Binance Alpha Launches Its First Ever Alpha Points Redemption Campaign

Bitcoin miner manufacturer Canaan Inc. announced it has received a written notice from Nasdaq granting an additional 180-day grace period (expiring January 11, 2027) to regain compliance with Nasdaq’s minimum bid requirements. Canaan originally received an initial non-compliance notice from Nasdaq on January 14, 2026, and its initial 180-day grace period expired on July 13. The company transferred its listing segment from Nasdaq Global Market to Nasdaq Capital Market on July 1, and its American Depositary Shares (ADSs) continue to trade on Nasdaq Capital Market under the ticker symbol “CAN”.

Indian AI coding startup Emergent has closed a $130 million Series C funding round, lifting its post-money valuation to $1.5 billion — a notable jump from its $300 million Series B valuation in January this year. The round was led by Creaegis, with participation from Khosla Ventures, SoftBank Vision Fund 2, Lightspeed, and Y Combinator, bringing the company’s total cumulative funding to $230 million. Emergent offers an integrated AI development platform covering coding, deployment, hosting, testing, and debugging, targeting entrepreneurs and small and medium-sized enterprises (SMEs). The company noted its annualized revenue run rate has hit $120 million, with over 200,000 paying customers. The financing proceeds will be mainly used to advance product R&D, enhance AI agent workflow capabilities, and expand market presence, including considering opening an office in Europe.

According to monitoring by Dongcha Beating, ByteDance, in collaboration with ZTE Nubia, will launch multiple models of its first AI agent phone—the "Doubao AI Agent Phone"—this year. One model will be unveiled during the 2026 World Artificial Intelligence Conference, with total inventory of around 200,000 units, and the first batch will be less than 100,000 units. Previously, the first-generation Doubao Phone (Nubia M153 tech preview version) was released on December 1, 2025. Positioned as an "engineering prototype", it had extremely limited inventory and no additional production after selling out. The first batch only had about 30,000 units with no extra material investment. Prices of the Doubao Phone on the secondary market were once driven up, hitting a maximum of 7,999 yuan—far exceeding the official price of 3,499 yuan. A supply chain source noted that the initial inventory of this generation is much larger than the previous one, with some spare parts exceeding one million units. However, due to rising upstream component costs, multiple adjustments were made, bringing the total from the original 300,000 units to around 200,000 units.

Payment infrastructure startup Cyclops announced it has closed a $20 million Series A funding round, led by Nava Ventures with participation from Castle Island Ventures, Coinbase Ventures, Circle, Lasagna Ventures, and GPT Ventures. The firm offers integrated cryptocurrency and stablecoin infrastructure for payment businesses, enabling faster settlements and cross-border transfers without requiring these companies to build related tools in-house. Cyclops aims to boost capital flow efficiency via its stablecoin infrastructure, with the financing coming shortly after its $8 million seed round completed in March this year. Shift4 Payments and Mastercard are already among its existing clients.

U.S. producer price inflation metrics for June came in weaker than expected, indicating that the impact of tensions related to the Iran conflict remains somewhat contained. Data showed that the core Producer Price Index (PPI), which excludes food and energy, rose 4.7% year-over-year and 0.2% month-over-month. Overall PPI growth slowed, with a year-over-year increase of 5.5%. Last month’s drop in energy costs helped ease inflationary pressures, potentially giving the Federal Reserve more room to delay interest rate hikes—especially after Tuesday’s macro data revealed June’s Consumer Price Index (CPI) also came in softer than expected. However, as Middle East tensions flare up again, this respite may not last long. Energy prices fell 6.4% in June, while transportation and warehousing prices also declined. Freight rates remained elevated due to rising fuel costs and a driver shortage caused by the Trump administration’s tightened immigration policies. Meanwhile, food prices fell for the first time in three months. Overall, U.S. food prices have continued to rise this year amid a combination of factors including extreme weather, conflicts, and tariffs.

Key pre-market U.S. stock news overview: 1. U.S. June PPI month-over-month rate: -0.3% (vs. 0% expected); U.S. June PPI year-over-year rate: 5.5% (vs. 6.2% expected). 2. SK Hynix ADRs narrowed their premium over South Korean shares to 30.7%, down from 51.5% at the close of U.S. trading this morning. 3. Buffett said: "It was a mistake that I didn’t invest in Google back then. Based on its current performance, the company is now 'more likely to be a winner'." 4. The semiconductor sector’s weighting in the S&P 500 has risen to 20%, hitting an all-time high. 5. The China-exclusive Apple Intelligence will integrate both Baidu and Alibaba’s AI models. Alibaba confirmed its Qianwen model will be integrated into iOS, iPadOS, macOS, and visionOS to provide AI capabilities for Chinese users. Baidu has not yet disclosed specific cooperation details. 6. Samsung is secretly studying the feasibility of listing in the U.S., a plan the company previously denied. 7. ASML’s Q2 results beat all expectations, driven primarily by AI chip demand. Net profit reached €2.92 billion, exceeding the market forecast of €2.62 billion. 8. Morgan Stanley’s equities traders significantly outperformed Wall Street expectations, setting another quarterly record. The bank’s Q2 2026 equities trading revenue hit $6.3 billion, up 69% year-over-year, marking a new quarterly high. 9. Trump held a meeting in the White House Situation Room to discuss a large-scale offensive against Iran; the operation will have a broader scope than current strikes around the Strait of Hormuz. Trump appears intent on escalating the conflict, aiming to inflict sufficient damage to force the Iranian regime to open the Strait of Hormuz and accept his nuclear-related demands.