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According to Reuters, GameStop (GME) stated that despite eBay (EBAY) rejecting its acquisition offer of approximately $56 billion in cash and stock in May, the company will continue to push forward with the acquisition plan and will soon release detailed strategic logic and operational integration plans. GameStop CEO Ryan Cohen previously argued that the reason for acquiring eBay is that the merged company would become a stronger competitor to Amazon.Meanwhile, GameStop disclosed that the adjusted EBITDA for the fiscal year 2026 is expected to exceed $600 million, a significant increase from $345.4 million in the fiscal year 2025.

According to CoinDesk, blockchain analysis company Chainalysis has released a new methodological proposal aimed at establishing a unified on-chain fund tracking standard framework for law enforcement agencies and investigators, to identify address clusters and determine their possible control relationships.The proposal defines the on-chain analysis structure in the form of "ontology," focusing on systematically breaking down the currently unstandardized concept of "cluster" in the industry into wallet segments and functional roles, and describing on-chain relationships through a two-layer structure: the first layer defines the transaction graph structure, and the second layer assesses inference confidence.Chainalysis stated that the framework aims to enhance the interpretability and legal applicability of on-chain forensic methods, and is designed and validated based on its practical experience in relevant cases within the U.S. Department of Justice, including the analytical application in the mixing service Bitcoin Fog case.The company's Chief Scientist Jacob Illum pointed out that the goal of the proposal is to answer "on what evidence basis can these addresses be considered to belong to the same entity," while emphasizing that on-chain analysis itself cannot directly identify the ultimate user identity and still requires legal investigative methods combined with centralized entities such as exchanges.Chainalysis indicated that the standard proposal is currently open for discussion within the industry, hoping to promote the formation of more unified technical specifications for on-chain analysis methods in the fields of law enforcement and compliance.

According to Cointelegraph, CryptoQuant analyst Darkfost stated that the Bitcoin unspent transaction output (UTXO) data shows that the proportion of loss transactions to profit transactions in the current market has dropped to the lowest level of this bear market cycle, indicating that investors are entering a clear "surrender" phase.This indicator has previously triggered multiple times at historical cycle bottom areas. The last similar low occurred during the mid-2023 deep phase of the bear market, when the Bitcoin price briefly fell to around $26,000. Analysts believe that such phases usually correspond to extremely low market sentiment, with long-term investors gradually starting to accumulate again.Darkfost pointed out that this is the first time this signal has been triggered since the start of the current correction, indicating that the number of UTXOs sold at a loss is significantly increasing, reflecting a broader sell-off and surrender behavior that has begun. He also added that the spent output profit ratio (SOPR) of long-term holders' Bitcoin is gradually entering negative territory.

Base officially released an analysis report on the interruption of block production, which disclosed that the Base mainnet experienced two interruptions in block production on June 25 and 26, lasting 116 minutes and 20 minutes respectively. The security of on-chain assets was not affected, and funds remained in a secure state.The root cause of the incident stemmed from a logic flaw in the sequencer's block construction: after a transaction execution failure, the old journal state was not correctly cleared, leading to gas calculation errors during the execution of subsequent valid transactions, which in turn generated invalid state transition blocks, causing the entire L2 chain to pause block production.Base stated that the issue has been resolved through a patch, and it will strengthen the protocol's fuzz testing and stress testing systems to identify potential malicious transaction paths, while also optimizing monitoring and operational processes. Additionally, there are plans to introduce a recovery mechanism to enhance the ability to recover quickly from similar incidents in the future.

The Kobeissi Letter analysis points out that since April, the cumulative net outflow from U.S. gold and Bitcoin-related ETFs has been about $12 billion, while during the same period, semiconductor ETFs recorded a net inflow of about $20 billion, with funds clearly concentrating in the technology growth sector.This trend accelerated further in mid-May: the outflow from gold and Bitcoin ETFs increased more than threefold, while the inflow into semiconductor ETFs doubled. In terms of market performance, the world's largest gold ETF GLD has fallen about 13% since early April, and the Bitcoin ETF IBIT has dropped about 12% during the same period; in contrast, semiconductor ETFs SOXX and SMH have risen approximately 81% and 60%, respectively.Analysis suggests that the current market shows a clear "risk preference switch," with retail funds accelerating their shift from safe-haven assets and crypto assets to high-growth semiconductor and AI-related sectors, driving the market in unprecedented ways.

According to official news, AI-assisted development of the Web3 infrastructure layer Canopy has completed a $8.5 million seed round financing, with participation from Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital.The raised funds will be used to support its mainnet launch, expansion of the engineering team, and the development of native AI development tools.

