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7/2

02:03

Goldman Sachs: Raises ASML's target price from 1,770 euros to 2,000 euros

Svmuu News Goldman Sachs: Raised ASML’s target price from 1,770 euros to 2,000 euros. (Jin Shi)

01:54

Hong Kong Securities and Futures Commission: Total Assets Under Management in Hong Kong Rise 20% Year-Over-Year to a Record High of 42.2 trillion Hong Kong dollars

Svmuu News: The Hong Kong Securities and Futures Commission (SFC) today released the “2025 Survey on Asset and Wealth Management Activities,” which shows that Hong Kong, as a leading global asset and wealth management hub, performed exceptionally well in 2025, with total assets under management rising 20% year-over-year to a record high of 42.2 trillion Hong Kong dollars (5.4 trillion U.S. dollars).
This record-breaking level of assets under management surpassed the previous high of 35.5 trillion Hong Kong dollars (4.6 trillion U.S. dollars) set in 2021, with part of the growth driven by net inflows, which surged 193% year-over-year to HK$2.1 trillion (US$265 billion), marking the third consecutive year of growth. Across major sectors, assets under management in the asset management and fund advisory business rose 19% year-over-year to HK$31 trillion (US$4 trillion), while assets under management in the private banking and private wealth management business surged 24% year-over-year to HK$12.9 trillion (US$1.7 trillion). (Hong Kong Securities and Futures Commission)

01:53

Nanshang Doubles Its Long Position in Samsung Electronics (07747.HK); Shares Plunge Over 25% in the Afternoon

Svmuu News: According to Gate data, the Hong Kong-listed Southern Twox Leveraged Long Samsung Electronics (07747.HK) fell more than 25% in the afternoon.

01:42

Taiko: Network services have been fully restored, and all user funds have been fully reimbursed.

Svmuu News Ethereum The Layer 2 project Taiko has reopened its cross-chain bridge. Taiko stated that the network has now fully recovered, all user funds have been restored, and a full post-mortem report on the vulnerability incident will be released shortly. (The Block)

01:42

France saw 77 crypto-related kidnapping and extortion cases in the first half of the year, a significant increase from the 45 cases reported for the entire year of 2025.

Svmuu News: French Interior Minister Laurent Nuñez confirmed that 77 crypto-related kidnapping and extortion cases occurred in France during the first half of 2026, a significant increase from the 45 cases reported for the entire year of 2025. Authorities have launched a rapid alert system, with 724 people registered, and these emergency measures have led to the arrest of 200 individuals. Nuñez pledged to roll out a three-part plan to strengthen security measures in the crypto industry, including enhancing intelligence sharing, deepening cooperation with ADAN, and strengthening coordination among security agencies.
CertiK stated that France has become a hub for attacks due to factors including the presence of several leading crypto companies and their executives in the country, a “culture of showing off and voluntary identity disclosure” within the community, and multiple incidents of sensitive data breaches. (Cointelegraph)

01:39

ESPORTS: The sharp drop on May 25 was caused by irregularities in the operations of a collaborating market maker

Svmuu News: Yooldo posted on X to issue an official statement regarding the sharp drop in the price of the ESPORTS token on May 25. This incident was not initiated, orchestrated, or intended by the ESPORTS team, which remains committed to building a healthy ecosystem and creating long-term value for the community.
Key findings of the investigation are as follows: The ESPORTS team had previously engaged external OTC and market-making partners to support liquidity and ecosystem development; the investigation revealed that one of these partners engaged in activities inconsistent with the team’s agreements; Based on current information, the team believes the large-scale sell-off originated from tokens previously provided to this partner; however, because the transactions passed through multiple wallets, counterparties, and exchanges, it is difficult to trace the complete flow of funds; The ESPORTS team did not implement, coordinate, or direct any market-selling activities intended to drive down the price. Upon discovering the issue, the team has been working with exchanges and relevant parties to investigate the incident and limit further damage; The team has begun implementing recovery measures, including liquidity support and the introduction of new long-term partners, but continues to face challenges posed by ongoing selling pressure from this market maker and market volatility.
Yooldo also stated that new game updates and additional buyback plans will be announced shortly, and advised all project founders to work exclusively with reputable and trustworthy market makers.

