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According to Xinhua News Agency, as the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence are about to be held, the new generation model Kimi K3 was released on the 16th, with a parameter scale of 28 trillion. This is currently the largest open-source model in the world by parameters, marking a new step in the development of artificial intelligence models in our country.Beijing Moon's Dark Side Technology Co., Ltd., which released the model, introduced that Kimi K3 natively supports visual understanding, has a context window of 1 million tokens, and is optimized for complex task scenarios such as software engineering, knowledge work, deep research, and multimodal understanding, further enhancing the processing capability of large models for complex tasks. It is understood that in evaluations, Kimi K3's comprehensive intelligence level is close to that of the world's leading closed-source models. A relevant person in charge of Moon's Dark Side stated that in the process of training the new generation foundational model Kimi K3, they used a self-developed underlying model architecture and accumulated a complete set of scientific model training methods.

According to the Financial Times, informed sources reveal that the Chinese AI unicorn company Moonshot AI plans to release a new large language model, Kimi K3, in the near future. This model has between 20 trillion to 30 trillion parameters, making it the largest AI model in China by parameter scale, and its performance is expected to surpass the flagship model Claude Opus 4.8 from Anthropic in mainstream benchmark tests (industry speculation suggests its parameter count is around 15 trillion to 20 trillion).Unlike the currently mainstream closed-source and expensive cutting-edge large models in the United States, Kimi K3 will be available as an open-weight model for users to download and modify for free, which may create competitive pressure for leading American labs like OpenAI and Anthropic. Currently, due to the rising service fees for large models in the U.S. (for example, Anthropic has announced a 50% price increase for Opus 4.8 in September), some overseas companies have begun to shift towards using more cost-effective Chinese open-source models.In terms of the capital market, informed sources indicate that Moonshot AI is preparing for a new round of financing, with the latest valuation expected to reach approximately $31.5 billion. Meanwhile, the valuations of other AI giants in China and the U.S. are also rising; DeepSeek is starting a new round of financing with an estimated valuation of about $71 billion, while Anthropic and OpenAI have reached valuations of $965 billion and $852 billion, respectively, in their latest round of financing. In response to the aforementioned release and financing rumors, Moonshot AI has currently declined to comment.

According to South Korea's Chosun Ilbo, the National Tax Service of South Korea is accelerating preparations for the taxation of virtual assets by 2027, including the establishment of a new Digital Asset Comprehensive Division and the promotion of the construction of a comprehensive analysis system for virtual assets. However, the National Assembly has not yet scheduled the discussion on the petition signed by 50,000 people to abolish the virtual asset tax, and discussions have stalled.Under the current tax system, investment income from virtual assets is taxed at 22% after a deduction of 2.5 million won, while stock investors do not pay capital gains tax when buying and selling stocks on the exchange, and losses from virtual assets cannot be carried over to the next year, which has been criticized as unfair. Related discussions are expected to advance after the government's tax reform plan is announced at the end of July.

According to Bloomberg, DeepSeek has begun preparations for its initial public offering (IPO), which may submit its listing application as early as this year.DeepSeek is working with accounting firms and expects to complete its financial reports by the end of December this year, which is a necessary preparation for submitting the IPO application. The company plans to officially submit its listing application by the end of this year or early 2027.

According to CoinDesk, Grayscale's Chief Financial Officer Edward McGee has resigned for personal reasons, effective July 2. The company stated that his departure was not due to any disagreements regarding the company's operations, policies, or practices, and appointed Kathryn Masci and Daniel Plourde as interim co-Chief Financial Officers, with Masci also serving as Chief Financial and Accounting Officer and joining the board. This personnel adjustment comes months after the departure of John Hoffman, the head of distribution and partnerships, who joined Ondo Finance. Currently, Grayscale has suspended its IPO preparations, having previously submitted a confidential application for a U.S. listing last November.

According to Bloomberg, the venture capital firm Paradigm, focused on the cryptocurrency sector, has raised approximately $1.2 billion and plans to increase its investment in artificial intelligence (AI) related projects.According to informed sources, this fundraising will focus on AI infrastructure, AI Agents, and the integration of AI with blockchain technology. Paradigm hopes to capture the next wave of technological innovation through the new fund and expand its investment footprint in emerging technology sectors.Founded in 2018 by Matt Huang and Fred Ehrsam, Paradigm is one of the leading cryptocurrency venture capital firms in the industry, having invested in several blockchain projects including Coinbase and Uniswap.This fundraising indicates that after experiencing previous market cycle adjustments, crypto capital is refocusing on the intersection of AI and blockchain. With the rapid development of AI agents, decentralized computing, on-chain data infrastructure, and other areas, more and more crypto investment firms are beginning to see AI as an important growth opportunity for the next stage.

Tokenized sovereign debt startup M1X Global has completed a $5.5 million seed round financing, led by Paradigm, with participation from Breed VC and others.M1X Global previously collaborated with the Republic of the Marshall Islands to assist in issuing the on-chain sovereign debt instrument USDM1. This product is dollar-denominated, backed 1:1 by U.S. Treasury bonds, and is a tokenized sovereign debt instrument natively issued by sovereign nations on public blockchains. USDM1 was initially issued on Stellar and is now also available on Canton and Solana.Jordan Goldman, President and COO of M1X, stated that sovereign debt is one of the largest asset classes globally, but prior to USDM1, it did not exist in a native on-chain form. The company aims to establish USDM1 as on-chain sovereign collateral and expand its use in regulated financial markets. The initial application scenario for USDM1 is domestic government aid disbursement. Citizens of the Marshall Islands can receive funds through the Lomalo wallet, allowing payments to be completed in seconds without relying on traditional banking networks. M1X also stated that recent integration with the U.S. FDIC-insured Bank of Guam further connects USDM1 to regulated banking infrastructure.

