Kwai's Keling AI is about to complete a round of independent financing of more than $3 billion, with a post investment valuation of $18 billion. Middle Eastern background funds plan to lead the investment, with potential investors such as Tencent, Alibaba, and Sequoia on the list. Ke Ling AI is expected to complete its restructuring and share reform in 2026, and submit its listing application in early 2027. The total revenue of Kwai in the first quarter of 2026 is 33.7 billion yuan, and the adjusted net profit is 3.37 billion yuan. In the face of the computing infrastructure expenditure of the industry giants from US $1000000000000 to US $2000000000000, Kwai will have an annual revenue of 142.8 billion yuan in 2025 and an estimated capital expenditure of 26 billion yuan in 2026. After Zhang Di, the former technical leader of Ke Ling, resigned and returned to Alibaba, he launched Happy Horse 1.0, which topped the Artificial Analysis chart on the double track and surpassed Ke Ling 3.0.

Europe’s MiCA regime is now up for review, known colloquially as “MiCA 2.0,” through a consultation that closes around September.

Truist Securities has raised SpaceX's target stock price from $261 to $295.

According to Bloomberg, Erebor Bank, founded by Palmer Luckey, is in talks with investors for a new round of financing with a target valuation of at least $8 billion. The bank's deposit size has increased from $1.1 billion to $4.05 billion in the past three months, with nearly 400 new customers and expected to achieve profitability within the year. Erebor focuses on serving enterprises in the fields of defense technology and cryptocurrency, and has obtained a national banking license from the US Monetary Authority. Its investors include Lux Capital, 8VC, Andreessen Horowitz, and Founders Fund.

[Hyperscale Data Increases Holdings by 67 Bitcoins, Total Holdings Reach 849] According to PRNewswire, Hyperscale Data increased its holdings by 67 Bitcoins between June 30 and July 1, 2026, bringing its total holdings to 849. The company plans to divest Ault Capital Group in the second quarter of 2027 to focus on its data center business.

[Garrett Jin: AI Computing Power Market Funds Are Shifting from Storage Chips to Core Cloud Providers] Garrett Jin analyzed that funds within the AI industry chain are being redistributed. Micron's stock price encountered resistance and retreated near $1,250, while SK Hynix and Samsung Electronics weakened. Over the past two months, foreign capital has withdrawn more than 100 trillion KRW from the South Korean stock market, with funds flowing toward core cloud computing giants such as Google, Microsoft, and Amazon. This migration logic aligns with the token optimization trend.

According to Hyperinsight monitoring, Hyperliquid trader Loracle increased its holdings of $2.26 million in ZEC long positions, with a total ZEC long position of $21.77 million and an average opening price of $362.28, resulting in a floating profit of $3.81 million. Loracle is an early contributor to Hyperliquid and founder of Hypurrfun, with a monthly profit of $16 million.

Gate officially stated that gStocks is a tokenized securities service that supports 1 USDT broken stock trading, 1:1 real stock reserve, and position pledge lending functions. More product details will be announced in the near future.

According to a report by Goldman Sachs, Federal Reserve Chairman Kevin Walsh stated at the European Central Bank's Sintra Forum that since the June Federal Open Market Committee (FOMC) meeting, inflation expectations and inflation risks have decreased, and artificial intelligence driven supply side expansion will have an impact on monetary policy. Goldman Sachs expects the Federal Reserve to maintain the federal funds rate unchanged in 2026.

Bitcoin and major cryptocurrencies rebounded on dovish Federal Reserve signals, with speculative tokens like Memecore’s M and Audiera’s BEAT leading gains.

According to Onchain Lens monitoring, the BlackRock ETF address deposited 4917 BTC worth approximately $301 million into Coinbase; BlackRock has cumulatively deposited 20359 BTC worth approximately $1.22 billion into Coinbase within 4 days.

The US SEC is investigating the insider trading case alleged by Susquehanna International Group, which involves unknown traders profiting $100 million through option trading before being regulated by Chinese regulators on Futu and Tiger Securities. In the lawsuit filed on June 29th, Susquehanna International Group stated that as the majority of the counterparties accused of insider trading, Susquehanna International Group suffered losses exceeding $70 million.

Binance has announced the addition of the ETHUSD1 perpetual contract to multiple services, including futures contracts, officially launching on 2026-07-03 at 17:00 (UTC+8). Notes: - The settlement asset for the ETHUSD1 contract is USD1, not the traditional USDT or USDC. Please be aware of the asset differences. - This contract supports up to 100x leverage, and Binance may adjust margin and leverage requirements at any time based on market risks. - Due to MiCA regulatory impacts, EEA users may face trading restrictions when using unauthorized stablecoins (such as USD1).

Binance Futures will launch the ETHUSD1 perpetual contract on July 3rd at 17:00 (UTC+8), which supports up to 100 times leverage. The contract is based on ETH as the underlying asset and settled in World Liberty Financial USD (USD1).

On July 2nd, the Hong Kong Monetary Authority released HKD 634 million in liquidity to banks through a discount window.

The Binance contract will be launched on July 4th at 01:00 (UTC+8) with the ETHUSD1 perpetual contract, which supports up to 100 times leverage.

PwC expects the IPO financing in Hong Kong to reach HKD 380 billion by 2026.

Binance will launch the ETHUSD1 perpetual contract on July 3, 2026 at 17:00 (UTC+8), with a maximum support of 100x leverage. The contract is based on ETH as the underlying asset, WorldLiberty Financial USD as the settlement asset, with a minimum change price of 0.01 USD, a minimum trading volume of 0.001 ETH, and a minimum nominal value of 5.1 USD. The upper limit of the fund rate is 0.375%/-0.375%, settled every eight hours. Within 24 hours after the contract is launched, it supports copy trading and is compatible with multi asset mode.

The Binance contract trading platform will launch the U-based ETHUSD1 perpetual contract on July 2nd.

According to on chain analyst Yu Jin's monitoring, a giant whale with a price of 0x50b... 9f20 shorted 54200 ETH, with an opening price of $1541.3 and a clearing price of $1674.4. At present, the price of ETH has risen to $1646.2, and the position is only $28 away from the clearing price.