Author: Deep Tide TechFlow
Yesterday's Market Dynamics
US Media: Iranian Source Confirms Contact Between Sides, But Not Yet at Level of Comprehensive Negotiations
According to CNN, an Iranian source stated that there has been "contact" between the US and Iran, and Iran is willing to listen to "sustainable" proposals aimed at ending the war. The source said: "In recent days, contact between the US and Iran, initiated by Washington, has indeed existed, but it has not yet reached the level of comprehensive negotiations. Both sides have received messages through various intermediaries to explore whether an agreement to end the war can be reached." They added: "The proposals currently under review aim not only for a ceasefire but for a specific agreement to end the US-Iran conflict."
The source did not disclose further details. The source declined to comment on Trump's public statements regarding negotiations and emphasized that Iran's position has been consistent, namely that Tehran is prepared to consider any feasible proposal. The source stated: "Iran has not requested a meeting or direct dialogue with the US, but if a sustainable agreement that safeguards Iran's national interests emerges, Iran is willing to listen." The source also insisted that any proposal must include the lifting of all sanctions imposed on Iran.
US Media: US Justice Department Admits Lack of Evidence in Powell Investigation
According to The Washington Post, court records show that a senior aide to US Justice Department official Jeannie Pirro admitted during a closed-door hearing this month that the Justice Department had no evidence of misconduct in its criminal investigation into Federal Reserve Chairman Powell regarding the renovation costs of the Fed building.
CPC Central Committee Issues "Regulations on Honest and Clean Practice for Leaders of State-Owned Enterprises": Prohibits Accepting "Virtual Currency" and Other Assets
According to People's Daily, the General Office of the CPC Central Committee and the General Office of the State Council recently issued the "Regulations on Honest and Clean Practice for Leaders of State-Owned Enterprises." Article 7 explicitly prohibits leaders of state-owned enterprises from using their power or position to seek personal gain, specifically including: accepting gifts, cash, and virtual currency from affiliated enterprises; buying or selling houses, vehicles, etc., at unfair prices to indirectly receive assets; benefiting from investments in securities and futures without capital contribution; engaging in power-for-money transactions through anonymous shareholding or nominee shareholding; obtaining large returns through private lending and other financial activities; using inside information or trade secrets of the enterprise for personal gain; embezzling or illegally possessing or misappropriating enterprise assets; and pocketing discounts, intermediary fees, rewards, returned assets, etc. Violators will be dealt with according to regulations, discipline, and law.
Backpack Responds to Sybil Judgment Controversy: Launches Appeal Channel, Will Return Points and Initiate Token Buyback Compensation
According to Backpack team member Claire, in response to recent user disputes over Sybil account judgments, Backpack has established appeal rules and plans to launch a token buyback compensation scheme.
Backpack co-founder Armani and the core team announced the immediate opening of an appeal channel and proposed "Criterion No. 3": Users judged as Sybils who operated no more than three accounts on a single device will, upon verification through manual appeal, have more than 50% of their points returned. Additionally, the Backpack team will launch a special plan in the coming days to conduct a token buyback on the secondary market, with the acquired tokens being used to compensate eligible users meeting the above conditions.
Claire stated that the Sybil judgment had a relatively concentrated impact on Chinese-speaking users, as the European and American teams adhere to a "one person, one account" compliance baseline, while the usage habits of Chinese-speaking users differ from this standard. It is reported that members of the Chinese regional team had in-depth communication with the European and American teams to promote the implementation of the aforementioned appeal and compensation mechanisms.
Resolv Proposes Settlement to Attacker in the Early Hours: Return 90% of Funds to Keep Approximately $2.5 Million Incentive
According to Resolv Labs news in the early hours of this morning, regarding the vulnerability attack that led to the unminted creation of approximately 80 million USR, the Resolv team has sent an on-chain message to the attacker's address, formally proposing a settlement.
Specific terms are as follows: The attacker must return 90% of the converted funds (approximately $25 million worth of ETH equivalent) to a designated recovery address and may keep the remaining 10% as a settlement incentive; simultaneously, they must cease all subsequent operations involving the stolen funds and transfer all USR under their control to the same address. The above requirements must be completed within 72 hours of this announcement.
