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Decentralized AI Intelligent Network DGrid AI announces the official launch of its revolutionary product DGrid AI Arena today. This is a community-driven anonymous AI model battle platform designed to allow global users to participate in evaluating and defining the true quality of AI models in a fair and transparent "blind test" manner.DGrid AI Arena encompasses three core modules: AI Battle, Points System, and Rewards Section. Users can accumulate points by completing daily AI model voting tasks and inviting valid users. Points can not only be directly exchanged for USDT rewards but also participate in the weekly points leaderboard to share in an exclusive prize pool.In the AI Arena, users will see two anonymous models (displayed only as "Model A" and "Model B") answering the same question. Without knowing the identity of the models (which could be GPT-4o, Claude 3.5, or any other model), users vote for the winner purely based on the quality of the answers. The model names will only be revealed after voting. Each vote not only determines the battle outcome but also helps the DGrid decentralized network become smarter, more coordinated, and more transparent.DGrid AI is a decentralized AI intelligent network aimed at providing low-cost, highly available, and verifiable decentralized AI capabilities for Web3 developers and AI applications.

Former Vice President of the Bank of China, Wang Yongli, published an article on his public account titled "Why China Firmly Stops Stablecoins?" In it, he pointed out that China's policy orientation to accelerate the development of the digital yuan and firmly curb virtual currencies, including stablecoins, has become completely clear. This is based on a comprehensive consideration of various factors, including China's leading advantages in mobile payments and digital yuan, the sovereignty security of the renminbi, and the stability of the monetary and financial system. The space and opportunities for developing non-U.S. dollar stablecoins are limited, as U.S. dollar stablecoins already account for over 99% of the global fiat stablecoin market value and trading volume.He emphasized that, in the context of U.S. dollar stablecoins having a high share of the crypto asset trading market, developing renminbi stablecoins in line with U.S. dollar stablecoins would not only be difficult to challenge the international status of U.S. dollar stablecoins but could even turn renminbi stablecoins into a subsidiary of U.S. dollar stablecoins, posing a serious threat to the sovereignty security of the renminbi and the stability of the monetary and financial system.

Beijing Business Today published an article titled "Speculative Trading on the Rise, People's Bank of China Strikes Again at Virtual Currencies and Defines Stablecoins for the First Time," which points out: The People's Bank of China recently held a coordination meeting to combat speculative trading in virtual currencies, where financial regulatory authorities defined stablecoins for the first time, clarifying that stablecoins are a form of virtual currency that currently cannot effectively meet requirements for customer identity verification, anti-money laundering, and other aspects. There is a risk of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers, and it reiterated the need to continue combating illegal financial activities related to virtual currencies.However, industry insiders believe that this meeting will not affect the relevant layout of stablecoins in Hong Kong, but speculation on stablecoins in the mainland will be severely cracked down on. As a result, the subsequent layout of stablecoins by relevant entities within the mainland in Hong Kong will have its imaginative space significantly reduced, more limited to practical application scenarios such as cross-border payments and supply chain finance.

The founder and executive chairman of Strategy, Michael Saylor, posted on the X platform in response to the issue of MSCI index exclusion. He stated that Strategy, as a publicly traded operating company, is fundamentally different from funds, trusts, and holding companies. Strategy not only has a software business valued at $500 million but also uniquely utilizes Bitcoin as productive capital in its asset management. Index classification cannot define Strategy. The company's long-term strategy is clear, with a strong belief in Bitcoin, and its mission has always been to become the world's first digital currency institution based on sound money and financial innovation.

Bitwise CEO Hunter Horsley stated that the following are his observations of what happens in a four-year cycle:General perception: People believe in the four-year cycle, so 2026 will be a year of decline for Bitcoin;First-order effect: As a result, people will start selling in 2025 to avoid the down year;Second-order effect: Sellers in 2025 cause 2025 to become a down year, thus breaking the four-year cycle;Third-order effect: 2026 remains undefined, but the four-year cycle has been broken.Recently, Hunter Horsley mentioned: "The four-year cycle is a thing of the past. Since the launch of the Bitcoin spot ETF, we have entered a new market structure: new participants, new dynamics, and new reasons for people to buy and sell. I believe we have likely experienced nearly six months of a bear market and are about to emerge from it. The current development environment for cryptocurrencies has never been more favorable."

ChainCatcher news, according to a social media post, "Fed mouthpiece" Nick Timiraos stated that Federal Reserve Chairman Powell has taken a "strong defensive posture" regarding a potential rate cut in September.When asked the leading question, "What circumstances would trigger a rate cut in September?" Powell replied, "I won't provide a specific answer. We need to observe the evolution of the data; there are multiple possibilities. We will make decisions based on comprehensive data analysis and risk balance assessment."As the Potomac Research Company often says: If we are hungry, we will naturally eat.

ChainCatcher news, according to Reuters, a cryptocurrency working group established by President Trump will release a report on Wednesday local time, which is expected to outline the government's stance on tokenization and market-defining cryptocurrency legislation, as well as other issues critical to the digital asset industry.Insiders revealed that these goals include ensuring that the U.S. SEC establishes a framework for companies to issue blockchain-based stocks and bonds; the report will also discuss the government's wish list regarding the broad regulatory legislation on cryptocurrencies currently being debated in Congress; the report is expected to acknowledge that the SEC needs to develop a tokenization framework, but the specific wording remains unclear.In addition, the report will elaborate on the White House's expectations regarding the market structure legislation currently under consideration by Congress.

ChainCatcher news, according to AFP: Iran defines the Israeli attack as a "declaration of war." (Jinshi)