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Meanwhile is a life insurer with premiums and claims in cryptocurrency, creating core financial products denominated in Bitcoin (BTC). Meanwhile’s artificial intelligence (AI)-powered systems allow users to easily apply for their BTC life insurance policies, a tax-advantaged way to make a portion of policyholders’ Bitcoin active.
Apple's earnings report will test the "AI safe haven trade" logic, with high valuations and margin pressure becoming key focal points
Apple will release its earnings report after the US stock market closes on Thursday. The market will focus on whether it can sustain its strong performance as a beneficiary of the "Anti-capex AI Trade." So far this year, Apple's stock price has risen by 24%, making it the best performer among the "Magnificent Seven" tech stocks, and it has repeatedly broken the $5 trillion market capitalization mark.Analysts suggest that investors are shifting towards Apple due to concerns about the returns on massive AI capital expenditures, as the company maintains relatively lower capital spending. However, Apple's current forward price-to-earnings ratio for the next 12 months has risen to about 35 times, the highest since 2008. Meanwhile, rising memory chip costs and pressure on profit margins may become key points of focus in this earnings report. (Bloomberg)
MEXC and CoinGecko Release Report "How Crypto Exchanges Are Reshaping Traditional Asset Trading," MEXC TradFi Monthly Trading Volume Surges Approximately 59x
MEXC, in collaboration with CoinGecko, has released the latest report "How Crypto Exchanges Are Reshaping Traditional Asset Trading," which provides an in-depth analysis of the rapid expansion of traditional financial assets on centralized crypto exchanges and the shift in global investor behavior.Key findings of the report:1. The TradFi (Traditional Finance) trading volume of six major centralized exchanges surged from $3.46 billion in January 2025 to $393.15 billion in June 2026, representing a growth of over 100 times. Among this, perpetual contracts accounted for 98.5% of the total trading volume in June 2026.2. In June 2026, US equities surpassed precious metals to become the largest TradFi asset class, with monthly trading volume increasing by 337.4% to $189.84 billion, capturing a 48.3% market share. Meanwhile, precious metals trading volume decreased by 48.2% from its March peak, falling to $122.59 billion.3. MEXC's TradFi monthly trading volume grew approximately 59 times, rising from $1.54 billion in November 2025 to $91.12 billion in May 2026. Between January and May 2026, MEXC maintained the second-largest market share among the six exchanges for five consecutive months.4. In precious metals trading, MEXC ranked first among the six exchanges for two consecutive months, with trading volumes reaching $72.12 billion and $85.15 billion in April and May 2026, respectively.5. Among native crypto users, 61.9% have begun trading traditional assets through crypto exchanges.6. Among users with traditional finance experience, 74.2% have transferred some or all of their traditional asset trading to crypto exchanges.7. Across all respondents, 83.3% indicated plans to further increase their scale of trading traditional assets on crypto exchanges.
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Foreign media: South Korean companies' Q1 U.S. investment reaches $10.2 billion, hitting a five-year high
Driven by the profit surge from the AI boom and the impact of U.S. tariff policies, South Korean companies are launching their largest wave of U.S. investment and M&A in recent years. According to data from the South Korean Ministry of Economy and Finance, the actual foreign direct investment (FDI) by South Korean companies in the U.S. in the first quarter of this year more than doubled year-on-year to $10.2 billion, hitting a five-year high. Companies benefiting from the AI infrastructure boom, such as Samsung Electronics and SK Hynix, are accelerating their布局 in the U.S. AI supply chain. Samsung has already participated in funding rounds for ZutaCore, a company specializing in AI data center liquid cooling, and Groq, an AI chip company. Meanwhile, SK Hynix plans to invest $10 billion in U.S. innovative enterprises. Investment bankers believe that with Chinese buyers exiting the M&A market for large-scale U.S. tech assets, South Korean companies are entering a "golden period" for U.S. M&A. (Financial Times)
Prediction market Kalshi's trading volume surges to $24.2 billion during World Cup
: U.S. prediction market platform Kalshi experienced explosive growth during the 2026 World Cup, with platform trading volume soaring from $6.67 billion on June 22 to $24.2 billion on July 14. The single "World Cup Champion" prediction market saw trading volume exceed $1.2 billion. Kalshi stated that its growth reflects a new trend in the AI era: as the volume of AI-generated content increases substantially, authentic, real-time, and non-replicable human interaction scenarios are becoming scarcer, positioning prediction markets as a novel tool for observing public sentiment and collective judgment.Meanwhile, Kalshi is seeking to transform from a sports prediction platform into the next-generation financial trading infrastructure. The company currently holds Designated Contract Market (DCM) status recognized by the U.S. Commodity Futures Trading Commission (CFTC) and plans to expand into more prediction areas including sports, geopolitics, culture, and economics. (Fortune)
