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According to Jinshi reports, Apple CEO Tim Cook stated that despite facing supply constraints and foreign exchange headwinds, Apple still achieved record sales in the third quarter.

The Kimi.ai team has opened the Kimi K3 model weights and technical report while gradually open-sourcing multiple underlying infrastructures: including the high-performance communication library MoonEP for distributed MoE training, the distributed environment system AgentENV for large-scale agent workflows (in collaboration with kvcache-ai), and the Kimi Delta Attention high-performance kernel FlashKDA based on CUTLASS.The official statement claims that these components can reduce communication and inference overhead in large-scale MoE and agent reinforcement learning training, and can be used as a plug-and-play backend for flash-linear-attention.

Last month, comments from Liang Wenfeng during the DeepSeek investor meeting have recently circulated. Liang Wenfeng clearly stated that DeepSeek's goal is AGI, rather than becoming the next super app. They will not engage in 3D, video generation, or world modeling, nor will they close source code, stating, "Restraint is a strategy used to increase the probability of achieving AGI." He believes that products are merely "by-products" on the path to AGI, with the current focus on Coding Agent and continuous learning capabilities. The next phase aims to achieve autonomous model iteration, with the endpoint pointing towards embodied intelligence.In terms of commercialization, Liang Wenfeng stated that they only seek to earn "reasonable profits" and do not set profit maximization as their pricing goal. DeepSeek is "still far from a complete shift to commercialization." He assesses that the gap between AI in China and the U.S. mainly lies in resources rather than talent, stating, "Using a fraction of the computing power can narrow the gap to 6 months, 3 months." Regarding industry competition, he believes that open source is "the sweet point for companies of this scale," while also predicting that domestic large models will ultimately converge to "two large companies and two small companies." Liang Wenfeng also mentioned that maintaining team stability is the only non-negotiable core principle, and the company is driven by vision, with "a group of ordinary people achieving extraordinary things."

In response to the accusations from Michael Kratsios, the Director of the White House Office of Science and Technology Policy, regarding Moonshot AI (Kimi) referencing Anthropic's Fable while developing the K3 model and building a large-scale distillation platform, Moonshot AI team member Randy Xia stated that Fable was released on July 1 and K3 went live on July 15, which means that the model research, distillation, training, and release were completed in just 15 days. He joked, "We trained a brand new cutting-edge model in just 15 days; this is practically a Guinness World Record."Kratsios had previously stated that Moonshot AI established an internal platform capable of large-scale distillation for U.S. models, switching between various access methods to evade detection, and had procured GB300 servers and accessed related equipment in Thailand for training. The U.S. side expressed support for legitimate distillation but opposed the theft of technology through secret industrial distillation methods.

A fraud review commissioned by the UK government suggests that the Judicial College should provide training for all judges and magistrates in England and Wales to address the increasing cases involving AI fraud and the use of cryptocurrency for money laundering. The report states that the overall Fraud Act 2006 can be used to handle AI fraud, but the issue lies in the courts' lack of preparedness to hear related cases.The report recommends evaluating whether the existing "long and complex trials" course should be updated or replaced with specialized modules on fraud and related crimes, and considers mandatory training for judges who may hear complex fraud cases. The report claims that fraud could soon account for half of all crime in England and Wales, with an estimated 4.1 million cases occurring within a year by June 2025, affecting 1 in every 14 adults and 1 in every 4 businesses. The Financial Ombudsman Service estimates that currently over half of investment scams involve crypto assets.The report also mentions the case of Qian Zhimin, who operated a Ponzi scheme in China, defrauding over 128,000 victims of approximately £5 billion and laundering the proceeds into Bitcoin. This case resulted in the largest confirmed Bitcoin seizure in UK history, exceeding 61,000 BTC, and Qian Zhimin was sentenced to 11 years and 8 months in prison at Southwark Crown Court in November.

According to the latest "Bitcoin Weekly Market Pulse" report published by glassnode, although BTC has rebounded after a recent sell-off, this round of increase is still closer to a "volume contraction recovery." The report shows that the weekly spot trading volume decreased by 21.5% to $4.1 billion, and the spot CVD turned from positive to negative at -$58.8 million, indicating that the breadth of market buying remains weak.In terms of institutional funds, the weekly net inflow of the US spot BTC ETF has recovered to $161.3 million, but ETF trading volume still decreased by 11.97% to $8.4 billion. On-chain data shows that the number of active addresses decreased by 7.6% to 599,000, on-chain transfer volume decreased by 16.1% to $4 billion, and total fees decreased by 13.9% to $168,400, indicating that on-chain activity continues to weaken.In terms of derivatives, the futures funding rate increased by 13.4% to $1.9 million, but the perpetual contract CVD plummeted by 81.7% to $83.9 million; at the same time, the options market 25-Delta Skew rose to 18.87%, indicating that investors still maintain strong demand for downside protection during the rebound process.

