COMPCompound Governance Token Price

On July 29, Strategy founder Michael Saylor stated that Bitcoin has gained market acceptance, but the biggest challenge for its future is not external competition but the internal erosion of consensus rules. He believes that Bitcoin's consensus rules are akin to a 'constitution,' defining property rights, scarcity, settlement mechanisms, and the boundaries of power. Any modification of these rules to benefit a specific group constitutes an infringement on the economic interests of all participants. He warned that Bitcoin has the potential to grow a hundredfold and become the infrastructure of global capital markets, but a single wrong rule change could harm future markets, technologies, and economic freedoms that have yet to emerge. Saylor specifically cited proposals including BIP-110, arguing that by limiting valid paid transactions, introducing covenant mechanisms, or expanding block capacity, they essentially undermine the neutrality of the Bitcoin protocol. He noted that while these proposals differ in form, they all weaken block space scarcity, increase network bandwidth and verification costs, expand protocol complexity, and introduce new security risks. Additionally, weakening the fee market will affect miners' income as block rewards continue to halve, thereby compromising the long-term security of the Bitcoin network. Furthermore, if one interest group can modify Bitcoin's rules through certain means, other groups will follow suit, leading to prolonged conflict in protocol governance, capital outflows, slowed innovation, and deteriorating network security. Saylor called for keeping Bitcoin's base layer simple, neutral, scarce, and secure, pushing innovation to the second layer and application layer, advancing development through voluntary adoption rather than frequent modification of the underlying protocol. He emphasized that protocol upgrades should be approached with extreme caution and only implemented when truly necessary to preserve the foundation for Bitcoin's long-term development.

On July 28, the Shanghai Composite Index of A-shares lost the 3800-point integer mark, now down 1.54%; the STAR 50 Index fell over 7%, the ChiNext Index dropped over 7.5%, and the Shenzhen Component Index decreased by 4.65%; C Changxin's afternoon trading volume exceeded 400 billion yuan, now down 2.8%.

On July 17, Micron announced that it has signed strategic customer agreements (SCA) with key technology suppliers supporting the automotive ecosystem, including Qualcomm, Visteon, Harman, JAE, Denso, Amphenol, and Hyundai Mobis. These agreements are part of the SCAs mentioned during Micron's financial conference call for the third quarter of fiscal year 2026. By enhancing supply and pricing certainty, the agreements will support investments in the technology development, certification, and manufacturing capabilities required for future automotive platforms, helping to ensure that advanced automotive platforms have the memory and storage capabilities needed to deliver richer, safer, and smarter experiences.