AI bubble fears heat up, US stock short bets hit highest since 2010
: As concerns over risks related to artificial intelligence intensify, bearish bets against the US stock market are climbing to record highs, reflecting investor skepticism about the sustainability of the current rally.Data shows that short interest in S&P 500 index components as a percentage of free float has approached 3.79%, the highest level since S3 Partners began tracking it in 2010. Meanwhile, the short interest ratio for Russell 3000 index components recently rose to 6.3%, also a new record.Previously, the S&P 500 has gained about 18% since late March, propelling the market higher. However, some investors are beginning to worry about the sustainability of the AI-driven tech rally and the risk of a correction amid high valuations.Analysts point out that the significant increase in short positions not only reflects investor concerns about AI bubble risks, earnings expectations, and market concentration but could also serve as a key signal of heightened market volatility.However, historical data shows that high short interest levels do not necessarily indicate an imminent market decline. If corporate earnings continue to improve or AI investments deliver better-than-expected returns, short covering could in turn drive stocks even higher. (Bloomberg)
U.S. Senate Minority Leader Proposes Anti-Corruption Agency, with Focus on Trump's Crypto Business Interests
Odaily News — U.S. Senate Minority Leader Chuck Schumer has proposed the "Creating an Anti-Corruption Bureau Act," which plans to establish a new federal anti-corruption agency responsible for investigating, enforcing, and preventing corruption within the executive branch. In a statement, Schumer noted that U.S. President Donald Trump previously disclosed investment income exceeding $2 billion in 2025, of which approximately $1.4 billion came from crypto-related businesses; in addition, the Trump family also holds crypto fund assets linked to foreign governments.The proposal would consolidate agencies such as the Federal Election Commission (FEC), the Office of Government Ethics (OGE), and the Office of Special Counsel (OSC). Trump's relationship with the crypto industry is also one of the main controversies in the advancement of the current U.S. crypto market structure bill, the CLARITY Act.The White House responded that Trump's investments are managed by independent third-party financial institutions and that there is no conflict of interest. Meanwhile, the CLARITY Act remains under consideration in the U.S. Senate, with no vote scheduled yet. (Cointelegraph)
BIT: Bitcoin Shows Resilience at Cycle Bottom Under Dual Negative Pressure, $70,000 Becomes Key Confirmation Level
According to BIT Official Chinese (@BITofficial_CN) analysis, the current crypto market faces dual pressure from the Federal Reserve's hawkish stance and the slowed progress of the CLARITY Act. Federal Reserve Chair Kevin Warsh maintains a hawkish stance; the 2-year US Treasury yield has risen cumulatively by approximately 35 basis points since late January, and the Committee has seen a pattern of 9 votes to maintain interest rates and 3 votes supporting rate hikes. Regarding the CLARITY Act, prediction markets indicate a mere 32% probability of it being signed by the end of 2026, with the legislative window continuing to narrow. Meanwhile, crypto market trading volume has retreated 80% from highs, total market cap has fallen approximately 50%, and USDT and USDC have shown no significant expansion since November 2025, reflecting an overall lack of new USD liquidity in the market. Despite this, Bitcoin remains within the $62,000 to $66,000 range, correcting only about 3% over the past week. It demonstrates stronger resilience compared to most altcoins, reflecting that active position adjustment pressure has been largely released. BIT points out that if Bitcoin subsequently regains $70,000 and drives multiple indicators to turn bullish, it will further confirm that the low point of this cycle has been established.
BIS Economists Warn: AI Boom Increases Risk of Central Bank Monetary Policy Errors
According to Yonhap News, economists at the Bank for International Settlements (BIS) warned in an analysis in their monthly bulletin that the AI boom is blurring economic signals, increasing the risk of central banks making serious policy errors. The analysis pointed out that AI's impact on investment, trade, and asset prices has reached an "observable" scale, sufficient to influence global economic prospects in real time, and continues to support economic growth amidst trade disputes and geopolitical shocks; U.S. spending on data centers and IT manufacturing facilities has risen to 0.8% of GDP, and the wealth effect from AI-driven stock price increases is also stimulating consumption. Meanwhile, if AI boosts productivity or triggers unemployment concerns, it may produce a disinflationary effect. BIS economists warned that short-term inflationary effects may already be emerging, while disinflationary effects will be more gradual; once central banks overestimate productivity gains or underestimate underlying demand growth, they will face the risk of keeping interest rates too low and inflation spiraling out of control.
