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According to monitoring by Lookonchain, after losing 46.46 million USD from shorting HYPE, Hyperliquid's well-known trader Loracle opened a new position today: going long on SKHX while shorting crude oil.Its profit and loss performance has been like a roller coaster, once reaching a peak profit of 42.87 million USD, then turning into a loss of 17.27 million USD, and currently rising again to an overall profit of 2.06 million USD.

a16z published a blog post stating that as traditional financial institutions accelerate their exploration of blockchain technology, the market generally believes that the future will see a comprehensive integration of DeFi (Decentralized Finance) and TradFi (Traditional Finance), forming a new financial model through the combination of decentralized finance and institutional distribution systems.However, the reality may not be so. The core motivation for traditional financial institutions to adopt blockchain is not to embrace decentralization, but to value its commercial benefits in reducing costs, improving settlement efficiency, expanding distribution channels, and optimizing customer relationship management.What is more likely to emerge in the future is a new type of "programmable financial infrastructure" based on underlying blockchain technology, optimized for institutional needs, rather than a simple integration of traditional finance and DeFi. Institutions are selectively absorbing certain technological capabilities from DeFi and modifying them according to their own regulatory, risk management, and operational requirements.For example, atomic settlement can reduce counterparty risk, shared ledgers can lower back-office reconciliation costs, programmable funds can automatically execute processes such as interest payments, margin management, and corporate actions, and automated market-making models are also being applied to on-chain foreign exchange and tokenized asset pricing.At the same time, the native DeFi features of open access, anonymity, and trustless execution often conflict with institutional requirements for compliance, control, and accountability. Therefore, cases such as JPMorgan's institutional blockchain project, BlackRock's and Franklin Templeton's tokenized funds, are essentially not traditional finance entering DeFi, but rather using blockchain technology to improve existing financial business processes.In the future, the blockchain industry will have two development paths: on one hand, enterprises and financial institutions will continue to promote the implementation of blockchain infrastructure that meets regulatory requirements, expanding the industry scale through applications such as stablecoins, tokenized assets, and on-chain settlements; on the other hand, open networks will continue to play the role of a source of innovation, continuously generating new financial primitives and market mechanisms, providing technical reserves for future institutional infrastructure.TradFi and DeFi are not in competition but are developing together in different directions. Traditional finance may not fully adopt the DeFi model but will gradually adopt parts that suit its own needs. The true integration may ultimately occur at the underlying blockchain network level, rather than one side replacing the other.For developers, the key is not to chase all markets simultaneously but to clarify the target audience: for institutions, products need to be built around compliance, risk control, and long-term business processes; for open networks, there is a need to continue exploring innovation, liquidity, and network effects. The future financial system may operate on blockchain infrastructure, but the most important innovations may still come first from open networks.

Wintermute released a market analysis stating that under multiple geopolitical shocks such as the U.S. airstrikes on Iran and the closure of the Strait of Hormuz, Bitcoin has still maintained the critical support level of $62,000, showing strong resilience in the market.Last week, as U.S.-Iran negotiations were paused due to related issues, Iran attacked commercial vessels, and the U.S. launched a new round of airstrikes. Tehran announced the indefinite closure of the Strait of Hormuz, leading to a significant rise in international oil prices, with Brent crude oil seeing a weekly increase of 6.3%, and the yield on 10-year U.S. Treasuries rising to 4.57%. The market has readjusted the probability of a Fed rate hike in September to about 61%, and the U.S. CPI data to be released this week will be a key indicator affecting expectations for the July FOMC meeting.In the cryptocurrency market, Bitcoin has maintained a stable trend despite facing consecutive geopolitical risk events, holding the $62,000 area after a minimum pullback and gradually rising to around $64,000. Ethereum performed even stronger, with prices nearing $1,805.Meanwhile, the eight-week trend of ETF fund outflows has finally ended, with Bitcoin and Ethereum-related products recording a total inflow of about $282 million last week. Although the weekly inflow is still insufficient to confirm a trend reversal, combined with the recent continuous accumulation by whales and the market's weakened reaction to negative news, marginal selling pressure is easing, and the market may be forming a phase bottom.Additionally, the market's reaction to Strategy selling Bitcoin has been muted, contrasting sharply with two months ago when the sale of just 32 BTC triggered a sell-off, indicating that investor concerns about potential selling pressure have significantly decreased.Currently, Bitcoin has shown a "not falling on bad news" bottoming characteristic, but the market still needs to wait for further confirmation. Key factors going forward include the performance of U.S. CPI, whether ETF funds can continue to flow in, and the developments in the Strait of Hormuz situation. If inflation data cools, fund flows continue to improve, and progress is made on the CLARITY Act, Bitcoin is expected to challenge the key resistance level of $67,250; conversely, if oil prices continue to rise and macro pressures intensify, the $60,000 support may face another test.

