On July 14, 2026, staff from the US SEC's Special Working Group on Crypto Assets met with representatives from Hyperliquid Policy Center, Hyperliquid Labs, TradeXYZ, and others to discuss approaches to cryptocurrency regulation. Representatives from Hyperliquid Policy Center, Hyperliquid Labs, TradeXYZ, and the law firm Sullivan & Cromwell provided an overview of the Hyperliquid protocol, including its technology, market, and related ecosystem participants.

According to AXIOS: Three informed sources revealed that on Tuesday local time, U.S. President Trump held a meeting in the White House Situation Room to discuss a large-scale offensive against Iran; the scope of this operation will be broader than the current strikes around the Strait of Hormuz. Trump appears intent on escalating the conflict, aiming to inflict sufficient damage to compel the Iranian regime to open the Strait of Hormuz and accept his demands regarding nuclear issues. (Jinshi)

On July 15, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net inflow of $181.07 million yesterday.

Market data shows that BTC has surpassed $65,000, currently priced at $65,000, with a 24-hour increase of 4.49%. The market is highly volatile, so please ensure proper risk management.

The three major U.S. stock indexes opened mixed, with the Dow Jones Industrial Average down 0.25%, the S&P 500 up 0.13%, and the Nasdaq Composite up 0.49%. AI hardware stocks rallied across the board, with the storage sector leading gains. Among popular individual stocks, SanDisk rose 8%, TSMC rose 2.17%, SK Hynix rose 11.29%, Micron Technology rose 5.68%, Advanced Micro Devices rose 6.62%, and Intel rose 3.82%. IBM’s stock plummeted more than 22% after the company reported preliminary second-quarter sales below expectations, attributing the shortfall to customers shifting spending toward chips and servers.

Market data shows BTC has broken through $64,000, currently at $64,016. The 24-hour increase is 2.51%. Market volatility is high, please manage risks accordingly.

On July 14, Changxin Technology (688825.SH) announced that the company's initial public offering of shares will be listed on the STAR Market, with the issuance price set at 8.66 yuan per share. Investors are required to subscribe online and offline at this price on July 16, 2026 (T-day), without needing to pay subscription funds at the time of subscription. The offline subscription period is from 9:30 to 15:00, and the online subscription period is from 9:30 to 11:30 and 13:00 to 15:00. The initial number of shares issued is 668,808.8608 million shares, accounting for approximately 10.00% of the total share capital after issuance, and CICC is granted an over-allotment option of no more than 15.00% of the initial shares. The price-to-earnings ratio corresponding to the issuance price, based on the lower of diluted earnings per share after deducting non-recurring gains and losses for 2025, is 308.92 times (without exercising the over-allotment option), which is higher than the industry average P/E ratio of 76.32 times and the average P/E ratio of comparable companies of 134.62 times. The total estimated funds raised are approximately 57.919 billion yuan (before exercising the over-allotment option), and after deducting issuance expenses, the net amount is approximately 57.638 billion yuan.

On July 14, traders delayed their expectations of a Fed rate hike to October.

On July 14, spot gold broke through $4,100, rising 2.41% intraday. Spot silver's intraday gain expanded to 3%, quoted at $59.4 per ounce.

Fed Chair Warsh: The opportunities of AI pose challenges for policymakers. We are monitoring AI's impact on inflation and the labor market.