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Bitcoin News posted on the X platform that the Bitcoin Policy Institute, along with a coalition of over 40 organizations, is calling on leading AI labs to provide trusted access to their state-of-the-art AI models for qualified open-source defenders.The open letter states that Bitcoin and digital asset developers are facing increasingly complex AI-driven cyber threats, while legitimate security research is often hampered by cutting-edge model security mechanisms. Signatories including Block, Coinbase, Strategy, MARA, Galaxy, BitGo, Brink, OpenSats, Chaincode Labs, Spiral, Trezor, and Unchained are requesting early access to cutting-edge cybersecurity models, sufficient computing power, secure research environments, and the establishment of direct communication channels with AI lab security teams. The open letter states: "Defenders need cutting-edge technology; please give them a fair head start."

The research organization SemiAnalysis released an analysis indicating that Google DeepMind is no longer among the leading AI laboratories. A week prior, DeepMind co-founder Demis Hassabis stepped back from daily operations, and key members such as Google Chief Scientist Jeff Dean and Gemini co-lead Oriol Vinyals left to establish a new lab called Discovery Loop. The analysis suggests that the long-term struggle within Google over computing power allocation between Gemini and GCP has concluded with GCP emerging victorious.SemiAnalysis stated that Gemini 3.5 Pro has been canceled, and Gemini 3.6 Flash's performance is inferior to that of leading Chinese open-source models and Grok 4.5. Currently, Gemini has fallen to the 8th or 9th position in the large model rankings. Meanwhile, GCP is selling a large number of TPUs to competitors like Anthropic, having secured long-term leasing and sales contracts for hundreds of thousands of TPUs over the past nine months. The Tokenomics model estimates that Gemini's own ARR is about $12 billion, while GCP's third-party AI cloud service revenue is expected to exceed $73 billion by the end of 2027, with TPU system sales contributing an additional over $120 billion. GCP's latest quarterly growth rate is 82%, and it is expected to accelerate to over 100% by 2027 due to TPU system sales, contributing approximately $3 to Google's earnings per share.

According to official news, the Ethereum Foundation's "Trillion Dollar Security" (1TS) has announced a special grant to the Freedom of the Press Foundation (FPF) to support the ongoing development of the open-source tool WEBCAT, aimed at addressing the long-standing front-end code verification security gap in Ethereum wallets and decentralized applications (DApps).WEBCAT (Web-based Code Assurance and Transparency) is an open-source tool designed to help browsers verify whether the code loaded by a website matches the version publicly released by the developer.This funding will promote the expansion of WEBCAT to Ethereum wallets and application scenarios, enabling users to verify whether the front-end pages they access have been tampered with.The Ethereum Foundation stated that while HTTPS can verify the website a user is connected to and encrypt communication, it cannot prove that the front-end code actually running on the website is the same version released by the developer. If an attacker controls the website's front-end code, they may modify the transaction receiving address without the user's knowledge or induce the user to sign transactions that do not match the content displayed on the page.The Ethereum Foundation noted that front-end attacks have become a significant security risk for blockchain infrastructure, with malicious modifications to web interfaces potentially leading to supply chain attacks, DNS hijacking subsequent attacks, and user interface deception.WEBCAT was initially developed by the Freedom of the Press Foundation to enhance the code credibility of secure communication systems like SecureDrop.With this expansion into the Ethereum ecosystem, it will complement security measures such as "Clear Signing" in the 1TS program: the former helps wallets confirm that the application front-end has not been tampered with, while the latter helps users understand the transaction content they are approving.

Fortune magazine recently published a commentary article pointing out that with the rapid rise of China's open-source AI models, the competitive landscape of the global AI field is changing. The real contest has shifted from U.S.-China rivalry to the battle between open-source and closed-source models. The article cites data from the independent evaluation platform Artificial Analysis, stating that the intelligence index of DeepSeek V4 Flash is only 1 point lower than that of GPT-5.6 Luna. Even though OpenAI has reduced prices by 80%, the former's single-task cost is still 60% lower.The author notes that while U.S. export control policies aim to limit China's AI development, they have objectively stimulated innovation at the architectural level among Chinese companies, forcing them to shift towards open-source and low-cost routes. Chinese models attract global developers to participate in improvements by opening weights, while transferring inference costs to overseas cloud service providers, achieving a low-cost global layout. Regarding the viewpoint that open-source models "cannot be profitable," the article argues that their profit model is similar to that of open-source software: users pay for hosting services, and most companies are not inclined to self-deploy.The article also points out that recently, several figures in the U.S. tech community, including former White House AI official David Sacks, have begun to support open-source, and NVIDIA CEO Jensen Huang has also called for the industry to embrace open-source. The author urges both China and the U.S. to cooperate in the field of AI security, viewing open-source AI as a "global public good," rather than falling into a zero-sum competition that costs trillions of dollars.

