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Project Overview
Future is a Bitcoin treasury company headquartered in Zurich, Switzerland, dedicated to bridging Bitcoin with the traditional financial system to enable institutional-grade Bitcoin asset management and investment strategies.
Analysts Support Strategy Increasing Cash Holdings, Saylor Says No Longer "100% Allocating to Bitcoin" in the Future
Odaily News, Strategy Executive Chairman Michael Saylor said at the company's Q2 earnings call that while the company has previously allocated nearly "100% of its funds to Bitcoin," it may adopt a combined strategy of holding both cash and BTC going forward. He stated, "Perhaps the best way to buy the most Bitcoin is not to buy the most Bitcoin immediately."TD Cowen and Benchmark both maintained their Buy ratings on Strategy following the Q2 earnings call. The two firms believe that the core goal of the company's current management has shifted toward bringing its STRC preferred stock price back to near par value, thereby restoring its ability to function as a financing tool.TD Cowen analyst Lance Vitanza said the most important takeaway from the call was management's strong focus on STRC. Company executives repeatedly emphasized that restoring STRC to par value is the core objective, and noted that despite recent price deviations in the security, institutional adoption continues to rise.Benchmark analyst Mark Palmer holds a similar view. He pointed out that Saylor and his team spent most of the 90-minute call focused on the same goal: restoring STRC to the $99–$100 range, making it once again the primary engine for the company to raise capital and purchase Bitcoin.
Whale "First Set Ten Big Goals": It Will Become Increasingly Rare to See Bitcoin Below $60,000 in the Future
the whale "First Set Ten Big Goals" posted on platform X, stating that after closing their short position, they quickly re-established a long position because their medium-to-long-term outlook has not changed. They believe the key demarcation zone of the previous bull market was around $60,000, and currently, the mainstream mining cost for Bitcoin is roughly concentrated in the $50,000 to $60,000 range. Last month, Bitcoin quickly recovered after dipping to a low of $58,000, validating the support level in this area. They believe that, barring systemic risks or major fundamental changes, the risk-reward ratio of continuing to short at the current level is not favorable. After Bitcoin completed its consolidation and hand-changing in the $58,000 to $63,000 range, it finished its correction and firmly re-established support around $66,000. The market now has the conditions for further upward movement, and they do not rule out the possibility of a strong bullish candle pushing Bitcoin past $72,000.They also stated that the current valuation of the US stock market, especially the AI-related sectors, is relatively high, which could lead to increased volatility in the future. Furthermore, the correlation between Bitcoin and US stocks has significantly decreased compared to previous cycles. With continued institutional capital inflows and the strengthening of Bitcoin's asset attributes, Bitcoin is gradually forging its own independent market trend..
U.S. and UK Treasuries Release Joint Statement and Recommendations to Promote Stablecoin Innovation
The U.S. Department of the Treasury and the UK's His Majesty's Treasury have issued a joint statement and recommendations as part of the "Transatlantic Working Group for Future Markets." The working group recommends that the Bank of England, the FCA, along with the U.S. CFTC and SEC, develop regulatory frameworks for tokenized assets while requiring the FCA and SEC to explore measures to facilitate cross-border financing. In terms of specific recommendations, both the U.S. and UK propose: supporting the development of stablecoins, tokenized deposits, and similar digital assets; promoting market competition and innovation; and establishing higher standards for asset custody, reserve segregation, and consumer protection. (The Block)
IMF: The Future of Tokenization Depends on Policy Choices; Three Types of Settlement Assets Including Stablecoins May Coexist
Odaily, Tobias Adrian, Director of the Monetary and Capital Markets Department at the International Monetary Fund (IMF), stated that as assets migrate to shared digital ledgers, policy choices regarding the monetary system, market infrastructure, and legal frameworks will determine whether tokenization strengthens the integration of the financial system or leads to further fragmentation.The tokenized economy is forming three types of settlement assets: tokenized bank deposits, stablecoins, and tokenized central bank reserves. Tokenization is not just about faster payments or programmable assets; it involves migrating financial assets and liabilities to a unified ledger, compressing execution, clearing, and settlement into a synchronized process driven by software. This shift may also transfer risks from the balance sheets of traditional intermediaries to platforms, code, and infrastructure providers. (The Block)
Multiple law enforcement agencies jointly oppose key provisions of the Clarity Act; negotiations continue
According to Crypto in America, the National District Attorneys Association, the National Association of Assistant U.S. Attorneys, the International Association of Chiefs of Police, and the National Sheriffs’ Association jointly sent a letter to Acting Attorney General Todd Blanche and Patrick Witt, Executive Director of the White House Crypto Council, expressing strong opposition to Section 604 of the “Clarity Act”—the Blockchain Regulatory Certainty Act (BRCA). Law enforcement groups argue that this provision could create regulatory loopholes exploitable by criminals for illicit activities including drug trafficking, fraud, child exploitation, sanctions evasion, and terrorist financing. Meanwhile, cryptocurrency-backed candidates achieved sweeping victories in primary elections across Maryland, New York, and Utah. Fairshake—a pro-crypto super PAC—has collectively spent over $7.6 million supporting these candidates, including $5.5 million backing Adrian Boafo, the candidate for Maryland’s 5th congressional district. Miller Whitehouse-Levine, founder of the Solana Policy Institute, warned that August 7, 2026, may be the final window for Congress to pass cryptocurrency market structure legislation. He stated that the industry is willing to make limited revisions to the BRCA provisions to address law enforcement concerns—but firmly opposes any fundamental changes that would weaken the core protections enshrined in the provision. Additionally, the House Financial Services Committee held a hearing on “The Future of Payments” the same day.
