Microsoft's market value evaporated by $570 billion, potentially marking its worst monthly performance since 2000.
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Nvidia's market value evaporated by $1 trillion in less than two months, with its valuation falling back to levels seen before the AI boom.
According to Mars Finance, after losing approximately $1 trillion in market capitalization in less than two months, Nvidia stock has hit its lowest level since the artificial intelligence (AI) boom fueled its surge. The chipmaker's graphics processing units (GPUs) still dominate the AI data center market. However, its share price has fallen 16% since hitting an all-time high on May 14th, prompting investors to adjust their AI trading strategies, selling Nvidia and investing in other semiconductor manufacturers, particularly those in the memory market. Data shows the sell-off has driven Nvidia's price-to-earnings ratio (P/E) to 18 based on its expected earnings over the next 12 months. The last time it reached such a low level was in early 2019. To better understand the depth of the decline, a comparison with benchmark stock indices shows that the S&P 500 has a forward P/E ratio of 20, and the Nasdaq 100 has a forward P/E ratio close to 23. (Cailian Press)
Binance Research released a stablecoin industry report: platform stablecoin reserves reached $53 billion, with market share rising to 57%.
Odaily Odaily that Binance Research has released an industry report titled "Stablecoins: Reshaping the Financial Landscape." The report shows that as of now, Binance's stablecoin reserves have reached $53 billion, increasing its market share from 54% to 57%, approximately $42 billion higher than the second-largest exchange. Meanwhile, in the first five months of 2026, the cumulative trading volume of TradeFi-related perpetual contracts exceeded $1.1 trillion, with Binance accounting for over $500 billion, representing approximately 47% of the market share. Furthermore, since 2022, Binance Wealth Management has distributed $1.2 billion in yield to over 14 million stablecoin users; BNB Chain sees 10 million daily stablecoin transactions and 15 million monthly active addresses, representing a market share of approximately 24% by transaction volume. The report points out that stablecoins are evolving from crypto asset trading tools into a crucial global financial settlement infrastructure, and Binance has built a one-stop stablecoin financial ecosystem covering trading, payments, yields, investment, and on-chain ecosystem.
Momenta, dubbed the "first stock in physics AI," has completed its IPO, with its market capitalization once exceeding HK$70 billion.
Odaily Odaily reports that Momenta, dubbed the "first stock in physical AI," has completed its IPO on the Hong Kong Stock Exchange. The offering price was HK$295.6 per share, and the public offering was oversubscribed by 414 times. The stock opened slightly higher, with its market capitalization briefly exceeding HK$70 billion. Assuming the "greenshoe option" (over-allotment option) is fully exercised, the global offering consisted of approximately 22.93 million shares, raising approximately HK$6.8 billion. According to ZhenFund, Momenta announced that its mass-produced business has surpassed 1 million units equipped with its technology.
Analysts: Stablecoin market capitalization shrinks by over $3 billion per month, Bitcoin's rebound lacks "fuel" support.
PANews reported on July 8th that CryptoQuant analyst Axel Adler Jr. stated that since mid-May, the stablecoin market has shifted from a source of liquidity to a source of liquidity depletion. The 30-day average inflow into stablecoin exchanges has fallen from $3.2 billion to $2.65 billion, 31% lower than the annual average of $3.86 billion; the combined market capitalization of USDT and USDC is shrinking at a rate exceeding $3 billion per month. The analyst points out that Bitcoin's 21% drop since mid-May is a direct consequence of this "fuel" shortage. Currently, the market is losing liquidity on two levels simultaneously: fewer new stablecoins are flowing into exchanges, and the dollar base itself is contracting. Improvement requires a reversal of both indicators—the 30-day average inflow returning above the annual average, and the monthly change in market capitalization returning to positive territory.
Data: Since 2026, foreign capital outflows from the South Korean stock market have exceeded $100 billion.
According to Odaily Odaily, Coin Bureau published an article on the X platform stating that since the beginning of 2026, foreign investors have withdrawn more than $100 billion from the South Korean stock market.
Huahong Grace Semiconductor surges over 10% to a record high; total market capitalization of A+H shares surpasses 360 billion yuan.
According to Mars Finance, Huahong Grace Semiconductor, a leading semiconductor foundry, extended its gains to 10% intraday, hitting a new all-time high, with its total market capitalization (A+H shares) exceeding 360 billion yuan. (Cailian Press)