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The semiconductor research institution SemiAnalysis has released a latest analysis indicating that Changxin Memory Technologies (CXMT) has clearly become the world's fourth largest DRAM manufacturer. Although its production capacity and cash flow are continuously growing, the institution believes that Changxin Memory still faces multiple challenges in equipment, technology, and market, and will not end the current storage "super cycle" in the short term.In terms of specific challenges, export controls on advanced semiconductor manufacturing equipment (such as EUV, advanced etching, and TSV tools) severely restrict Changxin's expansion into more advanced processes and high bandwidth memory (HBM) fields; although domestic equipment (such as Zhongwei Company, Northern Huachuang, etc.) has alleviated some pressure, it cannot fully resolve the integration and yield bottlenecks across multiple process links, resulting in its technology still lagging behind leading manufacturers by several generations. Additionally, Changxin's market share is currently still highly concentrated in the Chinese domestic market, with global expansion limited by geopolitical factors and customers' willingness to diversify their supply chains.In response to market concerns that Changxin might "impact the global market with cheap chips," SemiAnalysis clarified that there is currently a severe structural shortage in the DRAM market, and the increase in Changxin's production capacity may even struggle to fully meet domestic demand in China. In fact, the prices of Chinese memory chips are also soaring significantly, in line with the global upward trend, and Changxin is similarly a beneficiary of the shortage premium. Therefore, Changxin Memory should be viewed as a long-term structural competitive force, and in the current context of accelerated AI demand and constrained supply, it cannot shake the fundamental super cycle dominated by leading manufacturers in the short term.

Ethlabs published a response on platform X regarding its nonprofit positioning and funding situation, stating that the choice to operate under a nonprofit structure is to focus on the long-term development needs of Ethereum as a "public good" and to maintain the organization's independence and neutrality in research and development.In terms of governance structure, Ethlabs pointed out that its funding comes from large ETH holders and Ethereum ecosystem builders, whose interests are highly aligned with the long-term success of Ethereum, but they will not gain any governance control or participate in roadmap formulation or project prioritization decisions. Ethlabs emphasized that this arrangement is intentionally designed to avoid external funding influencing core directions.At the same time, Ethlabs stated that the future continuous financing mechanism itself is also a form of "accountability mechanism," meaning that only by continuously creating real value for the Ethereum ecosystem can they obtain subsequent funding support, thus forming a long-term feedback loop.Regarding funding, Ethlabs revealed that it is currently in the final stages of financing and has not disclosed specific amounts, but the committed funds already obtained are expected to support an operational cycle of 2 to 3 years and cover the recruitment needs for top talent. Ethlabs emphasized its positioning as a long-term project, not a one-time funding plan.

According to Jinshi, the U.S. Supreme Court declined to review the constitutionality of a now-repealed policy of the U.S. Securities and Exchange Commission (SEC).The policy previously required individuals and companies that reached enforcement settlements with the SEC not to publicly criticize or question the allegations made by this Wall Street regulatory agency. The U.S. Supreme Court justices did not provide any explanation on Monday when they rejected the challenge regarding whether the SEC's so-called "gag order" infringed on individual constitutional rights.

According to official news, USDC issued by Circle will become the first supported stablecoin on the digital asset custody platform of global financial services company BNY, with both parties deepening their cooperation on institutional-grade stablecoin services.BNY clients can now hold USDC in their digital asset custody wallets and instruct Circle to mint USDC from dollars or redeem USDC for dollars, covering the complete lifecycle of institutional stablecoin business.Circle's Chief Business Officer Kash Razzaghi stated that this cooperation is a continuation of the long-term relationship between the two parties, connecting on-chain assets with traditional assets for BNY clients. In the future, both parties plan to expand this capability to more stablecoin issuers and digital cash workflows.

According to a report by Reuters, informed sources revealed that Chinese memory chip manufacturer Changxin Memory Technologies (CXMT) has reached a long-term supply agreement with Tencent worth over 20 billion yuan (approximately 3 billion USD). This agreement mainly covers the supply of DRAM chips for servers over the next 3 to 5 years.The report pointed out that this large-scale cooperation comes as Changxin Memory is preparing for a 29.5 billion yuan IPO on the Shanghai Star Market. It is reported that Changxin Memory is currently negotiating similar collaborations with several other leading Chinese internet companies and is constructing a new DRAM factory in Shanghai. Once the new capacity is fully operational, its monthly DRAM wafer production capacity is expected to double to about 600,000 wafers.

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 a report by Economictimes, due to regulatory crackdowns, there is a severe supply shortage of local stablecoins like USDT in India, causing their premiums in the local market to rise to over 8.5%.The report pointed out that Indian law enforcement had previously taken action against institutions providing cryptocurrency foreign exchange services, cutting off remittance channels commonly used by overseas Indians, which in turn affected the supply of USDT in India. Currently, the trading price of USDT in the local market of India is significantly higher than the international parity level.

