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Chain game guild YGG announces layoffs of 35 people! Treasury assets can support operations for 4 years—transition to selling game data to AIWeb3 game guild leader Yield Guild Games (YGG) announced the closure of its game publishing division, YGG Play, laying off 35 employees, and redirecting company resources toward using game-behavior data to supply AI training datasets. According to a July 6 report by Decrypt and an X post by YGG co-founder Gabby Dizon, the YGG Play website and three products—launchpad, LOL Land, and Waifu Sweeper—will be taken offline by August 1. The two games Gigachatbat and Ragnarok Breaker will be returned to their original development teams for operation. On the day of the YGG token news, the token rebounded by about 4%, but it remains down 84% year-to-date.
Chain game guild YGG announces layoffs of 35 people! Treasury assets can support operations for 4 years—transition to selling game data to AI
Web3 game guild leader Yield Guild Games (YGG) announced the closure of its game publishing division, YGG Play, laying off 35 employees, and redirecting company resources toward using game-behavior data to supply AI training datasets. According to a July 6 report by Decrypt and an X post by YGG co-founder Gabby Dizon, the YGG Play website and three products—launchpad, LOL Land, and Waifu Sweeper—will be taken offline by August 1. The two games Gigachatbat and Ragnarok Breaker will be returned to their original development teams for operation. On the day of the YGG token news, the token rebounded by about 4%, but it remains down 84% year-to-date.
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Copy the U.S.? China reportedly considering restrictions on advanced AI exports, already holding closed-door talks with Doubao and Quark developersTensions over U.S.-China AI export controls are escalating. Reuters says China is also considering restricting AI exports
After the U.S. took measures such as “review first, release later” and export restrictions targeting advanced models from OpenAI and Anthropic, does China also want to follow suit? According to a Reuters report, in the past month China’s government has held multiple closed-door meetings with leading domestic tech companies to discuss the possible restrictions on overseas users’ access to China’s most advanced artificial intelligence (AI) models, covering future models that have not yet been released.
Insiders said companies involved in this meeting led by China’s Ministry of Commerce and the National Development and Reform Commission include ByteDance (Doubao), Alibaba (Quark), and the startup Z.ai (GLM). This shows that, as with the United States, Beijing views cutting-edge AI as a key national asset and is accelerating efforts to impose controls.
Copy the U.S.? China reportedly considering restrictions on advanced AI exports, already holding closed-door talks with Doubao and Quark developers
Tensions over U.S.-China AI export controls are escalating. Reuters says China is also considering restricting AI exports
After the U.S. took measures such as “review first, release later” and export restrictions targeting advanced models from OpenAI and Anthropic, does China also want to follow suit? According to a Reuters report, in the past month China’s government has held multiple closed-door meetings with leading domestic tech companies to discuss the possible restrictions on overseas users’ access to China’s most advanced artificial intelligence (AI) models, covering future models that have not yet been released.
Insiders said companies involved in this meeting led by China’s Ministry of Commerce and the National Development and Reform Commission include ByteDance (Doubao), Alibaba (Quark), and the startup Z.ai (GLM). This shows that, as with the United States, Beijing views cutting-edge AI as a key national asset and is accelerating efforts to impose controls.
After the U.S. took measures such as “review first, release later” and export restrictions targeting advanced models from OpenAI and Anthropic, does China also want to follow suit? According to a Reuters report, in the past month China’s government has held multiple closed-door meetings with leading domestic tech companies to discuss the possible restrictions on overseas users’ access to China’s most advanced artificial intelligence (AI) models, covering future models that have not yet been released.
Insiders said companies involved in this meeting led by China’s Ministry of Commerce and the National Development and Reform Commission include ByteDance (Doubao), Alibaba (Quark), and the startup Z.ai (GLM). This shows that, as with the United States, Beijing views cutting-edge AI as a key national asset and is accelerating efforts to impose controls.
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No fear of Choke Point crackdowns! Kraken wins arbitration case; audit giant Mazars must pay $22 millionKraken’s parent company wins arbitration and seeks reimbursement of $22 million from Mazars
Cryptocurrency exchange Kraken’s parent company, Payward, announced that it has prevailed in arbitration involving its former auditing firm, Mazars USA. The arbitration panel ruled that Mazars must pay approximately $22 million in damages. Payward has filed with the Delaware Court of Chancery in the United States to confirm the arbitration award, with the aim of converting the arbitral decision into a formal court judgment and completing the subsequent legal process.
The dispute dates back to 2022. Payward alleges that Mazars abruptly ended its cooperation shortly before completing the 2022 financial audit of Kraken. Although no fraud or management integrity issues were found, and no major objections were raised against the financial statements, Mazars still chose to withdraw from the audit engagement, which then affected Kraken’s ability to apply for licenses, maintain banking relationships, and continue its business operations.
No fear of Choke Point crackdowns! Kraken wins arbitration case; audit giant Mazars must pay $22 million
Kraken’s parent company wins arbitration and seeks reimbursement of $22 million from Mazars
Cryptocurrency exchange Kraken’s parent company, Payward, announced that it has prevailed in arbitration involving its former auditing firm, Mazars USA. The arbitration panel ruled that Mazars must pay approximately $22 million in damages. Payward has filed with the Delaware Court of Chancery in the United States to confirm the arbitration award, with the aim of converting the arbitral decision into a formal court judgment and completing the subsequent legal process.
The dispute dates back to 2022. Payward alleges that Mazars abruptly ended its cooperation shortly before completing the 2022 financial audit of Kraken. Although no fraud or management integrity issues were found, and no major objections were raised against the financial statements, Mazars still chose to withdraw from the audit engagement, which then affected Kraken’s ability to apply for licenses, maintain banking relationships, and continue its business operations.
