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According to Jinshi reports, Iain Simmons, an analyst at the Oxford Economic Institute, stated that the inflation rate in the Eurozone remains above target levels and faces significant risks in the future. Due to the escalating situation in the Middle East leading to high energy prices, the overall inflation rate rose by 0.1 percentage points in July, reaching 2.9%. He pointed out that since the breakdown of the Iran ceasefire agreement, the risk of broader inflationary impacts has significantly increased, which strengthens the case for an interest rate hike in September.Nevertheless, the inflation data shows a relatively mild response to the escalating situation in the Middle East, and the second round of wage effects later this year may be limited.

Chief Economist of Bitfire Group, Fu Peng, stated that the AI industry is currently in a transitional period from the midstream to the downstream. The infrastructure layer, represented by Nvidia, has entered a mature stage, displaying characteristics of established stocks. However, the downstream application layer has yet to see a milestone breakthrough similar to ChatGPT. The next 10 to 18 months will be a transitional period for the industry cycle. He indicated that the competition in the second half of AI will no longer be about the story of repeatedly burning money to build infrastructure, but rather whether AI, as an efficiency tool, can generate stable payments, profits, and diffusion after entering real industries.He also mentioned that current market funds are following a logic of narrowing focus, prioritizing the elimination of speculative assets that are peripheral, highly elastic, and lack cash flow support, while continuously concentrating on the most core and highest certainty targets. Pure liquidity assets at the denominator end, such as Bitcoin, often digest valuation pressure before traditional stock markets.He further noted that DRAM and HBM storage are ultimately commodities, subject to the laws of commodity cycles. When the industry fundamentals are extremely certain and volatility drops to very low levels, the excessive accumulation of off-market financial leverage often becomes an invisible killer that triggers a sharp decline. Even when a company's fundamentals are sound, prices can fluctuate dramatically during deleveraging.

According to Coindesk, JPMorgan Chase (JPM) stated that the decreased probability of the "Clarity Act" passing in the U.S. Senate this year poses a blow to the crypto market, and warned that further delays could undermine one of the industry's most important regulatory catalysts. JPMorgan noted that, due to the Senate prioritizing other bills before the summer recess, the market currently predicts that the probability of this bill passing before the end of the year is only 37%. Negotiations regarding ethical clauses, enforcement, DeFi, stablecoin yields, and anti-money laundering rules remain stalled.

Recently, market funds have continued to concentrate on high-growth assets, driving multiple popular targets in the Gate platform's gStocks sector to strengthen collectively. According to the latest data from Gate, the AI giant PLTRG/USDT (Palantir Technologies) leads with a 24-hour increase of 5.49%, currently priced at $131.02.At the same time, consumer and financial giants are also performing strongly. COSTG/USDT (Costco) is currently priced at $955.75, up 2.36% in 24 hours; VG/USDT (Visa) is currently priced at $363.28, up 2.30% in 24 hours; WMTG/USDT (Walmart) is currently priced at $112.42, up 2.23% in 24 hours.Gate gStocks adopts a 1:1 full native stock reserve mechanism, where each tokenized security corresponds to an equal number of native stocks as underlying asset support. It supports 24/7 trading, unified account management, and a minimum investment of 1 USDT with fractional share trading. Users can participate more flexibly in global popular stock investments, achieving a one-stop allocation of digital assets and traditional securities. As the ecosystem of tokenized securities continues to enrich, Gate gStocks will continue to expand more quality stocks and ETF targets, providing users with more diverse global asset allocation options.

According to Jinshi reports, Mabrouk Chetouane, the Global Market Strategy Director at Natixis Investment Management, stated in a report that Federal Reserve Chairman Waller is unlikely to challenge the current consensus at his second monetary policy committee meeting. Chetouane pointed out that Waller will not succumb to the temptation of a 25 basis point rate hike, although at this stage, it is almost impossible to bring inflation back to target levels by the end of the year.Analysts generally expect the Federal Reserve to remain on hold on Wednesday, but the money market reflects a 38% probability expectation of a rate hike.

