The buying sentiment in the U.S. market continues to improve, with the Coinbase Bitcoin premium index remaining positive for the ninth consecutive day.

According to data from Hypeflows, Hyperliquid currently holds a 10.9% share of the global perpetual contract market (including all centralized exchanges such as Binance, Bybit, and OKX) based on open interest, hitting an all-time high. Per HTX market data, HYPE is trading at $91.32, down 1.7% in the past 24 hours.

Jiang Zhuoer, founder of ViaBTC, stated in a post that after ZEC dropped to $1,445, Garrett Jin—previously the agent of the so-called "BTC OG insider whale"—shorted ZEC, sparking market speculation that he was deliberately creating a counterparty to draw retail investors into going long. Now that the "target" (his massive spot holdings) has disappeared after he revealed his large spot positions, his roughly 200,000 ZEC holdings (accounting for ~1% of total supply) could become potential selling pressure, leading to the conclusion that this round of ZEC rally may be nearing its end. Facing such a whale-manipulated coin, given the information disadvantage against the counterparty, he will not participate in trading it.

Beating AI News: Silicon Flow, a third-party AI inference infrastructure firm that converts computing power and models into directly callable token-based services, announced the completion of the second phase of its B+ round and C round financing. The company’s cumulative equity financing in 2026 has reached nearly 2.9 billion yuan, with the amounts of the two latest rounds undisclosed. Based on 2025 annual token throughput, Silicon Flow ranks fourth among all token suppliers in China, holding a mere 1.5% market share. The top three players—Volcano Engine, Alibaba Cloud, and Baidu Intelligent Cloud—hold 42.7%, 32.5%, and 11.8% respectively, together accounting for around 87% of the market. The latest round has a strong state-owned capital background, with new investors including China Internet Investment Fund, Guoxin Fund, China Mobile’s Chain Length Fund, and China Orient Asset Management International, while existing investors Yaotu Capital, Shengyi Capital, and Cathaya Capital made follow-on investments. Silicon Flow reported 2025 revenue of 55.33 million yuan, a net loss of 345 million yuan, and an overall gross margin of -24%. The company submitted an application to the Hong Kong Stock Exchange by the end of June, currently seeking a main board listing under Chapter 18C for pre-commercial companies. Beijing has recently released the country’s first provincial-level special policy on token economy, explicitly proposing to build a "world-class token factory" and listing key priorities including inference engines, model-chip adaptation, and heterogeneous computing power.

According to official announcements, Binance Wallet has launched a Pre-Access campaign powered by PancakeSwap, allowing users to gain indirect exposure to high-profile private companies via tokenization ahead of their potential IPOs. The service is accessible via Binance Wallet and operates on a fully on-chain, self-custody model, with its first project set to be announced soon. Users can increase their Pre-Access quotas by earning Alpha points, as well as through on-chain bStocks trading volume and holdings. All related assets are transacted on-chain in users’ own wallets, with full self-custody retained by the users. Binance Wallet noted that Pre-Access is just one part of its on-chain TradFi (Traditional Finance) initiative, adding that it will integrate products like Pre-Access and RWA (Real-World Assets) in the future to offer users a unified on-chain investment gateway. The platform stated that early investment opportunities, which were previously restricted by geography, wealth levels, and institutional status, are now gradually being opened up to retail users.

According to Farside's monitoring data, U.S. spot Bitcoin ETFs recorded a net inflow of $6.1 million this week, while U.S. spot Ethereum ETFs saw a net outflow of $140.6 million.

Beating AI News – A batch of internal documents has been unsealed in the copyright lawsuit between The New York Times and OpenAI, Microsoft. Microsoft Director of Applied Science Brent Hecht once described large-scale scraping of online content to train AI as "unprecedented, astonishing theft"—even potentially "the largest labor theft in human history." Former ChatGPT lead Nick Turley also stated that AI products pose an "existential threat" to publishers, essentially acting as content substitutes, with stronger models leading to higher substitution rates. Microsoft CEO Satya Nadella admitted in testimony that chatbots provide users with direct answers, reducing traffic to original content sources. Another internal Microsoft document dubs this model a "death spiral": AI siphons revenue from content creators, leading to a decline in high-quality content that ultimately harms the AI’s own training. Plaintiffs also cited internal Microsoft data showing that, compared to traditional Bing Search, Copilot drives 83% to 93% less click-through traffic to news sites like The New York Times. OpenAI and Microsoft continue to argue that using copyrighted content to train AI qualifies as fair use. Microsoft clarified that Hecht’s remarks were merely his personal views, not representative of the company’s stance, nor a legal conclusion on copyright issues.