Binance Alpha Launches RCADE

July 10th: Investment bank Piper Sandler expressed that President Trump's perspective that the Federal Reserve is required to lower interest rates is accurate. (Golden Ten)

July 10th. According to U.S. tech media The Verge, Microsoft (MSFT.O) is on the verge of experiencing a significant turn in its intricate relationship with OpenAI. While the two parties are in the process of renegotiating their contract to enable OpenAI to restructure as a for-profit entity, OpenAI is gearing up to release an open-source language model, which is likely to further widen the rift between the two companies. Insiders disclosed that this AI lab led by Sam Altman is scheduled to release an open-weight model next week. This model will not only be hosted on OpenAI and Microsoft Azure servers but will also be made available to other cloud service providers. In contrast to the closed-weight model commonly employed by OpenAI, this publicly accessible weight parameter (a kind of training parameter) will be open to the public. This openness allows businesses and governments to deploy the model independently. (BlockBeats)

On July 10th, Cyvers Alerts tweeted that they had detected a number of suspicious transactions associated with ZKSpace. Meanwhile, ZKSpace's official X account had been frozen. The funds affected amounted to approximately $4 million. Approximately $1.3 million, including USDT and USDC, was exchanged for ETH and subsequently deposited into Tornado Cash.

On July 10th, Alon, the founder of pump.fun, posted on social media to disclose the future focus: Improving the quality, sustainability, and diversity of the already listed tokens. In the future, the functionality of the creator revenue-sharing mechanism will be expanded to CTO projects, and the fee structure will be further adjusted. Redoubling efforts on the "social" aspect and making additional investments in and focusing on the pump.fun live streaming feature. Currently, the team's foundational framework has been initially established, with more than 70 core members covering fields such as engineering, data, security, trust & compliance, law, operations, and growth. The team will continue to actively expand through recruitment and strategic acquisitions, and the first acquisition is about to be officially announced.

On July 10th, according to Binance market data, Lagrange (LA) began at $0.67 and is currently trading at $0.6563.

On July 9th, as reported by Eleanor Terrett, lawyer John E Deaton, who represents thousands of retail investors, has filed a securities fraud class action lawsuit against Linqto's co-founder and former CEO, William Sarris. The lawsuit claims that Sarris carried out a multi-year fraud scheme on the Linqto platform by selling shares of private companies like Ripple, Uphold, and Kraken through Special Purpose Vehicles (SPVs) with undisclosed markups reaching as high as 60%, presenting misleading waiver statements, and conducting unlicensed sales. According to the complaint, Sarris received internal legal memoranda in 2023 and 2024 clearly warning that these issuance practices violated multiple SEC and FINRA regulations, such as acting as an unregistered broker-dealer and operating an unregistered investment company, but he chose to disregard them. Deaton stated that this lawsuit is targeted at Sarris personally and is not subject to the limitations of bankruptcy protection.