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On July 16, Wednesday, SpaceX (SPCX.O) saw its stock price fall below its IPO price for the first time, just over a month after the company sparked an investment frenzy, set the record for the largest IPO in history, and made Elon Musk the world's first trillionaire. SpaceX's stock had previously reached an all-time high of $225.64, a peak that briefly pushed the company's market value above tech giants Microsoft and Amazon. This decline means that investors who bought the stock at the IPO price are now facing paper losses for the first time, which could test market confidence in the stock. It also serves as a reminder that even for a company as large as SpaceX, Wall Street's enthusiasm can cool rapidly—on its first trading day, the company raised approximately $85.7 billion, with a valuation of about $2.1 trillion.

[SpaceX Stock Price Falls Below IPO Price for the First Time]On July 16, Wednesday, SpaceX (SPCX.O) saw its stock price fall below its IPO price for the first time, just over a month after the company sparked an investment frenzy, set the record for the largest IPO in history, and made Elon Musk the world's first trillionaire. SpaceX's stock had previously reached an all-time high of $225.64, a peak that briefly pushed the company's market value above tech giants Microsoft and Amazon. This decline means that investors who bought the stock at the IPO price are now facing paper losses for the first time, which could test market confidence in the stock. It also serves as a reminder that even for a company as large as SpaceX, Wall Street's enthusiasm can cool rapidly—on its first trading day, the company raised approximately $85.7 billion, with a valuation of about $2.1 trillion.

SpaceX Stock Price Falls Below IPO Price for the First Time

On July 16, U.S. President Trump stated that one of the biggest drivers of future employment is data centers. They are large in scale and powerful, serving as 'money machines' for their respective states. For political reasons, New York Governor Kathy Hochul has halted all data center construction or planned construction in New York State. These companies are now seeking to establish themselves in Alabama, Florida, Texas, Arizona, and many other states. Tax revenue and job opportunities are akin to liquid gold! New York has made a poor decision. All this revenue and other benefits will flow to red states and some blue states that seek data centers as cash cows, where taxes are lower and record job opportunities are created. New York should change its policy immediately.

[Trump: New York Should Immediately Change Data Center Policy]On July 16, U.S. President Trump stated that one of the biggest drivers of future employment is data centers. They are large in scale and powerful, serving as 'money machines' for their respective states. For political reasons, New York Governor Kathy Hochul has halted all data center construction or planned construction in New York State. These companies are now seeking to establish themselves in Alabama, Florida, Texas, Arizona, and many other states. Tax revenue and job opportunities are akin to liquid gold! New York has made a poor decision. All this revenue and other benefits will flow to red states and some blue states that seek data centers as cash cows, where taxes are lower and record job opportunities are created. New York should change its policy immediately.

Trump: New York Should Immediately Change Data Center Policy

On July 16, Intel (INTC.O) dropped over 7%, with its stock price falling below $100 for the first time since June 5.

[Intel Stock Price Falls Below $100 Mark]On July 16, Intel (INTC.O) dropped over 7%, with its stock price falling below $100 for the first time since June 5.

Intel Stock Price Falls Below $100 Mark

On July 16, according to BIT (bit.com) market data, during intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space concept stocks declined across the board, including: AST SpaceMobile (ASTS) down 5.26%; Rocket Lab (RKLB) down 3.4%; Redwire (RDW) down 3.4%.

[SpaceX Falls Below $135 IPO Price for the First Time, U.S. Space Stocks Decline Across the Board]On July 16, according to BIT (bit.com) market data, during intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space concept stocks declined across the board, including: AST SpaceMobile (ASTS) down 5.26%; Rocket Lab (RKLB) down 3.4%; Redwire (RDW) down 3.4%.

