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Greece Plans to Tax Cryptocurrency Gains for the First Time

On June 6, Greece is preparing to impose taxes on cryptocurrency gains for the first time, with the relevant tax proposal expected to be included in a comprehensive tax bill later this year.

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    On July 30, at 8:00 PM Beijing time, He Lifeng, Chinese lead for China-US economic and trade affairs and Vice Premier of the State Council, held a video call with his US counterparts, Treasury Secretary Bessent and Trade Representative Greer. The two sides engaged in candid, in-depth, and constructive exchanges on implementing the important consensus reached during the meeting between the two heads of state in Beijing, maintaining stable economic and trade relations, expanding practical cooperation, and properly addressing each other's concerns. The Chinese side expressed serious concerns over recent US economic and trade restrictions against China. Both sides agreed to further leverage the role of the China-US economic and trade consultation mechanism under the strategic guidance of the two heads of state, enhance communication, build trust, expand cooperation, and promote stable and positive development of bilateral economic and trade relations, contributing to the construction of a constructive and strategically stable relationship between China and the US. (Xinhua)

  • Meta's Future Data Center Lease Commitments Surge to $279 Billion, Fully Betting on AI Computing Infrastructure

    On July 29, U.S. tech giant Meta Platforms Inc. (META) disclosed in its latest regulatory filing that to support its rapid expansion in the artificial intelligence (AI) field, the company's future data center lease commitments have surged significantly. As of June 30, Meta's total unfulfilled lease commitments reached $279 billion, a sharp 53% increase from $183 billion in the previous quarter, indicating a marked acceleration in its investment pace in AI infrastructure. Meta noted in the filing that these future expenditures, not yet reflected on the balance sheet, primarily involve the construction and operation of data centers, hosting facilities, and specific network infrastructure. In July alone, Meta added as much as $68 billion in new lease commitments, with these contracts expected to begin execution in 2027 and 2028. Behind this massive lease commitment is Meta's 'arms race' to seize the AI track. With the explosive growth in computing power demand for AI model training and inference, global tech giants are locking in data center resources at an unprecedented scale. Data shows that leading companies including Meta, Microsoft, Amazon, and Oracle now have a combined total of over $850 billion in future data center lease commitments to fulfill.

  • Largest On-Chain CXMT Short Seller Adds to Position, Reaching $22.26 Million

    On July 30, according to EmberCN monitoring, as the storage sector surged in a counterattack tonight, the largest on-chain short seller of CXMT (ChangXin Memory Technologies) continued to add to its short position. It opened a short position the day before CXMT's IPO and has been adding to it multiple times. Currently, it holds short positions worth $22.26 million in CXMT, with an unrealized loss of up to $4.06 million.

  • NYSE Parent Intercontinental Exchange Agrees to Acquire MarketAxess for About $6 Billion

    On July 30, the parent company of the New York Stock Exchange, Intercontinental Exchange, agreed to acquire MarketAxess Holdings Inc. for about $6 billion in cash, bringing one of the world's largest fixed-income trading platforms under its trading platform system. According to a statement released on Thursday, Intercontinental Exchange will acquire all outstanding shares of MarketAxess at $167 per share, a 33% premium over the latter's closing price on Wednesday. Intercontinental Exchange shares rose 0.8% to $155.46; MarketAxess shares surged 30% to $163.24, marking the biggest intraday gain since 2008.

  • Philadelphia Semiconductor Index Surges 9%, with at Least 9 Stocks Gaining Over 10%

    On July 30, the U.S. semiconductor sector saw further expansion, with the Philadelphia Semiconductor Index rising 9.01%. NVIDIA rose 3.76%, TSMC rose 8.36%, Broadcom rose 4.62%, SK Hynix rose 16.80%, Micron Technology rose 16.56%, Advanced Micro Devices rose 15.79%, Intel rose 14.47%, ASML rose 7.98%, Lam Research rose 23.42%, Arm Holdings rose 7.61%, SanDisk rose 24.06%, Marvell Technology rose 12.69%, Western Digital rose 18.15%, and Seagate Technology rose 16.06%. Qualcomm fell 2.92% due to weak earnings.

  • Unitree Technology Employee Asset Management Plans to Participate in IPO Strategic Placement, Wang Xingxing Subscribes 15 Million Yuan

    On July 30, Unitree Technology disclosed in its prospectus for the initial public offering of shares and listing on the STAR Market that the company's senior management and core employees intend to participate in the strategic placement of this issuance through asset management plans, namely Unitree Technology Employee No.1 Asset Management Plan and Unitree Technology Employee No.2 Asset Management Plan. The number of shares to be subscribed in the strategic placement shall not exceed 10% of the total issuance size, i.e., 4,044,643 shares. Meanwhile, the total subscription amount shall not exceed 271.5 million yuan, with the final number of shares for the strategic placement to be determined after the issuance price is set. Specifically, all funds raised by Unitree Technology Employee No.1 Asset Management Plan will be used for this strategic placement, i.e., the payment for the strategic placement amounts to 218.5 million yuan. All funds raised by Unitree Technology Employee No.2 Asset Management Plan will also be used for this strategic placement, i.e., the payment amounts to 53 million yuan. The list shows that the participants in Unitree Technology Employee No.1 Asset Management Plan include 161 individuals, such as Financial Director Wang Feng, while the participants in Unitree Technology Employee No.2 Asset Management Plan include 10 individuals, such as Chairman Wang Xingxing, with Wang Xingxing subscribing for 15 million yuan.

  • Bitcoin Breaks Above $65,000, Crypto Mining Stocks Rally, IREN Up Over 24%

    On July 30, Bitcoin broke above $65,000 per coin, driving a rally in crypto mining stocks. Cipher Digital and IREN surged over 24%, Core Scientific rose over 21%, Riot Platforms, CleanSpark, and Applied Digital gained over 19%, Hut 8 climbed over 17%, and MARA Holdings and TeraWulf rose over 16%. Morgan Stanley recently began covering several Bitcoin miners that have pivoted to become AI infrastructure providers, noting that companies with large grid-connected power assets will be well-positioned to capitalize on the surging demand for AI data centers. Morgan Stanley named Hut 8 as its top pick with a price target of $263, and set a $36 target for Riot Platforms, both rated 'Overweight.' Applied Digital received a 'Neutral' rating with a target of $36.50.

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  • UNI Breaks Above $4.3, 24-Hour Gain Exceeds 6%

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