ONDO and LIT are today's largest losers once agian, while ZEC has decisively broken below $500.
After gaining several grand and peaking at $67,000 earlier this week, bitcoin faced an immediate rejection and dipped below $64,000, where it currently struggles.
Most larger-cap alts are also in the red on a daily scale now, with ETH slipping to $1,850, XRP fighting for the $1.10 support, and ZEC dropping by 6%.
BTC Falls to $64K On the surface, the past week appeared quite positive for the primary cryptocurrency given the overall market sentiment. After dipping to $63,750 on Monday, the asset went on a highly successful run and soared to $67,000 on Tuesday evening for the first time in over a month. Some of the reasons behind this jump included renewed ETF net inflows and new purchases from whales.
However, the fragile market state failed to provide more rally support, and BTC went downhill in the following days. It dropped to $64,750 on Thursday, before it jumped by a grand on Friday morning. However, another rejection followed, which is rather typical for Fridays in the past several weeks, and BTC dipped by $2,000 after US President Trump warned the EU about a new set of tariffs.
Bitcoin has been unable to stage a notable recovery since then and remains struggling at around $64,000 as of press time. Its market capitalization has dipped to $1.285 trillion, while its dominance over the altcoins has rebounded slightly to 56.3%.
BTCUSD July 25. Source: TradingView WLD Dumps Worldcoin’s native token is the poorest performer today, plunging by over 10% to $0.34. Interestingly, this major decline comes after the project announced a successful fundraiser for $52.5 million to expand its World ID infrastructure. The other big losers today are ONDO (-7%), LIT (-6.3%), and ZEC (-6%). The privacy coin has dropped further away from the $500 mark.
The larger-cap alts are also in the red, albeit in a 1-2% manner. ETH is below $1,860, XRP is beneath $1.10, SOL is down to $74, while HYPE has slipped to $57. XMR continues to be among the few altcoins charting some gains. A 2.4% jump has pushed it to $365.
The total crypto market cap has lost around $20 billion daily and is down to $2.280 trillion on CG.
Cryptocurrency Market Overview July 25. Source: QuantifyCrypto
Bitcoin traded sideways while several altcoins saw strong price swings. A handful of tokens posted solid weekly gains, while others extended their losses after failing to hold key support levels.
Overall, the week was driven by technical rallies, profit-taking, and continued rotation into select altcoins.
Lido DAO [LDO] nears a key resistance zone Lido DAO [LDO] led this week’s movers with a 16% rally. Notably, this comes after two straight weeks of upside, pushing LDO’s total gains to 25%. In just 21 days, the token has delivered a solid 40%+ recovery.
Why does this matter? Despite the recent move higher, LDO’s RSI is still far from the extreme overbought zone. This shows the rally has not yet entered a crowded phase, leaving room for further upside if momentum continues.
Technically, this suggests LDO’s move is more than just a random pump. The rally follows a sharp June sell-off, where LDO dropped toward $0.20 and broke below its Q1 lows. The current recovery shows buyers are stepping back in and attempting to reverse the previous downtrend.
Source: TradingView (LDO/USDT) If this momentum continues, a breakout toward the $0.40 resistance zone could be on the table.
For context, LDO faced heavy selling pressure around this level during Q1, making it a critical area for bulls to reclaim. A successful breakout could strengthen the recovery narrative, while another rejection may trigger a period of consolidation as traders reassess the next move.
Is Pump.fun [PUMP] still far from reaching full FOMO? Pump.fun [PUMP] emerged as the second-biggest weekly winner with a 13% rally. While the RSI remains neutral and PUMP has seen strong trading volume in recent sessions, calling this a full-fledged breakout setup may still be too early.
For over two months, PUMP has been trading below the key $0.002 resistance zone, making this the most important level for bulls to reclaim. However, every weekly push higher has so far been followed by a sharp cooldown phase, showing that accumulation is still not strong enough to support a larger breakout.
In short, though, PUMP is showing early signs of recovery, the structure still needs confirmation. Until buyers can consistently defend higher levels and break through the $0.002 resistance, the token remains in a consolidation phase rather than a confirmed breakout trend.
Venice Token [VVV] sees a much-needed weekly relief rally Venice Token [VVV] took the third spot this week with a 12.3% rally. For VVV, this could be one of its most significant weeks since mid-Q2. From a technical standpoint, VVV has been stuck in a consistent downtrend over the past eight weeks, with every weekly close ending in the red.
However, this week’s gains have clearly pushed VVV back into the spotlight. More importantly, the recovery came right after VVV broke below the key $10 support level, suggesting buyers stepped in at a critical zone. In this context, the rally looks more strategic, with bulls attempting to defend lower levels and build a recovery base.
If this trend holds, VVV could have started its recovery phase. The next key challenge sits around $15, which will determine whether this rebound can turn into a stronger reversal or remain just a short-term relief rally.
Other notable winners Outside the majors, altcoin movers also stole the spotlight this week.
IOTA [SN9] led the market with a staggering 5,267% gain, followed by Akedo [AKE], which surged 874%, while TENDIES [TENDIES] climbed 615%, rounding out the week’s top performers.
Weekly losers Lighter [LIT] enters a textbook cooldown phase Lighter [LIT] led this week’s losses with a 16% decline. While LIT has seen similar pullbacks after strong weekly rallies since its mid-May breakout, this correction could be slightly different.
Notably, LIT’s drop comes after three straight weeks of upside, where the token rallied over 60% and reached a new all-time high of $2.70. More importantly, the breakout followed a successful retest of the $2 resistance zone, showing bulls were stepping in at key levels, a trend that has supported LIT’s Q2 rally.
However, this time, the RSI had climbed above 70, signaling an overheated move. The pullback toward 52 shows momentum has cooled, but it also suggests the market is resetting rather than losing strength.
Source: TradingView (LIT/USDT) Technically, however, this marks LIT’s strongest RSI pullback since its Q2 rally. In essence, this cooldown could become an important setup for LIT’s next move. If buyers step back in and the RSI starts recovering, this reset could fuel another upside attempt.
Otherwise, this could be the first real sign that LIT has formed a local top.
Pi Network [PI] broke below a key support zone Pi Network [PI] emerged as the second-biggest loser this week with a 2.7% decline. While the drop looks modest compared to Lighter’s double-digit losses, PI’s chart looks much weaker, pointing to a stronger bearish bias.
Notably, this marks PI’s fourth straight week of losses. More importantly, the token broke below the key $0.10 support level, putting any near-term bounce under renewed selling pressure and printing a fresh all-time low.
Technically, PI remains firmly in a bearish structure. While the RSI has dropped into oversold territory, that alone doesn’t guarantee a recovery. Unless buyers reclaim the $0.10 level, any bounce could simply be a short-term relief rally rather than the start of a trend reversal, keeping PI as one of the weaker charts in the market right now.
Are Arbitrum [ARB] bulls losing their upper hand? Arbitrum [ARB] took the third spot among this week’s biggest losers. Unlike PI, however, ARB’s chart hasn’t fully shifted into a bearish structure. The pullback comes after two straight weeks of gains, during which the token rallied more than 25%.
However, this week’s decline followed ARB’s failure to break above the key $0.10 resistance zone, a level that has capped price since the early May cycle. The rejection shows bulls are still struggling to reclaim this area, allowing sellers to regain short-term control.
Technically, ARB is at an important inflection point. If bulls can reclaim the $0.10 resistance zone, the recent pullback could turn into a healthy retest. Otherwise, continued rejection at this level may keep ARB stuck in a broader consolidation phase and hand bears the upper hand in the near term.
Other notable losers In the broader market, downside volatility hit hard.
Cash Cat [CASHCAT] led the losers with a 72% decline, followed by LAB [LAB], which fell 66.5%, while ETHGas [GWEI] dropped 53.3% as bearish momentum intensified.
Conclusion This week was a rollercoaster for crypto. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
Final Summary Lido DAO [LDO], Pump.fun [PUMP], and Venice token [VVV] led the week in gains. Lighter [LIT], Pi network[PI], and Arbitrum [ARB] saw significant declines.
Lighter [LIT] delivered one of the market’s strongest moves, climbing 13% at its daily peak.
Several factors supported the rally. Lighter generated nearly $1 million in protocol revenue over the past 15 days.
Meanwhile, Spot buyers positioned for further gains as LIT outperformed the broader market.
Why are Spot buyers backing LIT? While the wider market remained muted, LIT attracted aggressive Spot buying.
CoinGlass data recorded $13.53 million in weekly Spot Netflow. Total Spot Inflows reached approximately $54.60 million.
Source: CoinGlass Positive Spot Netflow meant active buy volume exceeded active sell volume. It did not represent withdrawals into private wallets.
Over the past 24 hours, Spot Netflow reached $1.24 million and continued favouring buyers. Sustained demand could help LIT protect its gains. However, buyers must maintain that pressure as the rally matures.
Who is driving LIT’s rally? Retail traders appeared to drive much of LIT’s latest surge. The Whale-Retail Delta remained negative, indicating stronger retail participation than whale activity.
Source: CoinGlass Even so, the indicator moved higher over the past day. This shift suggested that whale participation also increased during the rally.
Perpetual markets attracted additional capital as Open Interest reached approximately $379.79 million. Traders added $17.88 million in positions over 24 hours, increasing LIT’s leveraged exposure.
Rising price, Open Interest and Funding Rates suggested that bullish positioning supported the rally. However, higher leverage could also increase volatility if momentum weakens.
Can the token burn support LIT? Lighter’s buyback-and-burn structure provided another layer of support.
On the 10th of July, the protocol burned approximately 15.6 million LIT worth around $42 million.
Lighter had repurchased these tokens using protocol revenue accumulated through the second quarter of 2026. The burn permanently removed 6.3% of the circulating supply. That reduction strengthened LIT’s scarcity argument while connecting protocol revenue with token supply.
Spot demand, rising Open Interest and tighter supply could support further gains. Still, retail-led momentum may prove fragile without sustained whale participation.
Final Summary Lighter’s whale participation increased, but retail traders continued carrying most of the conviction. LIT’s rally now rests on whether speculative demand can mature into durable market support. The next test may reveal whether scarcity or leverage carries more weight.
CleanSpark’s US pre-market shares rise over 16% after securing a $6.6 billion, 20-year data center lease.
