According to BlockBeats, on July 1st, Serenity published an analysis stating that there is a clear divergence of opinion in the market regarding whether Meta Platforms is reducing capital expenditures (capex) due to "computing power surplus." Some argue that this claim is being over-interpreted, as the current situation is closer to "computing power shortage" rather than "overcapacity." Hyperscale cloud service providers like Google even adjusted their resource allocation to Meta in March of this year due to their own computing power constraints, and the consumption of resources by AI projects within Meta further exacerbates the supply and demand pressure.

Against this backdrop, Meta is believed to be forced to accelerate the signing of large, long-term contracts with emerging cloud infrastructure providers, such as CoreWeave and Nebius, with the total value of these contracts reportedly exceeding $48 billion. Even though Meta has some "redundant computing power," it is primarily using a "take-or-pay" model for commercial allocation rather than simply cutting investment. Overall, its investment in AI infrastructure is likely to continue to expand.

According to BlockBeats, on July 1st, Federal Reserve Chairman Warsh stated, "It's no secret that I expect the Fed's balance sheet to shrink." (Jinshi)

According to BlockBeats, on July 1st, according to on-chain analyst Ai Yi (@ai_9684xtpa), smart money that previously profited $4.15 million by going long on Hynix, Micron, and Intel has turned bearish for the first time.

Around 5:30 PM today, it opened a basket of short positions in Micron (MU), Hynix (SKHX), SanDisk (SNDK), Intel (INTC), and BTC, with a total open position of over $34.9 million. With the US stock market opening sharply lower, the position had already generated a floating profit of $1.742 million in just four hours.