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According to Jinshi, the Southern Theater Command of the People's Liberation Army of China has organized combat readiness patrols in the territorial waters and airspace around Huangyan Island.

According to Jinshi News, Microsoft is considering offering some internally developed AI models with open weights.

According to Jinshi reports, due to rising concerns over the escalation of the Middle East conflict, the long-term international bonds of Saudi Arabia, Qatar, and the UAE fell by more than 1 cent.

According to Jinshi reports, Israeli Chief of Staff Eyal Zamir stated that the Israeli military will not withdraw from the occupied areas in southern Lebanon before ensuring Israel's security. Zamir made the remarks during an inspection of the occupied areas in southern Lebanon, mentioning that the Israeli military has controlled certain areas and is working to eliminate terrorist infrastructure. If necessary, they will expand the scope of operations to include more areas. He emphasized that there will be no withdrawal from the controlled areas before ensuring long-term security.

According to Jinshi, rare internal disagreements within the Federal Reserve have disturbed market expectations, leading to a softening of the dollar, which in turn boosted basic metals such as copper and aluminum.Meanwhile, the conflict in the Middle East continues, coupled with a bottoming out of aluminum inventories and unusual movements in copper warehouse receipts, basic metals are seeking direction amid macroeconomic games and supply-demand struggles.

According to Jinshi reports, local officials stated that explosions were heard in Lviv, western Ukraine.

According to Jinshi, the Japanese government on Thursday lowered its economic growth forecast for the current fiscal year due to rising oil prices caused by tensions in the Middle East, which are squeezing household spending and corporate profits. The inflation-adjusted GDP growth rate is expected to be 0.9% for the fiscal year ending March 2027, down from the 1.3% forecast in January. However, the economic growth rate for the next fiscal year is expected to accelerate to 1.1%.

According to Jinshi reports, the Russian Ministry of Defense stated that the Russian army has taken control of Svitly and Novosych in eastern Ukraine. Ukrainian President Zelensky mentioned that there are reports indicating Russia plans to launch a large-scale attack and has requested Trump to provide 300 "Patriot" interceptors before winter.The Ukrainian Armed Forces reported that multiple Russian facilities were attacked, including the Ryazan oil refinery and the Black Sea Fleet's ship base. An advisor from the Ministry of Internal Affairs pointed out that Russia is launching a large-scale attack on Ukraine, and cruise missiles are expected to be imminent.

According to The Block, Bernstein has lowered Circle's target price from $190 to $140 while maintaining an outperform rating. Analyst Gautam Chhugani stated that the threat posed to Circle by the Open USD Alliance, supported by over 140 institutions including Visa, Mastercard, and Stripe, is lower than market expectations. As of July 28, Circle's closing price was $64.32.The end-of-quarter supply of USDC for the second quarter was approximately $73 billion, down from $77 billion in the first quarter, with the average supply rising to about $76 billion. The average SOFR for the second quarter decreased to 3.62%, the reserve return rate fell to 3.46%, and reserve income rose to approximately $655 million. The USDC balance on Hyperliquid has increased from $5 billion in mid-May to over $6 billion, generating about $210 million in annualized gross reserve income, of which approximately $190 million is directed to the exchange according to the revenue-sharing agreement.Bernstein has reduced its forecast for USDC supply at the end of 2026 by 37% to $83 billion and lowered its 2028 forecast to $170 billion; the adjusted EBITDA forecast for 2026 has been cut by 12% to $602 million, and the earnings per share (EPS) forecast has been lowered from $1.98 to $0.92. However, the firm expects that by 2035, the total supply of stablecoins will reach $4 trillion, with Circle holding about a 30% share. Additionally, Circle received final approval from the OCC in July to establish Circle National Trust.

Bitcoin News posted on the X platform that New Hampshire Governor Kelly Ayotte has signed HB 639 into law to strengthen legal protections for Bitcoin and digital assets.The law protects self-custody rights, prohibits state and local governments from restricting the use of blockchain, prohibits the imposition of special taxes on cryptocurrency purchases, exempts miners from currency transfer licensing requirements, and establishes specialized court dockets for blockchain disputes. This measure further consolidates legal certainty for Bitcoin users, miners, and the broader digital asset industry.

