research

Bitget VIP Research stated in this week's report that the current market price of STRC is $75 (a discount of 25%), corresponding to a yield of approximately 16%. The Bitget USDT financing rate is 2.56%, with a spread of about 13 percentage points, and the annualized net yield of 1x revolving loan reaches 28.1%. Bitget Reality supports the full process of rSTRC same-account revolving loans without the need for cross-platform operations, with unified risk control and real-time monitoring of LTV.On Monday during U.S. stock market hours, Strategy (MSTR) announced that it would raise the annual dividend yield of STRC to 12% (effective from July 1) and establish two repurchase plans of $1 billion each (with STRC as a priority repurchase target), authorizing the sale of up to $1.25 billion in BTC to ensure priority payment of preferred stock dividends; as of June 28, the company held a total of 847,363 BTC and had a cash reserve balance of $2.55 billion. June 30 is the ex-dividend date, and holding rSTRC will entitle holders to the current dividend (of $0.48 per share, payable on July 15).

According to Bitcoin Magazine, Galaxy Research has lowered the probability of the passage of the CLARITY Act in 2026 from 60% three weeks ago to 50%, due to the increasingly tight Senate schedule, the lack of a published merged text for the bill, no scheduled votes, and no public commitment from leadership. The bill has been listed as item 423 on the legislative calendar since it passed the Senate Banking Committee on May 14 with a vote of 15-9, but no motion to advance it has been scheduled to date.The report indicates that the Senate must announce a schedule by early July to complete voting before the August recess; otherwise, it will be postponed until September, when the upcoming midterm elections will make controversial votes harder to arrange. Priority legislation such as FISA Section 702 and the NDAA occupies a significant amount of time, and Trump's veto of the housing bill further exacerbates scheduling pressures.The substantive content of the bill has not yet been fully resolved, and ethical provisions remain a core controversy, with at least two Republican senators expected to vote against it, making Democratic support essential. The report suggests that if leadership clarifies a commitment to vote in July within the next two weeks, the probability of passage will rise to 60% or higher; if there is continued lack of progress, it will be further lowered.

According to official news, the ForeGate supercomputing database, in collaboration with football legend Michael Owen, OneBullEx, OKX, and WEEX, has officially released the "ForeGate 2026 World Cup Winning Guide" match research report.This report focuses on the progress of the 2026 World Cup schedule in the US, Canada, and Mexico, conducting a systematic analysis of the qualification probabilities, advancement paths, championship probabilities, win-draw-loss trends, and betting tendencies of the 48 participating teams. The report combines the ForeGate AI prediction model with OKX data path simulations and continuously updates based on real-time match results, team conditions, and potential matchup changes. Currently, the comprehensive prediction accuracy of the related models has reached 93.8%, demonstrating strong data analysis capabilities in aspects such as match result response, point calibration, and advancement path judgment.ForeGate stated that during the World Cup, it will continuously update prediction content based on match results, team conditions, and model simulation results to help users understand the probabilistic logic behind schedule changes. Meanwhile, the ForeGate World Cup million-dollar prediction event is also in full swing, where users can participate in match predictions to share in the million-dollar rewards.As the World Cup schedule continues to progress, OneBullEx will combine the match data and related content from the report to keep a close eye on the dynamics of the matches, further enriching community participation and match discussions during the World Cup, providing users with more reference perspectives for observing match trends.

Grayscale Research's research director Zach Pandl stated that rather than raising the STRC preferred stock dividend yield by 50 basis points, it would be better to sell over $3 billion in Bitcoin to meet cash payment obligations and restore market confidence. As an institutional researcher, Zach Pandl publicly suggested that Strategy's sale of over $3 billion in BTC has certain indicative significance.If Strategy ultimately implements a large-scale sale, it will bring considerable selling pressure to the market and may weaken the narrative of companies continuously hoarding Bitcoin. This viewpoint also reflects market concerns about Strategy's capital structure and its heavy reliance on the sustainability of its Bitcoin balance sheet. Attention should be paid to Strategy's official response and whether there are actual Bitcoin transfers in its on-chain wallet.

