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On July 14, according to GMGN market data, the Robinhood Chain Meme coin CASHCAT briefly broke through a market cap of $200 million, now falling back to $192 million, up over 20% in 24 hours; 24-hour trading volume reached $40.3 million. BlockBeats reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.

[CASHCAT Market Cap Briefly Surpasses $200M, Up Over 20% in 24 Hours]On July 14, according to GMGN market data, the Robinhood Chain Meme coin CASHCAT briefly broke through a market cap of $200 million, now falling back to $192 million, up over 20% in 24 hours; 24-hour trading volume reached $40.3 million. BlockBeats reminds users that Meme coin prices are highly volatile, and investors should be aware of the risks.

CASHCAT Market Cap Briefly Surpasses $200M, Up Over 20% in 24 Hours

On July 14, SK Hynix's pre-market gains in US stocks further expanded to 8.8%.

[SK Hynix Pre-Market Gains Expand to 8.8%]On July 14, SK Hynix's pre-market gains in US stocks further expanded to 8.8%.

SK Hynix Pre-Market Gains Expand to 8.8%

On July 14, according to an official announcement, Huobi HTX has launched SNXX/USDT and RAM/USDT perpetual contracts with a maximum leverage of 10x. At the same time, Huobi HTX is launching a contract trading competition for SNXX and RAM from 15:00 on July 14 to 15:00 on July 21 (UTC+8), with a total prize pool of up to $20,000. During the event, users who complete registration and participate in SNXX/USDT and RAM/USDT contract trading with a cumulative effective trading volume of ≥1,000 USDT will be eligible to share the prize pool based on their trading volume rankings. Additionally, new contract users who complete contract trading for the event tokens will receive exclusive benefits.

[Huobi HTX Lists SNXX and RAM Perpetual Contracts, Launches Contract Trading Competition]On July 14, according to an official announcement, Huobi HTX has launched SNXX/USDT and RAM/USDT perpetual contracts with a maximum leverage of 10x. At the same time, Huobi HTX is launching a contract trading competition for SNXX and RAM from 15:00 on July 14 to 15:00 on July 21 (UTC+8), with a total prize pool of up to $20,000. During the event, users who complete registration and participate in SNXX/USDT and RAM/USDT contract trading with a cumulative effective trading volume of ≥1,000 USDT will be eligible to share the prize pool based on their trading volume rankings. Additionally, new contract users who complete contract trading for the event tokens will receive exclusive benefits.

Huobi HTX Lists SNXX and RAM Perpetual Contracts, Launches Contract Trading Competition

According to monitoring by Beating, the Financial Times cited sources saying that NVIDIA has established a new customer 'whitelist' in Asia. After a new round of reviews, the number of customers authorized to purchase AI chips in Singapore, Malaysia, and Japan has been reduced by more than half. NVIDIA conducts on-site inspections of data centers, verifies contracts, and interviews end users. The focus is on preventing chips from being resold to China via third countries. Those affected are mostly new cloud service providers specializing in AI computing power. Companies that did not pass the initial review can reapply after making corrections. NVIDIA stated that compliance is always the top priority. The U.S. Department of Commerce did not respond.

[NVIDIA Tightens AI Chip Controls, Asian Buyer List Shrinks by Over Half]According to monitoring by Beating, the Financial Times cited sources saying that NVIDIA has established a new customer 'whitelist' in Asia. After a new round of reviews, the number of customers authorized to purchase AI chips in Singapore, Malaysia, and Japan has been reduced by more than half. NVIDIA conducts on-site inspections of data centers, verifies contracts, and interviews end users. The focus is on preventing chips from being resold to China via third countries. Those affected are mostly new cloud service providers specializing in AI computing power. Companies that did not pass the initial review can reapply after making corrections. NVIDIA stated that compliance is always the top priority. The U.S. Department of Commerce did not respond.

NVIDIA Tightens AI Chip Controls, Asian Buyer List Shrinks by Over Half

On July 14, people familiar with the matter said Samsung Electronics is in the early stages of exploring the issuance of American depositary receipts (ADRs). Samsung has held preliminary discussions with several banks but has not yet decided whether to proceed with the plan. Samsung will closely monitor the performance of volatile memory chip stocks during its decision-making process. If the company ultimately proceeds with a U.S. listing, its vast business portfolio and ongoing labor disputes could pose challenges to the transaction structure design. The people said Samsung has previously evaluated the possibility of issuing ADRs but ultimately decided against it. However, SK Hynix's recent successful listing in the U.S. has provided new impetus for Samsung to reconsider this option. Since the beginning of this year, Samsung's stock price has risen by about 120%, pushing the company's market value above $1 trillion. The sharp rise in the stock price already reflects high market expectations for the company's earnings growth. Samsung's preliminary results announced last week beat market expectations, but its stock price still fell sharply, highlighting the growing difficulty in meeting investor expectations. At the same time, the prospect of more new capacity coming to market is also putting pressure on chip stocks.

