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Humility Protocol released a security incident update on the X platform, indicating that yesterday the H token suffered a coordinated attack on the Ethereum and BSC chains, with over $36 million in assets confirmed to have been stolen and sold off.Preliminary investigations show that the incident originated from an employee's computer being compromised, leading to the leakage of the multi-signature wallet keys controlling the Hyperlane Bridge ProxyAdmin. Among them, the attacker obtained 3 out of 6 private keys from Gnosis Safe holders on the Ethereum chain, transferred ownership of ProxyAdmin to their controlled wallet, and upgraded the bridging contract to a malicious implementation, subsequently transferring approximately 141.2 million H tokens in a single transaction.Meanwhile, the attacker also controlled 3 out of 5 private keys from Safe wallet holders on the BSC chain, taking over ProxyAdmin in the same manner and deploying a malicious contract with unlimited minting capabilities, minting 200 million H tokens to their wallet in two transactions.Humility stated that it has suspended all deposit and withdrawal operations for the affected bridging services and is collaborating with exchanges and other relevant partners to mitigate losses, while also cooperating with law enforcement to investigate and attempt to recover some of the stolen funds.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0016%. Among the current mainstream exchanges, the rate for Binance is 0.003%, OKX is -0.0008%, Bybit is 0.0037%, and Gate is -0.0002%.

The UK Financial Conduct Authority proposed in its quarterly consultation document to allow certain approved investment funds (including UCITS funds and some non-UCITS funds) to hold up to 10% of cryptocurrency exchange-traded notes. This proposal aims to align approved funds with investor demand while ensuring adequate consumer protection.The UK Financial Conduct Authority stated that, given the speculative nature of the underlying crypto assets, it is inappropriate to allow retail-focused funds to have significant risk exposure to crypto products, and the 10% cap will set a conservative limit. Additionally, the UK Financial Conduct Authority is publicly consulting on whether non-regulated and qualified investor schemes can invest in more speculative assets without a holding limit; this public consultation will last for five weeks until July 13.

According to The Wall Street Journal, SpaceX's upcoming IPO is expected to bring substantial paper gains to the endowment funds of several universities in the United States. About 10% of the University of North Carolina system's endowment fund is invested in SpaceX, primarily stemming from early investments in Peter Thiel's Founders Fund. The University of Washington in St. Louis has a holding in SpaceX that exceeds 15%, with the fund having invested in SpaceX in 2018 alongside Vy Capital. Stanford University also holds a significant stake in SpaceX, indirectly through institutions such as Founders Fund, Sequoia Capital, Andreessen Horowitz, Thrive Capital, and Darsana.SpaceX has transformed from an initial rocket launch company into an internet provider, social media platform, and AI company, with its valuation soaring from $140 billion in December 2022 to approximately $1.77 trillion at this week's IPO pricing. Some schools have reduced their positions in the secondary market to lock in profits, such as the University of Washington, which has sold off part of its holdings to secure gains. Although the paper gains are considerable, the use of endowment funds is legally restricted, and schools may not be able to allocate them freely.

According to the Financial Times, AI giant Anthropic has finalized a $35 billion private credit financing deal, led by private equity giants Apollo and Blackstone. The funds from this financing will be used to purchase AI chips and expand its AI infrastructure.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0044%. Among the current mainstream exchanges, the funding rate for Binance is -0.0045%, OKX is -0.0151%, Bybit is -0.0095%, and Gate is -0.0097%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.001%. Among the current mainstream exchanges, the rate for Binance is -0.0016%, OKX is -0.0013%, Bybit is 0.0016%, and Gate is 0.0015%.

According to Coinglass data, the current average funding rate for ETH across the network over 8 hours is -0.0024%. Among the current mainstream exchanges, the rate on Binance is -0.0045%, OKX is -0.0074%, Bybit is -0.0006%, and Gate is -0.0032%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is -0.0002%. Among the current mainstream exchanges, the rate for Binance is 0.0001%, OKX is -0.0076%, Bybit is 0.0036%, and Gate is -0.0058%.