StableStock officially launched its leveraged spot trading feature today. Users can now directly use stablecoins to conduct leveraged spot trading on global market targets, accessing the real stock market through stablecoins.Leveraged spot trading supports zero interest for intraday trading: positions opened and closed before the end of the day's after-hours session do not incur interest, with only the overnight portion subject to interest calculation according to the rules, effectively reducing the holding costs for active traders. This covers major global markets, allowing for leveraged trading on over 700 targets, with a maximum leverage of about 10 times, including SK Hynix, Samsung Electronics, Zhizhu, and many popular US stocks; in addition to individual stocks, several short (inverse) ETFs are also included, providing options on both long and short sides.StableStock CEO Zixi stated: "Leveraged spot trading further connects stablecoin settlement with the real stock market, marking another step for stablecoins from being a settlement tool to becoming an entry point for real asset trading."Users must complete identity verification (KYC) and transfer funds to the leveraged account before use; interest calculation, forced liquidation, and other details are subject to the product page. Leveraged trading will amplify both gains and losses, so please use it cautiously.StableStock is supported by institutions such as YZi Labs, MPCi (Matrix Partners China), and Vertex Ventures, and currently supports trading on approximately 1,400+ global stock targets, with plans to continue expanding into more markets and categories.

The Hyper Foundation announced that it will provide approximately $10 million in grants to developers affected by the USDH exit, to cover migration costs and support an orderly transition of the ecosystem. This round of funding will be allocated to affected HIP-1 spot deployers, HIP-3 perpetual contract deployers, HyperEVM protocol, USDH:USDC cross-chain bridge, and other ecosystem participants.Among them, migration grants are aimed at teams migrating USDH-related markets or deployments to USDC; while exit grants are for projects that choose to terminate USDH-related businesses, with amounts lower than equivalent migration plans, to encourage a smooth conclusion of the ecosystem. HIP-1 and HIP-3 grants are based on auction deployment cost estimates, while HyperEVM grants are assessed based on the scale of USDH TVL affected. All beneficiaries must complete migration or business closure by the end of July.On the user side, USDH holders need to operate according to the guidelines of each protocol and can complete the exchange to USDC through the spot market or HyperEVM path. The official has provided support for asset conversion with no fees or spot trading channels. The Hyper Foundation also stated that the USDH migration is progressing smoothly, thanks to the active cooperation of developers and the community, and expressed gratitude to the relevant builders.

According to official news, the ForeGate supercomputing database, in collaboration with football legend Michael Owen, OneBullEx, OKX, and WEEX, has officially released the "ForeGate 2026 World Cup Winning Guide" match research report.This report focuses on the progress of the 2026 World Cup schedule in the US, Canada, and Mexico, conducting a systematic analysis of the qualification probabilities, advancement paths, championship probabilities, win-draw-loss trends, and betting tendencies of the 48 participating teams. The report combines the ForeGate AI prediction model with OKX data path simulations and continuously updates based on real-time match results, team conditions, and potential matchup changes. Currently, the comprehensive prediction accuracy of the related models has reached 93.8%, demonstrating strong data analysis capabilities in aspects such as match result response, point calibration, and advancement path judgment.ForeGate stated that during the World Cup, it will continuously update prediction content based on match results, team conditions, and model simulation results to help users understand the probabilistic logic behind schedule changes. Meanwhile, the ForeGate World Cup million-dollar prediction event is also in full swing, where users can participate in match predictions to share in the million-dollar rewards.As the World Cup schedule continues to progress, OneBullEx will combine the match data and related content from the report to keep a close eye on the dynamics of the matches, further enriching community participation and match discussions during the World Cup, providing users with more reference perspectives for observing match trends.

According to Xinhua News Agency, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, stated in a blog post on the 28th that Hong Kong is not only an important channel for attracting investment but also a "key link" for mainland enterprises and products to go international, as well as a "converter" for standards and regulations between technological innovation and the international market.Paul Chan indicated that under the national "dual circulation" development strategy, Hong Kong's internationalization advantages can effectively assist mainland enterprises in connecting with global markets. The mainland's outstanding scientific and technological innovation capabilities can efficiently interact with Hong Kong's internationalization advantages, helping enterprises convert research and development results into overseas orders.At the same time, Hong Kong can introduce international long-term capital for hard technology enterprises that require "patient capital," achieving "small, early, and long-term investments" to support the growth of promising technology companies and emerging and future industries. In addition, the developing Northern Metropolis of Hong Kong aligns well with the strong entrepreneurial atmosphere in places like Xi'an, creating a positive cycle of mutual empowerment among education, technology, talent, and industry.

According to the official announcement from Jupiter, the Solana chain now supports trading of the memory ETF DRAM (Roundhill Memory ETF), with holdings covering Samsung, SK Hynix, Micron, and SanDisk.