CleanSpark has signed a $6.6 billion, 20-year data center lease agreement with an unnamed global technology company, covering its data center campus in Sandersville, Georgia, U.S. The tech firm also secured exclusive rights to use CleanSpark’s Texas data center portfolio, with a maximum capacity of 885 megawatts (MW). Per market data from BIT (bit.com), CleanSpark (CLSK) shares jumped over 24% in Tuesday’s pre-market trading on the news, and were last up 16.42%.
3 minutes ago
IBM's pre-market decline in US stocks widened to over 20%
According to market data from BIT (bit.com), IBM’s pre-market trading on US equities has seen its decline widen to over 20%, as the company’s preliminary Q2 revenue and net profit missed market expectations.
3 minutes ago
Goldman Sachs' US shares rose more than 2% in pre-market trading, with its Q2 equity sales and trading revenue far exceeding expectations.
According to market data from BIT (bit.com), Goldman Sachs (GS.N) rose over 2% in pre-market US trading. The firm’s second-quarter stock sales and trading revenue stood at $7.42 billion, against an expected $5.02 billion; its second-quarter fixed income, currency and commodities (FICC) revenue reached $4.59 billion, up 32% year-over-year.
3 minutes ago
JPMorgan Chase posts a record quarterly profit, with stock trading revenue hitting $6 billion.
JPMorgan Chase has posted its highest quarterly profit ever, driven by stock trading revenue that far exceeded analyst expectations and a $4.6 billion gain from its long-held Visa Inc. stake. According to the bank’s Tuesday statement, second-quarter stock trading revenue jumped 86% year-over-year to $6.03 billion, topping even the highest analyst forecast. This pushed total trading revenue to $12.1 billion, surpassing the all-time high set in the first quarter of this year.
3 minutes ago
IBM drops over 12% in pre-market US trading, preliminary second fiscal quarter revenue misses expectations.
According to BIT (bit.com) market data, IBM’s US stock dropped over 12% in pre-market trading. The company’s preliminary second-quarter revenue reached $17.2 billion, against market expectations of $17.86 billion.
3 minutes ago
Binance: Alpha Blind Box Airdrop Now Open for Claiming, Points Threshold Set at 251 Points
According to official announcements, Binance Alpha’s mystery box airdrop is now live. The airdrop pool includes tokens from two projects: Orochi Network (ON) and Metaplex (MPLX). Users holding at least 251 Binance Alpha points can claim one token airdrop on the Alpha event page. After claiming, users will be assigned to different reward tiers and receive one of the following rewards: 315, 395, or 1125 ON tokens; 1038, 1298, or 3705 MPLX tokens. Rewards are distributed on a first-come, first-served basis. If rewards are not fully distributed, the point threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop consumes 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, the airdrop will be deemed forfeited.
Renewed geopolitical tensions in the Middle East triggered a brief risk-off move, sending Bitcoin [BTC] and altcoins lower before BTC recovered and held above the $63,000 support level, highlighting its resilience.
Against this backdrop, protocol-based altcoins dominated the winners’ list with strong double-digit rallies, while most of the week’s biggest losers came from speculative assets, reflecting a clear rotation toward fundamentally stronger projects.
How did DeXe [DEXE] reinforce its bullish structure? DeXe [DEXE] led this week’s gainers with a massive 73% rally, marking its strongest weekly performance on record. The move reflects strong investor demand for decentralized governance protocols despite mixed sentiment across the broader crypto market.
From a technical perspective, DEXE is now approaching the $50 resistance level, putting another breakout within reach. However, the rally is also beginning to flash signs of exhaustion. At press time, the RSI has pushed deep into overbought territory, suggesting buyers may be getting stretched.
At the same time, DEXE has gained 73% in less than four trading days, highlighting an aggressive buying spree that often precedes a period of cooling. With the broader market turning risk-off again as geopolitical tensions weigh on sentiment, short-term profit-taking could increase.
Source: TradingView (DEXE/USDT) If that happens, $35 is the first key support level to watch. However, if buyers continue to absorb selling pressure, DEXE could still break above $50 and extend its rally.
Overall, DEXE enters the week with strong momentum but elevated risk as technicals become overextended.
Arbitrum [ARB] is approaching a KEY resistance zone Arbitrum [ARB] was the second-biggest gainer this week, climbing 20% after posting an 8% rally the week before. The back-to-back gains suggest buyers are steadily taking control, with bullish momentum continuing to build. Technically, ARB still doesn’t look overheated.
Despite the strong move, the weekly RSI remains below overbought territory, suggesting there is still room for the rally to extend. The daily chart also continues to print higher highs, showing buyers remain in control. The next key level to watch is the $0.10 resistance zone. ARB hasn’t reclaimed this level since losing it during the late May correction, making it an important technical barrier.
If buying pressure continues at its current pace, a breakout above $0.10 looks increasingly likely. That would open the door for another leg higher, making ARB one of the stronger technical setups to watch this week.
Lighter [LIT] continues to outrun bearish control Lighter [LIT] secured the third spot among this week’s top gainers with a 5% rally. While the gain was smaller than the week’s biggest winners, it suggests LIT has continued to hold onto its recent strength.
Technically, the more important development is that LIT has broken above the $2.70 resistance level. This comes after the token rallied more than 50% over the past two weeks, showing buyers are still willing to accumulate even after a strong uptrend.
The successful reclaim of resistance also shifts market sentiment in favor of the bulls. If buying pressure continues, the breakout could attract fresh momentum traders, increasing the chances of a move toward $3.
Other notable winners Outside the majors, altcoin movers also stole the spotlight this week.
TCC [TCC] led the market with a staggering 66,301% gain, followed by Cash Cat [CASHCAT], which surged 3,928%, while Yei Finance [CLO] climbed 76%, rounding out the week’s top performers.
Weekly losers How did Bonk [BONK] erase its previous week’s gains? Bonk [BONK] led this week’s losers with an 18% decline, completely wiping out last week’s 18.6% rally. The move is another reminder of the sharp swings that are common across the meme coin sector.
What’s interesting is that the sell-off came despite 110 million BONK being burned this week. That suggests the token burn wasn’t enough to shift sentiment. Technically too, BONK looks weak. The weekly chart has been printing lower lows since the mid-Q3 2025 cycle, showing the broader downtrend remains intact.
Even though the RSI was deep in oversold territory as of writing, buyers have yet to step in with enough conviction to reverse the trend. This week’s decline also pushed BONK to a new all-time low around $0.0000039, reinforcing the bearish structure.
Source: TradingView (BONK/USDT) Unless market sentiment improves or buyers reclaim key resistance levels, BONK is likely to remain under pressure, making it one of the weaker technical setups heading into next week.
Audiera [BEAT] is testing the strength of a KEY support Audiera [BEAT] was the second-biggest loser this week, dropping 12% after posting two straight weeks of gains. Despite the pullback, BEAT is still holding above levels it reclaimed during its recent breakout, suggesting bulls haven’t lost control just yet.
Technically, the focus is now on the $2.00–$2.50 support zone. Since mid-May, buyers have consistently stepped in around this area, triggering several weekly rebounds and keeping the broader uptrend intact. That makes this week’s decline look more like a cooldown than a trend reversal.
If bulls defend support once again, BEAT could build enough momentum for another run at the $3.50 resistance. A successful breakout above that level would confirm another higher high and keep BEAT among the stronger bullish setups to watch next week.
Why did Jupiter [JUP] post its weakest weekly rally in over a month? Jupiter [JUP] was the third-biggest loser this week, falling just over 10%. The pullback came after numerous weeks of gains and pushed the token back below the $0.25 resistance level.
Technically, though, the trend still favors the bulls. JUP continues to hold a pattern of higher highs and higher lows, suggesting the broader uptrend remains intact. The next key level to watch is $0.20, where buyers have consistently stepped in during previous pullbacks.
That puts JUP in a healthy consolidation phase rather than a full trend reversal. If bulls continue to defend support, the current pullback could provide the base for another move higher.
A reclaim of $0.25 would strengthen the bullish structure and increase the chances of another breakout, making JUP one of the key altcoins to watch heading into next week.
Other notable losers In the broader market, downside volatility hit hard.
LAB [LAB] led the losers with a 96% decline, followed by ETHGas [GWEI], which fell 54%, while BUILDon [B] dropped 47.7% as bearish momentum intensified.
Conclusion This week was a rollercoaster for crypto. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
Final Summary DeXe [DEXE], Arbitrum [ARB], and Lighter [LIT] led the week in gains. Bonk [BONK], Audiera [BEAT], and Jupiter [JUP] saw significant declines.
Lighter [LIT] has rallied by 3.68% in the last 24 hours with a daily trading volume spike of 13.52%. Over the past week alone, the token rallied by 18%.
In a recent report, AMBCrypto warned that the token was potentially overbought and might see a correction toward $2. Now, in the days after, LIT did fall by around 13% to reach $2.3. However, it has since climbed back to $2.60 once more.
Source: Etherscan In a post on X, Lighter revealed the burn of just over 15.6 million LIT tokens, worth more than $42 million. It represented approximately 6.3% of the LIT circulating supply of 250 million tokens and 1.5% of the total supply of 1 billion.
This massive burn on 10th of July could have sparked short-term bullish momentum for the altcoin. In fact, the price action showed that a move towards $3 might not be far.
Why Lighter price trends might be overextended Source: LIT/USDT on TradingView The 1-day chart revealed a bearish divergence. The RSI made a lower high while the price made a higher high, a classic bearish divergence. The volume trends were steadily bullish, but the bearish momentum divergence warned of a potential price pullback.
Despite the divergence though, demand for the altcoin has been strong.
Based on the swing move higher from $0.83 to $2.76, Fibonacci retracement levels were plotted.
If LIT falls below $2.30, the 23.6% Fibonacci retracement level, swing traders and investors can wait for a deeper retracement. Patience is required until then.
Traders’ call to action – Play the range Source: LIT/USDT on TradingView The 1-day chart warned of a pullback. The 4-hour chart showed a range formation between $2.31 and $2.68 form. Neither extreme of the range has been breached so far after two tries in July.
Traders can wait for a bullish breakout past $2.70 to buy LIT, targeting $3.06 and $3.21. On the other hand, a breakdown below the $2.31 range low, and the 23.6% Fibonacci retracement level on the 1-day timeframe at $2.30, would indicate a pullback below $2 was becoming more likely.
Final Summary Demand and bullish momentum for Lighter continued to hold sway, despite a bearish momentum divergence signal. Traders would want to watch the short-term range formation for clues on the next impulse move’s direction.
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.
