Serenity: Funds in China's primary market are flowing into physical AI and world models, with funding for cutting-edge models concentrating on leading companies.
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World Liberty Financial launches USD1-denominated RWA perpetual markets for gold, oil, and global equities, backed by 250 million $WLFI and $12.5 million USD1 to drive liquidity |source: Twitter
BWENEWS AI: World Liberty Financial launches USD1-denominated RWA perpetual markets for gold, oil, and global equities, backed by 250 million $WLFI and $12.5 million USD1 to drive liquidity |source: T...
South Korean stocks plunge 20%, nearing a bear market; the AI boom faces the awkward situation of "the more disastrous the earnings, the steeper the decline."
According to BlockBeats, on Wednesday afternoon, July 8th, South Korean stocks extended their losses as investors reassessed the outlook for AI demand. The KOSPI index fell by more than 6% at one point, breaking below 7200 points, and has cumulatively fallen by more than 20% from its all-time high last month, poised to enter technical bear market territory. Memory chip maker SK Hynix fell by as much as 5%, and Samsung Electronics fell by 6.9%. The Korea Exchange initiated a temporary trading halt on the KOSPI index, suspending algorithmic trading. South Korean stocks were among the strongest performing markets globally this year, but their performance is highly dependent on SK Hynix and Samsung Electronics, amplifying volatility when sector sentiment weakens. Even with Samsung Electronics announcing a 19-fold surge in quarterly profits earlier this week, chip stocks continued to be under pressure. Jordan Klein, a TMT sector expert at Mizuho Securities, stated that investors overreacted to Samsung's preliminary second-quarter results. He believes this sell-off in semiconductor stocks is more a sign of waning momentum than a deterioration in fundamentals. Klein stated that excluding one-off bonus expenses, Samsung's operating profit actually significantly exceeded expectations, with its storage business implied operating margin potentially exceeding 80%. He indicated that Samsung's single-quarter operating profit has already surpassed the total of the past three years, and reacting to Samsung's stock price based solely on preliminary results is "extremely short-sighted." Meanwhile, an AI trading rotation occurred in Asian markets. Hong Kong-listed Chinese stocks rose, with the Hang Seng China Enterprises Index rising as much as 3.4%, the Hang Seng Tech Index rising over 5% intraday, Alibaba rising over 8%, and Tencent rising over 3%. Market analysts believe that funds are flowing from crowded trades focused on AI infrastructure to markets with lower valuations and more value-oriented characteristics. Reuters' report on DeepSeek's self-developed chip and The Information's report on Zhipu AI considering designing its own AI chip further fueled this rotation. (Jinshi)
Data: Signa platform users have created 854 World Cup-related prediction markets.
According to Foresight News , Signa's latest data shows that the popularity of the 2026 FIFA World Cup-themed prediction market continues to rise as the World Cup knockout stages unfold. To date, platform users have created 854 World Cup-related prediction markets. The cumulative trading volume has reached $788,400, with 6,200 trades completed. The number of participating users has increased to 3,620, and the total value locked (TVL) has reached $755,100. Signa stated that the World Cup is becoming a significant catalyst for the growth of the prediction market, and that more innovative marketing and interactive activities centered around the tournament and trending events will be launched in the future to bring users a richer experience.
"Kuaizao Technology" completes 1 billion yuan financing, the largest single financing in the primary market for consumer-grade 3D printing.
36Kr has exclusively learned that Snapmaker, a consumer-grade 3D printing company, recently completed a new round of financing totaling 1 billion yuan. This round was led by Cathay Capital, with participation from TAL Education Group's strategic investors. Existing shareholders, including Meituan Strategic Investors, Meituan Dragon Ball, Hillhouse Capital, and Shunwei Capital, significantly oversubscribed. Gaohu Capital served as the exclusive financial advisor. This is one of the largest single financing rounds in the consumer hardware sector since 2025, and also the largest single financing round in the primary market for consumer-grade 3D printing in the past two years.
Rivian shares fell 8.9% in pre-market trading after a share issuance to raise funds.
According to ChainCatcher, Rivian's stock price fell 8.9% in pre-market trading due to the company's plan to raise funds through a share issuance.
The world's three largest storage giants have entered a "technical bear market".
Mars Finance reported on July 8th that Micron Technology, Samsung Electronics, and SK Hynix, the three giants of AI storage that once led the market boom in 2026, have all fallen by more than 20% (in nine trading days) from their closing highs on June 25th, officially entering a technical bear market. (Wide Angle Observation)