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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)
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-08 20:33

Report: TradeFi contract trading volume accounted for 11% of total contract trading volume in the first five months of 2026.

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07-08 20:31

The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.

According to Mars Finance, the legal team of the Bank of Korea has published a research paper titled "Regulatory Scheme for Foreign Remittance Transactions Targeting Stablecoins," proposing regulatory recommendations for large-scale stablecoin transactions. The paper, referencing current South Korean foreign exchange control regulations, proposes constraints on stablecoin transfers exceeding $10,000 between individuals, requiring such transactions to be conducted only between officially certified wallets, along with a pre-reporting mechanism. The institution acknowledges that there are technical obstacles to fully controlling unregistered wallets, but due to anti-money laundering compliance requirements, it is necessary to strengthen restrictions on large-scale cross-border stablecoin fund flows. South Korean regulators have previously repeatedly stated the need to improve the monitoring system for cross-border crypto asset transactions using non-custodial wallets; this paper further refines and implements the regulatory approach.

07-08 20:22

Gate responded to online rumors of user asset theft: An urgent investigation is underway, and preliminary assessments indicate it is an isolated incident.

According to Foresight News , Gate responded to online reports of user assets being stolen, stating that the incident shows the customer made a withdrawal between 3:00 PM and 4:00 PM on July 7th, and reported the loss to online customer service at 5:00 PM on July 8th. Gate has initiated an investigation, and the incident is currently under urgent investigation. Preliminary assessments indicate it is an isolated case, there are no system security vulnerabilities, and the website is operating normally. Preliminary investigations suggest this incident may be related to a leak of user information; the specific details are under investigation. Gate will disclose further details as soon as the investigation concludes.

07-08 20:19

Justin Sun has staked $430 million in Ethereum on Lido, yielding an annualized return of approximately $9.5 million.

According to Odaily Lens monitoring, Justin Sun Sun has been continuously staking ETH through Lido Finance. 23 hours ago, Justin Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total staked ETH on Lido to 247,436 stETH, currently valued at approximately $430.2 million. Data shows that since February 2023, this staking position has generated a total of 11,307 stETH staking profits, worth approximately $26.82 million. Based on the current profit level, Justin Sun position has an annualized return of approximately $9.5 million.

07-08 20:17

Guangdong: By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced.

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07-08 20:10

Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.

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