Odaily reports that Moonshot AI's Kimi has informed investors to adjust its corporate structure and prepare for an IPO in Hong Kong, which could be completed in as soon as six months.

Odaily Planet Daily News: At the Science Frontier Forum of the 2026 World Artificial Intelligence Conference (WAIC), Turing Award winner Yoshua Bengio issued a warning via remote connection: "AI has both lowered the bar for causing harm and raised the ceiling of potential damage."

In recent years, this visionary "Godfather of AI" has been dedicated to addressing the security challenges posed by AI. The LawZero project led by Bengio is working to build protective systems capable of identifying and preventing harmful behaviors such as AI deception and self-preservation. The international AI safety report he spearheaded has also reached a consistent conclusion: current safety measures can no longer keep up with the explosive pace of AI capability development. (Tencent Technology)

Odaily reported that Robinhood is betting on the decentralized finance (DeFi) market by building its own blockchain, Robinhood Chain, aiming to bring over 10 million active users into the on-chain ecosystem. However, current trading activity on the network is still primarily driven by meme coin speculation, while the initial vision of tokenizing real-world assets (RWA) has yet to gain traction.

Trading volume on Robinhood Chain has seen rapid growth recently. On July 12, the chain’s 24-hour DEX trading volume reached approximately $878 million, briefly surpassing Coinbase’s Base and Ethereum to rank among the top in decentralized trading volume, sparking interest in the crypto community. However, Robinhood Chain is still in its early stages. Data shows:

1. On July 13, the chain’s perpetual contract trading volume was only about $5.9 million, while leading on-chain derivatives platform Hyperliquid recorded a trading volume of $8.9 billion during the same period;

2. Robinhood Chain’s bridged TVL is reported at around $734 million, but the actual on-chain total value locked (TVL) is approximately $211 million, with some assets remaining in wallets and not entering lending or yield protocols;

3. The market capitalization of tokenized RWA assets currently stands at just about $12.66 million.

Currently, most of the trading activity on Robinhood Chain comes from meme coins. The CASHCAT token, recently launched on the chain, surged over 2,100% in one week, reaching a market cap of $156 million at one point—12 times the size of the entire RWA market on the chain.

Robinhood stated that early on-chain activity is meeting expectations, with developers building out the ecosystem and users actively engaging with the network. The company emphasized that the long-term goal remains to bring real-world assets like stocks and ETFs on-chain, enabling services such as 24/7 trading and on-chain lending.

Analysts believe Robinhood Chain’s development trajectory mirrors the early stages of some new public chains: gaining initial traction through speculative trading before proving whether it can convert this into long-term users, a developer ecosystem, and real financial applications. The key going forward will be whether Robinhood can leverage its massive retail user base to transform the short-term meme coin frenzy into a sustainable on-chain financial ecosystem. (CoinDesk)

Odaily Planet Daily News According to Goldman Sachs' expectations, the U.S. stock market is set for another strong earnings season. Goldman Sachs anticipates that S&P 500 component company profits in the second quarter will surge 22% year-over-year, with AI infrastructure-related stocks contributing nearly 60% of the growth. Micron Technology and NVIDIA alone account for over 40% of the total. If realized, this would mark the second consecutive quarter with over 20% profit growth for the S&P 500. The Goldman Sachs report emphasizes that the current market focus is not on the performance of the tech giants themselves—given that AI spending by hyperscale cloud providers is already well-known—but rather on whether a broader set of companies across the supply chain can realize profitability from AI demand.

Odaily reports that Piero Cipollone, a member of the Executive Board of the European Central Bank (ECB), stated that the widespread adoption of stablecoins could weaken commercial banks' retail deposit base and alter the competitive landscape of the traditional banking system.

Speaking on Friday at the Italian Banking Cooperative Federation in Rome, Cipollone pointed out that digital payments are reshaping the banking industry while simultaneously increasing Europe's reliance on non-European payment infrastructure. Banks are already facing declining payment service fee income and loss of transaction data due to the rise of mobile payment service providers. As digital asset payment tools like stablecoins become more prevalent, commercial banks may face greater pressure from deposit outflows.

Cipollone stressed that the digital euro would help maintain the role of public money and ensure banks continue to participate in the payment ecosystem while meeting customers' evolving financial needs.

"The digital euro can both preserve the role of public money and ensure that banks maintain an important role in the payment system," Cipollone said.

This Tuesday, the ECB selected 36 payment service providers to participate in a 12-month pilot project for the digital euro, with participants including banks, fintech companies, and payment firms. The pilot is scheduled to launch in the second half of 2027 and aims to test the feasibility of a retail central bank digital currency (CBDC) operating in the eurozone.

The ECB previously stated that if relevant legislation and testing proceed smoothly, the digital euro could be officially launched as early as 2029. (Cointelegraph)

Odaily Odaily News Former White House Crypto and AI Director David Sacks posted on X, stating that the Chinese AI model Kimi K3 has topped the Frontier Code Arena front-end coding benchmark for the first time, and has reached or approached industry-leading levels in several other benchmark evaluations. This trend is noteworthy. While China's AI capabilities are rapidly improving, the US is mired in internal strife due to regulatory controversies. He criticized some US politicians and regulatory bodies for restricting new data center construction, increasing state-level regulatory requirements, and promoting the establishment of new federal agencies for pre-approval of frontier AI models.

David Sacks warned that if the US slows down innovation due to excessive regulation, it may lose its competitive edge in the global AI race. "The US won the internet era through permissionless innovation, and it can win the AI era the same way; otherwise, we will see our leading position gradually erode." While AI development still needs to address safety risks, regulation should be precise, not hinder technological innovation. His remarks have once again sparked discussion on AI regulation, computing infrastructure construction, and the competitive landscape between China and the US.