BNB Chain has completed its 32nd BNB token burn, with a total of 1.024 billion USD worth of BNB burned in this quarter.

July 11th. On July 10th, the Party Committee of the Shanghai State-owned Assets Supervision and Administration Commission held a central group study session. The purpose was to study the development trends of cryptocurrency and stablecoins and the corresponding strategies. He Qing, who is the Secretary and Director of the Party Committee of the Municipal State-owned Assets Supervision and Administration Commission, pointed out that it is necessary to fully implement the spirit of the Seventh Plenary Session of the Twelfth Municipal Party Committee. We should adhere to innovation-driven development, maintain a keen awareness of emerging technologies, and strengthen the research and exploration of digital currency. It is of great importance to promote the integration of production and finance. We need to explore the application of blockchain technology in fields such as cross-border trade, supply chain finance, and asset digitization. By persevering in making progress, we can enhance the

On July 11th, based on market data, some US stock cryptocurrency treasury companies ranked among the top gainers. These include: Sequans (SQNS), which rose by 22.95% with a trading volume of $24.96 million. It officially launched its Bitcoin treasury plan today and initially acquired 370 BTC, with a plan to acquire more than 3000 BTC in the coming weeks. NextTech Holding (NXTT), which rose by 14.23% with a trading volume of $1.82 million. Upexi (UPXI), which rose by 13.67% with a trading volume of $24.90 million. The "ETH Version of MicroStrategy", Sharplink Gaming, rose by 13.19% with a trading volume of $568 million.

On July 11th, GMX officially released a summary report regarding the approximately $40 million exploit on Arbitrum in GMX V1. Event Summary: The attacker managed to bypass the PositionRouter and PositionManager contracts (which are typically responsible for calculating the average short price) by directly invoking the increasePosition function of the Vault contract through reentrancy. By means of manipulation, the attacker reduced the BTC average short price from $109,505.77 to $1,913.70. Using a flash loan, the attacker purchased GLP at a normal price of $1.45 and opened a $15 million position. Due to the manipulated price, the GLP price was pushed above $27, enabling the attacker to redeem GLP at a high price for profit. GMX has confirmed that V2 does not have a similar vulnerability. Next Step Funding Situation: Approximately $3.6 million remains in the GLP pool, reserved for unclosed positions. The cost of V1's GLP on Arbitrum this week is approximately $500,000 (excluding the 30

On July 10th, Binance issued a notice on the adjustment of the Alpha Token Code. The PumpBTC ($PUMP) will be renamed as PumpBTC ($PUMPBTC) on the Alpha platform. All order records, asset displays, and historical charts will be updated accordingly. This change will not have an impact on user asset balances. The limit order function will be temporarily suspended until the conversion is finished. The transition will start on July 11th and is expected to be completed by July 12th.

On July 10th, as reported by CoinDesk, Germany's state-owned development bank NRW.BANK issued a €100 million (approximately $116.7 million) blockchain bond on the Polygon blockchain. The bond is registered in accordance with the German Electronic Securities Act (eWpG) and is constructed on Cashlink's BaFin-regulated encrypted securities registration system. This issuance attracted the participation of multiple institutional investors. Deutsche Bank, DZ Bank, and Dekabank jointly served as the lead underwriters. This marks the increasing acceptance of digital securities in the European public offering space.