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In a 90-minute interview with The Economist, Elon Musk, the founder of Tesla and SpaceX, stated that artificial intelligence could surpass human intelligence levels within the next five years and predicted that in about ten years, AI and robotics might drive the world into a "highly affluent era." Musk believes that once AI systems and robots possess sufficiently powerful digital intelligence and production capabilities, the global economy could approach a state of "infinite supply," making human labor no longer a necessary condition for survival, and the importance of currency may gradually decline.He stated that in the future, if the number of robots is sufficient, society will have a "quasi-infinite economy," where artificial intelligence can produce goods and services that exceed human consumption capacity. He even predicted that by around 2036, the importance of the traditional currency system might significantly decrease. Regarding future economic operating models, Musk mentioned that governments might maintain social operations by directly distributing funds to the public and believes that the productivity improvements brought by AI could lead to deflation rather than inflation.However, regarding issues such as corporate profit models, government fiscal sources, and social transformation, Musk acknowledged that the economic structure in the age of artificial intelligence might differ greatly from traditional economic laws. Additionally, Musk discussed the integration of AI with space development. He indicated that in the future, data centers deployed in space might be used to support AI computing and reiterated the long-term plan for human exploration of Mars. In the interview, Musk also reflected on his previous involvement in the Trump administration's "Department of Government Efficiency" (DOGE). He admitted that he had invested too much energy in the political arena, "got a bit sidetracked," and stated that if he could choose again, he might spend more time on his own companies.

According to the Bitwise "Q3 2026 Staking Report," Q2 2026 presents a divergent pattern of "increased on-chain activity and decreased fee revenue," with the core driving factor being various protocols actively reducing block space costs.In terms of core data across chains, Ethereum's active staking volume reached a historic high of 40.2 million ETH (accounting for 33% of the total supply), while network revenue decreased by 51% year-on-year to $64 million, although it rebounded in ETH terms quarter-on-quarter; Solana's Q2 Real Economic Value (REV) dropped to $51 million, significantly down from the peak of $812 million in Q1 2025, but non-voting transaction volume reached 9.8 billion, maintaining resilience in on-chain activity; Hyperliquid's Q2 total protocol revenue was $174.8 million, with perpetual contract trading volume reaching $65.2 billion, and the proportion of non-crypto assets (commodities, stock indices, etc.) rose to 32%; Avalanche C chain's transaction volume grew approximately fourfold year-on-year to 236 million transactions, but network revenue plummeted due to a significant drop in fees, leaving only $330,000; NEAR saw a dramatic 75% drop in on-chain transaction volume to 77.7 million transactions due to the collapse of Kai-Ching application activity, but the Intents execution layer generated fees approximately 68 times that of the base chain.In terms of institutional adoption, BlackRock launched an Ethereum staking ETF (ETHB), Coinbase and Circle each staked 500,000 HYPE, and Bitwise, 21Shares, and Grayscale successively launched HYPE spot ETFs. Additionally, the stablecoin payment chain Tempo, incubated by Stripe and Paradigm, processed $386 million in transfers in its first quarter, while the global payroll platform Deel distributed approximately $30 million to 7,200 contractors through this chain.

According to Jinshi reports, the European Central Bank has kept the deposit facility rate unchanged at 2.25%, in line with market expectations, while the main refinancing rate and the marginal lending rate remain unchanged at 2.40% and 2.65%, respectively.

According to Gate market data, Tesla's stock price fell by 5% in after-hours trading. Musk stated that expanding the production capacity of the Optimus robot will face difficulties.

Fox Business crypto reporter posted on the X platform stating that the bill outlines the rules for handling digital assets in the event of bankruptcy of exchanges or custodians.The bill helps ensure that customer assets receive the same protection as traditional financial assets and remain the property of the customers, rather than becoming part of the company's bankruptcy estate. This could help prevent a situation similar to FTX from occurring again.

According to Gate market data, after falling for seven consecutive trading days, SpaceX's stock price rose by 7.6%.

Changxin Technology announced that the results of the company's initial public offering and listing on the Sci-Tech Innovation Board have been released. The issuance price is 8.66 yuan per share, with an initial number of shares issued being 6.688 billion shares, accounting for approximately 10% of the total share capital after issuance.The final strategic placement quantity is 1.667 billion shares, and the final online issuance winning rate is approximately 0.47141739%. Online investors subscribed for 3.845 billion shares and abandoned subscriptions for 6.5862 million shares; offline investors subscribed for 2.173 billion shares and abandoned subscriptions for 31,567 shares.The joint lead underwriters underwrote 6.6178 million shares, with an underwriting amount of 57.3101 million yuan. Before the exercise of the over-allotment option, the issuance costs amounted to 281 million yuan.

