American Bitcoin Corp just added another 500 BTC to its treasury, pushing total holdings to 8,000 BTC. For a company that held roughly 5,401 BTC at the end of 2025, that’s a nearly 50% increase in about six months.
ABTC, a subsidiary of Hut 8 Corp that trades on Nasdaq, has been on a buying-and-mining spree that’s hard to ignore. The firm ranked as the 17th-largest public Bitcoin holder as of May 2026, and this latest addition likely nudges it a few spots higher on that leaderboard.
The accumulation playbook ABTC’s strategy combines mining output with strategic treasury purchases to build its stack. During Q1 2026 alone, the firm mined 817 BTC.
The holdings trajectory tells the story. At the end of 2025, ABTC sat at approximately 5,401 BTC. By mid-May 2026, that number had climbed to 7,500 BTC, representing roughly 30% growth in the first quarter and change of the year. Then came a bump to 7,300 BTC (reported alongside Q1 results), followed by additional purchases that brought the total to 7,500 BTC by mid-May. Now, with this latest 500 BTC addition, the company crosses the 8,000 BTC threshold.
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ABTC operates nearly 90,000 mining units as of May 2026.
The Trump connection and corporate maneuvering Eric Trump serves as co-founder and chief strategy officer. The company came into existence in 2025 following a merger with Gryphon Digital Mining.
ABTC executed a reverse stock split of 1-for-15, effective July 6, 2026. Every 15 shares got consolidated into one share, which mathematically boosts the per-share price. ABTC framed the move as addressing stock volatility and maintaining its Nasdaq listing.
Financing the machine ABTC has utilized financing through Bitmain, one of the world’s largest mining hardware manufacturers, and has pledged Bitcoin as collateral for miner acquisitions.
When you pledge your Bitcoin to buy more miners to mine more Bitcoin, you’re creating a feedback loop that works beautifully in bull markets. In bear markets, collateral calls, declining mining revenue, and hardware depreciation can compound quickly.
What this means for investors ABTC’s jump from 5,401 BTC to 8,000 BTC in roughly six months reflects a company that’s treating this as a land grab. The 17th-largest public Bitcoin holder designation puts ABTC among a cohort where most publicly traded companies hold zero Bitcoin.
The reverse stock split signals that the equity side of the business has faced pressure, even as the Bitcoin treasury has grown substantially. The Bitmain financing arrangement, where pledging Bitcoin to acquire miners creates leverage, amplifies both upside and downside. If Bitcoin prices decline meaningfully, ABTC could face margin pressure on those collateralized positions while simultaneously seeing reduced mining profitability.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
July has brought renewed optimism to the crypto market. Bitcoin has stabilized above key support, several major altcoins are attempting to recover from months of weakness, and investors are once again looking at presales before the next market expansion.
While many projects continue promoting future roadmaps, some are already introducing ecosystem features during fundraising.
MemeToro ($MT) is one of those projects. As Stage 3 moves past 78% sold, the platform has expanded beyond fundraising by introducing 35% APY staking alongside its AI-powered ecosystem. That combination has helped the project attract attention from investors looking for utility before exchange listings.
Stage 3 Continues Filling as Investor Interest Builds MemeToro ($MT) has continued making steady progress throughout July.
The project is currently in Stage 3, where more than 78% of the allocation has already been sold. The current round has raised $62000+ toward its $$79,480 funding target, while each $MT token remains available for $0.00154 before the next scheduled price increase.
Unlike public exchanges where prices fluctuate daily, presale pricing follows predetermined milestones.
As each stage closes, the token price increases for new participants, making timing an important consideration for investors evaluating early-stage projects.
The platform also maintains a permanently fixed supply of 1.2 billion $MT, with 71% allocated directly to public participants, reinforcing its community-focused token distribution.
Staking Adds Utility Before Exchange Listings Many crypto projects wait until after launch to introduce staking.
MemeToro ($MT) has taken a different approach by making 35% APY staking part of the ecosystem during the presale itself.
Rather than leaving tokens inactive, participants can prepare for an ecosystem where staking becomes one of several ways to interact with the platform beyond simple buying and holding.
The staking model also complements the broader project vision.
Instead of depending solely on market speculation, MemeToro continues building incentives designed to encourage long-term ecosystem participation as additional products become available.
AI Remains the Center of the Ecosystem Staking is only one part of MemeToro’s broader platform.
The ecosystem is built around an AI Agent that continuously analyzes online discussions, social sentiment, market narratives, and cultural trends before autonomously supporting fair no-code memecoin launches.
By reducing direct developer involvement during token creation, the platform aims to simplify launches while lowering many of the risks traditionally associated with manually deployed meme projects.
Artificial intelligence also supports the platform’s decentralized prediction markets.
Users can forecast outcomes across cryptocurrencies, sports, politics, entertainment, and global events using both $MT and BNB, giving the ecosystem another layer of ongoing participation.
Combined with SocialFi and behavioral finance tools, MemeToro continues expanding beyond the traditional memecoin model.
Market Conditions Continue Favor Early Development The broader crypto market remains cautious despite recent stabilization.
Bitcoin continues holding between $62,000 and $63,000, but institutional sentiment has been affected by continued ETF outflows and higher interest rates. Analysts still believe reclaiming the 20-day EMA around $62,450 is necessary before a stronger recovery begins.
This environment has encouraged many investors to diversify.
Instead of allocating exclusively to established cryptocurrencies, some are also exploring projects that continue developing products regardless of broader market conditions.
That trend has supported growing interest in AI-powered ecosystems throughout 2026.
How to Participate in the MemeToro Presale Joining the MemeToro presale remains a straightforward process.
Investors can visit the official presale portal, connect a compatible BNB Chain wallet, and purchase $MT using BNB, ETH, USDT, USDC, or a bank card.
After the transaction is confirmed, tokens are allocated through the participant’s presale account ahead of future distribution.
Beyond the presale itself, $MT functions as the utility asset across automated memecoin creation, decentralized prediction markets, staking, SocialFi participation, and future ecosystem services.
Why MemeToro Is Drawing Attention in July July’s market has created opportunities across both established cryptocurrencies and emerging presales. While Bitcoin continues defending key support and investors wait for stronger institutional participation, early-stage AI projects have continued expanding their ecosystems.
MemeToro ($MT) is following that path by developing several products before exchange listings begin. With Stage 3 now more than 78% sold and pricing still at $0.00154, the project remains one of the AI-focused presales many investors continue watching as the second half of 2026 unfolds.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Solana is now formally in the U.S. spot ETF conversation after a VanEck-linked proposal reached the SEC through a Cboe BZX rule filing.
For more details, visit the official SEC platform.
TL;DR A Solana spot ETF proposal has entered the SEC process through a Form 19b-4 filing.The filing argues that SOL should be treated as a commodity-style crypto asset rather than a security.Approval is not guaranteed, but the filing expands the ETF race beyond Bitcoin and Ethereum. The filing is important because spot crypto ETFs in the U.S. have so far been dominated by Bitcoin, with Ethereum products forming the next major battleground. Solana entering the process gives investors a clearer view of which altcoins institutions think can support a regulated fund wrapper.
Solana Gets Its ETF Test VanEck has been one of the more aggressive asset managers in digital assets, and the Solana filing fits that pattern. The central question is whether the SEC will accept the argument that SOL has enough market structure, liquidity, and regulatory clarity to sit inside a spot ETF product.
That is not a small hurdle. Bitcoin and Ethereum already had deep futures markets, years of institutional coverage, and extensive regulatory discussion before their fund structures advanced. Solana has strong network usage and a large market, but it also comes with a different history around outages, token distribution, and how regulators classify major altcoins.
Why The Filing Still Matters Even if approval takes time, the filing changes the conversation. It shows that major issuers are no longer waiting for the SEC to define the next wave of crypto ETF assets. They are forcing the question directly through the rule-change process.
For Solana, that matters beyond the immediate price reaction. ETF filings can reshape how advisers, institutions, and trading desks talk about an asset. SOL is no longer only being pitched as a high-speed chain for DeFi and memecoins. It is now being positioned as the next serious candidate for regulated U.S. fund exposure.
This report is based on the SEC filing for the proposed Solana ETF rule change.
This article was written by the News Desk and edited by Samuel Rae.
Sberbank, Russia’s largest bank, intends to launch a cryptocurrency wallet and a digital depository once the country’s crypto legislation takes effect, a step that would put a state-controlled lender at the center of Russia’s emerging digital asset market.
Kirill Tsarev, First Deputy Chairman of Sberbank’s Management Board, announced the plan to RBC Investments at the Bank of Russia Financial Congress. He said the bank will offer authorized cryptocurrency transactions in the Sber and SberInvestments apps after lawmakers adopt the bill “On Digital Currency and Digital Rights.”
Vladimir Chistyukhin, First Deputy Chairman of the Central Bank, said the law regulating the Russian crypto market is expected to take force on September 1. Tsarev said Sberbank plans to launch a crypto wallet within a few months of that date. The bank aims to build the infrastructure for cryptocurrency trading and to launch a digital depository for storing and accounting for crypto by December 1.
“As regulations emerge, we will prepare a service for our clients. Essentially, it will be a crypto wallet, which we will implement first in Sberbank Online and SberInvestments,” Tsarev said.
He added that firm deadlines will depend on the final text of the law and on the availability of updated Sber apps in online stores. Tsarev did not rule out that Android users will receive the new interface ahead of others.
A proposed amendment to the bill would let Russians trade on foreign exchanges through domestic intermediaries. Tsarev said Sberbank will consider becoming such an intermediary, though the decision will depend on regulatory requirements in Russia and abroad.
Russian banks are embracing crypto Sberbank has signaled its readiness to enter crypto trading as the country moves toward regulation.
The bank is not alone. Moscow Exchange announced a planned launch of cryptocurrency operations by the end of 2026, according to group representative Igor Marich.
VTB and T-Bank Group announced plans to create their own digital depositories for crypto once the law takes effect. Russia is weighing a simplified licensing path for bank-run crypto exchanges.
The framework, developed by the Ministry of Finance and the Bank of Russia, would establish licensed companies to keep records of digital assets, organize crypto trading, conduct digital-to-fiat exchange, and handle cross-border crypto settlements on behalf of clients.
Russians will gain the right to trade crypto on local exchanges after testing and within limits set for non-qualified investors, a move that opens Bitcoin access to retail investors.
Chistyukhin said crypto transactions under the new rules could begin in November 2026. A transition period will run until July 1, 2027, and criminal liability for violations will take effect in mid-2027.
Micah Zimmerman
Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.
BlackRock withdrew 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
According to monitoring by Onchain Lens, BlackRock has just purchased and withdrawn 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
1 seconds ago
Coinbase launches spot trading for Grove (GROVE)
According to official news, Coinbase announced it will list Grove (GROVE) for spot trading starting July 6, 2026. If liquidity requirements are met, the GROVE-USD trading pair will open in supported regions later today.
1 seconds ago
Influenced by news that Strategy sold Bitcoin to pay dividends, STRC rebounded to break above $90.
According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.
1 seconds ago
BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million
According to monitoring by Onchain Lens, BlackRock just purchased and withdrew 7,546 ETH from Coinbase Prime, worth approximately $13.2 million.
1 seconds ago
Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M.
The $DEXE price keeps climbing today. Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M. The highest return has reached 104.57%.
According to monitoring by Onchain Lens, publicly listed Bitcoin mining firm Riot Platforms has deposited 500 BTC, valued at around $30.9 million, with NYDIG Custody, likely for sale.
BlackRock withdrew 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
According to monitoring by Onchain Lens, BlackRock has just purchased and withdrawn 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
1 seconds ago
Coinbase launches spot trading for Grove (GROVE)
According to official news, Coinbase announced it will list Grove (GROVE) for spot trading starting July 6, 2026. If liquidity requirements are met, the GROVE-USD trading pair will open in supported regions later today.
1 seconds ago
Influenced by news that Strategy sold Bitcoin to pay dividends, STRC rebounded to break above $90.
According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.
1 seconds ago
BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million
According to monitoring by Onchain Lens, BlackRock just purchased and withdrew 7,546 ETH from Coinbase Prime, worth approximately $13.2 million.
1 seconds ago
Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M.
The $DEXE price keeps climbing today. Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M. The highest return has reached 104.57%.
According to monitoring by Onchain Lens, publicly listed Bitcoin mining firm Riot Platforms has deposited 500 BTC, valued at around $30.9 million, with NYDIG Custody, likely for sale.
President Donald Trump on Monday said he would not rule out the possibility of adding Bitcoin to the administration’s new Trump Accounts, telling reporters that “something could happen” when asked whether the government-backed savings programme could invest in the crypto asset, according to Reuters.
Trump Accounts are a federally backed savings and investment programme designed to give children an early stake in the US economy.
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The US Treasury has rolled out the nationwide launch of the Trump Accounts app, introducing full account functionality for families participating in the investment programme. Parents can now fund their accounts, monitor balances, review investment performance and manage contributions through the platform.
The app also includes 15 interactive financial education lessons covering key investment concepts, while adding features such as recurring deposits, linked bank accounts and personalised financial guidance. Treasury said the initiative is designed to expand stock ownership among young Americans and promote long-term financial security.
Officials said Trump Accounts are free to open, with contributions permitted from employers, charitable organisations and government programmes in addition to parents.
More than 50 companies have pledged to offer employer contributions, and enrolled families will be able to begin tracking investments from July 6.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
BlackRock withdrew 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
According to monitoring by Onchain Lens, BlackRock has just purchased and withdrawn 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
1 seconds ago
Coinbase launches spot trading for Grove (GROVE)
According to official news, Coinbase announced it will list Grove (GROVE) for spot trading starting July 6, 2026. If liquidity requirements are met, the GROVE-USD trading pair will open in supported regions later today.
1 seconds ago
Influenced by news that Strategy sold Bitcoin to pay dividends, STRC rebounded to break above $90.
According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.
1 seconds ago
BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million
According to monitoring by Onchain Lens, BlackRock just purchased and withdrew 7,546 ETH from Coinbase Prime, worth approximately $13.2 million.
1 seconds ago
Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M.
The $DEXE price keeps climbing today. Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M. The highest return has reached 104.57%.
1 seconds ago
Tom Lee: Rising ETH/BTC exchange rate indicates investors expect improved visibility of crypto use cases.
Chairman Tom Lee of BitMine, the largest Ethereum treasury, stated in a post that despite widespread market skepticism toward ETH, the rise in the ETH/BTC exchange rate shows investors are anticipating an improvement in the visibility of cryptocurrency use cases, which is a positive sign for the market.
Bitcoin has fallen about 54% from its October 2025 peak near 125,000 dollars, significantly less than the 75 to 90% crashes that ended previous cycles. According to a research note from investment bank Bernstein published on Monday, July 6, 2026, this more limited decline reflects a growing market maturity. The bank nevertheless maintains its target of 150,000 dollars for the end of the year, which it calls “ambitious”.
In Brief Bitcoin has dropped 54% since its October 2025 peak at 125,000 dollars, a decline lower than the 75 to 90% pullbacks of previous cycles according to Bernstein. Strategy acquired 175,000 BTC for about 14 billion dollars in 2026, bringing its holdings to 847,363 BTC, and remains a structurally net buyer. Combined net flows of ETFs and treasury companies reach 10 billion dollars in 2026, compared to 60 billion in 2025. Why this correction is different from previous ones Bernstein analysts, led by Gautam Chhugani, highlight that the current pullback has an atypical profile compared to historical bear markets. Previous corrections erased between 75 and 90% of gains at the peak, over periods of 12 to 15 months. This time, the drop caps at 54% and covers only three quarters of the cycle peak, a gap that is not explained by chance.
Flows confirm this less bleak picture than it seems. Combined inflows of treasury companies and ETFs reach 10 billion dollars since January 2026, compared to 60 billion over all of 2025. For investors following bitcoin accumulation by listed companies, Strategy concentrates most of these purchases.
Michael Saylor’s company has acquired about 175,000 BTC for nearly 14 billion dollars since the start of the year, thus bringing its total reserves to 847,363 BTC. Its debt represents only 13% of the value of its bitcoin collateral, and the next principal repayment of about 1 billion dollars is scheduled only for the third quarter of 2028. Bernstein therefore considers any forced sale unlikely, which makes Strategy a structurally net buyer on the market.
As for ETFs, 5.5 billion dollars of outflows on a base of 74 billion represent less than 8% of total assets under management. In an environment where liquidity concentrates on AI-related stocks, Bernstein believes this figure gives an impression of panic greater than the reality of flows.
American bitcoin miners lose ground, regulation progresses The global network hash rate has fallen about 11% since the beginning of the year, due to an accelerated withdrawal of large publicly traded American miners. They are redirecting their infrastructures towards data centers dedicated to AI.
Their share in the total hashing power has lost more than 40 basis points over the last two quarters, while operators from Southeast Asia, Central Asia, and Latin America gained about 100 basis points. Bernstein anticipates that major American miners will completely abandon bitcoin mining in the medium term.
On the regulatory front, several signals converge. The GENIUS stablecoin law is notably continuing its legislative journey. Perpetual futures on crypto are now being deployed in the United States via Kalshi and Coinbase.
Bernstein estimates about a 50% probability of Clarity Act adoption in 2026, based on Polymarket data. Tokenized physical assets have also reached an all-time high of about 52 billion dollars, a sign of the growing depth of institutional crypto markets.
In sum, the duration of the correction remains below the usual 12 to 15 months of previous bear cycles. Bernstein monitors flows to detect “the slightest sign of recovery.” Strategy as a net buyer, accelerating regulation, contained ETF outflows: the conditions for a reversal are taking shape. The market will decide if they are sufficient.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.
