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As of July 27, the financing balance on the Shanghai Stock Exchange was reported at 1.364315 trillion yuan, an increase of 13.67 billion yuan compared to the previous trading day; the financing balance on the Shenzhen Stock Exchange was reported at 1.303962 trillion yuan, a decrease of 3.645 billion yuan from the previous trading day. The total financing balance for both markets reached 2.668277 trillion yuan, an increase of 10.025 billion yuan compared to the previous trading day. (Jin Shi)

[Financing Balance in Two Markets Increases by 10.025 Billion Yuan]As of July 27, the financing balance on the Shanghai Stock Exchange was reported at 1.364315 trillion yuan, an increase of 13.67 billion yuan compared to the previous trading day; the financing balance on the Shenzhen Stock Exchange was reported at 1.303962 trillion yuan, a decrease of 3.645 billion yuan from the previous trading day. The total financing balance for both markets reached 2.668277 trillion yuan, an increase of 10.025 billion yuan compared to the previous trading day. (Jin Shi)

Financing Balance in Two Markets Increases by 10.025 Billion Yuan

On July 28, Bloomberg reported that BlackRock issued $12.55 billion in investment-grade bonds for Meta's data center project located in El Paso, Texas, which rose during early trading on Monday. The yield on these bonds was 7.534%, 287.5 basis points higher than U.S. Treasury yields, a level more commonly seen in the junk bond market. During the issuance phase, the subscription size for the related bonds was approximately $20 billion, only 1.6 times the issuance amount, significantly lower than the average subscription level of about 4 times for bond issuances this year. However, the higher yield ultimately attracted investors, and the yield spread in the secondary market narrowed to about 260 basis points above U.S. Treasuries, down from 287.5 basis points at issuance. Recently, technology companies have been heavily engaged in large-scale bond financing, putting pressure on investors' capacity to absorb new AI-related debt. There has been a sell-off in tech bonds, as companies like Alphabet continue to expand capital expenditures and may issue more bonds, which has weakened market demand for newly issued bonds. The early performance of BlackRock's bonds contrasts with recent issuances from companies like SpaceX. After SpaceX completed its first investment-grade bond issuance in June, the related bonds fell in the secondary market, leading investors to face significant paper losses.

[BlackRock Issues $12.55 Billion Meta Data Center Bonds with 7.534% Yield]On July 28, Bloomberg reported that BlackRock issued $12.55 billion in investment-grade bonds for Meta's data center project located in El Paso, Texas, which rose during early trading on Monday. The yield on these bonds was 7.534%, 287.5 basis points higher than U.S. Treasury yields, a level more commonly seen in the junk bond market. During the issuance phase, the subscription size for the related bonds was approximately $20 billion, only 1.6 times the issuance amount, significantly lower than the average subscription level of about 4 times for bond issuances this year. However, the higher yield ultimately attracted investors, and the yield spread in the secondary market narrowed to about 260 basis points above U.S. Treasuries, down from 287.5 basis points at issuance. Recently, technology companies have been heavily engaged in large-scale bond financing, putting pressure on investors' capacity to absorb new AI-related debt. There has been a sell-off in tech bonds, as companies like Alphabet continue to expand capital expenditures and may issue more bonds, which has weakened market demand for newly issued bonds. The early performance of BlackRock's bonds contrasts with recent issuances from companies like SpaceX. After SpaceX completed its first investment-grade bond issuance in June, the related bonds fell in the secondary market, leading investors to face significant paper losses.

BlackRock Issues $12.55 Billion Meta Data Center Bonds with 7.534% Yield

On July 28, BeInCrypto reported that El Salvador's two main opposition parties have officially nominated their candidates for the presidential election in February 2027: the National Republican Alliance (ARENA) has put forward former lawmaker Maytee Iraheta, while the Farabundo Martí National Liberation Front (FMLN) has nominated doctor and union leader Rafael Aguirre. Both candidates have explicitly opposed Bukele's Bitcoin strategy, labeling it a financial failure. However, Bukele's approval rating remains as high as 94%, and his Nuevas Ideas party has also completed its nomination, giving him a clear advantage for re-election. Notably, El Salvador canceled Bitcoin's legal tender status in February 2025 after reaching a $1.4 billion loan agreement with the IMF, with the U.S. dollar becoming the sole official currency again, but the government continues to maintain a plan to purchase about one Bitcoin daily, holding approximately 7,730 BTC as of July 27.

