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Jiangxi Copper approves spin-off of copper foil unit for HK listing
Edgen Stock·Jul 24 2026, 03:25Share to
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[1] ＜IPO＞JIANGXI COPPER Board Approves Spin-off and Main Board Listing of Jiangxi JCC Copper Foil in HK (https://www.aastocks.com/en/stocks/news/aafn- ...)
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Jul 24 2026, 05:09
11 cryptos set to explode in 2026 as capital rotates into presales
**Capital is rotating out of tired large-caps and into early-stage presales, Bitcoin Layer-2 scaling plays, and AI-linked tokens as the market positions for the next cycle.** Bitcoin Hyper, a Layer-2 solution using the Solana Virtual Machine to settle state commitments to the Bitcoin mainnet, has raised $32.98 million in its presale at $0.01368360 per HYPER token, making it the best-capitalized presale of the year. The project uses a Canonical Bridge system where users deposit BTC to a monitored Bitcoin address, the Bitcoin Relay Program verifies the transaction through smart contracts, and an equivalent amount of wrapped BTC gets minted on the Layer-2 network. The SVM architecture allows a theoretical throughput of 50,000 transactions per second, according to Solana Labs technical documentation, enabling sub-second finality while settling to Bitcoin L1. "The speed and efficiency of Solana combined with the security of Bitcoin is what crypto users have been asking for," the Bitcoin Hyper team said in a statement. "If the project proves reliable, it could attract developers and users looking for scalable Bitcoin-based applications." The broader market is in one of those quiet periods where the best opportunities historically appear. Bitcoin is down roughly 50% from its October all-time high, sentiment is at Fear, and most altcoins have been hit even harder. The CME FedWatch Tool shows a 93% probability that rates will remain low by the next fund meeting, according to CME Group data, a historical correlation that typically triggers capital rotation into high-beta assets like crypto. The projects that survive a downturn with active development and growing communities are the ones that tend to explode when conditions turn. After researching over 100 cryptocurrencies across every sector, the 11 most likely breakout candidates for 2026 include a mix of presale-stage tokens, live protocols with proven product-market fit, and infrastructure plays targeting specific pain points in the market. **Hyperliquid leads the established protocols** Hyperliquid, a decentralized perpetual futures exchange built on its own custom Layer-1 blockchain, has exceeded $4 billion in daily trading volume and serves over 300,000 users. The platform processed over $688 billion in trading volume in Q1 2026 alone, according to the project's data. HYPE maintains a 5.06% daily turnover rate, signaling high organic utility versus speculative price action, and boasts an open-interest-to-volume ratio of 45%, indicating that nearly half of its volume represents sustained directional positions. The token trades at $57.58 with a $55.01 billion market cap, ranking it among the top 10 cryptocurrencies globally. The platform was audited by Zellic. Render Network, a decentralized GPU computing platform on Solana, has 91,000 unique token holders and added 5,200 new active wallets in Q1 2026 alone. The project uses a Burn-and-Mint Equilibrium model where 95% of tokens spent on rendering jobs are burned, creating deflationary pressure. RENDER trades at $1.48 with a $788.33 million market cap. The advisory board includes industry figures like Ari Emanuel, JJ Abrams, Brendan Eich, and digital artist Beeple. Pump.fun, the Solana-based token launchpad, has generated over $1 billion in cumulative revenue as of mid-2026 with $412 million in executed token buybacks this year. However, rival LetsBonk.fun has seized over 55% market share, more than double Pump.fun's 27.4%, directly eating into the fee revenue that funds token buybacks. The platform also faces a $5.5 billion class-action lawsuit accusing it of running an unlicensed casino. PUMP trades at $0.0019 with a $1.91 billion market cap. **Presale-stage projects offer asymmetric upside** Maxi Doge, an Ethereum-based meme token that launched its presale in July 2025 at around $0.00025 per token, has accumulated $4.83 million in investments. The project offers a 155% annualized staking yield to incentivize long-term lockups. MAXI trades at $0.00028300 with a 150.24 billion max supply. The contract was audited by SolidProof and Coinsult. LiquidChain, a Layer 3 blockchain designed to unify liquidity across Bitcoin, Ethereum, and Solana, has raised $150,446 of its $438,966 target in stage 13 of its presale. The project uses unified liquidity pools, a Solana-style VM, and cross-chain proofs to enable asset interaction across all three chains without bridging delays. The max supply is 11.8 billion LIQUID tokens. Divine Ray takes a different approach — the project already operates a full-service social media platform available through the Apple App Store, Google Play, and desktop, while running its own Cosmos SDK-based blockchain. Divine Ray Coin trades on Osmosis at a Phase 1 ICO price of $0.0000015 per DRC, with a total supply of 5 trillion tokens. The soft cap is $750,000 and the hard cap is $3 million. SUBBD is building an AI-powered, tokenized subscription platform targeting the creator economy, where