Hungarian Parliament votes to abolish crypto asset verification requirements previously set to take effect on July 1, 2025
According to Cointelegraph, the Hungarian parliament voted to abolish the crypto asset verification requirements previously set to take effect on July 1, 2025, which mandated that specific cryptocurrency conversions could only be executed after licensed third parties verified asset sources, wallet ownership, and customer information. Finance Minister Kármán András stated that the previously strict regulatory provisions had caused multiple service providers to exit the Hungarian market, and the market is currently showing signs of recovery. Meanwhile, the Hungarian National Bank (MNB) officially granted Tiwala Solutions, operator of the Budapest crypto platform CoinCash, the first domestic license under the EU MiCA framework on July 20, with authorization covering custody, cryptocurrency-to-fiat and cryptocurrency-to-cryptocurrency exchange, transfers, investment advice, and portfolio management services.
44 State Attorneys General Send Joint Letter to CFTC: Regulatory Authority Over Sports Prediction Markets Does Not Belong to Federal Government
According to The Block, 44 state attorneys general led by Ohio Attorney General Andy Wilson jointly submitted a public comment letter to the Commodity Futures Trading Commission (CFTC), stating that the CFTC's proposed rules exceed the authority granted by the Commodity Exchange Act and requesting them to redraft new rules compliant with the Constitution. The letter emphasized that sports betting has historically fallen under state-level regulatory jurisdiction, and the federal government has never intervened. Meanwhile, the NFL also wrote to CFTC Chairman Michael Selig, requesting to curb the expansion of sports prediction markets, arguing that the current proposed rules are insufficient to protect the integrity of events. Currently, the legal battle between states and the CFTC continues to intensify: a Minnesota court ruled to suspend the enforcement of the state's prediction market ban, allowing Kalshi and Polymarket to continue operations; however, a New York federal judge again refused to block New York State from enforcing gambling laws against Kalshi, and Michigan and Washington states have also issued temporary injunctions restricting Kalshi from conducting sports event contract business locally.
HSBC Survey: Singapore and Malaysia Wealthy Investors' Crypto Allocation Remains Stable, Funds Shift to Gold and Alternative Assets
According to e27, the "2026 Affluent Investor Snapshot" survey released by HSBC shows that the average cryptocurrency allocation for global affluent and high-net-worth investors is 6%, a slight decrease of 1 percentage point compared to 2025. Singapore investors' crypto allocation remained unchanged at 5%, and Malaysia remained unchanged at 6%, with no significant signs of exit. Meanwhile, investors in both regions are actively reducing cash holdings—13% of respondents in Singapore and 16% in Malaysia plan to reduce cash allocation within the next 12 months, shifting to increase alternative assets such as fixed deposits, gold, and private equity. Malaysian investors' interest in gold is particularly prominent, with the proportion planning to increase gold holdings rising by 20 percentage points; Singapore investors are more inclined towards fixed deposits (+18 percentage points) and alternative investments (+15 percentage points). Conducted between January and February 2026, this survey covered a total of 9,993 investors across 10 global markets, with a minimum investable asset threshold for respondents of USD 100,000.
Data: Currently, approximately $204.77 million worth of tokens are staked, accounting for about 43% of the circulating supply.
On-chain data shows that Avalanche (AVAX) currently has approximately $204.77 million worth of tokens staked, accounting for about 43% of the circulating supply, with a large amount of holdings locked. Meanwhile, according to CryptoQuant data, whale investors are adding positions simultaneously in the spot and futures markets, positioning in advance without waiting for breakout confirmation. Technically, AVAX is currently consolidating near the apex of the pennant pattern at $6.46, and the Stochastic RSI has not yet touched the oversold zone. According to the CoinGlass liquidation heatmap, over $1 million in liquidity is clustered near the $6.90 price level, becoming the next key target price for bulls.