SpaceX Falls Below $135 IPO Price for the First Time, U.S. Space Stocks Decline Across the Board

On July 16, Summer.fi announced that following the attack on the Lazy Summer protocol on July 6, the team assessed that there was no viable path to continue operations, and thus will gradually cease operations. The attack directly resulted in a loss of approximately $6.1 million, and a significant portion of the team members' own assets were also stored in the attacked vault, further reducing the operational funds needed for reconstruction. The announcement stated that the Summer.fi application will remain open until August 31, and the future direction of the Lazy Summer protocol will be determined by the Lazy Summer DAO. The current DAO is working on restoring the withdrawal and redemption processes for all vaults, including the two previously affected vaults.

[Summer.fi to Gradually Cease Operations After $6.1 Million Attack Loss]On July 16, Summer.fi announced that following the attack on the Lazy Summer protocol on July 6, the team assessed that there was no viable path to continue operations, and thus will gradually cease operations. The attack directly resulted in a loss of approximately $6.1 million, and a significant portion of the team members' own assets were also stored in the attacked vault, further reducing the operational funds needed for reconstruction. The announcement stated that the Summer.fi application will remain open until August 31, and the future direction of the Lazy Summer protocol will be determined by the Lazy Summer DAO. The current DAO is working on restoring the withdrawal and redemption processes for all vaults, including the two previously affected vaults.

Summer.fi to Gradually Cease Operations After $6.1 Million Attack Loss

On July 15, the U.S. Securities and Exchange Commission announced that the rule change submitted by the New York Stock Exchange on July 6 is now in effect. The position limits and exercise limits for BlackRock's Bitcoin spot ETF IBIT options have been significantly raised from 250,000 contracts to 1 million contracts to meet the rapidly growing demand for IBIT options trading, enhancing market liquidity and the capacity of market makers.

[SEC Approves BlackRock's Bitcoin Spot ETF Options Position and Exercise Limits Increase to 1 Million Contracts]On July 15, the U.S. Securities and Exchange Commission announced that the rule change submitted by the New York Stock Exchange on July 6 is now in effect. The position limits and exercise limits for BlackRock's Bitcoin spot ETF IBIT options have been significantly raised from 250,000 contracts to 1 million contracts to meet the rapidly growing demand for IBIT options trading, enhancing market liquidity and the capacity of market makers.

SEC Approves BlackRock's Bitcoin Spot ETF Options Position and Exercise Limits Increase to 1 Million Contracts

On July 15, Celestia Labs announced the acquisition of high-performance blockchain framework developer Sovereign Labs. Since 2021, the latter has been deeply engaged in the Celestia ecosystem, with its framework providing underlying support for projects such as the cross-chain bridge Relay Protocol and the high-performance perpetual contract trading platform Bullet. Following this acquisition, Celestia Labs' technical capabilities will extend from Layer 1 to the execution and application layers, positioning it as a full-stack custom blockchain development partner for enterprises. As projects like Hyperliquid, Polymarket, and Robinhood choose to build their own chains, the demand for full-stack blockchain infrastructure among enterprises is accelerating.

[Celestia Acquires High-Performance Blockchain Framework Developer Sovereign Labs]On July 15, Celestia Labs announced the acquisition of high-performance blockchain framework developer Sovereign Labs. Since 2021, the latter has been deeply engaged in the Celestia ecosystem, with its framework providing underlying support for projects such as the cross-chain bridge Relay Protocol and the high-performance perpetual contract trading platform Bullet. Following this acquisition, Celestia Labs' technical capabilities will extend from Layer 1 to the execution and application layers, positioning it as a full-stack custom blockchain development partner for enterprises. As projects like Hyperliquid, Polymarket, and Robinhood choose to build their own chains, the demand for full-stack blockchain infrastructure among enterprises is accelerating.

Celestia Acquires High-Performance Blockchain Framework Developer Sovereign Labs

On July 15, during the Federal Reserve's semiannual monetary policy report hearing, when asked if he had spoken with Trump, Federal Reserve Chairman Waller stated, "No comment," and did not wish to share the content of their conversations. Waller indicated that President Trump did not attempt to influence the Fed's policy execution, and if Trump tried to influence policy, he would remain indifferent and focus on his own work. "I do not feel uncomfortable receiving a call from Trump or the chairman of the bank committee. The president has never asked me to do anything improper, and even if he did, I would not do it."

