According to the Russian Sputnik News Agency, Vice President Vance of the United States said that Washington opposes Ukraine's launch of a new offensive and advocates that Ukraine adopt defensive tactics. The Trump government tends to believe that Ukraine should maximize its defense during negotiations.

Due to strong demand for AI and data centers, Jibang Consulting has raised its expectations for the increase in the contract price of Conventional DRAM in the first quarter of 2026 from 55-60% to 90-95%, and for NAND Flash from 33-38% to 55-60%.

According to DefiLlama data, Gate's net inflow of funds in the past 30 days exceeded 231.44 million US dollars, ranking first among global centralized exchanges.

BBX News: Yesterday, the US CLARITY Act missed the White House signing target set by the Trump administration, with a probability of passing dropping to 42 to 50%. The three major unresolved controversies blocked the crucial legislative window for the last three weeks; On July 1st, the EU MiCA officially entered the comprehensive enforcement stage, and the transition period ended. About 244 licensed institutions (accounting for about 20% of the original registered institutions) can continue to operate EU businesses in compliance, while the remaining about 1000 institutions face pressure to exit the market. Coinbase holds MiCA authorization through its Irish subsidiary and also holds the US CFTC DCM license; Standard Chartered Bank has been awarded a cross-border MiCA passport by ESMA. Both companies have completed their EU regulatory compliance layout in the context of legislative uncertainty in the United States. Core points: ——Coinbase Global (Nasdaq: $COIN): CLARITY Act missed its target of signing on July 4th, with a probability of passing dropping to 42 to 50% (Polymarket data); The three major unresolved disputes directly involve COIN's core interests: stablecoin revenue clause (over $200 million USD revenue sharing annually), Section 604 developer protection (Base L2 legal status), and Trump ethics disclosure (blocking 7 Democratic votes); Congress will resume on July 13th, with a window of approximately three weeks before August; MiCA buffer: The Irish subsidiary holds MiCA authorization and can operate compliantly throughout the European Union; Simultaneously holding the only CFTC DCM license in the United States, providing a bilateral regulatory moat for the "Everything Exchange" strategy. ——Standard Chartered Bank (LON: $STAN): Obtained a MiCA passport from ESMA before the comprehensive enforcement of MiCA on July 1st, achieving a single authorization for encrypted asset services across 27 EU countries; The comprehensive enforcement of MiCA has made it impossible for about 800 unlicensed institutions to continue serving EU customers, and the concentration effect of licensed institutions' market share is significant; Standard Chartered has previously operated encrypted custody and transactions in multiple EU countries, and the MiCA passport eliminates cross-border compliance frictions; Earlier this year, Kendrick, head of digital asset research at Standard Chartered, declared a "crypto spring" for Bitcoin, maintaining a target of $100000 by the end of the year. Source: bbx.com

[Morgan Stanley Lowers CPO Forecast, 2026 Shipments Only 23,000 Units] According to TrendForce Research, Morgan Stanley's report indicates that the market's expectations for CPO growth are overly optimistic, projecting shipments of only 23,000 units in 2026, far below the market's expectation of over 200,000 units. The core bottleneck lies in TSMC's PIC production capacity ramp-up and yield challenges. This expectation gap impacts companies like NVIDIA, Broadcom, and TSMC. Morgan Stanley has lowered its forecast for TSMC's CoWoS production capacity and estimates that optical companies such as Lumentum and Coherent will contribute less than 1% to CPO in 2026-2027. Tianfu Communication, SMIC, and Innolight are absent from key segments of the CPO supply chain. Morgan Stanley advises investors to remain cautious until Q2 2027.