Binance News

Chipmakers led a selloff in stocks as investors questioned whether massive artificial-intelligence investments will justify elevated valuations, while higher oil prices pushed bond yields higher, according to Bloomberg.
The move weighed on the broader market as traders reassessed the outlook for AI-related spending and its payoff for semiconductor companies.

Gold and silver lost roughly $700 billion in market value in a single day while Bitcoin held near $64,000. According to NS3.AI, gold broke below $4,000 and silver fell below $55.50. SPDR Gold Shares has seen $14.4 billion in outflows since March 1.

The Office of the U.S. Trade Representative (USTR) announced on July 15 that it has imposed a 25% tariff on certain Brazilian goods, acting under Section 301 of the Trade Act of 1974 as directed by U.S. President Donald Trump. According to Odaily, the decision follows a year-long USTR investigation that found several Brazilian measures — including those related to digital trade and electronic payment services, unfair preferential tariffs, anti-corruption enforcement interference, intellectual property protection, ethanol market access, and illegal deforestation — to be unreasonable and burdensome to U.S. farmers, workers, innovative businesses, and exporters.U.S. Trade Representative Greer stated that despite extensive negotiations with Brazil over the past year, these issues remain unresolved. The U.S. remains open to continued negotiations with Brazil to address the long-standing problems identified in the investigation. The new 25% tariff will exempt Brazilian beef and coffee.

The U.S. Senate passed a nonbinding resolution by unanimous consent saying FTX founder Sam Bankman-Fried should not receive a presidential pardon or sentence reduction under any circumstances. According to Odaily, the measure was pushed by Senators Cynthia Lummis and Ruben Gallego.Bankman-Fried was convicted in November 2023 on seven counts tied to FTX’s collapse and is expected to be released around 2044. U.S. President Donald Trump said in January that he had no plan to pardon Bankman-Fried.

U.S. officials familiar with the matter said on July 14 that Iraq and Syria plan to rebuild an oil pipeline that has been abandoned for many years, carrying crude from oil fields in northern Iraq to a Mediterranean port in Syria and bypassing the Strait of Hormuz. According to Jin10, U.S. Ambassador to Turkey and Special Envoy for Syria and Iraq Barrack has held talks with Iraq, Syria, and relevant U.S. companies on restoring the pipeline.
The pipeline was originally built in 1952, running about 800 kilometers from Kirkuk in eastern Iraq to Baniyas in western Syria, with a capacity of 300,000 barrels per day. It was severely damaged during the Iran-Iraq War and the Iraq War and has long been out of service. The report said the pipeline's pumping stations and power system are badly damaged and would require a full repair, which could take two to three years.

TSMC said second-quarter net profit rose 77.4% year over year to a record high, topping market expectations. According to Jin10, the world's largest foundry company reported net profit of NT$706.6 billion for April through June, compared with a LSEG SmartEstimate of NT$632.6 billion.
The company said revenue in the second quarter was NT$1,270.381 billion, up 36% year over year. TSMC said the results were driven by surging global demand for artificial intelligence processors, and noted that its customers include Nvidia and Apple.

Oil transfers at all Iraqi crude export terminals have been suspended after a drone collided with an oil tanker, according to sources. According to Jin10, the incident led to a halt in crude shipments across all of Iraq's oil loading terminals.

ChangXin Technology, a domestic DRAM chip leader, has officially begun its IPO subscription, with institutions forecasting a rare surge in retail winning odds due to the offering’s large size. According to ChainCatcher, the online allotment rate is expected to rise to 0.3% to 0.7%, with a neutral estimate of about 0.45%, far above typical STAR Market IPO levels.
The stock is priced at 8.66 yuan per share, and one winning lot of 500 shares requires a payment of 4,330 yuan. The official allotment rate will be disclosed on July 17, and the lottery results will be announced on July 20; winners must ensure sufficient funds in their accounts by 4:00 PM on July 20.

