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CryptoWorld News: Kuwaiti military: Iran's attack caused material damage, but no casualties.

Coin Research Network reports that Ethereum (ETH) has fallen below $1,800, causing Tom Lee’s Bitmine (BMNR) to face an estimated paper loss of about $8.9 billion. As the largest corporate holder of Ethereum, Bitmine’s stock price fell another 5.9% on Wednesday, bringing its total decline to 28% since early May. Over the past year, the company has accumulated more than 5.4 million ETH, accounting for about 4.5% of Ethereum’s circulating supply. However, as the price of Ethereum has dropped, the value of these holdings has significantly shrunk, and the current estimated loss is about $8.9 billion. In a recent meeting, Lee said that despite pressure in the current market, he remains optimistic about Ethereum’s long-term outlook and believes it could reach $250,000 in the future.

$SOL
Experts are trained;
Talents are tortured out;
Careers are made through struggle;
Success is forged through perseverance;
Countless people's Achilles' heel is focusing on making money, instead of focusing on their own growth. When you grow, you become valuable! Making money means you chase after money; being valuable means money chases after you! Managing yourself is about managing your own value! Do a good job, and you will be valuable! People without dreams: use their time to witness others' success; ignorant people: don't dare to try themselves and still mock others' dreams! Living, the biggest failure is not falling down, but never daring to try and run!
----To all those who are working hard and moving forward!

$BTC Everything went as expected, peaking at 74.2k before dropping back down, almost touching the 70k price. I think the current market trend may follow the pattern in the chart below: after touching 70k, it consolidates without breaking below 70k, accumulates at the 70k price for a few days, then rises to 73k-74k, followed by a rapid drop below 70k to 68-66k. If the market is weak, it will fall through 70k in one go. If this idea is invalid, then the best method to shake out the weak hands is to break below 70k, causing a large number of short positions to chase, leading to a market rebound to 73k, and then continuing to fall!

CoinShares Weekly Report states that global digital asset net outflows last week totaled $1.67 billion, marking three consecutive weeks of outflows and the second-largest weekly outflow since 2026. Bitcoin and Ethereum experienced net outflows of $1.44B and $257 million respectively, with assets under management (AuM) decreasing to $141 billion. The U.S. market saw net outflows of $1.63 billion. Only five altcoins experienced net inflows, with XRP, Hyperliquid, and NEAR recording inflows of $20.3 million, $10.8 million, and $7.6 million respectively.

Lidman plans to acquire a 70% stake in Beijing Xiansheng Xiangrui Biological Products Co., Ltd. from certain shareholders through cash payment, gaining control of the other party upon completion of the transaction. It is expected to constitute a major asset restructuring, not involving share issuance, nor constituting related-party transactions or a change in control. Currently, both parties are working on plan adjustments, which still require approval from the board of directors, shareholders' meeting, State-owned Assets Supervision and Administration Commission, China Securities Regulatory Commission, and others, and there is uncertainty.

Standard Chartered Group states that Ethereum's current price has fallen to approximately $1,980, down 4-5% within 24 hours, triggered by market sell-offs due to tensions between the US and Iran, with a market cap roughly evaporating $80 billion. Despite ETF fund outflows and market sell-offs, Standard Chartered remains optimistic about Ethereum, targeting a price of $4,000 by the end of 2026. Kendrick said that the weak price does not reflect network indicators, with on-chain activity and locked assets approaching historical highs; the stablecoin market is expected to reach $2 trillion by 2028, with Ethereum currently supporting about 54% of stablecoins.

Mars Finance News, according to Jinjishi, Federal Reserve Vice Chair Jefferson stated that not only should we communicate, but we must also take action to make the public understand our intention and commitment to bring inflation back to the 2% target, which is very important.