7*24

Hot topic

Market

Activities

The Depository Trust & Clearing Corporation (DTCC), a giant in financial market infrastructure, plans to demonstrate a real-time stock trading process based on blockchain technology this Wednesday. Market participants believe that this technology could streamline the clearing, settlement, and record-keeping processes behind Wall Street stock trading, thereby enhancing the efficiency of capital markets. This test is seen as an important step for the traditional financial system to explore on-chain securities infrastructure. However, the project remains relatively limited in scale at its initial stage. After years of research and development, the DTCC, one of the largest securities clearing institutions in the United States, is undertaking this demonstration more as a verification exercise rather than a full-scale push to migrate the stock market to blockchain. Market insiders note that although tokenized securities and on-chain settlement are considered to have the potential to reduce costs and improve trading efficiency, the migration of traditional financial infrastructure to blockchain still faces challenges such as regulation, compliance, system compatibility, and coordination among market participants.

[DTCC to Showcase On-Chain Stock Trading, but with Potential Scale Limitations]The Depository Trust & Clearing Corporation (DTCC), a giant in financial market infrastructure, plans to demonstrate a real-time stock trading process based on blockchain technology this Wednesday. Market participants believe that this technology could streamline the clearing, settlement, and record-keeping processes behind Wall Street stock trading, thereby enhancing the efficiency of capital markets. This test is seen as an important step for the traditional financial system to explore on-chain securities infrastructure. However, the project remains relatively limited in scale at its initial stage. After years of research and development, the DTCC, one of the largest securities clearing institutions in the United States, is undertaking this demonstration more as a verification exercise rather than a full-scale push to migrate the stock market to blockchain. Market insiders note that although tokenized securities and on-chain settlement are considered to have the potential to reduce costs and improve trading efficiency, the migration of traditional financial infrastructure to blockchain still faces challenges such as regulation, compliance, system compatibility, and coordination among market participants.

DTCC to Showcase On-Chain Stock Trading, but with Potential Scale Limitations

On July 13, according to data from the Korea Financial Investment Association, the recent sharp decline in the Korean stock market has accelerated margin deleveraging, with the cumulative scale of forced liquidations in July reaching 344.2 billion won. Among them, forced liquidations on a single day on July 9 amounted to 142.2 billion won. Due to a two-day lag in the reporting of forced liquidation data, the clearing pressure from the KOSPI's nearly 9% plunge on July 13 has not yet been fully reflected, and the market expects the scale of subsequent liquidations to further increase. On July 13, the KOSPI index closed down 8.95%, triggering the seller-side program suspension mechanism (Sidecar) and the primary circuit breaker mechanism during trading. The semiconductor sector suffered heavy losses, with SK Hynix falling 15.37%, marking the largest single-day drop in history, and Samsung Electronics falling 10.7%. At the same time, the margin scale of individual investors, credit financing balances, and investor deposits in South Korea have all continued to decline, and the market is trapped in a deleveraging cycle of 'stock price decline—forced liquidation—further decline'.

[Korean Stock Market Faces Margin Call Crisis: Forced Liquidations Reach 344.2 Billion Won in July]On July 13, according to data from the Korea Financial Investment Association, the recent sharp decline in the Korean stock market has accelerated margin deleveraging, with the cumulative scale of forced liquidations in July reaching 344.2 billion won. Among them, forced liquidations on a single day on July 9 amounted to 142.2 billion won. Due to a two-day lag in the reporting of forced liquidation data, the clearing pressure from the KOSPI's nearly 9% plunge on July 13 has not yet been fully reflected, and the market expects the scale of subsequent liquidations to further increase. On July 13, the KOSPI index closed down 8.95%, triggering the seller-side program suspension mechanism (Sidecar) and the primary circuit breaker mechanism during trading. The semiconductor sector suffered heavy losses, with SK Hynix falling 15.37%, marking the largest single-day drop in history, and Samsung Electronics falling 10.7%. At the same time, the margin scale of individual investors, credit financing balances, and investor deposits in South Korea have all continued to decline, and the market is trapped in a deleveraging cycle of 'stock price decline—forced liquidation—further decline'.