Data: Hedge funds sell global tech stocks at fastest pace in three days since 2016
Odaily News: The Kobeissi Letter posted on X platform that in the three days through July 28, hedge funds sold global information technology stocks at the highest pace since records began in 2016. Meanwhile, hedge funds recorded their largest three-day reduction in total stock exposure since November 2022, with selling pressure spreading across all sectors. This unwinding was primarily driven by short covering in macro products such as index futures and ETFs. Additionally, single stocks recorded their fifth-largest three-day selling volume in the past five years. By region, North America accounted for the majority of selling volume, followed by Europe. Hedge funds are significantly reducing their stock exposure.
ARK Invest Analyst: Crypto Industry Enters Largest Consolidation Phase in History
According to Cointelegraph, ARK Invest researcher Lorenzo Valente noted in a post on July 30 that the cryptocurrency industry is entering the largest consolidation phase in history. As investors become increasingly strict in screening projects, revenue is accelerating towards concentration among a few top protocols—Hyperliquid and Pump.fun collectively account for approximately 67% of the industry's application revenue, and with Ethena included, the combined share of the top three approaches 80%. Valente expects this trend to accelerate in the coming months, triggering more M&A, bankruptcies, and project closures. Meanwhile, BitMEX and BitMart recently announced the shutdown of trading services in succession, further confirming the consolidation trend. Valente believes that this round of consolidation is "extremely beneficial" for the long-term development of the crypto industry.
Binance will delist the AEUR product on July 31, 2026
that, according to an official announcement, Binance will cease support for the AEUR product on July 31, 2026, at 03:00 (UTC), including delisting the AEUR/USDT spot trading pair. Starting from August 14, 2026, at 03:00 (UTC), AEUR withdrawals will be disabled, and any remaining AEUR balance in accounts will be automatically converted to Euros at a 1:1 ratio. Users can convert their AEUR to Euros via Binance Convert before this date. Meanwhile, related services such as Binance Simple Earn, Margin, Loans, Payments, and Gift Cards will gradually discontinue support for AEUR between July 30 and 31, 2026.
Analyst: Bitcoin MVRV Z-Score Hits Multi-Year Low, Market in Undervalued Zone but No Capitulation Signal Yet
CryptoQuant analyst Axel Adler Jr. stated on X platform that Bitcoin's MVRV Z-Score has dropped to approximately 0.42, about four times lower than its historical average of 1.7, indicating Bitcoin is currently in an undervalued zone. However, this metric has not yet entered negative territory, suggesting the market has not shown the "capitulation selling" typically associated with cycle bottoms.Meanwhile, Bitcoin's 7-day Realized P/L has turned positive from negative, currently standing at approximately $239 million, indicating that on-chain selling pressure has eased. The analysis suggests that while the market is currently in an undervalued and short-term stabilization phase, it has yet to show the capitulation signal needed to confirm a cycle bottom, nor is there clear demand-driven momentum from a new cycle.
SHIB Market Cap Surges Approximately $1 Billion in Single Day, Korean Exchanges Emerge as Major Source of Buying Pressure
Meanwhile, Dogecoin (DOGE) rose only about 6% during the same period, while other dog-themed tokens increased by around 10%, indicating that capital was primarily concentrated into SHIB. In the derivatives market, during this rally, positions of about 2,300 traders in SHIB and 1000SHIB were liquidated, with a total liquidation value of about $6 million, of which short positions accounted for about $5 million, but analysis suggests that short covering was more a result of the price increase rather than the main driving factor of this market movement.
Galaxy Digital Commits $5 Million to Advance Bitcoin Quantum-Resistance Initiative
According to Decrypt, Galaxy Digital has officially launched the "Bitcoin Quantum Readiness Initiative," with three core pillars including: providing up to $5 million in post-quantum cryptography research grants to developers, publishing specialized research reports through Galaxy Research, and establishing a quantum advisory committee composed of scholars from multiple top universities. The initiative targets "Q-Day"—the critical moment when quantum computers utilize Shor's algorithm to crack Bitcoin's elliptic curve encryption, forge signatures, and steal wallet assets. Project Eleven predicts that quantum computers capable of cryptographic threats may emerge as early as 2030, at which point approximately 6.9 million BTC will face exposure risks. The Coinbase Quantum Advisory Committee has also called on developers to immediately initiate migration work. Meanwhile, Trump has signed an executive order setting the deadline for the U.S. federal government to complete post-quantum cryptography migration to December 2031.
