velo

The Governor of the Bank of Tanzania, Emmanuel Tutuba, stated that the bank is completing the formulation of regulatory laws and regulations for digital assets, covering virtual assets, cryptocurrencies, and stablecoins, to enhance regulation and supervision.Emmanuel Tutuba mentioned that many young people are investing in related fields, and the central bank has received complaints from individuals who have incurred losses in cryptocurrency-related transactions. The relevant rules will be used to protect Tanzanian investors. He stated that the new regulations will also address the risks of money laundering, terrorist financing, and other illegal activities related to virtual assets, ensuring that entities involved in related activities operate according to the guidelines that will be released soon.

Larry Fink, CEO of the world's largest asset management company BlackRock, stated that he is optimistic about the market in the next 12 months, as the technological revolution will drive improvements in the profit margins of more companies. He noted that BlackRock's profit margin has increased by 260 basis points over the past 12 months, and the company has added $1 trillion in assets without increasing its workforce.Larry Fink mentioned that the current market leverage levels are lower than those in 2008 and 2009, and the implied leverage is not high when measured against the current capital market size. He also indicated that certain assets, financial products, or international markets may still carry concentration risks. Larry Fink expressed that he had previously been concerned about leverage in the Bitcoin and cryptocurrency markets, as there had been too many leveraged participants in the market. He believes that after the leverage has been cleared, Bitcoin and the cryptocurrency market are more stable at current levels.

Celestia Labs announced that it has acquired the high-performance blockchain framework developer Sovereign Labs. The latter has been deeply engaged in the Celestia ecosystem since 2021, and its framework has provided underlying support for projects such as the cross-chain bridge Relay Protocol and the high-performance perpetual contract trading platform Bullet.After this acquisition, Celestia Labs' technical capabilities will extend from Layer 1 to the execution layer and application layer, becoming a full-stack custom blockchain development partner for enterprises. As projects like Hyperliquid, Polymarket, and Robinhood choose to build their own chains, the demand for full-stack blockchain infrastructure among enterprises is accelerating.

Starknet announced the opening of its privacy development stack to developers, launching a privacy SDK and privacy wallet API, allowing applications, wallets, and protocols to integrate private balances, private transfers, and related DeFi interaction features based on STRK20.

AI data center developer Hyperscale Data GPUS additionally purchased 32.49 BTC, currently holding a total of 1032.49 BTC, ranking 45th in Bitcoin 100.

According to Fortune magazine, stablecoin payment infrastructure startup Velocity announced the completion of a $38 million Series A funding round, led by crypto investment firm Dragonfly, with participation from institutions such as Coinbase, Capital One Ventures, and Wintermute. Velocity CEO Eric Queathem did not disclose the latest funding valuation.Founded in 2025, Velocity focuses on providing stablecoin payment solutions for businesses, payment service providers, fintech companies, and financial institutions, helping them optimize cross-border payments, fund settlement, and fund management processes using dollar-pegged tokens. Currently, Velocity has covered markets in the United States, parts of Europe, and Australia, with plans to use the new funds to apply for licenses to expand into Africa and Latin America, while also investing in building a more secure asset custody infrastructure and developing new features, including stablecoin yield products.

According to a report by Jinshi Data on July 13, the Ministry of Industry and Information Technology and three other departments issued guidance on promoting the high-quality development of internet infrastructure resources. It mentioned strengthening the planning of internet technology innovation, promoting the implementation of relevant national key research and development programs and major national science and technology projects, enhancing original technology innovation, and carrying out technical research on the integration of artificial intelligence, blockchain, distributed identifiers and internet infrastructure resources, breaking through key technologies such as network dynamic optimization, intelligent resource scheduling, and data security interaction. Strengthening the innovation of the IPv6 technology system to solve key issues such as protocol compatibility and high-performance transmission. Breaking through key technologies for satellite internet mega-constellation networking, rapid routing switching, and reliable anti-jamming transmission. Breaking through key technologies for the large-scale deployment and application of resource public key infrastructure.

MINIMAX (00100.HK) announced that it will raise approximately HKD 16.041 billion through the placement of new shares and the issuance of zero-coupon convertible bonds. According to the announcement, the company will place 35.6 million new Class A shares at HKD 268 per share (approximately a 9.89% discount to the closing price of the previous trading day), expecting to raise about HKD 9.541 billion; at the same time, it plans to issue zero-coupon secured convertible bonds with a total principal amount of HKD 6.5 billion due in 2027, with an initial conversion price of HKD 335 per share (approximately a 12.64% premium to the closing price). Morgan Stanley and UBS are acting as arrangers for this transaction, and the placement and bond issuance are independent of each other and not conditional upon one another. If all the bonds are ultimately converted into shares, the two transactions will add up to approximately 55 million shares, accounting for nearly 15% of the company's expanded total share capital. Regarding the use of funds, MINIMAX stated that about 80% of the net proceeds are intended to strengthen AI infrastructure and model development, 10% to accelerate the global commercialization of products, and the remaining 10% for working capital and general corporate purposes.

