CryptoCity

SoftBank CEO Masayoshi Son criticized Musk's SpaceX space data center as extremely low efficiency, emphasizing that terrestrial computing power is the key to the AI race, and SoftBank will focus on investing hundreds of billions of dollars in terrestrial infrastructure.
SoftBank's Masayoshi Son Slams Musk's SpaceX Space Computing Narrative
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After Musk's company SpaceX completed the largest IPO in history, the narrative of space computing power has been hyped up, but SoftBank Group CEO Masayoshi Son dismissed it.
At the recent shareholder meeting of the mobile communications business, he questioned the concept of space data centers advocated by Musk, stating that the actual benefits of building data centers in space are extremely low, and the outcome of the artificial intelligence (AI) race will be determined by terrestrial computing power.
He pointed out that although space data centers can reduce electricity costs, compared to chip hardware, electricity expenses account for only a very small proportion of total operating costs.

British billionaire Jeremy Grantham again publicly criticizes Bitcoin. He points out that it lacks fundamental support and cash flow, and in the future it may face a quiet decline as attention fades.
Jeremy Grantham once again questions the long-term investment value of Bitcoin
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Known for predicting asset bubbles over the long term, British billionaire and co-founder of GMO Jeremy Grantham (Jeremy Grantham) once again publicly criticizes Bitcoin. He believes that the biggest risk for Bitcoin in the future may not necessarily be a sharp, large crash in a short period of time, but rather a long-term and slow process of value erosion after the market’s heat gradually fades.
Grantham said that Bitcoin’s price is mainly built on market consensus and investor confidence. Since it does not generate cash flow on its own and lacks intrinsic value that can be evaluated in traditional ways, the price

Digital asset custodian BitGo announced layoffs of nearly 15% to reconfigure resources, and will in the future focus its manpower on core businesses such as stablecoins, settlement, and AI infrastructure.
BitGo lays off nearly 15% and reallocates resources
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Digital asset custodian BitGo announced it would cut nearly 15% of its employees, becoming the latest example of workforce adjustment in the cryptocurrency industry in recent times.
BitGo CEO Mike

Multicoin Capital issues a bullish report on Hyperliquid’s native token HYPE, saying it is evolving into an all-in-one exchange, with hopes it could reach $319 in 2028.
Multicoin Capital, a cryptocurrency venture capital firm, released a major bullish report, directly pointing out that the market is seriously underestimating Hyperliquid’s native token HYPE. The firm believes that as Hyperliquid evolves from a decentralized exchange into an “all-in-one exchange” where “everything can be traded,” HYPE could surge to $319 by 2028, still offering more than 400% upside from the current price.
Multicoin said in a research report released on Thursday that the current price of HYPE, at around $63, fails to fully reflect Hyperliquid

Paramount will premiere a new documentary on July 14, delving into the 1990s American Stratton Oakmont fraud case and faithfully recreating the downfall of the real-life prototype behind the Wolf of Wall Street.
Paramount has recently released the official trailer for its new documentary *The Real Wolf of Wall Street* (“The True Face of the Wolf of Wall Street”), which is expected to premiere on a streaming platform on July 14. At that time, all three episodes will be released simultaneously. The documentary explores the Stratton Oakmont fraud case that shocked the U.S. financial world in the 1990s. The film claims it will take viewers beyond the fictional wrapping of Hollywood movies and faithfully recreate the movie’s real-life prototype, Jordan Belfort (Jordan

Ark Invest takes advantage of the sharp drop in stocks and crypto to buy the dip, increasing positions in concept stocks like Coinbase and Robinhood through its active ETFs, with the "female stock god" reiterating views of cooling inflation and looser monetary policy.
As stocks and crypto markets plummet and investors pull back, Cathie Wood, known as the "female stock god,"

OpenAI has released its GPT-5.6 series of models. This article walks you through the key features, pricing, and API fees of the Sol, Terra, and Luna model families. However, in response to the Trump administration’s security review requirements, access is currently limited to a limited preview for specific partner(s) only.
### GPT 5.6 Lightning Release, Access Restricted Due to Trump Administration Requirements
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On June 26, OpenAI surprised the world with the release of a new generation of the GPT-5.6 model series, including the flagship Sol model, the balanced Terra model, and the high value-for-money Luna model.
However, due to the Trump administration’s security review requirements for cutting-edge AI models, OpenAI currently offers only a limited preview to a small number of trusted partners, and is temporarily not available to the general public.

