7*24

Hot topic

Market

Activities

On July 29, according to The Information, Google (GOOG.O) disclosed last week that it has agreed to assume up to $44 billion in third-party data center lease payments in the event of tenant default. This figure is up from $6.5 billion as of the end of September, reflecting Google's efforts to provide companies like Anthropic with solutions to replace Nvidia's AI chips. It is reported that Google has taken on these commitments, known as "backup guarantees," to expand the scale of its TPU sales. Two sources revealed that Google made these commitments based on the consideration that revenue from TPU sales would exceed the financial obligations arising from guaranteeing leases for data centers housing these chips. One source stated that company executives are confident that this financial calculation is favorable for Alphabet. The report said that Alphabet has provided lease guarantees for a total of approximately 2.4 gigawatts of capacity across about ten projects. None of these projects are currently completed, meaning that Alphabet's guarantees have not yet taken effect.

[Google Reportedly Commits $44 Billion in Guarantees for Data Center Lease Projects]On July 29, according to The Information, Google (GOOG.O) disclosed last week that it has agreed to assume up to $44 billion in third-party data center lease payments in the event of tenant default. This figure is up from $6.5 billion as of the end of September, reflecting Google's efforts to provide companies like Anthropic with solutions to replace Nvidia's AI chips. It is reported that Google has taken on these commitments, known as "backup guarantees," to expand the scale of its TPU sales. Two sources revealed that Google made these commitments based on the consideration that revenue from TPU sales would exceed the financial obligations arising from guaranteeing leases for data centers housing these chips. One source stated that company executives are confident that this financial calculation is favorable for Alphabet. The report said that Alphabet has provided lease guarantees for a total of approximately 2.4 gigawatts of capacity across about ten projects. None of these projects are currently completed, meaning that Alphabet's guarantees have not yet taken effect.

Google Reportedly Commits $44 Billion in Guarantees for Data Center Lease Projects

On July 29, US President Trump held a closed-door meeting with visiting Ukrainian President Zelensky at the White House on the morning of the 28th. After the meeting, Zelensky stated that the two sides discussed Ukraine's production of interceptor missiles for the Patriot air defense system and the reinvigoration of the diplomatic process to end the Ukraine crisis.

[US, Ukraine Presidents Discuss Production of Patriot Interceptor Missiles at White House Meeting]On July 29, US President Trump held a closed-door meeting with visiting Ukrainian President Zelensky at the White House on the morning of the 28th. After the meeting, Zelensky stated that the two sides discussed Ukraine's production of interceptor missiles for the Patriot air defense system and the reinvigoration of the diplomatic process to end the Ukraine crisis.

US, Ukraine Presidents Discuss Production of Patriot Interceptor Missiles at White House Meeting

On July 29, OpenAI introduced two new transcription models in its API, GPT-Live-Transcribe and GPT-Transcribe. Both models can better understand context and more accurately transcribe real-world audio, covering various accents and languages, including phrases, numbers, technical terms, and speech in noisy background environments.

[OpenAI Introduces Two New Transcription Models in API]On July 29, OpenAI introduced two new transcription models in its API, GPT-Live-Transcribe and GPT-Transcribe. Both models can better understand context and more accurately transcribe real-world audio, covering various accents and languages, including phrases, numbers, technical terms, and speech in noisy background environments.

OpenAI Introduces Two New Transcription Models in API

On July 29, US President Donald Trump met with visiting Israeli Prime Minister Benjamin Netanyahu at the White House on the 28th local time. According to Israeli sources, the meeting lasted about an hour. The White House later issued a statement describing the talks as "positive and constructive." A senior official from the Israeli Prime Minister's Office revealed that the atmosphere was good, and the two leaders discussed a range of regional issues, with the Iran nuclear issue taking center stage. After the meeting, both sides reiterated their shared commitment to "prevent Iran from obtaining nuclear weapons" and exchanged views on strengthening US-Israeli alliance ties and expanding opportunities for cooperation in the Middle East.

[US-Israeli Leaders Meeting Focuses on Iran Nuclear Issue]On July 29, US President Donald Trump met with visiting Israeli Prime Minister Benjamin Netanyahu at the White House on the 28th local time. According to Israeli sources, the meeting lasted about an hour. The White House later issued a statement describing the talks as "positive and constructive." A senior official from the Israeli Prime Minister's Office revealed that the atmosphere was good, and the two leaders discussed a range of regional issues, with the Iran nuclear issue taking center stage. After the meeting, both sides reiterated their shared commitment to "prevent Iran from obtaining nuclear weapons" and exchanged views on strengthening US-Israeli alliance ties and expanding opportunities for cooperation in the Middle East.