According to official news, on July 5th, the ANTON Hong Kong Web4.0 closed-door private board meeting was successfully held. This meeting focused on in-depth exchanges regarding AI-Fi, Web4.0, real ecological applications, and co-construction with ecological partners.At the meeting, Mr. Allen Dave, the Chief Executive Officer (CEO) and Executive Director of MY Group Technology Company, attended and delivered a speech, stating that MY Group will continue to provide ecological resources, global market capabilities, real application scenarios, and capitalization strategy support for ANTON. Both parties will engage in deeper collaboration around AI-Fi and Web4.0.It is reported that ANTON is an important component of MY Group's AI-Fi ecological layout, dedicated to exploring the integration of AI and decentralized finance. Through the BAS bionic intelligent agent cluster, AI financial strategy system, and on-chain rule mechanisms, it aims to build intelligent financial protocols for the Web4.0 era.Industry insiders believe that with the continuous integration of AI technology and on-chain financial infrastructure, AI-Fi is gradually becoming one of the important application directions in the Web4.0 era. The deep collaboration between ANTON and MY Group is expected to further promote the transition of AI finance from conceptual narratives to real-world applications.MY Group's current ecosystem covers various fields, including social traffic entry, global payment systems, public chain infrastructure, digital asset trading ecosystems, and AI intelligent financial systems. In the future, both parties will continue to advance cooperation in areas such as AI-Fi infrastructure construction, real application implementation, and global community ecological expansion by leveraging their respective advantages.This Hong Kong private board meeting further clarified the strategic collaborative relationship between ANTON and MY Group under the new cycle of intelligent finance, jointly promoting the development of the AI-Fi and Web4.0 ecosystem.

The Ethereum Foundation Protocol Support team has been dissolved. This team was primarily responsible for coordinating the Ethereum protocol development process, including organizing and coordinating core developer meetings, tracking network upgrade progress, supporting EIP advancement, operating the Ethereum Protocol Fellowship (EPF) program, and providing educational, community, and infrastructure coordination support.This adjustment is part of the recent organizational restructuring of the Ethereum Foundation, which has seen multiple team and personnel changes recently.

According to Techcrunch, the Swedish AI application building platform Lovable is in talks to raise $300 million at a valuation of $13.2 billion. Menlo Ventures is expected to lead this round, having just announced its latest $3 billion fund last month.This startup, which was founded less than three years ago, achieved an annualized revenue run rate of $500 million in June. Lovable's users include founders, independent designers, and salespeople who use its tools to build websites and e-commerce stores. The company also sells its ambient programming tools to large enterprises, with clients including Workday, Asana, and Nvidia.

According to The Block, U.S. Democratic Senator Ron Wyden has written to the bipartisan leaders of the Senate, urging them to retain Section 604 of the Clarity Act, the Blockchain Regulatory Certainty Act. This provision provides a safe harbor for non-custodial developers, clarifying that they do not fall under the category of money transmitters, and it has received widespread support from the crypto industry, which believes it offers legal certainty for software developers and prevents the outflow of innovation.However, law enforcement agencies and Catholic leaders warn that this provision could weaken regulatory capabilities in combating human trafficking and hinder investigations. Wyden countered in his letter that the provision aligns the policies of the DOJ and FinCEN, ensuring that resources are focused on illegal money transmission activities, and stipulates that non-custodial developers are not protected if they are found to be transferring or using funds from illegal activities. This controversy is one of the main unresolved issues in advancing the Clarity Act, with another being the ethics provision. The time window before the Senate recess in August is narrowing.

According to the official website of the Ministry of Artificial Intelligence and Digital Development of Kazakhstan, the President of Kazakhstan signed the decree "On Measures to Stimulate and Develop the Digital Asset Industry of the Republic of Kazakhstan" on July 8, 2026, aimed at building a modern and transparent digital financial services ecosystem.The core content of the decree covers four major directions: First, to promote the modernization of payment infrastructure and develop mechanisms that support digital assets and stablecoins for cross-border settlement; Second, to encourage the inclusion of cryptocurrency trading within a regulated legal framework, allowing digital assets previously held on unregulated platforms abroad to be voluntarily disclosed and transferred to domestic licensed service providers; Third, to introduce tax incentive policies, exempting personal income tax on profits from digital asset trading conducted through Kazakhstan's regulated infrastructure; Fourth, to allow associated gas from oil and gas fields to be used for self-generated power and allocated to digital mining, to promote regional investment and efficient energy utilization.In addition, the decree also clarifies the development direction of tokenized financial instruments and national trading infrastructure.

