Two items from “News Items” from @EllisItems this AM (https://substack.news-items.com):
“8. A rout in global chipmakers deepened on Tuesday, as fears over the durability of the AI boom intensified ahead of results from some of Silicon Valley’s biggest companies this week. South Korea’s Kospi led declines in Asia, falling more than 10 per cent and prompting a short halt in trading, after investors dumped shares in the country’s two leading memory-chip makers. Shares in SK Hynix fell as much as 10 per cent, while its larger rival, Samsung Electronics, dropped more than 12 per cent. The two companies have tumbled 41 per cent and 34 per cent, respectively, in July so far. In Tokyo, the Nikkei 225 fell 4.4 per cent, with memory-chip maker Kioxia plunging more than 18 per cent. This month’s sell-off has slashed Kioxia’s share price in half. (Source: http://ft.com)
9. A closely watched gauge of risk in holding the debt of companies at the centre of the AI boom is rising rapidly, underscoring growing jitters over Big Tech’s vast spending on data centres, chips and computer memory. Prices for credit default swaps, popular tools to bet against corporate debt, tied to Oracle, SpaceX, Alphabet, Amazon, Meta, Broadcom and Nvidia have risen to record highs in recent days, according to LSEG data. The sharp moves echo a sell-off in debt issued by so-called hyperscalers, which are piling hundreds of billions of dollars into developing vast data centres and sophisticated AI models. It comes as investors have grown increasingly worried about the deluge of debt sold by these companies. (Source: https://t.co/i1iKd1P8Ml)”
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meme5h agomeme
Top Overnight News
The Kospi index follows a weak US session lower, falling as much as 10.7% heading for the worst session since early March as both Samsung Electronics and SK Hynix slid more than 12%. Korea Exchange triggered a circuit breaker for the benchmark, marking its eighth such halt this year; Asia’s semiconductor related stocks come under intense selling pressure dragging the MSCI AC Asia Pacific index down over 3%
German officials are working behind the scenes to identify Chinese economic vulnerabilities that they could exploit if the European Union finds itself in a trade war with the world’s second-largest economy
Australia’s central bank chief said there are signs the economy is cooling as anticipated, though it’s still unclear if this year’s interest-rate hikes are enough to return inflation to target or whether additional tightening will be needed
China set a ceiling on new US tariffs and warned Washington against sanctioning Chinese artificial intelligence companies, drawing boundaries weeks before the next meeting between President Donald Trump and Chinese leader Xi Jinping
A selloff in semiconductor stocks deepened Tuesday, as signs of China’s progress in advanced chipmaking weighed on global rivals and concern mounted over the sustainability of the artificial intelligence spending boom
President Donald Trump said the US and Iran were engaged in diplomatic talks to end the Middle East conflict, but warned the two sides would return to fighting if negotiations didn’t yield a deal
A nearly $600 billion rout in just a little over a month has flipped SK Hynix Inc. from one of the world’s hottest AI trades to one of the biggest portfolio question marks
Oil extended a steep decline after President Donald Trump said that the US and Iran were engaged in talks to try to end the Middle East conflict, with the two sides continuing to hold off on attacks
US Pacific Tsunami Warning Center said the tsunami threat from the Japan earthquake has now passed, with no tsunami threat remaining for Japan's coast.
Shots fired at US consulate in Toronto for the second time this year, according to the New York Post.
US Senate votes to advance Trump nominee Clayton for Director of National Intelligence role.
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news5h agonews
Top Overnight News
The Kospi index follows a weak US session lower, falling as much as 10.7% heading for the worst session since early March as both Samsung Electronics and SK Hynix slid more than 12%. Korea Exchange triggered a circuit breaker for the benchmark, marking its eighth such halt this year; Asia’s semiconductor related stocks come under intense selling pressure dragging the MSCI AC Asia Pacific index down over 3%
German officials are working behind the scenes to identify Chinese economic vulnerabilities that they could exploit if the European Union finds itself in a trade war with the world’s second-largest economy
Australia’s central bank chief said there are signs the economy is cooling as anticipated, though it’s still unclear if this year’s interest-rate hikes are enough to return inflation to target or whether additional tightening will be needed
China set a ceiling on new US tariffs and warned Washington against sanctioning Chinese artificial intelligence companies, drawing boundaries weeks before the next meeting between President Donald Trump and Chinese leader Xi Jinping
A selloff in semiconductor stocks deepened Tuesday, as signs of China’s progress in advanced chipmaking weighed on global rivals and concern mounted over the sustainability of the artificial intelligence spending boom
President Donald Trump said the US and Iran were engaged in diplomatic talks to end the Middle East conflict, but warned the two sides would return to fighting if negotiations didn’t yield a deal
A nearly $600 billion rout in just a little over a month has flipped SK Hynix Inc. from one of the world’s hottest AI trades to one of the biggest portfolio question marks
Oil extended a steep decline after President Donald Trump said that the US and Iran were engaged in talks to try to end the Middle East conflict, with the two sides continuing to hold off on attacks
US Pacific Tsunami Warning Center said the tsunami threat from the Japan earthquake has now passed, with no tsunami threat remaining for Japan's coast.
