Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...

Compiled by: ChainCatcher

What important events have occurred in the past 24 hours?

Securitize plans to utilize over $400 million in funds to expand institutional tokenization business through acquisitions

According to ChainCatcher and a report by CoinDesk, Securitize (SECZ), a publicly listed company on the New York Stock Exchange, plans to utilize over $400 million in funds to expand its institutional tokenization platform through the acquisition of complementary businesses rather than acquiring competitors. Securitize previously merged with a SPAC under Cantor to go public, retaining about 70% of trust funds, with total fundraising exceeding $400 million. Since its establishment in 2017, the company has issued approximately $4.4 billion in tokenized assets, including BlackRock's $2.2 billion U.S. Treasury money market fund BUIDL and nearly $300 million in Securitize's own tokenized stocks, making it one of the largest issuers of tokenized assets currently. CEO Carlos Domingo expressed optimism about the opportunities for tokenizing stocks and ETFs, noting that even if only 2% of the global equity market, valued at approximately $140 trillion, is tokenized, it could create a market worth about $3 trillion.

SK Hynix officially launches marketing process for U.S. stock listing

According to ChainCatcher and a report by Jinshi, SK Hynix officially launched its marketing process for a U.S. stock listing on Monday, aiming to leverage investor enthusiasm for the storage chip sector to advance its trading on U.S. exchanges. According to the filing, SK Hynix plans to issue approximately 17.79 million shares corresponding to American Depositary Receipts, with an estimated issuance scale of about $28 billion based on last Friday's closing price in the Korean market. As a leading supplier of HBM chips, SK Hynix's listing in the U.S. opens up efficient financing channels. According to previously disclosed regulatory documents, SK Hynix expects its American Depositary Receipts to officially begin trading on July 10 (this Friday). Based on the current proposed issuance scale, this ADR sale will rank among the top three largest IPOs in history (specific amounts depend on exchange rates), potentially rivaling Saudi Aramco's $29.4 billion IPO in 2019.

Binance Research: Over 700 stocks have traded in Binance stock products, with 71% of holdings allocated to the tech sector

According to ChainCatcher, Binance Research's monthly market insights show that among approximately 7,000 stocks and ETFs available for trading on Binance, over 700 have already traded, indicating initial user participation in stock products. The report states that about 71% of Binance stock product holders have their stock holdings allocated to the tech sector, with approximately 48% of funds flowing into semiconductors, which have trading volumes about 23 times higher than other categories. In terms of thematic fund flows, Binance stock product holders have a relatively diversified allocation, with 25% flowing into AI infrastructure and computing power, 22% into quantum computing, and higher allocations in frontier themes such as space and satellites, robotics, and humanoid robots. During the same period, broader ETF fund flows were mainly concentrated in semiconductors and AI storage. Additionally, the report shows that on the portfolio level for Binance stock holders, 41% of holdings are allocated to crypto assets, 37% to stablecoins, and 22% to stocks.

Figure plans to issue $600 million in senior notes to finance the acquisition of Kiavi

According to ChainCatcher and a report by Globenewswire, Nasdaq-listed blockchain financial platform Figure Technology Solutions announced it will raise $600 million through the issuance of senior secured notes, with the specific issuance dependent on market conditions. The proceeds from this financing will primarily be used for the cash consideration for the acquisition of Kiavi, as well as for general corporate purposes and related issuance costs. This note issuance will be guaranteed by some subsidiaries and will be privately placed to qualified institutional investors without public registration, with completion still uncertain. Additionally, Figure will acquire AI real estate loan platform Kiavi for $717 million, expecting Kiavi to add over $7 billion in transaction volume annually. After the transaction is completed, Kiavi CEO Arvind Mohan will join Figure as Chief Business Officer.

