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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 on-chain analyst Ai Yi (@ai_9684xtpa), a16z affiliated entities have stopped accumulating $HYPE in the past week and have transferred a total of 77,402 HYPE to various exchanges in the last 5 hours, worth approximately 5.18 million dollars. It is worth noting that this entity does not have a low frequency of transferring coins to exchanges, but this transfer amount is still relatively small compared to the scale of their previous large-scale accumulation.

According to Gate market data, the pressure of the yen's depreciation continues to intensify, with the USD/JPY reaching the 162 mark for the first time since December 1986.

According to CoinDesk, tokenization infrastructure provider Securitize has received shareholder approval to merge with Cantor Equity Partners II (CEPT) SPAC, with the transaction expected to be completed on Wednesday. The merged company will be listed on the New York Stock Exchange on Thursday under the stock ticker SECZ. CEPT's stock price surged by 20% at one point during trading on Monday.

According to Jinshi reports, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in July is 70.1%, while the probability of a cumulative rate hike of 25 basis points is 29.9%. By September, the probability of keeping interest rates unchanged drops to 37.2%, while the probability of a cumulative rate hike of 25 basis points rises to 48.8%, and the probability of a cumulative rate hike of 50 basis points is 14.1%.

According to Jinshi reports, the US dollar index fell on the 29th, decreasing by 0.25% that day, closing at 101.105 in the foreign exchange market. 1 euro exchanged for 1.1425 US dollars, higher than the previous trading day's 1.1386 US dollars; 1 pound exchanged for 1.3257 US dollars, higher than the previous trading day's 1.32 US dollars; 1 US dollar exchanged for 161.97 Japanese yen, higher than the previous trading day's 161.74 Japanese yen; 1 US dollar exchanged for 0.8075 Swiss francs, lower than the previous trading day's 0.8097 Swiss francs; 1 US dollar exchanged for 1.4203 Canadian dollars, higher than the previous trading day's 1.4192 Canadian dollars; 1 US dollar exchanged for 9.7084 Swedish kronor, lower than the previous trading day's 9.7409 Swedish kronor.

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 SoSoValue data, as of 8 AM Eastern Time on June 29, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $14.65 million, a decrease of 83% compared to last week.Strategy (formerly MicroStrategy) did not purchase Bitcoin last week. At the same time, Strategy announced two securities repurchase plans, each up to $1 billion, targeting Class A common stock and digital credit preferred stock led by STRC, with an annual dividend yield of 8% to 10%, aiming to optimize the capital structure without consuming existing dollar reserves. To fund the aforementioned repurchases and support daily capital expenditures, the board also approved a Bitcoin liquidation plan, allowing the company to generate up to $1.25 billion in additional revenue by selling Bitcoin to replenish dollar reserves, and to pay maturing preferred stock dividends and interest expenses (or to replenish dollar reserves after such payments) when management deems it more beneficial than issuing Class A common stock or other capital market transactions, as well as to provide additional funding support for the two repurchase plans (including related taxes and transaction fees). Although this move by MicroStrategy releases the liquidation authorization, it currently serves only as a reserve shield for repurchases, with actual "momentum not sold"; its core logic has shifted from the initial "aggressive expansion of the balance sheet" to the refined operational phase of "utilizing crypto assets to optimize equity capital structure and reduce the capital cost generated by high-yield stocks."The Japanese listed company Metaplanet did not purchase Bitcoin last week, marking ten consecutive weeks without purchases.In addition, two other companies purchased Bitcoin last week. Hong Kong's global digital health, consumer goods sales, and artificial intelligence computing power technology group CIMG announced that it has just completed the first phase of a large stock and warrant issuance, receiving $13.5 million paid in Bitcoin (207.7 Bitcoins at an average price of $65,000), bringing its total holdings to 937.7 Bitcoins; Brazilian Bitcoin company OrangeBTC announced on June 29 that it invested $4.9 million to purchase 74 Bitcoins at a price of $66,233, bringing its total holdings to 3,896 Bitcoins.As of the time of writing, the total amount of Bitcoin held by the global listed companies (excluding mining companies) in the statistics is 1,142,484 Bitcoins, an increase of 0.02% compared to last week, with a current market value of approximately $6.852 billion, accounting for 5.7% of Bitcoin's circulating market value.

