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The intense financing by tech giants has triggered a panic of "AI peak," but the soaring capital expenditures of the five major cloud vendors and the bottlenecks in physical infrastructure indicate that the AI investment cycle is far from over; the second half of this grand performance has just begun.

The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.

The United States exports dollars through stablecoins, outputs assets through on-chain IPOs/ICOs, and exports financial rules through OnFi.

When we see the domestic credit market growing slowly, with major lending platforms and consumer finance companies tightening their strategies and cautiously controlling volume; in stark contrast, the overseas credit sector is迎来 a period of rapid expansion.

This "war" has just begun.

OKX founder Star published a lengthy article, systematically analyzing Binance's competitive advantages over the years: regulatory arbitrage, speculative narrative cycles, social media control, and superficial compliance, stating that the essence of these advantages is not product capability, but rather the absence of rules. He believes that true competition in the cryptocurrency industry will only begin when global regulatory standards are leveled.

The issuance layer obtains user funds and takes the largest profit margin; the two middle layers rely on traffic, distribution commissions, and underlying infrastructure; the application layer enjoys convenience but has no bargaining power.

Anthropic has issued an urgent notice that Claude users may face real-name verification in July. From now on, every time you use Claude, you may need to be prepared with your ID.

Silicon Valley guru Paul Graham reveals the underlying logic of billion-dollar wealth: no need to cheat, just create products that users love intensely, allowing exponential growth to create wealth miracles.

What remains after the AI bubble bursts? The plummeting cost of computing power is driving AI to accelerate the reshaping of various industries. What will be left after the major reshuffle is an irreversible revolution in real productivity.