According to Jinshi News, BCA Research foreign exchange strategist Artem Sakhbiev stated in a report that the recent rebound of the US dollar seems somewhat excessive and lacks the support needed to break through the trading range of the past year. The Federal Reserve raised its interest rate forecasts in last week's meeting, emphasizing inflation, which led to a significant increase in real yields adjusted for inflation, alleviating the pressure for rate cuts and boosting the dollar. However, this trend now appears to be largely over, and the Federal Reserve may keep interest rates unchanged, potentially widening the gap between short-term and long-term yields.

CryptoQuant analyst Axel Adler Jr. released a report indicating that Bitcoin's realized net profit and loss (90-day MA) has been negative for the fifth consecutive month, with the current reading at -203.2 million USD. This means the market is systematically locking in losses, consistent with the early stages of past bear market cycles.However, the cost basis of the holder group shows that the core support is in the range of 48,000-56,000 USD. From the cost basis of various groups, whales (over 10,000 coins) are at 48,100 USD, small addresses (10-100 coins) are at 47,800 USD, and large wallets (1,000-10,000 coins) are at 56,500 USD, all still below the current price. Only the 100-1,000 coin group (65,700 USD) is in a loss position, which is the main source of current loss selling.Adler pointed out that this contrasts with the complete capitulation in 2022, when almost all groups fell below their cost basis. The current market shows a controllable decline rather than a capitulation pattern, with the main risk being a breakdown of the 48,000-56,000 USD support range. If this range is lost, it will push more holders into losses, opening up deeper downward space.

The founder of [Oasis Labs](https://www.rootdata.com/zh/Projects/detail/Oasis Network?k=MjU3 "Decentralized Layer 1 network based on PoS consensus"), Dawn Song, co-founder of Virtue AI, announced on the X platform that she will join Meta Superintelligence Labs (MSL) as Vice President of Artificial Intelligence Research, along with several members of the Virtue AI team. She stated that she will participate in promoting Meta's work in the field of AI safety and AI safety protection, focusing on enhancing the security, reliability, and usability of cutting-edge AI models and agent systems.

According to data from @defioasis, the total amount of Polymarket pUSD has surpassed 500 million dollars, with the total number of holders exceeding 1 million. Among them, 567 addresses hold more than 100,000 pUSD, meaning that 0.06% of addresses hold 55.34% of the pUSD balance; addresses holding more than 1,000 pUSD account for 2.76%, collectively holding 90.34% of the pUSD balance; 51.96% of holders possess less than 10 pUSD, which only accounts for 0.19% of the pUSD balance. pUSD represents the cash flow balance of Polymarket users. Although some users have all their funds tied up in positions, this still reflects the extreme wealth disparity phenomenon in the prediction market.

According to Jinshi reports, Citic Securities research report states that the US dollar index has rapidly strengthened recently, causing gold prices to fall below the $4,000 per ounce mark. The market's easing concerns about inflation have not led to a decline in the dollar. The research report points out that the political "re-dollarization" can explain the recent strength of the dollar, but the more important driving factor is the expectation of tightening dollar liquidity. It is expected that the dollar index will have support within the year, but it will be difficult to sustain a rise; the next US inflation data may become a catalyst for the market to adjust trading strategies.

According to Xinhua News Agency, the Supreme People's Procuratorate held a press conference today. Deputy Chief Procurator Miao Shengming introduced that the procuratorial organs are deeply investigating and thoroughly examining "self-money laundering" and "third-party money laundering" crimes, vigorously promoting the recovery of drug-related assets, and ensuring comprehensive coverage in the investigation and prosecution of drug-related money laundering crimes. From January last year to May this year, more than 1,200 people have been prosecuted for drug-related money laundering crimes. The Supreme People's Procuratorate has taken over the supervision of a major cross-border smuggling, trafficking, transporting drugs, and money laundering case involving Li Moubo and others, handled by the Chongqing procuratorial organs. Li Moubo laundered more than 48 million yuan through virtual currency and was sentenced to death after being punished for multiple crimes according to the law.

According to CoinDesk, Bitcoin has repeatedly found support around $59,000 in June, a position that has replaced $60,000 as a more critical technical support level. On Wednesday, as the decline accelerated, the price briefly approached $59,000 before rebounding to $61,000, a similar trend that occurred on June 5, when the price rebounded to $67,000 after stopping the decline near $59,000.The Federal Reserve's most closely watched PCE data will be released on Thursday evening, with core PCE expected to rise year-on-year by 3.3%-3.4%, the highest since October 2023. If the data exceeds expectations, it will confirm that the rise in inflation is not a temporary phenomenon, potentially strengthening interest rate hike expectations and pushing the dollar index further up, putting pressure on cryptocurrencies; if it falls short of expectations, it may alleviate concerns about interest rate hikes, providing support for Bitcoin's rebound from $59,000.