Summer.fi An attack has been officially confirmed; all vaults in the Lazy Summer Protocol have been suspended.
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Summer fi: The Lazy Summer attack is not a contract vulnerability, but rather an exploitation of the NAV mechanism.
PANews reported on July 8th that Summer.fi released an analysis report on the Lazy Summer Protocol USDC vault attack. On July 6th, attackers manipulated the prices of two USDC vault shares in a single atomic transaction, withdrawing approximately $6.04 million from depositors. The core of the attack lay in the way the vault's Net Asset Value (NAV) was calculated. The attackers donated tokens that still retained their old valuation to Silo Ark, which was suspended after the November 2025 incident but not yet fully removed. This caused the vault's total assets to inflate by approximately 9.5%, raising the share prices. They then redeemed the tokens at the inflated prices and withdrew funds from the vault's real liquidity. The report emphasizes that this attack was not due to a contract code vulnerability, but rather a missing step in the vault's decommissioning process—the Ark's deposit limit had been set to zero, but it was still being counted in the NAV within the active asset pool.
TermiX, the agent-based commercial clearing layer, has officially launched mainnet and released the BNB Chain ecosystem Agents Marketplace: Agent.family
According to Mars Finance, TermiX, an AI agent commercial clearing layer, has officially launched mainnet and introduced the BNB Chain ecosystem Agents Marketplace. Agents can register ERC8004-based Agent IDs on the marketplace and post, accept, and verify over 120 different types of Agent Jobs. Major agents, including OpenClaw and Hermes, can integrate TermiX Skills with a single click, gaining the ability to conduct agent commercial activities globally. TermiX is reportedly an AI agent commercial clearing layer on the BNB Chain, and in May of this year, it announced a $1 million investment from YZi Labs.
SpaceX was officially included in the Nasdaq 100 index this week; historical warnings point to post-inclusion volatility. TeraWulf's Q1 HPC leasing revenue surpassed mining's high-margin annualized revenue of $630 million for the first time.
According to ChainCatcher and BBX data, the world's largest IPO completed its index inclusion milestone yesterday, marking a historic turning point in the valuation logic of mining companies' AI transformation. Key developments are as follows: SpaceX, Inc. (NASDAQ: $SPCX) was officially included in the Nasdaq 100 index this week, becoming the first company in history to have its largest single IPO ($75 billion) included in the Nasdaq 100. CoinDesk also issued a historic warning: "The previous two largest additions to the index—Palantir ($PLTR) in December 2024 and Strategy ($MSTR) in early 2025—both experienced a period of decline after inclusion, rather than initiating a new round of growth." Analysts pointed out that passive funds tracking the Nasdaq 100 completed a "forced buy" at the time of inclusion, and without new fundamental catalysts, the stock price often corrects after the technical buying subsides. SpaceX currently faces specific risks including: a net loss of approximately $4.27 billion in Q1 2026 (primarily due to xAI integration expenses), a $2 billion bond issuance plan, and a 3.4% equity dilution from the $60 billion acquisition of Cursor/Anysphere; Morningstar maintains its fair value estimate of $62 per share, implying a downside of approximately 70% from the current market price. For the market holding SpaceX Bitcoin (18,712 coins, approximately $1.2 billion, custodied in Coinbase Prime), Nasdaq 100 inclusion will trigger larger-scale SPCX holdings by passive funds, further narrowing the indirect exposure of traditional index investors to Bitcoin assets. According to the latest analysis, TeraWulf Inc. (NASDAQ: $WULF) reported $21 million in high-performance computing (HPC) leasing revenue in Q1 2026, accounting for approximately 62% of its total revenue of $34 million. This marks the first time TeraWulf has surpassed Bitcoin mining revenue—a historic reversal in revenue structure since its transformation into an AI/HPC infrastructure company. This represents a 117% increase compared to the $9.7 million in HPC revenue in Q4 2025. The company currently has AI/HPC leases totaling over 522 megawatts signed with Core42 and Fluidstack, with an expected annualized high-margin revenue of approximately $630 million. Its energy mix consists of nuclear power and hydropower, with an average electricity cost of approximately $0.035/kWh, among the lowest of its peers in the mining industry. The company is also developing a new campus in Kentucky, adding approximately 480 megawatts of grid connection capacity; analysts have significantly raised their target price range, with Keefe Bruyette & Woods from $23 to $37, and Clear...
Xingchen New Energy has completed its third round of financing of nearly 500 million yuan, officially launching its Pre-IPO financing process.
According to Mars Finance, Xingchen New Energy recently completed its third round of financing, raising nearly 500 million RMB. Investors in this round include Shaoxing Xinghui, CITIC Securities Capital, Sichuan Green, Eastmoney Investment, ICBC Capital, Changshi Investment, and Ace Energy, among others. This marks Xingchen New Energy's second major investment from the capital market, following its over 300 million RMB financing round last year. With this latest round of financing, the company has officially begun its Pre-IPO financing process.
SafePal Bitcoin Wallet Data Breach Stokes Fears of Physical Attacks
A flaw in an order-tracking plug-in of bitcoin wallet provider SafePal exposed names, addresses and phone numbers of nearly 40,000 customers.
EVAA Protocol has released a teaser for its AI Agent, sparking community speculation that it may bring a brand-new AI interactive experience to TON DeFi.
BlockBeats reported on July 8th that EVAA Protocol, a lending protocol within the TON ecosystem, released its first teaser video for its AI Agent, announcing its upcoming launch and inviting the community to guess its core functions. Those who guess correctly will have a chance to win rewards. The official video clip shows messages such as "Connecting to TON network" and "Liquidity synced," and displays the product deployment progress in the format "Deploying EVAA_AGENT.exe," sparking community speculation. The product may revolve around AI-driven DeFi interactions within the Telegram ecosystem. Whether it will involve liquidity management, lending optimization, or other functions remains to be officially announced. EVAA Protocol is one of the leading DeFi lending protocols within the TON ecosystem, committed to providing users with secure and efficient decentralized lending and liquidity services. With the continued development of Telegram and the TON ecosystem, EVAA is constantly expanding the integration of AI and DeFi. EVAA Protocol's signal regarding its AI Agent not only leaves room for speculation about product iterations but also raises market expectations for how AI will further lower the barriers to entry in DeFi and reshape the on-chain asset management experience. On June 9th, The Open Network community voted to rename the network's native token from Toncoin to Gram, and the token code will also be changed from TON to GRAM.