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CITIC Construction Investment Research Report points out that the following factors will determine the trend of the third quarter market: In terms of fundamentals, AI computing power remains at a high level of prosperity, with mid-year performance and overseas financial reports worth paying attention to. At the same time, since April, under pressure from the macro economy, the economic measures from the Politburo meeting in July are quite important; In terms of liquidity, external disturbances have increased, while internal conditions remain neutral; In terms of risk appetite, geopolitical events and the listing of industry giants will cause short-term fluctuations in the market. Considering the global tech stock correlation effect, major overseas computing powers such as Japan, South Korea, and the United States also need to be continuously monitored.In terms of industry allocation, although the logic of AI computing power remains unchanged, volatility has intensified. It is recommended to be cautious about chasing highs and to position during pullbacks; lithium batteries are expected to welcome a peak season, and energy storage demand continues to warm up, while new energy presents opportunities for phased valuation recovery; dividends are expected to rebound from oversold conditions, with relatively high cost-performance ratios. Key areas to focus on: banks, coal, public utilities, AI, optical modules, storage, chips, industrial metals, lithium battery materials (VC), etc.

According to Jinshi reports, Federal Reserve's Williams stated that the inflation level is "undoubtedly high and far exceeds" the target, reflecting the impact of tariffs, energy prices, and the demand for technology products related to artificial intelligence (AI).

According to Bloomberg, Apple has raised the starting prices of several Mac and iPad models to offset the rising costs caused by shortages of memory and storage chips.The company's official website shows that the starting price of the MacBook Neo has been raised from $599 to $699, the MacBook Air from $1,099 to $1,299, and the MacBook Pro, iPad Air, and iPad Pro have also seen price increases. This move will not affect Apple's main source of profit—iPhone.

According to Business Insider, Worldcoin developer Tools For Humanity previously hired two law firms to investigate internal financial irregularities, employee classification, and whether there were violations of the U.S. Foreign Corrupt Practices Act in its operations in Thailand.The report also stated that the investigation involves allegations of senior management approving large payments to foreign companies to boost the performance of Worldcoin tokens. The company stated that after the investigation, it has terminated its relationships with Thai partners and strengthened internal compliance policies and due diligence processes, and currently has not found sufficient evidence to prove that the company or its employees violated relevant anti-bribery laws.

According to Jinshi reports, Mohit Kumar of Jefferies Group stated in a report that despite the decline in oil prices, the interest rate market has not quickly incorporated the expectations of falling oil prices into pricing. He pointed out that as the market focuses on the increase in traffic through the Strait of Hormuz, the drop in oil prices has exceeded expectations. Jefferies believes that one of the main impacts of the US-Iran agreement is that major global central banks no longer need to raise interest rates, maintaining the view that the Federal Reserve will not raise interest rates this year, and that the Fed's next move will be to cut rates rather than raise them.

According to Gate market data, gold prices have plummeted significantly, continuing the decline from the previous trading day, closing at $3,990.3 per ounce, marking the lowest closing price since November of last year. The strengthening dollar and the market's increasing expectation that the Federal Reserve may raise interest rates later this year have dampened investor sentiment. Gold futures prices in the New York market fell by 3.4%, and prices of other precious metals also declined.

According to Gate market data, Google's (GOOG.O) stock price rose by 1.3%, and the company will replace Verizon Communications as a component of the Dow Jones Industrial Average.

According to CoinGlass data, BTC is currently priced at $62,610.3, with a total spot trading volume of approximately $5.002 billion across the network. Gate's BTC spot trading volume is about $779 million, ranking third in the entire network.As for ETH, it is currently priced at $1,663.94, with a total spot trading volume of approximately $1.953 billion across the network. Among them, Gate's ETH spot trading volume is about $293 million, also ranking third in the entire network. Meanwhile, the total contract trading volume for ETH across the network is approximately $39.708 billion, with Gate's ETH contract trading volume at about $4.632 billion, similarly ranking third in the entire network.Overall, Gate continues to rank at the forefront of the market in key trading indicators such as BTC spot, ETH spot, and ETH contracts, demonstrating strong trading depth and liquidity performance.

Recently, silver prices have continued to trend downward. According to market data from the Gate platform, silver (XAG) reached a 24-hour low of $63.27 and is currently reported at $63.39, with a 24-hour decline of 3.60%. According to CoinGlass data, the open interest for Gate XAG contracts has reached $78.9171 million, ranking second globally, with high market attention and trading activity continuing to be maintained.

According to Jinshi reports, Deutsche Bank stated that if the Federal Reserve raises interest rates, the price of gold may drop to $3,800 per ounce.

