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The Ministry of Commerce of China announced that it has included 20 entities, including the Japan Defense Research Institute and Mitsubishi Electric Defense and Space Systems Corporation, in the "Control List" for dual-use items export, and has placed another 20 entities, including Mitsui E&S Holdings, on the "Watch List."According to the regulations, China will completely prohibit the export or transfer of dual-use items originating from China to entities on the "Control List"; for entities on the "Watch List," strict end-use reviews will be implemented, and any export applications related to military use will be rejected. A spokesperson for the Ministry of Commerce stated that this move aims to safeguard national security and curb Japan's trend of "remilitarization," and the relevant measures only target a small number of specific entities' dual-use items, without affecting normal economic and trade exchanges between China and Japan.

The Chief Information Security Officer of Slow Fog, 23pds, posted on the X platform that curl recently fixed 18 security vulnerabilities, involving issues such as authentication bypass, memory safety, and host verification, among which one libcurl vulnerability has existed for about 25 years. The risks are not limited to the curl command line but also widely affect applications, SDKs, containers, firmware, gateways, and CI/CD environments that rely on libcurl. It is recommended to upgrade curl/libcurl as soon as possible and check for the use of old versions of libcurl, especially paying attention to mTLS, proxy authentication, and connection reuse scenarios.

Binance founder CZ recently accepted an interview with CoinDesk, sharing his views on multiple topics. CZ attributes the 2026 crypto bear market to a combination of three factors: the shift of funds to the AI sector, geopolitical tensions, and the four-year cycle pattern.Regarding the strategy for Binance.US, CZ expressed a desire for the platform to access the liquidity of Binance Global to strengthen its competitiveness in the U.S. market. He also revealed that although his previous trip to Washington, D.C. was to clarify misunderstandings about himself and Binance, he believes that the violation of the Bank Secrecy Act has not harmed his business reputation. CZ clearly stated that he will not take the helm of a crypto trading platform again and prefers to participate in the operations of his investment companies in an informal advisory capacity.In terms of crypto regulatory legislation, negotiations on the U.S. "Clarity Act" are still ongoing, but core ethical clause disagreements remain unresolved, and any agreement requires the president's signature. The Senate has only 20 working days left before September 1, and the legislative window continues to narrow.

CITIC Construction Investment Research Report points out that the following factors will determine the trend of the third quarter market: In terms of fundamentals, AI computing power remains at a high level of prosperity, with mid-year performance and overseas financial reports worth paying attention to. At the same time, since April, under pressure from the macro economy, the economic measures from the Politburo meeting in July are quite important; In terms of liquidity, external disturbances have increased, while internal conditions remain neutral; In terms of risk appetite, geopolitical events and the listing of industry giants will cause short-term fluctuations in the market. Considering the global tech stock correlation effect, major overseas computing powers such as Japan, South Korea, and the United States also need to be continuously monitored.In terms of industry allocation, although the logic of AI computing power remains unchanged, volatility has intensified. It is recommended to be cautious about chasing highs and to position during pullbacks; lithium batteries are expected to welcome a peak season, and energy storage demand continues to warm up, while new energy presents opportunities for phased valuation recovery; dividends are expected to rebound from oversold conditions, with relatively high cost-performance ratios. Key areas to focus on: banks, coal, public utilities, AI, optical modules, storage, chips, industrial metals, lithium battery materials (VC), etc.

Web3 security company GoPlus Security pointed out that there has been a recent surge in smart contract vulnerability attacks, particularly targeting older contracts that have been deployed for many years. Attackers are leveraging AI technology to quickly discover and exploit these vulnerabilities.Recent typical incidents include:On June 9, a Token of Power (TOP) contract deployed 7 years ago was attacked on Ethereum, resulting in a loss of approximately $1.5 million;On May 25, a WUSD.fi contract deployed 3 years ago was attacked, resulting in a loss of approximately $200,000;On June 14 and June 18, Aztec Network was attacked twice in a row due to an old contract deployed 2 years ago, with total losses exceeding $4 million.GoPlus Security believes that traditional auditing methods are insufficient to effectively cover legacy contracts, and adopting AI-based Always-on Audit services may be the most effective solution currently available, capable of conducting security checks on old contracts in a short period while balancing reliability and cost.

According to Jinshi, U.S. stock AI chip stocks showed mixed results before the market opened, with Qualcomm rising 13%, Intel up nearly 6%, AMD up nearly 4%, while Baidu fell 2% and Google dropped 1.4%.

According to Jinshi reports, Qualcomm's stock rose over 14% after hours, and Qualcomm's CFO stated that the goal is to achieve $5 billion in revenue from AI data center business by fiscal year 2027.

