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AI inference startup General Compute has secured a $400 million loan, in what is the first financing transaction backed by inference-specific chips as collateral.

1 hours ago

AI inference-focused startup General Compute recently secured a $400 million loan from Upper90, marking the first financing transaction backed by inference-specific chips as collateral. The company builds its dedicated cloud platform using SambaNova ASIC chips. General Compute closed a $15 million seed round in May, positioning itself to proxy AI workloads, delivering faster token processing speeds and lower latency than traditional GPU-based clouds, with deployments in existing data centers including crypto mining facilities.

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Associated addresses linked to Lombard Finance have deposited 750 Bitcoin to Galaxy Digital, likely for an over-the-counter (OTC) transaction.

According to monitoring by Onchain Lens, a wallet associated with Lombard Finance sent 750 BTC (approximately $47.8 million) to Galaxy Digital, likely related to an over-the-counter (OTC) transaction.

4 minutes ago

Photon Stock Guru: Kimi K3 Boasts Enormous Parameter Count, Cloud Hosting Platform Companies Likely to Benefit

Rising star US stock researcher KawzInvests (@KawzInvests) posted that Kimi K3 is an open-source model with 2.8 trillion parameters. Moonshot’s own evaluation shows it lags only behind Claude Fable 5 and GPT 5.6 Sol. The full weights will be released on July 27. Such a large model cannot run on ordinary users’ laptops or even a single server. Therefore, if such open-source models gain popularity, cloud hosting platforms will be the beneficiaries. KawzInvests cited DigitalOcean (DOCN) as an example, noting that the company already supports hosted operations for Kimi K2.6. Beyond DOCN mentioned by KawzInvests, cloud service providers including Amazon, Microsoft, NBIS, RIEN, etc., may generally align with this investment logic.

4 minutes ago

Paxos Joins Robinhood Chain Governance Council

Stablecoin and blockchain infrastructure provider Paxos tweeted, “Paxos is honored to be a member of the Robinhood Chain Governance Council.”

4 minutes ago

Chair of the U.S. House Committee on Administration: CLARITY Act Expected to Pass the Senate Next Week

US Congressman Bryan Steil expressed optimism on Fox News that the CLARITY Act is expected to pass the Senate next week, stressing that the U.S. needs to set a gold standard for regulation in the digital asset space. Steil currently serves as Chairman of the House Administration Committee, and also chairs the Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence under the House Financial Services Committee.

4 minutes ago

New-generation Doubao smartphones have a stock of hundreds of thousands of units, and the AI will no longer forcibly integrate into leading apps.

The new generation Doubao phone has adjusted its collaboration model with leading Chinese super apps including Alibaba and Tencent. It will no longer conduct screen reading, click simulation, or human-like app operations (the so-called GUI technology) after obtaining user authorization. The phone can only integrate with these apps if they independently provide MCP services, open partial data, and allow operational control. A source close to the Doubao phone initiative stated that the new model’s inventory has increased from 30,000 units to hundreds of thousands. “Phones can’t stay in the technical trial phase forever—they have to be sold eventually,” the source added. (LatePost)

4 minutes ago

Bloomberg analysts: Bitcoin may replicate the trend following the launch of gold ETFs, undergoing a "painful pullback" and a "patience-testing recovery"

Bloomberg ETF analyst Eric Balchunas said Bitcoin ETFs are likely to follow gold’s volatility trajectory, experiencing "stunning rallies" and "painful pullbacks" that will test investors’ patience. Balchunas noted that both gold and Bitcoin are non-yield-bearing stores of value that generate no cash flow. Their demand, driven by market sentiment, can lead to both "price surges" and prolonged stagnation. As such, Bitcoin ETFs may follow the same playbook: stunning gains, painful pullbacks, and a recovery that could test investors’ patience.

4 minutes ago

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