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7/4
11:32
Specter: An address believed to be associated with Mining Express swapped 5,004 ETH for 8.8 million DAI
Svmuu News: On-chain investigator Specter posted on X, stating that approximately 16 hours ago, a wallet suspected of being linked to Mining Express exchanged 5,004 ETH for approximately $8.8 million in DAI, sparking market attention regarding the re-circulation of historical funds.
According to his tracking, the address has on-chain links to the Mining Express project, which was launched in Ukraine in 2019 by Brazilian founder Kaze Fuziyama. The project initially raised funds through a multi-level marketing (MLM) model but was later accused of operating as a Ponzi scheme; after ceasing payouts, it shifted its focus to cloud rendering services.
On-chain data shows that in March 2024, this wallet received 4,512 ETH from an address associated with Mining Express. Subsequently, the funds entered the staking ecosystem via Lido and Ether.fi, with the entire ETH staking deployment completed in April 2026, followed by a full unstaking on May 4.
Specter noted that the address was first flagged on June 15, but further analysis was only recently completed. This large-scale conversion of ETH to DAI suggests that the associated long-term staked funds are being reallocated or may be undergoing a potential exit.
Analysis indicates that this type of on-chain activity—characterized by the “reactivation of historical project funds combined with large-scale stablecoin conversions”—typically draws market attention to liquidity releases and potential selling pressure.
11:20
Opinion: The Failure of BIP-110 Is Seen as a Strong Signal for "Bitcoin," Further Validating the Network’s Consensus Mechanism and Governance Resilience
Svmuu News Nasdaq Listing Bitcoin David Bailey, Chairman and CEO of Nakamoto, stated that the long-standing controversy surrounding BIP-110 and the “attempts at governance-level conflict” ultimately failed. Judging by the outcome, this has been “extremely beneficial” for Bitcoin and has further strengthened the stability of its network consensus.
David Bailey noted that this incident is viewed as a complex information battle that has spanned several years, involving multiple factors such as mining pool competition, alternative clients, UASF mobilization, disputes over node consensus manipulation, and widespread public opinion clashes on social media.Even in an environment of highly complex information dissemination and community mobilization, the opposing factions failed to secure significant hashrate support—accounting for “less than 1%”—indicating that miners and economic participants as a whole continue to adhere to mainstream social consensus.This outcome validates a core feature of the Bitcoin governance structure: network consensus is collectively formed by users, miners, developers, and industry participants, rather than being dominated by a single group. At the same time, he pointed out that historical cases have shown that miners find it difficult to deviate from social consensus, and this incident further reinforces that conclusion.
However, he also emphasized that the incident exposed vulnerabilities in information coordination within the Bitcoin core developer collaboration layer. The current overreliance on public social media platforms for communication makes the community more susceptible to information manipulation and content amplification, thereby significantly increasing the cost of community coordination.This controversy has consumed a significant amount of the community’s time and attention, and he believes the industry should participate more actively in the Bitcoin Bitcoin Improvement Proposal (BIP) governance process in the future to enhance collaboration efficiency and reduce unnecessary internal friction.
David Bailey concluded that Bitcoin demonstrated strong resistance to fragmentation during this incident and emphasized that “technical rationality and economic consensus will ultimately continue to dictate the direction of the network’s development.”
11:10
BTC has surpassed 63,000 USDT, with a 24-hour gain of 1.06%
Svmuu News: According to OKX data, BTC has broken through 63,000 USDT and is currently trading at 63,009.7 USDT, up 1.06% over the past 24 hours.
10:57
With cumulative losses of $33.28 million, Big Brother Ma Ji increased his positions by 40 times in BTC and 10 times in HYPE long positions.
Svmuu News: According to Onchain Lens, Huang Licheng, known as “Big Brother Maji,” has increased his leveraged long positions on Hyperliquid. After opening a 40x BTC long position and a 10x HYPE long position a few hours ago, he has added 17 BTC long positions, worth $1.06 million, and 6,900 HYPE long positions, worth $487,500. His cumulative P&L stands at a loss of $33.28 million.