The head of South Korea’s Financial Supervisory Service admitted the failure of the single-stock leveraged ETF policy and plans to introduce safety measures.
According to Yonhap News Agency, Lee Chan-jin, Governor of Korea’s Financial Supervisory Service (FSS), stated at a press briefing on June 22 that the launch of single-stock leveraged ETFs tracking Samsung Electronics and SK Hynix had yielded poor results and generated excessive side effects—causing him deep personal regret—and acknowledged that the policy had effectively failed. He pointed out that the extremely high trading turnover rates of these products enabled securities firms to collect massive commissions while delivering no substantive returns to investors; the highest turnover rate approached 200%, allowing securities firms to earn up to 10 trillion Korean won in transaction fees. Meanwhile, he expressed serious concern over the ongoing expansion of leveraged investment in the market and the extreme concentration of trading in semiconductor stocks, emphasizing that the FSS would consult with relevant policy authorities to introduce, in phases, safeguards targeting margin financing. Additionally, regarding Future Asset Securities’ zero-allocation policy for the SpaceX public stock offering, he remarked it was “difficult to understand.” The FSS has launched an on-site inspection of Korea Investment Trust Management Co., Ltd., and will conduct a compliance review of Samsung Asset Management Co., Ltd.
South Korea's Financial Services Commission plans to further raise the threshold for single-stock leveraged products; retail investors may be prohibited from participating
According to the Seoul Economic Daily, Korea Financial Services Commission (FSC) Chairman Lee Bok-hyun stated that regulatory authorities are studying a proposal to further raise the investment threshold for single-stock leveraged products. Future restrictions on investment qualifications cannot be ruled out; retail investors may be prohibited from participating, with access limited to professional investors only.
Coinbase Singapore Office Opens, Plans to Increase Local Staff to Around 200 by End of 2026
: Hassan Ahmed, Head of Coinbase Singapore, stated that the company plans to increase its Singapore workforce from the current approximately 150 employees to around 200 by the end of 2026. Future hiring priorities will focus on positions in engineering, customer service, client relationship management, and institutional sales. On the same day, Coinbase officially inaugurated its Singapore office located at One Raffles Quay. Hassan Ahmed said that Singapore is "one of the world's most trusted financial hubs and one of Coinbase's fastest-growing international markets." He noted that the new office reflects the company's long-term confidence in Singapore as a strategic hub for innovation, talent, and responsible growth in the Asia-Pacific region. It will also help the company collaborate more closely with local regulators, continue investing in talent, and further expand its partnerships.
Cross-chain protocol Allbridge confirms $1.65 million loss from liquidity pool and plans to deprecate old architecture
the cross-chain protocol Allbridge has issued an official statement confirming that an attacker has withdrawn approximately $1.65 million in assets from the Allbridge Core liquidity pool. A detailed analysis of the incident is currently being compiled, and the full investigation results will be published subsequently. The team emphasizes that there is no further risk to current user liquidity and that the Allbridge Next service is operating normally.In response to this incident, Allbridge plans to relaunch the Core version but will remove the liquidity pool design. Future cross-chain transfers will be facilitated via Circle CCTP and the LayerZero router to eliminate the risk of liquidity pool imbalance and the model vulnerabilities exploited in this attack. This incident has accelerated the previously initiated migration plan to fully transition to the more secure new infrastructure, Allbridge Next. According to the plan, Allbridge Core and Allbridge Classic will cease operations in their current form within the next three months, and users are advised to withdraw their relevant liquidity in advance.It is understood that this attack has exposed the risks inherent in the traditional cross-chain liquidity pool model and has further driven the protocol's transition towards a cross-chain architecture based on message passing and native asset transfer.
