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6/30
12:32
Svmuu News: Pump.fun announced on X that it will discontinue support for the Tokenized Agent (tokenized AI Agent) issuance feature, but existing tokens that had this feature enabled at the time of issuance will not be affected. Pump.fun stated that it will shift its focus in the future to issuance models “capable of significantly enhancing the retail trading experience,” with the aim of optimizing the overall user interaction and trading process during the token launch phase. This adjustment may signal that Pump.fun is moving toward a more refined approach to meme coin launch mechanisms, shifting toward products that emphasize usability and the trading experience rather than expanding the scope of existing features.
12:15
Svmuu News: AI chip startup Etched has raised approximately $800 million,with investors including quantitative trading giant Jane Street and a venture capital firm affiliated with Taiwan Semiconductor Manufacturing Company (TSMC). The company is currently testing its AI inference chips and plans to begin shipping to select customers this summer. It has also signed sales contracts totaling approximately $1 billion, though specific customers have not been disclosed.
Founded in 2022, the company positions itself as a potential competitor to NVIDIA in the AI computing chip sector. It focuses on designing custom chip architectures for large-model inference scenarios and has partnered with theTSMCto develop “low-voltage inference” technology to reduce power consumption and thermal stress.
Details of this funding round, which previously revealed a valuation of approximately $500 million, were disclosed earlier. Participants included Stripes, funds affiliated with Peter Thiel, and several quantitative investment firms. Jane Street is reported to have invested more than $100 million to date and has made additional investments in subsequent rounds. (Bloomberg)
12:07
Svmuu News: Zach Pandl, Head of Research at Grayscale, reported that the Solana blockchain has become the core settlement layer for a diverse ecosystem of decentralized applications, currently hosting over 1,000 independent applications spanning multiple sectors, including DeFi, social trading, and decentralized infrastructure. Year-to-date, the Solana network has processed an average of over 100 million transactions per day—equivalent to more than 1,200 transactions per second—with an average of approximately 4.3 million active addresses daily and total transaction fees reaching approximately $100 million.
In terms of ecosystem applications, the decentralized exchange Raydium plays a pivotal role in Solana’s DeFi ecosystem, driving cumulative on-chain DEX trading volume to over $360 billion this year—the highest among all public blockchains. In addition, Pump.fun—a social app for memecoin issuance—has been highly active, with approximately 1.3 million monthly active users and average daily revenue of about $690,000, making it one of the key drivers of traffic and transactions on Solana.
On the infrastructure front, the decentralized physical infrastructure project Geodnet is building a high-precision positioning network to provide centimeter-level positioning capabilities for AI systems such as autonomous vehicles, drones, and robots, and is regarded as a key player in the DePIN sector.
Grayscale notes that the Solana ecosystem has established a growth structure driven by significant on-chain activity and applications, and SOL assets provide investors with direct exposure to the network’s continued expansion.
11:52
Svmuu News: The Dutch Public Prosecutor’s Office has requested that a Rotterdam court declare the crypto platform Knaken Cryptohandel and its affiliated entity, Stichting Knaken Payments, bankrupt, citing “the public interest” as the reason. Knaken has been offline since early June, leaving approximately 30,000 customers unable to access their funds.
Knaken previously allowed users to exchange euros for cryptocurrencies such as Bitcoin and Ethereum, and provided services for trading and storing digital assets. Under EU crypto regulations, such activities require a license from the Dutch financial regulator, the AFM, but Knaken did not hold the necessary license. A separate criminal investigation initiated by the Fiscal Information and Investigation Service is currently underway; investigators raided relevant premises on Monday, seizing laptops, cell phones, and company assets. No arrests have been made so far. (Decrypt)
11:47
Svmuu News: According to Onchain Lens, Riot Platforms deposited 500 BTC into NYDIG Custody, likely for sale, with a value of $29.48 million.
11:31
Svmuu News: According to The Wall Street Journal, officials familiar with the negotiations say that internal power struggles in Iran are threatening U.S.-Iran peace talks: civilian leaders are seeking to unfreeze billions of dollars in assets, while hardline military officials are striving to gain control of the Strait of Hormuz. (Jin Shi)
11:11
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11:08
Svmuu News: U.S. courts have issued four rulings so far today, two of which favored the Donald Trump camp and two of which went against the Donald Trump camp.
1. The U.S. Supreme Court, by a narrow majority, upheld state laws prohibiting transgender girls and women from representing their schools in girls’ sports, siding with conservatives and President Donald Trump on this controversial culture war issue. Donald Trump called it a “major victory” on social media.
2. The U.S. Supreme Court overturned long-standing federal restrictions on coordinated spending by political parties and candidates, a ruling that is likely to benefit the Republican Party in the November midterm elections. Donald Trump called it “a major victory for the Republican Party” on social media.
