Animoca puts Currenc merger on ice, delaying its Nasdaq debut
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US pre-market news at a glance: Samsung's earnings report triggered a collective weakness in semiconductor stocks in pre-market trading; SpaceX officially debuts on the Nasdaq 100 today.
According to BlockBeats, the following are key market news items before the US stock market opened on July 7th: 1. Samsung released its Q2 earnings forecast, showing an operating profit increase of over 1800% year-on-year, with single-quarter profits exceeding the total of the previous three years. Simultaneously, the company's revenue also increased by 129% year-on-year, reaching 171 trillion won. Affected by the semiconductor sell-off triggered by the "sell-off" of Samsung's earnings, chip-related technology stocks generally weakened in pre-market trading. The three major US stock futures indices showed mixed results in pre-market trading: Dow Jones futures rose 0.41%, Nasdaq 100 futures fell 0.9%, and S&P 500 futures fell 0.09%. 2. SpaceX officially debuted on the Nasdaq 100 before the US stock market opened today, with Wall Street institutions collectively bullish. Most institutions believe that SpaceX is no longer just a traditional aerospace company, but a platform company with the potential for rocket launches, Starlink satellite internet, AI infrastructure, and future space computing. 3. DeepSeek is secretly developing its own inference chip. If successful, this would reduce reliance on external suppliers and give it more cost-effective hardware control. However, the project is still in its early stages and faces manufacturing and memory acquisition restrictions due to US export controls. 4. UBS recommends investors buy SK Hynix's upcoming American Depositary Receipts (ADRs) and sell its South Korean shares, as these new shares are expected to trade at higher prices. 5. JPMorgan strategists say the recent weakness in semiconductor stocks should be seen as a buying opportunity, as the chip upcycle is not yet over, and truly meaningful new supply may not appear until 2028. 6. US ADP employment change for the week ending June 20 was 21,000, compared to 30,750 in the previous week. 7. BlackRock will launch an ETF tracking the tech-heavy Nasdaq 100 index, aiming to meet investors' growing demand for participation in the AI-driven stock market rally and challenge Invesco's dominant position. 8. Amazon is returning to the US bond market to raise funds for its artificial intelligence infrastructure. The company will issue eight benchmark bonds with maturities ranging from 3 to 40 years, raising at least $25 billion in the dollar bond offering. 9. Global brokerages have begun coverage research on Elon Musk's SpaceX (SPCX.O), and a preliminary consensus has formed on Wall Street: buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have given it a buy rating, optimistic about its long-term growth prospects, although doubts remain about profitability and valuation.
Swyftx has obtained an Australian financial services license and is seeking opportunities in the cryptocurrency payments sector.
According to Foresight News , citing Cointelegraph, Australian cryptocurrency exchange Swyftx has obtained an Australian financial services license, indicating its intention to explore opportunities in the cryptocurrency payments sector. The license allows Swyftx to offer derivatives such as cryptocurrency options or futures to retail customers and authorizes it to provide non-cash payment services, enabling the fintech company to offer payment services to both business and retail clients. Swyftx interim co-CEO Andrea Yuen stated that after obtaining a license to provide payment services, the company "will no longer be a pure cryptocurrency spot exchange." Swyftx does not currently hold an AFSL license for spot cryptocurrency trading.
AngelList will cease supporting cryptocurrency investments at the end of July due to the shutdown of its third-party payment service.
According to Foresight News , AngelList, a venture capital firm, announced on its official help page that it will no longer support investment and financing using cryptocurrencies starting July 31, 2026. The announcement stated that its third-party cryptocurrency payment service provider will soon cease operations, therefore the option to use digital assets such as USDC, USDT, DAI, and ETH to complete new investments, fundraising, or rolling fund subscriptions will be suspended across the platform until further notice. Other financing methods, such as ACH transfers and wire transfers, will not be affected. The announcement states that investments completed on or before July 31, 2026, will not be affected by this change and require no action from users; thereafter, users will need to use ACH or wire transfer to complete fund payments. For outstanding capital commitments originally planned to be made in cryptocurrency, AngelList advises investors to transfer all corresponding cryptocurrency assets to their AngelList accounts for safekeeping before July 30, or to complete subsequent investments via wire transfer or ACH. AngelList stated that it is evaluating the possibility of restoring digital asset financing functionality through a new service provider, but there is no definite timetable yet.
US stock indices diverged, with the Nasdaq 100 falling 1.5% while the Dow Jones Industrial Average rose nearly 0.5% at one point, hitting a record high.
According to Mars Finance, on July 7, based on BIT (bit.com) market data, US stock indices showed divergent trends, with the Nasdaq 100 index falling 1.5% and the Dow Jones Industrial Average rising nearly 0.5% to a record high.
Canaan Technology's ADS will be listed on the Nasdaq Capital Market and an extension of the minimum share price compliance period has been applied for.
Odaily Odaily reports that Bitcoin mining company Canaan Technology has announced that its American Depositary Shares (ADSs) have been officially transferred from the Nasdaq Global Market to the Nasdaq Capital Market, with the stock code CAN remaining unchanged. The transfer will not affect its normal trading. Canaan Technology also revealed that it received a minimum share price compliance notice from Nasdaq on January 14, 2026, due to its ADS closing price remaining below $1 for 30 consecutive trading days. The original compliance period ended on July 13. After transferring its listing, it applied for an additional 180-day grace period on July 6. If approved, it will have more time to restore compliance, at which point it will need to maintain its ADS closing price above $1 for at least 10 consecutive trading days within the applicable period. (PRNewswire)
Cryptocurrency financial institution Bitcoin Suisse obtains Abu Dhabi ADGM financial services license
Odaily Odaily reports that Bitcoin Suisse, a cryptocurrency financial services provider, announced that its subsidiary, BTCS (Middle East) Ltd., has received a Financial Services License (FSP) from the Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA). This license authorizes BTCS to provide regulated digital asset financial services, including custody, spot trading, and derivatives execution and hedging services, to qualified institutional and professional investors. (Businesswire)