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According to "AI Technology Review," China's leading large model company Zhipu has invested hundreds of millions of yuan to acquire the AI heterogeneous computing power software infrastructure company Zhongke Jiahe. This move aims to completely address Zhipu's shortcomings in the underlying engineering and compiler capabilities of large models, in response to the structural shortage of computing power and high-concurrency inference challenges caused by a surge in user numbers.Zhongke Jiahe's technology originates from the Compiler Laboratory of the Institute of Computing Technology, Chinese Academy of Sciences, founded by Dr. Cui Huimin. Its core team has been deeply involved in the development of compilers for several domestic chips, including Loongson, Sunway, Cambricon, and Huawei Ascend. Zhongke Jiahe's core advantage lies in its virtual instruction set technology, which can unify different brands and models of chip ecosystems through middleware software, assembling scattered domestic chips into a unified ultra-large-scale cluster, thereby significantly improving overall computing power utilization; its SigInfer inference engine is claimed by the official source to reduce the inference latency of large models by up to 74 times.Recently, Zhipu's Coding Agent business has experienced explosive growth. The newly released GLM-5.2 large model saw a 27-fold increase in daily Token call volume during its first week on the aggregation platform, leading to the exposure of systemic engineering bottlenecks in its inference infrastructure under high concurrency and long context scenarios. After being placed on the U.S. Entity List, Zhipu has actively promoted domestic alternatives and has now completed inference adaptation for eight major domestic computing power platforms, including Huawei Ascend, PingTouGe, and Moore Threads. The acquisition of Zhongke Jiahe will not only directly improve Zhipu's unit Token inference cost and output quality but also provide core underlying compiler technology support for its previously rumored self-developed custom AI inference chip plan.

Tom Lee posted on platform X, expressing his happiness to see the Ethereum Foundation carefully addressing key issues regarding the critical role of neutral blockchains like Ethereum in financial infrastructure, economics, and government and policy markets.

Bitcoin further declined towards $62,000 on Tuesday, continuing its weak fluctuations under the pressure of six consecutive weeks of outflows from spot ETFs, a shift in macro interest rate expectations towards hawkishness, and the expiration pressure of quarterly options. Ethereum also fell below $1,700 on the same day, with both BTC and ETH retreating nearly 20% over the past 30 days. This week's market pressure mainly comes from two clues. One is that the Federal Reserve maintained interest rates at 3.5% to 3.75% during the FOMC meeting on June 18, but the statement significantly reduced easing language, and the dot plot shifted from previously suggesting rate cuts to indicating rate hikes. Among the 18 officials, 9 have already predicted at least one rate hike this year, and the probability of a rate hike in December has significantly increased compared to a month ago. The second is that geopolitical risks have once again disturbed the market. Previously, expectations of a ceasefire between the U.S. and Iran had pushed Bitcoin above $67,000, but during the signing ceremony on June 19, the situation broke down, and Iran withdrew from negotiations. Due to the 24/7 trading in the crypto market, Bitcoin was the first to reflect this shock. In addition, Deribit will face the expiration of approximately $10.6 billion in options on June 26, which has also intensified the market's wait-and-see sentiment at the end of the quarter. Analysts believe that current leverage has been largely cleared, and market positions are defensive, but the next direction still depends on Thursday's PCE inflation data and whether the capital flow of spot ETFs can turn positive again.

According to a report by Cai Lian She, AI company MiniMax (0100.HK) will see the first batch of shares unlocked after its Hong Kong stock listing on July 9, 2026. Before this date, its two core strategic investors, Alibaba and miHoYo, have both expressed their long-term optimism about the general artificial intelligence industry and MiniMax's development prospects, stating they will continue to accompany the company's growth and deepen ecological collaboration in areas such as cloud computing and enterprise services.It is reported that the founding team of MiniMax had previously voluntarily set a lock-up period of 12 months, so this first batch of unlocks does not involve the founding team or employee stock holdings. Public information shows that MiniMax was listed on the Hong Kong Stock Exchange in January this year, with a global user base of approximately 300 million and over 1 million enterprise and developer clients. The company released its new generation flagship model M3 this month and officially launched the IPO counseling process for the A-share Sci-Tech Innovation Board in May.

