ZachXBT: Of the more than 160 KOLs promoting a project, less than 5 disclosed that their posts were advertisements.
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ZachXBT: Advises users whose funds are stuck on the AscendEX platform to report to their local regulatory authorities.
PANews reported on July 2nd that blockchain detective ZachXBT stated that the crypto exchage AscendEX has not posted any content on the X platform for nine days, and user withdrawals are still not being processed while deposits are functioning normally. One major victim reported the issue to AscendEX co-founder George Cao but received no response. ZachXBT advised users whose funds are stuck to file reports with their national law enforcement and regulatory agencies. Previously, on June 26th, ZachXBT disclosed that AscendEX appeared to be facing liquidity problems, with user withdrawals delayed by several days to weeks.
ZachXBT: LAB has plummeted 85% in 24 hours; trading this token is not recommended.
According to ChainCatcher, on-chain investigator ZachXBT stated that the LAB token has plummeted from $14 to less than $2 in the past 24 hours, a drop of approximately 85%, resulting in a significant reduction in its fully diluted valuation (FDV) from approximately $14 billion. ZachXBT expressed disappointment that Binance, Bitget, and Gate failed to take proactive measures to prevent price manipulation, stating that if centralized exchanges truly valued user interests, they should at least return the profits of accounts suspected of market manipulation to users. He further pointed out that LAB investors were originally scheduled to begin unlocking their tokens later this month, but the vesting arrangements have been repeatedly altered. Insiders have long controlled almost the entire circulating supply and have been using market makers to conduct extreme price manipulation on centralized exchanges; therefore, he "does not recommend trading LAB under any circumstances."
McKinsey research: 76% of employees use AI to assist in their work; generative AI lowers the demand for entry-level positions.
According to a McKinsey study published on July 7th by Odaily Odaily, only 30% of employees used AI to assist in their work in 2023, but this figure is projected to rise to 76% by 2025. The "McKinsey 2025 New Era of Work Survey" shows that 51% of organizations reported that generative AI has reduced their demand for entry-level positions. Between 2023 and 2025, the turnover intention of employees with less than one year of service decreased from 37% to 32%, approaching the 30% level of employees with more than three years of service. The survey shows that AI creators and heavy AI users have the highest sense of job belonging, but they are 7% more likely to leave within the next 3 to 6 months than light AI users and 10% more likely than employees who do not use AI. The survey indicates that the main reasons employees are willing to stay include valuable work, flexible work location, career development and promotion opportunities, trust and support from colleagues, and decent compensation with sufficient recognition.
ZachXBT Announces Starting Standards for Conducting On-Chain Investigations
According to Mars Finance, on July 6th, on-chain detective ZachXBT published an article outlining the starting criteria for initiating on-chain investigations. They will not accept or respond to investigation requests unless the following conditions are met: the case is recent, the loss to a single victim exceeds $250,000, the jurisdiction is favorable to their work, the investigation occurs on a chain they support, and it does not involve Meme tokens or prediction markets.
Analysis of stocks hitting consecutive daily limit ups on July 1st: Less than 20% of stocks continued their upward trend; the market saw over 100 stocks hit their daily limit up for three consecutive days.
According to Mars Finance, a total of 150 stocks hit their daily limit up today, with 22 stocks achieving consecutive daily limit ups. Among them, 3 stocks achieved three or more consecutive daily limit ups. The previous trading day saw 19 stocks achieving consecutive daily limit ups, resulting in a success rate of 15.79% (excluding ST stocks and delisted stocks). In terms of individual stocks, this marks the third consecutive trading day with over 100 stocks hitting their daily limit up, and today's number of limit-up stocks is the second highest this year. Most large-cap technology stocks weakened, with Cambricon, Dongshan Precision, and Hengtong Optic-Electric falling by more than 6%, and GigaDevice, New E-Sun, and Tianfu Communication falling by more than 5%. The performance of stocks achieving consecutive daily limit ups remained sluggish. Xingye Technology, a previously high-flying stock, hit its daily limit up in the opening auction, but then plummeted during the session, ultimately closing in the red, indicating significant losses. Xingye Technology itself had previously experienced two consecutive days of daily limit downs. In terms of sectors, the semiconductor sector continues its upward momentum, with semiconductor materials and memory chips leading the gains. Among them, Do-Fluoride Chemicals (a hydrofluoric acid concept stock) achieved three consecutive daily limit-ups, and Sanmei Chemicals achieved two. In the memory chip concept, Shikuang Technology achieved two daily limit-ups in three days, while Yawei Technology and Hongchuan Smart Technology achieved two daily limit-ups in four days. Additionally, Kangxin New Materials, Kent Catalysis, Geko Microelectronics, XianDao JiDian, and Leading Shares all achieved two consecutive daily limit-ups. The robotics concept continued its rebound, with ShengTong Energy and Estun both achieving two consecutive daily limit-ups, and Henghe Precision and Jindao Technology hitting the 20% daily limit. In terms of news, UBTECH's release of the "U1" series of bionic humanoid robots has sparked heated discussion. (Cailian Press)
Rootdata: The number of crypto projects announcing their closure in 2026 has increased to 70.
According to ChainCatcher, data from Web3 asset data platform RootData shows that the list of crypto projects that shut down in 2026 has grown to 70. The newly added projects cover multiple sectors, including Layer 2 protocol Loopring, lending blockchain UX, cross-chain clearing layer Everclear, decentralized lending protocol Goldfinch, Bitcoin-based Layer 2 Botanix, peer-to-peer NFT lending protocol NFTfi, and DefiLlama's news media DL News, among others.