Tom Lee: Traditional finance and cryptocurrency will eventually converge into a single market, and he holds a long-term bullish stance.
Tom Lee, chairman of BitMine — the largest Ethereum treasury — stated that traditional finance (TradFi) and the cryptocurrency market will eventually merge into a single market. He added that his strong bullish conviction in ETH and the Ethereum blockchain has remained consistent over the past six years, reaffirming his long-term bullish stance.
17 minutes ago
Since hostilities resumed, vessel transits through the Strait of Hormuz have plummeted, pushing transportation costs higher.
Since the resumption of hostilities between the U.S. and Iran this week, transit volumes through the Strait of Hormuz have dropped significantly. According to Kpler data, Thursday’s transit volume fell to 22 vessels from 30 the previous day. Local time on Tuesday, Iran targeted vessels in the strait (including a damaged Qatari LNG carrier), sparking renewed clashes between the two sides. Since the reciprocal attacks on Tuesday, only two LNG carriers have entered the strait, while one has exited. After the U.S. and Iran signed an agreement on June 17 to launch negotiations to end the conflict, transit volumes had risen briefly, peaking a few days later before the ceasefire was broken. Shipping brokerage Braemar LNG said in a client report on Friday that shipowners, acting with caution, have withdrawn available capacity from the region "until the geopolitical situation becomes clearer". This move has reduced the number of available vessels and pushed up transportation costs.
17 minutes ago
Robinhood to Expand Its AI Agent Feature to Crypto Trading
Robinhood has officially announced that its AI agent feature is expanding into the cryptocurrency trading space. Eligible U.S. users will be able to connect third-party AI agents to execute crypto asset trades, co-develop trading strategies with the AI agents, and set specific risk limits, eliminating the need for continuous account monitoring. The platform also disclosed that since launching the beta version of its AI agent feature for stock and options trading, more than 70,000 "agentic accounts" have been created to date, though it has not yet revealed an official launch timeline for the crypto-focused AI agent trading function.
17 minutes ago
Sources familiar with the matter on Tencent's acquisition negotiations for Manus: Tencent will retain its minority shareholder status
Recent reports say Tencent is in discussions to become the largest shareholder of Manus, a general-purpose AI agent company. According to the reports, a Chinese capital group led by Tencent will repurchase all of Manus’ equity from Meta at a valuation of around $2 billion. Reporters from Southern Metropolis Daily reached out to Tencent for confirmation, but the company had no response as of press time. Another insider familiar with the matter revealed that after the transaction, Tencent will remain a minority shareholder and will not hold a controlling stake.
17 minutes ago
The Hedera Network is suspected of being hacked, with attackers transferring $3.7 million cross-chain to Ethereum.
According to on-chain detective Specter’s monitoring, Hedera Network is suspected of having suffered a hack. Attackers have bridged over $3.7 million from Hedera Network to Ethereum via LayerZero, and the stolen funds are currently being converted from WBTC to ETH.
17 minutes ago
Data: Bitcoin treasury firms have seen their combined market capitalization drop by over $100 billion, while their total Bitcoin holdings have instead climbed to 1.14 million coins.
Analyst Darkfost noted that since October 2025, the total market value of global Bitcoin treasury companies’ holdings has shrunk from $396 billion to $272 billion, erasing over $100 billion in value. Over the same period, the total Bitcoin held by these firms rose from 953,000 to 1.14 million coins — the market value drop was driven entirely by falling Bitcoin prices, not sell-offs. However, it is worth noting that since May this year, when Bitcoin entered a significantly undervalued range, the pace of these firms’ Bitcoin purchases has slowed sharply and nearly stalled. The companies’ most concentrated buying period ran from November 2024 to October 2025, during which their holdings tripled in less than a year at purchase prices roughly between $75,000 and $125,000 — a zone right within Bitcoin’s all-time high territory. The pressing question now is: With these firms having built up large positions at the peak, will they sell off at low levels? Strategy recently became the first to initiate Bitcoin sales; whether other treasury companies will follow suit and become a new source of selling pressure for the market remains to be seen. Given their current total holdings of 1.14 million Bitcoin, if more firms are forced to cut positions amid the slumping market to ease financial strains, this could pose additional downside risks to Bitcoin’s price.
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.
Morgan Stanley upgrades Lenovo's rating to Overweight, sets target price at HK$30.
AI reshapes the memory market landscape, transforming Lenovo from a victim of cyclical pressures into a beneficiary of pricing power, as Morgan Stanley significantly upgrades Lenovo Group’s rating and target price. Morgan Stanley’s Howard Kao-led team raised Lenovo’s rating from Neutral to Overweight, sharply lifting its target price from HK$14.20 to HK$30.00, representing around 34% upside from its HK$22.32 closing price on July 8. The report notes that AI-driven demand has fundamentally altered the supply-demand dynamics of the memory market, enabling Lenovo to pass on higher component costs to customers while preserving its profit margins. The bank forecasts this trend will persist at least through the second half of 2026.
11 minutes ago
Cardano Founder Denies Resignation Rumors: "They are completely untrue and entirely fabricated."
Cardano founder Charles Hoskinson has denied rumors of his departure, calling them "fake, a complete lie, and totally fabricated." The rumors have spread widely—one London taxi driver even told visiting Cardano supporters that he had heard the founder was about to retire.
11 minutes ago
Binance will adjust the funding rate cap for SK Hynix U-margined perpetual contracts.
Binance will adjust the funding rate cap for its SKHYNIX USDT perpetual contract at 16:15 Beijing Time on July 10, 2026. Following the adjustment, the cap will be lowered from ±2.00% to ±0.50%, effective at 16:00 Beijing Time on July 10, 2026.
11 minutes ago
Aqua Labs signed a strategic investment agreement with PayTheFly at its headquarters in Abu Dhabi’s ADGM, to jointly advance the construction of global stablecoin payment infrastructure.
On July 8, at the Stablecoin & Digital Asset Innovation Forum 2026 held at ADGM Academy in Abu Dhabi, Aqua Labs officially signed a strategic investment agreement with PayTheFly, announcing their joint push to build a global stablecoin payment infrastructure. PayTheFly, the forum’s exclusive organizer, drew hundreds of attendees including Abu Dhabi’s regulatory body ADGM, relevant UAE government departments, Visa, major banks, Web3 firms, global stablecoin industry leaders, and global payment industry executives, who gathered to discuss the development of stablecoins, digital assets, and global payment infrastructure. As a globally recognized on-chain stablecoin payment protocol, PayTheFly aims to build a new-generation global stablecoin payment infrastructure, offering enterprises secure, efficient, low-cost self-custody acquiring solutions. It is also a core strategic partner of Changer.ae, a licensed compliant institution in the UAE. The pair is collaborating to drive the compliant large-scale adoption of stablecoins in the UAE’s real estate, auto sales, offline retail, and on-chain cross-border settlement sectors. This strategic investment not only reflects Aqua Labs’ high recognition of PayTheFly’s technical strength and growth prospects, but will also accelerate PayTheFly’s strategic layout in the Middle East and global markets, as the two partners work together to advance stablecoin payment infrastructure construction and ecosystem development.
11 minutes ago
Binance Stocks will open limit order trading for SK Hynix ADR stocks today.
According to an official announcement, Binance will allow users to place regular limit orders for whole shares of SK hynix Inc. ADR via pre-issuance trading using the temporary code SKHYV, starting at 17:05 (UTC+8) on July 10, 2026. Each SK hynix ADR represents one-tenth (1/10) of a common share of SK Hynix Inc. listed on the Korea Exchange, and holders are subject to standard ADR fees charged by the depositary bank. Pre-issuance trading for SKHYV will start at 17:05 (UTC+8) on July 10, 2026, and close at 04:00 (UTC+8) on July 11, 2026. The code is expected to change to SKHY at 21:30 (UTC+8) on July 13, 2026, when regular trading will commence. Based on Nasdaq’s historical performance, the stock is not expected to open during regular hours; the initial price discovery phase typically lasts several hours, and orders will be executed after the market officially opens. Only limit orders are supported, including Good-Till-Cancel (GTC) and day orders, while market orders are not allowed. Any unfilled SKHYV orders after the pre-issuance trading session ends will be invalid. Price limit rules apply to all National Market System (NMS) stocks. If the price exceeds the limit, trading will be suspended until Nasdaq lifts the suspension. Partner brokers may impose net buy limits or caps. Full securities lending for SKHY will take effect after trade settlement (T+1 trading day). The above new stock trading is subject to user eligibility based on their country or region.
11 minutes ago
CASHCAT’s market capitalization briefly hit an all-time high, surging over 40% intraday.
According to GMGN market data, Robinhood Chain meme coin CASHCAT briefly hit a new all-time high in market capitalization, currently trading at $152 million with an intraday increase of over 40%. Meme coins are highly volatile, so investors should be mindful of associated risks.
Michael Saylor: Concerns over Bitcoin block space shortage are gradually easing, while global transfers still maintain low fees.
MicroStrategy founder Michael Saylor published an article noting that after a decade of concerns over insufficient block space and controversies surrounding non-monetary use cases, Bitcoin still has no so-called "spam transaction problem." Currently, Bitcoin network fees stand at approximately 1 sat/vB, enabling anyone to quickly transfer any amount of Bitcoin globally for roughly $0.3. Free market mechanisms have been consistently resolving the challenges facing Bitcoin's block space.
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Sources: Iran will close the Strait of Hormuz if the US launches an attack.
According to CCTV News, sources from Iran’s security department stated that if the U.S. launches any attack on Iran, Iran will close the Strait of Hormuz and retaliate against enemy targets with a response at least twice the scale of the strike it receives. U.S. President Donald Trump said on the 8th while attending the NATO summit in Turkey that he is very unhappy with Iran, the U.S. military “could strike Iran hard again tonight” and may also reimpose a naval blockade on Iran.
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BNP Paribas: Merger between Tesla and SpaceX is far from imminent
BNP Paribas analysts have expressed doubt over the recent possibility of a merger between Tesla and SpaceX. "The massive cash burn and significant regulatory risks of both companies complicate a potential merger between SpaceX and Tesla," they stated. The investor sentiment for Tesla, which has improved amid merger speculation, may be overly optimistic, and the analysts maintained their "underperform" rating and $280 target price for the firm. "We are concerned that Tesla will face daunting KPIs in its robotaxi and Optimus businesses over the next two years, which will pose downside risks to its core operations before any SpaceX merger is actually realized."