Two hackers today spent a total of 11.718 million DAI to purchase 6,454.7 ETH
: According to monitoring by on-chain analyst Yu Jin, the hacker (0x18B...E66) who stole funds from a Coinbase user spent 7.378 million DAI early this morning to buy 4,049.7 ETH at a price of $1,822. Meanwhile, the address (0xa13...628) that received ETH from Tornado Cash last November had previously transferred out 4,978 ETH and exchanged them for 16.294 million DAI at a price of $3,273. Today, two hours ago, this address spent 4.34 million DAI to repurchase 2,405 ETH at a price of $1,804.
CertiK Hack3D Report: Web3 Losses Exceed $1.3 Billion in the First Half of 2026, Attacks Accelerate Towards High-Value Targets
Odaily, Web3 security firm CertiK has released the "Hack3D: First Half of 2026 Report." The report shows that the Web3 ecosystem experienced 344 security incidents in the first half of 2026, with cumulative losses of approximately $1.32 billion. Although this figure represents a 46.8% decrease compared to the same period last year, excluding the impact of the $1.45 billion security incident involving Bybit, the scale of losses in the first half of this year actually increased by approximately 28% year-on-year, indicating that the overall security environment in the industry has not materially improved.The report points out that wallet theft has become the attack type causing the greatest financial loss, accounting for approximately $450 million in losses in the first half of the year. Meanwhile, although the number of phishing attacks fell by more than 50% year-on-year, the loss amount only decreased by approximately 10.8%, reflecting that attackers are shifting towards high-net-worth individuals and institutional targets, carrying out more targeted high-value attacks.Furthermore, code vulnerabilities remain the most frequent type of attack, with 204 related incidents. CertiK believes that attackers are increasingly targeting long-running legacy smart contracts that lack re-audits. The report also shows that mega-attacks continue to dominate industry losses, with the Kelp DAO and Drift Protocol incidents alone causing approximately $577 million in losses, accounting for 44% of the total losses in the first half of the year. Looking at the number of incidents, the impact of single attacks, and the changing attack patterns, the Web3 industry is facing more complex and continuously escalating security challenges.
Trump’s Financial Disclosures Fuel Crypto Ethics Controversy; Democrats Demand Inclusion of Restrictive Clauses
U.S. President Trump’s newly released 927-page financial disclosure document reveals income including hundreds of millions of dollars in crypto-related earnings. Among these are millions of dollars in revenue linked to World Liberty Financial, the DeFi project launched by the Trump family in 2024. This disclosure has heightened the urgency of congressional negotiations over ethics provisions within the Clarity Act, the crypto market structure bill.Currently, bipartisan lawmakers are negotiating the Clarity Act, which aims to establish the first comprehensive federal crypto regulatory framework in the United States. A key focus of the negotiations is whether to include ethics restrictions preventing the President, Vice President, members of Congress, and other federal officials from profiting from digital assets while in office.Following the document's release, Democratic lawmakers reiterated that the bill must contain strict ethics clauses. Senator Angela Alsobrooks stated that such restrictions should apply to the President, Vice President, and all members of Congress. She noted that ordinary Americans should benefit from digital assets in a fair and honest manner, rather than allowing political figures to profit through corruption and institutional loopholes.Senator Kirsten Gillibrand also indicated that both parties are still advancing stringent ethics reforms, proposing to prohibit the President, Vice President, and lawmakers from using crypto assets for personal gain. Meanwhile, Elizabeth Warren argued that if the Clarity Act fails to prevent the President, members of Congress, and their families from profiting from the crypto industry, the bill would further fuel controversies surrounding Trump-related crypto corruption.Republicans, for their part, stated that ethics clauses remain part of the bipartisan negotiations. With the July window for advancing the Clarity Act approaching, the disclosure of Trump family crypto income could become a key variable influencing the final text of the bill and the level of Democratic support.