According to Gate market data, GlobalFoundries' stock rose more than 16% in pre-market trading. The U.S. government previously announced that the company would receive up to $300 million in funding.

According to Jinshi reports, the Russian Ministry of Defense announced that the Russian army has taken control of the Svitly and Novasych regions in eastern Ukraine.

According to Jinshi reports, ING analyst Francesco Pesole pointed out in a report that the resumption of military strikes in the Middle East conflict reminds investors to remain cautious regarding the euro to US dollar exchange rate. He stated that for the euro to ensure a sustained rise above 1.15 dollars, the market needs to lower expectations for US interest rate hikes through data or communication from the Federal Reserve, while risk sentiment also needs to stabilize.If the market's general optimistic expectation that the conflict situation will ease is correct, then the euro to US dollar exchange rate has likely already bottomed out.

According to Jinshi reports, the southern Lebanese town of Nabatiyeh Foka was heavily shelled by Israel.

According to Jinshi News, due to the resumption of hostilities between the United States and Iran, rising oil prices have intensified inflation concerns, leading to an increase in UK government bond yields.Tradeweb data shows that the yield on UK 10-year government bonds rose by 1.2 basis points, currently reported at 4.969%. Investors are awaiting interest rate decisions from the Federal Reserve and the Bank of England.

According to Gate market data, the South Korean stock market weakened today, with the Southern Double Long Hynix (07709.HK) significantly dropping. As of the Hong Kong stock market's noon closing, this product has fallen by 25.72% today, and the decline since July has reached 81.05%. Data shows that the latest asset size of this product is HKD 31.92 billion, which has shrunk by 70% compared to its peak size.Another leveraged product under Southern Dongying linked to South Korean chip stocks, the Southern Double Long Samsung Electronics (07747.HK), has dropped by 16.56% today, with a decline of 69.55% this month.

According to Jinshi reports, senior Iranian officials stated that the southern route of the Strait of Hormuz may pose a danger to vessels, and Oman’s control over the waterway should correspond to its share in the waterway.

Strategy founder Michael Saylor stated that Bitcoin has gained market recognition, but the biggest challenge in the future is not external competition, but rather the erosion of consensus rules from within. He believes that Bitcoin's consensus rules are like a "constitution," determining property rights, scarcity, settlement mechanisms, and boundaries of power. Any modification of the rules for the benefit of specific groups is an infringement on the economic rights of all participants.He warned that Bitcoin is expected to grow a hundredfold in the future and become the infrastructure of the global capital market, while a single erroneous rule modification could harm markets, technologies, and economic freedoms that have yet to be born. Saylor specifically pointed out certain proposals, including BIP-110, arguing that they undermine the neutrality of the Bitcoin protocol by limiting effective paid transactions, introducing contract mechanisms, or expanding block capacity. He stated that although these proposals take different forms, they all weaken the scarcity of block space, increase network bandwidth and verification costs, expand protocol complexity, and introduce new security risks. At the same time, weakening the fee market will affect miners' income sources after block rewards continue to halve, thereby undermining the long-term security of the Bitcoin network. Furthermore, once a particular interest group is able to modify Bitcoin rules through certain means, other interest groups will follow suit, leading to long-term conflicts in protocol governance, capital outflows, slowed innovation, and deteriorating network security. Saylor called for keeping the Bitcoin base layer simple, neutral, scarce, and secure, leaving innovation to the second layer and application layer, promoting development through voluntary adoption rather than frequent modifications of the underlying protocol, and emphasized that protocol upgrades should be approached with extreme caution and only advanced when truly necessary to maintain the foundation for Bitcoin's long-term development.

According to reports from China News Service, multiple South Korean media outlets believe that the recent sharp decline in the stock market is interpreted as a shock from the listing of China's largest semiconductor company, Changxin Technology. The market is worried that Changxin Technology will use the funds raised from its stock market listing to catch up with semiconductor companies like Samsung Electronics and SK Hynix, and this concern has spread, leading to a setback in investor sentiment.According to a previous report by CNBC, Z-Ben Advisors analyst Peter Alexander believes that, referencing the development paths of the steel and new energy vehicle industries, Changxin Technology will quickly seize market share in the low-end memory chip market and ultimately shake the monopoly positions of Samsung Electronics, SK Hynix, and Micron Technology in the global memory industry.