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According to The Block, Benchmark Equity Research raised Hut 8's target price from $165 to $195 on Wednesday. This is the second time this month that the agency has raised Hut 8's target price, mainly due to the full commercialization of its Beacon Point AI data center campus located in Texas.Hut 8 previously announced that it had signed a second 15-year lease agreement with existing tenants, with a total value of $9.8 billion, increasing the contracted capacity of the Beacon Point campus to 704 MW and raising the total contract value of this 1 GW campus to $19.6 billion. Benchmark stated that the latest target price still has about 75% upside potential compared to Hut 8's stock price of approximately $111 at that time.In addition, Benchmark's valuation of Hut 8 also includes its holding of 10,278 bitcoins, valued at nearly $680 million at current prices, as well as its 60% stake in American Bitcoin Company.

Benchmark has lowered its second-quarter performance expectations for Coinbase ahead of the earnings report next week, citing weak trading activity in the cryptocurrency market, but still maintains a "Buy" rating and a target price of $270. Based on Coinbase's stock price of about $172 on Wednesday, this target price corresponds to an upside potential of approximately 57%.Benchmark analyst Mark Palmer has revised Coinbase's second-quarter revenue expectation from $1.51 billion to $1.38 billion and has lowered the full-year revenue expectation for 2026 from $6.33 billion to $6 billion. The trading volume on centralized exchanges in the second quarter has decreased by about 28%, and the total market capitalization of the cryptocurrency market has dropped by about 13%. The firm expects Coinbase's trading revenue to decline by more than 5%.However, the market showed initial signs of stabilization in June, with spot trading volume exceeding $1 trillion for the first time since March, which may somewhat alleviate the weak performance in the second quarter.Benchmark believes that if the CLARITY Act is ultimately passed, it could become a more significant catalyst for the stock price than quarterly performance, with Coinbase potentially being one of the main beneficiaries of the act. Trump has previously agreed to the relevant ethical provisions, removing a key obstacle to the advancement of the bill.

NVIDIA CEO Jensen Huang stated in an exclusive interview with Axios on Tuesday that American companies "absolutely" should be allowed to use Chinese open-source AI models, directly challenging the Trump administration and some American AI labs' blockade policies.Huang believes that the market's panic over Kimi K3 is a misreading, similar to the sell-off triggered by DeepSeek in early 2025: cheaper open-source models will expand the AI audience and increase, rather than decrease, the demand for chips, data centers, and computing power. "Free AI is good for hardware, good for chips, good for data centers." He also refuted the notion that open-source models pose security risks, claiming that open-source is actually safer because external researchers can examine the models, expose vulnerabilities, and build defenses, while calling for Anthropic to open its Claude Mythos model to "everyone."Huang rejected the narrative that "China will defeat American companies," arguing that the AI race has no finish line and that China and the U.S. will coexist in the long term. Hours after the interview, U.S. Treasury Secretary Bessent stated that the government is reviewing whether Chinese AI models are stealing intellectual property and considering sanctions. Huang responded that knowledge distillation is the foundation of intelligence and that accountability should be directed at violations rather than the models themselves.

Trader Ansem stated that he has bought PUMP around the old support level of 0.001675, with the main logic being that pump.fun can still achieve monthly revenues of about 30 to 40 million dollars during the bear market.He believes that if Solana dominates retail on-chain trading activities again in this cycle, pump.fun is likely to become one of the beneficiaries.

According to Etoday, SK Group Chairman and Chairman of the Korea Chamber of Commerce and Industry Choi Tae-won stated today at the Korea Chamber of Commerce and Industry Summer Forum that despite the recent significant decline in SK Hynix's stock price, investors should not frequently buy and sell, but should hold stocks from a long-term perspective.With the continuous development of the artificial intelligence industry, the demand for storage will continue to grow. He said, "AI is still like a 4-year-old child now, but it will eventually grow into an adult. The market will still require a large amount of memory support, and the related demand will inevitably grow exponentially. Although it is impossible to predict next month's stock price trend, do not repeatedly buy and sell; quietly holding is a better way to protect assets."

According to Jinshi, the number of people continuing to claim unemployment benefits in the U.S. for the week ending July 4 was 1.805 million, lower than the market expectation of 1.815 million.The previous value was revised from 1.814 million to 1.821 million.

The Bank of Korea raised the benchmark interest rate by 25 basis points to 2.75%, marking the first rate hike since January 2023. Among 37 economists surveyed by Reuters, 36 expected the Bank of Korea to raise rates to this level, and the result met market expectations.

Airbnb CEO Brian Chesky posted on X that he has been quietly observing the tokenization of real-world assets, stating that most of it is noise, but real things are happening beneath the noise, and he shared his observations in a long tweet. The post quoted user @StarPlatinum_ regarding comments on the Robinhood Chain, which pointed out that the long-term focus of Robinhood Chain is on the RWA track, and cited Robinhood CEO Vlad Tenev's statement from a week ago referring to meme coins as having no underlying utility assets.

According to Jinshi, the number of people continuing to claim unemployment benefits in the United States for the week ending June 27 was 1.814 million, slightly lower than the market expectation of 1.815 million. The previous value was revised from 1.814 million to 1.806 million.