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BlackRock withdrew 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
According to monitoring by Onchain Lens, BlackRock has just purchased and withdrawn 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
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Coinbase launches spot trading for Grove (GROVE)
According to official news, Coinbase announced it will list Grove (GROVE) for spot trading starting July 6, 2026. If liquidity requirements are met, the GROVE-USD trading pair will open in supported regions later today.
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BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million
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The $DEXE price keeps climbing today. Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M. The highest return has reached 104.57%.
According to monitoring by Onchain Lens, publicly listed Bitcoin mining firm Riot Platforms has deposited 500 BTC, valued at around $30.9 million, with NYDIG Custody, likely for sale.
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Tom Lee: Rising ETH/BTC exchange rate indicates investors expect improved visibility of crypto use cases.
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In brief TeraWulf signed a 20-year lease with Anthropic for a ~401 MW AI data center campus in Hawesville, Kentucky, expected to generate ~$19 billion in revenue. The firm is also selling its 50.1% stake in the Abernathy Joint Venture to a group led by partner Fluidstack, cashing out its ~$450 million investment at a premium. Bitcoin mining stocks are broadly up big early Monday, led by TeraWulf and IREN. Bitcoin miner TeraWulf is placing a major bet on artificial intelligence, striking a 20-year lease with Anthropic that the company says could bring in roughly $19 billion in revenue while shedding part of its stake in a separate Texas data center project.
Shares in TeraWulf (WULF) spiked following the announcement, recently trading at $24.05—a nearly 14% jump on the day.
However, the move appears to have boosted confidence across a slate of Bitcoin mining firms that are increasingly leaning into AI compute, with IREN shares up more than 13%, Hut 8 up 12%, and Cipher Digital rising 11%. Keel Infrastructure (formerly Bitfarms), which rebranded and exited Bitcoin mining entirely to focus on AI, is also up 10% on the day.
Under the deal announced Monday, Anthropic will occupy a purpose-built campus at TeraWulf's Justified Data site in Hawesville, Ky., a facility expected to eventually support about 401 megawatts of computing capacity. The first phase is slated to come online in the second half of 2027, with the site reaching full capacity by early 2028. TeraWulf said the lease is expected to be supported by an investment-grade credit rating.
The Maryland-based company, traditionally known for Bitcoin mining, has been pivoting toward AI infrastructure as demand for computing power used to train large language models has surged. Anthropic, the AI company behind the Claude chatbot, is one of several major players racing to secure long-term power and data center capacity as it scales up its models.
In a separate move, TeraWulf agreed to sell its 50.1% stake in the Abernathy Joint Venture—a Texas data center project developed with partner Fluidstack—to an investor group led by Fluidstack. The transaction monetizes TeraWulf's roughly $450 million investment at a premium to invested capital. Fluidstack will take over leadership of the project going forward.
“When we announced the Justified Data campus acquisition in February, we told investors that we expected to secure a major customer commitment by around the end of the second quarter of 2026,” said TeraWulf Chairman and CEO Paul Prager, in a statement. “The timing of today's announcement reflects the completion of final documentation and customary transaction processes, and we are proud to announce this landmark partnership with Anthropic.”
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Ethereum price outlook strengthened Monday as traders watched Vitalik Buterin’s latest roadmap comments. Buterin said Lean Ethereum will unfold over three to four years. The plan represents a significant post-The Merge protocol rebuild.
Bitcoin price hovered above $63,000 following a recovery last week as ETH was approaching the level of 1,800 resistance. XRP price showed strength after breaking its falling channel.
Ethereum Prepares for Biggest Upgrade Since The Merge, Vitalik Says Vitalik Buterin called Lean Ethereum the next significant step of the network. He contrasted its size with The Merge, which transformed Ethereum a consensus system in 2022. The new roadmap does not consist of an upgrade. Rather it is a sequence of protocol modifications over a number of years.
Buterin indicated that almost all significant protocol components were replacable. The idea is to ensure Ethereum is quicker, more confidential, and resistant to future quantum hazards. Developers also desire the network to enhance without disrupting existing applications. This fact is important as Ethereum is compatible with various wallets, exchanges, DeFi apps, and layer-2 networks.
BREAKING: Ethereum is preparing for its biggest upgrade since The Merge, per Vitalik.
This means Ethereum will rebuild nearly every core part of itself over the next 3 to 4 years, making it faster, more private, and quantum-safe, without breaking any apps built on it. pic.twitter.com/7CYMHHrqkc
— Ash Crypto (@AshCrypto) July 6, 2026
The roadmap followed talks among Ethereum researchers in Berlin in late June. It also builds on the draft strawmap introduced earlier this year. That plan outlines several upgrades through 2029. The roadmap is now considered a guarantee to Ethereum by market watchers.
Analyst Predicts ETH Price Could Rally 10% If Support Holds Crypto analyst said Ethereum price has reclaimed its February 2026 lows after its latest rebound. He said future ETH outlook must hold this level to support another 8% to 10% rally. This is an area that now has to be defended by buyers to maintain short-term momentum.
$ETH has reclaimed the Feb 2026 lows.
Ethereum needs to hold above this level for another 8%-10% rally. pic.twitter.com/gOdC3fO9cJ
— Ted (@TedPillows) July 6, 2026
The chart also indicated resistance at around $1,800 and $1,873, which could determine the next Ethereum action. The potential breakout would redirect the focus towards the $2,000 zone. Nonetheless, the inability to hold the reclaimed low could undermine the bullish formation. Traders can then observe the lower demand region at about $1,555 in the event.
Ethereum Price Analysis The ETH price traded at $1,757 four-hour chart. Ether price fell by 0.80%, and the trading day started around $1,775. The move came after ETH failed to hold above the $1,800 resistance line. The nearest support is the $1,700 line in case the selling pressure persists.
There was also less buying strength indicated by the momentum indicators. The RSI stood at 66. This suggests ETH still holds positive momentum, but buyers have lost some control.
Source: Tradingview The MACD also indicated that following the recent recovery there was a cooling trend. Its histogram became negative and exhibited slower upward movement. To regain a stronger bullish trend, ETH might require a clean break of over $1,800.
Ether ETH derivatives data indicated that there was a mixed trading with a drop of 0.99% volume at $27.23 billion. Nevertheless, open interest increased 0.50% to 24.53 billion, an indication of new positioning in the futures markets.
Source: Coinglass data Options activity looked stronger, with volume jumping 8.94% to $486.14 million. Options open interest also climbed 1.12% to $4.09 billion. The numbers indicate that the exposure of traders did not decrease despite slight pullback in the levels of total volumes.
The cryptocurrency market is experiencing widespread weakness on Monday, with Bitcoin (BTC) sliding under the $63,000 mark amid ongoing risk aversion. Major altcoins, including Ethereum (ETH) and Ripple (XRP), are following suit, trending lower toward key support levels at $1,700 and $1.10, respectively.
Persistent capital outflows weigh on Bitcoin and EthereumRisk sentiment in the crypto market remains significantly subdued, weighed down by macroeconomic headwinds, geopolitical uncertainties, and a dearth of clear catalysts. Despite the crypto Fear & Greed Index ticking up to 24 on Monday, from an average of 12 last week, appetite for risk assets has not improved.
Crypto Fear & Greed Index | Source: AlternativePersistent outflows from US-listed Bitcoin spot Exchange-Traded Funds (ETFs) underscore waning institutional interest, with $527 million withdrawn last week alone. This marks the eighth consecutive week of net redemptions, reinforcing the ongoing bearish narrative.
Despite the outflows, cumulative inflows remain positive at $51 billion, while net assets under management average $74 billion.
Bitcoin ETF flows | Source: SoSoValueEthereum spot ETFs present a similar grim picture to Bitcoin, with outflows totaling $14 million last week, down from $273 million the previous week. According to SoSoValue, ETH ETF outflows have persisted for the eighth consecutive week, reflecting ongoing institutional investor caution.
Despite the current market headwinds, cumulative inflows hold steady at $11 billion, with total assets under management at $9 billion, signaling that conviction among long-term investors remains resilient.
Ethereum ETF flows | Source: SoSoValueInterest in XRP spot ETFs holds steady, outperforming both Bitcoin and Ethereum to post nearly $12 million in inflows last week. With nine straight weeks of inflows, interest in XRP-related digital investment products remains intact despite the headwinds and broader risk-off sentiment.
Cumulative inflows hold steady at $1.49 billion while net assets under management average $988 million, according to SoSoValue data.
XRP ETF flows | Source: SoSoValuePrice analysis: Bitcoin trades under increasing pressureBitcoin remains capped below a dense ceiling of moving averages, with the 50-day Exponential Moving Average (EMA) at $65,739 and the 100-day EMA at $69,453 reinforcing a broader downtrend defined by the resistance trendline near $71,371.
The Crypto King holds just above the Bollinger middle band around $61,936, suggesting tentative near-term support, while the Relative Strength Index (RSI) hovers around 49, pointing to neutral momentum despite a still-positive Moving Average Convergence Divergence (MACD) histogram, which hints that bullish pressure is not yet strong enough to reclaim the overhead structure.
BTC/USDT daily chartOn the topside, initial resistance emerges at the Bollinger upper band near $65,513, followed by the 50-day EMA around $65,739 and the 100-day EMA close to $69,453. Beyond these levels, the downtrend break zone at $71,371 and the 200-day EMA near $75,529 form a broader supply region.
On the downside, immediate support is lies at the Bollinger middle band around $61,936, with further demand near the lower Bollinger band at approximately $58,359. A sustained break below these levels would expose the pair to a deeper leg lower within the prevailing bearish bias.
Ethereum bears tighten grip amid deepeningEthereum trades at $1,756, keeping a bearish near-term bias as price holds below key EMAs. The 50-day EMA at $1,805 and the SuperTrend line around $1,805 form a tight resistance cluster just overhead, while the 100-day and 200-day EMAs at $1,972 and $2,256 respectively sit well above the market, reinforcing a broader downtrend.
Still, momentum has improved, with the MACD line above its signal and in positive territory and the RSI hovering slightly above 50, hinting that recent buying pressure is attempting to challenge this overhead supply.
ETH/USDT daily chartOn the topside, immediate resistance is defined by the $1,805 zone, where the SuperTrend and 50-day EMA converge. A sustained break above this area would expose the next hurdle at the 100-day EMA near $1,972, ahead of the more substantial 200-day EMA barrier around $2,256.
The smart contracts token remains vulnerable to persistent headwinds, with traders likely watching price behavior around the $1,700–$1,750 band for signs of whether the nascent momentum can persist or the dominant bearish trend reasserts itself.
XRP eyes short-term support as headwinds intensify XRP remains capped in the near term, with price holding below the 50-day EMA at $1.18 and well under the 100-day and 200-day EMAs at $1.29 and $1.50 respectively, reinforcing a broader bearish structure despite the recent bounce.
The MACD has turned positive and is edging higher, while the RSI hovers around the neutral 50 line, suggesting improving but still fragile momentum as price oscillates between the Bollinger Bands’ midline and upper layers.
XRP/USDT daily chartOn the topside, initial resistance is seen at the upper Bollinger Band near $1.20, with the 50-day EMA at $1.18 acting as a nearby dynamic barrier that needs to be reclaimed to ease downside pressure. Above these barriers, the 100-day EMA at $1.29 and the 200-day EMA at $1.50 define subsequent resistance layers. Looking down, the Bollinger middle band around $1.10 provides the first notable support, ahead of the lower band near $1.01, where a break would likely reopen the bearish leg toward lower levels.
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Bitcoin, altcoins, stablecoins FAQs Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
TL;DR
XRP's Binance Scarcity Index jumped to 0.77 in early July, the highest reading since summer 2024, as whales pull coins into non-custodial wallets while price holds near $1.14.A BitGo-custodied wallet moved 114.9 billion SHIB, worth about $502,230, into a previously inactive cold wallet, a signal of accumulation rather than sell pressure.Strategy CEO Phong Le published a manifesto calling Bitcoin a "guarantor of monetary freedom," even as the company sold 3,588 BTC for $216 million across two tranches.Bitcoin fell below $62,000 as the miner stress index hit 0.00, matching capitulation lows from 2015, 2018, 2020, and 2022.Markets are watching the July 7 NY Fed inflation expectations and July 8 FOMC minutes as the next directional catalyst.Binance records XRP's deepest scarcity since 2024XRP entered the third quarter of 2026 with a sharp imbalance in its supply structure. According to fresh on-chain data from CryptoQuant, published this Monday, Binance has recorded a historic draining of XRP order-book liquidity.
The specialized Binance XRP Scarcity Index made a vertical jump to 0.77 in the first days of July — the highest level of liquidity shortage since the summer of 2024.
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Analysts at Arab Chain stress that the worsening scarcity is isolated in nature. While XRP's spot price is trading near $1.14, attempting to hold above local resistance after a push to $1.159, the freely circulating supply of coins is shrinking quickly.
XRP Binance Scarcity Index from January 2024 to July 2026, Source: CryptoQuantThe trend shift is being driven by large holders: around the turn of the half-year, whales minimized new deposits and intensified withdrawals to non-custodial wallets, effectively removing tokens from the market.
Historically, this kind of reserve drain at the start of July has acted as a strong leading indicator. Selling pressure declines, while the situation in the order books tightens like a spring, and since July traditionally opens a period of higher activity for XRP, any local inflow of buyer demand — against the backdrop of continued inflows into XRP ETFs — could trigger a sharp price impulse.
The nearest target for the start of a rally is the $1.17–$1.20 zone, while in the case of market cooling, the asset could return to firm support at $1.10.
BitGo whale hides 114 billion Shiba Inu coins in a new walletWhile the crypto market opens July 2026 in prolonged consolidation, major players have begun hidden maneuvers. A whale used the BitGo custody service and withdrew 114.9 billion SHIB through the WalletSimple platform in two transactions, according to Arkham.
This entire massive token volume settled at a completely new address that had previously been inactive. At the current rate on July 6, 2026, which is holding near $0.0000044 per token, the wallet balance is valued at approximately $502,230.
Fresh wallet '0x873366' absorbing 114.9 billion SHIB from BitGo, Source: ArkhamAccording to on-chain tracker data, SHIB tokens were transferred directly to a cold address, bypassing the hot wallets of centralized trading platforms.
This route means there is no immediate pressure on the meme coin's market order book. For the current market phase, this is a classic marker of preparation for a large over-the-counter deal or a transfer of assets into long-term storage by a major fund.
Further activity from this wallet is worth watching especially closely for Shiba Inu token holders.
Strategy manifests freedom while the market counts its million-dollar salesAt the start of the new week, Strategy CEO Phong Le published the "Bitcoin is Freedom" manifesto, calling the first cryptocurrency "the United States of money." The executive drew a parallel between the blockchain's algorithmic code and the U.S. Constitution, arguing that the protocol replaces bureaucracy and official interventionism with transparent rules, decentralized consensus, and limited issuance.
According to Le, the network reproduces a model of capitalism with free competition and protection of property rights without being tied to geography.
However, the loud rhetoric about Bitcoin's long-term resilience coincided with a large corporate move into cash, adding sharpness to the piece. Fresh corporate reporting for the past week showed that, at the turn of the quarter, Strategy reduced its reserves by 3,588 BTC, selling coins in two tranches: 1,363 BTC at the end of June and another 2,225 BTC between July 1 and July 5.
Dynamic of Bitcoin price amid statement from CEO Le and recent announcement of BTC sale, Source: TradingViewThe sale brought the company $216 million in total, increasing its dollar reserves to $2.55 billion as of July 5, 2026.
At the start of the third quarter of 2026, Strategy still holds its position as the largest whale, with a balance of 843,775 BTC, while the value of its digital assets at the end of Q2 stood at $49.67 billion. At the same time, the audit revealed an accumulated unrealized loss of $8.31 billion.
The contrast between the CEO's statements about Bitcoin as a "guarantor of monetary freedom" and sales aimed at protecting financial metrics triggered skepticism among observers. On the news of growing sales from Strategy, Bitcoin fell below the psychological $62,000 mark.
Pressure from a key institutional player clearly triggered a wave of local sell-offs, forcing traders to reassess risks while corporate leadership discusses the global freedom of blockchain.
Crypto market outlook: Saylor and miner capitulation pressure Bitcoin near July's key trendlinesBitcoin is testing the strength of the $62,000 support zone, reacting to a confirmed breakdown of the local long-term trend amid news of BTC sales by Michael Saylor. The market has frozen ahead of the FOMC minutes, which will determine whether the current sell-off turns into a full move toward $58,000 or launches a V-shaped reversal.
Key checkpoints:
BTC/USD technical breakdown: The price impulsively broke below the support line near $62,500 with a vertical red candle, briefly dropping to $62,118. The main horizontal volume area, according to the VRVP POC, was traded higher — in the $62,600–$62,850 range — turning this zone into local resistance. Meanwhile, the RSI(14) fell to 37.73, confirming the development of downside momentum.Absolute miner capitulation: The miner stress index fell to 0.00, matching the lows of 2015, 2018, 2020, and 2022. The realized profit/loss ratio is at a 43-month low. The total amount of BTC held at a loss reached 10.5 million, which has historically pointed to the formation of a macroeconomic bottom.Macroeconomic trigger on July 7: The release of the NY Fed's consumer inflation expectations for June. A decline in the figures would strengthen the probability of Federal Reserve monetary easing after weak NFP data showed only 57,000 new jobs.FOMC minutes on July 8: The release of the Fed minutes will define the medium-term trend. Dovish rhetoric would trigger a short squeeze, while hawkish signals would send the price to test the key $60,000–$62,000 support zone. You Might Also Like
XRP may be close to a major breakout against Bitcoin after years of underperformance.
The XRP/BTC trading pair is approaching a key technical turning point. If the breakout happens, XRP could significantly outperform the world’s largest cryptocurrency.
