According to BlockBeats, on August 2nd, Roundhill, a US ETF management firm, made significant portfolio adjustments to its DRAM-themed fund this week. In addition to previously reported additions of CXMT (Changxin Technology) to its holdings with a weighting of 2.52%, it also reduced its holdings in Samsung Electronics. The Roundhill DRAM-themed fund sold approximately 1 million shares of Samsung Electronics each day from Monday to Wednesday, totaling 3 million shares sold over three days, amounting to approximately $432 million.

The top three holdings of the Roundhill DRAM-themed fund are currently Samsung Electronics, Micron Technology, and SK Hynix, with weights of 26.39%, 24.54%, and 22.77%, respectively. Other major holdings include Seagate Technology, Western Digital, SanDisk, Kioxia, Nanya Technology, and GigaDevice.

According to BlockBeats, on August 2nd, Iranian media outlet Fars News reported that some "media outlets linked to the enemy" had previously claimed that Iran had agreed to a plan to reopen the Strait of Hormuz. However, informed sources denied this claim, emphasizing that Iran's policy toward this strategic waterway has not changed.

According to BlockBeats, on August 2nd, CICC Research reported that since mid-to-late June, global AI blockchains have experienced a significant correction, particularly in South Korea, which is characterized by "high leverage, high congestion, and high retail investor activity." This correction is attributed to several factors, including the amplifying effects of high congestion and high leverage, macroeconomic disturbances (such as rising expectations of a Fed rate hike and the renewed closure of the Strait of Hormuz pushing up oil prices), and market concerns about a renewed bubble in AI at this stage (such as Meta's rental of computing power and declining token spending).

In fact, before the dot-com bubble finally burst in March 2000, the tech stock rally had experienced at least four large-scale and prolonged corrections. The triggering factors for these declines were highly similar to the current adjustment: short-term fluctuations in industry trends; headwinds in the macro environment; and overheated valuation sentiment. The eventual rebound of tech stocks was also due to the easing of these three pressures. Therefore, for the market to stabilize and even restart a new round of growth, it also requires the cooperation of these three factors: the digestion of high crowding and high leverage, the easing of expectations for a Fed rate hike or its eventual implementation, and, more importantly, new catalysts in earnings reports and industry developments (the July-August earnings season).