According to BlockBeats, on July 7th, HTX market data showed that ICNT surged 10.77% in a short period, currently trading at $0.1977, influenced by news of its listing on the Bithumb Korean Won market.

According to an official announcement released by BlockBeats on July 7, the Bithumb trading platform will launch the Impossible Cloud Network (ICNT) Korean Won (KRW) trading pair at 17:00 (Korean time) on July 7, supporting the BASE network. Deposits and withdrawals are expected to open within 2 hours of the announcement.

New coins will be subject to trading restrictions during their initial listing period, including a ban on buying for the first 5 minutes after the market opens, a selling price that cannot be lower than 10% or higher than the reference price for the first 5 minutes, and the support of limit orders only for the first 2 hours after listing, in order to ensure the stable operation of the market.

According to BlockBeats, on July 7, JPMorgan strategists stated that the recent weakness in semiconductor stocks should be seen as an opportunity to increase holdings, as the chip upcycle is not yet nearing its end, and truly meaningful new supply may not appear until 2028.

The bank noted that the SOX Semiconductor Index fell approximately 5.4% in the shortened trading week leading up to the Independence Day holiday, marking its second consecutive week of decline. However, the sector rebounded rapidly on Monday, with storage-related stocks such as Marvell, Broadcom, Western Digital, and Seagate leading the gains, indicating that funds remain willing to return to the AI hardware supply chain. JPMorgan's view is not entirely bullish on AI concepts. The bank prefers the semiconductor and infrastructure sectors, while remaining cautious about the so-called "AI cannibalization" area—industries that could be replaced by AI, have their pricing power reduced, or have their profit margins weakened.

Sectors most affected include software, business services, and media. In other words, JPMorgan believes that AI will still create winners, but it may not benefit all companies involved in AI; the certainty for hardware suppliers is higher than that for some application and service companies in the short term.

According to BlockBeats, on July 7th, CryptoQuant analyst Darkfost wrote that Bitcoin's apparent demand has been almost entirely negative this year, reflecting continued weak market demand, a major reason for the ongoing pressure on Bitcoin's price. However, recent improvements in demand are helping BTC maintain a consolidation within its current price range.

On June 3, apparent demand for Bitcoin once dropped to a low of -275,000 BTC, but has since recovered to about -75,000 BTC. While the extent of the improvement is noteworthy, a true recovery in demand still requires this indicator to return to positive territory.

He explained that the apparent demand metric is calculated by the difference between "new BTC issuance" and "BTC supply that has not moved in more than a year," and can be used to measure whether the structural accumulation by long-term holders is sufficient to absorb the new supply on the network. Currently, while long-term demand has recovered somewhat, it has not yet reached a level that can drive the market into a new upward trend.