Zhipu AI and MiniMax have significantly higher market to sales ratios than their American counterparts, posing challenges to valuation multiples

Bernstein analysts suggest that conventional DRAM prices may continue to rise in 2027 after experiencing a 4.5-fold increase from the third quarter of 2025 to the second quarter of 2026. The revenue per wafer capacity of conventional DRAM is twice that of HBM, and the profit margin is higher. HBM prices need to be increased by about three times in order to catch up with conventional DRAM in terms of revenue per unit wafer capacity. Storage chip manufacturers will not aggressively increase HBM prices, as the high cost of HBM is not conducive to the development of the artificial intelligence ecosystem and suppresses storage demand.

Heavy selling pushed XRP to its lowest level of the weekend session, but strong buying quickly erased most of the decline and returned the token to its recent trading range.

According to Edaily, the Financial Commission of Korea, Ministry of Planning and Finance, and Bank of Korea have conducted an internal review and concluded that it is difficult to promote the regulatory easing measures required by the industry, and the policy tone has not shifted towards relaxing regulation. Financial Commission officials stated that the institution is currently listening to industry opinions on specific details, rather than planning to relax regulation.

The well-known MEV Bot address ae13 was attacked by hackers using an automated execution system vulnerability, resulting in losses exceeding $7.5 million. AE13 released a message to hackers on the chain stating that if 2150 ETH are returned to the address within 48 hours, AE13 is willing to pay a 50% white hat bounty. Otherwise, AE13 will take all feasible legal and enforcement measures to hold them accountable.

[Upbit Lists TAIKO as a Trading Alert Token and Suspends Deposit Services] Upbit has listed TAIKO/KRW, TAIKO/BTC, and TAIKO/USDT as trading alert tokens. The alert period is from June 22, 2026, 13:00 (UTC+8) to the period between July 20 and July 24. Upbit has taken this measure due to security incident risks associated with TAIKO. Currently, TAIKO deposit services have been suspended. Further actions, such as extending the alert, lifting it, or terminating trading support, will be determined based on the review results.