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According to a report by The Paper, at the 2026 World Artificial Intelligence Conference, renowned futurist and "father of the Silicon Valley spirit" Kevin Kelly stated in a media interview that if one day everyone starts to care about the cost of tokens, the existence of open-source models would be an advantage for Chinese AI.Kevin Kelly mentioned that the cost of token consumption is becoming increasingly important, and currently, it seems that people do not care about the cost. "But I believe that when we are constantly consuming such a large number of tokens, people will start to care (about the cost). If you can provide a cost that is only one-tenth of Anthropic's, then it will change the game."However, Kevin Kelly also reminded that the open-source model requires sufficient funding to maintain operations, as it is not as profitable as the closed-source model. "Building these large models requires massive funding."

HONG KONG, July 6, 2026 — Next-generation financial operating system PhotonPay has introduced PhotonPass, a native account-to-account (A2A) transfer capability engineered to accelerate liquidity velocity across global commerce networks. PhotonPass allows businesses to execute instant internal transfers across 19+ fiat currencies alongside top-tier stablecoins like USDT and USDC within the PhotonPay network. By moving transactions off legacy correspondent banking rails, the feature delivers same-second finality while reducing intermediary fees, settlement queues, and unnecessary FX exposure. Every transfer features real-time tracking and automated verification backed by PhotonPay’s AI-driven risk engine. The strategic significance of PhotonPass extends beyond isolated transaction speed; it serves as the architectural anchor for PhotonPay’s broader "Financial Operating System." By bridging the gaps between Global Checkout, multi-currency Custody Wallets, and automated FX modules, PhotonPass transforms fragmented financial touchpoints into a single, programmable capital flow. This enables enterprises to orchestrate global treasury movements with the same speed and composability as the software driving their front-end operations. "The competitive landscape of global commerce is no longer defined by strategy alone — it is defined by the infrastructure available to execute it. PhotonPass closes a critical loop in the PhotonPay operating system, and brings us one step closer to the platform we set out to build: financial infrastructure that keeps pace with the speed of modern commerce, across every market, without exception." ——Lewison Chen, Founder and CEO of PhotonPay.PhotonPass is available now to all PhotonPay users globally.

According to BeInCrypto's latest selection, Gate was included in the "Best MiCA-Licensed Crypto Platforms in 2026" and was awarded "Best for Access to a Large Cryptocurrency Selection." The selection pointed out that Gate provides a diversified digital asset ecosystem covering spot trading, contracts, wealth management, and Web3 services, offering European users a more comprehensive digital asset trading experience with its extensive asset coverage and product system.With the official end of the transition period for the EU's Markets in Crypto-Assets Regulation (MiCA), the European digital asset market has fully entered an era of unified regulation. Gate Europe has previously obtained the EU MiCA license and Payment Institution (PI) license, which provide solid support for Gate Europe's operations under the European regulatory framework and further enhance the platform's capabilities in compliance operations, risk management, and long-term development. The recognition from a well-known industry media outlet further reflects Gate's positive progress in promoting compliance construction and continuously optimizing product services in Europe. Gate's founder and CEO Dr. Han stated that the formal implementation of MiCA signifies the official end of the "regulatory arbitrage" era in the European crypto industry, and market competition will increasingly return to the essence of products, security, and user experience. This viewpoint was also reprinted by Cointelegraph, further demonstrating the industry's broad attention to the new era of European regulation.Currently, multiple entities under Gate have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai, solidifying the global business foundation through multi-regional regulatory licenses and registrations. The platform continues to advance its global compliance strategy, continuously improving its global compliance network to provide users with safer, more transparent, and efficient digital asset services.

According to the latest social media news from CoinGecko, Gate is competing with platforms like Coinbase and OKX for the increase of EU users. Gate continues to advance its European compliance process, and Gate Group's Malta entity, Gate Europe, has obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), strengthening its global compliance framework.In addition, relying on a rich array of trading products, robust platform services, and global operational capabilities, Gate actively meets the growing demand for digital asset trading in the European market. This layout not only enhances Gate's localized service capabilities in the European market but also provides solid support for the platform in terms of user trust, fund security, compliance operations, and long-term market expansion, highlighting its compliance competitive advantage among global crypto trading platforms.

Uniswap announced on Wednesday the addition of a no-code token auction tool in its web application, allowing any team to configure and launch on-chain token sales directly through the browser without writing code. This tool operates based on Uniswap's Continuous Clearing Auction (CCA) mechanism, where bids accumulate over multiple blocks and settle at a uniform clearing price each time.Bidders set a total budget and a maximum price per token, with everyone paying the same final clearing price. Since the auction spans a time distribution rather than being completed in a single block, it eliminates the speed advantage of bots and last-minute sniping. After the auction ends, liquidity is directly injected into the Uniswap pool, achieving an integrated process for price discovery and trading pair guidance.Previously, Aztec raised $59 million through CCA from 17,000 bidders across 191 countries, with the clearing price exceeding the reserve price by 60%; Cap Labs' auction attracted 1,002 independent bids, with a 5.5 times oversubscription, and a clearing FDV of $106 million.

