News

Golden Ten Data reported on July 3 that three Iranian and Western sources said Iran has begun negotiations with Japanese companies to sell oil, but potential buyers are seeking a longer US sanctions waiver and guarantees regarding safe navigation conditions in the Gulf region. The US approved Iranian oil transactions in June this year, easing decades-long sanctions aimed at reaching a final peace agreement with Tehran in exchange for Iran's commitments on nuclear inspections and free navigation in the Strait of Hormuz. The current US Treasury sanctions waiver allows trading of Iranian crude oil, petrochemical products, and petroleum products until August 21. Since US President Trump withdrew from the Iran nuclear deal in 2018, sanctions have intensified in recent years, and customers from South Korea, Japan, India, and Europe have stopped buying Iranian oil.

ChainCatcher reports that this phase of divergence has historical cyclical characteristics: while institutional funds are withdrawing, long-term holders and whale accounts continue to accumulate, similar to the capital redistribution structure commonly seen at the bottom of previous cycles.

BlockBeats news, on July 3rd, Serenity posted that he personally holds a "conspiracy theory" view that NVIDIA CEO Jensen Huang may not like Broadcom (AVGO), and believes that ASIC challengers among NVIDIA's allies are gradually eroding Broadcom's ASIC market share. Marvell (MRVL), MediaTek, AlChip, GUC, and other companies all seem to be slowly entering Broadcom's ASIC market. He thinks this process is being pushed forward in a relatively low-key manner with NVIDIA's support. He compares this phenomenon to the rise of emerging cloud service providers last year, believing they have in some ways become an extension of the NVIDIA ecosystem, used to counteract the moat built by cloud providers who develop their own ASICs. The overall ASIC market is clearly still growing, but many challengers seem to be taking on more projects related to hyperscale cloud providers, possibly with support from NVIDIA behind the scenes. Serenity emphasized this is not investment advice, but he believes it may be an interesting two-year trading opportunity. However, after 2030, he expects companies like Google may internalize more design work. He also noted that NVIDIA is clearly a "king-maker"—any company touched by it gets repriced in the market, as seen in previous discussions about Marvell potentially becoming a "1 trillion-dollar company."