Global crypto cap falls to $2.74T as Bitcoin, Ethereum, SOL, XRP tumble. Fear & Greed Index drops to 34. Hyperliquid leads blockchain fee revenue; Fidelity launches FILQ tokenized fund; Binance to list TradFi perpetuals.
Morgan Stanley has filed for Bitcoin and Solana ETFs with passive structures, cold-storage custody, and no leverage or derivatives. If approved, the products could reach more than 19 million wealth management clients.
NVIDIA is reportedly buying large amounts of long-haul dark fiber across the United States, a project Wolfe Research said it verified in a July 20 note after investor inquiries. The firm cited an earlier disclosure from Needham, which said NVIDIA was pursuing a large telecom network buildout that could involve $5 billion to $10 billion in spending over the next three years. According to the report, the buildout could include as many as 100 fiber pairs, or 200 individual fibers. Based on a conservative estimate using dense wavelength division multiplexing, or DWDM, Wccftech said the network’s theoretical capacity could reach 7.68 Pbps, far above the scale of a single major subsea cable system. The publication outlined three possible reasons for the move: linking distributed data centers into a massive GPU compute cluster, giving NeoCloud customers better network infrastructure, and allowing NVIDIA to push deeper into the GPU-as-a-Service market without relying as heavily on hyperscalers. Wolfe Research named Ciena, Corning and Cisco as stocks that could benefit. It called Ciena its favorite play, while Corning and Cisco were highlighted for their positions in fiber and networking infrastructure.
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.
Yangtze Memory has updated its IPO tutoring progress report, according to information published on the website of the China Securities Regulatory Commission and cited by BlockBeats on July 11. The first-phase report, updated on July 10, shows that CITIC Securities and CSC Financial together assigned 31 staff members to the tutoring team. The current tutoring period ran from May 19 to June 30, 2026. The work was carried out through on-site due diligence, group training sessions, and communications on specific issues. The filing outlines what the advisers plan to do next rather than giving any listing timetable. According to the report, the next stage will focus on two areas. First, the team will coordinate with intermediaries and the company on issues identified during the process, work out compliance plans, push the company to implement rectification requirements, and keep urging it to improve corporate governance and internal control systems. Second, the advisers will push the company to deepen its understanding of laws and rules tied to issuance and listing, standardized operations, information disclosure, and the responsibilities and obligations related to fulfilling commitments.
ChangXin Memory Technologies, or CXMT, has released its IPO prospectus for Shanghai’s STAR Market, setting out a deal that would raise RMB 29.5 billion and rank as the board’s second-largest listing after Semiconductor Manufacturing International Corp. The chipmaker plans to issue 6.688 billion new shares, with pricing inquiries scheduled for July 13 and subscriptions on July 16 under stock code 688825. The filing shows how sharply the DRAM cycle has turned. CXMT posted attributable net losses of RMB 16.34 billion in 2023 and RMB 7.145 billion in 2024, while cumulative uncovered losses stood at RMB 36.65 billion by the end of 2025. Yet in the first quarter of 2026, revenue reached RMB 50.8 billion, up 719% year over year, and net profit came in at RMB 33 billion. Its 2025 gross margin rose to 40.99% on a consolidated basis, above Samsung’s 39.38% and Micron’s 39.79%, trailing only SK hynix. The prospectus also carries two notable product signals. CXMT said it had stopped producing its own DDR4 products since late 2024 and is now centered on DDR5 and LPDDR5/5X. At the same time, HBM is not mentioned in the filing at all. A RMB 9 billion forward-looking technology project is described only as research for future advanced DRAM from 2026 to 2028, while the company says AI-related revenue remained relatively low during the reporting period. The document also points to structural and financial risks, including heavy depreciation, a lower sell-through rate, and a warning that the strong earnings growth seen in the first half of 2026 may not be sustainable.
NCSC and 15 partners warn of Chinese hacker groups using compromised routers and IoT devices as botnets (Volt Typhoon, Raptor Train). Over 200,000 devices infected in 2024, digital asset losses exceed $2 billion.
CasinoCoin is positioning itself as a crypto payment solution for the regulated gaming industry, highlighting 1,500 TPS, near-instant settlement, and built-in KYC/AML features. CSC has a circulating supply of 41.29 billion, a max supply of 65 billion, and an all-time high of 0.54.
