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According to Jinshi, the Japanese government on Thursday lowered its economic growth forecast for the current fiscal year due to rising oil prices caused by tensions in the Middle East, which are squeezing household spending and corporate profits. The inflation-adjusted GDP growth rate is expected to be 0.9% for the fiscal year ending March 2027, down from the 1.3% forecast in January. However, the economic growth rate for the next fiscal year is expected to accelerate to 1.1%.

The U.S. District Court for the Eastern District of Wisconsin dismissed the CFTC's request for a preliminary injunction to prohibit Wisconsin from enforcing sports-related event contracts on platforms such as Kalshi, Coinbase, Robinhood, Polymarket, and Crypto.com. The court found that the CFTC failed to demonstrate a likelihood of success on its claim—that the Commodity Exchange Act (CEA) defines "swaps" to include sports event contracts—and that gambling regulation falls within the traditional police powers of the states, with federal law not clearly indicating an intent to preempt state law.Additionally, the court also denied the intervention requests from Kalshi, Crypto.com Derivatives North America (CDNA), and the American Gaming Association (AGA). The substantive litigation between the CFTC and the state of Wisconsin will continue to proceed.

According to reporter Eleanor Terrett, Binance.US CEO Stevie Satoshi revealed at the RareEvo conference that the company plans to apply for Designated Contract Market (DCM) status with the Commodity Futures Trading Commission (CFTC) next month, aiming to provide users with prediction market services.

According to the official report from Ostium, the core of this attack lies in the intrusion of the off-chain price reporting system's permissions, unrelated to smart contract vulnerabilities. After gaining off-chain authorization, the attacker submitted forged prices (5,000 USD and 60,000 USD) to the BTC-USD market using the legally registered forwarding paths of the protocol, completing an atomic open-close arbitrage cycle within the same transaction, and starting with a rolling scale of 100 USDC. Through 8 transactions, they extracted 23.75 million USDC from the OLP treasury within 5 minutes, until the treasury's circuit breaker mechanism was triggered.The root cause is the lack of a multi-party approval mechanism at the same level as on-chain multi-signature in the off-chain infrastructure, creating a single point of permission vulnerability. The stolen funds have been converted to ETH and mixed through Tornado Cash, and tracking efforts are still ongoing.

Arm released its financial report for the first quarter of fiscal year 2027, with revenue of $1.29 billion, a year-on-year increase of 22%, exceeding the market expectation of $1.26 billion; adjusted earnings per share of $0.45, a year-on-year increase of 29%, surpassing the expected $0.40; adjusted net profit of $480 million, a year-on-year increase of 28%. Licensing revenue was $574 million, a year-on-year increase of 23%; royalty revenue was $715 million, a year-on-year increase of 22%, with data center royalty revenue more than doubling year-on-year.The AI and data center business is showing strong momentum. Since the launch of the Arm AGI CPU in March, customer demand has grown from an initial expected order of about $1 billion to over $2 billion. Cumulative shipments of Arm Neoverse data center processors have exceeded 1.5 billion cores, with the latest 500 million completed in just 9 months. NVIDIA Vera has fully entered production, and AWS has reached a multi-year agreement with Meta to deploy tens of millions of Graviton5 cores. Qualcomm announced plans to launch the Arm-based data center CPU Dragonfly C1000.Revenue guidance for the second quarter is approximately $1.38 billion, with adjusted earnings per share of about $0.47, both above market average expectations but below some optimistic forecasts. The company stated that the growth of smart mobile royalty revenue will slow, and after-hours stock prices fell by about 7% at one point.

Microsoft released its Q4 fiscal year 2026 financial report, with revenue of $90 billion, a year-on-year increase of 18%, exceeding market expectations of $87.7 billion; adjusted earnings per share of $4.74, a year-on-year increase of 23%, which is 11.5% higher than expected; operating profit of $40.6 billion, a year-on-year increase of 18%. Intelligent cloud revenue was $39.3 billion, a year-on-year increase of 32%, with Azure and other cloud services revenue growing by 43%, significantly higher than the market expectation of 39.6%. Total revenue from Microsoft Cloud was $59.3 billion, a year-on-year increase of 27%. CEO Satya Nadella disclosed that Azure's annual revenue has surpassed $100 billion for the first time, and paid users of Microsoft 365 Copilot exceeded 30 million.In terms of capital expenditure, the fourth quarter's property and equipment acquisition expenditure was $35.8 billion, a year-on-year increase of approximately 110%; total capital expenditure including finance leases was $41 billion, a year-on-year increase of 70%, but lower than the market expectation of $42.5 billion. The remaining performance obligations (RPO) for cloud business surged 84% year-on-year to $678 billion, about twice the annual revenue. Microsoft disclosed in a regulatory filing that new unexecuted data center lease commitments in the fourth quarter exceeded $130 billion, with the total unexecuted lease commitments increasing by 67.4% quarter-on-quarter to $329.1 billion. Annual revenue was $331.8 billion, a year-on-year increase of 18%; net profit was $133.7 billion, a year-on-year increase of 31% (GAAP).