The bullish outlook comes as XRP continues to consolidate below a long-term descending trendline. That resistance has capped rallies since the token’s 2018 peak. XRP is currently trading at $1.13, up 9% from the previous week’s low of $1.009.
This strength is also visible on the XRP/BTC chart, which has gained 2.7% over the past week, suggesting XRP is outperforming Bitcoin during the ongoing recovery.
XRP/BTC Breakout Could Lead to 10x Surge Notably, the long-term XRP/BTC chart highlights a descending resistance line that has remained in place since 2018. Now, the pair is nearing the apex of the pattern, suggesting a breakout may be getting closer.
The chart shows XRP/BTC trading around 0.000018 BTC while testing the upper boundary of the multi-year downtrend. XRP is also facing a major resistance zone near its 2018 highs. If XRP eventually returns to that level, the pair could gain more than 1,040%.
In other words, XRP could outperform Bitcoin by roughly 10 times during the breakout. This would put XRP’s price around $13 by the time Bitcoin reaches its next all-time high, with the XRP/BTC ratio rising to around 0.0001800 from approximately 0.00001807 today.
XRP/BTC Chart Price Will Be the Main Catalyst Meanwhile, this outlook has sparked optimism in the XRP community. One user on X asked what would drive XRP into the double-digit price range if it rallies before Bitcoin sets a new all-time high. The investor wondered whether utility, spot ETFs, regulatory clarity, or retail demand would be the primary catalyst.
Community figure Celal Kucuker argued that price itself would be the biggest catalyst. He said that once XRP starts making higher highs against Bitcoin, improving market sentiment would attract more buyers.
Other bullish developments could support the rally, but they would likely act as secondary catalysts rather than the initial trigger.
Years of Compression May Set Up a Strong Move Another market participant noted that XRP has traded below its 2018 valuation relative to Bitcoin for several years. He suggested that such a prolonged period of weakness could eventually end with a sharp breakout.
Others agreed with the view, noting that markets often produce stronger moves after extended periods of compression. Essentially, the XRP/BTC pair has been building energy for years, and that could make any confirmed breakout more significant.
Ultimately, the journey for XRP to climb above $10 remains challenging, as the token is currently trading at $1.13 while the market remains in a bearish phase. However, this outlook could play out when the next bull cycle emerges.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
In brief BitMine added more than $73 million in Ethereum last week, pushing it closer to 5% of the total circulating supply. The firm now holds more than 5.74 million ETH, 4.87 million of which is staked for yield. Shares of BMNR, which were recently added to the Russell 1000 index, are up more than 5% since market open. Publicly traded Ethereum treasury firm BitMine Immersion Technologies added around $73 million in ETH last week while Strategy, its leading Bitcoin counterpart, dumped $216 million in BTC to pay dividend obligations.
BitMine now maintains a treasury of 5,742,237 ETH—more than 4.7% of the Ethereum circulating supply—valued at nearly $10 billion, as ETH changes hands at $1,752.
The latest acquisition represents a step up from last week’s $43 million acquisition as BitMine Chairman Tom Lee—an investor in Dastan, the parent company of Decrypt—maintains the view that a period of crypto prosperity is just beginning, pointing to increased odds of the passage of the Clarity Act as another piece of evidence.
“Over the past few days, investors have become more optimistic about the passage of the Clarity Act with prediction markets now seeing approximately 50% probability, the highest odds in two weeks,” said Lee in a statement.
“We believe regulatory clarity is an important milestone, enabling crypto, particularly smart contract platforms like Ethereum, to benefit, as crypto becomes part of our everyday life,” he added.
Odds of the bill’s passage this year sit around 48% on Polymarket as of Monday morning, up 4% in the last week, but down 34% from a February high of around 82% in support of passage before the end of 2026.
Shares in BitMine reflect some additional investor optimism on Monday, jumping more than 5% shortly after market open to trade around $15.14 per share. The stock’s recently addition to the Russell 1000 index is expected to significantly impact the institutional ownership of the firm’s shares, according to Lee.
"Being added to the Russell 1000 is expected to add hundreds and possibly thousands of additional institutional investors as equity owners of BitMine," he said.
In addition to its ETH purchase, the firm has increased its staked ETH to 4,879,157 or nearly 85% of its entire stack, bringing its projected annualized staking revenue to $235 million.
ETH has gained more than 10% in the last week to change hands around $1,752, but remains 65% off its all-time high of $4,946.
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In brief BitMine added more than $73 million in Ethereum last week, pushing it closer to 5% of the total circulating supply. The firm now holds more than 5.74 million ETH, 4.87 million of which is staked for yield. Shares of BMNR, which were recently added to the Russell 1000 index, are up more than 5% since market open. Publicly traded Ethereum treasury firm BitMine Immersion Technologies added around $73 million in ETH last week while Strategy, its leading Bitcoin counterpart, dumped $216 million in BTC to pay dividend obligations.
BitMine now maintains a treasury of 5,742,237 ETH—more than 4.7% of the Ethereum circulating supply—valued at nearly $10 billion, as ETH changes hands at $1,752.
The latest acquisition represents a step up from last week’s $43 million acquisition as BitMine Chairman Tom Lee—an investor in Dastan, the parent company of Decrypt—maintains the view that a period of crypto prosperity is just beginning, pointing to increased odds of the passage of the Clarity Act as another piece of evidence.
“Over the past few days, investors have become more optimistic about the passage of the Clarity Act with prediction markets now seeing approximately 50% probability, the highest odds in two weeks,” said Lee in a statement.
“We believe regulatory clarity is an important milestone, enabling crypto, particularly smart contract platforms like Ethereum, to benefit, as crypto becomes part of our everyday life,” he added.
Odds of the bill’s passage this year sit around 48% on Polymarket as of Monday morning, up 4% in the last week, but down 34% from a February high of around 82% in support of passage before the end of 2026.
Shares in BitMine reflect some additional investor optimism on Monday, jumping more than 5% shortly after market open to trade around $15.14 per share. The stock’s recently addition to the Russell 1000 index is expected to significantly impact the institutional ownership of the firm’s shares, according to Lee.
"Being added to the Russell 1000 is expected to add hundreds and possibly thousands of additional institutional investors as equity owners of BitMine," he said.
In addition to its ETH purchase, the firm has increased its staked ETH to 4,879,157 or nearly 85% of its entire stack, bringing its projected annualized staking revenue to $235 million.
ETH has gained more than 10% in the last week to change hands around $1,752, but remains 65% off its all-time high of $4,946.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Bitmine (NYSE: BMNR) stock price is up by 4.28% today, July 6, to trade at $14.98 at the time of writing. These gains come after Bitmine announced that it bought an additional 42,197 ETH, with this purchase taking place during the same week that Strategy sold 3,588 BTC.
Bitmine’s Ethereum Holdings Reach 5.74 million ETH Bitmine has disclosed that it now holds 5,742,237 ETH after buying 42,197 coins between June 29 and July 3. The Ethereum treasury company now holds 4.8% of the entire Ethereum supply.
The recent purchase has also increased the amount of ETH that Bitmine has staked to 4,879,157 coins, with this staked amount being 85% of the Ethereum it holds. Bitmine notes that the staked ETH generates a yield of around $235 million every year.
Bitmine’s purchase has stirred gains for the BMNR stock because it moved from an opening price of $14.39 to $15.04 at the time of writing.
But while BMNR stock gained, Strategy (NASDAQ: MSTR) dropped by 1.17% after Strategy sold 3,588 BTC to buy back the STRC stock.
The divergence between the two crypto stocks suggests that investors could be betting on a HODL strategy by crypto treasury companies.
BMNR Stock Outlook as Bulls Target Key Resistance Level The price of BMNR stock is testing the resistance of $15 after its 4% gain. The last time that Bitmine shares traded above this obstacle of $15 was on June 23.
If BMNR closes above $15, the next obstacle lies at the 50-day EMA level of $15.88, with a move above this EMA set to suggest that the trend is shifting in favor of bulls.
The RSI reading of 53 also supports a bullish BMNR stock forecast. This RSI has moved from a reading of 31 on June 30 to 53 on July 6, suggesting that the momentum is now favoring bulls.
BMNR Stock Price If bulls weaken their grip and investors that want to book profits after the recent gains begin to sell, the crypto stock could move to the support level of $13.
Bitmine’s Chairman Tom Lee Flips Bullish on Stocks in July The gains seen with the BMNR stock price come as the chairman of Bitmine, Tom Lee, says that US stocks are going to rise in July 2026.
Lee was speaking in an interview with CNBC’s Squawk Box, where he opined that the companies that will report their Q3 earnings in July are going to surpass Wall Street expectations, and this could cause stock prices to rise.
He also added that the S&P 500 index could rise from the current 7,500 points and reach 8,000 points in 2026.
Bitmine will release its earnings for the period between April 2026 and June 2026 on July 29, and Wall Street expects the company’s revenue to reach $45 million.
Dogecoin has climbed above a long standing downward trend line, a move that now sees this level acting as a critical support. Investors are watching closely: if buyers manage to defend this zone, analysts believe DOGE could gather strength and target the 0.12 dollar region. At the same time, experts caution that there’s no clear sign of a lasting reversal against Bitcoin just yet.
Ongoing compression on the DOGE/BTC chartThe monthly DOGE/BTC chart shows Dogecoin remains locked in a lengthy consolidation phase when measured against Bitcoin. After two powerful bull surges in previous cycles, DOGE has continued trading below a major long-term descending resistance. This pattern suggests a new bullish wave may not be immediate and could instead depend on broader market inflows.
According to Cryptollica, the anticipated breakout for DOGE/BTC in 2024 has failed so far, with the pair still squeezed near major long-term support. That’s why there’s not enough evidence to claim a fresh Dogecoin bull run against Bitcoin is underway.
Cryptollica points out that Dogecoin typically thrives during periods when appetite for risk is rising and capital shifts into more speculative assets, a dynamic that usually requires either weakening Bitcoin dominance or a stronger ETH/BTC structure.
The analyst notes that subdued interest, weak confidence, and investors holding unrealized losses were also featured ahead of past strong rebounds. Yet, these similarities alone don’t guarantee a new breakout. In this scenario, the most important threshold is clearly the long-term descending resistance—should Dogecoin manage a sustained move above it, outperformance against Bitcoin could once again be in play.
Support retest dominates the daily DOGE/USDT chartOn the daily DOGE/USDT chart, technicals are looking slightly more constructive. After correcting from its May peaks, DOGE broke upward through its long-term downward trend line and is currently retesting this same area as support. Technicians emphasize the significance of these “retests” to determine if a former resistance is turning into reliable support.
Mini glossary: Capital rotation means investors move funds from one type of asset to another with higher risk or return potential. In crypto, this is often seen as money flowing from Bitcoin into altcoins.
Celal Kucuker highlights that Dogecoin currently offers one of the cleanest altcoin setups from a technical standpoint, and that the key signal lies in whether this trend line support continues to hold. The chart’s first major support sits at 0.0713 dollars, and keeping the price above this zone is regarded as critical to preserving the bullish setup.
Celal Kucuker believes the main focus for Dogecoin should be on whether the trend line functions as support; if it holds, the rally could gain momentum more rapidly than expected.
Under the bullish scenario, 0.0905 dollars is identified as the first major target, with the broader objective landing near 0.1187 dollars. This higher region is close to the important 0.12 dollar resistance and could offer another key inflection point.
IndicatorLevelSignificanceSupport0.0713 dollarsMonitored to maintain recovery structureFirst target0.0905 dollarsShort term upside areaMain target0.1187 dollarsZone near 0.12 dollar resistanceNo confirmation yet for a completed turnaroundStill, the current structure is far from confirmed. If DOGE fails to maintain its footing above the trend line, momentum could stall and price action might slip back into a sideways pattern. Thus, in the near term, the critical signal will be how buyers handle this ongoing support test.
In summary, the daily chart is showing firmer signs of improvement, while the long-term trend versus Bitcoin calls for patience. For Dogecoin to move decisively higher, not only must technical supports hold, but risk appetite for altcoins must also pick up across the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
According to monitoring by OnchainLens, the smart money address 0x15a, which has been dormant for several months, deposited $1 million USDC into Hyperliquid and opened a 40x leveraged long position of 200 BTC, with the position valued at roughly $12.58 million. The address’s last on-chain activity occurred in March this year, and its historical cumulative profit from perpetual contracts stands at approximately $2.28 million.
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Jiang Zhuoer, founder of BTC mining pool BTC.TOP, posted that U.S. crypto asset firm Strategy has sold 3,588 BTC for $216 million. This marks Strategy’s first large-scale BTC sell-off, carried out despite holding $2.55 billion in cash reserves — enough to cover 17.6 months of interest payments — and voluntarily selling more BTC than required to meet its interest obligations. This move signals the breakdown of Strategy’s long-held "never sell BTC" narrative. Jiang said he does not understand the reason behind Strategy’s current large-scale sell-off, noting that even if it lacks U.S. dollars, it could continue raising funds by issuing additional common stock. While this would reduce BTC holdings per share, he argues that preserving the "never sell" narrative and related beliefs is far more important than per-share BTC metrics. If Strategy fails to repurchase BTC at lower prices after the sell-off, it will also lead to a decline in per-share BTC holdings. Jiang added that Strategy’s willingness to bear this cost can only be interpreted as its preparation to conduct significant BTC swing trading. Jiang further stated that the 20,000 BTC already approved by Strategy’s board will almost certainly be sold in full. He believes that during the upcoming bull market phase, the market may witness a sell-off by an entity holding hundreds of thousands of BTC.
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Grayscale Research Head Zach Pandl published a note stating that in his view, Strategy’s sale of Bitcoin is a necessary move to restore market confidence in STRC and its overall structure. Last week’s partial Bitcoin sale by Strategy further reduced short-term tail risks for Bitcoin, and STRC is expected to continue performing well going forward. As previously reported, Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves stood at 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.
Jin Builds on a Profitable Zcash PlaybookBitcoin OG Garret Jin (@GarrettBullish) has raised his 2x leveraged $ZEC short to 32,759.57 tokens, bringing the position's notional value to roughly $14.9 million, according to Onchain Lens. The move is consistent with a pattern Jin has maintained across multiple Zcash trades. His two prior ZEC trades were both closed in profit, generating a combined gain of $11.66 million, with the earlier win coming after Zcash's sharp selloff triggered by the discovery of a critical network vulnerability in its Orchard Pool privacy protocol.
Jin's bearish conviction on Zcash has grown incrementally. What began as a smaller opening position has since been scaled up on Hyperliquid, the decentralised perpetuals platform where his trades are publicly visible and closely tracked by on-chain analysts.
Bitcoin Long Remains the Bigger RiskAlongside the ZEC short, Jin continues to hold a separate 5x leveraged $BTC long consisting of 1,268.33 BTC, entered at an average price of $76,117. That position currently carries a floating loss of approximately $16 million, reflecting Bitcoin's decline from Jin's entry level.
The two-sided book sets up an asymmetric risk profile: a weakening ZEC works in Jin's favour on the short leg, while a $BTC recovery would ease pressure on the long. If both trades move against him simultaneously, the losses could compound quickly given the leverage involved. Jin is associated with the entity known as the "1011 Insider Whale," a wallet closely monitored by market analysts due to the scale of its positions.
Sources:
Crypto Adventure: Garrett Jin Shorts ZEC Again With $4.92M Position
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Spot Bitcoin ETFs traded in the United States recorded $526.64 million in net outflows between June 29 and July 2. With this latest development, the streak of withdrawals from these products has now reached its eighth consecutive week. This marks the longest continuous weekly outflow period seen since spot Bitcoin ETFs launched in the US.
Outflows continue in Bitcoin and Ethereum fundsThe cautious approach from institutional investors, combined with weaker momentum in Bitcoin, was clearly reflected in ETF data. According to SoSoValue, the total net assets of US spot Bitcoin ETFs fell to around $74.37 billion. In the same period, Bitcoin traded near $61,500. During June alone, outflows from these products totaled approximately $4.5 billion, underlining the sustained pressure in the market.
Wu Blockchain reported that US spot Bitcoin ETFs saw nearly $527 million in net outflows over the period from June 29 to July 2, bringing the outflow streak to eight consecutive weeks.
Spot Ethereum ETFs mirrored this trend. In the same timeframe, Ethereum ETFs experienced $13.67 million in net redemptions, also marking their eighth straight week of outflows. The simultaneous withdrawals from funds tied to the two largest digital assets signal that investor appetite for risk remains subdued across the sector.
Diverging trends in altcoin ETFsWhile Bitcoin and Ethereum products continued to lose assets, certain altcoin ETFs bucked the trend by attracting fresh capital. Spot Solana ETFs posted $5.75 million in net inflows for the week. XRP ETFs stood out with $17.19 million in new investments, representing the strongest performance in the altcoin ETF category. Hyperliquid ETFs also saw positive flows, gaining $4.32 million in net inflows despite a noticeable slowdown compared to previous weeks.
Glossary: SoSoValue is a data platform commonly used to track ETF flows and market metrics in digital asset markets. Net inflow refers to the difference between money entering and exiting a fund.
This divergence suggests that, rather than exiting the crypto ETF market entirely, some investors are reallocating capital toward alternative digital assets. Although Bitcoin remains the predominant option among institutional vehicles, select interest in altcoin-based products appears to be holding steady.
Brief signs of recovery prove short-livedDespite a weak weekly outlook, there were limited signs of recovery at the period’s close. On July 2, US spot Bitcoin ETFs attracted over $221 million in daily net inflows, breaking a 10-day outflow streak. However, this single-day shift was not deemed sufficient to reverse the broader eight-week trend.
Market observers attribute the prolonged outflows to macroeconomic uncertainty, rising interest rate expectations, and diminished risk appetite. With pressure persisting on Bitcoin, it appears institutional investors continue to scale back their exposure by redeeming ETF shares.