Korean Stock Market Faces Margin Call Crisis: Forced Liquidations Reach 344.2 Billion Won in July

On July 13, Intel (INTC.O) will spend €5 billion (about $5.7 billion) to expand its factory in Ireland, attempting to regain dominance in manufacturing amid the AI boom. Intel said in a statement that the investment will increase capacity at its campus in Leixlip, outside Dublin, as part of the company's plan to ramp up production of data center processors. The expansion will enhance production capabilities for products including its flagship Xeon server processors, while also advancing R&D activities. Intel Executive Vice President Naga Chandrasekaran said in a statement that the move is also part of a plan to improve delivery capabilities for Intel's foundry business customers. Intel's foundry business, which makes chips for other tech companies, is a key part of the company's revitalization strategy aimed at strengthening competition with rivals like TSMC.

[Intel to Invest €5 Billion to Expand Ireland Plant]On July 13, Intel (INTC.O) will spend €5 billion (about $5.7 billion) to expand its factory in Ireland, attempting to regain dominance in manufacturing amid the AI boom. Intel said in a statement that the investment will increase capacity at its campus in Leixlip, outside Dublin, as part of the company's plan to ramp up production of data center processors. The expansion will enhance production capabilities for products including its flagship Xeon server processors, while also advancing R&D activities. Intel Executive Vice President Naga Chandrasekaran said in a statement that the move is also part of a plan to improve delivery capabilities for Intel's foundry business customers. Intel's foundry business, which makes chips for other tech companies, is a key part of the company's revitalization strategy aimed at strengthening competition with rivals like TSMC.

Intel to Invest €5 Billion to Expand Ireland Plant

On July 13, an advisor to Iran's Supreme Leader stated: 'No Iranian believes we should abandon the Strait of Hormuz. We defend the Strait of Hormuz to avoid having to pay ransom to enemies for the passage of our ships in the future. The strategic position of the Strait of Hormuz and its security and economic importance have no substitute. We will never back down on the issue of the Strait of Hormuz.'

[Iran's Supreme Leader Advisor: Strait of Hormuz Irreplaceable, No Concession]On July 13, an advisor to Iran's Supreme Leader stated: 'No Iranian believes we should abandon the Strait of Hormuz. We defend the Strait of Hormuz to avoid having to pay ransom to enemies for the passage of our ships in the future. The strategic position of the Strait of Hormuz and its security and economic importance have no substitute. We will never back down on the issue of the Strait of Hormuz.'

Iran's Supreme Leader Advisor: Strait of Hormuz Irreplaceable, No Concession

On July 13, US President Trump posted that the US may "operate" the Strait of Hormuz in the future. If the US dominates the Strait of Hormuz in the future, the US will be compensated. "We will become the guardian of the Strait of Hormuz."

[Trump: US May Be Responsible for Managing Strait of Hormuz in Future]On July 13, US President Trump posted that the US may "operate" the Strait of Hormuz in the future. If the US dominates the Strait of Hormuz in the future, the US will be compensated. "We will become the guardian of the Strait of Hormuz."

Trump: US May Be Responsible for Managing Strait of Hormuz in Future

On July 13, according to official sources, the third phase of staking activities on HSK Chain officially launched on July 13. This phase has a maximum cap on total staking amount and adopts a diversified incentive model. Participating users will receive corresponding expected ecosystem incentives based on on-chain rules. Additionally, users who participated in previous phases and continue to support ecosystem development will receive additional ecosystem subsidies based on their historical lock-up contributions, comprehensively enhancing on-chain participation benefits. It is reported that this phase of staking activities, while rewarding HSK holders and previous participants, will further promote the long-term stable growth of the HSK Chain ecosystem. With the continuous influx of on-chain developers, high-quality projects, and institutional-grade assets, this upgrade of the long-term incentive mechanism will become a core measure for the ecosystem's long-term construction.