[Market News: Samsung in Preliminary Talks for Potential U.S. Share Sale]On July 14, people familiar with the matter said Samsung Electronics is in the early stages of exploring the issuance of American depositary receipts (ADRs). Samsung has held preliminary discussions with several banks but has not yet decided whether to proceed with the plan. Samsung will closely monitor the performance of volatile memory chip stocks during its decision-making process. If the company ultimately proceeds with a U.S. listing, its vast business portfolio and ongoing labor disputes could pose challenges to the transaction structure design. The people said Samsung has previously evaluated the possibility of issuing ADRs but ultimately decided against it. However, SK Hynix's recent successful listing in the U.S. has provided new impetus for Samsung to reconsider this option. Since the beginning of this year, Samsung's stock price has risen by about 120%, pushing the company's market value above $1 trillion. The sharp rise in the stock price already reflects high market expectations for the company's earnings growth. Samsung's preliminary results announced last week beat market expectations, but its stock price still fell sharply, highlighting the growing difficulty in meeting investor expectations. At the same time, the prospect of more new capacity coming to market is also putting pressure on chip stocks.

Market News: Samsung in Preliminary Talks for Potential U.S. Share Sale

On July 14, according to The Block, former Los Angeles County Sheriff's Deputy Scott Simpkins was sentenced to 18 months in prison for obstructing a federal investigation into jailed cryptocurrency merchant Adam Iza. Prosecutors stated that Simpkins denied witnessing Iza threatening a victim and extorting a $25,000 bank transfer in a 2021 incident.

[Former LAPD Officer Sentenced to 18 Months for Perjury on Behalf of Crypto Merchant]On July 14, according to The Block, former Los Angeles County Sheriff's Deputy Scott Simpkins was sentenced to 18 months in prison for obstructing a federal investigation into jailed cryptocurrency merchant Adam Iza. Prosecutors stated that Simpkins denied witnessing Iza threatening a victim and extorting a $25,000 bank transfer in a 2021 incident.

Former LAPD Officer Sentenced to 18 Months for Perjury on Behalf of Crypto Merchant

On July 14, Iran's Islamic Revolutionary Guard Corps announced that it had launched ballistic missiles at a U.S. military airbase in Jordan and called on Jordanian citizens to resist the U.S. military presence. Jordan stated that its air defense system successfully intercepted four Iranian missiles that entered its airspace, causing no casualties or property damage. In response, the U.S. Central Command, authorized by President Trump, launched approximately five hours of continuous airstrikes on targets inside Iran. This marks the third consecutive night of large-scale U.S. strikes on Iran. According to Iranian media, multiple targets, including the port of Bandar Abbas, were hit, and some naval maintenance facilities were damaged. Meanwhile, tensions remain high in the Strait of Hormuz. Trump recently proposed that the U.S. would take responsibility for maintaining security in the Strait of Hormuz and plans to impose a 20% fee on goods transiting through it, sparking widespread international controversy. Amid escalating Middle East tensions, international oil prices briefly rose nearly 3%, as market concerns grow that risks to shipping in the strait could further worsen global energy supply shortages.

[US Launches 5-Hour Airstrikes on Iran After Iranian Bombing of US Base in Jordan]On July 14, Iran's Islamic Revolutionary Guard Corps announced that it had launched ballistic missiles at a U.S. military airbase in Jordan and called on Jordanian citizens to resist the U.S. military presence. Jordan stated that its air defense system successfully intercepted four Iranian missiles that entered its airspace, causing no casualties or property damage. In response, the U.S. Central Command, authorized by President Trump, launched approximately five hours of continuous airstrikes on targets inside Iran. This marks the third consecutive night of large-scale U.S. strikes on Iran. According to Iranian media, multiple targets, including the port of Bandar Abbas, were hit, and some naval maintenance facilities were damaged. Meanwhile, tensions remain high in the Strait of Hormuz. Trump recently proposed that the U.S. would take responsibility for maintaining security in the Strait of Hormuz and plans to impose a 20% fee on goods transiting through it, sparking widespread international controversy. Amid escalating Middle East tensions, international oil prices briefly rose nearly 3%, as market concerns grow that risks to shipping in the strait could further worsen global energy supply shortages.

US Launches 5-Hour Airstrikes on Iran After Iranian Bombing of US Base in Jordan

On July 14, according to a trader familiar with the transactions and a government official, the won rose as SK Hynix sold dollars in the local forex market. The dollar-won exchange rate fell 0.3% to 1,492.95, after having dropped as much as 0.7% to 1,486.20, a two-month low. Sources said Hanwha Ocean sold dollar forward contracts on Friday and Monday but has not sold any since Tuesday.

[Won Rises as SK Hynix Reportedly Sells Dollars in Local Forex Market]On July 14, according to a trader familiar with the transactions and a government official, the won rose as SK Hynix sold dollars in the local forex market. The dollar-won exchange rate fell 0.3% to 1,492.95, after having dropped as much as 0.7% to 1,486.20, a two-month low. Sources said Hanwha Ocean sold dollar forward contracts on Friday and Monday but has not sold any since Tuesday.