In the period ahead, ETF flows are expected to serve as a key gauge of institutional sentiment. Sustained net inflows could suggest renewed confidence in Bitcoin, while ongoing outflows may indicate demand will remain muted until broader market conditions improve.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Key Takeaways Blockchain security company Coinspect has identified a critical security weakness dubbed “Ill Bloom” that impacts cryptocurrency wallets on Bitcoin, Ethereum, Polygon, Tron, Solana, and additional networks The security issue originates from inadequate random number generation used when creating wallet recovery phrases in specific mobile wallet applications Hackers have successfully stolen a minimum of $5 million starting May 27, including one coordinated assault that emptied 431 wallets totaling $3.1 million The vulnerability has existed since 2018, meaning wallets created years ago could still be compromised Users can verify their wallet’s safety using a complimentary verification tool provided by Coinspect Coinspect, a prominent blockchain security organization, has revealed a critical security flaw named “Ill Bloom” that threatens thousands of cryptocurrency wallets worldwide.
The security weakness is rooted in insufficient randomness during the seed phrase generation process used by certain software wallets. When wallet applications employ inadequate random number generators during the creation phase, the resulting mnemonic phrases become susceptible to prediction and exploitation by malicious actors.
Multiple blockchain networks are impacted, including Bitcoin, Ethereum, Polygon, Rootstock, Tron, and Solana.
According to Coinspect’s investigation, this security flaw has existed for at least six years, dating back to 2018. Alarmingly, vulnerable wallets were still being created as recently as several weeks ago, putting both longtime users and newcomers at serious risk.
Timeline of the Exploitation Campaign The first major coordinated attack occurred on May 27, when cybercriminals targeted 431 wallets from a pool of 2,114 identified vulnerable addresses, successfully draining $3.1 million worth of digital assets.
A second wave of attacks struck over the weekend, with approximately $2 million extracted from compromised wallets. Current estimates place total losses at a minimum of $5 million, though Coinspect suggests the actual figure may be considerably higher when accounting for losses across all affected blockchain networks.
To prevent further exploitation, Coinspect has deliberately withheld complete technical specifications of the vulnerability, limiting the information available to potential attackers.
According to the security firm, hardware wallet owners remain unaffected by this particular vulnerability. Most popular software wallet providers are also considered secure. The primary risk group consists of individuals who generated their recovery phrases using obscure or lesser-known mobile wallet applications.
Historical Precedents of Seed Generation Vulnerabilities The Ill Bloom vulnerability is not an isolated incident in the cryptocurrency security landscape.
During 2023, Ledger’s cybersecurity division discovered that the browser extension version of Trust Wallet contained a seed generation weakness that significantly reduced randomness. This flaw reduced potential phrase combinations to approximately four billion possibilities, making it feasible for attackers to crack wallets within 24 hours using modest GPU computing power. Trust Wallet addressed the vulnerability before any user funds were compromised.
Similarly in 2023, a security weakness in the Libbitcoin Explorer wallet software resulted in $900,000 being stolen through systematic private key brute-force attacks.
What makes the Ill Bloom vulnerability particularly concerning is that it doesn’t originate from a single wallet provider, making remediation efforts more complex and widespread.
SlowMist, a respected security monitoring organization, has confirmed it is actively tracking the ongoing situation. Coinspect is calling on wallet developers to implement weak mnemonic detection capabilities directly into their applications.
Concerned users can access Coinspect’s specialized verification tool to determine whether their wallet addresses are vulnerable. If unauthorized transactions have occurred from your wallet, the Ill Bloom vulnerability may be responsible.
Bitcoin exchange-traded funds are now logging their eighth week of uninterrupted net outflows, even as rival products tied to Solana, XRP, and the lesser-known HYPE token pulled in fresh demand. According to flow data compiled by WuBlockchain, spot Bitcoin ETFs shed $527 million for the week running June 29 through July 2. Spot Ethereum funds did not fare much better, recording $13.67 million in net redemptions over the same stretch, also their eighth losing week in a row. The divergence is not only persistent but also widening. Two months ago, altcoin ETF flows were negligible; now, they are a consistent feature of the weekly reckoning.
The numbers for Solana and XRP ETFs told a different story. They attracted $5.75 million and $17.19 million respectively. The HYPE ETF, tied to the Hyperliquid ecosystem, pulled in $4.32 million. While these inflows are nowhere near the size of the capital that left Bitcoin products, they mark a notable shift at a time when the oldest and largest crypto asset appears stuck in a holding pattern.
A rotation narrative is taking hold For most of the year, Bitcoin ETF flows were a reasonably reliable barometer of risk appetite across the crypto spectrum. That signal is now muddy. ETF investors are not simply fleeing crypto altogether. Rather, the flow picture points to a repositioning into assets that are perceived to offer more upside or are riding specific narrative catalysts. XRP, for example, has seen renewed attention tied to payment use cases and legal developments, while Solana continues to attract developers and capital despite on-and-off network congestion concerns. Neither Solana nor XRP ETFs are close to the asset levels of their Bitcoin and Ethereum counterparts, but the direction matters. For the first time in months, the flow data suggests that crypto ETF investors are differentiating between asset classes rather than treating everything as a correlated trade.
The shift coincides with a broader altcoin renaissance visible in spot markets. Several altcoins posted massive weekly gains recently—including TON, which surged more than 80%—as documented in BlockchainReporter’s weekly gainers roundup. That performance is likely feeding into ETF flow decisions, however indirectly, as traders look for products that capture a piece of that momentum.
Regulatory headwinds keep BTC and ETH in check Part of the weakness in the two largest crypto ETFs can be traced back to Washington. The industry has been breathing nervously ahead of a Senate vote on what many consider the most significant piece of crypto legislation in US history. In a late-stage twist, major banking interests are pushing to derail the bill just days before the scheduled vote, seeking to reopen compromises that had been tentatively agreed upon. The situation, covered in depth by BlockchainReporter, has injected fresh uncertainty into a market that had started to price in more favorable regulatory treatment.
Bitcoin and Ethereum, as the most institutionally held digital assets, are naturally more exposed to legislative risk than newer, less liquid alternatives. When regulatory clarity stalls, the needle does not move for large allocators who need that clarity before adding to positions. Altcoin ETFs, on the other hand, attract a different type of buyer—one willing to take on additional risk for a potentially asymmetric payoff. The current flow split reflects that difference in investor profile.
Institutions are still building infrastructure It would be a mistake to interpret the persistent outflows from BTC and ETH ETFs as a retreat from the asset class by institutions. If anything, the pace of large-scale blockchain integration is accelerating. As reported recently, Bullish acquired Equiniti for $4.2 billion, Ondo Finance settled a tokenized Treasury trade with JPMorgan, and total on-chain real-world assets crossed $20 billion—all detailed in a BlockchainReporter weekly roundup. These developments suggest that the pipes are being laid even if spot ETF demand has temporarily cooled for the majors.
What the flow data ultimately shows is a market in transition. Bitcoin ETF outflows lasting two full months are not a trivial signal, but they are also not a death knell. The fact that capital is finding its way into smaller, more targeted crypto products—while macro and regulatory clouds hover—indicates that the investor base is evolving. Whether the next catalyst is a favorable Senate vote, a Federal Reserve shift, or simply a technical breakout in Bitcoin price, the pieces are in place for a rapid reversal. For now, however, the trend line for BTC and ETH funds points downward, and the market is watching to see how long that gravity can hold.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
Bitcoin’s [BTC] current cycle shows long‑term holders absorbing losses instead of capitulating. However, with emerging historical bear market patterns, a final washout to $50K by Q3 remains possible before a durable bottom forms.
Beyond Bitcoin’s looming price bottom, other major crypto headlines include Solana’s [SOL] surge in tokenized volume, Michael Saylor’s latest Bitcoin remarks, and continued outflows from BTC ETFs.
Here’s a full breakdown of the top updates that shaped the market in the past 48 hours.
Solana’s tokenized asset spot volume jumped For Solana, the total value of spot trading involving tokenized real-world assets (RWAs) on the Solana blockchain more than doubled over a three-month period.
The jump from $5.7 billion in Q2 indicates that investor activity and liquidity in Solana’s tokenized asset ecosystem increased significantly.
Source: Solana/X This surge suggests that more users, institutions, and decentralized finance (DeFi) applications are actively using Solana to trade tokenized real-world assets. In fact, the monthly price action of Solana was also positive, changing hands at $80.72 at press time, after a hike of roughly 30%.
Strategy’s Saylor makes a fresh tease amidst criticism Meanwhile, Michael Saylor has once again taken to X with his latest tease, where he noted,
Source: Michael Saylor/X This announcement is widely being interpreted by the crypto community as another teaser that Strategy may soon announce a fresh Bitcoin purchase. This speculation stems from Saylor’s history of sharing cryptic Bitcoin-themed messages shortly before the company reveals new acquisitions.
Several market participants echoed this sentiment, with comments such as “back to buying” suggesting that Strategy has likely resumed accumulating Bitcoin. While others speculated that the company could be using proceeds from its preferred stock offerings to expand its reserves. Some, however, questioned whether Strategy had recently raised enough capital to fund another significant purchase.
As of now, the company holds 847,363 BTC, worth approximately $53.2 billion at current prices, accumulated through 113 separate purchases, making it the world’s largest corporate Bitcoin holder. Meanwhile, investor optimism around another potential acquisition helped lift MSTR stock, which was trading at $100.77, a 7.9% gain.
Bitcoin ETF bleeds again However, the continued outflows from spot Bitcoin ETFs indicate that investors have been withdrawing more money from these funds than they have been investing.
Source: SoSo Value Since the 15th of May, spot Bitcoin ETFs have largely remained on an outflow streak, with weekly withdrawals peaking at $1.72 billion. Most recently, from the 29th of June to the 2nd of July, the funds recorded another $527 million in net outflows, extending the streak to eight consecutive weeks.
Spot Ethereum ETFs followed a similar trend, posting $13.67 million in net outflows over the same period. In contrast, spot ETFs tied to SOL, XRP, and HYPE continued to attract fresh capital, recording net inflows of $5.75 million, $17.19 million, and $4.32 million, respectively.
Final Summary Michael Saylor’s Strategy has made another Bitcoin tease, but the Bitcoin ETF outflow streak is raising concerns. The spot volume of tokenized assets on Solana jumped to $5.7 billion in Q2, further supported by a 30% monthly hike in its price action.
Le Recalls Journey As An ImmigrantCelebrating the U.S. 250th Independence Day, Le shared his story as a Vietnamese refugee who escaped in 1978 and succeeded in America through “education and hard work.” He credited the U.S. values of democracy, liberty, capitalism and entrepreneurship for aiding his success.
Le then steered the conversation toward Bitcoin, dubbing it the “United States of money.” He said that Bitcoin aspires to create a system governed by “transparent rules,” much like the American Constitution.
Why Bitcoin Is ‘Hope’He added that Bitcoin is “hope” for those “who have worked hard for their money and want to protect it from monetary inflation.”
“It provides hope for those born in countries without reliable rule of law or economic freedoms,” the Strategy executive stated.
Drawing from his personal journey from Vietnam to America, Le equated the principles that shaped his life —clear rules, individual sovereignty, property rights, resilience, open competition, and long-term conviction—to the principles that he believes Bitcoin embodies.
“America gave my family freedom through a country. Bitcoin offers individuals monetary freedom through a network,” he said. “That is why Bitcoin is freedom.”
Is The Hope Diminshing?Le leads Strategy, the world’s most prolific buyer of Bitcoin, with a stash worth $53 billion as of this writing.
However, concerns about the firm’s financial strength have risen after it disclosed Bitcoin sales last month, undermining the “never sell” thesis that bullish investors had counted on. Since the disclosure, the MSTR stock has plunged 37%.
Le reiterated his belief in Bitcoin as a hedge against inflation and "big government," adding that Strategy would continue to be the biggest buyer of the asset, while continuing to sell BTC whenever "it makes sense" for the shareholders.
Price Action: At the time of writing, BTC was exchanging hands at $63,009.21, up 0.58% over the last 24 hours, according to data from Benzinga Pro.
Strategy shares closed 7.90% higher at $100.37 on Thursday. Benzinga’s Edge Stock Rankings indicate that MSTR has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
Market News and Data brought to you by Benzinga APIs
Bank of America: Semiconductors' strong performance drove growth funds to outperform the broader market, and active funds delivered strong results in June.
Bank of America released data showing that in June, 53% of large-cap active equity funds outperformed their benchmark indices. Mid-cap and small-cap active funds performed even more strongly, with 71% and 91% respectively beating their benchmarks. BofA noted that in the first half of 2026, growth-style funds overall outperformed value-style funds, boosted by the strong rally in semiconductor stocks, while value-style funds lagged relatively due to their lower allocation to semiconductor shares.
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SK Hynix officially kicks off the roadshow process for its US stock market listing.
SK Hynix officially kicked off its roadshow for its US stock listing this Monday, aiming to capitalize on sustained investor enthusiasm for the memory chip sector to advance its US listing. According to regulatory filings, SK Hynix plans to offer American Depositary Receipts (ADRs) representing approximately 17.79 million common shares. Based on last Friday’s closing price in the South Korean market, the offering is valued at around $28 billion. As a leading supplier of High Bandwidth Memory (HBM) chips, SK Hynix’s US listing will open up an efficient financing channel for the company. Per previously disclosed regulatory documents, SK Hynix expects its ADRs to start trading on July 10 (this Friday). Based on the current proposed offering size, this ADR issuance will rank among the top three largest IPOs in history (the exact amount depends on exchange rates), and is expected to rival Saudi Aramco’s $29.4 billion IPO in 2019.
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Tokenized fund USTB saw its deposit volume into Aave rise by around 300% quarter-on-quarter in Q2.
According to data from Token Terminal, the amount of Invesco’s tokenized U.S. Treasury fund USTB deposited on Aave rose roughly 300% quarter-over-quarter. Managed by Invesco and issued based on Superstate’s FundOS transfer agent and tokenization infrastructure, USTB demonstrates the ongoing deepening integration between real-world assets (RWA) and DeFi protocols.
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Morgan Stanley and UBS Diverge on AI Investment Themes: The Former Is Bullish on Cloud Service Provider Rotation, While the Latter Bets on AI Infrastructure Revaluation
As internal rotation within the U.S. stock AI sector intensifies, Morgan Stanley and UBS have offered divergent views on the next phase of AI investment trends. Morgan Stanley believes capital is shifting from the previously sharply rallying semiconductor sector to large-scale cloud service providers such as Microsoft, Amazon, and Meta. The AI rally is not over; instead, it has entered a sector rotation phase. UBS, by contrast, is more optimistic about the long-term value creation capacity of AI infrastructure. Its Holt team projects that the profitability of memory chip firms including Samsung Electronics, SK Hynix, and Micron will continue to improve. The economic profit of the AI infrastructure sector is expected to surge from around $200 billion in 2023 to $1.4 trillion in 2027, a roughly 600% increase, while the economic profit of large cloud service providers is forecast to reach only around $400 billion over the same period. UBS contends that the memory chip industry is transitioning from a traditional cyclical sector to one of the most important value creators in the AI industrial chain.
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BlackRock's address has cumulatively transferred over 22,600 BTC to Coinbase over the past six days.
According to monitoring by Onchain Lens, a BlackRock address recently transferred 2,265.685 BTC to Coinbase, valued at approximately $142.45 million. Over the past six days, BlackRock has cumulatively transferred 22,624.685 BTC to Coinbase, with a total value of around $1.42 billion.
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ZachXBT: Never issued or promoted any meme coins; all proceeds from related tokens, totaling approximately $41,000, have been fully donated to charity.
On-chain detective ZachXBT has posted that over the past week, multiple unauthorized individuals have launched meme coins using his likeness across multiple public blockchains to capitalize on market hype. He stressed that he has never promoted or issued any meme coins, and has publicly stated he will not support or launch such projects. ZachXBT said all related tokens sent to his donation wallet have been sold on the market, and the roughly $41,000 in proceeds has been fully donated via The Giving Block to GiveDirectly and Direct Relief to support Venezuela earthquake relief efforts. The donations include 25,000 USDT to GiveDirectly and 5,000 USDT to Direct Relief on July 6, plus an earlier contribution of 153 SOL (worth approximately $11,000).
Deribit by Coinbase, via its broker-dealer DRB Panama Inc., and SignalPlus, a leading provider of software and infrastructure solutions for crypto derivatives, today announced the launch of The Island, their fifth trading competition and biggest edition to date.
Running for 35 days, the competition features up to $600,000 USDC in prizes across solo and team competition, daily and weekly reward rounds, Mystery Box deposit mechanics, short-dated options challenges, and a Private Island jackpot.
Registration for The Island opens on June 29 at 08:00 UTC, with the competition running from July 6 at 08:00 UTC through August 10 at 23:59 UTC. To participate, users must trade through SignalPlus on Deribit. Competition standings will be based on eligible options and futures trading volume only, with options weighted 1.0 and futures weighted 0.5.
The campaign is designed around eleven core arenas spanning weekly volume competition, daily reward loops, team participation, referral-driven expansion, whale and block-trade incentives, and dynamic ecosystem progression in one connected experience. New mechanics in this edition include the Mystery Box deposit experience, a weekly P&L leaderboard, short-dated options reward multipliers, and the Flash Arena, where higher short-dated options volume unlocks more jackpot shots and reward opportunities.
Key Details
Total Prize Pool: Up to $600,000 USDC Registration Period: June 29, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC Competition Period: July 6, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC Eligibility: Open to eligible retail traders on Deribit via SignalPlus Registration Link: https://t.signalplus.com/deribitislandcompetition This campaign is run by DRB Panama Inc and is not targeted at or intended for residents of Dubai, UAE. T&Cs apply. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full.
