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Fidelity Digital Assets recently released a research report that positively addresses concerns about the long-term impact of Bitcoin halving on network security. The report's author, Fidelity research analyst Daniel Gray, pointed out that Bitcoin network security relies not only on block rewards but also on transaction fees, market incentives, and other economic forces that continuously motivate miners to maintain network security, making the cost of sustained attacks prohibitively high.On the data front, Gray noted that despite the ongoing reduction in block subsidies, the rise in Bitcoin prices has significantly offset this impact. The average daily income of miners has increased from about $26,300 during the first halving cycle to over $40,200 today. He wrote, "Despite the decrease in issuance, miner incentives and the resulting network security have historically strengthened alongside the rise in Bitcoin prices."Since the fourth halving in April 2024, the block subsidy for miners has decreased from 6.25 to 3.125 Bitcoins per block. However, the optimistic conclusions of the report starkly contrast with the current realities faced by publicly traded mining companies. Several industry analysts describe the current environment as one of the most challenging for mining on record, due to the simultaneous decline in block rewards, rising operational costs, and increased competition.In response, several mining companies have begun to transition to the AI and high-performance computing sectors, leveraging existing power infrastructure to meet AI computing demands. VanEck estimates that publicly listed mining companies may need to raise up to $50 billion in additional funds to fully transition to AI infrastructure, but the requirements for AI data centers regarding facility standards, cooling, power redundancy, and networking are far higher than those of traditional Bitcoin mining operations, making the transition challenges significant.

In response to Radha Stirling's claims about multiple Dubai crypto figures being abused in UAE detention centers, on-chain investigator ZachXBT stated that the individuals referred to as "crypto entrepreneurs" are actually threat actors suspected of involvement in high-impact social engineering crypto scams and data extortion. Law enforcement has seized $18.9 million in stolen funds.

According to BusinessInsider, billionaire investor and hedge fund founder of Third Point, Dan Loeb, stated in a podcast that current market concerns about the "bubble theory" of artificial intelligence (AI) are greatly exaggerated, and the development stage of the AI industry is completely different from that of the internet bubble period.Loeb pointed out that technology giants, including Alphabet, Microsoft, Amazon, and Meta, have collectively exceeded $700 billion in capital expenditures this year, which may reach $1 trillion next year, with the vast majority allocated for AI infrastructure development. He stated that to believe these capital expenditures will not yield returns is equivalent to thinking that companies are "burning money for no reason," but currently, these companies have strong profitability and ample cash flow, allowing them to support investments with their own balance sheets.Loeb emphasized that this is different from the situation during the internet bubble when "valuations detached from fundamentals," and does not constitute a traditional valuation bubble. He also mentioned that AI companies like Anthropic are experiencing rapid revenue growth and accelerated product applications, indicating that the industry is still in the early stages of expansion.Reports indicate that Anthropic's latest financing valuation is nearing $965 billion, with annualized revenue jumping from $14 billion to $47 billion, further strengthening market confidence in the commercialization potential of AI.However, there are still some investors in the market, including Michael Burry, who express concerns about the overheated valuations of AI, believing that massive investments may struggle to yield corresponding returns. Loeb, on the other hand, stated, "We haven't even scratched the surface of AI development," and believes that we are still in the early stages of long-term growth.

According to Decrypt, the Digital Chamber has written to OCC Director Jonathan Gould, urging him to stick to the decision to grant national trust bank charters to crypto companies like Coinbase, Ripple, and Circle.Previously, Senator Elizabeth Warren accused the approval of these charters of violating the National Bank Act and posing a threat to the safety of the U.S. banking system. The Digital Chamber countered that Congress has effectively authorized the OCC to extend bank charters to stablecoin businesses through the GENIUS Act, and that the approved companies do not accept FDIC-insured deposits, thus not constituting traditional banking operations.

According to a source cited by the Iranian Tasnim News Agency, Foreign Minister Amir-Abdollahian and Speaker of Parliament Ghalibaf have not left Iran. Both senior officials are currently in Tehran, actively fulfilling their national duties against the backdrop of the evolving regional situation. The source stated, "The reports from some media claiming that the Iranian negotiation team has arrived in Islamabad to negotiate with the Americans are completely false."He emphasized, "As long as the United States does not fulfill its commitment to ceasefire in Lebanon, and the Zionist regime continues to launch attacks, negotiations will remain stalled." Previously, The Wall Street Journal claimed that the Iranian delegation arrived in Islamabad on Thursday evening.

