News

Foresight News reported, citing Reuters, that Citigroup has lowered its 12-month outlook for Bitcoin and Ethereum, reducing Bitcoin’s target price from $112,000 to $82,000 and adjusting Ethereum’s anticipated price from $3,175 down to $2,240. Citigroup stated that waning investor interest, decreasing inflows into exchange-traded funds, and the lack of progress in US digital asset legislation have all negatively affected the prospects of these two cryptocurrencies. Citigroup indicated that this adjustment is due to its decision to revise its assumption for net ETF inflows over the next 12 months from $1 billion down to zero. The report also noted that sluggish progress on US cryptocurrency legislation and concerns that digital asset management companies might sell Bitcoin have dampened investor sentiment, with this weakness coinciding with a shift of funds toward artificial intelligence-related assets.

Odaily reported, according to SolanaFloor monitoring, Solana's daily token issuance has reached an 80-day high, and the number of tokens graduating has also increased, coinciding with the launch of the ANSEM meme coin.

On July 1, GoPlus Security : The stock tokenization platform Edel Finance was attacked, resulting in losses of approximately $403,000. The attacker manipulated the exchange rate between wGOOGLx and GOOGLx through repeated supply and borrow actions using a flash loan, inflating the value of the wGOOGLx collateral. Subsequently, the attacker borrowed more assets from the protocol, including 384,215 USDC, 122.20 wSPYx, 62.97 wQQQx, 293.12 wMSTRx, 99.85 wNVDAx, and 37.59 wTSLAx. The flash loan was eventually repaid, yielding a profit of approximately $305,000.