CertiK: Over $1.3 billion lost in Web3 in the first half of 2026, attacks are accelerating towards high-value targets

According to ChainCatcher, Web3 security company CertiK released the "Hack3D: H1 2026 Report." The report shows that in the first half of 2026, the Web3 ecosystem experienced 344 security incidents, resulting in total losses of approximately $1.32 billion. Although this figure represents a 46.8% decrease compared to the same period last year, excluding the impact of the $1.45 billion security incident at Bybit, the actual loss scale in the first half of this year has increased by about 28% year-on-year, indicating that the overall security environment in the industry has not improved significantly. The report points out that wallet theft has become the largest type of attack causing financial losses, totaling about $450 million in losses; meanwhile, although the number of phishing attacks has decreased by over 50% year-on-year, the loss amount has only decreased by about 10.8%, reflecting that attackers are shifting towards high-net-worth individuals and institutional targets, implementing more targeted high-value attacks. Additionally, code vulnerabilities remain the most frequently occurring type of attack, with related incidents reaching 204. CertiK believes that attackers are increasingly targeting long-running and poorly re-audited legacy smart contracts. The report also indicates that large-scale attack incidents continue to dominate industry losses, with the Kelp DAO and Drift Protocol incidents collectively causing approximately $577 million in losses, accounting for 44% of total losses in the first half of the year. In terms of the number of incidents, the impact of single attacks, and changes in attack patterns, the Web3 industry is facing increasingly complex and escalating security challenges.

Data center operator Csquare plans to raise up to $1.35 billion through NYSE listing

According to ChainCatcher and a report by Bloomberg, the U.S. SEC disclosed documents showing that data center operator Csquare plans to list on the NYSE under the ticker "CSQR," intending to issue 50 million shares at a price range of $23 to $27 per share, with a maximum financing scale of $1.35 billion, valuing the company at approximately $4.18 billion at the upper limit of the issuance price. This IPO comes at a time when global AI computing power and data center expansion are on the rise, with increasing demand for infrastructure assets.

Goldman Sachs: Korean stocks are expected to see a broad rally in the second half of the year, maintaining a KOSPI target of 12,000 points

According to ChainCatcher, Goldman Sachs' latest research report indicates that the rally in the Korean stock market in the second half of the year is expected to spread from AI storage leaders like Samsung Electronics and SK Hynix to more sectors such as energy, materials, and industrial manufacturing, with overseas funds gradually positioning themselves in the upstream and downstream of the AI industry chain and other independent investment opportunities. In response to market concerns about a bubble in Korean stocks, Goldman Sachs believes that the current increase in financing balance is mainly due to the net asset growth of leveraged ETFs rather than new borrowing by investors, and that Korean residents' assets are still primarily in real estate, cash, and overseas stocks, indicating that the local stock market still has room for incremental capital inflows. Goldman Sachs expects that overall net profit for Korean companies will grow by about 320% year-on-year in 2026, maintaining a growth rate of about 35% in 2027, and has set a target of 12,000 points for the KOSPI over the next 12 months, indicating over 20% upside potential from current levels, although market volatility is expected to increase.

CryptoQuant: The next parabolic phase for Bitcoin may require over $1 trillion in new funds

According to ChainCatcher, data from CryptoQuant shows that the capital efficiency of each Bitcoin bull market is significantly decreasing. In the 2011 cycle, approximately $2.8 billion in net inflows drove a nearly 55,000% increase; in 2015, about $69 billion corresponded to nearly 10,000%; in 2018, about $365 billion corresponded to about 2,000%; and in the current cycle since 2022, about $697 billion has only produced a 689% return. In 2011, about $5 million in new funds could double Bitcoin's price, while this cycle requires about $101 billion. CryptoQuant founder Ki Young Ju stated that this means Bitcoin needs to become a core macro asset rather than just a retail-driven ETF trade, and the next parabolic phase will need to absorb over $1 trillion in new funds, far exceeding the current level of institutional adoption. However, this argument faces real challenges: the U.S. spot Bitcoin ETF has seen record outflows in the past month, Bitcoin ended the first half of the year at a loss, and retail funds are withdrawing rather than institutional funds accelerating inflows.

Kalshi's June trading volume hits a record nearly $9.4 billion, with the World Cup as the biggest driver

According to ChainCatcher and data from DefiLlama, Kalshi's trading volume in June reached nearly $9.4 billion, a historic high, significantly up from about $5.3 billion in May. Polymarket International's trading volume also rose from about $3.5 billion to about $4.3 billion during the same period. The 2026 FIFA World Cup, starting on June 11, has expanded to 48 teams and has reportedly become the biggest driver of trading in the prediction market for June, particularly during the knockout stage. As of the time of writing, the Round of 16 match between Canada and Morocco on Kalshi generated over $48 million in trading volume, while Polymarket saw over $26.8 million. Meanwhile, prediction markets in the U.S. face ongoing legal and regulatory controversies, with nearly a dozen states taking action against Kalshi and Polymarket, and CFTC Chairman Selig accusing states of illegal enforcement actions against federally regulated exchanges. In Europe, ESMA reminded companies last Friday that many event contracts may be subject to existing binary options restrictions.

