On July 7, data monitored by Farside Investors revealed that the US spot Ethereum ETF experienced a net inflow of $20.7 million yesterday.
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US Spot Ethereum ETF Sees Net Inflow of $20.7 Million Yesterday
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CITIC Securities International: Tencent's Hy3 Model Joins Top Tier, Accelerating AI Product Ecosystem
On July 7, CITIC Securities International released a report stating that Tencent (00700.HK) has officially launched its Hy3 large model. On the cost side, the 21B activated parameters allow Hy3 to operate at a computational cost far lower than that of flagship models with similar capabilities, with API input prices dropping to 1 yuan. WorkBuddy data shows that in actual business operations, token consumption is approximately 47% to 49% lower than that of GLM-5.2, which directly reduces the marginal cost of Tencent Cloud's AI services and provides scalable conditions for large-scale applications aimed at consumers, such as Yuanbao, ima, and WeChat Reading. CITIC Securities International maintains a 'Buy' rating for Tencent with a target price of 632 HKD. The official launch of Hy3 validates Tencent's execution capability in enhancing the reliability of post-training driven models, prompting the market to reassess the implied value of Tencent's AI assets. -
HSBC Shrinks High-Risk Private Lending Business
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US Spot Bitcoin ETF Sees $265.7 Million Net Inflow Yesterday
On July 7, according to data monitored by Farside Investors, the US spot Bitcoin ETF experienced a net inflow of $265.7 million yesterday. -
Yili Hua: Bitcoin Must Strongly Break $68,000 to Confirm Reversal, Otherwise It Will Test Lower Levels Again
On July 7, Yili Hua, founder of Liquid Capital (formerly LD Capital), stated, "Bitcoin is currently still in a downtrend on the weekly chart. Only a strong breakthrough of $68,000 can lead to a significant reversal. If it cannot break through, it will test lower levels again. I hope we do not see a terrible situation where it falls below $47,000." "Regardless, in the coming months, we are fully prepared to buy the dip; we must be greedy when others are fearful. Besides mainstream coins, we are also looking for new hundredfold coins for the next bull market. In the last round, our investment in Render saw a peak increase of nearly 180 times. Although most coins are worthless, there are a few that present significant opportunities. Firstly, they have dropped over 95% due to market conditions, and secondly, the founders are actively engaged, with directions aligned with trends and essential needs such as AI. Ideally, they should have sound finances and preferably be profitable. If there are such projects, I can recommend them."
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