BlockBeatNews

According to Predict.fun data, in the prediction of LeBron James' next team, the Warriors have an implied probability of about 42%, ranking first, the Cavaliers about 36% in second, and the Heat about 12% in third. James has confirmed he will no longer play for the Lakers, and his next destination is undecided. The outside world generally considers the Warriors and his hometown Cavaliers as hot candidates. Market prices only reflect expectations and do not equal outcomes.

BlockBeats reports that FBI Director Kash Patel failed to disclose his investment in MicroStrategy as required. He bought MSTR stock last November and only filed the disclosure on May 26 of this year, exceeding the 45-day deadline, citing a communication error. The STOCK Act requires senior officials to disclose stock transactions of $1,000 or more within 45 days, and this incident has raised regulatory concerns. The Department of Justice stated there was no conflict of interest, but critics questioned the credibility of the disclosure and called for a ban on federal officials trading individual stocks. Since the purchase, MSTR's stock price has fallen by about half, yet it remains a target for institutional Bitcoin investment.

BlockBeats reported on July 2nd that the Taiko network cross-chain bridge has been fixed, assets can now be bidirectionally transferred between Taiko and external networks, Step 4 has been completed, the network is fully restored, asset status is consistent, and there are currently no additional restrictions. At the same time, users are reminded to stay vigilant: there will be no unsolicited direct messages, no airdrop or claim websites, please refer to official account information, and a full incident review will be released later.

Nomura Research Institute economist Kiuchi stated that if Japanese Prime Minister Sanae Takaichi uses her "basic policy" economic blueprint to prevent further interest rate hikes, it could delay the timing of the central bank's next move. He also pointed out that government opposition does not necessarily prevent rate hikes, and the central bank will still raise rates when necessary, but may respect the government's wishes to a certain extent. Government pressure against rate hikes could further weaken the yen, lower bond prices, and harm Japan's economic and financial market stability.

BlockBeats reported that Marc Zeller, founder of Aave-Chan Initiative (ACI) and contributor to Aave ecosystem governance, said on social media that when leaving Chaos Labs, he had sold off all AAVE, leaving only a very small "dust-level" balance. Earlier, he announced that ACI had ceased operations, and the community asked whether he still held AAVE. He responded that he had completed the sell-off at the time of resignation.

In early July, Meta's stock surge became a stress test for AI hardware. The market has shifted from optimism about unlimited computing power expansion to stronger financial discipline and free cash flow, reducing the certainty of cloud providers' capital expenditure upgrades, thereby pressuring hardware, storage, and momentum stocks that rely on the logic of computing power shortages. Capital flows back into large-cap platform stocks, raising liquidity risks. The key lies in distinguishing platform companies that can stably monetize computing power investments from hardware suppliers that have already been overpriced.

> TL;DR
> · 10x Research says Bitcoin is moving along its A-B-C path from the $82k rebound high toward the $50k cycle low.
> · This path corresponds to a Wave A low of $63k, a Wave B rebound to $82k, and the currently possible unfolding Wave C decline.
> · Spot prices are still around $60k, with $55k and $50k not yet reached, and specific catalysts and buy signals remain undisclosed.
>

In its latest article on July 1, 10x Research stated that Bitcoin is advancing along its Elliott Wave path toward the $50k cycle low, while spot prices have already returned to around $60k. For traders, this is not a signal of a "confirmed bottom."

Hyperliquid's total 24h volume reached approximately $9.1 billion, with the Builder channel contributing $776 million, accounting for 8.4%. Phantom contributed $138 million in 24h, representing 17.5% of Builder; Invo ranked second with $65.92 million, while Rabby and Insilico contributed 8.2% and 8.0% respectively, with long-tail Builders totaling $264 million. In the past 7 days, Builder fees were approximately $1.4 million, with Phantom generating the highest revenue, Invo leading in user count with a growth rate of about 35.2%, and Phantom declining by about 5.3%.

