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Time:2026-07-01T01:39:16Z

Trump reported over $1.2 billion in crypto-related income since returning to office. The White House lifted export controls on Anthropic's advanced AI models after a brief freeze. South Korean tech giants unveiled a $518 billion chipmaking hub to meet AI demand, as global chip competition intensifies among Korea, Japan, and China. Nvidia's AI chip sales stall in China as local players like Huawei take the lead.

Trump reports over $1.2 billion in crypto income since return

Trump reports over $1.2 billion in crypto income since returnPresident Trump's annual financial disclosure reveals massive cryptocurrency-related earnings exceeding $1.2 billion since returning to the White House. Multiple outlets report the figure, with some estimates suggesting total income from crypto businesses reached approximately $2 billion. The disclosure also shows an expanding financial empire including Apple stock and commemorative coins, highlighting a dramatic post-reelection financial turnaround.

Sources:
Trump's annual financial disclosure shows more than $580M in crypto-related income (CNBC)
Trump filing shows he took in about $1.2 billion from crypto businesses last year (AP News)
Trump made more than $1bn from crypto in first year back in office (BBC)
Trump discloses expanding financial empire, including Apple stock, celebration coins and crypto (MarketWatch)
Trump Pulled in at Least $2 Billion After Returning to the White House (NYT)

White House lifts export controls on Anthropic AI models

White House lifts export controls on Anthropic AI modelsThe White House has lifted an export control measure that had frozen Anthropic's most advanced AI models. The decision, reported by CNN, BBC, and Nikkei Asia, reverses a brief ban that had restricted access to Anthropic's Fable and Mythos models. The move signals a potential easing of tensions around cutting-edge AI export restrictions.

Sources:
White House lifts export control on Anthropic that froze its most advanced models (CNN)
Anthropic says US lifts export ban on its advanced AI tools (BBC)
US lifts curbs on Anthropic's Fable, Mythos AI models (Nikkei Asia)

South Korea plans $518 billion chip hub as Asia AI race heats up

South Korea plans $518 billion chip hub as Asia AI race heats upSouth Korean tech giants announced plans to build a $518 billion chipmaking hub to serve surging AI demand. Meanwhile, Japan unveiled a $2.3 trillion technology strategy centered on startups, and Chinese chip material makers are battling Japanese rivals for a $73 billion market. The developments underscore an intensifying three-way competition for semiconductor dominance in Asia.

Sources:
South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand (AP News)
Japan puts startup ambitions at center of $2.3tn tech strategy (Nikkei Asia)
China chip material makers battle Japan rivals for $73bn market (Nikkei Asia)

Nvidia sales stall in China as domestic chipmakers rise

Nvidia sales stall in China as domestic chipmakers riseNvidia's AI chip sales in China have stalled as local chipmakers, particularly Huawei, take the lead in the world's largest semiconductor market. Retailers in China are increasingly betting on their own brands amid shifting consumer dynamics. Chinese automakers have also made significant quality improvements, positioning themselves for global markets.

Sources:
Nvidia’s AI chip sales in China stall, as local chipmakers like Huawei take the lead (AP News)
Race to the bottom? Why retailers bet on their own brands in China (SCMP)
Chinese cars: From quality to triumph (China Daily)

India's digital economy fueled by mobile-driven capital markets

India's digital economy fueled by mobile-driven capital marketsIndia's biggest share sales reflect a population deeply engaged with mobile technology. Analysts note that much of India's technology stack relies on foreign-developed foundations, yet a data center boom is expected to power the next wave of market winners. The country's digital transformation continues to attract significant investor attention.

Sources:
India's biggest share sales tell the story of a country glued to its phones (BBC)
Much of India’s technology stack is built on technologies developed elsewhere (Business Today)
Data centre boom to power India's next market winners; How to play this theme & top picks (Business Today)