CBS: U.S. Treasury Secretary and Trump Once Had Heated Debate on Tariff Policy

OpenAI CEO Sam Altman recently highlighted a "cool use case" for ChatGPT: helping families manage information, such as syncing family calendars, learning children’s interests, and generating a daily AI podcast about kids’ activities for parents to listen to during commutes. In a post on X, Altman noted that AI could organize content like a child’s same-day soccer game, upcoming birthdays, and related news to create personalized audio programs. The proposal has sparked widespread controversy, with some netizens criticizing: "Using AI to replace real human connection is the worst possible use case." Meanwhile, AI companies are accelerating their exploration of the home management market. Multiple AI home assistant products are already available, integrating emails, calendars, and to-do lists to help parents manage schedules, remind of birthdays, track bills, and handle household tasks. Investment firms are bullish on AI’s commercial potential in home scenarios. Analysis points out that roughly 85 million mothers in the U.S. control around $2.4 trillion in annual consumer spending; if AI can effectively reduce the burden of home management, it will hold massive market potential. Market research forecasts that the AI market in childcare and parenting could reach nearly $42 billion by 2035. However, how AI should engage with family dynamics and whether it will erode real human interaction remains a core point of industry debate.

After US President Donald Trump announced the cancellation of the planned military strike on Iran and stated that bilateral talks would resume on Monday, US stock futures rose on Monday, market risk appetite rebounded, and international oil prices plummeted. In pre-market trading, the Dow Jones Industrial Average futures gained approximately 535 points, or 1%; S&P 500 futures rose 0.6%, and Nasdaq 100 futures advanced 0.2%. In the energy market, expectations of easing tensions in the Middle East drove oil prices to fall sharply. Brent crude dropped 5.2% to $83.39 per barrel, while WTI crude futures slid 6.2% to $79.45 per barrel. US Treasury yields also moved lower, with the 10-year Treasury yield falling 6 basis points to 4.68%. Investors believe that the easing of conflicts may reduce inflationary pressure stemming from rising energy prices. However, market institutions warn that investors should remain cautious. Adam Crisafulli, founder of Vital Knowledge, noted that similar diplomatic turning points have emerged before, and there remains uncertainty over the final resolution of the conflict. This week, the market will focus on US employment data, with the July non-farm payrolls report scheduled for release on Friday. FactSet forecasts that the US will add around 87,500 non-farm jobs in July, up from 57,000 in June, while the unemployment rate is expected to rise from 4.2% to 4.3%.

Crypto custody firm BitGo has announced the launch of its new platform, BitGo Link, enabling institutional clients to connect centralized exchange accounts including Coinbase, Kraken, and Crypto.com to the BitGo system for unified digital asset management. BitGo noted that Link is designed to provide institutional treasury teams with a single interface to view and manage assets held on BitGo’s custody platform and external exchanges in real time, supporting direct asset transfers for cross-platform portfolio rebalancing, margin requirements, or seizing market opportunities. All transfer requests are processed via BitGo’s Policy Engine, with institutional users able to set additional permission controls to restrict fund usage. The platform also automates reconciliation of exchange records and tracks asset settlement status. BitGo CEO Mike Belshe stated that Link will serve as the "control center" for institutional trading and fund management, helping institutions achieve more efficient asset deployment across different markets and platforms. Built on BitGo’s existing Go Network, Link will expand to support more exchanges and add additional institutional treasury management features in the future, the firm added. Founded in 2013, BitGo is one of the leading U.S. crypto asset custody providers, with over $100 billion in assets under custody. The company went public in 2026 and had earlier secured conditional approval for a U.S. trust bank license. In June, BitGo laid off roughly 15% of its staff amid widened first-quarter net losses.

US-listed bitcoin miner American Bitcoin has released its Q2 financial results. Driven by growth in mining output, the company posted a record-high quarterly production, rising revenue, and a narrower net loss compared to the prior quarter. Data shows the firm mined 932 bitcoins in Q2, lifting mining revenue by 8% year-over-year to $67 million, up from $62.1 million in Q1. Its net loss stood at $57.2 million, a sharp drop from $81.8 million in Q1. American Bitcoin was co-founded by Eric Trump and Donald Trump Jr., and is affiliated with the Trump family. Majority ownership of the company is currently held by crypto mining firm Hut 8. As of June 30, the company held roughly 8,002 BTC, and had pledged around 3,090 BTC as part of an agreement with Bitmain for the purchase of mining rigs. Per data from Bitcoin Treasuries, American Bitcoin ranked 16th among global companies holding bitcoin reserves at the time. Earlier, after its share price fell below Nasdaq’s minimum bid requirements, American Bitcoin completed a 1-for-15 reverse stock split in July to retain its listing status. The company’s stock closed down 6.4% last Friday at $5.52, and saw a minor rise in pre-market trading following the earnings release.

Strategy sold 1,637 BTC last week, reducing its holdings to 842,138 BTC.

Per Bit.com market data, SpaceX’s US-listed stock dropped below $106 in pre-market trading, hitting a historic low of $105.64 before rebounding to $108.37. The pre-market decline stands at 2.06%, with its market capitalization falling to $1.43 trillion.