Nomura Securities raised its target price for Lenovo Group (00992.HK) to HK$35 from HK$16 and reiterated its buy rating. According to Jin10, Nomura based the new target on a valuation of 20 times its forecast earnings per share for fiscal 2027, and said the target implies 46% upside. Nomura noted that in its previous Lenovo report published in May, it had already highlighted that momentum in the company’s general-purpose server business could exceed expectations by a wide margin. Despite Lenovo’s share price rising more than 100% since May, Nomura said it believes the outperformance could continue. It cited three reasons: the market has not fully priced in the potential of Lenovo’s server business; Nomura’s profit forecasts for fiscal 2027 and fiscal 2028 are now about 10% above market consensus; and Lenovo is undergoing a re-rating process, with key peer Dell (DELL.N) trading at a one-year forward price-to-earnings ratio of 30 times, which Nomura said creates room for Lenovo’s re-rating. Nomura also raised its profit forecasts for fiscal 2027 and fiscal 2028 by 12%.

Comcast Corp. said it plans to split its media and technology businesses, spinning off NBCUniversal and Sky into a separate publicly traded company, according to Bloomberg.

Four whale accounts opened long positions in Micron Technology (MU) on Hyperliquid on June 29, while only one large trader established a short position, indicating a broadly bullish tilt among large funds. According to BlockBeats On-chain Detection, Hyperinsight monitoring showed that three addresses built positions almost simultaneously in the afternoon. On-chain data indicated the three accounts had highly similar position structures, trading cadence, and funding sources, suggesting they may belong to the same trading entity using multiple addresses to split exposure. The three addresses reportedly each have historical win rates above 60% and are described as using a relatively steady trading style with controlled drawdowns. Since June, the three addresses have collectively realized about $1.8 million in profits. All three also received large capital injections in June, and two of the addresses became newly active within the past month, with closely aligned fund movements and trading behavior. The three addresses—0xf8a, 0xd5c, and 0xf2d—held MU long contracts with an average entry price of about $1,156 and a recent liquidation price of about $938. Combined, they held 9,027 MU contracts with a notional position size of about $10.3 million. As of publication, the positions showed an unrealized loss of about 15% amid a short-term pullback in MU.

Ethlabs, an independent nonprofit research and development organization backed by treasury firms including BitMine, responded to frequently asked questions one week after its formation. According to Foresight News, Ethlabs said it has not disclosed a specific fundraising amount, but stated that existing funding commitments can support operations for 2–3 years, including hiring. Ethlabs said it plans to continue raising funds rather than treating fundraising as a one-time effort. It added that its community round remains open and that it plans to close that round after announcing a new group of supporters. The organization said its donation address has been updated from eth-labs.eth to ethlabs.eth, and that both addresses can be used. On its work direction, Ethlabs said it is still determining specific milestones and a roadmap, but outlined three areas under consideration. In “Chain,” it cited core protocol work including scaling the L1 execution layer, blob scaling, and reducing time to finality and transaction inclusion. In “Platform,” it described a middle layer between the protocol and developers, including cross-chain interoperability, a block-building market, and an EVM roadmap. In “Growth,” it said it aims to promote adoption of technologies such as the Fast Confirmation Rule across major L2 networks and centralized exchanges. Ethlabs said the Fast Confirmation Rule could reduce Ethereum-to-L2 or exchange deposit times to seconds, but would require integration by each party. Regarding its relationship with the Ethereum Foundation, Ethlabs described the two as complementary and cooperative, adding that Ethereum does not belong to any single institution and that the Ethereum Foundation, client teams, core developers, L2s, wallets, and others are all essential components. Ethlabs said it serves as an additional supporting force. Explaining its nonprofit structure, Ethlabs said its funders are primarily major ETH holders and Ethereum builders and do not receive control over direction or influence over the roadmap in exchange for funding. It also said the need for ongoing fundraising can create accountability constraints for the team.

政府第一次成功地在商业 AI 模型和它的用户之间，插入了自己作为审批者的角色。

Nasdaq has accelerated its mechanism for including large initial public offerings, with SpaceX cited as a representative case, bringing forward passive allocation demand. According to Jin10, JPMorgan estimated that index fund rebalancing would generate about $4.3 billion in additional passive buying.

Coinbase CEO Brian Armstrong is becoming an increasingly influential figure in Washington after reportedly attending a high-profile Republican fundraising dinner hosted by US Vice President JD Vance.

Singapore's MAS has added Hyperliquid to its Investor Alert List, stating that the crypto trading platform is not licensed or authorised to operate in the country.

El Salvador has expanded its national Bitcoin treasury with the purchase of eight more BTC, bringing its total holdings to 7,696.37 Bitcoin as the country continues to accumulate the cryptocurrency despite scaling back parts of its landmark Bitcoin law.

SBI Holdings will acquire Japanese crypto exchange Bitbank for US$289 million, creating Japan's largest regulated crypto platform by assets under custody. The deal strengthens SBI's stablecoin strategy as consolidation accelerates in Japan's crypto market.

A new industry alliance is uniting technical experts, advocates and investors to lock down blockchain security — and take the fight straight to Capitol Hill.

稳定币监管仍然是全球监管框架中推进难度最大、协调需求最高的领域，未来也将继续成为国际监管合作的重要议题。

VISA,稳定币,加密IPO集体熄火 稳定币支付凭什么逆势狂奔？从Visa加码稳定币看加密赛道的分化逻辑 金色财经,稳定币支付凭什么逆势狂奔？

机器人已经在从事实际工作，随着它们变得越来越自主，加密货币最大的作用可能是为机器身份、支付、数据访问和所有权背后的枯燥基础设施提供动力。

Tether's USDT briefly surpassed Ethereum to become the world's second-largest cryptocurrency by market capitalization, underscoring a major shift in investor sentiment as traders increasingly rotate into stablecoins during the latest crypto market downturn.