SecondFi Reports Progress on Cardano Wallet Attack, Identifies 2 Attackers
Cardano wallet service provider SecondFi issued an update on the recent theft incident, stating that addresses associated with two attackers have been identified. SecondFi said that between June 21 and 23, a sophisticated automated attack stole funds from hundreds of Cardano wallets in three waves: Attacker A drained 171 wallets in two batch operations, and Attacker B drained 203 wallets in a third wave. SecondFi released multiple sets of collection addresses and the two attackers' stake keys, noting that approximately 4.02 million ADA remains in a designated address controlled by Attacker B, which has now been flagged and is under on-chain monitoring. The project team said it is continuing to track the movement of related assets in cooperation with law enforcement and Cardano ecosystem partners.
USDC Treasury Mints an Additional 250 Million USDC on Solana
At 20:12 Beijing time, USDC Treasury minted an additional 250 million USDC on the Solana chain.
US Core PCE Annual Rate Edges Up to 3.4%, Matching Market Expectations
The US core PCE price index annual rate for May came in at 3.4%, matching market expectations and marking the highest reading since October 2023. The final reading for US Q1 real GDP annualized quarterly rate was 2.1%, compared to an expected 1.60% and a prior reading of 1.60%.
Spark and Uniswap Co-Build Stablecoin “FX Layer”, Migrating $150 Million in USDS as Base Liquidity
Spark and Uniswap have partnered to launch the stablecoin “FX Layer” on Uniswap v4, aiming to provide low-slippage dollar stablecoin exchange infrastructure for institutions. Acting as a shared liquidity and settlement system, the layer allows stablecoin issuers such as banks, fintechs, and payment companies to plug into a unified pool without having to build their own market-making and inventory management systems. Spark handles liquidity allocation and governance coordination among different stablecoins, while Uniswap provides the programmable AMM architecture. As a launch initiative, Spark will migrate $150 million in liquidity from its USDS ecosystem to Uniswap v4, establishing a “liquidity base” for pools supporting USDS, USDT, and PYUSD. USDS is a US dollar stablecoin issued by Sky (formerly MakerDAO), ranking as the third-largest stablecoin after USDT and USDC.
Micron Technology Extends Early Gains to Over 19%, Market Cap Surpasses Meta for First Time
According to Bybit data, Micron Technology (MU.O) extended its early trading gain to over 19.0%, pushing its market capitalization past Meta Platforms (META.O) for the first time, after its previously released earnings outlook exceeded expectations.
Strategy Share Price Falls Below $90, STRC Tumbles Below $76 Intraday
US stock market data shows that Strategy’s share price fell below $90, touching that level for the first time since February 2024. Strategy’s preferred shares STRC fell below $76 intraday, down 24% from the $100 face value, marking the lowest closing price since listing.
MAS Establishes “Future Finance Institute”, Initial Focus on AI and Tokenization
The Monetary Authority of Singapore (MAS) announced the establishment of the “Future Finance Institute (FFI)”, with a focus on driving large-scale adoption of artificial intelligence (AI) and asset tokenization in the financial industry and accelerating fintech innovation. The FFI will integrate MAS’s existing projects, including the AI risk management toolkit, Project Guardian, and Project Orchid, helping financial institutions move from proof-of-concept to actual deployment and lowering barriers to technology adoption. The institute will provide four core capabilities: a knowledge hub, an innovation collaboration platform, an industry sandbox, and implementation toolkits. It also plans to launch programmable compliance tools and an upgraded AI risk framework to support the secure rollout of tokenized assets and agentic AI. The FFI’s governance structure and detailed strategy are expected to be announced later in 2026.
DeepSeek Posts Job Ads: Striving to Double the Size of All Departments
DeepSeek released recruitment ads stating that as technology evolves, the company is working to at least double the size of all departments. Open positions include: server-side development engineer, pre-training data engineer, AI search algorithm/architecture engineer, Agent Harness team roles, Agent Infra R&D engineer, front-end/client development engineer, AI cross-disciplinary technical talent, and more.
Kraken parent company Payward has applied in a US federal court for discovery against crypto derivatives platform PowerTrade and its co-founders, accusing them of “misappropriating” approximately $7.2 million in digital assets and unrealized gains. The complaint alleges that PowerTrade unilaterally executed roughly 100 “correction” trades, retroactively canceling profitable positions that had expired or settled months earlier, turning Payward’s account balance from over $6 million positive to nearly $2 million negative on PowerTrade, and then attempted to seize its Bitcoin collateral based on that balance. Payward has obtained a worldwide asset freezing order from the Dubai International Financial Centre Courts and initiated further legal proceedings in multiple jurisdictions.