Early Bird Incentives
Users who register by July 7th will receive 3 free Deribit options. Team captains who invite five or more friends to register by July 7th will have a chance to win a Cressi Velvet Wetsuit valued at 300 USDC. Among the first 10 participants to reach 200M in trading volume by July 12, one randomly selected winner will receive two RIMOWA suitcases valued at 5,000 USDC in total. “The Island brings together everything we want this competition to be: bigger scale, stronger participation loops, and a structure that rewards how active options traders actually engage,” said Luuk Strijers, Senior Director from Deribit by Coinbase. “With solo and team competition, short-dated options mechanics and aspirational rewards led by the Private Island jackpot, this is our most ambitious retail trading campaign yet.”“We are excited to partner with Deribit by Coinbase once again on the latest edition of the competition,” said Chris Yu, CEO and Co-Founder from SignalPlus. “The Island is designed to make participation more dynamic and more rewarding, whether traders are competing on volume, teaming up with their network, or engaging through short-dated options and daily missions. Together, we are creating a more immersive experience for sophisticated retail traders.”
Competition Highlights include:
Core Arena: Weekly solo and team trading leaderboards designed to reward notional trading activity across individual and squad-based competition. Mystery Box Deposit Round: Users who register and maintain deposits for seven days unlock Mystery Box draw chances tied to guaranteed USDC prizes and premium rewards. Daily Reward Ecosystem: Daily individual and team missions encourage repeat engagement, with volume-based rewards and team milestone unlocks. Flash Arena: Short-dated options trading powers daily reward multipliers and jackpot-style shooting mechanics, including access to the Private Island reward opportunity. Block Arena: High-balance and block-trade participants can unlock fee rebates and luxury reward opportunities. Expansion Arena: Referral mechanics reward both community growth and successful invitations of higher-value traders. In addition to the Private Island headline reward, this year’s prize pool includes a range of premium rewards such as a Rolex Watch, Apple Vision Pro, NVIDIA Stock, Luxury Turkey Trip, Ledger Stax, Gentle Monster Sunglasses, Razer Keyboard, SOL spot rewards, trading fee coupons, and daily USDC prize pools.
The Island invites participants into a dynamic retail trading competition that combines strategic trading with team-based participation and a tiered reward structure. With every trade, participants move closer to exclusive rewards, from daily USDC prizes to the Private Island headline jackpot. The event begins today.
About Deribit
Deribit by Coinbase is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency.
About SignalPlus
Signalplus provides trading software and infrastructure for crypto derivatives, helping professional and sophisticated retail traders access options, futures, and spot markets with advanced execution and analytics tools. SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders.
The Miner Cycle Stress Composite, an on-chain indicator cited by CryptoQuant contributor gaah_im, has fallen to a new 2026 low and entered its “undervalued” range. The gauge combines the Puell Multiple, which compares current miner revenue with historical revenue trends, and an inverse miner capitulation measure designed to capture operational stress across the mining network.
The signal matters because miners are among Bitcoin’s most cyclical participants. They earn revenue in BTC but pay most of their costs, including electricity, hosting, debt service and equipment purchases, in fiat currency. When Bitcoin’s price weakens, transaction fees fall or network difficulty stays elevated, miner margins compress quickly. Higher-cost operators may then be forced to shut down machines, sell coins, restructure debt or delay expansion.
Historically, sharp declines in miner profitability and rising capitulation pressure have appeared near major Bitcoin cycle lows, including 2015, 2018, 2020, 2022 and 2024. The current reading has drawn attention because the composite is showing a level of stress rarely seen across Bitcoin’s history.
Rare Signal, Not a Simple Buy Indicator The comparison with previous cycle lows is important, but it should not be treated as a mechanical bullish signal. Bitcoin’s market structure in 2026 is very different from earlier cycles. Spot Bitcoin ETFs, institutional custody, public mining companies, derivatives liquidity and corporate treasury buyers now influence flows in ways that did not exist during the 2015 miner capitulation period.
Still, the reading suggests that the mining sector is under unusual pressure relative to recent history. That pressure has also been visible in network data. Bitcoin mining difficulty fell 10.09% at block 953,568 in June, dropping from 138.96 trillion to 124.93 trillion. It was one of the largest downward difficulty adjustments in Bitcoin’s history and showed that enough hashpower had left the network to slow block production during the prior adjustment period.
A difficulty decline can help surviving miners by reducing competition for block rewards, but it usually follows a period of acute stress. It indicates that weaker or higher-cost operators have already begun switching off machines, either because they are unprofitable or because cash flow has deteriorated.
Hashprice Pressure Drives Miner Capitulation Hashprice remains the clearest measure of miner economics because it reflects expected revenue per unit of computing power. When hashprice falls, miners earn less for the same amount of hashrate. That is especially painful after Bitcoin’s latest halving, which reduced the block subsidy and made transaction fees a more important source of marginal revenue.
Reports in June showed hashprice falling below levels that make older mining machines uneconomic, particularly for operators without access to cheap power. CoinShares previously estimated that 15% to 20% of the global mining fleet was unprofitable at depressed hashprice levels, with mid-generation machines requiring power below roughly $0.05 per kilowatt-hour to remain cash profitable.
The stress is widening the gap between efficient and inefficient miners. Operators with low energy costs, newer fleets and strong balance sheets can survive difficult periods and potentially gain market share. Weaker miners may need to sell Bitcoin, curtail operations or raise capital on unfavorable terms.
For Bitcoin investors, the signal is double-edged. Historically rare miner stress has often appeared near long-term accumulation zones, but it can also coincide with short-term volatility if miners sell reserves to cover costs. The key question is whether ETF demand, long-term holders and corporate buyers can absorb that supply before miner profitability normalizes.
Until hashprice recovers or difficulty adjusts further, miner stress is likely to remain one of Bitcoin’s most important on-chain indicators.
Analysis: Whales scoop up 270,000 BTC amid record ETF outflows, Bitcoin shows structural divergence signals
Against the backdrop of sustained outflows from U.S. institutional funds, Bitcoin whales have accumulated over 270,000 BTC (approximately $16.7 billion) over the past two weeks, forming a stark divergence from record outflows in U.S. spot Bitcoin ETFs. Analysis indicates this phase of divergence carries historical cyclical characteristics: while institutional capital retreats, long-term holders and whale accounts continue to accumulate, similar to the capital redistribution structures commonly seen near previous cycle bottoms. On-chain data shows that although the spot premium remains negative, indicating sluggish buying in the market, large wallets continue to add Bitcoin, placing the market in a structural phase of "institutional deleveraging and long-term capital accumulation."
South Korea plans to set up future fund with chip industry tax windfall
South Korea's Presidential Chief of Staff Kang Hoon-sik said on Sunday that the government plans to use the additional tax revenue generated by the semiconductor boom to establish a future fund for investing in economic growth engines, supporting the younger generation, and addressing growing social inequality. The government will use the "Future Response Fund" to support major national investment projects and enhance the country's long-term competitiveness. Kang stated, "At this critical juncture that will determine Korea's future, we must not waste the additional tax revenue brought by the semiconductor boom and other factors." Kang noted that the fund will be used to support the government's three major "super projects," cultivate new growth drivers, address what he calls "K-shaped" economic polarization, and provide housing, entrepreneurship, and employment support for people aged 20–39. The proposed fund is a cornerstone for realizing President Lee Jae-myung's goal of "making South Korea irreplaceable on the global stage," and he urged the government and ruling party to work closely and move quickly.
Analysis: AI semiconductor sector cools, Bitcoin rebounds — signs of capital rebalancing emerge in markets
The AI memory and semiconductor sector has recently seen a notable cooldown, while Bitcoin has rebounded from a recent low to above $61,000, sparking discussion on whether capital is beginning to rotate back into digital assets. Stocks such as SanDisk and Micron have recently lost significant momentum; the DRAM ETF has fallen roughly 25% from its mid-June high, and the SMH is down about 12%. Analysts point out that rising crowding in AI trades combined with pullbacks in some leading stocks is driving capital rotation within risk assets. While it is still hard to determine whether a sustained style shift is forming, against the backdrop of simultaneous cooling in the AI theme and a Bitcoin bounce, the market is showing early signs of rebalancing within risk assets.
Cisco unveils next-gen data center architecture Nexus One, rebuilding networks for AI
Networking giant Cisco officially announced the launch of its data center networking architecture Cisco Nexus One, positioned as an open network architecture designed for AI workloads and next-generation security threats, used to upgrade its long-evolving ACI system. Cisco stated that Nexus One will connect to Cisco's unified platform Cisco Cloud Control, aiming to enhance architectural flexibility, openness, and scalability while maintaining backward compatibility with existing systems. However, Nexus One is not a single product but an "architecture-level evolution" similar to ACI, with the focus shifting from early innovation to standardization and cross-ecosystem interoperability, to meet the complex networking demands of the AI/ML era.
"Machi Big Brother" deposits 10,000 USDC into Binance, sparking speculation "is he leaving the market?"
After depositing 2,000 USDC and 5,000 USDC into Hyperliquid, "Machi Big Brother" Huang Li-cheng leveraged and deposited 10,000 USDC into Binance. Analysts believe the concentrated transfers to different trading platforms in a short period are viewed by the market as a signal that his trading strategy may be changing, also triggering discussion on whether he is beginning to gradually "reduce his risk exposure."
Hong Kong Financial Secretary Paul Chan: 70% of offshore RMB settlement handled via Hong Kong, monthly settlement exceeds 41 trillion yuan
Hong Kong Financial Secretary Paul Chan published a blog post noting the continuous push for RMB internationalization and financial market interconnectivity to further consolidate Hong Kong's position as a global offshore RMB hub. Data shows that over 70% of global offshore RMB payments and settlements are currently handled through Hong Kong; the local banking system's RMB interbank settlement volume has exceeded 41 trillion yuan, equivalent to roughly 2 trillion yuan per day. As China expands high-level opening-up and enterprises accelerate global expansion, demand for RMB in cross-border trade, investment and financing, and fund settlement will continue to rise, driving further expansion of the offshore RMB market. In terms of policy support, the Hong Kong Monetary Authority, with assistance from the People's Bank of China, has introduced an RMB fund arrangement mechanism to reduce banks' costs in obtaining RMB funds to support trade finance and corporate operational needs, and several banks have already expanded related businesses accordingly. Going forward, Hong Kong will step up efforts to encourage enterprises to use more offshore RMB in trade and investment and deepen cooperation with regional central banks. Meanwhile, the upcoming Hong Kong Fixed Income and Currency Summit will also focus on discussions on the development direction of the offshore RMB and bond markets.
"Machi Big Brother's" 25x leveraged Ethereum long position nears liquidation line: just $28 away from liquidation
"Machi Big Brother's" 25x leveraged long position on Ethereum appears to be under extreme tension. Data shows the position size is about 9,000 ETH (approximately $15.84 million), with an average entry price of $1,721.04. The current price is around $1,760.30, showing an unrealized profit of about $353,000 and a return rate of approximately 55.7%. However, its liquidation price sits at $1,731.95, only about $28 away from the current price. A minor market pullback could risk forced liquidation. In the highly volatile crypto market, the exposure of this position has quickly drawn attention, and the market is watching whether he will choose to take profits early or continue to hold and gamble.
Suspected insider address starts selling after buying meme coin CZ, cumulative profit around $374,000
A suspected insider address accumulated at a low point when CZ's market cap was only around $150,000 and has now begun to sell. Address 0xf34…fddee spent only $756.8 yesterday to buy 5.108 million CZ tokens at an average cost of approximately $0.0001481. Ten minutes ago, the address sold 25% of its holdings at $0.06853 per token, making a profit of about $87,000. Currently, the address's cumulative profit — including unrealized gains — has reached approximately $374,000, representing a return as high as 49,421.1%.
AI investment research platform LinqAlpha closes $22 million Series A round led by AVP and others
New York-based AI investment research platform LinqAlpha announced the completion of a $22 million Series A funding round, led by AVP, Atinum Investment, and GFT Ventures, with participation from multiple financial and venture capital institutions from Asia, Europe, and the U.S., including Mirae Asset Venture Investment, Hana Ventures, and Shinhan Venture Investment. The total funding to date reaches $28.6 million. The company provides an AI-powered market intelligence platform for institutional investors, helping investment teams process complex market information through dedicated AI agents. The new funds will be used to strengthen market data integration and expand application scenarios to equities, macro, credit, and multi-asset investment strategies.
Data: Tokens such as PUMP, HYPE, APT set to face major unlocks next week, with PUMP unlocking approximately $125 million in value
According to data from Token Unlocks, tokens including PUMP, HYPE, APT and others will see significant unlocks next week, including: Pump.fun (PUMP) will unlock approximately 82.5 billion tokens at 10:00 PM Beijing time on July 12, representing about 29.23% of the circulating supply, worth about 125 million USD; Hyperliquid (HYPE) will unlock approximately 452,000 tokens at 8:00 AM Beijing time on July 6, representing about 0.2% of the circulating supply, worth about 30.9 million USD; Aptos (APT) will unlock approximately 11.31 million tokens at 10:00 PM Beijing time on July 12, representing about 0.66% of the circulating supply, worth about 6.9 million USD; RedStone (RED) will unlock approximately 40.85 million tokens at 0:00 AM Beijing time on July 7, representing about 9.8% of the circulating supply, worth about 4.1 million USD; Movement (MOVE) will unlock approximately 165 million tokens at 8:00 PM Beijing time on July 9, representing about 4.29% of the circulating supply, worth about 2 million USD; Linea (LINEA) will unlock approximately 1.08 billion tokens at 7:00 PM Beijing time on July 10, representing about 3.63% of the circulating supply, worth about 2.7 million USD; io.net (IO) will unlock approximately 13.29 million tokens at 8:00 PM Beijing time on July 11, representing about 3.61% of the circulating supply, worth about 2.3 million USD.
Opinion: Warsh's Tight-Lipped Style Makes the Fed's June Meeting Minutes Even More Important
George Goncalves, Head of US Macro Strategy at MUFG Securities Americas, said that Warsh's succinct style makes the June meeting minutes carry more weight than usual, providing a valuable perspective to observe the differing stances among Fed officials. "The minutes will become more important because, so far, we don't know what the Fed is thinking. Seeing how they debate and what they focus on will be very enlightening." George Goncalves added that some investors have already questioned Warsh's "hands-off" approach, and many hope to restore greater transparency. Many market participants are not used to reduced information, and there remains a considerable degree of skepticism about how long the Fed can maintain this. Now we can only read between the lines.
A Small Address Makes 490x Profit: Meme Coin CZ Position with Unrealized Gains Over $210,000 Still Not Taken Profit
An early small wallet has achieved astonishing returns in Meme coin CZ trading and has not sold any tokens yet. The address initially invested about $436.76, and now the position value has increased to approximately $214,300, with an overall return of about 490x, currently still holding the full position of about 3.2 million CZ.
Bloomberg Analyst: June ETF Market Posts Insane Data, Inflows and New Launches Both Explode
Bloomberg Senior ETF Analyst Eric Balchunas wrote in an analysis that the ETF market exhibited a "JUNE-SANITY" level of performance in June, with multiple indicators approaching or setting historical records. Data shows that monthly net ETF inflows reached $191 billion, marking the second-highest single-month level in history, with an average daily inflow of about $9 billion, covering around 2,700 different funds. Meanwhile, the number of new ETF product launches in June reached 214, approximately 10 per day, significantly setting a new historical record. In addition, monthly ETF trading volume reached $7 trillion, the second-highest level in history. Eric Balchunas concluded that this series of data reflects a broad-based explosion in the ETF market across fund inflows, new product launches, and trading activity.
Analysis: AI Compute Market Undergoing Rotation, Funds Flowing from Memory Chips to Cloud Providers
"1011 Insider Whale" representative Garrett Jin wrote in an analysis that the market structure saw a notable shift this week, with funds being reallocated within the AI industry chain. Signs of a near-term top in the memory chip market emerged, as Micron's stock price faced resistance and pulled back around the $1,250 level. Despite better-than-expected earnings, the stock fell on heavy volume, exhibiting the classic topping pattern of "selling on good news." SK Hynix and Samsung Electronics in the South Korean market also weakened, with data showing that foreign investors have withdrawn over 100 trillion won (approximately $65 billion) from the Korean stock market in the past two months. The true recipients of these funds are not small- and mid-cap AI concept stocks but rather core cloud computing giants represented by Google, Microsoft, and Amazon. Garrett Jin believes that the logic behind this round of capital migration is the "Token Optimization Trend": as more simple tasks are handled by low-cost models, value will gradually concentrate in the cloud service layer rather than the foundational model layer, which also constitutes the core moat for hyperscale cloud providers.
