President Trump's 2025 financial disclosure reveals at least $1.4 billion in crypto and memecoin earnings, raising fresh concerns about profiting from the presidency.

• Trump reported at least $1.4 billion in 2025 income from crypto and memecoin-related businesses, making it by far his largest income source.
• His disclosure also showed $26 million earned from foreign real estate deals, reigniting conflict-of-interest concerns.
• Trump Accounts, a new tax-advantaged child savings program, open for contributions on July 4, with children born 2025–2028 receiving a $1,000 federal deposit.
• The US lifted foreign access restrictions on Anthropic's advanced AI models, restoring global access across its platforms.
• A record heat wave hitting the US East Coast prompted the Trump administration to declare a power emergency for the country's largest energy grid.

Anthropic launched Claude Sonnet 5 as its most capable mid-tier model yet, offering near-Opus performance at significantly lower prices and becoming the default across all plans.

• Claude Sonnet 5 launches at introductory pricing of $2 per million input tokens and $10 per million output tokens through August 31, 2026, making near-Opus capability more affordable for enterprise teams.
• The model features improved reasoning, coding, and tool use, along with lower rates of hallucination, sycophancy, and malicious compliance compared to previous versions.
• Colorado's SB 26-189 AI bias law now requires AI developers to disclose training data, known limitations, and intended uses to deployers, with consumer notification and human review rights for adverse decisions.
• AWS committed $1B to a forward-deployed engineer organization to embed AI agents directly within companies, following similar moves by OpenAI ($4B) and Anthropic ($1.5B).
• ChatGPT usage data shows users send 50% more messages six months after signup and double their task variety over time, with non-English speakers now comprising over half of active users globally.

Vinton Cerf, the 'Father of the Internet,' is retiring from Google, while AI chip startup Etched hits $5B valuation and Meta plans to enter the cloud computing market.

• Vinton Cerf, co-creator of foundational internet protocols and Google's chief internet evangelist, will step down next week.
• Nvidia competitor Etched has reached a $5B valuation with $1B in contracted sales for its AI inference chips.
• Meta is developing a cloud infrastructure business to sell AI compute and models, putting it in direct competition with AWS, Google Cloud, and Microsoft Azure.
• Venice AI achieved unicorn status with a $65M Series A, reporting over $70M in annualized revenue and already profitable.
• Ex-DeepMind researchers' AI lab EquiLibre Technologies, which applies poker AI techniques to quantitative hedge funds, surpassed a $500M valuation.

Meta is building a cloud business to sell excess AI computing power and model access, directly challenging AWS, Microsoft Azure, and Google Cloud.

• Meta is developing a cloud infrastructure business under an internal initiative called 'Meta Compute,' planning to sell AI computing capacity and hosted AI models to outside customers.
• The US declined to renew USMCA, opting instead for annual reviews of the trade deal with Canada and Mexico, adding uncertainty for North American supply chains.
• Democratic Socialist Melat Kiros, 29, unseated 15-term incumbent Diana DeGette in Colorado's Democratic primary, reflecting growing anti-incumbent sentiment within the party.
• The UAE has restored oil exports to pre-war levels (~3.9 million barrels/day) by routing tankers through the Strait of Hormuz undetected and using a bypass pipeline.
• BlackRock's private credit fund CEO Phil Tseng is set to leave amid months of losses on soured loans and a US regulatory probe into the unit's valuation practices.