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Tron reached 26.97 million active accounts in June, with a transaction volume of 385.77 million, both hitting historical highs. (Lookonchain)

According to Chaoxiang Research, Nomura Securities has extended the AI cycle peak to 2028. The number of global data center projects has increased from 240 to 280, and gigawatt-level projects have risen from 40 to 50, with deployment peaking after 2027. The global server market growth rate has been adjusted upward to 74% (2026) and 65% (2027), while the AI server growth rate has been raised to 78% (2026) and 76% (2027). There is a bottleneck in wafer-level substrate (WoS) capacity, with TSMC’s capacity target at 2 million units and Nomura Securities estimating actual output at 1.8 million units. AMD, Arm, and Nvidia are expanding CPU market scale.

Golden Ten Data reported on July 1 that, after the Indian government scrapped the tax on foreign investors, Indian bonds—now open for unlimited global investment—have attracted record capital inflows. According to data from the Clearing Corporation of India, last month foreign investors purchased bonds worth 418 billion rupees (approximately $4.4 billion) through the so-called “fully accessible route”, nearly twice the previous record of 239 billion rupees set in August 2024. The ongoing inflows are expected to reduce government financing costs and support the Indian rupee exchange rate amid a stronger US dollar. ANZ Group economist Dhiraj Nim stated: “A series of factors—including tax cuts, currency stability, delayed interest rate hike expectations, and lower fiscal risks—may provide foreign investors with ample reasons to buy Indian bonds.” However, he also noted that if global financial conditions continue to tighten and US rates remain high, such inflows may be difficult to sustain. This surge in capital marks a recovery in the South Asian market after months of weakness. Other market indicators show similar trends: in June, Indian equities outperformed other emerging markets, and the rupee became the second-best performing Asian currency during the same period.