Changxin Technology will list on the STAR Market of the Shanghai Stock Exchange on July 27, with its current Pre-IPO price quoted at around 45.54 yuan.

Nine financial institutions and crypto firms have jointly announced the launch of the Bitcoin Security Alliance, whose founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity, Galaxy, and Strategy, covering end-to-end entities across custody, trading, infrastructure, payments, and asset management. The alliance has pledged a total of $15 million over the next three years to fund developers and researchers working on Bitcoin security, including long-term efforts such as preparing Bitcoin for the future quantum computing era. Each member independently decides which developers, researchers, or organizations to allocate funds to. The alliance’s day-to-day operations are coordinated on a voluntary basis by Mike Schmidt, executive director of Brink, a nonprofit that funds Bitcoin open-source developers. The alliance clarifies that it will not develop or dictate Bitcoin protocols, take stances on specific protocol changes, or represent Bitcoin or its developers—Bitcoin’s development remains the work of its global, decentralized contributor community. It positions itself to follow the model of industry organizations that have long supported open-source software, providing resources and attention to developers without controlling underlying work. Strategy CEO Phong Le stated, “As long-term holders, ensuring Bitcoin’s security for generations is our biggest motivation”; BlackRock Global Head of Digital Assets Robert Mitchnick noted that the work of Bitcoin’s core developers is “extremely important,” adding that the pledge will provide “significant additional funding” for Bitcoin’s long-term security needs. The alliance will also serve as a trusted source of information on Bitcoin security for investors, the public, and media, with plans to release and regularly update Bitcoin security-related materials in the coming months.

According to Fortune, Abu Dhabi sovereign wealth fund Mubadala Capital announced a partnership with Coinbase and infrastructure provider KAIO to launch a blockchain-native version of its long-term private equity fund, which will be offered as a compliant token to qualified investors. As part of the collaboration, Coinbase will operate the token on its Base blockchain, purchase the token, and include it on its balance sheet — marking the first time a U.S. public company has used regulated tokenized assets for native on-chain treasury management on its U.S. stock balance sheet.

Citrini analyst Jukan published an article refuting the view that "China's open-source models are irrelevant to NVIDIA", noting that the boom in China's open-source AI is actually strengthening NVIDIA's dominant position. China continues to use NVIDIA GPUs for model training and releases versions optimized for NVIDIA hardware. As a result, models like DeepSeek V4 and Kimi K3 still rely on NVIDIA GPUs as the most advantageous platform for inference—no one uses TPU or Trainium to run inference for these models. This protects NVIDIA's moat in two ways: first, it maintains its status as the optimal platform in the inference market; second, it indirectly curbs the motivation of hyperscale cloud providers to promote self-developed ASICs as alternatives to NVIDIA GPUs. Meanwhile, Neocloud providers that rely on NVIDIA GPUs for their inference operations also stand to benefit, as the boom in China's open-source models gives them a steady source of computing power demand. Jukan points out that the real structural risk is long-term: if China achieves true computing power independence and no longer relies on NVIDIA, the consequences will go far beyond losing the Chinese market alone. NVIDIA's dominant position will be significantly weakened, the relative competitiveness of alternatives like TPU and Trainium will rise, and it will also deal a blow to the Neocloud ecosystem, which NVIDIA regards as a key strategic asset.

Google (GOOG.O) disclosed its stake in SpaceX (SPCX.O) in a 10-Q filing, holding shares valued at $94 billion following SpaceX’s IPO. As of June 30, tradable equity securities include $80 billion worth of SpaceX shares, which are subject to short-term sale restrictions.

According to Bitget market data, WTI crude oil surged 5% intraday, currently trading at $91.25 per barrel. Brent crude rose 3.5% to $93.83 per barrel. As of early today, the U.S. military has carried out a new round of strikes against Iran for the 12th consecutive night, targeting Iran’s maritime combat capabilities, missile and drone storage facilities, coastal surveillance sites, and air defense assets. According to PolyBeats monitoring, on prediction platform Polymarket, the probability that WTI crude oil will hit a daily closing price of $110 this month is 34%, the probability of hitting $120 is 10%, and the probability of hitting $130 is 4%.

Stablecoin issuer Mandela Digital has announced the completion of a $5 million funding round, with Datavault AI participating in the investment. The new capital will be allocated to stablecoin infrastructure development, compliance work, exchange platform integration, liquidity expansion, and marketing efforts, as well as accelerating the launch of its 1:1 U.S. dollar-pegged stablecoin, Mandela Dollar (MUSD).