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The National Development and Reform Commission officially released the "Action Plan for the Cooperative Development of Artificial Intelligence," aimed at building an open, shared, secure, orderly, and collaboratively governed global artificial intelligence ecosystem. The plan clearly outlines eight core actions, comprehensively promoting deep international cooperation in the AI field from multiple dimensions, including data, computing power, algorithms, talent, and governance. At the foundational level of data and computing power, the action plan emphasizes the need to promote cross-border data flow and build a trustworthy cross-border data space, collaboratively constructing a high-quality corpus; at the same time, it promotes the interconnection of intelligent computing facilities, providing inclusive intelligent computing services to developing countries, and creating low-carbon intelligent computing infrastructure driven by green energy.In terms of industrial empowerment and ecological sharing, the plan encourages the co-construction of an international open-source community for artificial intelligence, promoting the sharing of general large models, basic algorithms, and tool components, and supporting countries in conducting localized innovation based on open-source models. By deepening "Artificial Intelligence +" cooperation, it aims to build a cross-national industrial cooperation platform, promoting the deep application and empowerment of AI technology in fields such as science, manufacturing, healthcare, education, agriculture, and governance. In addition, the plan also proposes the establishment of a joint training mechanism for top digital talent, collaboratively formulating occupational standards and skill certification systems, comprehensively enhancing public literacy, and jointly addressing the structural impacts of AI on employment.Regarding industry rules and technical security, the action plan advocates for the co-construction of rules and standards and collaborative governance for security. All parties will strengthen information sharing on cybersecurity threats and emergency response cooperation, researching ways to enhance the explainability, transparency, and safety of artificial intelligence. Finally, the plan emphasizes adherence to the technological ethics principle of "AI for Good," collaboratively constructing an ethical guideline system dedicated to eliminating algorithmic biases in the forms of racism, discrimination, and others. By promoting international governance cooperation in AI research, it aims to contribute public scientific products to the Global South, effectively serving the United Nations' 2030 Sustainable Development Goals.

According to Cointelegraph, ARK Invest's research director Lorenzo Valente published a rebuttal to a16z crypto's view that "traditional finance will adopt blockchain rather than DeFi," arguing that institutions will increasingly rely on DeFi infrastructure in the future.Valente stated that public chains are leading private chain projects in actual development, with the growth of tokenized assets on open networks like Ethereum as an example. He also believes that crypto-native companies like Circle and Coinbase are better positioned than traditional financial institutions to build the next generation of financial infrastructure.a16z crypto previously stated that banks and asset management institutions would not directly adopt DeFi but would choose blockchain technologies that comply with existing regulatory, governance, and operational requirements, including features like tokenization and atomic settlement, while continuing to maintain licensing and institutional control.Sentora co-founder Jesus Rodriguez also disagreed with a16z's viewpoint, suggesting that institutions might adopt the underlying infrastructure of DeFi and overlay compliance, custody, and other enterprise-level controls on top of it.

The financial company focused on Bitcoin asset management, Bitcoin Treasury Capital ($BTCB), has been approved to list Sweden's first Bitcoin-backed preferred shares (BTC PREF) on the Spotlight stock market, with the first trading day expected to be July 20. This product offers a 10% annual dividend.

Bitcoin Treasuries.NET posted on platform X that The Smarter Web Company has completed a $282 million capital reduction, which is an important step in advancing the issuance of the UK's first Bitcoin-backed perpetual preferred shares, which have a maximum dividend payment capacity of $178 million.

According to Jinshi reports, Federal Reserve Chairman Waller stated that recent inflation data does not perfectly reflect the underlying inflation situation.

According to official news, Gate announced the launch of the interest-earning feature for stock and CFD account assets, allowing users to earn automatic returns on eligible idle USDT and USDx in their accounts while participating in stock trading, IPOs, and CFD trading. This feature uses a tiered interest mechanism, matching interest levels based on the USDT balance in the stock account and the USDx balance in the CFD account. A single account balance exceeding 1,000 USDT or USDx can participate in interest calculation, with a reference annualized return rate of up to 3.00%.

