A total of 41.8% of the circulating supply was destroyed; weekly agreement fees reached $7.2 million.
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Micron and General Motors have reached a strategic customer agreement for Micron to supply memory and storage platforms.
Odaily Odaily reports that Micron Technology ($MU) and General Motors ($GM) have announced a strategic customer agreement aimed at "ensuring a long-term, reliable supply of memory and storage platforms that are critical to GM's mass production and delivery."
SK Hynix is considering paying investment banks approximately 0.5% of the total funds raised in its ADR offering as underwriting fees.
According to a Bloomberg report citing sources familiar with the matter, SK Hynix Inc. is considering paying underwriting fees of approximately 0.5% of the total funds raised to investment banks involved in its US IPO. This deal is expected to be one of the largest stock offerings in history. The sources indicated that while SK Hynix has stated its intention to issue new shares representing up to 2.5% of the company's total share capital, the final offering size has not yet been determined, which will directly impact the underwriting fees received by the investment banks. In addition, SK Hynix may also pay additional discretionary bonuses to the participating investment banks on top of the base underwriting fees. The sources stated that discussions are ongoing, and the details of the final agreement are still subject to change. Click the original link below to join the Beating · Feishu AI news channel for 24/7 monitoring of global AI hot topics and news.
Lighter Token Economics Update: All future buybacks of LIT will be permanently burned to reduce the total supply.
PANews reported on July 1st that the Lighter protocol released a token economics update, announcing that all future LIT buybacks will be permanently burned to reduce the total LIT supply. The first burn will be implemented within weeks after the end of Q2. Since TGE, the protocol has used exchange revenue to programmatically buy back approximately 15.5 million LIT, representing about 6.3% of the circulating supply. Regarding staking, previously, staking rewards were supported by pre-TGE revenue; effective immediately, this will be supported by remaining ecosystem tokens. The target staking yield is 6% annualized, which, based on the current approximately 125 million LIT staked, will allocate approximately 7.5 million LIT annually from the remaining 250 million LIT. The protocol stated that future treasury management will balance four priorities: rewarding long-term stakers, continuously reducing supply through burning, reserving tokens for partnerships and growth initiatives, and maximizing long-term value for token holders.
Tom Lee’s Bitmine Buys Another $19 Million in Ethereum as Stash Nears 5% of Total Supply
The firm says it's 96% of the way to owning 5% of Ethereum's total supply, according to Chairman Tom Lee.
OLA Energy Signs Agreement to Acquire Total Energy's Ethiopian Downstream Business
Mars Finance reported on July 7th that OLA Energy Group, a pan-African energy network operator, announced it has signed a share purchase agreement with Total Energy to acquire the latter's entire downstream business in Ethiopia. The transaction is still subject to regulatory and administrative approvals from relevant Ethiopian authorities. (Wide Angle Observation)
Prior to the 2026 World Artificial Intelligence Conference, a total of 16.2 billion yuan in intended cooperation had been reached.
Mars Finance reports that the 2026 World Artificial Intelligence Conference and High-Level Meeting on Global Governance of Artificial Intelligence will be held in Shanghai from July 17th to 20th. At a press conference held in Shanghai on July 7th, it was announced that this year's conference has established a closed-loop service system covering pre-conference, during-conference, and post-conference phases. In terms of industry empowerment, 57 core scenarios have been implemented, resulting in intended cooperation agreements totaling 16.2 billion yuan. Regarding capital matchmaking, the conference has established a dedicated capital matchmaking zone, connecting over ten investment institutions and 200 professional investors. (Cailian Press)