Trending this week on #OKX:❇️ Listed: $PUMP Spot❇️ Shipped: $PUMP, $MOG & $SPX Perp Futures❇️ Launched: Unified USD Orderbook & BTC Yield+❇️ Announced: PayPal integration❇️ Celebrated: $BTC new ATHs https://t.co/OdzXFDAT5q ...

🔍CMC Feature Highlight: Altcoin Season IndexAltcoins are making a run!The index just surged to 50 — the biggest jump in weeks 💥Top movers in the past 90 days:🔹 $PENGU +515%🔹 $SPX +327%🔹 $VIRTUAL, $BONK, $WIF, $HYPE ripping over the last 90 days.Track the rally: https://t.co/2VR1iatWh2 ...

🚨 New Futures Alert$SPX/USDT & $MOG/USDT Perpetual Futures trading will go LIVE on #OKX on 17 Jul at 5:00 AM & 5:15 AM (UTC), respectively.Learn more: https://t.co/wTOIuAndqi https://t.co/vqT1u68yOV ...

The Morning Minute (7.16)⏰Top News:-Crypto majors rebound swiftly, ETH leads +6% to $3,150-SBET becomes top ETH holder, passing the Ethereum Foundation-Cantor Fitzgerald close to $4B SPAC deal with Adam Back to buy BTC-US DOJ drops investigation into Polymarket-PUMP team does $20M in surprise buybacks, token pumps 15%🌎 Macro Crypto and Memes-Crypto majors were green with ETH leading; BTC +2% at $118,900, ETH +6% at $3,160, XRP +2% at $2.94, SOL +4% at $166-SPX (+24%), BONK (+20%), ENS (+19%) and PUMP (+19%) ...

Core Insights - The Franklin U.S. Equity Index ETF (USPX) is a smart beta ETF that debuted on June 1, 2016, providing broad exposure to the Style Box - All Cap Blend category of the market [1] - Smart beta ETFs track non-cap weighted strategies, appealing to investors who prefer selecting stocks based on fundamental characteristics to outperform the market [3] - The fund is sponsored by Franklin Templeton Investments and has assets exceeding $1.28 billion, targeting large and mid-cap U.S. stocks representing the top 85% of the U.S. equity market by float-adjusted market capitalization [5] Fund Details - The ETF has an annual operating expense ratio of 0.03%, making it one of the least expensive options in its category, with a 12-month trailing dividend yield of 1.16% [6] - The fund's largest sector allocation is in Information Technology, comprising approximately 33.3% of the portfolio, followed by Financials and Consumer Discretionary [7] - Microsoft Corp (MSFT) is the largest holding at about 6.74% of total assets, with the top 10 holdings accounting for approximately 34.89% of USPX's total assets [8] Performance Metrics - As of July 11, 2025, the ETF has gained about 7.63% year-to-date and 13.15% over the past year, with a trading range between $43.36 and $55.00 in the past 52 weeks [10] - The ETF has a beta of 0.90 and a standard deviation of 17.62% over the trailing three-year period, indicating effective diversification of company-specific risk with around 563 holdings [10] Alternatives - The Franklin U.S. Equity Index ETF is a viable option for investors looking to outperform the Style Box - All Cap Blend segment, but there are alternative ETFs such as iShares Core S&P Total U.S. Stock Market ETF (ITOT) and Vanguard Total Stock Market ETF (VTI) [11][12] - Both ITOT and VTI have significantly larger asset bases, with $72.02 billion and $506.04 billion respectively, and maintain an expense ratio of 0.03% [12]

Memecoin Thesis - Murad explores memecoin thesis [1] Market Outlook - Support for SPX6900 is mentioned [1]

