TheProphetOfToast

Crypto news: The EU has sanctioned the Russian network criminal Vitaly Nikolayevich Kovalev (alias Stern), whose criminal group caused global losses of more than $10 billion. Chainalysis data shows that wallet addresses associated with Stern have cumulatively received more than $300 million in ransoms. Stern had transaction links with ransomware ecosystems including Ryuk, Conti, Diavol, Karakurt, Royal, Quantum, and others, and was responsible for budget management, staff recruitment, and formulating attack plans within the Trickbot Group.

CoinWorld news, according to Whale Alert monitoring, 110,000,000 USDT (about $109.92 million) has been transferred to an unknown wallet.

According to a report by chosunbiz, a news outlet called Coinjie.com reported that the global stablecoin alliance Open Standard announced the launch of OUSD, saying that more than 140 companies, including Visa, Mastercard, BlackRock, Samsung Electronics, and Dunamu, are participating. However, Korean companies such as Samsung Electronics, Shinhan Financial Group, Dunamu, and K Bank said they have not formally consulted with Open Standard and are confused by their inclusion on the member list. OUSD adopts an open infrastructure model: participating companies can mint 1 OUSD after depositing $1 into Open Standard’s reserve account, and after returning 1 OUSD, they can redeem $1 from the reserve account.

Market Snapshot | July 2
Bitcoin is back above the $60K mark, showing renewed momentum with a 3.2% gain over the last 24 hours.
🟠 $BTC $60,009 (+3.2%) 🔵 $ETH $1,609 (+3.4%)
Ethereum is also gaining strength, outperforming alongside Bitcoin as the broader crypto market turns green.
Will this momentum continue, or is more volatility ahead?
#PredictWorldCup🇵🇹vs🇭🇷

After reaching a framework agreement to end the war, Lebanese President Aoun met with Army Commander General Haikal to discuss the military's upcoming tasks and listened to Haikal's report on military cooperation during visits to Turkey and the UK. Both sides assessed the security situation based on trilateral negotiations and the framework agreement. Last week, Lebanon and Israel signed a framework agreement mediated by the US, stipulating a phased Israeli withdrawal, starting with two undisclosed pilot areas. The withdrawal is linked to Lebanese army security and disarmament, with no specific timeline set.

CoinWorld News: Elon Musk announced that the x platform is starting to roll out the X Money feature for premium users, and mentioned that Bitcoin will serve 1 billion users.

CoinWorld News: The trader mu, who was previously heavily short, recently reduced their short position by 1,868.58 contracts, roughly equaling $2,234,057.49. Their current position size is $16,630,427.80, with an average price of $774.99. At present, the short position’s current profit and loss is -$5,888,286.52, with a loss ratio of -113.64%. The current price is $1,199.80, and the liquidation price is $1,498.68. This address previously was the largest short in the ZEC crypto market; in the recent period, it has preferred placing high-level short positions in the US stock market, generating over $48 million in profit in the past six months.

CryptoWorld News reports that Bitdeer, a Nasdaq-listed mining company, mined 218.1 BTC this week and sold it all, currently maintaining a zero position.

CryptoWorld News: MGBX will officially launch the dellusdt and ibmusdt perpetual contract trading pairs at 18:00 (SGT) on June 8, 2026, to meet the needs of traders.

Crypto World News reports that, according to Lookonchain monitoring, an on-chain whale is currently losing $78 million on their long position of 120,000 Ethereum (worth approximately $194 million). To avoid liquidation, they deposited an additional $5.84 million in USDC as margin. Their new liquidation prices are $1,414.51, $1,366.11, $1,360.73, and $1,309.53.

CryptoWorld News reports that OpenAI officially ended its Codex double quota promotion, which began in early April, on June 1, while also tightening the quota reset cycle for free and lower-tier subscription users. The reset cycle for the free version and the Go plan has been extended from “weekly” to “monthly,” and the daily available quota has been significantly reduced by nearly 75%. On the same day, the double quota benefits for premium paid users such as Plus and Pro also expired, leaving high-intensity coding groups facing a “quota shortage.” This policy change sparked intense backlash on social media and within developer communities, with users generally saying that daily restrictions have become extremely strict and the user experience has suffered a sharp drop. In addition, developers have questioned the coding stability of the models, believing that OpenAI may be controlling costs by tightening limits and implicitly downgrading model performance.

Mars Finance reports that the general artificial intelligence company VAST has completed two funding rounds, Series A+ and A++, with a total amount of nearly $200 million. Investors include industry players such as Yance Capital and China Life Yangtze River Delta Innovation Fund, as well as financial investors such as Shenzhen Capital Group and Yuan Sheng Capital, with some existing shareholders continuing to co-invest. The funds will be used for talent, algorithm iteration, and data accumulation for AI 3D large models and general world models, and to advance the company’s global market layout and development of the industry ecosystem.