Vitalik: The Ideal Far Future of AI Results in Deep Integration of Humans and Machines While Preserving Global Pluralism
Vitalik stated on platform X that one direction for future AI development is a deeper integration of humans and machines, including computers working more collaboratively with humans, identifying conscious and subconscious signals emitted by humans, brain-computer interfaces, and computer-assisted telepathy that helps multiple people better understand each other and cooperate. Its ultimate form is to eliminate the binary division between humans and machines and open up various positions on this spectrum.Vitalik hopes that deeply integrated humans and machines can outperform separate humans and machines, and this should continue until the technological ceiling is reached. The far-future AI outcomes he envisions include: global political and economic pluralism is preserved, with no single company or government dominating; humans can choose to accept technological upgrades to explore the universe at a level competitive with pure machines, or maintain the status quo and act in the world through robots that take orders; most of the Earth could become highly regulated nature reserves, where people can continue their current lifestyle, and those who wish to do more radical things would go to space.AI itself may become too powerful compared to other alternatives, a certain country or company may gain a decisive advantage and lock it in permanently, powerful technological means could cause incalculable harm, and the path of human-machine integration itself may not retain enough humanity, ultimately becoming just another way to create powerful robots. Therefore, he hopes to pass through this narrow passage at a slower pace and is supportive of proposals for deceleration or moratorium, including ideas like Mutual Assured Compute Destruction that can provide braking opportunities.Vitalik stated that his ideal world is one where open-weight models prevail, and Dean Ball's judgment that open-weight models have a decelerationist effect by curbing capital expenditure on frontier models is completely correct, even though it will drive more capital expenditure on peripheral devices and applications. This can achieve deceleration without resorting to harsher political means. However, he believes one should not expect the world to naturally provide convenient economic and physical laws. Humanity still has a certain degree of agency over political laws, and there are many ways to change incentives without letting a single authority take control, and these should be utilized.
UK and US Support Unified Stablecoin Reserve, Redemption, and Market Access Rules
: The UK and US governments, through the Future Markets Cross-Atlantic Working Group, have issued a joint position on stablecoins, supporting coordinated rules on reserves, redemption, market access, and cross-border use. The two governments stated that if stablecoins are properly regulated, they can improve payments, settlement, and financial market infrastructure, while supporting the development of private digital currencies under public sector oversight. The UK and US indicated that stablecoins used as currency should be fully backed by high-quality liquid assets at a minimum ratio of 1:1. Reserve assets should be segregated from the issuer’s own funds, with disclosure standards for custody, redemption, and legal rights provided to holders. The two countries also stated they will explore pathways for stablecoins issued in one country to enter the other’s market, and support fair, risk-based access to financial services and markets for legitimate, regulated stablecoin and digital asset providers.
Macro Shocks Impact Crypto Market, Huobi HTX to Live Stream Analysis of BTC Future Trends
According to the official announcement, Huobi HTX will host a themed live stream today at 20:00 titled "Ceasefire Ends, Oil Price Surges Past 75, STRATEGY Sells Coins at Loss for First Time: Can BTC's Macro Narrative Still Hold?" During the event, crypto KOLs such as HuaBai Blockchain, Sincere Little Taoist, Crypto.0824, and OxPink will gather in the live stream room to conduct in-depth discussions on recent market hotspots such as the fluctuating situation in the Middle East and the strong upward trend in international oil prices, and combine Federal Reserve policy expectations to analyze BTC's future trend as well as crypto asset allocation opportunities and risk management strategies, providing investors with multi-dimensional market observations and trading ideas.
Analysts Support Strategy Increasing Cash Holdings, Saylor Says No Longer "100% Allocating to Bitcoin" in the Future
Odaily News, Strategy Executive Chairman Michael Saylor said at the company's Q2 earnings call that while the company has previously allocated nearly "100% of its funds to Bitcoin," it may adopt a combined strategy of holding both cash and BTC going forward. He stated, "Perhaps the best way to buy the most Bitcoin is not to buy the most Bitcoin immediately."TD Cowen and Benchmark both maintained their Buy ratings on Strategy following the Q2 earnings call. The two firms believe that the core goal of the company's current management has shifted toward bringing its STRC preferred stock price back to near par value, thereby restoring its ability to function as a financing tool.TD Cowen analyst Lance Vitanza said the most important takeaway from the call was management's strong focus on STRC. Company executives repeatedly emphasized that restoring STRC to par value is the core objective, and noted that despite recent price deviations in the security, institutional adoption continues to rise.Benchmark analyst Mark Palmer holds a similar view. He pointed out that Saylor and his team spent most of the 90-minute call focused on the same goal: restoring STRC to the $99–$100 range, making it once again the primary engine for the company to raise capital and purchase Bitcoin.
