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On July 28, SK Hynix's (SKHY.O) American Depositary Receipts (ADR) fell to a new low since its listing on Monday. The stock had previously debuted on the U.S. market earlier this month with a fundraising scale of $26.5 billion, but as investors continued to withdraw from the overvalued semiconductor sector, its share price significantly declined. During the day, it plummeted by as much as 10% to $139.01, well below the issue price of $149, and ultimately closed at $143.02. With this, SK Hynix joins companies like SpaceX as one of the first to fall below their issue price among the largest IPOs in the U.S. this year. The semiconductor sector is under overall pressure, with the closely watched semiconductor index continuing its recent downward trend, closing at its lowest level since May 19. Meanwhile, the cost of default protection for corporate bonds issued by Nvidia (NVDA.O) has risen, as a new round of AI infrastructure deals could exceed $750 billion.

[SK Hynix Follows SpaceX in Post-IPO Decline]On July 28, SK Hynix's (SKHY.O) American Depositary Receipts (ADR) fell to a new low since its listing on Monday. The stock had previously debuted on the U.S. market earlier this month with a fundraising scale of $26.5 billion, but as investors continued to withdraw from the overvalued semiconductor sector, its share price significantly declined. During the day, it plummeted by as much as 10% to $139.01, well below the issue price of $149, and ultimately closed at $143.02. With this, SK Hynix joins companies like SpaceX as one of the first to fall below their issue price among the largest IPOs in the U.S. this year. The semiconductor sector is under overall pressure, with the closely watched semiconductor index continuing its recent downward trend, closing at its lowest level since May 19. Meanwhile, the cost of default protection for corporate bonds issued by Nvidia (NVDA.O) has risen, as a new round of AI infrastructure deals could exceed $750 billion.

SK Hynix Follows SpaceX in Post-IPO Decline

On July 28, the Chicago Mercantile Exchange Group (CME Group) announced the launch of cash-settled stock futures based on 55 U.S. stocks and micro contracts based on 22 stocks on July 27. This marks the exchange's entry into a market designed to allow investors to engage in leveraged long and short trading around the clock. These contracts can be traded on CME's Globex platform from Sunday evening to Friday afternoon, with a one-hour maintenance break each day, enabling investors to react to earnings reports and other market-moving events outside of regular U.S. stock market hours.

[CME Group Launches Stock Futures Allowing 23-Hour Trading for Stocks like SpaceX and Micron]On July 28, the Chicago Mercantile Exchange Group (CME Group) announced the launch of cash-settled stock futures based on 55 U.S. stocks and micro contracts based on 22 stocks on July 27. This marks the exchange's entry into a market designed to allow investors to engage in leveraged long and short trading around the clock. These contracts can be traded on CME's Globex platform from Sunday evening to Friday afternoon, with a one-hour maintenance break each day, enabling investors to react to earnings reports and other market-moving events outside of regular U.S. stock market hours.

CME Group Launches Stock Futures Allowing 23-Hour Trading for Stocks like SpaceX and Micron

On July 28, Apple was sued in the U.S. District Court for Northern California for allegedly failing to effectively prevent cryptocurrency scam applications in the App Store. Three users accused Apple of having a flawed security review mechanism that led them to download fraudulent cryptocurrency wallet applications, resulting in total losses exceeding $1.8 million. The lawsuit claims that the involved application impersonated the Bitcoin wallet 'Sparrow Wallet,' while the official Sparrow Bitcoin Wallet has not actually launched on the iOS platform. The three users suffered asset losses after transferring Bitcoin into the fraudulent application, with one user losing approximately $875,000, another losing about $840,000, and the third losing around $120,000. The plaintiffs argue that Apple has long promoted its strict App Store review process as a safety advantage, claiming that its closed ecosystem reduces the risks of malware and scams, and therefore should be held responsible for fraudulent applications on its platform. The lawsuit also cites public criticism from the founder of Sparrow Bitcoin Wallet, stating that Apple had previously allowed counterfeit applications to appear in the App Store. The three plaintiffs are seeking a jury trial, aiming to recover their losses and seek additional damages, while also requesting that Apple enhance risk warnings and security disclosures in the App Store. In response, Apple stated that impersonating other applications violates App Store rules, and the company promptly removes such applications, asserting that there are currently no impersonating applications for Sparrow Wallet in the App Store. Previous data released by Apple indicated that its review team rejected over 371,000 submissions related to impersonation, spam, or misleading users in 2025.

