Consensys Is Splitting in Two as MetaMask Goes Its Own Way
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Consensys to split into MetaMask and institutional blockchain company
The restructuring will separate MetaMask’s consumer business from Consensys’ Ethereum protocols and institutional blockchain infrastructure operations.
ROBINHOOD CHAIN GOES DOWN, NO NEW BLOCKS PRODUCING: WEBSITE https://t.co/CNAIULfb89
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Wormhole: The Moonbeam network will be shut down on July 31, 2026.
PANews reported on July 8th that Wormhole announced on the X platform that the Moonbeam network will shut down on July 31, 2026, with parachains remaining operational as a transition period. Wormhole reminded users to transfer all external assets out of Moonbeam before this date. After July 31st, Portal and Wormhole contributors will no longer be able to help retrieve stuck assets. Wormhole stated that the migration process and deadline are set and operated by Moonbeam and may change at any time. Users should verify the migration steps through the official Moonbeam portal and assume full responsibility for their transactions. Previously, on July 4th, it was announced that Moonbeam would transform into an AI Agent communication and settlement network, with GLMR tokens migrating to Base at a 1:1 ratio.
DGrid AI token jumps 93% after launch as decentralized AI network goes live
DGAI nearly doubled in its first day of trading as DGrid expands its distributed AI inference network and rolls out hardware for its personal AI agent.
Renowned economist Gao Shanwen passed away due to illness at the age of 55.
PANews reported on July 7 that Gao Shanwen, former chief economist of SDIC Securities, passed away due to illness at the age of 55, according to multiple reports including the Shanghai Securities News and the New Economist Think Tank. Born in 1971 in Linfen, Shanxi Province, Gao Shanwen graduated from Peking University and the Graduate School of the People's Bank of China (the predecessor of Tsinghua University's PBC School of Finance). He previously worked at the People's Bank of China, Everbright Securities, and Anxin Securities (later renamed SDIC Securities). He was one of the most influential macroeconomists in China's capital market and authored works such as "At the Turning Point of the Cycle" and "Perspectives on Prosperity: Concerns Deep Within Asset Revaluation."
Tim Draper: Two rocket launches failed when investing in SpaceX; the real excess returns come from embracing uncertainty.
According to Mars Finance, on July 6th, renowned venture capitalist Tim Draper stated that his investment philosophy has always been to bet on innovative projects where the market has not yet reached a consensus. He recalled that his venture capital firm, Draper Associates, was one of SpaceX's earliest external investors. After the investment, SpaceX's first two rocket launches ended in failure, but with the success of the third launch, the company eventually attracted a large number of customers with launch costs far lower than NASA's, growing into a company with a market value of over $2 trillion. Regarding AI, Draper stated that although xAI lags behind competitors such as OpenAI and Anthropic in terms of market share and enterprise adoption, he is still more optimistic about xAI, believing that it focuses more on providing real information rather than catering to users. He predicts that the AI industry will undergo a reshuffling similar to that after the dot-com bubble, with true industry giants likely to emerge after the next round of adjustments. Draper believes that innovation requires a free entrepreneurial environment, stating that the United States and Singapore remain the most attractive startup destinations.