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The semiconductor research organization SemiAnalysis published an article stating that Nvidia is expected to experience a significant ramp-up in production capacity in the second half of this year (i.e., the second half of fiscal year 2027), with its data center computing business revenue projected to exceed current market consensus expectations by 20%.The organization noted that the issues previously delaying Nvidia's next-generation Rubin architecture chips due to technical bottlenecks with HBM4 have now been resolved, and initial reserves of front-end wafer supply have been completed, with large-scale mass production about to begin.In addition, SemiAnalysis emphasized that its forecast data is based on in-depth research across the entire industry chain, covering dynamics from upstream materials, wafer foundries, components, and server integrators, to downstream hyperscale cloud service providers and cutting-edge AI laboratories. Its tracking model also includes major AI chip ecosystem participants such as Broadcom, AMD, MediaTek, and Marvell.

According to The Block, BlackRock and Ethena Labs announced a deepened collaboration, with USDe becoming a recognized cryptocurrency asset on BlackRock's Aladdin platform, which manages $25 trillion in institutional investment and risk management.The two parties will provide a $100 million liquidity arrangement for BlackRock's tokenized treasury fund BUIDL through the tokenization platform Securitize. Eligible BUIDL clients can exchange tokens for stablecoins such as USDC and USDtb during off-market hours, or convert them back to BUIDL.Robert Mitchnick, Global Head of Digital Assets at BlackRock, stated that this arrangement provides the essential frictionless interoperability needed for the tokenized treasury fund; Ethena founder Guy Young mentioned that the next phase of digital asset adoption will be driven by infrastructure that allows traditional institutions to access on-chain products through familiar systems.BlackRock and Ethena had previously collaborated around the stablecoin USDtb (primarily supported by BUIDL). BUIDL is set to launch on Ethereum in 2024 and is one of the largest tokenized U.S. Treasury funds globally, currently with a total locked value of approximately $3 billion.

The South Korean government has announced significant project plans in the areas of chips, physical artificial intelligence, and artificial intelligence data centers. South Korean President Lee Jae-myung stated that it is necessary to ensure the development of artificial intelligence elements faster than other countries, and chip production construction must be completed as soon as possible.The current factory site selection is nearing its limits in terms of water resources and other infrastructure. The southwestern region will invest between 50 trillion to 200 trillion won in the new projects, while Gwangju and Jeolla may invest 52 trillion won in the projects. Regarding the detailed planning for the factories, the South Korean government announced that it is expected to build four chip factories in the southwest, with an investment of about 800 trillion won; Samsung Electronics and SK Hynix will each build two new factories; it is expected that investment in the chip sector will reach at least 300 trillion won over the next 15 years, including next-generation memory, edge artificial intelligence, and defense.Investment in the chip packaging cluster in the Chungcheong region is expected to reach 81 trillion won. It is anticipated that approximately 55 trillion won will be invested in the construction of artificial intelligence data centers. The South Korean government expects to double DRAM production capacity within five years, and the global memory market is expected to quadruple in five years. The South Korean side also stated that it seeks to distribute the growth dividends to the public.

Grayscale Research's research director Zach Pandl stated that rather than raising the STRC preferred stock dividend yield by 50 basis points, it would be better to sell over $3 billion in Bitcoin to meet cash payment obligations and restore market confidence. As an institutional researcher, Zach Pandl publicly suggested that Strategy's sale of over $3 billion in BTC has certain indicative significance.If Strategy ultimately implements a large-scale sale, it will bring considerable selling pressure to the market and may weaken the narrative of companies continuously hoarding Bitcoin. This viewpoint also reflects market concerns about Strategy's capital structure and its heavy reliance on the sustainability of its Bitcoin balance sheet. Attention should be paid to Strategy's official response and whether there are actual Bitcoin transfers in its on-chain wallet.

According to on-chain analyst Yu Jin's monitoring, Grayscale HYPE Spot ETF (HYPG) deposited 1.77 million HYPE (114 million USD) into staking 5 hours ago.

According to data from CryptoRank.io, the total TVL of global liquid staking protocols fell to $33.4 billion in the second quarter of 2026, a decrease of 56.1% from the historical high of $76 billion in the third quarter of 2025, marking three consecutive quarters of decline.Specifically, the fourth quarter of 2025 was $61.4 billion, the first quarter of 2026 was $45.2 billion, and the second quarter further dropped to $33.4 billion. The liquid staking sector continues to face pressure, reflecting that the overall DeFi ecosystem is still in a weak cycle.

According to Arkham monitoring, in the past 2 hours, Grayscale has deposited a total of 8,697 ETH into Coinbase Prime, worth approximately 13.77 million USD.