According to the announcement from Binance, Binance Futures will launch three USDⓈ-M perpetual contracts to expand trading choices and improve the user experience on the platform. The new contracts are scheduled to go live on 2026-07-16 at 09:00 (UTC) for MUUUSDT, 2026-07-16 09:05 (UTC) for SOXSUSDT, and 2026-07-16 09:10 (UTC) for TZAUSDT. The contracts will be settled in USDT and will trade 24/7, with a tick size of 0.01 for each product, a minimum trade amount of 0.01 MUU, 0.01 SOXS, and 0.01 TZA, and a minimum notional value of 5 USDT. Binance also stated that each contract will support a maximum leverage of 25x and Multi-Assets Mode.
The announcement said MUUUSDT is linked to the Direxion Daily MU Bull 2X ETF (Nasdaq: MUU), which seeks to deliver 200% of the daily performance of the common shares of Micron Technology, Inc. (NASDAQ: MU). SOXSUSDT is tied to the Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS), which seeks to deliver 300% of the inverse daily performance of the NYSE Semiconductor Index. TZAUSDT is based on the Direxion Daily Small Cap Bear 3X Shares (NYSE Arca: TZA), which seeks to deliver 300% of the inverse daily performance of the Russell 2000® Index. Binance said the capped funding rate for each contract will be +2.00% / -2.00%, with funding fee settlement every eight hours and a funding rate interest rate of 0%. The exchange also noted that the contracts are exempt from the adjustment rule that can change the funding interval from every eight hours to every one hour when the previous settlement reaches the cap or floor. Binance added that contract specifications, including funding fee, tick size, maximum leverage, initial margin, and maintenance margin requirements, may be adjusted based on market risk conditions.

According to the announcement from Binance, the exchange is introducing a limited-time 3x volume multiplier on bStocks trading for its Affiliate Program. During the promotion period from 2026-07-16 00:00 (UTC) to 2026-10-15 23:59 (UTC), every $1 traded in bStocks will count as $3 toward the affiliate's Spot Evaluation volume threshold, enabling faster progression through affiliate tiers. The multiplier applies exclusively to Spot Evaluation trading volume under the Affiliate Program and does not affect standard commission payouts, which remain unchanged. For example, a $100,000 bStocks trade will be recorded as $300,000 in evaluation volume. No additional registration is required for eligible users. The promotion targets affiliates seeking to upgrade their Spot Evaluation tiers, which range from Tier 0 (20% commission) to Tier 3 (50% commission), with criteria based on referral trading volumes and new trader counts. Binance noted that only users who complete identity verification during the promotion period qualify, and the evaluation periods follow a calendar-month cycle, with newly eligible users starting from their qualification date. The announcement emphasized that bStocks are tokenized securities issued by a Binance group affiliate and are not direct shares of underlying companies, available only to eligible users in permitted jurisdictions on a secondary market basis.

The Depository Trust & Clearing Corporation (DTCC) on Wednesday processed its first live production trades involving tokenized securities, according to CoinDesk, marking a milestone for Wall Street's blockchain adoption. More than two dozen major institutions including JPMorgan Chase, Goldman Sachs, BlackRock and Vanguard participated, tokenizing equities, ETFs and U.S. Treasurys for collateral transfers, repo, margin movements and asset transfers. Unlike previous pilots, the trades used assets already held at DTC and converted them into blockchain-based digital twins with full legal rights. DTCC plans to launch the service broadly in October.

Bloomberg reported that Anthropic PBC is seeking to meet with investors ahead of its potential mega-IPO, as the company prepares to join the rush of AI-driven stock market debuts.Banks leading the offering are scheduling meetings between investors and the Claude chatbot maker in the coming weeks. Anthropic is considering an IPO as soon as October, Bloomberg News has reported.Moving ahead would put Anthropic ahead of rival OpenAI, which is now looking at going public in 2027 after earlier targeting a fall 2026 debut. Both companies have filed confidentially for their listings.An IPO this fall would also see Anthropic debut before DeepSeek, the Chinese AI firm that has been grabbing increasing market share. DeepSeek is preparing for an IPO and could file as soon as this year.The listing plans follow strong revenue growth for Anthropic fueled by traction for its AI models, including coding tools. However, the company faces uncertainty over its relationship with the Trump administration, which briefly imposed foreign access restrictions on two of Anthropic's top models. Anthropic also sued the Defense Department for declaring it a risk to the US supply chain.Anthropic is working with Morgan Stanley, Goldman Sachs and JPMorgan Chase on its IPO. The company was valued at $965 billion after a May funding round, eclipsing OpenAI's valuation for the first time and making it one of the world's largest private companies.The AI race has fueled the IPO market, with listings this year raising $227.5 billion, the most since 2021. SpaceX's IPO in June was the biggest in history, while SK Hynix's US listing last week was the third largest on record.

