vest

According to on-chain analyst @ai_9684xtpa, a new address withdrew 61.35 WBTC from Binance again 30 minutes ago. Since June 30, it has accumulated 19,725.38 ETH and 161.35 WBTC, with a total value of 41.5 million USD and an unrealized profit of 3.59 million USD.

Tether CEO Paolo Ardoino posted on the X platform, stating that large AI tech companies are acquiring users through subsidized computing power and continuously investing in high-cost infrastructure and capital expenditures, but related assets face rapid depreciation pressure of about 3 to 5 years.He pointed out that there are multiple mismatches in the current industry, including the mismatch between token prices, profit timelines, and the maturity of capital costs; meanwhile, open-source AI is also continuously eroding the industry's growing revenue share.

According to The New York Times, as of the end of June, nearly 1 million investors participated in various Trump-themed token investments, with a total loss of $3.81 billion. Crypto analytics firm Nansen analyzed the trading mechanism and stated that the fee distribution rules of the related tokens allow Trump to profit in both rising and falling markets, with the core revenue coming from the continuously generated trading fees.His social platform Truth Social has repeatedly promoted related tokens, further stimulating market trading activity and amplifying retail participation. Data shows that Trump shifted his conservative stance on cryptocurrencies during the 2024 campaign phase, laying out a strategy for the commercialization of digital assets; the TRUMP token launched on the eve of his inauguration was defined by the market as a purely speculative asset with no actual application value, experiencing a significant correction after its launch, leaving many retail investors who entered at high prices deeply trapped.

According to Bloomberg, citing informed sources, SK Hynix Inc. is considering paying underwriting fees of approximately 0.5% of the total fundraising amount to investment banks participating in its U.S. listing project. This deal is expected to become one of the largest stock issuances in history.Informed sources stated that although SK Hynix has indicated plans to issue new shares equivalent to a maximum of 2.5% of the company's total equity, the final issuance scale has not yet been determined, which will directly affect the amount of underwriting fees that the investment banks will ultimately receive.Additionally, SK Hynix may also pay extra discretionary bonuses to the investment banks involved in the transaction, beyond the basic underwriting fees. Informed sources mentioned that discussions are still ongoing, and the final agreement details may still change.

Cryptocurrency analyst Darkfost published an on-chain indicator interpretation on the X platform, analyzing the current profit and loss structure of Bitcoin positions in the market through the core economic indicator TMM (True Market Mean) and the AVIV ratio. The TMM indicator excludes long-term untransferred and partially permanently lost dormant Bitcoins, only accounting for the average holding cost of actively traded chips in the market, with the current value around $76,700. This level has become a significant price resistance, as during the May market, when the price reached this point, many investors exited to break even.The accompanying AVIV (Active Value / Investor Value) ratio currently hovers around 0.8, within the valuation discount range, indicating that the average floating loss for all active BTC investors is 20%. Historically, at the bottom of bear markets, this indicator has dropped to 0.5 to 0.6, corresponding to investor losses of 40%-50%. The current loss magnitude has not yet reached extreme bear market levels.The analyst also pointed out that even with a large influx of institutional funds and Bitcoin ETFs injecting massive liquidity in this cycle, Bitcoin still follows its own cyclical patterns. In the short term, there is no need to wait for the indicators to drop to historically extreme low levels before a rebound occurs, but it is necessary to acknowledge the current pressured environment of widespread losses among market participants.

According to CCTV News, the Shanghai Baoshan District Prosecutor's Office announced a case yesterday, where the defendant Huang was involved in smuggling abroad to participate in telecom fraud activities, enticing victims to invest in virtual currency. After the Myanmar Miaowadi Park was disbanded, Huang continued to engage in "pig butchering" fraud, using AI face-swapping and communication with foreign models to gain the victims' trust, and then guiding them to participate in cryptocurrency investments.Subsequently, the team leader would connect with the victims, deceiving them into registering, recharging, and investing on fake websites, ultimately being sentenced to two years and six months in prison for fraud, along with a fine of 30,000 yuan.

According to Hyperbot data, Huang Licheng has just opened long positions in BTC and HYPE again, with a total position value of approximately $570,000 and an investment return rate of 125%. The specific position details are as follows:25x leverage Ethereum long position: 6,100.0000 ETH, average entry price currently reported at $1,668;40x leverage Bitcoin long position: 9.00000 BTC, average entry price currently reported at $62,519;10x leverage HYPE long position: 2,100.00 HYPE, average entry price currently reported at $71.

