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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.

Ethereum core developer Terence posted on the X platform that the Ethereum Glamsterdam devnet-6 has been released, and significant progress has been made in the testnet. EIP-8282 introduces ePBS builder execution requests, which include two new system contracts. On the execution layer, based on the work from post-bal-devnet-7, EIP-2780, 8038 (repricing), 7997, 8246, and 8070 (optional) have been added, and modifications have been made to EIP-7954 (64 KiB), 8037 (source-based refunds), and 7928 (BAL×7702 preheat maintaining status quo).

According to Bloomberg, the merger vote between Cantor Fitzgerald affiliate Cantor Equity Partners I Inc. and Adam Back's digital asset treasury company BSTR Holdings Inc. has been postponed from June 26 to July 2. The statement indicated that the delay is related to the private placement matters previously disclosed by Cantor Equity Partners.The transaction has attracted significant attention due to the decline in cryptocurrency prices, which has led to a substantial shrinkage in the public market valuation of the digital asset treasury company, raising concerns about shareholder dilution. Cantor Equity Partners is a special purpose acquisition company that announced its merger with BSTR last July.

Pioneer of crypto punk Adam Back stated that the market's negative view on Strategy and its preferred stock STRC lacks basis, as what Strategy is essentially doing is selling Bitcoin to pay dividends, without changing its Bitcoin reserve strategy, and is precisely "proving that it is possible to pay returns to investors through Bitcoin while reducing debt ratios."Adam Back further pointed out that Strategy is demonstrating a new financial model to the market, where Bitcoin may become an alternative asset to cash for corporate asset management and capital operations in the future, while the FUD sentiment surrounding MSTR and STRC is exaggerated. Strategy will not "go to zero," and its long-term value lies in continuously holding Bitcoin and promoting the market's understanding of Bitcoin's monetary properties.

The Ethereum Glamsterdam hard fork entered the final development testnet phase on Tuesday, locking in ten EIP proposals, positioned as the largest protocol upgrade since the merge.The two core proposals are: EIP-7732, which directly writes the proposer-builder separation (ePBS) into the consensus layer, replacing the current reliance on off-chain relays like MEV-Boost; and EIP-7928, which introduces block-level access lists (BALs), allowing validators to process unrelated transactions in parallel. The combination of these paves the way for a 200 million Gas limit, increasing approximately three times from the current level of about 60 million, with theoretical throughput reaching around 10,000 TPS.On the user side, EIP-2780 is expected to make standard ETH transfers up to 71% cheaper. The mainnet activation date has yet to be determined and must first complete validation on the Holesky and Hoodi testnets. Based on historical rhythms, it is expected to go live between September and December 2026. The 200 million Gas limit is a design goal rather than a fork-enforced value, ultimately to be gradually increased by validators through Gas voting signals.

According to CoinDesk, Ethereum developers have entered the final development phase of the Glamsterdam upgrade, running a developer network (devnets) that includes all planned EIPs, which will then be deployed to the public testnet. Parithosh Jayanthi, a core developer at the Ethereum Foundation, stated that this is the final stage before codebase hardening and testnet launch, and although there is no fixed timeline, significant progress has been made. Glamsterdam is expected to launch on the mainnet in the second half of this year and is described as "the largest upgrade since the merge," which will change many assumptions about Ethereum and lay the groundwork for larger-scale expansions in the future.Key features include EIP-7732 (built-in proposer-builder separation), which incorporates a separation mechanism for block construction and proposal into the core protocol to reduce MEV manipulation opportunities; and EIP-7928 (block-level access lists), which allows blocks to declare in advance the accounts and contract data they will access, improving execution efficiency. Glamsterdam also includes a series of gas repricing that will significantly change the operational costs on Ethereum: high-computation operations will become cheaper, while state management costs will increase.

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.

Strategy founder Michael Saylor stated that the capital markets are providing funding for AI infrastructure on an unprecedented scale, with approximately $400 billion raised in the past six months. Saylor pointed out that since May 14, there has been about $4 billion in outflows from Bitcoin ETFs, putting pressure on BTC prices. However, he believes this is a rotation of capital rather than damage to Bitcoin itself. Saylor stated, "Volatility creates opportunity."

