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According to reports from Jiemian News, Kingsoft Cloud will accelerate the construction of GPU computing clusters in the second half of the year to meet the explosive growth in computing power demand from major clients. Among them, Xiaomi's demand for Kingsoft Cloud's GPU computing power has upgraded from a ten-thousand-card cluster, with the related budget significantly increasing from nearly 4 billion yuan to over 10 billion yuan. In addition, Alibaba's large model team has signed a 5-year computing power leasing contract with Kingsoft Cloud, involving more than 3,000 eight-card GPU servers. Based on the contracted price, the annualized revenue after full delivery will exceed 4 billion yuan.To meet the surging customer demand, Kingsoft Cloud's capital expenditure plan for 2026 has been raised to 15 billion yuan, with an annual revenue target of 12.5 billion to 13.5 billion yuan. It is reported that due to tight upstream supply, Kingsoft Cloud is currently only accepting long-term contracts from clients for 3 to 5 years, and some orders are facing delivery delays. Due to concerns about the risk of impairment of high-level card assets, Kingsoft Cloud is currently pausing aggressive hardware expansion, anticipating that the prices of computing hardware may reach a turning point for decline in the third quarter of this year.

According to Greeks.live, options delivery data shows that 31,000 BTC options are expiring, with a Put Call Ratio of 0.7, a maximum pain point of $61,000, and a nominal value of $1.9 billion. 135,000 ETH options are expiring, with a Put Call Ratio of 1.29, a maximum pain point of $1,650, and a nominal value of $230 million.Analysis indicates that Bitcoin has once again reclaimed the key integer level of $60,000 this week, but the long-term downtrend has not yet ended. The selling pressure from MicroStrategy and ETFs has completely changed market consensus, with the largest buyers becoming sellers, which is a signal of accelerated decline in any market's transition from bull to bear. From the main options data, over 8% of options are expiring this week, with BTC GEX distribution concentrated at $60,000 and ETH GEX distribution concentrated at $1,700. This week, the Put Call Ratio for ETH reached 1.29, with a high proportion of put options, indicating strong market demand for hedging and significant concerns about further declines.Recently, market hotspots have focused on U.S. stocks, while the cryptocurrency sector's hotspots are in the tokenization of U.S. stocks. The renewed interest in AI and semiconductors taking time to transmit to the crypto space suggests that the crypto market outlook for Q3 is not optimistic.

CME Group announced that its average daily trading volume (ADV) in June reached a new record of 30.6 million contracts, a year-on-year increase of 19%; the trading volume in the second quarter reached 29.8 million contracts, marking the second highest in history.In terms of cryptocurrency, the CME's average daily trading volume for cryptocurrency futures contracts in June increased by 76% year-on-year, reaching 334,000 contracts, with a nominal value of approximately $10.7 billion. Among these, the average daily trading volume of micro Bitcoin futures contracts grew by 46%, reaching 77,000 contracts. In the second quarter, the average daily trading volume for cryptocurrency futures contracts reached 250,000 contracts, a year-on-year increase of 32%, with a nominal value of approximately $13.7 billion, of which the average daily trading volume of Ethereum futures contracts increased by 10%, reaching 18,000 contracts.

The cryptocurrency exchange SuperEx will launch the BSPUSDT, TTWOUSDT, TXNUSDT, and TERUSDT U-based perpetual contract trading pairs on July 3, 2026, at 03:00 (UTC); the above contract trading pairs support full margin, cross margin, and split margin modes. Users can experience trading through the Web and APP.

According to the official announcement, to meet users' diverse investment needs, Bitget has launched contracts for 7 popular Hong Kong stocks: TENCENT, MEITUAN, NETEASE, XIAOMI, POPMART, SMIC, and GIGADEVICE. The above contracts are all settled in USDT, with a maximum leverage of 20 times.