[Apple Sued Over Cryptocurrency Scam in App Store, Users Lose Over $1.8 Million]On July 28, Apple was sued in the U.S. District Court for Northern California for allegedly failing to effectively prevent cryptocurrency scam applications in the App Store. Three users accused Apple of having a flawed security review mechanism that led them to download fraudulent cryptocurrency wallet applications, resulting in total losses exceeding $1.8 million. The lawsuit claims that the involved application impersonated the Bitcoin wallet 'Sparrow Wallet,' while the official Sparrow Bitcoin Wallet has not actually launched on the iOS platform. The three users suffered asset losses after transferring Bitcoin into the fraudulent application, with one user losing approximately $875,000, another losing about $840,000, and the third losing around $120,000. The plaintiffs argue that Apple has long promoted its strict App Store review process as a safety advantage, claiming that its closed ecosystem reduces the risks of malware and scams, and therefore should be held responsible for fraudulent applications on its platform. The lawsuit also cites public criticism from the founder of Sparrow Bitcoin Wallet, stating that Apple had previously allowed counterfeit applications to appear in the App Store. The three plaintiffs are seeking a jury trial, aiming to recover their losses and seek additional damages, while also requesting that Apple enhance risk warnings and security disclosures in the App Store. In response, Apple stated that impersonating other applications violates App Store rules, and the company promptly removes such applications, asserting that there are currently no impersonating applications for Sparrow Wallet in the App Store. Previous data released by Apple indicated that its review team rejected over 371,000 submissions related to impersonation, spam, or misleading users in 2025.

Apple Sued Over Cryptocurrency Scam in App Store, Users Lose Over $1.8 Million

On July 28, the onshore yuan against the US dollar (CNY) closed at 6.7625 at 03:00 Beijing time, an increase of 77 points compared to last Friday's night session. The trading volume was 29.356 billion USD.

[Onshore Yuan Rises 77 Points Against US Dollar Compared to Last Friday's Night Session]On July 28, the onshore yuan against the US dollar (CNY) closed at 6.7625 at 03:00 Beijing time, an increase of 77 points compared to last Friday's night session. The trading volume was 29.356 billion USD.

Onshore Yuan Rises 77 Points Against US Dollar Compared to Last Friday's Night Session

On July 28, Wall Street investment bank TD Cowen lowered the target price for Bitcoin treasury company Nakamoto Inc. (NASDAQ: NAKA), reducing the split-adjusted target from $40 to $17, a decrease of 58%, while still maintaining a 'Buy' rating. TD Cowen analysts stated that this adjustment is primarily due to the pressure that the decline in Bitcoin prices has placed on Nakamoto's highly leveraged capital structure. Although the new target price implies an upside of approximately 275% from the current stock price of $4.65, the company's stock is highly sensitive to fluctuations in Bitcoin prices. TD Cowen expects Bitcoin to rebound to $100,000 by the end of 2026, which is about 25% lower than the historical high of $126,000 set last October. Furthermore, the firm anticipates that Nakamoto will pause further Bitcoin purchases before 2027. Analysts noted that Nakamoto's core value still derives from its Bitcoin holdings, with the company currently holding 4,467 BTC valued at approximately $290 million, ranking 22nd among publicly traded companies in terms of Bitcoin holdings. However, the company's debt and preferred stock financing structure have also compressed the asset value available to common shareholders. Recently, Nakamoto has completed several financial adjustments, including repaying approximately $45 million in debt, extending the maturity of $105 million in principal to June 2027, reducing financing costs, and approving a $25 million stock buyback plan. Additionally, the company has closed its previously operated medical clinic business and will focus on Bitcoin media, asset management, and consulting services in the future. Data shows that NAKA's stock price has fallen over 71% this year, while Bitcoin has declined about 26% during the same period. Market attention is shifting from 'continuously buying BTC' to the asset-liability structure and financing capabilities of Bitcoin treasury companies.

[TD Cowen Cuts Nakamoto Target Price by 58% Amid Bitcoin Pullback, Maintains 'Buy' Rating]On July 28, Wall Street investment bank TD Cowen lowered the target price for Bitcoin treasury company Nakamoto Inc. (NASDAQ: NAKA), reducing the split-adjusted target from $40 to $17, a decrease of 58%, while still maintaining a 'Buy' rating. TD Cowen analysts stated that this adjustment is primarily due to the pressure that the decline in Bitcoin prices has placed on Nakamoto's highly leveraged capital structure. Although the new target price implies an upside of approximately 275% from the current stock price of $4.65, the company's stock is highly sensitive to fluctuations in Bitcoin prices. TD Cowen expects Bitcoin to rebound to $100,000 by the end of 2026, which is about 25% lower than the historical high of $126,000 set last October. Furthermore, the firm anticipates that Nakamoto will pause further Bitcoin purchases before 2027. Analysts noted that Nakamoto's core value still derives from its Bitcoin holdings, with the company currently holding 4,467 BTC valued at approximately $290 million, ranking 22nd among publicly traded companies in terms of Bitcoin holdings. However, the company's debt and preferred stock financing structure have also compressed the asset value available to common shareholders. Recently, Nakamoto has completed several financial adjustments, including repaying approximately $45 million in debt, extending the maturity of $105 million in principal to June 2027, reducing financing costs, and approving a $25 million stock buyback plan. Additionally, the company has closed its previously operated medical clinic business and will focus on Bitcoin media, asset management, and consulting services in the future. Data shows that NAKA's stock price has fallen over 71% this year, while Bitcoin has declined about 26% during the same period. Market attention is shifting from 'continuously buying BTC' to the asset-liability structure and financing capabilities of Bitcoin treasury companies.

