Bitwise CIO：下一轮加密牛市将围绕稳定币、代币化和机构DeFi展开
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Bitwise CIO: The crypto industry may become part of the next generation of economic rule-making.
Odaily Odaily reports that Bitwise Chief Investment Officer Matt Hougan posted on the X platform that he recently read a speech by U.S. Treasury Secretary Bessenter, calling it "an important document that defines America's economic role for the next century." He pointed out that in his speech, Bessant outlined five principles for the future US economic strategy, the third of which was: "The United States will set the rules for the next generation of the economy." When discussing the digital economy, Bessant stated, "Digital assets, stablecoins, tokenization, and new payment systems will help shape the future of money. The United States should not place itself as a bystander in building this future." Matt Hougan commented that this statement demonstrates the US government's emphasis on promoting the development of the crypto industry and reflects the fact that digital assets are being incorporated into an important part of the future financial system and economic competitive landscape.
Bitwise CIO: Strategy's importance in the Bitcoin market may decrease after the STRC incident.
According to Mars Finance, Matt Hougan, Chief Investment Officer of Bitwise, analyzed the volatility of STRC, a subsidiary of Strategy (MSTR). He believes that Strategy currently holds approximately $49.6 billion in Bitcoin and $2.6 billion in cash, with assets far exceeding its debt and preferred stock obligations, posing no risk of liquidation. The company's newly launched digital credit capital framework allows it to flexibly sell Bitcoin to pay dividends based on market conditions, no longer mandating the maintenance of STRC's $100 face value. Hougan emphasized that Strategy has been the world's leading buyer and one-way source of Bitcoin demand for the past few years, but this situation has likely ended. In the future, Strategy will flexibly buy or sell Bitcoin based on market conditions, but will not become a large-scale seller (the annual mandatory sales volume is limited), and may still become a net buyer if Bitcoin prices rebound. Overall, Strategy's importance in the next cycle will be lower than in the previous cycle. He believes that STRC's volatility reflects the deleveraging process in the market, a typical characteristic of the end of a bull market. As these mismatched funds are squeezed out, a market bottom is forming, and a new bull market is expected to begin this fall.
SlowMist: Detected malicious supply chain attack campaign targeting npm users and DeFi developers.
According to Foresight News , SlowMist has detected a coordinated malicious npm supply chain campaign that uses fake trading bot codebases and DeFi-themed npm packages to deliver JavaScript information-stealing tools to npm users, DeFi developers, and trading bot users. This campaign involved 30 malicious npm packages, including stake-math@3.5.4, which was identified as a locked dependency in donoaccestag/forex-mt5-trading-bot. The codebase exhibited clear anomalies: it relied on a malicious npm package that had already been reported for security violations, and contained approximately 2300 highly homogeneous, possibly batch-generated forks, primarily concentrated under the poly-stocks account. Potential attackers may steal sensitive local data such as encrypted wallets, browser cookies, saved passwords, browsing history, developer credentials, shell history, password manager vaults, private keys, seed phrase, and API tokens found in the source code. Developers should immediately remove the affected npm packages, audit the CI logs (e.g., _2024111120230_| / _2024111120231_|) to locate these 30 malicious packages, consider systems that have run `npm install` as potential victims, promptly replace exposed wallets, private keys, npm tokens, cloud credentials, SSH keys, and API tokens, and rebuild the affected environment from a clean image.
The US HYPE spot ETF saw a total net inflow of $2.232 million in a single day.
According to data from SoSoValue, the HYPE Odaily ETF saw a net inflow of $2.232 million yesterday (June 29, Eastern Time). Yesterday, only the Bitwise Hyperliquid ETF (BHYP) saw net inflows, with a single-day net inflow of $2.232 million, bringing its total historical net inflows to $117 million. As of press time, the HYPE spot ETF has a total net asset value of $335 million, a net asset value ratio of 2.27%, and a cumulative net inflow of $296 million.
The US HYPE spot ETF saw a total net inflow of $108 million in a single day.
According to data from SoSoValue, the HYPE Odaily ETF saw a net inflow of $108 million yesterday (June 25, Eastern Time). Among them, the Grayscale Hyperliquid Staking ETF (HYPG) saw a net inflow of $113 million in a single day, bringing its total historical net inflow to $123 million. The Bitwise Hyperliquid ETF (BHYP) saw a net outflow of $2.8204 million in a single day, while its total historical net inflow has reached $113 million. As of press time, the HYPE spot ETF has a total net asset value of $314 million, a net asset value ratio of 2.24%, and a cumulative net inflow of $292 million.
Data: Total locked value in DeFi fell by 39% in 2026, while TRON and Hyperliquid bucked the trend and grew.
According to Mars Finance, a recent CryptoRank report released on June 24th shows that DeFi's total value locked (TVL) has declined for six consecutive months, falling from approximately $115 billion in January 2026 to around $70 billion currently, a cumulative drop of 39% this year, reflecting the ongoing adjustment following the crypto market's peak in 2025. Data shows that since 2026, the DeFi sector has experienced 121 security incidents, resulting in a cumulative loss of approximately $942 million. The second quarter alone saw 85 attacks, resulting in losses of approximately $775 million, making it one of the most attacked quarters on record. The attacks on Drift Protocol ($295 million) and KelpDAO ($293 million) in April accounted for more than half of the total losses for the year. Among the top ten public chains in terms of TVL, only TRON and Hyperliquid achieved positive growth. Among them, TRON's TVL grew by approximately 5% this year, mainly supported by demand for USDT transfers, stablecoin settlements, and lending; Hyperliquid grew by approximately 6.7%, benefiting from its leading position in the on-chain perpetual contract market and the expansion of the HyperEVM ecosystem. However, the report points out that this round of DeFi downturn is significantly milder than the 2021-2022 cycle. In that year, DeFi TVL plummeted by over 70% in seven months, while currently funds are flowing more into stablecoins, RWA, derivatives, and infrastructure sectors, resulting in a more diversified and mature market structure compared to the previous cycle.