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Hyperliquid and Phantom Jointly Urge CFTC to Update DeFi Regulatory Rules

Hyperliquid and non-custodial wallet Phantom have jointly submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), calling for updates to regulatory rules for on-chain trading infrastructure. The two parties argue that current CFTC rules were designed for the traditional financial system, which relies on centralized intermediaries, and are not applicable to DeFi. They suggest clarifying that developing software for on-chain trading protocols does not require registration as an exchange or clearing agency, and that non-custodial wallet front-ends should not need to register as introducing brokers. They also propose allowing regulated institutions to use blockchain for trading and clearing operations. Previously, the CFTC and the U.S. SEC jointly released a request for comment in June, seeking industry input on regulatory rules affecting financial innovation. (The Block)

Polymarket: Probability of Anthropic's Year-End Valuation Reaching $1.5 Trillion Rises to 78%, Up 47% in 24 Hours

PPP Prediction Market Tool monitoring shows that on Polymarket, for the prediction event "Anthropic's highest valuation this year," the probability of Anthropic reaching a $1.5 trillion valuation by the end of 2026 has risen to 78%, up 47% in 24 hours; the probability of reaching $2 trillion has risen to 37%, up 19% in 24 hours.On June 1, Anthropic confidentially filed a draft S-1 registration statement with the U.S. SEC, officially initiating its IPO process in the United States. Recently, research firm SemiAnalysis released a report stating that Anthropic is expected to achieve $1 billion in GAAP operating profit in the third quarter of 2026, with an operating profit margin of 6%.Join the PPP Signal Push Community, stay one step ahead, and seize the opportunity.https://polymarket.com/zh/event/will-anthropics-valuation-hit-by-december-31

Early purchase of Binance Life yields over 5000x profit, a whale turns $2,480 into over $13 million

according to on-chain analyst EmberCN's monitoring, a certain whale continued to take profits today, selling 7 million Binance Life tokens worth $4.95 million. Of these, 6.9 million tokens were transferred to Binance, worth $4.88 million, and 100,000 were sold on-chain for BNB, worth $70,000. The whale spent 2.14 BNB (worth $2,480) within half an hour of Binance Life's deployment last October to purchase 18.5 million tokens and held them until recently. Since June, the whale began taking profits, having already sold 10.5 million Binance Life tokens worth $7.33 million. The whale still holds 8 million Binance Life tokens on-chain, worth $5.71 million. The initial investment of $2,480 has now turned into over $13 million.

SpaceX IPO Quiet Period Ends, Wall Street Firms Upgrades Ratings in Rapid Succession

as the 25-day quiet period following SpaceX's (SPCX) June IPO comes to an end, Wall Street analysts have begun releasing formal research reports. Multiple major brokerages have issued favorable ratings, indicating institutional investors remain optimistic about the company's long-term growth potential.As IPO underwriters, both Goldman Sachs and Morgan Stanley have assigned buy-equivalent ratings to SpaceX. Goldman Sachs analyst Eric Sheridan set a price target of $205, while Morgan Stanley analyst Adam Jonas gave a target of $300. Additionally, institutions such as Bank of America, Citigroup, Deutsche Bank, JPMorgan, and UBS have also initiated coverage with buy or equivalent ratings. Among them, Raymond James Financial provided the most optimistic forecast; analyst Brian Gesuale initiated coverage of SpaceX with a "Strong Buy" rating and a price target as high as $800, believing SpaceX will become "one of the most representative industrial infrastructure companies of the 21st century."Analysis suggests that market optimism towards SpaceX is primarily based on its布局 (layout/foundation) in areas such as rocket launches, Starlink satellite internet, and government contracts. At the same time, the company's communications business can provide a sustainable source of revenue and support future expansion of launch scale.As of March 31, 2026, SpaceX holds 18,712 Bitcoins. Wall Street believes that the concentrated coverage following the end of the IPO quiet period provides a window for institutional investors to conduct their first systematic assessment of SpaceX's valuation. The fact that nearly all major institutions simultaneously issued positive ratings is relatively rare for large-scale IPOs. (CoinDesk)

Specter Reveals Clues to BONK DAO Governance Attack: Realms Founder's Fund Flow Suspectedly Linked to Attacker

Odaily, on-chain security firm Specter has released preliminary findings on the BONK DAO governance attack. After tracing on-chain fund flows, significant suspicions have emerged: the Realms founder, an address associated with Crypto Notte, shows signs of capital flow interaction with the suspected attacker's wallet.According to the review, the attacker published a malicious governance proposal on June 30. The proposal required 1% of the total BONK circulating supply in voting power to pass. Between July 4 and 5, the attacker acquired sufficient voting weight by purchasing tokens through exchanges and borrowing from Marginfi, totaling approximately $4 million, thereby pushing forward and executing the governance attack.