According to Bitcoin.com, a U.S. federal court has rejected CoinFlip and Private IT Corporation's request for an emergency temporary restraining order against the cryptocurrency ATM ban in Tennessee, which took effect on July 1. The court found that the plaintiffs failed to meet the legal standards for an emergency injunction, stating that although the businesses demonstrated they would suffer economic losses, it was not sufficient to outweigh the public interest represented by the state legislation.Tennessee Attorney General Jonathan Skrmetti stated that cryptocurrency ATMs are "tools for scammers targeting vulnerable residents, rarely used in any scenario approaching a legitimate purpose." The law classifies the installation or operation of cryptocurrency ATMs as a Class A misdemeanor. Tennessee, Indiana, and Vermont have fully banned cryptocurrency ATMs, Delaware is considering a similar ban, and North Carolina and Virginia have enacted stricter regulations. The constitutional challenge in the case will continue to progress, and the final ruling will determine whether the ban can be sustained in the long term.

According to the Economic Times, the physical AI startup Mowito has completed a $3 million Pre-Seed round of financing, led by Version One Ventures, with participation from All In Capital, Unisol, and iSeed. AI researcher Soumith Chintala and founders from Foundry Robotics, Coformer.ai, Better Capital, and others participated as angel investors.Mowito was founded in 2024 by Puru Rastogi, Adityanag Nagesh, and Safar V. It builds AI foundational models for industrial robotic arms, addressing the bottleneck of software programming in manufacturing automation by allowing robots to learn tasks through human demonstration rather than explicit programming—engineers do not need to rewrite control code when product lines change. Mowito's software can run on standard, unmodified industrial robots, serving automotive and electronics manufacturing clients. This round of financing will be used for expansion into the U.S. market, expanding engineering and marketing teams, and deepening deployment in manufacturing sites.

According to SoSoValue data, as of 8 AM Eastern Time on June 22, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $86.03 million, a decrease of 13.97% compared to last week.Strategy (formerly MicroStrategy) spent approximately $34.9 million last week to purchase 520 Bitcoins at a price of $67,068, increasing its total holdings to 847,363 Bitcoins.The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking nine consecutive weeks without purchases.Additionally, four other companies purchased Bitcoin last week. The Japanese food brand DayDayCook announced on June 17 that it spent $7.43 million to purchase 95 Bitcoins at an undisclosed price, bringing its total holdings to 2,899 Bitcoins; the Brazilian Bitcoin company OrangeBTC announced on June 21 that it invested $1.15 million to purchase 18 Bitcoins at a price of $64,121, increasing its total holdings to 3,822 Bitcoins; the asset management company Strive announced from June 15 to June 21 that it spent $49.98 million to purchase 759 Bitcoins at a price of $65,850, raising its total holdings to 19,864 Bitcoins.As of the time of writing, the total amount of Bitcoin held by the global listed companies (excluding mining companies) in the statistics is 1,142,276 Bitcoins, an increase of 1.87% compared to last week, with a current market value of approximately $7.417 billion, accounting for 5.7% of the circulating market value of Bitcoin.

According to Andrew Curran, the next-generation Mythos model from Anthropic, which has stronger capabilities (named either Mythos 5.1 or Mythos 6), has completed training. It is currently uncertain whether this model will be publicly released or kept for internal use only to accelerate the development of subsequent technologies.Analysis indicates that although some cutting-edge models like Fable 5 or Mythos 5 face restrictions or scrutiny regarding public release, this has not slowed down the research and development pace of top AI laboratories. In the face of fierce competition from open-source models represented by GLM-5.2, leading AI companies still need to continuously invest in and train more powerful systems to maintain their commercial and technological leadership.

QCP Group's latest market commentary points out that the United States and Iran reached a memorandum of understanding (MOU) over the weekend. The market expects the Strait of Hormuz to resume navigation, and the marginal easing of geopolitical risks has driven overall strength in risk assets. S&P 500 futures opened more than 100 points higher and broke historical highs, while oil prices fell below $75 per barrel, reflecting a decrease in market pricing for the risk of energy supply disruptions.

According to Jin Shi reports, Glenmede's Head of Investment Strategy and Research, Jason Pride, stated that the Federal Reserve's considerations remain unchanged, and the constraints for interest rate cuts are still inflation rather than employment.Although the labor market has not accelerated, its resilience is higher than what the unadjusted data suggests, which reduces the urgency for the Federal Reserve to take action regarding employment. Investors should expect the Federal Reserve to maintain interest rates at the next meeting and pay attention to whether energy relief measures after the ceasefire begin to lower the overall inflation rate.

