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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.

According to Jinshi, the panic index VIX briefly touched a two-week high, rising 1.42 points to 20.31.

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.

Ethereum core developer Terence posted on the X platform that the Ethereum Glamsterdam devnet-6 has been released, and significant progress has been made in the testnet. EIP-8282 introduces ePBS builder execution requests, which include two new system contracts. On the execution layer, based on the work from post-bal-devnet-7, EIP-2780, 8038 (repricing), 7997, 8246, and 8070 (optional) have been added, and modifications have been made to EIP-7954 (64 KiB), 8037 (source-based refunds), and 7928 (BAL×7702 preheat maintaining status quo).

According to Cointelegraph, Hyperliquid's portfolio margin feature has entered the Beta testing phase and increased limits. Users with account values below $25 million can use BTC and HYPE as collateral to trade perpetual contracts, spot markets, and outcome markets.

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.

The Ethereum Layer2 project Taiko has released the latest developments on the security incident, stating that this incident will not result in any loss of user funds. Currently, the bridged assets are in a state of insufficient collateral, and all additional collateral will be completed before the bridge reopens, ensuring that each user's balance receives 1:1 support, consistent with the situation before the incident occurred.Since the occurrence of this security incident, cautious measures have been taken, including controlling the scope of impact, determining the cause of the incident, and collaborating with the board to develop a plan to protect user assets. In addition, the CEO of Taiko has submitted a formal report to the relevant authorities in Singapore, and the team will fully cooperate in tracing the responsible parties. Users currently do not need to take any action; at this stage, the completed repair plan is being tested, and the chain and bridging services will be reopened as soon as safety is ensured. Users are also reminded to be vigilant against scams; the Taiko team will not proactively message users, and there are no websites for claiming or refunds. Any links provided for such purposes are scams.

According to Jinshi reports, the Federal Reserve stated that the banks tested were able to withstand losses of over $700 billion under hypothetical scenarios, with capital only declining by 1.6%, still above the minimum regulatory requirements.

According to CoinDesk, Federal Reserve Chairman Kevin Warsh will testify before Congress for the first time on July 14 at 10 AM (Eastern Time), and traders are closely watching for signals regarding stablecoins, bank custody, and interest rate policy.

According to official news, the decentralized all-asset trading platform Vanta has completed a multi-million dollar seed round financing. This round of financing was led by the top TradFi platform Vantage and supported by several strategic investors, including the Co-Founder of Orderly. Vanta was founded by a core executive team from Binance, OKX, and Bitget, aiming to build an on-chain trading platform covering multiple asset classes such as crypto assets, stocks, commodities, indices, and foreign exchange.In terms of products, Vanta has launched Smart Trading and AI trading assistance features to enhance the on-chain trading experience. Currently, its public beta has started, and users participating in trading and activities during the public beta can earn double points rewards.

According to Cointelegraph, Ethereum is embroiled in a fierce governance debate over the source of core development funding. Last Friday, former Ethereum Foundation contributor Trenton Van Epps warned that as old support programs deplete and foundation expenditures shrink, the core development ecosystem could face a "slow-burning funding crisis" within three to nine months, requiring approximately $30 million annually to maintain over a dozen clients, research, and coordination teams.The core of the debate stems from the "validator redirect income" proposal put forward by Kleros co-founder Clément Lesaege, which suggests redirecting 0% to 10% of validator rewards to an ecosystem funding pool, estimated to generate about 50,000 to 70,000 ETH annually at current staking levels. This proposal has faced widespread opposition, with critics warning that it could entrench the power of large validators and blur the boundaries between operations and governance. Some community members previously countered that the foundation's funds are sufficient to operate for 30 years, but the foundation's actual decisions indicate that it is actively shrinking expenditures and pushing for diversified funding models.On Monday, a nonprofit organization called EthLabs was announced, initiated by five former Ethereum Foundation researchers, aiming to directly fund development through large ETH holders. On Tuesday, Ethereum founder Vitalik Buterin stated that the foundation is cutting its budget by about 40% according to established policies and has recently laid off 54 people.