3. A U.S. district judge in Rhode Island struck down the Donald Trump administration’s changes to a widely used federal housing assistance program, ruling that the administration failed to consider the impact of the changes on families relying on that assistance. The ruling is a victory for more than a dozen states governed primarily by Democrats.
4. In a split-decision ruling, the U.S. Supreme Court rejected Donald Trump the president’s proposed restrictions on “birthright citizenship,” thereby overturning a central tenet of his immigration policy agenda. (Jin Shi)
11:06
Svmuu News Amazon Amazon Web Services (AWS) has announced the formation of a new “Forward-Deployed Engineers” (FDE) organization and will invest approximately $1 billion to accelerate the deployment and implementation of AI agents for enterprise customers.
According to reports, the new team will be directly embedded within client organizations to assist in building and deploying customized AI systems and to help enterprises achieve “self-improvement capabilities” during the usage process. The team will not only deliver solutions but also help clients acquire the ability to continuously develop AI applications.
The FDE model was first popularized by Palantir Technologies. Its core principle involves engineers working on-site with clients to collaboratively develop and deploy systems, enabling rapid responses to actual business needs and improving implementation efficiency. This model has been widely adopted in recent years amid the wave of AI deployments.Currently, OpenAI and Anthropic have also successively launched FDE-style collaboration mechanisms, partnering with private equity firms to establish programs valued at approximately $4 billion and $1.5 billion, respectively, to drive the expansion of enterprise-level AI applications.
Francesca Vasquez, Head of AWS AI, noted in an announcement that the organization will provide customers with agentic systems that can run directly within their AWS environments, while also delivering long-term, reusable engineering methods, workflows, and AI practices. The $1 billion investment will primarily come from internal resource allocation rather than standalone investment projects.Industry analysts believe that as enterprises accelerate their AI transformation, the FDE model is becoming a key strategy for AI infrastructure providers to compete for enterprise customers. (TechCrunch)
10:56
Svmuu News: OKX has launched a new beta version of its “OKX AI” platform, building a task and transaction marketplace for AI agents. This enables autonomous AI agents to collaborate with one another or complete tasks for humans, with rewards settled in stablecoins such as Tether (USDT) or USDG.
OKX stated that the platform represents its “largest AI initiative to date” and is essentially an “Upwork for AI agents,” operating on the financial infrastructure supported by its approximately 150 million users.
The system is divided into two main modules: the Agent Marketplace allows developers to publish AI agents, define services and pricing, and automatically receive revenue upon task completion; the Task Marketplace is used to post requests, with AI agents matching tasks and receiving payment upon delivery of results.
Regarding payment mechanisms, complex tasks are settled via escrow contracts, while standardized services use an on-demand payment model; both operate based on a unified agent identity system.
OKX emphasizes that its core innovation lies in a “shared identity and unified reputation system,” where each AI agent possesses a single identity that continuously accumulates reputation. Regardless of task complexity or payment method, all activities are recorded within the same reputation system, distinguishing it from existing decentralized AI work platforms.
10:53
Svmuu News Federal Reserve Hamak stated that he would not prejudge whether an interest rate hike is needed in July, and that he currently sees no tensions in the dual mandate. (Jin Shi)
10:53
Svmuu News Federal Reserve Hamak stated that the job market is nearing full employment and the outlook for growth is positive. Inflation remains too high, Federal Reserve and a rate hike may need to be considered. He will approach the Federal Reserve meeting with an open mind and will not prejudge the outcome. (Jin Shi)
10:51
Svmuu News: According to a recent report by investment bank Jefferies, although the U.S. “Clarity Act” has passed the Senate Banking Committee by a bipartisan vote of 15 to 9, the subsequent legislative process still faces significant resistance, and political uncertainty may exacerbate volatility in the crypto market in the coming weeks.The bill aims to clarify the boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding the regulation of digital assets and is viewed as a core legislative framework for the structure of the U.S. crypto market. Jefferies notes that if the bill passes smoothly, it will significantly boost institutional participation, while any delay would prolong regulatory uncertainty.
Currently, Polymarket data shows that the probability of the bill passing by the end of 2026 has dropped to 48%, a significant decline from 70% in mid-May, primarily due to controversies over ethics provisions, anti-money laundering reviews, and a tight Senate schedule.Analysts note that Congress has only about 20 legislative days remaining before its August recess, during which it must complete the reconciliation of the House and Senate versions, conduct procedural votes, and submit the bill to the president for signature. If progress is not made before the recess, the process could be delayed until next year or even further postponed due to changes in the election cycle.
