GoPlus: Only $14,000 returned; LIT users were arbitrageurized by Backrunner due to routing to low-liquidity pools.
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Jack Mallers' Strike has launched "volatility-resistant" Bitcoin mortgage loans, claiming they will not be liquidated due to price drops.
ChainCatcher reports that Strike, founded by Jack Mallers, has launched a new Bitcoin-backed loan product designed to avoid forced liquidation due to falling BTC prices. Strike states that as long as borrowers make timely payments, the collateralized BTC will not be moved or liquidated, regardless of how deeply the Bitcoin price falls. Mallers stated on X that the product has no margin requirements and no price-based liquidation mechanism, allowing users to borrow USD while continuing to hold Bitcoin. He noted that volatility is inevitable, but liquidation is not. Strike states that the new loan product eliminates price-triggered actions linked to the loan-to-value (LTV), so borrowers do not need to worry about automatic liquidation due to falling BTC prices. As long as interest and due payments remain normal, the collateral will remain undisturbed.
Samsung Electronics' foundry business returned to profitability in June for the first time in three years.
According to Mars Finance, on July 6th, Samsung Electronics' foundry business achieved monthly profitability in June of this year. This is the first time the business has recorded monthly profitability since 2023. Industry insiders believe that increased orders for high-bandwidth memory (HBM) base chips and improved yields in advanced processes reduced fixed costs, driving the recovery in profitability. Based on current trends, Samsung's foundry business is expected to achieve quarterly profitability in the third quarter of this year. Although the overall performance in the second quarter was still dragged down by losses in April and May, making it difficult to determine whether the entire quarter had achieved profitability, with the turnaround in June, Samsung generally believes that the possibility of the company achieving quarterly profitability in the third quarter has significantly increased. Analysts believe that this is the first time Samsung's foundry business has achieved monthly profitability since 2023. In the past few years, this business has been in a state of long-term loss, mainly due to multiple factors including low yields in advanced processes, the loss of large customers, and insufficient capacity utilization.
Tencent shares surged over 5% intraday, marking a narrative reversal: WorkBuddy users increased by two orders of magnitude, and WeChat's AI "Xiaowei" opens up greater possibilities.
According to BlockBeats, on July 6th, Bitget data showed that Tencent Holdings' Hong Kong-listed shares rose over 5% intraday, reaching HK$453. Tencent, once criticized for its "slow AI development," is experiencing a narrative reversal. In May, at the shareholders' meeting, Ma Huateng frankly admitted, "A year ago we thought we were on a ship, but then we found it was leaking, and now we're standing on it but can't sit down." However, in just a few months, WorkBuddy's monthly active users (MAU) exceeded 20 million, daily active users (DAU) exceeded 13 million, and the DAU/MAU ratio reached 65%-75%, with stickiness comparable to Slack-level office tools. With 43 versions released in three months and updates continuing even during the May Day holiday, Tencent internally positions it as its third phenomenal product after QQ and WeChat. WorkBuddy's success hinges on two key barriers: first, its extremely simple installation—a desktop client plus a WeChat mini-program, with commands sent from the phone after WeChat authorization and executed automatically on the PC, completely bypassing the high command-line deployment hurdles of similar foreign products; second, the activation of Tencent's entire ecosystem in the Agent era—integrating with Tencent Docs, Tencent Meeting, WeChat Work, and over 30 external tools, expanding the SkillHub skill library from 79,000 to 790,000, allowing for automatic data retrieval, file generation, and distribution with a simple command like "create a PPT of last week's sales data and send it to colleagues at a meeting." This leap from a chat bot to a tool that gets things done transforms a fragmented toolchain into a competitive advantage. Furthermore, this groundbreaking product, the first in Tencent's history to conduct on-the-ground promotion, reflects a genuine commitment to penetrating the B2B market. Even greater potential lies in WeChat AI. WeChat's AI assistant, "Xiaowei," launched a small-scale gray-scale test on June 20th, supporting voice or text messaging, Moments posting, and accessing mini-programs for appointment booking and food delivery. It even generates mini-program prototypes using natural language. This marks the first time this super app with 1.43 billion monthly active users has entered the intelligent agent arena. JPMorgan Chase estimates, based on probability weighting, that WeChat's AI Agent could generate approximately 126 billion yuan in incremental revenue and 88 billion yuan in incremental operating profit by 2030. However, Goldman Sachs warns of three major concerns: the potential resource duplication from the parallel operation of its self-developed WeLM model and the mixed-source model; the possibility that inference costs after full rollout could erode 5%-17% of the projected adjusted operating profit for Q4; and the unclear short-term monetization path. The core difference between the two institutions lies in the timing: JPMorgan Chase believes the public beta has transformed WeChat AI from an "abstract option" into a "traceable milestone," while Goldman Sachs believes the short-term cost-benefit asymmetry requires further quarterly verification. In terms of the underlying model, Hunyuan 3 Preview has been integrated into 131 Tencent products, with token usage increasing tenfold compared to the second generation. It ranks first in usage on the OpenRouter platform. However, the prediction that Ma Huateng (Pony Ma) might not be able to maintain his position even after taking the lead still holds true. The ecosystem is the natural foundation for Tencent to act as an agent, but WeChat AI faces complex challenges in handling transactions, advertising, payments, merchants, fairness, and regulation.
Lighter (LIT) briefly broke through 2.1 USDT, possibly due to the positive impact of the Robinhood integration.
According to Odaily Odaily, OKX market data shows that Lighter (LIT) briefly broke through 2.1 USDT, reaching a high of 2.1886 USDT, and is currently trading at 2.0921 USDT, with a 24-hour increase of 10.58%. Previously, it was reported that Lighter has been integrated into Robinhood Wallet, allowing users to directly conduct perpetual contract transactions through the wallet.
Security firm Coinspect reports that a wallet vulnerability dating back to 2018 resulted in the theft of $3.14 million last month, with Chinese users' assets at higher risk.
PANews reported on July 5th that security firm Coinspect Security published an article on the X platform stating that through analysis of crypto wallet seeds generated using insecure code since 2018, they discovered thousands of seeds that had been actually used. Last month alone, they found that these wallets had a total of $3.14 million stolen, most of which went unreported. Some funds were concentrated in a single address, exhibiting money laundering patterns. One affected address transferred $2 million out just hours after the alert was issued; it is unclear whether this was for theft. Coinspect warned that users who believe many of their assets remain at risk may be located in China.
AngelList will cease supporting cryptocurrency investments at the end of July due to the shutdown of its third-party payment service.
According to Foresight News , AngelList, a venture capital firm, announced on its official help page that it will no longer support investment and financing using cryptocurrencies starting July 31, 2026. The announcement stated that its third-party cryptocurrency payment service provider will soon cease operations, therefore the option to use digital assets such as USDC, USDT, DAI, and ETH to complete new investments, fundraising, or rolling fund subscriptions will be suspended across the platform until further notice. Other financing methods, such as ACH transfers and wire transfers, will not be affected. The announcement states that investments completed on or before July 31, 2026, will not be affected by this change and require no action from users; thereafter, users will need to use ACH or wire transfer to complete fund payments. For outstanding capital commitments originally planned to be made in cryptocurrency, AngelList advises investors to transfer all corresponding cryptocurrency assets to their AngelList accounts for safekeeping before July 30, or to complete subsequent investments via wire transfer or ACH. AngelList stated that it is evaluating the possibility of restoring digital asset financing functionality through a new service provider, but there is no definite timetable yet.