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Syscoin released a bridge security incident report, disclosing details of the UTXO-to-NEVM bridge vulnerability incident, which reportedly led to approximately 5 billion SYS being unauthorizedly released on the UTXO side. The related funds have since been returned to the official recovery address and destroyed through the standard OP_RETURN method, making them unusable by the protocol again. The on-chain reported SYS supply has been restored to the expected value, and the bridge function remains suspended while the team completes the final review and fixes.Syscoin pointed out that it will fix the cross-layer parsing defects. The core lesson from this incident is that cross-layer systems must uniformly standardize data processing, and any ambiguous bridge proof should be considered a default failure.

The stablecoin infrastructure platform Interlace announced a joint initiative with multiple ecological partners including X-Agent, Cobo, BlockSec, Stable, Conflux, Bitget Wallet, and Hetu to launch the white paper titled "The Value Transmission Layer of the AI Economy: From Concept to Implementation."The white paper systematically proposes the eight-layer architecture of Agentic Payment infrastructure for the first time, covering key aspects such as Agent applications, payment execution, custody and governance, trust and compliance, stablecoin settlement, public blockchain foundation, user access and liquidity, and causal verification. All parties believe that the value flow of the AI economy requires cross-domain collaboration, rather than being accomplished independently by a single protocol or product.The white paper is expected to be officially released in the next 1 to 2 months, during which in-depth discussions will be held on core topics such as AI Agent payment permissions, compliance risk control, and cross-chain interoperability.

Syscoin released a bridge security incident report, disclosing details of the UTXO-to-NEVM bridging vulnerability incident. It is reported that this incident led to approximately 5 billion SYS being unauthorizedly released on the UTXO side. The related funds have since been returned to the official recovery address and destroyed through the standard OP_RETURN method, making them unusable by the protocol again, and the on-chain reported SYS supply has been restored to the expected value. The bridging function is currently still suspended, and the team is completing the final review and repair.

This morning, Strategy founder Michael Saylor proposed the concept of "Modern Digital Asset Stack," believing that Bitcoin is not only digital capital but will also become the underlying foundation for financial products such as digital credit, digital money, digital yield, and digital equity, driving Bitcoin's evolution from a single asset to a global financial architecture.Saylor stated that Bitcoin does not require protocol modifications, staking, or issuance increases, and its volatility can be transformed into yield-generating products through capital structure. Among them, digital credit represented by STRC-type products can provide yields, while digital money can build stable value instruments with a yield of about 6%-8% by combining Bitcoin-supported credit assets with cash equivalents.He believes that in the future, stablecoins, payment networks, wallets, exchanges, and DeFi protocols can all operate based on Bitcoin-supported capital structures, providing digital capital, yield products, and stable value assets for investors with different risk preferences.Saylor emphasized that Bitcoin will still maintain a fixed supply cap of 21 million coins, and the vast majority of innovations should occur at the levels of custody, securities, credit, payment systems, and capital markets, rather than changing the Bitcoin protocol itself, stating, "Bitcoin is digital capital, and the world will build a financial system on top of Bitcoin."

Imran Khan, co-founder of Alliance, stated on the X platform that he remains optimistic about the development prospects of the cryptocurrency industry, noting that the market has previously overestimated the speed at which cryptocurrency would become the next mainstream computing paradigm. Many had originally expected cryptocurrency to lead the next platform revolution, but ultimately, it has largely been artificial intelligence (AI) that has taken on this role.Khan pointed out that over the past decade, a significant amount of capital has flowed into the cryptocurrency industry, but a considerable portion of that funding has been used for overbuilding. The industry has not focused on a few applications with clear advantages but has attempted to reshape multiple fields such as finance, social networking, and governance simultaneously. The adjustments and consolidations currently experienced in the market are essentially a natural return after previous overexpansion and do not mean that the core logic of the cryptocurrency industry has failed.He believes that the greatest path to success for the cryptocurrency industry may not be to first create a killer application, but rather to become the global financial infrastructure. As stablecoins, cryptocurrency wallets, tokenized stocks, and on-chain financial services reach more users through digital banking and ultimately serve AI agents, the cryptocurrency network will become the default value settlement layer of the internet. Once these infrastructures are widely adopted, innovations such as DAOs, decentralized markets, and machine-to-machine payments, which were previously difficult to implement due to timing, may finally see true large-scale application opportunities.

The Ethereum Layer 2 network Ink, incubated by Kraken, announced last night that the network is experiencing a full-chain outage, with current network availability being intermittent and services not yet stabilized.The official statement noted that before the chain returns to normal operation, user transactions and cross-chain bridging operations may experience instability. Ink is collaborating with its infrastructure partner Gelato to investigate the root cause of the failure and to advance network recovery efforts. As of the time of publication, Ink has not announced any further progress or recovery timeline.

The Ethereum Layer 2 project Movement, which fell into controversy shortly after its launch last year, is seeking transformation. Move Industries' new CEO Torab Torabi stated that Movement has been repositioned as an independent Layer 1 blockchain, aiming to become the settlement infrastructure for stablecoins in emerging markets.Move Industries announced on Tuesday that over the past few months, the company has gained access to a compliant payment network covering the United States, Canada, and the European Union by collaborating with regulated remittance institutions and electronic money institutions, laying the foundation for stablecoin payments and cross-border settlement operations. According to the announcement, the company has currently established partnerships with stablecoin issuer Circle, wallet project KAST, and Sorted, as well as tokenization projects Oro, Yuzu Money, and Zoth.In addition, Avant Protocol has chosen Movement Network as the infrastructure platform for its revenue and fund management products, further expanding Movement's application scenarios in the fields of stablecoins and real-world assets (RWA).