Mantle's third tokenized stock Bending Spoons (BSPx) has officially launched.

According to official announcements, following the launch of SPCXx and USPXx within weeks of their public listings, BSPx has officially launched on Mantle. BSPx is the tokenized stock representation of Bending Spoons, which owns brands such as WeTransfer, Vimeo, Evernote, and AOL. BSPx is issued by xStocks and is now open for trading on Fluxion. BSPx is traded via Fluxion's hybrid infrastructure, where its Atomic RFQ mechanism anchors real-time market quotes during market trading hours to support pricing; meanwhile, the AMM execution mechanism ensures trading can continue uninterrupted after market close. Reportedly, BSPx is the third tokenized stock launched on Mantle in less than a month, as Mantle's tokenized stock market expands rapidly at the pace of the traditional IPO listing calendar. Previously, SPCXx launched on June 19, and USPXx launched on June 23. This makes Mantle one of the first L2 networks capable of tokenizing newly listed stocks and bringing them on-chain at the pace of traditional market listings. In previous news, xStocks' xPoints are now live on Mantle, meanwhile DEX F on Mantle

USDD Releases June Transparency Report: Smart Allocator Cumulative Earnings Exceed $20 Million, Yield Strategy Continues to Diversify

Decentralized stablecoin USDD officially released its June transparency report. Data shows that as of the end of June, USDD's total collateralized assets reached $2.03 billion, the peak circulation volume for the month reached $1.42 billion, and the over-collateralization ratio at the end of the month was 149.35%, fully demonstrating strong stability and risk buffer capabilities. Additionally, Smart Allocator generated $2.16 million in new revenue this month, with cumulative revenue reaching $21.29 million. In terms of ecosystem progress, Morpho successfully launched the PT-sUSDD market and has integrated with Singularry AI; sUSDD TVL on the Pendle market exceeded $30 million.

Nearly 990,000 TRUMP buyers suffer $3.81 billion in losses

As of the end of June, 988,905 buyers of the Donald Trump-branded TRUMP Meme coin had collectively incurred losses of $3.81 billion, accounting for about two-thirds of all buyers. Nansen data shows that Donald Trump earned $636 million from the Meme coin; advanced crypto traders using automated tools profited $4 billion before TRUMP dropped 97%.On July 3, TRUMP was priced at $1.76, down 97% from its peak of $75.35. Donald Trump's annual financial disclosure indicates that he earned $2.2 billion from various business ventures in 2025, including proceeds from the token; he also received $799 million from World Liberty Financial. White House spokesperson Anna Kelly denied claims that Donald Trump profited at the expense of his supporters. (Bitcoin.com News).

South Korean Virtual Asset Exchanges See Sharp Decline in New Listings, Trading Volume Halved

According to EToday, South Korea's top five virtual asset exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) added only 117 new trading listings in the first half of the year, a 44% decrease from 210 in the same period last year; the net increase plummeted from 191 to 49, a year-on-year decline of 74%. Meanwhile, the number of delistings surged from 19 to 68, an increase of 258%. Global virtual asset trading volume recorded $46.07 billion in June, down 34% from $70 billion in the same period last year. The shrinkage in trading volume directly compressed fee income; Dunamu (Upbit's parent company) and Bithumb's first-quarter fee income accounted for 97.49% and 99.99% of operating revenue respectively, highlighting the issue of high dependency on retail spot trading.

A cluster of addresses sold ANSEM too early, missing out on $4.7 million in potential profits.

according to Bubblemaps monitoring, a cluster of addresses purchased 2.7% of the ANSEM supply shortly after its launch through 4 associated wallets. They subsequently sold all holdings on June 19, making a profit of approximately $2,000. At current prices, this position would be worth around $4.7 million.