Economist and cryptocurrency critic Peter Schiff called for selling Bitcoin, while Strategy founder Michael Saylor refuted this.Peter Schiff stated earlier that over the past five years, the price of Bitcoin has only increased by 12%. During the same period, the Nasdaq rose by 57.4%, the S&P 500 rose by 59.4%, gold rose by 163%, and silver rose by 181%. If Bitcoin's appeal lies in its superior long-term performance, why do people still hold onto it?Michael Saylor replied that the time frame is crucial. Since August 2020, Bitcoin has been the best-performing mainstream asset, and the advantage is very clear. If the time span is extended, this gap will only widen.

In response to former UK Prime Minister Boris Johnson's claim that Bitcoin is a huge Ponzi scheme, Eric Trump, the son of Trump, commented that he totally disagrees with this view.

The discussion surrounding the U.S. "CLARITY Act" has sparked a public debate between the banking industry and White House cryptocurrency policy officials. Christopher Williston VI, president of the Texas Independent Bankers Association, publicly stated on the X platform that compromising on this act would harm local lending and economic productivity, and he asserted that there would be no concessions on liquidity issues that support the local economy.In response, Patrick Witt, executive director of the White House Digital Asset Advisory Committee, stated that refusing to compromise on the "CLARITY Act" means there would be no restrictions on providing stablecoin rewards to intermediaries. According to the banking industry's claims about "deposit outflows," this situation could lead to catastrophic consequences, and this logic "is like watching an arsonist threaten to burn down their own house."

Regarding Ethereum co-founder Vitalik's call for more and better DAOs, DeFi researcher Ignas published a rebuttal on the X platform, stating that DAOs are typically operated by three groups: core teams or foundations, professional delegated representatives, and whales. The existence of professional delegated representatives is due to the fact that most token holders neglect governance, with 95% of votes being related to technical upgrades, and someone needs to be compensated to pay attention to these matters.This tripartite alliance has flaws and systemic risks, such as the incident where COMP tokens worth $24 million were "legally" voted by the community to be transferred from the Compound treasury to a strange and unmonitorable multi-signature address in 2024, triggering a DAO governance attack. In theory, as long as the project founders decide to care about the DAO, everything is feasible, but many people simply do not care.

In response to the rumors circulating in the community that "Binance founder CZ is dating actress Sydney Sweeney," Zhao Changpeng CZ denied it on the X platform, stating that he does not often participate in social activities and has "never met Sydney Sweeney."CZ also mentioned that it is becoming increasingly difficult to discern which "news" is not worth believing, but if one can achieve this, "you will be richer."

Eric Trump, the second son of U.S. President Donald Trump, responded on social media to "Eric Trump believes Ethereum will break $8000 in the next 38 days" by stating, "Stop spreading these fake news, I certainly hope to see that happen, but I never said that."

Robert Kiyosaki, the author of "Rich Dad Poor Dad," posted on the X platform to debunk rumors, stating that he discovered media platforms releasing false videos, in which a deepfake impersonating him claimed that gold would plummet 50% in December. Robert Kiyosaki clarified that he has never made such statements and reminded the community to be wary of false information. He has previously stated multiple times that he holds gold, silver, Bitcoin, and Ethereum, due to his distrust of the Federal Reserve, the U.S. Treasury, and the Wall Street system, referring to gold and silver as "God's money," while Bitcoin and Ethereum are termed "people's money."

According to The Block, Bitwise Chief Investment Officer Matt Hougan has rebutted concerns in the market about Bitcoin potentially entering a bear market. He stated that the value of Bitcoin lies in its role as a digital wealth storage "service," without relying on governments, banks, or other third parties.Hougan believes that despite the recent market pullback, the demand from institutions for this service continues to grow, supporting the long-term development trajectory of Bitcoin.

