Crypto KOL Community & Market Trends

A month hits $3.86 billion! Real stocks on-chain—this time it’s not just hype

In June, on-chain tokenized stock trading volume reached $3.86 billion.

A 145% month-over-month increase.

What concept? At this time last year, this track barely existed. In a year, it went from zero to nearly $4 billion in a single month.

The fiercest part is this: Solana alone took 97% of the market share.

You read that right—97%.

This is not a “concept.” It’s a de facto monopoly.

The other half of the story is a bit painful.

On July 7, SpaceX was officially added to the Nasdaq 100 index, becoming the index’s first aerospace company. JPMorgan estimates that the ETFs and index funds tracking the Nasdaq 100 total over $8000 billion, and the index rebalancing will trigger forced buying of about $43 billion in passive capital.

The fastest inclusion record in history.

On the same day, the stock price fell by nearly 7%, hitting a new all-time low since going public.

Why? Because SPCX had already been traded on-chain in June ahead of time for $1.19 billion. The good news is priced in—then the bag-holders step in. The script is old beyond words, but it still manages to harvest another batch of people every time.

What’s the most “juicy” operation with tokenized stocks?

It’s not buying to wait for the price to rise. It’s holding SPCX spot on-chain while simultaneously shorting the corresponding perpetual contract—earning delta-neutral returns, and also picking up DEX platform points along the way.

No matter whether the market goes up or down, you can still earn. Traditional stock investors are still waiting for T+2 settlement, but on-chain players have already turned the same stock into something far more elaborate.

Is this the real starting point of the RWA track, or just another wave of hype?

I think: it’s a starting point, not an endpoint.

There are three reasons:

First, the scale is still in its infancy.

The total market cap of the entire tokenized stocks sector is $1530 million. Meanwhile, total assets in the RWA track are about $3170 million. Compared with traditional stock markets, it doesn’t even amount to a fraction.

Second, infrastructure is being deployed at a dense pace.

DTCC has announced it will launch securities tokenization pilots in July 2026 and go live officially in October 2026, covering Russell 1000 constituent stocks, high-trading-volume ETFs, and U.S. Treasuries. More than 50 institutions have already joined the industry working group.

Third, the logic of the track has shifted from “trading narratives” to “making cash flow.”

The most core value of RWA is that it shifts the value anchor of tokens from “consensus narratives” to “cash flow from underlying assets,” driving the industry to transition from a “speculation market” to a “value market.”

Previously, when you bought coins, you were betting that someone else would buy them at a higher price. Now, when you buy tokenized stocks, behind it are the real performance of Apple, Tesla, and Nvidia.

But don’t charge in blindly either.

The bottleneck for tokenized stocks isn’t on-chain performance—Solana can process $644 million in transactions per day. The bottleneck is whether they can truly procure and redeem the underlying shares.

The teams that can handle custody and spot sourcing are the key. Purely hype-based projects have no chance.

The tailwind of this track isn’t in individual stocks—it’s in the ecosystem. If you buy SPCX and get trapped, that’s your problem. But if you provide liquidity on Solana, do lending/borrowing, and play delta-neutral strategies—then the whole ecosystem expands, and you collect rent.

When Wall Street moves real stocks on-chain, you’re not trading coins—you’re entering the next generation of the financial market early. But remember: the early ones get the meat, the followers get the soup, and those who charge in with their eyes closed are always the ones left holding the bag.#GUSD年化升至3.8% #美终止对伊朗石油制裁豁免 #SK海力士ADR获超额认购 $BTC $SOL $SPCX

#SpaceX and Cursor's first jointly developed AI model is expected to be released as early as this week, targeting OpenAI GPT-5.5 and Anthropic Opus 4.8. SpaceX has acquired Cursor's parent company Anysphere for $60 billion and continues to ramp up investment in the AI tool space. From acquiring Cursor to launching its own model, SpaceX's strategy is expanding from simply building models to gradually forming a complete AI development ecosystem.

Congratulations to Argentina for the win, coming back from 2-0 down to win 3-2. I saw the game at 2-0 for Egypt and was about to stop watching, but then it was called off. Honestly, it didn't seem like much of a foul, and you probably thought there was an issue — it should have been called earlier. Why wait until a goal is scored to call it back via VAR? If no goal was scored, would it not count as a foul? Also, regarding the offside line drawing in this tournament, it's very slow. For offside line drawing, I think with current technology, it should be done in one second.

