BlockBeatNews

BlockBeats reported on July 7 that BofA Securities issued a research report stating that the six-month lock-up period for MINIMAX-W's listing will expire tomorrow (the 8th), which is expected to cause stock price volatility. However, there is a chance it will be included in the Stock Connect on August 6th, which may also provide liquidity support. The firm maintains a "Buy" rating on MiniMax with a target price of HKD 500.

BlockBeats reports that according to Coinglass data, Coinbase's Bitcoin premium index has been in negative territory for 50 consecutive days since May 19, with the latest reading at -0.0742%, setting the longest negative premium record since the indicator's inception. Previously, from January 16 to February 24, it also experienced a 40-day negative premium streak, surpassing the record set during the 1011 crash period. A prolonged negative premium often coincides with institutional capital outflows from the U.S., which may suggest short-term market correction pressure.

SpaceX has officially been included in the Nasdaq 100, becoming one of the fastest large-cap stocks to enter the index, and is expected to drive passive index fund allocations. Wall Street generally views it not just as a rocket company but as a platform enterprise driven by Starlink and AI infrastructure. Goldman Sachs has a buy rating with a $205 target, Morgan Stanley has an overweight with $300, UBS has a buy with $210, Oppenheimer has an outperform with $250; Morningstar's valuation is approximately $780 billion, with a focus on earnings realization. Overall, SpaceX has strong technological barriers and long-term growth potential, with valuation divergence mainly stemming from expectations of future earnings paths.

On July 6, 2026, Coinbase’s Deribit and SignalPlus, a leading provider of crypto derivatives software and infrastructure solutions, jointly announced the launch of the fifth trading competition—"The Island"—the largest one to date.




This competition lasts 35 days, with a total prize pool of up to 600,000 USDC, covering individual and team competitions, daily and weekly reward rounds, a blind box deposit mechanism, short-term option challenges, and a "Private Island" grand prize.


Registration for "The Island" competition opened at 08:00 UTC on June 29, and the competition runs from 08:00 UTC on July 6 to 23:59 UTC on August 10. Participating users

BlockBeats News, July 7 - Former Tether Chief Investment Officer Richard Heathcote plans to sell part of his Tether equity, currently holding approximately 1.26%. The secondary equity sale is being handled by PJT Partners, which is currently in talks with potential buyers.

Whale address 0xf822 deposited approximately $6.3 million USDC into Hyperliquid, opening a 3x leveraged HYPE short position, holding about 692.2k HYPE, with a position size of approximately $49 million, opened at $66.02, stop loss at $70.78, and an unrealized loss of about $3.3 million. This address holds a total of 5 positions, with total positions of about $126.8 million, and cumulative realized profit of about $4.39 million.

Prediction markets show that the 2026 United States-Canada-Mexico World Cup Round of 16 will feature Argentina vs. Egypt, with Argentina's probability of advancing at about 85% and Egypt's at about 14%. Both teams needed the full 120 minutes to advance in the previous round: Argentina eliminated Cape Verde in extra time, while Egypt defeated Australia on penalties. This match will see the first direct encounter between Messi and Salah in a World Cup.

The yen is approaching 162 against the dollar, with leveraged funds holding a net short position of approximately 138k contracts on June 30, which is elevated and crowded. Intervention can drive short-term rebounds, but the trend still depends on the Japan-U.S. interest rate differential and the central bank's policy path; if the Bank of Japan continues to lean hawkish or expectations shift regarding the Fed, the profit structure for shorts will be weakened. The yen's weakness is also spreading to Japanese government bonds and Asian currencies.

Multiple Wall Street institutions view the semiconductor pullback as a buying opportunity, but AI investment will shift to stock picking. Goldman Sachs favors specific sectors such as AMD and Applied Materials; JPMorgan, Bank of America, and UBS emphasize long-term growth and leading stocks; Morgan Stanley suggests focusing on earnings realization and cloud infrastructure beneficiaries, as the market will place greater emphasis on individual stock fundamentals and the sustainability of AI demand.

Federal Reserve Governor Waller says forward guidance can be withdrawn; the interest-rate path is no longer fixed. The market will rely more on real-time data, policy certainty will decline, and assets will become more sensitive to data. Risks in the Middle East are rising again: attacks in the Strait of Hormuz coexist with ample supply, and oil prices depend on actual supply shocks. Japan’s debt and yen weakness have raised questions about the BOJ’s room for maneuver, while funds continue to flow into high-yield U.S. dollar assets. In the crypto market, due to a lack of central-bank forward guidance, trading is driven by data and liquidity, geopolitical risks are increasing, and it will remain cautious in the short term.

BlockBeats reports that Hyperinsight monitoring shows that after Japan’s semiconductor stocks dropped sharply, they rebounded slightly. For SK Hynix (SKHX), Hyperliquid has not seen any significant “far-end” dip-buying wall. In the rebound area, the sell orders are clearly larger than the buy orders. Based on statistics $50 above the current price, the sell order size is about 1.68 times the buy order size. In the 1610–1650 range, there are 81 orders concentrated as a sell wall, totaling about $12.189 million. In the 1300–1390 range, buy orders are about $5.737 million, with buy-side support significantly weaker than the sell pressure. In addition, the HyperInsight Bot has been launched—join the TG group to automatically sync on-chain information.

On July 7, global brokerages initiated coverage on SpaceX and preliminarily formed a consensus buy rating, with at least six institutions giving buy ratings, optimistic about long-term growth, though profitability and valuation remain questionable. Morgan Stanley stated that SpaceX can convert energy into intelligence and commercialize it through AI solutions, with a target price of $300, the highest among investment banks, up about 87% from Monday's closing price. Scenario analysis suggests the stock price could fluctuate in the range of $75–$600, with 2030 revenue estimated at approximately $319 billion and 2040 revenue at approximately $3.3 trillion.

BlockBeats news, July 7, Goldman Sachs initiated coverage of SpaceX with a "Buy" rating and a price target of $205.

According to Beating monitoring, as exclusively reported by 36Kr, Xiaomi has recently carried out another round of organizational and architectural adjustments to its core AI product team, “Xiao Ai Tong Xue” (Xiao Ai classmate).
After the adjustment, the technical architecture of Xiao Ai Tong Xue has been decoupled into three major modules: the foundational base model capabilities at the lowest layer are provided by the MiMo large model team led by Luo Fuli; the Luan Jian team is responsible for cloud-based engineering and for packaging large models into stable and reliable interfaces; and the development rights for the most core “on-device” product functions have been directly delegated to the operating system (OS) teams of terminal business units such as mobile phones and automobiles. Wang Gang, the person who has been in charge of the Xiao Ai team for nearly 10 years, has in this round been reassigned to the robotics business.
The demand for on-device AI in high-compute terminals such as smartphones and cars is the direct driving force behind this restructuring. In the past, Xiaomi devices across the full lineup all relied on standardized capabilities provided by the cloud. Because they need to account for low-compute hardware like the Xiao Ai speaker, they…

According to a report by Gelonhui, Samsung Electronics’ preliminary financial results show that its operating profit for April–June was 89.4 trillion won (about $58.4 billion), up 56% quarter-on-quarter and exceeding analysts’ expectations of 84.2 trillion won. Revenue for the same period was 171 trillion won, up approximately 129% year-on-year, exceeding the market’s forecast of 169.2 trillion won. The company plans to release its full financial report on July 30. The report says Samsung’s quarterly profit ranked No. 1 worldwide, surpassing Nvidia, and the top five were Samsung, Nvidia, Google, Microsoft, and Apple.