Whale "First Set Ten Big Goals": It Will Become Increasingly Rare to See Bitcoin Below $60,000 in the Future
the whale "First Set Ten Big Goals" posted on platform X, stating that after closing their short position, they quickly re-established a long position because their medium-to-long-term outlook has not changed. They believe the key demarcation zone of the previous bull market was around $60,000, and currently, the mainstream mining cost for Bitcoin is roughly concentrated in the $50,000 to $60,000 range. Last month, Bitcoin quickly recovered after dipping to a low of $58,000, validating the support level in this area. They believe that, barring systemic risks or major fundamental changes, the risk-reward ratio of continuing to short at the current level is not favorable. After Bitcoin completed its consolidation and hand-changing in the $58,000 to $63,000 range, it finished its correction and firmly re-established support around $66,000. The market now has the conditions for further upward movement, and they do not rule out the possibility of a strong bullish candle pushing Bitcoin past $72,000.They also stated that the current valuation of the US stock market, especially the AI-related sectors, is relatively high, which could lead to increased volatility in the future. Furthermore, the correlation between Bitcoin and US stocks has significantly decreased compared to previous cycles. With continued institutional capital inflows and the strengthening of Bitcoin's asset attributes, Bitcoin is gradually forging its own independent market trend..
Goldfinch Community Proposal for Operational Maintenance and Orderly Shutdown of Goldfinch Prime
The Goldfinch community has approved GIP-87, initiating the orderly shutdown of Goldfinch Prime and transitioning Goldfinch into “maintenance mode.” Future efforts will focus primarily on recovering funds from legacy lending pools, ensuring users can continue to claim repayments through historical applications, and completing foundation-related operational and administrative wind-down activities.
Grayscale: Strategy’s Bitcoin Sales Amplify Market Volatility, Future Accumulation Capacity May Be Limited
Zach Pandl, Head of Research at Grayscale Research, stated that the market experienced a new wave of volatility following Strategy's disclosure on June 1st of selling 32 Bitcoin. Although the sale is negligible compared to its holdings of approximately 840,000 Bitcoin (worth about $55 billion), this rare reduction move still impacted market sentiment.Pandl pointed out that the more noteworthy development is the performance of Strategy’s Variable Rate Preferred Stock STRC (Stretch). The product has a design target price of around $100 and currently offers a dividend yield of 11.5%. When the stock price falls below $100, it indicates that investors are demanding a higher rate of return, which may force the company to increase dividend levels. This would increase future cash flow pressure and potentially compel it to sell more Bitcoin for fundraising, further weighing on BTC prices. Strategy's leveraged Bitcoin reserve model is facing challenges. At current STRC and MSTR share price levels, the company's ability to continue large-scale Bitcoin accumulation may be constrained.However, Pandl noted that in the long term, the migration of Bitcoin holdings from highly leveraged digital asset reserve companies to more diversified corporate balance sheets will help enhance market resilience and improve Bitcoin's long-term value support. He expects Bitcoin to resume its upward trend in the coming months, but its near-term performance may lag behind crypto asset sectors that benefit more directly from regulatory clarity.
Uniswap Founder Responds to Bankless Co-founder Dumping ETH: "ETH is Money" Is the Correct Narrative
Odaily Odaily reports: In response to Bankless founder David Hoffman's liquidation of his ETH holdings, Uniswap founder Hayden Adams posted a reply on platform X, stating that “ETH is Money” is the correct narrative, though perhaps misunderstood by most.Hayden Adams indicated that in the future, all assets will be tokenized, people will hold the assets they value most, and the most decentralized monetary system will manifest as “an infinite number of forms of money competing with each other.”He believes that with a low-cost, high-efficiency, 24/7 asset exchange system in place, a single unit of account is not necessary. At the same time, he stated that Uniswap, built on Ethereum, is “the best decentralized monetary system,” and that it is still in its early stages.Recommended reading: Bankless Co-founder's Confession on Liquidating ETH: Ethereum Did the Right Things, but “ETH is Money” Has No Future.