US-Israeli Leaders Meeting Focuses on Iran Nuclear Issue

On July 29, US President Donald Trump met with visiting Israeli Prime Minister Benjamin Netanyahu at the White House on the 28th local time. According to Israeli sources, the meeting lasted about an hour. The White House later issued a statement describing the talks as "positive and constructive." A senior official from the Israeli Prime Minister's Office revealed that the atmosphere of the meeting was good, and the two leaders discussed a range of regional issues, with the Iran nuclear issue taking center stage. After the meeting, the US and Israel reiterated their joint commitment to "prevent Iran from obtaining nuclear weapons" and exchanged views on strengthening the US-Israel alliance and expanding opportunities for cooperation in the Middle East.

[US-Israel Leaders Meeting Focuses on Iran Nuclear Issue]On July 29, US President Donald Trump met with visiting Israeli Prime Minister Benjamin Netanyahu at the White House on the 28th local time. According to Israeli sources, the meeting lasted about an hour. The White House later issued a statement describing the talks as "positive and constructive." A senior official from the Israeli Prime Minister's Office revealed that the atmosphere of the meeting was good, and the two leaders discussed a range of regional issues, with the Iran nuclear issue taking center stage. After the meeting, the US and Israel reiterated their joint commitment to "prevent Iran from obtaining nuclear weapons" and exchanged views on strengthening the US-Israel alliance and expanding opportunities for cooperation in the Middle East.

US-Israel Leaders Meeting Focuses on Iran Nuclear Issue

On July 29, Strategy founder Michael Saylor stated that Bitcoin has gained market acceptance, but the biggest challenge for its future is not external competition but the internal erosion of consensus rules. He believes that Bitcoin's consensus rules are akin to a 'constitution,' defining property rights, scarcity, settlement mechanisms, and the boundaries of power. Any modification of these rules to benefit a specific group constitutes an infringement on the economic interests of all participants. He warned that Bitcoin has the potential to grow a hundredfold and become the infrastructure of global capital markets, but a single wrong rule change could harm future markets, technologies, and economic freedoms that have yet to emerge.

Saylor specifically cited proposals including BIP-110, arguing that by limiting valid paid transactions, introducing covenant mechanisms, or expanding block capacity, they essentially undermine the neutrality of the Bitcoin protocol. He noted that while these proposals differ in form, they all weaken block space scarcity, increase network bandwidth and verification costs, expand protocol complexity, and introduce new security risks. Additionally, weakening the fee market will affect miners' income as block rewards continue to halve, thereby compromising the long-term security of the Bitcoin network.

Furthermore, if one interest group can modify Bitcoin's rules through certain means, other groups will follow suit, leading to prolonged conflict in protocol governance, capital outflows, slowed innovation, and deteriorating network security. Saylor called for keeping Bitcoin's base layer simple, neutral, scarce, and secure, pushing innovation to the second layer and application layer, advancing development through voluntary adoption rather than frequent modification of the underlying protocol. He emphasized that protocol upgrades should be approached with extreme caution and only implemented when truly necessary to preserve the foundation for Bitcoin's long-term development.

[Michael Saylor: The Biggest Challenge for Bitcoin's Future Is Not External Competition but Internal Erosion of Consensus Rules]On July 29, Strategy founder Michael Saylor stated that Bitcoin has gained market acceptance, but the biggest challenge for its future is not external competition but the internal erosion of consensus rules. He believes that Bitcoin's consensus rules are akin to a 'constitution,' defining property rights, scarcity, settlement mechanisms, and the boundaries of power. Any modification of these rules to benefit a specific group constitutes an infringement on the economic interests of all participants. He warned that Bitcoin has the potential to grow a hundredfold and become the infrastructure of global capital markets, but a single wrong rule change could harm future markets, technologies, and economic freedoms that have yet to emerge.

Saylor specifically cited proposals including BIP-110, arguing that by limiting valid paid transactions, introducing covenant mechanisms, or expanding block capacity, they essentially undermine the neutrality of the Bitcoin protocol. He noted that while these proposals differ in form, they all weaken block space scarcity, increase network bandwidth and verification costs, expand protocol complexity, and introduce new security risks. Additionally, weakening the fee market will affect miners' income as block rewards continue to halve, thereby compromising the long-term security of the Bitcoin network.

Furthermore, if one interest group can modify Bitcoin's rules through certain means, other groups will follow suit, leading to prolonged conflict in protocol governance, capital outflows, slowed innovation, and deteriorating network security. Saylor called for keeping Bitcoin's base layer simple, neutral, scarce, and secure, pushing innovation to the second layer and application layer, advancing development through voluntary adoption rather than frequent modification of the underlying protocol. He emphasized that protocol upgrades should be approached with extreme caution and only implemented when truly necessary to preserve the foundation for Bitcoin's long-term development.

