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7/16

12:17

Google Launch of Gemini Omni and Updates to Google Vids' Personal Digital Avatar Feature

Svmuu News: According to market reports, Google (GOOG.O) has launched Gemini Omni and updated the Google Vids personal digital avatar feature. Google Vids has rolled out Gemini Omni and the personal digital avatar feature, which are available to Google AI Pro and AI Ultra subscribers, as well as Workspace enterprise customers. (Jin Shi)

12:08

Intel Partnering with Google to Drive Enterprise AI Transformation

Svmuu News: According to market reports, Intel and Google are collaborating to drive Intel’s enterprise AI transformation. Intel will integrate advanced Gemini-powered generative AI for its global workforce and is currently exploring solutions based on the Google cloud to help teams streamline marketing and communication workflows. (Jin Shi)

12:03

Cumberland has obtained an MPI license from the Monetary Authority of Singapore (MAS), enabling it to provide DPT and cross-border remittance services

Svmuu News: Cumberland announced on Platform X that its Singapore subsidiary, Cumberland SG Pte. Ltd., has been granted an MPI license by the Monetary Authority of Singapore, authorizing it to provide digital payment token services and cross-border money transfer services.

12:01

Trasia Labs Completes $35 Million Seed Round Led by Multicoin Capital

Svmuu News: Trasia Labs announced the completion of a $35 million seed round led by Multicoin Capital. The project’s core business is the development of Trasia, an Asia-first, non-custodial trading platform built on Hyperliquid, which focuses on providing liquidity for Asian stock Perps. The funds will be used to launch web and mobile applications, drive user growth, and launch the first HIP-3 market focused on Asian securities.

12:01

Trasia, a liquidity provider specializing in Asian stock Perps, has raised $35 million and completed a $1.75 million seed round led by Multicoin Capital.

Svmuu News: Trasia announced that it has raised $35 million, including a $1.75 million seed round led by Multicoin Capital.
Trasia Labs is the development team behind Trasia, a non-custodial trading platform built on Hyperliquid. This funding will be used to drive the launch of its web and mobile applications, accelerate user growth, and launch the first HIP-3 markets focused on Asian securities assets.
Following this funding round, Trasia’s web-based trading interface has officially launched, initially supporting both Chinese and English. The platform is built on Hyperliquid.
Trasia’s mobile trading interface will offer a user experience comparable to that of leading Asian exchanges, making trading on global markets familiar and simple. Initially, the platform will offer Hyperliquid’s native HIP-3 markets, with plans to launch its own HIP-3 markets later this year.

11:58

The U.S. stock market's storage sector continued to decline, with SanDisk's losses widening to 10.07%

Svmuu News: According to data from MSX.COM, the U.S. stock market’s storage sector continued to decline, with SanDisk’s losses widening to 10.07% and its total market capitalization standing at $215.1 billion.Western Digital (WDC.O) fell nearly 9%, SK Hynix ADR (SKHY.O) dropped 8.6%, and Micron (MU.O) fell more than 5%.

11:53

Ethena has launched on the Monad blockchain; USDe and sUSDe are now available in the Monad ecosystem

Svmuu News: Ethena announced on X that it has officially launched on the Monad blockchain. USDe and sUSDe are now available across the entire Monad ecosystem, including integration with Monad’s Aave instance, allowing Ethena users to borrow stablecoin liquidity at scale. Additionally, the parallelized EVM version of USDe is now live.

11:50

Iran Reiterates That It Has No Hostile Relations with Its Gulf Neighbors

Svmuu News: The Iranian Foreign Ministry issued a statement calling on neighboring countries on the southern shore of the Persian Gulf to immediately take measures to prevent their land, waters, and airspace from being used for military operations against Iran, in order to avoid further escalation of regional conflict. The statement noted that Iran does not want the United States and Israel to use this situation to exacerbate tensions and mistrust among countries in the region. Furthermore, the Iranian side emphasized that there are no hostile relations between Iran and its neighboring countries. Iran has consistently maintained that the only path to achieving lasting regional security is for countries in the region to strengthen dialogue and cooperation and to jointly maintain regional stability without extraregional military presence or external interference. (CCTV News)

11:44

After 8.5 Years of Inactivity, a Bitcoin Whale Transfers 5,907.56 BTC, Worth Approximately $384 Million

Svmuu News: A Bitcoin wallet that had been inactive since late 2017 transferred 5,907.56 BTC—worth approximately $384 million—to a new address on Thursday.
According to Galaxy Research data, these BTC were originally received on December 14, 2017, and were transferred in block 958217 (Bitcoin) at approximately 00:15 UTC.The firm estimates that the position has appreciated by approximately $286 million from an average purchase price of about $17,000, representing a 291% gain.
The funds were transferred to a previously unidentified wallet rather than a known exchange deposit address, and on-chain data does not indicate that the holder has sold any Bitcoin. This transfer also moved the BTC from a traditional address beginning with “1” to the newer bc1q address format.