Tanzania's central bank is finalizing regulations for digital assets, including virtual assets, cryptocurrencies, and stablecoins, to strengthen oversight. According to Odaily, Bank of Tanzania Governor Emmanuel Tutuba stated that many young people are investing in related fields, and the bank has received complaints from individuals who incurred losses in cryptocurrency-related transactions. The new rules aim to protect Tanzanian investors. Tutuba added that the regulations will also address risks associated with virtual assets, such as money laundering, terrorist financing, and other illegal activities, requiring entities involved in related activities to operate in accordance with forthcoming guidelines.

The United States International Trade Commission (USITC) voted on July 15 to institute a 337 investigation into certain dynamic random-access memory (DRAM) devices and downstream products and components (II), with an investigation code of 337-TA-1511. According to Jin10, the probe was initiated on July 16. Named respondents include Samsung Electronics, Google, and Nvidia, among others. The USITC will set the target date for completing the investigation within 45 days after the institution. Unless the U.S. Trade Representative vetoes the decision on policy grounds, any remedial orders issued in the 337 investigation will take effect upon issuance and become final on the 60th day after issuance.

KB Financial Group has launched a 100 billion won (approximately $67.29 million) AI and digital assets fund focused on investing in South Korean crypto startups, AI models, application services, and data inference and analysis technology companies.
According to Foresight News, the fund was jointly funded by KB Kookmin Bank, KB Securities, KB Insurance, KB Kookmin Card, and KB Life, and is managed by KB Investment.

American drivers are once again paying more than $5 a gallon for diesel as fresh hostilities in the Middle East raise concerns about war-induced inflation, according to Bloomberg. The move highlights renewed pressure on fuel costs as geopolitical risks weigh on markets.

According to Bloomberg, billionaire Li Ka-shing and his family are preparing to usher in a new generation of leaders after some of their longest-serving lieutenants wrap up asset sales to overhaul Hong Kong's largest conglomerate.
Investors, bankers and business associates close to CK Hutchison Holdings have been told that some senior executives are expected to retire after the firm completes the sale and spinoff of assets in telecommunications, ports and retail, according to people familiar with the matter.
The changing of the guard will be a crucial test for Li Ka-shing's eldest son Victor Li, who took control after his father retired in 2018. A new generation of executives chosen by Victor would oversee deploying capital from asset sales that could total at least $41 billion.
The 61-year-old Victor has been reshaping CK Hutchison, divesting from mature businesses. Most executives have worked for the group for more than three decades. The board's average age is about 69, one of the oldest on the Hang Seng Index.
Li Ka-shing's 74-year-old right-hand man Canning Fok is expected to retire after overseeing the telecom divestment. Fok joined Li in 1979 and rose to co-managing director. Other veterans include Dominic Lai, 72, and Kam Hing Lam, 79.
CK Hutchison sold its UK mobile operator stake for $5.8 billion in May and is considering an A.S. Watson IPO raising at least $2 billion. A $19 billion ports sale has stalled over US-China tensions regarding Panama Canal terminals.

JPMorgan Chase CEO Jamie Dimon said that Anthropic PBC's Mythos artificial intelligence model poses a 'real issue' and that the U.S. government is already highly focused on the issue, according to 36Kr. The rapid development of AI models in recent months has prompted industry and government assessments of potential threats. Anthropic previously stated that its Mythos model is so effective at finding software vulnerabilities that it cannot be released to the public, making the issue more urgent. Dimon warned at Senator Dave McCormick's Pennsylvania Defense and Innovation Summit on Wednesday about the risks of opening an advanced system to a broad user base.

Guotou UBS Fund Management said its Guotou UBS Silver Futures Securities Investment Fund (LOF) A shares, traded on the exchange under the short name Guotou Silver LOF and fund code 161226, were trading at a price significantly above the fund's net asset value. According to Jin10, the fund's secondary-market closing price was 1.817 yuan on July 16, 2026, while its net asset value was 1.6289 yuan as of July 15, 2026.
The company warned investors to closely watch the premium risk in the secondary market and make investment decisions prudently, saying blind investment could lead to major losses.

Billionaire investor Warren Buffett described Bill Gates' relationship with late sex offender Jeffrey Epstein as 'distasteful,' according to BBC. Buffett's firm Berkshire Hathaway stopped donations to the Microsoft co-founder's charity for the first time in 20 years, instead giving remaining stock to family-linked foundations. Buffett told CNBC the pivot followed Gates' testimony to US Congress about Epstein.

