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Binance founder CZ recently posted on social media that artificial intelligence (AI) and Bitcoin (BTC) serve different functions; AI drives productivity improvements, while Bitcoin is used to combat inflation and protect wealth. CZ stated, "AI is great, but it cannot protect you from the effects of inflation; Bitcoin can."CZ believes that the market often views AI and Bitcoin as two major hot investment themes, but their natures are fundamentally different. AI is a technology that enhances business efficiency and economic productivity, while Bitcoin is a digital asset with a fixed supply. He pointed out that the AI industry is rapidly developing, with global companies continuously investing billions of dollars in AI software, data centers, chips, and other infrastructure, driving transformations in various sectors such as healthcare, finance, and manufacturing. However, AI companies can issue more shares and raise funds for expansion, and their investment value still depends on business performance and market competition. In contrast, Bitcoin has a total fixed supply of 21 million coins, and holders possess a non-dilutable scarce asset. CZ believes this characteristic gives Bitcoin long-term value storage properties, providing protection when the purchasing power of fiat currency declines due to inflation.CZ has also previously stated that the AI boom may attract some funds that would have originally flowed into the Bitcoin market. As AI companies like OpenAI and Anthropic gain more capital attention, some investors may sell other assets to allocate to AI-related investments. However, CZ believes that AI and Bitcoin are not in competition; rather, they should be viewed as complementary assets: AI drives technological advancement and productivity improvements, while Bitcoin offers a way to store value that is unaffected by supply expansion.

According to Bitcoin.com, U.S. Senator Cynthia Lummis stated that the CLARITY Act will change the way customer crypto assets are handled when digital asset platforms enter bankruptcy proceedings; customer assets should continue to belong to the customers, rather than being included in the company's bankruptcy estate.The bill requires regulated digital asset intermediaries to treat customer cash and digital assets as customer property and to segregate them from company property. The bill also generally prohibits brokers, dealers, and exchanges from using customer assets for their own or others' benefit without authorization.The bankruptcies of Celsius and Voyager sparked disputes over the ownership of customer deposits. In January 2023, U.S. Bankruptcy Judge Martin Glenn ruled that the cryptocurrency deposited in Celsius Earn accounts became company property under the terms of use, involving approximately 600,000 Earn accounts and about $4.2 billion in assets.Lummis stated that the CLARITY Act also aims to provide regulatory certainty for developers, enhance investor protection, and improve market integrity. The bill will clarify the responsibilities of the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) in different areas of the crypto market, and it has already passed the House of Representatives but has not yet passed the Senate.

According to on-chain analyst @ai_9684xtpa, the address starting with 0xf29 has increased its TWAP short order for Changxin Storage (CXMT) to 310,000 shares, with a total value of approximately 3.78 million USD if fully executed.Currently, this address has opened a 254,000 share 1x short position for CXMT at a price of 6.8123 USD, valued at approximately 1.7 million USD. Adding the cumulative 310,000 shares in the TWAP order, the total value will approach the current maximum short position for CXMT on Hyperliquid.

According to an official announcement from Zilliqa, the project team has learned that a security incident occurred with one of its exchange partners, resulting in the theft of some ZIL from cold wallets. The incident is currently under joint investigation by various parties, and the specific scale and cause of the theft have not yet been disclosed.As a precautionary measure, Zilliqa has notified all exchanges to temporarily suspend ZIL deposits and withdrawals to prevent the stolen funds from being transferred or sold through centralized platforms. The team stated that further updates will be released once they have accurate information and reminded users to only pay attention to official channels.

According to data from DefiLlama, Gate has seen a net inflow of over 64.55 million USD in the past 7 days, ranking first among global centralized exchanges.

According to the ranking data from RootData on stock derivatives exchanges, as of the time of writing, MEXC has the largest spread among the top ten exchanges, reaching 1.35%.The current top three rankings are Binance, Bitget, and Bybit. Among them, Binance has a score of 92 and a spread of 0.021%; Bitget has a score of 90.6 and a spread of 0.053%; Bybit has a score of 90.3 and a spread of 0.124%.

According to Jinshi reports, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in July is 85.6%, while the probability of a cumulative increase of 25 basis points is 14.4%. By September, the probability of keeping interest rates unchanged is 38.5%, the probability of a cumulative increase of 25 basis points is 53.5%, and the probability of a cumulative increase of 50 basis points is 7.9%.

According to monitoring by Onchain Lens, a smart trading wallet with a size of approximately 15 million USD deposited 5 million USD into Hyperliquid today, and then opened a short position of 634,000 CXMT, valued at approximately 432,000 USD.Data shows that this address is positioning itself for a bearish trade on CXMT.

Michael Saylor, the founder and executive chairman of Bitcoin Strategy Company, has once again released information related to the Bitcoin Tracker and stated, "What's next?"According to previous patterns, Strategy usually discloses changes in Bitcoin holdings the day after relevant news is released.

CryptoQuant analyst Darkfost stated that data shows Bitcoin is currently building significant support in the range of $59,000 to $70,000, which has also become one of the most fiercely defended price ranges in Bitcoin's history.Currently, about 50% of the total Bitcoin supply has changed hands above $59,000. If we exclude millions of Bitcoins that are considered permanently lost, this percentage will increase further. The main drivers of this round of turnover are short-term holders, and the behavior of market participants is becoming polarized, with some investors choosing to panic sell while others continue to accumulate.