Brazil Central Bank Places Crypto VASPs Under Same Regulatory Requirements as Securities Brokerages

the Central Bank of Brazil has issued Resolution No. 580/2026, classifying companies providing virtual asset services and their controlling groups as Type 3 institutions, subjecting them to the same requirements as securities brokers, securities distributors, and foreign exchange brokers. Starting January 1, 2027, relevant institutions must comply with prudential requirements such as risk management rules, capital requirements, and information disclosure policies. By June 30, 2028, VASPs will be placed under Segment 4 regardless of their size and will not be eligible for the simplified compliance regime of Segment 5 for low-risk institutions. (Bitcoin.com News).

Meteora: LP Stimulus Plan Season 2 Officially Concludes, Entering Reward Settlement Phase

the liquidity protocol Meteora has announced the official conclusion of Season 2 of its "LP Stimulus Plan" on June 30, 2026, marking the transition into the reward settlement phase. The team is currently organizing and compiling data for DLMM and DAMM v2 from this incentive cycle. Specific reward distribution arrangements and related updates will be announced in the near future.

Polymarket's probability of "GPT-5.6 to be released to the public on July 7" rises to 64%, up 26% in 24 hours

PPP Prediction Market Tool monitoring shows that Polymarket's probability of "GPT-5.6 to be released to the public on July 7" has risen to 64%, up 26% in 24 hours.The rules state that a model explicitly named "GPT-5.6," or a model officially recognized as the direct successor to GPT-5.5 (such as GPT-5.7, GPT-5.8, etc.), will meet the settlement conditions. Task-specific models like GPT-Codex and Transcribe, cost-optimized versions such as Nano and Mini, and the o-series reasoning models are all included in this market. However, GPT-6 or other next-generation flagship models are not counted.Additionally, qualified models must be open to the public, including public beta or open waitlists; closed testing or private access only will not meet the requirements. The final settlement will primarily be based on OpenAI's official announcements and public information on its official website, and will be verified with mainstream media reports.On June 27, OpenAI launched the next-generation GPT-5.6 series of models, currently offering a limited preview to a select group of partners.Odaily Seer Channel continues to follow the prediction market, seeing changes before pricing.

ENS DAO Governance Crisis: Founder Unilaterally Blocks Security Council Renewal, Community Calls for Dissolving DAO

According to The Defiant, ENS DAO is facing a serious governance crisis. ENS co-founder Nick Johnson holds approximately 3.26 million ENS tokens, accounting for nearly 50% of all currently delegated voting power. On June 30, he voted against the on-chain binding vote for the Security Council renewal, causing the proposal to fail with 82% opposing votes; the Security Council authorization will expire on July 24. Previously, Johnson also self-delegated a significant amount of voting power to support a proposal to transfer the DAO operating wallet, ENS token holdings, and the endowment managed by Karpatkey to the ENS Foundation's five-member board, triggering strong community skepticism regarding "governance capture." Rotki founder Lefteris Karapetsas stated plainly "DAO is dead," while Security Council member Brantly Millegan characterized the proposal as "fiscal capture by ENS Labs." In response, "The DAO" original code author Christoph Jentzsch publicly proposed directly dissolving ENS DAO, suggesting destroying the ENSv2 universal router key and distributing remaining funds to formally transform the protocol into public infrastructure. Currently, Security Council on-chain voting will close on July 5, ENS Labs COO Katherine

Cantor Fitzgerald: Bitcoin Bear Market May Be Nearing the End, Expected to Bottom Out Around October

According to CoinDesk, Wall Street bank Cantor Fitzgerald issued a research report indicating that the crypto market is entering the final phase of the current bear cycle. As of June 10, Bitcoin has declined approximately 51% from its 2025 peak, with 252 days having passed since the peak. Synthesizing the past three market cycles, BTC bottoms on average 384 days after the peak; based on this, the low point of this cycle is projected to appear around the end of October. Analysts also noted that the model is not a precise timing tool, and macro, regulatory, and geopolitical risks remain. Regarding network value assessment, Cantor believes Hyperliquid is the prime example of fee-driven token economics, Bitcoin remains the benchmark monetary asset, and Ethereum serves as the primary collateral layer for on-chain finance; Solana, Sui, XRP, and Zcash each possess differentiated advantages, but still need to prove that their ecosystem growth can translate into sustained token demand.