Gate Research Institute: Multi-Agent LLM Trading Framework Significantly Outperforms Buy & Hold Strategy in BTC Backtesting
Odaily Odaily News: A recent report released by Gate Research Institute, titled "Research and Backtesting Analysis of BTC Trading Framework Based on Multi-Agent LLM," points out that compared to a single LLM directly generating trading signals, the Multi-Agent LLM architecture more closely mirrors the research and investment process of real financial institutions. By leveraging collaboration and debate among analysts, researchers, traders, and risk control teams, it enhances the transparency and risk control capabilities of trading decisions. The research, based on the TradingAgents framework, constructs an AI trading system applicable to the crypto scenario for the BTC market, introducing multiple agent roles such as technical analysis, news analysis, sentiment analysis, and macro/on-chain analysis.Using BTC/USDT 1-hour data, the study conducted historical backtesting of the TradingAgents-BTC strategy. The results show that the strategy achieved a total return of +20.25% during the testing period, significantly outperforming the Buy & Hold strategy's -7.89% over the same period. Furthermore, its maximum drawdown was controlled at -17.41%, lower than the Buy & Hold's -27.06%. The research suggests that during periods of consolidation and decline, the multi-agent framework can reduce some risk exposure through Sell/Underweight and Flat states, and re-enter long positions during market rebounds, thereby improving overall risk-adjusted returns.The report indicates that the Multi-Agent LLM framework shows certain application potential in crypto trading scenarios. However, the current backtesting period covers only about three months, and 1-hour level trading may still be affected by transaction fees, slippage, and signal latency. Future work requires further validation of the strategy's stability and generalization capabilities over longer historical periods, different market conditions, and across a wider range of asset classes.
Cross-chain protocol Allbridge confirms $1.65 million loss from liquidity pool and plans to deprecate old architecture
the cross-chain protocol Allbridge has issued an official statement confirming that an attacker has withdrawn approximately $1.65 million in assets from the Allbridge Core liquidity pool. A detailed analysis of the incident is currently being compiled, and the full investigation results will be published subsequently. The team emphasizes that there is no further risk to current user liquidity and that the Allbridge Next service is operating normally.In response to this incident, Allbridge plans to relaunch the Core version but will remove the liquidity pool design. Future cross-chain transfers will be facilitated via Circle CCTP and the LayerZero router to eliminate the risk of liquidity pool imbalance and the model vulnerabilities exploited in this attack. This incident has accelerated the previously initiated migration plan to fully transition to the more secure new infrastructure, Allbridge Next. According to the plan, Allbridge Core and Allbridge Classic will cease operations in their current form within the next three months, and users are advised to withdraw their relevant liquidity in advance.It is understood that this attack has exposed the risks inherent in the traditional cross-chain liquidity pool model and has further driven the protocol's transition towards a cross-chain architecture based on message passing and native asset transfer.
Multiple law enforcement agencies jointly oppose key provisions of the Clarity Act; negotiations continue
According to Crypto in America, the National District Attorneys Association, the National Association of Assistant U.S. Attorneys, the International Association of Chiefs of Police, and the National Sheriffs’ Association jointly sent a letter to Acting Attorney General Todd Blanche and Patrick Witt, Executive Director of the White House Crypto Council, expressing strong opposition to Section 604 of the “Clarity Act”—the Blockchain Regulatory Certainty Act (BRCA). Law enforcement groups argue that this provision could create regulatory loopholes exploitable by criminals for illicit activities including drug trafficking, fraud, child exploitation, sanctions evasion, and terrorist financing. Meanwhile, cryptocurrency-backed candidates achieved sweeping victories in primary elections across Maryland, New York, and Utah. Fairshake—a pro-crypto super PAC—has collectively spent over $7.6 million supporting these candidates, including $5.5 million backing Adrian Boafo, the candidate for Maryland’s 5th congressional district. Miller Whitehouse-Levine, founder of the Solana Policy Institute, warned that August 7, 2026, may be the final window for Congress to pass cryptocurrency market structure legislation. He stated that the industry is willing to make limited revisions to the BRCA provisions to address law enforcement concerns—but firmly opposes any fundamental changes that would weaken the core protections enshrined in the provision. Additionally, the House Financial Services Committee held a hearing on “The Future of Payments” the same day.
