experience

According to Jinshi, Bank of America cited EPFR Global data in its report stating that for the week ending June 24, U.S. equity funds experienced an outflow of $8.5 billion, marking the first outflow in three months. Technology sector funds led the decline with a record outflow of $9.3 billion. The report noted that Wall Street was shaken by the sell-off of large tech stocks, and the S&P 500 index has fallen from its all-time high. The total redemption scale for equity funds was $5 billion, while money market funds saw an outflow of $25.5 billion.

According to official news, Base disclosed at 00:27 Beijing time that the mainnet experienced an interruption due to block production issues. The team confirmed that the problem originated from an anomalous block interfering with the construction of subsequent blocks, and all funds are safe. At 1:53, the team announced that the new block ordering had been restored, and internal nodes were synchronizing normally. Teams running validation nodes need to restart Base nodes to restore synchronization. At 3:22, the team announced that block production had returned to normal, and various applications and infrastructure were gradually coming back online as nodes were restarted. The team has identified the root cause of this interruption and will prioritize releasing a complete post-incident analysis report.In addition, The Block reported that this interruption occurred on the same day that Base planned to conduct the Beryl upgrade at 02:00 Beijing time, but it is claimed to be unrelated to the scheduled maintenance.

CryptoRank's latest report shows that the total value locked (TVL) in DeFi has declined for six consecutive months, dropping from approximately $115 billion in January 2026 to about $70 billion currently, with a cumulative decline of 39% this year, reflecting the ongoing adjustment following the peak of the crypto market in 2025.Data indicates that since 2026, there have been 121 security incidents in the DeFi sector, resulting in total losses of approximately $942 million. Among these, 85 attack incidents occurred in the second quarter, with losses of about $775 million, making it one of the most frequently attacked quarters on record. The attacks on Drift Protocol ($295 million) and KelpDAO ($293 million) in April accounted for more than half of the annual losses.Among the top ten public chains by TVL, only TRON and Hyperliquid achieved positive growth. Specifically, TRON's TVL increased by about 5% this year, mainly supported by USDT transfers, stablecoin settlements, and lending demand; Hyperliquid grew by approximately 6.7%, benefiting from its leading position in the on-chain perpetual contract market and the expansion of the HyperEVM ecosystem.However, the report points out that this round of the DeFi downturn is significantly milder than the cycle from 2021 to 2022. During that year, DeFi TVL plummeted by over 70% within seven months, whereas current funds are increasingly flowing into stablecoins, RWA, derivatives, and infrastructure sectors, indicating a more diversified and mature market structure compared to the previous cycle.

According to Jinshi reports, Federal Reserve's Goolsbee stated that we have not yet experienced stagflation shocks, and the labor market has remained stable.

According to the "Web3 New Generation Talent Insight Report" released by Bitget, the core challenge currently facing the industry is not a shortage of talent, but rather the misalignment of recruitment barriers and employment channels. Data from a multi-regional survey based on the Blockchain4Youth (B4Y) initiative shows that 54% of respondents view the requirement of "prior experience" for entry-level positions as the biggest obstacle to entering the industry, while 52% point out that school education lacks practical skills.From the perspective of regional distribution and trends, Web3 continues to attract highly educated talent and emerging market talent. Nearly 46% of respondents are aged between 23 and 30, and over 58% hold a bachelor's, master's, or doctoral degree; in terms of career preferences, 61% of respondents consider "the integration of AI and blockchain" as the most desirable career path, while another 62% believe that guidance from industry veterans is the most helpful in accelerating career development.Currently, the number of registered students at the Blockchain4Youth Learning Center has surpassed 10,000, and students who complete the courses can obtain certificates and job opportunities, thereby closing the loop from learning to career paths and providing talent support for the next phase of industry growth.

The B.AI platform will offer a limited-time free experience of the MiniMax M3 model starting from June 18 at 15:00 (SGT). This model has topped the Artificial Analysis open-source leaderboard, featuring native multimodal capabilities and a million-level ultra-long context, efficiently handling long documents, complex codebases, and video content. During the event, new users can log in to B.AI through Binance Wallet or Bitget Wallet to receive 1 million free Credits; additional recharge will enjoy point rewards, with BNB Chain recharges enjoying a 1:1 equivalent bonus, while other methods enjoy a 1:0.5 equivalent bonus, with a single user able to receive up to $100 worth of additional points. The countdown has begun, stay tuned.

The globally leading digital asset trading platform Gate has launched stock trading on the Web, achieving comprehensive coverage on both App and Web. Users can participate in stock and ETF trading directly through a unified account, enabling centralized management of digital and securities assets.The launch of the Web platform is not only an expansion of trading channels but also an important step for Gate in strengthening its one-stop investment platform layout. In recent years, Gate has continuously expanded into traditional financial assets such as stocks, foreign exchange, metals, and commodities, while exploring emerging business directions like Pre-IPOs, direct IPOs, and prediction markets. In the future, Gate will continue to promote more market access, global liquidity connections, and cross-market trading capability development, further enriching its investment product matrix and creating a one-stop investment platform covering digital assets, stocks, and more global financial products.

