State hackers drive 420% surge in onchain malware, Chainalysis finds
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The price of a 1TB solid-state drive has increased from 500 yuan to 1000 yuan.
According to Mars Finance, a reporter's on-site investigation at Hangzhou's Bai Nao Hui Computer City revealed that the price increase in storage chips has spread from upstream to end consumers, with ordinary consumers facing a sharp rise in memory and hard drive prices. One distributor stated that the dramatic price increases in memory and SSDs have caused some panic, and they are not stockpiling large quantities. Reports indicate that the prices of some SSDs and memory modules have doubled, with a 1TB SSD rising from around 500 yuan to around 1000 yuan, and an 8TB SSD specifically designed for the PS5 costing nearly 20,000 yuan—enough to buy three PS5 Pro consoles. This price surge, triggered by the structural squeeze on production capacity due to AI computing power demand, is expected to continue until 2027. (Daily Economic News)
Fed study finds crypto investors driven by beliefs, easily swayed by returns
A Federal Reserve Bank of Cleveland study finds crypto investors hold sharply different views on returns and risk, while information about Bitcoin’s past gains can increase both desired allocations and actual crypto purchases.
Castle Labs: LIT surges over 80%, primarily driven by token economic updates and partnership with Robinhood.
PANews reported on July 7th that, according to Castle Labs, the Lighter ecosystem token LIT has surged by over 80% in the past 30 days. On June 30th, Lighter announced an updated token economic model, burning approximately 15.5 million LIT (6.3% of the total supply) repurchased with protocol revenue. Based on the current staking scale of 125 million LIT, the target annualized staking yield is 6%, with an expected annual allocation of 7.5 million LIT. Simultaneously, Lighter partnered with Robinhood Wallet, which will provide contract trading using USDG as the denominated asset through Lighter instances deployed on the Robinhood Chain.
CryptoOnchain: Increased miner outflows and inflows of older coins into CEXs may indicate that Bitcoin is entering a distribution phase.
According to BlockBeats on July 3rd, CryptoOnchain analysis indicates recent on-chain data showing structural changes in the behavior of long-term holders and miners. Over the past week, average miner outflows increased by 564%, while inflows of older coins (18-24 months old) on Binance surged compared to the 30-day benchmark. CryptoOnchain states that the simultaneous flow of older coins and miner rewards to CEXs typically indicates a market in a distribution phase. However, Binance's daily net inflow of stablecoins averaged -$126 million, suggesting insufficient spot liquidity. Simultaneously, Binance's funding rate rose 87% week-on-week and turned positive, indicating that speculative traders are still building leveraged long positions. The report believes that until stablecoin inflows recover sufficiently to absorb miner and older coin selling pressure, the market may struggle to form a clear structural bottom, and excessively leveraged long positions remain at risk.
CryptoQuant CEO: Bitcoin is poised for another parabolic surge, but deeper institutional allocation is needed.
PANews reported on July 1st that CryptoQuant CEO Ki Young Ju published an article on the X platform stating that Bitcoin is likely poised for another parabolic surge. While capital efficiency is declining—in 2011, a mere $2.7 billion net capital inflow fueled a 55,436% increase, while the current cycle's $697 billion yielded only a 689% return—he believes the next parabolic bull market requires deeper institutional allocation, with Bitcoin becoming a core macro asset rather than a retail-driven ETF. Ki Young Ju stated that this shift is still in its early stages and has not yet been disproven. If Bitcoin can absorb over $1 trillion in realized market capitalization, another parabolic surge is still possible. Currently, gold's market capitalization is approximately $27 trillion.
Hackers Hijack HBO Max’s Reddit Account to Spread Crypto-Stealing Malware
Attackers ran 108 malicious ads through the streaming service’s verified account, directing users to fake software downloads.