Crypto Morning Brief: Visa Launches Stablecoin Platform, Moonshot AI Kimi K3 Now Available to Users
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Crypto Morning Brief: Visa Launches Stablecoin Platform, Moonshot AI Kimi K3 Now Available to Users
TSMC's second-quarter net profit was NT$706.6 billion, up 77.4% year-on-year.
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Visa Launches Stablecoin Platform, Plans to Open Stablecoin Services to Over 200 Million Merchants
According to Fortune, Visa announced the launch of the Visa Stablecoin Platform, providing banks and fintech companies with a stablecoin processing system that can be embedded into existing payment and treasury management processes, helping institutions manage stablecoin business within the existing Visa infrastructure.
Visa stated that it processes approximately $15 trillion in payments annually and has completed billions of dollars in stablecoin settlements; this time, it hopes to promote access to stablecoin services for its approximately 15,000 financial institution clients and over 200 million merchants through a more simplified platform.
The platform will initially support the stablecoin OUSD recently launched by the Open Standard Alliance, and complement stablecoins such as USD Coin and Global USD already supported by Visa.
Visa said the platform will integrate its existing stablecoin-related services, focusing on reducing technical complexity, making it easier for customers to incorporate stablecoins into payment settlement and capital flow systems.
Meanwhile, major payment companies such as Mastercard and American Express are also accelerating their layout around stablecoin infrastructure.
Injective Submits Transfer Agent Registration Application to U.S. SEC, Advancing Compliance Infrastructure Construction for On-Chain Securities Issuance
On July 16, Injective stated that it has submitted a transfer agent registration application to the U.S. Securities and Exchange Commission.
Transfer agents are responsible for maintaining official ownership records of securities and handling transfer changes; in traditional markets, this function is usually maintained offline by specialized institutions.
This application aims to migrate this core market function on-chain, making the token itself the ownership record, thereby enabling tokenized securities to be registered and transferred within seconds, reducing intermediary verification steps.
This application is part of a series of initiatives by Injective to promote institutional on-chain adoption; Injective also released the MiCAR white paper to expand business in a regulated manner within EU member states.
Fireworks AI Completes $1.5 Billion Financing, Led by Index Ventures and Others
According to CNBC, AI infrastructure startup Fireworks AI announced the completion of $1.5 billion in financing, with a latest valuation reaching $17.5 billion.
This round of financing was led by Atreides Management, Index Ventures, and TCV, with participation from institutions such as NVIDIA, Evantic, and Lightspeed Venture Partners.
Fireworks AI has previously received support from NVIDIA, mainly providing cloud running services for open-source AI models to developers, helping enterprises deploy artificial intelligence applications at lower costs.
The company disclosed that its platform currently processes approximately 40 trillion AI Tokens daily, and customers include enterprises such as Elastic, GitLab, and MongoDB.
Reports state that more than half of Fireworks AI's early revenue came from the AI programming tool Cursor, but the current customer structure has become diversified.
1inch Co-founder Anton Bukov Announces Departure from Team and Launches New Project Second Tier
On July 16, 1inch co-founder Anton Bukov announced his departure from the company's operational team and launched a new blockchain infrastructure project Second Tier.
According to disclosures, Bukov previously led the design of core architectures such as 1inch Router, Fusion, and cross-chain swaps, and stopped participating in 1inch daily operations at the end of November 2025 due to strategic direction and management disagreements, but still retains co-founder status and 50% equity.
The new project Second Tier is committed to building secure and efficient blockchain infrastructure, with the goal of shortening the distance between user "economic intent" and "final execution".
Moonshot AI Kimi K3 Has Started Providing Usage to Users
The Moonshot AI official website has updated the new model KIMI K3; after logging into the account, you can see two versions: K3·Max and K3 Cluster·Max, and the official side expects to formally announce it soon.
Previously, sources stated that the model parameter scale reaches 2 trillion to 3 trillion, and it will become the largest AI model in China to date; in terms of capability, it has approached the models developed by the leading U.S. artificial intelligence laboratory Anthropic.
This progress indicates that the gap between China and the U.S. in the field of most advanced artificial intelligence is constantly narrowing.
As the benchmarked party, Anthropic has not yet formally disclosed the specific parameter scale of its models.
However, industry insiders generally speculate that its Opus 4.8 model has approximately 1.5 trillion to 2 trillion parameters.
U.S. Senate Unanimously Passes Resolution Opposing Pardon for FTX Founder SBF
According to CoinDesk, the U.S. Senate passed a non-binding resolution with full votes on July 16 local time, clearly stating that FTX founder Sam Bankman-Fried (SBF) should not receive a presidential pardon or commutation under "any circumstances".
The resolution was jointly promoted by Republican Cynthia Lummis and Democrat Ruben Gallego of the Senate Banking Committee's Digital Asset Subcommittee.
SBF was found guilty of seven counts by a jury in November 2023, involving the FTX collapse event, with over $8 billion in U.S. customer funds damaged, and is expected to be released earliest in 2044.
Previously, President Trump has pardoned Binance founder Zhao Changpeng and Silk Road founder Ross Ulbricht, but stated no intention to pardon SBF.
Base Founder Jesse Pollak Posts Review: Focusing on Global Finance, 2026 Main Focus on Trading, Payments, and AI Agents
Base founder Jesse Pollak conducted a deep review on strategic mistakes over the past year.
