NVIDIA is urgently sourcing Chinese AI base station suppliers, with plans to roll out edge computing power networking in the next two years.

Google DeepMind CEO Demis Hassabis announced early this morning that he is stepping down from day-to-day management roles, transitioning to DeepMind Chairman and taking on the role of Alphabet Chief Scientist. He will continue to oversee long-term AI research and lead drug discovery firm Isomorphic Labs. Gemini’s development and delivery will be fully handled by former DeepMind Chief Technology Officer Koray Kavukcuoglu, who will report directly to Alphabet CEO Sundar Pichai. On the same day, legendary engineer Jeff Dean announced his departure from Google, taking with him Sanjay Ghemawat, Oriol Vinyals and Quoc Le to co-found a company named Discovery Loop. The team aims to leverage AI to automate the full scientific research workflow: from question formulation, experiment design, execution to result evaluation. Google participated in the company’s seed round investment, will act as its cloud provider, and provide first-year computing power support. For this top research team that has decided to launch their own venture, Google chose not to force retention, instead maintaining capital, cloud service and research collaboration partnerships. According to market data from BIT (bit.com), the market reacted swiftly to the news. Alphabet’s stock price dropped more than 5% intraday, closing down 4.03% at the regular session close. It rose 0.57% in after-hours trading, trading at $364.49.

According to an official announcement, Upbit will launch CAP spot trading, supporting trading pairs with KRW, BTC, and USDT.

According to Bloomberg, Figma Inc. CEO Dylan Field has voluntarily waived approximately $46 million in company stock awards, a move aimed at restoring investor confidence amid concerns over disruption from artificial intelligence. In a filing submitted on Wednesday, Figma stated the waiver was voluntary and no replacement awards were issued. Field was originally scheduled to receive around 2.4 million Class B shares on July 1. Class B shares grant Field greater control over the company and can be converted at any time into Class A shares that trade publicly. On July 1, Class A shares closed at $19.49.

According to Bloomberg, Block Inc. raised its full-year 2026 profit guidance on Wednesday. The company’s quarterly results beat expectations, driven by growth in its two core businesses: Square and Cash App. The digital payments firm, led by Jack Dorsey, now projects 2026 gross profit of $12.5 billion, adjusted operating revenue of $3.5 billion, and adjusted diluted earnings per share of $4.02. All three metrics exceed Block’s prior guidance.

According to Bitget market data, South Korea's KOSPI index plunged 5.00% intraday, currently trading at 6265.99 points. SK Hynix fell 9.35%, and Samsung Electronics dropped 6.3%.

According to Lookonchain’s monitoring, the Ethereum Foundation’s grant wallet deposited 2.675 ETH (valued at approximately $5,070) to Kraken and transferred 578.38 ETH (worth around $1.08 million) to a new Gnosis Safe Proxy wallet 12 hours ago.