总额14.7亿美元加密期权今日交割，比特币实际波动率本周持续下降
Related
Xiling Information: Plans to jointly invest with Xinyun Data to establish a holding subsidiary and cooperate in the field of computing infrastructure operation.
According to Mars Finance, Xiling Information (300588.SZ) announced that it plans to jointly invest with Burqin County Xinyun Computing Technology Co., Ltd. to establish Xinjiang Xiling Xinyun Intelligent Computing Industry Development Co., Ltd., with a registered capital of 20 million yuan, of which Xiling will contribute 11 million yuan, holding 55% of the shares. The two parties have signed a "Cooperation Agreement" to cooperate in the field of computing infrastructure operation, including computing server leasing, computing service delivery, and the introduction of financial leasing. The joint venture aims to achieve a computing power consumption scale of no more than 256 high-performance servers and promote the construction of the AIToken platform. This agreement is a framework agreement, and specific cooperation matters are subject to uncertainty. (Cailian Press)
Trump will earn over $600 million from his Solana Meme cryptocurrency by 2025; Gillibrand reiterates calls for ethical reform of digital assets.
Odaily Odaily reports that Fox Business crypto reporter published an article on the X platform stating that following the release of President Trump's financial disclosure documents, Senator Gillibrand has reiterated his call for ethical reforms to ban presidents, members of Congress, and their spouses from issuing or sponsoring digital assets. The financial disclosure documents show that President Trump earned over $600 million from his Solana Meme coin in 2025. This announcement comes as Senator Gillibrand's long-standing advocacy for stronger ethical rules comes under increased scrutiny, following reports that his son has raised funds to launch a crypto derivatives exchange.
The European Parliament has called for a review of DeFi and NFT regulation, and a follow-up framework for MiCA has been put on the agenda.
PANews reported on July 8th that, according to a report by Crypto.news, members of the European Parliament on Tuesday adopted a policy position report, requesting the European Commission to review whether DeFi, staking, crypto lending, NFTs, and tokenized financial assets should be included in the subsequent regulation under the MiCA framework. The report does not amend existing laws or add new obligations, but sets priority directions for the next phase of crypto regulation. It also calls for consistency among member states, warning that differing national practices could weaken the EU's single market for digital assets. In May, the European Commission launched a public consultation on whether the MiCA should be extended to more crypto activities and whether to reconsider restrictions on interest-bearing stablecoins. The report takes a positive stance on tokenization and euro-denominated stablecoins, stating that unified implementation of rules would enhance the competitiveness of the European financial market.
Kraken's parent company wins $22 million arbitration case against auditing firm Mazars.
Odaily that Kraken's parent company, Payward, has won an arbitration against its former auditing firm, Mazars USA, with the arbitrator ruling that Mazars must pay Payward $22 million. Payward is currently seeking confirmation of the arbitration award and a final judgment from the Delaware Court of Chancery. The controversy stemmed from the peak of "Operation Choke Point 2.0" in 2022. Payward claims that Mazars abruptly withdrew from an audit of Kraken that was nearly complete, without finding any problems with the company, but this move damaged Kraken's reputation and forced it to spend years and significant legal fees clarifying its situation. Payward co-CEO Arjun Sethi stated that auditing is not a "gift" for crypto companies, but rather a critical infrastructure for maintaining trust with banks, licenses, counterparties, and regulators. An auditing firm withdrawing without finding anything negative leaves the company unjustly shrouded in suspicion. "Operation Choke Point 2.0" is the crypto industry's term for the regulatory pressure exerted during the Biden administration, referring to the informal pressure exerted by US regulators on banks to restrict services to crypto businesses after the FTX collapse. Sethi stated that the US FDIC sent at least 25 letters to 24 banks, demanding that they suspend or avoid expanding their crypto-related businesses. This ruling is also seen as a legal counterattack by the crypto industry against such regulatory pressure.
Zhipu plans to develop its own AI chip and has already contacted chip companies to accelerate efforts to address its computing power shortcomings.
According to sources familiar with the matter, Zhipu is evaluating the possibility of designing its own AI chip to address the rapidly growing demand for its GLM series of open-source large models and the shortage of computing resources caused by US export restrictions. Odaily has recently made preliminary contact with some Chinese chip design companies to explore cooperation in developing a customized AI processor optimized for its model operation scenarios. Zhipu is one of China's leading AI large-scale model companies, with its GLM series models attracting attention due to its open-source strategy and performance. As the application scale of large-scale models expands, high-performance computing resources have become a key bottleneck for AI companies. Developing its own chips is seen as a way to reduce dependence on external GPUs and improve computing efficiency. Currently, Zhipu AI has not yet made a final decision on whether to proceed with the chip project; the relevant plans are still in the early evaluation stage. (The Information)
Analysis: Bitcoin's 365-day Sharpe ratio has fallen to its lowest level since 2022, historically corresponding to multiple bear market bottoms.
According to BlockBeats, on July 6th, data from CryptoQuant showed that Bitcoin has fallen approximately 28% year-to-date, with its 365-day rolling Sharpe Ratio briefly dropping to around -21, its lowest level since the end of 2022, and currently remaining close to -20. The Sharpe Ratio measures an asset's risk-adjusted return. A negative value means investors are taking on higher volatility risk, but the actual return is lower than that of risk-free assets (such as 10-year US Treasury bonds). Given the current US Treasury yield of approximately 4.45%, this indicator reflects a significant deterioration in Bitcoin's risk-return performance over the past year. However, CryptoQuant points out that historically, a Sharpe Ratio falling to such an extreme negative value often indicates that market selling pressure is nearing exhaustion. Similar levels have appeared near the bottoms of the bear markets in 2015, 2019, and 2022, subsequently accompanied by the start of a new upward cycle for Bitcoin.