Odaily News David Duong, head of research at Coinbase, wrote that recent claims about the "largest short position in ETH in history" are greatly exaggerated. He pointed out that the net inflow of Ethereum spot ETFs reached $1.16 billion in June, while the leveraged fund short positions on Chicago Mercantile Exchange (CME) Ethereum futures increased from $466 million in early May to $1.6 billion on June 24, an increase that was basically consistent with ETF inflows. Duong explained that the phenomenon was mainly driven by basis trading. As the basis yield provided by CME Ethereum futures compared to spot has increased from an average of 6% in February to 8%-9% in May and June, it has attracted more institutions to participate in arbitrage by buying spot and selling futures, which does not mean pessimistic expectations for ETH.

Odaily News Nick Tomaino, founder of 1confirmation, said in a post today that the team firmly supports Ethereum, because without it, the entire industry cannot continue to move forward. He emphasized that the values of trusted neutrality, open source and permissionless innovation must be continuously inherited and spread. Tomaino pointed out that some current popular trends, such as venture capital chains and companies adopting Ethereum vault strategies, are not directly related to the above values, but they do not mean that they are bad. He quoted Hal Finney's view 33 years ago: "Computers can be used to liberate and protect people, not control them."

Odaily News On July 5, the Cambodian government announced on the 4th that it had reached an agreement with the United States in tariff negotiations. The two sides will issue a joint statement on "reciprocal tariffs" in the near future, but the specific content of the agreement, including the tariff rate, is still unclear. According to the news released by the Cambodian government, Cambodian Deputy Prime Minister Sun Chanthol held online consultations with Sarah Elleman, Assistant Trade Representative for Southeast Asia and Pacific Affairs of the Office of the United States Trade Representative on the 4th. The two sides reached a consensus on the draft joint statement. (Jinshi)

1. “稳定币是什么”话题登上抖音热榜第一； 2. Binance：至少拥有 140 Alpha 积分的用户可领取 600 枚 AIN 空投； 3. Coinbase 拟将 Luquifi 功能与 Coinbase Prime 集成，并将在澳大利亚支持 PayPal 支付； 4. 本周美国比特币现货 ETF 净流入 7.695 亿美元； 5. 香港财库局：正筹备发行第三批代币债券并推动贵金属等资产及金融工具代币化； 6. 去年囤积 WBTC 的巨鲸陆续止盈，已卖出超半数持仓； 7. 疑似 Arthapala 的三个关联地址再次向币安充值 6789 枚 ETH； 8. Vitalik：机构选择以太坊不是因为速度，而是因其“稳定、可靠、不宕机”。

Odaily News At the Ethereum Community Conference (EthCC) held in Cannes, France, Ethereum co-founder Vitalik Buterin said in an interview that many institutions do not pursue scalability and speed, but rather value the stability and reliability of Ethereum. He pointed out that "many institutions have clearly told us that they chose Ethereum because it is stable, reliable, and will not go down," and emphasized that long-term features such as privacy are the features that institutions "really value." Vitalik also said on the main stage of the conference: "We don't just want to succeed, we want to be a network that deserves success." He hopes that in the future people will regard Ethereum as a model of a network that truly achieves open, free and permissionless access.

Odaily News According to Ai Yi’s monitoring, Arthapala (@Arthapala_vc), a suspected staking and verification service provider, has deposited 38,100 ETH to major exchanges in the past six days. Its other three associated addresses recently deposited 6,789 ETH to Binance again, bringing the total amount of ETH transferred to exchanges in the past week to 44,889, with a total value of approximately US$113 million at current prices.