Shots fired at US consulate in Toronto for the second time this year, according to the New York Post.
US Senate votes to advance Trump nominee Clayton for Director of National Intelligence role.
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meme6h agomeme
South Korea’s stock market is getting crushed.
Samsung: -13%
SK Hynix: -15%
The trigger was one report. China started mass producing DUV chip tools.
No earnings miss. No rate shock. Just a headline hitting an index where two names are 60% of the weight.
When both break at once, margin calls do the rest.
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meme7/26meme
reply AI OPTIMISM REMAINED STRONG AS SAMSUNG SECURED A $200B+ CHIP DEAL, NVIDIA PLANNED A $1B AI DATA CENTER INVESTMENT IN SOUTH KOREA, AND INVESTORS TURNED FOCUS TO THIS WEEK'S FED, BOE, AND BOJ MEETINGS.
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Just some TLDR news:
- $CXMT IPO tomorrow if you like Chinese memory.
- Samsung Electronics reportedly struggling to secure large FC-BGA substrates. Ibiden (4062) reportedly requested LTA guarantees, Samsung Electro-Mechanics sought prepayments.
- Samsung + $AVGO sign memory + foundry AI framework through 2030, expected to exceed $200b
- $SOI expects FY2027 silicon photonics revenue to double compared to the previous year, surpassing Morgan Stanley's 60% growth projection. Photonics thesis go brrr.
- SK Group + $NVDA sign $500B+ partnership to build out AI DCs and HBM4 memory.
- SKC Absolics glass core delay to 2027 from reports. Targeting final reliability testing EOY, mass production next year. So if you're curious, this does push back some ramps from $LPK and others (hence drop on ER).
- $QCOM price hikes by double digits for smartphone processors, due to upstream supplier hike pricing.
- $META expected to issue $12B in project-level/SPV financing for El Paso, Texas AI DC expansion
- Naver announced a $10 billion investment from $NVDA and Brookfield to construct a 1GW-scale AI Factory. Near term plan is 200MW by 2028. (Nvidia $1B investment, Brookfield nonbinding $9B)
- 64GB DDR5 server modules rises 146% versus end-June contract pricing
- $INTC brought forward 14A process mass production by a year, risk production H2 2027 and volume production in 2028, vs. 2029 HVM expectations.
- Samsung Electro-Mechanics wins $200m MLCC order (existing bottleneck).
- $AMD (the Bandana bottleneck), announces Helios is in full production with shipments Q3 2026. Including an up to 2GW MI455X GPU deployment with Anthropic and a 6GW infrastructure rollout with OpenAI. Gave new >50% CAGR TAM to $220B by 2030 from $26b in 2025 for CPU market.
Rolls out optical interconnects for Mi500 in 2027. From channel checks, AMD is heading down to the CPO route (seems likely to use Ayar).
- $ORCL wins $7B Department of War enterprise software contract
- JX metal doubles semi target capacity at its KR subsidary with a 4B yen investment, with operations to begin H2 2027, amid surging demand from major customers Samsung Electronics and SK Hynix
- Tungsten hexafluoride spot prices surged 2.1-2.5x Y/Y following Japan's Kanto Denka and Chuo Gas announcing permanent production halts. Fluorinated liquid supply faces a vacuum as 3M plans to exit PFAS production.
- From the four optical chipmaker earnings, Yuanjie/Eoptolink/TFC Optical/Dongshan Precision: no major order cuts, 1.6T shipments expected to accelerate into 2027. Optical chip suppliers expected to capture outsized margins from shortages.