According to Bloomberg, cloud computing service provider Nebius Group announced that it has reached an agreement with artificial intelligence model development company Reflection AI to sell computing power worth over $1 billion.According to statements from both parties, the agreement is valid until 2029, and Reflection AI will gain access to computing resources using NVIDIA GB300 AI chips to support its artificial intelligence model research and development.

A court in São Paulo, Brazil ruled that Coinbase must refund nearly $100,000 to a user who claimed that funds deposited in their Coinbase Wallet disappeared in an unauthorized transaction. Coinbase argued that the wallet's private key is entirely controlled by the user, but failed to prove that the transaction was initiated by the wallet holder, nor did it demonstrate the existence of security measures to prevent this outcome.The court made its ruling based on relevant provisions of the Consumer Protection Law and ordered Coinbase to refund the full amount along with statutory interest.

According to Protos, prosecutors in Wisconsin and New York have expressed dissatisfaction with the stablecoin issuer Circle, citing that Circle has repeatedly hindered law enforcement's attempts to recover stolen funds. Law enforcement agencies in various locations have sought Circle's cooperation to help victims of fraud and hacking incidents recover losses by destroying and reissuing USDC tokens, but Circle has refused these requests based on policy positions.Circle believes that modifying the blockchain ledger to reverse transactions would undermine the fundamental attributes of the USDC stablecoin and set a dangerous precedent for the entire cryptocurrency industry. This position highlights the deep-seated conflict between the immutability of blockchain and law enforcement needs. Prosecutors argue that Circle, as a regulated stablecoin issuer, should bear more social responsibility, while Circle insists on upholding the core principles of blockchain technology, making it difficult for both sides to bridge their differences on this issue in the short term.

On June 29, Strategy raised the annual dividend of STRC to 12% and authorized a $1 billion buyback plan, covering four preferred securities: STRC, STRF, STRD, and STRK, with STRC being the initial preferred buyback target.Strategy disclosed that the buyback funds would not come from its approximately $2.55 billion reserves, but may come from the $1.25 billion Bitcoin monetization plan approved during the same period. STRC traded this week at a high of $80, dipping below $85 on some trading days, below the long-term trading target of $99 to $100 set by Strategy. Peter Schiff stated that the price of STRC below $87 indicates that Wall Street is questioning the growth rate of Bitcoin.

According to a report by the International Consortium of Investigative Journalists (ICIJ), the stablecoin issuer Circle has been criminally charged by the Wisconsin state prosecutor for refusing to comply with a court order to assist in recovering funds for fraud victims.A victim in Wisconsin was defrauded of approximately 381,000 USDC, and the court issued a warrant last December requiring Circle to transfer frozen assets to law enforcement wallets, but Circle refused to comply, citing "technical inability to destroy and reissue tokens."The New York state prosecutor had previously sent a letter to the U.S. Senate, accusing Circle of repeatedly refusing asset freeze requests without a warrant and questioning its motives—Circle currently holds at least 119 million frozen USDC, which can continuously earn interest.In response, Circle denied the allegations, stating that the Wisconsin court lacks jurisdiction, and indicated that it has reached a preliminary agreement with federal prosecutors regarding a compensation mechanism for victims. Cryptocurrency tracking experts pointed out that Circle could fully implement token destruction and reissuance by updating its code, casting doubt on its claim of technical incapacity.

Wintermute announced on platform X that it has executed its first power forward trade, referencing the pricing of NVIDIA H100.The market maker stated that computing power is becoming an independent market, and tools for pricing and hedging are now beginning to emerge.

According to DigitalAsset, Upbit operator Dunamu has been selected as the first priority candidate for the "Management of Seized Digital Asset Custody Business" by the Korean National Police Agency. According to data from the Korean government procurement portal (KONEPS), Dunamu ranked first with a comprehensive score of 94.73 (technical score 84.73, bid price score 10), surpassing the Korea Digital Asset Custody Company (KDAC, 91.29) and Hecto Wallet One (87.27).The project budget is 267 million won, with a contract period of 1 year, aimed at entrusting the digital assets seized by the police during investigations to external professional institutions for secure custody. Previously, there were cases in the Korean judicial system where seized bitcoins were lost, raising concerns about the need for external custody of digital assets.

