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BlockBeats News, July 1st, according to Bit.com market data, one of the leading US stock crypto concept stocks, Circle (CRCL), experienced a sharp decline of 17.55% on Tuesday's trading day, with a closing price of $62.63, reaching a historical low. On the news front, the new stablecoin project Open Standard announced support from over 140 companies, including Visa, Mastercard, American Express, Stripe, BlackRock, an exchange, Google, BNY Mellon, Standard Chartered, DBS, U.S. Bank, Shopify, DoorDash, IBM, and more, covering payment giants, traditional banks, asset management, crypto-native companies, and tech platforms. The company will launch the stablecoin - Open USD, later in 2026, and will be deployed on multiple chains including Base (an exchange), Solana, Stellar, Polygon, and Ripple. Furthermore, the news of CRCL's removal from the Russell Index is also gaining traction. It is reported that the Russell Index underwent adjustments after market close on June 26th, with CRCL (Circle Internet Group, NYSE: CRCL) being removed from several major Russell growth indices, including the Russell 1000 Growth. Passive funds/ETFs tracking these growth indices will mechanically adjust, leading to the selling of CRCL shares.

On July 1, according to Kyodo News, Japan's Ministry of Economy, Trade and Industry announced on the 30th that it will provide 387.3 billion yen (approximately $2.38 billion) to support a new company led by SoftBank, which is dedicated to developing domestic artificial intelligence (AI) foundational models, as part of the development commission for the fiscal year 2026. The ministry will support research and development in the field of physical AI that combines robotics and AI technology, thereby enhancing the competitiveness of Japan's manufacturing sector, where it holds a competitive advantage. The new company, named 'Noetra' (formerly Japan AI Foundational Model Development), is established with SoftBank, NEC, Honda, and Sony Group as core members. In addition to advanced Japanese language understanding and reasoning capabilities, it will also focus on developing foundational models that can recognize images, videos, audio, and physical spaces. The company has been selected for a support project under the 'New Energy and Industrial Technology Development Organization' (NEDO) affiliated with the ministry.

Gelonghui, July 1st | On June 30th local time, a statement showed that Shell’s subsidiary, Shell Offshore Inc., has agreed to sell its interests in an oil platform and adjacent oil fields in the Gulf of America for $1.7 billion to Talos Energy Inc. and Ridgewood Energy. The effective date of the transaction is July 1, 2025, and it is expected to be completed by the end of 2026, pending regulatory approval.