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According to Jinshi reports, a spokesperson for the Ministry of Commerce stated that robots and power inverters are normal international commodities, and all parties, including the United States, benefit from trade.The U.S. side generalizes the concept of national security, interferes with normal business transactions between companies, and continues to promote "decoupling and breaking chains." This practice is a typical market distortion and unilateral bullying behavior.The Chinese side urges the U.S. side to immediately revoke the relevant measures, stop the erroneous practices, and states that if the U.S. side insists on going its own way, the Chinese side will resolutely counteract.

According to Jinshi reports, the U.S. Central Command stated that the U.S. military has redirected 20 merchant ships, rendered 2 merchant ships incapacitated, and conducted boarding inspections on 2 merchant ships during the blockade operations against Iran.

According to Jinshi reports, the Houthi armed forces in Yemen are considering imposing fees on merchant ships passing through the southern Red Sea. The Houthis announced a maritime blockade against Saudi Arabia on July 20, opening a new front against the United States and its allies, and expanding the scope of attacks on oil tankers. Sources say the Houthis are studying the imposition of fees on most vessels passing through the Bab el-Mandeb Strait, with the implementation time yet to be determined. This move aims to normalize the practice and increase pressure on the United States.

According to a report by Z Finance, Tencent's AI-native desktop intelligent agent platform WorkBuddy entered public beta on March 9, achieving a monthly active user count of 20 million across all platforms within 3 months, with daily active users surpassing 13 million, including over 2 million daily active users on the PC side, and a DAU/MAU ratio stabilizing between 65%-75%. The product is led by Liu Yi, Vice President of Tencent Cloud, with a core team of about one hundred people, classified internally as one of the highest priority AI projects. The team claims they are currently only "temporarily ahead by half a position."WorkBuddy is derived from Tencent's previously launched AI programming assistant CodeBuddy, which has already covered about 12,000 engineers within Tencent. The product completed prototype development on January 17, and after the public beta in March, it has undergone a total of 43 iterations, gradually integrating capabilities related to QClaw developed by the Tencent PC Manager team based on an open-source framework. The product adopts a multi-model access strategy, with the underlying self-developed Harness engine for unified scheduling.In terms of commercialization, at the end of April, Tencent Cloud adjusted its pricing: the SaaS enterprise version was raised from 78 yuan/person/month to 198 yuan, and the private cloud enterprise version was raised from 158 yuan to 316 yuan. Market information indicates that it has acquired thousands of enterprise clients and over one hundred thousand paid seats, with an estimated annual revenue of about 300 million yuan. Third-party evaluations show that the product scored an average of 2.31/4 points on 70 questions (Word category 2.85 points, Design category 1.45 points), indicating that it is still some distance from producing stable results without manual modifications.

Ronald Keung, the head of Asian Internet Research at Goldman Sachs, stated that as the global usage of Chinese AI models surges, developers may begin to charge commercial licensing fees to cloud platforms for hosting their open-weight models. Currently, most Chinese models are released under permissive licenses such as the MIT License, allowing any user to use, modify, and host them for free, including for commercial purposes.Keung pointed out that Chinese AI models like Kimi K3 from the Dark Side of the Moon and GLM-5.2 from Zhiyu AI have performance levels that are close to those of leading models in the United States. The adoption rate among small and medium-sized enterprises, both domestically and globally, is very fast, and even large enterprises are beginning to consider using Chinese models. Goldman Sachs believes that model developers can convert the growing use of open-source into actual revenue by requiring third-party service providers to purchase commercial licenses to run model inference on their own infrastructure.

A spokesperson for the Chinese Ministry of Commerce responded to the U.S. claim that it would investigate Chinese AI companies for "distilling" U.S. cutting-edge models and may impose sanctions, stating that this move lacks factual and legal basis and is a typical act of artificial intelligence hegemony.China pointed out that some of its model capabilities are already at the leading level, and nearly 200 U.S. startups urged the government not to cut off access to Chinese open-source models. China urged the U.S. to stop the smear campaign and threats of sanctions; otherwise, it will take all necessary measures to safeguard its own rights and interests.

