Greeks.live Briefing: Short term bearish sentiment in the market, BTC focuses on bottom at $105000

According to Cointelegraph, Project Eleven, a development company focused on post quantum cryptography, has raised $6 million in funding, led by Variant Fund and quantum technology investment firm Quantonation. The funds will be used to develop tools to resist quantum computing attacks and protect the security of digital assets such as Bitcoin. The company's first product, Yellowpages Encryption Registry, has completed a Cure 53 audit, allowing users to bind existing Bitcoin addresses to new anti quantum addresses without relying on on on on chain activity.

According to CoinDesk, Japanese clothing chain Mac House has completed fundraising by issuing new stock reservation rights to third parties, raising a total of 2.391 billion yen (approximately 16.42 million US dollars), exceeding the original plan of 1.476 billion yen (approximately 10.13 million US dollars). The company stated that due to the higher than expected average exercise price of new stock reservation rights, the funds raised exceeded expectations. Among them, up to 1.715 billion yen (approximately 11.77 million US dollars) will be used to purchase encrypted assets such as Bitcoin, a significant increase from the previously planned 800 million yen. Previously, Mac House announced on June 12th the launch of a new strategy for "finance, investment, and mergers and acquisitions" and revealed that it will invest in cryptocurrency assets. To officially promote investment, the company announced an organizational change on the same day, establishing a new "Digital Asset Operation Group" in the Management Headquarters, responsible for cryptocurrency and stock investment and risk management.

According to Forbes, DT Marks DEFI LLC, a subsidiary of Trump, has reduced its WLFI stake from 60% to 40% in the past 11 days. This is the second time the Trump family has reduced their stake in the project: as early as the end of January this year, their shareholding ratio had already dropped from the initial 75% to 60%. It is estimated that if the recent market value of stablecoin issuer Circle is used as a reference, the valuation of WLFI may reach as high as $1.7 billion. This reduction in holdings may bring about $190 million in benefits to the Trump family, of which Trump himself may receive about $135 million.

According to Foresight News, Taiwanese cryptocurrency trading platform BitoPro has released an attack report, analyzing the methods and discovering that the attack was carried out by North Korean Lazarus Group. Hackers implanted a Trojan into their computers through social attacks, then hijacked AWS Session Tokens to bypass identity authentication and implanted malicious scripts into the hot wallet host. Foresight News previously reported that Taiwan's cryptocurrency trading platform BitoPro was hacked on May 8th, resulting in a loss of approximately $11.5 million. The stolen funds are then deposited into Tornado Cash or cross chain into Bitcoin through THORChain and deposited into Wasabi.

JUST IN: Elon Musk's X to launch in-app investing and trading, FT reports.