efficiency

According to a report by Fortune, OpenAI Chief Financial Officer Sarah Friar stated that AI can help finance teams identify issues more quickly, optimize forecasts, and enhance decision support capabilities, but it cannot replace human judgment, accountability, and financial rigor.She pointed out that OpenAI is building an "AI-native" financial system, with goals including achieving "zero-day closing" and continuously updating forecasts, and suggested that companies restructure processes around decision-making to enhance efficiency while strengthening control and accountability mechanisms.

A report jointly released by the Bitcoin collateral lending platform CoinRabbit and the computing power platform GoMining points out that managing Bitcoin is more important than mining it. As the block reward drops to 3.125 BTC and the overall network difficulty approaches historical highs, low electricity prices and high uptime only constitute a survival baseline. What truly differentiates mining companies is the method of handling Bitcoin after it is mined.The report suggests that mining companies are shifting from direct sales to collateralized lending to cover recurring expenses such as electricity, custody, and labor. This approach retains exposure to holding Bitcoin while generating cash flow, avoids taxable sales, and preserves the deduction space for operating expenses. The trade-off is that mining companies simultaneously bear the dual risks of price and liquidation when Bitcoin prices decline.Jeremy Dreier, Chief Business Development Officer of GoMining, stated that the miners who can succeed after the halving are those who operate efficiently and have set aside cash in advance for this purpose. The current decline in Bitcoin prices has actually lowered the cost of increasing computing power, creating a window of opportunity for investing in expanding mining machines.

According to Jinshi, Dallas Federal Reserve President Logan stated that if the Federal Open Market Committee conducts open market operations through a voluntary central clearing mechanism, it will help improve the efficiency and effectiveness of operations and enhance the stability of the U.S. financial markets.She pointed out that the relevant arrangements could improve the use of Federal Reserve tools, such as the standing repo facility, which is designed to provide liquidity to eligible financial institutions, but the current market usage rate remains relatively low.

As tokenized securities transition from "holdable assets" to "usable capital," the role of xStocks in on-chain trading scenarios is changing. The trading platform Nado, built on Ink, launched the xStocks / xPoints event on July 8, providing a new entry point for RWA asset points and capital efficiency.During the event, users who deposit supported assets such as AAPLx, METAx, NVDAx, QQQx, GOOGLx, SPYx, and TSLAx into Nado will receive a 25% xPoints bonus on their TVL. If users trade xStocks in the Nado spot market, they can also unlock up to a 30% xPoints bonus based on daily trading volume, while simultaneously earning Nado Points.Nado's unified margin account allows xStocks to be used as collateral for contract trading. The same asset can simultaneously function in holding, trading, collateral, and point acquisition, further amplifying the capital efficiency of tokenized U.S. stocks in the on-chain trading system.

According to CoinDesk, Thomas Sy, head of multi-asset solutions at New York Life Investment Management (NYLIM), stated that the core application of the next phase of tokenization will be to achieve "personalized portfolio construction," rather than merely enhancing settlement efficiency or extending trading hours.NYLIM manages approximately $807 billion, with about $11 billion overseen by Sy's team. He pointed out that blockchain technology is expected to enable asset management institutions to customize complex portfolio strategies for different investors on a large scale, a capability that is currently difficult to achieve within the traditional financial system.Sy indicated that the core of asset management will shift towards "highly customized" solutions in the future, and blockchain is the only technological path that can achieve this goal at scale. He believes that tokenization is not just about putting ETFs, bonds, or private credit on-chain, but more importantly, about reconstructing the way portfolios are built.He also noted that current asset portfolios typically involve a mixed allocation of ETFs, bonds, and private assets, but due to operational complexities, personalized strategies are difficult to scale. Tokenization is expected to "embed customization logic into the assets themselves," reducing operational costs and enhancing efficiency.In addition, Sy stated that stablecoins have become a key entry point for traditional finance to enter the blockchain space, with the current scale of stablecoins exceeding $300 billion, being used for cross-border payments and fund management. He believes this trend will gradually drive institutional demand for on-chain income-generating assets.In the area of decentralized finance (DeFi), NYLIM is still researching related applications, but Sy emphasized that institutional participation still requires more mature infrastructure, including the improvement of tokenized collateral, clearing mechanisms, and the prime brokerage service system.

