Glass substrates are entering a critical verification phase; yield rate will determine the inflection point for industrialization.
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A-share midday review: The Beijing Stock Exchange 50 Index fell 1.36%, with significant intraday fluctuations in computing hardware stocks such as glass substrates, optical fibers, and PCBs.
Mars Finance reported on July 6th that the three major A-share indices opened mixed. At midday closing, the Shanghai Composite Index rose 0.08%, the Shenzhen Component Index fell 0.36%, and the ChiNext Index fell 0.51%; the Beijing 50 Index fell 1.36%. The combined turnover of the Shanghai and Shenzhen stock exchanges was approximately 2,206.256 billion yuan, an increase of approximately 146.55 billion yuan compared to the previous trading day. On the market, computing hardware stocks such as glass substrates, optical fibers, and PCBs experienced significant fluctuations during the session. Hangzhou Electric Co., Ltd. hit its daily limit down after releasing its earnings forecast, while Defu Technology and International Composite Materials fell by more than 10% intraday. Rainbow Co., Ltd., Lehman Optoelectronics, and Woge Optoelectronics also declined. The fluorochemical sector continued its correction, with Binhua Co., Ltd. hitting its daily limit down intraday, followed by declines in Zhongjuxin, Tianci Materials, and Yonghe Co., Ltd. In addition, sectors such as robotics, commercial aerospace, and rare earth permanent magnets also fell. On the other hand, pork stocks remained active, with Muyuan Co., Ltd., Wens Foodstuff Group Co., Ltd., and Tianbang Food Co., Ltd. all rising, following the return of pork prices to the "10 yuan era," a week-on-week increase of over 13%. Fueled by policy documents, the innovative drug sector continued its recent upward trend, with Gan & Lee Pharmaceuticals, Huahai Pharmaceutical, and Luoxin Pharmaceutical all hitting their daily limit. (Science & Technology Treasure Report)
Analysis: Bitcoin may be entering a period of bottoming out; Strategy's sale of Bitcoin did not trigger panic.
According to a recent report by Bitfinex Alpha, as Odaily by Odaily, Strategy recently conducted its first large-scale Bitcoin sale, but the market showed strong resilience and no significant selling pressure emerged. Bitcoin rebounded after hitting a low of $57,803 on July 1st, and its performance in July remains positive, consistent with the views expressed in Bitfinex Alpha's previous report (No. 212), suggesting a potential market correction this month. Data shows that Strategy may have executed a BTC sale between June 29 and July 2, but the price of Bitcoin still saw a positive weekly increase during the same period, rising approximately 10.5% from its cycle low. Furthermore, on the last trading day of last week and the first trading day of this week, Bitcoin spot ETFs recorded inflows exceeding $200 million per day, ending a previous 10-day streak of net outflows, with a cumulative outflow of $2.73 billion. June was a challenging month for Bitcoin ETFs, with net outflows for nine consecutive weeks, reaching nearly $4.06 billion in June alone. However, these redemptions primarily reflect authorized participants (APs) returning ETF units and a decrease in passive funding demand, rather than indicating a large-scale immediate sale of Bitcoin through on-chain markets. The market is currently unable to fully determine whether investors have digested recent changes in fund flows, but spot trading volume does not fully reflect the impact of the previous large-scale outflows. With changes in ETF asset allocation and a return to positive fund flows, the Bitcoin market may face new variables in July. After a brief dip following the announcement of the Strategy sale, BTC prices quickly stabilized and have now returned to the lower end of the first quarter trading range, exceeding pre-announcement levels. ETF fund flows have recorded net inflows for three consecutive trading days, and the $61,000 level has become a crucial dividing line between bullish and bearish forces in the market. Bitcoin is currently in a downtrend on a higher timeframe, but the market structure is changing. Approximately 10.83 million BTC are currently in an unrealized loss state, while about 9.22 million BTC remain profitable, marking the first time that the number of losing BTC has exceeded the number of profitable BTC. Historically, this phase typically indicates significant pressure on spot holders and often approaches the bottoming phase of a bear market. However, a true macro bottom still needs confirmation from key indicators, such as Bitcoin consistently recovering to its current "True Market Mean" of around $71,500. While the current market environment may dampen sentiment in the short term, it also creates conditions for long-term funds to absorb selling pressure. As long-term holders and some whale re-accumulate, Bitcoin is shifting from low-conviction holders to high-conviction investors, and the next two to three months may be a crucial window for confirming a temporary bottom.
Binance launches BTC Yield, a BTC-based yield strategy product designed for BTC holders.
Odaily Odaily reported on July 7th that Binance announced the launch of a new advanced wealth management product, BTC Yield. BTC Yield is an open-ended yield strategy product denominated in BTC, designed for long-term holders who want to explore potential yield opportunities in Bitcoin without frequent market trading. BTC Yield is one of the first Bitcoin covered call option yield products launched by a mainstream cryptocurrency trading platform for both general and institutional users, demonstrating Binance's continued expansion from a trading platform into a broader financial super application. Shunyet Jan, Head of Exchange and Trading at Binance, said, “BTC Yield further enriches the product options Binance offers its users, allowing them to realize the value of digital assets in more ways. Covered call option strategies are quite mature in traditional financial markets, but direct participation by ordinary investors is usually quite difficult. BTC Yield simplifies this strategy, making it easier for Bitcoin holders who want to capture potential returns without frequent market trading to participate.” To celebrate the launch of BTC Yield, Binance Wealth Management is launching a limited-time promotion where eligible BTC Yield subscribers will have the chance to share a prize pool of 100,000 USDC.
Aave Labs has initiated a syrupUSDG proposal to integrate Maple with V4.
According to Foresight News , Aave Labs has released a proposal to integrate Maple Finance's newly launched yield token syrupUSDG into the Global Dollar Hub on Aave V4, and to introduce syrupUSDG as collateral for the Aave DAO.
Ant Group completes strategic investment in Mint Health, holding over 28% stake and becoming its largest external shareholder.
According to Mars Finance, on July 8th, Ant Group and Mint Health jointly announced a major strategic investment partnership. Following the transaction, Ant Group becomes Mint Health's largest external shareholder, holding over 28% of the shares; Mint Health's founder and CEO, Ma Haihua, remains the company's largest shareholder. The two companies will collaborate to build professional-grade AI health services, focusing on core scenarios such as weight management. The first phase of features is currently available on the Ant Afu App.
Fluid launches Fluid Lite USD, a stablecoin Vault product with fixed yields.
According to Foresight News , Fluid has launched Fluid Lite USD, a stablecoin fixed-yield Vault product, claiming a minimum annual yield of 6%, with historical data typically showing yields between 8% and 10%. Fluid Lite USD is already listed on Ethereum and supports cross-chain yield strategies, covering Arbitrum, Plasma, and Ethereum. Users can deposit USDC, and the Vault will generate yields through sUSDe, syrupUSDC, syrupUSDT, and sUSDai.