Coinbase officially stated that it is cooperating with the Brooklyn District Attorney's Office in New York, assisting in the investigation of a long-term impersonation fraud case targeting platform users and supporting victims in recovering funds.According to the Brooklyn District Attorney's Office, a Brooklyn man has been charged with long-term impersonation of Coinbase customer service, using social engineering techniques to mislead users into believing their accounts were compromised and requesting them to transfer funds to a "secure wallet," subsequently transferring and stealing the funds. The case involves approximately 100 victims, with the amount in question nearing $16 million, and over $600,000 has been recovered so far.Coinbase stated that such scams do not stem from platform security vulnerabilities but are social engineering attacks that exploit user trust and urgency, with common tactics including identity forgery, impersonating customer service, and creating account risk panic. The company claims to have cooperated with law enforcement to complete various investigative tasks, including identifying suspects, assisting victims in notifications, providing legal request data support, and on-chain fund tracking, emphasizing that blockchain traceability helps law enforcement track the flow of funds.Coinbase also reminds users that the platform will never ask users to transfer funds to a "secure wallet," nor will it request 2FA verification codes, recovery phrases, or password reset links, and advises users to contact customer service only through official in-app channels. The company will continue to strengthen anti-fraud mechanisms, user education, and cooperation with law enforcement to address the increasingly complex cryptocurrency asset fraud.

The AI-driven on-chain trading platform AvoDex has announced that its Genesis NFT unlocking feature is officially live. The AvoDex Genesis NFT is a community credential for the AvoDex perpetual contract exchange and is also the earliest release vehicle for the $AVO token, with holding users locking in a phased release right of AVO tokens. This marks another important step for AvoDex towards TGE on July 1.It is reported that AvoDex is a Perp DEX that natively integrates AI Agent, primarily providing services such as perpetual contracts, spot trading, and AI strategy tools.

According to official social media news from HTX DAO, the number of teams registered for the HTX Genesis Hackathon, hosted by HTX DAO and B.AI, and co-organized by OpenCSG, TinTinLand, and OpenCity, has exceeded 100. It is reported that the total prize pool for this event reaches 20,000 USDT, and over $100,000 in computing power support is provided. Participating teams will innovate around the application scenarios of $HTX, B.AI ecological applications and computing power services, AI Agent finance, on-chain asset management, trading infrastructure, DAO tools, and smart financial operating systems. Registration for HTX Genesis will close on July 5, and the finals will be held offline during the WAIC World Artificial Intelligence Conference in Shanghai on July 19.HTX DAO stated that its recent focus revolves around four aspects: 1. Continuously breaking down the rights of the $HTX token to help more users understand the practical value of $HTX; 2. Advancing the HTX Genesis Hackathon, gradually implementing developer resources, ecological support, exposure opportunities, etc.; 3. Deepening the AI x Web3 narrative, making HTX DAO a new entry point connecting AI builders, Web3 applications, and on-chain ecology; 4. Expanding community and public welfare connections, implementing community value into the real world through charitable donations and offline actions.

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.

According to market news, community members report that Gnosis's X (formerly Twitter) account has been hacked. Please do not interact with this account and do not click on any links it has posted.

CryptoQuant analyst Axel Adler Jr. stated that Strategy's preferred stock MSTR has fallen 78% from its peak, while Bitcoin has dropped 51% from its peak. The average cost basis for Strategy's 847,363 BTC holdings is $75,651, with a total cost of $64.1 billion. The current BTC price has fallen below this cost line for the first time since the bear market of 2022. The additional decline of MSTR relative to BTC has reached about 28 percentage points, approaching the upper end of the historical range, but has not yet touched the extreme of an 89% retracement from the 2022 low.Meanwhile, Strategy's purchasing strategy has clearly shifted to a defensive stance: the weekly BTC purchase volume has been cut by about two-thirds, with less than 11% of the $335.5 million raised through stock issuance used to buy BTC, and the remainder transferred to dollar reserves. At the end of May, Strategy also conducted its first net sell since 2022, selling 32 BTC to pay STRC dividends. Adler pointed out that the main risk currently lies in BTC remaining below the treasury cost line of $75,000, which would block the financing channel for ATM issuance by compressing the MSTR premium. However, nearly all of Strategy's debt is in convertible bonds, with no additional margin risk; the baseline scenario is the loss of marginal buyers rather than cascading liquidations. The real pressure point lies in the company's transition from selling stock to systematically selling BTC itself to pay preferred stock dividends and debt interest.

According to CoinDesk, Bitcoin has repeatedly found support around $59,000 in June, a position that has replaced $60,000 as a more critical technical support level. On Wednesday, as the decline accelerated, the price briefly approached $59,000 before rebounding to $61,000, a similar trend that occurred on June 5, when the price rebounded to $67,000 after stopping the decline near $59,000.The Federal Reserve's most closely watched PCE data will be released on Thursday evening, with core PCE expected to rise year-on-year by 3.3%-3.4%, the highest since October 2023. If the data exceeds expectations, it will confirm that the rise in inflation is not a temporary phenomenon, potentially strengthening interest rate hike expectations and pushing the dollar index further up, putting pressure on cryptocurrencies; if it falls short of expectations, it may alleviate concerns about interest rate hikes, providing support for Bitcoin's rebound from $59,000.