According to Bloomberg, Bank of America (BofA) has appointed its senior trading executive Adam Dixon to lead the bank's digital asset strategy. According to an internal memo, Dixon has been with the bank for over 20 years, previously serving as the head of global market financial resource management, and is now appointed as the global head of digital asset transformation, based in the London office, responsible for coordinating related initiatives across the company.In his new role, Dixon will help oversee several enterprise-level initiatives, including tokenized assets.

According to CoinDesk, the U.S. law firm Charles Gerstein has filed a petition in the Manhattan federal court, requesting an order for Tether to transfer over $344 million of frozen USDT to victims holding judgments against Iran for unpaid terrorism claims. These USDT were previously frozen by Tether after the U.S. Treasury Department's Office of Foreign Assets Control identified the related Tron wallets as belonging to the Islamic Revolutionary Guard Corps of Iran.The plaintiffs argue that since OFAC has designated the relevant wallets as owned by the Iranian Revolutionary Guard Corps, and Tether has frozen the related tokens, Tether can fully reissue an equivalent amount of USDT to a wallet controlled by the victims' attorney. This case is part of a broader legal strategy by Charles Gerstein aimed at leveraging the ability of crypto platforms to freeze and transfer digital assets to enforce terrorism-related judgments. Unlike the Arbitrum case involving North Korean-linked hacker funds, in this case, OFAC has clearly designated the relevant wallets as owned

The Ethereum Foundation disclosed the results of a recent interoperability meeting held by core developers in the Svalbard archipelago of Norway and updated the key technical progress for the next phase upgrade, Glamsterdam. During the meeting, multiple client teams collaborated on network scalability and execution layer optimization, making progress in several directions. Developers confirmed that based on the comprehensive results of ePBS, BAL optimization, and the EIP-8037 repricing mechanism, a consensus on the "trusted path" after Glamsterdam has been reached.In terms of the execution layer, ePBS (External Proposer Separation Architecture) has been stably running in the multi-client Glamsterdam-devnet, and the external block builder process has completed end-to-end testing, covering almost all client implementations. Meanwhile, EIP-8037 has been finalized, establishing the fixed cost_per_state_byte model, and complete repricing parameter output has been achieved in bal-devnet-6. The scalability direction Hegotá has also made progress. The FOCIL-related prototype has a runnable implementation, and the scope of account abstraction (AA) requirements has been defined, with the next phase entering the multi-client development network verification stage.Current development focus remains on the final implementation of Glamsterdam while advancing the Hegotá scalability design and subsequent Strawmap route evolution. The development network is online, and functionalities such as FOCIL are expected to continue deepening in the next phase of testing. At the organizational level, this interop meeting also marks the formal initiation of leadership structure adjustments within the Protocol Cluster. The new leaders include Will Corcoran, Kev Wedderburn, and Fredrik. Will Corcoran is responsible for zkVM proof and post-quantum consensus coordination, Kev Wedderburn leads zkEVM development, and Fredrik is in charge of protocol security and the Trillion Dollar Security project.Original Protocol Cluster leadership team members Barnabé Monnot and Tim Beiko will gradually step back from management roles, and Alex Stokes is entering a leave period. The foundation stated that during its term, the Protocol has completed modular advancement and facilitated the launch of the Fusaka upgrade (December 2025), introduced PeerDAS, and enhanced mainnet gas capacity.

The Ethereum Foundation published a summary of the Soldøgn Interop work, which has now basically completed the key goals of the Glamsterdam upgrade, including reaching consensus on the post-upgrade 200 million Gas Limit lower bound, achieving stable operation of the ePBS external Builder process, and finalizing the EIP-8037 Gas repricing parameters.The focus of the Glamsterdam upgrade is to enhance security by increasing the Gas Limit to expand Ethereum's throughput, while EIP-8037 will prevent state bloat caused by a high Gas Limit by raising the cost of state creation. The Ethereum Foundation also stated that most clients have completed stable operation on glamsterdam-devnet-2 and successfully tested the entire external Builder process. Additionally, substantial progress has been made on FOCIL, native account abstraction, and Hegotá upgrade-related features. In the coming weeks, core developers will continue to advance client hardening, testing improvements, and code merging, with final parameters to be publicly confirmed in the AllCoreDevs meeting.