[HSK Chain Launches Third Phase of HSK Staking, Upgrading Long-Term Ecosystem Incentive Mechanism]On July 13, according to official sources, the third phase of staking activities on HSK Chain officially launched on July 13. This phase has a maximum cap on total staking amount and adopts a diversified incentive model. Participating users will receive corresponding expected ecosystem incentives based on on-chain rules. Additionally, users who participated in previous phases and continue to support ecosystem development will receive additional ecosystem subsidies based on their historical lock-up contributions, comprehensively enhancing on-chain participation benefits. It is reported that this phase of staking activities, while rewarding HSK holders and previous participants, will further promote the long-term stable growth of the HSK Chain ecosystem. With the continuous influx of on-chain developers, high-quality projects, and institutional-grade assets, this upgrade of the long-term incentive mechanism will become a core measure for the ecosystem's long-term construction.

HSK Chain Launches Third Phase of HSK Staking, Upgrading Long-Term Ecosystem Incentive Mechanism

On July 13, Bitmine announced the purchase of an additional 27,801 ETH over the past week, stating that it will maintain its steady accumulation pace since 2026. The company expects to achieve its so-called 'Alchemy of 5%' target within the year. As of July 12, Bitmine held a total of 5.77 million ETH, of which 4.917 million ETH (approximately 85% of holdings) were staked. Based on an ETH price of $1,820, the total value is approximately $9 billion. The company estimates an annual staking income of approximately $242 million at an annualized staking yield of 2.70%. If all ETH were staked, the annual staking rewards could reach $284 million. Additionally, Bitmine stated that it has launched its institutional-grade Ethereum staking platform, MAVAN (Made in American Validator Network), which will be opened to institutional investors, custodians, and ecosystem partners in the future. Bitmine claims it is now the world's largest ETH reserve institution and ranks second globally in terms of crypto asset reserves, behind only Strategy, which holds 843,775 BTC. The company also stated that the GENIUS Act and the U.S. SEC's Project Crypto will drive changes in digital asset financial infrastructure, with significance comparable to the impact of the end of the Bretton Woods system in 1971 on the modernization of Wall Street.

[Bitmine Adds 27,801 ETH in Past Week, Total Staked Reaches 4.917 Million, Annual Staking Revenue Estimated at $242 Million]On July 13, Bitmine announced the purchase of an additional 27,801 ETH over the past week, stating that it will maintain its steady accumulation pace since 2026. The company expects to achieve its so-called 'Alchemy of 5%' target within the year. As of July 12, Bitmine held a total of 5.77 million ETH, of which 4.917 million ETH (approximately 85% of holdings) were staked. Based on an ETH price of $1,820, the total value is approximately $9 billion. The company estimates an annual staking income of approximately $242 million at an annualized staking yield of 2.70%. If all ETH were staked, the annual staking rewards could reach $284 million. Additionally, Bitmine stated that it has launched its institutional-grade Ethereum staking platform, MAVAN (Made in American Validator Network), which will be opened to institutional investors, custodians, and ecosystem partners in the future. Bitmine claims it is now the world's largest ETH reserve institution and ranks second globally in terms of crypto asset reserves, behind only Strategy, which holds 843,775 BTC. The company also stated that the GENIUS Act and the U.S. SEC's Project Crypto will drive changes in digital asset financial infrastructure, with significance comparable to the impact of the end of the Bretton Woods system in 1971 on the modernization of Wall Street.

Bitmine Adds 27,801 ETH in Past Week, Total Staked Reaches 4.917 Million, Annual Staking Revenue Estimated at $242 Million

As of July 12, Eastern Time, BitMine's total holdings of cryptocurrency, cash, and the 'Moon Mission' amount to $11.3 billion. BitMine holds 5,770,038 ETH (an increase of 27,801 ETH from last week), representing 4.8% of Ethereum's total supply of 120.7 million ETH. Additionally, it holds 206 BTC, $180 million in Beast Industries shares, $69 million in Eightco Holdings (NASDAQ: ORBS) shares, and $482 million in unsecured cash. As of July 12, 2026, BitMine's total staked ETH is 4,917,189 (valued at $9 billion based on $1,820 per ETH).