Layer 1 blockchain Tempo proposed TIP-1061, a native multi-signature account proposal, aiming to introduce multi-signature as a native account type at the protocol layer, allowing multi-signature control without the need to deploy smart contract wallets like Safe.This solution supports M/N multi-signature, weighted multi-signature, as well as Secp256k1, P256, and WebAuthn signatures, and allows for subsequent adjustments of members and permissions while keeping the account address unchanged. This proposal is primarily aimed at scenarios involving DAOs, institutions, and validators, and is currently still in the draft stage.

According to Front Office Sports, former NBA player Tristan Thompson is suing the UK-based cryptocurrency company World Mobile Group, accusing it of fabricating excuses to terminate a $2 million endorsement deal and continuing to use his name, image, and likeness without authorization.Thompson claims that under an agreement signed in May 2025, he was promised cryptocurrency tokens worth up to $2 million from the company, WMTX. He stated that he had been fulfilling his obligations under the agreement, including promoting the company on social media and participating in public events, but the company terminated their collaboration in March of this year. According to the agreement, World Mobile Group was to make quarterly installment payments of the token amounts. In December 2025, the company informed Thompson that they had unexpectedly issued him more WMTX tokens than anticipated. Thompson stated that he proposed a "reasonable solution: to offset the excess tokens against the upcoming quarterly dividends due in about 60 days." Three months later, the company issued him a "notice of material breach and termination of contract." The case is still pending in court.

Keyrock's latest report shows that crypto rails are gradually becoming the default payment layer for AI Agents. Over the past year, AI Agents have completed more than 176 million transactions via blockchain, with a settlement amount exceeding 73 million dollars.As AI Agents begin to autonomously purchase data, cloud computing power, API services, and AI inference resources, the traditional bank card payment system has struggled to adapt to high-frequency, ultra-small payment scenarios. Currently, about 76% of Agent payment amounts are below 30 cents, while some on-chain stablecoin transfer costs are only "a fraction of a cent." Coinbase, Stripe, Google, and Visa have all begun to lay out the infrastructure for machine-to-machine payments. Among them, Coinbase's x402 protocol allows AI Agents to directly use USDC to pay for on-chain analysis and cloud service fees.Data shows that currently, 98.6% of AI Agent payments are settled in USDC. The report suggests that this further strengthens Circle's important position in the crypto payment field, but it also means that the industry's reliance on a single stablecoin issuer is increasing.

According to monitoring by Catcher Predict, in the predicted market event on Polymarket "LoL: Invictus Gaming vs ThunderTalk Gaming (BO5) - LPL Qualifiers," the "Yes" option for the sub-market "Any player pentakill" has experienced a drastic fluctuation in win rate, dropping from 50% an hour ago to the current 24.95% (a fluctuation of 25.05%). Please note the impact of related breaking news.

Solayer Labs announced the official launch of its Solana native perpetual trading platform Margin Trade public testnet.Margin Trade was jointly developed by the Solayer Labs team and former traders from Citadel and Kraken, adopting a unified margin model that supports trading multiple assets such as cryptocurrencies, commodities (gold, silver, crude oil), and stock indices (MT500) in a single chain environment.In addition, Solayer will gradually launch individual stocks and volatility products, and plans to introduce trading competitions, rankings, and incentive activities.

According to The Block, the Ethereum Layer 2 project Zero Network announced that it will officially shut down soon, just about 1.5 years after its launch. Zero Network was launched by the Zerion team in November 2024, positioned as the first EVM-compatible gas-free Rollup, aimed at lowering user barriers and promoting mainstream adoption.The team stated that they will focus resources on Zerion's API and wallet business. Users need to bridge out their NFTs, ETH, and other tokens from the Zero Network by the end of July, as the bridging deposit function has currently been suspended.

Syndicate Labs, Everclear, and ZERO Network announced the cessation of operations on the same day, highlighting the deep dilemmas in the blockchain infrastructure sector.Syndicate Labs, a startup supported by a16z and having raised over $27 million, announced its closure after five years of operation, stating that EVM Rollup is no longer the industry standard and the market has fundamentally shifted to custom chains. The cross-chain settlement protocol Everclear (formerly Connext) announced hours later that it would shut down its foundation and lab entities, despite having a monthly trading volume that once reached $500 million, it was unable to convert that volume into revenue, and the CLEAR token dropped about 40% on the same day. The gasless Ethereum Layer 2 ZERO Network built by the crypto wallet Zerion also announced its closure on the same day, with the team shifting focus to the development of Zerion wallet and API products, and users must bridge their funds out by July 31.The common dilemma faced by the three projects is that even with venture capital funding and operational products, it remains difficult to find a sustainable business model to withstand market deterioration.

Tom Lee, the chairman of BitMine, Ethereum's largest treasury, stated that Ethereum has a strong group of leaders and developers who can ensure it continues to be the future settlement layer for finance and AI.Currently, much of the bearish sentiment is just despair and mutual blame at the bottom of the crypto winter. Blockchain is the only viable way for agentic AI to conduct business interactions while significantly improving the profitability of the financial system. I will continue to be optimistic about ETH.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "LoL: BNK FEARX vs Hanwha Life Esports (BO3) - LCK Round 1-2", the "Yes" option for the sub-market "Any player gets a Quadra Kill" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of relevant breaking news.