The probability of the Federal Reserve maintaining interest rates in July is 77%, with a 47.6% probability of a rate hike in September

According to ChainCatcher and a report by Jinshi, CME's "FedWatch" shows that the probability of the Federal Reserve maintaining interest rates in July is 77%, while the cumulative probability of a 25 basis point rate hike is 23%. By September, the probability of maintaining interest rates is 41.9%, with a cumulative probability of a 25 basis point rate hike at 47.6%, and a cumulative probability of a 50 basis point hike at 10.5%.

TeraWulf signs a 20-year AI data center lease with Anthropic, expected to generate about $19 billion in revenue

According to ChainCatcher and a report by Decrypt, Bitcoin mining company TeraWulf has signed a 20-year lease with Anthropic to build an AI data center park of approximately 401 MW at the Justified Data campus in Hawesville, Kentucky, expected to generate about $19 billion in revenue. According to the agreement, the first phase of the park is expected to go live in the second half of 2027 and reach full capacity by early 2028. TeraWulf stated that the lease is expected to receive investment-grade credit rating support. Additionally, TeraWulf will sell its 50.1% stake in the Abernathy Joint Venture to a group led by partner Fluidstack, exiting its approximately $450 million investment at a premium. Following the announcement, TeraWulf's stock price surged nearly 14%, with shares of Bitcoin mining companies such as IREN, Hut 8, and Cipher Digital also rising over 10%.

The Central Cyberspace Administration announces the first phase results of rectifying AI application chaos, with over 14,000 illegal products disposed of

According to ChainCatcher, the Central Cyberspace Administration recently announced the progress of the first phase of the "Clear and Rectify AI Application Chaos" special action. Since its launch in April 2026, the action has focused on issues such as large models not being registered as required, insufficient review and filtering capabilities, AI data poisoning, and inadequate implementation of content labeling. As of now, the first phase has disposed of over 14,000 illegal AI products, including websites, applications, and intelligent agents, cleaned up over 6 million illegal information pieces, disposed of over 26,000 illegal accounts, and removed over 1,300 illegal AI products and 9 illegal open-source datasets. During the special action, many local cyberspace departments have taken targeted measures such as establishing coordinated regulatory mechanisms and setting up reporting sections, while key platform companies like Huawei, Alibaba, Zhizhu, and DeepSeek have also improved their registration review, content interception, and data anomaly detection mechanisms. The Central Cyberspace Administration stated that the next phase of governance will focus on combating prominent issues such as the use of AI technology to create and disseminate false information, spread vulgar content, impersonate others, infringe on minors' rights, and engage in online water army activities, further increasing enforcement efforts and urging platforms to enhance their governance capabilities.

Data: $172 million in liquidations across the network in the past 24 hours, with $63.2399 million in long liquidations and $109 million in short liquidations

According to ChainCatcher and data from Coinglass, there were $172 million in liquidations across the network in the past 24 hours, with $63.2399 million in long liquidations and $109 million in short liquidations. Among them, Bitcoin long liquidations amounted to $13.8681 million, Bitcoin short liquidations to $48.3523 million, Ethereum long liquidations to $14.5331 million, and Ethereum short liquidations to $27.3192 million. Additionally, in the last 24 hours, a total of 56,722 people were liquidated globally, with the largest single liquidation occurring on Binance - SOLUSD_PERP, valued at $2.6482 million.