Ripple reveals eight RLUSD developments involving payments, exchanges, and cross-chain infrastructure

Jack McDonald, Senior Vice President of Ripple's stablecoin business, disclosed eight recent developments regarding RLUSD in a post on X on June 29, covering settlement, regional access, on-chain liquidity, cross-border payments, multi-chain support, exchange listings, charity, and the Japanese market. Mastercard has expanded its settlement capabilities to support RLUSD across eight blockchain networks, including the XRP Ledger. Ripple has also expanded RLUSD's availability in Turkey through partnerships with BiLira, Bitexen, and Bitlo, and collaborated with Bitso to enable RLUSD and MXNB to support liquidity and cross-border transactions via the XRP Ledger's Permissioned DEX. RLUSD has also achieved multi-chain support through Wormhole Native Token Transfers and entered the Japanese market via SBI VC Trade after receiving approval from the Japan Financial Services Agency. Additionally, RLUSD has been listed on exchanges such as Gate and Floq, integrated with the cross-chain infrastructure provider Squid Router, and Ripple has joined Water's GetBlue campaign as its exclusive digital asset and payment partner.

American Bitcoin, backed by the Trump family, to undergo a 1:15 reverse stock split to maintain Nasdaq listing eligibility

American Bitcoin, a Bitcoin mining company and treasury firm founded by Eric Trump and Donald Trump Jr., announced it will implement a 1:15 reverse stock split next week to meet Nasdaq's minimum $1 bid price requirement.The reverse stock split will take effect after the close of trading on Thursday, and will continue trading under the ticker ABTC at the adjusted price starting Monday. Under the arrangement, every 15 shares of Class A and Class B common stock will be automatically combined into 1 share, reducing the company's total outstanding shares from approximately 1.09 billion to about 73 million. The split plan was approved at the annual shareholders meeting in June.American Bitcoin's stock price fell to an all-time low of approximately $0.64 on Wednesday, with a year-to-date decline of over 64%. The company currently holds 7,500 BTC, making it the 16th largest publicly traded Bitcoin holder globally.

Ethlabs Researcher Says ETH Lacks a Clear Value Narrative

Odaily News: Former Ethereum Foundation researcher and Ethlabs member Ansgar Dietrichs stated on Laura Shin’s Unchained podcast that ETH, after failing to break through the $5,000 mark in five years, still lacks a clear value narrative. Ethlabs was established on June 22 by five former Ethereum Foundation researchers and is supported by Bitmine, Sharplink, and Consensys founder Joe Lubin. On-chain analytics firm Cryptoquant reports that over 32% of the total ETH supply, approximately 39.5 million ETH, is currently staked, while exchange balances continue to decline. The firm also noted that Ethereum’s daily active addresses and smart contract activity have reached record highs, yet the price of ETH has fallen more than 50% from its cycle high.

Bitget GetAgent Playbook Expands to US Stocks, Launches AI Stock Selection and Automated Trading Strategies

Bitget announced the expansion of GetAgent Playbook to include US stocks into its AI strategy system, providing users with AI stock selection and automated order placement functions. GetAgent Playbook was launched in June 2026, allowing users to browse, subscribe, and deploy preset strategies with one click. In its first week online, the product attracted over 30,000 unique users and accumulated a total principal investment exceeding $100,000, with more than 600 users creating their own personalized strategies.This expansion into the US stock market introduces several new strategies, covering both stock selection and execution. On the selection side, strategies include AI picks, high-quality business model screening, Beta growth investing, macro event-driven, and analyst rating tracking. For automated trading, the QQQ Smart Dollar-Cost Averaging (DCA) strategy has been introduced, supporting fixed-amount and fixed-interval DCA execution to help users average their entry costs.

GasFree June Monthly Report: Transaction Volume Surpasses $11.4 Billion, Over 359,000 Users Enjoy TRX-Free Transfers

JUST Official releases the GasFree monthly data report for June. The data shows that the GasFree feature launched by TRON is becoming the preferred solution for convenient on-chain transfers. This feature significantly simplifies the transfer process, allowing users to directly use USDT in their wallets to pay transaction fees, breaking the traditional restriction of "must hold TRX in advance" and significantly lowering the threshold for on-chain interactions. In June, GasFree delivered outstanding performance, processing a total of 719,270 transactions, with a total transfer volume reaching $11.45 billion, and cumulatively serving over 359,000 users. Driven by continuous real-world application scenarios, GasFree is driving ecosystem growth with solid data.