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first_img Galaxy Research has lowered the probability of the "CLARITY Act" passing to 50%

According to Bitcoin Magazine, Galaxy Research has lowered the probability of the passage of the CLARITY Act in 2026 from 60% three weeks ago to 50%, due to the increasingly tight Senate schedule, the lack of a published merged text for the bill, no scheduled votes, and no public commitment from leadership. The bill has been listed as item 423 on the legislative calendar since it passed the Senate Banking Committee on May 14 with a vote of 15-9, but no motion to advance it has been scheduled to date.The report indicates that the Senate must announce a schedule by early July to complete voting before the August recess; otherwise, it will be postponed until September, when the upcoming midterm elections will make controversial votes harder to arrange. Priority legislation such as FISA Section 702 and the NDAA occupies a significant amount of time, and Trump's veto of the housing bill further exacerbates scheduling pressures.The substantive content of the bill has not yet been fully resolved, and ethical provisions remain a core controversy, with at least two Republican senators expected to vote against it, making Democratic support essential. The report suggests that if leadership clarifies a commitment to vote in July within the next two weeks, the probability of passage will rise to 60% or higher; if there is continued lack of progress, it will be further lowered.

first_img South Korea announces large-scale project plans for chips and artificial intelligence data centers

The South Korean government has announced significant project plans in the areas of chips, physical artificial intelligence, and artificial intelligence data centers. South Korean President Lee Jae-myung stated that it is necessary to ensure the development of artificial intelligence elements faster than other countries, and chip production construction must be completed as soon as possible.The current factory site selection is nearing its limits in terms of water resources and other infrastructure. The southwestern region will invest between 50 trillion to 200 trillion won in the new projects, while Gwangju and Jeolla may invest 52 trillion won in the projects. Regarding the detailed planning for the factories, the South Korean government announced that it is expected to build four chip factories in the southwest, with an investment of about 800 trillion won; Samsung Electronics and SK Hynix will each build two new factories; it is expected that investment in the chip sector will reach at least 300 trillion won over the next 15 years, including next-generation memory, edge artificial intelligence, and defense.Investment in the chip packaging cluster in the Chungcheong region is expected to reach 81 trillion won. It is anticipated that approximately 55 trillion won will be invested in the construction of artificial intelligence data centers. The South Korean government expects to double DRAM production capacity within five years, and the global memory market is expected to quadruple in five years. The South Korean side also stated that it seeks to distribute the growth dividends to the public.

Vitalik's post details the entire technical tree behind the mainline of the confusion protocol (iO)

Vitalik Buterin published an article titled "Obfuscation: building the final boss of cryptography (Part I)", systematically outlining the entire technical tree behind the mainline of the obfuscation protocol (iO). The article points out that obfuscation technology can transform programs into "encrypted programs", allowing computations on plaintext inputs while hiding internal logic. Theoretically, it can achieve "trustless trusted third parties", and when combined with blockchain, it can build nearly trustless voting systems, auction protocols, and various other applications. However, the current iO scheme, while technically polynomial time, incurs enormous practical overhead, with expected runtimes exceeding the lifespan of the universe.The article details the construction process of lattice-based iO, covering the stacking of primitives such as fully homomorphic encryption (FHE), attribute-based encryption (ABE), obfuscated circuits, function encryption, and XiO. Vitalik stated that the field has moved from "impossible" to "provably secure" over the past decade, but there remains a significant gap to practical application. He proposed three future paths: further optimizing the existing lattice-based route, adopting bolder cryptographic assumptions to simplify constructions, or exploring entirely new assumptions that are completely different from lattices, emphasizing that if any direction succeeds, it will largely "solve cryptography", enabling any protocol describable by an ideal trusted third party to be securely implemented.

Gate DEX World Cup Prophet page is live, real-time viewing of single match profit rankings

According to ChainCatch news, as per official information, on June 28, 2026, the Gate DEX "World Cup Oracle" event page officially launched, coinciding with the conclusion of the World Cup group stage and the full start of the knockout stage. In addition to daily prediction gameplay, the page also aggregates three major Gate exclusive data highlights.The first is the "Single Match Profit Ranking Live," which updates the top 3 profit addresses for each match in real-time after the game ends, clearly showing the principal, profit, and multiple. For example, on June 28, in the match where Croatia defeated Ghana 2-1, the top profit address reached +$137.61 million; matches like Colombia vs. Portugal and Panama vs. England also produced multiple high-profit addresses. The second is "Expert Prediction Holdings," where the platform selects "prediction experts" for each team in this World Cup—specifically, on-chain smart money addresses with more than 2 related match events, a win rate greater than 60%, and profits exceeding $5000—and displays their betting direction for the current match, allowing users to intuitively reference expert judgments. The third is "World Cup Smart Money Holdings," which compiles addresses that have continuously bet profitably during this World Cup, aggregating their betting situations for user reference.Users can connect directly with a Web3 wallet or Gate TEE quick wallet with one click, referencing the judgment ideas of on-chain smart money to participate in daily match predictions.

StableStock launches leveraged spot trading feature, supporting stablecoin trading for over 700 global assets, with a maximum leverage of approximately 10 times

StableStock officially launched its leveraged spot trading feature today. Users can now directly use stablecoins to conduct leveraged spot trading on global market targets, accessing the real stock market through stablecoins.Leveraged spot trading supports zero interest for intraday trading: positions opened and closed before the end of the day's after-hours session do not incur interest, with only the overnight portion subject to interest calculation according to the rules, effectively reducing the holding costs for active traders. This covers major global markets, allowing for leveraged trading on over 700 targets, with a maximum leverage of about 10 times, including SK Hynix, Samsung Electronics, Zhizhu, and many popular US stocks; in addition to individual stocks, several short (inverse) ETFs are also included, providing options on both long and short sides.StableStock CEO Zixi stated: "Leveraged spot trading further connects stablecoin settlement with the real stock market, marking another step for stablecoins from being a settlement tool to becoming an entry point for real asset trading."Users must complete identity verification (KYC) and transfer funds to the leveraged account before use; interest calculation, forced liquidation, and other details are subject to the product page. Leveraged trading will amplify both gains and losses, so please use it cautiously.StableStock is supported by institutions such as YZi Labs, MPCi (Matrix Partners China), and Vertex Ventures, and currently supports trading on approximately 1,400+ global stock targets, with plans to continue expanding into more markets and categories.

The Hyper Foundation grants approximately 10 million USD to support the USDH exit migration, covering HIP-1, 3, and HyperEVM ecological projects

The Hyper Foundation announced that it will provide approximately $10 million in grants to developers affected by the USDH exit, to cover migration costs and support an orderly transition of the ecosystem. This round of funding will be allocated to affected HIP-1 spot deployers, HIP-3 perpetual contract deployers, HyperEVM protocol, USDH:USDC cross-chain bridge, and other ecosystem participants.Among them, migration grants are aimed at teams migrating USDH-related markets or deployments to USDC; while exit grants are for projects that choose to terminate USDH-related businesses, with amounts lower than equivalent migration plans, to encourage a smooth conclusion of the ecosystem. HIP-1 and HIP-3 grants are based on auction deployment cost estimates, while HyperEVM grants are assessed based on the scale of USDH TVL affected. All beneficiaries must complete migration or business closure by the end of July.On the user side, USDH holders need to operate according to the guidelines of each protocol and can complete the exchange to USDC through the spot market or HyperEVM path. The official has provided support for asset conversion with no fees or spot trading channels. The Hyper Foundation also stated that the USDH migration is progressing smoothly, thanks to the active cooperation of developers and the community, and expressed gratitude to the relevant builders.
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