Bitcoin’s “electrical cost floor” is one of those charts that looks simple, but the signal is clear.
Price can get violent, narratives can flip, and leverage can reset fast but $BTC has historically respected production cost zones as deep-cycle support.
Current electrical cost: $49K.
For me, this is the level that matters more than noise.

Yesterday I went long on crude oil at 69.
The logic was sensing that the small frictions over the past few days might lead to a tug-of-war.
But I didn’t expect that the actions between the US and Iran would come that same night.
However, there are still opportunities ahead; oil prices won’t stay in the 6x range for long in the short term.
#OIL #WTI

Profits Surged 18x, Yet the Stock Crashed! Is the "Super Cycle" for Memory Chips Coming to an End?

Can you believe it?

Samsung Electronics just released a "god-tier" earnings report—

Q2 operating profit of 89.4 trillion Korean won, soaring 1,810% year-on-year, surpassing even Nvidia to become the world's most profitable company in a single quarter.

One quarter's profit exceeded the total profit of the three years from 2023 to 2025.

And then?

The stock plunged nearly 7% on the day, directly triggering a circuit breaker on the Korea KOSPI index.

SK Hynix fell over 6%, Micron fell 4.7%, SanDisk fell over 7%, Western Digital fell nearly 8%, and the Philadelphia Semiconductor Index plunged 4.65%.

Explosive earnings, but a stock market crash.

Global memory chip stocks were dragged down by Samsung's earnings report.

This isn't as simple as "buy the rumor, sell the news."

This time, the "sell the fact" is completely different from before.

In the past, stocks fell when earnings missed expectations. This time, earnings beat expectations, but "didn't beat them by enough."

The market had already priced in "perfection." Samsung's stock had risen about 150% year-to-date, and all the good news was already chewed up and swallowed.

When expectations run faster than reality, reality becomes a negative catalyst.

But what really caught my attention is something else—

Morgan Stanley directly told clients: "Sell chips, buy cloud."

Morgan Stanley's Chief US Equity Strategist Michael Wilson compared semiconductor stocks to silver—both have experienced parabolic rises, both have commodity-like attributes, and commodities rise sharply but also fall hard.

There's also a new variable most people are overlooking—

Apple is testing CXMT's DRAM chips.

CXMT is already the world's fourth-largest DRAM producer. Apple brought them in not to "support domestic production," but as a bargaining chip—to have an extra card when negotiating supply contracts with Samsung, SK Hynix, and Micron for the second half of 2026 through 2027.

This means the pricing power of the Big Three is being eroded.

If Apple can really use CXMT to force down prices, the price ceiling for memory chips could be much lower than anyone expects.

Is this wave of selling a periodic pullback, or a cyclical turning point?

My judgment: it's a bit of both, but the taste of a turning point is stronger.

In the short term, this is a healthy "profit-taking" and rotation of capital—what Morgan Stanley said about "sell chips, buy cloud" is happening. The capital expenditure growth rate of hyperscale cloud providers may be topping out, and funds are flowing from semiconductor stocks to cloud computing companies.

In the long term, Morgan Stanley is still bullish on memory, expecting earnings to grow another 35%-40% by 2027.

But the most succulent part of the "super cycle" has already been eaten.

Going forward, memory chips are no longer a sector where you can just buy blindly and lie back to make money. The pace of price increases is slowing, pricing power is being diluted, and capital is retreating.

One final sentence for all those still fantasizing that "memory will rise forever":

"Cycles don't disappear; they just find a new way to harvest those who believe they will never come again."#GUSD年化升至3.8% #美终止对伊朗石油制裁豁免 #SK海力士ADR获超额认购 $BTC $SAMSUNG $SKHY

The U.S. military has started fighting—yet Bitcoin hasn’t gone up?

Congratulations—you’ve uncovered the biggest cognitive trap of 2026.

This early morning, two major events happened at the same time.

The U.S. Central Command announced that it has begun a “series of powerful strikes” against Iran—the scale is four to five times that of the previous round.

