On July 17, according to monitoring data from Farside Investors, the US spot Ethereum ETF experienced a net outflow of $28 million yesterday.
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US Spot Ethereum ETF Sees $28 Million Net Outflow Yesterday
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Xi Jinping Announces Major Initiatives to Support Global AI Development
On the morning of July 17, President Xi Jinping attended the opening ceremony of the 2026 World Artificial Intelligence Conference and High-Level Conference on AI Global Governance at the Shanghai World Living Room, where he delivered a keynote speech. Xi Jinping pointed out that with the joint efforts of all parties, the World Artificial Intelligence Cooperation Organization was established in Shanghai. He stated that this is a major initiative by China to respond to the calls of the Global South and unite the international community in actively promoting AI development and governance, marking an important milestone in the history of AI development. Xi Jinping announced that to further support global AI development and advance global AI capacity building, China will offer 5,000 AI-themed training quotas for developing countries over the next five years. China will also establish international AI application cooperation centers for ASEAN, the League of Arab States, the African Union, CELAC, the SCO, and BRICS countries. Furthermore, China will promote the implementation of the intelligent meteorological early warning solution "Mazu" in 30 countries, safeguarding countless homes and ensuring peace and stability across the seas. -
US Spot Bitcoin ETF Sees Net Inflow of $79.1 Million Yesterday
On July 17, according to data monitored by Farside Investors, the US spot Bitcoin ETF saw a net inflow of $79.1 million yesterday. -
Houthi Warns Saudi Arabia: All Oil Facilities Will Become Targets If Aggression Continues
On July 16, the Houthi armed group stated that if Saudi Arabia conducts a full-scale invasion and escalates its actions against Yemen again, all of Saudi Arabia's oil and critical facilities will become targets for our missiles. (Jin Shi) -
Over 100 Democratic Congress Members Oppose Aid to Israel
On the 15th local time, the U.S. House of Representatives voted on an amendment aimed at cutting U.S. aid to Israel, with 103 Democratic members voting in favor. Among them, Congressman Joaquin Castro stated that Israel has repeatedly gone to war and continues to expand, leading it down an untenable path. (CCTV) -
Israeli President: Iran's Nuclear Capability is the Root of This War
Israeli President: Iran's nuclear capability is the root of this war, and any agreement must include clear conditions to prevent Tehran from developing nuclear capabilities or using the Strait of Hormuz as leverage. (Jinshi) -
Houthi Warns Saudi Arabia: All Oil Facilities Will Be Targets if Aggression Resumes
On July 16, the Houthi armed group stated that if Saudi Arabia launches a full-scale invasion and escalates its actions against Yemen again, all of Saudi Arabia's oil and critical facilities will become targets for our missiles. (Jin Shi) -
Oracle Founder Sued Over 'Corrupt' Warner Bros. Deal with Trump
On July 16, a shareholder filed a lawsuit against Larry Ellison (founder of Oracle), his son David Ellison, and other members of the Paramount Skydance Corp. board, attempting to block their $110 billion acquisition of Warner Bros. Discovery (WBD). The lawsuit alleges that the Ellisons engaged in an illegal deal with U.S. President Donald Trump, promising to provide 'illegal private benefits' to eliminate federal regulatory hurdles, including the potential firing of CNN news anchors. -
SpaceX Experiences First Drop Below IPO Price Since Going Public
On July 16, according to CCTV Finance, SpaceX, the American aerospace manufacturer and space transport services company, has been publicly traded for over a month. Recently, the company's stock price has shown significant volatility. During intraday trading on the 15th, it briefly fell below the IPO price of $135 per share, marking the first time it has dropped below its initial offering price. On the 15th, SpaceX's stock price dipped to $132.15 per share, below the $135 IPO price, before closing at $135.27, down 0.6% from the previous trading day, marking the fourth consecutive day of decline and nearly erasing all gains since its IPO. Analysts point out that the market is becoming cautious about the costs and returns of infrastructure in the artificial intelligence sector, raising doubts about the prospects of SpaceX's xAI business. Additionally, the upcoming end of the lock-up period for shareholders adds further downward pressure. Data shows that since its IPO on June 12, SpaceX's stock price had previously peaked at $225.64. -
Structural Rift Emerging in US-Israel Alliance
Former Israeli Ambassador to the US, Alon Pinkas, stated that the remarks made by Vice President JD Vance criticizing Israel for undermining US-Iran negotiations were "unprecedented in severity." Pinkas remarked, "Never before has a sitting US Vice President so openly accused Israel of launching a campaign aimed at weakening US policy. While there have been disagreements and frictions in the past, the current Vice President's intense, clear, and direct opposition to Israel's lobbying pressure against the US is indeed unprecedented... It is quite shocking." Pinkas pointed out that this incident indicates a lack of alignment between the positions of the US and Israel. He added that the increasing friction among allies regarding the war in Iran is extremely concerning from Israel's perspective and reflects a "structural shift" in the relationship between the two countries. Equally unprecedented is the fact that half of the Democratic Party members voted to terminate aid to Israel. If you had asked anyone in Washington two years ago, they would have asserted it was impossible—but this voting outcome clearly reflects a significant shift within the Democratic Party. Among the 212 Democratic members of the House, 103 voted in favor of canceling the annual $3.3 billion aid to Israel. Only one Republican joined the Democrats in supporting the vote. Therefore, the real focus is on how Trump will respond. It is believed he spoke with Israeli Prime Minister Netanyahu last week, suggesting it was time for the Israeli military to withdraw from Lebanon and Syria. However, the Israeli Defense Minister publicly stated a refusal to withdraw. How will the White House respond to this near-open defiance of the President's wishes? The answer may soon be revealed. (Jinshi)
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