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On-chain detective ZachXBT stated that the cryptocurrency exchange KuCoin has sent a legal threat email to a victim whose stolen funds were laundered through a KuCoin account and purchased KYC identity. The case involves a theft incident from the Atomic wallet on August 18, 2025, resulting in a loss of approximately $250,000, with the stolen funds transferred to multiple KuCoin deposit addresses.ZachXBT mentioned that it has issued multiple warnings about KuCoin in recent months, including issues such as blocking legitimate users, enabling illegal activities (such as transactions related to dark web markets), and slow responses to requests from law enforcement agencies.

According to Cointelegraph, MidChains CEO Basil Al Askari stated that sovereign wealth funds are accumulating spot Bitcoin, indicating that the current price levels are attractive to institutional investors. Al Askari confirmed that at least one sovereign wealth fund has been accumulating Bitcoin, and a second one may join in the coming weeks. Global sovereign wealth funds control over $13 trillion in assets, and Al Askari mentioned that the current low price is seen as "an opportunity window for large funds to enter."

Ethlabs published a response on platform X regarding its nonprofit positioning and funding situation, stating that the choice to operate under a nonprofit structure is to focus on the long-term development needs of Ethereum as a "public good" and to maintain the organization's independence and neutrality in research and development.In terms of governance structure, Ethlabs pointed out that its funding comes from large ETH holders and Ethereum ecosystem builders, whose interests are highly aligned with the long-term success of Ethereum, but they will not gain any governance control or participate in roadmap formulation or project prioritization decisions. Ethlabs emphasized that this arrangement is intentionally designed to avoid external funding influencing core directions.At the same time, Ethlabs stated that the future continuous financing mechanism itself is also a form of "accountability mechanism," meaning that only by continuously creating real value for the Ethereum ecosystem can they obtain subsequent funding support, thus forming a long-term feedback loop.Regarding funding, Ethlabs revealed that it is currently in the final stages of financing and has not disclosed specific amounts, but the committed funds already obtained are expected to support an operational cycle of 2 to 3 years and cover the recruitment needs for top talent. Ethlabs emphasized its positioning as a long-term project, not a one-time funding plan.

According to CoinDesk, FundBank has been renamed IRACE Digital and has acquired Tenet Bank in the Cayman Islands. This transaction will incorporate digital asset banking operations and fintech-focused clients into IRACE's existing institutional banking business.Former Zodia Custody CEO John Cronin has been appointed as the Global CEO, and IRACE is expanding into the areas of custody, liquidity, and trading infrastructure.

According to a report by 21 Finance, Huang Zhenxin, the head of Kimi B-end at Moonshot AI, stated in a recent communication meeting that there is indeed a bubble in the current AI industry, but the fundamentals are very solid. Enterprises can now clearly calculate the return on investment (ROI), and the substantial transformation in productivity brought by AI has already occurred.Regarding the recent phenomenon of widespread price increases among model vendors, Huang Zhenxin pointed out that the core reason lies in the rising global computing power costs, and chip production capacity cannot meet the explosive growth in Token demand. He emphasized that evaluating the cost-performance ratio of models should not only look at the unit price of input and output but should also focus on the Cache hit rate. It is reported that Kimi's original factory Cache hit rate has reached over 90%, significantly reducing actual computing costs.In addition, Huang Zhenxin revealed that Kimi will continue to challenge innovations in underlying architecture to sustain the Scaling Law, and its Muon optimizer, which has been validated on a large scale, is now widely adopted by several mainstream large models in the industry. Regarding the "last mile" of enterprise AI implementation, he believes that as the foundational capabilities of models continue to strengthen, the technical paradigms at the application layer will also continue to simplify.

As of the week ending June 26, the net outflow of the U.S. spot Bitcoin ETF was $1.79 billion, setting the second-largest single-week net outflow record in history, with the number of consecutive weeks of net outflows extending to seven weeks.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is 0.0039%. Among the current mainstream exchanges, the rate for Binance is 0.0032%, OKX is 0.0005%, Bybit is 0.0016%, and Gate is 0.0069%.

