MintCondition

Wu Shuo learned that Bitwise CEO Hunter Horsley stated that in the 1990s, the internet was still a new thing, and almost every idea seemed feasible, with hundreds of companies valued at $500 million to $1 billion based on potential. By the early 2000s, optimism shattered, and no longer did hundreds of companies receive buy-in; only a few companies that proved their value continued to thrive, and because they were built on verifiable value, they lasted longer and grew larger. Hunter Horsley said this shift is happening in the crypto industry, with fewer winners, but the winners will be built on verifiable value, and their scale and duration will exceed expectations.

Making money in crypto once does not make you a trader. It might just mean you got lucky during a bull run when almost everything was going up and the rising tide was doing the heavy lifting for you.
The real test is what happens when the market turns against you. When your portfolio is down 40% and every chart looks broken and the news cycle is negative and every voice around you is saying get out. What you do in that moment is who you actually are as a trader. One good trade proves nothing. Consistency over time proves everything.
#crypto $BTC #market

CryptoWorld News reports that Polygon announced that its $250 million ZK-EVM will stop operating on July 1. The product was once its flagship Ethereum scaling solution, but it ended operations due to annual losses of more than $1 million. CEO Marc Boiron said the team had already stopped developing the project a year and a half ago.

CoinWorld Network News reports that Zcash founder Zooko Wilcox stated that, at the request of Shielded Labs, the team used Anthropic's Mythos model to conduct a security audit of Zcash and found no new critical protocol vulnerabilities. At the same time, Shielded Labs and other teams are continuing to advance Zcash’s security hardening work.

CryptoWorld News reports that Cointelegraph reports that Anthropic announced today the launch of three new initiatives, alongside policy papers by CEO Dario Amodei, including the establishment of a $200 million AI labor research fund and a $150 million national scholarship program.

According to Bits Media, the European Commission officially submitted the 21st round of sanctions proposals against Russia on June 9th.
The proposal focuses on core areas such as energy, financial services, and crypto networks, aiming to ban transactions with 11 crypto platforms that assist Russia in bypassing Western sanctions (located in Belarus, Georgia, Nigeria, Panama, the United Arab Emirates, and the Marshall Islands).
In addition to the crypto sector, the proposal also expands restrictions on traditional finance, planning to freeze assets of nearly 90 major banks and impose comprehensive trading bans on a total of 35 banks inside and outside Russia.
Currently, the sanctions proposal still requires unanimous approval from all EU member states before it can officially take effect.

According to Crypto in America, the House Ways and Means Committee will hold a hearing on crypto tax reform this week, reviewing seven draft bills on digital asset taxation, including stablecoin transactions, staking and mining taxes, crypto lending, and wash sale rules. Meanwhile, the Clarity Act is still advancing coordination efforts in the Senate. Senator Cynthia Lummis stated that the bill is more likely to go to a full chamber vote after Congress reconvenes on July 13.

CryptoWorld news: the 20B retrieval intelligent agent Harness-1 has been open-sourced. Researchers come from UIUC, UC Berkeley, and Chroma. The model uses an external state architecture, offloading the memory and organization work during retrieval to the environment side, enabling non-frontier-scale models to achieve near state-of-the-art performance in long-range search tasks with very little training data. On 8 retrieval benchmarks covering web pages, finance, patents, and multi-hop question answering, Harness-1 achieves an average filtered recall rate of 0.730—11.4 percentage points higher than the second-best open-source retrieval sub-agent—showing that explicitly modeling retrieval state helps the model learn more transferable search strategies.

🐳 The “Mysterious Whale from ShapeShift” bought 2,078 $ETH for $4.04M.
Now, the whale holds 144,675 $ETH worth $280.83M and is likely to buy more $ETH

BlockBeats message: On June 3, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that Iran’s largest cryptocurrency trading platform, Nobitex, as well as Wallex, Bitpin, and Ramzinex—three Iranian crypto trading platforms—have been added to the sanctions list, and sanctions have been imposed on Nobitex Chairman and Co-Founder Amir Hossein Rad, the current CEO Seyed Ali Khoee, and several co-founders and executives.

The U.S. Department of the Treasury alleges that Nobitex processed over 50% in 2025.

Web3 product 0xPPL, which focuses on the "on-chain super app" positioning, announced the gradual shutdown of its service after 4 years of operation. 0xPPL will disable trading functions on June 6 and completely shut down the app on June 30. The official reminder to users is to export their private keys or transfer all wallet funds before shutdown to ensure continued access to assets and to guarantee the safety of user funds. 0xPPL stated that it originally aimed to create an on-chain super app, but the market it bet on did not arrive within the required timeframe, so it chose to "cleanly shut down" while still properly handling relationships with users, the team, and investors.

CryptoWorld News: Coinbase experienced a major outage lasting approximately 8 hours on May 7, 2026, with full recovery in about 12 hours. A cooling system failure in an AWS us-east-1 availability zone caused EC2/EBS to go offline, affecting multiple services. The matching engine lost a majority of nodes, losing quorum, requiring rebuilding the node group and code adjustments; a hosted Kafka control plane failure prevented automatic election of partition leaders, disrupting quotes and data streams. Recovery was achieved after manual partition migration. Coinbase stated it will enhance cross-region hot standby and disaster recovery drills.