ChainCatcher news, Kraken co-CEO Dave Ripley responded to American Bankers Association Senior Vice President Brooke Ybarra's remarks about "stablecoin yields harming banks' ability," stating that consumers should have the freedom to choose where to hold their assets and earn yields, rather than being forced to earn interest through banks.Ripley criticized banks for charging fees on customer assets for a long time without sharing the profits, and claimed that the crypto industry is building a fairer financial system. Blockchain Association executive Dan Spuller also stated that traditional banks are trying to hinder the development of competitors like Coinbase and Kraken.

ChainCatcher News: Japanese Prime Minister Shigeru Ishiba stated to the media today (July 23) that reports from Japanese media about his resignation are "completely unfounded."Ishiba mentioned that he has just concluded meetings with senior LDP advisor Taro Aso, former Prime Minister Yoshihide Suga, and Fumio Kishida, and that the "issue of resignation was not discussed." Reports regarding his intention to resign are entirely untrue.Ishiba reiterated that he will remain in office and continue to govern. U.S. financial media analyst Justin Low commented that Ishiba has not formally acknowledged his defeat, but it seems that his fate is already sealed. The ruling Liberal Democratic Party of Japan will hold an internal meeting on July 31, which is expected to be Ishiba's last straw. The sentiment in Japan's asset markets is clearly mixed, with the stock market rising, bond markets selling off, and the yen fluctuating as it attempts to balance the impacts of trade news and political uncertainty. (Jin Shi)

ChainCatcher news, in response to media reports that xAI is seeking funding with a valuation of up to $200 billion, Musk posted on the X platform stating: "These rumors are false. xAI is not currently seeking funding; we are well-funded."

ChainCatcher news, according to Caixin, in response to OpenAI's urgent rebuttal stating that it has not authorized Robinhood and that the so-called "OpenAI tokens" are not equity in OpenAI, a Robinhood spokesperson stated that OpenAI tokens will provide investors with an indirect opportunity to invest in OpenAI through Robinhood's ownership in the SPV. This means that Robinhood does not directly hold shares in OpenAI, but only holds them indirectly through a certain SPV, and then links the price of the OpenAI tokens to the value of the OpenAI shares held by that SPV.

ChainCatcher news, reported from Abu Dhabi, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement denying false reports regarding the issuance of golden visas to cryptocurrency investors in the UAE.ICP clarified that the golden visa does not include cryptocurrency investors but is applicable to eligible categories such as real estate investors and entrepreneurs. SCA emphasized its commitment to regulating the financial industry and securities services, while VARA denied claims about issuing golden visas to virtual asset investors in Dubai and warned investors to obtain information from reliable official sources to avoid misinformation or fraud.The three regulatory authorities jointly urged the public and investors to act with caution and refer to government official websites and approved communication channels for accurate information.

ChainCatcher news, according to an official statement from OpenAI, denies authorizing Robinhood to launch related tokenized stocks. The so-called "OpenAI token" is not company equity, and there is no established partnership or endorsement of related projects with Robinhood. OpenAI emphasizes that any transfer involving company equity must receive official approval, and currently, the company has not approved any such transactions, urging the public to remain vigilant.Previously, Robinhood announced that Robinhood EU launched the world's first tokenized stocks of private companies, including tokens for OpenAI and SpaceX. Robinhood EU is giving away the first batch of private company stock tokens for OpenAI and SpaceX for free. If you are a Robinhood EU user and meet the eligibility criteria, you can claim the tokens within the app.

ChainCatcher news, according to Jinshi Data reports, Trump stated on his social media platform "Truth Social" that "fake news CNN and the failing New York Times are colluding to downplay one of the most successful military strikes in history. Iran's nuclear facilities have been completely destroyed! Both the New York Times and CNN have been criticized by the public!"Earlier reports revealed by U.S. media indicated that the White House and the Department of Defense strongly refuted claims that the U.S. failed to destroy Iran's nuclear facilities. White House Press Secretary Karine Jean-Pierre stated on social platform X that the report was leaked by an anonymous intelligence official, and said, "When fourteen thirty-thousand-pound bombs hit their targets with precision, there is only one result—complete destruction." U.S. Secretary of Defense Lloyd Austin stated, "Based on the information we have, our bombing operations destroyed Iran's capability to produce nuclear weapons." Trump retweeted Austin's relevant remarks on his social platform.