Market News: Binance App Launches Up/Down Price Prediction Feature for Its Contract Trading Section

Meta has signed long-term flash memory supply agreements with SanDisk and memory supply deals with Samsung to expand its AI infrastructure. The company plans to deploy 7 gigawatts (GW) of computing power this year and double that capacity by 2027, making locking in memory and storage supplies critical amid the ongoing chip shortage.

Aave Labs has announced the launch of Stable Vaults, opening the product to third-party developers and enterprises. Stable Vaults convert on-chain variable lending yields into fixed yields, and automatically handle cross-chain liquidity management, asset rebalancing, and yield distribution, allowing enterprises to rapidly build stablecoin yield products. According to Aave Labs, the solution is already implemented in the Aave App, and is now available for integration by wallets, exchanges, neobanks, payment companies, and fintech enterprises, while also supporting connection to any ERC-4626 yield strategy.

Stripe-owned wallet infrastructure firm Privy has partnered with Solana infrastructure company Jito Labs to launch FullSend, a transaction certainty tool. The solution routes transactions directly to current and upcoming Solana block builders via Jito’s low-latency network, cutting transaction packing latency to 50 milliseconds (compared to at least 200 milliseconds for traditional methods), and provides MEV protection by default. The tool has been operating quietly in Privy wallets since January this year, processing millions of transactions in total with a 99.999% execution success rate.

US initial jobless claims for the week ended July 4 came in at 215,000, against expectations of 218,000, while the prior week’s figure was revised from 215,000 to 217,000.

Micron Technology plans to invest $3 billion to strengthen the U.S. domestic semiconductor supply chain.

According to Fortune, decentralized finance (DeFi) asset management and risk analytics firm Gauntlet has closed a $125 million funding round, exclusively backed by Japanese financial group SBI Holdings. The financing was completed in June this year, with the specific valuation undisclosed. This marks Gauntlet’s largest funding round since its founding in 2018, far outpacing its $24 million Series B round led by Ribbit Capital in 2022, which valued the company at $1 billion. Founded by former Wall Street quant trader Tarun Chitra, Gauntlet initially focused on providing stress testing and vulnerability analysis services for DeFi protocols. As DAO governance models declined, it gradually transitioned to a "treasury curation" business: using quantitative analysis to evaluate risks in yield strategies and assist institutional investors in managing digital asset allocations. Its current client roster includes asset management giant Apollo, Coinbase, and stablecoin issuer Circle.