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Trump: Will See If He Can Continue Keeping Oil Prices Low, Notes That Oil Prices Should Remain Low
US President Trump said, "We will see if we can continue to push oil prices lower. We should maintain low oil prices."
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Senior Iranian official: We have unused options at our disposal, including blocking the Strait of Mandeb.
According to Iranian media outlet Fars News, Rezaei, spokesperson for Iran's Parliamentary National Security Commission, stated: "In future confrontations, the enemy will face a comprehensive and sudden strike from Iran. Iran has numerous options that have not been deployed during the 40-day war, including withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), revising its 'nuclear strategic doctrine', and blocking the Bab el-Mandeb Strait outside the Strait of Hormuz. The proposal to withdraw from the NPT is already pending review in parliament; should Iran face an existential threat, revising the 'nuclear strategic doctrine' can also be put on the agenda."
Whale transaction counts on Lighter and Mantle have jumped to levels not seen since early 2026, right as broader altcoin turbulence returns to the market. According to the Santiment update, LIT just recorded 86 transactions above $100,000 in a single day while MNT hit 37 large-size moves. Both figures mark the highest whale activity in six months for each network. The timing is hard to ignore. Altcoin volatility has picked up, and large wallets appear to be positioning ahead of retail that is still sorting through market noise.
The LIT spike sits at the intersection of a few narratives that have been slowly building. Lighter is a perpetual DEX, and recent chatter around buyback and burn mechanics, staking yield adjustments, and fresh partnership speculation has given whales a reason to move. Perp DEX volumes across chains have been uneven lately, but on-chain large transaction data often leads retail interest by a few days. When whales move first, the question is whether they are accumulating ahead of a catalyst or rotating out of a position that retail hasn’t yet priced in.
For Mantle, the whale signal looks tied to a different playbook. The network has been pushing deeper into real-world asset tokenization and tokenized equities. That space has seen a flurry of activity recently, with real-world asset tokenization already crossing $20 billion on-chain. Mantle’s expansion around tokenized stocks and pre-IPO vaults gives large wallets an exposure path that is still relatively undercovered. The 37 transactions over $100K suggests that serious capital is starting to treat MNT as more than just another Layer 2 token.
Why the whale timing matters now Whale activity spikes rarely happen in isolation. They often cluster around periods when altcoin volatility is rising, partly because large holders can generate more impact with less slippage during choppy conditions. Right now, broad altcoin volatility has driven sharp gains for select tokens, and that environment tends to awaken capital that had been sitting on the sidelines. Neither LIT nor MNT has seen a headline-grabbing price explosion yet, but large wallet behavior suggests that some actors are front-running the narrative rather than chasing it.
What remains uncertain The on-chain signal is strong, but it leaves several questions unresolved. High whale transaction counts do not reveal whether the flows are net buying or selling. They only confirm that large entities are active. It is possible that some whales are distributing into liquidity while new buyers step in, making the net effect opaque until price action confirms one direction. Additionally, the spike in LIT transactions could be tied to a single coordinated event—like a protocol announcement or a large liquidity provision—rather than broad accumulation. For MNT, the RWA narrative is still developing, and whale attention may be premature if tokenized equity adoption takes longer than expected. Traders watching these two assets will need to pair the Santiment whale data with exchange flow data and holder concentration trends to get a fuller picture. For now, the data shows that large wallets are paying attention. Whether that translates into sustained price moves depends on how the underlying narratives play out in the coming weeks.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Not every altcoin move shows up in price charts first. Sometimes the earliest signal comes from wallet behavior, and the latest on-chain snapshot from Santiment points to a notable uptick in whale conviction across two contrasting network plays: Lighter and Mantle. While the broader market sorts through altcoin volatility, large wallets are getting louder on both $LIT and $MNT.
According to the on-chain update, Lighter recorded 86 transactions valued above $100,000—the highest in six months. Mantle registered 37 such moves over the same threshold, also a half-year peak. The data arrives at a moment when retail attention is distracted by noise, making the divergence in whale positioning worth a closer look.
Perp DEX Demand Meets Buyback Economics Lighter’s whale spike doesn’t appear to be a single-wallet anomaly. The 86 transactions suggest multiple large players rotating into $LIT as interest in perpetual DEX infrastructure intensifies. The token draws from a combination of mechanism upgrades that include buyback-and-burn dynamics, staking yield, and a renewed discussion around tokenomics. When perp DEX volumes grow across chains, the projects that settle trades and capture fees become the kind of infrastructure whales watch closely.
Trading volumes have fanned out across layer-2 venues and alternative settlement layers in recent months. That has pulled attention toward chains and protocols that can grab even a small slice of the perp pie. Lighter’s positioning here is built around being lightweight and settlement-focused, and the timing of whale interest hints that some participants expect volume flows to tilt in its direction. Whether this translates into sustained on-chain activity or a short-term repositioning remains unclear, but six-month highs in large transactions rarely appear without a reason.
Mantle and the Real-World Asset Overlay Mantle’s whale signal is different in texture. It leans heavily on the network’s expanding real-world asset layer. With tokenized equities, pre-IPO vaults, and a broader push into bringing regulated instruments on-chain, RWA tokenization has crossed $20 billion on-chain in recent weeks, and Mantle has been building infrastructure that aims to capture some of that flow. The 37 transactions over $100K suggest whales are reading the RWA roadmap as something that could shift network utility beyond generic layer-2 competition.
What makes the Mantle signal interesting is that it arrives when altcoin rotation patterns remain uneven. Large wallet activity here implies that some allocators are treating $MNT less as a short-term volatility bet and more as exposure to the tokenization trend. The risk, as always, is that regulatory clarity on tokenized stocks and pre-IPO products remains patchy. Any delay or enforcement action could cool speculative interest fast, but for now the wallet data shows positioning, not exiting.
What the Signals Leave Unanswered Both Lighter and Mantle are seeing whale-level engagement at a time when recent altcoin breakouts have shifted trader attention across a range of tokens. High transaction counts over $100K usually indicate deliberate accumulation or large-scale redistribution, not bot activity. But the data can’t distinguish between new entrants and existing holders reshuffling positions. If these spikes are front-running upcoming catalysts, the follow-through will matter more than the initial signal.
What the Santiment observation does well is show where large wallets are active while retail remains hesitant. For traders watching on-chain flow rather than price gossip, the spread between whale behavior on LIT and MNT is a reminder that market structure narratives—perpetual swaps and real-world assets—are still drawing serious capital. The next data refresh will reveal whether these spikes mark the beginning of a larger trend or a temporary reallocation ahead of macro decisions.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
Large-wallet activity on @Lighter_xyz and @Mantle_Official just hit its highest level in six months, according to on-chain analytics firm @SantimentData. Lighter recorded 86 transactions worth more than $100,000, while Mantle registered 37 such transactions, marking the highest daily whale activity for both tokens in the past six months.
Although whale transaction metrics do not distinguish between buying and selling, they are widely viewed as indicators of heightened activity by large holders, and such spikes often coincide with periods when institutional investors or high-net-worth wallets reposition their portfolios ahead of significant market moves.
$LIT catches a Robinhood catalyst The surge in $LIT whale activity follows a major product integration. @RobinhoodApp Wallet now offers in-app perpetual futures trading, with the engine underneath being @Lighter_xyz, the rising zk-powered perps exchange atop Ethereum. Robinhood Chain, a Layer 2 built using Arbitrum's tech stack, went live on public mainnet on July 1, with the Lighter perps integration arriving alongside it. Lighter has committed $11 million of its native $LIT tokens to the Robinhood community as part of the deal, and eligible users earn points on perpetual futures trades on Lighter, converting directly into $LIT, with no fees on perpetuals accessed through Lighter for the first 90 days.
$LIT surged 24% as Robinhood Wallet added Lighter's perpetual futures trading. The token has since climbed further to trade near $2.70, a fresh high. As an exchange based in America with its token issued out of a Delaware C-corp, Lighter has a cleaner path into regulatory approval than offshore-first competitors, adding to the longer-term investment case behind the whale positioning.
$MNT whales accumulate but price stays stuck The picture for @Mantle_Official is more mixed. Whale transaction counts matched the six-month high, yet the price response has been muted. Mantle remains in a broader downtrend, with $MNT trading near $0.43 after failing to reclaim the key $0.57 resistance, and while the RSI has recovered from oversold conditions, momentum remains weak and buyers have yet to confirm a trend reversal.
For $MNT to validate the recent whale activity, the token must first reclaim $0.57, which could pave the way toward $0.94 and eventually $1.08. Mantle continues to benefit from its expanding Layer 2 ecosystem and one of the largest community-controlled treasuries in the crypto market, and ongoing ecosystem development, DeFi incentives, and long-term infrastructure growth may be encouraging whales to accumulate positions while prices remain significantly below previous highs.
For now, the divergence is stark. Lighter has a clear narrative driving price alongside the whale flows. Mantle has the accumulation signal but is still waiting for a price catalyst to match it.
Sources
CoinPedia: Crypto Whales Accumulating Lighter and Mantle
The Block: Robinhood Chain Goes Live with Lighter Perps
Robinhood Newsroom: Robinhood Chain Mainnet Launch
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.
While Bitcoin and the altcoin market in general continue to trade with high volatility, some on-chain data suggests that cryptocurrency whales are quietly accumulating.
At this point, the cryptocurrency analysis platform Santiment noted an explosion in whale activity in two altcoins.
According to Santiment, the altcoins Lighter (LIT) and Mantle (MNT) have seen their highest whale transactions exceeding $100,000 in the last six months. This indicates that large investors are becoming increasingly active despite the uncertain market environment.
According to the data, LIT is giving a strong signal with 86 trades above $100,000, while Mantle is showing a strong signal with 37 trades above $100,000.
Santiment notes that the increase in whale activity in LIT is “likely driven by renewed interest related to the persistent DEX narrative, token economics updates, buyback and burn mechanisms, staking yield, and recent partnership rumors.”
The increase in Mantle is said to stem from its expansion around tokenized shares, pre-IPO vaults, and deeper ecosystem usage.
Historically, increases in large investor activity have often preceded periods of high volatility or trend reversals, but large investor transactions, such as those by whales, do not alone guarantee a sustainable uptrend.
*This is not investment advice.
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Lighter [LIT] was one of the standout bullish performers in recent hours of trading. According to CoinMarketCap data, the DEX platform token has rallied by 9.48% in the past 24 hours and 54.95% in the past week.
