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The semiconductor research institution SemiAnalysis has released a latest analysis indicating that Changxin Memory Technologies (CXMT) has clearly become the world's fourth largest DRAM manufacturer. Although its production capacity and cash flow are continuously growing, the institution believes that Changxin Memory still faces multiple challenges in equipment, technology, and market, and will not end the current storage "super cycle" in the short term.In terms of specific challenges, export controls on advanced semiconductor manufacturing equipment (such as EUV, advanced etching, and TSV tools) severely restrict Changxin's expansion into more advanced processes and high bandwidth memory (HBM) fields; although domestic equipment (such as Zhongwei Company, Northern Huachuang, etc.) has alleviated some pressure, it cannot fully resolve the integration and yield bottlenecks across multiple process links, resulting in its technology still lagging behind leading manufacturers by several generations. Additionally, Changxin's market share is currently still highly concentrated in the Chinese domestic market, with global expansion limited by geopolitical factors and customers' willingness to diversify their supply chains.In response to market concerns that Changxin might "impact the global market with cheap chips," SemiAnalysis clarified that there is currently a severe structural shortage in the DRAM market, and the increase in Changxin's production capacity may even struggle to fully meet domestic demand in China. In fact, the prices of Chinese memory chips are also soaring significantly, in line with the global upward trend, and Changxin is similarly a beneficiary of the shortage premium. Therefore, Changxin Memory should be viewed as a long-term structural competitive force, and in the current context of accelerated AI demand and constrained supply, it cannot shake the fundamental super cycle dominated by leading manufacturers in the short term.

According to the Web3 asset data platform RootData, the list of closed projects in the cryptocurrency industry for 2026 has increased to 70 and is still growing. The latest included projects cover multiple tracks, including Layer 2 protocol Loopring, lending blockchain UX, cross-chain clearing layer Everclear, decentralized credit protocol Goldfinch, Bitcoin-based Layer 2 Botanix, peer-to-peer NFT lending protocol NFTfi, and the news media DL News under DefiLlama.

According to official news, OpenClaw announced the launch of the native mobile version of the OpenClaw app on the Apple App Store and Google Play Store. Users can pair their phones with the private OpenClaw gateway to achieve localized AI assistant functions, including chat, voice calls, approval management, and device-aware automation. The app adheres to the "local first" principle, with all keys, configurations, and permissions controlled by the user, and device permissions enabled as needed.

According to official data, Ark Invest, led by Cathie Wood, increased its holdings in Coinbase, Circle, Bullish, and Robinhood stocks on Monday, with a total increase of approximately $16.9 million based on the closing price.In specific operations, ARK bought 45,164 shares of Coinbase ($6.85 million), 81,757 shares of Circle ($6.21 million), 149,422 shares of Bullish ($3.54 million), and 2,943 shares of Robinhood ($300,000), with all four stocks closing up on that day.

According to CoinPost, Kinexys, a blockchain division of JPMorgan, announced the addition of five currencies to its Blockchain Deposit Account (BDA) network: Australian Dollar (AUD), Hong Kong Dollar (HKD), Japanese Yen (JPY), Renminbi (RMB), and Singapore Dollar (SGD). This expands the total supported currencies to eight, including the existing Euro, British Pound, and US Dollar, making it the platform with the most supported currencies in the global blockchain settlement and on-chain foreign exchange field.The BDA operates on JPMorgan's private blockchain, supporting 24/7 settlement and programmable payment features. Japanese energy giant JERA Global Markets became the first enterprise to adopt the Yen BDA, aimed at optimizing internal fund flow management and liquidity allocation. Currently, Kinexys has processed a cumulative transaction volume exceeding $40 trillion, with a daily transaction volume of over $7 billion.

According to Gate market data, U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average initially up 0.59%, the S&P 500 index up 1.1%, and the Nasdaq up 2.07%. Western Digital (WDC.O) rose 11%, Seagate Technology (STX.O) rose over 7%, SpaceX (SPCX.O) rose 7%, Micron Technology (MU.O) rose 1%, and NVIDIA (NVDA.O) rose 1%. The Nasdaq China Golden Dragon Index closed up 1.4%, with Baidu (BIDU.O) rising over 7%.

According to Jinshi reports, NVIDIA announced that Anthropic's Claude series models are now available on Microsoft's Azure NVIDIA GB300 Blackwell Ultra platform.