According to Token Terminal data, Steakhouse Fi's leading advantage in the Morpho curator ecosystem has expanded to approximately $1 billion, far exceeding the second place. A year ago, there was almost no significant gap between the protocol and its competitors, indicating rapid growth and market consolidation over the past year.Morpho operates on a curator model, where multiple treasury managers compete for liquidity by offering different risk-return configurations and strategies. Steakhouse Fi's dominance indicates that it has successfully achieved differentiation or gained significant user trust within the Morpho ecosystem. The curator ecosystem remains an active competitive area in the DeFi space, with various protocols increasingly relying on specialized managers to expand capital deployment across different risk levels and strategies.

According to Decrypt, digital asset market infrastructure provider Prometheum has officially completed its first batch of cryptocurrency transactions after nearly a decade of establishment and raising approximately $100 million, currently only supporting Ethereum transactions.Prometheum has been controversial in the industry for supporting the compliance path and regulatory stance of the U.S. SEC during Gary Gensler's tenure, and in 2023 became the first company to obtain a Special Purpose Broker-Dealer (SPBD) license from the U.S. SEC and FINRA, allowing it to custody digital asset securities under a federal regulatory framework. However, with Gary Gensler's departure, the U.S. SEC's withdrawal of lawsuits against companies like Coinbase, and the regulatory framework shifting to a more lenient model, the compliance and custody license advantages that Prometheum has built over the long term are being weakened.

The Financial Secretary of Hong Kong, Paul Chan, published a blog post in which he pointed out that the Guangdong-Hong Kong-Macao Greater Bay Area possesses three capabilities: cutting-edge artificial intelligence research and development, a complete high-end manufacturing chain, and an international financial hub.Paul Chan stated that this "AI + manufacturing + finance" triple advantage allows Hong Kong to play two major roles during the 14th Five-Year Plan period: industrial synergy and regulatory alignment, including serving as the "international interface" for emerging industries landing in the Greater Bay Area, as well as being a "communication and conversion platform" for mutual reference between national standards and international standards.

Barry Silbert, the founder of Grayscale's parent company Digital Currency Group (DCG), stated on the X platform that the market has yet to realize the global demand for decentralized digital value storage tools like Bitcoin, which could be as high as $2 trillion. At that time, the industry generally believed that Bitcoin itself was sufficiently private and could serve as a relatively private global value storage and transfer tool. However, as market awareness increases, the demand for privacy is being more clearly identified, and therefore privacy coins like Zcash will benefit from the "first-mover advantage."

The Canadian asset management firm Alberta Investment Management Corporation (AIMCo) disclosed that it purchased approximately 1.38 million shares of Strategy (MSTR) in the first quarter, with an investment amount of about 172 million USD. Based on the current share price of approximately 175 USD, the market value of this position has risen to about 241 million USD, with an unrealized gain of approximately 69 million USD. AIMCo's average cost basis is about 125 USD per share. AIMCo previously held shares of the company from 2019 to 2020 and liquidated its position shortly after the company shifted to a Bitcoin reserve strategy.

According to on-chain analyst @ai_9684xtpa, a trader spent 0.2 ETH ($436) on the Ethereum mainnet to buy 77,000 DOT using Uniswap and sold it on a CEX for $10,042.Subsequently, they used the same method to spend a total of 1.1 ETH to buy DOT, attempting various cross-chain methods while buying low and selling high in different liquidity pools. Ultimately, they successfully crossed from the ETH mainnet to the Base network via Hyperbridge, selling 503,000 DOT for 68.72 ETH in one transaction, making a profit of $150,000.

The latest research from blockchain data firm Glassnode shows that Hyperliquid's 24 validation nodes are concentrated in the Amazon Web Services (AWS) Tokyo region, giving traders near Tokyo a significant latency advantage.Tokyo users can reach the validation nodes in just 2 to 3 milliseconds, while European users experience delays of over 200 milliseconds. Using AWS Tokyo as a benchmark, the median round-trip time for orders is about 884 milliseconds; from Virginia, USA, it takes about 1,079 milliseconds, a difference of about 200 milliseconds.In a time-sequenced matching mechanism, geographic location directly determines queue priority, affecting price spreads and transaction probabilities. Major exchanges like Binance and KuCoin also deploy their core infrastructure in the same AWS region, making Tokyo the de facto hub for crypto trading in Asia. The research points out that, unlike traditional financial markets, decentralized finance currently lacks corresponding mechanisms to balance geographic advantages, and a latency arms race is quietly taking shape.