According to The Block, BNB Chain is developing a new Layer 1 blockchain aimed at Agentic Trading and has released the first detailed architectural information after months of research and development on the project.According to the technical roadmap for the second half of 2026 disclosed by BNB Chain, the new chain will run in parallel with the existing BNB Chain ecosystem, aiming to achieve a transaction preconfirmation of less than 50 milliseconds, designed to provide an execution experience close to centralized exchanges (CEX), while retaining the advantages of on-chain self-custody and transparency.In terms of technical architecture, the new chain will remove the traditional public mempool and introduce a transaction transmission mechanism called "TxStream," which directly sends transactions to block producers to reduce latency and minimize MEV extraction behaviors such as sandwich attacks.

Sophia Dew, a member of the Ethereum Foundation (EF) Developer Acceleration team, announced in a post that this week will be her last week working full-time for the Ethereum Foundation. Dew has been active in the Ethereum ecosystem for the past four years and has participated in projects such as Funding Commons, Gitcoin, and Celo.She stated that after leaving, she will continue to promote the vision of Ethereum and cryptocurrency technology in other ways, and she clearly expressed her continued optimism about the future development of Ethereum.

According to The Information, internal memos show that SpaceXAI and Cursor plan to release their jointly developed first AI model as early as today (July 8). It is reported that to further enhance operational efficiency, the two companies postponed the release of the model earlier this week. The report indicates that the new model has the capability to process information quickly and aims to compete with advanced large models such as Anthropic's Opus 4.8 and OpenAI's GPT 5.5.Data shows that Elon Musk's SpaceX acquired xAI (now renamed SpaceXAI) in February of this year, and subsequently acquired the well-known AI programming assistant Cursor's parent startup Anysphere in June for $60 billion in an all-stock transaction to strengthen its position in the high-profit enterprise-level AI code generation sector. Additionally, SpaceX has performed strongly since its initial public offering on June 12, benefiting from Nasdaq's revised rules for newly listed companies, and was officially included in the Nasdaq-100 index this Tuesday.

According to a report by The Information, multiple informed sources revealed that China's leading AI company Zhiyu is considering designing its own AI chips. It is reported that as the demand for its GLM series large models has rapidly surged, coupled with increasing constraints on computing resources, Zhiyu has recently had preliminary contacts with several domestic chip design companies to explore the possibility of collaborating on the development of custom AI processors.The report pointed out that for large AI model developers, the layout of self-developed chips aims to achieve software and hardware collaborative optimization, improve computing power utilization efficiency, and reduce dependence on external GPU suppliers. In addition to Zhiyu, another domestic large model company, DeepSeek, has also been reported to be simultaneously advancing its self-developed chip project focused on inference scenarios. Globally, top AI developers such as OpenAI (which has announced its self-developed chip Jalapeño) and Anthropic are actively laying out custom chips, and the AI industry is accelerating towards a dual-line layout phase of "model + chip" software and hardware integration.

According to reports, three informed sources revealed that the Chinese AI startup DeepSeek is developing its own AI chip. This chip is primarily designed for the inference stage of AI computing, rather than for training new models. This move aims to reduce the company's reliance on chips from Nvidia and Huawei.The report noted that the chip development plan began about a year ago and is still in the early stages. DeepSeek is discussing with external partners such as chip design firms, foundries, and storage companies, and has increased its recruitment of chip design engineers through private channels in recent months. Additionally, following the news, Nvidia's pre-market stock price fell slightly by about 1.6%.Analysts believe that if the development is successful, it will mark a significant strategic shift for DeepSeek, aligning with the global trend of leading AI developers seeking hardware autonomy, and may also pose a challenge to Huawei's position in the domestic AI chip market. However, the project still faces challenges such as long design cycles, high funding requirements, and manufacturing barriers like U.S. export restrictions on advanced processes and high-bandwidth memory (HBM). This chip development initiative also aligns with recent reports about DeepSeek's plan to raise $7 billion in its first round of financing.

According to official news, NEAR Protocol announced the launch of Confidential Intents, opening NEAR's confidential execution infrastructure to all developers. Developers and dApps can provide users with confidential trading features through the NEAR Intents 1 Click Swap API.NEAR stated that Confidential Intents uses encryption rather than proof generation, requiring no client-side proof and not increasing wallet complexity; each user's data is encrypted individually rather than pooled for obfuscation. Integration only requires adding one parameter, with no need for reconstruction. Over $1.5 billion in ZEC has been settled through NEAR Intents, and within weeks of going live on near.com, 42% of transaction volume used the confidential mode, with daily confidential TVL exceeding $30 million.