News

SBI Holdings
2026-07-17 10:25:46

SBI Holdings completes acquisition of a majority stake in Coinhako

SBI Holdings said it completed the acquisition of a majority stake in Singapore-based cryptocurrency platform Coinhako on July 16 and has brought the company into its consolidated subsidiary group. The company said the transaction received the necessary approval from the Monetary Authority of Singapore. The update was reported by ChainCatcher as a brief regulatory and corporate development in the crypto sector. The announcement centers on the closing of the deal, the size of control obtained by SBI Holdings, and the regulatory clearance tied to the transaction. No financial terms were disclosed in the brief.

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SBI Holdings completes acquisition of a majority stake in Coinhako
Aave
2026-07-17 10:25:07

Aave’s Stable Vaults package DeFi yields into a fixed-rate product for mainstream apps

Aave Labs introduced Stable Vaults on July 9 as a new wrapper around its lending markets, letting digital banks, crypto wallets and payroll providers offer fixed-rate savings products to end users while routing deposits into Aave. The model gives operators room to set a headline yield, absorb downside when Aave’s floating rates fall below that level, and keep the spread when underlying returns run higher. The structure is designed to remove the decisions that usually come with DeFi: choosing chains, monitoring pools, moving funds and handling wallets. For users, that means a simpler product and more predictable returns. It also means capped upside and a new layer of counterparty and operational risk tied to the business running the vault and the private scripts moving funds behind the scenes. The article argues that this may be the missing commercial piece in Aave’s push beyond native crypto users. It points to examples including Rise, Kraken and Cap Finance, and places Stable Vaults alongside Aave’s broader effort to attract stickier deposits as protocol revenue becomes more important under Aave’s economics 3.0 model.

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Aave’s Stable Vaults package DeFi yields into a fixed-rate product for mainstream apps
Bitcoin
2026-07-17 10:22:27

Bitcoin Japan Corporation raises $60 million via convertible bonds, makes first $4.08 million BTC treasury purchase

BitcoinTreasuries.NET said in a post on X that listed company Bitcoin Japan Corporation (8105.T) has raised $60 million through convertible bonds and allocated $4.08 million for its first Bitcoin purchase for the corporate treasury. The Odaily newsflash did not include further details on the terms of the fundraising, the timing of the purchase, or any broader treasury plan. The update points specifically to an initial BTC allocation tied to the company’s treasury strategy and attributes the information to BitcoinTreasuries.NET’s post.

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Bitcoin Japan Corporation raises $60 million via convertible bonds, makes first $4.08 million BTC treasury purchase
U.S. premarke
2026-07-17 10:15:03

Chip, optical networking and storage stocks trim premarket losses as SK Hynix ADR rises 3.61%

U.S. premarket trading showed a rebound from session lows across semiconductor, optical networking and storage names on July 17, according to market data from BIT (bit.com). Storage shares led the recovery. SK Hynix (SKHY) rose 3.61% after having fallen nearly 4% earlier, while Sandisk (SNDK) turned positive and gained 0.70%. Micron Technology (MU) also moved back into positive territory, up 0.07%. Semiconductor stocks were still down overall, but losses narrowed for several large names. ASML (ASML) fell 0.98%, Broadcom (AVGO) slipped 1.85%, Marvell Technology (MRVL) lost 1.96%, Nvidia (NVDA) dropped 2.49%, and KLA (KLAC) was down 2.94%. In optical networking, declines also eased. Lumentum (LITE) fell 1.61%, Nokia (NOK) lost 1.73%, Corning (GLW) dropped 2.18%, Applied Optoelectronics (AAOI) was down 2.63%, and Astera Labs (ALAB) fell 3.01%.

