Editor's note: In last week's "Coin Stock Wind Vane" article, we mentioned that "the short-term Korean stock market is experiencing a correction." However, the Korean stock market in the past week still seems to be in the stage of "violent deleveraging and strong bubble squeeze". Although Hynix will be listed on the U.S. stock ADR on July 10, the price still experienced a deep correction; today South Korea's KOSPI index fell sharply again 8%, triggering the circuit breaker; Foreign capital is accelerating its flight, but retail investors still choose to "take over the market for the country." In terms of price, Hynix’s share price has fallen to 2.096 million won, a drop of more than 28%, from the high of 2.917 million won on June 25. At present, we can only hope that on the 10th (this Friday) as much as US$28 billion in U.S. stock funds can bear the selling pressure. After Samsung announced "Q2 operating profit of 89.4 trillion won, 6% higher than market expectations," its stock price fell by more than 8%. The market widely believed that this data had been fully priced in advance, which instead dragged the Korean index down. From the author's personal point of view, the two leading Korean stocks have reached a periodic low. It is not ruled out that they will fall further in the future, but they have entered the striking zone.

In terms of U.S. stocks, the "Trump Account" event held by Trump in the White House office last night once again injected a boost into the market. During the meeting, he once called for orders for Dell (DELL) and Micron (MU); and he also made it clear that "the market will skyrocket", "short sellers are being liquidated", "I never like short sellers because they are betting against the country." SpaceX and Robinhood are also within the scope of the "Trump Account" and are expected to benefit from this type of fund allocation in the long term.

Finally, there is also new news about Changxin Storage mentioned last week. According to Korean media, Changxin Memory is testing a packaged DRAM production line. The technology itself and development speed may be ahead of Korean competitors such as Hynix and Samsung Electronics. The attention level of Changxin Storage's IPO has been raised again, and it can now be included in the S-level, which is the same as Hynix's US stock listing.

As for crypto concept stocks, as the BTC market began to rebound slightly to above $64,000, MSTR, BMNR, and CRCL also had a small rebound. However, combined with the current market that has no long-term and lasting momentum support, the decline may continue in the future. Combined with the liquidation of positions by some DAT treasury companies, the stock prices of related targets plummeted, and short selling was another option for investors.

More currency and stock market information can be found MSX.COM.(Odaily Planet Daily Note: The content of this article does not constitute investment advice and is only for learning and exchange)

List of stock market views: Chips and memory are still the main tone, and the encryption market is still weak

Chip stocks lead the rally, with the S&P 500 index expected to exceed 8,000 points. Institutions are bullish on Micron and short on Qualcomm

The Kobeissi Letter said that chip stocks have become the new leading sector in this round of U.S. stock bull market. Although many stocks in the "Magnificent 7" have fallen more than 20% from their recent highs, the semiconductor sector has taken over the market's leading baton. In fact, eight of the 10 best-performing stocks in the S&P 500 this year are from the chip industry. The S&P 500 is poised to top 8,000 as large-cap technology stocks regain market dominance while the semiconductor sector remains strong or trading high.

In addition, Citi analysts said in a research report: "Given that DRAM chip prices are expected to rise in the second half of 2026, Micron Technology will be included in the "upside catalyst" watch list; at the same time, due to weak smartphone sales growth, Qualcomm will be included in the "downside catalyst" watch list." Citi analysts said: "Fundamentally speaking, artificial intelligence computing demand is still in short supply, and recently AWS EC2 GPU The 20% price increase reflects this. The shortage of DRAM is the biggest constraint on the current supply of computing power."

View: The memory chip sector may repeat Nvidia’s “fundamentals reaching new highs and stock prices going sideways” trend

Citrini researcher Jukan issued an article saying that the current market expectations for the memory chip sector are already at a high level, regardless of whether the financial report exceeds expectations, the stock price may be under pressure. If the performance exceeds expectations, the market may be worried about the peak of the industry cycle; if the performance is less than expected, it may be interpreted as the end of the memory chip boom cycle. Jukan also expressed concern that the memory chip sector will repeat Nvidia's previous trend of "continuing to hit new highs in fundamentals, but the stock price has been sideways for a long time." That is, corporate profits continue to set new records, but because market expectations have been fully priced in, the stock price performance is relatively flat.