According to Jinshi, foreign investment in Japanese stocks reached 912.1 billion yen for the week ending July 24, with the previous value revised from -79.6 billion yen to -81.9 billion yen.

According to Jinshi reports, Meta Platforms CFO stated that the overall computing power in the industry will remain tight in the foreseeable future.

According to Jinshi reports, the CEO of Meta Platforms stated that Meta is developing a new personal assistant, which will serve as the foundation for the next wave of products.

According to Jinshi, Meta Platforms expects third-quarter revenue to be between $61 billion and $64 billion, with analysts estimating it at $63.17 billion.

According to Jinshi reports, SpaceX has obtained a $1.6 billion contract from the U.S. Space Force to carry out 18 Falcon 9 launch missions for launching military-guided satellites.

According to Jinshi reports, the Federal Reserve FOMC statement indicated that productivity growth and capital investment performed strongly.

According to Jinshi reports, the Federal Reserve reiterated in the FOMC statement that employment growth is in sync with the labor force.

According to Gate market data, before the Federal Reserve's interest rate decision announcement, spot gold and spot silver hovered near their intraday highs, reported at $4,046 per ounce and $57.9 per ounce, respectively, while the dollar index DXY retreated to 101.32.

According to Jinshi reports, foreign media analysis states that U.S. President Trump is continuously pressuring the new Federal Reserve Chairman Waller to cut interest rates as soon as possible, but Wall Street investors are increasingly betting on the opposite outcome.The market generally expects that the Federal Reserve will maintain interest rates at its meeting on Wednesday. Trump has previously stated that interest rates should be lowered, but even if the Federal Reserve ultimately chooses to raise rates, Trump's criticism may not necessarily be directed at Waller.

According to Jinshi reports, OpenAI announced that it will provide free access to cutting-edge models for 100,000 researchers.

According to Jinshi reports, before the Federal Reserve announces its interest rate decision, the US dollar index remains flat; the uncertainty surrounding this decision is exceptionally high. Goldman Sachs economists expect the Federal Reserve to hold steady, but at least one vote is against and supports a rate hike. In a report, they stated that the energy price fluctuations caused by the war have cast a shadow over the outlook. Current market pricing shows that the probability of a rate hike today is about 30%. Goldman Sachs indicated that if the Federal Reserve maintains the interest rate today, the focus of the foreign exchange market will be on how much of the rate hike expectations reflected in prices will shift to subsequent meetings. Data from the CME shows that investors have priced in expectations for a rate hike in September.

According to TNW, the Cyberspace Administration of China has released a draft of regulations for combating cyberbullying and is seeking public feedback. The draft requires platforms to establish classifiers for detecting and categorizing online violence content, provide users with a "one-click protection" feature, and implement blacklist management and regular reporting mechanisms for violating accounts.Notably, the draft explicitly includes AI-generated deepfake images and synthetic harassment texts within the scope of regulation. The Q&A platform Zhihu has already responded by restricting the use of anonymous accounts.

According to The New York Times, the world's largest cryptocurrency exchange Binance quietly adjusted its law enforcement cooperation policy last April, requiring law enforcement agencies in various countries to forward relevant requests to foreign government agencies for processing, which must go through international treaty procedures, significantly extending the response time.Police representatives from five European countries reported at a law enforcement meeting in the Netherlands that, except for urgent cases involving child sexual abuse, terrorism, or threats to life, the vast majority of requests were forwarded to the UAE government, where Binance is registered, severely hindering investigations.Meanwhile, several senior employees from Binance's compliance team have left one after another, further intensifying external concerns. Binance denied slowing down cooperation, stating that this move aims to ensure compliance with data privacy regulations.