america

According to BBX data, yesterday the global publicly listed companies in the U.S. stock market and the proposed listing of crypto giants faced severe differentiation in capital operations, with the core dynamics as follows:The plan for 30,000 BTC giant to go public has collapsed: Cantor Equity Partners I (NASDAQ: $CEPO) and Bitcoin Standard Treasury Company (BSTR) jointly announced through BusinessWire yesterday that they will no longer proceed with the transaction according to the original business combination agreement signed in July 2025. The core reason is that the $1.5 billion PIPE financing has completely failed to materialize. Against the backdrop of Bitcoin dropping about 50% from its historical high, investor interest in the new Bitcoin treasury company has significantly cooled. The shareholder meeting originally scheduled for July 10 has been indefinitely postponed. BSTR originally planned to carry 30,021 BTC to list on Nasdaq and become the world's fourth-largest publicly listed company holding Bitcoin, and this collapse means that its listing path needs to be redesigned.American Bitcoin Corp. completes 1-for-15 reverse stock split and increases holdings: American Bitcoin Corp. (NASDAQ: $ABTC) recently completed a 1-for-15 reverse stock split to meet Nasdaq's minimum stock price listing maintenance requirements. While consolidating shares to maintain its listing, the company announced that it purchased 500 BTC in the secondary market against the trend, increasing its total holdings to 8,000 BTC (fair value of approximately $496 million), ranking 16th globally among publicly listed companies in terms of Bitcoin holdings. The company is approximately 44% owned by Hut 8, and Eric Trump, the second son of Trump, serves as Chief Strategy Officer.

Stablecoin issuer Tether announced a strategic financing round investment of $20 million in the Latin American on-chain financial services platform Mercado Bitcoin to support its development in asset tokenization, payments, credit, capital markets, and compliant digital financial services.Founded in 2013, Mercado Bitcoin has expanded from a digital asset trading platform to a comprehensive on-chain financial infrastructure platform, covering areas such as trading services, tokenized investment products, lending, stablecoin payments, banking infrastructure, and cross-border financial services. The funds from this financing will primarily be used to expand payment infrastructure, increase the scale of tokenized products for institutional and retail investors, develop credit business, advance on-chain capital market construction, seek strategic cooperation opportunities, and promote international expansion.

According to Bitcoin Magazine, Eric Trump's related organization American Bitcoin has added 500 bitcoins, increasing its total bitcoin holdings to over 8000 coins.

According to Jinshi News, SK Hynix's American ADR listing has received oversubscription, and SK Hynix will stop accepting subscriptions at 4 PM New York time on July 8.

Data from Bank of America shows that investors are exiting the U.S. stock market at the fastest pace since March. For the week ending July 1, U.S. stock funds experienced a net outflow of $17.2 billion, marking the first net outflow of funds in three months. The data indicates that the Japanese stock market saw the largest inflow of funds in seven weeks, reaching $1.9 billion.

According to PR Newswire, American Bitcoin (NASDAQ: ABTC) announced today that as a "Bitcoin accumulation platform" focused on building Bitcoin infrastructure in the United States, the company plans to implement a 1-for-15 reverse stock split for its common stock, which will officially take effect on July 2, 2026, at 5:00 PM.The company expects that the Class A common stock, after the reverse stock split adjustment, will resume trading on the NASDAQ Capital Market on July 6, 2026, with the trading symbol remaining ABTC.At the effective time, every 15 shares of the issued and outstanding Class A common stock will automatically combine into 1 share of Class A common stock; every 15 shares of Class B common stock will also combine into 1 share of Class B common stock, and adjustments will be made according to the fractional shares rules. Currently, the company has no Class C common stock outstanding.

According to a report by Reuters, the latest data released by Citi shows that driven by the demand for companies to cut AI spending, the market adoption rate of low-cost open-source models is rapidly increasing. In June of this year, the proportion of open-source model Tokens processed on the AI aggregation platform OpenRouter surged from 34% in January to 65%.Citi specifically pointed out in the report that the cost difference is a core factor driving this trend. The data shows that some Chinese open-source large models are continuously narrowing the performance gap with leading models in the United States, while their charges are as low as 18 cents per million Tokens, whereas the average charge for leading large models in the industry is about 4 dollars, resulting in a cost difference of over 20 times.

According to Jinshi, Paul Ciana, the head of technical research at Bank of America, stated that investors should hedge against further rebounds in the S&P 500 index and prepare for a potential "three-wave correction" in the coming months. Ciana pointed out that the S&P 500 index has risen nearly 17% since the March low, but after reaching a recent peak on June 2, the upward momentum has shown signs of fatigue and could drop to 6,850 points, about 7.6% lower than current levels. He emphasized that as the risk of a correction accumulates, the price trend is "overstretched," and momentum is deteriorating, suggesting a "defensive stance" from July to September.

American Express is hiring a Vice President of Stablecoin and Blockchain Partnerships and Strategy in New York, responsible for formulating the company's overall strategy in the fields of programmable currency, stablecoin payments, and blockchain financial infrastructure, promoting collaboration with stablecoin issuers, blockchain networks, tokenization platforms, wallets, and fintech companies, and overseeing projects such as stablecoin payments, tokenized settlements, digital identity, and programmable commerce from concept validation to implementation.

