PA Daily | Kimi K3 demand surges due to constrained compute capacity, so new subscriptions have been paused; US stock “hot stock caller” Serenity’s account withdrew 49.4%, nearly halving, but it’s only profit narrowing

Top News Briefing Today:

MIIT: China’s humanoid robot complete-unit products reached over 400 in the first half of the year, more than half of the global total

Kimi: Pausing new subscriptions to protect the experience for existing users

PeckShield: Allbridge Core losses of about $1.65 million; the attacker moved funds from Solana to Ethereum

Vitalik: Demo version of an audited anonymous bulletin board has been developed on Aztec

Cross-chain bridge Allbridge Core attacked; losses may exceed $1.1 million

Bitvavo withdraws 3.89 million LINK from Coinbase Prime, worth about $32.59 million

Data: Tokens including ZRO, KAITO, and H will see large unlocks next week; ZRO unlock value exceeds $20 million

Crypto KOL Ansem buys PUMP

Regulation & Macro

MIIT: China’s humanoid robot complete-unit products reached over 400 in the first half of the year, more than half of the global total

Data from the Ministry of Industry and Information Technology shows that in the first half of the year, China’s intelligent robot industry accelerated its growth. Four-legged robots accounted for nearly 70% of the global sales share, humanoid robot complete-unit products reached over 400 units, exceeding half of the global total. A group of global unicorn companies has emerged in areas such as artificial intelligence and semiconductors, contributing China’s solutions to international standard development and industrial governance.

David Sacks criticizes using regulation to manufacture FUD and suppress open-source AI competition

David Sacks, co-chair of the U.S. President’s Council of Advisors on Science and Technology, criticized the use of regulation to manufacture FUD and suppress open-source AI competition. He said that if the government forces regulated companies to give up using Chinese open-source models through regulatory guidance lacking sufficient basis, it would harm the rule of law and set a dangerous precedent for future regulatory abuse. Regulatory decisions should be based on facts, logic, and evidence. Current AI policy has entered a critical phase, and leading closed-source model providers are trying to weaken open-source competition with the help of government power. He called on Silicon Valley to support open competition.

Trump confirms he will attend the World Cup final at 3:00 a.m. on the 20th; U.S. initiates highest-level security

The U.S.-Canada-Mexico World Cup final will be held at 3:00 a.m. on July 20 at MetLife Stadium in New Jersey, New York. U.S. President Trump confirmed his attendance to watch. The U.S. side has launched a “Level One” special security operation. F-16 fighters, military snipers, and thousands of FBI agents will be deployed at the scene. Temporary flight restrictions and no-fly zone controls will be implemented in the New York and New Jersey areas. On the day of the match, roads around the stadium will be subject to traffic control. Fans are required to arrive at least four hours before kickoff, and media must complete entry and security checks before 12:30 p.m. Eastern Time on the 19th.

South Korea releases won internationalization roadmap: to issue won-denominated stablecoins and plan to start tokenization of government bonds as a pilot next year

The South Korean government released a “won internationalization roadmap” to push the won toward a transition to a freely convertible currency and build an offshore won settlement network. The Bank of Korea will launch an “offshore won settlement network” (tentative name), expected to begin trial operations in September this year and formally start in January next year. It will also build digital-asset payment infrastructure to lay the foundation for the issuance, distribution, and trading of won-denominated stablecoins, and plans to launch a tokenization pilot of government bonds linked to the CBDC next year. South Korea will also officially join the cross-border digital payments project “Agora,” led by the Bank for International Settlements.

U.S. Department of Justice rules downloading TikTok on federal devices is no longer illegal

The U.S. Department of Justice this week ruled that the federal law previously banning the installation of TikTok on federal government devices no longer applies to the version currently provided in the U.S. The law was originally targeted at TikTok and subsequent applications owned by ByteDance and its affiliated entities. The DOJ’s Office of Legal Counsel said that what Congress banned at the time were versions with the same “problematic ownership characteristics.” Whether TikTok is allowed on official government devices is now up to each federal agency; agencies can still independently prohibit downloads based on employee management considerations such as work efficiency.

Project Updates

Aurora mainnet has resumed block production

Data from the Aurora browser shows that the Aurora mainnet has resumed block production. Previously, the mainnet stopped running at 10:16:11 (UTC+8).

Kimi: Pausing new subscriptions to protect the experience for existing users

Kimi K3 saw a surge in demand over the past 48 hours; GPU compute power is approaching the capacity limit. It has paused accepting new subscriptions to prioritize the experience of existing users. Service for current subscribers is not affected. The official team is accelerating scaling and will open new subscription slots in batches. The membership system will be split into “Kimi Membership” for Web, App, and Work scenarios, and “Kimi Code Membership” for code workflows, to more precisely match compute resources.