According to BBX data, yesterday institutional funds showed a divergence in their perception of the bottom for Bitcoin, with the core dynamics as follows:BlackRock, Inc. (NYSE: $BLK) yesterday, related entities under the company deposited 2,700 BTC (approximately $169 million) and 52,956 ETH (approximately $88.17 million) into Coinbase Prime institutional custody accounts, totaling about $257 million; reports also indicated "possible additional deposits." This deposit occurred against the backdrop of BTC approaching the key technical support level of $59,000, leading to divergent market interpretations: the optimistic interpretation believes that BlackRock is actively accumulating at the extremely low fear index of 18, signaling institutional-level bottom investment; the cautious interpretation suggests this could be passive rebalancing due to IBIT redemptions or internal asset rebalancing, and does not necessarily represent new buying. Regardless of the intent, the scale of $257 million accounts for about 0.5% of IBIT's current approximately $48 billion to $50 billion AUM, which is relatively small, but as a signal of institutional behavior in an extremely fearful market environment, it holds significant emotional reference value.Hyperscale Data Inc (NYSE: $GPUS) recently disclosed its balance sheet showing that the company holds a total of approximately $94.8 million in cash, restricted cash, Bitcoin, and silver, equivalent to 100.42% of the company's total market value of common stock—meaning the physical assets held by the company fully cover the current total market value. The company holds a 10-year, $1.2 billion AI computing power master service agreement (MSA), providing 20 megawatts of AI computing capacity for its Michigan facility, allowing for the continuous accumulation of Bitcoin and precious metals through cash flow from this contract without incurring debt. This business model—locking in cash flow with AI computing contracts and continuously accumulating hard assets with zero leverage—has been referred to by analysts as "the de-leveraged digital asset reserve model against the Strategy," providing a stark contrast in the current market context where Strategy leverage models are under pressure.

According to Business Insider, Amazon Web Services (AWS) CEO Matt Garman recently stated in an interview that concerns about AI causing mass unemployment are overstated. He believes that AI may change the way half of white-collar workers do their jobs, but just like the widespread adoption of Microsoft Excel, new technologies will reshape work while also creating new job opportunities, rather than directly eliminating positions.In addition, Garman emphasized the important value of entry-level employees in the AI era, believing that they possess a stronger willingness to learn and adaptability. It is reported that Amazon will hire over 11,000 entry-level software development engineers and interns globally this year. Garman added that in the future, companies will find "learning ability" and "adaptability" more critical than the "existing specific skills" of applicants when hiring.

According to Jinshi, European Central Bank Executive Board Member Schnabel stated that the scale and timing of further actions will depend on the Middle East conflict, inflation, and economic conditions.

Animoca Brands announced on the X platform that the company has made a strategic investment in the stablecoin payment infrastructure provider AllScale, with the specific amount undisclosed. Animoca Brands stated that in addition to the investment, both parties will also explore collaboration opportunities to support global payment flows and emerging agency commerce use cases within its ecosystem.

Grayscale posted the current protocol revenue rankings of the top 15 on-chain applications, with Hyperliquid (HYPE) ranking first with $871 million in 12-month protocol revenue, followed by Pump.fun (PUMP, $459 million) and PancakeSwap (CAKE, $322 million).The accompanying image shows that some leading applications already have real cash flow and lower operating costs, but their current valuation multiples remain low. For example, the revenue multiples for projects like PUMP, CAKE, and METEORA are only 1x, AERO is 4x, and LDO is 3x.Grayscale stated that in the context of the CLARITY Act potentially advancing in the coming weeks, these on-chain applications with real revenue and relatively reasonable valuations may become attractive investment opportunities.

Delphi Digital stated that the issuance scale of xStocks continues to grow, with its on-chain AUM surpassing 500 million dollars for the first time, and the number of independent holders exceeding 177,000. Data shows that users are still mainly flocking to well-known large tech stocks and other "household name" giants, with the top ten xStocks assets accounting for over 80% of the total scale.

According to Wall Street News, NVIDIA CEO Jensen Huang announced at the annual shareholder meeting that the era of AI agents has officially arrived. He redefined the new type of data center as an "AI factory" specifically for producing tokens, and revealed that the new Vera CPU and Vera Rubin platform, designed to meet the ultra-low latency demands of agents, have fully entered mass production. Huang emphasized that as AI creates substantial economic value, the demand for computing power is showing an accelerating expansion trend, and its core software ecosystem CUDA is gradually transforming into a toolbox dedicated to agents.Regarding market access and compliance, Huang revealed that the U.S. government has now approved the export of H200 chips to Chinese customers, but this business has yet to generate any revenue, and there remains uncertainty regarding actual importation. At the same time, he rarely issued a public warning about the risks of chip smuggling, clearly stating that NVIDIA will not provide any hardware or software support and repair services for restricted smuggled products, and bluntly said that relying on smuggling to piece together advanced AI data centers is a "dead end." Additionally, he reiterated the long-term commitment to capital returns, planning to return over 50% of free cash flow to shareholders.

According to FinanceFeeds, Hyperscale Data has signed its first master service agreement to provide 20 megawatts of AI computing power at its data center campus in Michigan, with the contract potentially generating over $1.2 billion in revenue over its entire term.The 20 megawatts of critical AI computing power covered by the agreement is expected to be operational by the fourth quarter of 2026. The initial term of the agreement is 10 years, with two 5-year extension options, and if the maximum term is exercised, it is expected to generate over $1.2 billion in revenue.Currently, the campus still operates approximately 28 megawatts of Bitcoin mining capacity, and the company expects to allocate more share to AI. As of June 21, Hyperscale Data holds 726.94 Bitcoins through Sentinum and Ault Capital Group, valued at approximately $45.9 million.