- Unitree Robotics Targets 30,000 Humanoid Robot Production Capacity by 2026. Read through on humanoid TAM scaling like $CCXI and others.
- Energy storage lithium batteries orders increase first half orders by 2,900% apparently in China. Not as familiar with EVE Energy and other battery makers.
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news7/26news
Nvidia just locked down deal that changes AI race. Nvidia locked down a $500 billion AI memory deal with SK Hynix as Samsung and Broadcom signed a $200 billion pact, reshaping the global AI chip supply chain.
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news7/26news
A breakout week for tokenization.
Tokenized holders passed 1 million, a global custody bank moved toward 24/7 settlement, and regulators aligned across borders.
Latest news ↓
1️⃣ BNY moves toward 24/7 tokenized Treasury settlement
BNY, the world's largest custody bank, plans to support round-the-clock settlement for tokenized and conventional US Treasuries in 2027, with tokenized Treasury pilots on its private blockchain beginning by year-end.
https://www.coindesk.com/business/2026/07/23/24-7-financial-rails-how-bny-plans-to-eliminate-the-weekend-lag-in-u-s-treasuries
2️⃣ Tokenized asset holders surpass 1 million
Tokenized asset holders grew by more than 200,000 in a single week, a roughly 20% jump past 1 million total, as onchain RWA value climbed to approximately $36.6 billion.
https://app.rwa.xyz/
3️⃣ Samsung Wallet to add native stablecoin support
Samsung announced at Galaxy Unpacked 2026 that Samsung Wallet will add native stablecoin support, placing dollar-pegged digital currencies inside an app installed on hundreds of millions of Galaxy devices.
https://financefeeds.com/samsung-shakes-up-crypto-with-a-surprise-wallet/
4️⃣ US and UK align on tokenized finance roadmap
The US and UK Treasuries released a 10-point roadmap coordinating oversight of tokenized assets and stablecoins across both markets, including a private sector group to test cross-border tokenization.
https://www.theblock.co/post/408305/us-uk-transatlantic-taskforce-unveils-digital-asset-roadmap-promoting-stablecoin-innovation
5️⃣ Ondo's Oasis Pro Markets secures FINRA authorization for US tokenized securities
Ondo's SEC-registered broker-dealer subsidiary Oasis Pro Markets received authorization to offer tokenized equities and funds to US institutional and retail investors under SEC and FINRA oversight.
https://ondo.finance/blog/finra-authorizations-to-offer-tokenized-equities
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news7/26news
A breakout week for tokenization.
Tokenized holders passed 1 million, a global custody bank moved toward 24/7 settlement, and regulators aligned across borders.
BNY, the world's largest custody bank, plans to support round-the-clock settlement for tokenized and conventional US Treasuries in 2027, with tokenized Treasury pilots on its private blockchain beginning by year-end.
Tokenized asset holders grew by more than 200,000 in a single week, a roughly 20% jump past 1 million total, as onchain RWA value climbed to approximately $36.6 billion.
https://app.rwa.xyz/
3️⃣ Samsung Wallet to add native stablecoin support
Samsung announced at Galaxy Unpacked 2026 that Samsung Wallet will add native stablecoin support, placing dollar-pegged digital currencies inside an app installed on hundreds of millions of Galaxy devices.
The US and UK Treasuries released a 10-point roadmap coordinating oversight of tokenized assets and stablecoins across both markets, including a private sector group to test cross-border tokenization.
5️⃣ Ondo's Oasis Pro Markets secures FINRA authorization for US tokenized securities
Ondo's SEC-registered broker-dealer subsidiary Oasis Pro Markets received authorization to offer tokenized equities and funds to US institutional and retail investors under SEC and FINRA oversight.
Another huge week for the entire PayFi Ecosystem and the partners we’re building alongside.
Headlines ↓
1️⃣ Huma’s PST topped $200M market cap, now one of the fastest-growing yield assets and a top 3 yield-bearing asset on @Solana.
2️⃣ @galaxyhq joined @Morpho as a curator via @FireblocksHQ Earn, launching institutional stablecoin vaults with Huma’s PST among the first assets in the mix.
3️⃣ Nordic asset manager Alfakraft Fonder teamed up with @Bitwise to build digital asset investment solutions for professional investors across Europe.
