Odaily Odaily Planet Daily News: Apple is undertaking one of the largest strategic overhauls of its Mac chip strategy in history, planning to skip directly to a new generation of chips focused on artificial intelligence for its next top-tier processors. According to sources familiar with the matter, the company is currently in the M5 series phase and plans to launch a base-level M6 processor for entry-level Macs as early as this year.

However, sources indicate that Apple will unprecedentedly skip the high-end version of this chip. Apple plans to launch Pro and Max versions belonging to the new M7 chip series in 2027, which will feature more powerful computing and graphics processing capabilities. This unusual move by Apple aims to accelerate the rollout of technologies originally scheduled for a later release. The decision is expected to meet the growing market demand for on-device AI features and graphics-intensive software. (Jin Shi)

According to Odaily, a source close to the negotiating team stated that the withdrawal of Israeli forces from Lebanese territory is one of the conditions for a final agreement between Iran and the United States, and is considered an important "red line" by the Iranian negotiating team. The source further indicated that the final memorandum of understanding will guarantee Lebanon’s sovereignty and territorial integrity. The draft agreement previously reached in Switzerland has already emphasized a "conflict resolution mechanism" involving Iran and to be implemented uniformly. Iran is currently following up on the specific timeline for its execution. (CCTV)

Odaily reported that Apple (AAPL.O) shares fell 6%, marking the largest decline since April 2025. (Jin10)

Odaily News: Market reports indicate that SpaceX (SPCX.O) credit derivatives have begun trading following its first bond issuance.

Odaily reported that Adam, a macro researcher at Greeks.live, posted on Platform X: "Tomorrow is the quarterly settlement. Bitcoin has fallen below $60,000. As can be seen from the GEX chart, $60,000 is clearly the price with the highest open interest. However, at the same time, positions at $58,000 and $59,000 are also accumulating significantly. Market risks are building up, but institutions and large players have not continued to bet on a further decline; they are just waiting for the settlement."

Odaily reports, according to an official announcement, Coinbase will list Cap (CAP).

According to Odaily, TD Cowen analysts indicated that if SpaceX is unable to reach a network sharing agreement, it may accelerate its wireless business expansion by acquiring T-Mobile. The existing partnership between T-Mobile and Starlink demonstrates strategic alignment. While this scenario is purely speculative, it highlights SpaceX's growing competitive pressure on the telecommunications industry. (Jinshi)

Odaily Odaily reports that UBS analysts stated in a research report that Micron Technology’s long-term contracts with customers are sufficiently solid to withstand any market downturn for at least the next few years. Investors may worry that these contracts could weaken if the market slows down, but the minimum prices set in the contracts are low enough that sufficient supply will not come online to break price floors and prompt customers to consider default until at least 2029, and more likely 2030.

UBS analysts also noted that Micron Technology has received prepaid cash from customers, which could ultimately approach $40 billion to $50 billion. If the situation deteriorates, this could serve as a substantial buffer against违约金 (penalty fees for breaching contracts). (Jin Shi)

Odaily reported that according to Gate data, New York gold futures have reached $4,050 per ounce, up 1.03% intraday. Spot gold surged about $30 in a short period, briefly breaking through $4,040 per ounce, up 0.98% intraday.

According to Onchain Lens monitoring, two newly created wallets, which may belong to the same whale, deposited $8 million into Hyperliquid to open a 20x leveraged long position on Bitcoin. The position currently holds 400 BTC, valued at $23.5 million.

Odaily reported that a federal judge in Boston, Massachusetts, has blocked the implementation of U.S. President Trump’s executive order aimed at tightening mail-in voting regulations, preventing the order from taking effect before the November elections that will determine control of Congress. U.S. District Judge Indira Talwani supported the claims of a coalition of Democratic-led states, which argued that Trump is unlawfully attempting to interfere with state administration of federal elections.

The judge noted that the President lacks the authority to compile state voter rolls, and the U.S. Postal Service also has no statutory authorization to establish binding mail-in voting rules. Under the U.S. Constitution, the responsibility for administering federal elections lies with the states. (CCTV)

Odaily reports that apxUSD, a stablecoin backed by preferred shares including STRC, has dropped to approximately $0.78, a decline of 22%. As Bitcoin briefly fell below $60,000, the shrinking value of its collateral caused the stablecoin to lose its peg.

Odaily reports that blockchain IP project Story Protocol has announced its transition into the DATA Foundation, shifting its core focus from general intellectual property (IP) infrastructure to an AI training data network. This move addresses the rapidly growing demand for "licensable and traceable training data."

Alongside this transition, the project launched a new product called Trace. As an on-chain AI training data registration and auditing system, Trace generates verifiable on-chain "contribution certificates" for each piece of data. These certificates record the source, licensing terms, user consent, and payment information, helping AI model trainers confirm data compliance and traceability. (The Block)

Odaily星球日报讯 标普全球能源公司 25 日发布报告说，24 日共有 78 艘船舶通过霍尔木兹海峡，创下伊朗战事爆发以来单日最高通航纪录。本月霍尔木兹海峡的船舶日均通航量已恢复至冲突前水平的约 57%。

报告说，截至 24 日，本月累计有 551 艘船舶通过霍尔木兹海峡，有望成为战事爆发以来通航量最高的月份。报告指出，近期驶离霍尔木兹海峡的船舶不仅包括因冲突而长期滞留的船舶，也包括近期进入的船舶，反映出航运活动初步正常化迹象。

不过，海峡通航量回升态势能否持续仍有待观察，相关协议仍需进一步巩固和落实。（新华社）

Odaily reported that Jiang Zhuoer stated on X that Strategy’s preferred stock, STRC, has significantly de-pegged, hitting a low of approximately $73. This reflects the current panic sentiment in the US stock market towards Bitcoin (BTC)-related assets. Market concerns about “systemic risk” (such as FUD) have been amplified. In theory, Strategy could still raise funds by issuing more common stock, but in an mNAV < 1 environment, such issuance would dilute the BTC per share, making it a “dilutive financing method” and therefore considered a high-cost operation.

Jiang Zhuoer added that over the past three weeks, Strategy has employed this financing method multiple times. In the first two weeks, part of the funds were used to purchase approximately 1,500 BTC. However, in the third week, despite the larger issuance scale, the amount of BTC purchased decreased to about 520 BTC, as most of the funds were used to maintain STRC dividend payments. Based on this, it is believed that the company’s short-term strategy has clearly shifted toward “prioritizing STRC interest payments,” implying that the pace of BTC accumulation may slow significantly, or even halt temporarily, in the coming months. However, STRC is essentially a preferred stock, not a debt instrument, and therefore has no forced liquidation mechanism. With Strategy’s overall debt-to-equity ratio at roughly 10%, the probability of a “blow-up risk” is low as long as BTC does not enter a prolonged deep bear market.