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On June 24, stablecoin protocol Cap Labs announced that the token CAP will officially launch on June 26. The total supply of CAP is 10 billion, with an initial circulating supply of 15.60% (5% allocated to ICO, 10% to the ecosystem, and 0.6% to market makers). Private investors, project teams, and Echo community sales will begin unlocking their allocations 12 months after the Token Generation Event (TGE), with 25% of the allocation unlocked on the one-year anniversary of the TGE, followed by monthly linear vesting over three years. Uniswap CCA participants will be able to exchange rCAP for CAP. In the CAP token economic model, 47.45% is allocated to the ecosystem and community, with private investors and project teams each receiving no more than 20%, ICO accounting for 5%, Private TVL Deals for 3.75%, Echo community sales for 3.28%, and market makers for 0.52%.

[Cap Labs: Token CAP to Launch on June 26, Initial Circulation at 15.6% of Total Supply]On June 24, stablecoin protocol Cap Labs announced that the token CAP will officially launch on June 26. The total supply of CAP is 10 billion, with an initial circulating supply of 15.60% (5% allocated to ICO, 10% to the ecosystem, and 0.6% to market makers). Private investors, project teams, and Echo community sales will begin unlocking their allocations 12 months after the Token Generation Event (TGE), with 25% of the allocation unlocked on the one-year anniversary of the TGE, followed by monthly linear vesting over three years. Uniswap CCA participants will be able to exchange rCAP for CAP. In the CAP token economic model, 47.45% is allocated to the ecosystem and community, with private investors and project teams each receiving no more than 20%, ICO accounting for 5%, Private TVL Deals for 3.75%, Echo community sales for 3.28%, and market makers for 0.52%.

Cap Labs: Token CAP to Launch on June 26, Initial Circulation at 15.6% of Total Supply

On June 24, Tools for Humanity, co-founded by OpenAI CEO Sam Altman, initiated two investigations led by external law firms, focusing on improper use of funds by executives and potential violations in its Thailand operations. Executives are accused of approving payments of millions of dollars to a foreign company, which were not for normal business purchases or service fees, but rather to artificially inflate the market price of their cryptocurrency Worldcoin. Additionally, the Thai partner of Tools for Humanity is reportedly a suspect in an international 'pig butchering' scam. Meanwhile, regulatory authorities in multiple countries have raised serious concerns about Tools for Humanity's iris scanning and data collection methods.

[Tools for Humanity Executive Accused of Misappropriating Funds]On June 24, Tools for Humanity, co-founded by OpenAI CEO Sam Altman, initiated two investigations led by external law firms, focusing on improper use of funds by executives and potential violations in its Thailand operations. Executives are accused of approving payments of millions of dollars to a foreign company, which were not for normal business purchases or service fees, but rather to artificially inflate the market price of their cryptocurrency Worldcoin. Additionally, the Thai partner of Tools for Humanity is reportedly a suspect in an international 'pig butchering' scam. Meanwhile, regulatory authorities in multiple countries have raised serious concerns about Tools for Humanity's iris scanning and data collection methods.

Tools for Humanity Executive Accused of Misappropriating Funds

On June 24, the Cardano ecosystem project SecondFi announced on social media that the team has identified the root cause of a recent security incident. The issue originated from their own Cardano network wallet generation software. The team has completed on-chain analysis to determine the extent of the impact. They are currently collaborating with a leading blockchain security company to conduct an independent technical assessment to verify their findings. The estimated overall impact is approximately 16 million ADA, and they are continuing to address related operational issues while committing to support affected users. In this regard, SlowMist founder Yu Xian stated that based on the funds from the hacker addresses assessed behaviorally, the theoretical losses for SecondFi users should exceed $20 million (over 129 million ADA and other tokens were stolen).

[SlowMist: SecondFi Theft May Exceed $20 Million]On June 24, the Cardano ecosystem project SecondFi announced on social media that the team has identified the root cause of a recent security incident. The issue originated from their own Cardano network wallet generation software. The team has completed on-chain analysis to determine the extent of the impact. They are currently collaborating with a leading blockchain security company to conduct an independent technical assessment to verify their findings. The estimated overall impact is approximately 16 million ADA, and they are continuing to address related operational issues while committing to support affected users. In this regard, SlowMist founder Yu Xian stated that based on the funds from the hacker addresses assessed behaviorally, the theoretical losses for SecondFi users should exceed $20 million (over 129 million ADA and other tokens were stolen).