The founder of [Oasis Labs](https://www.rootdata.com/zh/Projects/detail/Oasis Network?k=MjU3 "Decentralized Layer 1 network based on PoS consensus"), Dawn Song, co-founder of Virtue AI, announced on the X platform that she will join Meta Superintelligence Labs (MSL) as Vice President of Artificial Intelligence Research, along with several members of the Virtue AI team. She stated that she will participate in promoting Meta's work in the field of AI safety and AI safety protection, focusing on enhancing the security, reliability, and usability of cutting-edge AI models and agent systems.

L2BEAT researcher @sergeyshemyakov posted on the X platform that Tornado Cash had a suspicious DAO proposal on June 25, which targets an unverified contract. This is highly unusual in Tornado Cash DAO proposals and suggests that the proposal should be considered malicious. The address of the proposal creator received funding through Railgun 4 days ago. If the proposal is passed and executed, the governance contract will make a delegatecall to the target contract. sergeyshemyakov stated that the Tornado Cash liquidity pool itself is safe, but the proposal may directly target the Tornado Cash DAO, which currently holds TORN tokens worth approximately $23 million.

According to Cointelegraph, a study based on 857,000 active users of Polymarket shows that about 60% of users who placed their first bets during the World Cup had never interacted with blockchain protocols before.Alvin Kan, Chief Operating Officer of Bitget Wallet, stated that prediction markets have changed the traditional logic for crypto users to get involved—users no longer need to understand blockchain technology first, but can participate directly because they have opinions on real-world events. This has made prediction markets a new entry point for some users into the crypto space.Data shows that the trading volume of Polymarket's World Cup champion contracts has exceeded $3.1 billion, with sports contracts contributing over $4.9 billion in trading volume to Polymarket in the past 30 days, and reaching $8.5 billion on Kalshi, becoming the main trading category on both platforms.

According to PR Newswire, AI Agent infrastructure company Sail Research announced the completion of $80 million in seed and Series A financing, led by Kleiner Perkins and Sequoia Capital, with participation from Redpoint Ventures, CRV, Theory Ventures, and others.Sail Research focuses on building infrastructure for AI Agents, aiming to address the computational power, cost, and operational limitations of current artificial intelligence systems in long-duration, multi-step tasks. Its API is compatible with OpenAI interfaces and supports mainstream open-source models such as DeepSeek and Gemma.

According to Jinshi reports, BCA Research has raised its target for the S&P 500 index at the end of 2026 to 8,100 points, up from the previous target of 7,700 points.

10x Research released the latest market report indicating that Bitcoin traders have long misunderstood the indicators of "global money supply" and "global liquidity," while the trend of the US dollar is one of the important factors affecting Bitcoin prices. 10x Research pointed out that the US dollar is currently strengthening from multiple dimensions, and historical experience shows that a strong dollar is usually unfavorable for Bitcoin. Its dollar model has only triggered 6 sell signals since 2011, with the last one occurring in November 2025, followed by several months of continuous decline in Bitcoin prices.The report also stated that the global liquidity indicator, which circulated widely in the crypto community last year, was misused by the market. According to its research framework, this indicator issued a buy signal in early March this year and a sell signal at the end of April, and the team has calculated the next possible triggering time window. 10x Research stated that the report combines the trend of the US dollar, global liquidity, and other macro driving factors to analyze the potential time and value ranges for the low point of this bear market, and believes that the time window corresponding to the low point of Bitcoin's current cycle is gradually approaching.

On Monday, U.S. President Trump signed two executive orders aimed at accelerating the development of U.S. quantum computing capabilities and advancing the government's transition to post-quantum cryptography. Although the executive orders did not directly mention Bitcoin, industry insiders believe this could benefit the blockchain's post-quantum security research and development.The two executive orders focus on defending against advanced cryptographic attacks and promoting cutting-edge quantum innovation. They include a clear timeline: to advance the construction of quantum sensors by September 2028 and require federal high-value assets and high-impact systems to complete the transition to post-quantum cryptography by the end of 2031. Project Eleven CEO Alex Pruden stated that this means the U.S. government will invest time and resources to achieve post-quantum security goals and may extend related requirements to the entire federal contractor system, not just limited to government agencies, thereby accelerating the implementation of post-quantum cryptographic technology.At the time of this policy announcement, the blockchain industry’s concern about quantum threats continues to rise. Organizations like the Ethereum Foundation and the Solana Foundation have begun advancing post-quantum security research and development, while the Bitcoin community is also discussing potential risks. Some publicly exposed Bitcoin addresses are believed to face the risk of private keys being derived once powerful quantum computers emerge in the future. Pruden pointed out that this executive order clearly sets the deadline for adopting post-quantum cryptography as 2031, which is more binding than the previous guidance from the U.S. government that proposed phasing out traditional cryptographic systems by 2035. For Bitcoin and the broader cryptocurrency industry, government investment in post-quantum security may accelerate the maturity of related tools, standards, and migration paths.

