MAYAChain halts network after estimated $1.7M exploit
Related
Goldman Sachs injects a strong boost into South Korean stocks: another 20% rise in the second half of the year! Market leverage risk is overestimated, and opportunities will spread to six main themes.
According to BlockBeats, on July 6th, Goldman Sachs released its second-half strategy framework for the South Korean stock market, maintaining its 12-month target of 12,000 points for the KOSPI index, representing over 20% upside from current levels. The core support comes from a 320% year-on-year earnings growth forecast and a forward P/E ratio of only 6.65. This indicator is 2.7 standard deviations below its historical average, the lowest since 2009. In the first half of the year, South Korean stocks led Asia with a 92% gain, but this growth was primarily driven by upward revisions to earnings rather than valuation expansion: forward EPS was revised upwards by nearly 200%, while the forward P/E ratio actually compressed slightly. Samsung Electronics and SK Hynix contributed nearly 90% of the index's gains, with their combined market capitalization weight rising to 56% and their earnings weight reaching 72%. Goldman Sachs believes this concentration reflects earnings more accurately than a bubble, but market breadth has fallen to its lowest level since the pandemic, and continued gains in the second half of the year will likely lead to increased volatility. Regarding retail investor concerns, Goldman Sachs points out that leverage levels are overvalued. The growth in leveraged ETF size is primarily driven by asset appreciation rather than new leveraged funds. The margin loan-to-deposit ratio is actually declining, indicating that retail investors still hold substantial cash reserves and their asset allocation remains heavily focused on real estate. Goldman Sachs believes that opportunities in the Korean stock market in the second half of the year will expand from memory chips to six main themes: the industrial sector (accelerated defense orders, unmet demand for VLCC replacements), robotics and physical AI (Korea's auto parts ecosystem is expected to become a core supplier of humanoid robots), batteries and power infrastructure (driven by data center energy storage demand), beneficiaries of corporate governance reforms (multiple regulations implemented since July, with over 70% of listed companies having a PBR below 1), reflation trading (semiconductor profit spillover effects driving upward revisions to GDP and extending the interest rate hike cycle), and the semiconductor capital expenditure supply chain (the government plans to invest 800 trillion won in three major projects). Goldman Sachs also warns of three risks: seasonal weakness in the third quarter, technical correction pressure from a significant deviation of the index from the moving average, and amplified volatility due to hedging operations by leveraged ETF market makers. The combination of earnings growth and low valuations makes South Korea the market with the lowest PEG ratio in Asia, and the current valuation misalignment provides significant room for stock selection in the second half of the year.
Binance will support Moonriver (MOVR) network upgrades.
PANews reported on July 6th that, according to an official announcement, Binance plans to suspend token deposits and withdrawals on the Moonriver (MOVR) network at 20:00 (UTC+8) on July 6th, 2026, to support its network upgrade. The project team will conduct the network upgrade at block height 16,960,935 (estimated at 21:00 (UTC+8) on July 6th, 2026).
SemiAnalysis: Meta will accelerate, rather than slow down, its computing power procurement; it is in talks with Anthropic to build its own AI model service platform.
According to BlockBeats, on July 3rd, SemiAnalysis stated in its latest report that after news broke that Meta might become a new Neocloud, the market's initial reaction was to sell off computing power cloud companies like CoreWeave and Nebius, and to renewed concerns about "AI computing power oversupply." However, the firm's assessment is the opposite: this concern may be wrong. Meta's data center and computing power procurement will not slow down, but rather continue to accelerate. The article mentions that in the first half of this year alone, Meta has already signed contracts for over 5GW of capacity in the cloud services and managed data center sectors, and this does not include its accelerating self-built projects. SemiAnalysis states that Meta is in final negotiations with Anthropic, hoping to obtain access to Claude private instances. If this comes to fruition, the significance goes beyond "Meta buying more computing power"; it suggests that Meta may be building its own AI model service platform. This model is somewhat similar to AWS's Bedrock, Microsoft's Foundry, and Google's Vertex. Meta can initially use Claude internally, or it can package the model capabilities as a token-as-a-service to provide services externally in the future. In the short term, it might use its own models externally and Anthropic models internally; in the long term, Meta might even incorporate Anthropic and OpenAI models into its external service system. SemiAnalysis states that the underlying logic is that Meta has computing power, advertisers, social network distribution capabilities, and consumer-end entry points. If it can combine cutting-edge models, intelligent agents, and sales and marketing SaaS, it will not just be a company that buys GPUs, but will be moving towards the upper layers of AI application and model distribution.
The Sui mainnet has been upgraded to support zero-gas transaction simulation and has optimized network stability.
Odaily Odaily reports that Sui has announced mainnet upgrade to version V1.74.1, with the protocol simultaneously upgraded to version 128. Key upgrades include: support for zero-gas stablecoin transfer simulations, facilitating application testing for developers; the mainnet officially adopting a timestamp-based Epoch ending mechanism, further optimizing network efficiency; the addition of Move code static analysis functionality to help developers improve code quality; and optimizations to the validator node connection mechanism and node restart stability, reducing abnormal crashes. Furthermore, this upgrade improves range proof verification, cryptographic performance, and Binary Pools-related protocol mechanisms, providing support for future feature expansions.
Binance will support the Injective (INJ) network upgrade and hard fork today.
PANews reported on July 2nd that, according to an official announcement, Binance plans to suspend token deposits and withdrawals on the Injective (INJ) network at 21:00 (UTC+8) on July 2nd, 2026, to support its network upgrade and hard fork. The project team will conduct the network upgrade and hard fork at block height 172,502,000 (estimated at 22:00 (UTC+8) on July 2nd, 2026).
SemiAnalysis: Bottlenecks in AI semiconductor development may extend to key materials such as tungsten.
BlockBeats reported on June 30th that SemiAnalysis, an independent research firm specializing in semiconductors and AI, published an article stating that one of the most underestimated ways to participate in AI semiconductor development may not be the chips themselves, but rather the materials. As the industry accelerates the production of more advanced semiconductors, demand growth is not only seen in GPUs and wafer fab equipment, but also in the key materials supporting modern chip manufacturing. Tungsten is cited as an example. It is one of the most critical materials in semiconductor manufacturing, valued for its high-temperature stability and resistance to electrical abrasion. Wafer fabs rely on chemical vapor deposition (CVD) to fill deep, high aspect ratio vertical vias connecting multi-layered chip architectures, while simultaneously using physical vapor deposition (PVD) to deposit ultra-thin structural barrier layers around them. Because tungsten covers both core deposition stages, it is irreplaceable in advanced chip production. Tungsten supply appears to be increasingly constrained. High-purity tungsten metal powder is the primary raw material for manufacturing tungsten hexafluoride (THF), the gas used in CVD. Japan, which has key tungsten hexafluoride (Tfluoride) suppliers such as SK Materials and Shin-Etsu Chemical, is facing a sharp rise in prices and a significant reduction in imports of tungsten raw materials, making it almost impossible to continue producing key Tfluoride materials. This price pressure is also reflected in South Korea's Tfluoride import prices, which have risen by 151% this year. With the increasing complexity of semiconductors and the growing demand for AI, bottlenecks may not only appear in chips or equipment, but also in key materials at the bottom of the entire supply chain.