According to BlockBeats, on July 25, NVIDIA officially announced that SK Group and NVIDIA have expanded their long-term strategic partnership. The two companies plan to carry out an AI infrastructure cooperation project worth more than $500 billion, covering the construction of AI factories and the supply of next-generation AI memory chips.

Under the agreement, SK Telecom will build a 2 GW-scale AI cloud infrastructure based on NVIDIA's Vera Rubin architecture and DSX platform, with the first AI factory expected to go live in 2027. The project will integrate NVIDIA's accelerated computing, software, and partner technologies to provide computing power support for enterprise AI, agent AI, and physical AI applications.

Meanwhile, SK Hynix and NVIDIA have entered into a long-term AI storage cooperation agreement to jointly develop and optimize next-generation AI memory solutions, including HBM (High Bandwidth Memory), to meet the growing computing power demands of large model training, AI agents, and physical AI.

SK Group Chairman Chey Tae-won stated that competition in the AI era depends not only on AI application capabilities but also on the ability to "manufacture intelligence." SK will combine SK Hynix's AI storage technology with SK Telecom's AI infrastructure capabilities to jointly build a world-leading AI factory with NVIDIA.

Nvidia CEO Jensen Huang stated that South Korea possesses the key conditions to become a global AI powerhouse, including leading network, data center, and chip technologies. Nvidia will work with SK Group to promote the next phase of AI industry development in South Korea.

According to BlockBeats, on July 25, the Shenzhen Branch of the People's Bank of China, the Shenzhen Securities Regulatory Bureau, the Shenzhen Internet Information Office, and the Shenzhen Local Financial Regulatory Bureau jointly launched a special campaign to rectify online information in the financial sector, and issued a notice on a number of typical cases involving virtual currencies and illegal stock recommendation self-media accounts.

Several accounts were penalized for illegally publishing marketing and promotional information related to cryptocurrencies, including accounts such as "USDT Merchant Exchange Group," "Let's Play Cryptocurrencies Together," "Search for Bitcoin," "Micro-Pay Quick Exchange," and "Zhonglian Laojiu." These accounts are suspected of promoting cryptocurrency services to domestic users and inducing the public to participate in illegal financial activities related to cryptocurrencies.

According to the official statement, in accordance with the requirements of policies such as the "Notice on Further Preventing and Handling Risks Related to Virtual Currency," the aforementioned accounts that violated regulations have been permanently closed by the platform in accordance with the law and the agreement.

Shenzhen authorities stated that they will continue to strengthen the governance of online financial information, crack down on illegal and irregular activities such as virtual currency speculation and illegal stock recommendations, and maintain financial market order.

According to BlockBeats, on July 25, the US spot Ethereum ETF recorded a net outflow of $70.7 million, ending five consecutive trading days of inflows.

From July 17th to 24th, the Ethereum ETF saw a net inflow of $211.25 million. Although the inflow turned negative on Friday, the Ethereum ETF still achieved a weekly net inflow of $103.9 million by the end of the week, marking the third consecutive week of inflows. Since July, the Ethereum ETF has seen a cumulative net inflow of $337.74 million.

Bitcoin ETFs also saw outflows. The US spot Bitcoin ETF experienced a net outflow of $240.08 million on Friday, ending a seven-day streak of net inflows on Thursday. However, the Bitcoin ETF still recorded a net inflow of $103.9 million this week, bringing the cumulative net inflow for July to $233.96 million, marking the third consecutive week of inflows.

BTC is currently down to around $64,000, while ETH is trading at around $1,854, down from this week's high of $1,954.