Members of the management team of the Ethereum Foundation (EF) and CSA Operator Aerugo published a systematic explanation of EF's mission. Aerugo stated that EF's core mission is to ensure that Ethereum becomes and continues to be a truly permissionless sovereign infrastructure: censorship-resistant, capture-resistant, open-source, private, and secure, capable of supporting large-scale trustless coordination.He emphasized that EF's focus is on eliminating extraction and capture risks that may arise at the protocol layer of Ethereum, particularly the two core challenges of MEV (Maximum Extractable Value) issues and the lack of default privacy. Aerugo described MEV as "the main battleground of the next cypherpunk war," and pointed out that "a public ledger without serious default privacy is a monitoring infrastructure with settlement guarantees."In addition, EF will move some of its work out of the foundation through spin-offs in the future, but will maintain strict standards for external funding. The recent departure of some personnel is part of normal organizational adjustments, and EF will handle it in a dignified manner without making personnel issues public.

According to The Block, a research paper released by IC3, composed of researchers from top universities such as Cornell, Carnegie Mellon, Princeton, Yale, and ETH Zurich, points out that the role of cryptocurrency in addressing the main challenges in the AI field is severely overestimated.The paper clarifies three major misconceptions: providing AI agents with wallets does not make them truly "autonomous," but only enables automated trading; blockchain is suitable for timestamping records but cannot effectively distinguish between AI-generated content and human content; decentralization cannot fundamentally solve the problem of bias in AI algorithms.IC3 believes that while cryptocurrency can provide some infrastructure support for AI, its practicality in areas such as trust, payment, and content verification is limited.

According to the "Financial Stability Review" published by the Central Bank of Russia, Russian private investors currently hold approximately 3.8 billion rubles in cryptocurrency-linked financial instruments, which is nearly unchanged from 3.7 billion rubles six months ago, indicating a stagnation in market interest. Among them, 1.7 billion rubles have flowed into crypto-linked corporate bonds, with 5,600 investors holding a total of 1.7 billion rubles in crypto futures positions, and about 3,800 people investing 354 million rubles in digital financial assets linked to Bitcoin and Ethereum. The main issuers are large banks such as Sber and VTB.At the same time, the Moscow Exchange has successively launched Bitcoin and Ethereum futures and related ETFs, and will add Solana, Ripple, and Tron futures varieties in May 2026.

Bitcoin weakened again after the U.S. stock market opened on Wednesday, briefly rising to about $77,678 before retreating, continuing the structural trend of "strong during Asian hours, weak during U.S. hours" observed this week. The market is focused on the upcoming Nvidia earnings report, which is seen by several institutions as one of the key macro volatility triggers for this quarter.As a result, pre-market sentiment in the U.S. stock market was cautious, with the S&P 500 dropping about 1.3% at one point before rebounding slightly, but overall risk appetite remains weak. In terms of on-chain and spot structure, the Coinbase Premium index has fallen to a multi-month low, indicating that buying interest in the U.S. market continues to be weak. This indicator has remained negative recently, reflecting insufficient spot demand in the U.S. region, even though BTC prices are still high, marginal buying has not increased correspondingly.From a technical perspective, Bitcoin has once again fallen below the 21-week exponential moving average (21W EMA). Analysts point out that this level may turn from support to resistance, and if it cannot regain this level, it will increase the risk of short-term fluctuations and pullbacks. Overall, the market has entered a wait-and-see mode amid significant tech earnings and macro uncertainty.

According to a message posted by Aave founder Stani Kulechov on X, Aave V4 is being gradually launched in phases, introducing a brand new dual-layer isolation market architecture. This architecture separates collateral into independent Hubs, with each Hub further divided into Spokes, implementing selective cap control for liquidity sharing between the Spokes within each Hub.The initial market structure is organized around three Hubs: Prime, Core, and Plus, with more Hubs expected to be launched in subsequent phases. This architecture achieves more refined collateral isolation and liquidity supply management compared to Aave's previous market design. The phased launch allows Aave to progressively deploy V4 while continuously monitoring performance and risk parameters under the new market structure before a full launch.

Polymarket announced the latest developments and feature updates, including the launch of measures to mitigate latency spam to ensure order placement and cancellation operations, fixing the "insufficient balance/authorization" error, and another core issue affecting limit buy orders is expected to be resolved in the coming days.In addition, Polymarket stated that it has identified and banned multiple clusters of ghost-fill accounts, which were all created before the deposit wallet system went live. Currently, any occurrence of ghost-fill behavior will be identified and banned, and the deposit wallet system will also prevent the continued bulk creation of new accounts. More updates will be released in the coming week to address previously outstanding issues.