According to Jinshi, the parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange Group (ICE) plans to launch new futures contracts linked to global monetary policy decisions and U.S. natural gas inventories, aimed at providing investors with a way to hedge against economic event risks. ICE plans to introduce futures products based on interest rate decisions from the Federal Reserve, European Central Bank, and Bank of England, expected to go live on August 10 after obtaining regulatory approval.

On June 29, WEEX announced that the platform has launched the $GetRichQuick 0 transaction fee event: New users who net recharge 100 U and have their first transaction as GetRichQuick/USDT spot can receive a reward of 10 USDT; both new and existing users whose $GetRichQuick spot trading volume reaches 100 U can participate in sharing a prize pool of 10,000 USDT based on trading volume rankings; invite friends to participate in this event to earn up to 1,000 USDT in rewards. Event time: 6/26 18:00 - 7/3 18:00 (UTC+8).

According to a report by Reuters, informed sources revealed that Chinese memory chip manufacturer Changxin Memory Technologies (CXMT) has reached a long-term supply agreement with Tencent worth over 20 billion yuan (approximately 3 billion USD). This agreement mainly covers the supply of DRAM chips for servers over the next 3 to 5 years.The report pointed out that this large-scale cooperation comes as Changxin Memory is preparing for a 29.5 billion yuan IPO on the Shanghai Star Market. It is reported that Changxin Memory is currently negotiating similar collaborations with several other leading Chinese internet companies and is constructing a new DRAM factory in Shanghai. Once the new capacity is fully operational, its monthly DRAM wafer production capacity is expected to double to about 600,000 wafers.

According to CoinDesk, the cryptocurrency exchange BitMEX has recently made significant adjustments to its executive team, with former CEO Stephan Lutz, CFO Ina Steiner, and Chief Growth Officer Raphael Polansky all having left the company. The company's former Global General Counsel and COO Peter Wilkinson has taken over as the new CEO.The report indicates that amid the ongoing downturn in the cryptocurrency market, BitMEX, which is reportedly seeking a sale, may be aiming to streamline operational costs to enhance its appeal to potential buyers.

According to BBX data, last weekend Japan's largest financial group completed the most important cryptocurrency acquisition, and U.S. bipartisan senators launched a new regulatory offensive against prediction market platforms. The core developments are as follows:SBI Holdings, Inc. (Tokyo Stock Exchange: 8473) announced the acquisition of the Japanese cryptocurrency exchange Bitbank (privately held) for approximately $289 million. After the transaction is completed, SBI's cryptocurrency business will surpass all competitors, creating Japan's largest cryptocurrency exchange. SBI Holdings is one of Japan's largest independent financial services groups, already owning cryptocurrency-friendly network bank SBI Shinsei Bank, cryptocurrency asset custodian SBI Digital Asset Holdings, and multiple Bitcoin mining and cryptocurrency venture capital investments. Bitbank is one of Japan's largest spot BTC exchanges and holds an official cryptocurrency exchange license from the Financial Services Agency (FSA) of Japan. This acquisition marks a shift for traditional Japanese financial institutions from "strategic trial" in the cryptocurrency sector to "scale acquisition dominance," alongside the joint stablecoin plan of the three major banks: Mitsubishi UFJ ($MUFG), Sumitomo Mitsui ($SMFG), and Mizuho ($MFG) (targeting March 2027), forming the most intensive wave of cryptocurrency layout in Japan's financial industry by 2026.U.S. Senators John Curtis (Republican, Utah) and Adam Schiff (Democrat, California) reported on June 28 that they jointly sent a letter to the CFTC, urging it to conduct a formal investigation into the prediction market platform Polymarket (privately held), citing a "concerning" investigative report regarding Polymarket's "deceptive marketing" practices, which accused it of systematic misleading in user acquisition and risk disclosure. This is the third regulatory offensive against prediction market platforms initiated by Congress this year (previously, the House Oversight Committee launched an insider trading investigation on May 22); the two senators come from different parties, which is significant. For Robinhood Markets, Inc. (NASDAQ: $HOOD), this investigation poses indirect pressure—Robinhood's prediction market/event contract business (which achieved a record daily trading volume in June) faces the same regulatory qualitative disputes as Polymarket; however, Robinhood's defensive advantage lies in its ongoing application for a CFTC Designated Contract Market (DCM) license, providing a clearer compliance path compared to Polymarket.

According to Jinshi reports, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in July is 69.5%, while the probability of a cumulative rate hike of 25 basis points is 30.5%. By September, the probability of keeping interest rates unchanged drops to 40.4%, while the probability of a cumulative rate hike of 25 basis points rises to 46.9%, and the probability of a cumulative rate hike of 50 basis points is 12.8%.