Nvidia’s Jensen Huang: AI Factories and Token Economy Will Support Long-Term Computing Investment
Nvidia founder and CEO Jensen Huang stated at the 2026 shareholder meeting that AI is not a short-term technology fad, but rather a transformation of data centers from information storage depots into “AI factories” that produce digital intelligence. He said “useful AI is here and it is profitable,” and that tokens are becoming quantifiable, profitable units of production—“every token is a unit of profit.” AI infrastructure building will enter a long-term cycle measured in decades. Huang emphasized that Blackwell already has an advantage in the inference phase, and Vera Rubin is positioned as an AI factory platform for agents. CUDA and its full-stack ecosystem form Nvidia’s core moat. The company will continue to increase R&D investment while planning to return more than 50% of free cash flow to shareholders over the long term.
Paxos-Issued Compliant Gold Token PAXG Launches on Solana Mainnet
The gold token PAXG issued by Paxos has gone live on the Solana mainnet via the Sunrise protocol, becoming the first gold token regulated by the US Office of the Comptroller of the Currency (OCC) and available within the Solana ecosystem.
Bitcoin Plunge Triggers Nearly $600 Million in Long Liquidations Across the Network
In the past hour, liquidations across crypto contract markets hit roughly $635 million — about $597 million in longs and $38.16 million in shorts, with longs accounting for ≈94% of the total. By exchange, Binance saw roughly $279 million in liquidations, Hyperliquid around $185 million, and Bybit about $80.6 million, all primarily driven by forced long liquidations. By token, BTC recorded approximately $329 million in liquidations over the past hour, ETH around $140 million, while XRP, SOL, HYPE and others also suffered millions of dollars in liquidations. Over the past 24 hours, cumulative network-wide liquidations reached about $1.457 billion, with roughly 215,700 traders forcibly closed, predominantly from long positions.
Story Rebrands to DATA Foundation, Native IP Token to Migrate 1:1 to New DATA Token
Story, originally focused on on-chain intellectual property infrastructure, has been renamed DATA Foundation, shifting its business focus to AI training data and launching an on-chain data registration and audit platform called Trace. DATA also announced deep integration with the AI training data marketplace Kled, connecting over 1.5 billion user-contributed data records to the DATA network. Through Trace, every data contribution generates an on-chain receipt recording data source, authorization method, contributor consent and payment information, supporting settlements to contributors in stablecoins or fiat. The Story native IP token will migrate 1:1 to the new DATA token; holders do not need to take any action, with specific timing and guidance to be announced later. Major clients are AI labs and enterprises building self-developed models, with Poseidon responsible for dataset verification and scoring.
Coinbase announced it will add support for Cap (CAP). However, actual CAP deposits are not yet open; on-chain transfers in will only be possible after the asset issuer lifts transfer restrictions.
New Wallet Withdraws 14.9K ETH Worth $23.5M from WhiteBit
A newly created wallet withdrew 14,944 ETH, valued at $23.5 million, from WhiteBit.
Strategy's STRC Plunges 26% Below Par, MSTR Price Hits 16-Month Low
Strategy's perpetual preferred stock STRC fell to an all-time low of $74 on Thursday, a 26% discount to its $100 face value, before recovering slightly to $75.69. MSTR broke below $87, its lowest since February 2024, shedding over 50% in the past month or so. STRC is Strategy's main financing vehicle for recent Bitcoin accumulation. Strive's perpetual preferred stock SATA also fell to a near all-time low of around $84 on Thursday.
Whale Withdraws 222.5K HYPE from Coinbase, Another Receives 45K HYPE from FalconX
Two whales are accumulating HYPE. The new wallet "0x66F" withdrew 222,493 HYPE ($14.4 million) from Coinbase. Whale "0x643" received 44,986 HYPE ($2.87 million) and 860.8 ETH ($1.35 million) from FalconX, currently holding 152,986 HYPE ($9.86 million) and 9,311 ETH ($14.58 million).