01:34

The Hong Kong stock market's chip sector continued to decline in the afternoon, with GigaDevice (03986.HK) falling more than 15%.

Svmuu News: According to Gate data, the Hong Kong chip sector continued to decline in the afternoon, with Biren Technology (06082.HK) falling more than 18%, GigaDevice (03986.HK) fell more than 15%, with SMIC (00981.HK), Innosilicon (02577.HK), and Jingmen Semiconductor (02878.HK) also following suit.

01:29

Svmuu Noon News

1. NVIDIA has launched a new partnership model for AI infrastructure, driving computing power development with AI cloud providers through a revenue-sharing mechanism;
2. U.S. June nonfarm payroll data will be released early today;
3. Lighter has been integrated into Robinhood Wallet, allowing users to trade perpetual contracts directly through the wallet;
4. Tether CEO: The EU’s MiCA regulations pose a significant risk to stablecoins; withdrawing the application is to protect users;
5. Donald Trump: Last year’s profits were solely due to rising stock markets, and funds are managed by professional institutions;
6. OpenAI has proposed offering a 5% equity stake to the government of Donald Trump;
7. South Korean exchanges are tightening rules for companies listed under technical exemptions; firms transitioning to crypto treasuries within five years of their IPO will face delisting reviews;
8. Bitwise’s Chief Investment Officer: Strategy’s role in the Bitcoin market has undergone a qualitative change;
9. Marc Zeller, founder of the Aave-Chan Initiative, disclosed that he has liquidated his entire AAVE position;
10. Kalshi’s nominal trading volume in June exceeded $32.6 billion, setting a new all-time high.

01:26

FBI Director Delayed Disclosure of Six-Figure Investment in Strategy Stock

Svmuu News: FBI Director Kash Patel failed to disclose for more than six months that he had purchased and held shares of Strategy, a company that owns Bitcoin, in an amount ranging from $100,001 to $250,000. Patel attributed the delay to an unspecified “communication error.”Government oversight agencies stated that the delay violated the STOCK Act and reiterated their call to ban federal officials from trading individual stocks. (CoinDesk)

01:17

Star, Founder of OKX: Trust Is the Cornerstone of Financial Markets; Rebuilding It Will Take Years

Svmuu News: OKX founder Star reposted a post in which Wei, the former CFO of Binance, discussed how the crypto market remains in a bear market, noting that trust is the foundation of every financial market, and once trust is damaged, rebuilding it takes years, not days.
Star said that the events of October 11 serve as yet another reminder to the industry that accountability, transparency, and sound risk management are crucial for protecting users and maintaining the industry’s long-term health.He believes that prioritizing a company’s short-term interests over users, governance, and market integrity will ultimately harm all participants, including the companies themselves, and stated that “the crypto industry deserves a better future.”

01:06

Marc Zeller, founder of the Aave-Chan Initiative, revealed that he has liquidated his AAVE holdings

Svmuu News: Marc Zeller, founder of the Aave-Chan Initiative (ACI), responded to a community member’s question about whether he still holds AAVE tokens or has sold them, stating that he had liquidated his entire AAVE position when he resigned from Chaos Labs (though he may still hold a “dust-level” amount of tokens).
In a previous announcement, Marc Zeller declared that ACI had ceased operations, bringing its more than three-year governance tenure to a close. During his tenure, the Aave protocol transformed from an annual deficit of approximately $35 million to annual revenue of about $150 million, The AAVE token appreciated approximately ninefold over the same period, and an active governance network comprising core contributors, service providers, and governance representatives was established. ACI has demonstrated that the DAO governance model can not only function effectively but also outperform competitors with greater resources. The organization will continue to advance new projects, with related announcements expected to be made soon.