The latest report from Binance Research shows that the on-chain tokenization of real-world assets (RWA) has grown by 589% since the beginning of 2025, now exceeding $31.4 billion, further expanding from $21.5 billion at the beginning of 2026, and growing approximately fivefold since the beginning of 2025. The main drivers of growth come from bonds and money market funds, which together added about $6.5 billion, an increase of 83%. Tokenized U.S. Treasury bonds, money market funds, gold-backed assets, and tokenized listed stocks are the main driving forces behind this round of growth. Although the base for tokenized stocks is relatively small, the growth rate is particularly remarkable, indicating that issuing institutions are testing whether blockchain tracks can support the circulation of a broader range of traditional securities.Analysts point out that this round of RWA growth differs from the previous narrative of the crypto market dominated by speculative trading or DeFi yields, and is more closely linked to traditional financial infrastructure, focusing on institutional needs such as settlement efficiency, collateral liquidity, and programmable asset services. However, compared to the global bond, money fund, and stock markets, which are worth tens of trillions of dollars, $31.4 billion is still a drop in the bucket. The report indicates that the key to the next phase of growth lies not in the issuance of tokens themselves, but in the improvement of liquidity depth, legal enforceability, custody standards, and access to secondary markets. The regulatory framework remains the core bottleneck restricting further expansion of scale.

The scale of U.S. leveraged ETFs is growing at a record pace, with investors' leverage usage also at a record high. Currently, the assets under management of the 3x long Nasdaq 100 Index ETF TQQQ have risen to approximately $40 billion, nearing historical highs. Meanwhile, the assets under management of the 3x long semiconductor ETF SOXL have reached a historical high of $34 billion. Since April, the asset size of SOXL has increased more than threefold, and the asset size of TQQQ has nearly doubled. In contrast, the 2x long Nasdaq 100 Index ETF QLD has grown by $7 billion during the same period, an increase of 88%, with a size close to the historical high of $15 billion. Driven by this, the total assets under management of U.S. leveraged ETFs have reached a historical high of $198 billion, a 55% increase during the same period.

Visa announced its second quarter results for fiscal year 2026, with net revenue of $11.2 billion, a year-on-year increase of 17%; GAAP net profit of $6 billion, a year-on-year increase of 32%; and earnings per share of $3.14, a year-on-year increase of 36%, all exceeding market expectations.The board authorized a new round of $20 billion multi-year stock repurchase program in April. In terms of stablecoin business, Visa's settlement pilot has reached an annualized scale of $7 billion, a 50% increase from the previous quarter, covering nine blockchain networks (including Polygon and Base), and operating over 130 stablecoin-linked card programs in more than 50 countries.In March of this year, Visa partnered with Bridge, a stablecoin infrastructure company under Stripe, to promote stablecoin-linked cards in over 100 countries. According to reports in early June this year, Visa, Mastercard, and Stripe are exploring the co-construction of a stablecoin platform. If the three major payment networks collaborate on stablecoin infrastructure, it could establish a de facto standard for the circulation of digital dollars in global commerce.

According to Techstartups, AI infrastructure startup Upscale AI announced the completion of a new round of financing totaling $190 million, with investors including NVIDIA and Salesforce Ventures. After this round of financing, the company's valuation reached $2 billion.This round of financing is part of its Series A extension, bringing Upscale AI's total financing to $500 million, led by Premji Invest, with new investors such as Temasek and Seligman Ventures participating, while existing shareholders including Maverick Silicon, Mayfield, Prosperity7 Ventures, StepStone Group, and Tiger Global continue to invest.Upscale AI focuses on building network infrastructure for large-scale AI clusters, attempting to solve the "computing power interconnection bottleneck" problem in AI training and inference. The company is developing a full-stack AI network architecture covering chips, systems, and software, aiming to create an open standard network interconnection solution suitable for large-scale AI workloads.The company stated that as the scale of AI clusters continues to expand, network performance is becoming a key limiting factor affecting GPU utilization and training efficiency. Inefficient interconnection can directly lead to wasted computing power and increased training costs. Currently, Upscale AI has begun collaborations with several hyperscale cloud providers and "new cloud" infrastructure providers for evaluation and deployment, but has not disclosed specific client information.Analysts point out that investment in AI infrastructure is spreading from the model layer to the underlying hardware and network layers, with network interconnection becoming one of the most关注的 key infrastructure tracks following GPUs.

Samsung Electronics announced the deployment of ChatGPT Enterprise and Codex to all its employees in South Korea and employees in the global Device Experience (DX) department. This collaboration is one of OpenAI's largest enterprise-level deployments to date.It is reported that Samsung Electronics plans to widely apply these AI tools in core business areas such as software development, product research and development, marketing, and manufacturing, covering both technical and non-technical positions, to enhance employee productivity and problem-solving capabilities. This deployment also marks the expansion of Samsung's partnership with OpenAI from the early stage of AI infrastructure (advanced memory semiconductor supply) to the enterprise-wide AI office application level.