Korea Investment Securities (KIS) lowered its operating profit forecasts for SK Hynix for 2026 and 2027 by 9% and 11%, respectively, while keeping its target price unchanged at KRW 3.8 million. According to the market note cited by BlockBeats, the revision was tied to a reassessment of long-term supply contract pricing rather than weaker demand. KIS said demand for high-bandwidth memory, or HBM, remains strong, particularly as AI server and GPU supply chains continue to expand. The firm estimated SK Hynix’s second-quarter revenue at about KRW 80.9 trillion and operating profit at roughly KRW 60.4 trillion, implying an operating margin close to 75%, still near historical highs. KIS argued the issue is not whether SK Hynix can make money, but whether it can earn as much as the market had previously assumed. The brokerage also expects the memory industry over the next three to five years to rely more heavily on long-term contracts, which can secure customers, capacity and cash flow but may also limit producers’ ability to fully capture upside from spot price spikes in DRAM and HBM.

The digital yuan operations center said several participating banks now support an offline payment QR code function in their e-CNY wallets, allowing users to present a payment code through the app even when network access is unavailable or weak. The newly supported institutions are Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications, Postal Savings Bank of China, and Industrial Bank, with the feature set to expand to more operators later. According to the announcement, the system can automatically switch to an offline payment code when a user faces network interruptions or poor signal, without requiring manual setup or extra steps. Merchants can then complete the transaction by scanning the code. The operations center also said users need to have the small-amount password-free payment setting enabled before using the offline code. If they have also turned on the top-up-on-use function in advance, payments can still go through even when wallet balance is insufficient.

Robinhood’s layer-2 network, Robinhood Chain, has boosted market sentiment around Ethereum after launch, according to Cointelegraph, as cited by ChainCatcher. The network uses ETH as its native gas token and has already seen about $141 million worth of ETH bridged onto the chain. Wallet addresses holding ETH on Robinhood Chain have passed 500,000. Activity on the network has also picked up quickly. Over the past 24 hours, decentralized exchange volume on Robinhood Chain reached $877.56 million, surpassing both Ethereum L1 and rival Base, the report said. Robinhood Chain also serves as the on-chain extension of the traditional trading platform Robinhood and offers tokenized stock services to customers in 120 countries, adding to the reach of the EVM-compatible ecosystem. Ethereum is also drawing support from the real-world asset theme. Data from Rwa.xyz shows Ethereum holds a 47% market share in the RWA sector. Leon Waidmann, head of research at Lisk, said Ethereum’s on-chain total value locked has reached $260 billion, above ETH’s roughly $210 billion market capitalization, a gap he said could suggest ETH is undervalued.

On-chain tracker @ai_9684xtpa said a wallet bought $189,000 worth of CZ tokens about 14 hours ago near the token’s rebound high, paying an average price of $0.03048. The position is now down 34.9%, leaving the wallet with an unrealized loss of about $66,000. Despite the drawdown, the address is still holding the tokens. The tracker also said the wallet had previously traded Meme tokens mainly on the Ethereum mainnet. Based on the observed activity, this appears to be the address’s first trade on BSC. No additional identity details for the wallet were disclosed in the post.

An address tracked by on-chain analyst Ai Yi bought $189,000 worth of CZ at an average price of $0.03048 about 14 hours ago, according to Odaily. The purchase took place at the rebound high during the burn of CZ at the CZ donation address. The position has since fallen 34.9%, leaving the address with an unrealized loss of $66,000. The wallet still holds the token. Ai Yi also said the address had previously focused mainly on trading memecoins on the Ethereum mainnet. The update points to a sharp drawdown shortly after entry, with the wallet remaining exposed to the token after buying near the local peak.

BlockBeats reported on July 13, citing Bitget market data, that the South Hyloris 2x Long ETF fell more than 21% during intraday trading and was quoted at HK$70.06. The product was down 21.63% from the previous trading day. The ETF had previously climbed quickly alongside Hyloris shares, reaching about HK$193.65 at one point in June before entering a continued pullback. At the current price, it has retreated more than 60% from that high. The move highlights the scale of the recent reversal after the earlier run-up, based on the figures provided in the market update.

The yield on the US two-year Treasury climbed to 4.2393%, reaching a 17-month high, according to a report cited by Jin10. At the same time, federal funds rate futures showed that the market was pricing in 39 basis points of rate hikes by December. The move highlights a shift in interest-rate expectations reflected in short-dated government debt and policy-linked futures. No other details were provided in the source report.

Robinhood Chain’s first week is starting to reshape trading narratives around a handful of DeFi tokens. In the article, William M. Peaster says several top-100 crypto assets by market cap posted standout seven-day gains, including Lighter (LIT) at 16%, Morpho (MORPHO) at 15%, Arbitrum (ARB) at 13%, and Uniswap (UNI) at 9%. The common thread, he argues, is their direct or indirect exposure to Robinhood Chain’s launch. The network’s onchain numbers have expanded quickly. Citing DefiLlama, the piece says total value locked on Robinhood Chain doubled from $46 million to $96 million in a matter of days, while stablecoin market cap climbed above $270 million. DEX volume reached about $900 million for the week, with more than $500 million of that recorded in the past 24 hours alone. The article links each token to a specific part of the chain’s early stack: Lighter as Robinhood Wallet’s default perpetuals venue, Arbitrum as the Orbit technology base that receives 10% of net protocol revenue, Morpho as the destination for USDG deposits through Robinhood Earn at roughly 7% APY, and Uniswap as the network’s main DEX with about $1 billion in trading volume during the first week. While meme token CASHCAT surged 5,000% over the same period, the piece argues that infrastructure-linked DeFi projects may offer a more durable way to track Robinhood Chain’s growth.