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According to Bloomberg, informed sources revealed that the U.S. government department responsible for investigating violations of chip export controls is currently conducting a systematic review of how Chinese AI companies obtain advanced chips from Nvidia through legal means, focusing on their behavior of renting computing power in third countries. This move stems from recent technological breakthroughs achieved by Chinese AI companies, indicating that they still have the capability to acquire and use top-tier hardware despite U.S. export restrictions on chips to China. Analysts believe that this review may prompt the U.S. to further tighten regulatory rules on computing power leasing in third countries to close existing loopholes in the export control system.

According to CoinDesk, the tokenized asset company Ondo Finance is embroiled in a corporate control dispute following the death of founder Nathan Allman this year. The estate has filed a lawsuit in the Delaware Chancery Court, accusing former president and current CEO Ian De Bode of improperly attempting to seize control of the company while the estate certification process is not yet complete and the company's voting rights are temporarily suspended. The three legal documents request the judge to determine who legally controls Ondo Finance and to prohibit the company from taking significant actions until the governance dispute is resolved.According to the complaint, Nathan Allman was the CEO, sole director, and controlling shareholder of Ondo at the time of his death, and his voting rights could not be exercised until his mother, Kathleen Allman, was formally appointed as the estate representative through the Hawaiian probate process on June 26. The estate alleges that De Bode claimed to automatically become CEO and appointed himself as the sole director before this, taking actions such as hiring consultants and approving performance grants.After obtaining the voting rights, Kathleen Allman voted to remove De Bode from all positions and appointed herself as chairwoman and interim CEO during the board meeting on July 24. De Bode responded that he regretted the lawsuit filed by Allman, stating that her claims lack basis, and that the company still has the support of major investors and key stakeholders such as the Ondo Foundation. The court has not yet ruled on the related allegations, and the aforementioned documents only reflect the statements of the estate.

According to BBX data, yesterday and in recent days, globally listed companies disclosed the latest developments in cryptocurrency assets and debt restructuring, with the core information as follows:Cipher Digital reports losses in the second quarter due to Bitcoin sell-off: Bitcoin mining and digital infrastructure company Cipher Digital (NASDAQ: CIFR) released its financial report for the second quarter of 2026. Its total revenue was $24.84 million (entirely from mining), with a net loss of $267.5 million (mainly impacted by a $150.5 million loss due to changes in the fair value of warrants), and adjusted EBITDA was a loss of $29.99 million. As of June 30, its total cash and restricted cash amounted to approximately $4.56 billion. Notably, the company's Bitcoin holdings have significantly decreased in book value from $125.4 million at the end of 2025 to $37.8 million, with realized Bitcoin sale losses of approximately $23.51 million in the second quarter.PowerCompute restructures debt with Bitcoin collateral to lower interest rates: Bitcoin mining company PowerCompute successfully restructured three debts totaling $18 million using 307 Bitcoins from its reserves as collateral, replacing previous loans from institutions such as Galaxy Digital. The new financing adopts a non-recourse, 30-day revolving structure with an annual interest rate of about 2% (far lower than some old loans at 12%), allowing the company to significantly reduce interest expenses without selling Bitcoin spot.West Main Self Storage slightly increases holdings: Storage company West Main Self Storage disclosed an increase of 0.155 Bitcoins in the secondary market, bringing its total holdings to 16.188 BTC.

SpaceX plans to build its own power facilities for the large semiconductor manufacturing plant Terafab being developed in Texas. Riley Trettel, who is responsible for energy and data center development, stated that a gas power plant and a large battery array will be constructed to store energy to meet the surging power demand. Elon Musk's companies have long favored vertical integration, and Tesla is also participating in the energy market in Texas.

Elon Musk posted that he roughly estimates that about 25% of TeraFab's AI computing output will be used for Tesla Optimus, and about 75% will be used for AI spacecraft.

According to BeInCrypto, since November 2025, Bitcoin's 30-day average hash rate has decreased by 19%, dropping from 1,108 EH/s to 898 EH/s. Glassnode data shows that this nine-month decline is the longest in the network's history.This decline coincides with the largest capital migration in mining companies' history, with mining firms holding over $70 billion in AI contracts, and some of the power capacity originally used for Bitcoin mining has shifted to AI hosting, which may be difficult to return.

