MicroStrategy bought another 2,530 $BTC($243M) at an average price of $95,972 last week!

According to BFM News, the Johor state government in Malaysia has requested the federal government to investigate Network School, founded by former Coinbase chief technology officer Balaji Srinivasan, over allegations that some Israeli citizens used third-country passports to participate in the project. The Johor government has asked the Ministry of Home Affairs and relevant law enforcement and security agencies to verify the identities, nationalities, and entry purposes of the individuals involved, and to probe whether Network School’s operations require registration or approval under Malaysian law. Authorities will also review whether the project complies with regulations on site permits, building use, land use, accommodation operations, and commercial activities, and will take legal action if any violations are found. It is understood that Network School is located in Malaysia’s Forest City, founded by Balaji Srinivasan. A private residential community built around his "Network State" concept, it charges membership fees starting at $1,500 per month and offers services including accommodation, catering, fitness, and co-working spaces.

According to monitoring by Onchain Lens, a Hyperliquid trader who had previously accumulated total losses of approximately $36.03 million was liquidated again. His long DRAM position worth around $2.74 million was cleared, leaving him with only about $336,500 remaining. Additionally, this wallet address was also liquidated for its MRVL position six days ago, suffering a loss of roughly $505,200. Over the past week, the address has incurred combined liquidation losses of approximately $841,700.

According to Lookonchain’s monitoring, an address suspected to be associated with Bitmine purchased 6,000 ETH again via FalconX 7 hours ago, valued at approximately $11.18 million.

Cathie Wood’s Ark Invest added roughly $13.9 million in Circle (CRCL) shares on Tuesday, purchased around $1.5 million of Block (XYZ) stock, while cutting its stake in Robinhood (HOOD) by about $3.2 million.

Coinbase’s platform lead Rob Witoff stated that currently 95% to 100% of the company’s code is written or assisted by large language models (LLMs), and nearly all employees use AI on a daily basis. This figure has more than doubled from the roughly 40% of AI-generated code disclosed in February this year. Witoff noted that critical areas such as core cryptography still rely primarily on manual review, while internal prototype development is now almost fully automated. The proliferation of AI has enabled Coinbase to adopt smaller, more senior teams: teams of two to three people can now complete work that previously required over a dozen employees. He also revealed that most of Coinbase’s engineers currently manage five to 10 AI agents each, with the overall AI agent workforce handling coding workload equivalent to roughly 1,200 full-time employees. The company projects this number could rise to the equivalent of 100,000 employees by 2030. Earlier this May, Coinbase laid off around 700 employees, accounting for roughly 14% of its total workforce, with the firm stating that AI has significantly improved work efficiency.

Japan’s largest card network JCB has signed a memorandum of understanding (MOU) with Circle, with the two parties set to explore using USDC for cross-border payments, merchant settlement, fund management and other services, to drive the adoption of stablecoins in Japan’s daily payment scenarios. JCB has around 140 million users and 40 million merchants globally. The two sides will initially conduct a proof of concept (PoC) centered on JCB’s internal fund transfers, and further research how USDC can boost cross-border payment efficiency, lower remittance costs, and support international tourists in making stablecoin payments at Japanese merchants. This partnership is part of Japan’s stablecoin commercialization process. Earlier, Circle announced it would collaborate with Nomura to develop a USDC-based foreign exchange settlement service; Japanese convenience store chain Lawson also plans to launch a stablecoin payment pilot in August this year.