[Opposition Candidates for El Salvador's 2027 Election Announced, Bukele's Bitcoin Strategy Faces Political Challenge]On July 28, BeInCrypto reported that El Salvador's two main opposition parties have officially nominated their candidates for the presidential election in February 2027: the National Republican Alliance (ARENA) has put forward former lawmaker Maytee Iraheta, while the Farabundo Martí National Liberation Front (FMLN) has nominated doctor and union leader Rafael Aguirre. Both candidates have explicitly opposed Bukele's Bitcoin strategy, labeling it a financial failure. However, Bukele's approval rating remains as high as 94%, and his Nuevas Ideas party has also completed its nomination, giving him a clear advantage for re-election. Notably, El Salvador canceled Bitcoin's legal tender status in February 2025 after reaching a $1.4 billion loan agreement with the IMF, with the U.S. dollar becoming the sole official currency again, but the government continues to maintain a plan to purchase about one Bitcoin daily, holding approximately 7,730 BTC as of July 27.

Opposition Candidates for El Salvador's 2027 Election Announced, Bukele's Bitcoin Strategy Faces Political Challenge

The Nikkei 225 index fell sharply by 4.00% during the day, currently reported at 62,320.32 points. Kioxia Holdings shares plummeted by 18%.

[Kioxia Holdings Shares Plunge 18%]The Nikkei 225 index fell sharply by 4.00% during the day, currently reported at 62,320.32 points. Kioxia Holdings shares plummeted by 18%.

Kioxia Holdings Shares Plunge 18%

On July 28, SK Hynix saw its market value evaporate by $47 billion in just over a month, transforming from one of the hottest themes in global artificial intelligence (AI) trading into a problematic holding in investment portfolios. Investors are concerned about overcrowding in AI-themed trades and the sharp increase in volatility due to leveraged trading, leading to a nearly 38% drop in the company's stock price from its historical high in June. During this period, SK Hynix's market value decline was only surpassed globally by SpaceX. While the AI boom has driven chip prices up, SK Hynix is expected to announce record quarterly results on Wednesday, but investors are becoming increasingly cautious, worried that rising storage chip costs may force users to reduce consumption and turn to cheaper alternatives.

[SK Hynix Loses $47 Billion in Market Value as Storage Chip Boom Shows Cracks]On July 28, SK Hynix saw its market value evaporate by $47 billion in just over a month, transforming from one of the hottest themes in global artificial intelligence (AI) trading into a problematic holding in investment portfolios. Investors are concerned about overcrowding in AI-themed trades and the sharp increase in volatility due to leveraged trading, leading to a nearly 38% drop in the company's stock price from its historical high in June. During this period, SK Hynix's market value decline was only surpassed globally by SpaceX. While the AI boom has driven chip prices up, SK Hynix is expected to announce record quarterly results on Wednesday, but investors are becoming increasingly cautious, worried that rising storage chip costs may force users to reduce consumption and turn to cheaper alternatives.

SK Hynix Loses $47 Billion in Market Value as Storage Chip Boom Shows Cracks

On July 28, on-chain analyst Yu Jin reported that Arthur Hayes continued to purchase 3,298 ETH through over-the-counter transactions via FalconX and Galaxy Digital, spending 6.32 million USDC. Since July 15, Arthur Hayes has spent a total of 13.82 million USDC to acquire 7,212.6 ETH, with an average purchase price of approximately $1,916.