Jefferies believes that if the bill is enacted, it will drive the expansion of businesses such as tokenized assets, custody, staking, lending, and crypto ETFs, and will benefit the development of markets like Bitcoin (BTC) and Ethereum (ETH); however, a delay could curb institutional investment in on-chain infrastructure and crypto-related IPOs.
Furthermore, the market expects that regulatory uncertainty will continue to affect the stock performance of crypto-related public companies such as Circle, Coinbase, and Bullish. Jefferies added that even as regulatory clarity gradually emerges, intensifying competition in the stablecoin space could remain a long-term source of pressure for companies like Circle. (CoinDesk)
10:48
Svmuu News: Jeremy Allaire, co-founder and CEO of Circle, posted a message that appears to be a response to the launch of Open USD. He stated that stablecoins are reshaping the infrastructure for the storage and circulation of money alongside the internet, making them one of the world’s largest potential market opportunities, and emphasized his long-term, unwavering optimism about this sector.
Circle The company will continue to expand the USDC ecosystem by connecting to more blockchain networks, enhancing cross-chain interoperability, and strengthening integration with the traditional financial system—including banks, payment companies, and capital market institutions—to further standardize stablecoin infrastructure,while welcoming continued innovation and competition within the industry. The company will focus on building a more robust stablecoin infrastructure while enhancing partners’ ecosystem engagement and economic incentive mechanisms, with the aim of advancing the development of a “stablecoin-native internet financial system.”
In related news, possibly influenced by reports of competition from Open USD, CRCL’s share price plummeted nearly 9% during intraday trading.
10:47
Svmuu News: Sovright (the nonprofit successor organization to Electric Coin Company responsible for Zcash research and development) has officially released a wallet recovery tool called “Argos,” designed to help early Zcash users recover funds that became “stuck” when the older version of ZEC Wallet Lite ceased maintenance in 2022.
Michelle Lai, Chair of Sovright’s Executive Board, stated that Argos can recover affected assets as long as users still possess the mnemonic phrases for their old wallets. However, since the issue only involves specific shielded addresses, the exact scale of the impact cannot be precisely quantified; it is estimated to be “substantial,” primarily affecting early, long-term holders. She described the issue as a long-standing “technical pitfall” within the community that, while inconspicuous, has been steadily eroding user trust.
Sovright currently consists of only three core members, all from the former Bootstrap ecosystem. The team is also testing a privacy-focused Zcash mining pool to reduce hashrate concentration and enhance the network’s decentralization. The organization’s predecessor underwent significant governance restructuring; employees from Electric Coin Company have collectively left to form a new entity, the Zcash Open Development Lab (ZODL), which has secured backing from firms such as Paradigm and a16z and is focused on developing Zcash-related products.
Sovright emphasized that it has no adversarial relationship with ZODL and stated that it will continue to focus on resolving “long-standing issues” within the Zcash ecosystem, including key pain points such as wallet usability and infrastructure stability. (The Block)
10:46
Svmuu News: According to an official announcement, Binance will launch BTCU perpetual contracts on July 1, 2026, at 09:00 (UTC), and ETHU perpetual contracts at 10:00 (UTC), both supporting up to 100x leverage.The settlement asset for these two U-denominated perpetual contracts is U. The minimum trade sizes are 0.0001 BTC and 0.001 ETH, respectively,with a minimum notional value of 5U. The funding rate cap is 0.375%/-0.375%, with settlements occurring every 8 hours, and multi-asset collateral is supported. Copy trading will be available within 24 hours of the contracts’ launch.
10:30
Svmuu News: Currently, three distinct shipping lanes have emerged in the Strait of Hormuz. The first lane is located in the northern part of the Strait of Hormuz and is controlled by Iran. The second lane runs through the central part of the strait; it was the standard international shipping route before the Strait of Hormuz was blocked; The third route is located in the southern part of the strait, passing through waters near Oman, and is coordinated by Oman, the United States, and the International Maritime Organization. The article notes that because the management of these multiple routes is handled by different entities, shipping operations in the Strait of Hormuz have become more complex. (CCTV International News)
10:23
Svmuu News: U.S. semiconductor upstream equipment stocks rose across the board, with ASML up 4.84%, LRCX up 4.53%, AMAT up 4.14%, and KLAC up 6.04%.
10:21
Svmuu News: According to Hyperbot data, Huang Licheng (known as “Big Brother Maji”)’s 25x leveraged long position in Ethereum was partially forced liquidated in the past hour. His current position stands at only 880 ETH, with an unrealized loss of $22,000.The liquidation price is currently reported at $1,543, with a return on investment of -39.85%.
10:20
Svmuu News: According to data from MSX.COM, SanDisk (SNDK.O) shares rose more than 5% after Bernstein raised its price target for the stock from $1,700 to $3,000.

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