Sophon Shuts Down Its L2 Blockchain, Pivots to Building Consumer Apps on Base
Sophon, which has raised $70 million, is shutting down its Layer 2 blockchain and pivoting to Base to build consumer applications, claiming that the infrastructure era for crypto is over. Co-founder Sebastien (Seb) stated that maintaining the blockchain costs the team about $3.4 million per year, and shutting it down will save roughly $3 million annually, directing capital straight into application development. The role of the SOPH token will shift from an on-chain gas token to a direct value accrual tool from product revenue; the team will use product revenue to buy back and burn SOPH on the open market, directly tying token value to the product’s commercial success. Sophon plans to build five consumer apps on Base: Pyre, launching next month, is a gamified DeFi financial app where users can play games to win rewards on every payment exceeding $1, while offering DeFi yield vaults, tokenized stock trading, leveraged perpetual futures, and prediction markets. SophEarn, launching at the same time, is a standalone version of Pyre's vaults. SophPlay will launch in Q3, opening Pyre's gamification technology to developers via API. XP.app, a payment product targeting high-net-worth users, is expected in Q3 or Q4. SophAI is under development and expected to enter alpha testing later this year.
Base Mainnet Suffers Outage Early Morning Due to Abnormal Block, Now Restored
Base disclosed at 00:27 Beijing time on June 26 that its mainnet was interrupted due to a block production issue. The team confirmed the problem was caused by an abnormal block interfering with subsequent block building and that all funds are safe. At 1:53, the team announced that new block sequencing had been restored and internal nodes are syncing normally; teams running validating nodes need to restart their Base nodes to resume syncing. At 3:22, the team announced that block production has returned to normal, with various applications and infrastructure gradually coming back online as nodes restart. The team has identified the root cause of the outage and will prioritize releasing a full post-mortem report. Additionally, The Block reported that the outage occurred on the same day as the planned Beryl upgrade scheduled for 02:00 Beijing time on June 26, but is reportedly unrelated to the scheduled maintenance.
Multicoin: As Hyperliquid Transforms Into a "Universal Exchange," HYPE Could Reach $319 by 2028
Multicoin released a report stating that Hyperliquid is evolving from a decentralized perpetual exchange into a "universal exchange," and its native token HYPE, currently priced at about $63, is severely undervalued by the market. Multicoin gives a base-case 2028 target price of $319 for HYPE, anticipating Hyperliquid’s annualized revenue will be around $8 billion by then, calculated using a 20x price-to-earnings multiple. Multicoin disclosed it has been actively buying HYPE since February, and it is now one of the largest positions in its liquid hedge fund. The report noted that HYPE recently surged above $76 on factors like new ETF inflows, strong revenue, and a buyback program, before retreating with the broader market to $62.47. Hyperliquid has grown its users from about 300,000 to 923,000 in 2025, open interest from $2 billion to $6 billion, with annualized revenue of approximately $873 million and processed trading volume of $2.9 trillion. Multicoin notes that its target price does not yet fully incorporate catalysts such as HIP-4 and HyperEVM. Hyperion DeFi CEO Hyunsu Jung compared Hyperliquid's fully diluted valuation (once close to $75 billion) with the market capitalizations of exchange stocks like CME, Interactive Brokers, and Robinhood, suggesting Hyperliquid is transcending the positioning of a mere perpetual exchange.
Invesco Files with SEC to Launch New Money Market Fund Focused on Stablecoin Reserves
Invesco, with $2.45 trillion in assets under management, has filed an application with the SEC to launch a new money market fund focused on stablecoin reserves, the Invesco Stablecoin Reserves Onchain Fund. The fund will primarily invest in U.S. Treasury securities, repurchase agreements, and cash equivalents to maintain a $1 net asset value. It will use blockchain infrastructure company Superstate as a sub-transfer agent to tokenize fund shares on designated public blockchains. The product is designed to meet the reserve management needs of stablecoin issuers, allowing them to earn yield while holding compliant reserves and maintaining daily liquidity.
