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Coinbase CEO Brian Armstrong published an article introducing the company's latest progress in AI cost optimization.Armstrong stated that as the usage of AI and Token consumption continues to grow, the key to controlling costs is not to restrict employee usage or frequently send budget reminders, but to optimize default model selection, task routing mechanisms, and caching strategies.He revealed that Coinbase is trying to use open-weight models such as GLM 5.2 and Kimi 2.7 as default options through an internal LLM gateway, while still allowing engineers to choose other models based on specific task requirements. Data shows that 91% of the company's employees have never reached the AI usage quota limit, so Coinbase has not chosen to tighten quotas but instead improved overall efficiency through lower-cost model solutions.In terms of model routing, Coinbase preprocesses prompts and, combined with cache hit rates and the pricing of different models, automatically assigns tasks to the most suitable model. Armstrong believes that complex tasks such as planning and reasoning may require support from cutting-edge models, but execution tasks do not necessarily need to invoke higher-cost models. In the future, the model selection process should be more automated by AI rather than relying on manual decisions.Additionally, he pointed out that cache hit rate is one of the important factors affecting AI costs. Coinbase has incorporated a cache-aware mechanism into the request process to improve the reuse rate of historical results. For example, in the case of LibreChat, after optimizing the caching solution, its cache hit rate has increased from 5% to 60%.Armstrong also stated that the company requires engineers to keep context as concise as possible, including starting new sessions when switching tasks, narrowing the context scope of files, and closing unused tools, to reduce unnecessary Token consumption.According to him, through these measures, Coinbase has successfully reduced AI spending by nearly 50%, while Token usage continues to grow.

According to Jinshi News, BCA Research foreign exchange strategist Artem Sakhbiev stated in a report that the recent rebound of the US dollar seems somewhat excessive and lacks the support needed to break through the trading range of the past year. The Federal Reserve raised its interest rate forecasts in last week's meeting, emphasizing inflation, which led to a significant increase in real yields adjusted for inflation, alleviating the pressure for rate cuts and boosting the dollar. However, this trend now appears to be largely over, and the Federal Reserve may keep interest rates unchanged, potentially widening the gap between short-term and long-term yields.

According to a report by a financial magazine, Mu Changchun, the director of the Digital Currency Research Institute of the People's Bank of China, delivered a speech titled "Central Bank Digital Currency Reshaping Cross-Border Payments" at the 2026 Summer Davos Forum. He stated that new variables have emerged in the international monetary system, with the rapid development of stablecoins and various cryptocurrencies, leading the global cross-border payment system into a new stage of development.Mu Changchun revealed that since the successful entry of the Currency Bridge into the real transaction operation phase in June 2024, by the end of 2025, the platform's cumulative transaction volume amounted to nearly 500 billion yuan, with the ultimate goal of developing into a new type of financial market infrastructure (FMI) co-built by central banks and participated in by financial institutions under a multilateral governance and mutually beneficial model.

According to CoinDesk, the 90-day correlation coefficient between Strategy perpetual preferred stock STRC and Bitcoin has risen to nearly 0.70, the highest level since its launch in July 2025, diminishing its appeal as a relatively stable income tool.This month, STRC has cumulatively fallen 23% to $76, far below its par value of $100; Bitcoin has dropped nearly 20% during the same period to below $60,000. STRC currently has an annualized dividend yield of 11.5%, and its trading below par value limits Strategy's ability to raise funds through additional issuance to purchase Bitcoin.

According to Jinshi reports, some U.S. chip stocks fell in after-hours trading, with Micron Technology down nearly 4%, Western Digital and Marvell Technology both down 2%, and Qualcomm down 1%.

According to The Block, since June 2026, the Google search volume related to "stablecoins" has dropped to 31, a significant decline from 98 in May and down over 69% from the historical peak of 100 in August 2025. Even if the current trend is annualized, the search volume in June is only about 45, with a month-on-month decline of approximately 54%.At the same time, the total supply of global stablecoins has fallen by about $5 billion after reaching a peak of around $300 billion in early June, with a cumulative growth of only 0.23% this year, far below the growth rates of 56% in 2024 and 46% in 2025.The report points out that the peak in search volume in August 2025 coincided closely with the advancement of the GENIUS Act and announcements from institutions like Stripe, Visa, and Mastercard regarding the issuance of stablecoins. The current decline in both search volume and supply indicates that 2025 may have been the stage for large-scale retail user adoption, and there is currently no new large-scale retail incremental capital flowing in at the same cost.

According to Gate market data, after the release of the US PCE data, spot gold surged nearly 30 dollars in the short term, currently reported at 4,010 dollars/ounce.

Previously, a certain whale opened a long position of 27.9 million XRP with 20x leverage and held a long position of 809.9 BTC with 20x leverage, with a total position value of about 81 million dollars. Currently, its BTC long position has an unrealized loss of about 2.8 million dollars, with a liquidation price of 56,960 dollars; its XRP long position has an unrealized loss of 1.17 million dollars, with a liquidation price of 0.948 dollars.

According to CoinDesk, CryptoQuant data shows that the recent selling activity of "OG" investors holding Bitcoin for over five years has significantly slowed down, with their 90-day average selling amount dropping to 962 BTC, the lowest level since November 2024. Analysts point out that during the bull market cycle that began in early 2023, OG investors sold the largest amount of Bitcoin in history, especially during multiple sell-off peaks in May 2024, February 2025, and September 2025 when prices soared, with single-day sales exceeding 142,000 BTC. The current trading price of Bitcoin is around $63,000, close to the breakeven point for this group of OG investors who purchased five years ago, and their choice to continue holding rather than selling has effectively alleviated market selling pressure. The outflow rate of spot ETFs has also slowed down over the past two weeks, further confirming that selling pressure is decreasing.