According to The Block, Binance founder Zhao Changpeng stated that the MiCA license application submitted by Binance in Greece fully complied with regulatory requirements and was close to approval before being withdrawn, but ultimately the process was interrupted due to "external political factors."In an interview, Zhao Changpeng mentioned that several countries within the EU had expressed interest in the license, and there was even a certain degree of "competitive pursuit," but the regulatory progress was ultimately affected by non-regulatory factors, forcing the application to be withdrawn. Binance officially withdrew its application in Greece last week and stated that it would turn to other EU member states to continue pursuing MiCA authorization.In response to market rumors regarding his connections with high-level EU politicians, Zhao Changpeng stated that he had not seen any verifiable documents and only saw similar claims online, which he did not confirm. Zhao Changpeng also pointed out that the EU MiCA transition period will officially end on July 1, at which time platforms that have not obtained licenses must cease related services. Regulatory agencies in various countries have made it clear that they will not postpone enforcement, and they evaluate this outcome as a "lose-lose situation," using the regulatory processes in Japan and Singapore as examples to emphasize that compliance processes often require a longer period.Additionally, when discussing Strategy's STRC preferred stock product, Zhao Changpeng stated that its structure is "too complex" and expressed difficulty in fully understanding its mechanism, but emphasized that he does not comment on the credibility of its founder Michael Saylor, considering him a "staunch supporter of Bitcoin."

According to CoinDesk, blockchain analysis company Chainalysis has released a new methodological proposal aimed at establishing a unified on-chain fund tracking standard framework for law enforcement agencies and investigators, to identify address clusters and determine their possible control relationships.The proposal defines the on-chain analysis structure in the form of "ontology," focusing on systematically breaking down the currently unstandardized concept of "cluster" in the industry into wallet segments and functional roles, and describing on-chain relationships through a two-layer structure: the first layer defines the transaction graph structure, and the second layer assesses inference confidence.Chainalysis stated that the framework aims to enhance the interpretability and legal applicability of on-chain forensic methods, and is designed and validated based on its practical experience in relevant cases within the U.S. Department of Justice, including the analytical application in the mixing service Bitcoin Fog case.The company's Chief Scientist Jacob Illum pointed out that the goal of the proposal is to answer "on what evidence basis can these addresses be considered to belong to the same entity," while emphasizing that on-chain analysis itself cannot directly identify the ultimate user identity and still requires legal investigative methods combined with centralized entities such as exchanges.Chainalysis indicated that the standard proposal is currently open for discussion within the industry, hoping to promote the formation of more unified technical specifications for on-chain analysis methods in the fields of law enforcement and compliance.

According to Crypto in America, the U.S. Senate will recess until July 13, and the advancement of the CLARITY Act depends on the progress of behind-the-scenes coordination over the next two weeks. Staff from both parties, government officials, and industry stakeholders are working to resolve remaining differences, including reconciling text discrepancies between the Banking Committee and the Agriculture Committee, as well as reaching consensus on ethical standards and provisions to combat illegal financial activities.The bill requires the support of at least 60 senators to pass. Even if all 53 Republican votes are in favor, at least 7 Democratic senators will need to join; the support of the majority of Democrats may depend on whether the White House can agree to establish a strong ethical framework regarding issues related to Trump's cryptocurrency business. According to Reuters, since Trump's return to the White House, his cryptocurrency business has generated over $2 billion in new wealth for him.Additionally, major law enforcement groups still oppose the inclusion of provisions from the Blockchain Regulatory Certainty Act in the bill, arguing that it would increase the difficulty of investigating and prosecuting on-chain crimes. Remaining discrepancies in the Agriculture Committee's text include issues such as the prioritization of federal law over state law, management of conflicts of interest in exchanges, and restrictions on related-party transactions. Sources indicate that the parties have not yet reached a final agreement, and there remains uncertainty about whether the Senate vote can be completed before the August recess.

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 official news, USDC issued by Circle will become the first supported stablecoin on the digital asset custody platform of global financial services company BNY, with both parties deepening their cooperation on institutional-grade stablecoin services.BNY clients can now hold USDC in their digital asset custody wallets and instruct Circle to mint USDC from dollars or redeem USDC for dollars, covering the complete lifecycle of institutional stablecoin business.Circle's Chief Business Officer Kash Razzaghi stated that this cooperation is a continuation of the long-term relationship between the two parties, connecting on-chain assets with traditional assets for BNY clients. In the future, both parties plan to expand this capability to more stablecoin issuers and digital cash workflows.