In two proof-of-concept projects completed by the Ethereum infrastructure team Nethermind and UBS, both parties demonstrated that regulated banks and asset management institutions can achieve strong compliance control on public, permissionless networks without modifying the Ethereum protocol itself.In this project on the Ethereum Sepolia testnet, the team built and validated a node that can impose custom compliance rules on external transactions, as well as a component that routes approved transaction bundles to specific block builders, without involving real fund transactions throughout the process.

At the ISC High Performance Computing Conference held in Hamburg, Germany, the latest edition of the global supercomputer TOP500 and energy efficiency Green500 rankings was officially released. The data shows that NVIDIA technology has powered more than 400 of the world's 500 fastest supercomputers, accounting for 81%, and nearly 90% of the newly ranked systems.In terms of hardware distribution, the list includes 376 systems that utilize NVIDIA networking technology, 238 systems accelerated by its GPUs, and another 26 systems that use Grace CPUs. In the Green500 ranking, which measures green energy efficiency, the top 8 positions are all driven by NVIDIA GPUs, with the KAIROS system based on the Grace Hopper superchip taking the top spot. Additionally, supercomputing systems based on the new Blackwell architecture (B200 and GB200) have also made their debut on this ranking.

According to BusinessMirror, columnist John Mangun pointed out that the European Commission recently proposed the first "comprehensive ban on third-country cryptocurrency asset services" against Russia. The underlying logic—wealthy countries can enforce compliance with their policies on any country accessing their financial systems—has far-reaching warning implications for developing countries like the Philippines.Remittances in the Philippines account for about 9% of GDP, and the proportion of cryptocurrency channels continues to rise. Although the central bank has established a regulatory framework for virtual asset service providers, its regulatory authority stops at the national border. The article cites the case of the Philippines being placed on the FATF "grey list" in 2021, indicating that once external financial connections are severed, compliance costs will be passed down, ultimately borne by ordinary remittance families. The author warns that the current debt-to-GDP ratio in the Philippines has reached 63.2%, a 20-year high. If cryptocurrency regulation is viewed solely as a consumer protection issue, while ignoring the underlying dimensions of capital accounts and fiscal sovereignty, the country may face a "Roosevelt-style four-day ultimatum" unprepared.

BIT (formerly Matrixport) announced the official launch of its U.S. stock margin trading feature, which will be open for public testing starting June 26. BIT is the first platform in the cryptocurrency industry to offer margin trading functionality. Users can now submit margin loan applications through the official website or app. BIT will review applications based on account status and risk management requirements, gradually increasing the margin limits. Additionally, features such as securities lending are also in preparation and will be gradually opened based on regulatory requirements and product progress.During the public testing period, BIT will simultaneously launch the "First Margin Loan · Limited Time Interest-Free" and "Interest Cashback Gift" promotions: Users who use margin trading for the first time during the promotional period will enjoy 30 days of 0% interest on their first loan, allowing users to experience the efficiency of leveraged funds without interest. Elio Cui, head of brokerage services, stated: "BIT is the first to provide margin trading functionality, enhancing the customer journey from account opening, trading to fund leverage. This allows BIT customers to improve investment efficiency and strategically position themselves in the world's most wealth-generating assets without relying on bank cards or leaving the digital asset ecosystem."BIT also reminds users that while margin trading enhances the efficiency of fund usage, it also comes with corresponding risks. Users should fully understand margin rules and risk control mechanisms and participate cautiously based on their own risk tolerance.

David Hoffman, the founder of Bankless who previously liquidated all ETH, posted on X about the newly established Ethlabs, stating: "The Ethereum Foundation (EF) has deliberately left a power vacuum for new organizational structures to emerge and influence the direction of Ethereum's development. I believe the direction led by Ethlabs represents the brightest future for Ethereum. I am pleased and will continue to support them on their path forward."Previously, David Hoffman publicly stated in late May that he had liquidated all ETH. Last night, several former Ethereum Foundation researchers announced the establishment of the nonprofit organization Ethlabs, aimed at promoting Ethereum's next phase of growth, with support from Bitmine, SharpLink, and Joe Lubin among others.