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AI infrastructure startup Fireworks raised $1.5 billion at a $17.5 billion valuation. Backed by NVIDIA, the company provides cloud services for running open-source AI models, helping businesses deploy AI affordably. It now processes 40 trillion tokens daily and serves clients like Elastic and GitLab.
Read MoreOn July 16th, spot gold and silver prices fell sharply, with gold down 2% and silver plummeting 4%. This article analyzes the market context, driving factors, and potential implications for investors behind the synchronized decline in precious metals.
Read MoreBinance will launch USDT-margined perpetual contracts for a range of high-profile assets starting July 17, 2026. The new listings include leading AI companies like MiniMax and Zhipu AI, alongside Hong Kong stock giants Tencent and Xiaomi, offering traders diversified exposure.
Read MoreSpot gold prices fell sharply, breaking below the key psychological level of $4000 per ounce. The intraday drop reached 1.48%, drawing market attention to gold's short-term trajectory and potential driving factors behind the move.
Read MoreSoaring AI compute demands are driving massive investment in power infrastructure. Bloom Energy secured $1.7 billion in project funding from IDF and Oaktree Capital. The company will provide dedicated "behind-the-meter" power solutions for AI cloud provider Nebius, highlighting the critical convergence of energy and computing.
Read MoreThe latest US labor market data revealed a surprise drop in weekly initial jobless claims to 208,000 for the week ending July 16, coming in below forecasts of 217,000 and the previous week's 215,000. This suggests continued tightness in the employment landscape.
Read MoreMorgan Stanley forecasts that the year-on-year growth rate of DRAM contract prices will likely peak in Q4 2026, followed by a significant slowdown. This suggests an end to the extreme price surges seen recently, potentially leading to a revaluation of memory chip makers.
Read MoreChinese AI leader DeepSeek's latest valuation has been unexpectedly revealed, reaching approximately 351 billion yuan ($50B+). Following this funding round, the company has already initiated a new round of financing. Speculation continues regarding a potential year-end IPO on the STAR Market, though no confirmation has been made.
Read MoreAn Iranian official stated that retaliatory actions for martyred leaders do not harm diplomacy but demonstrate the system's resolve, serving as strategic leverage against US bullying. This approach is framed as aligning with religious law, national interests, and international realities.
Read MoreThe European Commission is preparing a comprehensive banking reform to relax capital rules and facilitate cross-border mergers. This initiative aims to enhance the competitiveness of EU banks in the global financial landscape, potentially reshaping the regional banking sector.
Read MoreAI Agent trading volume on Robinhood Chain via Virtuals has surged past $100 million in just over a week. With over 2,440 Agents launched, the platform has raised $1.8 million for developers from firms like Google, cementing its role as core infrastructure.
Read MoreA new permanent capital company, backed by notable investors, has raised $40 million. Its strategy involves acquiring cash-flowing businesses and allocating retained earnings to Bitcoin as a core treasury reserve asset.
Read MoreCXMT's IPO strategic placement list reveals participation from national funds, industry leaders, and major hedge funds. Liang Wenfeng's quantitative fund placed substantial bids at the high end of the price range, indicating strong confidence. Several tech and auto companies also secured allotments with lock-up periods.
Read MoreAlpaca, an AI and tokenization-focused financial infrastructure platform, has raised $135 million in a new funding round led by Peak XV. The fresh capital, bringing its total funding to $435 million, will accelerate development of its AI-native brokerage infrastructure and API-first prime brokerage services, helping institutions bridge traditional and on-chain markets.
Read MoreMiniMax will showcase its omni-modal models, including the debut M3 and H3 series, at the 2026 World AI Conference (WAIC). The newly unveiled M3 model features enhanced multimodal capabilities for processing images and videos, enabling AI agents to operate within computer environments and significantly expand perceptual boundaries.
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