Odaily reported that a logistics warehouse affiliated with the US military in Saudi Arabia was hit by a drone attack, with explosions heard at the scene. (Jinshi Data)

Odaily reports that according to glassnode's Bitcoin options market data, the Bitcoin options put/call ratio has fallen from approximately 0.76 at the end of June to 0.52, indicating that defensive positions are being unwound, while the Bitcoin price has stabilized around $67,000. ATM implied volatility remains compressed, with the 1-week tenor at 34.3% and the 6-month tenor at 40.8%, resulting in an upward-sloping term structure. Short-term 25-delta skew has dropped back to around 4%, reflecting a recent weakening of bearish hedging demand, but medium-to-long-term skew still maintains a defensive premium level of 11% to 12%.

Odaily reports that NVIDIA CEO Jensen Huang and AXIOS co-founder Mike Allen engaged in a wide-ranging and in-depth discussion on the state of artificial intelligence. Huang stated that despite the long-standing boom-and-bust cycles in the chip industry, "this time is different." Even considering the extremely cyclical fluctuations historically seen in the chip industry (as shown in the chart), the current boom still has room to continue growing.

When asked if the industry is heading towards a recession, Huang replied, "No, not for a while yet. This time is different because it's not driven by demand." Huang further explained that the current AI boom is not fueled by consumer demand, which has long been the primary driver of the industry. This current AI boom is industry-driven, meaning the core technology of computing is undergoing a change. We need to build an entirely new infrastructure layer globally. We already have energy, the internet, roads, and railways. Now, we need to build the intelligence layer of AI, which means layering another infrastructure layer on top of these foundations. This infrastructure layer, in turn, depends on chips. I think our semiconductor industry might need to be five to ten times larger than it is now... The current industry scale is too small. Everything is in extreme shortage, not because it's a cyclical issue or due to consumer demand, but because of fundamental, infrastructure-related factors. Hence, the entire industry is in a state of shortage. I believe we must make this industry scale several times larger. (Jinshi Data)

Odaily Odaily reports that the U.S. Department of Commerce's AI Standards and Innovation Center, in collaboration with the UK AI Safety Institute, tested the cyber attack capabilities of Kimi K3, emphasizing that "the United States still leads."

However, the value of the evaluation is debated due to limitations in the testing scope. Due to hosting environment constraints, Kimi K3 only participated in partial testing, with its overall cyber capabilities estimated primarily based on 41 exploit benchmarks. In contrast, other models underwent more comprehensive testing, resulting in a larger margin of error for Kimi K3's results.

In the exploit testing, Kimi K3 scored approximately 32%, higher than GLM-5.2's 24%, but lower than the average of approximately 76% for leading U.S. models. In a simulated attack chain test, Kimi K3 completed an average of 17 out of 32 steps in the attack chain and successfully breached the network once in 10 attempts, while U.S. frontier models completed an average of 28.5 steps.

The report notes that Kimi K3 already possesses a certain level of autonomous attack capability, and its security guardrails did not prevent the model from developing exploits or executing attacks. However, the report also emphasizes that the testing scope was limited.

Odaily reported that BitcoinTreasuries.NET posted on X platform, stating that DylanLeClair revealed Metaplanet's next plan is to launch monthly dividend-paying preferred stock through its new securities firm, Metaplanet Securities. DylanLeClair said: "We will do everything we can to make this happen."

1. Whale sets "10 big goals" to rebuild long positions: Bullish on BTC challenging $100,000 before March next year;

2. Trump's crypto-related conflicts of interest hinder CLARITY Act, dampening prospects for passage within the year;

3. Analysis: Bitcoin's profitable supply ratio approaches 60%, but confirmation of a bull market is still premature;

4. Bitcoin treasury companies shift strategy collectively: Selling BTC, repaying debt, and betting on AI, strategic adjustments forced by stock price plunge;

5. Analysis: Long-term Bitcoin holders (5+ years) have been moving BTC frequently recently, with daily UTXO changes exceeding 5,000;

6. Bitcoin mining pool Poolin files for bankruptcy protection, plans to sell Texas mining assets for $52 million;

7. Multiple investment banks lower target price for Google's parent company Alphabet, only Barclays and Bank of Montreal buck the trend with upward revisions;

8. Wisconsin warns election contract traders could lose voting eligibility in the same election, Kalshi says it suppresses voters;

9. South Korea tightens trading threshold for single-stock leveraged ETFs: Starting July 31, individual investors need 30 million won in cash;

10. South Korean court orders SK Hynix Chairman Chey Tae-won to pay approximately $643 million in divorce asset settlement to his ex-wife.

According to Odaily, UBS Securities China Internet industry analyst Xiong Wei stated that Chinese cloud vendors are investing at a more steady pace, emphasizing ROI and sustainability, and does not believe there is a "bubble" in China's AI industry. Meanwhile, as model capabilities continue to improve and inference demand keeps rising, investment in China's AI industry will gradually increase. (Securities Times)