According to Jinshi reports, the USD/JPY has briefly dropped nearly ten points, currently reported at 161.66.

According to Arkham monitoring, the value of the ETH holdings of the Ethereum Foundation has dropped to its lowest level in nearly 6 years (in USD), currently holding 209 million USD in ETH. Over the past two and a half weeks, its ETH holdings value reached a near 6-year low, with the last time being below the current level in October 2020.

According to Gate market data, Trump claimed at a rally in Pennsylvania that the U.S. stock market hit a new high today. Currently, the Nasdaq index is down nearly 2%.

According to on-chain analyst Yu Jin's monitoring, the largest long position holder on the Hyperliquid platform holds a long position worth $415 million through 7 addresses, including 120,000 ETH (approximately $271 million, with an opening average price of $2,261) and 2,000 BTC (approximately $144 million, with an opening average price of $72,134). With the recent price drop, the current unrealized loss has reached $91.46 million, close to $100 million.Due to the relatively low actual leverage ratio, there is currently no liquidation risk, with the ETH liquidation price around $1,160 and the BTC liquidation price around $47,000.

According to Bloomberg, the Abu Dhabi investment platform MGX has recently raised nearly $50 billion from Middle Eastern sovereign wealth funds, global pension funds, and large institutional investors to accelerate investments in artificial intelligence infrastructure and related technology projects.Insiders say that this round of funding will primarily support MGX's large-scale expenditures on computing power, data centers, and AI technology layout, in order to promote its investment pace and scale in the regional and global AI industry chain.

According to Jinshi, SpaceX's stock price further declined in pre-market trading, with a pre-market drop of nearly 5% to about $147, below the IPO opening price of $150. The company's market value is about to fall below $2 trillion. After three consecutive days of decline, SpaceX's market value has evaporated by more than $600 billion, with a reduction of about $400 billion in just one day on Monday, marking the second-largest single-day market value evaporation in recorded history for U.S. stocks.

Status Network announced that it will merge its gas-free and privacy L2 technology into the Linea ecosystem, becoming the native distribution layer for the latter, and will no longer launch an independent mainnet. This merger aims to unify the technical routes and liquidity of both parties, avoid ecological fragmentation, and allow Status to fully concentrate its resources on its core application, Status App.The official statement indicated that the previous pre-deposit treasury has now been closed, and the related assets will be fully migrated to the Linea mainnet. When the Linea mainnet opens for withdrawals, pre-deposit users will not only be able to withdraw their principal and accrued earnings but will also proportionally receive a total of 20 million SNT and 20 million LINEA as liquidity rewards. A detailed migration timeline and testnet developer migration guide will be officially announced next week.

The sell-off in tech stocks has severely impacted the market, with Japanese and South Korean stock markets accelerating their decline in the afternoon. The Nikkei 225 index closed down 2565.58 points on June 23 (Tuesday), a decrease of 3.55%, closing at 69788.38 points. The South Korean KOSPI index closed down 910.49 points, a decrease of 9.99%, marking the largest single-day drop since March 4, closing at 8204.06 points; both SK Hynix and Samsung Electronics fell over 12%.

Kalshi Data posted on platform X that Kalshi's weekly cryptocurrency trading volume has surpassed $1 billion for the first time; Kalshi's weekly perpetual contract notional trading volume reached nearly $6 billion, setting a new historical record.

According to SoSoValue data, the overall trend of the cryptocurrency market is declining, with the NFT sector down 3.79% in the last 24 hours. Within the sector, Pudgy Penguins (PENGU) decreased by 2.96%, and Audiera (BEAT) fell by 6.29%. Meanwhile, Bitcoin (BTC) dropped by 1.06%, falling below $64,000; Ethereum (ETH) decreased by 1.34%, fluctuating around $1,700.Only the SocialFi sector remained relatively strong, being the only sector to rise today, up 1.23% in the last 24 hours, with Gram (GRAM), renamed from Toncoin (TON), increasing by 2.13%.In other sectors, the DeFi sector fell by 0.47% in the last 24 hours, but DeXe (DEXE) surged by 59.33%; the CeFi sector declined by 0.94%, where OKB (OKB) rose by 2.98% due to various factors including the establishment of a joint venture with Intercontinental Exchange (ICE), briefly surpassing $83 during trading; the Layer1 sector decreased by 1.51%, with TRON (TRX) rising by 1.77% during trading; the Layer2 sector fell by 1.51%, while Celestia (TIA) increased by 5.40% against the trend; the Meme sector dropped by 1.55%, but BUILDon (B) rose by 6.27%; the PayFi sector decreased by 2.04%, while Telcoin (TEL) increased by 8.06%.The cryptocurrency sector index reflecting the historical market performance shows that the ssiAI, ssiDePIN, and ssiRWA indices fell by 7.86%, 5.26%, and 2.97%, respectively.

According to monitoring by Lookonchain, as SpaceX's stock price fell over 10% today, a certain whale lost nearly $1.2 million by going long on SpaceX: it shorted SpaceX stock 20 times at a price of $204.65, with a position value of $5.51 million and a liquidation price of $105.89.