He admitted that the previous bet on the social track (Farcaster, Zora, creator tokens, etc.) was misguided; the comprehensive collapse of the social market had a significant negative impact on Base, causing it to lag behind competitors in key tracks such as perpetual contracts and prediction markets.
Jesse stated that Base applications have been handed over to Coinbase, taken over by @cobie, and he himself is refocusing on the construction of the chain itself, and re-established the core direction—building Base into a global financial blockchain.
He clarified three major strategic priorities for 2026:
- Trading: Covering all asset classes such as tokenized stocks, Meme coins, application tokens, etc.
- Payments: Promoting the implementation of stablecoins for individuals and enterprises globally
- AI Agents: Accelerating the above two, as cryptocurrencies naturally fit AI and computer-native currency needs
Bank of Korea Raises Interest Rates for First Time in Three and a Half Years
On July 16, Bank of Korea raised interest rates by 25 basis points to 2.75%, the first rate hike since January 2023, in line with market expectations.
TSMC Q2 Net Profit 706.6 Billion NTD, Year-on-Year Growth 77.4%
On July 16, TSMC Q2 net profit reached 706.6 billion NTD, up 77.4% year-on-year; market expectation was 623.73 billion NTD.
TSMC Q2 gross margin 67.7%, market estimate 67.1%.
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JPMorgan Research Report Interpretation: AI Inference Sustains Servers, PCs Still Paying for Price Hikes
https://www.techflowpost.com/article/32593
JPMorgan significantly raised the global server shipment growth rate for 2026 to 2028; 2026 server shipment growth rate raised from 15% to 22%, 2027 from 8% to 25%.
The core driver is AI inference; enterprises implementing AI models into practical applications require a large number of inference servers.
The PC market in the first half of the year was better than expected, but that was the result of brands pulling goods before price hikes and Win10 replacement exhaustion; demand in the second half of the year remains fragile.
Supply bottlenecks are the real constraining factor.
CPU, substrates, memory, PCB, power devices, all are constrained.
BTC Leverage Has Entered Historical Extreme Range, CryptoQuant Analyst Warns "Deleveraging is a Mathematical Certainty"
https://www.techflowpost.com/article/32592
Latest data from CryptoQuant analyst Crazzyblockk shows that BTC exchange leverage deployment has entered the historical top 5% extreme range, with borrowed margin far exceeding spot liquidity.
Coupled with June ETF record outflow of $4.5 billion and the background of BTC falling from $126,000 to about $64,000 within the year, a violent deleveraging may just be a matter of time.
Ondo Accesses $114 Trillion DTCC Custody System, Tokenized Stocks "From Synthetic to Physical" $ONDO Token Welcomes New Positive News?
https://www.techflowpost.com/article/32582
Ondo Finance becomes the first crypto protocol to issue tokenized stocks based on DTCC tokenization services, with underlying assets upgraded from offshore SPV synthetic exposure to securities equity directly held by DTC.
Platform TVL broke through $1 billion within 8 months, occupying more than 70% market share of tokenized stocks.
But ONDO token is still a pure governance token, with no fee sharing mechanism, price fell more than 85% from historical highs, and 1.94 billion tokens still to be unlocked in January 2027.
The platform is growing larger, and the token is still waiting for a new opportunity.
Podcast Notes | Crypto Trader Taiki Maeda: Has Been Buying ZEC for the Past 2 Months, Bullish on HYPE and LIT
https://www.techflowpost.com/article/32580
Taiki Maeda is a trader who continuously outputs crypto investment research content on YouTube, preaching the Hyperliquid ecosystem repeatedly over the past two years.
In this video he did something many people dare not do: publicly admitted that he was hurt by Zcash last month, sold all positions near the low point during the early June Orchard pool vulnerability panic, went to Japan for honeymoon, and bought it back after returning.
More counter-intuitively, he is still continuously selling Bitcoin to add to Zcash positions.
His core logic is divided into three lines.
First, the market has entered a bottoming process; the real frenzy top was in July to August 2025 (BTC $125K, ETH $5K); October's $126K new high was "weak", did not trigger an altcoin season, and is not considered a real cycle top.
Second, the next wave growth engine for perpetual contract DEX tokens (HYPE, LIT) comes from the adoption of RWA perpetual contracts and traditional finance users, rather than crypto native players cutting each other.
Third, Saylor continuously sells BTC to fill STRK preferred stock dividends, coupled with quantum computing threats and Bitcoin developers' inaction, makes Bitcoin "increasingly difficult to support wholeheartedly".
Zcash's Ironwood upgrade (launching July 28) will achieve quantum safety and exclude vulnerabilities through formal verification; if ZEC/BTC exchange rate breaks 1% from the current 0.8%, it will trigger a narrative-level reflexivity cycle.
Quantum Computing Still Far From Cracking Elliptic Curve Cryptography
https://www.techflowpost.com/article/32579
Although theoretical progress has reduced the quantum hardware requirements needed to crack elliptic curve cryptography from 317 million physical qubits (2022) to 500,000 (2026), the number of qubits that current quantum computers can actually run algorithms on is only about 105, leaving a gap of several orders of magnitude from practical attacks.
This article breaks down what conditions are actually needed to crack ECC, and how far we are from that day.
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