HK Stock Stablecoin Concept Stock Guotai Junan International Closed Up 8.85%: Surged Over 5 Times in 11 Trading Days

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.

On July 10th, as reported by Bloomberg, the U.S. Treasury Department has officially done away with the cryptocurrency broker reporting rule. This rule initially mandated that decentralized cryptocurrency exchanges report customer transaction information to the U.S. government for tax-related purposes. Previously, U.S. congressional Republicans voted to repeal the rule via the "Congressional Review Act," and it was signed into law by President Trump in April of this year.

On July 10th, Ethena Labs made an announcement. It stated that Coinbase Pro has emerged as the most recent hedging platform for the underlying asset of USDe. "The open contracts on Coinbase Pro have recently exceeded one billion dollars. This provides significant liquidity that can be employed to hedge the underlying asset of USDe by means of appealing funding rate arrangements."