On-chain analyst Ai Yi said an investor identified as Shandingdongren went long a basket of tech and semiconductor stocks with a position size of $19.39 million. According to Odaily, the position currently shows an unrealized loss of $7.67 million.
The analyst said most of the losses came from Marvell Technology, SK Hynix, and SanDisk, which together account for $6.45 million in unrealized losses, or 84% of the total.

On Jul 16, 2026, 08:12 AM(UTC). according to Binance Market Data, GOOGLB has achieved a new all-time high, trading at 375.39 USDT. The 24-hour increase of 4.49%

South Korea's Financial Commission said it will suspend new listings of stock leverage ETFs and ban related advertising as a supplemental measure to address risks linked to Samsung Electronics and SK Hynix stock leverage ETFs. According to Jin10, the regulator will also raise the basic margin required to invest in such products from 10 million won to 30 million won, with only cash counted toward the requirement.
The regulator said substitute collateral securities other than cash, such as government bonds, will no longer be included in the margin calculation. It plans to implement the higher basic margin requirement in August. It also plans to tighten ETF premium and discount management standards for securities firms from 3% to 2%, extend investor education for stock leverage products from 2 hours to 3 hours, and temporarily raise the minimum trading unit for stock leverage products from 1 unit to 20 units.

Gold fell even though U.S. inflation data came in below expectations. According to Jin10, Mitsubishi UFJ Financial Group analysts said the metal's short-term direction will depend on whether higher oil prices feed into U.S. inflation or remain a temporary geopolitical shock.
U.S. producer prices fell last month as energy costs eased, but June inflation data have not yet reflected the impact of the latest escalation in tensions between the U.S. and Iran. Investors are now waiting for comments from Federal Reserve officials for more clues on the monetary policy outlook.

Spot silver fell 2.00% intraday to $56.58 per ounce. According to Jin10, the metal was last quoted at $56.58 an ounce.

Brent crude futures extended gains to 1% and were trading at $85.87 per barrel. According to Odaily, WTI crude rose to $80 a barrel and was up 0.35% on the day.

According to Lianhe Zaobao citing Bloomberg, Iraq has suspended crude oil loading operations at its Basrah export facility in the Gulf after an oil tanker was hit by a drone attack, according to people familiar with the matter. The tanker was loading 1 million barrels of crude oil when it was attacked, the sources said. Earlier, the U.S. military struck a supertanker deep in the Gulf. Since the temporary peace agreement between the United States and Iran collapsed, the main ship type used to export crude oil from the Gulf — very large crude carriers — has been hit in a series of attacks.

Southbound funds posted a net buy of 5.039 billion yuan today. According to Jin10, via Stock Connect Shanghai, Zhipu and Alibaba-W saw net buys of HK$1.84 billion and HK$1.191 billion, respectively, while Xiaomi Corp.-W led net sales at HK$687 million.
Via Stock Connect Shenzhen, Alibaba-W and Tencent Holdings recorded net buys of HK$1.642 billion and HK$1.541 billion, respectively, while Kingboard Laminates led net sales at HK$1.07 billion.

Emerging-market stocks resumed their decline, ending a two-day rally, as SK Hynix Inc. and Samsung Electronics Co. fell after South Korean authorities moved to rein in leveraged funds that track the chipmakers, according to Bloomberg.
The selloff in the two semiconductor heavyweights weighed on broader emerging-market sentiment.

Banca Monte dei Paschi di Siena SpA’s board raised broad concerns over a takeover bid by Intesa Sanpaolo SpA, saying the price appears low and the proposal relies on optimistic assumptions that expose shareholders to risks, according to Bloomberg.
The bank also suggested studying a BPM plan.

Shell Electric Holdings (2381), a veteran Hong Kong maker of electric fans and power tools, issued a profit warning and said it expects a loss of HK$2 million to HK$5 million for the six months ended June 30, reversing from profit.
According to Ming Pao, the company said tensions between the U.S. and Iran disrupted sales to the Middle East and pushed up the cost of several raw materials. Shipments of some new products originally scheduled for delivery in the first half were also delayed by product design updates, pushing delivery and revenue recognition into the second half. Shell Electric added that a challenging economic environment weakened market demand and reduced customer orders, dragging down gross margin and resulting in the expected loss.