Data: Among the top 100 cryptocurrencies by market cap in the past 90 days, 65 have declined, and 6 have risen over 150%

According to ChainCatcher and the latest data from CoinMarketCap, among the top 100 cryptocurrencies by market cap in the past 90 days, 35 have risen, and 65 have declined, with the majority being in a pullback. Among them, 6 cryptocurrencies have risen over 150%, with Binance Life leading at a 886.58% increase, followed by BEAT at 775.32%, and DEXE, JTO, GWEI, and LIT rising 188.26%, 170.90%, 152.81%, and 151.99%, respectively. During the same period, 15 cryptocurrencies rose over 50%, 43 fell over 10%, and 19 fell over 20%. In terms of major cryptocurrencies, BTC fell 8.20%, ETH fell 15.88%, BNB fell 2.78%, XRP fell 13.22%, and SOL rose slightly by 0.93%. On the decline list, M, ZRO, BCH, WLFI, and TRUMP all fell over 40%.

The Hong Kong Securities and Futures Association urges the SFC to optimize the CVAP exam, focusing on the operational costs of new virtual asset policies

According to ChainCatcher and a report by Sing Tao Daily, the Hong Kong Securities and Futures Professionals Association stated that after a recent meeting with representatives from the Financial Services and the Treasury Bureau and the SFC, the SFC committed to advancing measures such as separating and optimizing the "Virtual Asset Platform Practitioners Exam" (CVAP) and reducing assessment fees. The association will follow up on the relevant timeline and continue to communicate with the Treasury Bureau and the SFC on practical issues such as self-custody operation guidelines for private funds, technology services, and the boundaries of regulated activities, as well as the VA Payment regulatory framework.

Data: Ethereum spot ETF sees a net outflow of $13.67 million this week, marking 8 consecutive weeks of net outflows

According to ChainCatcher and data from SoSoValue, the Ethereum spot ETF experienced a net outflow of $13.67 million during the trading days of this week (June 29 to July 3, Eastern Time). The Ethereum spot ETF with the highest net outflow this week was BlackRock's ETF ETHB, with a weekly net outflow of $39.216 million, currently having a historical total net inflow of $519 million. The second highest was Grayscale's Ethereum Trust ETH, with a weekly net outflow of $24.1797 million, currently having a historical total net inflow of $1.810 billion. The Ethereum spot ETF with the highest net inflow this week was BlackRock's ETF ETHA, with a weekly net inflow of $44.6504 million, currently having a historical total net inflow of $11.120 billion. As of the time of writing, the total net asset value of Ethereum spot ETFs is $9.020 billion, with an ETF net asset ratio (market value compared to Ethereum's total market value) of 4.38%, and a historical cumulative net inflow of $10.890 billion.

Data: Bitcoin spot ETF sees a net outflow of $527 million this week, marking 8 consecutive weeks of net outflows

According to ChainCatcher and data from SoSoValue, the Bitcoin spot ETF experienced a net outflow of $527 million during the trading days of this week (June 29 to July 2, Eastern Time). The Bitcoin spot ETF with the highest net outflow this week was BlackRock's ETF IBIT, with a weekly net outflow of $773 million, currently having a historical total net inflow of $59.99 billion. The second highest was Grayscale's Bitcoin Trust GBTC, with a weekly net outflow of $27.6866 million, currently having a historical total net outflow of $27.17 billion. The Bitcoin spot ETF with the highest net inflow this week was Ark & 21 Shares ETF ARKB, with a weekly net inflow of $10.2 million, currently having a historical total net inflow of $1.26 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $74.37 billion, with an ETF net asset ratio (market value compared to Bitcoin's total market value) of 6.02%, and a historical cumulative net inflow of $51.08 billion.

The Clarity Act failed to be signed on July 4, with the Senate's August 7 recess being a critical deadline

According to ChainCatcher and a report by CoinDesk, the Clarity Act failed to be signed into law on July 4 as hoped by White House advisor Patrick Witt, and the time window for passing it through Congress before the midterm elections is narrowing. Three individuals familiar with the process remain optimistic about the bill's passage this year, stating that relevant staff are still coordinating versions between the Senate Agriculture Committee and the Banking Committee, and the Senate may only need a few days for public debate and voting. However, if the bill does not pass before the midterm elections, the post-election outlook remains uncertain. The next critical date is August 7, 2026, which is the last session day before the Senate's summer recess and the campaign season.

