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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.

Jurrien Timmer, Global Macro Director at Fidelity Investments, stated that Bitcoin is approaching the long-term Power Law model support level, or facing a critical technical test. Currently, the support line of this model is at $58,237, while $60,000 is seen as an important psychological and technical threshold. In addition, Jurrien also pointed out that due to the slowdown in global liquidity growth and speculative funds continuing to flow into technology stocks and other risk assets, Bitcoin currently lacks the macro catalysts necessary to drive a trend reversal. Although this model support level has historically become a market bottom multiple times, Bitcoin may still oscillate in this area for a while, waiting for a more favorable macro environment to drive a new round of increases.

According to Jinshi reports, U.S. short-term interest rate futures surged after the non-farm payroll data was released, as the market reduced bets on a Federal Reserve rate hike.The market has now fully absorbed the expectation of a Federal Reserve rate hike in December, whereas the previous expectation was for a rate hike in October.

According to on-chain detective ZachXBT, multiple reports indicate that the centralized cryptocurrency exchange AscendEX (formerly Bitmax) has recently delayed or failed to process users' withdrawal requests for several days or even weeks, yet the platform continues to accept user deposits.As early as the initial warning on June 26, ZachXBT pointed out that, after reviewing on-chain data from Arkham and TRM, several known hot wallets of AscendEX (covering EVM, Tron, and Solana networks) severely lack major market cap tokens such as ETH, USDT, and SOL, indicating that the platform is likely facing a serious liquidity crisis.The latest situation shows that, in the 9 days since the first warning, the official X account of AscendEX has remained inactive, and the platform's co-founder George (Jing) Cao has not responded to inquiries from users with large amounts of trapped funds. Currently, ZachXBT strongly advises users unable to withdraw their funds to report to law enforcement and regulatory agencies in their respective countries or regions as soon as possible.It is reported that AscendEX was founded by George (Jing) Cao and Ariel Ling in 2018. In December 2021, the platform was attacked by the hacker group Lazarus Group, resulting in approximately $78 million in asset losses.

According to CoinDesk, Glassnode data shows that Bitcoin long-term holders have shifted from net distribution to net accumulation, with the 30-day net position change turning positive, and the current net accumulation scale is between 50,000 to 100,000 BTC. Glassnode points out that the ongoing shift from net distribution to net accumulation among long-term holders typically occurs during periods of market weakness, as long-term investors gradually increase their holdings while short-term participants reduce risk. In terms of accumulation trend scores, the smallest holders (less than 1 BTC) score close to 0.8 to 0.9, medium-sized holders (100 to 1,000 BTC) are also close to that range, while the groups of 1 to 10 BTC and 10 to 100 BTC score around 0.6 to 0.7, and the group of 1,000 to 10,000 BTC scores about 0.5 to 0.6, with the largest whales (over 10,000 BTC) still close to neutral. Glassnode indicates that synchronized accumulation across multiple wallet sizes is a positive signal, but the largest holders have not yet started buying, and further observation is needed to confirm the overall accumulation trend.

According to The Block, Bernstein reiterated its outperform rating on Circle in a report released on Wednesday, maintaining a target price of $190, representing a potential upside of approximately 203%.Analysts believe that while Open USD shows that the stablecoin sector is widely recognized, it will be difficult in the short term to challenge Circle's network effects and liquidity advantages. Circle's USDC saw a trading volume of $5.3 trillion in the first half of 2026, a significant year-on-year increase, with its trading volume share rising from about 40% in 2025 to approximately 60% currently.At the same time, Bernstein also maintains an outperform rating on Coinbase, with a target price of $330.

According to Public Citizen data, Ripple, Coinbase, and other cryptocurrency companies contributed $189 million to the 2026 U.S. midterm elections. Cryptocurrency companies accounted for 37% of the total $517 million in corporate political donations. Previously, during the 2024 U.S. presidential election, political donations from the cryptocurrency industry were approximately $160 million, and the cryptocurrency industry accelerated lobbying after the Trump administration took office, seeking to solidify the results of regulatory loosening.

According to the latest data from CertiK Skynet, Websea has maintained a security rating of over 80 in the A-grade high score range after completing its third round of professional penetration testing, with its overall ranking showing a steady upward trend, continuing to rank among the top in the global exchange security list.This assessment covers core dimensions such as smart contract security, system architecture stability, risk control mechanisms, and asset protection capabilities. The comprehensive assessment results further confirm that Websea has a highly mature and robust security system, with overall security performance at a high level within the industry. As a mainstream third-party security organization in the industry, CertiK's continuous audit and penetration testing results further strengthen Websea's long-term industry endorsement in terms of security transparency and credibility among global exchanges, and also enhance market recognition of Websea's security and credibility.

