ETH quietly outperformed the broader US stock market, with its largest short seller 'pension-usdt.eth' suffering losses of $11.1 million.

Bank of America (BofA)’s latest investor survey reveals market sentiment toward AI capital expenditure is growing more nuanced. Most investors do not think the AI spending boom has peaked, and still expect this wave of expenditure to continue in the second half of the year. At the same time, concerns are rising over hyperscalers’ excessive spending pace, debt pressure and credit risks. The survey shows investors are not broadly betting on the end of the AI cycle. Instead, the market still believes large platforms including Microsoft, Amazon, Alphabet and Meta will keep expanding investments in data centers, GPUs and power infrastructure. The problem is that the pace of capital expenditure growth has become so fast that some investors are starting to worry about free cash flow, share repurchase capacity and balance sheet flexibility. Per BofA’s survey methodology, AI has evolved from a pure growth story to a capital discipline issue. Over the past two years, the market rewarded companies for heavy AI investments; now, investors are starting to question the return periods of these investments, depreciation pressures, and whether cloud providers will be forced into overbuilding amid competition.

ZTE Corporation's smartphone brand nubia announced that its first AI agent smartphone, the nubia NaviX Ultra equipped with Doubao Mobile Assistant, has made its official debut. (Jinshi)

The U.S. Trade Representative (USTR) said local time on the 15th that, pursuant to instructions from U.S. President Donald Trump, U.S. Trade Representative Greer is taking final action under Section 301 of the Trade Act of 1974 to impose a 25% tariff on certain Brazilian goods. The decision stems from a year-long USTR investigation, which found that certain measures taken by Brazil in areas including digital trade and electronic payment services, unfair preferential tariffs, interference in anti-corruption law enforcement, intellectual property protection, ethanol market access, and illegal deforestation constitute "unreasonable practices" that have imposed burdens or restrictions on the business activities of U.S. farmers, workers, innovative enterprises, and exporters. Greer stated: "Despite extensive negotiations between the U.S. and Brazil over the past year, these issues have not been resolved. The U.S. remains willing to continue negotiations with Brazil to address the long-standing problems identified in this investigation." The U.S. will exempt Brazilian beef and coffee from the new 25% tariffs imposed on certain Brazilian goods. (Jinshi)

According to Lookonchain’s monitoring, crypto whales continue to accumulate ETH. Approximately 9 hours ago, three newly created wallets withdrew 30,000 ETH from Coinbase Prime, totaling around $57.66 million.

The U.S. International Trade Commission (ITC) has voted to launch a Section 337 investigation targeting certain dynamic random-access memory (DRAM) devices, their downstream products, and components (II) (Investigation No. 337-TA-1511). The ITC will set the investigation’s termination date within 45 days of case filing. Unless vetoed by the U.S. Trade Representative (USTR) on policy grounds, the relief orders issued by the ITC in Section 337 cases take effect on the date of issuance and become final 60 days thereafter.

Tanzania’s central bank Governor Emmanuel Tutuba announced that the bank is accelerating the development of a digital asset regulatory framework, with relevant laws and regulations now in the final drafting stage. The framework will cover supervision of virtual assets including cryptocurrencies and stablecoins. Tutuba noted the initiative aims to strengthen investor protection—especially for young investors participating in the crypto market—while mitigating risks from money laundering, terrorist financing and other illegal activities, and enhancing the central bank’s regulatory oversight over the digital asset market.