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Analysts at Vertical Research Partners stated after this week’s Eurosatory defense exhibition in Paris that while the demand outlook for the European defense industry appears positive, supply is a different matter. Analysts Robert Stallard and Karl Oehlschlaeger wrote in a research report that the industry will face fiscal pressure, but defense spending across the European continent is showing a clear upward trajectory, which could be a multi-year trend. They wrote: “For defense companies, the bigger issue may not be demand—but supply.” They noted that the larger issue may not be budgets, but rather capacity, staffing, tooling, rare earths, and contract processes within defense ministries. Not every company can achieve the same level of execution.

F2Pool co-founder WangChun's associated address 0xF42…f2b51 withdrew 7,650 ETH and 124.18 WBTC from a certain exchange, with a total value of 20.666 million US dollars, and deposited them into the Spark protocol. (Ai Yi)

BlockBeats News, June 19th, IOSG Founding Partner Jocy stated in a post that a Token is actually a form of debt, and projects should "only issue when absolutely necessary and delay issuance as much as possible." According to internal observations at IOSG, during the 2024 to 2026 cycle, the median comprehensive listing cost borne by projects on leading exchanges is approximately $8 million, including structural costs such as a security deposit. This number may not apply to all projects, but it reveals an issue that was overshadowed by the previous bull market: issuing a token does not equate to exiting; many times, it merely accelerates the future liquidity pressure. The valuation at which a project raises funds today determines what milestones need to be achieved in the next three years to support that valuation in the next market cycle. If these milestones cannot be met, the project should not seek funding.