Etherlink posted on platform X that the Etherlink EVM Bridge has become a target of a security attack. As a precaution, all transfers have been suspended to protect user funds while the issue is being investigated. No funds have been lost.The team is working closely with LayerZero, Asymmetric Research, and Zeeve to investigate the issue and ensure that the attack attempts are fully mitigated. A timeline for restoring services has not yet been determined.

Digital Currency Group (DCG) subsidiary Yuma announced the launch of a market-wide fund aimed at providing investment opportunities in the Bittensor network's native token TAO and its subnet ecosystem through a single investment strategy. Currently, Bittensor has launched 128 subnets, with a total asset value exceeding $900 million.DCG founder and CEO Barry Silbert stated that most AI investments are currently flowing to a few centralized legacy companies, which are now trying to enter the public market. Bittensor offers an alternative: an open, decentralized network built by builders and innovators at the forefront of artificial intelligence development.

Blockchain intelligence company AMLBot's monitoring data shows that recently Polymarket users on the Polygon network had approximately $3.1 million PUSD stolen due to a front-end malicious script intrusion.The attackers implanted a malicious script that induced users to sign authorization transactions (involving EIP-7702 delegated execution), resulting in the users' wallets being emptied. The stolen funds were then converted to USDC.e through Relay, bridged to Ethereum, and ultimately exchanged for ETH, which was concentrated in a designated address. Currently, about 1891.9 ETH is distributed across three new wallets.AMLBot pointed out that this attack is similar to the incident involving the 2024 1inch web application, where a wallet theft script was implanted in the Lottie Player library, both cases involved third-party scripts being compromised, leading to front-end contamination.

According to Cointelegraph, Binance recorded over $400 million in net outflows this week after the exchange announced the withdrawal of its MiCA license application in Greece.According to DefiLlama data, the net outflow this week accounted for 0.3% of Binance's tracked assets ($133.3 billion). On Wednesday (the day the withdrawal was announced), the net outflow was $1.96 billion, followed by outflows of $2.52 billion and $1.46 billion over the next two days.The EU MiCA transitional period is currently in its final stage, and starting from July 1, platforms that are not authorized under MiCA will no longer be able to provide related services to EU users. Binance has begun notifying some EU users to transfer their funds to self-custody wallets or other exchanges.Binance co-founder He Yi stated that although the European market accounts for only about 1% of its spot trading volume, the company still values this market and will continue to advance its MiCA license application.

Jupiter Strategic Reserve Trust, Jupiter Litterbox Trust, increased its holdings by 177,570 JUP yesterday, worth approximately $39,000. This month, it has accumulated purchases of 13,346,232 JUP, worth about $2.93 million. So far, its total purchases amount to 142,703,464 JUP, worth approximately $31.4 million.Jupiter Strategic Reserve Trust is the official on-chain treasury fund of Jupiter, automatically transferring 50% of the revenue from the Jupiter protocol, continuously buying and holding JUP tokens in the open market through smart contracts, and is often humorously referred to by the community as the "Litterbox Trust."

According to monitoring by Lookonchain, Maji (Huang Licheng) is selling Bored Apes at a loss to raise funds to go long on ETH on Hyperliquid. In the past month, Maji has sold 34 Bored Apes for a total of 326 ETH (approximately $514,000), incurring a loss of 399 ETH (approximately $631,000).Huang Licheng's biggest loss occurred on Bored Ape #6057, which he purchased four years ago for 76.84 ETH and is now selling for only 7.65 ETH, resulting in a loss of up to 90%.Meanwhile, Huang Licheng has been forcibly liquidated multiple times on Hyperliquid. Just 3 hours ago, he was liquidated again, leaving only $81,000 in his account.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0015%. Among the current mainstream exchanges, the funding rate for Binance is -0.0053%, OKX is 0.0016%, Bybit is -0.0038%, and Gate is 0.0002%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0024%. Among the current mainstream exchanges, the rate for Binance is 0.0043%, OKX is 0.0041%, Bybit is -0.0034%, and Gate is 0.0076%.