EthLabs releases Week 2 update report, focusing on Ethereum interoperability, PropAMMs, and financing progress

According to ChainCatcher, EthLabs founder Barnabé Monnot (barnabé.eth) released the Week 2 update, summarizing the team's latest progress and ecological discussion direction during the launch and financing phase. In terms of interoperability (Interop), the team stated that they are enhancing confidence in asynchronous interoperability based on zero-knowledge proofs (zk), believing this will help build safer cross-chain bridges and improve the native distribution capabilities of assets within Ethereum's multi-layer network. Currently, some cross-chain paths still experience delays, especially in the L2 → L1 direction; in this context, the intents mechanism can serve as a transitional solution, while sufficient L1 liquidity also helps match cross-chain executors (solvers). Meanwhile, the L1 → L2 path is expected to significantly reduce confirmation delays through the Fast Confirmation Rule (FCR), with some clients already beginning to integrate this mechanism. In terms of ecological discussions, PropAMMs (Proposal-based AMM) have become a focal point for multiple teams and researchers, with the core being the potential optimization space between L1 execution efficiency and block building. At the same time, ENS is emphasized as a key infrastructure for Ethereum, and the team is continuously communicating with relevant stakeholders to advance its development direction. In terms of team building, Ethlabs has received over 300 applications, processed about 20%, and aims to expand to about 10 people in the short term and about 20 people in the medium term, focusing on recruiting talent with engineering capabilities and domain expertise. Regarding financing, Ethlabs stated that current financing is nearing completion and has received early support from BitMNR, Sharplink, and Ethereum Joseph, planning to bring in 1-2 core investors before entering the next phase.

Russia's largest bank Sberbank plans to launch compliant crypto wallet and custody services by the end of the year

According to ChainCatcher and a report by CoinDesk, Russia's largest bank Sberbank plans to launch cryptocurrency wallets and digital custody services by December, provided that the "Digital Currency and Digital Rights Act" officially takes effect in September. The service will be integrated into the "Sberbank Online" and "SberInvestments" applications, providing customers with access to authorized crypto assets within the banking system. The new law will establish a licensing framework for crypto trading, custody, fiat currency exchange, and cross-border settlements, with non-qualified investors having a trading limit of about 300,000 rubles (approximately $3,800) per year. Other major banks, including VTB and T-Bank, are also preparing related digital custody services.

Data: June stablecoin trading volume hits a record $1.79 trillion, up 63% month-on-month

According to ChainCatcher and a report by Cointelegraph, data from payment giant Visa shows that the adjusted trading volume of stablecoins in June reached $1.79 trillion, a 63% increase from May's $1.1 trillion, setting a new record, up 125% year-on-year from $1.78 trillion in February this year. Among them, USDC dominated with a trading volume of $1.21 trillion, accounting for about 67%; USDT's trading volume was $576 billion, accounting for about 32%. At the network level, Base ranked first with $565 billion (31.5%), followed closely by Ethereum ($562 billion), and Tron ranked third ($320 billion). Analysts believe that despite the crypto market being in a bear market, stablecoin trading volume continues to grow, highlighting its increasing importance in practical applications such as payments, DeFi, and cross-border transfers.

Bitplanet signs memorandum of understanding with Antalpha, plans to invest 15 billion KRW in equipment to shift to Bitcoin mining

According to ChainCatcher and a report by CryptoSlate, South Korean Bitcoin treasury company Bitplanet has signed a memorandum of understanding (MOU) with Nasdaq-listed company Antalpha and its partners, planning to introduce 15 billion KRW worth of Bitcoin mining equipment and start full-scale mining operations this month. The Bitcoin mined in the future will be recognized as operating income and managed as a long-term financial asset. According to the plan, the first phase of equipment is expected to produce over 7 BTC per month, totaling over 80 BTC per year (subject to equipment utilization and electricity prices). The mining equipment will be deployed in overseas regions with competitive electricity costs, including Oman and Paraguay, and will adopt overseas custody and joint operation models.