platforms like OnlyFans generated $5.6 billion in 2023. The project claims over 2,000 creator partnerships reaching 250 million followers. SUBBD trades at $0.05763000 in presale with a 1 billion max supply and has raised $1.57 million. VortexFX combines a traditional forex trading platform with blockchain-based rewards on Solana. The VFX token offers rebates on trading activity, staking rewards, and access to premium features. The max supply is 100 million VFX tokens. **Live tokens with established communities** Brett, the Base chain mascot meme coin inspired by Matt Furie's Boy's Club comic series, launched with no presale, a renounced contract, and 85% of tokens added directly to liquidity with zero transaction taxes. BRETT trades at $0.014 with a $1.02 million market cap and over 850,000 holders. Kaspa, a proof-of-work Layer-1 blockchain using the GHOSTDAG protocol, processes 10 blocks per second with plans to scale to 100 BPS, offering transaction confirmations in about 10 seconds. KAS trades at $0.027 with a $771.20 million market cap and over 15,000 holders. The project launched in November 2021 with no pre-mine, no presale, and no central governance. Most of these tokens are not yet trading on major exchanges like Coinbase. Investors need a non-custodial wallet such as BestWallet, MetaMask, or Trust Wallet to participate in presales, then connect to the official presale website — always verified through the project's official Twitter or Telegram to avoid scam sites. The next big crypto project won't advertise itself on mainstream platforms after it already exploded. Active communities on Telegram, presale aggregators like CoinSniper and CryptoRank, and Discord servers focused on specific chains like Solana or Base are where early-stage projects build before the wider market catches on. This article is for informational purposes only and does not constitute investment advice.
Jul 24 2026, 05:06
Meta's $12B data center bond costs 0.4% more as AI debt tightens
Meta is paying roughly 0.4 percentage points more to borrow $12 billion for a Texas data center than it did nine months ago, as bond investors demand higher compensation for AI-related credit risk. "This is almost a carbon copy of the prior transaction," Viviane Gosselin, an analyst at S&P Global Ratings, said of the deal's structure. The bonds, issued through a special purpose vehicle called Sopaipilla Investor, carry preliminary yields above 7%. Meta's prior $27 billion Hyperion deal, closed in October 2025, priced at roughly 6.6%. Bonds linked to that earlier project have since fallen to about 96 cents on the dollar, reflecting a broader repricing of AI debt in secondary markets. The widening spread — 40 basis points in nine months — carries real financial consequences. For a $12 billion issuance, each 10-basis-point increase adds roughly $12 million in annual interest expense. The rising cost coincides with a selloff in AI-linked equities, as investors question whether the massive capital spending cycle will deliver commensurate returns. **Deal Structure Mirrors Prior $27B Issuance** The transaction follows the same project-finance blueprint Meta used for its Louisiana campus. Sopaipilla Investor will hold 80% of the El Paso project, with Meta retaining the remaining 20%. BlackRock is leading the financing. The bonds mature in 2048 and are backed by Meta's 20-year rent payments starting in 2028. Meta has four four-year renewal options and must pay steep penalties if it exits early. The company also bears construction risk, covering cost overruns beyond 105% of the initial budget. However, if delays exceed 18 months, Meta can terminate the lease without penalty — a clause that limits bondholder recourse. S&P rated the bonds A+, one notch below Meta's AA- corporate rating. Fitch and KBRA assigned AA-, matching Meta's corporate grade. The bonds carry no direct pledge of physical assets, a structural limitation S&P flagged in its analysis. **BlackRock's $57B Week Reshapes Data Center Finance** The Meta deal is part of a broader wave of capital flowing into digital infrastructure. BlackRock, which is leading the $12 billion financing, also closed its $40 billion acquisition of Aligned Data Centers this week, bringing its total data center transaction volume to roughly $57 billion. The firm now controls more than $200 billion in data center-related assets, following its acquisitions of Global Infrastructure Partners and HPS Investment Partners. The Aligned deal adds more than 6.4 GW of operational and planned capacity across 51 campuses. CBRE reported a record $48 billion in global data center investment activity in 2025, with hyperscale capacity pipelines reaching 14 GW — up 21% year over year. JPMorgan Chase and Morgan Stanley are anchoring the bond purchase for Meta's El Paso campus and plan to syndicate the remaining debt to outside investors. BlackRock plans another $5 billion investment to accelerate Aligned's expansion, targeting power-rich and underserved US markets. For investors, the rising cost of AI debt is compressing returns for hyperscale projects, while the sheer scale of capital deployment — $57 billion in a single week from one asset manager alone — shows that institutional appetite for digital infrastructure remains strong. The question is whether revenue from AI workloads will grow fast enough to service the debt being raised to build it. This article is for informational purposes only and does not constitute investment advice.