According to the mid-year open letter released by Bitget CEO Gracy Chen, there has been a significant structural change in user behavior on the platform in the first half of 2026: the trading volume of non-crypto assets peaked at nearly 40% of Bitget's overall trading volume; the daily trading volume of CFDs exceeded $10 billion; 52% of users held both stocks and cryptocurrencies; and 35% held gold and other precious metals, indicating that cross-asset trading has become a mainstream habit.Gracy Chen pointed out that as a panoramic exchange (UEX), Bitget's core goal is not to create an "asset supermarket," but to reconstruct the underlying logic of user participation in the global market around four core values: "asset efficiency, crypto-native experience, financial equality, and reducing burdens." On the business implementation level, Bitget has accelerated its layout through a dual-track solution of U.S. stock tokens and direct connections to U.S. stocks, supporting 24/7 trading of various assets to break the time zone and regional barriers of traditional finance.In addition, with the deep integration of AI tools into the execution layer, 51% of users have already used AI-driven trading tools in the first half of the year, and the number of AI trading users on the platform has surpassed 1 million.

CryptoQuant CEO stated that the capital efficiency of Bitcoin is continuously declining------In 2011, a net inflow of only $5 million could double the price, while this cycle requires about $101 billion to achieve the same effect. He believes that the next parabolic bull market cycle may require net capital inflows on the order of trillions of dollars, and Bitcoin must transition from being dominated by retail-driven ETF trading to becoming a core macro asset. If Bitcoin's actual market value can exceed $1 trillion, the next bull market is still expected to occur, while the current market value of gold has reached $27 trillion, indicating significant growth potential in comparison.

Gate CrossEx, launched by Gate in 2025, is attempting to address the long-standing issue of institutional capital fragmentation in an "exchange-native" manner. This product achieves instant collateral scheduling and cross-platform profit and loss hedging between multiple exchanges through a unified margin pool and internal credit settlement mechanism, reducing the capital occupation and clearing risks caused by on-chain transfer delays.The core significance of Gate CrossEx is not limited to a single functional innovation, but rather it further aligns with the traditional financial Prime Brokerage model at the level of cryptocurrency trading infrastructure. Currently, CrossEx has covered multiple mainstream trading platforms and supports over 5,000 assets as collateral or trading targets. Since the launch of its Beta version, both its asset scale and trading volume index have shown rapid growth. In the context of industry competition shifting from "traffic-driven" to "capital efficiency and institutional capability-driven," Gate is continuously strengthening its layout in the institutional-level trading infrastructure field through CrossEx, further consolidating its competitive advantage in the global cryptocurrency market.

According to CoinDesk, the latest research from Project Agorá, led by the Bank for International Settlements (BIS), shows that tokenization technology is expected to significantly improve settlement speed and reconciliation efficiency in cross-border payments, while reducing transaction failures and operational risks.The project involves BIS collaborating with seven central banks and over 40 financial institutions, including the New York Fed, Bank of England, Bank of Japan, and Swiss National Bank. The research suggests that tokenizing central bank reserves and commercial bank deposits can support "atomic settlement" across currencies and jurisdictions, allowing transactions to "either complete simultaneously or fail simultaneously," thereby reducing the credit and execution risks commonly associated with cross-border payments.Currently, Project Agorá has completed the simulation testing phase and plans to enter the "real-value" trading testing phase to explore on-chain settlement applications for certain currencies and institutions in a real funds environment.

The brand new version of ChainCatcher's official website is officially launched, with a comprehensive optimization of the homepage information structure. Through clearer content categorization, more reasonable interaction hierarchy, and more intuitive display methods, high-value content can be quickly accessed on the first screen, helping users more efficiently complete information filtering, market judgment, and decision-making.The new official website has simultaneously launched or upgraded several core functions: the homepage has added a panoramic data panel that aggregates macro funds, exchange dynamics, and mainstream Token market trends, helping users quickly establish a macro understanding of the market; in-depth articles are integrated with AI intelligent summarization, significantly reducing the reading cost of long articles; the "Selected Events" calendar has been fully upgraded, supporting large token unlocks and tracking important macro events, assisting users in grasping key nodes in advance.Welcome to experience the new version of ChainCatcher and enjoy a more efficient and clearer information acquisition experience.