According to GlobeNewswire, former Ethereum Foundation researchers have established an independent nonprofit organization called Ethlabs, supported by Bitmine, SharpLink, Ethereum co-founder Joe Lubin, and ecosystem participants such as Anchorage, Octant, and SNZ, aiming to prepare for the next phase of institutional adoption of Ethereum. The five co-founders include Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf, and Julian Ma, who have led significant upgrades to the network over the past decade. Ethlabs' early work will focus on the demand for large-scale institutional on-chain solutions: faster settlement speeds, native issuance, cross-chain transactions based on robust infrastructure, mainnet capacity, and research laying the foundation for ETH's monetary properties.

In response to recent community doubts about the Ethereum Foundation and the potential for a funding crisis, Grayscale Research Director Zach Pandl posted on the X platform, stating that in the long run, the current institutional adjustments being made by the Ethereum Foundation are positive for Ethereum for two main reasons: first, more development work will be transferred to commercial organizations, which can reduce the development responsibilities borne by the Foundation and may encourage more work to be driven by commercial entities, thereby improving the overall efficiency of the ecosystem; second, the structural adjustments help maintain Ethereum's core principles as a digital currency infrastructure, and a Foundation with clearer responsibilities and a more focused scope may be more beneficial in ensuring that Ethereum continues to adhere to the "CROPS" principles necessary for building a sound digital currency.If the Ethereum Foundation reduces its direct involvement in ecosystem development in the future and focuses on maintaining Ethereum's long-term core goals, it may help strengthen ETH's positioning as a decentralized digital asset infrastructure.

According to official social media news, the third session of the Huobi Master Lecture "AI Agent Economy and New Opportunities in Crypto" will officially start today at 19:00. Han Feng, an independent researcher at Harvard University, a corresponding member of the American Association for Artificial Intelligence (NAAI), and a lifetime member of the Bitcoin Foundation, will be invited to attend and share insights on the theme "From H2A to A2A," discussing the new trends in the integration of AI and Crypto against the backdrop of the rise of the Agent economy, interpreting the collaborative network of intelligent agents, on-chain economic systems, and potential development opportunities in the future digital society.

The decentralized AI infrastructure network DGrid AI today released its latest research paper "PoQ-Judge," proposing a multi-architecture quality assessment framework that does not require reference answers. This means that in real deployment environments, there are often no standard answers for comparison, yet the protocol can still reliably score the quality of model responses and allocate incentives accordingly. This is a key piece that has long been missing in DGrid's decentralized LLM inference quality assessment system.PoQ (Proof of Quality) is a consensus mechanism independently developed by DGrid, designed to prevent model providers from deploying low-quality models, fabricating data, or hiding computational costs at the protocol level, thereby ensuring service quality and pricing transparency. The DGrid team has been continuously working on PoQ and has published four research papers to date. The newly released PoQ-Judge has trained three assessment models covering different quality and cost scenarios, achieving a correlation of up to 0.747 with human scoring on the retention test set, significantly outperforming all previous reference answer-based evaluators, while reducing assessment costs by over 72% through cascading evaluation and online weight calibration.With the implementation of PoQ-Judge, the entire process from quality assessment → scoring → incentive allocation has completely eliminated reliance on reference answers, thus establishing a closed loop for the quality of decentralized LLM inference.DGrid AI is a decentralized AI intelligent network dedicated to building an open, transparent, and community-driven AI infrastructure. Focusing on model invocation and application experience, DGrid has launched several core products: the AI Gateway that aggregates mainstream large models globally, the one-click deployment platform for AI agents DClaw, the anonymous model competition platform AI Arena, and the intelligent model recommendation assistant Dori, providing one-stop services for developers and users. It is reported that DGrid AI's revenue has surpassed 20 million dollars in six months.