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The financial starting line for American children will be signaled from the Oval Office. White House National Economic Council Director Kevin Hassett revealed that, to celebrate the official launch of the “Trump Accounts” for minors on July 4, Nasdaq and New York Stock Exchange officials will jointly ring the opening bell at the Oval Office next week for the first time.
(Backgrounder: Elon Musk looks at “Trump’s universal money giveaway”: In the future, there will be no poverty, so there’s no need to save money)
(Background supplement: Trump’s big, beautiful bill is stuck in the Senate; 70 multinational corporations gather to block Section 899)
Key Summary
The Trump Accounts go live on July 4; each U.S. citizen born between 2025 and 2028 will receive a $1,000 government seed grant per person, and anyone under 18 who has a Social Security Number can open an account

Goldman Sachs strategists pointed out that the S&P 500 is expected to decline over 1.5% this week, mainly due to the Magnificent Seven tech stocks dropping 3% to 8%, with their combined market value estimated to have evaporated by about $2 trillion. However, Goldman believes this is more like a "pressure release from a high-concentration market" rather than a confirmation signal of a bull market peak. The report also warns that AI investment scale has approached or may even surpass the historical peak of tech investment in the 1990s, and the visibility of returns on capital expenditure is the biggest uncertainty factor in the current market.
(Previous context: Tom Lee warns: Magnificent Seven stop falling! But other sectors may enter a "rolling bear market")
(Background supplement: Nomura Securities: U.S. stock bull market still supported by AI narrative, but risks cannot be ignored)
Key Summary
The Magnificent Seven generally this week

A 31-year-old quit their full-time job to take an unpaid internship, only to learn from Gen Z coworkers nearly a decade younger the things they should have remembered long ago. Writer Jackie Garcia-Morales recounted this experience in U.S. business media Business Insider, daring to ask why, and leaving work on time.
(Background: New York Times: The Golden Age for Silicon Valley Tech Giants' Employees Has Come to an End)
(Context Supplement: Meta Employee Proposal: If a Job Can Be Fully Automated by AI, the Company Should Provide Five Years of Salary Compensation Before Layoffs)
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Ask Why, Why
Leaving at Five
What You Deliver
Key Takeaways
A 31-year-old writer Jackie Garcia-Morales quit their job to do

Swiss startup Flexion Robotics (founded by several former Nvidia robotics researchers) has developed a "humanoid robot brain" that enables robots to understand and autonomously execute verbal commands like "go downstairs to pick up the snack package, take the elevator up, unbox it, and put it into an empty drawer on the shelf." The company was founded in January of this year and has raised approximately $50 million in Series A funding, with investors including Nvidia's venture arm NVentures and DST Global.
(Background: Can you get a robot to wash dishes and sweep the floor just by speaking? Figure launches AI model "Helix" targeting household revolution)
(Context: Valued at $2.5 billion! Humanoid robot Digit developer goes public via SPAC)
Key Highlights

Recently, Tsai Aga traveled to Japan and compared a street portrait painter to AI, sparking a nationwide backlash and eventually leading him to issue an apology video. The reason people are angry is "disrespect for other creators," but at a deeper level, it's because the public "misunderstands" AI and thus "undervalues" it.
(Background: Lawyer Lin Shanglun’s article — Still doubting AI? Top-tier lawyers already treat it like "water and electricity")
(Context: AI panic over job loss! Microsoft executives warn that most white-collar workers will be automated away within the "next 12-18 months")
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The most absurd misunderstanding: "AI shouldn't be compared to humans"
Tearing off the fig leaf: The essence of anger is raw fear
"I write better than AI" — this is naive, and a misjudgment
Don't mistake "clinging to old ways" as an excuse for not improving
Conclusion: AI is not at all

South Korean President Lee Jae-myung today (6/29) unveiled an unprecedented AI national strategy at the Blue House, setting semiconductors, physical AI, and data centers as the “three pillars,” and declaring that South Korea will hold on to its leading position in AI chips. Led by Samsung Electronics and SK Hynix, the business community will together pour in at least 1,350 trillion Korean won (about 880 billion US dollars) into chips and data centers, while the government will also invest more than 200 trillion Korean won in R&D.
(Background recap: Jensen Huang had a fried chicken dinner with the heads of Samsung and Hyundai, sparking a frenzy over South Korea’s “chicken meme stocks.”)
(Additional background: Jensen Huang’s speech: In the AI era, “questions” are worth 10,000 times more than answers; don’t use Excel to calculate return on investment; Physical AI)