[Arthur Hayes Acquires 3,298 ETH, Totaling 7,212.6 ETH Since July 15]On July 28, on-chain analyst Yu Jin reported that Arthur Hayes continued to purchase 3,298 ETH through over-the-counter transactions via FalconX and Galaxy Digital, spending 6.32 million USDC. Since July 15, Arthur Hayes has spent a total of 13.82 million USDC to acquire 7,212.6 ETH, with an average purchase price of approximately $1,916.

Arthur Hayes Acquires 3,298 ETH, Totaling 7,212.6 ETH Since July 15

On July 28, according to monitoring by Hyperinsight, Hyperliquid's Shanghai Luxi (SKHX) experienced a temporary spike at 7 AM Beijing time, dropping over 17% to $927, but has now rebounded to $1112. The community speculates that this unusual fluctuation may have been triggered by an oracle malfunction, with overall positions in related contracts dropping by about 20% at one point.

[Hyperliquid's SKHX Experiences Temporary Drop of Over 17% to $927, Now Rebounds to $1112]On July 28, according to monitoring by Hyperinsight, Hyperliquid's Shanghai Luxi (SKHX) experienced a temporary spike at 7 AM Beijing time, dropping over 17% to $927, but has now rebounded to $1112. The community speculates that this unusual fluctuation may have been triggered by an oracle malfunction, with overall positions in related contracts dropping by about 20% at one point.

Hyperliquid's SKHX Experiences Temporary Drop of Over 17% to $927, Now Rebounds to $1112

On July 28, CoinDesk reported that Judge Katherine Menendez of the U.S. District Court for Minnesota ruled on July 28 that the state's law classifying the operation of prediction markets as a criminal offense likely violates the federal Commodity Exchange Act (CEA). The judge granted a preliminary injunction to Kalshi, Polymarket, and the Commodity Futures Trading Commission (CFTC), suspending the enforcement of the state law. The judge stated that prediction market contracts are structurally classified as 'swap' products under CFTC regulation, and federal law takes precedence over state law, indicating that the three plaintiffs 'are likely to prevail in a formal trial.' Furthermore, the judge noted that failing to suspend the enforcement of the law would cause 'irreparable harm' to Kalshi and Polymarket. This preliminary injunction will remain in effect until a final judgment is made in the case.

[Kalshi and Polymarket Granted Preliminary Injunction by Federal Court, Minnesota's Prediction Market Ban Suspended]On July 28, CoinDesk reported that Judge Katherine Menendez of the U.S. District Court for Minnesota ruled on July 28 that the state's law classifying the operation of prediction markets as a criminal offense likely violates the federal Commodity Exchange Act (CEA). The judge granted a preliminary injunction to Kalshi, Polymarket, and the Commodity Futures Trading Commission (CFTC), suspending the enforcement of the state law. The judge stated that prediction market contracts are structurally classified as 'swap' products under CFTC regulation, and federal law takes precedence over state law, indicating that the three plaintiffs 'are likely to prevail in a formal trial.' Furthermore, the judge noted that failing to suspend the enforcement of the law would cause 'irreparable harm' to Kalshi and Polymarket. This preliminary injunction will remain in effect until a final judgment is made in the case.

Kalshi and Polymarket Granted Preliminary Injunction by Federal Court, Minnesota's Prediction Market Ban Suspended

On July 28, the KOSPI index in South Korea fell by more than 7%, with SK Hynix dropping over 10% and Samsung Electronics declining by nearly 9%.

[Korean Stocks Drop Over 7%]On July 28, the KOSPI index in South Korea fell by more than 7%, with SK Hynix dropping over 10% and Samsung Electronics declining by nearly 9%.

Korean Stocks Drop Over 7%

HTX data monitoring shows that AAVE has surpassed 100 USDT, currently reported at 100.08 USDT, with a 24H increase of 9.30%.

【AAVE breaks 100 USDT】HTX data monitoring shows that AAVE has surpassed 100 USDT, currently reported at 100.08 USDT, with a 24H increase of 9.30%.

AAVE breaks 100 USDT

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AAVE breaks 100 USDT

Penafian：Konten diatas tidak merepresentasikan posisi HTX.，HTX tidak memberikan rekomendasi perdagangan apa pun.。

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