According to GoPlus analysis, Lumi Finance on Arbitrum was attacked on July 13, resulting in a loss of approximately $270,000.The vulnerability originated from a logical flaw in the validateUserOp function of the Sodium smart account contract (ERC-4337) when calling _validateSignature to verify the signature—specifically, during the execution of isValidSignatureNow, the signer parameter was passed as the attacker's address. After an error occurred in the call to ECDSA.tryRecover, it did not revert but instead called the isValidSignature function in the attack contract and passed the verification. The attacker exploited this vulnerability to execute Token approve operations during the UserOperation verification period, obtaining approval rights for ERC20 tokens from multiple smart accounts without the payer's consent.

According to the official announcement, to meet the diverse investment needs of users, Bitget has launched the KUAISHOU (Kuaishou Technology) stock perpetual contract. This contract is settled in USDT, supports up to 20 times leverage, and allows for 24/7 trading. For more details, please refer to the official Bitget platform.

Binance contracts will update the funding rate settlement frequency for SKHYNIXUSDT, SAMSUNGUSDT, and HYUNDAIUSDT perpetual contracts on July 15, 2026, at 00:15, changing from once every eight hours to once every four hours, with the funding rate upper/lower limit adjusted to ± 0.5%.

The semiconductor storage sector of the US stock market is showing a differentiated trend. According to data from the Gate platform, SanDisk (SNDK) is currently priced at $1716.57, down 5.80% in the last 24 hours due to previous excessive gains and valuation adjustment pressure; while Micron Technology (MU), with a relatively reasonable valuation, is demonstrating stronger resilience, rising against the trend to a current price of $948.77, with a 24-hour increase of 2.21%. As the prices of these two assets fluctuate, the trading activity of derivatives on the Gate platform continues to rise. According to Coinglass data, the 24-hour trading volume of Gate SNDK contracts reached $12.4 million, with an open interest of $26.84 million; the 24-hour trading volume of Gate MU contracts reached $18.44 million, with an open interest of $19.23 million, both ranking among the top in the network.

SK Hynix has recently continued to decline, triggering an increase in the activity of related derivatives markets. According to the RootData perpetual contract data panel, Binance, OKX, and Bitget rank in the top three for SK Hynix (SKHYNIX) contract open interest, collectively accounting for approximately 87.8% of the market share. Among them, Binance has an open interest of about $422 million, OKX about $93.21 million, and Bitget about $54.08 million.In terms of trading volume, Binance leads with a 24-hour trading volume of approximately $3.68 billion, followed by OKX with about $954 million and Bitget with about $414 million. Regarding price spreads, Binance has the smallest spread at 0.0008%, while XT.com has the largest spread at 0.2004%.It is reported that RootData has recently officially launched a ranking of stock perpetual contract exchanges, which directly collects primary data through the exchanges' official APIs and public market data sources, aiming to establish a reliable data benchmark for investors. Currently, the RootData data submission channel is open, supporting exchanges with stock perpetual contract business to submit official APIs and supplementary data.

SK Hynix ADR plummeted nearly 10% on the second day of listing, triggering an increase in activity in the related derivatives market. According to CoinGlass data, the total open interest value of SK Hynix (SKHYNIX) contracts across the network is approximately $696 million, with a 24-hour growth of 8.41%. Binance, OKX, and Bitget rank as the top three in contract open interest, collectively accounting for about 86% of the market share. Among them:Binance: 24-hour contract open interest increased by 9.45%, with an open interest of approximately $444 million;OKX: 24-hour contract open interest increased by 20.85%, with an open interest of approximately $97.1 million;Bitget: 24-hour contract open interest increased by 23.35%, with an open interest of approximately $57.95 million.

The largest AI Agent cluster infrastructure of BNB Chain and the 0G ecosystem, EvoEvo under NeoSoul, has accurately predicted 8 matches in this World Cup, achieving an overall accuracy rate of 70%.It is reported that EvoEvo is committed to forming collective intelligence by aggregating AI Agent judgments, supporting Agent autonomous decision-making and trading, and promoting the development of the AI economy.

According to CoinGlass data, influenced by changes in the US-Iran situation and other factors, international gold (XAUT) once fell below the $4000 mark, with a quote of approximately $4009.98, a 24-hour decline of about 1.31%. The total 24-hour spot trading volume of XAUT across the network reached $50.4048 million, with the Gate platform's trading volume exceeding $7.0887 million, ranking third in the network; the total 24-hour contract open interest of XAUT across the network reached $499 million, with the Gate platform's open interest exceeding $117 million, ranking third in the network.