Source: Coinalyze Its Open Interest was up by 8.32%, keeping pace with the price gains of the previous 24 hours. Moreover, the predominantly negative funding rate has flipped positively, as LIT prices climbed past the $2.20-$2.30 local supply zone.
The swift gains came on the back of the decentralized trading platform’s Q2 Investor Update Call. Among the major announcements in this call were that 100% of the protocol revenue goes toward token buybacks, with 6 million LIT bought back in Q2. Token burns are also in the plans.
The platform costs were reduced, RWAs were growing, new order types were live, and more trading tools were on the way. The team was also working with the CFTC towards becoming a regulated exchange.
These announcements have likely given the altcoin the impetus to climb higher, but the move has been in the making for a few weeks now.
Examining the Lighter price structure Source: LIT/USDT on TradingView The 1-day chart showed a bullish structural shift in May, when the $1.32 local high was breached. Following this break, the trading volume began to expand as the prices climbed higher.
The RSI on this timeframe has been above neutral 50 for the entirety of the uptrend, showing steady upward momentum. It was at 79.7 at the time of writing, within the overbought area.
The OBV was also trending higher since May, showing steady buying pressure on the altcoin.
Traders’ call to action- Buy Source: LIT/USDT on TradingView There is potential for a pullback toward $2, and possibly as deep as $1.75, that swing traders and investors can consider as an ideal buying opportunity.
However, given the current momentum, such a pullback may not materialize. The current momentum might carry LIT higher without a sizeable pullback.
The bullish idea would begin to crack if LIT prices slip below $2.0 and $1.75, and the 4-hour bullish bias would shift bearishly upon a session close below the $1.47 swing low.
Final Summary Lighter rallied strongly after the Q2 Investor Call update that had platform-specific updates, staking updates, and buyback plans. The price action was firmly bullish, and a deep correction below the psychological $2 level did not appear likely.
Bitcoin ETFs recorded a net inflow of $265.7 million yesterday, marking the second consecutive day of net inflows exceeding $200 million.
According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $265.7 million yesterday, with IBIT alone attracting $209.4 million. Additionally, Ethereum ETFs posted a net inflow of $20.7 million, among which ETHA recorded a net inflow of $23.3 million. Analysts noted that the cooling of the U.S. stock market’s AI boom may have led some funds exiting the sector to partially replenish oversold crypto ETFs.
3 minutes ago
Morgan Stanley: AI chip sector cools, cloud giants may see rotation.
Morgan Stanley strategist Mike Wilson’s team says the semiconductor stock pullback of recent weeks may not be complete yet, and could bring a more volatile trading environment to the broader U.S. stock market. The bank points out that rotation is occurring within AI-related trades: earlier, chip stocks significantly outperformed, while hyperscalers including Microsoft, Amazon, Alphabet, and Meta lagged behind. Wilson’s team notes this divergence is unlikely to persist, as semiconductor firms’ growth ultimately depends on cloud giants’ capital expenditures. Morgan Stanley adds that valuation and position pressure on cloud giants have already been priced in; if the market starts rewarding more restrained AI spending, this sector could see renewed capital inflows. The bank also favors consumer discretionary and biotech, stating that falling oil prices and declining interest rate expectations may improve the risk-reward profile of these sectors.
3 minutes ago
SpaceX was officially added to the Nasdaq 100 today, and the boost to its share price from short-term passive funds may fall short of expectations.
On Tuesday, SpaceX will officially be added to the Nasdaq 100 Index. The adjustment is expected to trigger passive buying by mutual funds and exchange-traded funds (ETFs) that track the index, providing some support to its share price. JPMorgan calculates that, based on three times its current $75 billion market capitalization, SpaceX will hold a roughly 1.3% weighting in the index, ranking around 21st among its constituents, lower than companies including NVIDIA (NVDA.O), Walmart (WMT.N), Intel (INTC.O), and Tesla (TSLA.O). However, given its relatively limited weighting, analysts generally believe that the boost from passive funds to its share price in the short term may fall short of some market expectations.
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Ondo will launch stock perpetual contracts today, supporting up to 20x leverage.
Ondo Perps tweeted that it will launch stock perpetual contracts today (Beijing Time), supporting up to 20x leverage.
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Zhipu: Media Reports Claiming It Withdrew A-Share Guidance Filing Are Unfounded
Zhipu issued an announcement in Hong Kong stating: "The company has noted media reports claiming that it has withdrawn the counseling filing for its proposed A-share initial public offering. The company hereby informs shareholders and potential investors that these reports are untrue, the described events do not align with reality, and there is suspicion of malicious hype." According to the official website of the China Securities Regulatory Commission (CSRC), the counseling work related to the proposed A-share offering has been completed.
3 minutes ago
Yilihua: Bitcoin must strongly break through $68,000 to confirm a reversal; if it fails to do so, it will probe for a bottom again.
Liquid Capital (formerly LD Capital) founder Yilihua stated, "Bitcoin remains in a weekly downtrend. Only a strong breakout above $68,000 will spark a meaningful reversal; failing that, it will retest the bottom, and we hope it avoids the worst-case scenario of dropping below $47,000." "In any event, we are fully preparing to buy the dip in the coming months—be greedy when others are fearful. Beyond major cryptocurrencies, we are also scouting for the next bull run’s 100x coin. During the last cycle, our dip investment in Render rallied nearly 180 times at its peak. While most tokens are junk, a tiny subset holds massive opportunities: first, they have fallen over 95% from their highs; second, the founding team is competent, aligned with trends and core needs like AI; ideally, they have solid finances, preferably profitable. Projects meeting these criteria can be recommended."
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.
LIT solidifies its position in the top 100 alts after a major surge today.
Bitcoin’s price jumped to $64,000 earlier today for the first time in roughly two weeks, but it was rejected there and now sits over a grand lower.
Most larger-cap alts have remained relatively stagnant on a daily scale. Pi Network’s PI token continues to flirt with its all-time low levels and is very close to charting a fresh one.
BTC Progress Stopped at $64K June was quite brutal for the primary cryptocurrency, which only continued its losses that began from the mid-May rejection at $83,000. The sixth month of the year ended with a substantial 20% decline, making it the worst in exactly four years.
July began with another dip that pushed the asset to under $58,000 for the first time since October 2024. However, the bulls finally reemerged at this point and helped BTC recover some ground in the following days.
The actual rebound attempt was quite gradual and appeared healthy. Bitcoin quickly climbed past $60,000 and kept increasing swiftly in the following days, including during the weekend. The culmination, at least for now, took place earlier this morning when it tapped $64,000 to chart a two-week peak.
However, it was halted there and now sits below $63,000 after losing well over a grand. Its market cap is inches below $1.260 trillion on CG, while its dominance over the alts remains above 56%.
BTCUSD July 6. Source: TradingView Another ATL Coming for PI? The stagnation within the larger-cap altcoins continues as most have failed to post any significant moves in either direction. ETH, BNB, SOL, XRP, and TRX are up by up to 1%, while ZEC and ADA are down by 2%. HYPE and XLM have gained the most – 2.5% and 3.6%, respectively – while RAIN has dropped by 3%.
DEXE and LIT are the top gainers from the mid- and lower-cap alts. Both have risen by double digits, and the latter has solidified its spot in the top 100 alts by market cap.
In contrast, Pi Network’s native token continues to underperform and now sits just 1% away from its all-time low marked in late June. The token has consistently lost value and is well below $0.115 as of press time.
Cryptocurrency Market Overview July 6. Source: QuantifyCrypto
Bitcoin is trading at $62,800, recovering from a July 1 dip below $58,000 that raised concerns of a slide toward $50,000.Both bitcoin and ether have dropped since midnight UTC, diverging from Nasdaq 100 and S&P 500 futures, which rose after the long weekend.Lighter (LIT) is emerging as a focal point for traders seeking the next hyperliquid, rising 13.5% in 24 hours and more than 50% in a week as its decentralized derivatives exchange accumulates $40 billion in 30-day trading volume.CoinMarketCap's Altcoin Season indicator climbed to 52/100, its highest in three months.Bitcoin BTC$63,604.61 is trading at $62,800 on Monday, a notable turnaround from July 1 when it dipped below $58,000 to its lowest level since September 2024 and raised concerns of a slide toward $50,000.
Ether (ETH) staged a similar recovery, trading at $1,760 after bottoming out around $1,550 last week. The two largest cryptocurrencies spiked higher at Sunday's futures open, but have given back around 1% of those gains since midnight UTC.
The pullback represents a divergence from traditional markets, where Nasdaq 100 and S&P 500 index futures are trading up 1% and 0.5%, respectively, following the long weekend.
The altcoin market is split. Lighter (LIT) continues to impress, now up more than 50% over the past week, while MORPHO$1.9006 and ADA$0.1833 are both nursing losses of around 4% in the past 24 hours.
Derivatives positioning The futures market is steady, with open interest in bitcoin BTC$63,604.61, ether (ETH), solana (SOL) and XRP (XRP) largely unchanged over the past 24 hours, likely due to the extended U.S. weekend. Open interest in LTC$45.17 has jumped to 7.14 million tokens, the most since May 12. It is unclear whether the capital inflow is bullish or bearish. Key indicators are sending mixed signals: Positive funding rates point to bullish sentiment, yet the 24-hour cumulative volume delta (CVD) has turned negative, indicating sellers have been more aggressive by hitting market orders rather than posting passive limit orders.Open interest in Lighter DEX’s LIT token is also rising, reaching one-month highs as the bullish tokenomics overhaul supports its price.Bitcoin's and ether’s 30-day implied volatility indices, BVIV and EVIV, remain under pressure after double-digit weekly declines, reflecting continued supply of options. This points to expectations of calmer market conditions, which often accompany price upswings.Still, on Deribit, BTC and ETH puts continue to trade at a premium to calls, signaling persistent downside concerns — although the gap has narrowed since early last month.Volumes show no clear bias, as BTC’s $60K put and $70K call rank among the most traded strikes over the past 24 hours.Token talkLighter's (LIT) barnstorming rally of late continued on Monday, adding 5% since midnight UTC and taking its 24-hour gain to 13.5%, building on momentum as traders look for the next hyperliquid (HYPE).LIT is the native token of its namesake decentralized derivatives exchange, which has racked up $40 billion in trading volume over the past 30 days, according to DefiLlama.It was also a strong start to the week for PYTH, up by 6% since midnight UTC as traders rotate bitcoin gains into more speculative altcoin bets.CoinMarketCap's Altcoin Season indicator ticked up to 52/100 on Monday, the highest level in the past three months, suggesting optimism is returning to the altcoin sector.However, that indicator is lagging as a result of poor performance from a portion of the market including JITO, BEAT and STABLE, each having lost between 5% and 13% over the past week with further losses on Monday.Related Assets
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
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.
