Wu says he picks up encrypted news every day - CryptoQuant Analyzed by a five-year-old cash sale

1. CriptoQuant Analyst: 5 years of extreme pressure on cash sales of Yamashita

According to CriptoQuant Analyst IT Tech, the market has been netting off for 15 months after five years of extreme pressure on the spot exchange. The cumulative trade-off gap between the BTC and ETH has fallen to its deepest negative value since the data were available in 2020; the indicator was almost flat at the beginning of 2025 and then again was significantly reversed and continued downward。

2. NEW YORK MAGAZINE: SBF TAKES DAILY MEDICATIONS FOR CLINICAL DEPRESSION, AND FELLOW PRISONERS CLAIM TO HAVE BEEN RELEASED OR ISSUED THEIR OWN NEW TOKENS

According to New York Magazine, Sam Bankman-Fried (SBF), the founder of FTX, who has been sentenced to 25 years in prison, has been exposed in Lompoc Federal Prison, California. SBF, 34 years old, is currently taking Adderall daily due to clinical depression and ADHD, and has written a memorandum in the cell entitled " Manfred " . By refusing to follow the gang rules of the white motorcade, and insisting on playing cards and chess with other ethnic prisoners, such as the Black Carcade, the Independent was transformed into a non-gang status. It is worth noting that when his cellmate David Bunevacz asked about his plans after his release from prison, SBF said that he must first have 50 million or 100 million dollars in start-up funds to start a real business, and declared that “after his release, he will issue his own new token, and everyone will be in a rush”. Bunevacz then added, “He may be joking, and they probably won't come. But who knows?" On June 8, this year, the SBF officially submitted a presidential pardon to the Trump administration, and the probability of its granting a pardon on Polymark doubled to 14 per cent。

CZ: Hyperliquid's innovation is “excellent” and currency is difficult to compete for in its sub-market

“I think Hyperliquid’s innovation is actually excellent.” CZ states that Hyperliquid occupies a sub-market where currency is difficult to compete, does not require KYC and claims to be a decentrized platform. At the same time, however, the CZ stated that, based on its past experience, it would not follow the current operational methods of Hyperliquid and that “I guess they have a good team of lawyers”。

4. Upgrading of the ETA Glamsterdam into the final testing phase of the network of developers, which is expected to go online in the second half of the year

The core developer has entered the final sprint phase of the next major network upgrade of “Glamsterdam”. Teams have begun testing for a full set of fork versions containing all the planned Taifung Improvement Proposals (EIP) in a closed network of developers (devnets), which is the last stage of development before the coding library is solidified and deployed to the public testing network (testnets). According to the ETA Foundation DevOps Engineer and Core Developer Parithosh Jayanthi, while the exact activation schedule has not yet been finalized, significant progress has been made, and the upgrade is expected to be formally online in the second half of 2026。

5. Bybit was placed on the investor alert list by the Monetary Authority of Singapore

According to the Singapore Financial Authority (MAS), Bybit Fintech Limited; Bybit has been placed on its investor alert list (Investor Alert List). According to MAS, the list includes persons or entities that may have been or have been mistakenly considered to have been licensed, authorized or supervised by MAS on the basis of the information available to it; the list is not complete and is based on information known to MAS at the time of publication。

6. PumpFun Dinar Graduation Rate Declined by Three Months 80%, Solana Fees Revenue Synchronized Slide

The Solana Ecome currency distribution platform PumpFun core indicators continue to be weak. Over the past three months, its currency graduation rate has declined by about 80 per cent to 0.26 per cent, with a daily average income of about $800,000 since June, down by more than 80 per cent from about $4.8 million six months ago. As a result of the cooling down of PumpFun activities, the revenue from Solana network charges was also reduced from an average of about 33,000 SOLs per day in January to about 5300 SOLs in June. According to The Block, part of the previous money flows to the Solana Meme currency market may have been diverted to encrypted contracts for money, stocks and commodities on platforms such as Hyperliquid。