Amazon has filed an application with the U.S. Federal Communications Commission to deploy a low-Earth-orbit satellite constellation of 5,105 satellites by 2028, according to BlockBeats. The network is intended to support direct-to-device mobile communications, allowing users to connect through satellite service without extra hardware. The move would expand Amazon’s satellite internet ambitions and place it in more direct competition with SpaceX’s Starlink, which has already been pushing ahead with commercial satellite internet services and testing satellite-to-phone connectivity. If approved and deployed as planned, Amazon’s network could extend coverage to remote areas, offshore locations, and other places that conventional communications infrastructure struggles to reach. The filing points to intensifying competition in the global satellite communications market as major players race to build larger low-Earth-orbit networks and broaden mobile connectivity offerings.

Elon Musk publicly says space AI data centers are the only path for expansion, but SpaceX's IPO filing cautions that the plans involve unproven technology and may never become commercially feasible.

WSJ reports Google and SpaceX are in early talks to put AI data centers in space. Google's 'Project Suncatcher' aims to launch prototype satellites with TPU chips by 2027. SpaceX plans a 1-million-satellite orbital computing network to boost its IPO. Technical and cost hurdles remain high.

SpaceX has asked the FCC to approve up to 1 million solar-powered data center satellites in low Earth orbit, turning AI computing demand and orbital safety into the central issues of the review.

A SpaceX filing to the FCC says 260 Starlink satellites were deorbited and fully vaporized between December 2025 and May 2026, with 349 more already retired and awaiting disposal.

A broad set of policy, market-structure, ETF, stablecoin and exchange developments shaped the latest 24-hour cycle in crypto. RootData said the industry logged $9.081 billion in total fundraising across 259 deals in the first half of 2026, with primary-market financing, excluding IPOs, post-IPO rounds and M&A, reaching $8.658 billion. That segment was down 26.1% year over year, while deal count fell 28.5%. March and May were the busiest months by activity, and the data pointed to a market still functioning but increasingly driven by a smaller number of larger rounds, more concentrated venture participation, and heavier interest in DeFi, infrastructure, CeFi, AI, payments and RWA. Japan moved to the front of the regulatory agenda after the upper house approved revisions to the Financial Instruments and Exchange Act. The overhaul would classify crypto assets as financial products, add insider-trading restrictions, toughen penalties for unlicensed operators, and set up the legal framework for crypto ETFs. The tax treatment is also set to change. From Jan. 1, 2028, gains from crypto trading are expected to shift from a comprehensive regime with rates of up to 55% to a separate self-assessed tax system of about 20%, matching stocks, with loss carryforwards of up to three years. Elsewhere, the U.S. and U.K. published a joint digital-asset roadmap centered on regulated stablecoins and tokenization, South Korea said it plans to push a Digital Asset Basic Act in the second half, spot Bitcoin and Ether ETF flow data stayed active, and exchanges including OKX and Binance announced new tokenized equity products and collateral expansions.

South Korea has formally adopted blockchain and digital asset ecosystem development as part of its "Economic Growth Strategy for the Second Half of 2026," according to a report by Maeil Business Newspaper cited by ChainCatcher. The policy package lays out a 2027 pilot for tokenized government bonds, designed to work in tandem with the Bank of Korea’s institutional central bank digital currency program, while also examining interoperability between CBDCs and private blockchains. The government also plans to accelerate digital asset legislation in the second half of the year by advancing the Framework Act on Digital Assets, with stablecoin institutionalization and a more systematized approach to cross-border stablecoin trading included in the agenda. In parallel, Seoul will support amendments to the Capital Markets Act to move spot virtual asset ETFs toward formal institutionalization. On the industrial side, the strategy calls for large-scale demonstration projects and advanced technology research in the fourth quarter of this year. It also includes cooperation with international organizations such as the United Nations Framework Convention on Climate Change and the Global Green Growth Institute to manage Paris Agreement-aligned GVCM carbon credits on blockchain.

TechFlow’s July 11 roundup pulled together a wide set of stories across AI, crypto, chips, macro, and tech policy. At the top of the list was Apple’s lawsuit against OpenAI in federal court in Northern California, where Apple accused the company of using trade secrets allegedly taken by a former employee for consumer hardware development. The roundup also highlighted debate around a proof generated by OpenAI’s GPT-5.6 Sol Ultra for the cycle double cover conjecture, a graph theory problem described in the article as unsolved for 40 years. In crypto, the International Monetary Fund said in a new paper that U.S. dollar stablecoins can improve foreign-exchange access in emerging markets, while also increasing the risk of bank-run-style outflows during currency crises. Robinhood separately said its AI agent features would soon be available for crypto traders, though it did not provide a launch date. The hardware section focused on warnings from SK Hynix’s CEO, who said the world could face the most severe memory chip shortage on record in 2027, with tight supply potentially lasting beyond 2030 as AI data center demand rises. The roundup also noted China’s temporary export ban on helium, a gas used in chipmaking and MRI equipment. Other items covered Alibaba’s stake in CXMT, layoffs at Microsoft’s Xbox division, SK Hynix’s U.S. market debut, Starlink expansion plans, and FCC action tied to DJI-related workarounds.