10:56
A certain ETH short-selling address suffered five consecutive losses and cut its losses an hour and a half ago, losing $3.5 million in three days.
Svmuu News: According to on-chain analyst Aunt Ai, the unlucky address that “lost four long positions in a row and then switched to a short position of 22,000 ETH” cut its losses an hour and a half ago, with an entry price of $1,613 and an exit price of $1,772, resulting in a loss of $3.5 million over three days and a five-trade losing streak.
10:51
The U.S.-Iran peace agreement has unleashed a large volume of crude oil supply, reigniting concerns about a global supply glut
Svmuu News: As a peace agreement between the U.S. and Iran unleashed a massive surge in supply, oil prices fell across the board. With demand unable to absorb the excess, the market is once again discussing the issue of a crude oil supply glut.This is a stunning reversal: less than three months ago, the world’s major physical crude oil benchmarks were hitting record highs; and just a few weeks ago, senior industry executives were still warning that global inventories had fallen to extremely low levels due to the Iran crisis.Beyond the immediate impact of the Strait’s reopening, analysts at institutions ranging from Morgan Stanley to Goldman Sachs have warned this week that the market faces the risk of a supply glut next year.
Kit Haynes, head of oil research at energy consultancy Energy Aspects, said, “The overwhelming sentiment in the market right now is bearish.” Even before the U.S. and Iran signed a memorandum of understanding in mid-June to reopen the Strait of Hormuz, suppliers in the Persian Gulf had already been increasing their shipments. In the weeks following the signing of the agreement, more than 60 million barrels of crude oil—which had been stranded due to the outbreak of war—flooded the market. (Jin Shi)
10:46
U.S. M2 Exceeds $23 Trillion, Setting a New Record and Sparking Debate Over a “Liquidity-Driven Bubble”
Svmuu News: The latest data from the U.S. Federal Reserve shows that in May, the seasonally adjusted broad money supply (M2) rose to $23.05 trillion, surpassing the $23 trillion mark for the first time and reaching a record high.M2 has risen for five consecutive months since the beginning of the year, accumulating a growth of approximately $623 billion from January’s level of $22.43 trillion, with a month-over-month increase of about $247.8 billion, indicating continued expansion of liquidity.
Some industry insiders believe this growth may reflect the Federal Reserve’s (Federal Reserve) re-injection of liquidity following its tightening cycle, sparking discussions about a “resurgence of monetary easing.” However, mainstream economic views point out that the money supply typically grows naturally in tandem with the size of the economy, and the current rise can also be seen as a correction to the previous contraction.
In terms of asset pricing, the market is widely focused on the potential impact of liquidity on risk assets. Cryptocurrencies such as Bitcoin, due to their limited total supply, are viewed by some investors as hedges against currency devaluation, and the narrative of “liquidity-driven rallies” has gained momentum once again.
At the same time, the continued accumulation of gold by global central banks as a reserve asset is also seen as an indirect signal of hedging against the long-term stability of the fiat currency system. The next set of M2 data will be released in late July, and the market will continue to monitor whether the expansion of liquidity persists. (Bitcoin News)
10:44
Strategy CEO: Bitcoin Is a Rule-Based System for Monetary Freedom
According to Svmuu News, Phong Le, CEO of Strategy, posted on X that Bitcoin is essentially an “embodiment of freedom” and likened it to “the United States of the currency world.”He reflected on his own experiences in Vietnam, noting that the country has undergone tremendous changes in economic development and social vitality, but “the United States remains a destination many people around the world aspire to,” symbolizing opportunity, upward mobility, and institutional freedom.
