Bitcoin's brief recovery fades, slipping back to $77,100. Gold and silver rally sharply while AI-related stocks decline. Strategy hits fresh lows, but crypto miners pivoting to AI buck the trend. Options market shows backwardation; analyst waits for volatility to cool.
U.S. semiconductor, memory and optical communication stocks were still mostly lower after Wednesday's market open on July 22, but losses narrowed sharply from pre-market levels, according to market data from BIT (bit.com). In semiconductors, Qualcomm (QCOM) reversed course to gain 1.61%, while AMD (AMD) rose 0.18%. Nvidia (NVDA) slipped 0.19%, Broadcom (AVGO) fell 0.26%, Marvell Technology (MRVL) lost 0.59%, Intel (INTC) dropped 0.73%, and SK Hynix (SKHY) was down 3.96%. In the memory segment, Seagate Technology (STX) turned positive and rose 0.50%, while Western Digital (WDC) added 0.10%. Micron Technology (MU) fell 1.21%, SanDisk (SNDK) declined 1.98%, and SK Hynix (SKHY) remained down 3.96%. Among optical communication names, Credo (CRDO) moved from negative territory to a 0.17% gain. Lumentum (LITE) fell 0.54%, Coherent (COHR) and Astera Labs (ALAB) each lost 0.75%, Ciena (CIEN) slipped 1.04%, and Applied Optoelectronics (AAOI) dropped 3.66%.
Aster DEX has launched five RWA perpetual contracts tied to AVGO, COIN, PLTR, PAYP, and AMD, while pairing the rollout with a 1.2x points boost available through May 27, 2026.
HTX released its May performance report, with TradFi futures trading volume surpassing $1 billion and ranking first globally in net capital inflows. The platform advanced in asset expansion, yield optimization, product innovation, and ecosystem co-building, maintaining over 100% reserve ratios.
AI-related U.S. stocks moved higher in premarket trading, according to data from MSX.COM. Marvell Technology (MRVL) led the group with a 6.37% gain, followed by Micron (MU) at 5.94%, KLA (KLAC) at 5.19%, Arm (ARM) at 5.11%, Broadcom (AVGO) at 2.6%, and NVIDIA at 1.14%. MSX.COM said it operates as a decentralized RWA trading platform and has listed hundreds of RWA tokens so far. Those tokenized assets cover U.S. stocks and ETF underlyings, including AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA. The update was published by Odaily as a market analysis newsflash.
Morgan Stanley has shifted its near-term tone on parts of the semiconductor trade, saying the recent pullback in memory chip stocks has opened an attractive entry point. In a July 20 note to clients, analyst Joseph Moore said continued spending on AI data centers could keep the memory market in shortage through 2027 and 2028. He argued that weakness or noise in consumer electronics, PCs, and smartphones should not be read as a sign that the memory cycle is rolling over, because this upcycle is being driven by data centers rather than traditional end markets. Even so, Moore did not make memory the firm’s top idea on a risk-reward basis. He said Morgan Stanley still prefers Nvidia and Broadcom, though memory names are closing the gap quickly. The note also addressed concerns that long-term supply agreements and capacity additions could cap prices, with Moore saying such contracts may compress the cycle’s amplitude but support stocks over a longer period. The call stands out because Morgan Stanley had warned earlier this month that momentum in chip shares was fading and had recommended reducing semiconductor exposure.
Bitget has introduced what it calls the first cross-asset Unified Trading Account, or UTA, in the industry, bringing more than 370 assets into a single margin pool. The rollout includes 100 tokenized U.S. stock products under its rToken line, allowing eligible holdings to be used not only as investment exposure but also as margin and collateral inside one account. According to the company, users can combine cryptocurrencies, tokenized U.S. equities and other real-world-asset-related holdings in the same account for derivatives trading, leveraged positions and collateralized borrowing. Bitget frames the product as the third stage in the evolution of unified accounts: from single-currency margin systems, to multi-crypto margin pools, and now to a cross-asset framework that includes tokenized stocks and RWA products. The company said rToken can serve three functions inside UTA: holding exposure to the underlying asset’s price performance, contributing to account margin, and being pledged to borrow stablecoins. Bitget also said the 100 supported rToken assets cover large-cap U.S. names, broad market indexes, preferred shares, technology, semiconductors, AI infrastructure, finance, consumer, energy, healthcare and communications.
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%.
