ZEC Rebounds Surging Past $400, 24-hour Gain Expands to 9.4%

According to market data from BIT (bit.com), U.S. stocks opened with the Dow Jones Industrial Average down 0.07%, the S&P 500 down 0.19%, and the Nasdaq Composite down 0.54%. Storage and AI chip sectors saw broad declines: SK Hynix (SKHY) fell more than 5%, Western Digital (WDC) and Seagate Technology (STX) dropped around 4%, SanDisk (SNDK) and Micron Technology (MU) declined over 3%; Intel (INTC) fell more than 3%, Taiwan Semiconductor Manufacturing Company (TSM) dropped over 2%, and AMD (AMD) decreased by 1.6%.

US President Donald Trump said that starting now, any time the Islamic Republic of Iran opens fire on vessels in the Strait of Hormuz—whether via missiles, rockets, drones, or any other equipment or weapon—the US will bomb and destroy a bridge or power plant, including facilities located near or within its capital Tehran.

According to a report by The Information, three sources familiar with the matter disclosed that Elon Musk’s SpaceXAI is advancing the construction of at least one new large-scale data center in Texas. If the project comes to fruition, SpaceX’s AI computing power will be significantly expanded beyond its existing data center hub in Memphis, Tennessee.

According to The Wall Street Journal, sources familiar with the matter revealed that OpenAI has raised its projected cloud services spending from $600 billion to $750 billion. The company plans to invest over $30 billion to build new data centers.

Crypto whale "Set 10 Big Goals First" posted on social media about a 4x leveraged short position on Bitcoin, reporting an unrealized profit of over $980,000 and a 2.19% return on investment. He noted, "This is a short-term short on Bitcoin." Earlier reports showed the same crypto whale closed out his long Bitcoin position for a profit in the early hours of today, netting $6.019 million. He said, "The uptrend remains unchanged; I took profits on this position to lock in gains and will take a two-day break."

According to Reuters, prediction market platform Polymarket said it will challenge the French regulator’s decision to block its website via French legal proceedings. Polymarket expressed disappointment over the regulator’s sudden, unilateral blocking action. Last week, France ordered local internet service providers to block Polymarket, citing risks of significant user losses and potential manipulation in some of its markets. As prediction markets grow rapidly in popularity, regulators worldwide are stepping up scrutiny. In May this year, the Spanish government temporarily banned Polymarket and its competitor Kalshi from operating in the country; in June, the U.S. Commodity Futures Trading Commission released a new regulatory draft targeting the prediction market industry.