At the same time, the U.S. Department of the Treasury revoked the general license that allowed Iran to sell oil.

Brent crude oil instantly surged 5%, topping $75.67. Spot gold jumped and then retreated, falling below $4,100.

So how has Bitcoin reacted?

It’s down—down below $63,000. Over the past 24 hours, more than 100,000 people across the entire market were liquidated.

There’s fighting, oil prices are surging, and risk-aversion is in overdrive—doesn’t Bitcoin count as “digital gold”? Why did gold rally and then pull back, while Bitcoin outright dived?

Because for BTC in 2026, it no longer buys into the whole “war narrative” anymore.

Remember 2022.

In the week the Russia-Ukraine conflict erupted, Bitcoin rose in a pulse-like surge, and how many people were shouting that “the era of digital gold has arrived.”

But look at now:

In February 2026, when the U.S. and Israel struck Iran, gold rose and Bitcoin fell.

In May 2026, U.S.-Iran negotiations dragged back and forth, and Bitcoin moved in step with U.S. stocks—completely ignoring the Middle East.

Today, the U.S. military took direct action—the strike intensity is four to five times greater than the previous round, and the oil sales permit has been revoked—Bitcoin fell 1.5% and even broke below a key support level.

After six rounds of geopolitical crisis tests, the data has never verified the “digital gold” narrative.

Why?

Because BTC’s price-setting power has long shifted from “geopolitics” to “U.S. dollar liquidity.”

So what is Bitcoin most sensitive to now?

Not whether the Strait of Hormuz explodes—but whether the Federal Reserve will raise rates next month.

CME data shows the probability that the Fed will keep rates unchanged in July is 74.3%, but the probability of a rate hike is still 25.7%. The probability of a rate hike in September has already exceeded 50%.

And June’s CPI data will only be released on July 14—before that, no one dares to bet on a rate cut.

Oil prices jumping 5% to above $75 means inflation can’t be contained, and the Fed is even less likely to act.

If BTC is an asset that’s most sensitive to interest rates, it’s no wonder it doesn’t fall.

Grayscale’s latest research report: Bitcoin’s trading behavior is more like growth stocks, not gold.

BTC is a risk asset, not a safe-haven asset. When war breaks out, institutions sell it first.

Where is it headed from here? Two scenarios.

Scenario one: Oil prices stay elevated, and the Fed doesn’t dare to cut rates.

Then BTC can only keep grinding back and forth in a range of $50,000 to the $60,000s. Don’t expect a bull run. Don’t expect the halving “miracle.” If the macro “dad” doesn’t give the nod, all technicals are just paper.

Scenario two: Oil prices spike and then crash, and demand gets completely destroyed.

If the global economy falls into recession and oil prices collapse, the Fed will be forced to cut rates—BTC may actually benefit from expectations of looser liquidity.

Isn’t that ironic? War makes BTC fall, and a recession triggered by war makes BTC rise. BTC doesn’t care about peace or war at all—it only cares whether the Fed plans to print money.

In 2022, BTC was a barometer of geopolitics. In 2026, BTC is a mirror of U.S. dollar liquidity. Stop using old war logic to trade new BTC. #GUSD年化升至3.8% #Strategy上周减持3588枚BTC #SK海力士ADR获超额认购 $BTC $ETH $XAU

