ETH falls below the $3000 mark

Odaily Planet Daily News: Coinbase has filed a lawsuit with the Marion County Circuit Court in Oregon, suing Governor Tina Kotek for disclosing public records related to the sudden change in cryptocurrency regulatory policies. Coinbase pointed out that the Oregon government suddenly changed its long-term policy stance in April 2025 and sued Coinbase without public participation, claiming that 31 types of digital asset trading on its platform are regulated securities trading. Coinbase emphasizes that the policy change affects hundreds of thousands of digital asset holders and traders in Oregon, but the entire process lacks public discussion or rule making procedures. The company stated that this lawsuit is not aimed at the allegations made by the state prosecutor against Coinbase itself, but rather revolves around whether the state government violated public records laws by failing to disclose the information behind its new regulatory stance in accordance with the law.

The US stock market opened lower, with the Dow Jones Industrial Average falling 266 points, the Nasdaq falling 53 points, and the S&P 500 index falling 0.49%.

Odaily Planet Daily News: Plasma announced in an article on X platform that its official account was taken over by an external attacker around 11:00 today. The team immediately activated the warning mechanism and completed the system investigation. Currently, the account has been restored to control and no financial risks have been found. Plasma founder @ pauliepunt stated that the attacker is suspected of modifying the organization's login credentials through the X platform management backend. At present, the relevant traces have been cleared and the account security measures have been strengthened. Plasma will continue to conduct a comprehensive post analysis and provide further explanation once more information is obtained. The official emphasized that its treasury assets were not affected in the incident and a professional security team has been contacted to assist in the investigation.

According to Golden Finance, Bitcoin and gold finance company Digital Commodities Capital has completed a strategic financing of $1 million, with Nasdaq listed company Mogo Inc. participating. The new funds will be used to acquire and hold Bitcoin and physical gold. After the transaction is completed, Mogo Inc. will acquire 9% of the company's shares in Digital Commodities Capital.

On July 11th, according to Bloomberg analyst James Seyfart, Grayscale and its lawyers submitted a letter in response to the US Securities and Exchange Commission's (SEC) "suspension" order on GDLC's ETF conversion, stating that the SEC has no authority to do so. Previously, the US Securities and Exchange Commission (SEC) has suspended the plan to convert Grayscale's Digital Large Cap Fund into an Exchange Traded Fund (ETF) and placed it under further review.