Won Rises as SK Hynix Reportedly Sells Dollars in Local Forex Market

On July 14, according to a study cited by Fortune, the rapid expansion of AI data centers in the U.S. has significantly increased public electricity costs. The PJM market monitor, responsible for regulating the power grids of 14 states in the mid-Atlantic and Midwest regions of the U.S., estimates that the additional electricity demand from data centers will result in an extra cost of approximately $23 billion for electricity users, an impact that will last at least until the end of 2028. The report states that although several large technology companies have pledged to cover the costs of new electricity infrastructure, some expenses may still be passed on to residential and ordinary commercial users because the costs of public facilities such as transmission lines, substations, and grid upgrades are typically allocated uniformly by regulators. The study also points out that some data centers can reduce their electricity consumption during peak grid periods by flexibly adjusting their power loads, thereby lowering their share of grid costs based on peak load. However, they still consume a large amount of electricity, resulting in their actual cost burden potentially being lower than the pressure they place on the grid. The analysis believes that as AI infrastructure construction continues to accelerate, issues such as electricity cost allocation mechanisms, data center electricity pricing, and residential electricity price increases are becoming important topics for U.S. energy regulation.

[Analysis: AI Data Centers Have Driven Up U.S. Electricity Prices by $23 Billion; Costs May Continue to Be Borne by Residents]On July 14, according to a study cited by Fortune, the rapid expansion of AI data centers in the U.S. has significantly increased public electricity costs. The PJM market monitor, responsible for regulating the power grids of 14 states in the mid-Atlantic and Midwest regions of the U.S., estimates that the additional electricity demand from data centers will result in an extra cost of approximately $23 billion for electricity users, an impact that will last at least until the end of 2028. The report states that although several large technology companies have pledged to cover the costs of new electricity infrastructure, some expenses may still be passed on to residential and ordinary commercial users because the costs of public facilities such as transmission lines, substations, and grid upgrades are typically allocated uniformly by regulators. The study also points out that some data centers can reduce their electricity consumption during peak grid periods by flexibly adjusting their power loads, thereby lowering their share of grid costs based on peak load. However, they still consume a large amount of electricity, resulting in their actual cost burden potentially being lower than the pressure they place on the grid. The analysis believes that as AI infrastructure construction continues to accelerate, issues such as electricity cost allocation mechanisms, data center electricity pricing, and residential electricity price increases are becoming important topics for U.S. energy regulation.

Analysis: AI Data Centers Have Driven Up U.S. Electricity Prices by $23 Billion; Costs May Continue to Be Borne by Residents

New York law firm Bragar Eagel & Squire has filed a class action lawsuit against mining company Iris Energy, which claims to be the leading owner and operator of an institutional-grade, efficient, proprietary bitcoin mining data centre powered by 100% renewable energy. Iris' bitcoin mining business allegedly earns bitcoins through a combination of block rewards and transaction fees from the operation of dedicated computing equipment known as "miners" or "bitcoin miners", and converts these bitcoins into legal tender such as US dollars ("USD"). ("USD") or Canadian dollars ("CAD") on a daily basis. However, the fact is that the mining machines used to secure the loan are not capable of generating sufficient cash flow to repay the loan themselves, and the market value of the machines is well below the principal amount of the loan. As at the time of filing this complaint, the Iris share price is significantly below the issue price of $28 per share, to the detriment of investors.
As previously reported, on December 12 last year, bitcoin miner Iris Energy shareholders launched a class action lawsuit against Iris Energy, with the complaint alleging violations of the Securities Act of 1933 and the Securities Act of 1934.

Detail

【New York law firm Bragar Eagel & Squire has filed a class action lawsuit against mining company Iris Energy】New York law firm Bragar Eagel & Squire has filed a class action lawsuit against mining company Iris Energy, which claims to be the leading owner and operator of an institutional-grade, efficient, proprietary bitcoin mining data centre powered by 100% renewable energy. Iris' bitcoin mining business allegedly earns bitcoins through a combination of block rewards and transaction fees from the operation of dedicated computing equipment known as "miners" or "bitcoin miners", and converts these bitcoins into legal tender such as US dollars ("USD"). ("USD") or Canadian dollars ("CAD") on a daily basis. However, the fact is that the mining machines used to secure the loan are not capable of generating sufficient cash flow to repay the loan themselves, and the market value of the machines is well below the principal amount of the loan. As at the time of filing this complaint, the Iris share price is significantly below the issue price of $28 per share, to the detriment of investors.
As previously reported, on December 12 last year, bitcoin miner Iris Energy shareholders launched a class action lawsuit against Iris Energy, with the complaint alleging violations of the Securities Act of 1933 and the Securities Act of 1934.

New York law firm Bragar Eagel & Squire has filed a class action lawsuit against mining company Iris Energy

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New York law firm Bragar Eagel & Squire has filed a class action lawsuit against mining company Iris Energy

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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