Eric Trump, the second son of Donald Trump, criticized Bloomberg's reporting on SpaceX, claiming it has issues of "overpromising and underdelivering" and accused the reporting of being of poor quality.Eric Trump stated that SpaceX's payload mass launched to orbit in 2025 accounts for about 80% to 85% of the global total, while China's share during the same period is about 8% to 10%. He claimed that a private aerospace company has surpassed the launch capabilities of other countries worldwide, even leading the two major space powers.He also pointed out that SpaceX's Falcon 9 rocket completed approximately 165 successful launches in 2025, maintaining a zero-failure record, and that the reusable boosters have achieved over 30 flights.Eric Trump believes that SpaceX has made significant breakthroughs in reducing launch costs, improving rocket reuse efficiency, and promoting the development of commercial spaceflight, and criticized some media reports for failing to accurately reflect the company's technological achievements.These remarks stem from his dissatisfaction with Bloomberg's related reporting on SpaceX, but SpaceX's actual market share, global launch proportion, and future development prospects continue to attract ongoing attention from industry organizations and analysts.

According to TechCrunch, AI research startup Mirendil has reached a multi-year partnership agreement with Google Cloud to gain large-scale computing resources to support its "self-improving AI" development.Mirendil co-founder and CEO Benham Neyshabur revealed that the total value of the agreement exceeds $100 million, which is about half of the $1 billion valuation seed round financing amount completed by the company at the end of June.Under the agreement, Mirendil will receive TPU and NVIDIA GPU computing resources provided by Google Cloud, as well as managed AI training clusters, to develop AI systems capable of continuously optimizing their own capabilities.It is reported that Mirendil is dedicated to developing "recursive self-improving" AI, which means AI systems can enhance their performance through continuous iteration, self-learning, and optimization. This direction is also a research area of interest for some of the top AI laboratories currently.

According to Binance spot data, the market has experienced significant fluctuations. ACM has dropped 14.02% in the last 24 hours, and POWR has decreased by 15.71%, showing a "high rebound" state.On the other hand, SYN has increased by 16.66% in the last 24 hours and has reached a "bottom rebound" state, while MVLLB has also shown a "bottom rebound" state with an increase of 5.14%. Other tokens such as BICO, BLUR, PORTAL, TUT, and MIRA have all shown a "high rebound" state, with declines ranging from 5% to 16%.At the same time, PIVX has slightly increased by 3.8% within 5 minutes.

According to Globenewswire, Bitcoin mining company PowerCompute (formerly LM Funding America) announced the completion of a $18 million debt refinancing, using 307 BTC from PowerCompute's inventory as collateral. This replaces previous loans including a $11 million loan from Galaxy Digital, a $5 million loan for the acquisition of a 15 MW facility in Oklahoma, and a $2 million loan for the acquisition of an 11 MW facility in Mississippi.This refinancing will drive its expansion from Bitcoin mining to high-performance computing (HPC) and artificial intelligence (AI) infrastructure.

According to South Korea's Digital Daily, Apple has recently negotiated with Changxin Memory Technologies (CXMT) on the supply prices of mobile DRAM such as LPDDR5X to reduce costs for the next generation of iPhones and smart devices, but was rejected. Changxin Memory insists on maintaining a price level comparable to or even higher than that of Samsung Electronics and SK Hynix, breaking Apple's usual bargaining advantage as an end manufacturer.The report analyzes that Chinese terminal companies such as Huawei and Xiaomi have locked in a large amount of Changxin Memory's production capacity through long-term high-price contracts, providing a solid price defense line in the domestic market. Meanwhile, Samsung Electronics and SK Hynix are facing reduced supply of general DRAM due to the continuous expansion of HBM capacity, combined with Changxin Memory holding the price floor, significantly alleviating the shipping pressure and price decline risks for Korean manufacturers in the general DRAM sector, allowing them to focus resources on high-value AI storage products such as HBM4, LPCAMM2, and eSSD. Industry insiders expect that in the second half of the year, the operating profit margins of the Korean semiconductor camp and global market pricing power will further strengthen.

According to official social media news, Huobi HTX will hold a live debate themed "AI Infrastructure Inflection Point: The Ultimate Divergence of Computing Power Bubble and Storage Supercycle" today at 8 PM. At that time, Cong Ge, Jiezou Xia, Cha Ge, and Zhang Facai will represent the affirmative side, engaging in dialogue with the opposing representatives Xiyu, Chan Ge, Bafang, and Wenle, focusing on the core industry variables under the AI wave, and deeply discussing whether the demand for computing power is overestimated, whether there is a bubble risk in AI infrastructure, and whether the storage industry can usher in a new supercycle.

According to Jinshi reports, Musk stated that SpaceX expects its computing power to exceed 2 GW by the end of the year, and by the end of 2027, the computing power may be closer to 10 GW rather than 5 GW.

