GasFeeGambit

This congressman is pretty badass—he’s bold enough to directly call for the Wash to review the issue of Trump’s crypto income, and he even presented Trump’s 900-page income report, so the Wash should take a good look at it 😂!
He also brought up prediction markets, directly pointing to the Trump administration repeatedly carrying out insider trading in prediction markets. 😅

Wu said he learned that Extended has regained control of the Discord server. Previously, a fake notice saying “EXT token claiming is now open” appeared in the server; the official emphasized that no TGE has been conducted yet and there is no EXT token claiming. Extended reminded users not to connect to any related websites, sign messages, or authorize transactions. Users who have interacted with malicious websites should immediately revoke token approvals, transfer assets, and treat the original wallet as compromised. Any future information about airdrops, TGE, or token claiming will only be published through the official X account.

CoinDesk news: A security researcher captured traffic from Grok Build CLI 0.2.93 and found that the programming agent uploads the entire current Git repository to the cloud, including all Git tracking files and the complete commit history. The researcher asked Grok to “do not read any files,” but it still reconstructed bait files that had not been opened from the uploaded package. When testing a 12GB repository, before it was stopped, 5.5GB of data had already been successfully uploaded. If Grok reads the .env file, its API keys and database passwords also enter the model requests and session archives as-is. After turning off “improve the model,” the full-repo upload still continues. XAI’s official documentation only states that prompts and file contents are sent to cloud inference, and does not mention any additional upload of the entire repository.

Coin Journal news: The 00s trader 0xray recently increased his BTC long position by 50.02 BTC, worth about $3,217,622.19. His total position size has reached $6,981,399.09, and his average entry price has been adjusted from $64,185.10 to $64,200.40. Currently, the long position’s unrealized profit/loss is +$3,865.94 (+0.55%), with the current coin price at $64,235.97 and the liquidation price at $53,845.52. 0xray is a well-known 00s crypto trader on X. When he first opened positions on the HyperLiquid platform, his floating profit within the month once exceeded $6 million. Recently, his trading focus has gradually shifted from crypto assets to on-chain stock derivatives.

Wu Says learned that, according to SoSoValue data, yesterday (July 8, U.S. Eastern Time) saw a total net outflow of $84.86 million from Bitcoin spot ETFs. Ethereum spot ETFs recorded a total net inflow of $70.47 million, marking the 5th consecutive day of net inflows.

Wu Says it has learned that Li Bojie, former Huawei “genius boy” and chief scientist at Pine AI, and Du Jun, co-founder of the crypto venture capital firm ABCDE Capital, have had a public dispute over investment performance issues related to the AI Agent project Metagent. Du Jun said that after Li Bojie received an investment from ABCDE Capital, he failed to fulfill post-investment obligations such as providing updates on business progress and financial status, and at one point was unreachable. Li Bojie responded that the investment agreement specified an investment amount of 1.5 million USD, but in reality only 500,000 USD was received; the remaining 1 million USD never arrived, and the company’s cap table still records the 1.5 million USD share, which has affected subsequent hiring and R&D. The specific circumstances still need to be determined based on the agreement documents and further responses.

Coin World News, Bitcoin (BTC) is currently priced at $62,791.53, down 28% year-to-date. Bitcoin's 365-day rolling Sharpe Ratio fell to -21 at the end of June, the lowest since 2022, and has recently been hovering around -20. This deeply negative value indicates that Bitcoin investors have endured additional market volatility during this period while earning returns far lower than those of risk-free investments (such as 10-year U.S. Treasury bonds). The Sharpe Ratio is calculated by subtracting the risk-free rate from the asset's total return, then dividing the result by the asset's standard deviation (a measure of price volatility). A positive Sharpe Ratio means investors are rewarded for taking on volatility risk, while a negative value indicates they are penalized.

Moonbeam will relaunch on Base, with GLMR migrating 1:1 to Base's ERC-20 GLMR, and will introduce the Moonbeam Protocol for AI Agents as a decentralized communication and settlement network.
The migration deadline is 2026-07-31. Assets on the Moonbeam chain must be bridged to Base. Before bridging, please withdraw DeFi assets such as liquidity, lending, and staking. If assets remain in on-chain protocols, they may become inaccessible.
GLMR held on centralized exchanges requires no action, as the exchanges will automatically complete the migration.