CryptoQuant analyst Axel Adler Jr. released a report indicating that the MVRV ratio of long-term Bitcoin holders has compressed to 1.24, the lowest level in nearly three years. The cost basis for long-term holders has risen to $48,400, while the BTC price has fallen to $59,000, leaving an average profit of only 24% for long-term holders, with the gap to the cost basis narrowing to 19%.Meanwhile, the holdings of long-term holders have reached an all-time high, approaching 16.1 million BTC, and the selling indicators remain low, indicating that holders are not selling during price declines but are continuously absorbing supply. The analyst noted that when the MVRV approaches 1, historical cycles typically come close to a bottom, but currently, it has not yet entered the green surrender zone. Stronger bottoming signals will require the MVRV to enter the "extremely low area" and for prices to remain above the cost basis. The main downside risk is if the price falls below the $48,400 cost basis and selling activity surges simultaneously, which could trigger surrender behavior from the most steadfast holders.

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.

Bitget launches the "TradFi 100 Questions for Popular Science" long-term investor education program, breaking down the traditional financial knowledge system into 100 core questions, covering six major modules: financial basics, asset encyclopedia, market mechanisms, macroeconomics, risk management, and the evolution of multi-asset trading.The course uses structured content and weekly updated educational materials as a medium, focusing on analyzing the driving logic behind stocks, commodities, interest rates, and capital flows, helping traders establish an investment framework across asset classes.Bitget CEO Gracy Chen stated that as the connections between financial markets deepen, crypto investors need to pay attention to factors such as interest rates, inflation, stocks, commodities, and global liquidity.The "TradFi 100 Questions for Popular Science" aims to lower the understanding threshold of traditional financial knowledge, helping users adapt to a multi-asset investment environment where traditional assets and digital assets converge.

The Hong Kong-listed company Okex Cloud Chain (1499.HK) announced its annual results for the year ending March 31, 2026. During the period, the group generated approximately HKD 191.7 million in revenue from continuing operations, a decrease of about 46.7% compared to HKD 359.8 million in the same period of 2025.The company incurred a loss of approximately HKD 28.8 million this year, widening the loss by about 82% compared to the same period last year; the basic and diluted loss per share was HKD 0.54.The report indicated that the group terminated its digital asset proprietary trading business and technical services during the reporting period, with approximately HKD 96.55 million in digital assets reclassified as intangible assets.

New Fire Group released its interim performance report for the six months ending March 31, 2026. The group recorded a loss of approximately HKD 244.9 million (unaudited), a significant increase of about 1890% compared to a loss of HKD 12.3 million in the same period of 2025. Among them, the cryptocurrency asset trading business recorded revenue of HKD 1.9447 billion, a year-on-year decrease of about 43.4%.In terms of business segments, in the asset management business, as of the end of the reporting period, the assets under management (AUM) reached approximately USD 145.6 million; the number of New Fire quantitative trading clients increased by about 12.9% compared to the same period last year.In the trust and custody business, the number of private banking accounts successfully opened during the reporting period increased from 37 to 305; the number of accounts interested in opening increased from 106 to 668.In the cryptocurrency over-the-counter trading business, the number of OTC trading clients increased from 8 to 31, with a monthly compound growth rate of 31.1%.In addition, the group's compliant exchange in Japan, BitTrade, has accumulated a total of 288,214 registered users.

According to Jinshi reports, Neuberger portfolio manager Joseph Purtell stated that in the short term, the dollar may continue to strengthen due to rising real interest rates in the United States. He believes the dollar is likely to break through the range of the past six to nine months, but added that in the long term, considering structural issues such as the sustainability of U.S. government finances, the dollar may weaken.

According to Jinshi reports, Federal Reserve official Kashkari stated that in the short term, the development of artificial intelligence is clearly a factor driving inflation.

According to Gate market data, the US dollar index DXY rose 20 points in the short term, currently reported at 101.29.

According to Gate market data, the US dollar index DXY has briefly dropped by more than ten points, currently reported at 101.06.

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.

According to Gate market data, after the release of the US PCE data, spot gold surged nearly 30 dollars in the short term, currently reported at 4,010 dollars/ounce.