According to Gate market data, European and American stock index futures continue to decline, with the Nasdaq 100 index futures falling by 1.6%, the S&P 500 index futures down 0.7%, and the Dow futures down 0.18%; the Euro Stoxx 50 index futures fell by 0.9%, the German DAX index futures down 1%, and the UK FTSE index futures down 0.8%.

According to PR Newswire, Canaan Inc. announced that the company's Chairman and CEO Zhang Nengeng and CFO Cheng Jin recently purchased a total of 1,065,000 American Depositary Shares in the open market, with an average purchase price of $0.35 per share.The company stated that this increase in holdings complies with internal trading policies and applicable securities regulatory requirements, reflecting the management's confidence in the company's long-term strategy and future development prospects.

According to Jinshi reports, Bank of America expects the Federal Reserve to raise interest rates three times this year, which is the latest sign that Wall Street is preparing for a more aggressive rate hike from the Federal Reserve.The bank's economists had previously expected the Federal Reserve to keep interest rates unchanged, and the reason for adjusting their expectations is the strong performance of economic data and the Federal Reserve's communication turning hawkish. Although Bank of America's prediction of three rate hikes is still in the minority, currently only 19% of market investors expect three rate hikes, with investors believing that two rate hikes this year is the most likely outcome.

According to Jinshi, Bank of America expects the Federal Reserve to raise interest rates by 25 basis points in September, October, and December 2026, whereas the previous forecast was that interest rates would remain unchanged this year.

According to an analysis by Tommy, there is a significant gap in valuation and revenue conversion for Chinese open-source AI companies, with their price-to-sales ratio (P/S) far exceeding that of leading counterparts in the United States.Data shows that Zhipu, which developed the GLM 5.2 model, currently has a market value of approximately $137 billion, but its revenue for the fiscal year 2025 is about $107 million, resulting in a price-to-sales ratio as high as 1280 times; MiniMax has a market value of about $23 billion, with a price-to-sales ratio of approximately 290 times. In contrast, the valuations of leading AI laboratories in the United States are more solid, with OpenAI (valued at about $852 billion) and Anthropic (valued at about $965 billion) having price-to-sales ratios of only 34 times and 21 times, respectively.It is believed that due to overseas users' concerns about data privacy, they are unwilling to send data directly to China, resulting in the massive demand for Chinese AI companies not being converted into actual API revenue, leading to significant profit loss to overseas third-party inference service providers (such as OpenRouter, etc.). To support their current high valuations, Chinese AI companies urgently need to prove their data non-retention mechanisms and capture the market at low prices, or explore revenue-sharing and initial licensing collaborations with overseas inference platforms to expand their actual revenue scale.

According to a report by the People's Daily, the Ministry of Commerce of China announced today that, in accordance with the Export Control Law and the Regulations on the Export Control of Dual-Use Items and other laws and regulations, in order to maintain national security and interests and fulfill international obligations such as non-proliferation, it has decided to officially include 10 U.S. entities, including Aveox, Red Cat, and USA Rare Earth, on the export control list starting from June 22.The announcement clearly states that exporters are prohibited from exporting dual-use items to the aforementioned 10 entities, and organizations or individuals from any country or region are prohibited from transferring or providing dual-use items originating from China to these entities. It also requires an immediate cessation of ongoing related export activities. In addition, in special circumstances where export is necessary, operators must apply to the Ministry of Commerce in accordance with the law.

According to Jinshi, U.S. President Trump stated, Happy Father's Day! Our country is thriving. Record employment numbers and the stock market, the best economy in history! The most powerful military in the world, far ahead. We are winning in every way, winning like never before. God bless everyone!

Grant Cardone, CEO of the American real estate investment company Cardone Capital and billionaire, stated on the X platform: "Cardone Capital has increased its holdings by 282 bitcoins."

According to Rest of World, in order to significantly reduce operating costs, American developers and startups are accelerating the adoption of Chinese AI models such as DeepSeek, Minimax, and Kimi. Due to their high cost-effectiveness in handling common tasks like code writing, the market share of Chinese AI models is rapidly increasing. Data shows that in May, the Token usage share of DeepSeek on the service provider Vercel platform surged from less than 1% to 17%. Additionally, it is reported that Microsoft is also exploring the use of DeepSeek or other open-source models as a low-cost alternative for Copilot.However, despite the popularity of Chinese AI models in the market due to their price advantage, many American companies and developers choose to access these models indirectly through local servers or American cloud service providers, constrained by domestic political scrutiny and data security concerns. This has led to Chinese AI companies facing high usage rates while still struggling to effectively convert traffic into substantial direct revenue and long-term enterprise-level customer trust in the U.S. market.

According to Jinshi, large bank stocks in the United States generally rose, with Morgan Stanley up 2.6%, Goldman Sachs up 2.3%, and Citigroup up 1.8%.