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According to Finsmes, AI architecture development company Pathway announced the completion of a $30 million seed round financing, with participation from Id4 Ventures, TQ Ventures, Red Bridge Ventures, Kadmos Capital, and WS Investment, an investment institution under Wilson Sonsini. Databricks Chief AI Scientist Jonathan Frankle also joined as an angel investor.Pathway is developing the "Post-Transformer" architecture called BDH (Biologically-inspired Dynamic Hierarchy), aiming to address the limitations of current Transformer models that continuously rely on more data, GPUs, energy, and capital expansion. Unlike traditional large models that require periodic retraining, BDH can continuously learn with less data and achieve ongoing adaptation.It is reported that the company has appointed former Google DeepMind Gemini product head Adam Kurzrok as Chief Product Officer, responsible for the product direction based on the BDH model, including model packaging, evaluation systems, and commercial deployment.

Independent Senator Bernie Sanders urged leading AI company CEOs to pause AI development and warned that if action is not taken, lawmakers will intervene.

ARK Invest stated that despite the latest U.S. employment data appearing weak, the overall economic situation is not as pessimistic as it seems. Cathie Wood mentioned that the U.S. federal deficit as a percentage of Gross Domestic Product (GDP) is currently 5.6%, and if productivity and technology adoption continue to improve, it may approach 5% by the end of the year.

Michael Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), wrote in The Economist that the global derivatives market is entering a new stage of development, where financial innovation needs to lead, rather than introduce regulatory models that may restrict market development.Michael Selig pointed out that for decades, derivatives (including financial contracts such as futures, options, and swaps) have been important tools for businesses, farmers, investors, and financial institutions to manage risk and optimize capital allocation. Today, the nominal value of the global derivatives market has exceeded $1.2 quadrillion, with nearly half of the market regulated by the CFTC.He stated that the United States' leadership in the derivatives field is built on generations of market competition, strong institutions, effective regulation, and an open attitude towards innovation. For a long time, global regulators have regarded the CFTC as a benchmark for efficient market regulation.Selig said, "The new era of finance needs innovation, not consensus." The United States will not introduce regulatory measures that hinder market development but will seek a balance between innovation and market efficiency. During his tenure, the U.S. will continue to play a leading role in the formulation of derivatives market rules and financial innovation, driving the market to remain competitive.

OKX Wallet's Chinese announcement states that the total locked value (TVL) of X Layer DeFi has surpassed 100 million USD, growing nearly 10 times in the past six months.At the same time, the issuance scale of X Layer stablecoins has exceeded 2 billion USD, ranking among the top ten public chains globally; the cumulative number of active addresses has surpassed 4.2 million, and the total number of on-chain transactions has exceeded 400 million. OKX Wallet indicates that as liquidity continues to accumulate and the user base steadily grows, the next step will be to attract more assets, applications, and users to enter X Layer, driving the public chain to accommodate more real demands and further improve ecological development.

According to Jinshi reports, the latest 24-hour situation tracking of the Russia-Ukraine conflict shows that Ukrainian President Zelensky stated that the supply of Ukraine's air defense systems has decreased by two-thirds compared to last year. In the Kyiv region, 16 people have died, and the number of injured has risen to 36.The Russian Ministry of Defense claimed to have damaged three ships near Odessa and disrupted logistics hubs in Kyiv and its surrounding areas. In addition, French President Macron and European Commission President von der Leyen both stated that they would continue to increase pressure on Russia, with the latter also mentioning that an additional 1.4 billion euros would be allocated to Ukraine from the profits of frozen Russian assets.

According to BTCtreasuries, the publicly listed Bitcoin mining company Cipher Digital has sold 470 BTC to fund the development of an AI data center and currently holds a total of 646 BTC. Its Bitcoin 100 ranking is 58th.

According to Bloomberg, the Nigerian Securities and Exchange Commission (SEC) has approved the listing and trading of blockchain-based traditional stock tokenized assets on the NASD OTC Securities Exchange.The NASD OTC Securities Exchange plans to officially launch this service in early September, allowing companies to issue tokenized versions of traditional stocks through blockchain technology, aimed at promoting the development of Nigeria's capital market.

According to Jinshi reports, Iranian President Ebrahim Raisi stated that Iran will defend its territory but does not seek to escalate the war. The Iranian Foreign Ministry spokesperson said that the US-Iran negotiations have been assessed as positive on both technical and political levels, but there is currently no established agenda.Regarding the Strait of Hormuz, the Iraqi Ministry of Oil stated that tankers loaded with Iraqi crude oil have passed through the strait. The CEO of the American Petroleum Institute stated that approximately 7 million barrels of oil are transported through the Strait of Hormuz daily.

Jiang Yi, Director of the Policy Research Office of the National Development and Reform Commission, stated at a press conference on July 31 that in the first half of the year, China's pace of independent innovation in artificial intelligence has accelerated. Domestic companies such as Deep Exploration and Dark Side of the Moon have successively released open-source large models with parameter scales reaching "trillion" levels, and the global download volume of domestic large models has surpassed 10 billion times. The next step will focus on strengthening research and development in cutting-edge areas such as the basic theory of large models, training and inference efficiency, multimodality, and intelligent agents, and accelerating the layout and construction of national artificial intelligence application pilot bases, while vigorously cultivating intelligent derivative enterprises.Jiang Yi pointed out that there will be a coordinated approach to high-quality development and high-level security, accelerating the legislative process of the "Artificial Intelligence Law", constructing a "development---regulation---security" closed-loop system, establishing and improving technical monitoring, risk warning, and emergency response mechanisms, and adhering to the development concept of "human-led, for human use, and benevolent to humanity," actively responding to the impact of artificial intelligence on economic operation and employment distribution.