Phong Le pointed out that the United States’ long-term success stems from its constitutional system, capitalist mechanisms, and culture of innovation, which enable ordinary people to achieve social mobility through education, entrepreneurship, and risk-taking. He noted that his own family’s experience as Vietnamese refugees immigrating to the United States is a testament to this system.Building on this, he defined Bitcoin as “the United States in digital form,” arguing that through transparent rules, code enforcement, proof-of-work, and a fixed supply mechanism, it achieves a “sovereignty-free monetary order” analogous to a constitutional system.
Phong Le emphasizes that Bitcoin is not merely an asset but a “mechanism of hope,” offering an alternative for savers in inflationary environments, residents of regions with institutional instability, and those seeking asset sovereignty. Bitcoin It shares the core spirit of the American system: individual sovereignty, property rights, open competition, and long-termism. He concluded: “The United States provides freedom at the national level; Bitcoin provides monetary freedom at the network level.”
10:43
Six addresses purchased a total of 12,128 ETH and transferred it to Tornado Cash
Svmuu News: According to monitoring by on-chain analyst Ai, six addresses purchased 12,128 ETH via Cowswap over the past two hours at an average price of $1,760.55, and subsequently transferred the funds in batches to Tornado Cash.It is reported that the USDC used to purchase the ETH was transferred via CCTP from Solana through Circle, and the earliest transactions from the source addresses can be traced back four years.
10:42
Binance Life Short surged more than 20% at one point, reaching a high of over $0.91
Svmuu News: According to GMGN market data, Binance’s price briefly rose by more than 20%, peaking at over $0.91, and is currently trading at $0.78.
Svmuu reminds users that meme coins are highly volatile; investors are advised to exercise caution.
10:27
predict.fun: More than 120,000 unique users participated in trading this week, all of which took place on the BNB Chain
Svmuu News: The prediction market platform predict.fun reported that more than 120,000 unique users have completed transactions on its platform this week, with all activity taking place on the BNB Chain.
10:23
A certain address accumulated a total of 19,725.38 ETH and 161.35 WBTC by buying at the bottom; it currently has an unrealized gain of $3.59 million.
Svmuu News: According to on-chain analyst Ai, the new address 0x268…47643 withdrew another 61.35 WBTC half an hour ago. Since June 30, it has accumulated a total of 19,725.38 ETH and 161.35 WBTC, with a total value of $41.5 million; the position, established at a low point, has already realized a profit of $3.59 million.
10:10
A trader opened a long position in ANSEM with 4x leverage and is currently showing a paper profit of over $110,000.
Svmuu News: According to Lookonchain data, trader 0xe8be opened a 4x leveraged long position in ANSEM, holding approximately 619,853 $ANSEM (about $213,000). The position has currently recorded an unrealized profit of approximately $111,000, representing a return of about 209.28%, demonstrating that short-term price fluctuations have generated significant leveraged returns.
10:05
Wang Chun has recently sold off 36,600 ETH and 160 WBTC in a series of transactions, with an estimated profit of $3.4 million.
Svmuu News: According to on-chain analyst Yu Jin, Wang Chun of Yuchi Lianchuang has gradually reduced his holdings by 36,600 ETH and 160 WBTC over the past few days, with an estimated profit of $3.4 million. In June, he gradually bought the dip, acquiring approximately 70,600 ETH ($117 million) and 966 WBTC ($60.29 million).
09:26
Circle So far this year, 64.53 billion USDC have been minted on the Solana blockchain.
Svmuu News: According to Onchain Lens, Circle has just minted 280 million USDC on the Solana blockchain. So far this year, 64.53 billion USDC have been minted on the Solana blockchain.