Financial Terminology You Must Understand to Play U.S. Stocks
10Y Treasury: U.S. 10-year Treasury note (key interest rate benchmark for judging major trends in U.S. stocks)
Nonfarm Payrolls: U.S. employment data (important data for judging whether the U.S. economy is hot and whether the Fed will cut rates)
Unemployment Rate: The difficulty for Americans to find jobs (higher means more economic pressure, lower means employment is still strong)
Fed: Federal Reserve (U.S. central bank, manages rate hikes and cuts)
ASIC: Application-specific integrated circuit AI chip (high-efficiency chip designed for a specific AI task)
Hyperscaler: Hyperscale cloud providers (internet giants like Google, Meta, Microsoft, Amazon that build massive server farms)
Capex: Capital expenditure (company spending on hardware, factories, servers)
ROI: Return on investment (whether the money invested can generate returns, the ratio of payback to profit)
ETF: Exchange-traded fund (a basket of stocks, bonds, or crypto assets packaged into a tradable product)
Beta: The attribute of moving with the broader market (e.g., moving up and down with Bitcoin)
Treasury Premium: Asset reserve premium (the market's additional valuation for a company's "hoarding Bitcoin/assets")
CPI: Consumer Price Index (inflation data, shows how fast prices rise, affects Fed rate cut pace)
PPI: Producer Price Index (inflation data from the production side, shows whether raw material and production costs are rising)
GDP: Gross Domestic Product (measures a country's total economic output and growth rate)
PMI: Purchasing Managers' Index (judges whether manufacturing or services are expanding or contracting)
EPS: Earnings per share (how much profit a company makes per share)
PE: Price-to-earnings ratio (how many times profit the market is willing to value the company)
PB: Price-to-book ratio (how expensive the stock price is relative to the company's book assets)
FCF: Free cash flow (the money a company truly keeps after deducting necessary expenses)
Guidance: Performance guidance (management's expectations for future revenue and profit)
Earnings: Financial report (company regularly discloses how much it earned, spent, and future outlook)
Liquidity: Liquidity (how much money is in the market; more money makes assets rise easily, less money makes assets fall easily)
Risk-on: Risk appetite rising (funds willing to buy high-risk assets like stocks and crypto)
Risk-off: Risk aversion rising (funds pulling out of high-risk assets to buy dollars, Treasuries, gold, etc.)
DXY: U.S. Dollar Index (measures dollar strength; a very strong dollar usually suppresses risk assets)
Yield: Yield (the return rate bonds give investors; rising Treasury yields usually suppress tech stock valuations)
Rate cut: Rate cut (central bank lowers interest rates, usually positive for risk assets)
Rate hike: Rate hike (central bank raises interest rates, usually suppresses stocks and crypto)
Soft landing: Soft landing (economy cools but doesn't crash, inflation comes down, employment holds up)
Recession: Recession (economy clearly worsens, companies find it harder to make money, employment pressure increases)
Multiple expansion: Multiple expansion (company profits haven't risen much, but the market is willing to give a higher valuation)
Here, here's another batch of terms more suitable for "financial beginner education / trading content":
QT: Quantitative tightening (Fed slowly pulls money out of the market, reducing liquidity)
QE: Quantitative easing (central bank injects money into the market, increasing liquidity, assets more likely to rise)
Dot Plot: Dot plot (Fed officials' projections for future interest rates)
Core CPI: Core inflation (inflation excluding food and energy, better shows long-term price pressure)
PCE: Fed's preferred inflation indicator (closer to Fed decision-making than CPI)
Jobless Claims: Initial jobless claims (weekly data on how many Americans just became unemployed)
VIX: Fear index (the more fearful the market, the higher the VIX tends to be)
Credit Spread: Credit spread (market perception of corporate bond risk; widening spread indicates rising risk aversion)
Bond Auction: Treasury auction (U.S. government issues bonds to borrow money; weak demand pushes yields higher)
Duration: Duration (sensitivity of an asset to interest rate changes; longer duration means more fear of rising rates)
Mega Cap: Mega-cap (huge companies like Apple, Microsoft, Nvidia)
Magnificent 7: Magnificent Seven (Apple, Microsoft, Nvidia, Amazon, Meta, Google, Tesla)
AI Capex: AI capital expenditure (big tech spending on AI chips, data centers, servers)
Inference: AI inference (computing demand when AI is actually used by users)
Training: AI training (computing power consumed when training large models)
Data Center: Data center (facility housing servers and AI chips, core of AI infrastructure)
Power Bottleneck: Power bottleneck (AI data centers consume too much electricity; supply can't keep up)
Margin: Profit margin (how much of every $100 in revenue a company keeps)
Gross Margin: Gross margin (after deducting direct costs, how profitable the company's product is)
Operating Margin: Operating margin (after deducting operating costs, whether the company's core business is profitable)
Buyback: Stock buyback (company uses its own money to buy back its shares, usually positive for stock price)
Dividend: Dividend (company distributes profits to shareholders)
Short Interest: Short interest (how much capital is betting the stock will fall)
Short Squeeze: Short squeeze (shorts forced to buy back shares to cover, pushing the price higher)
Gamma Squeeze: Gamma squeeze (options market makers forced to buy shares to hedge, driving stock price up quickly)
OI: Open interest (how many contracts are still open in the market, commonly used to see capital participation)
Funding Rate: Funding rate (money paid between long and short positions in futures, used to see crowding)
Leverage: Leverage (using less capital to control a larger position; profits come fast, losses come fast too)
Liquidation: Liquidation (margin insufficient, forced to close positions by the system)
Stop Loss: Stop loss (automatically sell when price drops to a certain level to prevent further losses)

