U.S. Senator: If Powell Is Fired by Trump, It Will Trigger a Market Collapse

Micron CEO Sanjay Mehrotra stated during an earnings call held early this morning that, “In the robotics sector, ongoing advances in simulation, foundation models, and integrated software-hardware technology stacks are accelerating the development of Physical AI. This is creating a growing and substantial opportunity for high-bandwidth, low-power memory and storage devices, as these technologies underpin real-time perception, reasoning, and control. Humanoid robots carry 10 times more storage capacity than the average L2+ class vehicle. We anticipate a sustained, sizable multi-decade storage demand cycle will begin in the latter part of this decade.”

BiyaPay Launches World Cup Carnival Campaign. During the campaign period, users can enjoy zero-fee transactions, and earn lottery entries by completing tasks including top-ups, transactions, friend referrals, and cross-border remittances, with prizes such as World Cup final box seats, exclusive VIP grand awards, and multiple campaign rewards up for grabs. All won rewards will be distributed in the form of blind boxes, automatically credited to users’ accounts after the lottery draw. The campaign ends at 23:59 (UTC+8) on July 10. BiyaPay stated that it aims to leverage the World Cup, a global sporting event, to bring richer interactive experiences to users, combine the event’s popularity with multi-asset allocation scenarios, and further expand users’ ways to participate in global market investments. For more details, please refer to BiyaPay’s official platform.

According to CNBC, fueled by surging AI demand, memory prices have continued to rise, pushing Micron Technology (MU) to a record-high profit margin, surpassing major U.S. tech firms including NVIDIA and Meta to claim the top spot among large-cap U.S. tech companies. Micron released its earnings report on Wednesday, showing its fiscal third-quarter gross margin rose to 84.9%, up from 74.9% in the prior quarter and far exceeding 39% in the year-ago period. This level outpaces Meta’s latest quarterly gross margin of 81.9% and NVIDIA’s 75%. Micron CFO Mark Murphy said on the earnings call: “The fiscal third-quarter gross margin more than doubled year-over-year, setting a new record for the company.” Net revenue for the quarter hit $41.46 billion, an increase of over $20 billion from the prior quarter (which had already been the company’s highest in its 48-year history), while net profit reached $28.24 billion, surging more than 100% from the previous record set in the prior quarter. As of Wednesday’s close, Micron’s stock has rallied over 700% in the past year, lifting its market cap above $1 trillion, and it added another 14% in after-hours trading. NVIDIA, AMD and Google all rely on Micron’s high-bandwidth memory for AI processors and related systems. The memory shortage has driven up prices, also pushing higher component costs for consumer electronics makers like Apple. Apple CEO Tim Cook previously said iPhones would need price hikes to address what he called an “unsustainable” memory situation. Micron CEO Sanjay Mehrotra noted the company is signing long-term strategic client agreements, some of which include price ranges, with floor prices that will enable Micron to generate strong profit margins far exceeding peak quarterly levels in past cycles. Micron projects its fiscal fourth-quarter gross margin will be around 86%, and forecasts tight market conditions will persist beyond 2027.

According to data from Farside Investors, U.S. spot Bitcoin ETFs recorded a total net outflow of $469 million yesterday. Among this, BlackRock’s IBIT saw a net outflow of $239.3 million, while FBTC posted a net outflow of $120.8 million. In the same period, U.S. spot Ethereum ETFs had a total net outflow of $30.3 million. Of that, BlackRock’s ETHA recorded a net outflow of $8.1 million, and FETH saw a net outflow of $15.7 million.

Sonic Labs announced in a post that its original token economic model set an annual inflation of 47,625,000 S tokens to support Sonic’s growth. The first such allocation was minted on June 18, 2025. This year, the planned inflation has not been executed, and the team is actively pushing to halt further increases to S’s total supply. The remaining unresolved issue is validator rewards, as the network requires funding for its own security, and the team is exploring relevant solutions. The decision directly responds to demands from the community and stakeholders, with more details to be shared as work advances.

According to Bitget data, the Nikkei 225 index surged 4.00% intraday and is now trading at 71986.36 points.