24/7 Blockchain industry dynamics and breaking crypto news
JPMorgan's latest report reveals that June saw simultaneous increases in large model usage, API spending, and GPU rental prices, indicating sustained expansion in AI infrastructure demand. Despite a year-on-year decline in model token prices, the substantial growth in usage has more than offset this, improving unit economics for model providers.
Read MoreSamsung is investing ~$45 billion in South Korea's Yeongnam region to build a global physical AI cluster. The plan focuses on humanoid robots, solid-state batteries, AI server packaging, and high-value shipbuilding, aiming to merge AI with manufacturing and create 200,000 jobs.
Read MoreKioxia and SanDisk have reportedly initiated mass production of their 10th-generation 3D flash memory at the Kitakami Fab2 plant in Japan. This move signifies a key step in scaling advanced storage technology for future market demands.
Read MoreChina's central bank and other regulators have released draft rules requiring financial institutions to set cybersecurity protection levels, conduct regular assessments, and strengthen personal data security. The guidelines encourage use of national identity verification services to enhance industry-wide safeguards.
Read MoreBank of America has revised its year-end 2026 target for the STOXX 600 index upward from 590 to 630 points. This upgrade signals growing confidence in European corporate earnings and the broader economic outlook, offering a key directional signal for investors.
Read MoreBinance has added 15 bStocks tokenized securities, such as NVIDIA and Tesla, as eligible collateral for cross-margin and Unified Accounts. This expansion provides users with more flexibility to use popular stock tokens as margin for leveraged trading.
Read MoreDigital China's subsidiary Shenzhou Kuntai has won a Huawei AI computing server procurement project from a major state-owned bank, valued at approximately 371 million yuan. The super-node server deal is expected to significantly boost the company's IT innovation and overall performance.
Read MoreChina's financial regulator has taken control of Zhongbang Bank due to serious credit risks. The move aims to protect depositors' interests and stabilize the banking sector, highlighting intensified oversight amid economic pressures.
Read MoreIran's civil aviation authority announced the complete closure of Tehran's airspace on June 6 for the state funeral of the late Supreme Leader. All flights will be suspended throughout the day. Travelers are advised to check with airlines for schedule changes.
Read MoreNingbo Huaxiang clarified that its subsidiary's quadruped robot P30 is in production with existing orders for security and rescue scenarios. The humanoid robot is currently in training, with future factory trials planned. The company noted the robotics business is still in early development.
Read MoreTencent's QClaw product lead Zhang Shuyu has confirmed her departure in late June. On social media, she reflected on building the consumer product and clarified that QClaw and WorkBuddy were not in internal competition, sharing the same executive oversight and overlapping growth teams, dispelling speculation about resource rivalry.
Read MoreMizuho Securities raised its price target for Robinhood from $115 to $130, maintaining an Outperform rating. The move signals strong analyst confidence in the trading platform's growth trajectory and expanding product offerings.
Read MoreBank of America data reveals investors are pulling money out of US stocks at the fastest rate since March. For the week ending July 1st, US equity funds saw a net outflow of $17.2 billion, marking the first net withdrawal in three months and raising questions about a potential market shift.
Read MoreThe PBOC net withdrew funds via open market operations this week. Data shows 678.5 billion yuan in reverse repos will mature next week, spread across workdays, alongside a longer-term outright reverse repo expiry. Market focus shifts to the central bank's follow-up operations to manage maturity pressure and maintain ample liquidity.
Read MoreING analyst Francesco Pesole suggests Japan may have intervened in the yen on Thursday, with further action possible amid thin Friday liquidity due to a U.S. holiday. Japan's strategy appears to involve acting around holidays and spreading operations over multiple days.
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