According to BBX data, yesterday traditional derivatives giant made a high-profile entry into the prediction market, and a counter-cyclical signal appeared for digital asset reserve companies. The core dynamics are as follows:Cboe Global Markets, Inc. (NASDAQ: $CBOE) announced yesterday the re-launch of binary options products benchmarked to the S&P 500 index ("Yes/No" structure, providing fixed returns or zero at expiration based on contract conditions). This marks Cboe's first return to this category since it withdrew about ten years ago, directly entering the prediction market track pioneered by Polymarket and Kalshi, which has become "one of the fastest-growing areas on the internet." This move signifies that one of the largest regulated derivatives exchanges in the U.S. officially recognizes binary options/prediction markets as an independent asset class, entering the competition with the compliance endorsement of a traditional exchange and institutional distribution capabilities, rather than holding a regulatory exclusion attitude towards this model. For cryptocurrency concept stocks, Cboe's entry has dual implications: first, it further validates the market size and legitimacy of prediction markets; second, Cboe's institutional channels and Coinbase (the only licensed prediction market FCM by the CFTC) will compete in parallel under the same regulatory framework, leading to an increase in the valuation and policy attention of the entire track.Strive, Inc. (NASDAQ: $ASST) was cited in a market analysis report yesterday (pending independent confirmation from the official SEC 8-K document), stating that the company recently increased its holdings by approximately 759 BTC at an average price of about $65,850; based on this calculation, the company's BTC holdings have increased from 19,032 disclosed in the SEC 8-K on June 5 to about 19,791 (approximately $1.17 billion). This increase occurred against the backdrop of Bitcoin continuously declining from the $65,000 to $66,000 range. Strive and Strategy (which also increased its holdings by 520 BTC during the same period) are among the few DAT companies that maintained active purchases during the reporting period; CEO Matt Cole previously positioned the continuous increase in BTC as a "differentiated catch-up" to Strategy's scale advantage rather than a pure directional bet on price. The company holds approximately $139.2 million in cash, and the capital balance between the 9.5% annual dividend obligation of preferred stock (SATA) and BTC purchases is currently the most noteworthy balance sheet risk point.

The predictive market analysis platform Polysights announced the completion of a $1.5 million financing round, with investors including YZi Labs S3, Maven 11 Capital, Varys Capital, Contribution Capital, and Edge Ventures.Polysights is building an automated and intelligent infrastructure for predictive markets. According to reports, Polysights is based on artificial intelligence technology and is aimed at individual traders and various institutions, enabling wallet-associated cluster screening, market anomaly detection, and the ability to analyze various trading strategies in predictive markets.

According to The Block, Bitcoin miner revenue continues to decline, with the 7-day moving average dropping to about $30,000,000 per day, down from over $50,000,000 last summer. The contribution from transaction fees has become negligible, at less than $250,000 per day. The current trading price of BTC is about $62,500, significantly lower than JPMorgan's estimated production cost of around $78,000, a gap that has persisted for five months, the longest in this cycle. Production costs have historically been seen as a soft price floor, and currently, about 20% of miners are operating at a loss.Network-level pressure is becoming evident. Over the past six months, the beta value of mining difficulty relative to BTC price has risen to 0.62, with high-cost miners switching off their machines based on price fluctuations rather than continuing to operate at a loss. In the second week of June, difficulty decreased by 10%, marking the second similar adjustment this year. Publicly listed mining companies have sold over 32,000 BTC in the first quarter to cover operating costs, rather than further reducing production capacity.

According to official news, the Web3 smart data analysis platform AiTraceRoot has completed a strategic financing of $3.5 million, with participation from Castrum Capital, Becker Ventures, Coinvestor, and Gemhead Capital. The funds raised will be used for product research and development, security upgrades, large-scale data model training, and collaborative development within the BNB Chain ecosystem. AiTraceRoot is a smart data analysis support platform aimed at the Web3 field, dedicated to providing intelligent data analysis services for global Web3 users.

NextGen Venture founder Jason Huang posted on platform X that Strategy (MSTR) issued new shares through an ATM last week, which did not actually increase the per-share Bitcoin holdings but instead diluted its mNAV multiple. He pointed out that the number of Bitcoins corresponding to each share is decreasing, and the official mNAV metric has dropped to 1.1 times, based on the most recent disclosure before last week's decline. Huang warned that once MSTR's performance relative to Bitcoin lags by another 10% (negative Alpha), each issuance through the ATM will further dilute the per-share Bitcoin holdings, and at that point, the death spiral will truly begin; the recent decline is merely an appetizer.

The price of Bitcoin has retreated to $62,000, and the second day of chip stock sell-offs is dragging down the crypto market, with over $1.5 billion in leveraged positions being liquidated.

Analyst Murphy stated that there is strong support around $60,000 before and after the expiration of Bitcoin options on June 26, making it difficult to break below that level easily. In the corresponding Gamma chart, the range of $59,000 to $62,000 shows a clear positive Gamma, and the hedging behavior of market makers will suppress volatility, making it easier for the price to be fixed in that area. At the same time, there is a significant accumulation of Put options with a strike price of $60,000, totaling up to 4,620 BTC, forming a strong Put wall that will generate substantial buying power and provide solid support as the price approaches. Historically, when similar options structures have appeared, they often correspond to phase bottoms or the end of pullback stages. Analyst Murphy believes that $60,000 remains a strong support level in the short term and is cautiously optimistic about the short-term market performance.