Editor’s Note: In last week’s “Crypto & Stock Trends” article, we mentioned that “the Korean stock market is experiencing a short-term correction.” Over the past week, the Korean market still appears to be in a phase of “violent deleveraging and aggressive bubble bursting.” Despite Hynix’s upcoming U.S. ADR listing on July 10, its price has undergone a sharp correction; today, the Korean KOSPI index plunged another 8%, triggering a circuit breaker. Foreign investors are accelerating their exit, while retail investors continue to “step in to support the market.” On the price front, Hynix’s stock has dropped from its June 25 high of 2.917 million KRW to 2.096 million KRW—a decline of over 28%. At this point, hope rests on $28 billion in U.S. capital arriving on the 10th (this Friday) to absorb the selling pressure. Meanwhile, Samsung’s shares fell more than 8% after reporting a Q2 operating profit of 89.4 trillion KRW—6% above market expectations—suggesting the figure was already fully priced in, further dragging down the broader index. In my personal view, the two leading Korean stocks have likely reached a阶段性 low point and may still decline further, but they have now entered the strike zone.
In the U.S. stock market, last night’s “Trump Account” event held by Trump in the White House office once again injected strong momentum into the market, during which he explicitly recommended Dell (DELL) and Micron (MU); he also clearly stated, “The market will surge,” “Short sellers are being liquidated,” and “I have never liked short sellers because they are betting against the country.” SpaceX and Robinhood are also within the influence scope of the “Trump Account” and are expected to benefit long-term from this type of capital allocation.
Finally, there is new news regarding CXMT, mentioned last week. According to Korean media, CXMT is testing a DRAM packaging production line, which may lead its Korean competitors, such as SK Hynix and Samsung Electronics, in both technology and development speed. The importance of CXMT’s IPO has been elevated again and is now classified at the same S-tier as SK Hynix’s U.S. listing.
Regarding cryptocurrency-related stocks, as BTC begins a modest rebound above $64,000, MSTR, BMNR, and CRCL have also seen a small rally. However, given the current market lacks sustained long-term momentum, prices may resume their downward trend. Coupled with some DAT treasury companies liquidating their holdings—leading to sharp declines in related stock prices—short selling remains another viable option for investors.
For more information on the coin stock market, visit MSX.COM. (Odaily Planet Daily Note: The content of this article does not constitute investment advice and is for learning and exchange purposes only.)
Market outlook: Chips and memory remain the main focus; crypto market sentiment remains weak.
Chip stocks led gains, with the S&P 500 poised to break 8,000; institutions are bullish on Micron and bearish on Qualcomm.
The Kobeissi Letter stated that chip stocks have become the new leading sector in this round of the U.S. stock market bull run. Although many of the individual stocks in the "Magnificent 7" have declined more than 20% from their recent highs, the semiconductor sector has taken over as the market's leading driver. In fact, 8 of the top 10 best-performing stocks in the S&P 500 this year are from the chip industry. As large-cap tech stocks regain market dominance and the semiconductor sector maintains strength or trades in a high-range consolidation, the S&P 500 is poised to break above 8,000 points.
In addition, Citigroup analysts stated in their research report: “Given the expected rise in DRAM chip prices in the second half of 2026, Micron Technology has been added to the list of ‘upside catalysts’; meanwhile, due to weak growth in smartphone sales, Qualcomm has been added to the list of ‘downside catalysts.’” The Citigroup analysts added: “Fundamentally, demand for AI computing remains in short supply relative to supply, as evidenced by the recent 20% price increase in AWS EC2 GPUs. DRAM shortages are currently the largest constraint on computing capacity supply.”
Opinion: The memory chip sector may replicate NVIDIA's pattern of fundamental improvements accompanied by stagnant stock prices.
Researcher Jukan from Citrini stated that current market expectations for the memory chip sector are already high, and stock prices may face pressure regardless of whether earnings exceed expectations. If results surpass expectations, the market may worry that the industry cycle has peaked; if results fall short, it could be interpreted as the end of the memory chip upcycle. Jukan also noted concerns that the memory chip sector could replicate NVIDIA’s previous pattern—where fundamentals continued to break records, but stock prices remained flat for an extended period—because market expectations have already fully priced in the positive outlook.
This month, the cryptocurrency market has seen low activity;美股 and commodity prices may be more worth noting.