According to crypto KOL AB Kuai.Dong's post on platform X, Strategy has an office in the country. This company was established in 2007 and initially focused on traditional software outsourcing. Although it later transformed into the world's largest Bitcoin reserve company, this business and office location are still maintained in Hangzhou. Currently, job postings on recruitment platforms indicate that they are still hiring, primarily for technical positions.

According to CoinDesk, Binance founder Zhao Changpeng stated that the significant decline in the crypto market in the first half of 2026 does not have a single cause. Geopolitical tensions, investors shifting funds to AI, and the typical four-year cycle of crypto may collectively lead to the continued decline of Bitcoin and other crypto assets. Bitcoin reached a historical high of over $126,000 last October and has since fallen by about 50%. At the beginning of this year, Bitcoin opened near $89,000, briefly rose to just above $96,000, and then dropped to around $60,000.In the long term, the crypto industry will continue to develop, and the demand for fintech will increase as the number of transactions continues to rise, so they are not concerned about the industry itself or short-term price fluctuations. They stated that emerging industries like AI are absorbing "hot money" from the crypto sector, but in the long run, this could be a positive factor. When discussing prediction markets, Zhao Changpeng mentioned that the rapid growth of prediction markets as tools for price discovery and liquidity is a good thing for the public.Regarding regulation, Zhao Changpeng stated that separate bills like the U.S. Clarity Act are important but more tactical matters that will not determine the long-term growth of the crypto industry. He hopes the Clarity Act can pass and believes that if U.S. legislation is delayed, other countries may take the lead in advancing rule-making.Zhao Changpeng also mentioned that if the U.S. Democratic Party regains control of at least one chamber of Congress after the midterm elections, there may be a review of Trump's support for the crypto industry and his pardons for crypto executives. Zhao Changpeng stated he "has nothing to hide" and is willing to cooperate if relevant parties seek information. When discussing political influence, Zhao Changpeng said he tries to stay away from U.S. politics but believes that any anti-crypto individuals may now lose a significant number of votes.

The Sui Network developer Mysten Labs announced a long-term roadmap on June 16, aiming to create underlying blockchain infrastructure that supports the flow of global value, covering stablecoins, real-world assets (RWA), institutional-level financial products, and privacy trading scenarios.The SUI ecosystem decentralized premium trading platform Premium Exchange, incubated by NAVI Protocol, also announced that its core ecological token PST will soon be available for trading. As the value hub of the PRE DEX ecosystem, PST is deeply integrated with the six major sectors of the platform. The operation of each sector will promote token consumption and supply reduction, forming a positive flywheel of "ecological use --- consume tokens --- reduce supply --- enhance value," with scarcity amplifying alongside ecological expansion.

According to publicly disclosed information, the Roundhill Memory ETF (DRAM) has included GigaDevice Semiconductor in its holdings, with a weight of 2.91%. Critini Research analyst Jukan pointed out that GigaDevice Semiconductor is the parent company or affiliated entity of Chinese DRAM manufacturer CXMT.The DRAM ETF focuses on memory chip companies, primarily holding giants like Samsung, Micron, and SK Hynix.CXMT was co-founded by GigaDevice Semiconductor founder Zhu Yiming, and there is technical, foundry, and investment cooperation between the two parties. This move highlights the initial exposure of the domestic DRAM industry in China within international ETFs.

According to the Financial Times, Apple is lobbying the Trump administration for approval to purchase memory chips from Chinese chipmaker Changxin Storage. Due to multiple factors leading to a rise in memory prices, Apple unusually raised the prices of MacBook and iPad on Thursday, resulting in a market value loss of $263 billion. Apple hopes to alleviate the financial pressure from suppliers by including Changxin Storage in its list of memory suppliers.Changxin Storage and Yangtze Memory Technologies have currently been placed on the U.S. Department of Defense's blacklist of Chinese military companies (the 1260H list). The U.S. Department of Commerce had planned to add Changxin Storage to the entity list last year, but the White House postponed the plan due to ongoing trade negotiations with China at that time. Currently, aside from Chinese companies, the global memory chip industry is mainly dominated by three companies: U.S.-based Micron, and South Korea's Samsung and SK Hynix.

According to Jinshi reports, Federal Reserve official Kashkari stated that he expects to raise interest rates once in 2026, and the rates will remain unchanged in 2027.