Dan Bin: The current round of adjustments in the storage sector has nearly reached a phased bottom, and the long-term demand logic for the AI industry remains unshaken.

The world’s largest stablecoin issuer Tether has invested $20 million in Argentine digital bank Ualá, which counts over 11 million customers across Argentina, Mexico, and Colombia, offering services including accounts, cards, loans, and investments. The investment forms part of Ualá’s $197 million funding round announced in March this year, led by Allianz X, Allianz’s venture arm, with a post-money valuation of $3.2 billion. At this valuation, Tether holds an approximately 0.6% stake. Ualá CEO Pierpaolo Barbieri stated that current regulations in Argentina and Mexico have hindered recent plans to integrate USDT, and Tether is participating in the round solely as a financial investor. Tether has been ramping up its footprint in South America recently: in April, it led a $14 million funding round for Argentine payment wallet Belo; it holds around 70% of shares in Adecoagro, an agricultural and energy producer operating in Argentina, Brazil, and Uruguay; and earlier this month, it put $20 million into Brazilian crypto exchange Mercado Bitcoin. Tether uses excess capital from returns on USDT reserve assets for these investments. Currently, USDT has a circulating supply of $184 billion, with a net profit of $1.04 billion in the first quarter of this year.

Binance founder CZ shared a graphic post, announcing that his book *Binance Life* has ranked first in the "Science & Humanities" category of the Hong Kong Commercial Press bestseller list for June 2026.

Swedish listed company Bitcoin Treasury Capital has been approved to list Sweden’s first bitcoin-backed preferred share product, BTC PREF, on Sweden’s Spotlight Stock Market starting July 20, offering a 10% annual dividend.

According to GMGN market data, meme coin ANSEM has seen a short-term decline of around 20%, with its market cap dipping to $150 million and currently trading at $163 million. Its 24-hour drop stands at 33%, while 24-hour trading volume is $33.4 million. BlockBeats Note: Meme coins are highly volatile, largely driven by market sentiment and concept hype, with no actual intrinsic value or practical use cases. Investors are advised to take note of the associated risks.

According to GMGN market data, the on-chain meme token TENDIES on the Robinhood chain has hit a market cap of $17 million, surging 422% in 24 hours with a trading volume of $6 million over the same period. TENDIES is derived from the internet meme "tendies" (referring to chicken nuggets or diced chicken), which originated from US retail investors and the Reddit community, symbolizing the grassroots sense of victory of "ordinary people making money and going home to celebrate with chicken nuggets". BlockBeats Note: Meme coin trading is highly volatile, mostly driven by market sentiment and concept hype, with no actual value or practical use cases. Investors are advised to be mindful of the associated risks.

TSMC today released better-than-expected quarterly results and raised its full-year revenue and capital expenditure outlook across the board. Chairman and CEO C.C. Wei stated at the meeting that he is "very envious" of the 86% gross margin posted by memory chip makers, and also emphasized that AI is a brand-new industry with strong demand that will persist through 2030. TSMC’s Q2 financial report shows net profit of NT$706.6 billion, exceeding the market expectation of NT$623.73 billion; its gross margin stood at 67.7%, also beating market forecasts. Wei reiterated at the meeting that seeing the 86% gross margin of memory firms, he is "truly envious", but stressed that as a partner of its memory chip customers, TSMC will not suddenly raise prices sharply and drive clients out of the market. "Our customers must succeed. One of my South Korean competitors has indeed made a lot of money, and frankly, I am envious," he said.