According to ChianCatcher news, the stablecoin credit protocol Ebisu Finance announced today that it has decided to gradually shut down the project. Users need to quickly close remaining Troves, withdraw Stability Pool deposits, and ebUSD DEX liquidity. The minting of ebUSD has been suspended, and the front end will be deprecated in 3 months on October 30.This protocol is a fork of Liquity V2, supporting new collateral types and adjustable risk parameters. It has been running for over a year and has passed two audits. Ebisu aims to provide fixed-rate, open-term credit through ebUSD, with collateral including blue-chip yield-bearing assets such as LRTs, but the team has failed to expand ebUSD liquidity to support meaningful lending volumes.The project explored multiple solutions, including liquidity optimization, multi-chain expansion, structured products, and acquisition opportunities, but none addressed the core bottleneck of the CDP protocol: stablecoin liquidity and sustainable demand. The team stated that there are no plans for the launch or airdrop of EBISU tokens and thanked supporters, inviting other teams to contact them for permission to use their tech stack.

Robinhood Chain's Pons launchpad officially responded to previous reports regarding a token authorization vulnerability in its frontend, stating that the Pons launchpad trading page does not have any Multicall3 functionality. The Multicall3 functionality mentioned in the tweet comes from the previous version of the Debank Chain cross-chain bridge, which was launched before the Pons launchpad and does not affect launchpad users.Currently, the only confirmed affected asset is 0.6 NOXA tokens, valued at approximately $0.66. As a security precaution, Pons recommends that users who have used the old cross-chain bridge revoke token authorization through revoke.cash. The team is currently working with auditing firms to investigate potential risks and stated that they will restore Pons frontend services once it is confirmed that there are no actual vulnerabilities.

According to Caixin, the case involving 60,000 bitcoins belonging to Qian Zhimin held a three-day hearing from July 7 to 9, 2026. Blue Sky Ge Rui Company officially joined the battle for bitcoin rights through the litigation administrator. The bitcoin dispute has transformed from a "two-party confrontation" into a "three-party competition": 1. The UK prosecution (DPP) claims that the assets should be recovered by the state; 2. The Chinese victims assert that they have property rights to the bitcoins that can be traced and have significantly appreciated in value; 3. The litigation administrator representing Blue Sky Ge Rui Company argues that the bitcoins are substitute assets formed after Qian Zhimin misappropriated company funds.It is reported that the estimated value of the bitcoins involved in the case is about 427,000 yuan each as of July this year, a 152-fold increase from the purchase price when Qian Zhimin acquired them in 2014 (2,815 yuan each). If the applicant can successfully assert their property rights to the relevant bitcoin assets, the amount they can recover will not be limited to the original investment loss but can also extend to the appreciation gains of the bitcoins. The litigation administrator representing Blue Sky Ge Rui Company believes that the bitcoins in question are essentially transformed from misappropriated company property, and the company has the right to trace them and assert property rights.Meanwhile, the Director of the UK Crown Prosecution Service (DPP) continues to insist that Chinese law should apply, while the leading law firm representing individual victims has proposed four complementary legal arguments to avoid the victims' claims being entirely dismissed due to any single legal pathway: 1. Bitcoin in the UK should be governed by UK law; 2. The investment contract is a scam, and upon cancellation, the rights revert to the victims; 3. The tracing mechanisms under POCA Sections 305 and 306 should also apply to the victims; 4. A "mixed structure" should break the binary choice between Chinese and UK law.

Gate, as the exclusive platform supporting Korean stock trading services, continues to enrich the global stock asset layout. Recently, the volatility in the Korean semiconductor sector has intensified, and the market trading heat remains high. According to the latest data from the Gate platform, the semiconductor leader SK Hynix reached a high of $1654.1 and a low of $1509.9 during the day, currently reported at $1543.1, with a daily decline of 5.03%. According to CoinGlass data, the contract position for Gate SK Hynix (SKHYNIX) exceeds $24.5448 million, ranking among the industry leaders.

HP Inc. announced a strategic partnership with OpenAI to scale the deployment of the OpenAI Frontier platform across its global operations, aiming to accelerate the transformation of internal operations and enhance customer experience.According to the cooperation plan, HP will widely apply AI agents in several core business flows, including: self-service experiences for customers and partners, device health diagnostics and telemetry based on the Workforce Experience Platform (WXP), cybersecurity vulnerability analysis, and daily software development and code review.It is reported that HP began related testing in February 2026 and successfully utilized AI to significantly reduce the time costs of code testing and security vulnerability remediation. As a unified enterprise-level AI foundation, OpenAI Frontier will provide HP with capabilities such as shared context, permission governance, seamless integration across applications, and effectiveness evaluation, helping its AI strategy transition from initial technology pilots to full enterprise-level implementation.

