Odaily Odaily reports that Dragonfly managing partner Haseeb Qureshi posted on platform X, stating that he previously believed the gap between open-source and closed-source models would continue to widen due to data disparities, hardware gaps, and increasing restrictions on data extraction. However, this view was incorrect, as Zhipu has reached another level, with its model demonstrating outstanding benchmark test performance and strong early user feedback.

Odaily reported on Wednesday that U.S. President Trump delivered remarks after the conclusion of the G7 summit in France, defending the agreement reached between the United States and Iran, and stating that he does not wish to see the Middle East conflict persist, which could trigger an economic disaster. Speaking at the French lakeside resort of Evian-les-Bains, Trump said: "One thing I least want to see is an economic disaster. If this conflict continues, it is entirely possible." Trump stated that he does not want to become another Herbert Hoover. In October 1929, when the U.S. stock market crashed, Hoover was serving as President of the United States. The crash wiped out billions of dollars in wealth and ultimately led to the economic crisis known as the "Great Depression." (Jin Shi)

Odaily Planet Daily reported: According to market sources, European Central Bank President Lagarde has directly blocked Binance from entering Europe to support the promotion of the digital euro.

Odaily报道: Satori Finance, a multi-chain decentralized exchange backed by investors including Polychain Capital and Coinbase Ventures, has announced it will cease operations and begin the closure process. The platform stated that due to "prolonged unfavorable market conditions," its revenue is insufficient to support continued operations, leading to the decision to gradually wind down. Users must withdraw their assets before 23:59 UTC on July 16, after which the platform will no longer be accessible.

In 2022, Satori Finance completed a $10 million seed funding round led by Polychain Capital, with participation from Coinbase Ventures and Jump Crypto. The platform was deployed across multiple networks including Arbitrum, Optimism, and BNB Chain, and initially featured 25x leverage and an "points mining" incentive model. (The Block)

Odaily News: Trump said the deal with Iran will be signed tomorrow or the day after. It could be signed on Friday. If the Iran deal is not reached within 60 days, bombing will resume. He does not want to bomb Iran again but may have to. A copy of the memorandum of understanding has been sent to Israel, and Iran has agreed not to produce or procure nuclear weapons. (Jinshi)

Odaily reported that according to an official announcement, Coinbase announced it will list Re (RE).

Odaily: Former President Trump stated that the Strait will soon be fully opened, and the Iran deal is a very strong agreement. (Jin Shi)

Odaily reported that "Fed Whisperer" Nick Timiraos stated that there are three key points to watch in Warsh's first Fed meeting as chair:

1. Will the "easing bias" language be removed? And if so, what will replace it? Since 2024, a sentence in the policy statement regarding "additional adjustments" has been signaling to the outside world that the next move in interest rates is more likely to be a cut than a hike. This language sparked dissent at the last Fed meeting and now appears increasingly untenable. Removing it could satisfy everyone: hawks want it gone, and Warsh can tout the move as a reform rather than a signal of a hawkish turn. Even Trump previewed this move during Warsh's swearing-in ceremony.

2. Will the "dot plot" take over as a guidance tool? Who will predict a rate hike? The Fed will release its first interest rate projections since March; at that time, 12 of the 19 officials expected at least one rate cut in 2026. Now, most expect no cuts. I'm watching how many predict a hike—and whether Warsh, long skeptical of the dot plot, will submit his own projection or downplay its significance by not voting on it.

3. How will Warsh communicate during the press conference? The Fed Chair's words can move markets only if people believe he commands a majority—that his words represent the committee's direction, not just his own views. Warsh leads a divided group that he may not fully control. If he faithfully conveys his colleagues' views, he can begin building the authority to speak for them; if not, colleagues will express themselves elsewhere (e.g., through dissenting votes). Under a chair inclined to reduce signaling, those "dissents" themselves may become the tools for sending signals. (Jinshi)

Odaily Odaily Planet Daily reports that asset management arm of JPMorgan Chase is urging investors to continue holding onto stocks and other higher-risk assets through the second half of 2026. The institution states that despite persistent inflation and the Federal Reserve keeping interest rates unchanged, the investment boom in AI and consumer resilience will support the continued expansion of the U.S. economy. There is growing market concern that the significant rally in U.S. stocks this year has made them vulnerable to a correction.