According to The Block, Texas Governor Greg Abbott ordered the Public Utility Commission (PUCT) and the grid operator ERCOT to conduct audits on all data center projects in the queue within the state this week. ERCOT subsequently suspended the "Batch Zero" large electricity approval process, which was scheduled to announce results this month.Currently, data center applications account for about 90% of the 474 GW interconnected queue of ERCOT.Bernstein analysts noted in a client report released on Tuesday that this regulatory review will suppress speculative development and compress the supply of new electricity capacity, thereby enhancing the scarcity value of approved electricity capacity, benefiting existing Bitcoin mining companies and AI operators.The report specifically mentioned that Cipher Digital (CIFR), CleanSpark (CLSK), and Core Scientific (CORZ) are significantly affected by the audit, as their recent expansion plans rely on access to the Texas grid; while Terawulf (WULF) has a stronger risk resistance due to its power assets being distributed across multiple states, including Kentucky, Maryland, and New York; Riot Platforms (RIOT) and IREN benefit from already having large-scale approved operating assets in ERCOT.

The State Administration of Foreign Exchange held a video conference for the exchange of foreign exchange management work in the second half of 2026, deploying key tasks for foreign exchange management in the second half of 2026.It pointed out the need to strengthen and improve regulation in the foreign exchange sector. Promote the revision of the "Foreign Exchange Management Regulations." Enhance the capacity and level of foreign exchange regulation, utilizing new technologies such as artificial intelligence and big data to empower foreign exchange regulation, strengthen the supervision of foreign exchange market trading behaviors, and crack down on illegal cross-border financial activities. Strengthen the capacity building for the management of foreign exchange reserves and improve the professional level of foreign exchange reserve management. Overall, enhance the level of foreign exchange management work. Promote the construction of the international balance of payments statistical system, deepen the construction of "digital foreign exchange management" and "secure foreign exchange management," and accelerate the exploration and practice of "smart foreign exchange management" application scenarios.

According to Jinshi reports, Xiehe New Energy (00182.HK) announced in Hong Kong that its wholly-owned subsidiary in the United States has signed three long-term power purchase agreements with Tesla for solar projects located in the United States, with a total capacity of approximately 469 megawatts (AC side).According to the agreements, after the full capacity of the three projects is put into operation, the company will provide Tesla with approximately 1,200 gigawatt-hours of electricity annually, with the first project expected to start supplying power in the first half of 2027.

Quantum Dynamics, a Physical AI platform company, recently completed a seed round financing of over 100 million yuan, jointly invested by Yunqi Capital and SenseTime. The company's founder was the CTO of Cainiao Group and also the technical leader of Alibaba's international digital business sector.The funds will primarily be used for the research and development of core Physical AI technologies, talent team building, and global market expansion, accelerating the full-link construction of intelligent systems aimed at the physical world from underlying models to scenario-based implementation. Quantum Dynamics was established in the first half of 2026, focusing on the deep integration of AI and the real physical world, developing its own underlying platform for Physical AI applicable across all industries.

According to BBX data, yesterday global listed companies disclosed the latest real announcements regarding adjustments in cryptocurrency assets and business payment applications, with the following core dynamics:Hyperscale Data monetizes 100 BTC to build an AI data center: U.S. listed company Hyperscale Data, Inc. (NYSE American: $GPUS) announced the sale of 100 bitcoins to fund the construction of its AI data center located in Michigan. The company's CEO William Horne stated that this move is "converting one balance sheet asset into another," and clarified that the company's underlying belief in bitcoin has not changed.Quantum Solutions sells 1,000 ETH to inject into AIDC business: Japanese listed company Quantum Solutions announced that it sold 1,000 ETH through its merged subsidiary GPT Pals Studio Limited (GPT) for $1.9 million (approximately 311 million yen). The proceeds from the sale will be fully invested in the expansion of artificial intelligence infrastructure (AIDC) and data center business.Vida Global seamlessly accesses bitcoin payroll through the Lightning Network: U.S. listed company Vida Global (NYSE American: $VIDA) announced the adoption of Voltage Credit to pay its global team members in bitcoin via the Lightning Network. This mechanism utilizes a revolving credit line to instantly issue bitcoin and repays the balance in U.S. dollars at the end of each month, similar to processing standard vendor invoices, allowing the company to establish a cryptocurrency payroll settlement channel without directly holding a bitcoin wallet or reflecting cryptocurrency assets on its balance sheet.