New A-Share Trading Rules Officially Implemented on July 6: Involving Multiple Core Adjustments Including Expansion of After-Hours Fixed-Price Trading
The newly revised A-share trading rules, synchronously amended by the Shanghai, Shenzhen, and Beijing stock exchanges, will officially take effect on July 6, 2026, covering multiple trading mechanism optimizations. According to the revised trading rules, the core adjustments by the three exchanges are as follows:
Key Revisions on the Shanghai Stock Exchange (SSE): First, the applicable securities scope for after-hours fixed-price trading (AFT) will be expanded from STAR Market stocks to all A-shares and Exchange-Traded Funds (ETFs). Second, the trading method during the fund closing stage will be changed from continuous auction to closing call auction, with the closing price generated through call auction. Third, the price limit range for main board stocks under risk warning will be adjusted from 5% to 10%. In addition, adaptive revisions will be made based on rule changes and business needs, including optimizing disciplinary actions and related provisions, and refining the wording of certain rules. Key Revisions on the Shenzhen Stock Exchange (SZSE): First, introduce a market maker system on the ChiNext Board. Second, adjust the confirmation time for block trading via negotiation for ChiNext stocks. The confirmation time for such trades will change from 15:00–15:30 to 9:30–11:30 and 13:00–15:30. Third, expand the applicable scope of after-hours fixed-price trading. The eligible securities for AFT will expand from "ChiNext stocks" to "A-shares and Exchange-Traded Funds." Fourth, optimize self-regulatory measures and disciplinary action arrangements. Fifth, consolidate the provisions related to the price limit range for main board risk-warning stocks, adjusting the limit from 5% to 10%. Key Revisions on the Beijing Stock Exchange (BSE): Introduce after-hours fixed-price trading for stocks; adjust the block trading price range for stocks without price fluctuation limits; clarify trading rules for risk-warning stocks and delisting consolidation stocks; add regulatory arrangements for severe abnormal fluctuations, etc. At the same time, the BSE will also adjust the wording and structural layout of its rules. Iran's Parliament Speaker: Reaching a Consensus with the US is Possible
According to Jinshi, citing Saudi media Al-Hadath: Iran's Parliament Speaker Qalibaf stated that Iran believes that despite the difficulties, reaching a consensus with the United States is possible.
Dragonfly Partner Haseeb: The Nature of VVV is Misunderstood, Venice is a Company, Not a Decentralized Network or On-Chain Protocol
Dragonfly Partner Haseeb posted a video on X stating that Venice is essentially a company, not a decentralized network or on-chain protocol, and the vast majority of its customers are not crypto users. There is a clear misunderstanding in the market regarding its token VVV: VVV does not represent company equity, nor does it possess attributes similar to "network equity." Even after the airdrop, the company founders still invest millions of dollars of their own funds to operate, and have not raised funds by selling tokens. Haseeb pointed out that no founder would give away 50% of the company's equity for free in the early stages, and the narrative that equates tokens with equity does not hold up logically. He also dismissed claims of "unclear information," saying that the project team has always clearly defined VVV's positioning. He further drew an analogy, stating that VVV is closer to a functional asset like BNB: it is used to pay for subscription services, access compute power (DIEM), and product permissions, while a portion of the revenue is used for buybacks, but it does not constitute a representation of company equity. Haseeb emphasized that the complexity of VVV's valuation stems from the overlap of its multiple functions, but this does not change its fundamental positioning as a "non-equity, non-network asset."
A Trader Deposited $171,000 into Hyperliquid Over the Past 21 Hours and Opened a 15x Leveraged BTC Short
Trader 0x8853 has injected a total of approximately $171,780 into a Hyperliquid trading account over the past 21 hours, with the latest deposit of $50,000 occurring about 50 minutes ago. Subsequently, the trader opened a 15x leveraged Bitcoin short position, sized at about 38.08 BTC (approximately $2.39 million), with an opening price of $62,720. The current mark price is $62,790, and while there is still some distance to the liquidation line of $66,000, the position has already begun to show unrealized losses. Data shows that the current unrealized loss for this position is around $2,760, with a return rate of -1.73%, while the historical cumulative PnL has expanded to approximately -$389,700, indicating that the overall trading record remains in a loss.
New Mac Malware "PamStealer" Disguises as Clipboard Tool to Steal Passwords
Cybersecurity firm Jamf Threat Labs has discovered a new Mac info-stealer named PamStealer, which spreads by masquerading as a counterfeit version of the open-source clipboard manager Maccy. The malware uses spoofed websites to trick users into running an AppleScript file containing malicious code, and leverages macOS Pluggable Authentication Modules to authenticate and steal user passwords. To evade detection by security tools, PamStealer uses JavaScript and macOS APIs to download a second-stage payload. The second stage is a Rust-based binary disguised as Finder or Software Update, capable of stealing browser credentials and Keychain data, monitoring clipboard content, and establishing persistence. The malware also pops up a fake Finder alert 40 minutes after infection to trick users into granting full disk access, thereby expanding its reach. Jamf has not yet found evidence of the malware being active in the wild, but has notified Apple. The researchers also found sponsored ads from verified accounts on X platform distributing similar malware.
Reform UK leader Farage exposed for failing to declare funding from crypto gambling figure with fraud conviction
Reform UK leader Nigel Farage failed to properly declare financial support for security, a driver, social media staff and accommodation provided by George Cottrell before being elected as an MP in 2024. Cottrell previously served eight months in the U.S. for wire fraud, later becoming a key figure on the crypto gambling platform Tether.bet. Farage only declared a trip to Belgium worth £9,253 and flight donations worth £15,276 funded by Cottrell, while omitting the security costs already paid by Cottrell. Farage is already facing a parliamentary standards investigation for failing to declare a personal donation of about £5 million from Tether shareholder Christopher Harborne; his spokesperson denied wrongdoing, saying the support occurred before Farage became an active political figure.
Analysis: Bitcoin Miner Cyclical Pressure Composite Index drops to 2026 low, entering historically undervalued territory
The Bitcoin Miner Cyclical Pressure Composite Index has fallen to a new low in 2026, entering historically "undervalued" territory. The indicator combines the Puell Multiple and the Inverse Miner Capitulation Index, which respectively measure miner revenue and cost dynamics. Historically, their synchronous signals have had strong indicative significance for Bitcoin cycle bottoms. Previous synchronized collapses of this composite index occurred near major Bitcoin bottoms in 2015, 2018, 2020, 2022 and 2024. The only prior time this composite index hit 0.00 was during the capitulation in 2015, when Bitcoin fell from about $300 to $160 within a week. The recurrence of similar behavior by this indicator in 2026 signals that miner stress has once again reached historically rare levels.
Analyst: Bitcoin Sharpe ratio briefly dips below -20, extreme pessimism may signal bottom building
CryptoQuant analyst Darkfost pointed out that Bitcoin's Sharpe ratio has once again hit extreme negative territory, dipping below -20 before rebounding slightly. The Sharpe ratio measures the relationship between investment risk and return; a negative value implies higher risk relative to current returns, consistent with Bitcoin's third consecutive quarterly decline (latest quarterly drop of 16.1%). Historically, such extreme pessimism periods tend to last weeks to months and correspond to a new bottom-building phase, followed by a price relaunch. The analyst said the data suggests we are approaching this phase, but cautioned that this is a long-term timeframe observation.
Coinbase prediction market AI alert falsely reports World Cup result before match, sparking user criticism
Last weekend, an AI alert on the Coinbase prediction market erroneously announced a World Cup match result, pushing a false score of Norway 3-2 Brazil before the match even started, sparking user criticism. Coinbase CEO Brian Armstrong responded that the team is investigating the matter. The error occurred amid Coinbase's heavy promotion of prediction markets as the "ultimate truth tool"; Armstrong once said, "When real money is involved, the results are far more reliable than traditional media." Coinbase has previously sparked controversy over AI coding tools and push notification targeting errors, and this incident again raises questions about AI safety guarantees in financial products.
Meme coins' share of altcoin market cap falls to 3.7%, lowest since February 2024
CryptoQuant data shows that Meme coins' share of altcoin market cap has fallen to 3.7%, the lowest level since February 2024, while the number of holders also hit a three-year low. This ratio exceeded 10% in November 2024 and has since continuously retreated. Capital is flowing from Meme coins into utility tokens such as AI, RWA and DeFi. The total market cap of Meme coins is about $28 billion, while RWA tokens have exceeded $64 billion. Dogecoin remains the largest Meme coin, with a market cap of about $12.1 billion, accounting for nearly half of the entire sector. Renowned Meme coin advocate Murad Mahmudov has held his Meme coin portfolio for over two years without selling since his Token2049 speech in 2024, but it has fallen about 81% from its peak. Political Meme coins have plunged even deeper; the TRUMP token has fallen from $73 to around $1.71, a drop of about 98%, and MELANIA is down about 99%.
New York Times: Nearly one million TRUMP meme coin investors accumulated $3.81 billion in losses by end of June
Data from crypto analytics firm Nansen shows that nearly one million TRUMP Meme coin investors accumulated losses of $3.81 billion by the end of June, with approximately 989,000 wallets in a losing position, accounting for about two-thirds of total buyers. The token has now fallen 97% from its peak. Meanwhile, about 500,000 wallets profited from the TRUMP token, totaling about $4 billion. The Nansen report noted that these profits "reflect a small number of early buyers reaping huge gains, while the vast majority of retail investors bore the losses." Trump himself profited $636 million from the meme coin, with total 2025 earnings from all his business ventures reaching at least $2.2 billion.
"Garrett Jin whale entity" increases ZEC short position to $15.08 million, with unrealized loss of $530,000
The "Garrett Jin whale entity" added to its ZEC short position an hour ago, nine days after opening the initial short. It currently holds a ZEC short position worth $15.08 million, with an average entry price of $444 and an unrealized loss of $530,000. Its two previous ZEC trades were profitable: the first, in late May, opened a $36 million ZEC short at $626 and closed with an $11.24 million profit after a crash triggered by a ZEC vulnerability incident; the second opened a $22 million ZEC long position at $439 and closed at $447 for a $420,000 profit. Additionally, the unrealized loss on its BTC long position has narrowed from $23 million to $16 million following BTC's recent rebound of more than $5,000.
New wallet withdraws 323.72 BTC worth $20.59 million from Binance in the past hour
A newly created wallet withdrew 323.72 BTC worth $20.59 million from Binance in the past hour.
Address swaps $2.01M worth of ETH for only $14,000 in LIT, losing nearly $2 million
An address swapped 1,126.44 ETH (approximately $2.01 million) for only 5,776 LIT (about $14,208), losing nearly $2 million.
EthLabs: Advancing recruitment, funding, and zk-based asynchronous cross-chain interoperability
Ethereum ecosystem research organization EthLabs posted that Ethlabs has entered its second week of launch and is advancing team recruitment and fundraising. The team plans to expand to about 10 people in the near term and about 20 in the mid-term, having received over 300 applications. On the fundraising side, it has received initial support from Bitmine, Sharplink and Joseph Lubin and is seeking 1-2 additional anchor funders. Technically, Ethlabs is accelerating zk-based asynchronous cross-chain interoperability, believing that more secure cross-chain bridges will give issuers confidence to widely distribute assets across the network, while also keeping an eye on the Fast Confirmation Rule's improvement of L1-to-L2 link latency. Additionally, the team is discussing PropAMM execution optimization on L1 with multiple teams and monitoring governance dynamics around ENS as a key Ethereum infrastructure.
Clarity Act fails to be signed by July 4, Senate recess on August 7 becomes key deadline
<markdown> The Clarity Act failed to be signed into law by July 4, but all sides remain optimistic about its passage this year. Behind the scenes, staffers are coordinating differences between the versions from the Senate Agriculture Committee and the Senate Banking Committee, and Senate leadership still needs to decide when to bring the bill to a floor vote. The main obstacle remains concentrated on the ethics provisions. Trump's financial disclosure shows he earned approximately $1.4 billion in profits from the crypto industry in 2025, giving Democrats a basis to push the ethics provisions, but this has not changed the nature of the negotiations — Senators Gallego and Alsobrooks have already made clear they will not support the bill's passage until an agreement is reached to restrict government officials from profiting off crypto. In addition, the Supreme Court's ruling that the president may freely fire commissioners of independent agencies has added another variable. In terms of the time window, a key date is before the Senate recess on August 7, while the House faces procedural paralysis and uncertainty remains over whether Trump would sign the bill. </markdown>
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
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Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
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DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
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JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
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South Korea is pushing forward civil enforcement rules for virtual assets, with plans to allow courts to seize and liquidate crypto assets.
South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.
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Garret Jin increases his short position on ZEC, with the position valued at $14.9 million.
According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Bitcoin as the Base Layer of Global FinanceMichael Saylor (@saylor), Executive Chairman of Strategy, is making the case that $BTC has crossed a threshold in how the world understands it. It is no longer a speculative token or a simple payments network. In his view, Bitcoin is now recognised as scarce, durable and portable capital, a neutral global asset around which credit, commerce and financial infrastructure will organise.
The argument is deliberately structural. Saylor says Bitcoin evolves by changing less at the protocol layer while becoming more important everywhere else, separating it from technology companies, payment networks and software platforms built around constant upgrades. The base layer, he contends, is the final court of settlement. Innovation moves up the stack, into wallets, custody systems and layered financial products, not into the protocol itself.
His thesis shifts adoption away from simple ownership and toward institutions using $BTC as capital. Balance sheets, collateral systems, lending markets, reserves and structured products become part of the story, with consumer payments, digital banking and yield-bearing instruments developing around Bitcoin rather than replacing it.
Institutional Flows Replacing the Retail CycleSaylor's broader point is that Bitcoin has outgrown the four-year halving narrative that defined earlier cycles. ETF demand, corporate treasury buying and sovereign reserve accumulation are now the primary drivers of price, with the halving still tightening supply at the margin but no longer setting the pace alone.
The institutional shift is already visible in the data. Corporate Bitcoin holdings reached a record in early 2026, with institutions buying at 2.8 times the new mining supply, led by ETFs and major corporate treasuries. US spot Bitcoin ETFs held a total of 1.32 million BTC as of April 2026, valued at over $103 billion and representing approximately 6.3 to 7 percent of the total circulating supply.
Saylor said 2026 is the year Bitcoin emerged as the consensus global digital capital, adding that no one really disputes that anymore. He points to a maturing credit layer as the next phase, describing a three-part structure he called a "holy trinity" of capital, credit and money. Bitcoin-backed digital credit has grown from effectively zero a year ago to more than $11 billion today.
For Saylor, the risks in this system do not sit with Bitcoin itself. The larger risk lies in the financial system built around it. If digital credit stays anchored to real Bitcoin, adoption could deepen across global finance. If paper claims outpace reserves, the risk comes from institutions, not Bitcoin itself.
Sources
Bitcoin.com News: Michael Saylor Sees Bitcoin Adoption Entering a Bigger Game
Bitcoin Magazine: Corporate Bitcoin Holdings Hit Record High
Crypto Times: Saylor Says 2026 Marks Bitcoin's Shift to Global Digital Capital
Bitcoin (BTC) steadies above $63,000 at press time on Monday following a five-day recovery stretch last week, totaling roughly 7% gains. Easing risk-off sentiment in the broader market supports the mild recovery in action, with Pump.fun (PUMP) and Hyperliquid (HYPE) leading gains over the last 24 hours.
Crypto market sentiment regains strengthThe broader crypto market sentiment shows a mild recovery, with Bitcoin’s rebound from $60,000 last week. US Federal Reserve Chairman Kevin Warsh said inflation risk had eased last week, citing the ongoing ceasefire and improved transit through the Strait of Hormuz. CoinMarketCap’s Fear and Greed Index rises to 29 on Monday, up from 17 last week, indicating risk-off sentiment easing from “Extreme Fear” to “Fear.”
Fear and Greed Index. Source: CoinMarketCapBitcoin’s recovery approaches 50-day EMABitcoin hovers above $63,000 at press time on Monday, with a mild near-term bullish bias emerging after five consecutive days of recovery. The King Crypto approaches the 50-day Exponential Moving Average (EMA) at roughly $65,766, which is well under the 200-day EMA near $75,717.
From a technical perspective, BTC should clear the 50-day EMA at $65,766 for a sustained upward trend, targeting the previous swing high at $67,292, followed by the $70,000 round figure.
The Relative Strength Index (RSI) at 51 hovers slightly above the neutral midline, and the Moving Average Convergence Divergence (MACD) is rising above its signal line, suggesting mild upside momentum but not yet sufficient to overcome the prevailing overhead supply.
BTC/USDT daily price chart.On the downside, immediate support is seen at the horizontal floor around $60,000, where a break would likely expose further weakness and deepen the current corrective phase.
Renewed uptrend in PUMP nears 100-day EMAPump.fun extends gains on Monday after gaining roughly 5% the previous day. The token launchpad token rises above the 50-day EMA at $0.001570, targeting the immediate 100-day EMA at $0.001728.
PUMP holds above the 50% retracement level, measured over the recent downswing from $0.002252 to $0.001151, at $0.001610. A decisive close above $0.001728 could extend the recovery to the 78.6% Fibonacci retracement level at $0.001951.
A steady recovery in the MACD and signal line with an expanding positive histogram suggests a surge in buying pressure.
PUMP/USDT daily price chart.On the downside, immediate support clusters between the 50-day EMA at $0.001570 and the 50% retracement level at $0.001610, followed by secondary floors at $0.001349 and $0.001151 if selling pressure resumes.
Hyperliquid tests a triangle pattern breakoutHyperliquid hovers above $70 on Monday, edging higher after 2% gains the previous day. The recovery tests a near-term resistance trendline, where a decisive close above it would confirm a bullish breakout of a symmetrical triangle pattern.
The R1 Pivot Point at $77.12 would serve as an initial target, followed by the R2 Pivot Point at $89.18.
The MACD histogram has turned positive and is expanding as the average lines rise following a bullish crossover on Saturday, suggesting buyers retain control.
HYPE/USDT daily price chart.On the downside, immediate support is located at the center Pivot Point at $64.89, near the rising support trendline around $65.00.
(The technical analysis of this story was written with the help of an AI tool.)
TL;DR Bitcoin whale inflows to Binance have dropped 34% since June 12, outpacing the decline in retail deposits. Retail inflows fell 18%, highlighting a slower pullback among smaller investors. The widening gap between whale and retail inflows suggests reduced exchange activity from large BTC holders. Lower whale deposits could ease potential selling pressure if the trend continues. Bitcoin whale activity on Binance has slowed considerably over the past few weeks, with new on-chain data showing that large holders are moving significantly less BTC to the exchange than they were in mid-June. The decline has outpaced the slowdown in retail deposits, suggesting a shift in how different investor groups are positioning themselves.
