Shares in memory chipmakers have repeatedly fallen after surprise earnings. Simon Edelsten of Goshawk Asset Management wrote in the Financial Times that semiconductors are a cyclical industry. He cited Samsung Electronics and Micron, whose shares slipped after big profit gains. Edelsten said Micron’s past buy points coincided with negative expected earnings, while apparently low P/E periods marked sell points. He flagged oversupply concerns, SK hynix’s $28 billion ADR fundraising for new capacity, and said markets await clearer evidence that AI revenues can cover heavy investment costs.

Zcash will implement the Ironwood network upgrade on July 28 local time to address a vulnerability in its privacy-focused transaction pool, Orchard. Cointelegraph reported on July 10 local time that the upgrade aims to block the so-called Infinity Bug found in Orchard in May. Once applied, the existing Orchard pool will be closed and new activity blocked, with a new privacy pool introduced and accounting checks required before funds move over.