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Zhipu AI is considering developing its own AI chips to address the rapidly growing demand for its GLM models.

1 hours ago

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.

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A suspected address linked to CoinShares transferred 63,000 ETH to Coinbase.

According to monitoring by Lookonchain, a wallet possibly associated with CoinShares has deposited 63,000 ETH into Coinbase over the past 20 minutes, valued at approximately $111.56 million.

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Bitget PoolX will list project NES, with 620,000 NES unlocked from locked ETH.

According to official announcements, Bitget’s PoolX will list the project Nesa (NES). Users can lock ETH to split a total of 620,000 NES tokens, with an individual lock-up cap of 1,500 ETH. The lock-up window runs from 18:00 UTC+8 on July 8 to 18:00 UTC+8 on July 17. Additionally, users with a positive net ETH deposit during the event will receive a 4% ETH wealth management interest coupon after the event concludes; first-time PoolX participants who meet the net deposit requirement will get a 15% ETH interest coupon. Net deposit is calculated from 20:00 UTC+8 on July 7 to 20:00 UTC+8 on July 16. For more details, please refer to Bitget’s official platform.

7 minutes ago

Over the past hour, total liquidations of SPCX contracts across the network hit nearly $6 million, outpacing those of BTC and ETH over the same period.

According to Coinglass data, liquidations of SPCX contracts across the entire network totaled nearly $6 million in the past hour. Of this amount, $4.24 million came from the SPCX trading pair, and $1.6 million from the XYZ:SPCX pair. Notably, while U.S. tech stocks saw a "Black Tuesday," Bitcoin and the broader crypto market remained stable, with only $4.86 million in BTC liquidations and $4.35 million in ETH liquidations over the same period.

7 minutes ago

SPCX fell more than 5% intraday, with multiple Wall Street institutions issuing 'Buy' ratings and high target prices today.

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7 minutes ago

US chip stocks continue to slump, with Western Digital and SanDisk both falling over 10%.

According to market data from BIT (bit.com), U.S. chip stocks continued to decline during intraday trading, with the Nasdaq falling 1.35%. In the optical module sector, COHR dropped 7%, LITE fell 5.21%, AAOI declined 6.56%, NOK slipped 4.96%, and MRVL fell 9.07%. For the storage sector, STX dropped 7.92%, WDC declined 10.41%, SNDK fell 11.18%, and MU slipped 7.77%.

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US stock indices showed divergent trends: the Nasdaq 100 fell 1.5%, while the Dow Jones Industrial Average rose nearly 0.5% at one point, hitting a record high.

According to market data from BIT (bit.com), US stock indices are showing divergent trends: the Nasdaq 100 Index fell 1.5%, while the Dow Jones Industrial Average rose nearly 0.5% at one point to a record high.

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