Profit margins for US refiners making gasoline and diesel from crude oil are shattering records as war-driven fuel supply disruptions lift prices for refined products, according to Bloomberg.
The surge underscores how tighter supply has improved economics for refiners processing crude into transportation fuels.

Employees at Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley fell by more than 10,000 in the second quarter, based on staffing data disclosed in their quarterly earnings reports. According to Jin10, that was the largest quarterly decline since early 2020.
Among the major banks, only JPMorgan Chase slightly increased its headcount after the end of the first quarter. Wall Street firms are rapidly reducing staff this year, and the largest lenders have posted layoffs for three straight quarters.
Many companies are working to control costs. Citigroup has been streamlining staff in recent months, with CEO Jane Fraser focused on improving the bank's returns.
Bank of America Chief Financial Officer Alastair Borthwick said earlier this week on an earnings call that the bank's workforce management has been very strong over the past six quarters. The bank's headcount was down nearly 1% from a year earlier.

According to CNBC, JPMorgan upgraded BlackRock to overweight from neutral and raised its price target to $1,364 from $1,165, implying nearly 25% upside from Wednesday's close. Analyst Michael Cho said BlackRock is a best-in-class asset manager with growth drivers across multiple business lines and said the stock should catch up with its strong fundamentals after the company's second-quarter earnings report. BlackRock reported adjusted earnings of $13.91 per share on revenue of $7.08 billion for the second quarter, compared with FactSet estimates of $12.69 per share and $6.73 billion in revenue. Assets under management rose to $15.345 trillion from $14.842 trillion, and the stock gained nearly 7% on Wednesday after the results, though it is up just 2% in 2026.

Goldman Sachs released data on U.S. retail stock trading, saying retail investors currently account for about 30% of daily trading volume. According to Odaily, retail trading value in May rose 10% from the 2021 peak for the retail trading boom, and June set another record high. Options trading also increased, with daily volume topping 50 million contracts on multiple days this year and doubling from three years ago.
Citadel data showed strong retail buying in July, with no single day of net selling, while institutions with low positioning were pushed to chase higher prices. Goldman Sachs estimated that retail direct brokerage account assets reached $12 trillion, equal to 10% of U.S. stock market value, and total personal investor assets across all channels stood at $111 trillion.
Market views on the AI-driven rally were mixed. Some industry participants warned that compute debt could trigger a crisis in the AI sector, while Howard Marks said AI's long-term productivity value could offset short-term pressure.

Dallas Fed President Lorie K. Logan said the Federal Reserve should raise interest rates to address elevated inflation, suggesting she may be ready to oppose keeping rates unchanged later this month. According to Jin10, Logan said June inflation data released on Tuesday showed price increases were easing, but not enough to convince her that inflation has returned to the Fed's 2% target path.
"June CPI data did show that inflation could return to target levels, and the outlook is more optimistic," Logan said. "But the path remains very fragile. I currently think that a moderate increase in interest rates would help better balance the outlook and risks."

According to CNBC, UBS compiled a list of 40 buy-rated stocks this week that it says can provide diversification away from the artificial intelligence trade, while investors also seek alternatives to the boom-driven volatility in AI-linked names. Westwood Capital Managing Partner Dan Alpert said he has been buying cheap portfolio protection and noted that the 2-year Treasury looks inexpensive as a defensive bet. The Global X Data Center and Digital Infrastructure ETF (DTCR) is down more than 10% from a month ago, the PHLX Semiconductor index (SOX) is down around 12%, and the Roundhill memory ETF (DRAM) has lost nearly 20%.
UBS analyst Joseph Parkhill said many high-quality companies with defensive traits have fallen out of favor even though fundamentals have remained resilient, resulting in lower valuations. The firms highlighted by UBS include McDonald's, PepsiCo, Charles Schwab, S&P Global, Thomson Reuters and SS&C Technologies. Thomson Reuters is up more than 20% over the past month, while SS&C Technologies is up close to 3%.

The U.S. NAHB Housing Market Index for July came in at 34, versus a forecast of 35. According to Jin10, the previous reading was revised from 35 to 36.

Nasdaq 100 index futures widened losses to 0.9%, while S&P 500 index futures fell 0.3%. According to Jin10, the moves came as futures tracked lower.

KeyBanc raised Amazon's stock price target from $325 to $335 ahead of the Q2 2026 earnings report, while Goldman Sachs also increased its AMZN target from $325 to $335. According to NS3.AI, the revisions reflect higher analyst expectations for Amazon ahead of the results.