Analysis: AI Will Accelerate Quantum Computing Threats, Crypto Industry May Enter an Era of Persistent Security Arms Race
multiple blockchain and post-quantum cryptography researchers have warned that artificial intelligence (AI) is accelerating the development of quantum computing and could potentially impact the security systems of mainstream blockchains, including Bitcoin and Ethereum, earlier than anticipated.Alex Pruden, CEO of Project Eleven, a firm focused on quantum-resistant infrastructure, stated that the combination of AI and quantum computing is fundamentally reshaping the future security landscape. "People will no longer be able to rely on existing security assumptions as they have in the past," he said.Researchers point out that AI is already being used to optimize quantum error correction, which is one of the key technical bottlenecks in the development of quantum computing. Illia Polosukhin also noted that AI has been accelerating scientific breakthroughs for years, and in the future, there may even be a circular acceleration effect where "AI helps build the next generation of quantum computers."One of the industry's biggest current concerns is the "Harvest Now, Decrypt Later" strategy, where governments or advanced attackers begin mass-collecting encrypted data now, waiting to decrypt it all at once once quantum computing matures. Polosukhin warned that if quantum computers become viable within a few years, "most of today's important data on the internet could be decrypted in the future."Given that most blockchain networks and internet infrastructure currently rely on elliptic curve cryptography (ECC), a sufficiently powerful quantum computer could theoretically derive a private key from a public key, directly breaking wallets and on-chain systems. Simultaneously, AI itself is strengthening hacking capabilities. Pruden stated that AI models are becoming increasingly adept at discovering software vulnerabilities and cryptography implementation flaws, and may even be able to crack some encryption algorithms directly in the future.However, AI is also being used by developers for code auditing, formal verification, and testing post-quantum security systems, creating a "long-term security arms race" with simultaneous upgrades on both the offensive and defensive sides. Researchers believe the most significant change brought by AI and quantum computing together is that the core assumption of "long-term cryptographic reliability" in the digital age is being challenged. Future security systems may shift from "static upgrades" to continuous dynamic evolution. (CoinDesk)
Bitcoin Developers Propose BIP-361 to Counter Future Potential Quantum Attack Risks
Odaily News Bitcoin contributor Jameson Loop and other cryptographers have proposed an initiative that could force Bitcoin holders to migrate their tokens to new quantum-resistant addresses, otherwise their tokens would be permanently frozen by the network itself. In this scenario, holders would technically still "own" the coins but would lose the ability to transfer them. This is known as Bitcoin Improvement Proposal BIP-361, which was updated in Bitcoin's official proposal repository on Tuesday under the title "Post-Quantum Migration and Legacy Signature Deprecation".BIP-361 builds upon the BIP-360 proposal introduced in February. BIP-360 introduced a soft fork (a network upgrade) designed to enable a new transaction type called "Pay-to-Merkle-Root" (P2MR). This method draws from Bitcoin's Taproot (P2TR) framework but removes the key-based spending path, thereby eliminating an element widely considered to be at risk in the quantum era.The BIP-361 proposal divides the migration into three phases. Phase A begins three years after activation, prohibiting anyone from sending new Bitcoin to legacy, quantum-vulnerable addresses. You can still spend from these addresses but cannot receive any coins.Phase B begins five years after activation, rendering legacy signatures (ECDSA and Schnorr) completely invalid. The network will reject any attempts to spend coins from quantum-vulnerable wallets. Essentially, your coins will be frozen.Finally, there is Phase C, a still-under-research rescue plan: holders of frozen wallets may be able to prove ownership via zero-knowledge proofs (a method of proving knowledge of a secret without revealing the secret itself). If successful, coins frozen in Phase B could be recovered. (CoinDesk)
Analysts Support Strategy Increasing Cash Holdings, Saylor Says No Longer "100% Allocating to Bitcoin" in the Future
Odaily News, Strategy Executive Chairman Michael Saylor said at the company's Q2 earnings call that while the company has previously allocated nearly "100% of its funds to Bitcoin," it may adopt a combined strategy of holding both cash and BTC going forward. He stated, "Perhaps the best way to buy the most Bitcoin is not to buy the most Bitcoin immediately."TD Cowen and Benchmark both maintained their Buy ratings on Strategy following the Q2 earnings call. The two firms believe that the core goal of the company's current management has shifted toward bringing its STRC preferred stock price back to near par value, thereby restoring its ability to function as a financing tool.TD Cowen analyst Lance Vitanza said the most important takeaway from the call was management's strong focus on STRC. Company executives repeatedly emphasized that restoring STRC to par value is the core objective, and noted that despite recent price deviations in the security, institutional adoption continues to rise.Benchmark analyst Mark Palmer holds a similar view. He pointed out that Saylor and his team spent most of the 90-minute call focused on the same goal: restoring STRC to the $99–$100 range, making it once again the primary engine for the company to raise capital and purchase Bitcoin.
Zuckerberg: Superintelligence Should Empower Everyone, Not Be Concentrated in a Few Institutions
Meta CEO Mark Zuckerberg published a public article titled "The AI Future Is for Everyone" in The Wall Street Journal, outlining his philosophy on the development of superintelligence and advocating that future AI should broadly empower individuals rather than be centrally controlled by a few institutions.
