Morningstar Company has stated that the new Kimi K3 model from Dark Side of the Moon may be approaching a DeepSeek moment. This advancement is beneficial for the entire AI ecosystem, as the worst-case scenario would be a halt in AI progress. Nevertheless, this release from Dark Side of the Moon poses downward pressure on AI companies in the hardware and infrastructure sector, as it offers top-tier model performance at a lower price.
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Kimi K3 May Experience DeepSeek Moment
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Source: Trump Agrees to Include Ethics Clause in Broader Crypto Bill
On July 21, according to an industry source, President Donald Trump has agreed to include an ethics clause in a broader cryptocurrency bill. Another source said the bill text could be released as early as Monday evening, but is more likely to be delayed until later, adding that the longer the wait, the more likely the bill will garner bipartisan support. -
US Officials: Trump to Decide on Expanding Iran Operations in Days
On July 21, according to Fox News, senior US officials said that President Donald Trump is expected to decide within the next few days whether to expand military operations against Iran and resume full-scale combat. These officials emphasized that no final decision has been made yet. They stated that if Trump orders a resumption of full-scale military action, its scale and intensity would 'far exceed' the nine-night US airstrike campaign that began on July 7; the previous airstrikes mainly targeted Iranian military assets related to operations around the Strait of Hormuz. One official also confirmed that US forces had largely avoided striking targets near Tehran or Iran's nuclear facilities. 'That could change if full combat operations resume,' the official said. (Jin Shi) -
US Announces 50% Tariff on Some Canadian Products
On July 21, the White House issued a statement on July 20 local time saying that the US will impose an additional 50% ad valorem tariff on some Canadian products in response to 'discriminatory measures taken by Canada against the US in the trade of automobiles and auto parts.' The new tariff is said to take effect at 12:01 a.m. Eastern Time on August 19 and will be imposed on top of existing relevant tariffs, taxes, and other charges. -
US Military Launches New Round of Strikes on Iran
On July 21, the U.S. Central Command stated on July 20 local time that at 4:00 p.m. Eastern Time that day, the U.S. military began a new round of strikes on Iran as directed by the president. The U.S. Central Command said the operation aims to further degrade Iran's ability to threaten commercial shipping in the Strait of Hormuz. -
ETH Breaks Through $1900
Market数据显示，ETH has broken through $1900 and is currently trading at $1900.18, with a 24-hour increase of 1.5%. Market fluctuations are significant; please exercise risk control. -
BlackRock Plans to Raise Over $12 Billion in Debt for Data Centers
Market news: BlackRock plans to raise over $12 billion in debt for data centers. -
Google (GOOG.O) Developing 'Frozen V2' Chip
According to The Information: Google (GOOG.O) is developing a 'Frozen V2' chip to more efficiently serve its Gemini AI model. Google's new 'Frozen' chip is expected to be 6 to 10 times more efficient than its existing TPU. Google plans to deploy the Frozen V2 chip as early as 2028. -
China Merchants Securities Terminates Primary Market Making for 6 Funds Including China-Korea Semiconductor
Recently, the Shanghai Stock Exchange announced that, upon the filing application of China Merchants Securities Co., Ltd., China Merchants Securities will terminate its primary market making services for 6 QDII funds starting from July 20, 2026. In response, China Merchants Securities told reporters on the 20th that this is purely a commercial decision and does not involve any judgment on market direction. -
Samsung, SK Hynix, and Micron Abandon In-House CXL Controller Development
On July 20, according to South Korean tech media ZDNet Korea, Samsung Electronics, SK Hynix, and Micron Technology have all scaled back or abandoned commercialization plans for CXL expansion device controllers. Specialized chip design companies such as Montage Technology, Astera Labs, and PrimeMass are filling this void. This shift indicates a reshaping of the division of labor within the CXL ecosystem, where memory manufacturers will focus on production, while design leadership moves to independent chip design firms. For the capital market, this not only benefits relevant chip design companies but also means that the three major memory manufacturers will not engage in new competition around complete CXL solutions in the short term, with their core profit models still revolving around traditional DIMM memory products. -
BitMine Adds 7,430 ETH Last Week, Buys Back Approximately 5.5 Million Common Shares
As of July 19 Eastern Time, BitMine's total holdings of cryptocurrency, cash, and its 'Moon Project' amounted to $11.5 billion. BitMine holds 5,777,468 ETH (an increase of 7,430 ETH from the previous week), representing 4.8% of Ethereum's total supply of 120.7 million ETH. Additionally, it holds 207 BTC, $180 million in Beast Industries shares, $58 million in Eightco Holdings (Nasdaq: ORBS) shares, and $385 million in unencumbered cash. As of July 19, 2026, the total amount of ETH staked by Bitmine is 4,917,189 (valued at $9.2 billion based on ETH price of $1,879 per ETH). Bitmine Chairman Tom Lee stated, 'Bitmine repurchased approximately 5.5 million common shares last week at an average price of $15.6156 per share. We believe that repurchasing common shares will enhance shareholder value.'
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