Cryptocurrency exchange Kraken’s parent company, Payward, announced that it has prevailed in arbitration involving its former auditing firm, Mazars USA. The arbitration panel ruled that Mazars must pay approximately $22 million in damages. Payward has filed with the Delaware Court of Chancery in the United States to confirm the arbitration award, with the aim of converting the arbitral decision into a formal court judgment and completing the subsequent legal process.
The dispute dates back to 2022. Payward alleges that Mazars abruptly ended its cooperation shortly before completing the 2022 financial audit of Kraken. Although no fraud or management integrity issues were found, and no major objections were raised against the financial statements, Mazars still chose to withdraw from the audit engagement, which then affected Kraken’s ability to apply for licenses, maintain banking relationships, and continue its business operations.
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Bitmine adds to its Ether holdings! Tom Lee: optimistic about the passage of the crypto bill; the chance of it clearing has risen to 50%Global publicly listed company Bitmine Immersion Technologies (NASDAQ: BMNR) that holds the most Ether reportedly added to its position again last week, increasing its holdings by 42,197 Ether, worth approximately $74 million. Its total holdings have now officially surpassed 5.7 million Ether, accounting for 4.8% of the circulating supply of Ether.
In its statement, Bitmine said that as of June 28, the total value of the company’s held cryptocurrencies and cash was $11.1 billion, including more than 5.7 million Ether (at $1,800 per Ether), 206 Bitcoin, $527 million in cash and marketable securities, and equity investments in Beast Industries and Eightco Holdings.
Bitmine adds to its Ether holdings! Tom Lee: optimistic about the passage of the crypto bill; the chance of it clearing has risen to 50%
Global publicly listed company Bitmine Immersion Technologies (NASDAQ: BMNR) that holds the most Ether reportedly added to its position again last week, increasing its holdings by 42,197 Ether, worth approximately $74 million. Its total holdings have now officially surpassed 5.7 million Ether, accounting for 4.8% of the circulating supply of Ether.
In its statement, Bitmine said that as of June 28, the total value of the company’s held cryptocurrencies and cash was $11.1 billion, including more than 5.7 million Ether (at $1,800 per Ether), 206 Bitcoin, $527 million in cash and marketable securities, and equity investments in Beast Industries and Eightco Holdings.
In its statement, Bitmine said that as of June 28, the total value of the company’s held cryptocurrencies and cash was $11.1 billion, including more than 5.7 million Ether (at $1,800 per Ether), 206 Bitcoin, $527 million in cash and marketable securities, and equity investments in Beast Industries and Eightco Holdings.
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Meme Coin BONK Suffers Governance Attack! Hacker Buys Votes to Pass Malicious Proposal, Drains $20 Million Treasury“On-chain governance” was once hailed as the perfect future of community self-governance, but now it has become a “legitimate cash machine” for bad actors.
A well-known Solana ecosystem meme coin, $BONK, has recently fallen victim to a governance attack. The hacker spent roughly $4.4 million to buy a large amount of $BONK tokens, gained enough voting power to influence the outcome, then successfully passed a malicious governance proposal. Within a week, they drained the BONK DAO treasury of assets worth up to $20 million.
Most ironically, in this perfect storm, every step is a “lawful and compliant” normal transaction under blockchain rules— from buying tokens, participating in votes, to executing fund transfers. Each transaction follows on-chain rules, yet in the end it becomes a raid targeting vulnerabilities in the governance system.
Meme Coin BONK Suffers Governance Attack! Hacker Buys Votes to Pass Malicious Proposal, Drains $20 Million Treasury
“On-chain governance” was once hailed as the perfect future of community self-governance, but now it has become a “legitimate cash machine” for bad actors.
A well-known Solana ecosystem meme coin, $BONK, has recently fallen victim to a governance attack. The hacker spent roughly $4.4 million to buy a large amount of $BONK tokens, gained enough voting power to influence the outcome, then successfully passed a malicious governance proposal. Within a week, they drained the BONK DAO treasury of assets worth up to $20 million.
Most ironically, in this perfect storm, every step is a “lawful and compliant” normal transaction under blockchain rules— from buying tokens, participating in votes, to executing fund transfers. Each transaction follows on-chain rules, yet in the end it becomes a raid targeting vulnerabilities in the governance system.
A well-known Solana ecosystem meme coin, $BONK, has recently fallen victim to a governance attack. The hacker spent roughly $4.4 million to buy a large amount of $BONK tokens, gained enough voting power to influence the outcome, then successfully passed a malicious governance proposal. Within a week, they drained the BONK DAO treasury of assets worth up to $20 million.
Most ironically, in this perfect storm, every step is a “lawful and compliant” normal transaction under blockchain rules— from buying tokens, participating in votes, to executing fund transfers. Each transaction follows on-chain rules, yet in the end it becomes a raid targeting vulnerabilities in the governance system.
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Intel’s big gamble! 14A2 process reportedly evaluating a dual-side power delivery architecture, aiming at TSMC’s positionA report from Korean media Etnews says Intel is making a big gamble with its 1.4-nanometer process. In addition to using the “pure backside power delivery (BSPDN)” technology in its base 14A process, it is also evaluating for the subsequent 14A2 process the introduction of a “dual-side (Dual Side) mixed architecture” that applies both front-side and back-side power delivery paths, as a response to TSMC’s A14 and Samsung’s SF2Z double-pronged attack.
Intel 21nm line-width technology bottleneck faces crisis in the nTSV architecture.
Reports indicate that Intel's 1.4-nanometer process is being rolled out in two stages: the first stage, 14A, targets a metal interconnect minimum pitch (M0 pitch) of about 28 nanometers, along with the PowerDirect technology based purely on the BSPDN architecture; the second stage, 14A2, further compresses the M0 spacing to about 21 nanometers through half-node-style optimization. The density target is 1.3 times higher than the existing 18A process, aiming to catch up with TSMC's N2/A14 and Samsung's SF2Z.
