According to BlockBeats, on July 27, the Hyperliquid Policy Center (HPC) disclosed that it, together with Multicoin Capital, submitted a letter of opinion to the U.S. Commodity Futures Trading Commission (CFTC) in support of its proposed regulatory framework for prediction markets.

Both parties stated that the prediction market should be uniformly regulated by the CFTC as the sole federal regulatory body, rather than managed separately by individual states according to gambling regulations, in order to avoid market fragmentation. HPC and Multicoin believe that event contracts matched by trading platforms are fundamentally different from traditional gambling, and the former should be included in the financial market regulatory system.

The report recommends that the CFTC further clarify its event contract review standards, including adopting a judgment method based on contract settlement results and disclosing the specific reasons for each review decision, in order to improve regulatory transparency and provide stable expectations for market participants.

Hyperliquid stated that its platform already supports outcome-based on-chain contract trading, and the relevant market has grown rapidly since its launch in May, with open interest recently reaching an all-time high. All positions are settled through on-chain staking and clearing. Both parties believe that a clear and technology-neutral federal regulatory framework will promote the compliant development of on-chain prediction markets and derivatives markets.

According to BlockBeats, in an interview with The Economist on July 27, Musk stated that within the next five years, the level of artificial intelligence may surpass the total intelligence of all humans, and that Chinese AI companies are "very likely" to become global leaders in the future.

Musk stated that if Chinese AI companies gain access to substantial computing resources, their technological development could accelerate further. He believes that China currently possesses a significant advantage in power supply, and the core bottleneck in AI development is shifting from chips to power and cooling capabilities.

Musk pointed out that China's electricity generation has already exceeded the combined total of the United States, Europe, and India, and may even reach several times that of the United States in the future. He believes that the effect of the United States restricting China's AI development through export controls is limited, and if China solves the problems of advanced chip and lithography technologies, the global AI competition landscape may change further.

Furthermore, Musk predicts that AI will initially impact digital jobs such as software development, with AI programmers potentially surpassing 99% of software engineers in the future. However, he believes that the productivity gains brought about by AI may propel society from "universal basic income" to "universal high income," with work increasingly becoming a matter of interest and social activity.

According to BlockBeats, the following is a summary of important pre-market news for US stocks on July 27:

1. Rocket Lab (RKLB.O) has been awarded a $266 million missile defense contract with the U.S. Space Force.

2. AMD (AMD.O) will build an artificial intelligence research center in South Korea and create an open AI infrastructure ecosystem.

3. Apple's (AAPL.O) system status webpage indicates that the outages affecting all services, including the App Store, have been resolved.

4. NVIDIA (NVDA.O): Will form an open source AI alliance with partners and launch the NOOA open source project on GitHub, aiming to promote the safe development of artificial intelligence.

5. According to sources, Nvidia (NVDA.O) is in talks to provide approximately $250 billion in financial guarantees for OpenAI's Ohio data center project.

6. Dutch biotech company Argenx SE (ARGX.O) has agreed to acquire clinical-stage biopharmaceutical company Forte Biosciences (FBRX.O) for approximately $2.2 billion in cash to expand its portfolio of immunology drugs.

7. South Korean conglomerates have reached agreements with global tech giants, including Nvidia (NVDA.O), to undertake a series of collaborative projects worth a total of $950 billion.

8. Strategy has not increased its Bitcoin holdings for three consecutive weeks, and the company's dollar reserves have risen to $3.75 billion.

9. Bitmine added 9,946 ETH last week, bringing its total holdings to 5.7874 million ETH.

According to BlockBeats, on July 27, Bitmine announced that it purchased an additional 9,946 ETH last week, bringing its total holdings to 5.7874 million ETH as of July 26, representing approximately 4.8% of the total circulating supply of Ethereum.

Furthermore, Bitmine currently has 4.9172 million ETH staked, worth approximately $9.6 billion at current prices. The company disclosed that its total value of crypto assets, cash, and marketable securities is $11.8 billion.