According to Cointelegraph, Santiment data shows that the exchange supply of Bitcoin and Ethereum is close to historical lows, with Bitcoin at its lowest level since 2017 and Ethereum at its lowest level since 2015, reflecting increased confidence in investor holdings.

Du Jun, co-founder of ABCDE Capital, stated that Li Bojie, founder of Metagent, is the "least contractual spirit founder" he has ever worked with. Du Jun mentioned that Li Bojie founded Metagent in 2024 and received investment from ABCDE Capital, but subsequently refused to fulfill the basic obligations stipulated in the investment agreement, including updating investors on business progress and financial status, and later even went completely offline.Du Jun stated that venture capital can accept project failures, but cannot accept fraudulent behaviors such as founders "running away" after receiving investment.

ENS co-founder Alex Van de Sande proposed a formal draft on Monday, suggesting to delegate 5 million ENS tokens from the ENS DAO's idle community treasury to individual participants to break the current concentration of governance power. Van de Sande pointed out in the proposal that currently, a representative with a sufficient quorum can not only execute any proposal but can also veto the votes of the next 50 representatives, implicitly referring to co-founder Nick Johnson. The tokens come from the unclaimed community treasury shares from the original ENS airdrop five years ago, and participants do not own or cannot sell these tokens. Van de Sande also proposed to add another 5 million tokens for delegation next year, trigger the revocation of delegation after six months of inactivity, and automatically terminate the overall arrangement after two years.This proposal comes at a time when the governance dispute within ENS DAO is escalating: Johnson previously delegated his ENS tokens (approximately 50% of the total delegated amount) to support a proposal to transfer the DAO's operational wallet to the ENS Foundation, and then used his voting power to block the renewal of the security committee, drawing criticism from several community members, with the original The DAO code author Christoph Jentzsch even suggesting to directly dissolve the ENS DAO.

Gate, as the exclusive platform supporting Korean stock trading services, continues to enrich the global stock asset layout. Recently, the volatility in the Korean semiconductor sector has intensified, and the market trading heat remains high. According to the latest data from the Gate platform, the semiconductor leader SK Hynix reached a high of $1654.1 and a low of $1509.9 during the day, currently reported at $1543.1, with a daily decline of 5.03%. According to CoinGlass data, the contract position for Gate SK Hynix (SKHYNIX) exceeds $24.5448 million, ranking among the industry leaders.

The security analysis platform GoPlus tweeted regarding the incident where "a user exchanged approximately 1126 ETH (about 2.01 million USD) for 5776 LIT (about 14,000 USD) on Uniswap, resulting in a loss of nearly 2 million USD." The core reason for this incident was not a sandwich attack, but rather backrunner arbitrage within the same block. The routing contract injected a large amount of WETH into a liquidity-poor AVAIL/WETH trading pool, causing the user to buy AVAIL at a severely deviated market price (about 120 times the reasonable price). Subsequently, within the same block, the backrunner executed a reverse trade on the pool with a minimal amount of AVAIL at the real price, withdrawing approximately 1072 WETH, and paid most of it (about 1018 ETH) as builder payment to Titan Builder.

Crypto journalist Eleanor Terrett posted on the X platform that after the release of President Trump's financial disclosure documents, Senator Gillibrand once again called for advancing ethical reforms to prohibit the president, congressional members, and their spouses from issuing or sponsoring digital assets.The financial disclosure documents show that President Trump earned over $600 million from his Solana Meme coin in 2025. At the time of this announcement, Senator Gillibrand's long-standing position advocating for stronger ethical rules came under more scrutiny, as reports emerged that her son had raised funds to launch a cryptocurrency derivatives exchange.

According to official news, the stablecoin protocol Reflect, supported by a16z, announced the launch of an independent voluntary recovery plan for USDC+ position holders affected by the Drift (now Velocity) April hacking incident: a 180-day window is now open, during which holders can voluntarily sell their positions to Palindrome Engineering at a price of 0.2 USDC + 80 Reflect Credit (RC) per unit, with complete on-chain settlement.The plan is funded in advance by Palindrome and is completely independent of the Drift recovery process. Participation means waiving the right to pursue claims against Drift in exchange for immediate certainty of liquidity; those who do not participate can still support Drift's DFX recovery channel.