Morgan Stanley has lowered Alibaba's target price from $190 to $180, maintaining its overweight rating. Morgan Stanley expects Alibaba's cloud business revenue to increase by 45% year-on-year in the June quarter, and has raised its revenue forecast for the 2027-2028 fiscal year by 2% to 3%. Morgan Stanley expects its other losses to narrow to RMB 16.5 billion in the first quarter of fiscal year 2027, with a total other loss of approximately RMB 72 billion for the year.

HSBC has lowered its average gold price forecasts for 2026 and 2027 to $4560 and $4925 per ounce, respectively, compared to previous forecasts of $4864 and $5000 per ounce.

CryptoQuant analyst Axel Adler Jr. stated that since July 7th, the Bitcoin futures market has been dominated by sellers. The cumulative trading volume of CVD contracted from $800 million to $230 million within two days, and the price dropped from approximately $64000 to $62000. On July 8th, the buying pulse recorded $22 million and $48 million buying, but the hourly selling pressure of $92.7 million was erased, and the price remained around $62100. Analysts point out that the contraction rate and price decline of CVD reflect a shift in momentum towards sellers, and the current trend is a continuous shift in capital flow.

The transfer amount of tokenized stocks surged by 105% to $8.4 billion within a month, and the number of holders increased by 17% to over 409000. （Cointelegraph）

According to CCTV International News, the Iranian Army Public Relations Department stated that on the morning of July 9th, the Iranian military used military drones to launch attacks on the Patriot missile defense system at a US military base in Kuwait, satellite communication warning facilities at a US military base in Qatar, and fuel depots at a US military base in Bahrain. The US military stated that it has attacked approximately 90 Iranian military targets in a new round of strikes against Iran, including air defense systems, coastal surveillance facilities, missile and drone storage points, naval combat equipment, and coastal military logistics infrastructure.