Foreign media reports: Changxin Technology will disrupt the monopolistic landscape of the global storage industry.

Apple (AAPL.O) announced the launch of its "Apple Upgrade" program in the U.S., a new product leasing service for iPhone, Apple Watch, Mac, and iPad. The program offers 12-month and 24-month leasing options for iPhone and Apple Watch, while Mac and iPad are available with 24-month and 36-month terms. Monthly rental rates start at $17.99 for iPhone, $11.99 for Apple Watch, $24.99 for Mac, and $11.99 for iPad.

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins expressed optimism in an interview with CNBC that the U.S. Congress will support the passage of the CLARITY Act.

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.