According to BlockBeats, on July 6th, GMGN monitoring showed that the Solana ecosystem's Meme coin ANSEM surged 25% within one hour, bringing its market capitalization back to around $380 million. The 24-hour increase was 30%, with trading volume exceeding $39.7 million during the same period.

This round of price increases may be due to Ansem himself (X: blknoiz06) announcing that a new round of airdrops has been completed, totaling approximately $7 million.

BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and hype, and has no real value or use cases. Investors should be aware of the risks.

According to BlockBeats, on July 6th, the HTX Genesis Hackathon, hosted by HTX DAO and B.AI and co-organized by OpenCSG, TinTinLand, and OpenCity, has entered the preliminary screening stage. More than 100 developer teams have registered to participate, including teams from over 30 top universities in 22 cities around the world, such as Tsinghua University, Fudan University, National University of Singapore, and University of Edinburgh.

The total prize pool for this competition is reportedly 20,000 USDT, with over $100,000 in computing power support. Participating teams will focus on innovation in areas such as HTX application scenarios, B.AI ecosystem applications and computing power services, AI Agent finance, on-chain asset management, transaction infrastructure, DAO tools, and intelligent financial operating systems. The HTX Genesis finals will be held offline on July 19th during the WAIC World Artificial Intelligence Conference in Shanghai.

According to BlockBeats, on July 6th, Goldman Sachs released its second-half strategy framework for the South Korean stock market, maintaining its 12-month target of 12,000 points for the KOSPI index, representing over 20% upside from current levels. The core support comes from a projected 320% year-on-year earnings growth and a forward P/E ratio of only 6.65. This indicator is 2.7 standard deviations below its historical average, the lowest since 2009.

South Korean stocks led Asia with a 92% gain in the first half of the year, but the gains were primarily driven by upward revisions in earnings rather than valuation expansion: forward EPS was revised upward by nearly 200%, while forward P/E ratios actually compressed slightly; Samsung Electronics and SK Hynix contributed nearly 90% to the index's gains, with their combined market capitalization weighting rising to 56% and their earnings weighting reaching 72%. Goldman Sachs believes this concentration reflects earnings more accurately than a bubble, but market breadth has fallen to its lowest level since the pandemic, and volatility will intensify if the market continues to rise in the second half of the year.

In response to retail investors' concerns about risk, Goldman Sachs pointed out that leverage levels are overestimated. The growth in the size of leveraged ETFs mainly comes from asset appreciation rather than new leveraged funds. The margin loan-to-deposit ratio is actually declining, and retail investors still hold a large amount of cash buffer and their asset allocation is still mainly in real estate.

Goldman Sachs believes that opportunities in the South Korean stock market in the second half of the year will spread from memory chips to six main themes: industrial sector (accelerated defense orders, VLCC replacement demand to be released), robotics and physical AI (South Korean auto parts ecosystem is expected to become a core supplier of humanoid robots), batteries and power infrastructure (driven by data center energy storage demand), beneficiaries of corporate governance reforms (multiple regulations were implemented intensively from July, with more than 70% of listed companies having a PBR of less than 1), reflation trades (semiconductor profit spillover effect drives GDP upward revision and prolongs the interest rate hike cycle), and the semiconductor capital expenditure supply chain (the government plans to invest 800 trillion won in the "three super projects").

Goldman Sachs also highlighted three risks: seasonal weakness in the third quarter, technical correction pressure from a significant deviation of the index from the moving average, and amplified volatility due to hedging operations by leveraged ETF market makers. The combination of earnings growth and low valuations makes South Korea the market with the lowest PEG ratio in Asia, and the current valuation misalignment provides significant opportunities for stock selection in the second half of the year.

According to BlockBeats, on July 6th, Jukan, an analyst at Critini Research, pointed out that Samsung and SK Hynix are reassessing the timing of adopting hybrid bonding in HBM, and may not adopt it even by HBM5. There are two main reasons for this:

First, JEDEC is discussing relaxing the thickness standard for HBM5 to a maximum of about 1000μm (HBM3E is 720μm, and HBM4 has been relaxed to 775μm). With the standard relaxed, the advantage of bumpless thinning of hybrid bonding is no longer urgent.