The U.S. partially eases export restrictions on Anthropic, marking a new phase of tiered AI regulation liberalization
the U.S. Department of Commerce has made differentiated adjustments to export restrictions on frontier models from AI company Anthropic, signaling that global AI regulation has entered a new phase of "tiered liberalization." The policy shows that the official ban on exporting Claude Mythos 5 has been lifted, allowing specific compliant and controlled users to resume using this cybersecurity model. Meanwhile, another high-end model, Fable 5, remains under export restrictions, with related policy consultations still ongoing.Industry analysts indicate that this layered control model—loosening restrictions in some areas while tightening in others—reflects the U.S. balancing act between national security, data sovereignty, and international AI competition. As the global AI race continues to accelerate, specialized models capable of vulnerability exploitation are facing increasingly stringent scrutiny from various countries. Multiple nations have initiated discussions on establishing a unified cross-border regulatory framework for frontier AI capabilities. (Forbes)
Anthropic's Restricted Spillover Effect Emerges: Asian AI Companies Simultaneously Launch Rival Frontier Models
as Anthropic faces export restrictions limiting the global availability of its advanced models, multiple Asian AI companies are accelerating efforts to fill the market gap. Chinese cybersecurity firm 360 Security Technology has reportedly launched an AI tool called "Tulongfeng," claiming it can directly compete with Anthropic's high-end model "Mythos." Meanwhile, its more restricted version, "Fable 5," also falls within the scope of relevant export controls.In the same week, Japanese AI startup Sakana AI released a new model named "Fugu," taken from the Japanese word for pufferfish. It is positioned as a frontier model designed for agents. The company stated that the model's capabilities are comparable to Fable 5 and Mythos Preview, and it supports coordinating multi-model calls via API to enable agent orchestration.Sakana AI emphasized that the timing of this release and the U.S. export restrictions are "purely coincidental," but the product's official website still clearly promotes "providing frontier capabilities without the risk of export controls." Company co-founder David Ha stated that future AI development will shift from competition among single large models to "model orchestration systems," adding that "access can disappear at any time, and distributed intelligence is a realistic hedge against the risks of centralization."On the other hand, Chinese 360 founder Zhou Hongyi views AI vulnerability detection capabilities as a "national strategic asset" and warns of the so-called "one-way transparency" risk, where certain entities may monopolize advanced security capabilities.According to reports, the U.S. export restrictions on Anthropic's advanced models have been in place for about two weeks. Against this backdrop, Asian manufacturers are accelerating the launch of local alternatives. Although some companies still emphasize the importance of American models in the Asian market, the trend of differentiation within the regional AI ecosystem has begun to emerge. (TechCrunch)
BIT: Bitcoin Shows Resilience at Cycle Bottom Under Dual Negative Pressure, $70,000 Becomes Key Confirmation Level
According to BIT Official Chinese (@BITofficial_CN) analysis, the current crypto market faces dual pressure from the Federal Reserve's hawkish stance and the slowed progress of the CLARITY Act. Federal Reserve Chair Kevin Warsh maintains a hawkish stance; the 2-year US Treasury yield has risen cumulatively by approximately 35 basis points since late January, and the Committee has seen a pattern of 9 votes to maintain interest rates and 3 votes supporting rate hikes. Regarding the CLARITY Act, prediction markets indicate a mere 32% probability of it being signed by the end of 2026, with the legislative window continuing to narrow. Meanwhile, crypto market trading volume has retreated 80% from highs, total market cap has fallen approximately 50%, and USDT and USDC have shown no significant expansion since November 2025, reflecting an overall lack of new USD liquidity in the market. Despite this, Bitcoin remains within the $62,000 to $66,000 range, correcting only about 3% over the past week. It demonstrates stronger resilience compared to most altcoins, reflecting that active position adjustment pressure has been largely released. BIT points out that if Bitcoin subsequently regains $70,000 and drives multiple indicators to turn bullish, it will further confirm that the low point of this cycle has been established.
Gate gStocks Popular Korean Stock Tokens Lead Gains, KORU ETF Up Over 11% in 24 Hours
on July 30 that assets related to the South Korean market performed actively, with multiple Korean stock tokens on Gate gStocks seeing upward trends. According to the latest data from Gate, the MSCI Korea Index 3x Leveraged ETF token (KORUG/USDT) surged 11.54% in the past 24 hours, now trading at $13.817, making it the current top gainer among gStocks targets. Meanwhile, Samsung Electronics (SAMSUNG/USDT) is currently trading at $156.81, up 8.16% in 24 hours; SK Hynix (SKHYG/USDT) stands at $131.67, up 7.56% in 24 hours.Gate gStocks employs a 1:1 fully backed native stock reserve mechanism, where each tokenized security is backed by an equivalent amount of the underlying native stock. It supports 7×24 trading, unified account management, investment starting from as low as 1 USDT, and fractional share trading. Users can participate in global popular stock investments with greater flexibility, achieving a one-stop allocation of digital assets and traditional securities. As the tokenized securities ecosystem continues to expand, Gate gStocks will persistently introduce more high-quality stock and ETF targets, offering users an increasingly diverse range of global asset allocation options.
