According to Odaily Planet Daily, Tether CEO Paolo Ardoino stated that large tech companies in the current AI industry are expanding their user base by subsidizing computing power, but this relies on high capital expenditure (CAPEX)-driven infrastructure expansion, with related assets typically depreciating rapidly within 3 to 5 years. Ardoino pointed out that this model is creating multiple structural mismatches, including: a mismatch between token price and real value, a mismatch between the profit cycle and the capital investment cycle, a mismatch between capital costs and debt maturity, and the trend of open-source AI continuously eroding revenue potential. Ardoino believes that under the combined pressure of these structural issues, industry risks are accumulating, and questioned, "What could go wrong in such a structure?"

According to Odaily Planet Daily, on-chain analyst Yu Jin reported that HYPE has rebounded from $60 to above $70 in recent days. An hour ago, a whale withdrew 212,500 HYPE (worth $15 million) from Morpho and transferred them all to Coinbase.

According to a recent analysis report by crypto analytics firm Nansen, as of the end of June, nearly one million investors had lost approximately $3.81 billion in investments in Trump-related memes. Nansen's analysis suggests that the token's trading mechanism allowed Trump to profit from both price fluctuations, as his earnings primarily came from transaction fees and continuous market activity. Furthermore, the repeated promotion of the token by the social platform Truth Social amplified trading volume. Data shows that during his 2024 campaign, Trump shifted from a "crypto skeptic" to embracing the commercialization of digital assets, and co-founded the crypto project World Liberty Financial with his children. The $WLFI token issued by this project also experienced a significant decline. Additionally, the Trump token, launched a few days before his inauguration, was described as a "speculative asset lacking practical use" and has already undergone a significant correction. (The New York Times)

According to Odaily Planet Daily, based on monitoring by on-chain analyst Yu Jin, amidst the continued correction in the crypto market, the overall market capitalization of USD stablecoins has decreased by approximately $10 billion from its previous high, currently hovering around $300 billion. Meanwhile, some funds are believed to have flowed into the US stock market, which has seen a stronger wealth effect this year. The latest quarterly data shows that leading stablecoins experienced varying degrees of outflows: Tether (USDT): Total supply decreased from approximately $189.8 billion to $184.1 billion, with a net outflow of approximately $5.7 billion. USD Coin (USDC): Total supply decreased from approximately $79.6 billion to $73 billion, with a net outflow of approximately $6.6 billion, making it the stablecoin with the largest outflow in this round. The performance of tokens related to Circle, the issuer of USDC, was under pressure, with its share price falling from approximately $136 to around $64, indicating a cooling of market expectations for its growth. In contrast, stablecoin USD1 recorded a net inflow of approximately $500 million during the same period, with its total supply increasing from approximately $4.1 billion to $4.6 billion, becoming one of the few assets to buck the trend. However, this growth is believed to rely on the interest rate subsidy incentive mechanisms of trading platforms, such as some exchanges guiding users' holding and trading behavior through activities.