According to Cointelegraph, French Interior Minister Laurent Nuñez confirmed that there were 77 crypto-related kidnapping extortion cases in France in the first half of 2026, a significant increase from 45 cases in all of 2025. France is one of the largest hotspots for "ransomware attacks" globally, with about 11% of the population holding crypto assets. Authorities have launched a rapid alert system, with 724 people registered, and emergency measures have led to the arrest of 200 individuals. Nuñez pledged to implement a three-part plan to enhance security measures in the crypto industry, including strengthening intelligence sharing, deepening cooperation with ADAN, and improving coordination among security departments. CertiK stated that France has become a center for attacks due to several leading crypto companies and their executives being based locally, the presence of a "show-off culture and voluntary identity disclosure culture" within the community, and multiple sensitive data leaks.

According to CoinDesk, Wall Street investment bank Cantor Fitzgerald has released a report stating that the cryptocurrency market is entering the final stage of the current bear market cycle. Analysts pointed out that as of June 10, Bitcoin has been 252 days since its peak in 2025, with a decline of about 51%. In the previous three market cycles, Bitcoin typically reached its bottom 384 days after peaking; if history repeats itself, this round of decline may bottom out around the end of October. The report cautions that this model is not an accurate timing tool, and macroeconomic, regulatory, and geopolitical risks still exist, but the reflexive nature of the cryptocurrency market suggests that historical cycles may self-reinforce.Cantor suggests that investors shift their focus from speculative activities to networks with the ability to accumulate lasting value, identifying Hyperliquid as a typical case of fee-driven token economics. Bitcoin remains the benchmark currency asset, Ethereum is the dominant collateral layer for on-chain finance, and Solana, Sui, XRP, and Zcash each have differentiated advantages but still need to prove sustainable value. Cantor has also included digital asset treasury companies Forward Industries and Cypherpunk Technologies in its research coverage, giving them a buy rating, with target prices of $7.9 and $0.9, respectively.

According to Jin Shi reports, Russell Investments Senior Investment Strategist BeiChen Lin stated in a report that employment growth in the United States is expected to remain strong in June, which means inflation may continue to dominate the decision-making path of the Federal Reserve. He pointed out that if the labor market remains robust, inflation is likely to be a key factor influencing the Federal Reserve's next actions. Relevant data will be released on Thursday.

Lighter protocol releases token economics update, announcing that all future repurchased LIT will be permanently destroyed to reduce the total supply of LIT, with the first destruction to be executed within a few weeks after the end of Q2. Since the TGE, the protocol has programmatically repurchased approximately 15.5 million LIT using exchange revenue, accounting for about 6.3% of the circulating supply.Regarding staking, previously, staking rewards were supported by pre-TGE revenue, and starting today, they will shift to being supported by the remaining ecological tokens. The target staking yield is an annualized 6%, which, based on the current staking amount of approximately 125 million LIT, will allocate about 7.5 million LIT annually from the remaining 250 million LIT.The protocol states that future treasury management will balance four priorities: rewarding long-term stakers, continuously reducing supply through destruction, reserving tokens for partnerships and growth plans, and maximizing the long-term value for token holders.

According to Jinshi News, the Eastern Alliance Investment Research Institute stated that the Federal Reserve is expected to remain inactive in the upcoming meetings. The agency pointed out that the current monetary policy has basically returned to neutral, and if energy costs rise and transmit to broader prices while economic growth accelerates, the risk of interest rate hikes will increase. Eastern Alliance expects the trend of slowing inflation to resume in 2027, which will allow the Federal Reserve to cut interest rates next year.

According to official news, the BNB Chain ecological autonomous AI economic infrastructure Astarter announced strategic support from institutions such as Vega Ventures, UZ Capital, Go2Mars, and BitBT Ventures, further strengthening the AI ecological layout. Astarter had previously received investment led by EMURGO, with strategic support from other institutions including MH Ventures, Avstar Capital, 316VC, CRT Labs, and Megala Ventures.It is reported that Astarter aims to build a full-stack infrastructure for AI intelligences on the BNB Chain, providing proprietary computing power, runtime execution, on-chain settlement, and identity capabilities for on-chain AI intelligences. The products include AI computing power nodes ABox, a decentralized exchange (DEX), Launchpad, and CORE intelligence layer, with the native token being AST. The Astarter mainnet and TGE are planned to launch in the third quarter of 2026. This strategic cooperation will further promote Astarter's development in computing power networks, products, and ecological aspects.