The Resolv team stated that if the attacker fails to cooperate within the specified period, escalated measures will be taken, including coordinating with centralized exchanges, cross-chain bridges, and infrastructure service providers to freeze related assets, publicly disclosing the attacker's address and transaction tracking information, involving blockchain analysis agencies and law enforcement departments, and pursuing legal avenues for loss recovery. The investigation is ongoing.
Ethereum Foundation: Shifts L2's Positioning from "Scaling Tool" to "Customized Service Provision Layer"
According to a post on the Ethereum Foundation's official website, it systematically elaborates on the collaborative development framework between L1 and L2. The article points out that the core positioning of L2 has shifted from an early "scaling tool" to a "layer providing differentiated functions and customized services," while L1 should focus on becoming a permissionless, highly resilient global settlement, shared state, liquidity, and DeFi hub.
Regarding recommendations for L2, the article requires L2 to at least meet Stage 1 security standards and pass the "exit test"; L2s pursuing the closest integration with L1 should advance to Stage 2 and achieve synchronous composability and a native rollup mechanism.
The Ethereum Foundation stated that it will continue to advance L1 scaling and blob expansion to increase throughput without sacrificing decentralization; simultaneously, it will invest in R&D to support the implementation of native rollup technology and collaborate with L2Beat to enhance the transparency and verifiability of L2 security attributes. The article emphasizes that the mutually beneficial relationship between L1 and L2 is the core premise for the sustainable development of the Ethereum ecosystem.
Bitlayer ($BTR) Plunges 80% in a Single Day, Suspected of Concentrated Selling by Bithumb
According to on-chain analyst余烬 (@EmberCN) monitoring, Bitlayer ($BTR) plummeted 80% starting yesterday afternoon, with the price dropping from $0.2 to $0.04. On-chain data shows that within a day, 41% of the circulating supply (approximately 140 million) of $BTR flowed into the Bithumb exchange, with Bithumb suspected to be the main spot dumping ground or price manipulation site.
ZachXBT: Circle Freezes USDC Balances in 16 Business Hot Wallets, Related to an Undisclosed US Civil Lawsuit
According to "on-chain detective" ZachXBT, Circle recently froze the USDC balances in 16 hot wallets belonging to various businesses. It is reported that this freeze stems from a US civil lawsuit whose details have not been publicly disclosed, with the information confirmed directly to ZachXBT by one of the affected businesses.
ZachXBT believes that these wallets, involved in businesses such as exchanges, casinos, and forex, have no obvious connection to each other, questioning whether Circle sufficiently reviewed the freeze requests; and stated that the related wallets are operational hot wallets used by businesses to handle a large volume of user transactions, and the freeze has already affected their daily operations.
Tether Hires Big Four Accounting Firm to Complete First Full Audit
According to an official Tether announcement, Tether announced it has formally signed an agreement with a Big Four accounting firm to initiate its first-ever full independent financial statement audit. This audit is considered the largest first audit in the history of financial markets, covering complex asset structures including digital assets, traditional reserves, and tokenized liabilities. The current USD₮ market capitalization exceeds $184 billion, with over 550 million global users.
Tether stated that this audit aims to go beyond the industry's commonly adopted "Attestation" standard and move towards a full audit to prove that USD₮ is fully backed, sufficiently liquid, and that risk management meets international first-class standards. Tether CEO Paolo Ardoino said, "Trust is built on actions, not promises. This audit represents the result of years of systematic strengthening work."
Robinhood Approves $1.5 Billion Stock Buyback Plan, Expected to Be Executed Over Approximately Three Years
According to Bloomberg, Robinhood Markets announced the approval of a new stock buyback plan, authorizing the company to repurchase up to $1.5 billion of its own shares, expected to be executed over approximately three years. Robinhood's stock price has fallen 39% cumulatively since early 2026, and the company sees this as a buying opportunity.
The Information: SpaceX Plans to File IPO Application as Early as This Week
According to The Information, SpaceX plans to file an IPO application as early as this week.
Market Dynamics
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