According to on-chain analyst Ai Yi's monitoring, a certain address opened a $2.155 million short position on Changxin Storage TWAP. If fully executed, it will become the second largest position in Hyperliquid CXMT. The TWAP size is 300,000 CXMT, with an opening average price of $7.1825, and currently 1.14% has been executed, with an account margin of $15 million.

According to Changxin Technology's announcement, the preliminary offline allocation results and online winning results for the company's initial public offering and listing on the Sci-Tech Innovation Board have been announced. The issuance price is 8.66 yuan per share, with an initial number of shares issued of approximately 6.688 billion shares, and there are a total of 7,702,207 winning numbers. Each winning number can only purchase 500 shares of Changxin Technology A-shares.

According to the announcement disclosed by Changxin Technology, the issuer and the joint lead underwriters will hold the online subscription lottery ceremony for this issuance on July 17 (T+1 day) morning, and the results of the online lottery will be announced on the Shanghai Stock Exchange website on July 20 (T+2 day). Changxin Technology reminds investors to pay special attention to the payment process of this issuance and to fulfill their payment obligations in a timely manner on July 20 (T+2 day).Offline investors should refer to the "Announcement of the Preliminary Offline Allocation Results and Online Lottery Results" on July 20 (T+2 day) and pay the new share purchase funds in full and on time according to the final determined issuance price of 8.66 yuan/share and the allocated quantity. The purchase funds should be received by 16:00 on July 20 (T+2 day).

According to South Korean media Digital Asset, the total trading volume of the top 5 digital asset exchanges in South Korea dropped to approximately 8.06 trillion won from 2 PM on July 9 to 2 PM on July 16, further declining from the previous week and reaching the lowest level in nearly 3 years and 2 months.Data shows that the weekly trading volume of the top 5 exchanges in South Korea has been declining for several weeks, dropping from 17.7 trillion won from June 5 to June 12, to 15.4 trillion won, 14.6 trillion won, 13.4 trillion won, and 9.97 trillion won, with the latest week further falling to 8.06 trillion won, the lowest since 8.44 trillion won recorded from May 11 to May 18, 2023.In terms of exchange market share, the rankings have not changed, with Upbit continuing to hold the top position at 63.57%, but down 0.63 percentage points from the previous week; Bithumb rose to 29.18%, Coinone rose to 6.41%, while Korbit and Gopax accounted for 0.76% and 0.07%, respectively.

According to The Defiant, Coinbase CEO Brian Armstrong has changed his X platform avatar to a newly purchased CryptoPunk, after which the meme coin BRIAN, driven by the change in his avatar, significantly retraced. In the past 24 hours, the market capitalization of this token has dropped by about 86%, falling to approximately $1.5 million; during the same period, its trading volume in about 30 Uniswap liquidity pools was approximately $13.2 million, with total liquidity around $561,000.The report pointed out that Brian Armstrong had changed his X avatar to the "Coinbase Man" image corresponding to BRIAN on July 16, and posted "New profile photo - who dis," which the market initially interpreted as a signal of interest in the token, driving BRIAN to rise rapidly. The report emphasized that BRIAN is a community-created token, and Brian Armstrong is not the issuer and has not claimed any official association with it.

The issuer of USDH, Native Markets, announced that the USDH official website exchange portal has been discontinued. After the portal is disabled, the USDH exchange service will be migrated to the official Bridge channels. In the coming months, Bridge will continue to provide 1:1 redemption and exchange services for USDH, but users will need to complete a separate account registration and access process on the Bridge platform.

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged in July is 85.6%, while the probability of a cumulative rate hike of 25 basis points is 14.4%. By September, the probability of keeping interest rates unchanged is 41.4%, the probability of a cumulative rate hike of 25 basis points is 51.2%, and the probability of a cumulative rate hike of 50 basis points is 7.5%.

According to the official announcement, Binance has announced that it will gradually launch Aerodrome (AERO) to SimpleEarn flexible products, the "Buy Crypto" page, Binance Instant Exchange, Binance Leverage (cross margin and isolated margin), and VIP lending starting from July 17, 2026, at 16:00 (UTC). Users can instantly purchase AERO through VISA, MasterCard, and other methods, and use AERO in the instant exchange, leverage, and lending features. Related services will be available within one hour after the AERO spot launch.

According to Bloomberg, optical module company Zhongji Innolight Co. has received approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange to plan for a listing in Hong Kong, which is expected to become one of the largest IPOs in the Hong Kong market in recent years.It is reported that Zhongji Innolight received approval for its Hong Kong listing plan from Chinese securities regulators on July 17, having previously obtained listing permission from the Hong Kong Stock Exchange.If the listing is successfully completed, the company is expected to raise up to $8 billion, making it one of the most watched new stock projects in the Hong Kong capital market in recent years. Zhongji Innolight is primarily engaged in the research and manufacturing of high-speed optical communication modules, benefiting from the global wave of AI data center construction, with rapidly growing demand for 800G and 1.6T high-speed optical modules.The market believes that this listing in Hong Kong will further enhance the company's international capital influence and provide financial support for expanding its global AI infrastructure supply chain layout.