Citrini analyst Jukan posted on social media that the news of China's progress in DUV lithography technology is not particularly surprising, as the market had already formed certain expectations. He pointed out that The Information's related report only cited a professor from a transportation university in China speaking at an internal meeting in June and did not disclose more substantial information. Jukan believes that the sell-off reaction seen in semiconductor equipment stocks like ASML is an overreaction to this news.According to previous reports, The Information cited sources saying that a state-owned enterprise supported by Chinese state capital has begun mass production of domestically developed DUV (Deep Ultraviolet) lithography manufacturing equipment, marking a key progress in the localization of China's semiconductor industry.Insiders stated that the enterprise plans to produce about 5 domestically made DUV lithography machines by 2026 and expand to about 20 machines by 2027. Although there is still a gap compared to the 131 immersion DUV lithography systems delivered by Dutch lithography giant ASML last year, the entry of domestic equipment into mass production is seen by the market as an important breakthrough in the localization of China's chip supply chain.

According to Jinshi, HSBC economist Paul Mackel stated in a report that unless the Federal Reserve unexpectedly raises interest rates, its decision this week may not provide a new catalyst for the dollar to rise.Federal Reserve Chairman Waller acknowledged that inflation is above target and expressed a commitment to price stability. He pointed out that if this week's meeting only aligns with these views, the dollar is unlikely to rise significantly, as the market has already prepared for interest rate hikes later this year.

Jiang Zhuoer posted on platform X: "Changxin Storage is likely to open high, surge, and then fall back, with the first day being the historical highest price. If you want to buy Changxin in the A-shares, make sure Hyperliquid funds are ready. The perfect script is to buy at the A-share opening, sell during the noon surge, and then sell A-shares the next day while buying back at Hype to settle."

Crypto KOL Phyrex posted on platform X, stating, "BitMart and BitMex did not close due to a collapse; it is very different from the sacrifice of FTX. These two primarily faced business issues."According to him, in 2023, BitMart had approached his associates about an acquisition, and they had done a lot of data analysis at the time, but it ultimately came to nothing. In fact, part of the decline of many third-tier exchanges is due to the impact from Binance Alpha.Small exchanges are essentially the stronghold of various altcoins, pump coins, Ponzi coins, and community coins, but the emergence of Alpha has provided better sources for these coins, which has also led to a significant reduction in listing fees for third-tier exchanges and a decrease in profits from joint market-making.Another reason is the signal teachers. In fact, the total number of signal teachers is not very large, but they have waves of associates. These teachers generally move between various exchanges, and once a new exchange offers better profits, these teachers quickly lead their followers to switch. The recent well-known cases of exchanges running away generally follow this pattern.

According to Business Insider, Musk reiterated and refined the timeline: within about 5 years, overall AI intelligence may surpass the total human intelligence; within about 10 years, humans are likely to no longer dominate (the intelligence gap is far greater than that between chimpanzees and humans). He stated that AI can do better in almost all aspects except "being human" itself.Musk believes the most likely outcome of AI development is an "era of astonishing abundance," where robots + AI can produce goods and services far exceeding human consumption capacity, allowing anyone to have whatever they want. By around 2036, "money may no longer matter."He believes that the government could directly issue checks to the public (similar to universal basic income), as output surges, and deflation is more likely to occur rather than inflation; the traditional logic of taxation/re-distribution may fail under the new paradigm. He accepts that there is about a 10-20% risk of human extinction from AI, but believes that the momentum of development is unstoppable, having reached a "philosophical conclusion": if it cannot be stopped, then join in and "enjoy the journey."

According to CNBC, AMD has officially launched its first rack-scale AI system for artificial intelligence, Helios, which is seen as AMD's important product to compete with NVIDIA's Grace Blackwell and Vera Rubin AI systems. It has been adopted by enterprise customers such as Microsoft, Meta, OpenAI, and Oracle, attempting to initiate more direct competition with NVIDIA in the AI infrastructure market.Microsoft announced that it will deploy the AMD Helios system in its Azure data centers, becoming the latest customer to adopt this platform. AMD stated that Helios is expected to start delivering to customers later this year and will be used to support cutting-edge AI model inference, Azure AI services, and enterprise-level AI applications.Market analysis firm Futurum Group data shows that NVIDIA currently holds over 95% of the data center GPU market share, while AMD accounts for about 4.5%. Analysts believe that if Helios is deployed successfully, AMD has the opportunity to capture 20%-25% of the market share in the future, corresponding to a potential market space worth hundreds of billions of dollars.