B.AI API Launches "Official 10% Discount Bundle", Cost-Effective Access to Claude Series Models
B.AI API has officially launched its first "Official 10% Off Group". While balancing model invocation stability, service quality, and cost efficiency, it leverages official direct channels to provide users with highly reliable AI invocation services. The initial batch supports Claude series models, with more mainstream models set to open soon. Meanwhile, the platform's "Select Your Own Provider" mode offers up to 80% off, granting users full autonomy to flexibly balance performance, stability, and cost based on the actual needs of their business scenarios to achieve optimal configuration.
MEXC and CoinGecko Release Report "How Crypto Exchanges Are Reshaping Traditional Asset Trading," MEXC TradFi Monthly Trading Volume Surges Approximately 59x
MEXC, in collaboration with CoinGecko, has released the latest report "How Crypto Exchanges Are Reshaping Traditional Asset Trading," which provides an in-depth analysis of the rapid expansion of traditional financial assets on centralized crypto exchanges and the shift in global investor behavior.Key findings of the report:1. The TradFi (Traditional Finance) trading volume of six major centralized exchanges surged from $3.46 billion in January 2025 to $393.15 billion in June 2026, representing a growth of over 100 times. Among this, perpetual contracts accounted for 98.5% of the total trading volume in June 2026.2. In June 2026, US equities surpassed precious metals to become the largest TradFi asset class, with monthly trading volume increasing by 337.4% to $189.84 billion, capturing a 48.3% market share. Meanwhile, precious metals trading volume decreased by 48.2% from its March peak, falling to $122.59 billion.3. MEXC's TradFi monthly trading volume grew approximately 59 times, rising from $1.54 billion in November 2025 to $91.12 billion in May 2026. Between January and May 2026, MEXC maintained the second-largest market share among the six exchanges for five consecutive months.4. In precious metals trading, MEXC ranked first among the six exchanges for two consecutive months, with trading volumes reaching $72.12 billion and $85.15 billion in April and May 2026, respectively.5. Among native crypto users, 61.9% have begun trading traditional assets through crypto exchanges.6. Among users with traditional finance experience, 74.2% have transferred some or all of their traditional asset trading to crypto exchanges.7. Across all respondents, 83.3% indicated plans to further increase their scale of trading traditional assets on crypto exchanges.
Binance will delist the AEUR product on July 31, 2026
that, according to an official announcement, Binance will cease support for the AEUR product on July 31, 2026, at 03:00 (UTC), including delisting the AEUR/USDT spot trading pair. Starting from August 14, 2026, at 03:00 (UTC), AEUR withdrawals will be disabled, and any remaining AEUR balance in accounts will be automatically converted to Euros at a 1:1 ratio. Users can convert their AEUR to Euros via Binance Convert before this date. Meanwhile, related services such as Binance Simple Earn, Margin, Loans, Payments, and Gift Cards will gradually discontinue support for AEUR between July 30 and 31, 2026.
SoFi Q2 crypto trading revenue increased 10% QoQ to $134.3 million
According to The Block, SoFi's crypto trading revenue in the second quarter increased 10% quarter-over-quarter, reaching $134.3 million, with net income of approximately $1.2 million after deducting $133.1 million in transaction costs. Meanwhile, SoFi's stablecoin SoFiUSD has begun processing 24/7 business payments through its business banking platform Big Business Banking, and went live for retail users in May, supporting buying, selling, holding, and exchanging on Ethereum and Solana.
