Odaily Planet Daily News Arbitrum Foundation plans to allocate $14 million worth of ARB tokens to subsidize security audits of blockchain projects on its network. It is reported that after the proposal of ArbitrumDAO is approved, the plan will distribute 30 million ARB tokens within 12 months. (The Block)

Odaily News Bitlayer, a Bitcoin DeFi infrastructure invested by traditional asset management giant Franklin Templeton, announced the launch of the smart contract cross-chain bridge BitVM on the mainnet. The solution allows users to lock Bitcoin into smart contracts and convert it into a packaged asset Peg-BTC (YBTC) that can interact across chains. It has now been integrated with networks such as Sui, Base and Arbitrum. Bitlayer said that the bridge solution uses a single-signature verification mechanism to optimize security, aiming to enable native BTC liquidity to enter the smart contract ecosystem without changing the underlying Bitcoin protocol. (Cointelegraph)

Odaily News GMX published a post on the X platform announcing the follow-up progress of the GMX V1 vulnerability attack on Arbitrum of approximately $42 million, stating that after successful negotiations, GLP's funds on Arbitrum have been fully recovered, the funds have been returned, and are currently being kept by the DAO, waiting to be distributed to liquidity providers in the Arbitrum GLP vault. GMX V2 is not affected by this vulnerability, and trading and liquidity provision on GMX V2 continue to proceed normally.

1. 币安：Alpha积分不少于211的用户可通过Alpha活动页面参与Hyperion（RION）TGE； 2. Hyperion公布RION代币经济学：空投占5%、流动性激励占30%； 3. 分析：稳定币创造美债投资需求只是附带效应，未来或可在香港支付学费； 4. Trend Research向币安充值1165枚ETH，约合366万美元； 5. 币安CEO：富达、贝莱德、嘉信理财甚至摩根大通已从加密怀疑论者转为信徒； 6. Arthur Hayes：“以太季”到了，DeFi和NFT将受益； 7. Pudgy Penguins宣布与中国潮玩公司Suplay达成合作； 8. 德商银行：降息预期叠加特朗普施压，美元反弹可能有限； 9. Matrixport：美国已成为本轮行情的主要推动力，以太坊上涨却由亚洲主导； 10. 蓝港互动宣布成立LK Crypto事业部，统筹其Web3及RWA领域整体战略与资产配置； 11. PayPal支持Arbitrum、以太坊和Solana网络上的PYUSD； 12. 币安：因技术原因Bonding Curve TGE活动启动时间延后； 13. 币安Alpha将于7月18日上线Taker Protocol（TAKER）； 14. 币安HODLer空投上线Caldera (ERA)； 15. 易理华：多重宏观前景不明朗情况下选择卖出部分ETH，但长期看牛市趋势不变。

Odaily News PayPal updated its cryptocurrency terms of service on July 16, 2025, explicitly supporting the issuance and use of the PYUSD stablecoin on the Arbitrum network. PYUSD is issued by Paxos and is fully backed by U.S. dollars, U.S. Treasuries, and other highly liquid assets, with a fixed price of $1. Users can buy, sell, convert, or send PYUSD through the PayPal Cryptocurrency Center, but they must select the correct supported blockchain network (including Arbitrum, Ethereum, and Solana).

Odaily News According to SoSoValue data, after a slight correction, all sectors of the crypto market regained their upward momentum, with Ethereum (ETH) leading the way with a 4.89% increase, breaking through $3,100. However, Bitcoin (BTC) still fell slightly by 1.30%, correcting to $117,000. However, MAG7.ssi rose by 1.22%, MEME.ssi rose by 3.28%, and DEFI.ssi rose by 4.78%. In other sectors, the AI sector rose 4.63% in 24 hours. Within the sector, Fetch.ai (FET) and Bittensor (TAO) rose 6.61% and 8.37% respectively; the Layer2 sector rose 4.59%, among which Arbitrum (ARB) and zkSync (ZK) rose 10.09% and 10.43% respectively; the DeFi sector rose 4.30%, and Curve DAO (CRV) rose 11.98%. The Meme sector rose 3.90%, Bonk (BONK) and Pump.fun (PUMP) rose 10.15% and 12.43% respectively. Among them, the Layer1 sector rose 1.45%, Internet Computer (ICP) rose 5.18%; the PayFi sector rose 0.60%, Velo (VELO) rose 10.56%; the CeFi sector rose 0.22%. The crypto sector index, which reflects the historical trends of the sector, shows that the ssiAI, ssiDePIN, and GameFi indices rose by 4.67%, 4.47%, and 4.45% respectively in the 24 hours.

Odaily News Crypto trading platform Gemini announced that it has added a number of tokenized US stocks, including Nike (NKE), McDonald's (MCD), Starbucks (SBUX), Coca-Cola (KO) and Yum! Brands (YUM), to trading for EU investors. The product is based on the Arbitrum blockchain and is issued by Gemini in cooperation with registered broker Dinari. Previously, Gemini has launched tokenized stocks such as MSTR, AAPL, and TSLA. (crowdfundinsider)

Odaily News Grayscale, a crypto asset management company, announced a product update list as of July 10, 2025: current products cover a variety of digital assets such as Bitcoin, Ethereum, Solana, Uniswap, Dogecoin, Chainlink, etc.; Toncoin, Arbitrum, BNB, Pendle, Jupiter, LayerZero, etc. are being considered for inclusion in the list. Grayscale said that it will update the list up to 15 days after each quarter, but whether it will eventually go online still requires internal review and regulatory compliance. This time, the assets are classified into sectors such as "currency", "smart contract platform", "finance", "AI", "consumers and culture", and "tools and services", reflecting its crypto asset layout strategy.

Odaily News GMX published a report on the X platform to summarize the reasons and follow-up measures for the attack of about $40 million on the Arbitrum chain on July 9 on GMX V1. It pointed out that after analysis by the security team, the attack originated from the reentrancy vulnerability of the OrderBook contract. Hackers used this vulnerability to manipulate the average short price of BTC, thereby significantly raising the price of GLP and arbitrage. The official has suspended transactions related to the Avalanche chain, confirmed that the V2 version is not affected, and will take measures such as disabling GLP casting and redemption and setting up a compensation pool. GMX reminds V1 fork projects to promptly repair similar risks. Next step: Funding situation: There is about $3.6 million left in the GLP pool, which is reserved for open positions. The GLP fee for V1 on Arbitrum this week is about $500,000 (minus the 30% allocated to GMX stakers), which will be transferred to the DAO treasury for compensation. GLP minting and redemption on Arbitrum will be disabled (redemption disablement requires a 24-hour timelock). GLP minting on Avalanche is disabled, but the redemption function is retained. Enable V1 position closing on Arbitrum and Avalanche, and disable opening to prevent the vulnerability from recurring. Cancel V1 orders on Arbitrum and Avalanche. The remaining GLP funds on Arbitrum will be allocated to the compensation pool for use by affected GLP holders. GMX DAO will discuss further compensation measures. It is recommended that all GMX V1 forks take immediate action and enable trading and minting of GLP-like tokens only after repairs and audits.

Odaily News HSBC announced that it has completed technical testing and public surveys under the Hong Kong Monetary Authority's "e-HKD+" project, exploring the application, privacy protection and scalability of e-HKD in the DLT environment. HSBC is also testing the issuance mechanism on Arbitrum, Ethereum, Linea, Polygon and its own private chain. The survey shows that 90% of respondents are concerned about transaction privacy, and one-third are willing to use e-HKD to trade digital assets. HSBC will promote the implementation of digital currency in real scenarios based on the results.