Intel’s big gamble! 14A2 process reportedly evaluating a dual-side power delivery architecture, aiming at TSMC’s position
A report from Korean media Etnews says Intel is making a big gamble with its 1.4-nanometer process. In addition to using the “pure backside power delivery (BSPDN)” technology in its base 14A process, it is also evaluating for the subsequent 14A2 process the introduction of a “dual-side (Dual Side) mixed architecture” that applies both front-side and back-side power delivery paths, as a response to TSMC’s A14 and Samsung’s SF2Z double-pronged attack.
Intel 21nm line-width technology bottleneck faces crisis in the nTSV architecture.
Reports indicate that Intel's 1.4-nanometer process is being rolled out in two stages: the first stage, 14A, targets a metal interconnect minimum pitch (M0 pitch) of about 28 nanometers, along with the PowerDirect technology based purely on the BSPDN architecture; the second stage, 14A2, further compresses the M0 spacing to about 21 nanometers through half-node-style optimization. The density target is 1.3 times higher than the existing 18A process, aiming to catch up with TSMC's N2/A14 and Samsung's SF2Z.
Intel 21nm line-width technology bottleneck faces crisis in the nTSV architecture.
Reports indicate that Intel's 1.4-nanometer process is being rolled out in two stages: the first stage, 14A, targets a metal interconnect minimum pitch (M0 pitch) of about 28 nanometers, along with the PowerDirect technology based purely on the BSPDN architecture; the second stage, 14A2, further compresses the M0 spacing to about 21 nanometers through half-node-style optimization. The density target is 1.3 times higher than the existing 18A process, aiming to catch up with TSMC's N2/A14 and Samsung's SF2Z.
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SpaceX enters the Nasdaq index today! 300,000 options contracts bet heavily on continued upside—what investors should watch out forSpaceX enters the Nasdaq index today—what impact will it have?
Recently, the highly anticipated SpaceX, Musk’s listed company (stock code: SPCX), will officially enter the Nasdaq 100 index today (7/7) in U.S. time.
Morgan Stanley previously estimated that after entering the index, SpaceX is expected to receive about $4.3 billion in passive buy orders. Funds that track the index and have assets under management totaling $800 billion, such as the Invesco QQQ ETF, must buy shares by the close of trading on Monday to stay in sync, providing important support for new stock.
However, this could also exacerbate differences in market volatility. Since the S&P 500 has not changed its inclusion rules, SpaceX will still need at least another year to be added to the S&P 500.
SpaceX enters the Nasdaq index today! 300,000 options contracts bet heavily on continued upside—what investors should watch out for
SpaceX enters the Nasdaq index today—what impact will it have?
Recently, the highly anticipated SpaceX, Musk’s listed company (stock code: SPCX), will officially enter the Nasdaq 100 index today (7/7) in U.S. time.
Morgan Stanley previously estimated that after entering the index, SpaceX is expected to receive about $4.3 billion in passive buy orders. Funds that track the index and have assets under management totaling $800 billion, such as the Invesco QQQ ETF, must buy shares by the close of trading on Monday to stay in sync, providing important support for new stock.
However, this could also exacerbate differences in market volatility. Since the S&P 500 has not changed its inclusion rules, SpaceX will still need at least another year to be added to the S&P 500.
Recently, the highly anticipated SpaceX, Musk’s listed company (stock code: SPCX), will officially enter the Nasdaq 100 index today (7/7) in U.S. time.
Morgan Stanley previously estimated that after entering the index, SpaceX is expected to receive about $4.3 billion in passive buy orders. Funds that track the index and have assets under management totaling $800 billion, such as the Invesco QQQ ETF, must buy shares by the close of trading on Monday to stay in sync, providing important support for new stock.
However, this could also exacerbate differences in market volatility. Since the S&P 500 has not changed its inclusion rules, SpaceX will still need at least another year to be added to the S&P 500.
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MicroStrategy launches selling bitcoin to pay dividends! Do experts not approve? Yu Zhe’an: The asset-liability mismatch problem still hasn’t been resolvedMicroStrategy officially launches selling bitcoin to pay dividends—do experts not approve?
MicroStrategy, the world’s largest publicly traded company holding bitcoin reserves (Strategy, stock ticker: MSTR), officially launched its Digital Credit Capital Framework last night (7/9) and sold 3,588 bitcoins for a total value of about $216 million, which will be used to pay special preferred-stock dividends and supplement its cash reserves.
Although the sale size accounts for only a tiny portion of its more than 840,000 holdings, MicroStrategy’s shift from its previous claim of only buying and not selling to a strategy of selling bitcoin to pay interest sparked lively debate between financial experts and market institutions right away.
MicroStrategy launches selling bitcoin to pay dividends! Do experts not approve? Yu Zhe’an: The asset-liability mismatch problem still hasn’t been resolved
MicroStrategy officially launches selling bitcoin to pay dividends—do experts not approve?
MicroStrategy, the world’s largest publicly traded company holding bitcoin reserves (Strategy, stock ticker: MSTR), officially launched its Digital Credit Capital Framework last night (7/9) and sold 3,588 bitcoins for a total value of about $216 million, which will be used to pay special preferred-stock dividends and supplement its cash reserves.
Although the sale size accounts for only a tiny portion of its more than 840,000 holdings, MicroStrategy’s shift from its previous claim of only buying and not selling to a strategy of selling bitcoin to pay interest sparked lively debate between financial experts and market institutions right away.
MicroStrategy, the world’s largest publicly traded company holding bitcoin reserves (Strategy, stock ticker: MSTR), officially launched its Digital Credit Capital Framework last night (7/9) and sold 3,588 bitcoins for a total value of about $216 million, which will be used to pay special preferred-stock dividends and supplement its cash reserves.