00:57

Gate Named One of the Best MiCA-Licensed Trading Platforms for 2026, Continues to Strengthen Its Compliance Edge in Europe

Svmuu News: According to BeInCrypto’s latest rankings, Gate has been named one of the “Best MiCA-Licensed Crypto Platforms in 2026” and recognized as “Best for Access to a Large Cryptocurrency Selection.” The ranking noted that Gate offers a diversified digital asset ecosystem covering spot trading, futures, wealth management, and Web3 services, and provides European users with a more comprehensive digital asset trading experience through its extensive asset coverage and product suite.
With the official end of the transition period for the EU’s Market in Crypto-Assets Regulation (MiCA), the European digital asset market has fully entered an era of unified regulation. Gate Europe was among the first to obtain both the EU MiCA license and the Payment Institution (PI) license. These two critical regulatory qualifications provide a solid foundation for Gate Europe to conduct business within the European regulatory framework and further strengthen the platform’s capabilities in compliance, risk management, and long-term development. This recognition from a renowned industry media outlet further demonstrates the positive progress Gate has made in advancing compliance and continuously optimizing its products and services in Europe. Gate’s founder and CEO, Dr. Han, stated that the formal implementation of MiCA marks the official end of the era of “regulatory arbitrage” in the European crypto industry, and that market competition will increasingly focus on products, security, and user experience. His views were also republished by Cointelegraph, further highlighting the industry’s widespread attention to this new era of European regulation.
Currently, multiple entities under Gate have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai, thereby solidifying the foundation of its global operations through multi-regional regulatory licenses and registration qualifications. The platform continues to advance its global compliance strategy and refine its global compliance network to provide users with safer, more transparent, and more efficient digital asset services.

00:46

"The Big Short" director Burry Steps Up His Short Position on AI, Calling South Korea's Chip Investment "The Beginning of the End"

Svmuu News: “The Big Short” star Michael Burry has recently expanded his short positions in AI-related stocks. His latest disclosed short positions include Tesla, Caterpillar, Applied Materials, and an ETF that tracks chip manufacturers.
Burry has maintained his bearish view on the AI sector for several months, believing that asset prices will face a correction once the AI boom cools down.In a recent post on Substack, he noted that South Korea’s announcement of a large-scale chip investment plan has driven up chip stocks, but he believes this “is the beginning of the end” and questions whether the AI industry’s expanding capital expenditures will ultimately translate into commensurate returns. (The Wall Street Journal)

00:42

The Sui mainnet has completed its upgrade, enabling zero-gas transaction simulations and optimizing network stability

Svmuu News: Sui has announced that its mainnet has been upgraded to version V1.74.1, with the protocol simultaneously upgraded to version 128. Key highlights of this upgrade include: support for zero-gas stablecoin transfer transaction simulations, facilitating developers’ testing of related applications; the mainnet’s official adoption of a timestamp-based epoch termination mechanism, further optimizing network operational efficiency; a new static code checking feature for Move code has been added to help developers improve code quality; the validator node connection mechanism and node restart stability have also been optimized to reduce unexpected crashes. Additionally, this upgrade refines range proof verification, cryptographic operation performance, and protocol mechanisms related to Binary Pools, laying the groundwork for future feature expansion.

00:41

Pakistan Expects Next Round of U.S.-Iran Talks to Take Place After Khamenei's Funeral

Svmuu News: The Pakistani Ministry of Foreign Affairs issued a statement on July 2 stating that, as a mediator, Qatar held separate talks with U.S. and Iranian negotiators in Doha alongside Pakistan, and positive progress was made on issues related to the implementation of the U.S.-Iran Memorandum of Understanding. The statement noted that the parties engaged in in-depth discussions on several specific issues covered by the U.S.-Iran Memorandum of Understanding and made “positive progress” on relevant topics. It added that the parties have agreed to continue negotiations in the coming period and to set a date for the next round of talks as soon as possible. The Pakistani Foreign Ministry also stated that the next round of talks is expected to take place as soon as possible after the funeral ceremony for Iran’s former Supreme Leader Khamenei. (CCTV News)

00:37

BIRB briefly broke through $0.85, rising more than 50% intraday

Svmuu News: According to OKX market data, BIRB briefly surpassed $0.85 and is currently trading at $0.849, with a gain of over 50% so far today.

