π¨π³ China Ramps Up Push in Semiconductor Sector
China is speeding up its drive to strengthen the domestic chip industry. CXMT, the countryβs largest memory manufacturer, is gearing up for a record-breaking IPO. At the same time, Huawei-affiliated firms have begun mass production of homegrown semiconductor manufacturing equipment.
This surge in local capabilities has placed pressure on major global chipmakers, contributing to a swift decline in U.S. tech stocksβwiping roughly $600 billion off the total market capitalization in a short span.
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China is speeding up its drive to strengthen the domestic chip industry. CXMT, the countryβs largest memory manufacturer, is gearing up for a record-breaking IPO. At the same time, Huawei-affiliated firms have begun mass production of homegrown semiconductor manufacturing equipment.
This surge in local capabilities has placed pressure on major global chipmakers, contributing to a swift decline in U.S. tech stocksβwiping roughly $600 billion off the total market capitalization in a short span.
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AFRO CRYPTO
π7π€2π1π―1
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Joe Biden's son has hit out at Trump, accusing him of turning cryptocurrency support into a family-run enterprise and undermining the credibility of the entire industry.
He pointed to the TRUMP meme coinβplummeting from $75 to just $1.36βas a prime example, highlighting similar crypto ventures linked to presidential families.
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He pointed to the TRUMP meme coinβplummeting from $75 to just $1.36βas a prime example, highlighting similar crypto ventures linked to presidential families.
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AFRO CRYPTO
π5π4π3π3π€2π±1π’1π―1
β‘οΈ BREAKING: $MSTR is now live on Solana via Sunrise, issued by Backpack Securities.
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β€4π4π₯°3π2π€©1π1
π£ The Rise of Kimchi Traderβs Legendary Trump Meme Play
While much of the crypto world rolls its eyes at Trump, one trader saw opportunity where others saw noise.
Enter Kimchi β the Korean crypto savant who seized the moment, going long on the TRUMP meme token in its earliest seconds and cashing out at the height of frenzy.
He netted an estimated $40 million.
At one point, the coin briefly flashed a staggering $80 billion FDV.
After the storm, Kimchi quietly disappeared from the spotlight. No constant updates, no self-promotion β just occasional returns to X, once or twice a year, to drop silent images into the void.
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While much of the crypto world rolls its eyes at Trump, one trader saw opportunity where others saw noise.
Enter Kimchi β the Korean crypto savant who seized the moment, going long on the TRUMP meme token in its earliest seconds and cashing out at the height of frenzy.
He netted an estimated $40 million.
At one point, the coin briefly flashed a staggering $80 billion FDV.
After the storm, Kimchi quietly disappeared from the spotlight. No constant updates, no self-promotion β just occasional returns to X, once or twice a year, to drop silent images into the void.
β Follow @cryp
AFRO CRYPTO
π±8π6π€©4π3π€2β€1
π«Ά Ondo Finance Shifts Focus: From L1 to Private Institutional Network
Ondo Finance has shelved its plans for Ondo Chain, a proposed L1 blockchain, and instead launched the Ondo Networkβa private network tailored for institutional trading.
Trading on the Ondo Network happens off-chain in a private environment, while settlements occur on public blockchains. This approach combines speed and confidentiality with the security and transparency of decentralized ledgers. Its debut offering is Ondo Perps, a perpetual futures product.
Future updates will introduce spot trading, lending, and other institutional-grade financial services.
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AFRO CRYPTO
Ondo Finance has shelved its plans for Ondo Chain, a proposed L1 blockchain, and instead launched the Ondo Networkβa private network tailored for institutional trading.
Trading on the Ondo Network happens off-chain in a private environment, while settlements occur on public blockchains. This approach combines speed and confidentiality with the security and transparency of decentralized ledgers. Its debut offering is Ondo Perps, a perpetual futures product.
Future updates will introduce spot trading, lending, and other institutional-grade financial services.
β Follow @cryp
AFRO CRYPTO
π€©5π₯4β€3π€1
Andrew Tate thanked supporters holding up signs outside the prison, saying the messages were tough to read but each word was deeply felt.
X pointed out that only one person showed up with a sign today.
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X pointed out that only one person showed up with a sign today.
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π₯6π―3π¨3π2β€1π1π’1π1
These crypto projects have raised $7.5 billion in fundingβyet generated just $1,306 in the last 24 hours. Thatβs a return so small it would take more than 15,000 years to break even.
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π7π―3π€3β€2π₯2π2
The Federal Reserve has held interest rates steady at 3.75%, in line with expectations and unchanged from the previous decision.