According to an analysis of the latest leaked data by WIRED, the secretive society Dialog, co-founded by Peter Thiel, has an extremely ruthless and biased "grading and elimination" mechanism.Dialog implements a secret rule of "rating upon entry." Although the club has thousands of members, only 192 personal profiles (including 130 formal members and some candidates) were leaked and reviewed by WIRED. They reveal the club's counterintuitive hierarchy of disdain: C-level is the highest VIP, B-level is the overwhelming majority of ordinary members, while the A-level, usually regarded as the best, is actually the least known bottom tier.This rating is directly tied to members' wallets. Only about 25% of VIP "C" level big shots are required to pay the full attendance fee, while among the bottom "A" level members, the proportion paying the full attendance fee of tens of thousands of dollars is as high as 70%.Ironically, the AI screening mechanism introduced by Dialog is extremely superstitious about so-called "national recognition." For example, actor Josh Brolin, who played "Thanos," has never attended but wins VIP "C" level status due to box office success and millions of fans; meanwhile, academic giant Tyler Cowen was deemed "not famous enough among ordinary people" by the AI and nearly classified into the ordinary tier, only barely promoted to C-level through human intervention.The "value-added points" serve as a scythe for eliminating "useless people," specifically measuring members' resource connections and intellectual contributions to other club giants. After each gathering, staff review members' performances like "code review," and those with too low value-added points, cultural mismatches, or declining visibility will be ruthlessly removed from the invitation list.Additionally, the leaked database also exposed its built-in social and dating matching system (10% of members join the singles pool), which has a "no-match list" while recommending pairings.This so-called objective assessment system is also filled with biases: women make up one-third of the members but only receive 18% of VIP seats; politically, it is even harder to escape differential treatment. Although more than half of the members identify as "left-leaning," the probability of "right-leaning" members obtaining VIP status is more than twice that of left-leaning members, and even the "left-leaning" label of an environmental leader was forcibly rewritten to "right-leaning" by staff in the background.

According to Jinshi reports, Federal Reserve Chairman Waller stated that persistently high prices are a burden.

According to Jinshi, U.S. President Trump stated on social media that the recently reached agreement has driven U.S. stocks to soar and oil prices to plummet. He will hold a press conference in France in 45 minutes and have dinner with leaders from France and other European countries. Trump pointed out that various indicators of the U.S. economy are performing excellently, with current employment numbers reaching an all-time high, attracting over $19.1 trillion in investment.

Recently, the metal market has continued to strengthen, with gold and silver prices maintaining high volatility. According to market data from the Gate platform, silver (XAG) reached a 24-hour high of $71.24, currently reported at $70.40, with a 24-hour increase of 1.25%; gold (XAU) reached a 24-hour high of $4355, currently reported at $4340.45, with a 24-hour increase of 0.49%. According to CoinGlass data, the open interest for Gate XAG contracts reached $78.3465 million; the open interest for Gate XAU contracts reached $148 million, both ranking among the top two in the industry.

According to The Block, Ben Werkman, Chief Investment Officer of the Bitcoin treasury company Strive, stated at the BTC Prague event that if Bitcoin prices continue to remain low, treasury companies relying on convertible bond financing will face greater pressure, being forced to sell Bitcoin to maintain operations or repay debts, making industry consolidation inevitable. Currently, Bitcoin has dropped about 50% from its historical high of approximately $126,000 last October.Werkman pointed out that Strive previously chose to rely solely on equity financing and not issue convertible bonds, allowing it to continue operations during the bear market, citing the acquisition of Semler Scientific as a case of industry consolidation. He also mentioned that companies like Nakamoto are actively deleveraging to regain operational flexibility.

According to Jinshi, the wholesale prices in the U.S. in May saw the largest consecutive increase since 2022, with the PPI rising by 1.1% month-on-month, exceeding market expectations of 0.7%. Over the past 12 months, wholesale prices have increased by 6.5%, marking the largest annual increase since the end of 2022. Despite rising costs, businesses have not fully passed on the new expenses to customers, who are showing resistance to paying more. Steve Rick, the chief economist at financial services provider TruStage, stated that inflation is becoming difficult to fully eliminate.

According to CoinGlass data, the total 24-hour spot trading volume of gold (XAUT) reached 298 million USD, with the Gate platform's trading volume reaching 40.72 million USD, ranking second in the entire network; the total 24-hour contract open interest of gold (XAUT) reached 639 million USD, with the Gate platform's open interest exceeding 138 million USD, ranking third in the entire network.