Trump Family Crypto Firm Tied to Chinese AI Models US Government Called a Security Risk
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Polymarket traders estimate a 23% probability that the US will block public access to major Chinese AI models by the end of 2026.
According to Odaily Odaily, Polymarket traders estimate there is a 23% probability that the U.S. government will block public access to major Chinese AI models by December 31, 2026, through legislation, executive orders, export controls, or other formal actions. Several departments within the U.S. Department of Commerce have already banned employees from using Deepseek on work devices due to data security concerns, and Virginia, Texas, and New York have also imposed bans on Deepseek devices for their state employees. (Bitcoin.com News)
OCC approves Trump family crypto company for trust charter
The US financial regulator gave conditional approval for World Liberty Financial’s charter bid as ten Democrats signed onto a bill to “prevent corruption in banking applications.“
Crypto Group Warns Fed Could Use Banking Access to Squeeze Digital Asset Firms
The Blockchain Association is urging the Supreme Court to take up Custodia’s case, saying that broad Fed power over “master accounts” could be used to push crypto firms out of the banking system.
Some large-scale AI models in China are 90% cheaper than those in the US; Chinese AI's high cost-effectiveness is capturing the US market.
According to a report by CNBC on July 7th, influenced by the continued price increases of models from leading US AI vendors, Chinese AI large-scale models are rapidly expanding their application scale in US enterprises due to their cost-effectiveness advantage. Industry insiders point out that the performance of some leading open-source and open weighted models in China is currently about 6 to 9 months behind the technology of top-tier US models such as OpenAI and Anthropic, while the price is 60% to 90% lower, and they can cover the vast majority of routine AI tasks, thus gaining popularity among US enterprises. According to statistics from the AI model aggregation platform OpenRouter, since February 8th of this year, the proportion of Chinese AI models used by US enterprises has exceeded 30% weekly, reaching a peak of 46%; while the average proportion in the previous 12 months was 11%. Another industry statistic shows that in the first week of the launch of Zhipu's latest large-scale model GLM 5.2, the daily average number of word calls increased by 27 times and the number of customers increased by 80 times, making it the fastest-deployed model on the platform in 2026; US AI startup Lindy has significantly reduced costs after switching all its AI business to DeepSeek models, and expects to save millions of dollars within a few months. (CCTV Finance)
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)
ABTC, a Bitcoin mining company backed by the Trump family, increased its holdings by 500 BTC.
Odaily Odaily reports that American Bitcoin (ABTC), a Bitcoin mining company backed by the Trump family, has increased its holdings by 500 BTC, bringing its total Bitcoin holdings to 8,000. (BTCtreasuries)