In February this year, several Chinese citizens were raided by the police at a rented villa in Country Heights, Kajang, Malaysia. The police claimed to suspect that the Chinese citizens were involved in fraud, and subsequently, the Chinese citizens were forced to transfer about $50,000 (approximately 200,000 ringgit) in USDT. The police later arrested 12 officers involved in the case and removed them from frontline duties, but the investigation still awaits technical reports and digital evidence results, and there has been no breakthrough to date.Lawyer Charles, representing eight Chinese victims, stated that the investigation is progressing too slowly. Since the arrest of the 12 involved police officers, there has been no further information, raising suspicions of internal interference attempting to suppress the case. He warned that if there is internal protection, he will file a complaint with the Malaysian Anti-Corruption Commission.

According to The Block, Bitcoin has broken through the $80,000 mark, rising approximately 2.6% in 24 hours to $80,150, driving the overall strength of the cryptocurrency market, with ETH up 3.6% and XRP up 2%.Nick Ruck, a director at LVRG Research, stated that this breakthrough has broken through the key resistance zone that suppressed prices over the weekend, with short-term momentum clearly strengthening; Zeus Research analyst Dominick John pointed out that the upward trend is accompanied by technical short squeezes.In terms of capital flow, the U.S. Bitcoin spot ETF has seen net inflows for the fifth consecutive week, attracting about $154 million last week, indicating that institutional allocation demand continues to strengthen. Analysts believe that if the trend of capital inflows continues and is compounded by macro uncertainty factors, Bitcoin may maintain strong fluctuations in the short term, with the market focusing on the impact of subsequent economic data and changes in risk sentiment on the trend.

The decentralized oracle service provider RedStone has officially launched the settlement layer product RedStone Settle for decentralized finance, aimed at addressing the structural barriers faced when tokenized real-world assets (RWA) are used as collateral in lending protocols.The core mechanism of this product is on-chain auctions: when a lending protocol triggers a liquidation event, liquidity providers can immediately step in to purchase the relevant positions, providing instant liquidity to the protocol while assuming the risk of delayed redemption of the underlying assets. This move aims to bridge the mismatch between the nearly instant liquidation required by DeFi platforms (such as Aave) and the typical redemption periods of 60 to 180 days for RWAs (including tokenized funds and bonds).RedStone stated that this solution is expected to activate the currently idle tokenized RWAs in DeFi, which exceed $30 billion, and enable users to borrow more efficiently using interest-bearing positions. According to data from RWA.xyz, excluding stablecoins, the current market size of tokenized RWAs has surpassed $30 billion, primarily dominated by exposure to U.S. Treasury bonds and private credit products.

Gate is hosting an F1 Red Bull Racing car display parade in Hong Kong, with the display cars appearing around Victoria Harbour and proceeding along a designated route, attracting market and public attention.This parade serves as an important offline action in the cross-industry collaboration between Gate and the F1 Red Bull Racing team, bringing top-tier racing culture into urban landmark scenes, enhancing brand exposure and discussion.From April 18 to 24, Gate will also launch the "Racing the Future" outdoor cross-industry exhibition at the K11 MUSEA waterfront promenade in Hong Kong, which will focus on showcasing Red Bull Racing cars and related equipment, as well as setting up interactive experience areas.As the official sponsor of the F1 Red Bull Racing team, this exhibition will be the first to showcase the brand new 2026 Red Bull Racing car and core equipment, introducing an immersive interactive experience area that recreates the fusion of top racing engineering and the aesthetics of speed.In addition, Gate will hold the "Gate 13 Blue Carpet Ceremony" on April 20, where the unveiling of the F1 Red Bull Racing display car and brand collaboration will take place. That evening, Gate will also host a high-end anniversary dinner event at the Rosewood Hong Kong, where platform founder and CEO Dr. Han will be present, and it is expected that over 300 representatives from top industry institutions and partners will be invited to participate in the exchange.