According to monitoring by Blockaid, a key leakage incident occurred on the cross-chain bridge of MILC Media Metaverse on BNB and Ethereum. The attacker exploited a historical bridge administrator wallet to grant administrator privileges to an EOA address they controlled, subsequently extracting MLT tokens from the bridge contract and transferring the administrator control of the cross-chain bridge to the attacker's wallet.Currently, the attacker has obtained approximately 97,003 USDT on BSC and transferred about 39.21 ETH on Ethereum through Rhino.fi, with total losses amounting to approximately $161,000.

With the resurgence of variables in the Middle East situation and the support of strong U.S. inventory data, crude oil has shown a stabilization trend after experiencing violent fluctuations. According to market data from the Gate platform, Brent crude oil (BZ) is currently priced at $91.31, down 1.28% in 24 hours; WTI crude oil (CL) is currently priced at $88.05, down 1.64% in 24 hours. According to CoinGlass data, trading of crude oil-related contracts on the Gate platform remains active. Among them, the Gate BZUSDT contract has a 24-hour trading volume of $8.377 million, consistently ranking among the top two in the industry; the CLUSDT contract has a 24-hour trading volume of $13.3168 million, with an open interest of approximately $8.2264 million, both ranking prominently in the industry.

Haedal posted on platform X that the team recently monitored an abnormal decrease in liquidity in some of Haedal's Vault pools. As a precaution, related contracts have been suspended, and an investigation is underway to determine the root cause to prevent further impact.The affected range is limited to a few Vault pools, and other products are safe and unaffected. All related direct losses will be fully borne by Haedal. The team will provide a more detailed investigation update after the analysis is completed.

According to the Korea Herald, the five major virtual asset trading platforms in South Korea (Upbit, Bithumb, Coinone, Korbit, Gopax) have experienced a total of 57 hacking and system failure incidents over the past six years (from 2020 to April 2026), with a total compensation amount of approximately 7 billion Korean won (about 5.1 million USD). By exchange, the number of incidents is as follows: Upbit 26 incidents, Bithumb 14 incidents, Gopax 8 incidents, Coinone 6 incidents, Korbit 3 incidents.Among them, Bithumb compensated approximately 2.5 billion Korean won (about 1.8 million USD) for the BTC misissue incident in February this year, Upbit compensated approximately 790 million Korean won (about 570,000 USD) for a hacking incident in November 2025, and compensated approximately 3.2 billion Korean won (about 2.3 million USD) for a system incident on December 3, 2024. It is worth noting that the standards for compiling incident reports by exchanges and the scale and form of compensation vary. For example, Gopax counts errors that occur when viewing the asset list as system failures, while Bithumb only counts situations where all customers encounter difficulties using core services for more than 10 minutes as system failures.In addition, Bithumb also provided some applicants who suffered losses due to system failures with free fee vouchers instead of cash compensation. The compensation amounts for system failures are as follows: Upbit approximately 3.21 billion Korean won, Bithumb approximately 3.2 billion Korean won, Coinone approximately 49 million Korean won. Korbit and Gopax did not provide any compensation.

According to The Defiant, Binance announced that it will officially stop centralized NFT market services starting from July 3, 2026, and all NFT functions will be migrated to the self-custody Binance Wallet.This move marks a near-complete retreat of NFT markets supported by centralized exchanges (CEX). Previously, platforms such as Coinbase NFT, Kraken NFT, Gemini Nifty Gateway, and X2Y2 have successively closed or transformed.Binance stated that this adjustment aims to provide users with a more seamless Web3 NFT experience. Users must withdraw transferable NFTs to Binance Wallet or other self-custody wallets by July 3 at 23:59 (UTC), and the platform will reimburse part of the withdrawal fees.

edgeX announced, "We have observed sudden and unusual price fluctuations of the EDGE token and are currently actively investigating the reasons. The team is urgently understanding the specific situation and will publish updates as soon as relevant information is confirmed. The official reminder to users is to rely only on information released through edgeX's official channels and to treat unverified market speculation with caution."Previously, the edgeX platform token EDGE experienced a "flash crash," dropping over 77% to $0.315, and the 24-hour decline has now narrowed to 41.13%.

According to CoinGlass data, the total liquidation amount in the cryptocurrency market in the past 24 hours reached 111 million USD, with long positions liquidated at 61.6996 million USD and short positions liquidated at 49.7262 million USD. Among them, the liquidation amount for BTC was 8.6954 million USD (long positions 5.6986 million USD, short positions 2.9968 million USD), ETH liquidated 10.4279 million USD (long positions 7.6646 million USD, short positions 2.7633 million USD), and SOL liquidated 2.5154 million USD (long positions 2.0019 million USD, short positions 0.5135 million USD).

Sui posted, "The Sui mainnet is currently experiencing network stagnation, and current network activity may have been paused. The Sui Core team is actively investigating the issue. Updates and event reviews will be shared as soon as they are available."Earlier, Sui's official update this morning stated that Sui mainnet activity has returned to normal. The network had previously gone down due to a crash bug caused by the Gas billing logic introduced in version 1.72.