The Ethereum Foundation published a summary of the Soldøgn Interop work, which has now basically completed the key goals of the Glamsterdam upgrade, including reaching consensus on the post-upgrade 200 million Gas Limit lower bound, achieving stable operation of the ePBS external Builder process, and finalizing the EIP-8037 Gas repricing parameters.The focus of the Glamsterdam upgrade is to enhance security by increasing the Gas Limit to expand Ethereum's throughput, while EIP-8037 will prevent state bloat caused by high Gas Limits by increasing the cost of state creation.The Ethereum Foundation also stated that most clients have completed stable operation on glamsterdam-devnet-2 and successfully tested the entire process of external Builders. In addition, substantial progress has been made on FOCIL, native account abstraction, and Hegotá upgrade-related features. In the coming weeks, core developers will continue to advance client hardening, testing improvements, and code merging, with final parameters to be publicly confirmed at the AllCoreDevs meeting.

AAVE announced the technical implementation plan for the recovery of rsETH, which aims to advance the repair in three phases: supplementing ETH collateral, clearing affected positions, and restoring market parameters, in order to restore complete collateral support for rsETH and return the market to normal operations.The plan indicates that DeFi United has coordinated to obtain the ETH commitments needed for recovery, which will be restored through batch conversions and injected into the bridging locked contract to support rsETH; at the same time, it plans to clear the affected positions in Aave and Compound through a governance proposal, recovering approximately 107,000 rsETH related excess collateral and gradually lifting the freeze status on related assets.

According to a Bloomberg report citing Jefferies, a hacker attack on small crypto projects over the weekend, involving nearly $300 million, and the subsequent $10 billion fund run at the largest decentralized lending platform (the KelpDAO and Aave incident), may weaken Wall Street's interest in blockchain technology.Andrew Moss, an analyst at Jefferies' digital asset research team, pointed out that over the past year, banks, asset management companies, and payment institutions have been developing blockchain products similar to the technology system exploited by North Korean hackers. The report suggests that while such incidents are unlikely to directly impact traditional financial markets, it warns that traditional financial institutions may pause related processes and reassess risks before further advancing blockchain business.

Bloomberg cited a report from Jefferies LLC stating that a hacker attack over the weekend that siphoned nearly $300 million from a small crypto project, along with the resulting $10 billion fund run at the largest decentralized lending platform, may slow Wall Street's interest in blockchain technology.Andrew Moss, an analyst at Jefferies' digital asset research team, pointed out that banks, asset management companies, and payment institutions have been developing blockchain products similar to the technology systems exploited by North Korean hackers over the past year.While the report believes this incident is unlikely to impact traditional financial markets, it warns that traditional financial institutions may pause and reassess the associated risks before further advancing their blockchain initiatives.

According to DL News, the major Russian cryptocurrency exchange Grinex has ceased operations due to a suspected major cyber attack, reportedly resulting in losses exceeding 1 billion rubles (approximately 13 million USD). The platform claimed on Telegram that the attack showed "signs of involvement from foreign intelligence agencies."Grinex is the successor to the previously sanctioned and closed Garantex exchange, providing a financial channel for the Russian economy to evade sanctions. Experts point out that Grinex's closure is not only due to the hacker attack itself but, more importantly, it removes the trading platform that Russian businesses relied on to convert rubles into usable international currencies, causing "serious damage" to the infrastructure that allows Russia to evade sanctions, making it more difficult for the Russian economy to escape the pressure of sanctions.The exchange was sanctioned by Western authorities such as the U.S., U.K., and the European Union in August 2025. Meanwhile, the Russian economy continues to weaken, with Putin revealing that GDP fell by 1.8% in January-February this year, and maritime oil exports may drop to their lowest level since 2023.

According to the official announcement, the Binance Alpha blind box is now live. The airdrop pool includes tokens from three projects: Hana Network (HANA), Reservoir (DAM), and Alaya Governance Token (AGT). Users holding at least 242 Binance Alpha points can claim the airdrop.

Blockstream CEO Adam Back stated that Bitcoin should adopt an optional quantum-resistant upgrade scheme, rather than the mandatory freezing of tokens at risk from quantum threats proposed in BIP-361.The BIP-361 proposal suggests phasing out addresses vulnerable to quantum attacks over five years and ultimately freezing un-migrated tokens, including assets held by Satoshi Nakamoto. Google's latest research indicates that a superconducting qubit system may need fewer than 500,000 physical qubits to crack Bitcoin encryption in just a few minutes. Currently, about 6.9 million BTC are at risk from such threats. In response to the quantum threat, BitMEX Research proposed establishing a canary fund that would implement a full freeze only when expenditures occur from the relevant addresses.