US Treasury Secretary Scott Besant stated on X platform that he supports open source AI and its innovation, but open source is not an excuse for infringing on US intellectual property. If Chinese companies engage in secret, industrial scale refining attacks that constitute intellectual property theft, the United States will consider imposing sanctions on them and including them in the entity list.

Circle and Kakao Group have signed a memorandum of understanding to evaluate cooperation in blockchain based payment infrastructure and digital asset technology, including the application of USDC in payment, settlement, and digital asset connectivity scenarios.

According to Onchain Lens monitoring, a certain Hyperliquid whale deposited 31.12 million USDC into Hyperliquid within 3 days and currently holds a short position of 64.9 million USD. The latest deposit of this giant whale is 5.12 million USDC, and the current positions include 43.93 million USD SKHX empty orders, 17.07 million USD BRENTOIL empty orders, as well as other empty orders such as SMSN, HIMS, and Nvidia. The wallet is currently 100% empty.

BBX News: Yesterday, the encryption strategies of global listed companies underwent an extremely cold stress test. There is no blind fanaticism, and the capital market is forcibly completing the strategic transition between old and new infrastructure through ruthless liquidation and compliance release ——Clearance and delisting: Satsuma Technology shareholders sold 668 BTC with a 90% approval rating and delisted, declaring the bankruptcy of the pure hoarding model that lacks the ability to generate revenue. ——Computing compliance: Ionic Digital (NASDAQ: $IOND) has been approved by the SEC for direct listing, making AI and HPC data centers the new favorites of Wall Street's digital infrastructure. ——Bottom line defense: Galaxy has invested $5 million to launch the Bitcoin anti quantum plan, laying the foundation for the ultimate cryptographic security of digital gold ahead of schedule. The market presents a clear dual evolutionary trend of "accelerated liquidation of speculative treasury lacking cash flow" and "accelerated rise of infrastructure entities with hard core computing power and underlying defense capabilities". Source: bbx.com

Moonshot AI employee Randy responded to comments from Michael Kratsios, Director of the White House Office of Science and Technology Policy, on the X platform regarding Moonshot AI's use of Anthropic's Fable distillation to develop the K3 model. He stated that Fable was publicly unveiled on July 1st, K3 was launched on July 15th, and the team trained a brand new cutting-edge model in just 15 days.