Data from CryptoQuant shows the 30-day rolling value of Bitcoin whale inflows to Binance fell from approximately $7.04 billion on June 12 to $4.65 billion by July 6, representing a decline of about $2.39 billion, or 34%.
Whale Exchange flow Data | Source: CryptoQuant Whale Exchange flow Data | Source: CryptoQuant
Retail investors also reduced their exchange deposits during the same period, although at a much slower pace. Retail inflows declined from roughly $10.02 billion to $8.20 billion, a drop of $1.82 billion, or around 18%.
The sharper contraction among whales means large holders have pulled back from sending Bitcoin to Binance at nearly twice the rate of smaller investors.
Bitcoin Whale Activity Slows Faster Than Retail The difference between whale and retail behavior has become increasingly noticeable over the past month.
While retail investors continue to account for the larger share of exchange inflows, the gap between the two groups has widened. The difference grew from approximately $2.98 billion in mid-June to around $3.55 billion by early July, highlighting the faster retreat in whale transfers.
Exchange inflows are closely monitored because they often indicate that investors are preparing to trade or liquidate assets. Although transferring Bitcoin to an exchange does not automatically mean a sale is imminent, reduced inflows from whales generally imply that fewer large holders are positioning coins for potential selling.
That could translate into lower exchange-side selling pressure, especially if whales continue keeping their holdings in self-custody or other long-term storage solutions rather than moving them onto trading platforms.
The latest figures also align with a broader trend seen throughout this market cycle, where institutional and long-term investors have increasingly favored holding strategies instead of actively rotating large amounts of Bitcoin through exchanges.
Market Watches Whether the Trend Continues The next key question is whether whale inflows have simply paused or whether the decline marks the beginning of a more sustained trend.
If whale deposits remain around the current $4.65 billion level or fall even further, it would reinforce the view that large Bitcoin holders are becoming less active on Binance relative to retail participants. Such a development could reduce one potential source of short-term market supply.
On the other hand, a renewed increase in whale inflows would likely signal that major investors are once again moving funds closer to trading venues, something traders often watch for signs of changing market sentiment.
For now, the data suggests that while retail investors continue using Binance at relatively steady levels, Bitcoin whales have become noticeably more cautious in transferring assets to the exchange. Whether that reflects growing confidence in holding BTC over the longer term or simply a temporary pause remains one of the key on-chain trends to watch in the weeks ahead.
There are no major market-shaking reports due this week, which is largely dominated by more labor market data.
Crypto markets have had a positive weekend, holding on to and marginally improving gains made late last week.
The next seven days will see the release of the Federal Reserve’s minutes from its last meeting, which could shed more light on the direction of monetary policy as inflation continues to climb.
Meanwhile, the US stock market capitalization topped $80 trillion, setting a new record, and now accounts for around 48% of global market cap.
“We expect another volatile week ahead as markets brace for earnings season,” said the Kobeissi Letter.
Economic Events July 6 to 10 June S&P Global Services purchasing managers’ index (PMI) data is due on Monday, painting a broader picture of economic activity. This report is followed on Tuesday by ADP Employment Change data.
Wednesday will see the FOMC minutes, the first for new Chairman Kevin Warsh. The central bank held rates steady, but inflationary pressures from higher energy prices could prompt it to raise them.
“I think it’s going to be interesting to see how the discussion went around the table, how incrementally hawkish are they leaning,” said Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments.
“That’s what investors and markets are going to be wondering: What is this new Fed chairman and updated (Fed policymaking body) looking for to decide the path of rates from here?”
Initial Jobless Claims data is due on Thursday, while full-time employment dropped by 514,000 in June to its lowest since December 2024. “The weakness in the US labor market is accelerating,” said Kobeissi.
You may also like: June 2026 Market Recap: Bitcoin Hits 2-Year Low as ETFs Bleed $8.9B Bitcoin (BTC) Flashes 3 Bullish Signals: $65K Incoming? Bitcoin Reclaims $60K as SOL, BCH Lead Alts Higher (Market Watch) Key Events This Week:
1. June S&P Global Services PMI data – Monday
2. ADP Employment Change data – Tuesday
3. Fed Meeting Minutes – Wednesday
4. Initial Jobless Claims data – Thursday
5. June Existing Home Sales data – Thursday
6. IEA Monthly Report – Friday
We are one…
— The Kobeissi Letter (@KobeissiLetter) July 5, 2026
Also this week, SpaceX (SPCX) is set to join the Nasdaq 100 index, and another quarterly earnings season will begin this month.
Crypto Market Outlook Crypto markets are holding gains this Monday morning in Asia, with total capitalization up 1.1% on the day to $2.26 trillion.
Bitcoin is leading the pack with a 2.7% gain over the weekend to reach $63,700 on Monday morning, its highest level for two weeks after its worst month for four years.
Ether prices did even better, with a 14% gain over the past week, closing in on $1,800 in early trading on Monday.
Altcoins were predominantly green at the time of writing, with Hyperliquid and Canton outperforming.
Bitcoin price reclaimed the $63,500 area after volatile trade, keeping the short-term structure constructive while $65,700 stays the next upside test. Spot Bitcoin ETFs pulled in fresh demand after a long outflow streak, giving buyers a stronger institutional signal after June’s weakness. Weak U.S. labor data cooled rate-hike fears, helping BTCUSD as Treasury yields eased and traders moved back into selected risk assets. A break below $63,500 could shift attention toward $61,000, while sustained support may force more short-covering near resistance. Bitcoin price traded near $63,173 on Monday after a volatile session around the reclaimed $63,500 area. BTCUSD moved between $62,468 and $63,874, showing fast movement around a key support zone.
The move followed weaker U.S. labor data, renewed spot Bitcoin ETF inflows, and short liquidations near $62,000. Traders are now watching whether Bitcoin can hold $63,500 and retest $65,700, where the last major rejection developed.
Bitcoin Price Holds Key Support After ETF Inflows Return Bitcoin price action improved after U.S.-listed spot Bitcoin ETFs posted $221.7 million in net inflows. The daily intake ended a 10-day outflow streak and marked the strongest inflow in about two months. That shift mattered as June had damaged sentiment across institutional crypto products.
The inflow also arrived as Bitcoin reclaimed the $63,500 zone. Analyst That Martini Guy says the first rejection at that level looked normal. He added that prior resistance rarely breaks on the first attempt.
Bitcoin just got rejected at the first test of $63,500.
That's completely normal.
Previous resistance doesn't usually break on the first attempt.
The important part is that Bitcoin has reclaimed $63,500 as support after spending weeks below it.
As long as we continue holding… pic.twitter.com/lyJp4PcBEU
— That Martini Guy ₿ (@MartiniGuyYT) July 6, 2026
The technical setup now depends on whether buyers defend the area. Holding $63,500 keeps the short-term structure constructive. A clean push above it could put $65,700 back in focus.
A loss of $63,500 would weaken the rebound. The next downside area sits near $61,000, based on the analyst’s chart view. That level would show whether recent buying was durable or only a relief move.
Spot demand and derivatives flows also shaped the rally. Short sellers were exposed after Bitcoin moved above $62,000. Forced buybacks then added speed to the recovery and lifted BTC through crowded intraday levels.
The setup is still fragile. Bitcoin price has recovered support, but it has not cleared the last rejection zone. Buyers need steady volume and follow-through before the move looks more durable.
Fed Minutes And Labor Data Put BTCUSD Traders On Alert Bitcoin price also gained support from softer U.S. labor data. June nonfarm payrolls rose by only 57,000, below expectations for 110,000. May job gains were revised lower, while the unemployment rate fell to 4.2% as labor force participation dropped.
That report lowered fears of a near-term Federal Reserve rate hike. Treasury yields eased, the dollar softened, and risk appetite improved. Lower yields often help non-yielding assets, including Bitcoin and gold.
This week brings more macro risk for BTCUSD traders. The Federal Reserve will release minutes from its June meeting on Wednesday. The minutes could show how officials judged inflation risks under new Chair Kevin Warsh.
Investors will also monitor services PMI, ADP employment data, and jobless claims. These numbers may shape rate expectations before earnings season starts. A stronger inflation or labor signal could pressure the Bitcoin price again.
For now, traders are weighing two opposing forces. ETF inflows and reclaimed support favor another test higher. Yet June’s heavy outflows, weak liquidity, and regulatory pressure in Europe still limit conviction.
Bitcoin price needs sustained spot demand to extend the recovery. A hold above $63,500 keeps $65,700 in play. Failure there could reopen the $61,000 area as traders reassess leverage and macro risk.
In recent weeks, the volume of assets transferred by major Bitcoin holders to Binance has dropped sharply. On-chain data reveals that wallets commonly referred to as “whales” sent significantly fewer BTC to the exchange compared to mid-June, while inflows from smaller investors also declined, though to a lesser extent.
Whale deposits decelerateAccording to analytics platform CryptoQuant, the 30-day moving sum of Bitcoin whale inflows to Binance stood at approximately $7.04 billion on June 12. By July 6, this figure had declined to $4.65 billion, marking a reduction of $2.39 billion, or 34%. CryptoQuant specializes in monitoring on-chain metrics and exchange flows within the digital asset sector.
Mini glossary: On-chain data refers to metrics obtained directly from recorded transactions on the blockchain. Exchange inflow data tracks the amount of assets moved from personal wallets to trading platforms.
Individual investors also sent fewer Bitcoins to Binance over the same period. Retail inflows fell from $10.02 billion to $8.20 billion, representing a decrease of $1.82 billion, or around 18%.
CategoryJune 12July 6ChangeWhale inflows$7.04 billion$4.65 billion-34%Retail inflows$10.02 billion$8.20 billion-18%The decrease in the rate of Bitcoin transfers to Binance by large wallets points to a sharper pullback among whales compared with smaller investors.
The gap between investor groups widensOver the last month, the behavioral gap between whales and retail investors has become more pronounced. Retail traders maintained a larger share of total exchange inflows, with the difference between groups widening from $2.98 billion in mid-June to $3.55 billion at the start of July.
Transfers of crypto assets to exchanges are closely watched as a sign of whether investors are preparing to trade or possibly sell. While moving assets to an exchange does not automatically signal an intent to sell, the decline in whale inflows could indicate that major holders are preparing less actively for potential sales.
A reduction in the amount of Bitcoin sent to exchanges, particularly by major holders, is seen as a signal that near-term selling pressure may ease.
Market awaits further signalsThe main question in the coming period is whether this downturn reflects a temporary pause or the start of a more lasting trend. If whale inflows remain near $4.65 billion or fall further, it may reinforce the assessment that large Bitcoin holders are taking a more passive stance on Binance.
Conversely, any renewed uptick in whale deposits would suggest that big investors are again positioning their assets closer to trading platforms. Such shifts are tracked as potential indicators of changing market sentiment.
Current data suggests individual investors continue to use Binance relatively steadily, while major Bitcoin holders have become more cautious in transferring their assets. This could point to either a growing preference for long term holding or a short term period of waiting and observation.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Here are the next major obstacles on BTC's path forward.
The gradual price recovery that began in early July continued over the past 12 hours or so, as bitcoin jumped to $64,000 for the first time in almost two weeks.
Although it was stopped there for now, analysts seem more confident that the overall market environment has improved and outlined the cryptocurrency’s next big resistance lines.
What’s Next? It was less than a week ago, on July 1, when the largest digital asset slipped below $58,000 for the first time in nearly two years as the bear-dominated price moves continued to dominate. However, after losing roughly $25,000 in a month and a half, the bulls finally reemerged and halted the freefall.
Bitcoin rebounded in the following days, which culminated earlier this morning with a jump to $64,000 on most exchanges. This $6,000 increase in days meant that BTC had tapped its highest price tag since June 23.
Michaël van de Poppe weighed in on the asset’s performance over the weekend, calling it “solid price action.” He believes bitcoin needs to paint a higher low and reassured that even another correction to $59,000 would be considered mild and weak at this point. However, BTC’s breakout could begin if it maintains above $61,000-$61,500, which could open the door for a run toward $70,000.
Merlijn The Trader outlined $67,000 as the most crucial level for BTC. He explained that the cryptocurrency needs to decisively reclaim it, which would solidify the escape from its bear market phase. If reclaimed, the analyst said he will turn bullish as the trend will flip. However, another rejection there would probably mean more downside first.
One Bitcoin level separates the bear market from the reversal: $67K.
A bullish falling wedge is pressing against resistance right now.
Break and close above: I turn bullish. The trend flips.
Rejection: more downside first and I’ll say it just as loud.
No guessing. No hoping.… pic.twitter.com/qMlVw3yYAE
— Merlijn The Trader (@MerlijnTrader) July 5, 2026
You may also like: June 2026 Market Recap: Bitcoin Hits 2-Year Low as ETFs Bleed $8.9B Bitcoin (BTC) Flashes 3 Bullish Signals: $65K Incoming? Bitcoin Reclaims $60K as SOL, BCH Lead Alts Higher (Market Watch) Fear and Greed Index Improves The metric measuring the overall market sentiment toward BTC dropped hard over the past few weeks alongside the asset’s price. It dumped to ‘extreme fear’ levels of around 11 on July 1 when the cryptocurrency bottomed (for now) at $57,700.
However, it has followed bitcoin’s gradual price recovery and now sits at 24. Although fear continues to dominate investors’ feelings, the swift rebound highlights early signs of potential market reversal, as the metric hasn’t been at 24 or above in over a month.
Bitcoin Fear and Greed Index. Source: Alternative.me Tags:
Bitcoin (BTC) spot ETFs pulled in $221.7 million on July 2, their first positive day in 10 sessions, catching up to a wave of whale buying that had built since late June.
That single green day came after weeks of institutional selling drained roughly $2.7 billion from the funds. On-chain buyers, meanwhile, had been absorbing that supply all along.
Whales Bought While Institutions SoldLarge holders started the move well before Wall Street did. CryptoQuant’s Spot Average Order Size, a metric that tracks the typical size of spot trades to flag when big players dominate, shows large whale orders arriving every single day since June 30.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
That buying carried on through July 5, when one tracked order reached about 857 BTC near $63,600. Across the stretch, big orders, not retail trades, drove the reading higher. As the Bitcoin price is up almost 7% over the past week, it would be safe to assume that the whale orders were buy-focused.
Bitcoin Spot Order Size: CryptoQuantThe metric climbs when a few large trades outweigh many small ones. Here it points to deep-pocketed buyers setting the pace while the retail crowd stayed quiet.
The steady flow points to conviction and also echoes earlier phases when whales hit yearly highs while smaller buyers stepped back.
ETFs Finally Took the Whales’ CueInstitutions spent 10 straight sessions pulling money out. SoSoValue data shows US spot Bitcoin ETFs bled about $2.7 billion before July 2, when the $221.72 million inflow snapped the outflow streak.
Wall Street heavyweights like Fidelity’s FBTC led the return with $165.96 million, and ARKB added $91.84 million. BlackRock’s IBIT, the largest fund, still saw $40.43 million leave.
Bitcoin Spot ETF Flow: SoSoValueThe turn arrived a day after weak June payrolls of 57,000 jobs cooled the odds of another rate hike. Even so, June ranked as the worst month on record for the funds, and year-to-date flows stay negative near $5.4 billion.
BREAKING: The US economy adds 57,000 jobs in June, well below expectations of 114,000.
The unemployment rate fell to 4.2%, below expectations of 4.3%.
May's jobs number was also revised down by -43,000 jobs.
The labor market remains in a volatile situation.
— The Kobeissi Letter (@KobeissiLetter) July 2, 2026 One green session does not erase that damage. Still, the pattern of whales feasting on supply while funds sold has shown up near past cycle lows, and July 2 hints the two sides may be moving together again.
On-Chain Data Leaves Bitcoin Price a Thin CeilingBoth groups could now be watching the same on-chain map. Glassnode’s UTXO Realized Price Distribution, or URPD, plots the price levels where the current bitcoin supply last changed hands, marking where clusters of coins are held.
Those clusters matter because holders who bought at a level often sell into a bounce to exit near breakeven. Where few coins changed hands, that selling pressure thins out.
The map shows light cover just overhead. Only about 0.72% of supply last moved near $64,373, one of the smallest bands on the chart, so little stands in the way there.
Bitcoin URPD On-Chain Distribution And Resistance: GlassnodeBelow the market, the walls are thicker. Roughly 2.09% of supply sits around $61,849 and about 2.13% around $60,587, zones where large amounts of coins were bought and where these on-chain bottom signals tend to firm up support.
In plain terms, the path higher meets less supply than the floor below. That layout does not promise a move, but it shows where buyers and sellers last drew their lines.
Bitcoin URPD On-Chain Distribution: GlassnodeFor now, whales and institutions are possibly reading the same chart from the same side. Whether that thin band overhead gives way as easily as the structure suggests may define the days ahead.
Bitcoin traded around $63,173 on the first business day of the week after a volatile session. The leading cryptocurrency fluctuated between $62,468 and $63,874 throughout the day, with the $63,500 zone drawing particular attention for its short-term significance. Market participants are now watching closely to see if this support will hold and whether the price can regain momentum towards $65,700.
ETF Inflows Bolster Short-Term OutlookSpot Bitcoin ETFs listed in the US recorded a net daily inflow of $221.7 million, snapping a 10-day streak of outflows and marking the strongest daily inflow seen in nearly two months. With June’s weak performance pressuring institutional sentiment, this shift stood out as a notable change for the market and suggested renewed investor interest.
Glossary: A spot Bitcoin ETF is an investment fund that tracks the actual price of Bitcoin and is traded on traditional stock exchanges. These products allow institutional and individual investors to gain exposure to Bitcoin prices without having to hold the underlying cryptocurrency directly.
