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The Federal Reserve's Harker reiterated that interest rates must be raised now, and the labor market is stable.

JPMorgan Chase today officially raised its target level for the S&P 500 index at the end of 2026 from 7800 points to 8000 points, primarily due to a robust outlook for corporate earnings, while major tech companies are increasing their AI investments, which is expected to significantly accelerate revenue growth. This target level has about a 3% upside compared to the S&P 500's closing level last Friday.Currently, at least seven brokerage firms expect the S&P 500 to reach 8000 points by the end of 2026. JPMorgan analysts stated that as backlogged orders convert into actual revenue, the cloud computing business is expected to maintain strong growth, which will validate the rationale for AI capital expenditures and further alleviate market concerns about the return on invested capital. According to data from the London Stock Exchange Group, among the 436 S&P 500 constituent companies that have disclosed their Q2 financial reports, 85.1% exceeded analysts' expectations, significantly higher than the long-term average of 68% since 1994. So far this year, driven by optimism related to AI, the S&P 500 index has risen by about 13%.

Bloomberg data shows that Asian companies raised over $83 billion through IPOs, private placements, and block trades in July, setting a record for the highest monthly total. Among them, South Korean chip giant SK Hynix raised $26.5 billion through its U.S. listing, becoming the largest financing project.In August, Asian stock financing activities remained active, with the Indian government selling shares of state-owned insurance giant LIC, raising $3.3 billion. Cathy Zhang, head of Morgan Stanley's Asia-Pacific ECM, stated, "We remain optimistic about the capital market outlook for the second half of this year, especially in Hong Kong, mainland China, and Taiwan." She expects multiple transactions exceeding $1 billion to be initiated in the coming months, primarily focused on consumer internet, industrial technology, and AI-related fields.

The on-chain financial experimental team TokenWorks announced that it has increased the proportion of fees from its Fake World Assets (FWA) protocol used for buybacks from 80% to 100%.TokenWorks also updated the distribution ratio of the repurchased tokens: 40% allocated to buyers, 30% allocated to depositors, and 30% for destruction. The v4 pool trading still retains a 1% fee for TokenWorks.

According to Jinshi, the U.S. Treasury Department expects that in the quarter from July to September 2026, the net marketable debt financing held by the private sector will reach $739 billion, assuming a cash balance of $950 billion at the end of September. This estimate is $68 billion higher than the data released in May, primarily due to a projected decrease in net cash inflows.The U.S. Treasury Department expects to finance $628 billion in the quarter from October to December 2026, assuming a cash balance of $850 billion at the end of December.

Bitcoin News posted on the X platform that Strategy raised $17.06 billion through its capital plan in 2026, of which $7.53 billion comes from STRC, increasing its holdings to 843,800 BTC. The company established a $3.75 billion USD Reserve, sufficient to cover over 2.1 years of preferred stock dividends and interest payments.Strategy repurchased $1.5 billion of convertible notes at an 8% discount and repurchased STRC below par, while selling $218 million in Bitcoin to help pay preferred stock dividends. Future Bitcoin sales may also be used to replenish reserves and fund stock buybacks. The report also introduced two new metrics. The BTC Hurdle ARR is currently 10.8%, representing Strategy's effective credit cost. CFO Andrew Kang stated that when Bitcoin's annual return exceeds this threshold, the net Bitcoin growth per share will outpace Bitcoin itself.The document outlines the financial system that Strategy is building around its Bitcoin treasury. The USD Reserve, Bitcoin Monetization Program, Digital Credit framework, debt repurchase, and new KPIs all belong to the same structure. The company is creating a model to raise capital, manage liabilities, pay investors, and measure performance from the perspective of Bitcoin per share.

According to The Information, Jump Capital has raised a $350 million fund for AI investments.The company spun off its cryptocurrency team into Jump Crypto in 2021, which is the digital asset division of Jump Trading.

Dutch crypto finance protocol Tori Finance announced that its institutional-grade Delta neutral yield product strUSD has completed a $50 million pre-deposit fundraising before its official launch, reaching the cap in just 7 days. Tori stated that strUSD offers an annualized yield of approximately 12%, with returns derived from global arbitrage trading strategies traditionally used by financial institutions, rather than from the circulation of funds in the crypto market. This strategy achieves low correlation with crypto market cycles by borrowing in low-interest currencies, investing in high-interest markets, and utilizing foreign exchange hedging to lock in dollar returns.Tori founder Samed Duzcay mentioned that such trades were previously mainly participated in by large institutions like pension funds and banks, which typically required a funding threshold of tens of millions of dollars and involved complex processes such as local bank accounts, custody, tax, and compliance approvals. Tori opens up these institutional strategies to ordinary users through on-chain tokenization. Users can deposit USDC or USDT to obtain the synthetic dollar asset trUSD and stake to earn strUSD. This asset is based on the ERC-20 standard and can be integrated with DeFi protocols such as Morpho, Pendle, and Curve, and can also be used as collateral for lending to further amplify returns.Tori claims that the protocol constructs an on-chain balance sheet through zero-knowledge proofs and trusted execution environments, with independent verification agency Accountable conducting real-time audits of off-chain fund situations; digital asset investment firm RockawayX serves as the risk management party and anchor liquidity provider. Additionally, Tori's smart contracts have been audited by Sherlock and Nethermind, and Hypernative has been introduced for round-the-clock security monitoring, with all contract upgrades set to a 24-hour delay mechanism. Tori stated that its goal is to bring the neutral yield strategies used by traditional financial institutions for decades into the on-chain financial system, promoting the integration of real yields with DeFi infrastructure.