According to Decrypt, the Ukrainian prosecutor's office has for the first time transferred seized cryptocurrency assets to the state asset management agency ARMA, with over 8.3 million USDT moved to its custody wallet.The funds come from the wallet of a suspected member of an international hacking group, which has been accused of carrying out ransomware attacks and data theft against businesses and individuals in Europe and the United States, and laundering money in Ukraine through the purchase of real estate and vehicles, causing losses of over 100 million dollars. Currently, four suspects have been detained, with assets worth over 11.1 million dollars seized, including real estate, vehicles, approximately 1 million dollars in cash, and cryptocurrency assets. This takeover by ARMA marks the first custody case involving digital assets following its reforms in 2025 to enhance the transparency of asset management related to criminal cases.

According to Wccftech, investment bank Jefferies' latest research report indicates that due to the ongoing global supply shortage and strong demand for AI computing power, memory chip prices are expected to see a significant increase in the second half of 2026 and in 2027.The report predicts that memory chip prices will rise by 40% to 50% quarter-on-quarter in the third quarter of 2026, and will continue to rise by 30% to 40% quarter-on-quarter in the fourth quarter; by 2027, the overall year-on-year price increase will reach 40% to 45%. It is not until 2028, with the introduction of 15% to 20% of new production capacity into the market, that prices are expected to decline.Additionally, the report emphasizes that currently about 50% of global memory production capacity is locked in by long-term agreements (LTA) with large technology companies, which will further compress supply in the consumer electronics market and drive up end-user costs. Analysts also believe that before the large-scale expansion of capacity by domestic Chinese memory manufacturers in 2028, it will be difficult to significantly alleviate the tight situation and prices in the global market.

According to Jinshi, SpaceX's stock rose over 1% in pre-market trading after the company was included in the Nasdaq 100 Index, which is expected to take effect on July 7.

According to Bitcoin Magazine, Galaxy Research has lowered the probability of the passage of the CLARITY Act in 2026 from 60% three weeks ago to 50%, due to the increasingly tight Senate schedule, the lack of a published merged text for the bill, no scheduled votes, and no public commitment from leadership. The bill has been listed as item 423 on the legislative calendar since it passed the Senate Banking Committee on May 14 with a vote of 15-9, but no motion to advance it has been scheduled to date.The report indicates that the Senate must announce a schedule by early July to complete voting before the August recess; otherwise, it will be postponed until September, when the upcoming midterm elections will make controversial votes harder to arrange. Priority legislation such as FISA Section 702 and the NDAA occupies a significant amount of time, and Trump's veto of the housing bill further exacerbates scheduling pressures.The substantive content of the bill has not yet been fully resolved, and ethical provisions remain a core controversy, with at least two Republican senators expected to vote against it, making Democratic support essential. The report suggests that if leadership clarifies a commitment to vote in July within the next two weeks, the probability of passage will rise to 60% or higher; if there is continued lack of progress, it will be further lowered.

Liquid Capital founder Yi Lihua posted that the current Bitcoin trend represents the third wave of decline since the peak of 1011. According to volatility theory and cyclical patterns, this may be the final major drop.Yi Lihua pointed out that the main influencing factors for this round of decline include the performance of the U.S. stock market and Strategy, while closely monitoring the Federal Reserve's response to CPI data to see if it will change interest rate cut or hike expectations, which could trigger a continued pullback in the U.S. stock market. Additionally, black swan or explosive events often occur at the tail end of past bear markets, which have not yet appeared and still require ongoing observation.He believes that based on Bitcoin's peak of $126,000, a 60% drop would bring it down to about $51,000, and a 66% drop would bring it down to about $43,000. Regardless of where the final bottom lies, July and August may be the last bottoming area of this cycle and the most noteworthy time window for bottom fishing in the next three years.

According to monitoring by Onchain Lens, a giant whale deposited 2 million USDC into HyperLiquid and opened a long position of 31,255 contracts of CL with 1x leverage. This giant whale had previously incurred losses of over 4.06 million dollars.