Although the sale size accounts for only a tiny portion of its more than 840,000 holdings, MicroStrategy’s shift from its previous claim of only buying and not selling to a strategy of selling bitcoin to pay interest sparked lively debate between financial experts and market institutions right away.
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Legendary Trader: Gold Will Outperform Bitcoin! Considering Selling Off BTC and Switching to GoldIn a long-term showdown between Bitcoin and gold, legendary trader and Factor LLC CEO Peter Brandt has recently shifted to a more conservative stance. He said he is considering selling some Bitcoin, switching into gold, and expects that gold’s performance may continue to outperform Bitcoin.
Over the weekend, Peter Brandt posted on the social platform X, saying: “I’m considering selling part of my Bitcoin, and then using that money to buy gold. I believe gold’s performance will run circles around Bitcoin.”
In fact, both Bitcoin and gold have recently faced correction pressure. But Bitcoin’s downturn has been noticeably harsher: in June this year, it plunged 20%, slipping below the $60,000 mark, and logged its worst single-month performance in four years. By comparison, gold has fallen only 11.7%, staying near the $4,000 per ounce level.
Legendary Trader: Gold Will Outperform Bitcoin! Considering Selling Off BTC and Switching to Gold
In a long-term showdown between Bitcoin and gold, legendary trader and Factor LLC CEO Peter Brandt has recently shifted to a more conservative stance. He said he is considering selling some Bitcoin, switching into gold, and expects that gold’s performance may continue to outperform Bitcoin.
Over the weekend, Peter Brandt posted on the social platform X, saying: “I’m considering selling part of my Bitcoin, and then using that money to buy gold. I believe gold’s performance will run circles around Bitcoin.”
In fact, both Bitcoin and gold have recently faced correction pressure. But Bitcoin’s downturn has been noticeably harsher: in June this year, it plunged 20%, slipping below the $60,000 mark, and logged its worst single-month performance in four years. By comparison, gold has fallen only 11.7%, staying near the $4,000 per ounce level.
Over the weekend, Peter Brandt posted on the social platform X, saying: “I’m considering selling part of my Bitcoin, and then using that money to buy gold. I believe gold’s performance will run circles around Bitcoin.”
In fact, both Bitcoin and gold have recently faced correction pressure. But Bitcoin’s downturn has been noticeably harsher: in June this year, it plunged 20%, slipping below the $60,000 mark, and logged its worst single-month performance in four years. By comparison, gold has fallen only 11.7%, staying near the $4,000 per ounce level.
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DeFi Protocol Summer.fi Suspected of Flash Loan Attack! Loss of $6.0 Million, Pauses User Access to AssetsDeFi lending protocol Summer.fi (Summer Finance) reportedly suffered a suspected flash loan attack on July 6. The attacker manipulated liquidity with a flash loan amount of about $54.0 million, earning roughly $6.0 million in profits. Blockchain security firms CertiK and Blockaid earlier issued suspicious transaction alerts on X, indicating that Summer.fi’s loan vault had suffered a $6.0 million outflow. The Summer.fi team subsequently urgently paused access to all vaults, but as of press time had not yet published a complete technical post-incident report.
CertiK and Blockaid separately detected it, and the flash loan size reached $54.0 million
DeFi Protocol Summer.fi Suspected of Flash Loan Attack! Loss of $6.0 Million, Pauses User Access to Assets
DeFi lending protocol Summer.fi (Summer Finance) reportedly suffered a suspected flash loan attack on July 6. The attacker manipulated liquidity with a flash loan amount of about $54.0 million, earning roughly $6.0 million in profits. Blockchain security firms CertiK and Blockaid earlier issued suspicious transaction alerts on X, indicating that Summer.fi’s loan vault had suffered a $6.0 million outflow. The Summer.fi team subsequently urgently paused access to all vaults, but as of press time had not yet published a complete technical post-incident report.
CertiK and Blockaid separately detected it, and the flash loan size reached $54.0 million
CertiK and Blockaid separately detected it, and the flash loan size reached $54.0 million
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The United Nations Introduces Stellar Blockchain! Crypto Payments for Global Humanitarian Aid to Reduce Cross-Border Remittance CostsUNDP expands adoption of Stellar as blockchain payments move from pilot to full rollout
The United Nations Development Programme (UNDP) announced that it will expand its cooperation with the Stellar Development Foundation to advance the previous humanitarian aid blockchain payments pilot program to a full operational stage. Going forward, it will establish standardized processes so that UNDP offices in different countries can apply the Stellar blockchain payment mechanism to more aid projects. This also means that blockchain payments are beginning to be integrated into the United Nations’ humanitarian aid infrastructure, and the scale of application will continue to grow.
Image source: X/@UNDP The United Nations Development Programme will expand cooperation with the Stellar Development Foundation to advance the previous humanitarian aid blockchain payments pilot program to a full operational stage
The United Nations Introduces Stellar Blockchain! Crypto Payments for Global Humanitarian Aid to Reduce Cross-Border Remittance Costs
UNDP expands adoption of Stellar as blockchain payments move from pilot to full rollout
The United Nations Development Programme (UNDP) announced that it will expand its cooperation with the Stellar Development Foundation to advance the previous humanitarian aid blockchain payments pilot program to a full operational stage. Going forward, it will establish standardized processes so that UNDP offices in different countries can apply the Stellar blockchain payment mechanism to more aid projects. This also means that blockchain payments are beginning to be integrated into the United Nations’ humanitarian aid infrastructure, and the scale of application will continue to grow.