Ethereum Layer2 network Base experienced two mainnet outages within two days, disrupting block production. The team has completed preliminary fixes and announced an emergency postponement of the originally planned Beryl hard fork and B20 activation.
Base Experiences Two Outages in Two Days, Mainnet Upgrade Plan Urgently Delayed
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Base, the Ethereum Layer2 network launched by Coinbase, recently experienced two mainnet outages within two days, causing blocks to fail to generate normally for a time. After completing preliminary fixes, the team announced that the originally scheduled Beryl hard fork and B20 activation plan will be postponed to prioritize confirming network stability.
Base stated that Beryl was originally expected to introduce multiple protocol updates and simultaneously activate B20

Bitcoin once briefly reclaimed the $60k level, but subsequently fell back to $59,552 due to insufficient buying momentum, as the market remains in a tug-of-war between bulls and bears.
Bitcoin Briefly Returned to $60k, Then Fell Again
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Bitcoin ($BTC) briefly reclaimed the $60k integer level after consecutive heavy declines, but buying failed to sustain the price increase. As of writing, Bitcoin is priced at $59,552, with bulls and bears still locked in a tug-of-war. Market focus has shifted from panic after the support breakdown to whether the recent rebound represents a gradual absorption of selling pressure or just a technical correction in a bearish trend.
Source: CoinGecko Bitcoin priced at $59,552, bulls and bears still in a tug-of-war
Recently, Bitcoin has successively broken below $60k and $58k, and the U.S.

Microsoft researchers used the goat-trigger mechanism in *Age of Empires 2* to build a neural network, thereby proving that models like ChatGPT have no consciousness, and that their human-like traits are merely cognitive illusions brought about by text interfaces and commercial marketing.
Does AI really have consciousness?
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If you think that today’s ChatGPT and Claude have consciousness, then the goat in *Age of Empires 2* does too.
With the widespread use of large language models (LLMs), you’ll often see arguments claiming that AI has self-awareness, which also leads science fiction writers and frontline research teams to think deeply about the issue.
Science fiction writer Ted Chiang once wrote that blindly believing language models possess consciousness is like believing that every time you open a Microsoft Word file, you wake up multiple individuals lurking in the conversation history.
To burst this cognitive bubble, a Microsoft A

Former Google General Manager Jian Lifeng said that the AI agent trend is shifting toward task execution and inference computing power. This strong hardware demand, combined with Taiwan’s demographic structure, will bring a golden decade.
At the International Trends Summit Forum on the opening day, Jian Lifeng, former Google Managing Director and an Innovation Economy Advisor to Taiwan’s Executive Yuan’s Economic Development Committee, analyzed that the strong demand for AI hardware, together with Taiwan’s current demographic structure, has formed Taiwan’s “golden decade”—and it is also a critical period for Taiwan to get through the challenge of “low birthrates.”
Image source: Wang Yongcun Photography
All three major AI trends have turned, and changes in computing power demand are both qualitative and quantitative
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Amid a rapidly changing situation, Jian Lifeng identified three trend storylines that deserve attention.
The first is software. As AI evolves from “answering questions” to “executing tasks,” this is the key upgrade that makes it “more useful,” and it is rapidly widening the gap between people.

Standard Chartered Bank published a report, for the first time including the lending protocol Aave in its rating, predicting that its token could surge to $3,500 by the end of 2030.
On Tuesday, Standard Chartered (Standard Chartered) released its latest research report, for the first time including the leading DeFi lending protocol Aave in the scope of its assessment, and predicting that the $AAVE token could surge to $3,500 by the end of 2030; based on its current price of about $74, the potential upside could be as high as nearly 50 times.
This report was authored by Geoffrey, Global Head of Digital Assets Research at Standard Chartered

Meta launches its first branded smart glasses to expand the market, with new products including three new styles starting at $299, and built-in latest AI model for visual perception capabilities.
On June 23, Meta announced the launch of its first smart glasses under the "Meta" brand, moving away from its long-standing reliance on the Ray-Ban co-branded partnership, aiming to expand market reach at a lower price.
There are three new models: Adventurer, a classic square-frame design for everyday use, and Fury, a sportier style with slightly thicker frames. Both are priced at $299 (approximately NT$9,500), $80 cheaper than the current second-generation Ray-Ban Meta Wayfarer at $379.
Source: Meta Adventurer, a classic square-frame design for everyday use.
Source: Meta