Michael Saylor: The Biggest Challenge for Bitcoin's Future Is Not External Competition but Internal Erosion of Consensus Rules

On July 29, xAI launched the Build model for Grok. The Grok Build model is in early beta testing and is aimed at SuperGrok Heavy super subscribers.

[xAI launches Build model for Grok]On July 29, xAI launched the Build model for Grok. The Grok Build model is in early beta testing and is aimed at SuperGrok Heavy super subscribers.

xAI launches Build model for Grok

On July 29, US-listed cryptocurrency concept stocks broadly declined, with: CRCL down 1.98%, MARA down 4.59%, COIN down 1.04%, BMNR down 0.98%, MSTR down 1.33%, RIOT down nearly 4.65%.

[US-listed cryptocurrency concept stocks broadly decline]On July 29, US-listed cryptocurrency concept stocks broadly declined, with: CRCL down 1.98%, MARA down 4.59%, COIN down 1.04%, BMNR down 0.98%, MSTR down 1.33%, RIOT down nearly 4.65%.

US-listed cryptocurrency concept stocks broadly decline

On July 29, Tom Lee, chairman of Bitmine, the largest treasury company on Ethereum, said in an interview with CNBC that the cryptocurrency market has 'bottomed out'.

[Tom Lee: Cryptocurrency market has 'bottomed out']On July 29, Tom Lee, chairman of Bitmine, the largest treasury company on Ethereum, said in an interview with CNBC that the cryptocurrency market has 'bottomed out'.

Tom Lee: Cryptocurrency market has 'bottomed out'

On July 22, Crypto Quant analyst Axel Adler Jr stated that Bitcoin has recently entered a low-volatility compression phase, with the 30-day moving average of 1-week actual volatility dropping to 28.3, a decrease of approximately 31% from the peak of 41.6 on June 25, and falling to about the 8th percentile of historical distribution since 2016, meaning that 92% of past trading days had higher volatility than the current level. Meanwhile, the 30-day momentum of Bitcoin's open interest (OI) relative to market capitalization has been negative for 21 consecutive days, indicating that market leverage is continuously declining rather than accumulating in a low-volatility environment. The current price has rebounded about 11.4% from the June low, but this has not been accompanied by an expansion in derivatives positions, reducing the risk of a large-scale liquidation cascade. However, Bitcoin remains below the 200-day moving average of $72,666. If volatility rises above 35 again but the price still fails to stand above the long-term moving average, it may increase downside risk.

[Analysis: Bitcoin Volatility Hits Lowest Since 2016 as Leverage Exits Reduce Liquidation Risk]On July 22, Crypto Quant analyst Axel Adler Jr stated that Bitcoin has recently entered a low-volatility compression phase, with the 30-day moving average of 1-week actual volatility dropping to 28.3, a decrease of approximately 31% from the peak of 41.6 on June 25, and falling to about the 8th percentile of historical distribution since 2016, meaning that 92% of past trading days had higher volatility than the current level. Meanwhile, the 30-day momentum of Bitcoin's open interest (OI) relative to market capitalization has been negative for 21 consecutive days, indicating that market leverage is continuously declining rather than accumulating in a low-volatility environment. The current price has rebounded about 11.4% from the June low, but this has not been accompanied by an expansion in derivatives positions, reducing the risk of a large-scale liquidation cascade. However, Bitcoin remains below the 200-day moving average of $72,666. If volatility rises above 35 again but the price still fails to stand above the long-term moving average, it may increase downside risk.

Analysis: Bitcoin Volatility Hits Lowest Since 2016 as Leverage Exits Reduce Liquidation Risk

Claude's Major New Feature: Screen Recording + Voice, Distilling Your Skills into AI Tasks in One Click

Gate Research Institute: The 'Wall Street-ization' Wave of Crypto Financial Products – Competition or Integration?

BIT Trading Moment: BTC Still Suppressed by Weekly 200 EMA, Rejection May Restart Decline; Storage and Semiconductors that Surged Last Night Begin Falling in Evening Trading

BUILDon loses 15% as Futures activity cools down — Another decline incoming?

Is Bitcoin nearing another accumulation zone? THIS signal says yes

Pons V2 brings RWA trading pairs as Robinhood Chain broadens its ambitions

From OpenSea to OpenRouter: Is Alex Atallah Repeating His 'Exit at the Peak' Playbook?

2 Months, Valuation Soars from $8.8B to $68B! The Largest AI Model Hub OpenRouter May Be Acquired

Analysis: Bitcoin Volatility Hits Lowest Since 2016 as Leverage Exits Reduce Liquidation Risk

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

Related Articles

All Comments0LatestHot

Trending Topics

Related Articles