On July 1, according to Bit.com market data, U.S. stocks closed mixed, with the Dow Jones Industrial Average rising 0.26% to set a new closing record. The S&P 500 index increased by 0.79%, and the Nasdaq rose by 1.52%, both recording their best quarterly performance since 2020. The technology and semiconductor sectors led the gains, with the Philadelphia Semiconductor Index up 3.92%. AMD surged 7.68%, TSMC's ADR rose 4.86%, Apple increased by 2.7%, and SanDisk jumped nearly 11%.
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U.S. Stock Indices Close Higher; S&P 500 and Nasdaq Post Best Quarterly Performance Since 2020
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Trump Holds Over $100 Million in BTC Stored in Cold Wallets
According to the annual financial disclosure report released by the U.S. Office of Government Ethics on June 30, Trump profited over $1.2 billion from cryptocurrency in 2025, with his two main sources of income being the cryptocurrency MEME coin TRUMP (through the entity CIC Digital LLC) and World Liberty Financial (through the entity DT Marks Defi LLC). CIC Digital LLC generated a staggering $635 million in royalty income solely from the TRUMP meme coin, and additionally holds over $50 million in BTC, between $5 million to $25 million in ETH, and between $5 million to $25 million in USDC, all stored in cold wallets. DT Marks Defi LLC profited over $300 million through equity and token sales from World Liberty Financial (with equity sales at $65.62 million and token sales at $236.2 million), and also holds over $50 million in BTC, over $50 million in ETH (originally valued at $150 million), between $500,000 to $1 million in LINK, and between $1 million to $5 million in AAVE, all stored in cold wallets. -
SEC Seeks Public Input on Innovative ETFs
On July 1, the U.S. Securities and Exchange Commission (SEC) announced today that it is seeking public input on exchange-traded funds (ETFs) that plan to invest in innovative asset classes and employ new investment strategies. This request for comments aims to explore viable pathways to promote innovation in the ETF industry while protecting investor rights, maintaining a fair, orderly, and efficient market environment, and supporting capital formation. -
BTC Surpasses $59,000
Market data shows that BTC has surpassed $59,000, currently priced at $59,012.53, with a 24-hour decline of 1.45%. The market is experiencing significant fluctuations, so please ensure proper risk management. -
BTC Falls Below $58,000
Market data shows that BTC has fallen below $58,000, currently priced at $57,956.76, with a 24-hour decline of 3.1%. The market is experiencing significant volatility, so please ensure proper risk management. -
Anthropic: U.S. Department of Commerce Lifts Export Controls on Claude Fable 5 and Mythos 5
On July 1, Anthropic announced that it has been notified that the U.S. Department of Commerce has lifted export controls on Claude Fable 5 and Mythos 5. We will begin restoring access tomorrow. (Jin Shi) -
OpenAI Discovers New Method to Halve Inference Costs
According to a source familiar with the discussions, there is previously undisclosed news: earlier this month, OpenAI engineers informed some colleagues that, relying on several newly developed optimization technologies, they have found a solution that can reduce model inference costs by more than half. After applying this new technology to scenarios where free/paid account visitors use ChatGPT, the number of required Nvidia graphics processing units (GPUs) was reduced to just a few hundred — a remarkably low figure. It is currently unclear what specific technical means OpenAI used to achieve this significant improvement in computational efficiency. Common optimization methods in the industry generally include: quantization compression, key-value caching, batch processing of user queries instead of computing them individually, and redirecting some requests to lower-power lightweight models or model shards for responses. -
Cryptocurrency Industry Spends $189 Million in 2026 U.S. Midterm Elections
As of June 30, the cryptocurrency industry has become the largest political donor among U.S. businesses. Data shows that political spending by crypto companies for the 2026 U.S. midterm elections has reached $189 million, surpassing the total expenditure for the 2024 election cycle. Reports indicate that following progress in stablecoin regulatory legislation, the crypto industry is further increasing its political investments to promote more legislation related to digital assets. Additionally, political donations from industries such as artificial intelligence, technology, and online gambling have also seen significant growth compared to previous periods. -
Micron Technology Invests $250 Million in 'Trump Account'
On June 30, Micron Technology (MU.O) announced a $250 million investment in the 'Trump Account', which will cover 1 million people. The 'Trump Account' program aims to provide eligible children with a one-time seed funding of $250. As part of this initiative, the company will introduce an employee matching benefit, offering up to $1,000 in matching funds for contributions to accounts for each child under 18. -
Multiple Financial Giants Plan to Launch Stablecoin OUSD
On June 30, dozens of financial institutions, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, are preparing to launch a new stablecoin called OUSD, aimed at building an on-chain dollar infrastructure for institutional payments and settlements. According to reports, OUSD will operate under a consortium model, with participating institutions sharing the reserve earnings and related revenue generated by the stablecoin. This indicates a shift in the stablecoin business model from being dominated by a single issuer to a revenue-sharing system involving payments, asset management, and crypto platforms, potentially accelerating the integration of traditional finance with on-chain payments. -
Bank of America: Data Center Demand Still Underestimated
On June 30, analysts at Bank of America stated in a research report that the outlook for the capital goods sector appears increasingly optimistic, with demand from data centers still underestimated among major industrial companies. These companies include Schneider Electric, ABB, Siemens, and Siemens Energy. Analysts noted that structural growth in infrastructure related to artificial intelligence will significantly expand the potential market size in the coming years. Stronger investments in power generation are leading indicators of future orders for electrical equipment, which should support continued growth in the grid and electrification businesses. The most attractive opportunities are expected to come from high-value areas such as power conversion, grid equipment, and cooling systems.
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