Ripple secures official MiCA CASP license from the EU, enabling it to offer crypto services across 30 European Economic Area (EEA) countries.
Digital asset infrastructure firm Ripple announced it has obtained a Cryptocurrency Asset Service Provider (CASP) license from Luxembourg’s financial regulator (CSSF), completing its regulatory authorization under the EU’s Markets in Crypto-Assets (MiCA) framework, enabling it to offer crypto asset services across all 30 European Economic Area (EEA) countries. This formal authorization follows Ripple’s receipt of a principle approval in June this year, signifying that its compliant crypto payment products for financial institutions, enterprises, and commercial clients are now available across the entire EEA. Cassie Craddock, Ripple’s Managing Director for UK and Europe, stated that the CASP license means the firm is fully compliant with MiCA requirements and ready to expand its European operations in the post-transition period. The CASP license also supplements Ripple’s existing EU Electronic Money Institution (EMI) license. To date, Ripple holds over 75 regulatory licenses globally, and obtained crypto asset registration from the UK’s Financial Conduct Authority (FCA) in January this year. MiCA’s final transition period ended on July 1, with the EU officially replacing member states’ individual crypto licensing regimes with a unified regulatory framework. According to data released by the European Securities and Markets Authority (ESMA) on July 3, 280 institutions have obtained CASP authorization so far. Ripple becomes another major crypto firm to receive formal MiCA authorization, following Kraken, Coinbase, OKX, and Crypto.com. In contrast, Binance, the world’s largest crypto exchange, withdrew its Greek license application before the July 1 deadline and has not yet obtained MiCA authorization.
7 minutes ago
The case for a SpaceX-Tesla merger has strengthened, with the timing of the combination emerging as the central topic of discussion.
A decade ago, Elon Musk viewed SpaceX and Tesla as "weakly linked" and deemed there was insufficient justification for a merger. Today, market discussions have shifted from "whether a merger will happen" to "when it will occur", with long-term investors seeing a merger as a foregone conclusion. While Musk has not publicly confirmed the move, he has frequently referenced "integration" between his business units, and SpaceX has hinted in regulatory filings at a potential large stock issuance, fueling merger speculation. Both companies have pivoted to AI in recent years: Tesla is betting on autonomous driving and humanoid robots, while SpaceX acquired xAI and plans to deploy space-based data centers, with AI projected to become SpaceX’s largest revenue source starting this year. The business ties between the two have strengthened significantly: SpaceX has disclosed purchasing batteries and Cybertrucks from Tesla, and Tesla holds indirect equity in SpaceX via its xAI acquisition. Despite Musk dismissing the merger logic a decade ago, in 2025 he acknowledged synergies between the three entities in the field of solar-powered AI satellites—a key technology he views as critical for "obtaining massive solar energy".
7 minutes ago
Bitcoin address dormant for nearly 15 years shows unusual activity, tied to New York lawsuit over ownership of "sleeping bitcoins"
A Bitcoin address dormant for nearly 15 years recently processed its first transfer, sending 30 BTC worth approximately $1.88 million at current prices. Galaxy Research on-chain data shows the address, labeled "1KV47," had not moved any funds since receiving 30 BTC in August 2011, until it sent funds externally for the first time last Saturday local time. This address is one of 39,069 dormant Bitcoin addresses involved in a New York lawsuit. Plaintiff "Noah Doe" and two Wyoming-registered companies are seeking to claim ownership of Bitcoin in these long-inactive addresses under New York State’s abandoned property law. Sani, founder of analytics platform Timechain Index, noted this group of addresses holds roughly 3.7 million BTC, valued at around $234 billion, including an address widely believed to belong to Bitcoin’s creator Satoshi Nakamoto. Alex Thorn, head of research at Galaxy Digital, said activity in dormant addresses linked to the lawsuit has risen sharply recently: 31 addresses transferred 17,527 BTC in June, compared to just 5 addresses moving 4,834 BTC in February this year. However, the legal community generally views the lawsuit as having weak grounds. Last Friday local time, a defendant identifying as "John Doe 33" who claims control over one of the addresses filed a motion to dismiss the suit, arguing Bitcoin addresses are merely data strings and not entities that can be sued. Edwin Mata, CEO and lawyer at tokenization platform Brickken, stated that an address’s long inactivity alone does not prove asset abandonment. Under property law, establishing abandonment typically requires proof that the owner explicitly intended to relinquish their property rights; dormant addresses may stem from long-term cold storage, lost private keys, or holders choosing to hold assets long-term, so they do not sufficiently support the plaintiffs’ claims.
7 minutes ago
This Week’s Crypto Market Preview: Fed Meeting Minutes Set for Release, SpaceX to Be Added to Nasdaq 100 Index
This week, the crypto market will focus on Federal Reserve meeting minutes, U.S. economic data, and several crypto industry events; macro conditions and on-chain dynamics may jointly influence digital asset trends. On the macro front, the Federal Reserve will release the minutes of its June FOMC meeting in the early hours of July 9 (Beijing time), and markets hope to use this to gauge the future interest rate path. Additionally, the U.S. ISM Services PMI, consumer inflation expectations, initial jobless claims, and China’s June CPI data will be released sequentially. On the industry side, SpaceX will officially be added to the Nasdaq 100 Index on July 7, becoming the fourth index constituent to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from passive allocation demand from index funds. In addition, U.S. crypto miner American Bitcoin (ABTC) will resume trading after completing a 1-for-15 reverse stock split to avoid delisting by Nasdaq; Berachain will complete its PoL Next upgrade on July 7. In terms of on-chain governance, DAOs including ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will wrap up voting on multiple governance proposals this week. For token unlocks: Hyperliquid (HYPE) will unlock tokens equivalent to 0.2% of its circulating supply on July 6, worth approximately $30.39 million; RAIN will unlock ~7.64% of its circulating supply on July 11, valued at ~$787 million; PUMP will unlock ~29.12% of its circulating supply on July 12, worth ~$130 million. Beyond macro data, developments in the Russia-Ukraine conflict and the continued weakening of the Japanese yen also merit attention. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, with yen depreciation often accompanying Bitcoin price rallies.
7 minutes ago
Morgan Stanley warns that US equities may struggle to hit new highs, as investors are rotating out of tech stocks.
Morgan Stanley strategists believe U.S. equities face headwinds in hitting new all-time highs as investors rotate out of this year’s top-performing tech stocks and into other sectors. This rotation could erode the market leadership pattern previously dominated by AI and mega-cap tech stocks. The firm’s analysis notes that most positive economic and earnings news has already been priced in, leaving index performance stagnant, and truly upside surprises will be needed to drive further gains. Markets are eager for concrete proof that massive AI capital expenditures can translate into sustained returns, rather than just growing spending figures, and this uncertainty is pushing more capital to shift from mega-cap tech to broader equities. Morgan Stanley advises investors to prioritize earnings realizability and quality, take partial profits in small-cap stocks, and expand allocations to AI beneficiaries in select sectors. Earlier research from the bank also showed that while large-cap tech posted strong Q3 results, their stock gains have lagged significantly, dragging valuations lower—a stark contrast to industrials and cyclical sectors that have rallied on rate-cut expectations, further confirming a shift in market capital flows.
7 minutes ago
The Cyberspace Administration of China (CAC) has rolled out the first phase of its special campaign "Cyber Clean: Rectifying Chaos in AI Applications".
The "Clean Net: Special Operation to Rectify AI Application Disorders" launched in April 2026, the Cyberspace Administration of China (CAC) has targeted AI application irregularities including failure to fulfill mandatory large model filing obligations, insufficient AI platform security and content moderation capabilities, AI data poisoning, and inadequate implementation of synthetic content labeling. The CAC has instructed local cyberspace authorities to advance key rectification tasks in the first phase, and opened a "Reporting Zone for AI Application Disorders" to accept public reports. Thanks to joint efforts from all parties, the first phase has disposed over 14,000 AI products including illegal websites, applications, and intelligent agents, cleared more than 6 million illegal and harmful pieces of information, handled over 26,000 accounts, removed over 1,300 illegal AI goods and 9 illegal open-source datasets, with all work achieving positive progress.
Ripple secures official MiCA CASP license from the EU, enabling it to offer crypto services across 30 European Economic Area (EEA) countries.
Digital asset infrastructure firm Ripple announced it has obtained a Cryptocurrency Asset Service Provider (CASP) license from Luxembourg’s financial regulator (CSSF), completing its regulatory authorization under the EU’s Markets in Crypto-Assets (MiCA) framework, enabling it to offer crypto asset services across all 30 European Economic Area (EEA) countries. This formal authorization follows Ripple’s receipt of a principle approval in June this year, signifying that its compliant crypto payment products for financial institutions, enterprises, and commercial clients are now available across the entire EEA. Cassie Craddock, Ripple’s Managing Director for UK and Europe, stated that the CASP license means the firm is fully compliant with MiCA requirements and ready to expand its European operations in the post-transition period. The CASP license also supplements Ripple’s existing EU Electronic Money Institution (EMI) license. To date, Ripple holds over 75 regulatory licenses globally, and obtained crypto asset registration from the UK’s Financial Conduct Authority (FCA) in January this year. MiCA’s final transition period ended on July 1, with the EU officially replacing member states’ individual crypto licensing regimes with a unified regulatory framework. According to data released by the European Securities and Markets Authority (ESMA) on July 3, 280 institutions have obtained CASP authorization so far. Ripple becomes another major crypto firm to receive formal MiCA authorization, following Kraken, Coinbase, OKX, and Crypto.com. In contrast, Binance, the world’s largest crypto exchange, withdrew its Greek license application before the July 1 deadline and has not yet obtained MiCA authorization.
7 minutes ago
The case for a SpaceX-Tesla merger has strengthened, with the timing of the combination emerging as the central topic of discussion.
