Market Sentiment: Current sentiment among smart money and retail funds in the market is at a neutral level.

ABC News cited former U.S. Department of Defense official Mick Mulroy as saying that negotiations between the U.S. and Iran have “made no progress so far,” with clear differences remaining between the two sides’ positions. Analysts noted that disagreements between Washington and Tehran on core issues including the nuclear program, security arrangements and regional influence remain hard to bridge. While diplomatic channels stay open, the likelihood of a breakthrough in the short term is limited. Earlier, Iran stated it was close to reaching an agreement with Oman to reopen the Strait of Hormuz, but Tehran still refused to resume direct talks with the U.S. before meeting relevant conditions. Last week, U.S. Treasury Secretary Scott Bessent said an agreement could be imminent, but Trump later noted that the U.S. is currently only in a “semi-negotiation” state and hopes to continue exerting economic pressure on Iran. As the Middle East situation continues to draw close attention, markets are closely monitoring changes in U.S.-Iran relations and their potential impact on energy prices and global risk assets.

The Token Spending Price Index has dropped to 1.1635, continuing its downward trajectory since peaking at the end of May (hitting a high of 2.0651 on May 28), with a cumulative decline of 43.7% over two months. The index has now fallen below the 1.2446 level recorded at the end of 2025, officially hitting a year-to-date low, signaling that AI computing power pricing has returned to the starting point of this expansion cycle. Note: Token sales are a core monetization channel for the current AI industry, and their price is one of the key indicators measuring the supply and demand balance of computing power. If Token prices stay elevated, cloud service providers will have incentives to acquire more GPUs, DRAM memory, and expand data centers; conversely, AI enterprises may face "consumption downgrades", which could serve as a leading indicator marking the end of this hardware boom cycle. Token price data is sourced from world-leading AI models including OpenAI, Anthropic, and DeepSeek. (Golden Ten)

According to Bitget market data, both U.S. WTI and Brent crude oil rose more than 3%. WTI crude is priced at $78.53, while Brent crude trades at $84.06. On the news front, Iran announced it is nearing an agreement with Oman to reopen the Strait of Hormuz, though Tehran remains unwilling to resume direct talks with the U.S. until relevant conditions are fulfilled. Last week, U.S. Treasury Secretary Bessent said an agreement could be imminent, but Trump later noted the U.S. is currently only in a "semi-negotiation" phase and intends to keep applying economic pressure on Iran. Investors continue to evaluate how the Strait of Hormuz situation will impact energy markets and the global economy.

According to a report from The Information, Microsoft (MSFT.O)’s self-developed AI chip project has shown signs of recovery after a slow start. Microsoft believes its in-house MAIA chip can run both the company’s self-developed models and OpenAI’s models at lower costs. The company plans to increase its own use of MAIA chips, actively target large clients, and significantly ramp up production of the chips. It is reported that Microsoft plans to launch its next-generation MAIA 300 AI chip in September 2026. Microsoft has been in discussions with TSMC (TSM.N) to secure production capacity for more than 300,000 MAIA chips, with deliveries scheduled for 2027.

According to monitoring by @EmberCN, Bitcoin treasury firm Strategy sold 1,690 BTC again last week, with its per-sale price $11,123 lower than its average cost, resulting in a realized loss of $18.8 million. It currently holds 840,447 BTC worth $54.742 billion, with an average cost of $75,385 per BTC, posting an unrealized loss of $8.615 billion (-13.6%). Ethereum treasury firm Bitmine purchased 7,391 ETH last week at an average price of ~$1,888, totaling $13.95 million. The firm now holds a total of 5,805,238 ETH worth $11.152 billion, with an average cost of $3,369 per ETH, leading to an unrealized loss of $8.406 billion (-43%).

Anthropic has formed strategic partnerships with Macquarie and Singaporean sovereign wealth fund GIC to build data centers for Claude developers. The newly established entity, named Theseus Infrastructure, will serve as the vehicle for developing AI computing sites, with an initial focus on the U.S. Macquarie and GIC have committed to providing the majority of equity funding for each project, while Anthropic has pledged to cover any increases in consumer electricity prices stemming from these facilities.