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Wu Says learned that EMURGO, the development arm of the Cardano ecosystem, released an update on the SecondFi security incident, stating that the team has commissioned multiple independent institutions to review the incident and the underlying code. The investigation is still ongoing, and a patch has been submitted to close the identified vulnerabilities. SecondFi stated that it will not resume normal operations even after the audit is completed, and all users should migrate out of SecondFi through official methods. The team’s current priorities include establishing a mechanism for recovering

Wu learned that Patrick Hansen, Senior Director of EU Strategy and Policy at Circle, citing interim MiCA registration data from the European Securities and Markets Authority (ESMA), stated that one week after the full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), there are already 21 authorized Electronic Money Token (EMT) issuers in the EU, from 12 countries, issuing a total of 35 EMTs covering 8 fiat currencies. Hansen said that France continues to lead other member states with 6 regulated issuers; meanwhile, the number of Asset-Referenced Token (ART) issuers remains

Wu says that Ondo Perps, the perpetual contract platform under Ondo Finance, has announced that Ondo Perps is now live, supporting users to trade perpetual contracts for stocks, ETFs, and commodities with up to 20x leverage, using tokenized stocks as collateral. The first batch of listed targets includes commodities such as oil and gold, as well as U.S. stocks and indices like Nvidia, Apple, Tesla, and SpaceX. The service is currently open to global users outside restricted regions such as the United States and Panama.

Wu Says, according to CryptoRank monitoring, the total DEX fee revenue across all networks in the second quarter of 2026 dropped to $413 million, marking the lowest quarterly level since 2023. This figure is down 83% from the peak of $2.41 billion in the first quarter of 2025, reflecting a sustained slowdown in on-chain trading monetization.

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,

Wu Says learned that Tether’s official announcement stated it will invest $20 million in the strategic growth funding round of Mercado Bitcoin, a financial services platform on the Brazil blockchain. Mercado Bitcoin was founded in 2013. It initially operated as a digital asset trading platform, and its business has since expanded into tokenized investment products, credit, stablecoin payments, banking infrastructure, and cross-border financial services. Tether said that Mercado Bitcoin currently serves 4.5 million users, has issued more than 2 billion Brazilian reais (approximately $370 millio

Wu learned that U.S. institutional crypto trading platform EDX Markets has announced the completion of a $76 million Series C funding round, led by Japanese financial group SBI Holdings. The funds will be used to expand trading, clearing, and settlement capabilities, accelerate product development, and expand global business operations. EDX stated that as institutional participation in the digital asset market continues to grow, the company will further enhance its institutional-grade digital asset infrastructure. Earlier this year, EDX launched its Crypto-as-a-Service product, EDX FlowConnect

Wu learned that American asset management giant Vanguard is recruiting a Head of Digital Assets for its Personal Wealth division, responsible for formulating the company's digital asset strategy and multi-year roadmap, driving the implementation of digital asset products, and covering areas such as tokenization, stablecoins, wallets and custody, and blockchain infrastructure. This position will also represent Vanguard in communications with regulators, industry participants, and clients to advance its digital asset business.

Wu learned that the Zcash development team stated it plans to introduce formal verification through the upcoming new privacy pool Ironwood, using mathematical proofs to eliminate the risk of "undetectable counterfeiting." The team said that although the previously discovered vulnerability in the Orchard shielded pool has been fixed and there is no evidence of exploitation, it is theoretically impossible to confirm through on-chain history whether covert inflation has occurred. Therefore, the community has decided to launch a new Ironwood shielded pool and conduct a comprehensive formal verific

Wu Shuo learned that Peter Schiff posted a message criticizing the Trump family for profiting by selling overvalued cryptocurrencies and related stocks worth tens of billions of dollars. He noted that these gains did not create real value, but were built on the investment losses of a majority of inexperienced loyal supporters. Peter Schiff predicted that the Trump Organization would face a large number of lawsuits in the future as victims try to recoup their losses, and that these incidents could easily be turned into highly lethal political ad materials by the Democrats.

Wu learned that Japanese crypto trading platform SBI VC Trade announced that as of July 6, 2026, the total number of registered accounts for it and BITPOINT has exceeded 2 million. SBI stated that since surpassing 1 million accounts in 2025, the company has continuously expanded its stablecoin, staking, lending, and institutional services, and completed the merger with BITPOINT in April of this year. The announcement said that the company plans to complete the brand integration of the two platforms by the end of this year, and continue to advance the development of stablecoins such as USDC, JP

Wu said, according to Onchain Lens monitoring, asset management firm Bitwise purchased 33.6k HYPE from market maker Wintermute, with a total value of approximately $2.4 million.

Wu claims to have learned that, according to Onchain Lens monitoring, asset management firm Bitwise purchased 33.6k HYPE from market maker Wintermute, with a total value of approximately $2.4 million.

Japan's Financial Services Agency (FSA) and the Ministry of Finance have announced a revised notice, adding five new jurisdictions to which the Travel Rule applies when transferring crypto assets and electronic payment methods requiring notification of sender and receiver information: Anguilla, Oman, Cuba, Dominica, and Botswana. This expands the total number of applicable jurisdictions to 63, and the revision will take effect on August 3. China, Vietnam, and Russia are not yet included because they have not established rules equivalent to Japan's notification obligations; however, Japanese ex