Driven by surging AI demand, Samsung's Q2 operating profit expected to skyrocket 18 times

According to ChainCatcher and a report by Reuters, benefiting from the ongoing tight supply of memory due to the rapid development of AI and significant increases in chip prices, Samsung Electronics' operating profit for the second quarter of this year is expected to surge approximately 18 times year-on-year, reaching about 86 trillion KRW (approximately $56.35 billion). This will mark the company's third consecutive quarter of record-high operating profits. Analysts point out that in addition to high-bandwidth memory (HBM), the proliferation of complex applications such as agentic AI has also greatly driven strong demand for traditional DRAM and NAND products, with expectations that the supply-demand imbalance in the memory market will persist at least until next year. Despite the strong performance expectations, analysts warn that due to Samsung's previous agreement to allocate 10.5% of its semiconductor division's operating profit as special bonuses to employees to avoid strikes, the timing of this substantial reserve may cause the actual reported second-quarter profit to fall slightly below market expectations. Additionally, due to rising costs of memory components, Samsung's mobile business is facing severe margin pressure, with industry insiders expecting it may need to further raise prices on smartphones and other terminal products in the second half of the year to alleviate cost pressures.

Swedish payment giant Klarna applies for a U.S. banking license

According to ChainCatcher and a report by CNBC, Swedish payment giant Klarna has submitted applications to U.S. federal and state regulators to establish a bank subsidiary, "Klarna Bank USA," in Utah, which will be covered by FDIC insurance, allowing Klarna to conduct loans, deposits, and broader financial services through its own banking system. Klarna launched the stablecoin KlarnaUSD last year and is reportedly collaborating with Stripe's wallet infrastructure platform Privy to jointly develop a crypto wallet aimed at mainstream users.

Waller: Overly rigid forward guidance may become an obstacle

According to ChainCatcher and a report by Jinshi, Federal Reserve Governor Waller stated that if forward guidance is "too rigid or inflexible," it may become an obstacle to policy implementation.

Strategy sells over $200 million in BTC in a week, Metaplanet purchases BTC for the first time in ten weeks

According to ChainCatcher and data from SoSoValue, as of 8 AM Eastern Time on July 6, 2026, the total net buy of Bitcoin by global listed companies (excluding mining companies) for the week was $10.57 million, a decrease of 27.85% compared to the previous week. Strategy (formerly MicroStrategy) sold 1,363 BTC for approximately $80.8 million on June 30, at an average price of $59,256, reducing its holdings to 846,000 BTC; on July 5, it sold another 2,225 BTC for approximately $135 million, at an average price of $60,773, further reducing its holdings to 843,775 BTC. Japanese listed company Metaplanet announced its first investment in ten weeks, spending $225 million to purchase 2,823 BTC at a price of $79,664, bringing its total holdings to 40,177 BTC. Additionally, two other companies purchased Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced on July 5 that it bought 1 BTC, with the specific amount undisclosed, bringing its total holdings to 3,897 BTC; asset management company Strive announced on July 6 that it spent $1.68 million to purchase 17.76 BTC at a price of $64,761, bringing its total holdings to 19,882 BTC. As of the time of writing, the total amount of Bitcoin held by global listed companies (excluding mining companies) is 1,141,812 BTC, a decrease of 0.04% compared to the previous week, with a current market value of approximately $7.03 billion, accounting for 5.7% of Bitcoin's circulating market value.

BitMine increases holdings by 42,197 ETH last week, total holdings rise to approximately 5.742 million

According to ChainCatcher and a report by PR Newswire, Bitcoin treasury company Bitmine disclosed that it increased its holdings by 42,197 ETH last week. As of June 28, 2026, its total Ethereum holdings reached 5,742,237 ETH, accounting for approximately 4.8% of the total Ethereum supply. Currently, Bitmine's total value of cryptocurrency, cash, and other investment assets is approximately $11.1 billion, including $527 million in cash and securities, 206 BTC, $180 million in Beast Industries equity assets, and a $71 million investment in Eightco Holdings (ORBS). As of July 5, the amount of Ethereum it has staked is 4,879,157 ETH (85% of total holdings), valued at approximately $8.8 billion, with an annualized staking yield of about $235 million.

Data: The total value of RWA assets in June is approximately $31.7 billion, with private credit increasing by about $883 million month-on-month

According to ChainCatcher and data from Binance Research, as of June 2026, the total value of RWA assets reached approximately $31.7 billion, with the private credit sector showing the strongest monthly growth, adding about $883 million. Binance Research reports that Centrifuge is driving a resurgence in the tokenization of private credit, with its $200 million JAAA issued on Solana demonstrating the feasibility of on-chain institutional assets. Additionally, Binance launched bStocks, converting real U.S. stock holdings into tokens on the BNB Chain, supporting 24/7 on-chain trading. The report shows that 80% of tokenized stock trading comes from emerging markets, with 93% of trades being fragmented, and the median trade size being $18.81. Binance Research expects that under a 0.4% penetration rate assumption, the tokenized RWA market could expand to $661 billion, representing about 62 times the current level of upside potential.

