Peter Brandt Considers Selling Part of His Bitcoin to Buy Gold

According to a report by The Information, Chinese AI firm Zhipu AI is considering developing its own AI chips. Sources familiar with the matter said that driven by rapid growth in demand for its GLM series of open-source AI models, coupled with intensified computing power constraints due to U.S. export controls, Zhipu AI is evaluating self-developed chip solutions. Headquartered in Beijing, Zhipu AI is one of China’s leading AI labs, and its GLM series of open-source models has garnered market attention. Three people directly briefed on the plans said Zhipu AI has recently held initial discussions with some Chinese chip design companies to explore the possibility of co-developing custom AI processors.

EDX Markets has announced the completion of a $76 million Series C funding round, led by SBI Holdings. A digital asset technology firm, EDX Markets operates an infrastructure combining institution-only trading venues with a central clearing platform. The capital will support the company’s continued growth, including expanding its trading, clearing and settlement capabilities, accelerating product development, and scaling its global business. As institutional participation in digital assets continues to rise, EDX aims to meet institutional demand for secure, efficient digital asset trading infrastructure. Earlier this year, EDX launched EDX FlowConnect?, a crypto-as-a-service solution that enables enterprises to securely roll out digital asset trading products for their clients. Most recently, EDX submitted an application to the U.S. Office of the Comptroller of the Currency (OCC) to establish EDX Trust, a proposed national trust bank that plans to offer regulated digital asset custody, clearing, settlement, and risk management services.

According to on-chain analyst Yu Jin Monitoring, three days ago, AKE tokens valued at roughly $1.22 million (3.944 billion units) were transferred by AKE’s market maker to Binance Alpha and sold off. AKE plummeted 40% that day, with its price sliding from $0.0005 to $0.0003. Over the past few hours today, AKE worth approximately $2.24 million (9.825 billion units) was further transferred by AKE’s market maker to Binance Alpha, accompanied by ongoing on-chain selling activity. As a result, AKE was dumped an additional 33%, falling from $0.0003 to $0.0002.

Goooo has secured a $2 million strategic investment from Cipher 9. The investment will support Goooo’s ongoing development in areas including prediction market aggregation, probability data integration, AI-powered intelligent analysis, and execution systems. This strategic investment from Cipher 9 will further strengthen Goooo’s resource backing for product R&D, market expansion, ecosystem partnerships, and global footprint, while also providing long-term impetus for Goooo’s subsequent advancement of prediction market infrastructure. Positioned as an AI-driven global prediction market aggregation and execution gateway, Goooo aims to connect global prediction markets, external data, probability information, and execution systems, delivering users an integrated prediction market experience spanning event discovery, probability comparison, and intelligent execution. Through multi-market aggregation, unified probability views, cross-platform comparison, and intelligent routing execution, Goooo is driving the prediction market sector from a fragmented platform structure toward a unified infrastructure network. This strategic investment from Cipher 9 signals that Goooo has entered a new development phase in its global prediction market infrastructure development.

Fed's John Williams noted that he expects continued strong investment in artificial intelligence, with relatively balanced risks to the labor market. The recent inflation outlook has grown more positive due to energy prices, he added. The path of monetary policy will hinge on data and risks, and the Fed is prepared to achieve its policy goals. (Jinshi)

According to a Wall Street Journal report, AI firms including OpenAI and Anthropic are offering large volumes of free computing credits and discounts to startups to compete for enterprise clients. Silicon Valley startup founders are receiving computing credits, token usage allowances, and bidding-style perks from AI model companies; some early-stage firms have received total cloud computing and token allowances exceeding $3 million, nearly matching the median U.S. seed round funding tracked by PitchBook. AI companies aim to acquire customers in startups’ early stages, so their tools become integral to these businesses as they grow. Cursor offered a 75% discount until July 5; Google Cloud provides up to $500,000 in cloud credits to some startups, plus early access to its Gemini model, and in some cases, support from DeepMind engineers. Microsoft and Amazon Web Services also offer special benefits to startups. OpenAI and Anthropic have particularly targeted Y Combinator startups lately. In May, Sam Altman announced OpenAI would provide each startup in the accelerator program with $2 million in token credits in exchange for equity. Around the same time, Anthropic raised its free allowance for YC startups from $30,000 to $500,000, with no equity requirement. OpenAI later adjusted its plan: it now offers $500,000 in free credits to startups (no equity required), plus an option to exchange equity for an additional $1.5 million in credits. These discounts reflect intense competition among model providers to secure future large-scale clients. Y Combinator runs four cohorts annually, each with around 200 companies recently, meaning OpenAI and Anthropic could collectively offer up to $800 million in AI credits over the next year. Christopher Acker, co-founder of SuperPenguin, said: “The AI world is being driven by OpenAI and Anthropic because they are giving startups money to cover their usage costs.”