1. Shanghai SASAC studies stablecoins. Mysterious oriental power helps BTC break new highs?

On July 10, the Party Committee of Shanghai SASAC held a central group study meeting to study the development trends and response strategies of cryptocurrencies and stablecoins. As soon as this news came out, it was considered a major signal for the further opening of stablecoins and other cryptocurrencies in China. Click to read

2.ETH returns to $3,000: Six major reasons boost the alt season. Is it coming?

This morning, ETH briefly stood above the $3,000 mark, the first time since early February this year. In recent days, ETH has changed its previous decline and has risen from around $2,500 to $3,000. As of press time, the seven-day increase was 16.2%. Click to read

The whereabouts of 313 million yuan of funds remain a mystery: the collapse of the Xinkangjia DGCX scam

It is reported that on June 26, 2025, an online investment platform called Xinkangjia DGCX suddenly closed all withdrawal channels, and a large number of users found that their assets in their accounts were frozen or cleared, and the funds could not be withdrawn. The incident quickly fermented on social media platforms and attracted widespread attention. Although no authoritative organization has yet released accurate data on the number of victims and financial losses, investors have said that the incident may involve funds of up to 13 billion yuan and the number of victims may exceed 2 million. Click to read

4. Shorts continue to hold a strong trend, with sufficient "fuel" for rising

On July 10, Bitcoin broke through a record high, and the scale of short positions in the crypto market soared to $600 million in 24 hours, accounting for 90% of the total liquidation volume on that day, setting a new record for short positions in a single day this year. What is particularly unusual is that when the explosion occurred, the increase in Bitcoin was only 2.12%, and the intensity of the explosion caused by a specific increase was rare in history, indicating that the current market's short-selling congestion has reached a record level. Therefore, on July 11, Bitcoin surged 6%, short squeeze broke out again, and the market 24H short position explosion amount soared to a staggering $1 billion, setting a new record. Click to read

5. Ethereum Foundation: The future of EF ecosystem development

Ethereum is at a critical moment. Interest in Ethereum has gone beyond technicians and enthusiasts to companies, governments, and everyday users seeking practical solutions and tangible benefits. The Ethereum ecosystem is adapting to these needs, and the Ethereum Foundation is ready to play its role. Click to read