According to Jin10, Mizuho Bank has lowered its price target for Microsoft (MSFT.O) to $490 from $515.

DeepSeek's first round of financing has been officially completed. According to ChainCatcher, business registration data shows that DeepSeek's affiliated entity, Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd., recently underwent business changes, adding Hangzhou Chengli Enterprise Management Consulting Partnership and the National Artificial Intelligence Industry Investment Fund Partnership as shareholders. The registered capital has been increased to 16.45 million yuan.

Chinese broad-based exchange-traded funds (ETFs) recorded net inflows of 55.511 billion yuan ($7.7 billion) on July 13 and 14, according to Jiemian News, citing Wind data. Among them, the CSI 1000 ETF saw the largest net inflow of 15.046 billion yuan, followed by the CSI 300 ETF with 12.237 billion yuan and the CSI 500 ETF with 10.331 billion yuan. On July 13 alone, 58.313 billion yuan flowed into broad-based ETFs, with the Southern CSI 500 ETF (510500.SH) leading at 6.004 billion yuan. The inflows come as 1,558 A-share companies have released first-half 2026 earnings forecasts, with 682 expecting positive results and 23 projecting net profit growth of over 10 times. Founder Securities forecast that non-financial A-share companies' net profit in the first half of 2026 will grow 17.8% year-on-year, driven by global AI technology demand.

Shares of Chinese memory chip maker Demingli (001309.SZ) hit the daily limit down on July 15, closing at 662.40 yuan per share, with total turnover of 1.756 billion yuan and a peak sell order of 6.7 billion yuan, according to Jiemian News. The stock's market capitalization fell to 150.3 billion yuan. The plunge came a day after the company released its first-half 2026 earnings forecast. Demingli expects H1 2026 revenue of 16 billion to 18 billion yuan, up 289.39% to 338.06% year-on-year, and net profit attributable to shareholders of 5.7 billion to 6.5 billion yuan, a surge of 4,932.74% to 5,611.02% from a loss of 118 million yuan in the same period last year. However, Q2 standalone net profit of 2.354 billion to 3.154 billion yuan represents a sequential decline of 5.74% to 29.65% from Q1's 3.346 billion yuan. The company attributed the strong year-on-year growth to AI-driven storage demand, tight supply, and rising memory prices. Demingli also noted it launched a self-developed PCIe/SATA dual-mode enterprise SSD controller chip and began mass production of multiple QLC-based embedded storage products. The stock has surged over 185% year-to-date and 686% over the past 250 trading days. On the same day, other A-share memory concept stocks also fell sharply, with Biwin Storage (688525.SH) down 15% and several others hitting limit down.

A trader turned a $10.8 million loss into over $8 million in profit within two weeks. According to NS3.AI, the trader placed an $11.3 million bet on Spain versus France yesterday and made $9.9 million in profit.

According to NS3.AI, Changxin Memory Technologies disclosed details of its employee stock ownership plans, covering 3,596 participants in the first phase and 3,164 in the second phase. The first phase had a grant price of 1.05 RMB per registered capital share, while the second phase had a grant price of 0.108 RMB per registered capital share.

International hotel groups including Marriott, Hilton, and IHG are facing member backlash this summer as loyalty points lose value amid a shift to dynamic pricing, according to Jiemian News. Marriott points have fallen from an average of 400 yuan per 10,000 points to around 300 yuan, a decline of 25%-30%, with some members reporting a 15%-20% average increase in points required for redemptions. In Chengdu, Hilton Honors points are now worth about 200 yuan per 10,000 points for August stays, while IHG's local hotels still offer over 400 yuan per 10,000 points. Marriott told Jiemian on July 14 that its flexible redemption policy adjusts based on market demand, occupancy, and operational factors. All three groups confirmed to Jiemian that points needed vary by property and season. The devaluation stems from a broader move to market-based pricing, adopted after 2019, replacing fixed redemption tables. The shift is also driven by the groups' asset-light models: as of end-2025, Marriott, IHG, and Hilton had 99.5%, 99.5%, and 100% asset-light ratios respectively, according to annual reports. Hilton noted the model boosts profit growth. Under franchise or management agreements, owners bear redemption costs but receive compensation below online travel agency rates, creating tension. Xia Zifan, chief consultant for Asia-Pacific at Lausanne Hospitality Consulting, told Jiemian that groups profit from loyalty programs without sharing revenue with owners, leaving higher redemption thresholds as the main lever. Membership has surged: Marriott Bonvoy had over 271 million members, Hilton Honors over 251 million, and IHG One Rewards over 160 million as of Q1 2026. A Jiemian survey of 86 consumers found 57% would consider switching brands if points continue to devalue, while 43% would stay due to service quality.

코인베이스(Coinbase)의 브라이언 암스트롱 CEO는 회사가 콘텐츠 코인에 주력하고 암호화폐 소셜 앱 ‘조라(Zora)’를 홍보한 뒤, 이후 AI 제품으로 방향을 전환한 것이 실수였다고 놀랍게도 인정했다.

서클은 시장 조작 의혹을 이유로 테더가 지원하는 헤카 펀드를 자사의 USDC 플랫폼에서 차단한 후 중재 소송에서 승소했으며, 4,900만 달러의 손해배상 청구 지급을 면했다. 이번 판결은 또한 헤카 측에 약 16만 6천 달러의 소송 비용을 부담하도록 명령했으며, 이 분쟁은 2026년 7월 법원 제출 서류를 통해 공개되었다.

L2 네트워크와 관련하여, Robinhood Chain은 이더리움에 환원하는 가치가 미미하다는 사실을 다시 한번 입증했다.

스트라이프(Stripe)와 어드벤트 인터내셔널(Advent International)은 530억 달러 이상의 금액으로 페이팔(PayPal)을 인수하겠다고 제안했으며, 500억 달러 규모의 자금 조달을 바탕으로 주당 60.50달러를 제시했다. 이 제안이 받아들여지면 양사가 페이팔을 공동 소유하게 되지만, 인수가 실제로 성사될 것이라는 보장은 없다.

왜 토큰화된 주식(밈 코인이 아닌)이 로빈후드가 2030년에 100억 달러 이상의 매출을 달성하는 데 도움이 될 것인가.

보도에 따르면 스트라이프(Stripe)와 사모펀드 회사 어드벤트 인터내셔널(Advent International)이 530억 달러 규모의 거래로 페이팔 홀딩스(PayPal Holdings)를 인수하겠다고 제안한 것으로 알려졌다. 이는 디지털 금융 분야 전반에 걸쳐 경쟁이 심화되는 가운데, 결제 업계의 두 대형 스테이블코인 사업을 하나로 통합하는 계기가 될 전망이다.

창신 스토리지(Changxin Storage)는 어떤 회사인가? CMXT의 프리미엄 수준이 스페이스X(SpaceX)보다 훨씬 더 높은 이유는 무엇인가? 6배가 넘는 프리미엄은 합리적인가?

7월 14일, 코인베이스(Coinbase)는 중국 본토 거주자에 대한 실명 인증 규정을 실질적으로 완화했다.

2026년 5월, 스테이블코인의 총 시가총액이 3,200억 달러를 돌파했다. USDC의 유통량은 781억 달러까지 치솟으며, IPO 이전보다 한 단계 더 도약했다.

딥시크(DeepSeek)는 2026년 말이나 2027년 초에 중국 본토에서 기업공개(IPO)를 신청할 수 있도록 준비를 시작했으며, 동시에 약 710억 달러의 기업 가치를 바탕으로 또 다른 자금 조달 라운드를 모색하고 있다.