JPMorgan: Open-source weight commercialization shows 'winner-takes-all' phenomenon; Zhipu AI’s target price raised to HK$2,000, MiniMax’s target price cut to HK$300.

According to Israeli media outlet Walla, the Israel Defense Forces (IDF) and the U.S. Central Command (CENTCOM) held a meeting on Iran-related matters, with Israel preparing for a possible resumption of hostilities with Iran. (Source: Jinshi)

According to Hyperinsight monitoring, the address starting with 0xec4 opened a 20x leveraged long Brent crude oil position two days ago, then added a large 30x leveraged Nasdaq 100 (XYZ100) short position roughly one hour before Trump’s Middle East remarks triggered market volatility, finalizing the setup. Afterward, oil prices surged and risk assets came under pressure, with both positions realizing floating gains simultaneously. As of press time, the combined floating profit from the address’s two high-leverage positions stands at roughly $510,000. The Brent crude long position has returned 189%, while the Nasdaq 100 short position has gained 37%. Entry timelines: July 6 afternoon: Opened a 20x leveraged long Brent crude oil (BRENTOIL) position; July 7 evening: Initiated a base position of Nasdaq 100 mapped contracts (XYZ100) with 30x leverage, totaling ~200 contracts; This afternoon (about one hour ahead of the remarks): Significantly added to the short position, pushing XYZ100 shorts to 600 contracts, valued at ~$17.304 million, completing the setup just before the news broke. On the news front, Trump’s latest comments indicated that the temporary U.S.-Iran ceasefire arrangements may have ended, leading the market to reprice Middle East geopolitical risk premiums. Reports show crude oil futures jumped roughly 5% immediately following the remarks. Current core positions: Brent crude oil (BRENTOIL) long: 50,000 contracts, worth ~$3.915 million, average entry price $71.8645, liquidation price $37.26, floating profit ~$322,000; Nasdaq 100 mapped contracts (XYZ100) short: 600 contracts, worth ~$17.304 million, average entry price $29,108.44, liquidation price $32,119.96, floating profit ~$161,000. Separately, Hyperinsight monitoring notes that this address (goooofy) previously earned over $420,000 with a 100% win rate on Polymarket’s "Will Trump Strike Iran" prediction market.

US President Donald Trump said the temporary ceasefire agreement he reached with Iran has ended, raising the risk of renewed military conflict between the two nations. Speaking at NATO’s annual summit on Wednesday, Trump stated: “For me, I think it’s over. As far as I’m concerned, it’s just a waste of time.” Reports note that Trump’s remarks came shortly after the U.S. launched a new round of strikes against Iran and revoked waivers that had allowed Iranian oil sales. The moves, in response to recent attacks on vessels in the Strait of Hormuz, have sparked new volatility in energy markets and further strained the already fragile peace between Washington and Tehran. Affected by the news, data from Bitget shows that both WTI and Brent crude oil rose more than 3% on the day, trading at $74.18 and $78.08 per barrel respectively. Spot gold fell 1.22% to $4,056.44 per ounce, while spot silver dropped 3.00% to $58.18 per ounce. According to market data from BIT (bit.com), Nasdaq 100 futures extended losses to 1.5% to hit a four-week low. Dow Jones futures fell 1.27%, and S&P 500 futures dropped 0.98%.

UBS analysts stated that Elon Musk’s SpaceX has a business model enabling it to seize opportunities in the space, connectivity, and artificial intelligence sectors. The bank initiated coverage on the stock, assigning a buy rating and setting a target price of $210. “We view SpaceX as an unmatched set of assets that offers multiple upside drivers for long-term investors with risk tolerance,” the UBS analysts said. They added that scaling up its Starship launch vehicle will allow SpaceX to unlock opportunities in the space, communications, and AI sectors, whose total potential market is nearly $30 trillion. (Source: Jin10)

According to market data from BIT (bit.com), U.S. semiconductor stocks were broadly lower in pre-market trading. Marvell Technology (MRVL) fell 4.46%, Arm (ARM) dropped 3.51%, Intel (INTC) declined 3.47%, Lam Research (LRCX) fell 3.11%, and Applied Materials (AMAT) was down 2.85%. The storage sector led losses, with SanDisk (SNDK) down 5.59%, Micron Technology (MU) dropping 5.28%, Western Digital (WDC) falling 4.53%, and Seagate Technology (STX) declining 4.19%. Optical communication-related stocks also faced pressure: Astera Labs (ALAB) fell 4.57%, Applied Optoelectronics (AAOI) dropped 4.47%, Credo (CRDO) declined 4.42%, Corning (GLW) was down 4.22%, Ciena (CIEN) fell 3.69%, and Coherent (COHR) dropped 3.44%.

US President Trump said on the 8th at the NATO summit that he believes the US-Iran memorandum of understanding has "ended". (Xinhua News Agency)