Meta’s stock surged 8.81% to an all-time high as investors bet the company will monetize its massive AI infrastructure by renting GPU capacity to external developers. The move could transform Meta from an ad-focused business into a compute vendor, directly threatening GPU rental companies like CoreWeave that depend on Meta’s excess capacity.
dYdX’s new Arcus platform launched with tokenized equities and perpetuals, but DYDX dropped 23% within 24 hours as the market realized Arcus is a separate entity with its own future token. The selloff reflects structural concerns: with innovation moving to Arcus and unclear tokenomics for DYDX holders, investors question what value the original token actually captures.
Drift Protocol relaunches as Velocity DEX after losing $280M to North Korean hackers, backed by a $127.5M Tether credit line and a controversial stablecoin swap from USDC to USDT affecting 128,000 users. The Lazarus Group drained the exchange in 12 minutes via compromised multisig wallets, also hitting 11 dependent DeFi protocols while the DRIFT token trades near its all-time low.
American Bitcoin Corp. executes a reverse stock split to meet Nasdaq’s minimum bid requirement after shares plummeted 95% from their $14.65 post-IPO peak. The move mirrors a troubling pattern among publicly traded Bitcoin treasury firms that went public during market euphoria but now trade as distressed assets rather than Bitcoin proxies.
Forward Industries accumulated 7.55 million SOL tokens, positioning itself as the largest publicly traded Solana treasury, but its existing position is underwater by over $1 billion while it funds new purchases through equity dilution. The strategy mirrors MicroStrategy’s Bitcoin playbook: accumulate through drawdowns, issue shares to fund purchases, and rely on passive index flows to support the stock price.
Ethereum Institutional launched July 1, 2026, as a dedicated institutional entry point for Ethereum, founded by three former Foundation members and backed by major stakeholders including co-founder Joseph Lubin. The timing coincides with the Ethereum Foundation’s 54-job layoffs and represents a quiet disaggregation of functions once held centrally—mirroring Bitcoin’s earlier ecosystem evolution.
A fake Polymarket arbitrage bot on GitHub promised $80,000 in annual profits before delivering malware to 53 developers. North Korean attackers exploited real success stories from legitimate bots to make the scam credible, burying malicious code in hidden dependencies.
Bitcoin Standard Treasury has postponed its shareholder vote on a merger with Cantor Equity Partners for the third time, pushing the decision to July 10 as PIPE financing terms remain unresolved. The deal’s core issue: securing final terms on a historic 5,021 BTC in-kind investment, the first major Bitcoin PIPE in a SPAC transaction.
Europe’s MiCA crypto regulation deadline has arrived: only 213 entities secured licenses across the EU by July 1, 2026, leaving millions of customers without legal access to services. Early movers like Venga and Conio now hold significant competitive advantages through passporting rights.
Bridge hacks have stolen $2.8 billion in Web3, with audited protocols like Wormhole still falling victim to authorization exploits. Intent-based execution like NEAR Intents removes users from dangerous bridge selection decisions, letting solvers handle routing while users simply declare their desired outcome.