According to BlockBeats, on July 29, Lookonchain reported that a trader who bought 3,128 ETH six months ago is now facing a paper loss of over $3.87 million (-40%).

Today, he finally deposited all 3,128 ETH into Coinbase and sold it at a loss.

According to BlockBeats, on July 29th, the US stock market will see a key earnings window for AI companies tonight. Microsoft, Meta, and Qualcomm will release their results after the US market closes on Wednesday, coinciding with the Federal Reserve's interest rate decision and a recent low point in sentiment following a sharp decline in the AI hardware supply chain.

Over the past few days, storage, chip, and semiconductor equipment stocks have continued to be under pressure, as investors' concerns about the return on AI capital expenditure, overvaluation, and competition from the Chinese supply chain have intensified. Market focus has shifted from "how strong is the demand for AI" to "whether these investments can actually translate into revenue and cash flow."

Microsoft is the most important bellwether tonight. Wall Street expects Microsoft to report revenue of approximately $87.6 billion and earnings per share of approximately $4.24 this quarter. Investors will be closely watching Azure growth, Copilot commercialization progress, and whether the company releases capital expenditure guidance for fiscal year 2027. Previously, the market expected Microsoft's capital expenditure for fiscal year 2026 to reach $145 billion, significantly higher than the $88 billion in the previous fiscal year.

Meta's pressure is primarily focused on its "AI cash burn." The market expects Meta's second-quarter revenue to be approximately $60.2 billion, with earnings per share of approximately $7.19. The company previously provided capital expenditure guidance of $125 billion to $145 billion for 2026. Alphabet's stock price was under pressure after it previously raised its AI capital expenditure forecast; if Meta further raises its expenditure guidance tonight, it could reignite market concerns about free cash flow.

Qualcomm represents another line of AI chip deals. Wall Street expects its adjusted earnings per share to be $2.24, with revenue of approximately $9.7 billion. Investors will be watching the company's progress in its data center AI business, its $5 billion data center revenue target for fiscal year 2027, and whether demand in the Chinese Android market has recovered.

Market analysts believe that the key to tonight's earnings reports is not just whether the results exceed expectations, but more importantly, whether tech giants can demonstrate that their AI investments are yielding visible returns. If Microsoft and Meta provide strong clues about cloud business, advertising conversion, or AI commercialization, the AI supply chain may get a breather; if capital expenditures continue to be revised upwards and free cash flow pressures increase, funds recently withdrawn from AI hardware stocks may continue to flow into Hong Kong-listed internet leaders, dividend assets, and undervalued core stocks.

According to BlockBeats, on July 29th, the South Korean stock market continued its decline, with retail investors appearing to be in a state of extreme panic. On Daum, a mainstream South Korean stock forum, retail investors were lamenting their losses, with the main sentiments focusing on regretting their bottom-fishing and criticizing inadequate regulation.

According to Yonhap News Agency, a public opinion poll released on the 27th showed that South Korean President Lee Jae-myung's approval rating has declined for two consecutive weeks, remaining around 40%. Research firm Realmeter analyzed, "The downward trend appears to be continuing this week, driven by negative economic factors such as the stock market crash, coupled with strong public opposition to real estate issues, including the Bundang mortgage sales controversy and talk of strengthening property taxes, as well as policy conflicts regarding leveraged ETFs and supplementary investigation rights."