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A report jointly released by the Bitcoin collateral lending platform CoinRabbit and the computing power platform GoMining points out that managing Bitcoin is more important than mining it. As the block reward drops to 3.125 BTC and the overall network difficulty approaches historical highs, low electricity prices and high uptime only constitute a survival baseline. What truly differentiates mining companies is the method of handling Bitcoin after it is mined.The report suggests that mining companies are shifting from direct sales to collateralized lending to cover recurring expenses such as electricity, custody, and labor. This approach retains exposure to holding Bitcoin while generating cash flow, avoids taxable sales, and preserves the deduction space for operating expenses. The trade-off is that mining companies simultaneously bear the dual risks of price and liquidation when Bitcoin prices decline.Jeremy Dreier, Chief Business Development Officer of GoMining, stated that the miners who can succeed after the halving are those who operate efficiently and have set aside cash in advance for this purpose. The current decline in Bitcoin prices has actually lowered the cost of increasing computing power, creating a window of opportunity for investing in expanding mining machines.

Recently, market risk appetite has cooled, and high-valuation technology chip sectors are under significant pressure; in contrast, supported by expectations in infrastructure, manufacturing, and cyclical demand, industrial machinery-related assets have shown relative resilience. According to Gate platform data, ARM/USDT (Arm) is currently priced at $284.29, down 1.13% in the last 24 hours; CATG/USDT (Caterpillar) is currently priced at $892.11, up 0.16% in the last 24 hours; GEG/USDT (General Electric) is currently priced at $341.55, down 0.61% in the last 24 hours. In terms of performance, Caterpillar-related trading pairs have slightly strengthened, while Arm and General Electric-related trading pairs have fluctuated downwards, overall still showing a divergent pattern.

According to the official announcement, the UK-listed company The Smarter Web Company has repaid the Smarter Convert convertible notes two weeks early, paying approximately $11.6985 million to the TOBAM Group by selling 177.89 bitcoins (average price $65,762) to complete the repayment.The company's CEO stated that although they had previously recognized the flexibility of the structure, they currently do not consider it a suitable capital solution. After the repayment, the company holds 2,700 bitcoins. The related potential share issuance has been canceled.

According to Gelonghui, Atoms, a robotics company founded by Uber co-founder Travis Kalanick, has completed a $1.7 billion financing round led by Andreessen Horowitz (a16z), with Ben Horowitz joining the board. The equity investors in this round include Bain Capital, Fifth Wall, Chemistry, A*, K5 Global, Abstract, SV Angel, Alpha Square Group, and Uber.Horowitz focused the logic of this investment on specialized robots rather than humanoid robots. He pointed out that in heavy industry, specialized robots are much more suitable for completing most tasks than humanoid robots.

Hong Kong, July 23, 2026 - PhotonPay, a next-generation global financial operating system built on a stablecoin-native architecture, has been recognized in the CNBC 2026 World's Top Fintech Companies rankings, Payments category. The list, compiled jointly by CNBC and Statista, covers 500 leading fintech companies worldwide. PhotonPay supports unified fiat and stablecoin transactions with real-time settlement, serving tens of thousands of enterprises globally. Customers have reduced fund transfer costs by over 75% and improved finance team efficiency by 60% (as of December 2025).

The parent company of Kraken, Payward, has partnered with financial technology infrastructure provider GTN to promote the expansion of xStocks tokenization business into more overseas markets. The announcement stated that the two parties will first advance the tokenization of Hong Kong stocks, followed by expansion to the UK, Europe, South Korea, and other international markets, gradually covering more asset classes.According to the cooperation arrangement, GTN will provide execution, custody, and bookkeeping infrastructure covering over 90 markets, and will advance the necessary license applications in various locations. Once the relevant licenses are approved, tokenized xStocks will be opened to GTN's institutional clients.