A decade ago, Elon Musk viewed SpaceX and Tesla as "weakly linked" and deemed there was insufficient justification for a merger. Today, market discussions have shifted from "whether a merger will happen" to "when it will occur", with long-term investors seeing a merger as a foregone conclusion. While Musk has not publicly confirmed the move, he has frequently referenced "integration" between his business units, and SpaceX has hinted in regulatory filings at a potential large stock issuance, fueling merger speculation. Both companies have pivoted to AI in recent years: Tesla is betting on autonomous driving and humanoid robots, while SpaceX acquired xAI and plans to deploy space-based data centers, with AI projected to become SpaceX’s largest revenue source starting this year. The business ties between the two have strengthened significantly: SpaceX has disclosed purchasing batteries and Cybertrucks from Tesla, and Tesla holds indirect equity in SpaceX via its xAI acquisition. Despite Musk dismissing the merger logic a decade ago, in 2025 he acknowledged synergies between the three entities in the field of solar-powered AI satellites—a key technology he views as critical for "obtaining massive solar energy".
7 minutes ago
Bitcoin address dormant for nearly 15 years shows unusual activity, tied to New York lawsuit over ownership of "sleeping bitcoins"
A Bitcoin address dormant for nearly 15 years recently processed its first transfer, sending 30 BTC worth approximately $1.88 million at current prices. Galaxy Research on-chain data shows the address, labeled "1KV47," had not moved any funds since receiving 30 BTC in August 2011, until it sent funds externally for the first time last Saturday local time. This address is one of 39,069 dormant Bitcoin addresses involved in a New York lawsuit. Plaintiff "Noah Doe" and two Wyoming-registered companies are seeking to claim ownership of Bitcoin in these long-inactive addresses under New York State’s abandoned property law. Sani, founder of analytics platform Timechain Index, noted this group of addresses holds roughly 3.7 million BTC, valued at around $234 billion, including an address widely believed to belong to Bitcoin’s creator Satoshi Nakamoto. Alex Thorn, head of research at Galaxy Digital, said activity in dormant addresses linked to the lawsuit has risen sharply recently: 31 addresses transferred 17,527 BTC in June, compared to just 5 addresses moving 4,834 BTC in February this year. However, the legal community generally views the lawsuit as having weak grounds. Last Friday local time, a defendant identifying as "John Doe 33" who claims control over one of the addresses filed a motion to dismiss the suit, arguing Bitcoin addresses are merely data strings and not entities that can be sued. Edwin Mata, CEO and lawyer at tokenization platform Brickken, stated that an address’s long inactivity alone does not prove asset abandonment. Under property law, establishing abandonment typically requires proof that the owner explicitly intended to relinquish their property rights; dormant addresses may stem from long-term cold storage, lost private keys, or holders choosing to hold assets long-term, so they do not sufficiently support the plaintiffs’ claims.
7 minutes ago
This Week’s Crypto Market Preview: Fed Meeting Minutes Set for Release, SpaceX to Be Added to Nasdaq 100 Index
This week, the crypto market will focus on Federal Reserve meeting minutes, U.S. economic data, and several crypto industry events; macro conditions and on-chain dynamics may jointly influence digital asset trends. On the macro front, the Federal Reserve will release the minutes of its June FOMC meeting in the early hours of July 9 (Beijing time), and markets hope to use this to gauge the future interest rate path. Additionally, the U.S. ISM Services PMI, consumer inflation expectations, initial jobless claims, and China’s June CPI data will be released sequentially. On the industry side, SpaceX will officially be added to the Nasdaq 100 Index on July 7, becoming the fourth index constituent to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from passive allocation demand from index funds. In addition, U.S. crypto miner American Bitcoin (ABTC) will resume trading after completing a 1-for-15 reverse stock split to avoid delisting by Nasdaq; Berachain will complete its PoL Next upgrade on July 7. In terms of on-chain governance, DAOs including ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will wrap up voting on multiple governance proposals this week. For token unlocks: Hyperliquid (HYPE) will unlock tokens equivalent to 0.2% of its circulating supply on July 6, worth approximately $30.39 million; RAIN will unlock ~7.64% of its circulating supply on July 11, valued at ~$787 million; PUMP will unlock ~29.12% of its circulating supply on July 12, worth ~$130 million. Beyond macro data, developments in the Russia-Ukraine conflict and the continued weakening of the Japanese yen also merit attention. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, with yen depreciation often accompanying Bitcoin price rallies.
7 minutes ago
Morgan Stanley warns that US equities may struggle to hit new highs, as investors are rotating out of tech stocks.
Morgan Stanley strategists believe U.S. equities face headwinds in hitting new all-time highs as investors rotate out of this year’s top-performing tech stocks and into other sectors. This rotation could erode the market leadership pattern previously dominated by AI and mega-cap tech stocks. The firm’s analysis notes that most positive economic and earnings news has already been priced in, leaving index performance stagnant, and truly upside surprises will be needed to drive further gains. Markets are eager for concrete proof that massive AI capital expenditures can translate into sustained returns, rather than just growing spending figures, and this uncertainty is pushing more capital to shift from mega-cap tech to broader equities. Morgan Stanley advises investors to prioritize earnings realizability and quality, take partial profits in small-cap stocks, and expand allocations to AI beneficiaries in select sectors. Earlier research from the bank also showed that while large-cap tech posted strong Q3 results, their stock gains have lagged significantly, dragging valuations lower—a stark contrast to industrials and cyclical sectors that have rallied on rate-cut expectations, further confirming a shift in market capital flows.
7 minutes ago
The Cyberspace Administration of China (CAC) has rolled out the first phase of its special campaign "Cyber Clean: Rectifying Chaos in AI Applications".
The "Clean Net: Special Operation to Rectify AI Application Disorders" launched in April 2026, the Cyberspace Administration of China (CAC) has targeted AI application irregularities including failure to fulfill mandatory large model filing obligations, insufficient AI platform security and content moderation capabilities, AI data poisoning, and inadequate implementation of synthetic content labeling. The CAC has instructed local cyberspace authorities to advance key rectification tasks in the first phase, and opened a "Reporting Zone for AI Application Disorders" to accept public reports. Thanks to joint efforts from all parties, the first phase has disposed over 14,000 AI products including illegal websites, applications, and intelligent agents, cleared more than 6 million illegal and harmful pieces of information, handled over 26,000 accounts, removed over 1,300 illegal AI goods and 9 illegal open-source datasets, with all work achieving positive progress.
Ripple secures official MiCA CASP license from the EU, enabling it to offer crypto services across 30 European Economic Area (EEA) countries.
Digital asset infrastructure firm Ripple announced it has obtained a Cryptocurrency Asset Service Provider (CASP) license from Luxembourg’s financial regulator (CSSF), completing its regulatory authorization under the EU’s Markets in Crypto-Assets (MiCA) framework, enabling it to offer crypto asset services across all 30 European Economic Area (EEA) countries. This formal authorization follows Ripple’s receipt of a principle approval in June this year, signifying that its compliant crypto payment products for financial institutions, enterprises, and commercial clients are now available across the entire EEA. Cassie Craddock, Ripple’s Managing Director for UK and Europe, stated that the CASP license means the firm is fully compliant with MiCA requirements and ready to expand its European operations in the post-transition period. The CASP license also supplements Ripple’s existing EU Electronic Money Institution (EMI) license. To date, Ripple holds over 75 regulatory licenses globally, and obtained crypto asset registration from the UK’s Financial Conduct Authority (FCA) in January this year. MiCA’s final transition period ended on July 1, with the EU officially replacing member states’ individual crypto licensing regimes with a unified regulatory framework. According to data released by the European Securities and Markets Authority (ESMA) on July 3, 280 institutions have obtained CASP authorization so far. Ripple becomes another major crypto firm to receive formal MiCA authorization, following Kraken, Coinbase, OKX, and Crypto.com. In contrast, Binance, the world’s largest crypto exchange, withdrew its Greek license application before the July 1 deadline and has not yet obtained MiCA authorization.
7 minutes ago
The case for a SpaceX-Tesla merger has strengthened, with the timing of the combination emerging as the central topic of discussion.
A decade ago, Elon Musk viewed SpaceX and Tesla as "weakly linked" and deemed there was insufficient justification for a merger. Today, market discussions have shifted from "whether a merger will happen" to "when it will occur", with long-term investors seeing a merger as a foregone conclusion. While Musk has not publicly confirmed the move, he has frequently referenced "integration" between his business units, and SpaceX has hinted in regulatory filings at a potential large stock issuance, fueling merger speculation. Both companies have pivoted to AI in recent years: Tesla is betting on autonomous driving and humanoid robots, while SpaceX acquired xAI and plans to deploy space-based data centers, with AI projected to become SpaceX’s largest revenue source starting this year. The business ties between the two have strengthened significantly: SpaceX has disclosed purchasing batteries and Cybertrucks from Tesla, and Tesla holds indirect equity in SpaceX via its xAI acquisition. Despite Musk dismissing the merger logic a decade ago, in 2025 he acknowledged synergies between the three entities in the field of solar-powered AI satellites—a key technology he views as critical for "obtaining massive solar energy".
7 minutes ago
Bitcoin address dormant for nearly 15 years shows unusual activity, tied to New York lawsuit over ownership of "sleeping bitcoins"
A Bitcoin address dormant for nearly 15 years recently processed its first transfer, sending 30 BTC worth approximately $1.88 million at current prices. Galaxy Research on-chain data shows the address, labeled "1KV47," had not moved any funds since receiving 30 BTC in August 2011, until it sent funds externally for the first time last Saturday local time. This address is one of 39,069 dormant Bitcoin addresses involved in a New York lawsuit. Plaintiff "Noah Doe" and two Wyoming-registered companies are seeking to claim ownership of Bitcoin in these long-inactive addresses under New York State’s abandoned property law. Sani, founder of analytics platform Timechain Index, noted this group of addresses holds roughly 3.7 million BTC, valued at around $234 billion, including an address widely believed to belong to Bitcoin’s creator Satoshi Nakamoto. Alex Thorn, head of research at Galaxy Digital, said activity in dormant addresses linked to the lawsuit has risen sharply recently: 31 addresses transferred 17,527 BTC in June, compared to just 5 addresses moving 4,834 BTC in February this year. However, the legal community generally views the lawsuit as having weak grounds. Last Friday local time, a defendant identifying as "John Doe 33" who claims control over one of the addresses filed a motion to dismiss the suit, arguing Bitcoin addresses are merely data strings and not entities that can be sued. Edwin Mata, CEO and lawyer at tokenization platform Brickken, stated that an address’s long inactivity alone does not prove asset abandonment. Under property law, establishing abandonment typically requires proof that the owner explicitly intended to relinquish their property rights; dormant addresses may stem from long-term cold storage, lost private keys, or holders choosing to hold assets long-term, so they do not sufficiently support the plaintiffs’ claims.