What just happened to $LAB ‌? 👀

In just a short time, the market took a huge hit. The price dropped from around $22.50 to nearly $2.80, wiping out almost the entire recent rally.

This sudden crash likely caused massive liquidations, forcing many long traders out as panic selling spread across the market.

Now everyone is watching the current support level. If buyers step in, we could see a relief bounce. If the selling continues, the pressure may stay for a while.

I think this is the best time for spot buyers to stay patient and hold through the dip.

It's also a reminder that chasing fast pumps without proper risk management can end up being very expensive.

NFA. DYOR.

#GUSDYieldRisesto3.8% #PredictWorldCup🇦🇷vs🇪🇬

6.1 → 7.7 BlackBerry is the most steady holding in the portfolio. $BB

Argentina 3-2 comeback victory
At 39, still carrying the team every game towards the quarterfinals
Leading the scoring chart by a wide margin
This is the true value of the king of football
Walk slowly
We will stay with you till the end!

Can someone explain to me why Tcc is transferring 40% of the chips to cz? In my view, this is a sign of weakness, indicating that Tcc is unable to control 70% of the chips. Stuck in a dilemma, they choose to give the chips to Cz to lower the profile. In my opinion, this is a very stupid decision.

Here are the 5 most iconic famous lines:
1. Arnold Schwarzenegger – “I'll be back.”
2. Heath Ledger (Joker) – “Why so serious?”
3. James Bond – “Bond. James Bond.”
4. @blknoiz06 - what's your solana address?

SOL at $80, do you dare to buy the dip?

It fell from $293 to $80, a drop of 73%, and everyone calls it an 'abandoned public chain'.

But just when you thought it was going to zero, ETF funds secretly bought for two consecutive weeks, and on-chain data broke historical records—is it a rebound or a reversal?

First thing: Solana dropped 72%, but it's still alive, and stronger.

It fell from $293 to $70, many people said 'Solana is dying'. But look at the on-chain data:

TVL $5.1 billion, up 7% in a week

DEX 24h trading volume $2 billion

Weekly non-voting transactions exceed 1 billion, setting a historical record

Stablecoin market cap $15 billion, RWA active market cap $2 billion

Second thing: On July 2nd, Solana did something big.

On-chain governance officially launched. Validators staking 100k SOL can initiate proposals, and stakers can directly veto.

It's not the fake decentralization where 'the foundation has the final say', but real on-chain governance.

Forward Industries increased its SOL holdings to 7.55 million coins, and its stock price soared. Solana also went to support Kazakhstan's $6 billion crypto city project.

Third thing: BonkDAO was attacked, but the market didn't crash.

BonkDAO got hacked for $20 million. Many people thought 'the Solana ecosystem has a problem' when the news came out.

What happened? SOL went from $75 straight to $80.

What does it mean to be immune to negative news? This is it. The same news would have caused a 10% drop six months ago, but now the market simply ignores it.

Bonk is just a meme coin in the ecosystem, with no connection to Solana's underlying layer.

Bull vs Bear:

Bulls:

On-chain governance live, decentralization narrative upgraded

ETF continues to see net inflows, institutions accumulating in the $70-80 range

TVL $5.1B, DEX volume $2B, non-voting trades exceed 1B

RWA quarterly trading volume record high, rapid growth in payments

Breaking above $83 is a new uptrend channel

Bears:

The major downtrend from $293 hasn't fully reversed yet

$82-83 is strong resistance, failed to break three times

BonkDAO attacked, security incident affects sentiment

BTC still oscillating at $63,000, SOL can't dance alone when the market is static

Key Levels

Resistance above: $82-83 (short-term life line) → $92.83 → $146

Support below: $78-80 → $75 → $70

Current price $80.7, only 1.5% away from resistance at $82, and 3% away from support at $78.

