On July 30, Citi economists Andrew Hollenhorst and Veronica Clark wrote in a note to clients that after officials held interest rates steady on Wednesday, Citi still maintains its forecast that the Federal Reserve will cut rates later this year. Citi still expects the unemployment rate to rise in the coming months, prompting the Fed to cut rates in October, December, and January.
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Citi Maintains Rate Cut Forecast After Fed Holds Steady
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U.S. Listed Companies Hold 1.24 Million BTC, Accounting for 92.7% of Global Corporate Bitcoin Holdings
On July 31, according to unfolded., U.S. listed companies currently hold a total of 1.24 million BTC, accounting for 92.7% of the global total held by listed companies. Over the past 12 months, U.S. listed companies have accumulated an additional 510,000 BTC, a figure more than three times the amount of newly mined Bitcoin during the same period. -
BTC Breaks Through $65,000
Market data shows that BTC has broken through $65,000, currently reporting at $65,005.98, with a 24-hour increase of 1.89%. Market volatility is significant; please manage risks accordingly. -
South Korean Stocks Surge 14% in Record Intraday Gain
On July 31, South Korean stocks rallied on Friday, rebounding from a sharp decline in previous days, as spending plans by major tech companies reignited investor optimism about the artificial intelligence trade frenzy. The benchmark KOSPI index surged up to 14%, marking the largest single-day intraday gain in history. Foreign media analysis attributed the surge to SK Group Chairman Chey Tae-won's rare direct purchase of the company's shares, which sent SK Hynix shares soaring as much as 28% in early trading; memory chip peer Samsung Electronics also rose 26%. The KOSPI index had plunged a cumulative 17% over the previous three trading sessions, mainly due to concerns over rising debt levels among global big tech companies. The sharp rally driven by AI this year has become increasingly volatile since the introduction of leveraged products in May. "The recent accelerated sell-off in AI tech driven by deleveraging, de-risking, position closures, and other liquidity factors may be stabilizing," said Shawn Oh, head of Korean spot equities at NH Investment Securities. Meanwhile, Japanese stocks were also boosted, with the Nikkei 225 index rising 4% in early trading, breaking above 64,000 points. (Jin Shi) -
Hamas Says Agreement with Israel Reached
July 31, according to Saudi Arabia's Al Arabiya TV on July 31 citing a Palestinian Islamic Resistance Movement (Hamas) official, an agreement with Israel has been reached, and Hamas will soon release an official statement. (Xinhua) -
He Lifeng Holds Video Call with US Treasury Secretary Bessent and Trade Representative Greer
On July 30, at 8:00 PM Beijing time, He Lifeng, Chinese lead for China-US economic and trade affairs and Vice Premier of the State Council, held a video call with his US counterparts, Treasury Secretary Bessent and Trade Representative Greer. The two sides engaged in candid, in-depth, and constructive exchanges on implementing the important consensus reached during the meeting between the two heads of state in Beijing, maintaining stable economic and trade relations, expanding practical cooperation, and properly addressing each other's concerns. The Chinese side expressed serious concerns over recent US economic and trade restrictions against China. Both sides agreed to further leverage the role of the China-US economic and trade consultation mechanism under the strategic guidance of the two heads of state, enhance communication, build trust, expand cooperation, and promote stable and positive development of bilateral economic and trade relations, contributing to the construction of a constructive and strategically stable relationship between China and the US. (Xinhua) -
Meta's Future Data Center Lease Commitments Surge to $279 Billion, Fully Betting on AI Computing Infrastructure
On July 29, U.S. tech giant Meta Platforms Inc. (META) disclosed in its latest regulatory filing that to support its rapid expansion in the artificial intelligence (AI) field, the company's future data center lease commitments have surged significantly. As of June 30, Meta's total unfulfilled lease commitments reached $279 billion, a sharp 53% increase from $183 billion in the previous quarter, indicating a marked acceleration in its investment pace in AI infrastructure. Meta noted in the filing that these future expenditures, not yet reflected on the balance sheet, primarily involve the construction and operation of data centers, hosting facilities, and specific network infrastructure. In July alone, Meta added as much as $68 billion in new lease commitments, with these contracts expected to begin execution in 2027 and 2028. Behind this massive lease commitment is Meta's 'arms race' to seize the AI track. With the explosive growth in computing power demand for AI model training and inference, global tech giants are locking in data center resources at an unprecedented scale. Data shows that leading companies including Meta, Microsoft, Amazon, and Oracle now have a combined total of over $850 billion in future data center lease commitments to fulfill. -
Largest On-Chain CXMT Short Seller Adds to Position, Reaching $22.26 Million
On July 30, according to EmberCN monitoring, as the storage sector surged in a counterattack tonight, the largest on-chain short seller of CXMT (ChangXin Memory Technologies) continued to add to its short position. It opened a short position the day before CXMT's IPO and has been adding to it multiple times. Currently, it holds short positions worth $22.26 million in CXMT, with an unrealized loss of up to $4.06 million. -
NYSE Parent Intercontinental Exchange Agrees to Acquire MarketAxess for About $6 Billion
On July 30, the parent company of the New York Stock Exchange, Intercontinental Exchange, agreed to acquire MarketAxess Holdings Inc. for about $6 billion in cash, bringing one of the world's largest fixed-income trading platforms under its trading platform system. According to a statement released on Thursday, Intercontinental Exchange will acquire all outstanding shares of MarketAxess at $167 per share, a 33% premium over the latter's closing price on Wednesday. Intercontinental Exchange shares rose 0.8% to $155.46; MarketAxess shares surged 30% to $163.24, marking the biggest intraday gain since 2008. -
Philadelphia Semiconductor Index Surges 9%, with at Least 9 Stocks Gaining Over 10%
On July 30, the U.S. semiconductor sector saw further expansion, with the Philadelphia Semiconductor Index rising 9.01%. NVIDIA rose 3.76%, TSMC rose 8.36%, Broadcom rose 4.62%, SK Hynix rose 16.80%, Micron Technology rose 16.56%, Advanced Micro Devices rose 15.79%, Intel rose 14.47%, ASML rose 7.98%, Lam Research rose 23.42%, Arm Holdings rose 7.61%, SanDisk rose 24.06%, Marvell Technology rose 12.69%, Western Digital rose 18.15%, and Seagate Technology rose 16.06%. Qualcomm fell 2.92% due to weak earnings.
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