Image source: X/@UNDP The United Nations Development Programme will expand cooperation with the Stellar Development Foundation to advance the previous humanitarian aid blockchain payments pilot program to a full operational stage
The United Nations Development Programme (UNDP) announced that it will expand its cooperation with the Stellar Development Foundation to advance the previous humanitarian aid blockchain payments pilot program to a full operational stage. Going forward, it will establish standardized processes so that UNDP offices in different countries can apply the Stellar blockchain payment mechanism to more aid projects. This also means that blockchain payments are beginning to be integrated into the United Nations’ humanitarian aid infrastructure, and the scale of application will continue to grow.
Image source: X/@UNDP The United Nations Development Programme will expand cooperation with the Stellar Development Foundation to advance the previous humanitarian aid blockchain payments pilot program to a full operational stage
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Trump dubs himself a “crypto boss” to fuel a rebound! Is he considering adding Bitcoin to newborn investment accounts?Trump publicly throws his support behind cryptocurrencies, boosting market sentiment
At an event under the “Trump Accounts” program, U.S. President Donald Trump said that he is now “a big crypto guy,” and revealed that he is considering adding Bitcoin ($BTC) to the investment options for Trump Accounts (newborn investment accounts). After the news was announced, market sentiment warmed up: Bitcoin moved back above $63,000 and at one point surpassed $64,000, recovering some of its earlier losses. As of the time of writing, the price of Bitcoin is $63,466.
Trump dubs himself a “crypto boss” to fuel a rebound! Is he considering adding Bitcoin to newborn investment accounts?
Trump publicly throws his support behind cryptocurrencies, boosting market sentiment
At an event under the “Trump Accounts” program, U.S. President Donald Trump said that he is now “a big crypto guy,” and revealed that he is considering adding Bitcoin ($BTC) to the investment options for Trump Accounts (newborn investment accounts). After the news was announced, market sentiment warmed up: Bitcoin moved back above $63,000 and at one point surpassed $64,000, recovering some of its earlier losses. As of the time of writing, the price of Bitcoin is $63,466.
At an event under the “Trump Accounts” program, U.S. President Donald Trump said that he is now “a big crypto guy,” and revealed that he is considering adding Bitcoin ($BTC) to the investment options for Trump Accounts (newborn investment accounts). After the news was announced, market sentiment warmed up: Bitcoin moved back above $63,000 and at one point surpassed $64,000, recovering some of its earlier losses. As of the time of writing, the price of Bitcoin is $63,466.
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MicroStrategy starts selling Bitcoin to pay dividends! Peter Schiff mocks: this is just the beginning of a large-scale selloff waveStrategy sells Bitcoin for the first time, ending years of a “buy-only, never-sell” strategy
Public company Strategy (formerly MicroStrategy), which holds the most Bitcoin (BTC) globally, has reportedly sold a portion of its Bitcoin for the first time in recent days, drawing intense market attention. According to disclosures from the company, Strategy sold 3,588 Bitcoins, raising approximately $216 million, mainly to pay preferred stock dividends. This marks the first official sale of Bitcoin after Michael Saylor’s years-long insistence on a “buy-only, never-sell” strategy.
Strategy said that this sale is part of a capital allocation arrangement. Its purpose is to fulfill the company’s obligation to pay cash dividends to preferred stock investors, and it does not change the core strategy of holding Bitcoin long term. After the transaction is completed, the company will still hold more than 680,000 Bitcoins, remaining the publicly listed company with the largest Bitcoin holdings in the world.
MicroStrategy starts selling Bitcoin to pay dividends! Peter Schiff mocks: this is just the beginning of a large-scale selloff wave
Strategy sells Bitcoin for the first time, ending years of a “buy-only, never-sell” strategy
Public company Strategy (formerly MicroStrategy), which holds the most Bitcoin (BTC) globally, has reportedly sold a portion of its Bitcoin for the first time in recent days, drawing intense market attention. According to disclosures from the company, Strategy sold 3,588 Bitcoins, raising approximately $216 million, mainly to pay preferred stock dividends. This marks the first official sale of Bitcoin after Michael Saylor’s years-long insistence on a “buy-only, never-sell” strategy.
Strategy said that this sale is part of a capital allocation arrangement. Its purpose is to fulfill the company’s obligation to pay cash dividends to preferred stock investors, and it does not change the core strategy of holding Bitcoin long term. After the transaction is completed, the company will still hold more than 680,000 Bitcoins, remaining the publicly listed company with the largest Bitcoin holdings in the world.
Public company Strategy (formerly MicroStrategy), which holds the most Bitcoin (BTC) globally, has reportedly sold a portion of its Bitcoin for the first time in recent days, drawing intense market attention. According to disclosures from the company, Strategy sold 3,588 Bitcoins, raising approximately $216 million, mainly to pay preferred stock dividends. This marks the first official sale of Bitcoin after Michael Saylor’s years-long insistence on a “buy-only, never-sell” strategy.
Strategy said that this sale is part of a capital allocation arrangement. Its purpose is to fulfill the company’s obligation to pay cash dividends to preferred stock investors, and it does not change the core strategy of holding Bitcoin long term. After the transaction is completed, the company will still hold more than 680,000 Bitcoins, remaining the publicly listed company with the largest Bitcoin holdings in the world.
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U.S. Bitcoin Strategic Reserve Stalls! Inter-Agency Fight Over Management Rights Without a Clear Outcome—Could There Be Uncertainty After the Midterm Elections?U.S. Bitcoin strategic reserve faces setbacks as inter-agency power struggle over management rights continues
The U.S. Bitcoin strategic reserve plan—once eagerly anticipated by people in the crypto community—has now stalled. According to a report by Bloomberg, the main reason for the deadlock is that two U.S. government agencies are vying for management control, and there are questions about the legal authorization.
Insiders reveal that Trump had originally planned to store the assets in the Treasury Department, but later internal officials questioned whether the Treasury has the legal authority to do so. With tensions between the Treasury Department and the Department of Commerce due to internal competition, the Department of Justice is working on possible solutions.