The market has reported that MediaTek is evaluating an investment in Global Unichip to strengthen its AI chip roadmap. TSMC responded that this is not the case. In addition, TSMC has recently adjusted its capital allocation to focus on its core business.
As cloud service providers (CSPs) accelerate spending on in-house chip development, the ASIC custom chip market is rapidly taking off as well, creating new cooperation opportunities for the semiconductor supply chain. It has been reported that MediaTek (2454) is assessing how to deepen cooperation with Global Unichip (3443), an ASIC design services provider under TSMC, through an “equity investment” or “strategic alliance” to strengthen its own AI chip roadmap and advanced process design services capabilities. In response, TSMC said this is not the case.
TSMC frequently adjusts its capital allocation, which outsiders interpret as a focus on its core business
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In recent times, TSMC has been making frequent moves regarding capital allocation. In the past, the company invested in global CPUs

葡萄牙馬德拉島有機農場引進比特幣礦機，利用其排出的廢熱為溫室穩定供暖並降低濕度，成功以綠色創新實踐永續農業。
傳統農業與金融系統面臨的現代困境
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在現代化農業的架構下，大規模的工業化工廠為了追求極致產量，普遍依賴噴灑農藥與大量化學藥劑，並使用塑料包裝將農產品運往各地。這種發展模式受到現行金融體系的限制，往往優先獎勵成本最低廉的產品，導致消費者鮮少探究食物的來源與成分，甚至盲目信任現有的食品供應鏈。
然而，在遠離歐陸本土、坐落於大西洋中央的葡萄牙火山島馬德拉（Madeira），這種傳統思維正被打破。這座島嶼地形崎嶇，農場位於海拔約 400 公尺的高山斜坡

Japanese financial giant SBI Group has partnered with Startale to launch its first yen stablecoin, JPYSC, backed by a trust bank. Its affiliated exchange handled the initial issuance and will lead circulation.
Japanese financial giant SBI Group announced on June 24 that it is co-launching Japan’s first yen stablecoin backed by a trust bank, “JPYSC,” together with Singapore fintech company Startale Group.
According to the statement, SBI completed the initial issuance of JPYSC today. SBI Shinsei Trust Bank (SBI Shinsei Trust Bank) is responsible for issuance and asset custody; SBI Group’s cryptocurrency exchange, SBI VC Trade, serves as the primary circulation platform; and Startale leads technical development and the integration of blockchain infrastructure. SBI in the statement.

Radical Ventures partner predicts AI development trends in 2030, covering supply chain reshuffling for TSMC and ASML, Anthropic's transformation into a pharmaceutical giant, commercialization of brain-computer interfaces, and a significant reduction in AI energy consumption.
According to an article published by Forbes, Radical Ventures partner Rob Toews recently made five bold predictions about the development of artificial intelligence (AI) in 2030, covering the reshaping of the AI corporate landscape, changes in the semiconductor supply chain, breakthroughs in brain-computer interface technology, improvements in energy efficiency, and key issues such as AI ethics and legal rights, indicating that the global technology industry will undergo disruptive structural transformation in the coming years.
Is TSMC's monopoly position about to be broken? Global semiconductor supply chain reshuffling
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South Korean media reports that Taiwan's economy is booming due to semiconductors, but young people face high housing prices and low wages, reducing them to 'beggar superheroes' scrambling to buy soon-to-expire products. Taiwanese youth refute this, saying it is a form of pragmatic consumption.
The Hankyoreh newspaper describes Taiwanese youth as 'beggar superheroes' living in the 'egg shell zone.' The report notes that Taiwan has shown high growth rates driven by semiconductor exports, but ordinary young people bear the burden of high housing prices, low wages, and heavy living expenses. They can only live in the egg shell zone, stay with their parents, or even scramble to buy soon-to-expire bento boxes and fresh items from convenience stores, reducing them to 'beggar superheroes.' However, Taiwanese youth offer a different perspective on the 'beggar superhero' label, arguing that it is a pragmatic consumer choice and a unique kind of 'romance' in life for young people, and that the label should not be used solely negatively to interpret young people's flexibility and adaptability under limited resources.
South Korean media reports Taiwanese youth as 'beggar superheroes' in the 'egg shell zone.'
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