Korean stocks opened lower but rebounded today. Samsung Electronics and SK Hynix’s AI investment plan—reportedly as large as $1.3 trillion—received government endorsement in the late session, and the decline in share prices narrowed. Analyst degentrading believes this signals that the early stage of global AI competition is arriving, with countries treating it as a life-or-death struggle.
(Background: Jensen Huang’s list of shareholdings: $12 billion sweeping six stocks, INTC quadrupled to lead, is Marvell the “next trillion-dollar company”?)
(Additional background: Oracle plunged 40%; will excessive AI infrastructure drag down the giants?)
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- Countries treat AI as a life-and-death battle
- Cloud vendors won’t stop just because their shares are discounted
- Compute and memory pooling
## Key Takeaways
- South Korea announced today that Samsung and SK Hynix could see up to 1.3 trillion

Bitcoin's most loyal buyer writes for the first time the conditions under which it would sell its coins! Strategy (formerly MicroStrategy) filed an 8-K with the SEC on Monday (6/29), introducing a "Digital Credit Capital Framework" authorizing the Board to sell Bitcoin from time to time for three purposes: bolstering dollar reserves, paying preferred stock dividends, and supporting share buybacks—bringing in up to $1.25 billion for dollar reserves. It also launched two $1 billion share repurchase programs and raised the STRC preferred stock dividend to 12%.
(Previous context: STRC preferred stock's correlation with Bitcoin hits new high: Strategy's stable income attributes are disappearing)
(Background supplement: Strategy buys another 520 Bitcoins! Total holdings exceed 847k, dollar reserves reach $1.4 billion)
Key Summary

According to three people familiar with the matter cited by the South China Morning Post, ByteDance plans to complete the design finalization of its next-generation, self-developed CPU by early 2027 at the latest, with the aim of launching mass production in the second half of 2027 and deploying it at scale to data centers to meet the inference needs of its agent-based AI services such as Coze.
(Background recap: Qualcomm and ByteDance are in talks on custom chip design! VPU chip to be mass-produced by year-end; the stock price jumps in after-hours trading)
(Background supplement: UBS and TD Cowen raised Arm’s target price to $475 on the same day, citing revenue from future self-developed CPUs)
Key Takeaways
The self-developed CPU design is slated to be finalized by early 2027 at the latest, with early versions already live and running internally by the end of 2025
Negotiations with Qualcomm to cooperate and secure foundry capacity at TSMC; the customized VPU is expected by end of 2026 at the earliest

The Trump administration partially lifted restrictions on Anthropic's most advanced security model, Mythos 5, on Friday (June 27), allowing it to be provided to a small group of cyber defenders and infrastructure providers; at the same time, OpenAI announced that GPT-5.6 Sol is only available to clients approved by the White House, with approximately 20 companies authorized. The simultaneous restriction of advanced models from two AI giants under government review marks a new phase in U.S. AI national security regulation.
(Previous summary: GPT-5.5-Cyber beats Claude Mythos in cybersecurity capabilities! The White House greenlights vs. blocks two different fates)
(Background: OpenAI's new model GPT-5.6 not allowed: Trump administration requires phased release)
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The Mythos Incident: From "Cyber Weapon"

"Rich Dad Poor Dad" Author Robert Kiyosaki Turns Bullish on Gold Again, Predicts Gold Price Will Break Through $35k Within 5 Years, Emphasizes "Profits Are Made When You Buy, Not When You Sell."
(Previous Context: Rich Dad: The "Oil-Weak Dollar" Bomb Buried in 1974 Exploded, Bitcoin and Gold Are Real Money)
(Background: Rich Dad: Already Bought One Bitcoin at $67k Because the Fed Will Print Massively and BTC Will Soon Be Mined Out)
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Current Gold Situation: Consolidating During Pullback
Kiyosaki's Gold Argument
Market Signals in Sync
"Rich Dad Poor Dad" author Robert Kiyosaki tweeted on X platform on June 29, reiterating his bullish stance on gold, stating that he still believes gold will break through the $35,000 mark within 5 years.

The United States and Iran have agreed to cease all military attacks and will meet on Tuesday in Doha, Qatar, in an attempt to resolve their dispute over the right of passage through the Strait of Hormuz. This ceasefire agreement, signed only 11 days ago, is on the verge of collapse due to differing interpretations of the Memorandum of Understanding (MoU) by both sides, with Trump even threatening to 'restart the war.'
(Previous summary: US-Iran peace agreement draft revealed! US military withdrawal in exchange for 'unblocking the Strait of Hormuz,' crude oil plummets below $89)
(Background supplement: Iran updates 'US-Iran Memorandum of Understanding (MoU)' framework: demands $12 billion in frozen funds, collects tolls for the Strait of Hormuz)
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Key Contradiction of the MoU: Who Has the Final Say?
From Nuclear Talks to Strait Crisis: Doha Meeting Shifts Focus
Potential Impact on the Crypto Market: Oil Prices × Fed × Safe-Haven Narrative
The United States and Iran

