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According to reports from Fast Technology, Changxin Memory's 17nm DDR5 chip yield has surpassed 90%, which is only about 2 percentage points lower than Samsung's same-generation products at 92% to 93%, marking a technical indicator that has entered the global first tier. Several major PC manufacturers have completed certification for Changxin DRAM chips around mid-year and have begun to incorporate them in small batches into certain laptops.The strategies adopted by different brands show significant differences: Dell has completely banned the use of Changxin chips; HP restricts their use to the mainland China market; Acer and ASUS have incorporated them into models aimed at the mainland China and emerging markets. Currently, the impact of Changxin products on the overall market prices of the three major memory giants remains limited, mainly because Samsung, SK Hynix, and Micron are currently more inclined to supply LPDDR5, while Changxin's current strategic focus is on expanding DDR5 shipments. Executives from PC companies have stated that the three major manufacturers hold over 90% of the global DRAM market share, and large-scale adoption must be approached with high caution. Currently, the number and usage of models using Changxin chips are quite limited.

Microsoft plans to publicly release its next-generation Maia 300 AI chip this fall (possibly as early as September). To meet delivery demands for 2027, Microsoft has engaged with TSMC to secure manufacturing capacity for over 300,000 units of the chip.

According to Jinshi reports, Federal Reserve Governor Cook stated that if the trend of falling inflation does not resume, the Federal Reserve is prepared to raise interest rates.

During the Circle Q2 earnings call, Citigroup analyst Pete Christensen asked about the competitive landscape following the launch of the Open USD Alliance, inquiring how Circle would compete for distribution channels given that reserve revenue sharing is gradually becoming an industry standard and Circle is constrained by its existing economic arrangements with Coinbase.Co-founder and CEO Jeremy Allaire responded that Circle has signed distribution cooperation agreements with over 150 companies and often collaborates with Coinbase on distribution efforts. An example of this is the revenue-sharing arrangement that Circle and Coinbase have jointly established with Hyperliquid. He added that about 70% of the companies expressing interest in participating in such alliance projects are already partners in the Circle network. On the day of the earnings report, Circle also announced that Visa and Mastercard would expand their cooperation as key infrastructure partners for Arc.

According to crypto KOL 0xSLK, Uniswap is developing a token issuance platform called "Pools" on the Robinhood Chain. The official website is now online, but the product is not yet open. The pools.trade page displays "Coming soon from Uniswap" and plays a video of a frog jumping into a pond. Research has found that the front-end code related to Pools contains a lot of product information, and its internal name is "Pools - create a token on Robinhood Chain." The "rh-cca" path is believed to be related to the Robinhood Chain and Uniswap's Continuous Clearing Auction (CCA) mechanism.The public code shows that Pools is expected to offer two token issuance models: Crowd Launch: using a 4-hour auction mechanism, with a fixed supply of 1 billion tokens, of which 50% is for auction, and the remaining 50% along with the raised funds is used to establish Uniswap v4 liquidity pools. If the $50,000 FDV target is reached, the tokens will complete migration and open for trading; otherwise, participants can get a refund. Instant Launch: similar to the Bonding Curve model, users can trade immediately, with 80% of tokens used for curve trading, and the remaining 20% and funds used for liquidity building, completing migration after reaching a $50,000 FDV. Currently, the on-chain infrastructure related to Pools has been deployed to the Robinhood Chain. Uniswap's official documentation shows that related contracts include CCA Factory, LiquidityLauncher, and LBPStrategy, among others. Data shows that related contracts have generated hundreds of auction events and completed hundreds of token creations and migrations.Meanwhile, several tokens borrowing the concept of Pools have emerged in the market. Researchers point out that there is currently no official POOLS token, and any tokens named Pools, pools.trade, or UniFrog have not been confirmed by Uniswap Labs. Among them, the meme coin FRONG (which briefly surpassed a market cap of $7 million this morning, rising over 90% in 24 hours) has attracted attention for using a frog image similar to that in the Pools promotional video, but it is still just a community-issued token and not an official Uniswap project. The market is currently focused on whether Uniswap will officially open pools.trade, announce the first official issuance project, and release verified official contract addresses.

According to Jinshi reports, U.S. President Trump stated that there is an agreement on the Strait of Hormuz, and an agreement on denuclearization will also be reached. He revealed that dialogue is being conducted with Iran in the form of negotiations, which will begin tomorrow afternoon (Eastern Time).