The encryption market activity is low this month, and US stock and commodity prices are more worthy of attention

Greeks.live macro researcher Adam posted that from the perspective of position distribution, positions for all maturities before the end of this month are very low, totaling about 15%, which is a sign of low market activity. On the other hand, GEX is concentrated in $60,000 put options and $63,000 call options, which respectively correspond to the upper and lower prices of the two recent shock ranges. This market may obviously follow the external market, and the recent US stock and commodity prices are more worthy of attention.

Weekly update on cryptocurrency and stock listed companies

Representative companies of BTC Treasury listed companies

Strategy sold over $200 million in BTC in a single week, and Metaplanet purchased BTC for the first time in ten weeks

According to SoSoValue data, as of 8:00 a.m. ET on July 6, 2026, the total weekly net buying of Bitcoin by global listed companies (excluding mining companies) last week was US$10.57 million, a decrease of 27.85% compared to last week.

Strategy (formerly MicroStrategy) sold 1,363 Bitcoins on June 30 for about $80.8 million, with an average price of $59,256, and its holdings dropped to 846,000; it sold 2,225 Bitcoins again on July 5 for about $135 million, with an average price of $60,773, and its holdings further dropped. 843,775 pieces.

For the first time in 10 weeks, Japanese listed company Metaplanet announced that it had invested US$225 million to purchase 2,823 Bitcoins at a price of US$79,664, bringing its total holdings to 40,177 Bitcoins.

In addition, 2 other companies purchased Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced on July 5 that it had purchased 1 Bitcoin for an undisclosed amount, with its total holdings reaching 3,897. Asset management company Strive announced on July 6 that it had spent US$1.68 million to purchase 17.76 Bitcoins at a price of $64,761, bringing its total holdings to 19,882.

As of press time, the total number of Bitcoins held by global listed companies (excluding mining companies) in the statistics is 1,141,812, a decrease of 0.04% compared to last week. The current market value is approximately US$70.3 billion, accounting for 5.7% of the circulating market value of Bitcoin.

Empery Digital has accumulated a total of 1,200 BTC in the past 6 days, worth US$72.65 million

According to Onchain Lens monitoring, Nasdaq-listed company Empery Digital (3KPA...NL9c) once again received 200 BTC, worth $12.84 million; in the past 6 days, the company has accumulated a total of 1,200 BTC, worth $72.65 million.

Data: Listed companies have net purchased nearly 167,000 BTC this year, which is twice the mining output in the same period

Market data shows that listed companies have purchased a net of 166,984 BTC so far this year, which is twice the 81,153 BTC mined so far this year, with an average daily purchase of 912 BTC.

K Wave Media, a listed company in South Korea, cleared 88 BTC and exited the ranks of Bitcoin treasury companies

According to BitcoinTreasuries data, South Korean listed company K Wave Media (KWM) has sold all remaining 88 BTC to repay $6 million in debt. After the sale was completed, the company's Bitcoin holdings dropped to 0, and it exited the ranks of Bitcoin treasury companies.

K Wave Media announced last year that it had obtained $1 billion in Bitcoin treasury financing capabilities and planned to expand its Bitcoin holdings to 10,000 as soon as possible. But in May this year, the company shifted its remaining financing of up to US$485 million from its Bitcoin treasury strategy to AI infrastructure construction, including data centers, GPU computing power and related acquisitions.

American Bitcoin backed by the Trump family will conduct a 1:15 reverse stock split to maintain Nasdaq listing qualifications

American Bitcoin, the Bitcoin mining and treasury company founded by Eric Trump and Donald Trump Jr., announced that it will implement a 1:15 reverse stock split next week to meet Nasdaq’s minimum $1 purchase price requirement.

The reverse stock split will take effect after the market closes on Thursday and will continue to trade under the symbol ABTC at the adjusted price on Monday. Under the arrangement, every 15 shares of Class A and Class B common stock will automatically merge into 1 share, reducing the company's total number of shares outstanding from approximately 1.09 billion shares to approximately 73 million shares. The split was approved at the annual shareholder meeting in June.

American Bitcoin shares fell to an all-time low of around $0.64 on Wednesday, down more than 64% year-to-date. The company currently holds 7,500 BTC and is the 16th largest listed Bitcoin holding company in the world.

Empery Digital spends $65 million to deploy US AI data center

Emery Digital, a Nasdaq-listed Bitcoin treasury company, announced that it has signed a final cooperation agreement with Hunt Properties and spent US$65 million to acquire a 25% stake in the new project entity. The entity plans to acquire and renovate industrial plants in the Midwestern United States to build a professional AI data center.