Secondly, there are simpler alternatives to the heat dissipation problem—Samsung developed Heat Path Block, and SK Hynix launched iHBM (ICE HBM), both of which place independent heat dissipation devices next to HBM and are planned to be applied starting with HBM5. The technology is less difficult and commercialization is more reliable.

Furthermore, major customers like NVIDIA do not currently have an urgent need for high-stack products with 16 or more layers, and 12-layer products may still be the mainstream in the HBM4E stage. However, research and development of hybrid bonding has not stopped. The number of I/Os in HBM4 has now doubled to 2048, and the existing TC hot-press bonding process is nearing its limit; if the number of I/Os further doubles to 4096 in the future HBM5E stage, the lateral diffusion of bumps will make TC bonding difficult to support, at which point hybrid bonding with direct copper bonding will be necessary to achieve higher density connections.

Jukan predicts that hybrid bonding will not see large-scale deployment in the short term due to simpler solutions for thickness and heat dissipation; however, it remains an inevitable trend in the medium to long term when I/O density explodes again. This will directly impact the market expectations of Besi, a core supplier of hybrid bonding equipment. The delay in this technological shift means that the timeline for scaling up orders for related equipment needs to be re-evaluated.

BlockBeats reported on July 6th that ZachXBT, an on-chain detective, published its initiation criteria for conducting on-chain investigations. It will not accept or respond to investigation requests unless the following conditions are met: the case is recent, the loss to a single victim exceeds $250,000, the jurisdiction is favorable to its work, the investigation occurs on a chain it supports, and it does not involve Meme tokens or prediction markets.

According to BlockBeats, on July 6, Pendle's funding rate trading platform Boros surpassed the milestone of $20 billion in notional trading volume in less than a year since its launch.

Today, Boros has become the de facto venue for institutional and market participants to trade, hedge, and capture interest rate spreads between different venues, with over 170 different maturity dates to date.

According to BlockBeats, on July 6, OnchainLens monitoring showed that whale MK4 (@mk4_lul) held a 5x leveraged long position in LIT, with a position value of $13 million. The opening price was $1.29, and the current unrealized profit is $6.7 million.

The MK4 wallet address, a giant whale, has earned a total of $173.68 million in its lifetime.

According to BlockBeats, on July 6th, based on HTX market data, LIT (Lighter) rebounded strongly after hitting a low of $0.77 in early April, breaking through $2.70 today, with a cumulative increase of over 2.5 times and a 22% increase in the past 24 hours. A summary of recent positive factors for LIT (Lighter) is as follows:

On June 30th, Lighter announced a major adjustment to its token economic model. Future buybacks through exchange revenue will change from simple buybacks to permanent burning of all tokens. The plan is to first burn approximately 15.5 million LIT already repurchased, representing about 6.3% of the circulating supply. This mechanism will be officially implemented starting in the third quarter of 2026. Furthermore, the funding source for staking rewards will shift from exchange revenue to ecosystem reserve funds.

On July 1st, Lighter became Robinhood's official perpetual contract partner. Lighter is directly integrated into Robinhood Wallet, supporting perpetual contract trading using Robinhood Chain assets as collateral. The platform simultaneously launched an $11 million LIT rewards pool, offering Robinhood users double rewards and three months of zero-fee trading.

Ethereum founder Vitalik Buterin praised Lighter. During a fireside chat with Lighter founder Vlad Novakovski on May 18, he lauded Lighter as "one of the more successful and noteworthy new projects in the Ethereum ecosystem."

The platform saw strong growth in trading volume, TVL, and revenue. Lighter's daily perpetual contract trading volume once exceeded $10 billion, and its cumulative trading volume over 30 days reached nearly $200 billion. TVL has stabilized at over $530 million, with a peak historical value exceeding $1.4 billion. It was listed in Grayscale's Top 15 on-chain application revenue rankings and has achieved approximately $50 million in protocol revenue.

The founder announced today that he has joined the CFTC Innovation Advisory Committee. Lighter founder and CEO Vladimir Novakovski has joined the U.S. Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee, which advises the CFTC on the intersection of technology, law, and finance.

According to BlockBeats, on July 6th, BNK Busan Bank of South Korea completed a pilot test of its Korean Won stablecoin infrastructure on Kaia Chain. This proof-of-concept (PoC) was jointly conducted by K-STAR Alliance partners AhnLab Blockchain Company, Lambda256, and Open Asset. Test results showed a 100% transaction success rate and a processing time of less than one second.