“Fat Penguin” Pudgy Penguins plush toy Pengu launches in all U.S. Target store toy sections

NFT project Pudgy Penguins announced that its plush toy Pengu has officially launched in the toy sections of all Target stores in the United States. Previously, its trading card game Vibes Series 3 entered sales in Target’s all-channel stores.

PeckShield: Allbridge Core losses of about $1.65 million; the attacker moved funds from Solana to Ethereum

PeckShield monitoring shows that cross-chain bridge protocol Allbridge Core was stolen of about $1.65 million; the attacker transferred funds from Solana to Ethereum.

Vitalik: An audited anonymous bulletin board demo has been developed on Aztec

Vitalik said on Farcaster that he has developed an “audited anonymous bulletin board” experimental demo on Aztec through Vibe Coding. Users can deposit ETH on the L1 layer, post messages anonymously on the L2 layer, and then withdraw the ETH back to the L1 layer. All posts are fully anonymous: public-calling data does not show the sender’s address and is not linked to L1 deposit accounts. The project is still in an early stage, but it can enable some interesting and unusual functions.

Hyperliquid: HIP-4 will be deployed permissionlessly first on the testnet; staking 500k HYPE enables market deployment and a maximum 50% fee split

Hyperliquid said that HIP-4 will support permissionless deployment in a future network upgrade; it will be done on the testnet first, then the mainnet. The staking requirement for HIP-4 deployers is 500k HYPE. If the market definition is unclear, settlement does not conform to the template rules, or it has not been settled for over one week, the staking will be deducted via validator voting. Staking is locked for 6 months; unstaking requires settlement of all markets. Deployers can set a fee split of up to 50%. A fee configuration feature will be released later. Only AQAv2 quote tokens are eligible to participate in HIP-4. The above specifications are a preliminary proposal and may change based on feedback.

Cross-chain bridge Allbridge Core attacked; losses may exceed $1.1 million

Cross-chain bridge protocol Allbridge Core suffered a security incident. The official team has paused the protocol for investigation and advised users holding affected liquidity pools to withdraw funds immediately. The incident caused an imbalance in the liquidity pool, creating a temporary arbitrage opportunity. The official team urged arbitrage users to return the funds to compensate affected liquidity providers. Separately, Onchain Lens monitoring indicates losses have exceeded $1.1 million.

Aurora mainnet stopped running for nearly 30 minutes

Onchain Lens monitoring shows that the Aurora mainnet stopped running for nearly 30 minutes starting at 10:16:11 (UTC+8).

Opinions & Analysis

Analyst: Bitcoin in August may dip to $50k, with a real bottom forming in October

Analyst Noname predicts that Bitcoin this quarter will not bottom out; after a period of sideways consolidation, it may break downward first. His forecast: July—false stability, a bear-market trap rebound; August—the real breakdown begins, with the first test of the $50k area; September—ongoing pressure, forming a W-shaped bottom structure; October—the real bottom, an accumulation zone; November—signs of recovery and a bottoming rebound; December—the first break above the $100k level since the bear market.

Crypto KOL Ansem buys PUMP

Crypto KOL Ansem bought PUMP around $0.001675. He believes Pump.fun still generates $30 million to $40 million in monthly revenue during the bear market. If Solana once again dominates retail activity in this cycle, Pump.fun is likely to become a beneficiary. If the team carries out large-scale airdrops (for example, over 300 million), it could boost trading volume, attention, and platform activity. Pump.fun and Hyperliquid and Polymarket are among the most profitable crypto protocols to compete with; the team holds a large amount of tokens that are just starting to unlock. The business core centers on retail speculation, giving the team incentives to push token performance. During the token sell-off wave in the unlock period, the token’s value may fail at the $0.0014 low point.

Analyst: Stablecoin outflows over $2.3 billion in 30 days for Binance and Bybit; Bitcoin liquidity is drying up, and market sentiment is bearish

CryptoQuant analyst Darkfost said that Binance and Bybit’s stablecoin outflows in the past 30 days totaled more than $2.3 billion, and Bitcoin liquidity has dried up. Bitcoin has tested the $60k key level for nearly 165 consecutive days; although it broke above $80k in May, it failed to hold. New liquidity inflows are lacking. Exchange stablecoin reserves have almost continuously declined since the start of the year; in just the past 30 days, Binance lost $1.55 billion and Bybit lost $786 million. Reserve declines reflect weakening demand and liquidity. Investors are more inclined to withdraw stablecoins or exit the market, and bearish sentiment continues to deprive Bitcoin of the resources needed to break out from its consolidation range.