Investment Rating - The report indicates a positive outlook for the S&P 500, suggesting a continuation of the recent rally in the short term, with expectations of a peak around mid-July before a potential decline in August [2][11]. Core Insights - The S&P 500 has experienced a 10% increase since the end of March, marking the fastest recovery from a sell-off exceeding 15% in history [2]. - The report highlights that July is historically the strongest month for the S&P, with an average return of 1.67% since 1928, and the first half of July is projected to yield an even higher average return of 2.43% [6][11]. - The Russell 2000 index is noted to be trading 11.5% below its high, indicating a divergence in performance compared to the S&P and NDX [5]. - Systematic positioning in equity demand is expected to increase, with an estimated $80 billion of global equity demand over the next month, including $44 billion from U.S. markets [26]. Summary by Sections Market Performance - The S&P 500 reached another all-time high last week, the first since February 19, indicating strong market performance despite narrow market breadth [47]. Volatility - The report discusses a decrease in market panic as indicated by lower volatility levels, with a shift in investor preference towards "wingier" options for exposure to extreme risks [20][21]. Liquidity - S&P top of book liquidity stands at $12.48 million, up 21% from the one-year average, indicating improved trading conditions [41]. Retail Sector - Dips in retail demand have been correlated with declines in the S&P, suggesting that retail performance is a significant factor to monitor [54].

Core Viewpoint - Hongxing Technology's IPO process has been stalled for over two years due to declining financial performance and regulatory scrutiny, raising concerns about its ability to meet the main board's listing requirements [1][2][3] Financial Performance - Hongxing Technology's revenue has decreased from 8.35 billion in 2021 to 5.42 billion in 2023, with a net profit drop from 2.07 billion to 0.63 billion during the same period, reflecting a 31.60% decline year-on-year in 2023 [2][3] - Despite the decline in net profit, the company's gross margin remains relatively high at 43.41% in the first half of 2024, outperforming the industry average of 25.68% [1][8] Industry Position - Hongxing Technology ranks tenth among the top global quartz crystal component manufacturers, with a market share of only 2.71% in 2022, significantly lower than the combined market share of the top ten competitors [3][4] - The company faces challenges in establishing a strong industry presence, as evidenced by its low market share compared to competitors like Taijing Technology, which has a market share of 4.47% [4][5] Equipment and Cost Structure - The company has a low equipment renewal rate of just 15%, raising questions about the sustainability of its operations and the accuracy of its reported financial performance [1][15] - Hongxing Technology's unit revenue depreciation costs are significantly lower than those of its peers, contributing to its higher gross margin, but this raises concerns about the long-term viability of its aging equipment [11][15] Regulatory Environment - The tightening of IPO regulations and scrutiny of financial performance has made it increasingly difficult for companies like Hongxing Technology to gain approval for listing, especially with its declining earnings [2][3][7] - The company has been questioned by regulators regarding the sustainability of its high gross margin in light of its aging equipment and low renewal rates [13][18]

求购以下料号 芯片超人现有 1600平米 芯片智能仓储基地，现货库存型号 1000+ ，品牌高达 100种 ， 5000万颗 现 货库存芯片，总重量 10吨 ，库存价值高达 1亿+ 。同时，芯片超人在深圳设有独立实验室，每颗物料 均 安排QC质检 。 | 品牌 | 型号 | 数量 | | --- | --- | --- | | EXAR | SPX3819M5-L-3-3/TR | 42K | | Semtech/升特 | LR1121IMLTRT | 30K | | ADI | LTC2642ACDD-16#PBF | 2500PCS | 优势物料，特价出售 | 品牌 | 型号 | 数量 | 年份 | | --- | --- | --- | --- | | INFINEON | SAK-TC377TP-96F300S AA | 10K | 24+ | | INFINEON | SAK-TC375TP-96F300W AA | 10K | 24+ | | ADI | ADSP-21565WCSWZ10 | 2160 | 23+ | | 润石 | RS2299XTQC16 | 100K | 24+ | 打折清库 ...

市场洞察 - 重点报道 --- Market Insights - Marquee Market Insights | Markets | Equities 市场洞察 | 市场 | 股票 GS Flow of Funds: School's Out ⾼盛资⾦流向：学校放假了 盖尔·哈菲夫 Gail.Hafif@gs.com | 布莱恩·加勒特 Brian.Garrett@gs.com | 李·科珀史密斯 Lee.Coppersmith@gs.co Gail Hafif Gail.Hafif@gs.com | Brian Garrett Brian.Garrett@gs.com | Lee Coppersmith Lee.Coppersmith@gs.com m technicals/flows, not third grade "graduation." School's out and we are on the cusp of summer holiday... but first, we need to address "award season" ... awards for market 学校放假了 ...