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Imran Khan, co-founder of Alliance, stated on the X platform that he remains optimistic about the development prospects of the cryptocurrency industry, noting that the market has previously overestimated the speed at which cryptocurrency would become the next mainstream computing paradigm. Many had originally expected cryptocurrency to lead the next platform revolution, but ultimately, it has largely been artificial intelligence (AI) that has taken on this role.Khan pointed out that over the past decade, a significant amount of capital has flowed into the cryptocurrency industry, but a considerable portion of that funding has been used for overbuilding. The industry has not focused on a few applications with clear advantages but has attempted to reshape multiple fields such as finance, social networking, and governance simultaneously. The adjustments and consolidations currently experienced in the market are essentially a natural return after previous overexpansion and do not mean that the core logic of the cryptocurrency industry has failed.He believes that the greatest path to success for the cryptocurrency industry may not be to first create a killer application, but rather to become the global financial infrastructure. As stablecoins, cryptocurrency wallets, tokenized stocks, and on-chain financial services reach more users through digital banking and ultimately serve AI agents, the cryptocurrency network will become the default value settlement layer of the internet. Once these infrastructures are widely adopted, innovations such as DAOs, decentralized markets, and machine-to-machine payments, which were previously difficult to implement due to timing, may finally see true large-scale application opportunities.

According to Fortune, U.S. prosecutors this week charged Google software engineer Michele Spagnuolo (36 years old, Italian, currently residing in Switzerland) with insider trading.Prosecutors stated that under the username "AlphaRaccoon," he placed bets on the prediction market platform Polymarket using internal search trend data before the public release of Google's "2025 Search Annual" data, accumulating profits of over $1.2 million.The FBI identified him by tracking cryptocurrency payments. Google has suspended him and stated that using confidential information to place bets severely violates company policy.Spagnuolo is charged with violating the Commodity Exchange Act, telecommunications fraud, and money laundering, and could face years in prison.

According to The Block, Standard Chartered Bank believes that the recent sharp decline in ETH prices does not reflect the continuous improvement of internal indicators on the Ethereum network, comparing it to Amazon's phase after the tech bubble burst in 2001. The bank maintains its ETH price targets: $4,000 by the end of 2026 and $40,000 by the end of 2030, and expects the ETH/BTC exchange rate to rebound to about 0.08 by the end of this decade.The bank stated that Ethereum dominates the stablecoin and RWA (real-world asset tokenization) sectors, expecting the market value of both stablecoins and non-stablecoin RWAs to increase to about $2 trillion by 2028, which will drive Ethereum's trading volume and TVL to new highs, pushing ETH prices upward.

According to Bloomberg, the Bank for International Settlements (BIS) and its partners are about to launch a real-value transaction test for the digital cross-border payment project Project Agorá. This project involves the BIS, seven central banks, and more than 40 regulated institutions, including the New York Fed, the European Central Bank, the Bank of Japan, the Bank of England, as well as JPMorgan, UBS, Deutsche Bank, and others.The prototype adopts the concept of a "unified ledger," utilizing blockchain technology to complete interbank transfers between different countries in seconds, trading in an "atomic" manner. The system retains existing sanctions enforcement and anti-money laundering screening mechanisms. The BIS stated that tokenization can safely and effectively address the inefficiencies of wholesale cross-border payments. The Bank of Canada has joined the project, and more private institutions are expected to join as well.

According to CoinDesk, the latest research from Project Agorá, led by the Bank for International Settlements (BIS), shows that tokenization technology is expected to significantly improve settlement speed and reconciliation efficiency in cross-border payments, while reducing transaction failures and operational risks.The project involves BIS collaborating with seven central banks and over 40 financial institutions, including the New York Fed, Bank of England, Bank of Japan, and Swiss National Bank. The research suggests that tokenizing central bank reserves and commercial bank deposits can support "atomic settlement" across currencies and jurisdictions, allowing transactions to "either complete simultaneously or fail simultaneously," thereby reducing the credit and execution risks commonly associated with cross-border payments.Currently, Project Agorá has completed the simulation testing phase and plans to enter the "real-value" trading testing phase to explore on-chain settlement applications for certain currencies and institutions in a real funds environment.

According to monitoring by Catcher Predict, in the prediction market Polymarket, the "Bologna FC 1909 vs. FC Internazionale Milano" event has seen a dramatic fluctuation in the "Yes" option win rate for the sub-market "Bologna FC 1909," soaring from 28.5% an hour ago to the current 76.5% (a fluctuation of 48%). Please note the impact of related breaking news.

According to a report by Cai Lian She, Tiger International issued a statement clarifying that recent remarks about its "refusal to cooperate with regulators" or "confronting regulators" are completely inconsistent with the facts.The company stated that compliance is the lifeline of its operations. In response to the latest regulatory requirements put forward by regulatory agencies, the company will strictly rectify in accordance with the guidance of the China Securities Regulatory Commission and relevant regulatory departments. Starting in 2023, the company has fully stopped opening accounts and marketing to mainland users, and by the end of the first quarter of 2026, the proportion of assets from mainland clients is expected to be about 10%. The client and asset scale in overseas markets is steadily growing, and the company will steadily advance compliance work to ensure the safety of client assets.