Blockchain intelligence company AMLBot's monitoring data shows that recently Polymarket users on the Polygon network had approximately $3.1 million PUSD stolen due to a front-end malicious script intrusion.The attackers implanted a malicious script that induced users to sign authorization transactions (involving EIP-7702 delegated execution), resulting in the users' wallets being emptied. The stolen funds were then converted to USDC.e through Relay, bridged to Ethereum, and ultimately exchanged for ETH, which was concentrated in a designated address. Currently, about 1891.9 ETH is distributed across three new wallets.AMLBot pointed out that this attack is similar to the incident involving the 2024 1inch web application, where a wallet theft script was implanted in the Lottie Player library, both cases involved third-party scripts being compromised, leading to front-end contamination.

The security alert released by Blockaid on platform X indicates that its system has detected an attack targeting the front end of the Yield Yak website. The project's subdomain vote.yieldyak.com has been implanted with eleven drainer malicious code. Blockaid pointed out that the method of this attack is similar to the security incident that Gitcoin.co encountered yesterday.

According to CoinDesk, major lobbying organizations in the U.S. cryptocurrency industry jointly sent a letter to the House Ways and Means Committee, urging the advancement of the "Tax Clarity for Mining and Staking Act," advocating for tax treatment options for cryptocurrency miners and staking income recipients. The bill was introduced by Republican Congressman Mike Carey, and its core content allows taxpayers to choose the timing of taxation when they receive new mining or staking assets—either paying taxes at the time the assets are generated or deferring taxes until the final sale.Industry associations, including the Blockchain Association, Digital Chamber, and Crypto Council for Innovation, have expressed support, arguing that the current tax system may force users participating in network security maintenance to bear tax burdens before they have realized the assets. Supporters claim that the proposal does not provide "indefinite deferral," but rather avoids immediate taxation on income that has not yet realized liquidity, thereby alleviating cash flow pressure on miners and validators.However, Democratic lawmakers and some external critics are concerned that this mechanism could be exploited by large mining companies for long-term tax deferral, especially in the context of some publicly listed or politically connected companies participating in mining operations, raising potential policy arbitrage disputes. Meanwhile, the industry's focus remains on the broader "Digital Asset Market Structure Act" (Clarity Act), but tax issues have become the second key battleground, expected to continue advancing in tandem with regulatory framework legislation in the coming weeks.

Blockchain security company Blockaid stated that its detection system found signs of a front-end attack on the Gitcoin subdomain files[.]gitcoin[.]co, with suspected malicious code named "Eleven drainer" included in the website, used for wallet asset theft. Blockaid warns users not to interact with the website at this time, and the related issues are under investigation and repair.

According to Jinshi reports, the United States and Iran announced an immediate and permanent end to military operations on all fronts, including Lebanon. The United States will fully end its maritime blockade against Iran within 30 days.

The Web3 industry summit Money Frontier 2026 has officially launched the "Path to a Million" themed essay competition. The event is open to all Crypto Natives and creators, with topics covering "the leap from 0 to the first 1 million" and "the wealth defense battle in the next five years," aiming to gather real trading insights, wealth thinking, and risk control strategies from industry practitioners. It is worth mentioning that this essay competition has specially invited the previous "My DeFi Journey" essay champion "Little Penguin" to serve as a core judge.Participants can publish articles on X (Twitter) and submit their registration to have a chance to win cash prizes of a thousand dollars, co-branded hardware wallets, and standard tickets to the MF Hong Kong summit worth 128U. For more details, see the official tweet link.It is reported that Money Frontier 2026 will be held in Hong Kong on July 27-28, where industry leaders such as $Ethena founder Guy Young, ZK-STARK inventor Eli Ben-Sasson, Dr. Yang from Shena Mining, and Yu Xian from Slow Mist will gather on-site. Currently, the official ticket purchase and limited-time verification-free ticket channels for the summit's standard tickets have been opened.

The liquid staking protocol Stader Labs announced that it will gradually shut down its Polygon liquid staking token MaticX. As of today, MaticX has stopped accepting new deposits and has fully transitioned to a "claims-only" status.At the same time, the official application front end for MaticX will be officially taken offline on August 3, 2026. Before this date, users can still redeem instantly at a fixed exchange rate through the dApp; after the front end closes on August 3, users can continue to claim their MATIC assets directly through the Etherscan contract page for three years until August 3, 2029.