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Chip, optical networking and storage stocks trim premarket losses as SK Hynix ADR rises 3.61%
BackedFi
2026-07-17 10:13:10

BackedFi buys new spot code solana:XsoCS1...DF2W with 500 HYPE

Odaily reported, citing monitoring by HyperliquidNews, that BackedFi purchased the new spot code solana:XsoCS1...DF2W using 500 HYPE. The trade was valued at about $30,200, according to the update. No further transaction details were provided in the brief.

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BackedFi buys new spot code solana:XsoCS1...DF2W with 500 HYPE
WAIC
2026-07-17 10:11:25

WAIC panel says AI must not lead decisions involving life, irreversible harm, or moral judgment

At the 2026 World Artificial Intelligence Conference in Shanghai, a panel on AI agent governance converged on a sharp boundary: AI may be authorized to act, but it must not be allowed to bear responsibility or take the lead in decisions involving life and death, irreversible consequences, or moral and value judgments. The discussion brought together Xue Lan, dean of Tsinghua University’s Institute for AI International Governance, Nicholas B. Dirks, president and CEO of the New York Academy of Sciences, and Mark Nitzberg, executive director of the Center for Human-Compatible AI at the University of California, Berkeley. The speakers said AI is moving beyond assistive judgment toward autonomous action, turning an old principal-agent problem into a digital-age governance challenge. Unlike human agents, AI systems may be misaligned with user intent, operate as black boxes, and cannot themselves carry legal responsibility. The panel argued that accountability must instead sit across the execution chain, including developers, deployers, and regulators. They also outlined three engineering requirements for trustworthy AI: strong foundations, transparent operation, and controllability during use, while calling for shared safety standards, mutually recognized testing systems, incident data sharing, and early warning mechanisms at the global level.

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WAIC panel says AI must not lead decisions involving life, irreversible harm, or moral judgment
Hyperliquid
2026-07-17 10:09:55

Six whales cut $16.852 million in long positions as semiconductor contracts slide on Hyperliquid

Semiconductor-linked contracts on Hyperliquid fell across the board on July 17, according to monitoring data from Hyperinsight, pushing a cluster of leveraged long positions into stop-loss exits. Since 00:00 that day, SKHY was down 8.1%, SNDK fell 7.1%, SKHX dropped 6.4%, and MU lost 3.8%. Among previously tracked addresses, six whales had already stopped out of more than $1 million each across the four major contracts cited. In total, they closed $16.852 million worth of long positions and realized combined losses of $1.072 million. The liquidations were heavily concentrated in SKHY, where five of the six whales recorded their seven-figure stop-losses. The remaining whale exited across three contracts, taking losses of about $386,000 on SKHY, $332,000 on SNDK, and $304,000 on MU, for a combined loss of roughly $1.022 million. Hyperinsight said Hynix ADR was both the steepest decliner in the group and the most crowded exit for leveraged longs.

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Six whales cut $16.852 million in long positions as semiconductor contracts slide on Hyperliquid
CXMT
2026-07-17 10:08:17

CXMT orders reportedly booked through end-2027 as PC brands step up memory purchases

BlockBeats reported on July 17, citing PC supply chain sources, that ChangXin Memory Technologies, or CXMT, has entered the final stage of its IPO process. The same sources said PC brands have accelerated orders for CXMT memory, with bookings reportedly extending through the end of 2027. According to the report, the shift comes as China-U.S. tensions have eased and Apple has allegedly tested CXMT memory while lobbying the U.S. government to allow its use. Sources also said major PC vendors have already completed product testing, but actual supply will still depend on quota allocation. The report added that memory prices may see slower gains in the second half of 2026, but are still expected to keep rising. Brands are said to be passing part of the higher cost on to consumers. End-product price increases have started to weigh on sales, though sources said the market has not yet reached a breaking point. Large customers including Dell, HP, Lenovo and Apple are expected to get priority access, while smaller manufacturers may be left off supply lists. Supply chain sources also said the U.S. had at one point considered adding CXMT to the Entity List, though no such move has been announced.

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CXMT orders reportedly booked through end-2027 as PC brands step up memory purchases