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Lighter tweeted that a trading bot malfunctioned on July 25, briefly affecting the HYPE and ZEC markets. During the incident, the HYPE price reached $60.96 and $56.31 within half a minute, while the external trading price was around $58 at the same time, and then the price recovered within a minute. There were no forced liquidations across the market, and losses were limited to the accounts that triggered the issue.The bot was launched with $500,000 in funds and traded $27 million back and forth on HYPE within 5 minutes, accounting for 74.2% of the market trading volume; it generated $220.8 million in order volume on ZEC, accounting for 86.7%, causing the ZEC price to briefly rise to $521. Lighter stated that the risk engine marked positions with fair prices to resist manipulation and rejected 801 orders when margin was insufficient. Ultimately, the bot incurred a loss of about $482,000, all from its own funds. Lighter's liquidity pool (LLP) earned about $143,000, and 40 independent accounts each made over $1,000 in profit.

CryptoQuant analyst Darkfost stated that since 2025, the inflow of stablecoins into exchanges has been continuously declining, reaching the lowest level since that period. Currently, the monthly average inflow of stablecoins (USDT, USDC) is about $2.3 billion, with an annual average inflow of about $3.7 billion. When the price of Bitcoin reached its historical peak, the monthly average inflow was $5.6 billion, and the annual average inflow was $4.3 billion. This dynamic clearly indicates the current weak demand and lack of investor interest. However, it is important to note that when the inflow of stablecoins peaks, it is often a lagging signal. When some investors accelerate profit-taking, exchanges increase the supply of stablecoins, while new investors continue to bet that the price of Bitcoin will keep rising. Currently, market demand still needs improvement.

According to Gate market data, the Dow Jones Index opened up 101.65 points on July 24 (Friday), an increase of 0.2%, reporting at 51,813.3 points; the S&P 500 Index opened up 1.66 points, an increase of 0.02%, reporting at 7,409.76 points; the Nasdaq Composite Index opened down 15.39 points, a decrease of 0.06%, reporting at 25,122.31 points.

PPP prediction market tool monitoring shows that the probability of Polymarket's SpaceX Starship conducting its 13th test flight on July 24 has risen to 77%, up 16% in 24 hours; the probability for the 13th test flight on July 25 has risen to 83%, up 35% in 24 hours.SpaceX previously announced that due to weather reasons, the 13th test flight of the SpaceX Starship was postponed to July 24, but it is still uncertain whether the weather reasons still exist. SpaceX attempted the first test flight of the Starship on July 17, but due to some Raptor engines failing to start as expected, the automatic launch abort procedure was triggered, resulting in the failure of the first test flight. It is reported that SpaceX is currently fully "betting" on the Starship and has begun to refuse commercial Falcon rocket launch orders after 2028.

According to Bitcoin Magazine, Lightning Labs has released the alpha version of Wavelength, a toolkit that provides self-hosted Bitcoin payment capabilities for developers and AI agents through a simple non-custodial API, without the need to run nodes, manage channels, or obtain liquidity.Wavelength supports on-chain Bitcoin, Lightning Network payments, and settlement layers similar to Ark, with each off-chain payment using standard BOLT 11 invoices, allowing interoperability with existing Lightning Network. AI agents can call the API through the Model Context Protocol (MCP), hold balances, and pay for API calls in the smallest units, among other services. Wavelength is live on Signet and testnet, with mainnet access by invitation only, initially supporting Bitcoin, and stablecoin support planned through Taproot Assets.

According to Gate market data, U.S. stocks closed lower on Wednesday, with the Dow Jones Industrial Average initially down 0.01%, the S&P 500 index down 0.14%, and the Nasdaq down 0.57%. SpaceX (SPCX.O) fell 6.7%, hitting a new closing low. Nvidia (NVDA.O) rose 2.3%, SK Hynix (SKHY.O) fell 3.8%, Supermicro (SMCI.O) rose nearly 20%, and Dell (DELL.N) rose 9%.The Nasdaq China Golden Dragon Index closed down 1.8%, with NetEase (NTES.O) falling over 6%.

Lightning Labs announced on the X platform that it has launched Wavelength, a self-hosted Bitcoin payment toolkit designed to make integrating Bitcoin into applications as simple as calling an API.The platform is built on a layer similar to Ark, supporting developers, AI agents, and vibe coders to access Lightning payments for any application without the need to run nodes, manage channels, or acquire liquidity. It also supports AI agents using Bitcoin payment APIs, data sources, and other services through MCP tool calls. Wavelength is currently available in alpha version on signet and testnet, with mainnet access requiring an invitation.

