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According to The Block, the operational data for June disclosed by publicly listed Bitcoin mining companies CleanSpark, BitFuFu, and Canaan shows that the Bitcoin production of all three companies declined compared to May. Among them, CleanSpark produced 614 BTC in June, down from 671 BTC in May; BitFuFu produced 125 BTC, down from 177 BTC the previous month; and Canaan produced 64 BTC, down from 90 BTC the previous month.The report points out that the reasons for the production decline vary among the three companies. CleanSpark's average operating hash rate in June decreased from 46 EH/s to about 43 EH/s; BitFuFu's total hash rate dropped from 19.5 EH/s to 15 EH/s, mainly affected by a decrease in hosted hash rate, although its self-owned hash rate has risen to 3.5 EH/s; Canaan attributed part of the production decline to maintenance of the power grid at some mining sites.It is worth noting that the aforementioned production decline occurred after the Bitcoin mining difficulty was reduced by over 10% in mid-June, reaching a new low since 2026.

Changxin Technology (688825.SH) announced that the company will conduct its initial public offering and list on the Sci-Tech Innovation Board, with an issue price of 8.66 yuan per share. Investors are requested to subscribe online and offline at this price on July 16, 2026 (T day), with no need to pay subscription funds at the time of application.Among them, the offline subscription time is from 9:30 to 15:00, and the online subscription time is from 9:30 to 11:30 and 13:00 to 15:00. The total number of initial shares issued is 66,880,886.08 shares, accounting for approximately 10.00% of the total share capital after issuance, and granting CICC an over-allotment option not exceeding 15.00% of the initial shares issued.The price corresponds to a diluted price-to-earnings ratio of 308.92 times for 2025, based on the lower of pre- and post-deduction earnings (without exercising the over-allotment option), which is higher than the industry average price-to-earnings ratio of 76.32 times and the average price-to-earnings ratio of comparable companies of 134.62 times. The total amount of funds raised is expected to be approximately 57.919 billion yuan (before the exercise of the over-allotment option), with a net amount of approximately 57.638 billion yuan after deducting issuance expenses.

The total circulation of stablecoins has fallen by about $10 billion from the peak in May 2026 to about $312 billion, with a decrease of $7.7 billion in June alone, marking the largest single-month dollar decline since the Terra-Luna event in 2022. The supply of Tether USDT decreased from about $190 billion to about $184 billion, while Circle USDC fell from nearly $80 billion to about $73 billion. However, the overall decline is only about 3%, far lower than the over 26% contraction during the bear market from 2022 to 2023.Market participants believe this fluctuation is a normal adjustment within a strong long-term growth trend, as the market value of stablecoins has doubled in two years. There was also a decline of about $9 billion from late 2025 to early 2026, followed by a return to historical highs. Positive factors include regulatory progress such as the GENIUS Act driving new competitors into the market, the circulation growth of regulated products like Global Dollar (USDG) under Paxos, and major financial institutions still expecting the stablecoin market to reach trillions of dollars by the end of this decade.

According to Jinshi reports, analyst Eamonn Sheridan expects the U.S. Consumer Price Index for June to decrease by 0.2% month-on-month, marking the first recorded decline since the pandemic, primarily driven by a 15% drop in gasoline prices from mid-May to the end of June.The annualized inflation rate is expected to slow from 4.2% in May to 3.8%. Core CPI is expected to rise by 0.2% month-on-month, with the annualized core inflation rate expected to slightly decrease to 2.8%. The annualized growth rate of service inflation is 3.4%, higher than 2.9% in January.

Coinbase Institutional stated that U.S. non-farm employment was far below expectations, but the escalation of conflicts in the Middle East has brought inflation risks back into focus for the market. The market is shifting towards pricing "higher interest rates for a longer duration," financial conditions are tightening further, long-term risk assets are under pressure, and the probability of another interest rate hike within the year is also increasing.Amid multiple negative factors, BTC only fell by about 2%, and this relatively resilient performance may indicate that the market is undergoing a bottoming process.

According to Jinshi reports, the Joint Maritime Information Center led by the U.S. Navy stated that the maritime blockade implemented by the U.S. covers the entire coastline of Iran, including but not limited to various ports and oil terminals in Iran.

Token Terminal data shows that despite a cumulative decline of about 42% in the overall total locked value (TVL) of DeFi over the past 365 days, the USDC deposit scale on the lending protocol Morpho has grown by about 86%, reaching approximately $2.8 billion.The data indicates that amidst the overall slowdown in DeFi growth, funds continue to flow into on-chain lending protocols represented by Morpho, reflecting that the market demand for USDC yield-bearing lending products remains strong.