U.S. Bitcoin Strategic Reserve Stalls! Inter-Agency Fight Over Management Rights Without a Clear Outcome—Could There Be Uncertainty After the Midterm Elections?
U.S. Bitcoin strategic reserve faces setbacks as inter-agency power struggle over management rights continues
The U.S. Bitcoin strategic reserve plan—once eagerly anticipated by people in the crypto community—has now stalled. According to a report by Bloomberg, the main reason for the deadlock is that two U.S. government agencies are vying for management control, and there are questions about the legal authorization.
Insiders reveal that Trump had originally planned to store the assets in the Treasury Department, but later internal officials questioned whether the Treasury has the legal authority to do so. With tensions between the Treasury Department and the Department of Commerce due to internal competition, the Department of Justice is working on possible solutions.
The U.S. Bitcoin strategic reserve plan—once eagerly anticipated by people in the crypto community—has now stalled. According to a report by Bloomberg, the main reason for the deadlock is that two U.S. government agencies are vying for management control, and there are questions about the legal authorization.
Insiders reveal that Trump had originally planned to store the assets in the Treasury Department, but later internal officials questioned whether the Treasury has the legal authority to do so. With tensions between the Treasury Department and the Department of Commerce due to internal competition, the Department of Justice is working on possible solutions.
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US Stocks Keep Hitting Record Highs, Yet Bitcoin Can’t Get Going? Two Major Institutions Believe the “Stocks-Coin Decoupling” Is Only a Short-Term IssueFueled by the AI frenzy, US stocks are repeatedly setting new highs, and tech shares are surging aggressively. By contrast, Bitcoin’s performance this year has been lackluster. Currently hovering around $63,000, it has fallen by nearly 50% from its all-time high in October last year. Unable to regain upward momentum for a long time, this strange phenomenon of “stocks and coins decoupling” has left many investors perplexed.
In response, asset management giants Hashdex and Charles Schwab released reports that agree the divergence is only a temporary phenomenon. However, the two firms cite entirely different reasons, yet both are confident that Bitcoin will ultimately once again reflect its fundamental value.
US Stocks Keep Hitting Record Highs, Yet Bitcoin Can’t Get Going? Two Major Institutions Believe the “Stocks-Coin Decoupling” Is Only a Short-Term Issue
Fueled by the AI frenzy, US stocks are repeatedly setting new highs, and tech shares are surging aggressively. By contrast, Bitcoin’s performance this year has been lackluster. Currently hovering around $63,000, it has fallen by nearly 50% from its all-time high in October last year. Unable to regain upward momentum for a long time, this strange phenomenon of “stocks and coins decoupling” has left many investors perplexed.
In response, asset management giants Hashdex and Charles Schwab released reports that agree the divergence is only a temporary phenomenon. However, the two firms cite entirely different reasons, yet both are confident that Bitcoin will ultimately once again reflect its fundamental value.
In response, asset management giants Hashdex and Charles Schwab released reports that agree the divergence is only a temporary phenomenon. However, the two firms cite entirely different reasons, yet both are confident that Bitcoin will ultimately once again reflect its fundamental value.
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MicroStrategy Pauses Buying Coins! Sells 3,588 Bitcoins, Raises $216 Million to Pay DividendsStrategy Chairman Michael Saylor announced on X at 12:03 UTC on July 6 that the company sold 3,588 bitcoins for approximately $216 million, which will be used to pay dividends and interest on its Digital Credit series of securities. This is the first execution of the BTC monetization plan since Strategy launched the Digital Credit Capital Framework on June 29. As of July 5, the company’s bitcoin reserves still stood at 843,775 BTC, and its USD reserves were $2.55 billion.
First launch of the 6/29 framework: $125 million relative to the $1.25 billion authorization equals 17%
This sale of coins is the first actual execution of Strategy “BTC Monetization Program.” The plan was announced in a June 29 8-K filing, authorizing the company to sell up to $1.25 billion worth of Bitcoin when needed. Proceeds will be fully deposited into the USD Reserve to pay preferred stock dividends, repurchase Digital Credit securities, and for general operating purposes. The $216 million sold this time is about 17% of the total available authorization. The average price works out to approximately $60,200 per BTC, close to the market price in early July.
MicroStrategy Pauses Buying Coins! Sells 3,588 Bitcoins, Raises $216 Million to Pay Dividends
Strategy Chairman Michael Saylor announced on X at 12:03 UTC on July 6 that the company sold 3,588 bitcoins for approximately $216 million, which will be used to pay dividends and interest on its Digital Credit series of securities. This is the first execution of the BTC monetization plan since Strategy launched the Digital Credit Capital Framework on June 29. As of July 5, the company’s bitcoin reserves still stood at 843,775 BTC, and its USD reserves were $2.55 billion.
First launch of the 6/29 framework: $125 million relative to the $1.25 billion authorization equals 17%
This sale of coins is the first actual execution of Strategy “BTC Monetization Program.” The plan was announced in a June 29 8-K filing, authorizing the company to sell up to $1.25 billion worth of Bitcoin when needed. Proceeds will be fully deposited into the USD Reserve to pay preferred stock dividends, repurchase Digital Credit securities, and for general operating purposes. The $216 million sold this time is about 17% of the total available authorization. The average price works out to approximately $60,200 per BTC, close to the market price in early July.
First launch of the 6/29 framework: $125 million relative to the $1.25 billion authorization equals 17%
This sale of coins is the first actual execution of Strategy “BTC Monetization Program.” The plan was announced in a June 29 8-K filing, authorizing the company to sell up to $1.25 billion worth of Bitcoin when needed. Proceeds will be fully deposited into the USD Reserve to pay preferred stock dividends, repurchase Digital Credit securities, and for general operating purposes. The $216 million sold this time is about 17% of the total available authorization. The average price works out to approximately $60,200 per BTC, close to the market price in early July.