The decentralized derivatives trading platform 01 Exchange officially announced that the retroactive points claim is now live. If users have traded during the testing phase, they can now claim additional points. Starting this Tuesday, bonus points will be distributed daily, and traders will receive corresponding additional points over the next two weeks.Previously, 01 Exchange announced that it has been acquired by N1 Chain, a project supported by Founders Fund.

According to official news, the Gate stock derivatives section will launch on July 14 at 14:00 (UTC+8) with the debut of BOT (robot strategy closed-end fund), INTW (2x long Intel daily leveraged ETF), SNXX (2x long Sandisk daily leveraged ETF), XBI (State Street S&P Biotechnology ETF), and APP (Applovin) perpetual contract trading (settled in USDT), supporting 1-20x leverage.

According to the official announcement, to meet users' diverse investment needs, Bitget has launched 4 perpetual contracts for stocks and ETFs: BOT (RoboStrategy Robot Strategy Fund), INTW (GraniteShares Intel 2x Long Daily ETF), SNXX (Tradr SanDisk 2x Long Daily ETF), and XBI (SPDR S&P Biotech Index ETF).The above contracts are all settled in USDT, support up to 20x leverage, and allow for 24/7 trading.

According to TenArmorAlert monitoring, the BSC chain contract VECAndETH suffered a suspicious price manipulation attack, resulting in a loss of approximately $109,600.

According to official news, the token distribution and streaming payment protocol Sablier Labs has announced the cessation of active product development and commercial operations, entering maintenance mode from today until June 2028. The official statement indicated that due to the sluggish environment of the cryptocurrency market and the lowered technical barriers from AI-assisted programming, the on-chain token distribution sector can no longer support its venture capital-scale business model.Sablier emphasized that its underlying smart contracts run on-chain without permission, and the company does not hold funds, so the assets, streaming payments, and token unlocks of existing users are not affected. However, regarding front-end business restrictions, the official interface will no longer accept new plans with end times later than June 2028 or indefinite payment streams from today.At the same time, to promote the project's transition to a community-led open-source public good, Sablier has advanced the open-source date of its main EVM smart contracts from the originally planned 2029 to today, and the license has officially changed from BUSL to GPL, allowing the community to freely fork and deploy.

According to official news, PinGo announced that its reward contract was recently attacked by hackers. The hackers exploited a vulnerability in permission verification to illegally claim 840,000 PINGO tokens.PinGo officials pointed out that this security incident has been effectively controlled, the remaining assets have been successfully migrated, and the upgrade of the related contract has also been completed. The officials emphasized that the PINGO tokens and related private keys are still in a secure state, and the reward claiming function has now been reopened.

According to the monitoring by the head of Galaxy Research, these token transfers consist of tokens confiscated from Ryan Farace ("xanaxman") and the closed cryptocurrency exchange BTC-e.

Ledger announced the expansion of support for Celo, having integrated Celo's CIP-64 fee abstraction feature into Ledger Live. After the upgrade, users can pay on-chain transaction gas fees using 18 types of Celo native assets, without needing to use the native token CELO exclusively.The assets that can be used to pay gas include USDT, USDC, USDm, EURm, GBPm, JPYm, CADm, AUDm, CHFm, BRLm, NGNm, PHPm, COPm, KESm, ZARm, XOFm, GHSm, and WETH. CIP-64 is a core mechanism introduced by Celo in the July 2023 Gingerbread hard fork, allowing transaction fees to be paid directly with approved ERC-20 tokens.According to official disclosures, nearly half of the transactions on the Celo chain are currently settled with US dollar stablecoins instead of CELO for transaction fees. Ledger had previously supported the sending, receiving, and exchanging of CELO and Celo native stablecoins in Ledger Live as of December 2025.

According to CNBC, the prediction market platform Kalshi has officially launched the professional trading terminal Kalshi Pro (beta version) to the public, aimed at high-frequency and professional users who trade multiple markets and participate in real-time event trading.Kalshi Pro supports professional features such as real-time public transaction flow, order book depth viewing, multi-leg contract analysis, and order management, and has added terminal-level charts and position risk management tools specifically for perpetual futures.Kalshi's product head Andy Chang stated that active traders have begun trading prediction markets and perpetual futures like Wall Street trades stocks and bonds, and Kalshi Pro aims to provide institutional-level trading terminals for professional traders.