AI / Large Models

Kimi K2.7 Code officially launched on GitHub Copilot

This is the first Chinese AI model to enter Microsoft's official code assistant, competing alongside GPT-4o and Claude. GitHub

Hot Topics: Developer community debating whether Chinese models can stand firm in international mainstream toolchains

Claude Code reportedly deletes entire projects recursively

A Reddit user, while using Chinese prompts, caused Claude to misjudge and delete all files; a complete video and logs have been released, raising concerns about the safety of code assistants in multilingual scenarios. Reddit Video

Hot Topics: AMD's AI director and other industry insiders publicly criticize the recent version of Claude for "becoming dumber and lazier"

Anthropic resumes global service for Claude Fable 5

Limited time opening of 50% weekly quota, followed by separate billing after 7 days, suspected to alleviate user trust crisis caused by previous data deletion events. Zhihu Discussion

Robinhood Chain integrates Virtuals AI agent infrastructure on its first day

Users can issue, hold, and trade tokenized AI agents on-chain, marking the first deep integration of traditional brokerage with the AI Agent economy. Twitter

Crypto / Web3

Binance announces Gram (GRAM) launch across multiple product lines

Covers finance, Buy Crypto, leverage, and contracts; this is the first time the Telegram ecosystem token has received full product support from a top exchange. TreeOfAlpha

Ethena completes partnerships with BlackRock, Robinhood, and Coinbase in June

USDe connected to manage BlackRock's $25 trillion Aladdin system, serving as main collateral for Robinhood's crypto finance, and Coinbase's treasury increased to $200 million in two weeks. Twitter

> Hot Comments: Stablecoins finally transition from DeFi toys to Wall Street infrastructure accessories

Grayscale launches Hyperliquid staking ETF ($HYPG)

Hyper Holdings Global partners with Multicoin and others for strategic investment; this is the first decentralized derivatives protocol to obtain institutional funding through traditional ETFs. Twitter

Uniswap officially launches on Robinhood Chain

The traditional brokerage chain built in leading DEX from day one, marking the beginning of the native integration of DeFi and TradFi infrastructure. Uniswap Blog

Trump family's American Bitcoin stock plummets 8.4%, forced to reverse stock split to stay afloat

The company had previously seen its market value shrink due to falling cryptocurrency prices, now needing a stock split to avoid delisting. Cointelegraph

Chips / Hardware

Meta announces sale of remaining AI computing power, causing global chip stocks to plummet

The Philadelphia semiconductor index fell over 5%, with Micron down 10.5%, AMD down 6.8%, Nvidia down 2.6%, and Korea's KOSPI index fell 8%, with SK Hynix down 14%; the market fears this marks a turning point for overcapacity. Zhihu Discussion | Wall Street News

Hot Topics: Wall Street analysts urgently clarify that "this does not equal overcapacity, nor is it an industry turning point," but investors are already voting with their feet

> Hot Comments: For the first time in the AI arms race, someone has openly said, "I bought too much," like the first person at a party to admit they've drunk too much

A-shares chip sector suffered a sharp decline

The ChiNext index dropped 3.47% in half a day, and the Sci-Tech 50 fell over 4%, with CPO and storage chips leading the decline, while precious metals sector went against the trend and hit the limit up. Wall Street News

Qualcomm releases Qualcomm Linux 2.0

Significantly improves ARM architecture Linux support, attempting to challenge Intel/AMD in the desktop and server markets. Qualcomm Blog

Tech Companies

Microsoft's total layoffs approach 20,000 this year, with another 5,000 layoffs this summer

This is one of the largest layoffs in Microsoft's history, mainly concentrated in cloud and AI departments. Zhihu Discussion

Xiaomi officially launches the "Xiaomi Rumor Refutation" channel

Responding to market rumors and supply chain leaks, Lu Weibing also stated, "Out of control costs have swept through the smartphone market, with low-end models being the most severely affected." Zhihu Discussion | Zhihu Discussion

Google loses final appeal against EU's $4.7 billion antitrust fine

The European court upheld the penalty for bundling Google services with the Android system; this is one of the largest single fines imposed by the EU on American tech giants. CNBC

F-Droid warns: New type of Android malware found in Google Play Store

Security researchers claim this is "malware from Google," raising questions in the open-source community about the app store's review process. F-Droid

Hot Topics: Developers are debating whether Google can prevent system-level malware on its own platform

Cloudflare launches Monetization Gateway, charging for any resource via HTTP 402 status code

This is the first time internet infrastructure has natively supported micropayments, theoretically allowing any API, file, or webpage to charge per use. Cloudflare Blog

Musk releases a group photo of the Optimus production line, Fremont factory may be ready

The photo shows dozens of humanoid robots and production line equipment, suggesting Tesla robots are about to be mass-produced. Cailian Press

US Stocks

Nasdaq falls 0.66%, chip stocks drag down tech stocks

Micron down 10.5%, SanDisk down 10.6%, AMD down 6.8%; Meta rises 8.8% due to "selling computing power" news; Chinese concept Golden Dragon Index rises 2.9%. 6551 Data

Finance / Macroeconomics

US June ADP new jobs fall to 98,000, far below expectations

"Mini Non-farm" data shows the labor market is cooling, providing new variables for the Federal Reserve's decision; tonight's non-farm data will be key. Wall Street News | Cailian Press

Fed's Waller: Inflation cools in recent four weeks, AI is reshaping the economy

He stated that forward guidance is no longer necessary, indicating that the central bank will rely more on real-time data rather than long-term commitments. Wall Street News

Brent crude oil drops to $70.47, a new low since February 27

Market reports that the US daily oil passing through the Strait of Hormuz is 10 million barrels, weakening Iran's oil leverage. 6551 Data

Avalanche Treasury stock price plummets 73% since IPO

The primary reason is the depreciation of the AVAX tokens held by the company, as the crypto MicroStrategy model faces its first market test. The Block

Today's Dark Line

Meta's sale of computing power has crashed global chip stocks. On the same day, Kimi entered GitHub Copilot, Ethena connected to BlackRock's system, and Grayscale launched the Hyperliquid ETF; AI infrastructure is shifting from frenzy to rationality, while the crypto industry is quietly completing pipeline integration with traditional finance. When hardware overcapacity meets application layer integration, the main focus of the second half is no longer who bought more GPUs, but who first turns AI and on-chain assets into products that Wall Street can understand.