Star Xu：比特币几度濒临“死亡”，危机过后行业更强大 OKX 创始人兼 CEO Star Xu @star_okx 在 New Era Finance Podcast @new_era_finance 的采访中回忆了比特币早期的分叉与算力攻击、Mt. Gox 倒闭、扩容路线分歧，以及后来的 FTX 事件。 他表示，比特币曾多次濒临“死亡”，行业也需要数月甚至一年来解决危机。但在他看来，每当问题得到解决，整个行业都会比以前更好、规模更大，也更强大。 来源：New Era Finance Podcast

Star Xu：Hyperliquid 的撮合引擎对做市商更友好 OKX 创始人 Star Xu @star_okx 在 New Era Finance Podcast @new_era_finance 中表示，Hyperliquid 与中心化订单簿交易所在技术上存在根本区别：中心化交易所逐笔处理订单，而 Hyperliquid 的链上撮合按区块进行，并在区块内优先处理撤单，使做市商能够先于吃单方撤回挂单。 他认为，这种对做市商友好的设计，是 Hyperliquid 的订单簿深度看起来优于不少中心化交易所的原因，也为长尾、低流动性资产提供了另一条路径。 来源：New Era Finance Podcast

Tom Lee：以太坊会惩罚那些缺乏耐心的投资者 2026 年 7 月 7 日，Tom Lee @fundstrat 在接受 New Era Finance Podcast 采访时表示，近期加密市场掉队主要受去杠杆化余波影响，资金流向了具备收益率的板块。在谈及如何在以太坊等资产价格回调时保持信念，他认为其基本面并未改变。 Tom Lee 以英伟达（Nvidia）在 160 美元长期盘整后三个月内暴涨两万亿美元为例，表示无论是股市还是加密市场，最终都会惩罚缺乏耐心的投资者，无法坚持的人往往才是真正的输家。 来源：New Era Finance Podcast

Star Xu：USDe 循环加杠杆如何引发“1011”连环清算？ OKX 创始人兼 CEO Star Xu @star_okx 在 New Era Finance Podcast @new_era_finance 中质疑币安将 USDe 作为稳定币推广的做法。他认为，Ethena 发行的 USDe 实质上是“代币化对冲基金”，即使采用 Delta 中性策略，也不意味着零风险或低风险。他进一步指出，币安允许用户以 USDe 为抵押借入 USDT，再换成 USDe，反复循环以放大收益，也同步放大了杠杆和风险敞口。在他看来，这种安排是“1011”连环清算的重要原因，属于严重的风控失误。 来源：New Era Finance Podcast

New Grad Jobs：美国 New Grad 与 Entry-Level 求职指南 找美国 New Grad 和 Entry-Level 岗位，可以先看这几个： -Simplify：科技岗为主，覆盖 SWE、AI、Quant、-Hardware。 -newgrad-jobs：美国、加拿大 Entry-Level 岗位。 -Zapply：更新快，但会混入 Intern 和部分非应届岗。 -ApplyGuy：偏美国 SWE，适合补充查漏。 准备投的时候，毕业时间、Experience、Remote 地区限制、Work Authorization 和 Sponsorship 这些都要对上哈。 👉

DA Davidson在美光财报后给出了2000的目标价，这应该是华尔街机构中给出的目标价中最高的。 DA Davidson认为美光已经进入一个全新的存储时代（New Era in Memory），未来几年盈利的可预测性（Visibility）将达到历史最佳，因此目标价从1500美元上调至2000美元，并维持买入BUY评级。

英伟达、 微软的 Windows、半导体 ARM、代工厂华硕，都发布了这个 A new era of PC 的推文，并定位在了台北音乐中心，这个地方将会召开主题发布会。 目前市场猜测，大概率是基于 ARM 的 N1X 笔记本电脑，如果这是真的，那就标志着英伟达进入 PC 处理器市场，与英特尔、AMD 形成新竞争。

LayerZero 发文表示，将逐步停止对 20 条低活跃链的链下支持，届时其 DVN 和 Executor 服务将不再可用。其中，Botanix 将于 7 月 30 日停止支持；Moonriver、Moonbeam、Nexera 和 Canto 于 7 月 31 日停止支持；EDU Chain、Meter、Shimmer、Cyber、Silicon、Sophon、Bitlayer、DFK Chain、Arbitrum Nova 和 DOS Chain 于 8 月 28 日停止支持；Aurora、Taiko、BounceBit、Japan Open Chain 和 LightLink 于 9 月 30 日停止支持。 此外，Stargate v2 将分别停止支持 Botanix、EDU Chain、Aurora、Taiko 和 LightLink。LayerZero 提醒，持有相关 Stargate Pool 或 Stargate Hydra 资产的用户，应在生效日期前将资产跨链至仍受支持的网络，否则可能失去对资金的访问权限。