Tom Lee stated that as AI "bottleneck" related stocks adjust, AI downstream assets are strengthening, including SMH, DRAM, MAGS, IGV, as well as AI downstream related ETHA and Ethereum ETH.He pointed out that over the past month, Ethereum has outperformed DRAM by about 5,500 basis points, or 55%.

David Hoffman, co-founder of Bankless, stated that Bitcoin's current trend faces two possible paths: sideways consolidation or a final round of panic selling.He believes that Bitcoin is more likely to enter a sideways consolidation phase, with the bottom having basically appeared.

U.S. asset management giant T. Rowe Price announced the launch of an actively managed cryptocurrency ETF $TKNZ, providing investors with exposure to various digital assets. The ETF portfolio includes cryptocurrencies such as Bitcoin ($BTC), Ethereum ($ETH), XRP ($XRP), Solana ($SOL), and Hyperliquid ($HYPE).Unlike traditional passive cryptocurrency ETFs, TKNZ employs an active management strategy, allowing fund managers to dynamically adjust the asset allocation based on market conditions, asset performance, and risk factors, aiming to capture opportunities in the digital asset market and control volatility risk. T. Rowe Price's entry into the actively managed cryptocurrency ETF space further reflects that large asset management firms on Wall Street are accelerating their layout of digital asset investment products. As spot Bitcoin and Ethereum ETFs gain market recognition, the demand from institutional investors for multi-asset cryptocurrency investment tools is continuing to rise.

Ripple's Co-Head of Global Public Policy and Government Affairs, Lauren Belive, stated that opposing the CLARITY Act is not against the crypto industry, but rather against consumers, as it will leave crypto holders exposed to bad actors exploiting regulatory arbitrage. Belive noted that the U.S. digital asset market already exists, but federal rules to protect consumers have not kept pace. She pointed out that the regulatory gap that led to the FTX collapse and customer fund losses still exists.Belive stated that the CLARITY Act would grant the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) clear joint jurisdiction over the digital asset market and require tokens to undergo regulatory oversight before entering the market. Ripple's Chief Legal Officer and President of the National Cryptocurrency Association, Stuart Alderoty, stated that opposing the CLARITY Act would allow the current unregulated status to continue, which would be exploited by bad actors.

According to Jinshi reports, Dongfang Jincheng released a research report stating that driven by the renewed escalation of geopolitical risks, the 10-year U.S. Treasury yield is expected to show a fluctuating upward trend. Considering the escalation of tensions between the U.S. and Iran and Iran's announcement to close the Strait of Hormuz, international oil prices are expected to rise, boosting market inflation and interest rate hike expectations.In addition, Federal Reserve Chairman Waller will attend a congressional hearing this week, and his testimony is expected to have a hawkish tone, conveying signals to control inflation, thereby raising real interest rates. Overall, the central tendency of the 10-year U.S. Treasury yield is likely to continue to rise.

On July 13, according to WEEX TradFi data, the three major U.S. stock indices slightly rose last Friday, oil prices remained strong, and precious metals were generally weak. The market will focus this week on the U.S. June CPI, bank earnings reports, developments in the U.S.-Iran situation, and related dynamics from the Federal Reserve.Key events include: the release of the U.S. June CPI on Tuesday, where core inflation data may impact expectations for Federal Reserve rate cuts, while major banks like JPMorgan will successively disclose their earnings reports; on Thursday, TSMC will announce its latest performance, and AI computing power-related guidance may continue to influence sentiment in the semiconductor sector. WEEX Labs believes that the CPI data and corporate earnings reports will jointly affect the market's pricing of inflation stickiness and AI capital expenditures. Funds may continue to rotate around interest rate-sensitive assets and the AI infrastructure sector. Investors need to pay attention to macro data and the outcomes of events and participate in the market rationally.

Offchain Labs co-founder Steven Goldfeder posted on the X platform that as enterprise adoption accelerates, Arbitrum is ready to capture revenue. 10% of the fees collected by Robinhood Chain and all other Arbitrum L2s will flow into the Arbitrum ecosystem—8% will go into a treasury controlled by token holders, and 2% will be used to fund development.100% of the fees collected on Arbitrum One will be allocated to the Arbitrum treasury. According to previous reports, Robinhood Chain is an Ethereum Layer 2 network built on the Arbitrum tech stack.