On June 11, 0G Labs, a Layer 1 network focused on decentralized AI, announced a partnership with MiniMax. The two parties will collaborate to promote cutting-edge AI models on the blockchain through verifiable and privacy-preserving computing infrastructure. During the collaboration, from June 15 to 18, developers can run MiniMax on 0G for free, aimed at enabling rapid testing of advanced AI applications on the blockchain. MiniMax M3 currently ranks first on the Artificial Analysis leaderboard and is also among the top in OpenRouter Trending.
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0G Partners with MiniMax to Advance Cutting-Edge AI Models on Blockchain
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US Spot Ethereum ETF Sees Net Inflow of $53.9 Million Yesterday
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US Spot Bitcoin ETF Sees Net Inflow of $107.7 Million Yesterday
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US Initiates 337 Investigation on DRAM Equipment and Downstream Products and Components (II); Samsung, Google, Nvidia Among Defendants
On July 15, the United States International Trade Commission voted to initiate a 337 investigation into specific dynamic random access memory (DRAM) equipment and its downstream products and components (Investigation Code: 337-TA-1511). The Commission will determine the end date of the investigation within 45 days after the case is filed. Unless vetoed by the U.S. Trade Representative for policy reasons, the relief orders issued by the Commission in 337 cases take effect from the date of issuance and become final 60 days thereafter. (Source: China Trade Remedy Information Network) -
US Military Announces Conclusion of Latest Strikes Against Iran
On July 16, local time July 15, the U.S. Central Command issued a statement indicating that it concluded a round of nighttime strikes against Iran at 9 PM Eastern Time on July 15. The statement noted that U.S. forces targeted Iran's command centers, air defense positions, missile and drone facilities, and coastal surveillance installations, aiming to further weaken Iran's capability to threaten the safety of merchant crews in the Strait of Hormuz. Precision-guided munitions were used to strike targets at multiple locations, including the port of Abadan. (CCTV International News) -
South Korea's Central Bank Raises Interest Rates for the First Time in Three and a Half Years
On July 16, South Korea's central bank raised the interest rate by 25 basis points to 2.75%, marking the first rate hike since January 2023, in line with market expectations. (Jin Shi) -
Waller: Whether AI Causes Inflation Depends on the Federal Reserve
On July 15, Federal Reserve Chairman Waller stated that he expects artificial intelligence to raise observable price levels in the next 12 months, and whether AI will lead to inflation depends on the Federal Reserve. He believes that AI is a long-term job creator and may have disruptive effects. Regarding the short-term impact of AI, Waller mentioned that it cannot be guaranteed that there will be no job disruptions, nor can it provide reassurance on employment issues. 'The price surge triggered by artificial intelligence is real, and I do not want to downplay it,' he said. (Jinshi) -
Waller: Recent Inflation Data Does Not Fully Reflect Real Pressures; AI Investment Beneficial for Employment in Short Term
On July 15, Federal Reserve Chairman Waller stated during the "Federal Reserve Semiannual Monetary Policy Report" hearing that recent inflation data does not perfectly reflect underlying inflation conditions. He noted that any central bank would be pleased when data moves in the right direction. One-off price changes do not necessarily lead to inflation. Regarding the impact of artificial intelligence, he expressed that in the short term, AI investment is beneficial for employment, and AI will trigger disruptive changes. AI investment could be very favorable for employment as the U.S. is building infrastructure. Waller mentioned that he is seeking access to a range of new AI models, and currently observes that the impact of AI on demand is faster than its impact on supply. -
U.S. May Intend to Apply Comprehensive Economic Pressure on Iran
Mehran Kamrava, a professor of government at Georgetown University in Qatar, pointed out that the Iranian government is "deliberately" announcing the deaths of seven soldiers in a U.S. military attack, attempting to rally national sentiment and solidify public support during wartime. He stated that Iran is experiencing a resurgence of nationalism, with authorities emphasizing the soldiers' sacrifice for the country to maintain public support for the regime. This support is crucial as Iran is deeply mired in high inflation, high unemployment, and economic losses amounting to $270 billion. Kamrava believes that Iran is aware it cannot compete militarily with the U.S., and is therefore shifting the focus of the conflict to the economic realm, with attacks on shipping being a manifestation of this strategy. The U.S. may also respond with similar measures. He noted, "Revolutions cannot occur in hunger. When the public begins to worry about their next meal, basic safety, and housing, the U.S. may attempt to exhaust Iran's economic resilience." (Jinshi) -
Dell (DELL.N) Shares Drop 13%, Largest Intraday Decline Since April 2025
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