A whale holding a 40x leveraged long Bitcoin position worth nearly $40 million was stopped out after just 18 hours.

U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.

According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.

Citrini analyst Jukan, citing the latest industry analysis from ZDNet Korea, notes that the AI semiconductor performance race is shifting from process miniaturization to advanced stacking technology, with 3D ICs—vertically integrating logic and memory—emerging as a key next-generation technology. Samsung Foundry has recently seen a sharp surge in inquiries for 3D ICs, with nearly every potential client asking about the technology. However, Jukan argues that 3D ICs are essentially custom DRAMs built to order, which fundamentally conflicts with the core business models of Samsung and SK Hynix, both relying on mass-producing standardized products. The two Korean giants are expected to limit their involvement to preliminary research and remain cautious about full commercialization. This structural hesitation opens an opportunity for niche players. China’s ChangXin Memory Technologies (CXMT), barred from entering the HBM market due to U.S. semiconductor restrictions, is leveraging 3D ICs as a differentiating breakthrough, choosing to target custom memory instead of competing head-on with Korean firms in the bulk DRAM segment. A South Korean semiconductor industry official stated that China has taken the lead in producing multiple 3D DRAM sample chips, and niche market players like CXMT and Winbond are likely to be the first to build this market. Analyst Jukan has also previously emphasized that NVIDIA’s CUDA moat is ending: the erosion of its software ecosystem barrier is occurring in tandem with the trend of 3D IC customization, and the next-generation AI memory competitive landscape may face a structural reshuffle.

According to EmberCN's monitoring, hackers involved in the AFX Trade breach have started converting ETH to BTC via cross-chain swap tool THORChain. AFX Trade's bridge was hacked on the 23rd, leading to the theft of 24.15 million USDC, which was subsequently swapped for 12,467.4 ETH. An hour ago, the hackers began cross-chain converting ETH to BTC via THORChain, with 655.4 ETH having been swapped for 18.86 BTC as of now.

According to NVIDIA’s official announcement, SK Group and NVIDIA have announced an expansion of their long-term strategic partnership, planning to launch an AI infrastructure collaboration project worth over $500 billion, covering AI factory construction and next-generation AI memory chip supply. Under the agreement, SK Telecom will build a 2 GW-level AI cloud infrastructure based on NVIDIA’s Vera Rubin architecture and DSX platform, with the first AI factory expected to go live in 2027. The project will integrate NVIDIA’s accelerated computing, software, and partner technologies to provide computing power support for enterprise AI, agent AI, and physical AI applications. Meanwhile, SK hynix has signed a long-term AI storage cooperation deal with NVIDIA, with both parties set to jointly develop and optimize next-generation AI memory solutions—including HBM (High Bandwidth Memory)—to meet the growing computing power demands of large model training, AI agents, and physical AI. SK Group Chairman Choi Tae-won stated that competition in the AI era depends not only on AI application capabilities but also on the ability to "produce intelligence". SK will combine SK hynix’s AI storage technology and SK Telecom’s AI infrastructure strengths to co-build a world-leading AI factory with NVIDIA. NVIDIA CEO Jensen Huang noted that South Korea has the key conditions to become a global AI powerhouse, including leading network, data center, and chip technologies. NVIDIA will work with SK Group to drive the next phase of South Korea’s AI industry development.

The People's Bank of China Shenzhen Branch, Shenzhen Securities Regulatory Bureau, Shenzhen Internet Information Office, and Shenzhen Local Financial Regulatory Bureau recently jointly launched a special rectification campaign on online information in the financial sector, and announced a number of typical cases of illegal self-media accounts involving virtual currency and illegal stock recommendation. Multiple accounts were dealt with for illegally publishing virtual currency-related marketing and promotional information, including accounts such as "USDT Merchant Exchange Group", "Gather to Play Virtual Currency", "Search Bitcoin", "WePay Quick Exchange", and "Zhonglian Laojiu". These accounts are suspected of promoting virtual currency services to domestic users and inducing the public to participate in illegal financial activities related to virtual currency. Authorities stated that in accordance with policy requirements such as the "Notice on Further Preventing and Dealing with Risks Related to Virtual Currency and Other Issues", the above-mentioned illegal accounts have been permanently closed by platforms in accordance with laws and regulations and relevant agreements. Shenzhen authorities said they will continue to strengthen the governance of online financial information, crack down on illegal and irregular activities such as virtual currency speculation and illegal stock recommendation, and maintain the order of the financial market.