4️⃣ @Visa launched the Visa Stablecoin Platform with Open USD, enabling banks and fintechs to mint, move, and manage stablecoins across 200M+ merchants.
5️⃣ @circle signed MOUs with Kakao and Toss Bank to explore won-backed stablecoins and USDC payment rails in South Korea.
6️⃣ @Morpho shipped Midnight on Base, enabling fixed-rate, fixed-term lending markets and unlocking new PayFi opportunities.
7️⃣ The Middle East Stablecoin Association officially incorporated in the @DIFC, creating a formal hub for stablecoin policy, research, and industry collaboration.
8️⃣ @FTDA_US forecasts AI Agents driving trillions in blockchain commerce by 2030.
9️⃣ Japan’s AZ-COM Maruwa, a major logistics partner to Amazon, will roll out JPYC stablecoin payments to 2,300 subcontractors.
🔟 @Samsung is adding native stablecoin support to Samsung Wallet, bringing blockchain payments to hundreds of millions of Galaxy users.
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news7/25news
Samsung, SK and Nvidia join $700bn US-Korea AI push
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oi_change7/24market
PENGSTOCK/USDT OI 5min Down 12.26% $116K dropped to $102K, Price -0.11%, Long Liquidation
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twitter7/24meme
Another huge week for the entire PayFi Ecosystem and the partners we’re building alongside.
Headlines ↓
1️⃣ Huma’s PST topped $200M market cap, now one of the fastest-growing yield assets and a top 3 yield-bearing asset on @Solana.
2️⃣ @galaxyhq joined @Morpho as a curator via @FireblocksHQ Earn, launching institutional stablecoin vaults with Huma’s PST among the first assets in the mix.
3️⃣ Nordic asset manager Alfakraft Fonder teamed up with @Bitwise to build digital asset investment solutions for professional investors across Europe.
4️⃣ @Visa launched the Visa Stablecoin Platform with Open USD, enabling banks and fintechs to mint, move, and manage stablecoins across 200M+ merchants.
5️⃣ @circle signed MOUs with Kakao and Toss Bank to explore won-backed stablecoins and USDC payment rails in South Korea.
6️⃣ @Morpho shipped Midnight on Base, enabling fixed-rate, fixed-term lending markets and unlocking new PayFi opportunities.
7️⃣ The Middle East Stablecoin Association officially incorporated in the @DIFC, creating a formal hub for stablecoin policy, research, and industry collaboration.
8️⃣ @FTDA_US forecasts AI Agents driving trillions in blockchain commerce by 2030.
9️⃣ Japan’s AZ-COM Maruwa, a major logistics partner to Amazon, will roll out JPYC stablecoin payments to 2,300 subcontractors.
🔟 @Samsung is adding native stablecoin support to Samsung Wallet, bringing blockchain payments to hundreds of millions of Galaxy users.
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Hanami7/24news
Another huge week for the entire PayFi Ecosystem and the partners we’re building alongside.
Headlines ↓
1️⃣ Huma’s PST topped $200M market cap, now one of the fastest-growing yield assets and a top 3 yield-bearing asset on @Solana.
2️⃣ @galaxyhq joined @Morpho as a curator via @FireblocksHQ Earn, launching institutional stablecoin vaults with Huma’s PST among the first assets in the mix.
3️⃣ Nordic asset manager Alfakraft Fonder teamed up with @Bitwise to build digital asset investment solutions for professional investors across Europe.
4️⃣ @Visa launched the Visa Stablecoin Platform with Open USD, enabling banks and fintechs to mint, move, and manage stablecoins across 200M+ merchants.
5️⃣ @circle signed MOUs with Kakao and Toss Bank to explore won-backed stablecoins and USDC payment rails in South Korea.
6️⃣ @Morpho shipped Midnight on Base, enabling fixed-rate, fixed-term lending markets and unlocking new PayFi opportunities.
7️⃣ The Middle East Stablecoin Association officially incorporated in the @DIFC, creating a formal hub for stablecoin policy, research, and industry collaboration.
8️⃣ @FTDA_US forecasts AI Agents driving trillions in blockchain commerce by 2030.
9️⃣ Japan’s AZ-COM Maruwa, a major logistics partner to Amazon, will roll out JPYC stablecoin payments to 2,300 subcontractors.