Key Data

Bitcoin spot ETF net inflow last week: $75.67 million; BlackRock’s IBIT leads with $204 million net inflow

During the trading days last week (July 13 to July 17, Eastern Time), Bitcoin spot ETFs saw net inflows of $75.67 million. The largest net inflows came from BlackRock’s IBIT: weekly net inflows of $204 million, with total historical net inflows of $60.49 billion. Grayscale’s mini trust BTC saw net inflows of $500k, with total historical net inflows of $2.56 billion. The largest net outflows came from Fidelity’s FBTC: weekly net outflows of $181 million, with total historical net inflows of $9.97 billion. As of the time of writing, total net asset value of Bitcoin spot ETFs is $77.74 billion, ETF net asset ratio is 6.04%, and cumulative historical net inflows are $51.35 billion.

U.S. stock “signal-call king” Serenity account drawdown: -49.4%, nearly cut in half, but it’s mainly profit narrowing

On-chain analyst Ai Yi monitored that Serenity, the U.S. stock signal-call “king,” disclosed an account drawdown of 49.4%. Compared with its peak, it is nearly halved, but because it entered early, it is likely only that profits are narrowing. Most of Serenity’s stocks are concentrated in AI bottleneck and constrained sectors, mostly small-cap stocks; this drop is a direct blow. Serenity said he can tolerate higher volatility and predicts a revenue turning point in the second half of 2027.

Circle CEO Heath Tarbert has sold over 360k shares of CRCL since last June, cashing out $30.76 million

SEC Form 4 shows that since June 2025, Circle CEO Heath Tarbert sold stock and exercised options through stock sales and options exercises, selling 361,967 shares of CRCL stock (in 10 transactions), cashing out approximately $500k. He still holds 494,569 shares of Circle stock, valued at about $29.90 million (based on a stock price of $60.46).

Data: Tokens including ZRO, KAITO, and H will see large unlocks next week; ZRO unlock value exceeds $20 million

Token Unlocks shows that next week multiple projects will have large token unlocks: ZRO unlocks about 25.71 million tokens (about $20.90 million), KAITO unlocks about 17.60 million tokens (about $16.00 million), H unlocks 266 million tokens (about $15.50 million), XPL unlocks 88.89 million tokens (about $7.30 million), SOSO unlocks 23.46 million tokens (about $6.90 million), APR unlocks 31.88 million tokens (about $6.80 million), SOON unlocks 20.24 million tokens (about $3.30 million), MBG unlocks 27.15 million tokens (about $3.30 million), UDS unlocks 2.15 million tokens (about $2.40 million).

Bitvavo withdraws 3.89 million LINK from Coinbase Prime, worth about $32.59 million

Onchain Lens monitoring shows that Bitvavo withdrew 3.89 million LINK (about $32.59 million) from Coinbase Prime and transferred it to a new wallet.

A mysterious whale creates a new wallet and bets $1.95 million that Spain will win the 2026 World Cup; profits of $1.35 million within hours

Lookonchain monitoring shows that a mysterious whale created a new wallet 10 hours ago and bet $1.95 million with odds of 59.1% that Spain will win the 2026 World Cup. As Spain won, the whale earned $1.35 million within a few hours.

BANK Foundation allegedly transferred 84 million BANK tokens to Aster

On-chain data shows that 84 million BANK tokens were transferred from the BANK Foundation Wallet to a new address, and then into Aster’s deposit address. The BANK token price has surged more than 3x over the past few days; it is currently around $0.16. Market volatility is high; investors should pay attention to risk control.

A whale added to its BTC long position up to $108 million; currently at 40x leverage with unrealized profit of $1.38 million

On-chain analyst Yu Jin monitored that a whale continued adding to its position 50 minutes ago, setting its BTC long exposure to $108 million (1,662.5 BTC). Its average long entry price is $63,958. Currently it has unrealized profit of $1.38 million at 40x leverage, with a liquidation price at $63,142.

Abraxas Capital deposits $3 million USDC to Hyperliquid, increasing its BTC and ETH short positions

OnchainLens shows that Abraxas Capital deposited 3 million USDC to Hyperliquid and again increased its short positions by 796.4 million BTC (about $51.50 million) and 316,400 ETH (about $59.20 million). Since the last disclosure two days ago, its BTC and ETH short positions have both increased materially.

An address opens a CXMT TWAP short position worth about $50k

Address 0xf29…41244 opened a CXMT (ChangXin Storage) TWAP short position of about $50k on Hyperliquid. It plans to sell 300k CXMT tokens. The order’s opening average price is $7.1825; if fully filled, it will become the second-largest large position on the platform for CXMT. So far, this TWAP order has only filled about 1.14%; the related account margin is about $15 million.