New York gold futures fell below $4050 per ounce, with a intraday drop of 1.92%

According to a survey by Bank of America, global portfolio managers' bearish sentiment towards the Japanese yen has risen to its highest level since 2022 due to the impact of Japan's fiscal and monetary policy risks. According to a report by Bank of America strategists Ralf Preusser, Adarsh Sinha, and others on July 10th, 40% of surveyed traders are bearish on the yen due to Japan's fiscal and central bank policy risks, while 10% of respondents are bullish on the yen. According to data from the US Commodity Futures Trading Commission (CFTC), as of the end of June, speculative leveraged funds held the highest net short positions in the Japanese yen since 2007.

[Google Drives TPU Commercialization, Competing for NVIDIA's Core Customers] According to The Information, Google is launching a competitive offensive in the AI chip market against NVIDIA by expanding the commercialization of its self-developed TPUs, aiming to capture a share of the AI computing power market where NVIDIA holds a dominant position. Currently, Google is both a customer of NVIDIA's AI server chips and is also developing its own AI chip business to replace NVIDIA GPUs. Google plans to sell TPU chips to Neoclouds, a key customer group driving the demand for NVIDIA GPUs. By attracting Neoclouds to adopt TPUs, Google hopes to reduce AI enterprises' reliance on NVIDIA's GPU ecosystem.

SK Hynix stock is now online on bStocks, and users can trade 24/7 on Binance Wallet. （Binance Wallet）

Backpack CEO Armani Ferrante predicts that tokenizing US stocks will follow the path of global adoption of stablecoins. （CoinDesk）

Eleanor Terrett stated on X platform that Patrick Witt, Executive Director of the White House Cryptocurrency Council, referred to this week as a crucial week for the advancement of the US CLARITY Act. Patrick Witt stated that the advancement of the CLARITY Act will have an impact on the structure of the digital asset market, the division of regulatory responsibilities, and the future development direction of the industry.