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Trump made $1.4 billion off the crypto world claiming he didn’t know! Lawmakers angry push a bill to fully ban politicians from issuing coinsTrump discloses more than $1.4 billion in crypto income, sparking an ethics controversy in Congress
A newly released financial disclosure by U.S. President Donald Trump shows that since 2025, his income from businesses related to cryptocurrency has exceeded $1.4 billion. This includes revenue from the sale of World Liberty Financial tokens, bitcoin investments, and multiple other businesses such as meme coins, making him a focus of public attention. Among these, the single meme coin project Trump Coin ($TRUMP) generated about $636 million in revenue, making it one of Trump’s largest income sources.
When facing external questions about whether he is involved in a conflict of interest, Trump said he has not been continuously tracking the relevant income and does not know how much profit cryptocurrency memes have actually brought him. He said that if he holds stock in a company and the company’s share price rises, he would not calculate every day how much his assets have increased, and he believes that outside criticism of his cryptocurrency income has been exaggerated.
Trump made $1.4 billion off the crypto world claiming he didn’t know! Lawmakers angry push a bill to fully ban politicians from issuing coins
Trump discloses more than $1.4 billion in crypto income, sparking an ethics controversy in Congress
A newly released financial disclosure by U.S. President Donald Trump shows that since 2025, his income from businesses related to cryptocurrency has exceeded $1.4 billion. This includes revenue from the sale of World Liberty Financial tokens, bitcoin investments, and multiple other businesses such as meme coins, making him a focus of public attention. Among these, the single meme coin project Trump Coin ($TRUMP) generated about $636 million in revenue, making it one of Trump’s largest income sources.
When facing external questions about whether he is involved in a conflict of interest, Trump said he has not been continuously tracking the relevant income and does not know how much profit cryptocurrency memes have actually brought him. He said that if he holds stock in a company and the company’s share price rises, he would not calculate every day how much his assets have increased, and he believes that outside criticism of his cryptocurrency income has been exaggerated.
A newly released financial disclosure by U.S. President Donald Trump shows that since 2025, his income from businesses related to cryptocurrency has exceeded $1.4 billion. This includes revenue from the sale of World Liberty Financial tokens, bitcoin investments, and multiple other businesses such as meme coins, making him a focus of public attention. Among these, the single meme coin project Trump Coin ($TRUMP) generated about $636 million in revenue, making it one of Trump’s largest income sources.
When facing external questions about whether he is involved in a conflict of interest, Trump said he has not been continuously tracking the relevant income and does not know how much profit cryptocurrency memes have actually brought him. He said that if he holds stock in a company and the company’s share price rises, he would not calculate every day how much his assets have increased, and he believes that outside criticism of his cryptocurrency income has been exaggerated.
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Article
What does Blackstone’s $3.5 billion sale of AI data centers and withdrawal from the development of the world’s largest campus mean?QTS Realty Trust, a real estate investment trust under Blackstone, recently sold its equity interests in three data centers in Northern Virginia for $3.5 billion. It immediately then pulled out of a planned development project for what would be the world’s largest data center campus. As a major data center developer with related assets totaling more than $150 billion, two consecutive withdrawal signals have left the market wondering whether the AI infrastructure boom is cooling down?
Blackstone steadily exits the AI data center market: sells assets, withdraws from development
Bloomberg reported that Blackstone is pulling out of the US data center market. The group recently sold its equity interests in three data centers in Northern Virginia to Digital Realty Trust for $3.5 billion. The transaction structure includes $1.2 billion in cash and $2.3 billion in Digital Realty stock. The three facilities are two 96 MW data centers in Manassas (with Blackstone holding an 80% stake) and one 96 MW data center in Sterling (with a 50% stake). All are assets Blackstone acquired less than three years ago.
What does Blackstone’s $3.5 billion sale of AI data centers and withdrawal from the development of the world’s largest campus mean?
QTS Realty Trust, a real estate investment trust under Blackstone, recently sold its equity interests in three data centers in Northern Virginia for $3.5 billion. It immediately then pulled out of a planned development project for what would be the world’s largest data center campus. As a major data center developer with related assets totaling more than $150 billion, two consecutive withdrawal signals have left the market wondering whether the AI infrastructure boom is cooling down?
Blackstone steadily exits the AI data center market: sells assets, withdraws from development
Bloomberg reported that Blackstone is pulling out of the US data center market. The group recently sold its equity interests in three data centers in Northern Virginia to Digital Realty Trust for $3.5 billion. The transaction structure includes $1.2 billion in cash and $2.3 billion in Digital Realty stock. The three facilities are two 96 MW data centers in Manassas (with Blackstone holding an 80% stake) and one 96 MW data center in Sterling (with a 50% stake). All are assets Blackstone acquired less than three years ago.
Blackstone steadily exits the AI data center market: sells assets, withdraws from development
Bloomberg reported that Blackstone is pulling out of the US data center market. The group recently sold its equity interests in three data centers in Northern Virginia to Digital Realty Trust for $3.5 billion. The transaction structure includes $1.2 billion in cash and $2.3 billion in Digital Realty stock. The three facilities are two 96 MW data centers in Manassas (with Blackstone holding an 80% stake) and one 96 MW data center in Sterling (with a 50% stake). All are assets Blackstone acquired less than three years ago.
BXUS-0.36%
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Short-selling film’s protagonist prototype shorts Micron: shareholders’ median ROE is only 7%, questioning long-term profitability potentialThe protagonist prototype of the blockbuster short-selling film The Big Short, investor Michael Burry, has revealed on his personal Substack platform that he has officially established a short position in Micron Technology (NASDAQ: MU), a memory chip manufacturer. Burry said the recent surge in this memory company’s stock price has been driven mainly by market speculation frenzy and fear of missing out; he warned that it may face a sharp pullback and correction in the future.