11:40

The U.S. CFTC is investigating staff members suspected of using inside information from a speech at Donald Trump to engage in trading based on predicted events

Svmuu News: The U.S. Commodity Futures Trading Commission (CFTC) is investigating a potential insider trading incident involving the prediction market platform Kalshi. An employee allegedly responsible for operating the teleprompter for Donald Trump is accused of placing bets on contracts related to the event in question.
According to reports, the employee may have used advance access to the content of Donald Trump’s public remarks to place bets on the Kalshi platform Donald Trump regarding whether specific statements would be made or included in the speech. The CFTC is currently investigating whether the transactions involved the use of non-public information and whether they violated prediction market trading rules.
This investigation has once again drawn market attention to the risks of insider trading in prediction markets. As trading volumes on platforms such as Kalshi and Polymarket grow rapidly, prediction contracts related to political, economic, and public events are increasingly coming under scrutiny by regulators. (CNBC)

11:30

X Governance Creator Revenue-Sharing Program: Nearly 4,000 Accounts Removed; Over $1 Million in Earnings to Be Returned to Original Creators

Svmuu News: Nikita Bier, Product Lead for the X platform, posted that the platform is upgrading the anti-cheating mechanisms for its Creator Revenue Share program, with a focus on cracking down on engagement manipulation and content plagiarism.
Bier noted that accounts that repeatedly post “engagement-inducing” content—such as phrases like “Reply to me and I’ll follow everyone”—to artificially boost engagement, and accumulate three or more such instances, will be removed from the Creator Revenue Share program and referred to the policy team for further action, including the risk of account suspension. Currently, X is using its Grok AI system to identify such behavior, and nearly 4,000 accounts have already been removed from the revenue program today.
Additionally, X’s updated content recognition model can detect duplicate content three times more efficiently than before. The platform stated that simply adding watermarks, intros, or making minor modifications will not generate revenue; related monetization earnings will be returned to the original content publisher. This mechanism also applies to the copying of viral text posts, such as highly shared content like “Twitter is the smoking area of the internet.”
According to Nikita Bier, X identified approximately 1.5 million instances of plagiarized content during this detection cycle. For accounts that repeatedly or intentionally evade detection, the platform will revoke their eligibility for creator revenue.
X stated that through these enforcement measures, it expects to redistribute more than $1 million in revenue to original content creators to improve the quality of the platform’s content ecosystem.

11:25

Today, the “Bitcoin” ETF saw net inflows of 1,632 BTC, while the “Ethereum” ETF saw net inflows of 23,567 ETH.

Svmuu News: According to Lookonchain data, the U.S. "Bitcoin" ETF saw net inflows of 1,632 BTC today, with net outflows of 2,975 BTC over the past 7 days; the "Ethereum" ETF saw net inflows of 23,567 ETH, with net inflows of 28,875 ETH over the past 7 days.

11:14

The Clarity Act Aims to Establish Consumer Protection Rules for Centralized Digital Asset Platforms

Svmuu News: The Clarity Act will establish clear federal rules for centralized platforms, brokers, dealers, and custodians that consumers use to buy, sell, and hold digital assets, covering matters such as registration, regulation, disclosure, custody, asset segregation, market integrity, conflicts of interest, fraud prevention, and bankruptcy.
Following FTX’s collapse nearly four years ago, many consumers were unable to confirm where their assets were held, whether they were segregated from the platform’s funds, or how their assets would be handled in the event of the company’s failure. Regulators, bankruptcy courts, and law enforcement agencies subsequently addressed these issues.

11:12

Robinhood Launchpad Noxa Says It Can No Longer Control Its Original Domain Name

According to Svmuu, Robinhood Launchpad Noxa posted on X stating that after its domain was delisted, the registrar appears to have resold or taken over the domain; the exact circumstances remain unclear. Currently, the team no longer has control over the original domain, and the only accessible interface is the one hosted on ENS.

11:10

A cryptocurrency investor in South Dakota faces 29 charges in connection with an alleged $20 million fraud

Svmuu News: U.S. prosecutors have revealed that a federal grand jury has filed 29 criminal charges against Benjamin Paul Wiener, a cryptocurrency investor from Sioux Falls, South Dakota. The charges include wire fraud, money laundering, bank fraud, and aggravated identity theft, involving approximately $20 million.
According to the indictment, Wiener, 43, is accused of inducing investors to invest funds and digital assets in multiple companies under his control through false representations. Victims span South Dakota and Minnesota, involving dozens of investors. Prosecutors allege that after obtaining the funds, Wiener transferred assets through banks and cryptocurrency exchanges to conceal the source, ownership, and control of the funds, and used a portion of the funds for personal expenses.
Prosecutors also allege that when cash flow became tight or investors demanded redemptions, Wiener would continue to recruit new investors and use the subsequent funds to repay earlier investors, operating in a manner suspected of being a Ponzi scheme. It is reported that he used eight companies, including several LLCs, to carry out these activities.
In addition, Wiener is charged with forging documents and communication records in April 2025 and using another person’s identity to fraudulently obtain a $1 million line of credit from a financial institution in Sioux Falls.
Wiener appeared in court on July 10 and pleaded not guilty to all charges. He was released after posting bail, and the case is scheduled to go to trial on September 15. Under U.S. law, telecommunications fraud and money laundering carry a maximum sentence of 20 years in prison, bank fraud carries a maximum sentence of 30 years, and aggravated identity theft carries a mandatory minimum sentence of at least two years to be served consecutively. The U.S. Internal Revenue Service Criminal Investigation Division (IRS-CI) and the Federal Bureau of Investigation (FBI) are jointly investigating the case. (The Block)