Jensen Huang: AI Learning from Other AI Is the Foundation of Intelligence, Future Internet Content Could Be 99% Generated by AI
NVIDIA CEO Jensen Huang stated in an Axios interview that distillation (AI learning from other AI) is the foundation of intelligence, that it is good that AI can learn, and that smarter AI is also safer. He predicts that in the coming years, 99% of internet content may be generated by AI, and AI systems will continuously distill knowledge and intelligence from other AI. Previously, there was controversy in the industry over whether open-source models should be allowed to distill closed-source models; Jensen Huang's statement supports open learning paths.
Cross-chain protocol Allbridge confirms $1.65 million loss from liquidity pool and plans to deprecate old architecture
the cross-chain protocol Allbridge has issued an official statement confirming that an attacker has withdrawn approximately $1.65 million in assets from the Allbridge Core liquidity pool. A detailed analysis of the incident is currently being compiled, and the full investigation results will be published subsequently. The team emphasizes that there is no further risk to current user liquidity and that the Allbridge Next service is operating normally.In response to this incident, Allbridge plans to relaunch the Core version but will remove the liquidity pool design. Future cross-chain transfers will be facilitated via Circle CCTP and the LayerZero router to eliminate the risk of liquidity pool imbalance and the model vulnerabilities exploited in this attack. This incident has accelerated the previously initiated migration plan to fully transition to the more secure new infrastructure, Allbridge Next. According to the plan, Allbridge Core and Allbridge Classic will cease operations in their current form within the next three months, and users are advised to withdraw their relevant liquidity in advance.It is understood that this attack has exposed the risks inherent in the traditional cross-chain liquidity pool model and has further driven the protocol's transition towards a cross-chain architecture based on message passing and native asset transfer.
Vitalik: The Ideal Far Future of AI Results in Deep Integration of Humans and Machines While Preserving Global Pluralism
Vitalik stated on platform X that one direction for future AI development is a deeper integration of humans and machines, including computers working more collaboratively with humans, identifying conscious and subconscious signals emitted by humans, brain-computer interfaces, and computer-assisted telepathy that helps multiple people better understand each other and cooperate. Its ultimate form is to eliminate the binary division between humans and machines and open up various positions on this spectrum.Vitalik hopes that deeply integrated humans and machines can outperform separate humans and machines, and this should continue until the technological ceiling is reached. The far-future AI outcomes he envisions include: global political and economic pluralism is preserved, with no single company or government dominating; humans can choose to accept technological upgrades to explore the universe at a level competitive with pure machines, or maintain the status quo and act in the world through robots that take orders; most of the Earth could become highly regulated nature reserves, where people can continue their current lifestyle, and those who wish to do more radical things would go to space.AI itself may become too powerful compared to other alternatives, a certain country or company may gain a decisive advantage and lock it in permanently, powerful technological means could cause incalculable harm, and the path of human-machine integration itself may not retain enough humanity, ultimately becoming just another way to create powerful robots. Therefore, he hopes to pass through this narrow passage at a slower pace and is supportive of proposals for deceleration or moratorium, including ideas like Mutual Assured Compute Destruction that can provide braking opportunities.Vitalik stated that his ideal world is one where open-weight models prevail, and Dean Ball's judgment that open-weight models have a decelerationist effect by curbing capital expenditure on frontier models is completely correct, even though it will drive more capital expenditure on peripheral devices and applications. This can achieve deceleration without resorting to harsher political means. However, he believes one should not expect the world to naturally provide convenient economic and physical laws. Humanity still has a certain degree of agency over political laws, and there are many ways to change incentives without letting a single authority take control, and these should be utilized.
Goldman Sachs: After Kimi K3 Release, Zhipu and MiniMax Plummet, Era of Compute Monopoly Faces End
According to TechFlow Research, Goldman Sachs' July 18 report pointed out that Moonshot AI released the Kimi K3 model, with 2.8 trillion parameters, surpassing Claude Fable 5 and GPT-5.6 Sol to top the Arena.ai coding leaderboard, with API pricing at $2.3 per million tokens setting a new high for Chinese models. Two days after the release, Zhipu AI fell 28%, MiniMax fell 16%, Nasdaq 100 index futures fell over 1.8%, and the Philadelphia Semiconductor Index cumulatively fell over 18% from highs. Goldman Sachs believes Kimi K3 marks a turning point: a Chinese lab unable to match the largest pre-training compute capacity in the West rapidly narrowed the gap with top US models through architectural innovation and reinforcement learning, proving that "scaling" is no longer the only winning path. Goldman Sachs warns that the "compute expansion era" may be ending, and the AI infrastructure investment logic built around "the more compute, the better" needs to be rewritten. Goldman Sachs maintains a Buy rating on MiniMax and Neutral on Zhipu AI. Future focus should be on the intensive launch of 2-5 trillion parameter models such as Zhipu GLM, Alibaba Qwen, and MiniMax M3 Pro.
