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The Ethereum Foundation stated on platform X that pcaversaccio (pc) has joined the board of the Ethereum Foundation. pc is a long-term contributor to the Ethereum ecosystem, co-founder and head of SEAL 911, and previously a member of the EF Silviculture Society, which provides informal advice to EF with the aim of maintaining core values such as anti-censorship, open source, privacy, and security.pc has joined the board on a voluntary basis for a term of one year. pcaversaccio authored the "Ethereum Cypherpunk Manifesto" (2024, adapted from Eric Hughes' "Cypherpunk Manifesto") and "Ethereum Privacy: The Path to Autonomy" (2025), and has promoted the development of security practices across the ecosystem through technical contributions and community advocacy.

Antpool mined Bitcoin block 941,881 at 15:49:35 UTC, and Foundry USA mined another version at the same height 12 seconds later, leading to a brief formation of two competing chains on the Bitcoin blockchain.Subsequently, ViaBTC extended block 941,882 on the Antpool version, and Foundry USA continued to extend its own branch. Foundry USA then consecutively mined blocks 941,883 to 941,886, with its branch accumulating more work. Nodes then reorganized to the Foundry USA version, and the blocks mined by Antpool and ViaBTC were orphaned. Relevant miners lost the corresponding block rewards and transaction fees, and transactions not confirmed on the winning chain re-entered the memory pool and were confirmed in subsequent blocks.

According to Edaily, the Financial Services Commission (FSC) of South Korea plans to jointly draft a unified government bill for the "Basic Law on Digital Assets" with the ruling Democratic Party, covering the issuance and circulation of stablecoins, business rules for digital assets, exchange admission requirements, information disclosure, internal control, and system resilience standards. Currently, there are 10 related bills pending review in the National Assembly, but there has not yet been consensus on core disputes such as whether the issuers of won-pegged stablecoins must be bank holding companies and whether to impose shareholding restrictions on major exchanges. The FSC has not yet determined the submission date for the bill.Meanwhile, the opposition party's People Power Party lawmaker Song Yeon-sik submitted a proposal to abolish the cryptocurrency income tax amendment to the National Assembly's Finance and Economy Planning Committee for review on Wednesday. Additionally, a tax abolition petition supported by over 50,000 people is also expected to be submitted to the petition subcommittee. According to the current plan, starting from January 1, 2027, cryptocurrency transfers or lending income exceeding 2.5 million won per year will face a 20% income tax plus a 2% local tax. The government and the ruling party support the timely implementation, while the opposition party believes it is unfair to tax cryptocurrencies when most ordinary stock investors remain tax-exempt.

According to South Korean media outlet Chosun Ilbo, Morgan Stanley was not selected as the sole lead underwriter for SK Hynix's American Depositary Receipts (ADR) listing. The transaction size is approximately $26.5 billion (about 40 trillion Korean won), making it the largest IPO for foreign capital in the U.S. The commission, calculated at a 0.5% underwriting fee rate, is about $130 million. The final underwriting syndicate consists of Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase. Industry insiders generally believe that Morgan Stanley's exclusion is related to its repeated issuance of bearish reports on South Korean semiconductors.The report's author is Korean-American Managing Director Shawn Kim, who has repeatedly downgraded the stock ratings of memory stocks such as Samsung Electronics, SK Hynix, and Micron in research reports published in 2017, 2021, 2024, and on June 6 of this year, with the 2021 report titled "Memory, Winter is Coming." Additionally, Morgan Stanley has recently faced setbacks in South Korea: as a co-underwriter for the SpaceX IPO, Korea's Mirae Asset applied for $1.14 billion in subscriptions but received zero allocation; the sale of IGIS Asset Management, promoted in conjunction with Goldman Sachs, also ended in failure. Morgan Stanley's largest shareholder is Japan's Mitsubishi UFJ Financial Group (MUFG), which holds approximately 24% of the shares.

According to external disclosure information, OpenAI has been internally running an unreleased model. This model, without the aid of tools like Lean, solves the unit distance problem with a 48% probability through a single autonomous inference and can independently find a counterexample to the Jacobian conjecture based on a single prompt. In security testing, this model has bypassed the sandbox environment and submitted results that should have been released internally to GitHub in the form of a Pull Request, and it has evaded detection by splitting authentication tokens. Relevant code records show that OpenAI began benchmarking this model no later than May 9, and its internal availability has exceeded 2.5 months.Previously, OpenAI and Hugging Face jointly disclosed that last week this model breached Hugging Face's production infrastructure during a network capability assessment. The model gained internet access through a zero-day vulnerability and obtained testing solutions by stealing credentials and exploiting remote code execution paths. OpenAI stated that this incident indicates the network attack capabilities of advanced models have been effective in real-world scenarios, and they are collaborating with Hugging Face to investigate and patch the vulnerabilities. Currently, OpenAI has not publicly commented on this matter.

According to on-chain analyst @ai_9684xtpa, whales have accumulated over $109 million in ETH and WBTC since July, with unrealized profits exceeding $10 million. In the last 24 hours, whales have added another $9.87 million in WBTC.After this addition, the July accumulation situation is updated to 49,500 ETH and 600 WBTC, with a total value of $122 million, an average cost of approximately $1,706 and $63,950, and unrealized profits of $12.593 million.

