On Jul 07, 2026, 11:47 AM(UTC). According to Binance Market Data, BNB has crossed the 580 USDT benchmark and is now trading at 580.039978 USDT, with a narrowed narrowed 0.12% decrease in 24 hours.

According to CNBC, Morgan Stanley initiated coverage of Kingsoft Cloud with an overweight rating and a $15 price target, implying 64% upside from Monday’s close, citing the company’s shift toward AI cloud, accelerating AI revenue and improving profitability supported by Xiaomi and Kingsoft Group. The bank said Kingsoft Cloud has shown pricing power amid a global chip shortage and could benefit from partnerships including an agreement to provide core infrastructure to Xiaomi’s AI ecosystem and smart home platforms. Shares were up 3% in premarket trading after the call; the stock is down nearly 12% year to date, and all 11 analysts tracked by LSEG rate it buy or strong buy.

A roadshow presentation for SK Hynix’s planned U.S. listing has been disclosed, showing that Baillie Gifford Overseas Limited, Coatue Management, and Situational Awareness Partners have each separately expressed interest in subscribing to American depositary shares (ADS) in the offering for up to $7 billion at the IPO price. According to Odaily, the disclosed materials say SK Hynix is pursuing the listing to seek a valuation re-rating and expand capital. The presentation states that SK Hynix has long faced a valuation discount and is trading at a forward 12-month price-to-earnings multiple of 6.2, compared with Micron Technology’s 7. It also cites a forward price-to-sales multiple of 3.6, versus Micron’s 4.6. The materials attribute the valuation gap to obstacles for U.S. investors to directly invest in South Korean stocks. The disclosure also says proceeds raised will be used for capacity expansion in South Korea, including capital expenditures of 33.1 trillion won and purchases of EUV lithography machines totaling 8.66 trillion won.

Canaan said its American depositary shares (ADS) have transferred their listing from the Nasdaq Global Market to the Nasdaq Capital Market, with the ticker symbol CAN unchanged. According to Odaily, the company said the move will not affect normal trading. Canaan also said it received a Nasdaq notice on January 14, 2026, after its ADS closing price remained below $1 for 30 consecutive trading days. The original compliance deadline was July 13. After the transfer, Canaan said it applied on July 6 for an additional 180-day compliance grace period. If approved, the company would have more time to regain compliance by maintaining an ADS closing price of at least $1 for a minimum of 10 consecutive trading days within the applicable period.

Geothermal startup Quaise Energy raised $144 million to develop technology for drilling superhot rocks, according to Bloomberg.

SlowMist reported 182 blockchain security incidents and approximately $956 million in losses in the first half of the year. According to NS3.AI, the firm said total losses declined from $2.373 billion in the same period last year. SlowMist added that DeFi-related incidents accounted for about $490 million of the losses during the period.

Chinese artificial intelligence startup DeepSeek is developing its own chip to help power AI systems, according to Bloomberg, citing a Reuters report that referenced unnamed sources.

Hybrid warfare is an emerging threat to Europe’s underwater cables and energy links, according to Bloomberg, citing comments from the chief executive officer of Italian shipbuilder Fincantieri SpA.

The overall market performance of the crypto ecosystem is dictated by Bitcoin: when Bitcoin rises, the market rises as well, and when Bitcoin falls, the market falls as well.

Regardless of whether OpenUSD ultimately succeeds, it has already rewritten the way questions are asked in the stablecoin industry.

The opening performance of KOSPI is not only a basis for regional allocation, but also an important signal for adjusting US stock futures positions and hedging risk exposure.

Yield Guild Games is shutting down its crypto game publishing business and laying off 35 employees as it pivots away from Web3 gaming to focus on supplying data for artificial intelligence models.

Yield Guild Games is shutting down YGG Play and cutting 35 jobs after weak crypto and gaming markets made the business unsustainable. The company will close its games and platform by 1 August as it shifts its focus to AI training data.

Is Trump's rise to power a good thing or a bad thing for the crypto industry?

This world's largest Bitcoin Pixiu is bidding farewell to the era of "only buying and never selling" and shifting to a defensive phase that prioritizes cash flow and liquidity.

Hackers are hijacking real Discord accounts to spread fake MrBeast giveaways and cryptocurrency scams. The same tactic is spreading on Threads, using fake MrBeast posts to lure victims to scam websites.

Behind Shiv and Priyanka lies an unprecedented national-level short-selling crackdown, targeting a country called India.

Michael Saylor’s Strategy has carried out its largest-ever Bitcoin sale, offloading 3,588 BTC worth approximately $216 million to fund preferred stock dividend payments while marking a notable departure from the company’s long-standing commitment to never sell its holdings.