Finance Minister Scott Bessent posted on the X platform, expressing support for open-source AI and the innovations it brings, but stated that open-source is not an excuse to arbitrarily infringe on U.S. intellectual property rights.If Chinese companies engage in secret, industrial-scale extraction attacks and cross the line into intellectual property theft, sanctions will be considered, and they will be placed on the entity list.

Artificial intelligence company World Labs, founded by Fei-Fei Li, announced the acquisition of robotics company SceniX, with the specific acquisition amount not disclosed. World Labs stated that robots are an important carrier for the implementation of spatial intelligence in the real world, and future robotic systems need to possess environmental perception, spatial understanding, behavioral reasoning, and reliable execution capabilities.After this acquisition, SceniX will be integrated into the World Labs team, and both parties plan to combine their respective strengths in spatial modeling and robotics technology to promote more application scenarios.

According to the Nikkei, Japan's revised Financial Instruments and Exchange Act was passed by a vote in the full session of the House of Councillors on July 15, officially bringing crypto assets (virtual currencies) under the regulatory framework for financial products.While the new law strengthens user protection, it requires exchanges to pay a liability reserve, and the industry generally expects this move to become an important catalyst for industry elimination and consolidation. Saito Masahiko, head of the Financial Services Agency's Market Division, clearly stated that the agency does not endorse crypto asset trading and makes no recommendations.

Gate gStocks' tokenized securities service has undergone a comprehensive upgrade, officially launching five major financial functions: collateralized borrowing, idle asset management, unified accounts, leveraged trading, and stock dividends, further expanding the integrated application scenarios of stock assets from trading, yield management to liquidity management.Currently, gStocks supports over 58 global tokenized securities, covering various assets such as U.S. stocks, Korean stocks, unlisted equity, and ETFs, and employs a 1:1 native stock reserve mechanism to provide users with a transparent and trustworthy asset holding experience. At the same time, gStocks supports 24/7 trading with a minimum investment of 1 USDT, lowering the participation threshold. After this functional upgrade, users can release liquidity through collateralized borrowing without having to sell their held gStocks assets; idle stock assets can also participate in yield management through idle asset management. In addition, gStocks has deeply integrated into the Gate unified account system, supporting tokenized stock assets as trading collateral and providing features such as leveraged trading, long and short strategies, and stock dividends, further enhancing asset utilization efficiency.

Noetra, a company developing foundational models for physical AI and robotics supported by the Japanese government, CEO Hironobu Tamba stated in an interview that the company represents Japan's "last chance" to enhance domestic supply capabilities for critical technologies. In its first year, Noetra received over 380 billion yen (approximately 2.33 billion USD) in government funding and support from 44 companies, including SoftBank, Honda, and Sony. The company plans to procure 27,500 Nvidia Rubin chips, starting AI infrastructure construction in April 2027 and commencing operations in June 2028.Tamba stated that Noetra will provide Japanese companies with reliable and secure foundational models, enabling them to manage data independently. The Japanese government's goal is to deploy 10 million AI robots in manufacturing, shipbuilding, nursing, and other fields by 2040, while also advancing key technology projects like the chip foundry company Rapidus to enhance self-sufficiency and technological levels in the Sino-U.S. AI competition.

According to DigitalToday, the Korea Internet & Security Agency (KISA) and the Ministry of Science and ICT have launched the "Deposit Token Payment Infrastructure Expansion Project," which will extend the results of South Korea's CBDC pilot "Project Hangang" into the private payment sector.The project is overseen by the Financial Settlement Agency, with participation from 9 banks, 8 payment gateways, and 2 large demand-side entities, with a total budget of 9.6 billion KRW, aimed at reducing payment fees for small and micro merchants. The project utilizes existing payment systems rather than building new infrastructure, allowing users to complete payments through bank deposit token wallets without requiring merchants to change terminals.The government also plans to apply deposit tokens to a pilot for official travel expenses and explore a treasury fund management model linked with dBrain. Approximately 3 billion KRW of the total project budget will be invested in the development, operation, and promotion of small and medium-sized enterprises, startups, and IT companies, while participating banks will separately advance about 4.5 billion KRW in related businesses.

