The onshore RMB/USD closed at 6.9742

According to Reuters, Crusoe Energy Systems is in talks for a $3 billion financing, with a potential valuation of $30 billion. Crusoe Energy Systems was founded in 2018 and currently provides computing power support for generative AI, signing computing power supply contracts with Meta and Oracle. Crusoe Energy Systems completed a $1.38 billion financing last year, with a valuation of over $1 billion. The transaction is still ongoing at present.

Bitway will launch its fourth quarter Booster event from 08:00 on July 5, 2026 to 07:59 on August 19, 2026 (UTC+8). Users can earn $200000 Boost APR rewards by depositing at least 100 U into Bitway U vault through Binance Wallet DeFi. Users holding third quarter positions are also eligible to participate. （Binance Wallet）

The U.K. FCA's crypto framework has been praised for prioritizing global liquidity and institutional adoption, but the authorization process is expected to be daunting.

Tether CEO Paolo Ardoino stated that the AI industry is expanding its user base by subsidizing computing power and relying on high capital expenditures to drive infrastructure expansion. Assets depreciate rapidly within 3 to 5 years, resulting in a mismatch between token prices and real value, profit cycles and capital investment cycles, capital costs and debt maturity periods, as well as a trend of open-source AI eroding revenue space. Industry risks are accumulating.

According to the Nice Morning Post, police in the Var department of France have cracked a cryptocurrency fraud case involving 1.5 million euros and arrested a mother and son involved in the case. The two individuals carried out Rip Deal fraud, luring a local couple from Ramatuelle to Milan and demanding that the other party pay a transaction guarantee fee of 1.5 million euros in cryptocurrency. The suspect stole the victim's encrypted account information and private key through a concealed camera, and transferred all encrypted assets. The police arrested the mother and son in Kavalair and seized a property worth 1.9 million euros under the suspect's name. Two suspects will face multiple criminal charges related to organized group fraud during their trial on September 1st.