'Bitcoin Is Burning': Red Team Turns to Chinese AI to Find Flaws
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Vana acquired the Memory team; an upgraded version of its application is now available for beta testing.
According to Foresight News , decentralized data network Vana has announced the acquisition of the Memory Protocol team, an open data protocol within the Base ecosystem. Jack Spallone, the head of Memory, has joined Vana to lead the integration of related technologies. The specific acquisition price was not disclosed. Simultaneously, an upgraded version of the Vana app has been launched for beta testing. This upgrade provides users with a personal data server deployed locally on their devices, controlled by the users themselves. It can connect to Spotify listening history, Ora sleep data, calendars, and cross-platform conversations, among other information. Data is stored locally, not on platform servers, and users can independently grant or revoke access permissions to third-party applications.
Analysis: To reduce costs, overseas developers are turning to Chinese AI models such as DeepSeek.
According to Odaily Odaily, as the cost of using AI continues to rise, more and more overseas startups and developers are adopting Chinese AI models such as DeepSeek, Alibaba, and Moonshot AI to reduce inference costs. Data shows that DeepSeek's share of AI traffic on the cloud platform Vercel has increased from less than 1% in May of this year to 17%. OpenRouter, an AI model aggregation platform, stated that DeepSeek's usage doubled in the first half of 2026, becoming the platform's most popular model. It also pointed out that the token usage share of Chinese open-source models, including those from Xiaomi, MiniMax, and Tencent, continues to rise, while the share of Google and OpenAI has declined. (Bloomberg)
Former OpenAI Chinese researcher Tian Yonglong joins Tencent Hunyuan team
According to Beating's monitoring, Tian Yonglong, a former member of the OpenAI technical team, has confirmed joining Tencent's Hunyuan team and will participate in the research and development of visual language models. Tian Yonglong graduated from Tsinghua University with a bachelor's degree and received his Ph.D. from MIT. He previously served as a senior research scientist at Google Research and Google DeepMind, primarily researching computer vision and generative models. This is another top-tier Chinese AI researcher recruited by Tencent Hunyuan, following the recruitment of Chief AI Scientist Yao Shunyu last December. Tencent recently launched the official version of the Hunyuan Hy3 model, led by Yao Shunyu, under an open-source license. With Tian Yonglong's addition, Tencent Hunyuan's talent pool in multimodal and visual model development will be further strengthened.
Polymarket sued over dispute over Strategy's sale of a Bitcoin prediction market.
According to Mars Finance, on July 7th, two plaintiffs filed a lawsuit against Polymarket, accusing it of breach of contract and deceptive conduct in a prediction market related to whether Strategy would sell Bitcoin by the end of May. According to the complaint filed on July 3rd in the New York State Supreme Court, plaintiffs William Wood and Thomas Bush named Polymarket, its CEO Shayne Coplan, Chief Marketing Officer Matthew Modabber, and other related entities and individuals as defendants. The complaint alleges that the two plaintiffs held a "Yes" position in a binary prediction market that asked whether Strategy would sell any Bitcoin holdings by May 31st. According to Strategy's Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), the company did sell 32 Bitcoins (BTC) between May 26th and 31st. However, the plaintiffs point out that Polymarket ultimately ruled the market "No." They stated that the platform added a clarification before settlement, effectively changing the criterion from "whether the sale was completed before May 31st" to "whether the sale was publicly confirmed before May 31st." Due to this change in criteria, although Strategy had sold Bitcoin within the deadline, the prediction market was ultimately ruled "no" on June 3rd via a UMA vote (the mechanism Polymarket uses to adjudicate disputed markets).
With key component prices soaring, PC manufacturers are accelerating the introduction of Chinese memory suppliers such as Changchun and Changxin to reduce costs.
According to a report by the Commercial Times, the soaring prices of key components such as memory and SSDs have significantly increased the cost pressure on equipping mainstream laptops with high-capacity storage. Chinese memory and storage components, with their price advantages, are gradually penetrating the PC supply chain. Brands including Lenovo, ASUS, MSI, Gigabyte, Acer, and even Apple are accelerating the certification, adoption, and platform calibration of related products. The report points out that Lenovo has expanded its use of Chinese components this year, and recently, flagship laptops equipped with Yangtze Memory Technologies (YMTC) SSDs have appeared on North American cross-border e-commerce platforms. Apple is also reportedly lobbying the US government to purchase CXMT memory to cope with rising prices. Among Taiwanese motherboard manufacturers, MSI recently announced that it has become the first to complete the verification and calibration of Changxin Memory's DDR5 chips in the AMD platform's DDR5-8000+. Gigabyte has also adopted Changxin Memory chips in some motherboard models. ASUS and Acer have introduced memory modules from mainland Chinese companies such as BIWIN through their own brand memory certification or OEM models. Industry analysts believe that although the short-term imbalance between memory supply and demand has prompted non-mainland Chinese brands to accelerate relevant certifications, Taiwanese brands still emphasize that their long-term contracted Korean manufacturers remain their main supply partners due to the limited production capacity of mainland Chinese manufacturers.
Opinion: Strategy's sale of BTC helps restore market confidence in STRC and reduces Bitcoin's short-term tail risk.
According to Mars Finance, on July 6th, Zach Pandl, Head of Research at Grayscale, stated that in his view, Strategy's sale of BTC was a necessary step to restore market confidence in STRC and its overall structure. Strategy's partial BTC sale last week further reduced the short-term tail risk of Bitcoin, and STRC is expected to continue its strong performance. Previously, it was reported that Strategy sold 3,588 Bitcoins last week, raising $216 million to pay dividends on its digital credit securities. As of July 5th, the company's Bitcoin reserves had decreased to 843,775, while it held $2.55 billion in US dollar reserves.