Mainland China stocks fell across the board on Monday, pushing key benchmarks to three-month lows as escalating US-Iran tensions hurt risk appetite and sparked profit-taking, according to RTHK. In Hong Kong, the Hang Seng Index rose 38 points, or 0.2%, to 24,213 on turnover of HK$309.51 billion. The Hang Seng Tech Index fell 45 points, or 1%, to 4,676, while the China Enterprises Index gained 26 points, or 0.3%, to 8,065. On the mainland, the Shanghai Composite Index dropped 82 points, or 2.06%, to 3,913, its lowest level since April 7, on turnover of 1.335 trillion yuan. The CSI300 fell 1.8%. The Shenzhen Component Index slid 523 points, or 3.48%, to 14,522 on turnover of 1.48 trillion yuan, and the ChiNext Index fell 119 points, or 3.1%, to 3,723 on turnover of 693 billion yuan. Sector losses were broad, with defence down 6.9%, rare earth down 6.7% and satellite down 7.6%. The CSI AI index fell 3% and the CSI Semiconductors Index dropped nearly 4%. The CSI 2000 Index fell 5.7%, its biggest single-day drop since April 2025. Banks, energy and consumer staples rose 0.2% to 1.7%. Nanhua Futures said weak domestic demand and profit-taking could keep the market range-bound, adding that blue chips may retain a relative advantage while small- and mid-caps could face further valuation adjustments. Investors are awaiting trade data and second-quarter mainland GDP this week. A survey of 20 economists forecast China’s June exports rose 18.2% year-on-year in dollar terms, cooling from 19.4% in May. In Tokyo, the Nikkei fell 1,315 points, or 1.92%, to 67,242, while the Topix lost 28 points, or 0.71%, to 4,007. In Seoul, SK Hynix shares fell more than 15%, sending the Kospi down 669 points, or 8.95%, to 6,806 and triggering a 20-minute trading halt.

Abu Dhabi National Oil Co. will sell offshore crude oil for collection outside the Strait of Hormuz at levels indexed to the Dubai benchmark, according to Bloomberg, citing a price sheet it reviewed.

FTX creditor representative Sunil said the next fund distribution is expected on July 31 and could total about $600 million. According to NS3.AI, participation in the distribution process remains restricted in 45 jurisdictions. Sunil listed China, Egypt, and Russia among the jurisdictions where participation is still limited.

Industry insiders in South Korea expect the country’s domestic energy storage system (ESS) market to surpass 40 trillion KRW as electricity demand grows from expanding semiconductor complexes. According to NS3.AI, South Korea’s Ministry of Climate, Energy and Environment has started drafting an early power supply plan for a new semiconductor industrial complex in the Honam region. Separately, the 11th Basic Plan estimated that South Korea would need 21.75GW of long-duration energy storage systems by 2038.

Argentine President Javier Milei’s anti-corruption image, once a key advantage against the Peronist movement, is now becoming a vulnerability that is hurting his political brand and aiding opposition comeback plans, according to Bloomberg. The report said the shift is prompting Argentina to start looking for a “third way” as Milei’s aura fades.

Hong Kong market short-selling turnover rose 19.32% from the previous session to HK$59.235 billion, according to Ming Pao. Short-selling as a share of total market turnover increased to 19.13% from 14.61% a day earlier, marking the highest level since July 7, when it stood at 20.54%.

SpaceX said Starship is slated for its 13th test flight as early as Thursday at 6:45 p.m., with a 90-minute launch window, according to 36Kr. The company said the mission will focus on validating stage separation, engine performance, and controlled reentry capability, and will for the first time deploy 20 next-generation Starlink V3 satellites equipped with advanced laser links. Elon Musk previously said the flight is expected to generate key data to support a planned 14th test flight aimed at recovering the rocket at sea.

Iran's Foreign Ministry said Iran did not attack any country in the region and that its military strikes were aimed only at U.S. positions in response to U.S. attacks. According to Jin10, Tehran has repeatedly urged neighboring countries not to allow the United States or Israel to use their territory to launch attacks on Iran.

Industry insiders have pointed out that the Robinhood founder's linked wallet was stolen during a live stream. Followers believe this incident is inextricably linked to the surge in Memecoin's market value from $500,000 to $14 million. What is the truth behind this "theft"?

RWA, Robinhood, Robinhood. The grand RWA drama, which had been brewing for half a year, started with a cat. Golden Finance: The grand narrative is told to those far away, while the cold start is only told to the greedy.

US prosecutors have charged imprisoned fraudster Rossen G. Iossifov with allegedly moving about $290,000 in cryptocurrency that had already been seized by the government.

Apple has sued OpenAI, accusing the ChatGPT developer of using confidential Apple trade secrets to accelerate its push into AI hardware after recruiting hundreds of the iPhone maker's former employees.

Robinhood, DeFi, tokenized stocks, Ondo, public blockchain, the hottest new public blockchain of 2026. The market maker is a brokerage firm. Golden Finance reports that brokerage giants are vying for on-chain buying and depositing.

The exposure of a company during its most rapid growth years has now been quietly snatched up by private capital with ever-increasing book valuations. This article explores how tokenization of startups can bring these fragmented markets back to equilibrium, focusing on three key questions.

Coinbase and six other crypto exchanges worked with Singapore Police to prevent more than $4.2 million in scam losses, protecting over 145 potential victims. They used blockchain tracking and early intervention to stop suspicious crypto transfers before funds were lost.

The US Department of Justice is reportedly moving to dismiss charges against Matthew Goettsche, the founder of BitClub Network, in a dramatic reversal that could end one of the largest alleged crypto fraud prosecutions in US history.

South Korean brokerage KIS predicts SK Hynix's Q2 operating profit will reach 60.4 trillion won, a staggering 556% year-on-year increase, but still about 8% lower than the market consensus of 65 trillion won. The core reason is the high proportion of HBM revenue and the constraint of long-term contract prices, resulting in an ASP increase lower than the market average.

The real focus of continued observation is not whether these Meme coins can maintain their market capitalization, but whether the underlying infrastructure supporting this wave of speculative activity can retain the new users attracted by Meme coins after the market downturns.