According to Caixin, Xiao Rui, the son of former Wuhan Municipal Supervisory Commission member Xiao Jun, is suspected of receiving approximately HKD 4.72 million in bribes from mainland construction contractors on behalf of his father, and has laundered over HKD 64 million through underground money houses. On June 23, the Hong Kong Regional Court found Xiao Rui guilty of four counts of "money laundering" and one count of "using a false document," with the judge set to announce the sentence on July 23.In 2014, Xiao Rui was approved to reside in Hong Kong. That same year, he used his HSBC account to purchase two funds from Sun Life Financial for HKD 10 million to meet the investment requirements of the aforementioned immigration plan. Between January 2016 and September 2017, Xiao Rui's Standard Chartered and DBS accounts received multiple remittances, totaling over HKD 54 million.Regarding the "money laundering" charges, Xiao Rui argued in court that the large sums involved were legitimate earnings from his mother's business, given to him for investment in Hong Kong, with some funds also coming from the sale of Bitcoin. Concerning the explanation about Bitcoin, the judge rejected his testimony as Xiao Rui could not provide any basic records such as transaction dates, numbers, or wallet addresses.

Qualcomm announced that it has reached an agreement to acquire Modular to strengthen its generative AI and agent-based AI software foundation for data centers and edge environments. The transaction is expected to be completed in the second half of 2026, subject to customary closing conditions and regulatory approvals.Qualcomm stated that Modular provides an open AI-native software stack that enables AI to run efficiently across different hardware architectures. Its unified platform supports CPU, GPU, NPU, and custom ASIC architectures without the need to rewrite models for each type of accelerator. For developers and enterprises, this means they can build once and deploy in different environments while reducing overall ownership costs.Qualcomm noted that as AI scales, efficiency rather than capability is becoming the limiting factor. Performance per watt will impact inference costs, and costs determine whether AI can scale. This acquisition will further help Qualcomm provide a chip-agnostic computing layer between devices, edge, and data centers, improving performance per watt, increasing hardware flexibility, and expanding the open developer ecosystem.

The Hong Kong Securities and Futures Commission released the "2025-26 Annual Report," showing that Hong Kong's capital market achieved significant growth across various asset classes in the past year, including investment funds, digital assets, and the stock market. Among them, the growth of tokenized investment products accelerated. As of March, the managed assets of 13 retail products approved by the Securities and Futures Commission increased nearly sixfold year-on-year, reaching HKD 10.8 billion. At the same time, the total market value of 11 virtual asset spot ETFs reached HKD 4.3 billion, a substantial increase of 90% since their launch in 2024, recognizing Asia's first Solana spot ETF. The trading volume of 12 licensed virtual asset trading platforms increased significantly by 125% within a year.

According to Jinshi, Qualcomm's stock in the U.S. night market once rose over 4%, and the current increase has narrowed to 3%. The news states that Qualcomm is in talks with ByteDance to provide customized chip design services.

According to Bloomberg, the European Parliament's Economic and Monetary Affairs Committee (ECON) has approved a position paper on the legal framework for the digital euro, paving the way for negotiations with member state governments and the European Commission on the final rules. The plan will advance both the online and offline versions of the digital euro, with the European Central Bank aiming to complete the launch by 2029 and to conduct a pilot within the next 12 months to validate the infrastructure in real-world scenarios. Regulators hope that the digital euro issued by the European Central Bank will reduce reliance on Visa, Mastercard, and dollar-denominated stablecoins, while providing a "secure European domestic option" for retail payments without eliminating physical cash.

According to Jinshi reports, the Economic Committee of the European Parliament has passed the regulatory proposal for the digital euro.

According to a report by The Information, the confidential IPO registration draft submitted by OpenAI shows that as of the end of March 2026, OpenAI's balance sheet exhibits "light asset" characteristics, with zero debt on the books and capital expenditures of only $46 million in the first quarter. However, in reality, the company has placed substantial infrastructure expenditures off the books, with future procurement commitments in chips, energy, and data centers reaching up to $665 billion. Financial data indicates that OpenAI's actual net loss in the first quarter was approximately $8.5 billion, with revenue costs amounting to $3.5 billion.Additionally, OpenAI demonstrates a very high characteristic of related-party funding cycles. In the first quarter, 72% of its revenue costs and 45% of total expenditures flowed to related parties (expected to be primarily Microsoft), and it directly used $488 million in equity to settle part of its computing power bills. In the data center joint venture project within its consolidated financial statements, nearly $5 billion in book losses is accounted for as belonging to external partners. The documents also reveal that its main competitor, Anthropic, is similarly engaging in large-scale off-balance-sheet expansion, including $4.5 billion in data center service commitments and $35 billion in chip leasing orders.

The Hong Kong Securities and Futures Commission has announced that it has listed Aurum/Aurum Foundation as a suspicious virtual asset trading platform. The Hong Kong Securities and Futures Commission stated that the company claims to be registered in Hong Kong under the Companies Ordinance and provides virtual asset, futures contracts, and derivative trading services on its relevant website, but the company is not licensed by the Hong Kong Securities and Futures Commission and is suspected of conducting unlicensed activities.