According to BlockBeats, on July 28th, Citrini analyst Jukan posted on social media that the news of China's progress in DUV lithography technology was not particularly surprising, as the market had already priced it in. He pointed out that The Information's report only cited a professor from a Chinese university in June at an internal meeting, without disclosing any further substantive information. Jukan believes that the sell-off in semiconductor equipment stocks such as ASML in response to this news was an overreaction.

According to previous reports, The Information, citing sources familiar with the matter, reported that a company backed by Chinese state-owned capital has begun mass production of its independently developed DUV (deep ultraviolet) lithography machine manufacturing equipment, marking a key step forward in the localization of China's semiconductor industry.

Sources say the company plans to produce about five domestically made DUV lithography machines in 2026 and expand to about 20 in 2027. While this still lags behind the 131 immersion DUV lithography systems delivered by Dutch lithography giant ASML last year, the entry of domestically produced equipment into mass production is seen by the market as a significant breakthrough in the self-sufficiency of China's chip supply chain.

BlockBeats reported on July 28 that Franklin Templeton expressed his support for the passage of the CLARITY Act. This act would clarify the way the U.S. regulates the crypto industry, inform investors about applicable protections, and clarify which regulatory bodies govern companies.

Franklin Templeton stated that now is the time to provide the crypto industry with the regulatory clarity it needs.

According to BlockBeats, on July 28th, citing Bloomberg, BlackRock's $12.55 billion investment-grade bond issuance for Meta's El Paso, Texas data center project rose in early trading on Monday. The bond's issuance yield was 7.534%, 287.5 basis points higher than U.S. Treasury bonds, a yield level more commonly seen in the junk bond market.

During the issuance phase, the subscription volume of the relevant bonds was approximately US$20 billion, only 1.6 times the issuance amount, significantly lower than the average subscription level of about 4 times for bond issuances this year. However, the higher yield ultimately attracted investors, and the yield spread of the bonds in the secondary market narrowed to about 260 basis points higher than that of US Treasury bonds, down from 287.5 basis points at the time of issuance.

Recent large-scale bond financing by tech companies has squeezed investors' ability to absorb new AI-related debt. A sell-off in tech bonds, coupled with continued capital expenditures and potential further bond issuances by companies like Alphabet, has also weakened market demand for new bond offerings.

BlackRock's early performance on this bond contrasts with recent issuances by companies like SpaceX. Following SpaceX's first investment-grade bond issuance in June, the bonds fell in the secondary market, and investors faced significant paper losses.