According to BIT Official analysis, Ethereum's market dominance has climbed back above the psychological key level of 10%, and historical data shows that this signal is usually accompanied by a bullish market.In the long term, the "Lean Ethereum" roadmap plans to complete seven consecutive upgrades by 2029, aiming to create a high-speed settlement layer that includes faster final confirmation speeds, quantum-resistant cryptography, and native privacy features across the network.

According to SoSoValue data, the cryptocurrency market sector has generally rebounded, with the DeFi sector performing outstandingly, rising 2.28% in 24 hours. Among them, Hyperliquid (HYPE) increased by 3.55%, DeXe (DEXE), Uniswap (UNI), and Lido DAO (LDO) rose by 4.96%, 5.32%, and 11.80% respectively. At the same time, Bitcoin (BTC) rose by 0.80%, breaking through $65,000; Ethereum (ETH) increased by 1.88%, surpassing $1,900.In other sectors, the RWA sector rose by 2.02% in 24 hours, with Maple Finance (SYRUP) increasing by 6.13%; the PayFi sector rose by 1.00%, with Telcoin (TEL) increasing by 2.62%; the Layer1 sector rose by 0.62%, with NEAR Protocol (NEAR) increasing by 4.40%; the CeFi sector rose by 0.22%, with NEXO (NEXO) increasing by 1.85%; the Meme sector rose by 0.17%, with Bonk (BONK) increasing by 15.22%; the Layer2 sector rose by 0.04%, with Arbitrum (ARB) increasing by 2.14%.Only the SocialFi sector slightly declined by 0.96%, with Gram (GRAM) decreasing by 0.76%, but Chiliz (CHZ) rose by 3.06%.The cryptocurrency sector indices reflecting historical market trends show that the ssiDeFi, ssiRWA, and ssiDePIN indices rose by 2.38%, 2.14%, and 1.59% respectively.

According to Jinshi reports, Capital Economics strategist Thomas Mathews stated in a report that gold still holds value as a hedge against a sharp decline in the stock market. Recently, gold's performance has resembled that of a "risk" asset, with its price volatility comparable to that of the benchmark S&P 500 index.Although gold performed poorly during the Middle East conflict, its connection with real bond yields remains intact, and a decline in real yields is expected to boost gold.

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 The Block, U.S. regulators failed to issue the final rules necessary to implement the federal stablecoin framework within the one-year deadline set by the GENIUS Act. This act was signed into law by Trump on July 18, 2025, requiring the OCC, the Federal Reserve, the FDIC, the NCUA, the U.S. Department of the Treasury, and state stablecoin regulatory agencies to complete the supporting rulemaking by no later than July 18, 2026.As of the afternoon of July 18 local time, the main rule proposals released by the OCC, FDIC, NCUA, and the Treasury remain in the proposal stage, with some rules related to the Federal Reserve and anti-money laundering regulation still open for public comment. The report notes that the act does not stipulate that missing the deadline will automatically extend it, nor does it suspend the relevant statutory requirements or delay the overall framework's effectiveness.Among them, the OCC's comprehensive implementation proposal covers reserve assets, capital, liquidity, custody, risk control, and reporting requirements; the FDIC's proposal involves reserves, redemption, custody, and the deposit insurance treatment of stablecoin reserves; the NCUA proposed licensing and operational risk control plans in February and May, respectively, but the comment period for the latter only ended the day before the deadline, making it objectively impossible to complete formal rulemaking before the statutory deadline. The report indicates that this means that some key rules necessary for the operation of the stablecoin framework will not be finalized until at least after the deadline.

ARK Invest released the Q2 2026 Bitcoin report stating that Bitcoin fell by about 14% in the second quarter, dropping below the realized price for short-term holders, the 200-day moving average, and the on-chain average, with the technical outlook remaining bearish. However, the proportion of loss supply rose to about 54%, and the supply of long-term holders increased to a historical high of about 14.85 million BTC, which ARK views as a potential signal of seller exhaustion.The report also pointed out that Bitcoin has not yet fallen back to the on-chain cost range of about $49,000 to $53,000, and the downside risk has not been fully released; the net outflow of the U.S. spot Bitcoin ETF in Q2 was about 71,000 BTC, and the preferred stock of Strategy, STRC, fell to a minimum of $74.57.