Pakistan and Qatar held talks with US-Iran negotiating representatives in Doha, achieving positive progress on issues related to the implementation of the US-Iran Memorandum of Understanding. All parties agreed to continue negotiations in the future and to determine the next round of talks as soon as possible. It is expected that the next round of talks will be held as soon as possible after the funeral ceremony of Khamenei.

GPS team releases "Ethereum Basics for Governments and Institutions" guide to help policymakers understand Ethereum's operation, governance, and differences from other blockchains. The guide states that decentralized chains can reduce centralization risks, and not all chains have credibly neutral properties. Ethereum has been live since 2015, with approximately $76 billion in staked ETH providing economic security, and through its diverse clients, governance, and ecosystem, it possesses the resilience and potential to serve as public infrastructure. Applications built on Ethereum do not increase the centralization risk of any single institution, nor can they modify network rules, restrict access, or halt operation.

BlockBeats reports that SBI Crypto will shut down its Bitcoin mining pool service on July 31. Founder Mark Artymko thanked the pool for its long-term stable service and noted that miners will need to migrate. He invited SBI miners to move to the OCEAN pool, highlighting fast access and DATUM's autonomous block template construction for non-custodial payout distribution. He also stated that in 2025, OCEAN miners' earnings will be approximately 3.6% higher than the highest levels of FPPS pools.

BlockBeats News, July 2—In a recent semiconductor deep-dive report, Nomura said that cloud vendors will still find it difficult to stop expanding in 2027. AI model iterations, rising inference demand, the expansion of data center construction plans, and tight supplies of storage and advanced packaging will all keep cloud vendors locking in chip, packaging, substrate, storage, and server resources.

Nomura’s logic is that AI capital expenditure is not a short-term choice for a single company, but rather competitive pressure among major cloud platforms. As long as companies like Microsoft, Google, Amazon, and Meta are still competing for AI models, enterprise customers, and inference traffic, it will be difficult for them to proactively slow down infrastructure buildouts. Even if costs increase, stopping could mean losing their competitive position on the platform.

The report specifically notes that although TSMC is expanding its CoWoS advanced packaging capacity, the supply of small substrates…

Trump responded to his 2025 financial disclosure by stating that his personal assets are managed by large external institutions, that he does not communicate with fund managers, nor does he participate in investment decisions, and that his wealth growth mainly comes from the stock market. The disclosure shows that his 2025 income was at least $2.24 billion, a significant increase from 2024, of which approximately $1.2 billion came from crypto-related businesses, including revenues from World Liberty Financial and TRUMP Meme (CIC Digital).

BlockBeats news, July 2, the British Financial Times reported that OpenAI proposed to provide 5% equity to the Trump administration.

NVIDIA has launched the AI Compute Partner Program, providing compute-capacity backing for startup cloud providers such as Firmus and Sharon AI: if GPUs sit idle and cannot be rented out, NVIDIA will fund a leaseback; the return will be a share of cloud service revenue or stock subscription rights. This move provides financing endorsement for cloud firms with lower credit ratings, reducing dependence on large customers. Previously, NVIDIA had already provided a $6.3 billion backing for CoreWeave, and is now in talks to provide similar guarantees for OpenAI data centers.

BlockBeats News, July 2, according to Farside Investors data, as of July 1, the total net outflow of U.S. Bitcoin spot ETFs was $296 million. Among them, BlackRock's IBIT had a net outflow of $219.4 million, Fidelity's FBTC had a net outflow of $51 million, ARKB had a net outflow of $39.9 million, and Grayscale's GBTC had a net outflow of $62.8 million; Bitwise BTCO, Franklin EZBC, VanEck HODL, MSBT, and Grayscale BTC had net inflows of $5.4 million, $3.5 million, $2.1 million, $29.8 million, and $36.3 million, respectively.


During the same period, the total net inflow of U.S. Ethereum spot ETFs was $14.8 million. Among them,