Wu Says Blockchain

In the most elite fields, just a slight lead can result in a significant difference in returns, so the future requires specialization.

Bitget suffered a third-party security vulnerability attack, approximately 388 million USD was transferred out, but the private keys and cold wallets were not affected, user balances remain intact, and the protection fund will be replenished to 300 million USD within a week.

Bitget stated that it will follow up on the investigation progress every hour, and the specific attack vectors (such as whether there is a private key leak or interface vulnerability) are pending a complete report from the authorities.

CoinShares report: Publicly listed mining companies overall fell below the cash break-even line in Q2, with the pre-tax cash cost per BTC being approximately $75,500.

Chairman Paul Atkins placed this move after the legislative obstacles in Congress: "Earlier this week, Congress failed to advance the CLARITY Act. Therefore, today, the SEC has taken an important step within its statutory authority."

AI cloud revenue is 5 times that of Bitcoin mining, but capital expenditure is 15 times the revenue.

Pump.fun Co-founder: Pump Foundation's treasury is approaching 2 billion USD and is considering launching its own stablecoin. Rather than entering the fiercely competitive Perps market, it hopes to continue expanding its advantages in token trading.

Market concentration is declining. Binance investors are also reducing their concentrated allocation in the semiconductor industry and shifting funds towards the software and capital markets industries.

Arthur Hayes discusses the repatriation of capital to Japan, the direction of Federal Reserve policy, and the capital misallocation in AI.

The founder of Strategy responds to investors: the company is currently in a Bitcoin bear market, focusing on repairing its digital credit business, will not prioritize repurchasing MSTR or paying dividends, and remains bullish on Bitcoin in the long term.