00:31

NVIDIA Launching a new partnership model for AI infrastructure to drive computing power development with AI cloud providers through a revenue-sharing mechanism

Svmuu News NVIDIA announced on July 1 (local time) the launch of a new AI infrastructure partnership model. Through revenue-sharing and credit support mechanisms, it will collaborate with AI cloud service providers to build large-scale, multi-tenant AI factories, helping startups, model developers,enterprises, and research institutions to access AI computing power more quickly, while generating sustainable revenue for NVIDIA tied to computing power usage. Under the plan, AI cloud providers will deploy AI factories based on the NVIDIA DSX AI Factory architecture to offer cloud computing services to the public. (Jin Shi)

00:17

Donald Trump: Last year’s profits were solely due to the stock market rally, and the funds are managed by professional institutions.

Svmuu News: U.S. President Donald Trump, responding to public skepticism that he was using his presidential office for personal gain, stated that his profits last year were solely due to a rise in the stock market, adding, “Everyone is making money.”
Donald TrumpHe stated that while he possesses substantial funds and cash, these assets are entrusted to professional institutions for investment management; he does not participate in managing the funds himself nor does he discuss investment decisions with the managing institutions. He also noted that he had amassed significant wealth before becoming president, adding that he “doesn’t know whether his career in politics or business has been more successful.” (CNBC)

00:14

The probability on Polymarket that “GPT-5.6 will be released to the public on July 7” has risen to 64%, up 26% over the past 24 hours.

According to PPP’s prediction market tracking, the probability on Polymarket that “GPT-5.6 will be released to the public on July 7” has risen to 64%, up 26% over the past 24 hours
The rules state that GPT-5.6 refers to a model explicitly named “GPT-5.6” or any model officially recognized as a direct successor to GPT-5.5 (such as GPT-5.7, GPT-5.8, etc.), all of which meet the settlement criteria. Task-specific models such as GPT-Codex and Transcribe, cost-optimized versions like Nano and Mini, and the o-series inference models are all included in this market; however, GPT-6 or other next-generation flagship models are excluded.
Additionally, eligible models must be publicly available, including through public beta versions or open waitlists; closed beta tests or models accessible only to private users do not meet the requirements. Final settlement will primarily be based on official OpenAI announcements and publicly available information on its website, verified in conjunction with mainstream media reports.
June 27: OpenAI has launched its next-generation GPT-5.6 series of models, currently available for limited preview to a select group of partners.
The Svmuu Seer channel continues to monitor prediction markets, spotting changes before prices are set.

00:13

OpenAI has proposed offering a 5% equity stake to the Donald Trump government

Svmuu News: OpenAI is in talks with the U.S. government regarding a plan to sell a 5% stake. The artificial intelligence startup, valued at $8520 billion, is seeking to clear political hurdles by securing financial support from the Donald Trump government.According to two people familiar with the matter, OpenAI CEO Sam Altman believes that allowing the public to hold shares in the company is the best way to share the benefits of AI, and he proposed a stake of this size during early discussions with the government. The proposed plan would involve other U.S. AI companies selling similar stakes, but it remains unclear whether other companies are willing to do so.Both OpenAI and its main rival, Anthropic, have recently delayed the release of their cutting-edge models due to scrutiny from the U.S. government, while some Republicans and advisers to Donald Trump are pushing for stricter regulation of the industry. (Financial Times)

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