Layer 2 Networks Divert and Dilute Revenue, ETF Funds Continuously Flow Out, Ethereum's Value Model Faces Unprecedented Challenges.

The faster something rises, the stronger the pull of gravity.

Operating profit reached $40.6 billion, up 18% year-over-year, with a profit margin of approximately 45%.

Recently, CertiK researchers discovered two security vulnerabilities (CVE-2026-0150, CVE-2026-0153) in the EdgeTPU. These vulnerabilities have been acknowledged by Google and included in the June 2026 Security Bulletin, with risk levels classified as High and Critical respectively.

Spot volume hits a new low since 2019, ETF and exchange flows completely stall: Bitcoin is "paid to wait".

The traditional financial trading volume of the six major CEXs remained low throughout 2025, but has surged sharply this year, with Binance, MEXC, and Bitget leading the way.

SK Hynix earnings missed expectations, triggering another猛烈 sell-off in Asian tech stocks, turning the market into a bloodbath.

Ethereum ETF Gobbles Up a Third of Inflows on Day One; The Price War for the $7.4 Trillion Giant Has Only Just Begun.

The "small essay" about the mass production of China's DUV lithography machines is not the root cause of the U.S. stock market decline.

当超大规模云厂商的算力订单积压从5,000亿美元涨到2万亿美元时，说这是泡沫需要更强的证据。

Looking ahead, there are no signs of weakening advertising demand. The real focal point is whether the intensity and pace of AI investment can be reined in.

A near-perfect earnings report was overshadowed by the market's pre-written "super-perfect" expectations.

A vault has a ceiling, but the economic system built upon it has no upper limit.

Axis, which raised $5 million in funding, has opened deposits, with total deposits exceeding $37 million.

Capital expenditure is not slowing down

The DS division captured 99% of the company's total profit, HBM4 has achieved mass production and took the lead in shipping HBM4E samples, fully reaping the benefits of the AI super cycle.