According to CoinDesk, Jurien Timmer, the Global Macro Director at Fidelity, stated that Bitcoin is approaching the bottom support line of its "power law model" constructed based on the complete price history of Bitcoin. This long-term support level is currently around $58,000, while the current price of Bitcoin is approximately $62,700, gradually nearing this area, or may have already entered the "accumulation zone" defined by the model.However, Jurien Timmer did not confirm that the market has bottomed out, but believes that Bitcoin may not experience a rapid rebound immediately. Instead, it is expected to fluctuate around the long-term support line for several months. Short-term capital has previously exited, and the flow of funds has rotated from Bitcoin to gold, and then from gold to the semiconductor sector. Currently, the market's pursuit of hot sectors is still mainly concentrated in the semiconductor field.

The Websea offline summit was successfully held, bringing together hundreds of industry partners, channel representatives, market elites, and regional operation center teams to exchange ideas on transaction innovation, market growth, and long-term value opportunities.The holding of this summit releases a positive signal that Websea's market strategy is accelerating comprehensively. Currently, Websea is continuously advancing the layout of regional operation centers, global BD recruitment, channel cooperation upgrades, and regional market expansion, with multiple business lines working simultaneously to further expand the platform's market coverage, channel scale, and ecological influence.In the future, Websea will continue to focus on product innovation as the foundation, channel growth as the core, and market implementation as the driving force, working hand in hand with outstanding global teams and partners to build a more vibrant and long-term valuable digital asset ecosystem.

According to CoinDesk, the stablecoin market experienced its largest correction in recent years in June, with a total market value decrease of $7.7 billion, marking the largest monthly decline since the Terra-Luna collapse in May 2022.Since the peak in May, the stablecoin market has shrunk by approximately $10 billion, with two major stablecoin issuers being the main driving factors behind this round of correction: the market value of USDT issued by Tether has dropped from about $190 billion in May to $184 billion, a decrease of about $6 billion; USDC issued by Circle has fallen from a high of nearly $80 billion in March 2026 to about $73 billion, shrinking by about $7 billion.However, compared to the cumulative decline of over 26% in the stablecoin market during the crypto winter of 2022, this round of adjustment is still relatively mild. Wall Street institutions remain optimistic about the long-term prospects of stablecoins, with Citigroup previously estimating that the global stablecoin market could reach $1.9 trillion under a baseline scenario by 2030, and could rise to $4 trillion under an optimistic scenario.

The Bitcoin BIP-110 proposal is approaching its deadline in early August, with current miner support below 1% and the current cycle at 0, with no major mining pools supporting it. BIP-110, which stands for "Reducing Data Temporary Soft Fork," plans to limit OP_RETURN data capacity within a year, prohibiting most arbitrary data writes exceeding 256 bytes and restricting certain script formats primarily used for data storage. Strategy founder Michael Saylor and Blockstream co-founder Adam Back have both publicly opposed BIP-110.Data shows that BIP-110 adopts a user-activated soft fork mechanism, setting a 55% miner signal threshold, with the proportion of nodes running BIP-110 software in single digits, mainly from Bitcoin Knots users. The current signaling cycle for this proposal will end around block height 959,615, expected to enter a voluntary lock-up period in early August, with plans to activate around September. If widespread support is still lacking by then, it may lead to a minority of nodes forming a separate chain.

According to CoinDesk, the Ethereum Foundation recently disclosed that its security team used AI agents to test the software running on Ethereum validator nodes and successfully discovered a remotely triggerable vulnerability that could cause node crashes. However, researchers emphasized that human review remains a key step in distinguishing real vulnerabilities from false positives among the large number of security reports generated by AI.It is reported that the discovered vulnerability exists in the Ethereum network message propagation protocol gossipsub, where an attacker can remotely trigger the node software to enter an abnormal computation state, causing the program to crash and shut down, making the validator node go offline until the operator manually restarts it. This vulnerability has been fixed and registered under the identifier "CVE-2026-34219."Nikos Baxevanis, a member of the Ethereum Foundation's protocol security team, stated that what was truly surprising about this incident was not the AI's ability to discover vulnerabilities, but rather the amount of time the team spent discerning which vulnerabilities were real and which were merely seemingly credible "illusions."