Related news
Analysts Support Strategy Increasing Cash Holdings, Saylor Says No Longer "100% Allocating to Bitcoin" in the Future
Odaily News, Strategy Executive Chairman Michael Saylor said at the company's Q2 earnings call that while the company has previously allocated nearly "100% of its funds to Bitcoin," it may adopt a combined strategy of holding both cash and BTC going forward. He stated, "Perhaps the best way to buy the most Bitcoin is not to buy the most Bitcoin immediately."TD Cowen and Benchmark both maintained their Buy ratings on Strategy following the Q2 earnings call. The two firms believe that the core goal of the company's current management has shifted toward bringing its STRC preferred stock price back to near par value, thereby restoring its ability to function as a financing tool.TD Cowen analyst Lance Vitanza said the most important takeaway from the call was management's strong focus on STRC. Company executives repeatedly emphasized that restoring STRC to par value is the core objective, and noted that despite recent price deviations in the security, institutional adoption continues to rise.Benchmark analyst Mark Palmer holds a similar view. He pointed out that Saylor and his team spent most of the 90-minute call focused on the same goal: restoring STRC to the $99–$100 range, making it once again the primary engine for the company to raise capital and purchase Bitcoin.
Raised $17.06 Billion, Strategy's BTC Holdings Increase to 843,800
Bitcoin News posted on X, stating that in 2026, Strategy raised $17.06 billion through its capital plan, with $7.53 billion coming from STRC, increasing its holdings to 843,800 BTC. The company established a $3.75 billion USD Reserve, sufficient to cover over 2.1 years of preferred stock dividend and interest payments. Strategy repurchased $1.5 billion in convertible notes at an 8% discount, bought back STRC below par value, and sold $218 million in bitcoin to help pay preferred stock dividends. Future bitcoin sales may also be used to replenish reserves and fund stock buybacks. The report also introduces two new metrics. The BTC Hurdle ARR is currently 10.8%, representing Strategy's effective cost of credit. CFO Andrew Kang stated that when bitcoin's annual return exceeds this threshold, net bitcoin per share will grow faster than bitcoin itself. The document outlines the financial system Strategy is building around its bitcoin treasury. The USD Reserve, Bitcoin Monetization Program, Digital Credit framework, debt buybacks, and new KPIs are all part of this structure. The company is creating a model to raise capital, manage liabilities, make payments to investors, and measure performance through the lens of bitcoin per share.
FOMC Storm Approaches, Huobi HTX to Livestream and Discuss BTC Future Market Trends
According to official social media news, Huobi HTX will host a themed live stream titled "FOMC Tonight Decides the Outcome — 20% Rate Hike Probability Hard to Distinguish: Can BTC's $70,000 Option Bet Still Pay Off?" at 20:00 today. At that time, crypto KOLs such as Mao Mao Jie, Sincere Little Taoist, 0xJoker, and Mr. Misi will be invited to attend, focusing on core variables of market concern on the eve of the FOMC meeting, analyzing the macro signals behind the 20% rate hike probability, discussing the impact of USD liquidity changes on the crypto market, and combining with BTC key option positions to identify short-term market breakouts and risk turning points.
South Korea's Financial Services Commission plans to further raise the threshold for single-stock leveraged products; retail investors may be prohibited from participating
According to the Seoul Economic Daily, Korea Financial Services Commission (FSC) Chairman Lee Bok-hyun stated that regulatory authorities are studying a proposal to further raise the investment threshold for single-stock leveraged products. Future restrictions on investment qualifications cannot be ruled out; retail investors may be prohibited from participating, with access limited to professional investors only.
Zuckerberg: Superintelligence Should Empower Everyone, Not Be Concentrated in a Few Institutions
Meta CEO Mark Zuckerberg published a public article titled "The AI Future Is for Everyone" in The Wall Street Journal, outlining his philosophy on the development of superintelligence and advocating that future AI should broadly empower individuals rather than be centrally controlled by a few institutions.
Daegu City Launches Future Mobility Demonstration Project for Second Half of Year
据韩联社报道，大邱市将正式推进 2026 年下半年未来移动出行示范项目，以让市民在日常中体验相关服务。项目涵盖物流、客运及 AI 无人机。