The World Cup final kicks off tonight, as chip stocks fell 10% week-on-week, dragging the Nasdaq down 2.9%.

ME News message, July 20 (UTC+8), quick roundup of content from DECOM as follows:

· US stocks performance last week: All three major indexes closed lower across the board. The Dow fell 0.93% for the week to 52,146.42 points, the S&P 500 dropped 1.55% for the week to 7,457.69 points, and the Nasdaq fell 2.90% for the week to 25,520.24 points. The Philadelphia Semiconductor Index fell nearly 10% for the week, pulling back more than 20% from its June peak, and has officially entered a technical bear market. The VIX volatility index rose 24.68% week-over-week to 18.74. WTI crude oil rose 14.51% for the week.

· World Cup final security upgrade: The US-Canada-Mexico World Cup final will be held at 3:00 a.m. Beijing time on July 20 at MetLife Stadium in New Jersey, New York. Trump confirmed he will attend to watch the match. The US side has initiated the highest level of security. F-16 fighter jets, military snipers, and several thousand FBI agents will be deployed on site.

· South Korea’s roadmap for won internationalization: The South Korean government released a roadmap, planning to issue won-denominated stablecoins. The offshore won settlement network will be launched in January next year, and pilots for tokenizing government bonds will be advanced.

· David Sacks criticizes regulatory FUD: White House technology adviser Sacks posted a message criticizing the practice of using regulation to create uncertainty and suppress open-source AI competition, saying that regulation should be built on facts and evidence.

· Security incident: Cross-chain bridge Allbridge Core was attacked, resulting in losses of about $1.65 million; Bonzo Finance pledged full compensation to users affected by the oracle attack. (Source: Desun)