09:24
Negotiations between the United States and Iran will take place in Pakistan on July 11
Svmuu News: According to Saudi media outlets Hadath and Al-Arabiya TV, negotiations between the United States and Iran will take place in Pakistan on July 11. (Jin Shi)
08:58
U.S. Media Reveals Inside Story of U.S.-Iran Ceasefire Agreement: Iranian President and Central Bank Governor Jointly Urged Supreme Leader to “Sign It Immediately”
Svmuu News: According to four officials familiar with the details of the meeting, Iranian President Pezeshizyan visited Iran’s Supreme Leader Mojtaba Khamenei during the final stages of negotiations, when the Supreme Leader was hesitating to approve a preliminary ceasefire agreement. The Iranian president told the Supreme Leader that the economic situation was dire, that the U.S. naval blockade was strangling Iran, and that he would resign if the Supreme Leader rejected the agreement. Additionally, Abdulnasser Hemmati, Governor of the Central Bank of Iran, wrote a letter to Khamenei stating that the country was facing a severe budget crisis and that, if the naval blockade continued, critical food and medical supplies would be exhausted by the end of August.
In his letter, Hemmati explained that Iran could not sell oil on the scale required or find alternative trade routes. These statements played a key role in Mujtaba’s ultimate decision to support the agreement. In a brief public statement, he said that although he opposed the agreement “in principle,” he would instruct the president to proceed if the president secured the support of the Supreme National Security Council. Pezeshchiyan stated that the council approved the agreement by a vote of 12 to 1 out of 13 members. (Jin Shi)
08:56
Several U.S. tech companies are cutting back on AI spending, and Teslas is limiting employees' AI-related expenses
Svmuu News Tesla The company will begin limiting employee spending on AI tools starting on the 6th of this month. Similar measures have also been adopted by several other U.S. tech companies.According to reports, Tesla has issued an internal memo to employees announcing that, effective July 6, each employee’s weekly spending on AI tools will be capped at $200, with any amounts exceeding that limit requiring approval from a supervisor.However, Tesla employees’ use of the Grok model—developed by Musk’s xAI—does not count toward the $200 limit. It is reported that Grok has seen low adoption among Tesla employees, with most still opting to use Anthropic’s Claude. (CCTV Finance)
08:44
AI data center Crusoe plans to raise $3 billion, with its valuation potentially rising to $30 billion
Svmuu News: AI data center provider Crusoe Energy Systems is in talks for a new round of financing worth approximately $3 billion. Upon completion of this round, the company’s valuation is expected to triple compared to the previous round, reaching approximately $30 billion.
Founded in 2018, Crusoe initially started as a crypto-related business before transitioning into an AI infrastructure and data center service provider. It is currently classified as one of the “neocloud” companies—a new type of cloud computing enterprise—focused on providing computing power for generative AI. The company has signed computing power supply contracts with tech giants including Meta and Oracle, and as demand for AI infrastructure surges, its computing power business continues to expand.
Previously disclosed information indicates that Crusoe raised approximately $1.38 billion in funding last year, with a valuation exceeding $10 billion. If this funding round is successfully completed, it will mark another massive capital move in the AI infrastructure sector.
Market observers expect the final valuation for this round to be around $30 billion, but the deal is still in progress and has not yet been finalized. (Reuters)
08:32
Revolut Announces It Will Delist USDT by the End of August, Signaling Tighter Compliance Regulations in Europe
Svmuu News: Digital bank and fintech platform Revolut has notified some users that it will officially delist the U.S. dollar-pegged stablecoin Tether (USDT) after August 31, 2026, and will automatically convert users’ remaining holdings into their underlying fiat currencies at the exchange rate on that day.
According to the official notice, Revolut will suspend USDT purchase services starting July 6 and halt USDT deposits after July 30; at that time, any incoming USDT will be rejected outright.
If users do not sell or withdraw their USDT by the end of August, their holdings will be automatically converted by the system into the account’s base currency. The company attributed this adjustment to “regulatory and risk-related considerations,” but did not specify the exact regulatory framework that triggered the change.
This move reflects how fintech platforms are continuing to tighten access to related assets amid shifting global stablecoin regulatory environments. Previously, trading platforms including Coinbase had already delisted USDT from European markets to comply with the EU’s MiCA regulatory framework.
