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)”
Tom Lee: ETH 2.0 Could Support a $250,000 Long Term Target
On July 13, 2026, at WebX 2026 in Tokyo, BitMine Chairman Tom Lee @fundstrat said Ethereum is entering its 2.0 phase, using Amazon, Nvidia, and JPMorgan as re-rating analogies and arguing that ETH will become money and serve as a settlement rail in an AI agent driven world shaped by the “uncanny valley of wealth” thesis. BitMine now holds 5.74 million ETH, or 4.8% of supply, has led ETH Labs and Ethereum Institutional, and plans to keep concentration below 5% while continuing to fund Ethereum related projects, public goods, and broader ecosystem growth.
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meme7/26meme
Tom Lee: ETH 2.0 Could Support a $250,000 Long Term Target
On July 13, 2026, at WebX 2026 in Tokyo, BitMine Chairman Tom Lee @fundstrat said Ethereum is entering its 2.0 phase, using Amazon, Nvidia, and JPMorgan as re-rating analogies and arguing that ETH will become money and serve as a settlement rail in an AI agent driven world shaped by the “uncanny valley of wealth” thesis. BitMine now holds 5.74 million ETH, or 4.8% of supply, has led ETH Labs and Ethereum Institutional, and plans to keep concentration below 5% while continuing to fund Ethereum related projects, public goods, and broader ecosystem growth.
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news7/26news
Tom Lee: ETH 2.0 Could Support a $250,000 Long Term Target
On July 13, 2026, at WebX 2026 in Tokyo, BitMine Chairman Tom Lee @fundstrat said Ethereum is entering its 2.0 phase, using Amazon, Nvidia, and JPMorgan as re-rating analogies and arguing that ETH will become money and serve as a settlement rail in an AI agent driven world shaped by the “uncanny valley of wealth” thesis. BitMine now holds 5.74 million ETH, or 4.8% of supply, has led ETH Labs and Ethereum Institutional, and plans to keep concentration below 5% while continuing to fund Ethereum related projects, public goods, and broader ecosystem growth.
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news7/26news
Tom Lee: ETH 2.0 Could Support a $250,000 Long Term Target
On July 13, 2026, at WebX 2026 in Tokyo, BitMine Chairman Tom Lee said Ethereum is entering its 2.0 phase, using Amazon, Nvidia, and JPMorgan as re-rating analogies and arguing that ETH will become money and serve as a settlement rail in an AI agent driven world shaped by the “uncanny valley of wealth” thesis. BitMine now holds 5.74 million ETH, or 4.8% of supply, has led ETH Labs and Ethereum Institutional, and plans to keep concentration below 5% while continuing to fund Ethereum related projects, public goods, and broader ecosystem growth.
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meme7/26meme
Tom Lee: ETH 2.0 Could Support a $250,000 Long Term Target
On July 13, 2026, at WebX 2026 in Tokyo, BitMine Chairman Tom Lee said Ethereum is entering its 2.0 phase, using Amazon, Nvidia, and JPMorgan as re-rating analogies and arguing that ETH will become money and serve as a settlement rail in an AI agent driven world shaped by the “uncanny valley of wealth” thesis. BitMine now holds 5.74 million ETH, or 4.8% of supply, has led ETH Labs and Ethereum Institutional, and plans to keep concentration below 5% while continuing to fund Ethereum related projects, public goods, and broader ecosystem growth.
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news7/26news
Tom Lee: ETH 2.0 Could Support a $250,000 Long Term Target
On July 13, 2026, at WebX 2026 in Tokyo, BitMine Chairman Tom Lee said Ethereum is entering its 2.0 phase, using Amazon, Nvidia, and JPMorgan as re-rating analogies and arguing that ETH will become money and serve as a settlement rail in an AI agent driven world shaped by the “uncanny valley of wealth” thesis. BitMine now holds 5.74 million ETH, or 4.8% of supply, has led ETH Labs and Ethereum Institutional, and plans to keep concentration below 5% while continuing to fund Ethereum related projects, public goods, and broader ecosystem growth.
80·ALong
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meme7/26meme
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.
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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AWS: OpenAI Gpt-5.6 SOL, Terra, and Luna Are Now Generally Available on Amazon Bedrock
Premarket movers:
Tesla leads gains among Mag 7 stocks after the electric vehicle maker plunged about 15% on Thursday (Tesla +1.3%, Microsoft +1.1%, Alphabet +0.7%, Meta +0.7%, Amazon +0.5%, Apple +0.2%, Nvidia -0.4%)
Amkor Technology (AMKR) rallies 11% after the company announced a $1.5 billion multi-year binding agreement with Nvidia to develop advanced semiconductor packaging and test technologies for next-generation AI and accelerated computing platforms.
Intel (INTC) gains 4% (well below the kneejerk surge 12% higher) after the chipmaker’s third-quarter forecast was much stronger than analysts’ expectations. The results highlighted both the durability of AI-related demand, as well as the success of Intel’s turnaround.
MaxLinear (MXL) slides 11% after the semiconductor device company reported second-quarter results that were only modestly ahead of expectations. While its third-quarter revenue forecast was stronger than expected, its view for adjusted gross margin was largely in line at the midpoint of the range.
Oracle (ORCL) is up 2.6% after the software company said it had been awarded a 10-year IDIQ contract by the US Department of Defense under its Enterprise Software Initiative. The contract is valued at $3.31 billion for the first five years and up to $6.99 billion if options are exercised.
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BYBIT: Bybit expands Dual Asset with xStocks, offering yield on tokenized stocks like SpaceX, Nvidia, Apple, and Amazon
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Bybit expands Dual Asset with xStocks, offering yield on tokenized stocks like SpaceX, Nvidia, Apple, and Amazon
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BYBIT: Bybit expands Dual Asset with xStocks, offering yield on tokenized stocks like SpaceX, Nvidia, Apple, and Amazon
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Bybit expands Dual Asset with xStocks, offering yield on tokenized stocks like SpaceX, Nvidia, Apple, and Amazon