Room on both sides is limited, direction could break out at any time.

For those already holding:

If your cost basis is above $100, don't rush to cut losses. Wait for a confirmed breakout above $82-83 to add more and lower your average cost, instead of panic selling at this key level of $80.

If your cost basis is in the $70-80 range, congratulations on catching a good bottom area. Sell a portion near $83, then buy back on a pullback.

For those who are empty-handed and want to chase:

Wait for a pullback to the $78-80 range, then enter in batches, with a stop loss below $75.

First target $85, second target $92.

If it directly breaks above $83 with volume, you can chase a small portion, with stop loss at $80.

For medium-to-long-term players:

DCA below $80, target $100-120.

Core logic: continued ETF inflows + governance upgrade + real ecosystem adoption, a triple driver.

Stop loss: if monthly close below $70, then consider closing positions.

I've seen too many people:

In 2022, when SOL fell to $10, they said 'it's going to zero'

In 2023, when it rose to $20, they said 'the rebound is over'

In 2024, when it went to $200, they said 'it can still go up'

In 2025, when it dropped to $100, they said 'it's done'

Now at $80, they say 'never touch it again'

This market is always: buy when you are most desperate, sell when you are most greedy.

Solana's fundamentals today are more than 10x stronger than during the 2021 bull run—

Higher TVL, more users, more institutional recognition, more mature products.

Yet the price is only 40% of that time.

Do you think this is reasonable? #GUSD年化升至3.8% #Strategy上周减持3588枚BTC #GT二季度销毁257万枚 $ETH $BTC $SOL

Dear, are you still storing it? Still doing AI?
So quiet again?
Hynix, huh—why aren’t you Hynix anymore?
Every day Micron, Samsung, Hynix—keep barking!
What “spiritual Koreans,” “past-life Americans”…
What easy freebie question—Micron, Samsung, NVIDIA, Hynix.
Day after day, it’s either US stocks blasting up, or Korean stocks getting slammed.
Chat history in the stock group hits 999+ in minutes.
Why is it that the moment I get on, it stops blasting up?
Did I buy it and crash it with one hand?
While I wasn’t here, you all were saying you wanted private clubs and youthful models, buying cars and houses, traveling across the country and the whole world, eating mountains of delicacies and having banquets of every kind every day.
How did you trick me onto the ride, and then it plunged?
Is it really this coincidental? Huh?
Aaaaaaaahhhhhh! 😭

US stocks continued to open lower. In the storage sector, Micron has already dropped more than 20% from its peak, SK Hynix is down over 30%, and other storage stocks have also corrected simultaneously. It is currently difficult to determine where the bottom of the correction is, but it is certain that the correction is already quite significant.

The current correction is more of an emotional panic sell-off, not a fundamental issue.

Over the next few days, three fundamental data points need attention:
1. The CPI data and the Fed meeting on Wednesday, July 8. Will they continue the dovish signals from the nonfarm payrolls and help the market rebound?
2. TSMC’s June revenue data will also be released in the coming days. If revenue is strong, indicating growing demand for AI, that would be a positive signal.
3. SK Hynix’s ADR listing on July 10. If the current decline is a preemptive "sell the rumor, buy the fact" reaction, then the negative news being priced in after the listing could be a clear dovish signal.

If the FOMC turns out to be unexpectedly hawkish, and TSMC’s revenue falls short of expectations, leading to a decline in AI demand, there is still room for further downside.

Trading US stocks relies more on fundamentals than on technicals.

$SKHYNIX $MU
{future}(SKHYNIXUSDT)

I think they can't wait for Messi anymore 😆😆

$BLUR is making waves today, currently trading at 0.02428, locking in a solid +12.87% gain!

Looking at the 15m chart, the token saw an explosive breakout from its lows around 0.01973, pumping all the way up to a 24h high of 0.02695.

While we are seeing some consolidation and minor pullbacks after that massive green candle, volume remains high with 385.01M BLUR traded in the last 24 hours.

Will the bulls hold this level and push for another leg up, or is a deeper retest inbound? Let me know your moves below#GUSDYieldRisesto3.8% #SKHynixADROversubscribed