Web3 asset data platform RootData today released the third edition of the "Cryptocurrency Exchange Transparency Rankings (Stock Category)." This edition has undergone significant upgrades in its algorithm, incorporating market makers and traffic weight into the trading volume activity scoring system for the first time. Through a tiered coefficient calculation, it further eliminates discrepancies, enhancing the authenticity and reference value of the rankings.The biggest change in this edition is the official entry of OKX. Since supporting stock trading on February 25, OKX has performed strongly in this data backtest, ranking second on the list, thanks to its compliance licenses from multiple regions, including Singapore's MAS and the U.S. FinCEN.In a market environment where overall user activity is shrinking, Gate has become one of the few exchanges to achieve counter-trend growth in traffic this week. Its visits increased from 3.4M to 4.1M, coupled with a stable reserve of over 110 stock assets, further consolidating its leading position in the niche market.Additionally, while OrangeX maintained its sixth position, its traffic plummeted by over 60% (from 2.4M to 1M), facing severe pressure from existing user loss; XT.com, on the other hand, has seen its score decline for three consecutive weeks due to a lack of compliance licenses, with a trend of increasing marginalization becoming more evident.RootData adheres to the principle of "transparency first," providing investors with more effective data references through a dual evaluation system of "transparency + liquidity." In the future, RootData will continue to optimize data interfaces, assisting more platforms in addressing information disclosure shortcomings, and providing investors with more credible reference dimensions.

According to the recent "2025 Cryptocurrency Quantitative Strategy Index Report" released by 1Token, Bybit Institutional has demonstrated significant structural advantages in cryptocurrency quantitative strategies, particularly excelling in the Delta neutral and USD neutral strategy categories.The report analyzes data from over 50 strategies managed by 25 professional trading teams, focusing on the three mainstream investment strategies in quantitative trading and the performance of various institutional strategies. In the face of macro volatility and liquidity pressures in 2025, Bybit Institutional showcased exceptional resilience, delivering results that exceeded expectations. Notably, Bybit exhibited a sustained competitive advantage in key metrics:Delta neutral strategy: Bybit achieved a return of 9.48% among major exchanges while maintaining the lowest maximum drawdown and volatility.USD neutral strategy: Delivered a return of 66.69%, significantly surpassing the industry benchmark.Bybit Institutional's strong performance in 2025 is attributed to its deep liquidity, efficient execution capabilities, and robust infrastructure support, with liquidity depth and execution quality playing a crucial role in determining the performance of decisive strategies.

According to CoinDesk, Circle's stock price has recently outperformed other crypto-related companies significantly. William Blair analysts believe this reflects not only macro factors but also the resilience of USDC's market share and Circle's leading position in stablecoin infrastructure.Analysts pointed out that since the low point in early February this year, Circle's stock price has risen by about 126%, indicating that the market is beginning to recognize the potential of stablecoins as a core layer of global payment infrastructure. USDC may become one of the few dominant standards for cross-border payments, benefiting from its liquidity, first-mover advantage, and cross-chain integration capabilities.At the same time, the growth of Circle's payment and infrastructure ecosystem activities also indicates that a settlement market based on stablecoins is gradually forming. William Blair maintains an outperform rating on Circle's stock, believing that the recent rebound highlights investors' confidence in the company's core business model and technological barriers.

Gate Research Institute released a report titled "TradFi Asset Perpetualization: The Systematic Overlay Advantages of Gate Macro Perpetual Contracts," which points out that against the backdrop of intensified macro volatility and enhanced cross-market linkage in 2026, the demand from crypto traders for macro risk tools that are priced in stablecoins, composable, and executable 24/7 has significantly increased. Therefore, Gate has split macro trading into two complementary paths: on one hand, providing a professional trading entry closer to traditional market rules through Gate TradFi (MT5+CFD); on the other hand, launching macro perpetual contracts settled in USDT, allowing macro assets such as stocks, metals, indices, foreign exchange, and commodities to be directly included in a unified margin and risk control system of the contract account.The report shows that Gate has covered hundreds of macro perpetual assets across five categories: stocks, metals, indices, foreign exchange, and commodities. At the mechanism level, the platform handles pricing continuity during market closures through the Price-Hold mechanism and supports parallel long and short positions in the same market under a split account model, as well as mixed positions of full and isolated margin and independent leverage configuration for isolated long and short positions, thereby enhancing the executability of hedging, event-driven rebalancing, and strategy reuse.

Due to the全面升级 of the US-Iran conflict, on-chain gold prices represented by PAXG and XAUT have surged dramatically. Among them, PAXG reached a high of $5,600, with a daily trading volume exceeding $1 billion, fully reflecting investors' demand for gold trading during black swan events. In contrast, the gold market under the traditional financial system remains closed.