Phong Le: Strategy only sells Bitcoin in specific circumstances

A chain of six flaws caused the cross-chain trading network to credit a pool with nearly 50 million tokens that were never properly funded, letting an attacker drain real assets.

[Centralized Exchange Stablecoin Reserves Shrink by 20%, Binance's Share Rises to 68.5%] According to BeInCrypto, CryptoQuant data shows that centralized exchange stablecoin reserves have dropped from approximately $80 billion at the end of 2025 to around $64 billion, a decrease of about $16 billion. Binance's stablecoin share has risen from just over 60% to 68.5%, while platforms like Coinbase, Bybit, and OKX have seen more significant reductions. Santiment has observed an increase in pessimistic sentiment on X and Reddit, with the Crypto Fear & Greed Index at 46. The total stablecoin supply has decreased from nearly $316 billion in May to $300.89 billion, a decline smaller than that observed on exchanges.

Garrett Jin commented on Arthur Hayes' leadership of the crypto AI project, stating that his grasp of timing is impressive. Cryptocurrency is a game of cycles, and understanding cycles can give you a ride.

According to the Science and Technology Innovation Board Daily, world model developer Moxin Technology has completed four rounds of financing within 8 months, with a total amount of nearly 1 billion yuan. The latest round of financing is 500 million yuan, with a valuation of 4 billion yuan. The investors include Shenzhen Venture Capital, Zhejiang Venture Capital, Huawei Hubble, Lenovo Holdings, Fuhanwei, Xingrui Capital, Cheers Fund, Jinko Energy Holdings, SMIC Juyuan, Silicon Core Investment, Jewate, P7 USD Fund, Dinghui Baifu&Longxin Venture Capital, Hulan Investment, Shuyun Capital, and Junlang Venture Capital.

A Hyperliquid perp priced Unitree far above its IPO valuation before Shanghai trading began, but the robot maker’s first public trade still opened roughly 75% above crypto traders’ implied price.