According to The Block, Benchmark Equity Research raised Hut 8's target price from $165 to $195 on Wednesday. This is the second time this month that the agency has raised Hut 8's target price, mainly due to the full commercialization of its Beacon Point AI data center campus located in Texas.Hut 8 previously announced that it had signed a second 15-year lease agreement with existing tenants, with a total value of $9.8 billion, increasing the contracted capacity of the Beacon Point campus to 704 MW and raising the total contract value of this 1 GW campus to $19.6 billion. Benchmark stated that the latest target price still has about 75% upside potential compared to Hut 8's stock price of approximately $111 at that time.In addition, Benchmark's valuation of Hut 8 also includes its holding of 10,278 bitcoins, valued at nearly $680 million at current prices, as well as its 60% stake in American Bitcoin Company.

According to Jinshi News, Bernstein has raised its gold price target for 2026 to $4,533 per ounce, citing that central banks around the world are diversifying their reserves and that the Federal Reserve is expected to raise interest rates only once or twice in the next year at most.

According to official news, the closed-end investment company RoboStrategy, focused on robotics and physical AI, announced the completion of a series of private equity issuances, issuing 450,684 shares at a weighted average price of approximately $35.5, raising about $16 million.Among them, RoboStrategy CEO Andrew Kang subscribed to 272,405 shares at a price of $36.71 million, investing approximately $10 million.

The Bank of Korea raised the benchmark interest rate by 25 basis points to 2.75%, marking the first rate hike since January 2023. Among 37 economists surveyed by Reuters, 36 expected the Bank of Korea to raise rates to this level, and the result met market expectations.

The U.S. Securities and Exchange Commission announced that the rule change submitted by the New York Stock Exchange on July 6 is effective immediately, significantly raising the position limit and exercise limit for BlackRock's Bitcoin Spot ETF IBIT options from 250,000 contracts to 1,000,000 contracts, in order to meet the rapidly growing demand for IBIT options trading and enhance market liquidity and market maker capacity.

According to Jinshi reports, a survey of fund managers by Bank of America shows that fund managers have raised the allocation ratio of U.S. stocks to the highest overweight level since December 2024.

MINIMAX (00100.HK) announced that it will raise approximately HKD 16.041 billion through the placement of new shares and the issuance of zero-coupon convertible bonds. According to the announcement, the company will place 35.6 million new Class A shares at HKD 268 per share (approximately a 9.89% discount to the closing price of the previous trading day), expecting to raise about HKD 9.541 billion; at the same time, it plans to issue zero-coupon secured convertible bonds with a total principal amount of HKD 6.5 billion due in 2027, with an initial conversion price of HKD 335 per share (approximately a 12.64% premium to the closing price). Morgan Stanley and UBS are acting as arrangers for this transaction, and the placement and bond issuance are independent of each other and not conditional upon one another. If all the bonds are ultimately converted into shares, the two transactions will add up to approximately 55 million shares, accounting for nearly 15% of the company's expanded total share capital. Regarding the use of funds, MINIMAX stated that about 80% of the net proceeds are intended to strengthen AI infrastructure and model development, 10% to accelerate the global commercialization of products, and the remaining 10% for working capital and general corporate purposes.

According to Jinshi reports, the Joint Maritime Information Center (JMIC) has raised the maritime security threat level in the Strait of Hormuz to "severe."

Vitalik Buterin posted that there is a winner in the AI anonymous recognition challenge experiment he previously initiated. In this experiment, he wrote the Chinese version of EIP-7503 (Zero-Knowledge Wormhole) in 2024, manually corrected after using Qwen 2.5 for local translation, in an attempt to hide his identity.The article states that although the prose style was effectively blurred, the AI successfully identified it by detecting unique thinking habits in mathematics and algorithm explanations (such as specific numerical examples and logical chains), completely bypassing its obfuscation strategy that only targeted prose.

According to Taiwan's Economic Daily, passive component leader Yageo has notified customers that starting from July 1, it will comprehensively increase the prices of its entire line of capacitor solutions, covering MLCC, aluminum electrolytic capacitors, tantalum capacitors, and polymer aluminum capacitors, marking the largest increase in recent years. Industry insiders pointed out that this move mainly reflects the continuous rise in global manufacturing costs due to geopolitical factors, energy, raw materials, and international freight rates. As capacitor products account for about 50% of Yageo's revenue, the market expects this round of price increases to significantly boost its revenue and profits.Driven by strong demand for AI servers and automotive electronics, Yageo's stock price hit the daily limit yesterday, reaching 1,140 New Taiwan Dollars. However, due to recent volatility in the Taiwan stock market, the market reported a significant default settlement event involving Yageo's stock last night, with a total declared amount of 38.8 million New Taiwan Dollars, marking the 15th major default settlement case accumulated in Taiwan's listed market this year.

According to monitoring by Lookonchain, Maji (Huang Licheng) is selling Bored Apes at a loss to raise funds to go long on ETH on Hyperliquid. In the past month, Maji has sold 34 Bored Apes for a total of 326 ETH (approximately $514,000), incurring a loss of 399 ETH (approximately $631,000).Huang Licheng's biggest loss occurred on Bored Ape #6057, which he purchased four years ago for 76.84 ETH and is now selling for only 7.65 ETH, resulting in a loss of up to 90%.Meanwhile, Huang Licheng has been forcibly liquidated multiple times on Hyperliquid. Just 3 hours ago, he was liquidated again, leaving only $81,000 in his account.

SATA under Strive has raised funds in the first week after paying daily dividends, enough to purchase over 603 BTC.