On July 7th, Singapore responded to the Section 301 investigation by the Office of the United States Trade Representative, denying any unreasonable or discriminatory behavior and stating that there is no evidence to suggest that Singapore is involved in the supply chain of export goods related to forced labor. Currently, Singapore is in communication with the Office of the United States Trade Representative regarding the investigation results and proposed actions.

NEAR Protocol stated that the Dynamic Reshardening feature was launched on the testing network during the 2.13 upgrade last week. Test network shards automatically split when they reach the state size threshold, and can be expanded without manual intervention or coordinated upgrades. This upgrade includes upgrading the signature scheme to a post quantum secure version.

According to Farside Investors monitoring, the net inflow of US Bitcoin spot ETF was $265.7 million yesterday, IBIT net inflow was $209.4 million, Ethereum ETF net inflow was $20.7 million, and ETHA net inflow was $23.3 million.

According to the Omdia report, the estimated size of China's semiconductor market in 2026 is expected to reach $812.08 billion, with a year-on-year growth rate revised up to 92.9%, an increase of $265.6 billion from the previously predicted $546.5 billion. According to Omdia data, the Chinese semiconductor storage market is expected to grow by 262.9% in 2026, reaching $449.6 billion.

According to a report released by China Merchants Securities International, Tencent has released the Hybrid Hy3 model, which reduces computing power costs through the activation of the 21 billion parameter. The API input price has dropped to 1 yuan, and WorkBuddy data shows that token consumption is 47% to 49% lower than GLM-5.2. China Merchants Securities International maintains Tencent's overweight rating and a target price of HKD 632.