TD Cowen Cuts Nakamoto Target Price by 58% Amid Bitcoin Pullback, Maintains 'Buy' Rating

On July 28, Dutch crypto finance protocol Tori Finance announced that its institutional-level Delta neutral yield product, strUSD, has successfully raised a pre-launch amount of $50 million in just 7 days. Tori stated that strUSD offers an annual percentage yield (APY) of approximately 12%, with returns derived from global interest rate arbitrage strategies traditionally employed by financial institutions, rather than from the circulation of funds in the crypto market. This strategy achieves low correlation with crypto market cycles by borrowing in low-interest currencies, investing in high-interest markets, and utilizing foreign exchange hedging to lock in dollar returns. Tori's founder, Samed Duzcay, noted that such trades have primarily been participated in by large institutions like pension funds and banks, typically requiring a capital threshold of tens of millions of dollars and involving complex processes including local bank accounts, custody, taxation, and compliance approvals. Tori aims to democratize these institutional strategies for regular users through on-chain tokenization. Users can deposit USDC or USDT to obtain the synthetic dollar asset trUSD and stake to earn strUSD. This asset is based on the ERC-20 standard and can be integrated with DeFi protocols such as Morpho, Pendle, and Curve, and can also be used as collateral for lending to further amplify returns. Tori claims that the protocol constructs an on-chain balance sheet using zero-knowledge proofs and trusted execution environments, with real-time audits of off-chain funds conducted by independent verification agency Accountable. Additionally, digital asset investment firm RockawayX serves as the risk management party and anchor liquidity provider. Furthermore, Tori's smart contracts have been audited by Sherlock and Nethermind, and Hypernative has been introduced for round-the-clock security monitoring, with all contract upgrades set to a 24-hour delay mechanism. Tori aims to integrate decades-old neutral yield strategies used by traditional financial institutions into the on-chain financial system, promoting the fusion of real yield with DeFi infrastructure.

[Tori Raises $50 Million in 7 Days Before Launching Institutional-Level Arbitrage Strategy on Chain]On July 28, Dutch crypto finance protocol Tori Finance announced that its institutional-level Delta neutral yield product, strUSD, has successfully raised a pre-launch amount of $50 million in just 7 days. Tori stated that strUSD offers an annual percentage yield (APY) of approximately 12%, with returns derived from global interest rate arbitrage strategies traditionally employed by financial institutions, rather than from the circulation of funds in the crypto market. This strategy achieves low correlation with crypto market cycles by borrowing in low-interest currencies, investing in high-interest markets, and utilizing foreign exchange hedging to lock in dollar returns. Tori's founder, Samed Duzcay, noted that such trades have primarily been participated in by large institutions like pension funds and banks, typically requiring a capital threshold of tens of millions of dollars and involving complex processes including local bank accounts, custody, taxation, and compliance approvals. Tori aims to democratize these institutional strategies for regular users through on-chain tokenization. Users can deposit USDC or USDT to obtain the synthetic dollar asset trUSD and stake to earn strUSD. This asset is based on the ERC-20 standard and can be integrated with DeFi protocols such as Morpho, Pendle, and Curve, and can also be used as collateral for lending to further amplify returns. Tori claims that the protocol constructs an on-chain balance sheet using zero-knowledge proofs and trusted execution environments, with real-time audits of off-chain funds conducted by independent verification agency Accountable. Additionally, digital asset investment firm RockawayX serves as the risk management party and anchor liquidity provider. Furthermore, Tori's smart contracts have been audited by Sherlock and Nethermind, and Hypernative has been introduced for round-the-clock security monitoring, with all contract upgrades set to a 24-hour delay mechanism. Tori aims to integrate decades-old neutral yield strategies used by traditional financial institutions into the on-chain financial system, promoting the fusion of real yield with DeFi infrastructure.

