Huang Renxun has left Beijing, and NVIDIA has not disclosed whether Huang Renxun met with the DeepSeek founder.

Independent Wall Street investment research firm Yardeni Research stated that the Federal Reserve should adopt a more hawkish policy stance, as current inflation risks outweigh concerns over slowing economic growth. The firm noted that U.S. consumer spending rose 3.3%, business investment increased 8.4%, and AI-driven capital expenditure continues to expand, indicating the economy remains strong with no signs requiring a significant easing of monetary policy. Market pricing is gradually aligning with the stance of Fed hawks. Inflation remains sticky, with services prices staying elevated, further supporting the Federal Reserve’s move toward a tighter policy stance.

ByteDance is in discussions to train a model with over 5 trillion parameters, which would surpass Alibaba’s Qwen3.8-Max (2.4 trillion parameters) and Moonshot AI’s K3 (2.8 trillion parameters), making it the largest known model by parameter scale in China. Generally, larger models tend to exhibit higher intelligence, though the plan remains in early stages and does not guarantee the final model will be launched. The new model will be led by Xiang Liang, head of SeedFoundation, in collaboration with Shen Ke, who oversees large language model (LLM) pre-training data. For this initiative, Seed is reorganizing its structure, clarifying responsibilities, and allocating resources. (LatePost)

According to its official page, Robinhood has listed CASHCAT.

Well-known crypto analyst Killa wrote that Bitcoin (BTC) rose at the start of the month as he had previously predicted, and is now approaching its "5th pivot point" — a timeline worth close attention. He noted that over the past year and a half, trading against the market’s dominant narrative during this period has repeatedly captured 3% to 4% counter-trend swings. If historical patterns hold, BTC may see partial de-risking after passing this pivot point. However, Killa warned that while prices fell as expected last time, BTC was in a complex consolidation range, so it did not form a smooth one-way downtrend, instead consolidating until the next pivot point. He added that historical biases still favor counter-trend trading, but the current market environment is complex, with both price structure and timeline being equally important.

Bitcoin mining firm Cipher Digital sold 1,619 bitcoins (BTC) for $123.4 million, confirming a $47.7 million loss. The company’s filed documents show interest expenses hit $66.7 million, while mining revenue stood at $24.8 million. As of the end of June, Cipher held 646 BTC worth $37.8 million. Quarterly mining revenue fell from $43.6 million in the same period last year, with a $23.5 million loss recorded in the second quarter.

US initial jobless claims for the week ending August 1 totaled 199,000, against the market consensus estimate of 202,000, while the prior week's figure was revised from 197,000 to 198,000.