RootData has launched the [Stock Perpetual Contract Exchange Ranking](https://cn.rootdata.com/exchanges/stock), covering centralized and decentralized platforms that support stock perpetual contracts and other stock-related derivatives trading, aiming to establish a reliable data benchmark for investors. It is reported that RootData's ranking directly collects primary data through the exchanges' official APIs and public market data sources, rather than relying on third-party data service providers, thus maximizing the originality, timeliness, and accuracy of the data. In addition, this ranking system will continuously track the performance of each platform across multiple dimensions, including trading volume, open interest, liquidity, spreads, depth, trading costs, and contract coverage. Currently, RootData's data submission channel is open, supporting exchanges with stock perpetual contract business to submit official APIs and supplementary data.

According to Cointelegraph, the U.S. stock market has grown by 68% over the past five years, adding about $6 trillion in market value this year, with 58% of Americans holding stocks. Analysts warn that if the stock market experiences a significant correction, the Federal Reserve may break decades of precedent by supporting the market through methods such as purchasing stock ETFs.Alvin Kan, Chief Operating Officer of Bitget Wallet, stated that once the Federal Reserve intervenes (by lowering interest rates, expanding the balance sheet, or even purchasing ETFs), the cryptocurrency market typically enters a medium to long-term upward trend in its history, due to the restoration of risk appetite and the flow of funds back into high-beta assets. Tim Sun, a senior researcher at HashKey, pointed out that the macro pricing of crypto assets is still linked to U.S. dollar liquidity, real interest rates, and stock market risk sentiment. Once the market is convinced of a policy bottom, the risk premium for high-volatility assets will compress, benefiting Bitcoin and mainstream crypto assets.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Wimbledon WTA: Belinda Bencic vs. Coco Gauff," the option "Belinda Bencic" in the sub-market "Wimbledon WTA: Belinda Bencic vs. Coco Gauff" experienced a dramatic fluctuation in winning probability, plummeting from 66.5% an hour ago to the current 19.5% (a fluctuation of 47%). Please note the impact of related breaking news.

According to official news, Gate will launch a special gift event for new users from July 2, 16:00 to July 9, 16:00 (UTC+8). During the event, new users who complete their first flash exchange can participate in multiple rewards: for a single first exchange of 1 USDT, they will receive a 100% chance to win a mystery box lottery, with a maximum prize of 888 USDT in cash; for a first exchange of 200 USDT, they will also receive an additional cash reward of 2 USDT and 1 chance to enter the mystery box lottery; users who accumulate a flash exchange trading volume of 1,000 USDT can claim a cash reward of 20 USDT. The total prize pool for the event is 60,000 USDT, and rewards are available on a first-come, first-served basis.In addition, Gate will launch the fourth phase of the flash exchange regular investment benefits from July 3, 16:00 to July 17, 16:00 (UTC+8), where an individual can receive rewards worth up to 1,300 USDT. During the event, new users who complete their first flash exchange and successfully create a regular investment strategy with a successful deduction can receive up to 300 USDT in dual-currency financial experience; users who continuously complete flash exchanges and regular investment check-ins for 3 days and 7 days can receive 300 USDT and 600 USDT in dual-currency financial experience, respectively. At the same time, users who accumulate a regular investment trading volume of 100 USDT or an accumulated flash exchange trading volume of 500 USDT can share two prize pools of 10,000 USDT each based on their trading volume proportion, with a maximum of 400 USDT in dual-currency financial experience available per individual.

According to Jinshi, the number of people continuing to claim unemployment benefits in the United States for the week ending June 20 was 1.814 million, slightly higher than the market expectation of 1.81 million, with the previous value revised from 1.821 million to 1.812 million.

NextGen Venture (NDV) founder Jason Huang stated that the institution had previously successfully issued an early warning about the pullback risk of Strategy (MSTR), and is currently taking the opposite action by starting to include Circle (CRCL) on the watchlist, looking for opportunities amid pressured market sentiment.

According to The Block, Benchmark Equity Research maintains a Buy rating on Strategy and reiterates a target price of $570. This target price still has about a 515% upside compared to Strategy's closing price of $92.68 on Monday.Analyst Mark Palmer stated in the report that the digital credit capital framework launched by Strategy allows it to actively manage both ends of its capital structure based on market conditions, including repurchasing common and preferred stock when needed, selling Bitcoin to meet obligations, and suspending new issuances when the stock price is not at a premium.Palmer believes that this framework marks a shift for Strategy from a past focus on one-way issuance of securities to proactive two-way capital management. He stated, "This is a significant positive for shareholders."The report also noted that this framework addresses market concerns about dilution and enhances flexibility through a structured repurchase plan. Palmer also believes that the authorization to sell up to $1.25 billion worth of Bitcoin is negligible compared to Strategy's reserve of approximately 847,000 BTC.

According to Jinshi, the number of people continuing to apply for unemployment benefits in the United States for the week ending June 13 was 1.821 million, exceeding the market expectation of 1.8 million, with the previous value revised from 1.81 million to 1.8 million.