The Kobeissi Letter stated that foreign investors are flooding into the U.S. stock market at a record pace. The cumulative amount of global investment funds flowing into U.S. stocks since the beginning of the year has risen to about 2.5% of their total assets under management. Since May alone, this ratio has more than doubled. In contrast, the average outflow during the same period from 2002 to 2025 was 0.3%, and the current level is significantly higher than the historical average.If we exclude the top 10% of years with the highest inflows and the bottom 10% of years with the highest outflows from 2002 to 2025, the average amount of global funds flowing into U.S. stocks during the same period is about 1.5% of total assets under management. The speed of inflows into U.S. stocks this year has already surpassed the total inflow for the entire year in the middle 50% of years since 2002, and current demand for U.S. stocks is at an unprecedented level.

According to on-chain analyst Yu Jin's monitoring, the digital asset technology company KR1, listed on the London Stock Exchange, transferred 3.7 million LDO to Kraken one hour ago, equivalent to approximately 990,000 USD at current prices. KR1 is also an investor in Lido.Considering its current holding structure, the assets held by KR1, including ETH, DOT, NXM, RED, LDO, ATOM, and TIA, have generally experienced significant drawdowns this year, and this transfer may be related to asset adjustment needs.

According to official news, Gate will launch a special gift event for new users from July 2, 16:00 to July 9, 16:00 (UTC+8). During the event, new users who complete their first flash exchange can participate in multiple rewards: for a single first exchange of 1 USDT, they will receive a 100% chance to win a mystery box lottery, with a maximum prize of 888 USDT in cash; for a first exchange of 200 USDT, they will also receive an additional cash reward of 2 USDT and 1 chance to enter the mystery box lottery; users who accumulate a flash exchange trading volume of 1,000 USDT can claim a cash reward of 20 USDT. The total prize pool for the event is 60,000 USDT, and rewards are available on a first-come, first-served basis.In addition, Gate will launch the fourth phase of the flash exchange regular investment benefits from July 3, 16:00 to July 17, 16:00 (UTC+8), where an individual can receive rewards worth up to 1,300 USDT. During the event, new users who complete their first flash exchange and successfully create a regular investment strategy with a successful deduction can receive up to 300 USDT in dual-currency financial experience; users who continuously complete flash exchanges and regular investment check-ins for 3 days and 7 days can receive 300 USDT and 600 USDT in dual-currency financial experience, respectively. At the same time, users who accumulate a regular investment trading volume of 100 USDT or an accumulated flash exchange trading volume of 500 USDT can share two prize pools of 10,000 USDT each based on their trading volume proportion, with a maximum of 400 USDT in dual-currency financial experience available per individual.

Data from Bank of America shows that investors are exiting the U.S. stock market at the fastest pace since March. For the week ending July 1, U.S. stock funds experienced a net outflow of $17.2 billion, marking the first net outflow of funds in three months. The data indicates that the Japanese stock market saw the largest inflow of funds in seven weeks, reaching $1.9 billion.

The New York AI investment research platform LinqAlpha announced the completion of a $22 million Series A financing round, led by AVP, Atinum Investment, and GFT Ventures, with participation from several financial and venture capital institutions from Asia, Europe, and the United States, including Mirae Asset Venture Investment, Hana Ventures, and Shinhan Venture Investment. To date, its total financing has reached $28.6 million. The company provides an AI market intelligence platform for institutional investors, helping investment teams process complex market information through dedicated AI agents. The new funds will be used to enhance market data integration and expand application scenarios for stock, macro, credit, and multi-asset investment strategies.

Ripple co-founder and executive chairman Chris Larsen has been reported to be involved in investing in the derivatives trading platform American Perpetuals Exchange Corp. (APEC), founded by New York Senator Kirsten Gillibrand's son, Theodore Gillibrand. The platform has raised $30 million, with most investors contributing between $5,000 and $10,000. The amount invested by Chris Larsen is unknown. Previously, Kirsten Gillibrand publicly stated that "members of Congress and government officials should not profit from the industry due to their insider status," but her spokesperson responded that Gillibrand has "no involvement" in her son's business.