Jul 24 2026, 04:59
Trump's new forced-labor tariffs hit 60 nations at 10% to 12.5%
**The Trump administration replaced expiring emergency tariffs with levies of as much as 12.5% on more than 60 economies, a move trading partners and analysts say is less about labor standards than about reshaping global trade rules.** The US imposed tariffs of 10% or 12.5% on imports from more than 60 trading partners effective 12:01 a.m. Friday, citing failures to enforce bans on forced-labor goods, as the legal basis for President Donald Trump's earlier emergency levies expired. "The United States has had a forced labor import ban for nearly a century, and rigorously enforces it; it's well past time for our trading partners to do the same," US Trade Representative Jamieson Greer said in a statement. The tariffs follow a months-long investigation and public hearings under Section 301 of the Trade Act of 1974. The 10% rate applies to nations that have made commitments to enforce forced-labor import prohibitions, including the European Union, Canada, India, Mexico and the United Kingdom. The 12.5% rate targets those that have not, including China, Japan, Australia, Brazil, South Korea, Vietnam, Saudi Arabia and Russia. Exemptions include goods already subject to steel and aluminum tariffs and products already loaded onto vessels before the effective date. The new duties replace the temporary 10% global tariff Trump imposed under Section 122 of the Trade Act of 1974 after the Supreme Court in February ruled his earlier emergency tariffs unlawful. That temporary authority expired at 12:01 a.m. Friday. The government is in the midst of refunding $166 billion to companies that paid tariffs later ruled illegal, with Customs and Border Protection having processed about $85 billion through May. **A rationale under scrutiny** Several US trading partners publicly rejected the forced-labor justification. The European Commission called the tariffs unjustified, reiterating its commitment to the Turnberry deal that capped tariff rates on most EU goods at 15%. Vietnam's foreign ministry said the country strictly prohibits forced labor and complies with International Labor Organization regulations. The International Chamber of Commerce's Deputy Secretary-General Andrew Wilson said the "arbitrary nature" of the tariffs was a cause for concern. Analysts said the investigation's true purpose may extend beyond labor standards. "They believe they'll be able to stick indefinitely," Dave Townsend, a partner at Dorsey & Whitney representing foreign clients in trade litigation, told USA TODAY, referring to the administration's strategy of finding durable legal footing for tariffs after the Supreme Court setback. The Committee for a Responsible Federal Budget projects the forced-labor tariffs could generate nearly $1 trillion over a decade, roughly half the revenue the invalidated emergency tariffs were expected to produce. Scott Lincicome, vice president of general economics at the Cato Institute, said other levies — including those on steel, aluminum and automobiles — could make up the difference. Greer also continues to investigate whether 16 countries produced more than they needed to burden or restrict US commerce. **Legal durability and market impact** The new tariffs are likely to face legal challenges. Alan Wolff, a senior fellow at the Peterson Institute for International Economics and former deputy director-general of the World Trade Organization, wrote that the "new tariffs would represent another case of presidential overreach" and that the Supreme Court would likely overturn them if challenged. However, Lincicome said that as long as the administration has checked procedural boxes, courts are more likely to uphold the duties. The New York Federal Reserve estimated that 90% of the economic burden from tariffs is passed on to US consumers and businesses. A Harris Poll survey found 72% of Americans believe tariffs have had a negative impact on consumers, including 64% of Republican voters. The previous 10% emergency tariffs, imposed in April 2025, affected more than 90 countries before the Supreme Court invalidated them. The last time the US imposed broad tariffs under Section 301 — during Trump's first term on $370 billion of Chinese goods — bilateral trade with China contracted by roughly 15% over the following 12 months, according to Census Bureau data. The current average US tariff on Chinese goods already exceeds 30% after multiple escalation rounds, and the new 12.5% levy adds to that cumulative burden. This article is for informational purposes only and does not constitute investment advice.