OneBullEx officially launched the OneBullEx Mastercard in July, further expanding the application of digital assets in everyday payment scenarios. Users can convert USD T in their accounts to USD balance on the card and make online and offline purchases in over 100 countries and regions that support Mastercard, while also supporting quick card issuance in minutes.With the product launch, OneBullEx simultaneously introduced a limited-time benefit event. From July 27 at 18:00 to August 23 at 18:00, users who recharge more than 100 USDT (excluding card issuance fees) within 7 days after opening the card and complete their first valid transaction can participate in the launch event.By launching the OneBullEx Mastercard, OneBullEx is further connecting AI smart trading, digital asset management, and global payment scenarios, promoting the extension of digital assets from trading tools to everyday financial applications, providing users with a more convenient and efficient digital asset usage experience.

The joint assessment by the UK Institute for AI Safety and the US Center for AI Standards and Innovation shows that Moonshot AI's Kimi K3 can assist in the development of exploit vulnerabilities and simulate cyber attacks without substantial hindrance, but its overall cybersecurity capabilities still lag significantly behind leading models in the United States.

According to The Block, Benchmark Equity Research raised Hut 8's target price from $165 to $195 on Wednesday. This is the second time this month that the agency has raised Hut 8's target price, mainly due to the full commercialization of its Beacon Point AI data center campus located in Texas.Hut 8 previously announced that it had signed a second 15-year lease agreement with existing tenants, with a total value of $9.8 billion, increasing the contracted capacity of the Beacon Point campus to 704 MW and raising the total contract value of this 1 GW campus to $19.6 billion. Benchmark stated that the latest target price still has about 75% upside potential compared to Hut 8's stock price of approximately $111 at that time.In addition, Benchmark's valuation of Hut 8 also includes its holding of 10,278 bitcoins, valued at nearly $680 million at current prices, as well as its 60% stake in American Bitcoin Company.

CryptoQuant analyst Darkfost stated that Bitcoin's current MVRV percentile is around the 5th percentile—meaning that historically, 95% of the time, this metric has been higher than it is now. This indicates that the Bitcoin price is currently in a very low range relative to its historical levels. MVRV is an indicator that measures the relationship between Bitcoin's market capitalization and its "realized value" (the price at which each BTC last moved).The method used by Darkfost does not simply look at raw values but ranks the current MVRV within historical data to assess the current price's relative position in history. Previously, in February, when BTC fell below $60,000, this metric dropped below 10%, and it has entered a similar range again since June. Historical data shows that these periods often correspond to long-term bottom ranges.

According to Fortune, global payment giant Visa is accelerating its layout of stablecoin infrastructure by launching the Visa Stablecoin Platform, which helps banks and fintech companies integrate stablecoin payment capabilities into existing payment and fund management systems.It is reported that the platform aims to provide stablecoin service support for approximately 15,000 financial institutions and over 200 million merchants globally, allowing businesses to use USD stablecoins for settlement, fund circulation, and financial management within traditional payment networks.Visa currently processes about $150 trillion in payment transactions annually and has handled stablecoin settlement business worth billions of dollars. The company hopes to further expand the application of stablecoins through the new platform. The Visa Stablecoin Platform will initially support the new stablecoin OUSD launched by the Open Standard Alliance, while continuing to be compatible with existing stablecoins supported by Visa, including USDC issued by Circle and USDG issued by Paxos.Visa believes that stablecoins are becoming an important component of future financial infrastructure, with advantages including: instant settlement, transactions that do not rely on traditional bank clearing cycles; low-cost transfers, reducing payment costs based on blockchain networks; and transparency and traceability, with on-chain transaction records providing higher verifiability. Visa has been continuously laying out its strategy in the stablecoin field. In 2020, Visa became the first global payment network to support USDC settlements; in 2025, the company launched a stablecoin settlement program to further promote stablecoins into the mainstream payment system.Meanwhile, Visa's competitors are also accelerating their entry into the stablecoin market. Mastercard recently launched a stablecoin settlement solution and collaborated with companies such as MoonPay and Paxos; American Express is also participating in the ecosystem development related to Open Standard. As traditional payment giants increasingly adopt stablecoins, stablecoins are gradually transforming from payment tools in the crypto industry to an important component of global financial infrastructure.