11:06

Quote Trade Completes $4 Million Funding Round

Svmuu News: Quote Trade has announced the completion of a $4 million funding round. The funds will be used to expand support for more blockchain and digital assets, strengthen liquidity partnerships, hire engineering and trading staff, and continue developing infrastructure that enables AI-powered autonomous trading agents to work in tandem with human traders.

11:06

OpenAI Board Chair: No Updates on IPO Plans at This Time

Svmuu News: OpenAI Chairman Bret Taylor said in an interview with CNBC that the company currently has no updates regarding its initial public offering (IPO) plans. The interview focused on OpenAI’s newly launched AI agent tool and covered topics such as the outlook for corporate AI spending, the lawsuit involving Apple, and trends in the AI industry.
As OpenAI’s valuation continues to rise and competition in the AI industry intensifies, the market has remained highly focused on its IPO timeline. However, Taylor’s remarks suggest that OpenAI has no plans to announce new IPO arrangements in the near term.

11:04

Serenity: Micron Technology Signs Long-Term Memory Agreement with Qualcomm; AI Storage Stocks’ Decline May Be Largely Due to Deleveraging Pressure

Svmuu News: Serenity, known as the “White-Haired Stock Guru,” posted that Micron ($MU) announced today that it had signed a long-term memory supply agreement with Qualcomm ($QCOM), but the market reaction was somewhat unexpected, with Micron’s stock price subsequently falling 5.37%.
Serenity believes that, against the backdrop of the AI industry chain continuing to sign long-term supply agreements to lock in future demand, there are currently no obvious signs of deteriorating fundamentals for memory and AI-related stocks.
He noted that the recent sector correction is more likely the result of market deleveraging and a chain reaction triggered by margin pressures, rather than a reversal in AI demand or trends in the memory industry.
Serenity pointed out that as AI infrastructure development continues to advance, both upstream and downstream players in the industry chain are strengthening supply guarantees through long-term agreements; short-term market fluctuations may reflect liquidity conditions and valuation adjustments rather than changes in the long-term growth narrative.

11:03

Serenity: Sivers Can Generate Hundreds of Millions of Dollars in Gross Profit with Just a Small Allocation of Production Capacity; Increased CPO Output May Further Unlock Growth Potential

Svmuu News: Serenity, known as the “White-Haired Stock Guru,” published an analysis stating that if Sivers secures approximately 10% of the wafer production capacity from contract manufacturer Win Semi through an asset-light model,assuming a 65% yield rate and an ASP of $50 to $75, annual revenue from its optical array products could reach $341 million to $512 million.Based on management’s target gross margin of 50% to over 60%, this would correspond to annual gross profit of approximately $205 million to $307 million.
Based on Sivers’ current market capitalization of approximately $1.1 billion, the price-to-gross-profit multiple under the above scenario is only about 3.6 to 5.4 times;If production capacity allocation increases to 15%, annual gross profit is expected to rise to $307 million to $461 million, further lowering the corresponding valuation multiple to 2.4 to 3.6 times.
Serenity notes that Sivers’ CEO has previously confirmed the company is collaborating with more foundries to expand production capacity, and since 2024, the scope of the company’s supply chain certifications has also been continuously expanding. As the co-packaged optics (CPO) market accelerates, future revenue guidance and production capacity plans may be further revised upward.
On the demand side, continuous-wave (CW) laser supply remains tight. Lumentum’s earnings report indicates that the company has begun sourcing CW lasers from the open market to fulfill EML orders; TrendForce data shows that AMD is securing relevant production capacity through long-term agreements.Serenity believes that as Sivers advances mass production with partners such as GlobalFoundries, Jabil, Ayar Labs, POET, and O-Net, any new, certified independent production capacity is likely to be rapidly absorbed by the market.
Furthermore, a recent Morgan Stanley report has listed Sivers—with a market capitalization of approximately $1.1 billion—as one of the three core players in the CPO laser sector, alongside Coherent and Lumentum, both of which have market capitalizations exceeding $55 billion.Serenity believes that, in addition to its existing business, Sivers may expand its total addressable market (TAM) through mergers and acquisitions following its IPO on theNasdaq, replicating Lumentum’s growth path of acquiring Cloud Light to enter the full optical module and optical engine markets.

10:59

Ethereum Foundation researcher Francesco D’Amato has left to join Ethlabs

Svmuu News Ethereum Francesco D’Amato (fradamt), a researcher at the Foundation, has announced his departure from EF to join Ethlabs, a newly established protocol R&D organization. D’Amato spent five years at EF, where he contributed to several core research areas, including MEV, consensus mechanisms, data availability sampling (DAS), and execution layer pricing.

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