According to a CNBC report, California is expected to see tax revenue growth as potential IPOs of tech companies like SpaceX, OpenAI, and Anthropic approach. SpaceX's listing could be a historic source of tax revenue for California, but due to employee stock ownership plans and tax avoidance practices, the tax revenue model is shifting from a concentrated surge to a more dispersed, long-term trend. The California Department of Finance and the Office of Legislative Analysis point out that compared to the approximately $1.3 billion in tax revenue generated by Facebook's 2012 IPO, the actual revenue from current mega-IPOs is likely to be more dispersed and difficult to predict.

According to a Caixin article, "token export" is not currently a standard concept in regulatory documents or corporate annual reports, and there are no fully disclosed cases in the public market that can simultaneously cover both "overseas clients calling Chinese AI data center tokens" and "completing cross-border payments, clearing, and final settlement through central bank digital currency." The article argues that discussions on cross-border payments using central bank digital currency are shifting from monetary sovereignty and international financial competition to new scenarios with a stronger transaction foundation. AI inference service "token export" could become a key entry point, packaging model capabilities, computing power, electricity, data centers, and industry engineering capabilities into tradable AI service exports. Central bank digital currency can then serve as a "trusted settlement protocol," combined with enterprise-level AI metering systems to achieve a closed loop from invocation and billing to clearing and settlement.

In the past hour, total liquidations across the network reached $10.93 million, with $4.75 million from long positions, with $6.18 million from short positions. BTC liquidation $477,246.12, ETH liquidation $2.20 million.

Anthropic announced the results of the second phase of its "Project Fetch" experiment, evaluating the improved capabilities of its latest model in real-world robotic operations. The experiment, conducted in August 2025, involved Anthropic employees, who were not robotics experts, using off-the-shelf quadruped robots to complete a series of complex tasks. The results compared performance using the Claude model with human assistance versus relying solely on humans and the internet. The latest model, Claude Opus 4.7, operating fully autonomously, significantly outperformed the human team on average in all achievable tasks, demonstrating at least a 10-fold speed improvement. Anthropic stated that this advancement was not due to robot-specific training but rather a result of expanding the capabilities of a general-purpose model, noting that AI is gradually moving from "assisting humans in using tools" to the early stages of "directly manipulating physical tools," similar to the evolution towards proxy programming in software engineering.

Odaily Planet Daily reports that US President Trump stated, "The war has weakened Iran. It no longer has an air force, navy, air defense equipment, radar, or almost nothing; yet those 'stupid Democrats' claim that Iran is in a better position now than it was four months ago. Can you imagine anyone lying with impunity??? How stupid can some people be? It's not that we're in a hurry to meet, but that Iran is finished! We will hold out for 60 days. They won't get a penny, not a single cent!" (Jin Shi)