Adam, a macro researcher at Greeks.live, noted that based on open interest distribution, open interest across all maturities is currently low, totaling around 15%, indicating low market activity. On the other hand, GEX is concentrated at the $60,000 put options and $63,000 call options, corresponding to the recent price boundaries of two trading ranges; the market may closely follow external markets, making recent U.S. stock and commodity prices particularly worth monitoring.
Weekly update on cryptocurrency and stock listed companies
Representative listed companies in the BTC treasury
Strategy sold over $200 million in BTC in a single week; Metaplanet purchased BTC for the first time in ten weeks
According to SoSoValue data, as of 8:00 AM Eastern Time on July 6, 2026, the total net weekly purchase of Bitcoin by global public companies (excluding mining companies) was $10.57 million, a decrease of 27.85% compared to the previous week.
Strategy (formerly MicroStrategy) sold 1,363 bitcoins on June 30 for approximately $80.8 million at an average price of $59,256, reducing its holdings to 846,000 bitcoins; it sold another 2,225 bitcoins on July 5 for approximately $135 million at an average price of $60,773, further reducing its holdings to 843,775 bitcoins.
Japanese publicly traded company Metaplanet has announced its first investment in 10 weeks, purchasing 2,823 bitcoins at $79,664 each, for a total of $225 million, bringing its total holdings to 40,177 bitcoins.
Additionally, two other companies purchased Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced on July 5 that it bought 1 Bitcoin, with the exact amount undisclosed, bringing its total holdings to 3,897 Bitcoins. Asset management firm Strive announced on July 6 that it spent $1.68 million to purchase 17.76 Bitcoins at a price of $64,761 each, increasing its total holdings to 19,882 Bitcoins.
As of the time of writing, the total number of bitcoins held by publicly listed companies globally (excluding mining companies) amounts to 1,141,812 BTC, a 0.04% decrease from last week, with a current market value of approximately $70.3 billion, representing 5.7% of Bitcoin’s circulating market cap.
Empery Digital has accumulated 1,200 BTC over the past 6 days, valued at $72.65 million.
According to Onchain Lens, Nasdaq-listed Empery Digital (3KPA...NL9c) has again received 200 BTC, valued at $12.84 million; over the past six days, the company has accumulated a total of 1,200 BTC, valued at $72.65 million.
Data: Publicly traded companies bought nearly 167,000 BTC net this year, twice the amount mined during the same period.
Market data shows that publicly traded companies have net purchased 166,984 BTC year-to-date, twice the 81,153 BTC mined since the beginning of the year, averaging 912 BTC purchased daily.
South Korean publicly listed company K Wave Media has sold its entire holding of 88 BTC, exiting the ranks of Bitcoin treasury companies.
According to BitcoinTreasuries, South Korean publicly listed company K Wave Media (KWM) has sold its remaining 88 BTC to repay a $6 million debt. After the sale, the company’s Bitcoin holdings have dropped to 0, exiting the ranks of Bitcoin treasury companies.
K Wave Media previously announced last year that it had secured a $1 billion Bitcoin treasury funding capacity and planned to increase its Bitcoin holdings to 10,000 BTC as soon as possible. However, in May of this year, the company shifted up to $485 million of its remaining funding allocation from its Bitcoin treasury strategy toward AI infrastructure development, including data centers, GPU computing power, and related acquisitions.
The American Bitcoin supported by the Trump family will undergo a 1:15 reverse split to maintain its Nasdaq listing eligibility.
American Bitcoin, a bitcoin mining and treasury company founded by Eric Trump and Donald Trump Jr., has announced that it will implement a 1:15 reverse stock split next week to meet Nasdaq’s minimum $1 bid price requirement.
This reverse stock split will take effect after Thursday’s market close and will continue trading under the ABTC ticker symbol at the adjusted price on next Monday. Under the arrangement, every 15 shares of Class A and Class B common stock will be automatically consolidated into one share, reducing the company’s total outstanding shares from approximately 1.09 billion to approximately 73 million. The split plan was approved at the annual shareholder meeting in June.
American Bitcoin's stock price fell to a historic low of approximately $0.64 on Wednesday, down more than 64% year-to-date. The company currently holds 7,500 BTC, making it the 16th largest publicly traded Bitcoin holder globally.
Empery Digital invests $650 million in U.S. AI data centers
Nasdaq-listed Bitcoin treasury company Empery Digital has announced that it has signed a definitive agreement with Hunt Properties to acquire a 25% equity stake in a new project entity for $65 million. The entity plans to acquire and retrofit industrial facilities in the U.S. Midwest to develop specialized AI data centers.