The U.S. Senate is facing a tight schedule to advance the Clarity Act crypto market structure legislation in July, but the calendar is already crowded with priorities such as the National Defense Authorization Act and the Farm Bill. Senator Cynthia Lummis said she plans to push for a vote after releasing the bill text on July 4, with Senate aides describing the Clarity Act as a top bipartisan priority for July. However, several disputes remain unresolved. Key negotiator Senator Angela Alsobrooks stated she would not support a version lacking ethics and illicit finance provisions, but believes all parties are “close” to a deal. If it fails to pass in July, the window may close before the August recess, and industry figures worry the legislative opportunity could be postponed to the lame-duck session after the November elections. Blockchain Association CEO Summer Mersinger believes the current disputes are “serious but resolvable,” and a July vote is “absolutely achievable”; Digital Chamber CEO Cody Carbone also said “the market structure bill is still within reach.” Trump’s refusal on Wednesday to sign the housing bill has added to uncertainty, with industry sources saying “trust levels remain quite low.” If it fails to pass this year, the bill will restart in the new Congress in January.
Aave Founder Responds to Payward Acquisition Report: AAVE “Will Not Be Sold at a 70% Discount”
In response to a CoinDesk report claiming that Kraken’s parent company Payward is in talks to acquire a 15% stake in the Aave protocol at a $385 million valuation (equivalent to only 30% of AAVE token’s FDV), Aave founder Stani Kulechov posted on X saying: “We would never sell AAVE at a 70% discount,” and pointed out that CoinDesk’s reporting was inaccurate. Kulechov stated that the Aave protocol generates $134 million in annualized revenue, all of which currently flows to the Aave DAO. However, he did not completely deny that Aave Labs might sell part of its AAVE holdings, saying multiple market participants have discussed buying directly or indirectly through deeper long-term partnerships.
BitGo CEO Mike Belshe posted on X announcing that the company has laid off nearly 15% of its employees, and affected staff have been directly notified by their immediate supervisors and HR. Belshe said the crypto ecosystem has undergone profound changes and the way financial services are built has evolved significantly. To remain competitive, the company needs to focus its people and resources more on core areas such as security, trading, stablecoins, settlement, and AI-driven infrastructure, making BitGo’s operations more focused. Belshe emphasized this is a one-time adjustment, does not expect further layoff plans, and expressed gratitude for the contributions of departing employees.
Once known for its physical keyboard phones, BlackBerry has quietly transformed into a key software layer provider for “physical AI” and robotics ecosystems. Its QNX software framework, described as the “never-crashing” nervous system for autonomous machines, provides chipmakers like Nvidia and AMD with a safe, reliable, deterministic real-time operating system for smart vehicles and warehouse robots. BlackBerry CEO John Giamatteo said on an earnings call that QNX technology is deterministic and safety-certified, making it extremely difficult to replicate, and customers trust the technology in systems where failure is not an option. BlackBerry’s stock surged nearly 23% on Thursday after the company reported earnings far exceeding expectations and raised its guidance. BlackBerry phones were once favored by governments and enterprises for their security encryption features. The mathematical and cryptographic principles behind its encryption technology are the same as those used in cryptocurrencies, and the company has now evolved that technology into security assurance solutions for AI systems.
Strategy Preferred Stock STRC’s Correlation with Bitcoin Reaches All-Time High
The 90-day correlation between Strategy’s perpetual preferred stock STRC and Bitcoin’s price has climbed to nearly 0.70, the highest level since the product launched in July 2025. This month, STRC fell 23% to $76, while BTC price dropped nearly 20% to below $60,000, with both weakening in tandem. This increasingly tight correlation undermines STRC’s appeal to investors seeking relatively stable fixed-income instruments. STRC is designed as a hybrid product: a $100 par value variable-rate perpetual preferred stock that pays monthly cash dividends, with a current annualized dividend yield of 11.5%. When the share price is above par, the company can raise funds through ATM offerings to purchase Bitcoin. However, STRC is currently well below par, limiting the company’s ability to finance Bitcoin purchases. Strategy recently made small BTC sales to cover dividend expenses, marking a shift from its long-held “never sell” stance. Market views are divided, with some investors viewing the current discount as an attractive entry opportunity for yield-oriented capital, while others worry that continued weakness could put pressure on the capital structure.
Sharplink Resumes Accumulation After 8 Months, Receives 5,000 ETH from FalconX
Ethereum treasury company Sharplink, which had not purchased ETH for 8 months, resumed accumulation today, receiving 5,000 ETH ($7.85 million) from FalconX 6 hours ago. It currently holds 876,000 ETH ($1.37 billion), with an average cost of $3,609, and has an unrealized loss of $1.789 billion (-56%).