According to Jinshi reports, Federal Reserve's Logan stated that the labor market is well balanced and even slightly strengthened.

According to Gate market data, U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average initially rising by 0.29%, the S&P 500 index up by 0.38%, and the Nasdaq up by 0.6%. Apple (AAPL.O) rose by 4%, ASML (ASML.O) increased by 2%, SK Hynix (SKHY.O) fell by 9%, SanDisk (SNDK.O) dropped by 8%, and Intel (INTC.O) decreased by 4.4%.The Nasdaq China Golden Dragon Index closed up by 2.9%, with Alibaba (BABA.N) rising by 4.7% and Baidu (BIDU.O) increasing by 1.5%.

Recently, the gold and silver markets have remained active, with the trading heat of precious metals continuing to rise. According to market data from the Gate platform, gold (XAU) reached a 24-hour high of $4104.58, currently reported at $4032.17, with a 24-hour increase of 0.35%; silver (XAG) reached a 24-hour high of $59.73, currently reported at $58.40, with a 24-hour increase of 1.34%. According to CoinGlass data, the open interest for Gate XAU contracts reached $164 million, and the open interest for Gate XAG contracts reached $60.2258 million, both ranking among the top two in the industry.

According to Jinshi, the number of people continuing to claim unemployment benefits in the United States for the week ending June 27 was 1.814 million, slightly lower than the market expectation of 1.815 million. The previous value was revised from 1.814 million to 1.806 million.

Recently, international crude oil prices have fluctuated and rebounded, with active trading in the energy market. According to market data from the Gate platform, WTI crude oil (CLUSDT) reached a high of $72.80 in 24 hours, currently reported at $72.43, with a 24-hour increase of 4.79%; Brent crude oil (BZUSDT) reached a high of $76.52 in 24 hours, currently reported at $76.13, with a 24-hour increase of 4.96%. CoinGlass data shows that the trading volume of the Gate CLUSDT contract reached $8.2895 million in 24 hours, with an open interest of approximately $8.2299 million; the BZUSDT contract had a trading volume of $3.3371 million in 24 hours, with an open interest of approximately $2.7695 million, both ranking among the industry's leaders.

The prediction market platform Polymarket announced support for instant, self-custodied deposits via the Bitcoin Lightning Network, powered by the Spark protocol. Compared to the previous on-chain deposit method that required waiting for 3 to 6 block confirmations, taking about 10 to 60 minutes, the new solution allows for deposits to be credited in seconds, while lowering the deposit threshold and transaction costs.According to the introduction, Spark can complete checks for double-spending risk, fees, and Replace-by-Fee (RBF) at the time of transaction broadcasting, achieving "zero-confirmation" crediting. It also supports on-chain, Lightning Network, and stablecoin payment channels without the platform needing to operate Lightning Network nodes itself. Polymarket stated that this move will further enhance the capital efficiency for Bitcoin users and strengthen its competitiveness against rival Kalshi.

According to Gate market data, the three major U.S. stock index futures opened slightly lower on Wednesday.

Vitalik Buterin posted that there is a winner in the AI anonymous recognition challenge experiment he previously initiated. In this experiment, he wrote the Chinese version of EIP-7503 (Zero-Knowledge Wormhole) in 2024, manually corrected after using Qwen 2.5 for local translation, in an attempt to hide his identity.The article states that although the prose style was effectively blurred, the AI successfully identified it by detecting unique thinking habits in mathematics and algorithm explanations (such as specific numerical examples and logical chains), completely bypassing its obfuscation strategy that only targeted prose.

According to Jinshi reports, the US dollar index, which measures the dollar against six major currencies, rose slightly by 0.01% on July 6, closing at 100.853 in the foreign exchange market. 1 euro exchanged for 1.1443 US dollars, higher than the previous trading day's 1.1439 US dollars; 1 pound exchanged for 1.3395 US dollars, higher than the previous trading day's 1.3356 US dollars; 1 US dollar exchanged for 162.06 Japanese yen, higher than the previous trading day's 161.36 Japanese yen; 1 US dollar exchanged for 0.805 Swiss francs, higher than the previous trading day's 0.8035 Swiss francs; 1 US dollar exchanged for 1.4209 Canadian dollars, higher than the previous trading day's 1.4198 Canadian dollars; 1 US dollar exchanged for 9.6255 Swedish kronor, lower than the previous trading day's 9.6436 Swedish kronor.

Lighter founder and CEO Vladimir Novakovski tweeted that he has joined the U.S. Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee as a member.