According to MSX.COM data, US optical communication stocks continued to rise in pre-market trading, with Marvell Technology up over 9%, POET up over 5%, AAOI and Credo up over 4%, and Corning up nearly 3%.

Odaily Planet Daily reports that Nvidia CEO Jensen Huang stated that SK Hynix's plan to double its wafer capacity by 2030 is insufficient. Nvidia has been collaborating with Samsung Electronics on ASICs projects. (Jinshi)

Odaily Planet Daily reports that the UK Financial Conduct Authority (FCA) has proposed allowing authorized investment funds (including UCITS schemes and most non-UCITS retail schemes) to allocate up to 10% of their assets to crypto exchange-traded notes (ETNs). This proposal is included in the FCA's Q52 consultation paper, with the public and institutions having five weeks to submit their opinions, ending on July 13th. The FCA stated that this move aims to bridge the regulatory gap between individual retail investors and authorized funds. Since the FCA lifted the four-year ban on crypto ETN retail investment in August 2025, individual investors can directly invest in ETNs, but funds were previously subject to an "effective ban." The FCA emphasized that the 10% cap is intentionally set; exceeding this percentage could force funds to be reclassified as restricted mass investment products, affecting their retail fund status. The proposal exempts professional and accredited investor schemes from the cap; long-term asset funds and non-UCITS retail schemes operating as alternative investment funds will be excluded. The FCA points out that cryptocurrencies are inconsistent with the investment objectives of these funds. In the industry, the Investment Association (IA) supports the proposal, believing that access to crypto assets through regulated listed products carries manageable risk, and the 10% cap helps manage fund risk. Fund managers must ensure that their holdings are consistent with the investment objectives and risk characteristics disclosed in the fund, and must disclose significant crypto ETN holdings. The FCA emphasizes that it is not currently considering authorizing funds to directly hold crypto assets for investment, and will make a decision after assessing the impact of the upcoming crypto asset regulatory regime and client asset protection rules. (The Block)

According to Odaily Planet Daily, market sources indicate that Strive purchased 32 BTC last week at an average price of $63,911.

Odaily Planet Daily reports that the United Nations Development Programme (UNDP) has officially announced the establishment of a Blockchain Advisory Group to promote the application of this technology in global development and public services. The group includes seven major public blockchain foundations: Algorand, Arbitrum, Avalanche, Cardano, Ethereum, Stellar, and Sui, and also includes industry organizations such as Kraken and Cointelegraph. This move signifies a further deepening of collaboration between the UN system and the blockchain industry, and will focus on exploring the practical value of digital technology in areas such as financial inclusion, identity authentication, supply chain traceability, and sustainable development. (Cointelegraph)