Core Scientific and AMD Announce Infrastructure Partnership

According to official announcements, xStocks – the tokenized stock platform under Kraken’s parent company Payward – stated that following SpaceX and Bending Spoons, the third IPO offering on xStocks will be U.S. sandwich chain Jersey Mike’s. The brand currently operates over 3,300 locations, with annual sales reaching $4.3 billion. Its U.S. sales outpace Five Guys, and it is poised to become one of the largest restaurant industry IPOs in recent years. Users can submit subscription applications via Kraken.

The weekly change in U.S. ADP employment for the week ending July 11 came in at 15,000, versus the prior figure of 16,500. (Jinshi)

According to people familiar with the matter, Amazon is overhauling its artificial intelligence strategy, phasing out many in-house models, restructuring teams, and concentrating engineering resources on a new cutting-edge competitive initiative. The moves follow last week’s layoffs at Amazon’s General Artificial Intelligence (AGI) division and the shutdown of its AGI Lab — a research institute Amazon established in 2024 after poaching most of the team from AI startup Adept. This restructuring marks a refocus of Amazon’s AI strategy: instead of spreading resources across multiple text, image, and video models, the company is directing engineering talent and scarce computing resources to its highest-priority projects. Sources say Amazon has begun phasing out most of its in-house flagship Nova models, including the high-end Premier and Omni variants, the Reel video generation model, and the Canvas image generation model. The company is gradually shifting resources away from existing Nova models to a new cutting-edge model R&D program. Led by researcher Pieter Abbeel — who joined Amazon via the acquisition of AI robotics startup Covariant — this initiative, internally called "Edge Model Research" (abbreviated EMR), has become one of Amazon’s top priorities this year.

Atsuko Sato, owner of Kabosu—the Shiba Inu that inspired Dogecoin—has issued a statement clarifying that a series of CATE tokens circulating in the market recently have no connection to her. She said she only posted a single update on Instagram earlier, but the content was later used without authorization by others, who then issued fake tokens under her name to create the illusion of a link. She expressed regret over the incident, noting that some accounts involved in spreading related information even include users with significant influence on the X platform. Sato emphasized that the only project currently officially authorized by her to manage her intellectual property is Own The Doge. She explained that Own The Doge acquired the Doge NFT in 2021, launched the DOG token, and is responsible for organizing Doge Day events, supporting charity, and managing her IP. In 2025, the two parties collaborated to launch the COCORO token on the Base network. Proceeds from these projects will be used to care for her pet family members and support animal welfare initiatives run by withkabosu, she added. She called on the public to rely on official announcements, remain vigilant against any unauthorized projects or tokens issued under her name, and avoid falling for crypto asset projects unrelated to her.

，据彭博社报道，DCG 旗下加密货币交易平台 Luno 将在全球范围内裁减约 20% 的员工，作为公司重组计划的一部分。公司首席执行官 James Lanigan 证实了这一消息。Lanigan 在回应媒体提问时表示，此次重组将调整公司的业务布局，包括扩大其面向企业客户（B2B）业务，并根据当前市场环境削减成本。不过，他拒绝透露此次裁员涉及的具体员工人数。

CryptoQuant analyst Darkfost noted in a recent post that the volume of Bitcoin (BTC) holdings transferred by long-term holders to trading platforms has recently hit a high. Currently, long-term holders make up 5.1% of total Bitcoin inflows to these platforms — a figure near an all-time high, with only 2020 recording a higher rate, around 5.5%. This shift came after Bitcoin’s sharp price drop. As the metric relies on 90-day moving average data, it carries a degree of lag, meaning changes won’t immediately reflect the latest market developments. While the trend is likely to gradually stabilize going forward, current data shows long-term holders have clearly stepped up their trading activity recently.