Polymarket User Assets Stolen Worth About $3 Million Due to Third-Party Vendor Breach
Prediction market platform Polymarket suffered a third-party vendor breach that injected malicious code into its website frontend, resulting in about 15 user accounts having roughly $3 million in funds stolen. Polymarket stated the issue has been resolved and affected users will be fully compensated, but did not disclose the specific vendor involved. The stolen funds were originally in pUSD, the platform’s dollar-pegged stablecoin, which the attacker swapped into ETH and consolidated into one wallet address. This attack marks Polymarket’s second security incident in nearly two months. Last month, an employee wallet used for deposits and paying out user rewards had about $700,000 stolen due to a private key leak.
OpenAI Leans Toward Delaying IPO to Next Year, Shift Prompted by SpaceX Share Price Retreat
OpenAI is leaning toward postponing its IPO to next year, despite having already hired bankers and lawyers to prepare for a listing as early as the third or fourth quarter of this year. Three people involved in the company’s discussions said CEO Sam Altman pushed the advisory team to find a path to a $1 trillion valuation, up from the company’s last private round valuation of $730 billion. However, several recent factors have caused OpenAI to shift its stance: SpaceX’s share price fell from last week’s high of $202 to Thursday’s close of $153 after its IPO this month; global tech stock volatility has intensified; and investors are growing skeptical about whether AI companies can meet high expectations. Two people familiar with the matter said that in discussions with the company over the past week, OpenAI’s advisory team has cautioned that retail investors may lack sufficient enthusiasm for OpenAI shares.
U.S. CFTC Seeks Public Comment on Data Reporting Rules for Fully Collateralized Event Contracts
The U.S. Commodity Futures Trading Commission (CFTC) is seeking public comment on new data reporting rules for fully collateralized event contracts, which will replace its long-standing system of scattered no-action letters.
Researcher: Suspicious DAO Proposal Appears on Tornado Cash, Could Threaten $23 Million in DAO Funds
L2BEAT researcher @sergeyshemyakov posted on X that a suspicious DAO proposal appeared on Tornado Cash on June 25. The proposal’s target contract is unverified, which is highly unusual for a Tornado Cash DAO proposal, indicating it should be considered malicious. The proposal creator’s address received funding through Railgun 4 days ago. If the proposal passes and executes, the governance contract will make a delegatecall to the target contract. Sergeyshemyakov said the Tornado Cash fund pool itself is safe, but the proposal could directly target an attack on the Tornado Cash DAO, which currently holds about $23 million worth of TORN tokens.
Solana Foundation Urges Validators Hosted on Cherry Servers to Check Logs and Rotate Keys
The Solana Foundation stated that after cloud server provider Cherry Servers disclosed a security incident involving its legacy monitoring system, validators hosted on the server should check their Sensu logs. Potentially affected validators are advised to rotate identity keys, review exposed credentials, and rebuild hosts if compromise cannot be ruled out.
Kazakhstan Stock Exchange Lists Volatility Shares’ Solana ETF
The Kazakhstan Stock Exchange (KASE), one of the largest exchanges in Central Asia, has listed Volatility Shares' Solana ETF (SOLZ). Earlier this year, KASE launched Kazakhstan's first licensed digital asset platform, built on the Solana network.
X Launches X Money Service for Some Premium+ Users, Offering Up to $10 Million FDIC Insurance
Elon Musk's X platform has begun rolling out the X Money service to some Premium+ users, providing up to $10 million in FDIC insurance through the X Cash Sweep Program.
Andrej Karpathy, a renowned AI researcher, key contributor to Tesla’s autonomous driving technology and founding member of OpenAI, recently posted on X expressing excitement about the Claude AI assistant, saying it "works like a real teammate," but was attacked by a large number of strangers who accused him of being a "shill." Karpathy later responded that in his 20 years on X he had never seen such a hostile environment, where the algorithm actively pushes angry, insulting, and mob-ridden content to drive engagement, leading him to reduce his own posting and visiting frequency. In response, Musk said, "We need a thorough overhaul of the algorithm."
"Hyperliquid's Biggest Bull" continued to add to the position, now holding $445 million in long positions (120,000 ETH + 2,500 BTC), with an unrealized loss of $110 million. After BTC fell to $59,000 last night, they opened a 500 BTC ($30 million) long position at $59,261 using 3 wallets. The average entry price for ETH longs is $2,261, and for BTC longs is $69,560.