Bloomberg New Energy Finance (BNEF) latest forecast shows that by 2035, electricity consumption by data centers in the United States will account for about 20% of the nation's total electricity consumption, a significant increase from the current level of about 5.9%. The agency has raised its forecast for data center electricity demand in 2035 to 106 GW, which is 36% higher than the 78 GW predicted in April this year. Currently, the operating capacity of data centers in the U.S. is about 40 GW, accounting for approximately 3.5%-4% of the national electricity demand, while under BNEF's baseline scenario, this proportion is expected to reach 8.6% by 2035. The high-growth model from the Electric Power Research Institute (EPRI) indicates that if the combined effects of cryptocurrency mining and AI computing power are taken into account, the upper limit of this proportion also points to 20%.In response to the explosive growth in AI computing power demand, Bitcoin mining companies are actively transforming. Companies like Core Scientific and Riot Platforms have partnered with tech giants such as AWS and Google to convert their existing mining sites into AI data centers. Currently, Bitcoin mining companies have secured about 6 GW of electricity capacity, which is expected to expand to 12 GW by 2027, with some analysts estimating that about 20% of mining companies' computing power capacity will shift towards AI workloads by then. Data from the Electric Reliability Council of Texas (ERCOT) shows that data centers now account for about 90% of local large load applications, with many sites originally used for cryptocurrency mining being repurposed as AI computing facilities. This trend is also directly reflected in the capital markets, as Core Scientific has seen a significant rebound in its stock price after emerging from bankruptcy and partnering with AI cloud service provider CoreWeave.

According to The Block, Movement's original core development company Movement Labs (MVMT) applied for Chapter 11 bankruptcy protection in a bankruptcy court in Delaware, USA, earlier this month.According to documents submitted on July 15, the company reported assets between $100,000 and $500,000, with liabilities reaching up to $10 million, listing nearly 299 creditors, among which the largest unsecured claim is over $1.6 million from the ousted co-founder Rushikesh Manche. Manche retains a 34.25% equity stake and has previously filed a lawsuit regarding legal fees related to the Department of Justice grand jury investigation into the MOVE token issuance scandal, which was supported.The company was the core developer of the Ethereum Layer 2 network Movement Network and completed a $38 million Series A financing led by Polychain. In December 2024, the MOVE token issuance crisis was triggered by a market maker sell-off, leading to Manche's dismissal after an internal investigation, and core development work has since been transferred to Move Industries.

According to Gate market data, the US stock market has expanded its gains, with the Dow Jones Industrial Average and the S&P 500 Index currently up over 1%, and the Nasdaq Composite Index currently up 1.4%.

According to market news, Bitcoin Treasuries.NET posted on platform X that shareholders of the UK Bitcoin treasury company Satsuma Technology, supported by Mark Moss, have voted to sell all of their remaining 668 BTC, return capital to shareholders, and close the company.

According to Bloomberg, Venezuela's largest fintech company Cashea recently completed two rounds of financing totaling $100 million, including a $60 million Series B round led by FinSight Ventures in June this year, and a $40 million Series A round completed in March led by Spice Expeditions, which included $20 million in debt provided by Architect Capital. Several U.S. donor funds and Latin American investment institutions participated.Founded in 2022, Cashea provides "buy now, pay later" services for Venezuelan consumers who have long been credit-constrained. Users can make a down payment via the app or by scanning a code offline and then pay in interest-free installments. The company claims to have processed over 110 million transactions, serving more than 10 million accounts, with partnerships reaching 40,000 merchants. The new funds will be used to expand credit products and support post-disaster reconstruction.

According to Bloomberg, the merger plans of Tether's Twenty One Capital, Strike, and Elektron Energy have been terminated. Jack Mallers, the CEO of Twenty One Capital and Strike, has stepped down from the position of CEO of Twenty One Capital, and Elektron CEO Raphael Zagury has taken over.