News linked to both this project and an event.
According to reports by The Paper, due to security risks involving implanted backdoors exposed in Claude Code, Alibaba has listed it on its high-risk software list following a comprehensive evaluation. Effective July 10, internal employees are completely prohibited from using it in the office environment, and Qoder is recommended as an alternative. It is reported that Anthropic's Claude Code was found to have embedded "invisible code" since version 2.1.91. If users enable network proxies, the tool will secretly transmit user location and other information by modifying invisible system prompts. In response, Anthropic stated that this function was an experimental measure launched in March this year, aimed at preventing unauthorized resellers from abusing accounts and preventing distillation behavior, and indicated it would be fully rolled back in the latest version.
Odaily reports: Blockchain data infrastructure startup Cambrian has secured $6 million in seed funding, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, Paper Ventures, Nomad Capital, and others.As previously reported by Odaily, Cambrian also received a $5.9 million pre-seed investment led by the a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million.Founded in 2024, Cambrian currently offers APIs for institutions and AI agents, providing real-time and historical on-chain data covering yield, risk, lending rates, trading activity, liquidity positions, and market sentiment, helping users allocate capital on-chain. The company plans to expand its existing APIs into a verifiable blockchain data oracle network, serving institutional financial clients, AI agent builders, and protocols that require reliable data to control capital flows. Unlike traditional oracles that primarily provide price data, Cambrian aims to aggregate data from lending protocols, DEX liquidity, social sentiment, developer activity, and historical market data.According to Cambrian, its platform has processed millions of API calls, currently indexes approximately $4.5 billion in TVL across four major lending protocols, tracks 1,789 vaults managed by 895 curators, and monitors over 320,000 DEX liquidity pools on Base and Solana. The company also plans to expand trading data support by integrating Hyperliquid and richer perpetual contract data.
: DeepSeek has officially launched the image recognition mode on its web version, while the app is still in the internal testing phase. Functionally speaking, the newly launched image recognition mode is still in its early stages. The reporter repeatedly tested the model using photos of DeepSeek founder Liang Wenfeng. After several minutes of deliberation, the model gave many incorrect answers and ultimately admitted, "I am really not sure. It is not recommended to guess the name because guessing wrong is worse than saying 'I don’t know.'" In other tests by netizens, when presented with a photo of founder Liang Wenfeng, DeepSeek even misidentified him as Yang Zhilin, founder of Moonshot AI, or a "younger version" of Ma Huateng.It is worth noting that just before the launch of the image recognition mode, DeepSeek was reported to have secured its first round of financing, exceeding 50 billion yuan. According to reports, the core investment terms for DeepSeek are: whether for major tech companies or VC funds, Liang Wenfeng’s most important requirement is: not to poach DeepSeek’s employees or suggest they leave to start their own ventures. The reporter inquired about the relevant situation with an insider from DeepSeek and learned that this account is largely accurate. (The Paper)
Following the introduction of centralized regulatory measures, different accounts held by the same investor within the Futu Niu Niu App have shown distinctly different trading statuses. The Futu Securities (Hong Kong) accounts of some existing domestic investors can no longer execute buy orders, requiring them to update their overseas identity documents. In contrast, the Moomoo accounts, which are serviced by U.S. licensed institutions, can still place orders normally. Furthermore, against the backdrop of ongoing regulatory rectification, account opening application channels for certain locally licensed Hong Kong brokers remain open. Some intermediaries are also still soliciting clients on social platforms by offering rebates and other incentives. (The Paper)
the UK Financial Conduct Authority (FCA) has proposed allowing authorized investment funds (including UCITS schemes and most non-UCITS retail schemes) to allocate up to 10% of their assets to crypto Exchange Traded Notes (ETNs). This proposal is included in the FCA's Consultation Paper 52, with a five-week public and institutional comment period ending on July 13.The FCA stated that this move aims to bridge the regulatory gap between individual retail investors and authorized funds. Since the FCA lifted its four-year retail ban on crypto ETNs in August 2025, individual investors have been able to invest directly in ETNs, but funds had remained subject to an "effective ban." The FCA emphasized that the 10% limit is intentionally set, and exceeding this threshold could force a fund to be reclassified as a restricted mass-market investment product, impacting its retail fund status.Under the proposal, professional and qualified investor schemes are not subject to the cap; long-term asset funds and non-UCITS retail schemes operating as alternative investment funds are excluded. The FCA noted that cryptocurrencies do not align with the investment objectives of these funds.On the industry side, the Investment Association supports the proposal, believing that gaining exposure to crypto assets through regulated listed products is manageable in terms of risk, and that the 10% cap helps manage fund risk. Fund managers will need to ensure that holdings are consistent with the fund's disclosed investment objectives and risk profile, and disclose significant crypto ETN holdings.The FCA emphasized that it is not currently considering allowing authorized funds to hold crypto assets directly for investment purposes, and will decide after evaluating the impact of the upcoming crypto asset regulatory regime and client asset protection rules. (The Block)
Odaily Odaily News: Curated Exchange was officially launched on May 29, 2026. The project was initiated by open-source developers and research scholars. Its underlying theory is based on the academic paper "Decentralized Market Formation" published on SSRN in May this year. The core proposition is to establish a more effective mechanism for discovering, screening, and selecting long-tail assets through a low-cost multi-exchange parallel structure.Any individual, community, or institution can deploy a dedicated vertical trading portal with zero barriers, screen assets, and earn fees. All Venues share the same underlying liquidity. Different from the centralized coin-listing decisions of CEXs and the non-screening mechanism of AMMs, DMF replaces capital access with cognitive access—Curators act as asset gatekeepers based on professional judgment rather than capital scale, ensuring that high-quality long-tail assets are systematically discovered through Curators with reputational constraints.Curated positions itself as a neutral infrastructure provider, avoiding commercial competition with ecosystem participants, and will fully open-source its code in the future. The testnet will be officially launched in June 2026.
According to The Block, Cluster Protocol—an AI-native infrastructure company building for Web3—has raised $5 million in funding, led by DAO5, with participation from Paper Ventures, JPEG Trading, and Mapleblock Capital. This brings the company’s total funding to $7.75 million. The new capital will accelerate the development of CodeXero, its browser-native IDE built for the EVM ecosystem, expand its product and engineering teams, and enhance its AI systems, developer workflows, deployment infrastructure, and ecosystem growth. Cluster Protocol stated that CodeXero has already connected over 300,000 wallets, processed more than 3 billion AI tokens, and supported the deployment of over 25,000 dApps.
Coinbase’s Quantum Computing and Blockchain Independent Advisory Committee released its first position paper, stating that sufficiently powerful quantum computers could one day break the cryptographic mechanisms used by mainstream blockchains to protect digital assets—but such devices do not yet exist, and crypto assets remain secure for now. The industry should begin preparing for quantum-resistant upgrades immediately. The paper notes that Bitcoin mining, hash functions, and on-chain historical records currently face no material risk; the primary vulnerability lies at the wallet layer—in digital signatures. Ethereum has already proposed a relatively clear migration roadmap, while Solana, Algorand, and Aptos have either begun offering or are planning quantum-resistant solutions.