According to CryptoQuant data, the capital efficiency of Bitcoin in each bull market cycle is significantly decreasing. In the 2011 cycle, approximately $2.8 billion in net inflows drove a rise of about 55,000%; in 2015, about $69 billion corresponded to nearly 10,000%; in 2018, about $365 billion corresponded to about 2,000%; and in this cycle since 2022, about $697 billion has only produced a 689% return.In 2011, about $5 million in new funds could double the price of Bitcoin, while this cycle requires about $101 billion. CryptoQuant founder Ki Young Ju stated that this means Bitcoin needs to become a core macro asset rather than just a retail-driven ETF trade. The next parabolic market needs to attract over $1 trillion in new funds, far exceeding the current level of institutional adoption. However, this argument faces real challenges: the U.S. spot Bitcoin ETF has seen record outflows in the past month, Bitcoin ended the first half of the year at a loss, and retail funds are withdrawing rather than institutional funds accelerating inflows.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket. A large whale invested $106,814.55 in the "Paraguay vs. France - More Markets" event, specifically targeting the "Advancing Team." Based on the current transaction price, the latest corresponding winning probability for this target is 93%.

According to CNBC, Robinhood CEO Vlad Tenev stated in an interview that Agentic AI will soon possess capabilities comparable to human traders in the trading field. He pointed out that a significant amount of institutional trading has already been automated and driven by AI, and Robinhood's ultimate goal in developing AI agent trading is to enable ordinary retail investors to have the same computational power and trading tools as institutional high-frequency traders, breaking down technological barriers.It is reported that Robinhood launched tools in May of this year that allow AI agents to execute stock trades on behalf of clients. Additionally, the company just announced on Wednesday that it will launch cryptocurrency trading services in the UK to expand into the European market, and earlier this month announced a 10% reduction in staff to improve organizational efficiency.

According to Onchain Lens monitoring, two wallets associated with Paradigm have staked 1 million HYPE, worth 67.75 million dollars.

According to on-chain analyst Yu Jin's monitoring, the investment institution ParaFi Capital switched its holdings from AAVE to SKY in March and continued to increase its position by 56 million SKY (2.98 million USD) one hour ago. At the beginning of March, when the price of AAVE was 124 USD, it exchanged 42,500 AAVE for 70 million SKY, withdrawing 56 million SKY from Coinbase Prime. It currently holds a total of 126 million SKY (6.64 million USD), with an average price of about 0.066 USD, resulting in an unrealized loss of 1.72 million USD.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale has made a single purchase of $284,490 on the "Germany vs. Paraguay - More Markets" event, targeting the "Advancing Team." Based on the current transaction price, the latest corresponding winning probability for this target is 87%.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the market Polymarket. A large whale invested $234,000 in a single bet on "Australia" in the event "Paraguay vs. Australia." Based on the current transaction price, the latest corresponding win rate for this bet is 78%.

According to on-chain data monitoring, the Humanity Protocol ($H) Foundation's related addresses have completed the planned token transfers, involving a "3:10" structured hedging profit-taking plan aimed at early investors, with a token scale exceeding 540 million. According to the previously announced schedule, the related tokens will officially enter the unlocking process on June 25, marking that the plan has completed the preparatory work for payment and has entered the formal performance stage.Previously, Humanity Protocol underwent a series of ecological recovery processes due to a hacking incident, including promoting a 1:1 exchange of new and old tokens for real holding users on exchanges, and implementing KYC and AML compliance verification for the abnormal on-chain issuance chips generated after the attack to reduce market circulation risks. The timely advancement of this unlocking plan is seen as an important progress node for the project in fulfilling commitments to investors and restoring ecological order after the security incident.Humanity Protocol mainly focuses on AI identity verification and Web3 identity infrastructure. As the demand for AI agents, real-person verification, anti-witch attacks, and on-chain identity applications continues to grow, this sector still has long-term development potential. If Humanity Protocol can continue to promote product and application implementation after completing token migration and ecological recovery, its subsequent performance will still attract market attention.

On-chain yield infrastructure startup Ground announced the completion of a $3.6 million Pre-seed financing round, led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One, Consonant Ventures, and others.It is reported that Ground primarily provides APIs for fintech companies and asset management institutions, enabling them to integrate on-chain yield products into existing applications without the need to build blockchain integration themselves. Its target customers include fintech platforms, digital banks, wealth management institutions, exchanges, and asset management companies for building yield, savings, and investment products.

According to a report by ZeroHedge, JPMorgan predicts in a research report that Zhipu will release the next-generation flagship model GLM-5.5 in August, with the parameter count possibly exceeding one trillion (>1T).Zhipu just open-sourced the GLM-5.2 model with a total parameter count of 744B in mid-June, which has performed impressively in several long-range programming benchmarks. The upcoming trillion-parameter model release will become the next key indicator to assess whether Zhipu can continue to maintain an upward trajectory in its technology curve.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale purchased $50,000.09 on "Türkiye" in the "Türkiye vs. Paraguay" event. Based on the current transaction price, the latest corresponding winning probability for this target is 49%.