According to Forbes, the Ontario Teachers' Pension Plan in Canada is expected to gain substantial returns from the SpaceX IPO. The fund invested approximately $220 million in SpaceX in 2019 when the company's valuation was around $33 billion to $36 billion.If SpaceX goes public as planned at $135 per share, with an estimated valuation of about $1.75 trillion, the shares held by the Ontario Teachers' Pension Plan would rise to approximately $11.6 billion, with potential paper gains exceeding $11 billion. As of the end of 2025, the Ontario Teachers' Pension Plan manages assets of about $279.4 billion, covering 346,000 active and retired teachers.The fund's Chief Investment Officer Gillian Brown previously stated that an IPO does not necessarily mean an exit point, and they may continue to hold shares in the future to see if SpaceX can initiate a new growth cycle after acquiring xAI. Notably, the fund had invested about $95 million in FTX in 2022 and wrote down that investment to zero after FTX's bankruptcy. However, benefiting from strong performances from projects like SpaceX, its venture capital portfolio is still expected to achieve a 30% growth by 2025.Currently, some institutions are cautious about SpaceX's valuation. Morningstar believes its fair valuation is less than half of the IPO target. Based on a $1.75 trillion valuation, Elon Musk's wealth, holding about 41% of the shares, is expected to rise further, potentially making him the world's first trillionaire.

According to Crypto In America, the U.S. House of Representatives' fundraising committee will hold a hearing on cryptocurrency tax reform this Tuesday, reviewing seven discussion drafts covering aspects such as stablecoin trading, mining and staking, crypto lending, wash sale rules, charitable donations, and taxpayer disclosures. Essentially, this breaks down the previously proposed "Digital Asset Equality Act" into multiple independent pieces of legislation.Meanwhile, negotiations on the Senate's "Clarity Act" are still ongoing. Senator Lummis stated that the bill is more likely to advance after Congress reconvenes on July 13, with core disagreements focused on ethical clauses, DeFi regulatory language, and stablecoin yield issues. The banking industry continues to lobby against stablecoin yield clauses, while over 200 crypto organizations have jointly written to urge the swift advancement of the bill for a vote.In addition, Illinois plans to impose a 0.2% tax on digital asset transactions, which has sparked strong opposition from industry groups, warning that this move will drive crypto companies out of the state.

According to PR Newswire, the prediction market infrastructure company EDGE Markets announced the completion of a $29.2 million Series A financing round, led by CoinFund, with participation from Indicator Ventures, Mantis VC, Stepstone Group, and Bullpen Capital. This round of financing will be used to launch the banking platform EDGE Pro for prediction market market makers, as well as the payment network EDGE Connect designed specifically for entertainment and prediction markets.Among them, EDGE Pro will provide market makers with high-throughput deposit accounts, supporting real-time fund transfers and settlements between trading platforms regulated by the U.S. Commodity Futures Trading Commission (CFTC). The company is applying for Introducing Broker (IB) and Futures Commission Merchant (FCM) licenses from the National Futures Association (NFA) to enhance capital efficiency and support margin management.EDGE Connect is positioned as a payment network dedicated to the prediction market industry, enabling 24/7 real-time payments (RTP) and reducing transaction costs through a model that only charges for new net deposits. The company stated that compared to traditional payment channels, this system can reduce payment processing costs by more than 70%, while also decreasing refunds and user churn.