According to The Block, the latest report "Merged Ethereum" released by the Cambridge Centre for Alternative Finance (CCAF) shows that approximately 31% of Ethereum node activity is located in the United States, and 39% is distributed across the European Union (excluding the UK), presenting an overall Western centralization pattern.The report points out that there are potential centralization risks in the Ethereum network—nodes are highly concentrated among three major hosting service providers: Hetzner, AWS, and OVH. If more than one-third of the validators go offline simultaneously, the network checkpoints will stop finalizing.In addition, the report recalculated Ethereum's energy consumption, estimating that the annual electricity usage after the merge is about 7.9 gigawatt-hours, a decrease of approximately 99.98% compared to before the merge, with sustainable energy accounting for over 56%. The cost needed to offset its annual carbon emissions is only about $33,500 to $73,800.

According to Jinshi reports, Bank of America Securities analysts stated in a report that the overall CPI in the United States may decrease by 0.09% month-on-month in June, partly due to a significant drop in gasoline prices. However, the core inflation rate is expected to remain high at 0.28% month-on-month or 2.9% year-on-year, partly because demand related to the World Cup is pushing up inflation in the service sector.Based on this forecast, analysts expect core PCE to be slightly stronger than CPI again.

According to Jinshi reports, the Federal Reserve released a semi-annual report, stating that the long-term inflation expectations indicator is "generally consistent" with the 2% target.

According to a report by Decrypt, Robinhood Chain quickly became one of the most active public chains in the crypto market just one week after its launch.Official data shows that Robinhood Chain processed over 17 million transactions in its first week, with nearly 350,000 active addresses and a protocol TVL of approximately $250 million. The cumulative trading volume on the DEX surpassed $1 billion. On Wednesday, the single-day trading volume reached $568 million, with a 24-hour DEX trading volume of about $433 million, surpassing Hyperliquid and ranking fifth in the entire network.Driven by the explosive growth of the ecosystem, Meme coins on Robinhood Chain performed strongly, with Cash Cat's market capitalization exceeding $180 million, and tokens like Dog In Hood, Hoodrat, and Robinhood Summer seeing increases of several times or even dozens of times. Reports indicate that some traders turned $800 into over $1 million, while another user increased $85 to $2 million.As the underlying technology provider for Robinhood Chain, Arbitrum (ARB) has benefited significantly, with ARB rising about 20% on the day. According to the mechanism, Robinhood Chain will return 10% of the protocol's net income to the Arbitrum ecosystem.However, the report points out that currently, the activity of Robinhood Chain is still mainly driven by Meme coins, and whether it can smoothly transition to RWA and other application scenarios planned by Robinhood in the long term remains to be seen.

The "GasFree & WebX Japan Online Challenge" has officially launched, and the event will run until July 15. This challenge is designed for global users who cannot attend the Tokyo WebX 2026 in person, allowing online users to enjoy exclusive benefits with zero barriers to participation.Participants only need to follow @DeFi_JUST, like and retweet the post, and share in the comments what attracts them most about GasFree to share in a 200 USDT base prize pool; when the number of valid comments exceeds 300, the ultimate 400 USDT prize pool will be unlocked immediately------among which 5 winners of the quality comment prize will each receive 50 USDT, and 15 lucky participation prize winners will each receive 10 USDT.Multiple layers of benefits are added, allowing you to experience the charm of GasFree's gas-free trading at zero cost from the comfort of your home, feeling true simplicity and freedom.

CryptoQuant posted on platform X that Binance's stablecoins are experiencing structural outflows. Over the past 30 days, USDC holdings have decreased from $5.75 billion to $4.6 billion, a drop of about 21.6%; USDT-ETH saw significant withdrawals of nearly $1 billion and $838 million on June 26 and July 7, respectively. Last week, Binance's stablecoin had an average daily net outflow of $115 million.The report states that stablecoins are a key liquidity reserve for the market to absorb selling pressure, and simultaneous outflows typically indicate a conservative capital trend, with liquidity shifting towards cold wallets, DeFi protocols, or over-the-counter trading. The current environment is different from the previous phase where capital circulated among stablecoins, showing a simultaneous decoupling. After over $1 billion in liquidity has flowed out, the market's ability to buffer volatility is declining. CryptoQuant warns that if exchanges lack sufficient cash to cope with structural sell-offs, the market will be more sensitive to sudden fluctuations, and a sustainable bottom will require waiting for new inflows of stablecoin funds.

According to official news, TAC issued a statement regarding the significant price drop in the past 24 hours, stating that the protocol was not attacked, on-chain assets are secure, and the system is operating normally; the team and early investors did not participate in the sell-off, and the related tokens are still within the lock-up and vesting period, with no possibility of unlocking at this stage.