AscendEX announces it is ceasing operations, with public hot wallet assets still insufficient to cover user withdrawals.

According to Bloomberg, crypto-focused venture capital firm Paradigm has raised a new $1.2 billion fund that will further expand its investment scope beyond the cryptocurrency industry to include sectors such as artificial intelligence (AI) and robotics. The fund is set to be officially announced on Wednesday, marking the third VC fund Paradigm has raised since its establishment. Paradigm’s expansion into AI comes amid a continued boom in financing for AI startups, while crypto-related investment activities have experienced a period of downturn.

In response to the widely spread online "Gate stolen 1.7 million" incident, platform founder and CEO Dr. Han tweeted: "All the details of the incident are here. Some controversies will become clear after reading." Earlier, Gate’s official account had already released a full disclosure and review of the event. Earlier today, Gate issued an official announcement concluding that the viral "Gate stolen 1.7 million" news is not a systemic risk or website security issue, and currently guarantees the safety of all users’ assets and accounts. The incident has multiple suspicious points. The user previously completed facial live verification, provided three specified historical transaction records from 2019 as proof, and reset security settings via the original email verification code. All reset procedures were verified correctly through email code and fund password. Before processing the user’s five withdrawal requests, Gate conducted comprehensive identity verification including facial live verification, Google verification code, and fund password verification, all of which passed, before approving the withdrawals. The user subsequently reported the theft to Gate’s customer service. Gate confirms the above information is authentic and valid; all disclosed content is sourced from the platform’s complete backend operation data.

US President Donald Trump again discussed the situation in Iran during his meeting with Ukrainian President Volodymyr Zelenskyy on July 8 at the NATO summit. Trump stated that the United States has not yet targeted Iran’s bridges, power generation facilities, desalination plants and other sites, but would destroy them if necessary. He added that the US military had struck Iran’s key oil export hub of Kharg Island the previous night, but ordered no attacks on oil pipelines because the US “might take over Kharg Island”. Trump also noted that the US could reimpose a naval blockade on Iran. Trump said he was uncertain whether Iran was sincere in its negotiations, adding that the US could launch a “large-scale attack” to “destroy many things”.

According to Lebanon's National News Agency report on the 8th, Israeli warplanes launched an airstrike on the Al-Tahir forest area in southern Lebanon’s Nabatieh region early that day, following prior shelling of the area. Subsequently, the Israeli military’s warplanes carried out airstrikes on multiple targets in southern Lebanon’s Bint Jbeil region.

According to Bloomberg, crypto-focused venture capital firm Paradigm has raised $1.2 billion to invest in artificial intelligence.

According to Iran's Tasnim News Agency, Iranian officials stated: "Trump has officially announced the end of the Islamabad Memorandum of Understanding. Therefore, for Iran, continuing to uphold a memorandum that even Trump has formally declared dead is logically and rationally flawed. Iran should send a clear response to Trump. This memorandum was diligently advanced by Iranian negotiators, but we knew from the outset that the U.S. would not abide by any agreement, especially when Iran asserts its legitimate rights. The memorandum was stillborn from the start due to the U.S.'s bad faith, and last night merely formalized its demise."