Inflation continues to run above the 2% target, weighing on economic performance. The vote was 9β3, with dissenters Beth Hammack, Neel Kashkari, and Lori Logan favoring a 0.25 percentage point increase.
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Inflation continues to run above the 2% target, weighing on economic performance. The vote was 9β3, with dissenters Beth Hammack, Neel Kashkari, and Lori Logan favoring a 0.25 percentage point increase.
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AFRO CRYPTO
β€6π2π2π2π1π1
πΈ From $16K to Over $1.2M: One Traderβs Meme Coin Journey
An anonymous trader invested 8.39 ETH (around $16,000) to buy 293.75 million PIPEDOG tokens, according to Lookonchain. After partially cashing out, the remaining holdings surged to a peak value exceeding $1.18 million.
The trade ultimately yielded over $1.2 million in total returnsβan impressive ~77x gain. However, the value of the unsold tokens later dipped below $900,000.
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AFRO CRYPTO
An anonymous trader invested 8.39 ETH (around $16,000) to buy 293.75 million PIPEDOG tokens, according to Lookonchain. After partially cashing out, the remaining holdings surged to a peak value exceeding $1.18 million.
The trade ultimately yielded over $1.2 million in total returnsβan impressive ~77x gain. However, the value of the unsold tokens later dipped below $900,000.
β Follow @cryp
AFRO CRYPTO
π―10π±2
Satoshi Nakamoto once wrote a now-iconic line on the BitcoinTalk forum β 16 years ago to the day:
"If you don't believe me or don't get it, I don't have time to convince you, sorry."
Still hits different.
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"If you don't believe me or don't get it, I don't have time to convince you, sorry."
Still hits different.
β Follow @cryp
AFRO CRYPTO
π’4π₯2π₯°2π2
β‘οΈ JUST IN: Trust Wallet now leads over MetaMask and Phantom in 24-hour Hyperliquid Builder Code revenue.
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π±7π3π2π€1
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Trump made more money in just two years during his second term than in the prior six decadesβdespite not taking the presidential salary.
His earnings surged through crypto ventures, personal merchandise, Trump Media, and licensing his name worldwide.
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His earnings surged through crypto ventures, personal merchandise, Trump Media, and licensing his name worldwide.
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AFRO CRYPTO
π10π5π₯°4π±4π₯1
There's a large BTC long accumulating on Bybit, mirroring what happened in mid-June before the price surged.
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π3π’2π₯°1
π Trader Turns $10K into $27M Using Maximum Leverage
One investor transformed $10,000 into $27 million in just a year by going all-in on memory stocks with max leverage through Fidelity. As prices climbed, he kept increasing his exposure, fueling a compounding surge.
But after the AI sector cooled, his peak dropped to $23 millionβno profits taken yet. This move highlights how simple it feels to ride a bull market, and how hard it is to know when to step off and secure gains.
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One investor transformed $10,000 into $27 million in just a year by going all-in on memory stocks with max leverage through Fidelity. As prices climbed, he kept increasing his exposure, fueling a compounding surge.
But after the AI sector cooled, his peak dropped to $23 millionβno profits taken yet. This move highlights how simple it feels to ride a bull market, and how hard it is to know when to step off and secure gains.
β Follow @cryp
AFRO CRYPTO
π₯1
π AI Hedge Fund Leopold Plummets 35% in One Month
Leopold Situational Awareness, an AI-driven hedge fund, lost 35% of its value last month as AI stocks tumbled. Goldman Sachs moved to liquidate part of its holdings last week amid the downturn.
The fund surged from $400 million to $20 billion over two years by heavily investing in Intel, Micron, SNDK, Nebius, and Bloom Energyβusing 4x leverage that magnified losses during Julyβs market correction.
As of now, up to 50% of its portfolio remains locked in illiquid positions in Anthropic. A July 24 investor letter acknowledged shifting market conditions and outlined plans to raise new capital.
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AFRO CRYPTO
Leopold Situational Awareness, an AI-driven hedge fund, lost 35% of its value last month as AI stocks tumbled. Goldman Sachs moved to liquidate part of its holdings last week amid the downturn.
The fund surged from $400 million to $20 billion over two years by heavily investing in Intel, Micron, SNDK, Nebius, and Bloom Energyβusing 4x leverage that magnified losses during Julyβs market correction.
As of now, up to 50% of its portfolio remains locked in illiquid positions in Anthropic. A July 24 investor letter acknowledged shifting market conditions and outlined plans to raise new capital.
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AFRO CRYPTO