[BitMine Adds Over 27,000 ETH Last Week, Total Holdings Exceed 5.77 Million ETH]As of July 12, Eastern Time, BitMine's total holdings of cryptocurrency, cash, and the 'Moon Mission' amount to $11.3 billion. BitMine holds 5,770,038 ETH (an increase of 27,801 ETH from last week), representing 4.8% of Ethereum's total supply of 120.7 million ETH. Additionally, it holds 206 BTC, $180 million in Beast Industries shares, $69 million in Eightco Holdings (NASDAQ: ORBS) shares, and $482 million in unsecured cash. As of July 12, 2026, BitMine's total staked ETH is 4,917,189 (valued at $9 billion based on $1,820 per ETH).

BitMine Adds Over 27,000 ETH Last Week, Total Holdings Exceed 5.77 Million ETH

On July 13, according to Bloomberg, several major U.S. banks, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and HSBC, announced the formation of a joint network operated by The Clearing House, using blockchain to connect tokenized bank deposits in response to the rapid expansion of dollar stablecoins such as USDT and USDC in payment and clearing sectors. The network is scheduled to go live next year, aiming to interconnect the banks' internal blockchain systems, prioritizing wholesale payments and liquidity management scenarios. According to Artemis Analytics data, stablecoin transaction volume in 2025 was approximately $33 trillion, and Bloomberg Intelligence expects related payment flows to exceed $50 trillion by 2030, with the banking industry believing this trend has created direct competitive pressure on traditional deposit and payment businesses.

[Wall Street Banks Join Forces to Launch Tokenized Deposit Network to Counter Stablecoin Expansion]On July 13, according to Bloomberg, several major U.S. banks, including JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and HSBC, announced the formation of a joint network operated by The Clearing House, using blockchain to connect tokenized bank deposits in response to the rapid expansion of dollar stablecoins such as USDT and USDC in payment and clearing sectors. The network is scheduled to go live next year, aiming to interconnect the banks' internal blockchain systems, prioritizing wholesale payments and liquidity management scenarios. According to Artemis Analytics data, stablecoin transaction volume in 2025 was approximately $33 trillion, and Bloomberg Intelligence expects related payment flows to exceed $50 trillion by 2030, with the banking industry believing this trend has created direct competitive pressure on traditional deposit and payment businesses.

Wall Street Banks Join Forces to Launch Tokenized Deposit Network to Counter Stablecoin Expansion

Blur, a non-fungible token (NFT) marketplace geared toward professional traders, said Monday that it has raised $11 million in new seed funding. The round was led by crypto VC firm Paradigm, along with participation from firms and angels such as eGirl Capital, 0xMaki and LedgerStatus, among others.

Detail

【NFT marketplace Blur raises $11M in seed round led by Paradigm】Blur, a non-fungible token (NFT) marketplace geared toward professional traders, said Monday that it has raised $11 million in new seed funding. The round was led by crypto VC firm Paradigm, along with participation from firms and angels such as eGirl Capital, 0xMaki and LedgerStatus, among others.

NFT marketplace Blur raises $11M in seed round led by Paradigm

CASHCAT Market Cap Surpasses $100 Million! Robinhood Chain Goes Viral

Behind ANSEM's 300% Weekly Surge: The Recovery and Traps of Solana Meme Coins

Will Zcash’s ‘formal verification’ of Ironwood clear counterfeiting fears and boost ZEC?

Goldman Sachs Report Deconstructs the Competitive Landscape of China's AI Large Models: Who Will Be the Long-Term Winner?

Ethereum uses less power than British Museum – Here’s what changed

Tom Lee Says Ethereum Could Lead AI-Era Finance as Institutional Adoption Accelerates

Is Ethereum Truly a "World Computer"?

NFT marketplace Blur raises $11M in seed round led by Paradigm

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

Related Articles

All Comments0LatestHot

Trending Topics

Related Articles