Chainalysis CEO told CNBC that North Korea is actively stealing Bitcoin to fund nuclear weapons development. （The Bitcoin Historian）

Andrej Karpathy responded to speculation about his resignation from Anthropic, stating that the rumors were false and explicitly stating that he did not resign.

[Galaxy Research Director: BIP-110 Signal Support Rate Will Fall Below the 55% Threshold] The Galaxy Research Director stated on the X platform that, based on the current growth rate, even if the recent acceleration continues, the BIP-110 signal support rate will still be more than 51 percentage points below the 55% mandatory threshold by the activation block.

Tony Pasquariello, head of hedge fund business at Goldman Sachs, said that the difficulty of operating the US stock market is extremely high, and suggested simplifying the investment portfolio. He is optimistic about the long-term allocation value of gold, believing that gold prices will receive support around $4000, and the global government debt burden will support the long-term logic. In terms of AI, the related credit supply reached $489 billion this year, and the market needs to confirm whether capital expenditures can be converted into revenue growth. In addition, with expectations of a Federal Reserve interest rate hike and intensified volatility in the US stock market due to the situation in Iran, Brent crude oil has risen 33% this month, and stock buybacks are expected to accelerate in August.

The Kobeissi Letter states that the total market value of global stock markets has risen to 137% of global GDP, approaching historical highs. Since April 2025, this proportion has cumulatively increased by 40 percentage points, comparable to the peak level during the Meme stock frenzy in 2021, which was around 120% before the 2008 financial crisis. This month, the total market value of the global stock market has risen to $166 trillion, of which the total market value of the US stock market is about $77 trillion, accounting for about 46% of the global total. AI has driven historic growth in the stock market.