The two parties have established a long-term strategic partnership to jointly develop computing power assets and expand AI and high-performance computing (HPC) infrastructure, integrating advantages from power supply, grid access, and capital market financing. Meanwhile, Empery Digital has announced the termination of its previous public disclosures based on the net asset value (NAV) of its Bitcoin holdings. The company explained that its current asset structure can no longer be accurately measured solely by Bitcoin holdings, and will henceforth focus on growth opportunities in AI computing power and energy infrastructure, diversifying its physical computing power business.
Representative companies with ETH treasury holdings
Bitmine increased its ETH holdings by 42,197 last week, bringing its total holdings to over 5.74 million ETH.
Ethereum treasury firm Bitmine disclosed that it added 42,197 ETH last week. As of June 28, 2026, its total Ethereum holdings reached 5,742,237 ETH, accounting for approximately 4.8% of Ethereum’s total supply.
As of now, Bitmine’s total value of cryptocurrencies, cash, and other investment assets is approximately $11.1 billion, including $527 million in cash and marketable securities, 206 bitcoins, $180 million in equity assets from Beast Industries, and a $71 million investment in Eightco Holdings (ORBS). As of July 5, the amount of Ethereum staked by Bitmine is 4,879,157 ETH (85% of its total holdings), valued at approximately $8.8 billion, with an annualized staking yield of about $235 million.
Sharplink previously increased its holdings by 10,000 ETH, raising its total position to approximately 886,725 ETH.
Last week, Nasdaq-listed Ethereum treasury company Sharplink (SBET) announced its latest acquisition of 10,000 ETH at an average purchase price of approximately $1,611, increasing its total ETH holdings to approximately 886,725 ETH. Meanwhile, the company repurchased 2,132,773 shares of common stock on the open market at an average price of $4.69, bringing the total shares repurchased since the launch of its buyback program in August 2025 to 4,071,223 shares.
As of June 28, Sharplink’s total Ethereum holdings consist of 632,719 native ETH, 181,299 LsETH-equivalent assets, and 72,707 weETH-equivalent assets. The company stated it will continue pursuing a dual capital strategy of expanding its ETH reserve while simultaneously executing share repurchases.
Representative enterprises of the SOL treasury listed on public markets
Forward Industries increased its holdings by over 500,000 SOL in the third quarter, bringing its total stake to 7.55 million SOL.
Forward Industries, the treasury company for Solana, released its Q3 fiscal year 2026 update. The report shows that the company increased its SOL holdings by over 500,000 SOL this quarter, bringing its total holdings to 7.55 million SOL.
Additionally, the company’s fully diluted EPS for SOL increased from $0.0669 in the previous quarter to $0.0729, representing a 36% year-over-year growth. During the same period, the company raised additional capital by issuing 93,642 common shares through an At The Market (ATM) offering at a premium to its net asset value (NAV).
Forward stated that it will continue to increase SOL per share through public market capital operations (including discounted buybacks and premium issuances) and leverage strategies (using fwdSOL as collateral), while further expanding institutional capital channels by inclusion in the Russell 2000 and Russell 3000 indices.
Representative enterprises of altcoin treasury public companies
Over the past seven days, Hyperliquid Strategies added 600,000 HYPE tokens, purchasing approximately $40.6 million worth of the token.
On July 3, Hyperliquid Strategies (PURR), the treasury firm behind HYPE, announced that it had accumulated 600,000 native HYPE tokens over the past seven days, equivalent to approximately $40.6 million at current market prices. This position increase was funded using $36 million in cash reserves, leaving the firm with $149.4 million in remaining cash reserves. As the firm’s adjusted net asset value per share (mNAV) has approached or fallen below 1, no new shares have been issued; this position increase was fully funded using自有 cash.
AVAX treasury AVAT stock has plummeted 93% in the past month, warning that the company may not be able to continue operations.
Nasdaq-listed company Avalanche Treasury Corp (AVAT) stated in its quarterly filing with the U.S. Securities and Exchange Commission (SEC) that there is substantial doubt about the company's ability to continue as a going concern.
Data shows that AVAT's stock price has fallen 93% over the past month, dropping from over $10 in early June to under $0.73 on June 29. The company completed its merger with Mountain Lake Acquisition Corp. and listing on June 11, with plans to establish a $1 billion AVAX reserve; however, its AVAX holding cost of approximately $265 million has now declined to about $123 million. Additionally, AVAX has fallen approximately 47% year-to-date, closing at around $6.72 last Wednesday.