CoinJie.com news: Michael Saylor said he will continue to buy Bitcoin during periods when the Bitcoin price declines. In the past 15 years, Bitcoin has seen 15 major pullbacks. The current pullback is considered a natural deleveraging process for the asset, typically occurring every 6 months to 1 year, and he has already experienced 5 large-scale pullbacks. He believes the decline is temporary.

CryptoWorld News reports that the well-known MEV bot address ae13 was exploited by hackers through an automated execution system vulnerability, resulting in losses of over $7.5 million. ae13 posted a message on the blockchain stating that if the hacker returns 2,150 ETH within 48 hours to that address, ae13 is willing to pay a 50% white-hat bounty; otherwise, it will take all feasible legal and law enforcement actions to pursue accountability.

GoPlusSecurity warns that active cryptocurrency clipboard hijackers from February 2026 onward, combined with clipboard theft, wallet address replacement, and worm propagation, can achieve long-term access and control over infected devices.
The attack is distributed via malicious USB, monitoring new USB devices and creating malicious shortcuts; placing double-obfuscated JavaScript payloads in c:\users\public\documents\ and setting up scheduled tasks; communicating with renamed Tor clients and .onion domains; monitoring clipboard for mnemonics and private keys and exfiltrating them, while also taking screenshots; supporting multiple wallet address formats for replacement, with replaced addresses similar to the original, making detection difficult.

CryptoWorld News, reported by 99bitcoins, Strategy’s perpetual preferred stock STRC fell 3.58% on Tuesday, closing at $91.79, near its historical low and 8.2% below the $100 face value. This drop indicates a direct conflict between Michael Saylor’s Bitcoin treasury accumulation strategy and the company’s cash obligations to preferred shareholders. Although the company emphasizes that its nominal scale is growing at an annualized rate of about 350%, the market is clearly pricing in this conflict. Bitcoin has dropped 2.5% over the past 24 hours and is currently trading slightly below $65,000, with key support levels at $64,000-$65,000. If Bitcoin breaks below this level, it will lose most of its short-term gains.

CryptoWorld News reports that MicroStrategy has announced an additional purchase of 1,587 Bitcoins, bringing its total holdings to 846,842 coins. The company's CEO, Michael Saylor, stated that this year alone, they have bought 174,345 Bitcoins, a 2.4-fold increase compared to the same period last year. Bitcoin ranking: 100.

CryptoWorld News reports that the HYPE short position has increased by 21,699.81 ZEC, worth approximately $2,067,433.34. The current position size is $30,707,856.02. The average price has been adjusted from $53.94 to $54.02. The current profit and loss is -$1,499,120.75, with a loss margin of -24.41%. The current coin price is $56.79, and the liquidation price is $97.40. This address opened a short on ZEC starting at $184, once floating at a loss of $21 million, then turned profitable, and recently became the largest long position in the S&P 500, with a size exceeding $70 million.

CryptoWorld News reports that, according to on-chain analyst Yu Yan's monitoring, after a certain address withdrew 8 million STG tokens (approximately $2.2 million) from Gate, the price of STG increased by over 40%.
After STG was acquired by ZRO, it can only be exchanged unidirectionally for ZRO, at a fixed ratio of 1 STG = 0.08634 ZRO.
The current ZRO price is $0.84, and based on this ratio, the implied price of STG should be around $0.07, but the current STG price is $0.36.

Bahrain’s Ministry of Interior announced on the 6th that air-raid alerts have been sounded nationwide. The public is urged to stay safe nearby and to follow official channels. Kuwait also sounded alarms. The military said air-defense forces are intercepting enemy missiles and drones, and that the explosions were caused by the interceptions. U.S. Central Command said it had shot down 4 attacking drones launched toward the Strait of Hormuz, and carried out airstrikes on radar stations along the coast near Iran’s Goruk region and on Kish Island. Iranian media reported explosions early in the morning around the Strait of Hormuz along the Sirik coast. After U.S. forces previously carried out strikes against Iranian targets, Iran launched retaliatory attacks on U.S. military bases in Kuwait, Bahrain, and other places.