The U.S. Securities and Exchange Commission announced that the rule change submitted by the New York Stock Exchange on July 6 is effective immediately, significantly raising the position limit and exercise limit for BlackRock's Bitcoin Spot ETF IBIT options from 250,000 contracts to 1,000,000 contracts, in order to meet the rapidly growing demand for IBIT options trading and enhance market liquidity and market maker capacity.

According to The Block, the Linux Foundation has officially established the x402 Foundation, governed by a structure of 40 member companies, with Coinbase having completed its contribution to the protocol. Founding members include Ripple, Visa, Mastercard, American Express, Stripe, Adyen, Fiserv, Shopify, Google, AWS, Cloudflare, as well as Circle, MoonPay, the Solana Foundation, and the Stellar Foundation.The protocol allows servers to respond to requests with a 402 response and pricing, while clients sign stablecoin transfers (usually USDC) and resend requests for data, without the need for accounts, credit cards, or prior relationships between the parties, making it inherently adaptable for AI agent applications. Previously in April, it was reported that the neutral internet payment protocol x402, incubated by Coinbase, would migrate under the Linux Foundation and operate in the form of an independent foundation called the "x402 Foundation."

On the X platform, on-chain analyst Ai Yi stated that there is a buy order for Changxin Storage (CXMT) of 6.824 million dollars at the 6 dollar position on the Hyperliquid order book.At the current price of 6 dollars, the market value of Changxin Storage is approximately 2.72 trillion RMB, totaling 66.88 billion shares, surpassing the current market value leader, Industrial and Commercial Bank of China, at 2.66 trillion RMB.

According to South Korean media Digital Asset, South Korea's largest cryptocurrency exchange Upbit has officially joined the Digital Chamber of Commerce in the United States. The Digital Chamber of Commerce was established in 2014 and is the largest lobbying organization in the global digital asset industry, dedicated to promoting a clear regulatory environment and the development of industry policies.The Digital Chamber of Commerce stated that Upbit is the largest digital asset exchange in South Korea, with operations covering multiple Asian markets including Singapore, Indonesia, and Thailand, and looks forward to deepening cooperation between both parties in the global membership community.

According to Forbes, the stablecoin banking platform Flex announced the completion of a $70 million B1 round of financing, led by Halo Fund.The new funds will be used to expand its stablecoin-based cross-border commercial banking platform Flex Global, helping medium-sized enterprises conduct global payments and fund management through stablecoin infrastructure.Data shows that the annual payment scale of stablecoins has reached approximately $390 billion, with inter-enterprise transactions growing by about 733% year-on-year. Meanwhile, the settlement scale of Visa stablecoins has reached an annualized $7 billion as of April 2026, a year-on-year increase of 50%.

According to CoinPost, JCB has reached a partnership with a Circle affiliate, planning to test USDC payments at a store in Tokyo that attracts many foreign tourists within the year and evaluate the promotion to more franchise merchants.The pilot aims to reduce the currency exchange process for tourists and lower payment transaction fees. JCB has previously tested USDC and JPYC offline payments with Digital Garage, Resona Holdings, and others; Japan has also accelerated stablecoin merchant payment trials recently, including Lawson's plan to test JPYC in-store settlements in August.

According to official news, the token distribution and streaming payment protocol Sablier Labs has announced the cessation of active product development and commercial operations, entering maintenance mode from today until June 2028. The official statement indicated that due to the sluggish environment of the cryptocurrency market and the lowered technical barriers from AI-assisted programming, the on-chain token distribution sector can no longer support its venture capital-scale business model.Sablier emphasized that its underlying smart contracts run on-chain without permission, and the company does not hold funds, so the assets, streaming payments, and token unlocks of existing users are not affected. However, regarding front-end business restrictions, the official interface will no longer accept new plans with end times later than June 2028 or indefinite payment streams from today.At the same time, to promote the project's transition to a community-led open-source public good, Sablier has advanced the open-source date of its main EVM smart contracts from the originally planned 2029 to today, and the license has officially changed from BUSL to GPL, allowing the community to freely fork and deploy.