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The recent voting results of the ENS DAO, which governs the Ethereum Name Service, have sparked controversy within the community, as some members pointed out.In the latest on-chain vote, ENS founder Nick Johnson cast approximately 3.26 million votes against the proposal to extend the security committee's term for two years. This proposal had previously passed a Snapshot community vote, but the on-chain execution proposal did not receive support.As the controversy escalated, some community members expressed concerns about the degree of decentralization in the ENS DAO governance mechanism. However, there are also viewpoints suggesting that this incident reflects more on the distribution structure of governance tokens rather than a failure of the protocol itself.

Bernstein analyst Mark Newman significantly raised the target price for SanDisk (SNDK.O) from $1700 to $3000, maintaining an "Outperform" rating.The firm pointed out in its research report that the new Long-Term Agreement (LTA) for storage has undergone a structural change, shifting from being customer-favorable to more advantageous for suppliers. The new agreements typically include fixed or range-constrained pricing, commitments of prepaid funds that lock in customers and provide downside protection, and longer contract durations. Based on data provided by the company, Bernstein estimates that the floor price for SanDisk in the recently signed LTAs is approximately $0.29 per GB.

According to CoinDesk, Silicon Valley Bank has released a report stating that Bitcoin lending has entered a new institutional era after experiencing the 2022 crypto credit crisis, with stronger risk control, increased institutional participation, and declining borrowing costs. Bitcoin is being viewed as a collateral asset with immediate global liquidity, fast settlement, and interchangeability. Currently, several major banks in the United States have offered Bitcoin-backed credit services, with the total amount of crypto mortgages increasing by 49% year-on-year to $67 billion. Bitcoin lending platform Ledn estimates that the current consumer BTC mortgage market is about $3 billion, which could expand to $1 trillion over the next decade.The report points out that the collapses of Celsius, BlockFi, and Genesis from 2022 to 2023 exposed issues such as maturity mismatches and excessive leverage, making conservative underwriting and transparent risk management the foundation of the industry. Currently, Bitcoin mortgage interest rates range from 7.5% to 16%, and Silicon Valley Bank expects that participation from banks and private credit funds will gradually narrow the spread.

XRPLRipple is actively promoting the addition of a layer of lending infrastructure on the XRP Ledger (XRPL), enabling institutions to use on-chain tokenized assets as collateral for financing, while the loan terms are automatically executed by the protocol, with credit assessments and lending decisions still made by off-chain institutions.According to reports, the proposal is named the XRPL Lending Protocol (corresponding to the XLS-65 and XLS-66 standards), which is currently still in the technical draft stage and must be approved through validator voting before it can go live on the mainnet, but it is already available for developer testing on the test network.The design of the protocol splits the lending process into two parts: on-chain mechanisms responsible for fund pool management, interest calculation, repayment execution, and default handling; while borrower credit assessments and loan term settings remain with traditional financial institutions to meet compliance requirements in different jurisdictions.Ripple states that this mechanism is primarily aimed at institutional short-term liquidity needs, such as in cross-border payment scenarios, where temporary financing is obtained through stablecoins or collateralized assets before settlement, to enhance capital efficiency.Analysts believe that this solution attempts to introduce a "rule-based lending infrastructure" similar to traditional finance while maintaining the open network attributes of XRPL, but it still faces competition from established on-chain lending protocols like Aave, Compound, and Maple.

According to CoinDesk, Wall Street broker Bernstein pointed out in a recent report that the rapid integration of the market technology stack is increasing the likelihood of a new round of mergers and acquisitions in the field of sports event contracts and financial markets.The report states that in the past eight months, major prediction platforms have been developing towards simultaneously controlling customer distribution and exchange infrastructure. Although Kalshi and Polymarket have core technology stacks, their distribution capabilities are relatively lagging, making them potential acquisition targets.Recent actions include DraftKings acquiring Railbird to launch DKeX, Robinhood collaborating with Susquehanna to create Rothera, and Coinbase acquiring The Clearing Company. Bernstein believes that Robinhood and Coinbase are currently in a relatively advantageous position in the competitive landscape, as both have large consumer user bases and fully owned regulated infrastructures, while Kalshi and Polymarket are viewed as potential acquisition targets due to their lack of large-scale distribution capabilities.

According to official news, the BNB Chain ecological autonomous AI economic infrastructure Astarter announced strategic support from institutions such as Vega Ventures, UZ Capital, Go2Mars, and BitBT Ventures, further strengthening the AI ecological layout. Astarter had previously received investment led by EMURGO, with strategic support from other institutions including MH Ventures, Avstar Capital, 316VC, CRT Labs, and Megala Ventures.It is reported that Astarter aims to build a full-stack infrastructure for AI intelligences on the BNB Chain, providing proprietary computing power, runtime execution, on-chain settlement, and identity capabilities for on-chain AI intelligences. The products include AI computing power nodes ABox, a decentralized exchange (DEX), Launchpad, and CORE intelligence layer, with the native token being AST. The Astarter mainnet and TGE are planned to launch in the third quarter of 2026. This strategic cooperation will further promote Astarter's development in computing power networks, products, and ecological aspects.