#为什么是中国# #WhyChina# The Global Logic of China's Economic Growth in the First Half of 2026: A 4.7% GDP Increase 2026年上半年GDP增长4.7%：中国经济增长的全球逻辑 According to the latest semi-annual report, China's gross domestic product (GDP) reached 69.6 trillion yuan, representing a year-on-year increase of 4.7% at constant prices, in line with the annual growth target. Against a backdrop of intertwined international complexities and volatilities, China's economic performance is commendable. Yet, a closer look at the data reveals that the logic underpinning China's economic growth is being reshaped. (I) At the Industry Level, Notable Highlights Emerge: First, new quality productive forces are being cultivated and strengthened at an accelerated pace.** In the first half of the year, industrial production grew robustly. The value-added output of the equipment manufacturing sector increased by 9.3% year-on-year, and that of high-tech manufacturing grew by 13.3%, both outpacing the overall growth rate of industrial output above a designated scale. This underscores a clear trend toward a high-end, intelligent, green, and integrated industrial structure. Looking at specific products, the output of 3D printing equipment, lithium-ion batteries, industrial robots, and other products emblematic of new quality productive forces surged. The average daily token call volume has reached hundreds of trillions, showcasing the vitality and potential of the digital and intelligent economies. Second, new growth drivers are accelerating to take on a leading role. Preliminary estimates suggest that new growth drivers—encompassing high-end manufacturing, the digital economy, and modern services—contributed over 40% to economic growth in the first half of the year. The economy's distinct shift toward a higher quality and more optimized structure is evident, and this overall trend is accelerating. For instance, industries related to artificial intelligence, such as integrated circuit manufacturing and intelligent vehicle equipment manufacturing, have all maintained high growth rates exceeding 30%, vividly illustrating the pace of China's industrial upgrading. Third, confidence on the investment front is on the rise. In the first half of the year, investment in high-tech industries grew by 4.6% year-on-year. Notably, investment in the manufacturing of aircraft, spacecraft, and equipment, computer and office equipment manufacturing, and information services grew by 23.3%, 8.1%, and 15.5%, respectively. Investment structure best reflects market expectations. The increasing "new economy content" in investments signals an acceleration in the replacement of old growth drivers with new ones. Investment in intellectual property products grew by 9.4%, indicating that enterprises are placing greater emphasis on R&D and innovation. This suggests that technological advancement is not simply about capacity expansion but about qualitative change driven by innovation. (II) Observing a Major Economy Requires Looking Beyond the Immediate Figures to the Long-term Trajectory. Behind the "new economy content" of the semi-annual report lies China's ongoing transformation from a global manufacturing hub to a global center of innovation. At the 17th Annual Meeting of the New Champions (Summer Davos), observers noted a new phenomenon: a host of unicorn companies are heading to China. They are establishing R&D centers, regional headquarters, and deeply integrating into China's innovation and industrial chains—shifting from "produced in China" to "created in China." So, why China? Economist Justin Yifu Lin, in his book *Demystifying the Chinese Economy, touched upon the theory of the "speed of technological change." He argues that the essence of the industrial revolution is not just the application of new technologies, but more fundamentally, the ever-accelerating pace of technological change. Since the mid-18th century, starting with the steam engine reshaping the textile industry, the snowball of technological change has grown, rapidly sweeping through industries like chemicals and automobiles, ultimately redrawing the geographical map of great power competition. Looking at China today, the trajectory of accelerating technological change is equally clear. A leading enterprise can drive an entire industry, which in turn can boost a whole region. These burgeoning industrial clusters, growing from saplings to forests, not only enhance production efficiency and invigorate market vitality but also effectively improve development quality and resilience. For example, specialized and sophisticated "little giant" enterprises above a designated scale in Beijing, through deep cultivation of innovation chains, supply chain collaboration, and international expansion, have become "connecting points" and "accelerators" for the dual circulation strategy. More importantly, emerging industrial clusters possess powerful spillover effects. The rapid rise of new energy vehicles is not only reshaping the automotive industry but also driving transformations in chips, software, and energy networks, allowing more sectors to gain value from efficiency improvements. The swift advancements in AI and biomedicine are sparking a "gentle qualitative change" in people's livelihoods, significantly enhancing the sense of fulfillment and well-being through smarter, more affordable products and more livable environments. (III) Looking from the First Half to the Full Year, China's Development Momentum Remains Positive. Of course, during this critical period of transitioning between old and new growth drivers, China's economy still faces lingering issues and new challenges. Some core areas are still grappling with "bottleneck" technologies, certain high-tech industries face external risks of "decoupling" and supply chain disruptions, and "involution"-style competition affects the new energy market ecosystem. However, most of these are issues arising from development and transition, and they can be addressed with effort. The supporting conditions and fundamental trends for long-term economic improvement remain unchanged. China's economic journey toward a newer, higher-quality model is itself a process of encountering new problems and solving them along the way. By maintaining confidence, proceeding steadily, and balancing both qualitative improvements and quantitative growth, China's industries are poised to be brimming with dynamism, and the Chinese economy will continue to advance steadily and sustainably. #China# #Jiangxi# #JiangxiEconomy# #世界经济看中国# #赣出新精彩#