Zama protocol founder Rand posted on the X platform that, with the assistance of on-chain detective ZachXBT, the root cause of the cUSDC contract freeze has been identified. This freeze was caused by a court-issued injunction against addresses related to the Overnight Finance hacker, which had deposited approximately $12.5 million USDC into the cUSDC contract, accounting for over 99% of the funds within the contract, leading to the entire contract being frozen.Rand emphasized that this freeze is unrelated to the protocol itself or privacy technology, and it is not a sanction against Zama, but rather a typical DeFi judicial restriction scenario. The project adheres to compliance and privacy principles, not confusing the parties involved in transactions, only hiding balances and amounts. Currently, Zama is communicating with multiple parties to advance a resolution, has suspended the cUSDC, cUSDT, and cWETH contracts, and will restore them after completing the investigation and handling of the involved addresses, and will release a detailed review report as soon as possible.

According to official news, based on the update from the Arbitrum DAO proposal, a judgment creditor in an unrelated case served a restraining order to Arbitrum DAO regarding the ETH frozen after the rsETH incident. A few days later, Aave LLC filed an emergency motion to vacate. The court modified the restraining order, allowing for on-chain Arbitrum voting and transferring the frozen ETH to Aave LLC.After the transfer, the restraining order will attach to Aave LLC. The revised constitutional AIP retains the asset recovery intent approved by Arbitrum DAO, and ETH will still be used for the recovery of the rsETH incident. Aave LLC will comply with all court obligations during the litigation process.

Sky proposes a comprehensive reform of the treasury revenue distribution mechanism. Founder Rune Christensen stated that with Genesis Capital's transition to Grove, Sky has officially ended the genesis capitalization phase, and the previous irregular capital deployment determined by governance has come to an end.The proposal simplifies the treasury management function (TMF) from a five-step conditional waterfall structure to a four-step fixed allocation framework, covering security and maintenance, overall backup capital, smart burn engine, and USDS staking rewards, while eliminating multiple legacy mechanisms. This move comes as Sky is rapidly expanding, with the supply of USDS rising to approximately $11.6 billion, making it the third-largest stablecoin. Previously, the Sky community authorized the deployment of up to $2.5 billion through the stablecoin incubator Obex, and launched the native USDS on Avalanche in April.

Bitcoin is currently maintaining a range-bound oscillation pattern. Under the multiple pressures of the macro environment, market liquidity continues to be constrained, and the price direction remains unclear. Analysis indicates that the interplay of energy prices, monetary policy, and geopolitical risks has led to a compression of liquidity, causing the market to enter a "wait-and-see period." The current market is not lacking in structure but rather in incremental funds.Recently, Bitcoin has stabilized after experiencing volatility, with selling pressure easing somewhat, while ETF fund flows have shown a slight net inflow. However, spot demand remains weak, and the imbalance between supply and demand limits price breakthroughs. From a technical perspective, Bitcoin has found support in the $67,000-$69,000 range, with a key resistance level forming around $72,000. Analysts state that there is a "liquidity gap" above this range, and once effectively broken, the price could quickly rise to the $82,000 area; however, until demand shows significant improvement, the market will continue to maintain an oscillating pattern.On the macro level, high energy prices, global central banks maintaining high interest rates, and uncertainties in the Middle East collectively exacerbate market concerns about "stagflation" risks. Kraken Research points out that the combination of slowing growth and inflationary pressures complicates the policy path and suppresses the performance of risk assets. Against this backdrop, the market has entered a "liquidity compression phase."Bitunix analysis suggests that the mismatch of multiple macro factors has compressed funds into a narrow range, with Bitcoin acting more as a risk appetite indicator rather than a trend trading target. In terms of funds, the March spot Bitcoin ETF recorded a net inflow of approximately $1.5 billion, an improvement from the net outflow in February, but still below January levels, indicating cautious institutional fund inflows. The derivatives market is leaning defensive, with funding rates remaining negative and high demand for downside protection; meanwhile, spot trading volume has not shown sustained growth, indicating limited market participation. Overall, Bitcoin has not yet formed a clear breakthrough or downward trend, and is currently closer to a "accumulation and consolidation" phase, with future movements still dependent on macro data, policy signals, and changes in geopolitical situations.

Tether CEO Paolo Ardoino revealed that the Tether AI team has released a new version of QVAC Fabric, which integrates the cross-platform BitNet LoRA framework, enabling the training and inference of billion-parameter large models on consumer-grade GPUs and smartphones.The new version of QVAC Fabric LLM has achieved cross-platform operation of BitNet LoRA fine-tuning and inference on AMD, Intel, Apple Metal, and mobile GPUs for the first time. On flagship devices, GPU inference speed is improved by 2 to 11 times compared to CPU, and memory usage is reduced by up to 90% compared to full precision models. The Tether team has completed fine-tuning of models with up to 3.8 billion parameters on flagship smartphones such as Pixel 9, S25, and iPhone 16, and has achieved fine-tuning of models with up to 13 billion parameters on the iPhone 16. The related code has been open-sourced to GitHub.