A former partner at Hack VC alleged that he was forced to work while ill by the firm and was threatened with being barred from resigning early.

Renowned crypto trader Killa posted a statement yesterday, noting that compared to Bitcoin’s 2022 bottom pattern, he expects the current Bitcoin pullback after a rally to be shallow, with $70,000 to $73,000 likely marking the bottom, and backing a subsequent breakout above the $80,000 mark. “I expect a range to form, allowing accumulation of long positions from chasing highs and liquidity building. The market may even see another liquidation sweep above $79,500 before finally heading toward the $70,000 low, followed by expansion,” Killa said. As a BTC-focused quantitative trader, Killa previously predicted the peak of this bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then shifted to long positions during the broad market sell-off on June 5.

Nvidia is set to release its quarterly earnings report after U.S. markets close this Wednesday, a key event for Wall Street to gauge whether the AI investment boom is still ongoing. Analysts advise the market not to focus solely on the company’s revenue and profits, but also to assess from CEO Jensen Huang’s remarks whether the massive current investment in AI infrastructure can sustain rapid growth. Market expectations for Nvidia’s earnings have been steadily rising. Data shows the chipmaker has beaten analyst earnings estimates in each of the past 14 quarters. In its most recent quarter, Nvidia’s net profit rose 210% year-over-year, well above Wall Street’s prior forecast of 126%. Analysts project the company’s second-quarter revenue will hit a record $92 billion, up from the $78 billion forecast earlier this year. To top current market expectations, Nvidia will need to deliver net profit exceeding $515 billion. However, Nvidia’s stock performance post-earnings follows a notable pattern: in each of the past four quarterly reports, its share price fell on the next trading day. Options markets are currently pricing in a 5.3% price swing for Nvidia’s shares in the session after the earnings release, a larger fluctuation than the average post-earnings move over the past 12 months. Some investors have positioned for a stock pullback, though analysts remain upbeat. Frank Lee, head of tech hardware and semiconductor research at HSBC Global Research, recently lifted Nvidia’s price target from $325 to $360, citing factors including the company’s strategic partnerships with suppliers and its key role in open-source AI.

According to Bitget’s market data, the Hang Seng Tech Index’s decline has widened to 4%, with MINIMAX-W dropping over 10%.

According to Bitget’s market data, South Korea’s KOSPI index widened its intraday decline to 3%, breaking below the 6700 point mark. Heavyweight stocks SK Hynix fell 2.6%, while Samsung Electronics dropped over 8%. Affected by this, Southern’s 2x leveraged Samsung product plunged more than 17%.

Term Labs has provided an update on its vulnerability incident via X. All Term Meta Vaults have been shut down, and DAO governance roles have been revoked. The shutdown is irreversible, permanently blocking further deposits while withdrawals remain accessible. The incident is tied to Term Vault governance; the underlying Term protocol and its direct lending markets have not been impacted to date. The team is continuing to assess the full scope of the impact. If any funding gaps persist, the team will pursue solutions. Earlier reports confirmed that Term Finance suffered a governance attack yesterday, leading to losses of roughly $8.5 million.

Avalon Labs today announced the addition of a market-neutral yield pool to its Super Earn wealth management product, focused on stock perpetual contract strategies. The yield pool generates returns by capturing funding rates and pricing discrepancies from major exchanges including Hyperliquid, Binance, and Bybit, targeting an annualized return of around 15% while minimizing directional market exposure, with performance varying according to market conditions. Backed by YZi Labs and Framework Ventures, Avalon Labs is a Bitcoin-focused on-chain finance platform, and the launch of this strategy further enhances its Super Earn product suite.