🔟 @Samsung is adding native stablecoin support to Samsung Wallet, bringing blockchain payments to hundreds of millions of Galaxy users.
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meme7/24meme
quote: 👀 https://x.com/coinbureau/status/2080595175932567616 | JUST IN: Samsung reveals plans to bring native stablecoin support, the first in smartphone giants.
Samsung says its Samsung Wallet will support new forms of digital value, including stablecoins, claiming the move will make it "one of the first major mobile brands" to do so.
The company also reportedly demonstrated a $USDC interface with send, receive and top-up functions, although no issuer partner was announced.
Samsung, the world’s largest smartphone maker, has more than 1 BILLION active devices worldwide.
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news7/24news
Samsung, SK Hynix to announce major chip deals with US tech companies, Seoul says
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meme7/24meme
Top Overnight News
Trump imposes forced labor tariffs, drawing protests from trading partners. EU's Kallas questions US rationale for tariffs on bloc, seeks clarification. Brazil says US tariffs related to forced labor are 'arbitrary' and 'unjustified': RTRS
Stocks Get Some Relief as Brent Slips Below $100: BBG
Trump Is Losing Patience Over an Iran War With No Clear End in Sight: WSJ
Trump vows to punish Iran and Houthis for attacks in Red Sea: AP
Iran flew IRGC commanders, missile gear to Yemen's Houthis: RTRS
The Houthis Have Opened a New Front in the U.S.‑Iran War: WSJ
UK says armed forces ready to defend country after Iran warns over US bombers: RTRS
Iran strikes on CIA facilities prompt questions about possible Russian role: RTRS
US to Use Iran’s Frozen Funds to Pay for Ship Damage, Trump Says: BBG
SpaceX Is Turning Away Falcon Customers in Major Bet on Starship: BBG
Inside China’s All-Out Push to Catch Up With American AI Chips: WSJ
Canada to mark Gordie Howe bridge opening without US after trade war deepens: RTRS
Overseas Buyers In Hot Pursuit of US Crude as Wars Escalate: BBG
Samsung, SK Hynix to Ink Large Chip Supply Deals With US Firms: BBG
ECB Officials Avoid Clear Hints on Possible Hike for Now: BBG
VW Sees Another Sales Drop as China Decline Complicates Turnaround: BBG
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news7/24news
Top Overnight News
Trump imposes forced labor tariffs, drawing protests from trading partners. EU's Kallas questions US rationale for tariffs on bloc, seeks clarification. Brazil says US tariffs related to forced labor are 'arbitrary' and 'unjustified': RTRS
Stocks Get Some Relief as Brent Slips Below $100: BBG
Trump Is Losing Patience Over an Iran War With No Clear End in Sight: WSJ
Trump vows to punish Iran and Houthis for attacks in Red Sea: AP
Iran flew IRGC commanders, missile gear to Yemen's Houthis: RTRS
The Houthis Have Opened a New Front in the U.S.‑Iran War: WSJ
UK says armed forces ready to defend country after Iran warns over US bombers: RTRS
Iran strikes on CIA facilities prompt questions about possible Russian role: RTRS
US to Use Iran’s Frozen Funds to Pay for Ship Damage, Trump Says: BBG
SpaceX Is Turning Away Falcon Customers in Major Bet on Starship: BBG
Inside China’s All-Out Push to Catch Up With American AI Chips: WSJ
Canada to mark Gordie Howe bridge opening without US after trade war deepens: RTRS
Overseas Buyers In Hot Pursuit of US Crude as Wars Escalate: BBG
Samsung, SK Hynix to Ink Large Chip Supply Deals With US Firms: BBG
ECB Officials Avoid Clear Hints on Possible Hike for Now: BBG
VW Sees Another Sales Drop as China Decline Complicates Turnaround: BBG
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news7/24news
Samsung, Sk Hynix to Ink Large Chip Supply Deals with US Firms- Bloomberg News
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SOUTH KOREA'S POLICY CHIEF ANNOUNCES SAMSUNG AND HYNIX WILL SIGN NEW LONG-TERM CHIP SUPPLY DEALS, WITH BOTH COMPANIES EXPECTED TO REVEAL SIGNIFICANT NUMBERS DURING PRESIDENT LEE'S VISIT TO THE U.S.