The two parties have reached a long-term strategic partnership to jointly develop computing assets, promote the expansion of AI and high-performance computing HPC infrastructure, and integrate the advantages of power supply, grid access, and capital market financing. At the same time, Empery Digital announced that it will terminate its previous public data disclosure based on the net asset value of Bitcoin positions NAV. The company explained that the current asset structure can no longer be measured solely by Bitcoin positions. In the future, it will focus on seizing the growth opportunities of AI computing power and energy infrastructure to diversify its physical computing power business.

ETH treasury listed company representative company

Bitmine increased its holdings of 42,197 ETH last week, with total holdings exceeding 5.74 million

Ethereum treasury company Bitmine disclosed that it increased its holdings of 42,197 Ethereum last week. As of June 28, 2026, its total Ethereum holdings reached 5,742,237, accounting for approximately 4.8% of the total supply of Ethereum.

As of now, the total value of Bitmine’s cryptocurrency, cash and other investment assets held is approximately US$11.1 billion, including US$527 million in cash and marketable securities, 206 Bitcoins, US$180 million in Beast Industries equity assets and a US$71 million investment in Eightco Holdings (ORBS). As of July 5, the number of pledged Ethereums was 4,879,157 (accounting for 85% of the total holdings), worth approximately US$8.8 billion, and the current annualized staking income is approximately US$235 million.

Sharplink previously increased its holdings of 10,000 ETH, raising its total holdings to approximately 886,725

Last week, Sharplink (SBET), a Nasdaq-listed Ethereum treasury company, announced its latest acquisition of 10,000 ETH at an average purchase price of approximately $1,611, raising its total ETH holdings to approximately 886,725. At the same time, the company repurchased 2,132,773 shares of its common stock in the open market at an average price of $4.69, bringing the total number of shares repurchased since the launch of the repurchase program in August 2025 to 4,071,223 shares.

As of June 28, Sharplink’s total Ethereum holdings structure includes: 632,719 native ETH, 181,299 LsETH equivalent assets and 72,707 weETH equivalent assets. The company said it will continue to promote the dual-track capital strategy of ETH asset reserve expansion and stock repurchase in parallel.

Representative company of SOL Treasury listed companies

Forward Industries increased its holdings of over 500,000 SOLs in the third quarter, with total holdings rising to 7.55 million

Solana treasury company Forward Industries releases third quarter fiscal 2026 update. The report shows that the company increased its holdings of more than 500,000 SOL this quarter, and its total holdings increased to 7.55 million.

In addition, the company's fully diluted SOL per share increased to 0.0729 from 0.0669 in the previous quarter, an increase of 36% on a quarter-on-quarter annualized basis. During the same period, the company issued 93,642 ordinary shares through At The Market (ATM), completing value-added financing at a premium to the net asset value (NAV).

Forward stated that in the future, it will continue to increase SOL holdings per share through open market capital operations (including discounted repurchases, premium issuance) and leverage strategies (using fwdSOL as collateral), and will further broaden institutional capital channels through inclusion in the Russell 2000 and Russell 3000 indices.

Representative companies of altcoin treasury listed companies

Added 600,000 HYPE in seven days last week, and Hyperliquid Strategies bought approximately $40.6 million worth of tokens

On July 3, HYPE treasury company Hyperliquid Strategies (PURR) announced that it had purchased a total of 600,000 native tokens HYPE in the past seven days, with a total value of approximately US$40.6 million based on the current market price. This increase used a cash position of US$36 million, and the institution still holds US$149.4 million in cash reserves. The institution's current adjusted net asset value per share, mNAV, is close to or even lower than 1, so it has not issued new shares yet, and this increase in positions has been completed using its own cash.

AVAX Treasury AVAT's stock price plummeted 93% in the past month, warning that the company may not be able to continue operating

Nasdaq-listed company Avalanche Treasury Corp (AVAT) stated in its quarterly report submitted to the U.S. Securities and Exchange Commission (SEC) that there are significant doubts about the company's ability to continue as a going concern.

Data show that AVAT’s stock price has fallen by 93% in the past month, from more than $10 in early June to less than $0.73 on June 29. The company completed a merger with Mountain Lake Acquisition Corp to go public on June 11 and planned to build AVAX reserves worth $1 billion, but the cost of its AVAX holdings of about $265 million has now shrunk to about $123 million. In addition, AVAX has fallen about 47% this year and was trading at about $6.72 last Wednesday.