OKX.AI Genesis Hackathon Extended to July 28

Famous futurist and "Father of Silicon Valley Spirit" Kevin Kelly told media in an interview at the 2026 World Artificial Intelligence Conference that if the day comes when everyone starts paying attention to token costs, China’s AI will hold an advantage thanks to the existence of open-source models. Kelly noted that token consumption costs are growing increasingly important, though currently the industry seems not to prioritize them. “But I think when we are consuming such massive amounts of tokens all the time, people will start caring about [costs]. If you can offer costs that are one-tenth of Anthropic’s, that will disrupt the entire landscape.” However, Kelly also warned that open-source models require sufficient funding to sustain operations, as they are not as profitable as closed-source models. “Building these large models requires massive capital.”

On-chain analyst Ai Yi (handle @ai_9684xtpa) reports that a trader purchased $179,000 worth of BRIAN at an average price of $0.01311 at yesterday’s peak, and is now facing an unrealized loss of $159,000, with their assets having shrunk by 88.7%.

According to Kuwait News Agency, Kuwait Petroleum Corporation stated that key oil facilities were attacked by Iran, resulting in multiple injuries and heavy losses.

Iran's Revolutionary Guard stated that two Iranian missiles successfully breached the defense of multiple "Patriot" missiles. At least two Iranian ballistic missiles struck an air base in Jordan. Although the number of ballistic missiles Iran launched was relatively small, the success rate of its attacks has steadily increased over the past few days.

Michael Saylor, founder of MicroStrategy, stated in a post that the corporate organizational structure allows people to collaborate around a shared mission within a legal framework, while operating with higher efficiency, transparency, credibility, scale, resilience, and sustainability. For Bitcoin to become a global monetary network, corporate adoption is not only necessary, but also an inevitable and welcome development trend.

According to a Bloomberg report citing people familiar with the matter, Apple Inc. and the U.S. Department of Justice (DOJ) are in preliminary settlement negotiations over an antitrust lawsuit filed in 2024 that accuses Apple of violating U.S. antitrust laws. The sources said the two sides are currently in active discussions, though there is no guarantee a final settlement agreement will be reached. As of now, no trial date has been set for the case.