According to CoinDesk, Binance founder Zhao Changpeng stated that the significant decline in the crypto market in the first half of 2026 does not have a single cause. Geopolitical tensions, investors shifting funds to AI, and the typical four-year cycle of crypto may collectively lead to the continued decline of Bitcoin and other crypto assets. Bitcoin reached a historical high of over $126,000 last October and has since fallen by about 50%. At the beginning of this year, Bitcoin opened near $89,000, briefly rose to just above $96,000, and then dropped to around $60,000.In the long term, the crypto industry will continue to develop, and the demand for fintech will increase as the number of transactions continues to rise, so they are not concerned about the industry itself or short-term price fluctuations. They stated that emerging industries like AI are absorbing "hot money" from the crypto sector, but in the long run, this could be a positive factor. When discussing prediction markets, Zhao Changpeng mentioned that the rapid growth of prediction markets as tools for price discovery and liquidity is a good thing for the public.Regarding regulation, Zhao Changpeng stated that separate bills like the U.S. Clarity Act are important but more tactical matters that will not determine the long-term growth of the crypto industry. He hopes the Clarity Act can pass and believes that if U.S. legislation is delayed, other countries may take the lead in advancing rule-making.Zhao Changpeng also mentioned that if the U.S. Democratic Party regains control of at least one chamber of Congress after the midterm elections, there may be a review of Trump's support for the crypto industry and his pardons for crypto executives. Zhao Changpeng stated he "has nothing to hide" and is willing to cooperate if relevant parties seek information. When discussing political influence, Zhao Changpeng said he tries to stay away from U.S. politics but believes that any anti-crypto individuals may now lose a significant number of votes.

According to Reuters, Nasdaq has confirmed that SpaceX (SPCX) will be included in the Nasdaq 100 Index on July 7, which may bring a wave of passive fund buying for the stock. Inclusion in the index typically boosts stock prices, as ETFs that track the performance of the relevant index need to purchase shares of newly included companies. JPMorgan expects that SpaceX's inclusion in the Nasdaq 100 Index could bring in $4.3 billion in passive fund inflows.SpaceX went public on Nasdaq on June 12. To attract more companies to list in the U.S., Nasdaq and index providers such as FTSE Russell and MSCI have previously relaxed some inclusion requirements, including profitability, days since listing, and the number of tradable shares. SpaceX has fluctuated between significant losses and small profits over the past three years, with a net loss of $4.9 billion last year.Michael Field, Chief Equity Market Strategist at Morningstar, stated, "Clearly, there is strong market demand, which is why they are quickly including it in the index." He added that many people will be satisfied with this, but some fund managers and skeptics may not agree, as Morningstar believes the stock is overvalued. Investors typically gain broader market exposure through funds that track the Nasdaq 100 Index, such as Invesco's QQQ and QQQM. Additionally, large language model companies like OpenAI and Anthropic are also expected to submit IPO applications this year or next and may seek valuations exceeding $1 trillion.However, S&P Global stated this month that it will not adjust the requirements for SpaceX to enter major indices like the S&P 500 and will consider including it in relevant indices only after at least 12 months.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0004%. Among the current mainstream exchanges, the rate on Binance is -0.0006%, OKX is -0.0018%, Bybit is -0.0014%, and Gate is -0.0037%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.003%. Among the current mainstream exchanges, the rate for Binance is 0.0042%, OKX is 0.0051%, Bybit is 0.0006%, and Gate is 0.003%.

According to on-chain detective ZachXBT's monitoring, it was found that signs of mixing appeared in the funds stolen from the Humanity Protocol and Kelp DAO vulnerability attacks one hour ago, indicating that there may be an overlap between the attackers of these two incidents.Based on this new evidence, it can be largely ruled out that the theft case of Humanity Protocol was committed by an insider.