According to Cointelegraph, the Dubai Virtual Assets Regulatory Authority (VARA) has granted the 50th Virtual Asset Service Provider (VASP) license to the tokenized asset platform Tribe Tokenisation FZE. VARA stated that licensed enterprises must undergo a controlled operation phase before officially providing services. By the end of 2025, 39 licensed VASPs will be fully operational, and the latest data for 2026 is still being verified. In comparison, Singapore currently has 37 licensed digital payment token service providers, while Hong Kong has only 13 licensed virtual asset trading platforms.

According to Coinglass data, if ETH breaks through $1,647, the cumulative short liquidation intensity on mainstream CEX will reach $572 million. Conversely, if ETH falls below $1,499, the cumulative long liquidation intensity on mainstream CEX will reach $515 million.

According to Coinglass data, if BTC breaks through $62,519, the cumulative short liquidation intensity on mainstream CEX will reach $897 million. Conversely, if BTC falls below $56,975, the cumulative long liquidation intensity on mainstream CEX will reach $684 million.

CITIC Construction Investment Research Report points out that the following factors will determine the trend of the third quarter market: In terms of fundamentals, AI computing power remains at a high level of prosperity, with mid-year performance and overseas financial reports worth paying attention to. At the same time, since April, under pressure from the macro economy, the economic measures from the Politburo meeting in July are quite important; In terms of liquidity, external disturbances have increased, while internal conditions remain neutral; In terms of risk appetite, geopolitical events and the listing of industry giants will cause short-term fluctuations in the market. Considering the global tech stock correlation effect, major overseas computing powers such as Japan, South Korea, and the United States also need to be continuously monitored.In terms of industry allocation, although the logic of AI computing power remains unchanged, volatility has intensified. It is recommended to be cautious about chasing highs and to position during pullbacks; lithium batteries are expected to welcome a peak season, and energy storage demand continues to warm up, while new energy presents opportunities for phased valuation recovery; dividends are expected to rebound from oversold conditions, with relatively high cost-performance ratios. Key areas to focus on: banks, coal, public utilities, AI, optical modules, storage, chips, industrial metals, lithium battery materials (VC), etc.

According to Coinglass data, if ETH breaks through $1,652, the cumulative short liquidation intensity on major CEXs will reach $503 million. Conversely, if ETH falls below $1,500, the cumulative long liquidation intensity on major CEXs will reach $370 million.

According to Jinshi reports, the United States has carried out military strikes against Iran on June 27 local time.

According to Coinglass data, if ETH falls below $1,511, the cumulative long liquidation intensity on mainstream CEX will reach $643 million. Conversely, if ETH breaks above $1,656, the cumulative short liquidation intensity on mainstream CEX will reach $562 million.

According to Coinglass data, if Bitcoin breaks through $62,000, the cumulative short liquidation intensity on mainstream CEX will reach $915 million. Conversely, if Bitcoin falls below $59,000, the cumulative long liquidation intensity on mainstream CEX will reach $697 million.The liquidation chart does not display the exact number of contracts pending liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually show the importance of each liquidation cluster relative to nearby liquidation clusters, that is, the intensity. Therefore, the liquidation chart demonstrates to what extent the underlying price reaching a certain position will be affected. A higher "liquidation bar" indicates that once the price reaches that point, there will be a stronger reaction due to liquidity waves.

According to Gate market data, the euro against the US dollar EUR/USD has risen more than 0.5% during the day, currently reported at 1.1426.

According to Coinglass data, if BTC breaks through $62,664, the cumulative short liquidation intensity on mainstream CEX will reach $1.867 billion. Conversely, if BTC falls below $56,805, the cumulative long liquidation intensity on mainstream CEX will reach $1.337 billion.

According to Coinglass data, if ETH breaks through $1,649, the cumulative short liquidation intensity on mainstream CEX will reach $730 million. Conversely, if ETH falls below $1,494, the cumulative long liquidation intensity on mainstream CEX will reach $501 million.

According to Coinglass data, if BTC breaks through $62,609, the cumulative short liquidation intensity on mainstream CEX will reach $1.805 billion. Conversely, if BTC falls below $56,657, the cumulative long liquidation intensity on mainstream CEX will reach $1.003 billion.

According to Jinshi reports, the USD/JPY briefly touched 161.941, then quickly fell back 20 points, currently reported at 161.84.