SlowMist: SecondFi Theft May Exceed $20 Million

On June 24, Cointelegraph reported that Ethereum is embroiled in a heated governance debate regarding the source of core development funding. Last Friday, former Ethereum Foundation contributor Trenton Van Epps warned that as existing support programs dwindle and Foundation expenditures are reduced, the core development ecosystem could face a 'slow-burning funding crisis' within three to nine months, requiring approximately $30 million annually to maintain over a dozen clients, research, and coordination teams. The debate centers around a proposal by Kleros co-founder Clément Lesaege, which suggests redirecting 0% to 10% of validator rewards to an ecosystem fund, estimating that this could generate about 50,000 to 70,000 ETH annually at current staking levels. This proposal has faced widespread opposition, with critics warning that it could entrench the power of large validators and blur the lines between operations and governance. Some community members previously argued that the Foundation has enough funding to operate for 30 years, but actual decisions by the Foundation indicate that it is actively shrinking expenditures and pushing for diversified funding models. This Monday, a non-profit organization called EthLabs, initiated by five former Ethereum Foundation researchers, was announced, aiming to directly fund development through large ETH holders. On Tuesday, Ethereum founder Vitalik Buterin stated that the Foundation is cutting its budget by about 40% according to established policies and has recently laid off 54 employees.

[Ethereum's Latest 'Funding Crisis' Sparks Intense Debate Over Taxing Staking Rewards]On June 24, Cointelegraph reported that Ethereum is embroiled in a heated governance debate regarding the source of core development funding. Last Friday, former Ethereum Foundation contributor Trenton Van Epps warned that as existing support programs dwindle and Foundation expenditures are reduced, the core development ecosystem could face a 'slow-burning funding crisis' within three to nine months, requiring approximately $30 million annually to maintain over a dozen clients, research, and coordination teams. The debate centers around a proposal by Kleros co-founder Clément Lesaege, which suggests redirecting 0% to 10% of validator rewards to an ecosystem fund, estimating that this could generate about 50,000 to 70,000 ETH annually at current staking levels. This proposal has faced widespread opposition, with critics warning that it could entrench the power of large validators and blur the lines between operations and governance. Some community members previously argued that the Foundation has enough funding to operate for 30 years, but actual decisions by the Foundation indicate that it is actively shrinking expenditures and pushing for diversified funding models. This Monday, a non-profit organization called EthLabs, initiated by five former Ethereum Foundation researchers, was announced, aiming to directly fund development through large ETH holders. On Tuesday, Ethereum founder Vitalik Buterin stated that the Foundation is cutting its budget by about 40% according to established policies and has recently laid off 54 employees.

Ethereum's Latest 'Funding Crisis' Sparks Intense Debate Over Taxing Staking Rewards

Market data shows that BTC has surpassed $63,000, currently priced at $63,003.99, with a 24-hour decline of 1.47%. The market is experiencing significant volatility, so please ensure proper risk management.

[BTC Surpasses $63,000]Market data shows that BTC has surpassed $63,000, currently priced at $63,003.99, with a 24-hour decline of 1.47%. The market is experiencing significant volatility, so please ensure proper risk management.

BTC Surpasses $63,000

On June 24, SpaceX issued $25 billion in investment-grade bonds, marking the company's final step in replacing high-cost debt. This high-cost debt was used to finance Elon Musk's acquisition of X (formerly Twitter) in 2022, as well as loans and bonds issued by the artificial intelligence lab xAI last year to cover its rapid cash burn. Had these entities not been incorporated into SpaceX, they would have incurred approximately $1.8 billion in interest expenses on a total of $17.5 billion in debt this year. Now, the merged SpaceX will bear an annual interest cost of about $1.5 billion with the initial bond issuance size of $25 billion.

[SpaceX Issues $25 Billion Bond to Restructure Debt and Lower Interest Costs]On June 24, SpaceX issued $25 billion in investment-grade bonds, marking the company's final step in replacing high-cost debt. This high-cost debt was used to finance Elon Musk's acquisition of X (formerly Twitter) in 2022, as well as loans and bonds issued by the artificial intelligence lab xAI last year to cover its rapid cash burn. Had these entities not been incorporated into SpaceX, they would have incurred approximately $1.8 billion in interest expenses on a total of $17.5 billion in debt this year. Now, the merged SpaceX will bear an annual interest cost of about $1.5 billion with the initial bond issuance size of $25 billion.

SpaceX Issues $25 Billion Bond to Restructure Debt and Lower Interest Costs

On June 24, according to monitoring by TenArmorAlert, an old contract named Royalties on the Polygon chain was subjected to a suspicious attack, resulting in a loss of approximately $261,200. The transaction hash of the attack has been publicly disclosed, and TenArmor stated that its monitoring system has achieved early detection and automated response to on-chain attacks.