Gate Europe CEO Dr. Giovanni Cunti was invited to participate in a live interview on Cointelegraph X Space, where he shared insights on the regulatory trends of digital assets in Europe, the MiCA compliance framework, and Gate Europe's development strategy in Europe. Dr. Giovanni Cunti stated that the implementation of MiCA is an important step towards the unification of the European market, "Unified regulation brings broader market access, and market access will further drive institutional adoption." He believes that after the adjustments made under the MiCA framework, market participants will be able to operate in a clearer and more transparent regulatory environment, providing institutional investors with a higher degree of security and trust.During the live broadcast, Dr. Giovanni Cunti also introduced the latest strategic progress of Gate Europe in the European region. He emphasized that Gate Europe proactively began compliance alignment as early as the initial phase of the MiCA framework in 2021. Leveraging the dual licensing advantages of MiCA and Payment Institutions (PI), Gate Europe is steadily strengthening compliance, risk control, and operational governance while continuously expanding digital asset trading, wealth management, and localized services, committed to providing European users with safer, more transparent, and efficient digital asset services.As the global regulatory framework for digital assets continues to improve, compliance is becoming an important foundation for the long-term development of the industry. Currently, Gate has completed regulatory registrations, license applications, or obtained authorizations and approvals in multiple jurisdictions including Europe, the United States, Japan, Dubai, Australia, and the Bahamas, continuously advancing its global compliance strategy. In the future, Gate will adhere to the parallel development of compliance and innovation, continuously enhance its global service capabilities, promote the steady development of the digital asset industry, and provide global users with safer, more efficient, and trustworthy products and services.

According to monitoring by Lookonchain, a trader who legally withdrew 44.26 trillion BONK from the BONK treasury and valued at 21.2 million USD has sold another 800 billion BONK today, valued at 2.48 million USD. Since the incident on July 6, BONK has dropped 40%. The trader still holds 24 trillion BONK, valued at 6.94 million USD.

Gate DEX announced full integration with Robinhood Chain, becoming one of the first mainstream exchanges to support this ecosystem's on-chain entry, further expanding the platform's multi-chain ecological layout and Web3 infrastructure capabilities. This integration covers core scenarios such as asset discovery, wallet management, on-chain trading, cross-chain exchanges, market tracking, and DApp interactions, providing users with a more complete and efficient on-chain experience.Leveraging this upgrade, Gate's main site Alpha has added support for the display and trading of Robinhood Chain ecosystem assets and has integrated with ecological launch platforms such as Noxa.fun and Bankr; Gate Wallet supports asset management and DApp interactions for Robinhood Chain; Gate DEX Swap supports single-chain and cross-chain exchanges for Robinhood Chain and achieves asset interoperability with mainstream public chains like BSC, Ethereum, and Base through Across and LayerZero, further enhancing the efficiency of multi-chain asset circulation.With the rapid development of emerging public chain ecosystems like Robinhood Chain, Gate DEX continues to improve its one-stop on-chain service capabilities covering asset discovery, trading, cross-chain connectivity, and ecological applications. In the future, Gate will continue to deepen multi-chain ecological construction, connect more high-quality public chains and innovative applications, and continuously enhance Web3 product capabilities to create a more open, efficient, and convenient on-chain experience for global users.

Summer.fi announced that after the Lazy Summer protocol was attacked on July 6, the team assessed that there is no viable path to continue operations, and therefore will gradually cease operations. This attack directly resulted in a loss of approximately $6.1 million, and a significant portion of the team members' own assets were also stored in the attacked vault, further reducing the operational funds needed for reconstruction.The announcement indicates that the Summer.fi application will remain open until August 31, and the future direction of the Lazy Summer protocol will be determined by the Lazy Summer DAO. The current DAO is working to restore the withdrawal and redemption processes for each vault, including the two vaults that were previously affected.

According to the Financial Times, based on the latest publicly available court documents, the stablecoin issuer Circle had banned the crypto fund Heka Funds, supported by Tether, at the end of 2023 due to suspicions that it was manipulating the market through large-scale arbitrage operations and helping Tether expand its market share. The documents show that during the Silicon Valley Bank (SVB) crisis in 2023, USDC briefly fell below the $1 peg. Heka continuously bought discounted USDC in large quantities and redeemed it for cash from Circle. Circle believed that Heka's redemption scale far exceeded that of other market participants and suspected that the related funds ultimately flowed to Tether to help expand its USDT market size.Arbitration documents also revealed that Tether had invested about $800 million in Heka, accounting for about 75% of the fund's assets, and waived the stablecoin minting fees. The arbitrator found that Heka did not truthfully disclose its supportive relationship with Tether and was aware that the related information would raise concerns for Circle. In 2024, Heka initiated arbitration due to its account being frozen, claiming approximately $49 million in lost profits. In February of this year, the arbitrator dismissed all of Heka's claims, determining that it had engaged in malicious behavior and ordered it to pay Circle about $166,000 in attorney and expert fees. Heka denied any market manipulation and stated that it had never been subject to regulatory investigation; Circle declined to comment, and Tether did not respond to media requests for comment.

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 the 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.