Revolut has not yet clarified whether this policy applies to all regions, but the company has obtained an EU Crypto-Asset Service Provider (CASP) license, indicating that it is strengthening its compliance-oriented product restructuring. (Cointelegraph)
08:30
Analysis: The high compliance thresholds of the UK FCA’s crypto regulatory framework may pose a key challenge to implementation
Svmuu News: The UK’s Financial Conduct Authority (FCA) officially announced its regulatory framework for crypto assets this week. The framework is widely viewed by the industry as an international approach that emphasizes “access to global liquidity,” but its implementation still faces significant compliance and approval challenges.
Under the new regulations, the FCA allows overseas trading platforms to serve UK users through locally authorized branches and to access global trading infrastructure, thereby avoiding the creation of a closed, domestic liquidity pool. At the same time, stablecoins not issued in the UK may also circulate in the UK market—a stance seen as distinctly different from the regional isolation model outlined in the EU’s Markets in Crypto-Assets Regulation (MiCA). The “Qualified Crypto-Asset Trading Platform” (QCATP) mechanism in the new regulations is viewed as a key structure connecting global exchanges with the UK market and is expected to enhance price efficiency and market depth. However, industry insiders point out that the FCA has not yet clarified which jurisdictions are deemed to offer “comparable regulatory protection,” and this uncertainty may influence companies’ strategic decisions.
Furthermore, rules related to decentralized finance (DeFi) remain unclear, and some industry practitioners are concerned that early proposals may restrict centralized platforms’ access to the DeFi ecosystem, causing the UK to lag behind other jurisdictions in this area of innovation.
On the compliance front, lawyers note that under the new Financial Services and Markets Act framework, the authorization process may be extremely rigorous; historical data shows that the approval rate for FCA anti-money laundering registration applications is less than 15%. The new system will also encompass multi-dimensional regulatory requirements covering consumer protection, capital adequacy, operational resilience, and executive accountability, significantly raising the barriers to entry.
Industry observers believe that, overall, this framework provides an institutional foundation for institutional capital to enter the crypto market; however, whether the UK can truly become a global crypto hub will depend on the certainty of regulatory enforcement and the efficiency of the approval process in the coming months. (CoinDesk)
08:10
Iran Warns Foreign Countries Not to Create a Crisis in the Strait of Hormuz
Svmuu News: British Prime Minister Starmer and French President Macron issued a joint statement on the 3rd, stating that the two countries will cooperate with Oman to ensure the safety of shipping in its sovereign territorial waters. Iranian Deputy Foreign Minister Gari Babadi responded on the 4th, stating that the Strait of Hormuz is not a venue for military displays by non-regional countries, and that Iran opposes any military actions that could affect the security of the waterway. Ghari Babadi responded on social media, stating that as a guarantor of security in the Strait of Hormuz, Iran will remain highly vigilant regarding relevant military developments. Security in the Strait of Hormuz should be jointly maintained by the coastal states, and any actions that create a crisis will result in the relevant parties bearing the consequences themselves. He also emphasized that the aforementioned warning “is serious.” (Xinhua News Agency)
07:41
Tether CEO: The AI industry faces multiple risks of capital misallocation, with a severe mismatch between profit generation and investment cycles
Svmuu News: Paolo Ardoino, CEO of Tether, stated that in the current AI industry, large tech companies are expanding their user bases by subsidizing computing power, but this relies on infrastructure expansion driven by high capital expenditures (CAPEX), and the related assets typically depreciate rapidly within 3 to 5 years.
Paolo Ardoino pointed out that this model is creating multiple structural misalignments, including: a mismatch between token prices and real value, a mismatch between profit cycles and capital investment cycles, a mismatch between the cost of capital and debt maturity, and a trend where open-source AI continues to erode revenue potential.
Paolo Ardoino believes that, under the combined weight of these structural pressures, industry risks are mounting, and he asks, “In such a structure, what could go wrong?”