Polymarket staff Shantikiran Chanal posted on platform X that they have noted a security report related to reward distribution, and user funds and market settlements are in a secure state. The investigation points to a wallet used for internal operations experiencing a private key leak, rather than an issue with the contract or core infrastructure. More updates will be released later.Previously, ZachXBT stated that the Polymarket UMA CTF Adapter contract was suspected to have been attacked on Polygon, with over $520,000 currently leaked.

According to Jinshi reports, the Federal Reserve's meeting minutes will be released tonight, and internal rifts may be fully exposed. Federal Reserve officials stated that persistent inflation is the most pressing risk facing the economy, and in certain cases, it may be necessary to raise interest rates to alleviate inflationary pressures. Market views suggest that it will become more difficult for the Federal Reserve to push for rate cuts after the new chairman, Waller, takes office, and the meeting minutes will help gauge the changes in the size of the camp advocating for a more neutral forward guidance.

According to Jinshi News, the divergence among Federal Reserve policymakers regarding the direction of interest rates and the severity of inflation will be reflected in the meeting minutes released early this morning. This minutes will reveal the full picture of one of the most divided meetings within the Federal Reserve, with an increasing number of officials adopting a cautious stance, concerned about rising inflation, while the number of those inclined to cut interest rates is decreasing.Deutsche Bank analysts stated that although the minutes may seem somewhat outdated, they still help gauge the changes in the size of the camp advocating for a more neutral forward guidance.

According to Bits.media, the Central Bank of Russia aims to prohibit Russian citizens from trading on cryptocurrency exchanges that comply with international sanctions. Ekaterina Lozgacheva, head of the Central Bank's Strategic Development Department, stated that the Central Bank plans to ban Russians from trading on foreign cryptocurrency exchanges that adhere to international sanctions. Russians can only trade cryptocurrencies on foreign platforms through Russian brokers, provided that these foreign platforms do not comply with international sanctions.The country's central bank will establish its own standards for foreign platforms that Russian brokers and investors can use. Lozgacheva noted that even trading cryptocurrencies abroad through Russian intermediaries is subject to foreign regulation, posing additional risks. The annual purchase limit for non-professional investors is set at 300,000 rubles, and they can only access the most liquid cryptocurrency assets through domestic brokers. A test must be completed before trading, and qualified investors are not subject to the limit but must also undergo testing. Relevant restrictions will be included in the second reading version of the draft "Digital Currency and Digital Rights Law," with key provisions expected to take effect on July 1.

GitHub has officially stated that it is investigating an unauthorized access incident involving its internal code repository. GitHub claims that there is currently no evidence to suggest that customer data stored in enterprise, organization, or code repositories outside the GitHub platform has been affected, but the company is continuously monitoring its infrastructure to prevent further abnormal activities.GitHub stated that if it is later confirmed that user data or services are affected, it will notify customers through existing incident response and notification channels.

Galxe released a security update stating that a leaked internal key affected the retired Galxe SpaceStation V2 contract. Galxe emphasized that this incident did not affect the security of any user wallets or funds, and even if users had previously interacted with the relevant contract, their wallet assets are "completely safe."The platform stated that the issue is limited to the relevant contract level, and the root cause has been confirmed. They are currently updating security controls and will publish a complete report after the investigation is completed.

According to monitoring by Catcher Predict, in the Polymarket event "Internazionali BNL d'Italia: Coco Gauff vs Elina Svitolina," the "Yes" option in the sub-market "Completed Match" has experienced a dramatic fluctuation in winning probability, soaring from 50% an hour ago to the current 71% (a fluctuation of 21%). Please note the impact of relevant breaking news.

The tokenized financial market infrastructure Digital Asset Clearing Center (DACC) announced the completion of a $10 million strategic financing, with participation from Conflux, Global InfoTech, Fosun International, Blockstone, Avior Capital, Fintech World, Satoshi Ventures, and BridgeTower. DACC currently provides end-to-end "Clearing-as-a-Service" for financial institutions, and the new funds will support its construction of compliant financial settlement and clearing infrastructure.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "Internazionali BNL d'Italia: Jannik Sinner vs Daniil Medvedev," the sub-market "Internazionali BNL d'Italia: Jannik Sinner vs Daniil Medvedev Total Games: Over/Under 2.5" saw a dramatic fluctuation in the win rate of the "Over 2.5" option, dropping from 99.05% an hour ago to the current 83.05% (a fluctuation of 16%). Please note the impact of relevant breaking news.

According to monitoring by Catcher Predict, in the market prediction event "Internazionali BNL d'Italia: Jannik Sinner vs Daniil Medvedev" on Polymarket, the win probability of the "Yes" option in the sub-market "Completed Match" has experienced significant fluctuations, soaring from 66% an hour ago to the current 82% (a fluctuation of 16%). Please note the impact of related breaking news.

According to monitoring by Catcher Predict, in the predicted market Polymarket, the "Internazionali BNL d'Italia: Jannik Sinner vs Daniil Medvedev" event saw a dramatic fluctuation in the "Yes" option win rate of the sub-market "Completed Match," dropping from 82.5% an hour ago to the current 52.5% (a fluctuation of 30%). Please note the impact of related breaking news.