[Old Royalties Contract on Polygon Chain Attacked, Resulting in Loss of Approximately $261,200]On June 24, according to monitoring by TenArmorAlert, an old contract named Royalties on the Polygon chain was subjected to a suspicious attack, resulting in a loss of approximately $261,200. The transaction hash of the attack has been publicly disclosed, and TenArmor stated that its monitoring system has achieved early detection and automated response to on-chain attacks.

Old Royalties Contract on Polygon Chain Attacked, Resulting in Loss of Approximately $261,200

On June 24, YZi Labs' management entity, YZi Labs Management, announced that it has reached an agreement with NASDAQ-listed CEA Industries (BNC) to further optimize strategies surrounding digital assets and corporate management. It is reported that BNC and YZi Labs will jointly seek an independent director with experience in digital assets, capital markets, and corporate governance to enhance the board structure. David Namdar, who previously served as CEO, will continue to fulfill his existing duties during the transition period. YZi Labs has agreed to terminate its previously initiated shareholder consent solicitation and withdraw related requests for book records review and shareholder register date requests. This agreement signifies the end of the previous potential governance dispute between the two parties, shifting towards collaborative company development through board restructuring and management optimization.

[YZi Labs and CEA Industries Reach Agreement to Resolve Governance Dispute and Advance Management Changes]On June 24, YZi Labs' management entity, YZi Labs Management, announced that it has reached an agreement with NASDAQ-listed CEA Industries (BNC) to further optimize strategies surrounding digital assets and corporate management. It is reported that BNC and YZi Labs will jointly seek an independent director with experience in digital assets, capital markets, and corporate governance to enhance the board structure. David Namdar, who previously served as CEO, will continue to fulfill his existing duties during the transition period. YZi Labs has agreed to terminate its previously initiated shareholder consent solicitation and withdraw related requests for book records review and shareholder register date requests. This agreement signifies the end of the previous potential governance dispute between the two parties, shifting towards collaborative company development through board restructuring and management optimization.

YZi Labs and CEA Industries Reach Agreement to Resolve Governance Dispute and Advance Management Changes

On June 24, Lindsay Rosner, the head of multi-sector investments at Goldman Sachs Asset and Wealth Management, warned that the "likelihood of the Federal Reserve raising interest rates in July is quite high," with a probability of 50%. In a recent interview, she pointed out that the upcoming inflation data, particularly the personal consumption expenditures report, is a key factor that could prompt the Fed to take action. Rosner further noted that the wealth effect from rising stock prices may be reflected in the inflation data, potentially serving as a justification for a rate hike. She highlighted that items in the personal consumption expenditures basket related to artificial intelligence spending, such as software and accessories, are expected to rise in the next report, stating, "The Fed will have to respond to this." As a result, Goldman Sachs has adjusted its internal outlook, pushing back the expected timeline for interest rate cuts to the end of 2027.

[Goldman Sachs Investment Chief: 50% Chance of Fed Rate Hike in July, Wealth Effect from Rising Stock Prices May Justify Hike]On June 24, Lindsay Rosner, the head of multi-sector investments at Goldman Sachs Asset and Wealth Management, warned that the "likelihood of the Federal Reserve raising interest rates in July is quite high," with a probability of 50%. In a recent interview, she pointed out that the upcoming inflation data, particularly the personal consumption expenditures report, is a key factor that could prompt the Fed to take action. Rosner further noted that the wealth effect from rising stock prices may be reflected in the inflation data, potentially serving as a justification for a rate hike. She highlighted that items in the personal consumption expenditures basket related to artificial intelligence spending, such as software and accessories, are expected to rise in the next report, stating, "The Fed will have to respond to this." As a result, Goldman Sachs has adjusted its internal outlook, pushing back the expected timeline for interest rate cuts to the end of 2027.

Goldman Sachs Investment Chief: 50% Chance of Fed Rate Hike in July, Wealth Effect from Rising Stock Prices May Justify Hike

On June 8, according to Onchain Lens monitoring, James Wynn entered long positions in Bitcoin and Ethereum at $60,000 on the 6th. He closed his positions for a profit at $61,700 yesterday, and subsequently took a short position in Bitcoin, which was liquidated during the market's rapid rebound.

[James Wynn's Bitcoin Short Position Liquidated During Market Rebound]On June 8, according to Onchain Lens monitoring, James Wynn entered long positions in Bitcoin and Ethereum at $60,000 on the 6th. He closed his positions for a profit at $61,700 yesterday, and subsequently took a short position in Bitcoin, which was liquidated during the market's rapid rebound.

James Wynn's Bitcoin Short Position Liquidated During Market Rebound

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James Wynn's Bitcoin Short Position Liquidated During Market Rebound

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