According to informed sources, U.S. regulators are investigating allegations made by Susquehanna International Group. The allegations claim that unknown insider traders profited $100 million through options bets before recent regulatory crackdowns on cross-border brokers Futu and Tiger Brokers in China. Susquehanna publicly disclosed these allegations in a lawsuit filed on June 29 in Manhattan federal court. Sources indicate that the U.S. SEC is reviewing the trades described in the market maker's complaint.Susquehanna claims in the lawsuit that it lost over $70 million as the counterparty to most of the alleged insider trading. The lawsuit states that traders purchased U.S. exchange-traded options from Chinese securities firms, which subsequently became targets of the regulatory crackdown on May 22. The scope and stage of the SEC investigation remain unclear. A U.S. judge approved Susquehanna's request to freeze related accounts on June 29. The Chinese government stated that Futu and Tiger Brokers provided unlicensed trading services to mainland residents. Following the announcement on May 22, the stock prices of both companies fell. Futu was fined 1.85 billion yuan in regulatory penalties, and founder Leaf Li's wealth decreased by $1.7 billion in a single day.

According to the Korea Exchange (KRX) announcement on July 2, to further improve the KOSDAQ market system, KRX has officially revised the relevant listing rules and implementation details, aiming to strictly control the deviation of technology special listing companies from their main business.The new regulations clearly state that companies listed through technology exceptions that change their main business direction within 5 years after listing (excluding businesses similar to or subsidiary to the original main business) will be subject to substantial delisting review. KRX officials specifically cited an example where a related biotechnology company transferred its management rights to an overseas digital asset company after listing last year and illegally transformed into a "cryptocurrency vault" and other digital asset professional investment institutions. KRX emphasized that such behavior has caused the company to deviate from the technical and growth assessment basis approved at the time of listing, and therefore must undergo strict delisting review.In addition, the new regulations have added additional restrictions to the grace period for delisting conditions enjoyed by special listing companies (i.e., exemption from revenue insufficiency or large-scale losses within 3 to 5 years), requiring relevant companies to publicly disclose their "corporate value enhancement plans" during this period to ensure future growth and strengthen communication with investors. This revision of regulations also includes measures to optimize the capital market, such as expanding customized qualitative review standards for innovative companies and establishing a low PBR (price-to-book ratio) company disclosure system.

According to BBX data, the prediction market faced a dual attack yesterday, with traditional exchange infrastructure accelerating its on-chain transition. The core dynamics are as follows:The prediction market/event contract ecosystem where Robinhood Markets, Inc. (NASDAQ: $HOOD) operates suffered a dual regulatory blow yesterday: first, the U.S. Commodity Futures Trading Commission (CFTC) has launched a comprehensive investigation into Polymarket (privately held), covering its social media activities and suspected wash trading behaviors; second, a Michigan court ruled to prohibit Kalshi (privately held) from offering sports betting services to residents in Michigan. Although these two incidents directly target Polymarket and Kalshi, their strategic importance to Robinhood cannot be ignored—Robinhood provides event contract products linked to KalshiEx LLC or ForecastEx LLC through its subsidiary Robinhood Derivatives LLC, making it the largest distribution channel for prediction markets among regulated brokers in the U.S. The CFTC's escalation of enforcement investigations into similar platforms will directly impact Robinhood's event contract business compliance framework and product expansion speed; in June, the average daily trading volume in this sector reached a historic record.Nasdaq, Inc. (NASDAQ: $NDAQ) announced yesterday that it has chosen Pyth Network (on-chain price oracle protocol) as its on-chain distribution partner for TotalView (Nasdaq's full market depth data product), marking the first time Nasdaq has integrated its core institutional-level market data into a blockchain network—TotalView provides full-level buy and sell quotes and transaction data for the U.S. stock market, historically only available to traditional financial institutions (subscription-based); on-chain distribution means that DeFi protocols, decentralized exchanges, and smart contracts can now access Nasdaq-level real-time equity market data as an on-chain pricing basis for the first time. The Pyth Network token (PYTH) subsequently rose by over 6%, with the market interpreting this as a historic fusion point between traditional securities market infrastructure and decentralized finance.

According to The Block, Ark Invest, led by Cathie Wood, purchased nearly $18 million worth of Circle Internet Group stock on Wednesday, with CRCL dropping to $61.95 that day, a cumulative decline of 41% over the past month.