07:30
Svmuu Evening Brief
1. CryptoQuant: Bitcoin The next bull market may require $1 trillion in new capital;
2. South Korean investors are betting on Chinese AI, snapping up $2.8 billion worth of stocks in half a year: A-share stocks such as Northern HuaChuang and Cambricon are being snapped up;
3. The UXLINK hacker swapped $10.54 million in DAI for 6,001 ETH;
4. Big Brother Ma Ji has once again opened long positions in BTC and HYPE;
5. A man who illegally crossed into Myanmar (including Mawaddy) to participate in telecom fraud—luring victims into investing in cryptocurrency—has been sentenced;
6. SK Hynix plans to pay investment banks a 0.5% base underwriting fee for its ADR offering;
7. Micron Japan launches a chip expansion project worth over $9 billion, betting on demand for high-bandwidth memory for AI;
8. Coinbase Bitcoin The premium index has remained in negative territory for 47 consecutive days, setting a new record for the longest streak of negative premiums;
9. Analysts: Active BTC investors are currently facing losses of around 20% on average, and the cyclical correction continues;
10. Local German banks are accelerating their expansion into crypto trading services, with related offerings expected to launch in the coming months.
07:20
After a whale withdrew 212,500 HYPE tokens from Morpho, they transferred all of them to Coinbase
Svmuu News: According to on-chain analyst Yu Jin, over the past few days, HYPE has rebounded from $60 and reclaimed the $70 mark.A whale reportedly withdrew 212,500 HYPE (worth $15 million) from Morpho about an hour ago and then transferred the entire amount to Coinbase.
07:18
Report: Nearly One Million Investors Have Suffered Cumulative Losses of Over $3.8 Billion in Donald Trump-Themed Tokens
Svmuu News: According to the latest analysis report from crypto analytics firm Nansen, as of the end of June, nearly 1 million investors had incurred cumulative losses of approximately $3.81 billion from investments in meme coins related to Donald Trump.Nansen’s analysis indicates that the trading mechanism for these tokens allows Donald Trump to profit regardless of price fluctuations, as its revenue primarily comes from transaction fees and ongoing market activity. Furthermore, the social media platform Truth Social has amplified trading volume by repeatedly promoting these tokens.
Data shows that during the 2024 campaign, Donald Trump—once a “crypto skeptic”—shifted toward embracing commercial opportunities in digital assets and co-founded the crypto project World Liberty Financial with his children; the $WLFI token issued by the project has also experienced a significant decline.In addition, the TRUMP token, launched a few days before his inauguration, has been described as a “speculative asset lacking practical utility” and has already experienced a significant correction. (The New York Times)
07:10
Stablecoin Market Under Pressure: About $10 Billion in Crypto Capital Flows Out as Market Cap Reaches $3 Trillion; U.S. Stocks Become the Main Destination
Svmuu News: According to monitoring by on-chain analyst Yu Jin, against the backdrop of an ongoing correction in the crypto market, the overall market capitalization of U.S. dollar-pegged stablecoins has fallen by approximately $10 billion from its previous high and currently stands at around $300 billion.Meanwhile, some capital is believed to have flowed into the U.S. stock market, which has demonstrated a stronger wealth effect this year.
The latest quarterly data shows that leading stablecoins have experienced capital outflows to varying degrees:
Tether(USDT): Total supply fell from approximately $189.8 billion to $184.1 billion, with a net outflow of about $5.7 billion
USD Coin (USDC): Total supply fell from approximately $79.6 billion to $73.0 billion, with a net outflow of about $6.6 billion, making it the stablecoin with the largest outflow in this round
Circle, the issuer of USDC, saw its stock price come under pressure, falling from approximately $136 to around $64, as market expectations for its growth have cooled.