The latest research from the Cambridge Centre for Alternative Finance shows that approximately 31% of Ethereum node activity is located in the United States, with about 39% distributed in the EU region excluding the UK, indicating that the geographical distribution of Ethereum nodes is still relatively concentrated in Western countries. The research leader, Alexander Neumuller, stated that the current node distribution is not concentrated in a single country but primarily relies on a few cloud service providers, including Hetzner, Amazon AWS, and OVH.It is noteworthy that the Ethereum network does not require half of the validators to fail for issues to arise; when more than one-third of validators go offline simultaneously, the network may be unable to complete the finalization of block checkpoints. Neumuller pointed out that nodes and validators do not have a one-to-one correspondence; a single node may run multiple validators, making it currently impossible to accurately assess the actual impact of a specific node or service provider failure on the validation network. Additionally, the research reassessed the energy consumption situation after Ethereum's Merge. The data shows that Ethereum's current annual energy consumption is approximately 7.9 GWh, equivalent to about 1 megawatt of continuous power, which is only about 0.02% of the pre-Merge level, with energy consumption decreasing by approximately 99.98%. Currently, the proportion of sustainable energy used by the Ethereum network exceeds 56%, higher than the global average. The research also pointed out that the concentration of client software is another potential risk; if a dominant client has a vulnerability, it could affect a large number of network participants. The report was published by the Cambridge Centre for Alternative Finance, with support from the Ethereum Foundation.

According to the latest report released by market research firm Counterpoint Research, Chinese memory chip giant Changxin Technology (CXMT) currently holds a 9% share of the global DRAM market (by bit shipments), and this figure is expected to rise to 11% by 2028 (with a revenue share of 9%). The report indicates that Changxin Technology is transitioning from an industry "challenger" to a "strategic player," with a long-term goal of achieving a bit shipment share of 20% and a revenue share of 15% by 2035.However, the report emphasizes that to truly establish a foothold in the global memory market and join the ranks of the "big three DRAM manufacturers," Changxin Technology must cross the global market share threshold of 15% to 17% (about one-sixth). Historical experience shows that in 2008, Taiwanese DRAM manufacturers could not secure the massive funding needed for the research and development of the next generation of fabs after their market share fell below 15%, ultimately causing their market share to plummet to the edge of 3%. Therefore, the 15% share is seen as the core survival line for Changxin Technology to ensure sustainable development and self-sustaining capabilities in the medium to long term.To cross this threshold, Changxin Technology is leveraging newly raised funds to accelerate capacity expansion, planning to double its capacity by 2030 and triple it by 2035. Although facing external challenges such as U.S. equipment export controls and global supply chain access, analysts believe these restrictions may instead act as catalysts, forcing Changxin Technology to accelerate independent innovation in cutting-edge technologies such as Vertical Channel Transistors (VCT) and Wafer-on-Wafer bonding, thereby narrowing the gap with industry leaders.

Changxin Technology announced that, according to data provided by the Shanghai Stock Exchange, the number of valid subscription accounts for this online issuance is 9,428,778, with a total of 816,920,125,000 shares subscribed. The preliminary winning rate for the online issuance is 0.40995452%. The total number of allocation numbers is 1,633,840,250, with a number range from 100,000,000,000 to 101,633,840,249. After the adjustment mechanism is activated, the final winning rate for the online issuance is 0.47141739%.

Gate officially released the June 2026 Wealth Management Monthly Report, providing a comprehensive review of the June cryptocurrency market trends and the performance of platform wealth management products. The report shows that the cryptocurrency market continued its downward trend in June, with both BTC and ETH recording a monthly decline of about 20%. Market funds leaned more towards caution and risk aversion; the total market capitalization of the cryptocurrency market dropped from approximately $2.30 trillion to $2.17 trillion. Continuous outflows of institutional ETF funds weakened the marginal buying pressure on BTC and became one of the important factors for its breach of key support and the weakening of market sentiment, with overall risk appetite significantly cooling compared to the previous period.In terms of product performance, the overall scale of Yubi Treasure remained stable in June, fluctuating narrowly in the range of 1.5 to 1.6 billion USDT; the total issuance of GUSD decreased from about 191.9 million at the beginning of the month to about 182.3 million at the end of the month, with the annualized yield maintaining at 2.8% to 3.0%, reflecting strong stability. Among advanced products, the Gate dual-currency investment low-buy strategy with a 0-day term achieved an APY of 295%, significantly higher than the market average of 166%; the Gate quantitative fund continued to exhibit stable returns and low drawdown characteristics, with the "Interstellar Hedge (USDT)" cumulative return leading at 18.7%. With the acceleration of stock allocations following the listing of Korean stocks, by the end of June, Korean stocks accounted for about 75% of the overall holdings, with the top ten holdings focusing on global semiconductor and technology growth assets, with SK Hynix ranking first. The report suggests that in a volatile market, stable returns, quantitative strategies, and diversified asset allocation remain important directions for wealth management. Gate will continue to provide users with multi-layered asset allocation and yield enhancement tools to help investors seize structural opportunities and improve asset management efficiency in a volatile market.