According to Jinshi, the Japanese Ministry of Finance stated on the social media platform X that Japan's monetary authorities have multiple tools to meet market liquidity needs, including the discretionary use of the Federal Reserve's "Foreign and International Monetary Authorities (FIMA)" standing repo facility, which accepts U.S. Treasury securities as collateral to provide temporary U.S. dollar liquidity. The Ministry of Finance stated, "We are always ready to utilize available tools when necessary to support the orderly functioning of the market."

According to The Defiant, Paris-based startup Kulipa suddenly ceased operations due to debt issues, leading to the simultaneous interruption of card projects for about 20 crypto wallets and fintech companies it served. Both the self-custody wallet Ready (formerly Argent) and the Solana wallet Solflare were affected, with user card services being immediately disabled.Since both wallets use a self-custody structure, funds are only deducted from the user’s wallet at the time of purchase, and user assets were not harmed. Notably, Kulipa had completed a $6.2 million seed round financing co-led by Flourish Ventures and 1kx in April of this year, just about 4 months before its collapse.

Zach Pandl, the head of research at Grayscale, stated that there are currently two main viewpoints in the market regarding when the Bitcoin bear market will end: one follows the "four-year cycle," and the other views Bitcoin as a mature asset driven by macro factors. The "four-year cycle" viewpoint holds that the halving event remains the core driving factor of the Bitcoin price cycle. Historically, Bitcoin typically bottoms about a year after the cycle peak and approximately 2.5 years after the halving, with an average cumulative drawdown of about 80%. According to this pattern, Bitcoin may still decline further this time and form a bottom in September or October.The other viewpoint suggests that Bitcoin prices will be influenced more by economic growth, real interest rates, and changes in Federal Reserve policy, similar to other major assets. In past Bitcoin bear markets, there has usually been a slowdown in economic growth or an increase in real interest rates, and this decline is also occurring against a backdrop of rising interest rate expectations and increasing real rates. Pandl indicated that he aligns more with the macro-driven perspective. If the Federal Reserve stops raising interest rates and economic growth remains stable, Bitcoin prices may have already bottomed.

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.

According to Jinshi reports, New York Fed Open Market Account Manager Perli stated that they are ready to implement any balance sheet adjustments authorized by the Federal Open Market Committee.

According to official news, Swift announced that its blockchain-based ledger is ready, and 17 banks from six continents are preparing to pilot the use of tokenized deposits for 24/7 cross-border payment trials.The ledger provides a secure orchestration layer for participating banks, supporting them in issuing tokenized deposits on their own ledgers, enabling around-the-clock fund movement before final settlement through existing systems. Participating banks include ANZ, BNP Paribas, BNY Mellon, Citibank, DBS Bank, First Abu Dhabi Bank, FirstRand Bank, HSBC, Itaú Unibanco, Lloyds Bank, Mashreq Bank, MUFG, OCBC Bank, Standard Chartered, UBS Group, UOB, and Wells Fargo.

According to Jinshi, the U.S. Supreme Court declined to review the constitutionality of a now-repealed policy of the U.S. Securities and Exchange Commission (SEC).The policy previously required individuals and companies that reached enforcement settlements with the SEC not to publicly criticize or question the allegations made by this Wall Street regulatory agency. The U.S. Supreme Court justices did not provide any explanation on Monday when they rejected the challenge regarding whether the SEC's so-called "gag order" infringed on individual constitutional rights.

According to on-chain analyst Ai Yi's monitoring, former ConsenSys ambassador Russell Verbeeten (@rverbee) has started transferring a large amount of ETH after a year, with the source of his funds traceable back to 10 years ago, at a cost as low as $5.6. Seven hours ago, he withdrew 20,426 ETH ($37.26 million) from Aave, which was then distributed to 10 new addresses, one of which has 4,144 ETH deposited into the Coinsquare exchange, while other tokens have not yet been transferred or sold.

Axe Compute (NASDAQ: AGPU) announced that the underlying infrastructure provider for its $260 million enterprise-level contract is the global distributed GPU infrastructure Aethir. It is reported that Axe Compute has confirmed receipt of the first payment of $43 million under the contract, and Aethir has officially initiated the computing power delivery process for the corresponding cluster of 2,304 NVIDIA B300 GPUs, with a target launch time in the third quarter of 2026. The contract has a 36-month fixed payment structure, and it is expected to generate approximately $21 million in revenue each quarter after launch.

According to Jinshi reports, Federal Reserve Governor Cook stated that if the labor market worsens, the Federal Reserve will be prepared to cut interest rates.