According to The Block, the UK's Financial Conduct Authority (FCA) has proposed allowing authorized investment funds (including UCITS schemes and most non-UCITS retail schemes) to allocate up to 10% of their assets to cryptocurrency exchange-traded notes (ETNs).This proposal is included in the FCA's 52nd quarterly consultation document, and the public and institutions have five weeks to submit their opinions, with a deadline of July 13. The FCA stated that this move aims to bridge the regulatory gap between individual retail investors and authorized funds. Since the FCA lifted the four-year retail ban on cryptocurrency ETNs in August 2025, individual investors can directly invest in ETNs, but funds were previously still subject to an "effective ban."The FCA emphasized that the 10% cap is deliberately set, as exceeding this ratio could force funds to be reclassified as restricted public investment products, affecting their retail fund status. In the proposal, professional and qualified investor schemes are not subject to the cap; long-term asset funds and non-UCITS retail schemes operating in the form of alternative investment funds will be excluded.The FCA pointed out that cryptocurrencies do not align with the investment objectives of these funds. From the industry perspective, the Investment Association supports the proposal, believing that acquiring crypto assets through regulated listed products is manageable in terms of risk, and the 10% cap helps manage fund risk. Fund managers must ensure that their holdings are consistent with the investment objectives and risk characteristics disclosed by the fund and disclose significant cryptocurrency ETN holdings.The FCA emphasized that it is not currently considering allowing authorized funds to directly hold cryptocurrency assets for investment and will make a decision after assessing the impact of the upcoming cryptocurrency asset regulatory framework and client asset protection rules.

Bitget Chief Legal Officer Hon Ng today released an open letter, announcing that Bitget has officially launched the 2026 Global Anti-Fraud Month campaign, themed "More Assets, Stronger Protection."In the letter, Hon Ng pointed out that as the platform expands from crypto assets to a multi-asset ecosystem, users face increasingly complex cybersecurity threats while enjoying broader market access. He emphasized that the multi-asset era means greater responsibility. User protection is not a one-time project but a continuous result of risk monitoring, rapid response, security education, and industry collaboration.The open letter also disclosed Bitget's security and anti-fraud achievements for 2025. Data shows that Bitget intercepted over 150 million malicious attack requests throughout the year, identified over 13,000 high-risk malicious IPs, handled 18,135 user protection cases, and assisted users in recovering approximately $32.3 million related to security incidents and fraudulent activities.In addition, Bitget's security system achieved over 2.8 billion risk interceptions through customized protection rules, defended against over 1.5 billion DDoS attack attempts, and introduced machine learning-based behavioral analysis capabilities to further identify suspicious activities and potential risks.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0048%. Among the current mainstream exchanges, the rate on Binance is -0.0066%, OKX is -0.0058%, Bybit is -0.0065%, and Gate is -0.0057%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is 0.0025%. Among the current mainstream exchanges, the rate for Binance is 0.0035%, OKX is 0.0042%, Bybit is 0.0024%, and Gate is 0.0019%.

Bitwise CEO Hunter Horsley stated that participants in the cryptocurrency industry should "broaden their perspective." Unless they are short-term traders, investors should not overly focus on weekly or monthly price fluctuations.Instead, the focus should be on two aspects: first, the substantive progress of the project itself, and second, the longer-term annual performance. This includes on-chain usage, technological advancements with product-market fit, integration of large enterprises and institutions in the field, construction and implementation status, as well as core factors such as team quality and execution capability.Although the market will not show linear development, the fundamentals of the industry are continuously and significantly improving from 2022 to 2026. Investors should recognize that this is a long-term process, and the final outcome will be determined by the fundamentals.

Although the market is currently generally concerned that the buying strength of Strategy may decline, there are two rules that are always important in the cryptocurrency market: follow the trend and follow the flow of funds. When liquidity reverses, it usually means that the market environment is switching, and the risk of prematurely bottom-fishing is extremely high. During this bull market, the monthly changes in stablecoin supply had previously remained positive, but the market is currently experiencing a second round of stablecoin outflows.In the past 30 days, the net outflow has reached approximately 5 to 6 billion dollars. The slowdown in capital inflow combined with rising volatility has significantly weakened the liquidity environment's support for the market. This not only puts pressure on crypto assets but also affects stablecoin issuers. Therefore, the current period of consolidation may continue until the flow of funds recovers.

According to Coinglass data, the current average funding rate for ETH across the network over 8 hours is -0.0038%. Among the current mainstream exchanges, the rate on Binance is -0.0084%, OKX is -0.0025%, Bybit is -0.0062%, and Gate is -0.0067%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is 0.0029%. Among the current mainstream exchanges, the rate on Binance is 0.0035%, OKX is 0.0055%, Bybit is 0.0007%, and Gate is 0.002%.