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Fidelity Digital Assets recently released a research report that positively addresses concerns about the long-term impact of Bitcoin halving on network security. The report's author, Fidelity research analyst Daniel Gray, pointed out that Bitcoin network security relies not only on block rewards but also on transaction fees, market incentives, and other economic forces that continuously motivate miners to maintain network security, making the cost of sustained attacks prohibitively high.On the data front, Gray noted that despite the ongoing reduction in block subsidies, the rise in Bitcoin prices has significantly offset this impact. The average daily income of miners has increased from about $26,300 during the first halving cycle to over $40,200 today. He wrote, "Despite the decrease in issuance, miner incentives and the resulting network security have historically strengthened alongside the rise in Bitcoin prices."Since the fourth halving in April 2024, the block subsidy for miners has decreased from 6.25 to 3.125 Bitcoins per block. However, the optimistic conclusions of the report starkly contrast with the current realities faced by publicly traded mining companies. Several industry analysts describe the current environment as one of the most challenging for mining on record, due to the simultaneous decline in block rewards, rising operational costs, and increased competition.In response, several mining companies have begun to transition to the AI and high-performance computing sectors, leveraging existing power infrastructure to meet AI computing demands. VanEck estimates that publicly listed mining companies may need to raise up to $50 billion in additional funds to fully transition to AI infrastructure, but the requirements for AI data centers regarding facility standards, cooling, power redundancy, and networking are far higher than those of traditional Bitcoin mining operations, making the transition challenges significant.

According to GMGN market data, the market capitalization of the Solana ecosystem meme coin ANSEM once surpassed 8 million USD, setting a historical high, and then fell back to about 6.6 million USD, with a daily increase of over 1900%.Meme coin prices are highly volatile, mainly driven by market sentiment and conceptual speculation, lacking clear practical application scenarios. Investors should be aware of the associated risks.

According to SoSoValue data, yesterday (Eastern Time June 26), the total net inflow of XRP spot ETFs was $15.632 million.The XRP spot ETF with the highest net inflow yesterday was Bitwise XRP ETF (XRP), with a net inflow of $11.6648 million, bringing its historical total net inflow to $493 million.Following that was Franklin XRP ETF (XRPZ), with a net inflow of $3.9673 million, bringing its historical total net inflow to $410 million.As of the time of publication, the total net asset value of XRP spot ETFs was $934 million, with an XRP net asset ratio of 1.44%, and the historical cumulative net inflow has reached $1.470 billion.

Data shows that the daily trading volume of tokenized stocks issued on the Solana network has risen to $553 million, setting a new historical record.

The AI infrastructure platform B.AI disclosed its latest operational data on June 25. The data shows that the platform's daily token throughput has reached 15.37 billion, maintaining a high-load inference operation status for several consecutive days.In addition, the platform's API call proportion has risen to 99.6%, primarily supporting large-scale AI agents, automated processes, and enterprise-level core system applications. In terms of specific model ecosystem performance, the MiniMax M3 large model continues to rank first in call popularity.

According to SoSoValue data, yesterday (Eastern Time June 23), the HYPE spot ETF had a total net inflow of $1.4583 million. The HYPE spot ETF with the highest net inflow yesterday was Grayscale Hyperliquid Staking ETF (HYPG), with a net inflow of $1.0991 million for the day, bringing its historical total net inflow to $10.2178 million. The second was 21Shares Hyperliquid ETF (THYP), with a net inflow of $359,200 for the day, currently having a historical total net inflow of $6.1825 million. As of the time of writing, the total net asset value of the HYPE spot ETF is $203 million, with a HYPE net asset ratio of 1.47%, and the historical cumulative net inflow has reached $18.4 million.

B.AI ecological insights show that the daily token throughput reached a historical peak of 12.09 billion, with API calls accounting for 99.2%. B.AI has fully integrated into business workflows, becoming a necessary infrastructure.On-chain recharge accounts for 71.8%, with the TRON chain becoming the preferred recharge channel for global developers due to its high settlement efficiency and low cost. The "Agent Finance" AI productivity payment network has been fully operational.MiniMax M3, with its stability in long text, continues to lead in consumption during complex multi-agent collaboration. The hundred billion-level high throughput engineering foundation is a core barrier in the industry, and B.AI will continue to provide solid support for global teams.

According to GMGN data, the market value of the SOL application token FLKR has exceeded 3 million USD, currently reported at 2.85 million USD, with a daily increase of over 480%.Odaily reminds users that the price of this token is highly volatile, and investors should be aware of the risks.

CryptoQuant data shows that Bitcoin network activity has risen to a level approximately 7% away from the historical peak in September 2024, and has broken through the long-term trend line for the first time since mid-2024, primarily driven by a large number of small transactions rather than traditional economic payment activities. The daily number of Bitcoin transactions in 2026 has exceeded 800,000, more than doubling from the low point in 2025, approaching the cycle peak from 2023 to 2025.CryptoQuant believes that this growth has structural characteristics rather than being a short-term fluctuation. Among these, small transactions below 0.01 BTC now account for about 80%, significantly higher than about 44% in 2023. This change is closely related to the usage of OP_RETURN, which is near historical highs. CryptoQuant points out that protocols such as Runes, Ordinals, BRC-20, and data timestamp services generate a large number of low-value transactions by writing data to the blockchain, with some transaction amounts as low as 546 satoshis.As inscription activities increase, the number of transactions in the Bitcoin mempool has risen to about 128,000, the highest level since February 2025. Although still below the extreme congestion levels of September 2023 and November 2024, the report suggests that non-financial use transactions are occupying an increasing amount of Bitcoin network throughput, and if this trend continues, it may drive up transaction fees for time-sensitive economic transactions.Meanwhile, the rise in on-chain activity contrasts with the flow of funds. There has been a net outflow of over $528 million from Bitcoin and Ethereum spot funds; however, institutional investors still view ETF fund flows as the core driving force of this cycle and maintain the benchmark expectation that Bitcoin will reach $150,000 by the end of the year.