In contrast, the stablecoin USD1 recorded net inflows of approximately $500 million during the same period, with its total supply growing from about $4.1 billion to $4.6 billion, making it one of the few assets to grow against the trend. However, this growth is partly believed to rely on interest subsidy incentives from trading platforms—such as campaigns on certain exchanges designed to encourage user holdings and trading activity.
07:09
On Polymarket, the probability that “BLG will achieve the ‘Golden Path’ (Grand Slam)” has risen to 21%, up 8% over the past 24 hours.
According to PPP’s prediction market tracking, the League of Legends MSI (Mid-Season Invitational) World Championship has officially begun. On Polymarket, the probability of the event “Will BLG achieve the Golden Path (Grand Slam)?” is currently reported at 21%, up 8% over the past 24 hours. In today’s MSI match, BLG defeated LCK team T1 with a score of 3-2, advancing to the winners’ bracket of the MSI playoffs. Previously, BLG won the 2026 League of Legends Global Pioneers Tournament.
The rules for this event are as follows: if BLG completes the “Golden Path” this year, the event is deemed “Yes.” This means BLG must achieve the feat of winning all major League of Legends esports tournaments within 2026. In other words, the team’s players must win all regional competitions while participating in all three major international tournaments: the Pioneers, MSI, and the World Championship. The source of this information will be official updates on the League of Legends Esports website. However, reliable reports, such as those on Liquipedia, may also be consulted.
The Svmuu Seer channel continuously monitors prediction markets to spot changes before prices are set.
06:44
"Serenity: Humanoid Robots May Be Reaching a Turning Point in Replacing Human Labor; VCs and Tech Giants Have Already Begun Adjusting Their Strategies"
Svmuu News: Serenity, known as the “White-Haired Stock Guru,” wrote that when she first used ChatGPT in 2023, she thought large language models “performed poorly” in terms of programming capabilities, but three years later, the technology has undergone a qualitative transformation.Modern cybersecurity and AI systems, exemplified by Mythos, have already attained “weapon-class” capabilities. He believes the industry is currently entering a critical “inflection point,” where humanoid robots and automation technologies are approaching the tipping point of large-scale replacement of human labor.
Serenity noted that while there is often skepticism that humanoid robots are currently incapable of performing complex tasks such as plumbing repairs and electrical wiring, the direction of technological evolution is already very clear, and breakthroughs will continue in the coming years.Market participants, including venture capital firms and major tech companies, have already begun adjusting their strategies. Some companies are planning internally to replace a significant portion of their workforce with robots to reduce operating costs, citing previous rumors that Amazon (Amazon) has used robots to cut hundreds of thousands of job openings.
Serenity believes that highly regulated industries such as healthcare, positions requiring extremely specialized skills, and service sectors that rely on human emotional connections may still be somewhat resistant to replacement, but the overall trend continues to point toward a “restructuring of the labor force.”As competition between China and the United States in cutting-edge technology intensifies, humanoid robots and automation may enter a phase of national-level technological competition, and the report suggests that China has already taken the lead in certain areas.
06:31
Hinkal will fully reimburse users' funds, confirming that approximately 797,000 USDC were withdrawn by the attackers and converted into 454 ETH.
Svmuu News: The decentralized privacy protocol hinkal has released an update on a security incident, confirming that an attacker, through a series of transactions, withdrew approximately 797,000 USDC from its Ethereum contract and exchanged it for approximately 454 ETH, of which approximately 410 ETH was subsequently transferred to Tornado Cash,while the remaining approximately 44.67 ETH was transferred via THORChain to the Bitcoin network. The team is currently working with an external security team to track the flow of funds.
hinkal stated that the impact of this security incident is limited to the relevant on-chain pools at Ethereum; other on-chain contracts remain unaffected. However, all contracts have been temporarily suspended for repairs and security verification. All affected users will receive full 1:1 compensation, and the specific compensation process and timeline will be announced in future updates.

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Cryptocurrency Exchanges vs. Hot Wallets: Which Is More Secure and Reliable?

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Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.

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