Meituan claims its new LongCat-2.0 AI model reaches 1.6 trillion parameters using only domestic Chinese chips, avoiding Nvidia entirely. The move reflects how U.S. export controls are accelerating Chinese alternatives, though independent verification of the company’s benchmarks remains absent.
Schneider Electric is acquiring Norwegian AI software firm Cognite for $3.1 billion, Norway’s largest software exit ever, with Aker ASA receiving $1.48 billion. The deal signals industrial companies are rapidly closing the gap between physical infrastructure and intelligent software, compressing decade-long valuations into years.
MiCA’s July 1 deadline is forcing European crypto firms to choose: comply with strict EU licensing or relocate. Binance’s withdrawal from Greece signals the pressure is real, with Dubai emerging as the primary destination for companies unable to clear the regulatory bar.
Pump.fun has deprecated its Tokenized Agent launch mode, which enabled automated buyback mechanics that co-founder Alon Cohen said created “needless PVP” between competing tokens. The move follows a pattern of the platform removing features after they’re weaponized for extraction rather than genuine community building.
dYdX token has crashed 96% from its $4.53 peak in March 2024 and now trades near $0.16. The protocol’s 35% workforce cut in late 2024 reveals that its appchain migration strategy failed to generate sufficient revenue despite architectural soundness.
Empery Digital abandoned its Bitcoin treasury strategy after shareholder pressure forced massive coin sales during a market downturn. The Austin-based firm is now pivoting to AI data center real estate, investing $65 million in a Midwest industrial property conversion project.
ENS founder Nick Johnson used half the protocol’s voting power to unilaterally kill a Security Council renewal vote on June 30, 2026, deepening governance turmoil and prompting community members to declare the DAO “dead.” With a $350M treasury protected by just $20M in governance tokens, the move exposed critical vulnerabilities in the protocol’s security framework.
AWS launches Forward Deployed Engineering, a $1 billion unit embedding engineers directly in enterprise teams to build production AI systems in days rather than months. The program prioritizes deployment speed over model capability, targeting regulated sectors like government and financial services where data sovereignty creates friction.
Binance now lets institutional clients pledge collateral with federally chartered Anchorage Digital while trading without pre-funding accounts—the first crypto exchange to connect with Anchorage’s Atlas infrastructure. This triparty model keeps assets off Binance’s books, addressing post-FTX concerns about commingling client funds with exchange balance sheets.
Strike secured a full MiCA passport one day before the July 1 deadline, gaining access to all 27 EU member states. Binance withdrew its application after Greek regulators failed to approve it in time, now forced to restrict services in France, Italy, Poland, and Spain.