a16z points out that AI is driving capital from virtual to physical, robot investment hits new highs, and enterprises need to break through exploration bottlenecks in adopting AI.
(Previous context: Former Anthropic researcher founded Mirendil, raised $200 million, claiming to be "AI that can self-upgrade")
(Background supplement: Employees burned $80k in tokens to make a "meme shooter game" with AI, and after seeing the bill, the boss asked the whole internet to play it)
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Cycle Flip: Tech Winners Become Losers
Physical Splurge: Robots Surge 4.5 Times
AI Transformation: Accenture Plunges 6 Times
Deep Restructuring: AI Application Cases Soar 44%
Lean Operations: AI Venture Capital Hits New Highs
Personal Entrepreneurship: Million-dollar Revenue Doubles
Recently, a16z, from market investment, AI applications, entrepreneurship ecosystem, and

In June, the US spot Bitcoin ETF had a net outflow of $4.06 billion, breaking the previous record of $3.56 billion set in February 2025. Last week's single-week outflow of $1.79 billion was the second highest in history. Combined outflows for the two months since May total nearly $6.5 billion, a scale equivalent to the total market cap of Zcash (ZEC). Bitcoin fell about 30% in the first half of the year, while MSTR plunged 45%.
(Previous summary: Retail investors flee! Bitcoin ETF reports "6 consecutive days of outflows", is the market bottom emerging?)
(Background supplement: Crypto market massacre! BTC drops to 58.8k USD, ETH loses $1,565, 24h liquidations reach $887 million)
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June's record-breaking outflow: $4.06 billion net outflow rewrites history
From SpaceX

Galaxy Research’s latest report lowered the probability of the CLARITY Act passing in 2026 from 60% to 50%. If the Senate Majority Leader does not schedule a vote by early July, the legislation could be delayed until September.
(Previously: CLARITY Act faces a crucial Senate test today: 130 amendments, 8,000 anti-letters from banks, and Polymarket’s forecast puts the passing probability at only 60%)
(Background: Grayscale Research Director: Crypto protocol price-to-earnings (P/E) ratios are in the single digits; the CLARITY Act will unlock valuation potential)
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July is the starting point of the countdown
Probability trajectory: from 55% to 75% and back to 50%
Three major unresolved points of contention
Two scenario predictions
Market effects after it clears

UBS raised its target price for TSMC from NT$3,000 to NT$3,400, significantly lifting the figure, reaffirming its “Buy” rating, and simultaneously raising its 2026 sales growth forecast. UBS believes that strong demand for AI chips will drive TSMC’s strong expansion over the coming years and hinted that a new round of price increases may be initiated in early 2027.
(Background: C.C. Wei admitted that TSMC has “reached its production capacity limit”—AI demand is too intense; U.S. capacity expansion can’t quench the thirst in the short term, with price hikes being under consideration.)
(Background supplement: On the same day, UBS and TD Cowen raised Arm’s target price to $475, citing revenue from the company’s self-developed CPUs.)
In its latest research report, UBS significantly raised its target price for TSMC, the world’s leading semiconductor foundry, from NT$3,000 to NT$3,400, and maintained a “Buy” rating, releasing

BMAG will host its first full card exhibition at Bitcoin Asia 2026, taking place on August 27-28 at the Hong Kong Convention and Exhibition Centre. The exhibition area includes a Bitcoin-native merchant marketplace, a TCG competitive arena (with Bitcoin prizes), a live pack-opening stage, grading and authentication services, and a curated gallery wall featuring selected cards and artworks. Curator Dennis Koch emphasized that Bitcoin and collectibles share verifiable scarcity and authenticity; the event supports Bitcoin payments, aiming to integrate Bitcoin culture with the collectibles market.
(Previous context: Bitcoin Asia 2026 Announces First Confirmed Speaker Lineup)
(Background supplement: Bitcoin Conference Makes a Strong Return to Amsterdam: A Larger-Scale, More Ambitious Bitcoin Summit Arrives)
_(This article is a press release, by BTC

US memory giant Micron, driven by the AI-fueled memory supercycle, once surpassed Meta and Tesla in market cap, with Wall Street analysts comparing it to "the next Nvidia." But investors are focused on: how long can this AI memory shortage last? Can Micron break free from the historical fate of "boom and bust" in the memory industry?
(Previous Summary: Micron Q3 Earnings Preview: Gross Margin of 81% Far Exceeds Nvidia! AI Memory Supercycle to Trigger 14% Stock Price Volatility?)
(Background Supplement: AI Devours Memory Capacity! Apple Can't Hold Out, Raises MacBook and iPad Prices, Stock Plunges Over 5%)
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HBM Supply Shortage: AI Eats Up the World's Memory
Wall Street's Bet: Is This Time Really Different?