Coinbase AI mistakenly sends World Cup result alert, claiming Norway defeated Brazil 3-2 before the match started

According to ChainCatcher and a report by CoinDesk, Coinbase mistakenly sent a "breaking news" alert to users, claiming that the Norwegian football team defeated Brazil 3-2 in the World Cup knockout stage, while the match had not yet started. The alert also stated that Haaland scored twice in the match; however, Coinbase's own prediction market page still indicated that the match was delayed due to weather. Reports indicate that a user posted a screenshot of the notification on X on Sunday. Coinbase CEO Brian Armstrong later responded that the team is investigating the matter. According to another post, the alert was sent at 10:26 AM Eastern Time, while the match was not scheduled to start until 4 PM. Coinbase's head of consumer and commercial products, Max Branzburg, later stated that the erroneous report has been corrected, and the company has made updates to avoid similar inaccuracies in the future. He also mentioned that AI-driven 24/7 trading insights have potential but still need adjustments for such issues. In the actual match, Norway ultimately defeated Brazil 2-1, with Haaland scoring both goals.

AI impacts the entry-level programmer job market, but the "non-developer" programming community is surging

According to ChainCatcher, Laurie Voss, co-founder of npm, recently wrote that research from Stanford University's Digital Economy Lab based on ADP salary data shows that since the end of 2022, the employment of junior software developers aged 22 to 25 has declined by 19%, with entry-level software development positions down 28% from their peak, and the unemployment rate for computer science graduates has risen to 6.1%. However, the total employment of developers in the U.S. has still grown by 4.4% during the same period, with employment among senior developers aged 41 to 49 increasing by 14%. Data from the U.S. Bureau of Labor Statistics (BLS) further indicates that in the past year, the number of "computer programmers" primarily responsible for writing code on demand has decreased by 16%, while positions requiring more architectural judgment, such as data scientists and core software developers, have grown by 12% and 2%, respectively. Meanwhile, the proliferation of AI tools has led to an explosion in software creation. GitHub added a record 36 million accounts and 121 million code repositories last year, and the number of app submissions to the Apple App Store surged 80% year-on-year in the first quarter of 2026. Data from platforms like Vercel and Lovable indicate that over 60% of new users are product managers, analysts, and other "non-traditional developers." Industry analysts warn that as AI replaces basic coding work, the traditional "junior to senior" engineer apprenticeship promotion path has been disrupted, raising concerns about the safety of AI-generated code and challenging the future sources of senior developers. However, the latest job data from platforms like Indeed shows that demand for related entry-level positions bottomed out in May 2025 and is beginning to show signs of rebound.

Meme Popularity Rankings

According to data from the meme token tracking and analysis platform GMGN, as of July 7, 09:30,

The top five popular ETH tokens in the past 24 hours are: 0xwormhole, VITALIK, ETHLABS, ASTEROID, GTAVI

The top five popular Solana tokens in the past 24 hours are: ANSEM, LEVI, manlet, KIRB, SAYLOR

The top five popular Base tokens in the past 24 hours are: SOSO, $COBIE, BRIAN, LBM, Surplus

What are some noteworthy articles to read in the past 24 hours?

From ByteDance to Financial Freedom: How did "Byte Brother" Leto develop his investment judgment to achieve 30 million?

Natural gas power generation: He believes this is the true mainstream direction in the short term—like Musk's model of directly deploying natural gas generators in data centers, as it can be quickly deployed, has no capacity limits, and high efficiency, which has led related equipment manufacturers (such as GEV, CAT) to see the best gains in the entire power sector. Conclusion Throughout the interview, what impressed host Jenny the most was that Leto never viewed his experience at ByteDance as a starting point to escape from, but rather as a place that made him stronger—the subsequent decisions were, in some ways, a continuation of that experience. From data engineer to options trader, and then to entrepreneurship and health management after achieving financial freedom, the underlying methodology has remained the same: speak with data and signals, validate judgments with A/B tests, and seek asymmetric returns with limited risk exposure.