According to Jinshi reports, the Russian Ministry of Defense stated that the Russian army has taken control of Svitly and Novosych in eastern Ukraine. Ukrainian President Zelensky mentioned that there are reports indicating Russia plans to launch a large-scale attack and has requested Trump to provide 300 "Patriot" interceptors before winter.The Ukrainian Armed Forces reported that multiple Russian facilities were attacked, including the Ryazan oil refinery and the Black Sea Fleet's ship base. An advisor from the Ministry of Internal Affairs pointed out that Russia is launching a large-scale attack on Ukraine, and cruise missiles are expected to be imminent.

According to Business Insider, Amazon is making a comprehensive adjustment to its AI strategy, gradually phasing out most of its self-developed flagship Nova models, including the high-end Premier and Omni models, the Reel video generation model, and the Canvas image generation model, with the remaining products only maintaining a "Keep The Lights On" (KTLO) status. Resources are being shifted from the existing Nova series to the new frontier model project led by researcher Pieter Abbeel (who joined through the acquisition of Covariant), with the new flagship model expected to debut at this fall's re:Invent conference.This adjustment is accompanied by organizational restructuring. Amazon laid off employees in the AGI department last week and closed the AGI Lab established in 2024 by absorbing the AI startup Adept team. AGI head Rohit Prasad left in December 2025, and AGI Lab head David Luan stepped down in February of this year. The AGI organization was integrated under Senior Vice President Peter DeSantis in December of last year, merging with chip development and quantum computing. An Amazon spokesperson responded that the company "has long supported AI models in production environments" and emphasized that "AI models remain one of the company's most important work directions," with the model lineup continuously evolving based on customer needs.

According to a report by Sifted, ETH Zurich spin-off startup ZuriQ announced the completion of a $25.5 million seed round financing.The company is dedicated to developing a new type of quantum chip architecture, which is said to have stronger scalability compared to existing solutions and is expected to accelerate the scaling process in the field of quantum computing.

Gate today announced that Lucas Sum has officially joined Gate as Head of Market Development, Equities. In this key position, Lucas will be responsible for driving Gate's global equity business market development strategy, coordinating business growth, ecosystem collaboration, market expansion, and user growth, strengthening Gate's business layout between traditional finance, digital assets, and the global capital markets, and promoting the sustainable development of a multi-asset investment ecosystem.Lucas has nearly ten years of industry experience, with a career spanning multi-asset brokerage, wealth management, payment fintech, and financial services. Before joining Gate, he was deeply involved in the market construction and business scaling development of Longbridge Securities and Moomoo Singapore (Futu Holdings) from 0 to 1, accumulating rich business development and collaboration experience in areas such as ecosystem collaboration, business model building, market strategy formulation, and user growth.Lucas stated, "I am very pleased to join Gate. Against the backdrop of the increasing integration of traditional finance and digital assets, the global investment market is ushering in new development opportunities. As global investors' demand for stock investment and diversified asset allocation continues to rise, I believe Gate will continue to improve its global equity business layout, creating a more open and convenient one-stop global investment experience. I look forward to working with partners and various parties in the financial ecosystem to further expand investment opportunities in the global capital market, continuously promote the development of Gate's equity business, and create long-term value for global investors."Lucas's addition will further enhance Gate's global equity business development strategy, strengthen the partner ecosystem, accelerate market expansion processes, and assist the platform in building a one-stop multi-asset investment platform for global investors, providing richer and more diverse asset allocation options.

According to PRNewswire, Nasdaq-listed company Canton Strategic Holdings announced that it has completed the sale of its biotechnology research and development department, Gravitas Life Sciences, to Gravitas Collective Corp. The transaction was unanimously approved by the company's board of directors and was officially completed on July 17, 2026.This sale marks the company's further transformation into an operational enterprise focused on driving the digitization of traditional financial markets around the Canton Network, promoting asset tokenization and the digitization process of financial markets, as well as financial infrastructure business.

The Binance contract platform will launch the POPMARTUSDT perpetual contract on July 23 at 10:30, with a maximum leverage of up to 25 times. The contract is priced in USDT and supports 24/7 trading.

Michael Kratsios, the Director of the White House Office of Science and Technology Policy, stated that information has been obtained showing that Moonshot AI is distilling Anthropic's Fable model by building a large-scale internal platform for the development of its K3 model, and has switched access methods multiple times to evade detection. He also pointed out that Moonshot AI has purchased GB300 servers and accessed GB300 equipment in Thailand, which may be used for training AI models. Kratsios stated that the U.S. supports legitimate distillation and open innovation but opposes the theft of U.S. technology through large-scale secret industrial distillation methods. Currently, Moonshot AI has not publicly responded to this.

Cryptocurrency financial services company Galaxy Digital announced the establishment of a $5 million Bitcoin Quantum Readiness Initiative, funding developers to research solutions to address future quantum computing threats. The program is open for applications starting today, with funding directions including quantum-resistant signature algorithms, wallet migration tools, and security audits.Galaxy stated that it hopes to attract more institutions to jointly invest and research, accelerating Bitcoin's transition to quantum-resistant cryptography. According to CryptoQuant data, if future quantum computers have the capability to crack Bitcoin's existing cryptographic algorithms, approximately 6.9 million BTC (equivalent to about $46.1 billion at current prices) may face the risk of theft. Although the industry generally believes that quantum computing does not pose an immediate threat to the Bitcoin network, related preparations should be initiated as early as possible due to the need for long-term collaboration among developers, wallets, exchanges, and users for protocol upgrades.