Bitcoin’s movement back above the $63,500 mark coincided with these new ETF inflows. The analyst known as That Martini Guy remarked that an initial pullback from this region should be seen as typical; in markets, previous resistances are rarely overcome on the first attempt.
That Martini Guy emphasized that the critical development was Bitcoin reclaiming $63,500 as a support level after several weeks, and maintained that as long as this support holds, a continued attempt at an upward move remains possible.
The short-term technical picture remains closely tied to whether buyers can defend this region. Consistent price action above $63,500 could put $65,700 back in focus, while a loss of support might trigger a retest of the $61,000 zone.
Short Covering Fuels Upward MomentumNot just spot market demand, but derivatives activity also played a role in Bitcoin’s climb. As the price pushed above $62,000, some investors holding short positions were forced to cover, amplifying the speed of the intraday rebound through mandatory purchases.
Nevertheless, the overall picture remains fragile. While Bitcoin has reclaimed a key support area, the strong resistance that turned away the last rally has yet to be broken. A lasting recovery will require stability in trading volumes and sustained buying activity.
Holding above $63,500 reinforces the short-term structure. However, unless the resistance near $65,700 is convincingly surpassed, it is too early to call the move a firm turnaround.
US Data Eases Rate Hike ExpectationsA further factor supporting Bitcoin came from the latest US economic data. Non-farm payrolls in June rose by 57,000, well below the 110,000 forecast. The prior month’s figures were revised downward, and the unemployment rate dipped to 4.2% amid a decline in labor force participation.
This set of data eased concerns that the Federal Reserve would raise interest rates in the near term. Yields on US bonds fell and the dollar weakened, providing a backdrop that encouraged appetite for risk assets. Bitcoin, as a non-yielding asset, benefited from this environment.
Focus Shifts to Fed Minutes and US ReportsLooking ahead, forthcoming data releases could also influence market pricing. Investors will be watching for the Federal Reserve’s June meeting minutes on Wednesday. Other key data points include the services sector PMI, the ADP employment report, and weekly jobless claims, all of which could shape interest rate expectations.
Currently, the market is balancing two opposing dynamics. The renewed ETF inflows and Bitcoin’s recovery of the $63,500 support provide fuel for potential upside, while June’s heavy outflows, limited liquidity, and increased regulatory pressure in Europe encourage ongoing caution. Maintaining levels above $63,500 puts $65,700 within reach, but a downward break puts the $61,000 area back in play.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Coinbase faced sharp criticism this weekend after an AI-generated alert on its prediction markets reportedly declared a false World Cup result, saying Norway had beaten Brazil before the match was played.
The notification claimed Norway won 3-2, with striker Erling Haaland scoring twice, and framed the fabricated outcome as breaking news. Users flagged the alert on social media, where critics called it dangerous and irresponsible.
Coinbase AI Alert Draws Backlash Over Fake World Cup ResultUsers accuse Coinbase of hallucinating results for a game that had not started, delivering factually incorrect alerts to millions of customers.
this is what happens when a crypto company uses AI to generate sports prediction markets @coinbase is hallucinating results
for a World Cup game that hasn’t even been played yet and sending factually incorrect notifications to its millions of users as “breaking news”… pic.twitter.com/coD8xY2O0S
— jay (@jay_drainjr) July 5, 2026 The knockout-stage fixture was set for Sunday at MetLife Stadium in New Jersey. Coinbase’s own market page listed the match under a weather delay, so no result existed when the alert went out.
Coinbase Chief Executive Brian Armstrong responded within hours, acknowledging the reports publicly.
“Taking a look with the team – thx for reporting it,” Armstrong responded in his first public comment on the error.
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Incident Tests Coinbase’s Truth-Seeking PitchThe timing is awkward. Armstrong has promoted prediction markets as a reliable way to surface facts. He argues financial stakes produce better information than traditional media.
“Prediction markets are the ultimate form of truth seeking. When there’s skin in the game, the output is far more reliable,” Armstrong stated in January.
However, those words now sit beside an AI system that invented, or rather, “hallucinated” a result. Coinbase’s 2025 shareholder letter also calls being the “most trusted name in crypto” its core strategy.
That pitch has drawn scrutiny before. In late 2025, Armstrong read out words that traders had bet he would say on an earnings call. The move nudged a market tied to his own remarks.
“And I just want to add here the words Bitcoin, Ethereum, Blockchain, Staking, and Web3 to make sure we get those in before the end of the call,” Armstrong stated, blurting out the predicted words without any apparent context.
The mishap also lands as Coinbase leans hard into AI. Armstrong fired engineers in 2025 who refused to use new coding assistants.
He said in September that about 40% of daily code was AI-generated, with a target above 50%. The firm has since cut its AI costs while adding automated features.
~40% of daily code written at Coinbase is AI-generated. I want to get it to >50% by October.
Obviously it needs to be reviewed and understood, and not all areas of the business can use AI-generated code. But we should be using it responsibly as much as we possibly can. pic.twitter.com/Nmnsdxgosp
— Brian Armstrong (@brian_armstrong) September 3, 2025 Coinbase rolled out prediction markets across the US as part of its Everything Exchange. Early market flow was powered by Kalshi, a partner in the prediction market race.
The exchange has also fielded betting promotion concerns in its consumer app. In March, Armstrong addressed a separate targeting bug that pushed unwanted alerts.
“Looks like there was a bug on targeting for these push notifications – getting fixed now…The alternative is for us to apply a heavy hand and dictate what customers should or should not trade and I don’t think people want that either – too paternalistic, and anti free market,” he said.
Meanwhile, the error revives questions about AI safeguards in financial products used by millions.
The company will likely disable automated match alerts until it can verify outcomes. Past fixes suggest a patch and an apology could follow. Repeated failures, however, point to deeper product strain.
Coinbase and Armstrong did not immediately respond to BeInCrypto’s request for comment.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
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Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
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DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
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JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
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South Korea is pushing forward civil enforcement rules for virtual assets, with plans to allow courts to seize and liquidate crypto assets.
South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.
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Garret Jin increases his short position on ZEC, with the position valued at $14.9 million.
According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) began the week on a constructive note after surging over 6%, 13% and 10% in the previous week. BTC holds steady around $63,500, ETH approaches a key technical resistance at $1,800, while XRP has broken above the upper boundary of a falling channel, strengthening the bullish outlook.
Bitcoin could extend gains if it closes above the $64,000 resistance zoneBitcoin price trades at $63,500 on Monday after surging over 6% in the previous week. BTC is maintaining a capped bias as price remains below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), all of which sit well above spot.
The immediate ceiling is the horizontal level around $64,004, with the 50-day EMA near $65,763 adding to overhead supply further up, while the longer-term 100-day and 200-day EMAs near $69,469 and $75,427 respectively, reinforce a broader bearish structure despite a modestly positive Relative Strength Index (RSI) around 51 and a firmly positive Moving Average Convergence Divergence (MACD), which hint at improving but still constrained momentum.
On the topside, a break above the nearby horizontal resistance at $64,004 would open the door toward the 50-day EMA at $65,763, followed by the 100-period EMA at $69,469 and the 200-day EMA at $75,427, before the more distant horizontal barrier around $84,410 comes into focus.
On the downside, the absence of clearly defined nearby supports in the provided data suggests that any renewed selling below $63,554 would rely on emerging price action and lower historical lows to attract dip-buying interest rather than on pre-identified structural floors.
Ethereum nears the 50-day EMAEthereum price trades at $1,784 on Monday, up over 13% in the previous week. ETH maintains a bearish bias as it remains below a stack of key EMAs. Price is capped first by the 50-day EMA near $1,806, with the 100-day EMA around $1,972 and the 200-day EMA near $2,241 reinforcing the broader overhead supply zone.
Momentum, however, is improving, with the RSI hovering near 57 and the MACD firmly positive, suggesting upside attempts may continue but will likely struggle while these EMAs remain intact above spot.
On the topside, immediate resistance is seen at the 50-day EMA around $1,806, followed by the 100-day EMA near $1,972 and the horizontal barrier at $2,000, before the longer-term 200-day EMA up toward $2,242.
On the downside, the nearest meaningful structural support is the horizontal level around $1,385, where buyers previously emerged, with any decline toward that zone likely to test the resolve of the nascent recovery despite the currently constructive momentum backdrop.
XRP closes above the upper boundary of the falling channelXRP trades at $1.148 on Monday after rallying over 10% and breaking above the upper boundary of the falling channel in the previous week. However, XRP maintains a broadly bearish configuration, with price holding below the 50-day, 100-day, and 200-day EMAs, clustered between roughly $1.180 and $1.500, keeping the medium-term trend capped despite a modest rebound from recent lows.
Momentum is improving, with the RSI hovering just above the 50 line and the MACD in positive territory, suggesting a corrective recovery within a still-dominant downside structure.
On the topside, immediate resistance aligns with the 50-day EMA near $1.183, followed by the 100-day EMA around $1.286 and the horizontal barrier at $1.300, with the 200-day EMA near $1.495 and the prior resistance line around $1.900 reinforcing a broader supply zone higher up.
On the downside, initial support emerges at the lower parallel-channel region around $1.110, where a break would expose further weakness, while holding above this area would allow buyers to keep testing the nearby moving-average ceiling.
(The technical analysis of this story was written with the help of an AI tool.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
TL;DR Spot Bitcoin ETFs recorded $526.64 million in net outflows last week, extending their losing streak to eight consecutive weeks. Spot Ethereum ETFs also posted net outflows of $13.67 million, marking an eighth straight week of withdrawals. In contrast, SOL, XRP, and HYPE ETFs attracted fresh capital, with XRP ETFs leading weekly inflows. Analysts say ETF flows remain a key indicator of institutional sentiment as investors monitor Bitcoin’s next market direction. U.S. spot Bitcoin exchange-traded funds (ETFs) continued to face heavy selling pressure last week, recording $526.64 million in net outflows between June 29 and July 2. The latest withdrawals mark the eighth consecutive week of net outflows, the longest weekly redemption streak since spot Bitcoin ETFs began trading in the United States.
The trend reflects continued caution among institutional investors as Bitcoin struggles to regain momentum. According to SoSoValue data, total net assets across U.S. spot Bitcoin ETFs have fallen to approximately $74.37 billion, while Bitcoin traded near $61,500 during the reporting period, as shown in the accompanying chart. The sustained redemptions come after June became the worst month on record for spot Bitcoin ETFs, with roughly $4.5 billion leaving the products.
Spot Bitcoin ETFs See $527M Net Outflows Last Week, Extending Outflow Streak to 8 Weeks
From June 29 to July 2 (ET), spot Bitcoin ETFs saw $527 million in net outflows, marking the eighth consecutive week of outflows. Spot Ethereum ETFs recorded $13.67 million in net outflows,… pic.twitter.com/mqujUflCEl
— Wu Blockchain (@WuBlockchain) July 6, 2026
Spot Ethereum ETFs also remained under pressure, posting $13.67 million in net outflows over the same period. Like Bitcoin funds, Ethereum ETFs have now logged eight straight weeks of investor withdrawals, highlighting persistent risk-off sentiment across the two largest digital assets.
Altcoin ETFs Buck the Trend as SOL, XRP, and HYPE Attract Fresh Capital While Bitcoin and Ethereum products continued to lose assets, several newer crypto ETFs managed to attract fresh investment.
Spot Solana (SOL) ETFs recorded $5.75 million in weekly net inflows, while XRP ETFs brought in $17.19 million, making XRP the strongest performer among the major altcoin funds. Hyperliquid (HYPE) ETFs also remained in positive territory with $4.32 million in net inflows, although the figure represented a slowdown compared with previous weeks.
The divergence suggests that some investors are rotating capital into alternative digital assets rather than exiting the crypto ETF market entirely. Although Bitcoin remains the largest institutional investment vehicle in the sector, selective demand for altcoin-based products indicates that investors continue to seek exposure to projects they believe offer stronger upside potential.
Bitcoin ETFs Face Mounting Pressure Despite Brief Daily Recovery Despite the weak weekly performance, the reporting period ended with a small sign of stabilization. On July 2, U.S. spot Bitcoin ETFs recorded more than $221 million in daily net inflows, breaking a 10-session outflow streak. However, analysts caution that a single positive trading day is unlikely to reverse the broader trend after eight consecutive weeks of withdrawals.
Market observers attribute the prolonged outflows to a combination of macroeconomic uncertainty, higher interest-rate expectations, and reduced appetite for risk assets. Bitcoin has remained under pressure alongside broader financial markets, while institutional investors continue trimming exposure through ETF redemptions.
Going forward, ETF flows are expected to remain a closely watched indicator of institutional sentiment. A sustained return to net inflows could signal renewed confidence in Bitcoin, while continued withdrawals may reinforce expectations of subdued demand until broader market conditions improve.
Bitcoin is trading at $63,169 with a modest 0.73% gain over the past 24 hours, holding above the $63,000 level that has proven sticky through the early week. Ethereum trails slightly at $1,774.75, up 0.60% on the day, as both assets mark time after last week's rally off June lows.
The continued consolidation reflects cautious positioning heading into what has historically been a volatile period for risk assets. Bitcoin's market cap stands at $1.27 trillion, with 24-hour trading volume at $20.3 billion — respectable levels but far from breakout intensity. Ethereum's volume of $11.3 billion suggests traders are managing exposure rather than chasing directional conviction.
Last week's bounce from late June's capitulation appears to be holding, but neither asset has generated the kind of follow-through volume that would suggest a sustained breakout is underway. The recovery from June's 20% drawdown for Bitcoin established a higher low, but we remain well below the $70,000 level that would signal a meaningful reversal of medium-term weakness.
Macro conditions remain mixed. Friday's weak jobs report initially supported risk appetite, but the bid has been inconsistent as traders weigh competing narratives around Fed policy and inflation trajectory. Without clear directional catalysts, crypto is tracking broader risk sentiment rather than generating its own momentum.
The week ahead matters more than the data point of the day. Institutional traders returning from weekends have already factored in the jobs data. What moves Bitcoin and Ethereum from here is whether equity markets hold the post-data bounce or if macro volatility returns.
PANews July 6 news, according to SoSoValue data, the overall crypto market showed an upward trend, with the CeFi sector performing strongly, up 2.74% in 24 hours. Among them, Binance Coin (BNB) rose 3.19%, and Bitget Token (BGB) rose 1.01%. At the same time, Bitcoin (BTC) rose 1.21%, breaking through $63,000; Ethereum (ETH) rose 1.26%, approaching $1,800.
In other sectors, the DeFi sector rose 2.41% in 24 hours, with Lighter (LIT) up 18.06%; the Layer 1 sector rose 2.15%, with Canton Network (CC) up 4.50%; the Meme sector rose 1.38%, with Pump.fun (PUMP) up 7.83%; the PayFi sector rose 1.12%, with Ultima (ULTIMA) up 11.19%; the Layer 2 sector rose 0.21%, with Starknet (STRK) up 1.94%.
In addition, the NFT sector fell 0.93%, with Pudgy Penguins (PENGU) down 2.81%.
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
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South Korea is pushing forward civil enforcement rules for virtual assets, with plans to allow courts to seize and liquidate crypto assets.
South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.
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Garret Jin increases his short position on ZEC, with the position valued at $14.9 million.
According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.
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Analysis: Bitcoin rebounds, yet spot trading volume shrinks rapidly, with risks of long squeezes in derivatives accumulating.
Crypto analyst Murphy notes that as Bitcoin rebounded from $58,000 to nearly $64,000, its spot relative volume plummeted rapidly. A rebound unsupported by spot demand is unlikely to form the foundation of a trend reversal, often being merely a sentiment-driven recovery rally, so its sustainability demands close monitoring. On the positive front, the USDC/USDT exchange rate has retreated from 1.001 to 1.0006, signaling waning exit intentions and recovering trading activity. While major stablecoins on trading platforms still remain in net outflow, the outflow magnitude has continued to narrow, and this marginal improvement in funding conditions underpins the rebound’s continuation. However, the weakening of spot drivers means derivatives have gained relatively more weight. The 7-day average long premium for perpetual contracts has climbed steadily to $160,000 per hour, indicating taker buy orders have persistently pushed perpetual contract prices above spot levels. Open interest has declined somewhat but remains significantly higher than levels in February this year. The current long premium is still within a normal range, but as the rebound persists, the risk of a long squeeze will keep building. Once open interest rebounds again, fierce battles between bulls and bears will trigger faster and more violent volatility—a hidden risk that requires advance attention.
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ANSEM posts a short-term rally of 25%, with its current market cap standing at $380 million.
According to GMGN monitoring, Solana ecosystem meme coin ANSEM surged 25% within one hour, with its market cap rebounding to around $380 million, posting a 30% 24-hour gain and trading volume exceeding $39.7 million over the same period. The rally is likely due to Ansem himself (X: blknoiz06) announcing the completion of a new round of airdrop distribution, totaling approximately $7 million. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, with no actual value or use cases; investors should exercise caution regarding risks.
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HTX Genesis Hackathon Attracts Over 30 Teams from Top Universities at Home and Abroad
According to official social media announcements, the HTX Genesis Hackathon—hosted by HTX DAO and B.AI, and co-organized by OpenCSG, TinTinLand, and OpenCity—has entered the preliminary screening phase. More than 100 developer teams have registered for the event, with participants hailing from over 30 top universities across 22 global cities, including Tsinghua University, Fudan University, the National University of Singapore, and the University of Edinburgh. The hackathon offers a total prize pool of 20,000 USDT and over $100,000 in computing power support. Participating teams will innovate in areas such as $HTX use cases, B.AI ecosystem applications and computing power services, AI Agent finance, on-chain asset management, trading infrastructure, DAO tools, and smart financial operating systems. The HTX Genesis finals will be held offline on July 19 during the World Artificial Intelligence Conference (WAIC) in Shanghai.