According to Jinshi reports, a Reuters survey shows that since 2023, for the first time, more economists predict that the Federal Reserve will raise interest rates rather than cut them.

According to Jinshi reports, Federal Reserve's Williams expects the U.S. economic growth rate to be 2.25% in 2028, and the unemployment rate will drop to 4%.

According to Jinshi, Federal Reserve's Goolsbee stated that in a world where the productivity gains brought by artificial intelligence are factored into stock prices and lead people to consume based on that, the economy may experience overheating.

According to Jinshi reports, UBS analysts stated in a research report that the long-term contracts signed by Micron Technology with its customers are solid enough to withstand any market downturns for at least the next few years. Investors may be concerned that these contracts could be shaken if the market slows down, but the minimum price set in the contracts is low enough that it will not be until 2029 at the earliest, and more likely 2030, that there will be enough supply coming online to break the price floor and prompt customers to consider defaulting.UBS analysts indicated that Micron Technology has also received prepaid cash from customers, which could ultimately amount to nearly $40 billion to $50 billion, and if the situation worsens, this could serve as a solid buffer against defaults.

Jiang Zhuoer, the founder of the Liebit mining pool, stated that MicroStrategy's preferred stock STRC has significantly decoupled, dropping to a low of 73, reflecting the panic sentiment in the U.S. stock market towards Bitcoin.He pointed out that MSTR has raised funds through the issuance of common stock for three consecutive weeks, with half of the funds raised in the first two weeks used to purchase 1,500 BTC, while in the third week, the amount of shares sold doubled, but the amount of BTC purchased decreased to 520 BTC, and most of the funds were retained for paying STRC dividends. He believes this is a clear signal of the company's pessimistic attitude towards the subsequent market.Jiang Zhuoer indicated that the amount of BTC purchased by MSTR is expected to decline significantly in the coming months, and it may even stop purchasing BTC altogether, instead using the funds to pay STRC dividends. He also emphasized that STRC is a preferred stock rather than debt, meaning the company only needs to pay dividends without repaying the principal. Currently, MSTR's debt ratio is only about 10%, and unless the Bitcoin bear market lasts for ten years, there is no "explosion" risk for MSTR.

According to Gate market data, the Nasdaq 100 index futures rose to an intraday high after the release of U.S. economic data.

According to Jinshi, European Central Bank Executive Board Member Schnabel stated that the scale and timing of further actions will depend on the Middle East conflict, inflation, and economic conditions.

According to official social media news, former senior economist of the Federal Reserve and professor at Shanghai Jiao Tong University's Shanghai Advanced Institute of Finance, Hu Jie, will be a guest at the Huobi Celebrity Lecture today at 20:00 (UTC+8). This session is themed "From Wall Street to Web3: How Will the New Chairman of the Federal Reserve Reshape Global Financial Markets?" It will provide an in-depth interpretation of the changes in policy paradigms following the new chairman's appointment, the direction of global liquidity, the evolution of the dollar system, and its impact on the Web3 market.As a renowned scholar who has long studied global macroeconomics and financial markets, Professor Hu Jie will analyze the future trends of global capital markets from the dual perspectives of policy formulation and market operation, drawing on his experience at the Federal Reserve, and discuss the new opportunities and challenges faced by the Web3 industry in the context of the accelerated integration of digital assets and traditional finance.

Previously, a certain whale opened a long position of 27.9 million XRP with 20x leverage and held a long position of 809.9 BTC with 20x leverage, with a total position value of about 81 million dollars. Currently, its BTC long position has an unrealized loss of about 2.8 million dollars, with a liquidation price of 56,960 dollars; its XRP long position has an unrealized loss of 1.17 million dollars, with a liquidation price of 0.948 dollars.