Tori Raises $50 Million in 7 Days Before Launching Institutional-Level Arbitrage Strategy on Chain

On July 28, it is projected that the number of software security vulnerabilities found in popular tech products in 2026 will reach approximately twice the number discovered in 2025, primarily due to the continuous enhancement of artificial intelligence systems. The US National Vulnerability Database shows that from January to this past Monday, a total of 45,207 vulnerabilities have been recorded, nearing the total for the entire year of 2025. Last year, the number of vulnerabilities recorded in this database reached a historic high. Oracle (ORCL.N) reported that its monthly software updates in July fixed 1,449 security vulnerabilities, setting a new record; in contrast, the updates during the same period last year included only 309 fixes. Microsoft (MSFT.O) disclosed 642 security vulnerabilities in July, also a historic high, nearly five times the number from the same period last year. Google (GOOG.O) discovered and fixed 433 such vulnerabilities in its latest Chrome browser update, compared to just 11 in a similar update a year ago. Gabriel Shapiro, an outstanding AI research scientist at cybersecurity company SentinelOne, stated, 'We must face the fact that these tools are enhancing people's ability to discover software vulnerabilities.' Doug Turner, engineering director for Google Chrome, noted that vulnerabilities are being discovered at 'an unprecedented scale and speed' thanks to advancements in AI models and corresponding investments.

[US Agency: Number of Cybersecurity Vulnerabilities Discovered by AI This Year Will Double Last Year's Total]On July 28, it is projected that the number of software security vulnerabilities found in popular tech products in 2026 will reach approximately twice the number discovered in 2025, primarily due to the continuous enhancement of artificial intelligence systems. The US National Vulnerability Database shows that from January to this past Monday, a total of 45,207 vulnerabilities have been recorded, nearing the total for the entire year of 2025. Last year, the number of vulnerabilities recorded in this database reached a historic high. Oracle (ORCL.N) reported that its monthly software updates in July fixed 1,449 security vulnerabilities, setting a new record; in contrast, the updates during the same period last year included only 309 fixes. Microsoft (MSFT.O) disclosed 642 security vulnerabilities in July, also a historic high, nearly five times the number from the same period last year. Google (GOOG.O) discovered and fixed 433 such vulnerabilities in its latest Chrome browser update, compared to just 11 in a similar update a year ago. Gabriel Shapiro, an outstanding AI research scientist at cybersecurity company SentinelOne, stated, 'We must face the fact that these tools are enhancing people's ability to discover software vulnerabilities.' Doug Turner, engineering director for Google Chrome, noted that vulnerabilities are being discovered at 'an unprecedented scale and speed' thanks to advancements in AI models and corresponding investments.

US Agency: Number of Cybersecurity Vulnerabilities Discovered by AI This Year Will Double Last Year's Total

On July 28, Wall Street investment bank TD Cowen lowered its price target for Bitcoin treasury company Nakamoto Inc. (NASDAQ: NAKA), reducing the stock-split-adjusted target from $40 to $17, a decrease of 58%, while still maintaining a 'Buy' rating. TD Cowen analysts stated that the adjustment is primarily due to pressure from Bitcoin's price decline on Nakamoto's highly leveraged capital structure. Although the new target price still implies an upside of approximately 275% from the current stock price of $4.65, the company's shares are highly sensitive to Bitcoin price fluctuations.

[TD Cowen Cuts Nakamoto Price Target by 58%, Maintains 'Buy' Rating]On July 28, Wall Street investment bank TD Cowen lowered its price target for Bitcoin treasury company Nakamoto Inc. (NASDAQ: NAKA), reducing the stock-split-adjusted target from $40 to $17, a decrease of 58%, while still maintaining a 'Buy' rating. TD Cowen analysts stated that the adjustment is primarily due to pressure from Bitcoin's price decline on Nakamoto's highly leveraged capital structure. Although the new target price still implies an upside of approximately 275% from the current stock price of $4.65, the company's shares are highly sensitive to Bitcoin price fluctuations.

TD Cowen Cuts Nakamoto Price Target by 58%, Maintains 'Buy' Rating

On July 28, Microsoft AI launched MAI-Cyber-1-Flash, a new cybersecurity model independently developed by the company.

[Microsoft AI Launches MAI-Cyber-1-Flash]On July 28, Microsoft AI launched MAI-Cyber-1-Flash, a new cybersecurity model independently developed by the company.

Microsoft AI Launches MAI-Cyber-1-Flash

Watcher.Guru tweeted that The IRS has launched an operation targeting taxpayers who attempt to hide their crypto income.

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【The IRS launches an operation targeting taxpayers who attempt to hide crypto income】Watcher.Guru tweeted that The IRS has launched an operation targeting taxpayers who attempt to hide their crypto income.

The IRS launches an operation targeting taxpayers who attempt to hide crypto income

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The IRS launches an operation targeting taxpayers who attempt to hide crypto income

Isenção de responsabilidade：O conteúdo acima não representa as posições da HTX.，A HTX não faz quaisquer recomendações de negociação.。

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