Vitalik Buterin published an article discussing the application prospects of Formal Verification in the field of blockchain security.The article points out that a new paradigm is emerging in Ethereum's cutting-edge research and development, where code is directly written using EVM bytecode, assembly, or Lean, and its correctness is verified using automatically checkable mathematical proofs in Lean. Researcher Yoichi Hirai refers to this paradigm as "the ultimate form of software development."Vitalik believes that AI-assisted formal verification is expected to enhance both code efficiency and security, particularly suitable for security core modules such as STARK, ZK-EVM, quantum-resistant signatures, and consensus algorithms.The article also emphasizes that formal verification is not a panacea and may still fail due to issues such as incomplete proof coverage, specification errors, and hardware side channels; in the future, software may differentiate into "security cores" and "non-security edges," with Ethereum becoming one of the important security cores.

According to SolanaFloor, the P-Token upgrade for Solana has now been launched on the mainnet, which can increase transaction efficiency by up to 20 times.After the upgrade, the computational cost of token instructions is reduced by about 96%, and it releases an additional 12% to 13% of block space without changing the block limit.

Telegram founder Pavel Durov announced on the X platform that TON has launched a unified smart contract toolchain called Acton. The new toolchain increases TON's development efficiency by 10 times, making the creation, testing, and deployment of smart contracts more convenient, and it is fully prepared for AI. This toolchain replaces TON's previous scattered tool stack, unifying it into a single development process.According to the introduction, Acton is an integrated command-line tool built around the Tolk language, covering the entire process of project creation, testing, debugging, dApp integration, deployment, and verification.

SoFi Technologies announced that its stablecoin SoFiUSD will expand to the Solana network, focusing on its low cost, high throughput, and fast settlement capabilities.SoFiUSD was launched in 2025 as a fully backed dollar stablecoin, initially deployed on Ethereum, aimed at providing 24/7 near real-time settlement infrastructure for banks, fintech companies, and enterprises. As the regulatory framework gradually clarifies, banks and financial institutions are accelerating their layout in the stablecoin sector, competing with leading issuers such as Tether and Circle.

On the X platform, "on-chain detective" ZachXBT pointed out that certain law firms in the United States are using their investigative work and on-chain forensic results to help victims of hacking incidents file legal claims, but this practice may actually affect the victims' ability to receive compensation or recover funds.In previous hacking incidents involving the Lazarus Group, these law firms typically intervene only after their on-chain fund tracking or freezing is completed, and propose follow-up legal actions that are weakly related to the crypto incidents themselves. They have also employed similar strategies for "free-riding claims" in incidents involving Harmony, Bybit, and others. ZachXBT also called for the crypto community to establish a DAO to resist such behavior.

Tether announced the launch of a new generation of modular Bitcoin mining infrastructure, enhancing energy efficiency, cost control, and scalability through its self-developed high-density computing system.The solution is built on application-specific hash board modules and developed in collaboration with Canaan Inc. and ACME Swisstech, decoupling computing, power supply, and chassis structure to achieve component-level optimization and flexible upgrades. Compared to traditional integrated mining machines, this design supports on-demand expansion, replacement of individual components, and improves thermal management efficiency. Tether stated that the new system can combine immersion cooling to reduce energy consumption and operational costs while increasing system availability. This architecture also allows for dynamic adjustment of performance output in real operating environments to meet different mining site demands. This upgrade is based on the previous development results of its open-source Mining OS (MOS) and Mining SDK, marking its extension from software control to hardware design, further strengthening its autonomous control capabilities over mining infrastructure.

According to official news, OpenAI has officially released GPT-5.5. This model has made significant progress in intelligent agent programming, computer usage, and scientific research, achieving an accuracy of 82.7% in the Terminal-Bench 2.0 test. GPT-5.5 has higher reasoning efficiency and consumes fewer tokens while maintaining the same latency as GPT-5.4.Currently, GPT-5.5 has been pushed to ChatGPT Plus, Pro, and enterprise users, with the API version set to launch soon, priced at $5 per million input tokens and $30 per million output tokens. Additionally, GPT-5.5 Pro, designed for high-difficulty tasks, has also been released simultaneously.