[Waller: I Would Not Act Improperly Even If Trump Asked Me To]On July 15, during the Federal Reserve's semiannual monetary policy report hearing, when asked if he had spoken with Trump, Federal Reserve Chairman Waller stated, "No comment," and did not wish to share the content of their conversations. Waller indicated that President Trump did not attempt to influence the Fed's policy execution, and if Trump tried to influence policy, he would remain indifferent and focus on his own work. "I do not feel uncomfortable receiving a call from Trump or the chairman of the bank committee. The president has never asked me to do anything improper, and even if he did, I would not do it."

Waller: I Would Not Act Improperly Even If Trump Asked Me To

On July 15, Aave V4 was deployed on the Avalanche network, marking the first multi-chain deployment of the Aave V4 Hub & Spoke architecture. This deployment includes a core liquidity hub and three sub-markets: the main market supports lending of assets such as WAVAX, BTC.b, USDC, USDT, and WETH.e; the AVAX-related market focuses on AVAX liquidity staking strategies, allowing users to deposit sAVAX with a 95% collateral rate and borrow WAVAX; the forex market supports mutual collateralization and lending among three stablecoins: EURC, USDC, and USDT. The core liquidity hub utilizes a shared liquidity pool design, allowing all sub-markets to share the same pool to avoid liquidity fragmentation. Aave stated that since its deployment on Avalanche in 2021, the historical cumulative inflow for V2 and V3 has exceeded $15 billion, and the utilization rate of stablecoins in the V3 market is currently over 90%.

[Aave V4 Deployed on Avalanche Network, First Multi-Chain Deployment of Hub & Spoke Architecture]On July 15, Aave V4 was deployed on the Avalanche network, marking the first multi-chain deployment of the Aave V4 Hub & Spoke architecture. This deployment includes a core liquidity hub and three sub-markets: the main market supports lending of assets such as WAVAX, BTC.b, USDC, USDT, and WETH.e; the AVAX-related market focuses on AVAX liquidity staking strategies, allowing users to deposit sAVAX with a 95% collateral rate and borrow WAVAX; the forex market supports mutual collateralization and lending among three stablecoins: EURC, USDC, and USDT. The core liquidity hub utilizes a shared liquidity pool design, allowing all sub-markets to share the same pool to avoid liquidity fragmentation. Aave stated that since its deployment on Avalanche in 2021, the historical cumulative inflow for V2 and V3 has exceeded $15 billion, and the utilization rate of stablecoins in the V3 market is currently over 90%.

Aave V4 Deployed on Avalanche Network, First Multi-Chain Deployment of Hub & Spoke Architecture

Market data shows that BTC has fallen below $67,000, currently priced at $66,980, with a 24-hour decline of 6.31%. The market is highly volatile, so please ensure proper risk management.

[BTC Falls Below $67,000]Market data shows that BTC has fallen below $67,000, currently priced at $66,980, with a 24-hour decline of 6.31%. The market is highly volatile, so please ensure proper risk management.

BTC Falls Below $67,000

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

Why Bitcoin miners are holding 1.19M BTC despite 10% mining stock losses

Bitcoin’s $64,000 Rebound Faces A Real Test As Sellers Wait Near $65,000

Despite $450 Million Increase in Cash, STRC Price Still Falls; It's Never Been About Money

Bitcoin banking adoption hits 32%, but ‘we’re still early,’ says Strategy’s Saylor

The Invisible Crypto Empire of Japan's Financial Giant SBI

Wall Street Unanimously Bullish: ASML's Capacity Surge, The 'Peak Theory' for Memory Can Be Put to Rest

BTC Falls Below $67,000

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