According to The Block, after the rebound driven by the ceasefire in the Middle East faded, Bitcoin hovered around $71,000, while Ethereum was around $2,190, and the overall cryptocurrency market weakened simultaneously. Analysts pointed out that the breakdown of US-Iran negotiations and the escalation of tensions around the Strait of Hormuz have caused the market to revert to the macro trading logic of "rising oil prices - increasing inflation expectations - declining risk appetite."Institutions believe that Bitcoin faces significant resistance around $74,000, compounded by crude oil returning above $100, putting pressure on capital risk appetite. However, most opinions suggest that the current pullback has not yet evolved into panic selling. Data shows that last week, the spot Bitcoin ETF still recorded nearly $1 billion in net inflows, and the scale of forced liquidations was significantly lower than the levels in the first quarter, indicating that the market's ability to absorb shocks has improved.Structurally, there is still strong selling pressure in the $70,000 to $80,000 range, with about 13.5 million addresses in a state of unrealized losses, limiting upside potential. At the same time, the scale of open futures contracts has decreased by more than 50% from the peak in 2025, showing that the previous excessive leverage has been somewhat cleared, and the market structure is becoming healthier. Bitcoin currently resembles a macro asset rather than an independent market, with its movements still highly dependent on inflation and liquidity conditions. In the context of rising inflation in the US and cautious monetary policy, Bitcoin may maintain a volatile pattern in the short term.

DeFi project Steakhouse Financial disclosed yesterday that it encountered a phone social engineering attack targeting OVH Cloud, where the attacker changed the DNS A records of the main site and app subdomains to point to a malicious IP, and attempted to initiate a 5-day domain transfer. The related changes have been revoked, the DNS records have been cleared, and they are working with OVH to resolve the issue. All vaults and contracts were unaffected, depositor funds are safe, and no other service accounts were compromised. Please do not interact with the official website and emails until the issue is resolved; a detailed post-incident report will be released as soon as possible.Early this morning, Steakhouse Financial stated that during the period when the official website domain DNS records were cleared, the vault could still be accessed directly through Morpho, and all functions such as deposits and withdrawals were operating normally. Confirmation will be provided once the front end is restored.

According to the Financial Times, despite U.S. President Trump threatening to seize Iran's oil production rights, he simultaneously emphasized that indirect negotiations with Iran are underway through a "special envoy" from Pakistan, and progress is being made. When asked whether a ceasefire agreement could be reached in the coming days and whether the Strait of Hormuz could be reopened, Trump declined to provide specific details.He stated, "We have about 3,000 targets left to bomb—13,000 targets have already been bombed—there are several thousand more targets to execute. An agreement is expected to be reached soon."Last week, Trump claimed that Iran had allowed 10 oil tankers flying the Pakistani flag to pass through the Strait of Hormuz, describing this move as "a gift to the White House." He stated that this number has now increased to 20 tankers, and the first batch has set sail, "sailing right through the center of the strait." He also mentioned that Iranian Parliament Speaker Ghalibaf had personally authorized the passage of these tankers.

According to Bitcoin Laws disclosed on the X platform, the "Bitcoin Reserve Act" HB1695 in the Tennessee House of Representatives has been "put behind the budget," which means the bill has been "softly shelved" due to its later scheduling in the legislative agenda.The corresponding Senate bill (No. 2639) is still progressing.

This week, a compromise proposal regarding the yield section of the Clarity Act by U.S. Senators has sparked mixed reactions within the crypto industry. Coinbase has expressed dissatisfaction with the latest compromise text to the senator's staff but has not publicly stated opposition.The proposal was presented to stakeholders in the crypto industry on Monday, with some expressing dissatisfaction while others felt the outcome was better than expected. The proposal will instruct certain regulatory agencies to formulate rules to clarify the regulatory approach to yield-generating activities, but there are concerns that regulators may set subjective standards. Additionally, the text may limit companies' ability to tie rewards to the scale of stablecoin transactions.During this week's industry conference call, Coinbase had disagreements with other parties, with some companies believing that giving up certain stablecoin rewards is too costly, while others felt that losing the Clarity Act poses a greater risk to the overall legislative framework for the crypto industry. Previously, news related to this compromise proposal had impacted the market, with Circle's stock price dropping 20% on Tuesday and slightly rebounding on Wednesday.White House crypto advisor Patrick Witt criticized the related predictions on the X platform as "uninformed" and stated that "everything will be resolved." The final text is expected to be released this weekend or early next week.

According to Jinshi reports, Federal Reserve Governor Mian stated that the current policy of the Federal Reserve is incorrectly suppressing economic growth.