Related news
U.S. Senate Minority Leader Proposes Anti-Corruption Agency, with Focus on Trump's Crypto Business Interests
Odaily News — U.S. Senate Minority Leader Chuck Schumer has proposed the "Creating an Anti-Corruption Bureau Act," which plans to establish a new federal anti-corruption agency responsible for investigating, enforcing, and preventing corruption within the executive branch. In a statement, Schumer noted that U.S. President Donald Trump previously disclosed investment income exceeding $2 billion in 2025, of which approximately $1.4 billion came from crypto-related businesses; in addition, the Trump family also holds crypto fund assets linked to foreign governments.The proposal would consolidate agencies such as the Federal Election Commission (FEC), the Office of Government Ethics (OGE), and the Office of Special Counsel (OSC). Trump's relationship with the crypto industry is also one of the main controversies in the advancement of the current U.S. crypto market structure bill, the CLARITY Act.The White House responded that Trump's investments are managed by independent third-party financial institutions and that there is no conflict of interest. Meanwhile, the CLARITY Act remains under consideration in the U.S. Senate, with no vote scheduled yet. (Cointelegraph)
BIT: Bitcoin Shows Resilience at Cycle Bottom Under Dual Negative Pressure, $70,000 Becomes Key Confirmation Level
According to BIT Official Chinese (@BITofficial_CN) analysis, the current crypto market faces dual pressure from the Federal Reserve's hawkish stance and the slowed progress of the CLARITY Act. Federal Reserve Chair Kevin Warsh maintains a hawkish stance; the 2-year US Treasury yield has risen cumulatively by approximately 35 basis points since late January, and the Committee has seen a pattern of 9 votes to maintain interest rates and 3 votes supporting rate hikes. Regarding the CLARITY Act, prediction markets indicate a mere 32% probability of it being signed by the end of 2026, with the legislative window continuing to narrow. Meanwhile, crypto market trading volume has retreated 80% from highs, total market cap has fallen approximately 50%, and USDT and USDC have shown no significant expansion since November 2025, reflecting an overall lack of new USD liquidity in the market. Despite this, Bitcoin remains within the $62,000 to $66,000 range, correcting only about 3% over the past week. It demonstrates stronger resilience compared to most altcoins, reflecting that active position adjustment pressure has been largely released. BIT points out that if Bitcoin subsequently regains $70,000 and drives multiple indicators to turn bullish, it will further confirm that the low point of this cycle has been established.
Data: Currently, approximately $204.77 million worth of tokens are staked, accounting for about 43% of the circulating supply.
On-chain data shows that Avalanche (AVAX) currently has approximately $204.77 million worth of tokens staked, accounting for about 43% of the circulating supply, with a large amount of holdings locked. Meanwhile, according to CryptoQuant data, whale investors are adding positions simultaneously in the spot and futures markets, positioning in advance without waiting for breakout confirmation. Technically, AVAX is currently consolidating near the apex of the pennant pattern at $6.46, and the Stochastic RSI has not yet touched the oversold zone. According to the CoinGlass liquidation heatmap, over $1 million in liquidity is clustered near the $6.90 price level, becoming the next key target price for bulls.
Sources: DeepSeek Plans to Build 1GW-Scale AI Data Center in Ulanqab, Inner Mongolia
According to sources, DeepSeek plans to build a large-scale AI data center in Ulanqab, Inner Mongolia, with new computing power capacity reaching 1GW. A portion of the computing power is expected to become operational by the end of next year or in early 2028. Meanwhile, the company also intends to lease additional computing power from other companies to supplement demand. Ulanqab's average annual temperature is about 4°C; the natural low-temperature environment helps reduce cooling costs for high-power consumption AI servers, making it an important consideration for data center site selection. Currently, this news has not yet been officially confirmed by DeepSeek.
Data: Hedge funds sell global tech stocks at fastest pace in three days since 2016
Odaily News: The Kobeissi Letter posted on X platform that in the three days through July 28, hedge funds sold global information technology stocks at the highest pace since records began in 2016. Meanwhile, hedge funds recorded their largest three-day reduction in total stock exposure since November 2022, with selling pressure spreading across all sectors. This unwinding was primarily driven by short covering in macro products such as index futures and ETFs. Additionally, single stocks recorded their fifth-largest three-day selling volume in the past five years. By region, North America accounted for the majority of selling volume, followed by Europe. Hedge funds are significantly reducing their stock exposure.
Apple's earnings report will test the "AI safe haven trade" logic, with high valuations and margin pressure becoming key focal points
Apple will release its earnings report after the US stock market closes on Thursday. The market will focus on whether it can sustain its strong performance as a beneficiary of the "Anti-capex AI Trade." So far this year, Apple's stock price has risen by 24%, making it the best performer among the "Magnificent Seven" tech stocks, and it has repeatedly broken the $5 trillion market capitalization mark.Analysts suggest that investors are shifting towards Apple due to concerns about the returns on massive AI capital expenditures, as the company maintains relatively lower capital spending. However, Apple's current forward price-to-earnings ratio for the next 12 months has risen to about 35 times, the highest since 2008. Meanwhile, rising memory chip costs and pressure on profit margins may become key points of focus in this earnings report. (Bloomberg)