Micron stock price divergence from the 200-day moving average has reached its highest level
According to the investment information Burry released, on July 1 he shorted Micron at a price of $1,051.87 per share. He believes this wave of Micron’s rally is driven by the Greater Fool Theory and public commitment bias. Past historical data show that Micron exhibits strong cyclical volatility characteristics, with 34 instances of sudden declines exceeding 30% within 42 years. In addition, the extent to which Micron’s stock price has deviated from its 200-day moving average has reached the highest level since 1984, even surpassing the extreme value during the 2000 dot-com bubble period.
Short-selling film’s protagonist prototype shorts Micron: shareholders’ median ROE is only 7%, questioning long-term profitability potential
The protagonist prototype of the blockbuster short-selling film The Big Short, investor Michael Burry, has revealed on his personal Substack platform that he has officially established a short position in Micron Technology (NASDAQ: MU), a memory chip manufacturer. Burry said the recent surge in this memory company’s stock price has been driven mainly by market speculation frenzy and fear of missing out; he warned that it may face a sharp pullback and correction in the future.
Micron stock price divergence from the 200-day moving average has reached its highest level
According to the investment information Burry released, on July 1 he shorted Micron at a price of $1,051.87 per share. He believes this wave of Micron’s rally is driven by the Greater Fool Theory and public commitment bias. Past historical data show that Micron exhibits strong cyclical volatility characteristics, with 34 instances of sudden declines exceeding 30% within 42 years. In addition, the extent to which Micron’s stock price has deviated from its 200-day moving average has reached the highest level since 1984, even surpassing the extreme value during the 2000 dot-com bubble period.
Micron stock price divergence from the 200-day moving average has reached its highest level
According to the investment information Burry released, on July 1 he shorted Micron at a price of $1,051.87 per share. He believes this wave of Micron’s rally is driven by the Greater Fool Theory and public commitment bias. Past historical data show that Micron exhibits strong cyclical volatility characteristics, with 34 instances of sudden declines exceeding 30% within 42 years. In addition, the extent to which Micron’s stock price has deviated from its 200-day moving average has reached the highest level since 1984, even surpassing the extreme value during the 2000 dot-com bubble period.
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Article
Once again, raise AI bubble risk! Tether CEO: Sell Tokens cheap to attract users, but splurge on equipment that depreciates quicklyTether CEO warns: four major mismatches behind the AI capex frenzy
We’ve heard talk of AI bubbles, but what are the real risks? Recently, Paolo Ardoino, CEO of Tether—the stablecoin issuer of USDT—pointed to a risk signal: AI tech giants are subsidizing compute to acquire users and spending big on hardware that can be depreciated away in just 3 to 5 years.
He warns that this wave of AI capex frenzy hides four mismatches: token prices fail to reflect true costs, the mismatch between early investment and profit timelines, the mismatch between capital expiration and short hardware lifespans, and open-source AI steadily eating into an increasing share of revenue. What could possibly go wrong?
Once again, raise AI bubble risk! Tether CEO: Sell Tokens cheap to attract users, but splurge on equipment that depreciates quickly
Tether CEO warns: four major mismatches behind the AI capex frenzy
We’ve heard talk of AI bubbles, but what are the real risks? Recently, Paolo Ardoino, CEO of Tether—the stablecoin issuer of USDT—pointed to a risk signal: AI tech giants are subsidizing compute to acquire users and spending big on hardware that can be depreciated away in just 3 to 5 years.
He warns that this wave of AI capex frenzy hides four mismatches: token prices fail to reflect true costs, the mismatch between early investment and profit timelines, the mismatch between capital expiration and short hardware lifespans, and open-source AI steadily eating into an increasing share of revenue. What could possibly go wrong?
We’ve heard talk of AI bubbles, but what are the real risks? Recently, Paolo Ardoino, CEO of Tether—the stablecoin issuer of USDT—pointed to a risk signal: AI tech giants are subsidizing compute to acquire users and spending big on hardware that can be depreciated away in just 3 to 5 years.
He warns that this wave of AI capex frenzy hides four mismatches: token prices fail to reflect true costs, the mismatch between early investment and profit timelines, the mismatch between capital expiration and short hardware lifespans, and open-source AI steadily eating into an increasing share of revenue. What could possibly go wrong?
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USLaunchesNewStrikesAgainstIran
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🔴#uslaunchesnewstrikesagainstiran — Strait of Hormuz, Markets in Turmoil
US military launched a new wave of strikes against Iran early July 8 , targeting over 80 sites. CENTCOM confirmed it's a direct response to Iran attacking three commercial vessels in the Strait of Hormuz (~20% of global oil supply).
The trigger sequence: Hours before the strikes, the US Treasury revoked Iran's oil sanctions waiver (issued just 60 days ago). Then Iran hit three civilian-crewed ships. The US called it a "clear violation of the ceasefire" and launched punitive operations that officials say "will not end in the short term."
Market fallout: WTI Crude jumped +2.8% to $72.39 . The Dollar hit week-highs. Asian equities slid. Bitcoin dropped from $64.4K to $63.3K as risk-off hit. This is a stagflationary shock — oil spikes fuel inflation, limiting the Fed's ability to cut rates despite the weak payrolls report (+57K).
The danger escalator: Strikes land during Trump's NATO summit and Tehran's state funeral for former Supreme Leader Khamenei. Missiles hitting Iran while the country mourns raises the risk of a broader, uncontrollable escalation.
Bottom line: The most significant US-Iran escalation since the war began. Oil at $75+ changes Q3 macro entirely — and not in favor of risk assets.
Uncertainty from the strait, from Tehran, from every tanker trying to get through.
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