The firm, which manages $4.3 trillion in assets, points out that economic growth momentum is strengthening as companies increase investment in AI infrastructure. Meanwhile, high-income consumers continue to spend, driven by the wealth effect from rising stock and home prices. In its mid-2026 outlook, J.P. Morgan Asset Management noted that bonds are becoming attractive again due to high yields, and that emerging markets are becoming increasingly linked to the Asian chip supply chain. For diversification, the institution recommends investors choose defensive investment targets such as real estate, infrastructure, and transportation, while also guiding investors' attention towards European and Japanese markets. (Jin Shi)

Odaily Odaily News According to Adam, a macro researcher at Greeks.live, SpaceX's stock price volatility has intensified recently. Despite a market capitalization of approximately $2.5 trillion, under a low-float structure, single-day price swings of around 10% have become common, even equivalent to "the intraday market cap change of a large publicly listed company." SpaceX's trading structure essentially follows a "low-float, high-valuation" model, allowing marginal trading to more easily amplify price movements. This structure is similar to the liquidity characteristics of the crypto market. Currently, the crypto market's volatility continues to decline, with implied volatility (IV) dropping approximately another 10% from last week. This low-volatility environment has persisted for about half a year, with the overall market remaining in a compressed state.

Odaily星球日报讯 数字资产及另类资产存托凭证发行机构 Receipts Depositary Corporation（RDC）宣布完成 700 万美元新一轮融资，LiveOak Ventures 领投，Hivemind Capital、Onigiri Capital、OTC Markets Group、GTS 及 Redbeard Ventures 等参投，新资金拟用于加速数字资产存托凭证产品开发，并为美国投资者提供覆盖多资产类别的合规证券化产品与基础设施服务。（PRNewswire）

Odaily Planet Daily News: According to PeckShieldAlert, the address of the UXLINK attacker has exchanged approximately 14.6 million DAI for 8,298.6 ETH. Subsequently, the attacker deposited 8,340 ETH into Tornado Cash and bridged 2.64 ETH (approximately $4,630) from Ethereum to a BTC address. The attacker currently still holds 10.54 million DAI.

Odaily reports that George Saravelos, Global Head of FX Research at Deutsche Bank, stated that Federal Reserve Chairman Kevin Warsh's goal is "to avoid expressing views on monetary policy this year as much as possible, thereby minimizing the impact on market pricing." If Warsh succeeds in doing so, the U.S. dollar is likely to weaken, and "the path for summer carry trades will be wide open." In a note to clients on Wednesday, the bank indicated that as the limited market impact from the Iran conflict fades, it is "difficult not to be positive" on risk assets. The bank noted that global economic growth forecasts have barely changed since last year, and this resilient growth outlook "is not a particularly bullish signal for the U.S. dollar." Deutsche Bank also believes that, in terms of the potential for upward revisions to growth expectations in the coming months, Europe "has the greatest potential."

Odaily reported that Exodus, a US-listed crypto wallet provider, released its May operating data, disclosing an increase of 27 Bitcoins last month, bringing its total Bitcoin holdings to 656. It also added 1,439 SOL, bringing its current SOL holdings to 20,673. However, it reduced its ETH holdings by 439 last month, with Ethereum holdings dropping to 1,433. Additionally, Exodus processed $383 million in crypto transactions in May, up from $347 million in April. Its monthly active users reached 1.5 million, flat compared to the end of April. (Globenewswire)

Odaily reported that the Digital RMB International Operations Center announced that, with the adjustment of the digital RMB measurement framework and the overall architecture upgrade of the infrastructure system, its three major business platforms—the cross-border digital payment platform for digital RMB, the blockchain service platform, and the digital asset platform—have been upgraded into the "Cross-border e-CNY Transfer Services" (CBETS) comprehensive settlement platform. It has already signed direct participant service agreements with the first batch of 26 financial institutions.