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ChainCatcher reports that, according to The Wall Street Journal, Elon Musk’s SpaceX has agreed to invest $2 billion in his artificial intelligence company xAI, which accounts for nearly half of the recent equity financing for the maker of the Grok chatbot. Musk has repeatedly leveraged his business empire to support this AI startup, which is striving to catch up with OpenAI. Earlier this year, he merged xAI with X, combining a small research lab with a social media platform to help expand the reach of its Grok chatbot. This merger brought the new company’s valuation to $113 billion.

21:00 (UTC+8) - 7:00 Keywords: Tariffs, Ethereum, Pump 1. Trump has sent tariff letters to 24 trading partners in four batches; 2. French President: Strongly opposes the US decision to impose additional tariffs; 3. Mexican President: Confident that a tariff agreement with the US can be reached before August 1; 4. Pump.fun token sale has ended, with $600 million raised in about 12 minutes; 5. This week, spot Ethereum ETFs saw over $900 million in inflows, setting a new record; 6. President of the European Council: The EU remains fully committed to efforts to reach a fair agreement with the US.