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SpaceX receives its first "buy" ratings from global brokerages, with Morgan Stanley leading the pack with a target price of $300.
PANews reported on July 7th that, according to Jinshi, global brokerages have begun coverage research on Elon Musk's SpaceX (SPCX.O), and a preliminary consensus has been reached on Wall Street: buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have given it a buy rating, expressing optimism about its long-term growth prospects, despite remaining concerns about profitability and valuation. In a report dated July 7th, Morgan Stanley analysts stated, "SpaceX can convert energy into intelligence on a large scale and commercialize it through AI-driven consumer and enterprise solutions." Their target price is $300, currently the highest among Wall Street investment banks, implying an 87% upside from Monday's closing price of $160.42.
Liu Liehong: The release of industry data value has entered a new stage of in-depth advancement, and the National Data Administration will work with relevant departments to introduce targeted and specific measures.
Mars Finance reported on July 7th that Liu Liehong, Secretary of the Party Leadership Group and Director of the National Bureau of Data, attended and addressed the opening ceremony of the "2026 Global Digital Economy Conference" and the "Data Element Development Forum" held in Beijing from July 2nd to 3rd. Liu Liehong stated that with the implementation of the "531" work system, the potential of data elements is being released at an accelerated pace, and data circulation and utilization are showing new trends. First, the release of industry data value has entered a new stage of in-depth advancement. Enterprises should focus on the "three main battlefields" to realize their own value in deepening the circulation and utilization of industry data; local governments should focus on creating a strong data atmosphere to empower industrial transformation and promote high-quality economic development through data; the National Bureau of Data will work with relevant departments to introduce targeted and specific measures. Second, the solutions to key problems are becoming clearer. For example, adapting to the diverse data needs of artificial intelligence and solving the problems of "dispersed system construction, inconsistent standards, and difficulty in data sharing," the practice of using "technology empowerment" such as intelligent agent invocation to resolve the pain point of "data dispersion," and using "semantic unification" to solve the problem of "inconsistent formats" has begun to show results. Third, data empowerment for the innovative development of artificial intelligence is continuously deepening. On the supply side, we will accelerate the construction of a high-quality dataset supply system for the industry; on the circulation side, we will systematically optimize data usage rules and circulation models for artificial intelligence; on the application side, we will drive the data flywheel to accelerate through "analog-data resonance". (National Data Administration website)
Asset management giant Vanguard is hiring its first head of digital assets to evaluate strategies including tokenization and stablecoins.
PANews reported on July 8th that, according to Bitcoin Magazine, Vanguard, the world's second-largest asset manager (with approximately $12 trillion in assets under management), has created its first-ever Head of Digital Assets position, responsible for developing the company's long-term crypto and blockchain strategy. This role will evaluate areas such as tokenization, stablecoins, digital wallets, custody, and blockchain settlement, and determine whether Vanguard should build its own capabilities, partner with external entities, or postpone entry into certain markets. The position will involve developing multi-year roadmaps and designing governance and risk frameworks. Vanguard stated that this hiring does not indicate an upcoming launch of crypto products and that it currently has no plans to issue its own crypto investment vehicles.
Bitcoin breaks above 200-day moving average for first time since November
The BTC price reclaimed its 200-day moving average for the first time in nine months as its rally gained momentum after the US Treasury expanded its bond buybacks.
Chengbang Technology: First-half profit expected to reach 26 million yuan; semiconductor storage business revenue and net profit both saw significant year-on-year growth.
According to Mars Finance, Chengbang Co., Ltd. (603316.SH) announced that it expects its net profit attributable to shareholders of the listed company for the first half of 2026 to be 26 million yuan, turning a loss into a profit year-on-year. The company's semiconductor storage business accounts for over 70% of its revenue and is its core business. During the reporting period, relying on the favorable global semiconductor storage market, the company's semiconductor storage business revenue and net profit increased significantly compared to the first half of 2025, showing improved profitability, but the absolute amount is still relatively small. Note: The company's Q2 net profit is estimated at 3 million yuan, and Q1 net profit at 23 million yuan. Based on this, Q2 net profit is expected to decrease by 89% quarter-on-quarter. (Cailian Press)
The U.S. SEC released a statement on its 2026 regulatory agenda: promoting the trading of tokenized securities and advancing the development of crypto rules.
According to Odaily Odaily, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins released a statement regarding the 2026 regulatory agenda, indicating that the SEC will continue to advance a series of regulatory reforms, including adapting the regulatory framework to the current market environment, actively embracing innovation and new technologies, implementing President Trump's goal of "making America the global crypto capital," promoting the launch of more crypto-related products in the U.S. market, establishing clear rules for crypto asset financing, and clarifying the on-chain custody of market participants and promoting on-chain tokenized securities trading. Regarding capital market reforms, the U.S. SEC will advance its "Make IPOs Great Again" initiative, which aims to encourage more companies to enter the public market by reforming information disclosure systems and reducing compliance costs for companies seeking to go public, while maintaining necessary investor protection measures.