The crypto industry has become a traditional industry

When the entry barriers are as high as traditional finance, when the winners are companies that obtain licenses and banking relationships rather than the best technical teams, and when mergers and acquisitions replace open-source competition as the main method of market consolidation, the value distribution logic of this industry is no different from traditional finance. When the opportunity structure in crypto becomes the same as in traditional finance, what is the next step? The crypto industry always experiences a wave of peaks after a period of confusion. For entrepreneurs and retail investors still in this industry, they either embrace the current changes or explore the next area filled with randomness in crypto.

Q-Day Countdown: Will quantum computing end cryptocurrencies?

In long-term asset allocation, post-quantum governance frictions constitute BTC's "structural tail risk," but are by no means a reason for current bearishness. Its "difficult to change" extremely conservative governance presents a double-edged sword effect: it is both the biggest resistance to quantum migration and the core moat for maintaining its value storage narrative and resisting centralized intervention, which requires investors to abandon the static belief that "BTC never needs significant upgrades." In the future, if scenarios arise where the Q-Day timeline is significantly advanced, the community refuses to promote PQ migration while the peripheral ecosystem has already acted, and high-value exposed public key UTXOs trigger panic selling, or if the disposal of legacy assets falls into complete division, the market will reprice BTC's security model and underlying consensus.

Trump, the most stock-savvy U.S. president

For supporters, this is a legendary story of a successful businessman, while for critics, it means the presidential position is becoming a commercially viable asset. Fox, who previously served as acting director of the Federal Office of Ethics, stated that every president since Watergate has managed their finances as they would treat conflicts of interest, but Trump completely ignores these guidelines, proving more than anyone that it is time for further ethical reform. The Trump Organization responded that this nearly thousand-page financial disclosure report precisely demonstrates that the president has conducted the most comprehensive and transparent financial disclosure in history. Ultimately, whether this $2.2 billion is considered legally earned money may still require an answer from U.S. law, but the debate it has sparked about how far public power and private business should maintain distance is likely to enter a new phase.

OUSD False Cooperation Controversy? The Credit Game of Stablecoins and Big Tech Endorsements

In conclusion, it can be said that the success of stablecoins does not depend on rallying a group of alliance members to help with marketing, but rather on whether it has real use cases and real users, including B2B payments, merchant settlements, cross-border payroll, and other specific scenarios. However, we cannot yet determine the final outcome of OUSD; it indeed has the backing of big tech with real money and a product model different from the existing market structure, which may not follow the old path of Libra. However, this controversy reveals a recurring issue in the crypto industry: big tech alliances can make a project impressive before it even launches, but the status of USDT and USDC is built on the real application scenarios of exchanges, DeFi, payments, and cross-border traffic. Before that, was OUSD merely issuing empty checks to the market? The market will provide its own answer.

Selling coins despite a $55 million loss, Strategy's faith has reached the interest payment date

There is only one breaking point: STRC returns to around $100 face value, and the preferred stock financing channel reopens, allowing the flywheel to turn positively. The premise for STRC to re-anchor is likely that Bitcoin's price stabilizes and rebounds first. In other words, Strategy has turned its fate into a circular argument: if the coin price is good, all models are valid; if the coin price is bad, the model itself is pressuring the coin price.

Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting to AI supercomputing giants like Microsoft and Amazon

The rotation range is expanding, and opportunities outside of technology are emerging. Wilson's rotation logic is not limited to the supercomputing sector. He is also optimistic about consumer discretionary, transportation, and biotechnology sectors benefiting from the outflow of funds from chip stocks. Morgan Stanley strategist Mislav Matejka agrees with Wilson's view, believing that the market's upward momentum will extend beyond the technology sector in the second half of the year. "AI is unlikely to be the only story in the market," Matejka wrote in a research report. Notably, Wilson had previously accurately predicted that the U.S. stock market would remain resilient amid geopolitical risks due to strong corporate earnings, adding some reference value to his current judgment. His year-end target for the S&P 500 is 8,000 points, indicating about a 7% potential upside from current levels, but short-term volatility risks cannot be ignored.