7 minutes ago
This Week’s Crypto Market Preview: Fed Meeting Minutes Set for Release, SpaceX to Be Added to Nasdaq 100 Index
This week, the crypto market will focus on Federal Reserve meeting minutes, U.S. economic data, and several crypto industry events; macro conditions and on-chain dynamics may jointly influence digital asset trends. On the macro front, the Federal Reserve will release the minutes of its June FOMC meeting in the early hours of July 9 (Beijing time), and markets hope to use this to gauge the future interest rate path. Additionally, the U.S. ISM Services PMI, consumer inflation expectations, initial jobless claims, and China’s June CPI data will be released sequentially. On the industry side, SpaceX will officially be added to the Nasdaq 100 Index on July 7, becoming the fourth index constituent to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from passive allocation demand from index funds. In addition, U.S. crypto miner American Bitcoin (ABTC) will resume trading after completing a 1-for-15 reverse stock split to avoid delisting by Nasdaq; Berachain will complete its PoL Next upgrade on July 7. In terms of on-chain governance, DAOs including ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will wrap up voting on multiple governance proposals this week. For token unlocks: Hyperliquid (HYPE) will unlock tokens equivalent to 0.2% of its circulating supply on July 6, worth approximately $30.39 million; RAIN will unlock ~7.64% of its circulating supply on July 11, valued at ~$787 million; PUMP will unlock ~29.12% of its circulating supply on July 12, worth ~$130 million. Beyond macro data, developments in the Russia-Ukraine conflict and the continued weakening of the Japanese yen also merit attention. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, with yen depreciation often accompanying Bitcoin price rallies.
7 minutes ago
Morgan Stanley warns that US equities may struggle to hit new highs, as investors are rotating out of tech stocks.
Morgan Stanley strategists believe U.S. equities face headwinds in hitting new all-time highs as investors rotate out of this year’s top-performing tech stocks and into other sectors. This rotation could erode the market leadership pattern previously dominated by AI and mega-cap tech stocks. The firm’s analysis notes that most positive economic and earnings news has already been priced in, leaving index performance stagnant, and truly upside surprises will be needed to drive further gains. Markets are eager for concrete proof that massive AI capital expenditures can translate into sustained returns, rather than just growing spending figures, and this uncertainty is pushing more capital to shift from mega-cap tech to broader equities. Morgan Stanley advises investors to prioritize earnings realizability and quality, take partial profits in small-cap stocks, and expand allocations to AI beneficiaries in select sectors. Earlier research from the bank also showed that while large-cap tech posted strong Q3 results, their stock gains have lagged significantly, dragging valuations lower—a stark contrast to industrials and cyclical sectors that have rallied on rate-cut expectations, further confirming a shift in market capital flows.
7 minutes ago
The Cyberspace Administration of China (CAC) has rolled out the first phase of its special campaign "Cyber Clean: Rectifying Chaos in AI Applications".
The "Clean Net: Special Operation to Rectify AI Application Disorders" launched in April 2026, the Cyberspace Administration of China (CAC) has targeted AI application irregularities including failure to fulfill mandatory large model filing obligations, insufficient AI platform security and content moderation capabilities, AI data poisoning, and inadequate implementation of synthetic content labeling. The CAC has instructed local cyberspace authorities to advance key rectification tasks in the first phase, and opened a "Reporting Zone for AI Application Disorders" to accept public reports. Thanks to joint efforts from all parties, the first phase has disposed over 14,000 AI products including illegal websites, applications, and intelligent agents, cleared more than 6 million illegal and harmful pieces of information, handled over 26,000 accounts, removed over 1,300 illegal AI goods and 9 illegal open-source datasets, with all work achieving positive progress.
Lighter (LIT) surged more than 20% on Monday to $2.6, its highest level since January, after the perpetuals exchange unveiled a tokenomics overhaul that adds permanent burns and a revamped staking model.
The move made LIT the top gainer among the 100 largest cryptocurrencies. It extended a rally that has lifted the token roughly 40% over the past week, far outpacing the broader market.
Lighter (LIT) Token Price Performance. Source: BeInCrypto MarketsFollow us on X to get the latest news as it happens
Lighter Introduces Tokenomics UpdateLighter has bought back LIT with exchange revenue after its token launch. The exchange said it has repurchased about 15.5 million LIT, or roughly 6.3% of the circulating supply. Lighter said it plans to use the buybacks to permanently reduce the LIT supply through burns.
The burns will run by sending LIT to a burn address on the Ethereum (ETH) mainnet. Lighter plans its first burn in the weeks after the second quarter closes. It noted it may burn undistributed LIT rather than the exact repurchased tokens.
“This is economically equivalent for LIT holders and allows Lighter to manage treasury operations efficiently and avoid unnecessary costs,” the exchange said.
Staking Rewards Shift to ReserveLighter also changed how it funds staking rewards. Since launching its staking program in January, it has distributed about 3.72 million LIT using pre-TGE revenue, including roughly 170,000 LIT through its fee credits program.
That approach is ending. The exchange will now fund staking rewards using its remaining ecosystem tokens, which total 250 million LIT.
The protocol is targeting a 6% annualized staking yield. With about 125 million LIT currently staked, that would distribute roughly 7.5 million LIT per year.
LIT still trades well below its $7.86 record set in December. Whether the new model sustains demand may hinge on trading revenue holding up in the months ahead.
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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.
7 minutes ago
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.
7 minutes ago
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.
7 minutes ago
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.
7 minutes ago
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.
7 minutes ago
Whale MK4 opened a long position in LIT at $1.29, with an unrealized profit of $6.7 million.
According to monitoring by OnchainLens, crypto whale MK4 (@mk4_lul) holds a 5x leveraged long position in LIT, with a position value of $13 million, an entry price of $1.29, and current unrealized profit of $6.7 million. The whale’s wallet address has amassed a lifetime total profit of $173.68 million.
Crypto markets saw a technical recovery this week.
Bitcoin [BTC] reclaimed key support after an early-week selloff and helped improve sentiment across the market. The rebound triggered a rotation into altcoins, allowing several mid- and low-cap tokens to post outsized gains.
However, the biggest winners weren’t driven by broad market momentum alone. Instead, developer-led catalysts, protocol upgrades, and project-specific announcements dominated price action, reinforcing that fundamentals, rather than pure speculation, were behind many of this week’s top performers.
MemeCore [M] rally has a long way ahead! MemeCore [M] topped this week’s gainers with a 110% rally, recovering sharply after last week’s 70.5% correction pushed it onto the weekly losers list. In that context, this week’s move looks more like a trend reversal than just a dead-cat bounce.
The big question now is whether M can keep the momentum going. Fundamentally, the rally has backing. As AMBCrypto reported, MemeCore announced a $10 million buyback program, reducing the token’s circulating supply and adding a strong scarcity narrative behind the price action.
The market reacted immediately, sending M into a parabolic rally. Even so, the weekly chart still leaves room for further upside. Despite the triple-digit gain, the weekly RSI hasn’t reached overbought territory yet, suggesting bullish momentum hasn’t been fully exhausted.
Source: TradingView (M/USDT) If buying pressure holds, M could have enough fuel to extend its recovery into next week.
Against this backdrop, M’s nearly 13% dip over the past 72 hours doesn’t look too concerning. After a 110% weekly rally, a pullback like this is fairly normal. It helps cool off overheated momentum, shake out weak hands, and clear excess leverage.
If buyers continue to defend the current structure, this pullback could end up being a healthy reset rather than a reversal, keeping M well-positioned to make a run toward the $2 mark next week.
Cardano [ADA] records its strongest weekly run Cardano [ADA] emerged as this week’s second-biggest gainer with a strong 33.5% rally. More importantly, it marked ADA’s strongest weekly performance since Q1 2025, suggesting the move was driven by more than just short-term dip buying.
As AMBCrypto reported, the rally comes ahead of the upcoming Van Rossem hard fork, Cardano’s upgrade to Protocol Version 11. The upgrade introduces more efficient smart contracts, improved security, and enhanced developer tools, all while keeping the network running without disrupting existing applications.
Those improvements have naturally boosted investor confidence, helping fuel ADA’s rally. On the charts, ADA is also looking stronger. It’s trading around $1.20 with momentum building on the daily timeframe. If buyers keep up the pressure, clearing this resistance could open the door for another leg higher next week.
Lighter [LIT] moves towards price discovery Lighter [LIT] took the third spot among this week’s top gainers with a 31% rally. The move also sparked a noticeable jump in leveraged activity in the derivatives market, with the $2.20 level emerging as an area where traders are heavily positioned.
From a technical view, LIT still looks constructive. Bulls have consistently bought the dips on both the daily and weekly charts, triggering short squeezes and pushing the token into price discovery. More importantly, the RSI is still well below extreme overbought levels, suggesting the rally isn’t overstretched just yet.
As long as buyers continue absorbing profit-taking, the trend remains intact. With momentum still on the bulls’ side and no clear signs of exhaustion, LIT looks well placed to extend its rally into the coming week.
Other notable winners Outside the majors, altcoin movers also stood out this week.
Pop Planet [P] led the action with a +7456% move, followed by Vanta Network [SN8] surging +5221%, while The Black Bull [ANSEM] climbed +1420%, rounding out the list of biggest movers.
Weekly losers Venice Token [VVV] breaks down below a key support level Venice Token [VVV] topped this week’s losers chart with a 14% correction. More importantly, the charts are still leaning bearish, with the $10 support level now coming under pressure.
On the weekly chart, VVV has spent the last six weeks in a steady downtrend, with only one week of meaningful buying. Even then, bulls couldn’t hold the recovery, showing that sellers are still firmly in control.
The daily chart isn’t much different. VVV opened the week with an 8%+ drop, bounced 8.7% the next day to briefly reclaim the $15 area, but the recovery quickly faded. Sellers stepped back in and pushed the token down nearly 15% over the following three sessions.
Source: TradingView (VVV/USDT) Right now, every bounce is being met with fresh selling, which isn’t what you want to see if you’re looking for a trend reversal. Unless buyers step in soon, the odds of VVV losing the $10 support continue to rise. If that level breaks, a deeper correction could be next.
Pi [PI] bears take control from the bulls Pi [PI] emerged as this week’s second-biggest loser with an 8%+ decline. The charts tell a similar story to VVV, with bears continuing to control the trend while buyers struggle to build any meaningful momentum.
From a technical standpoint, there’s still no clear sign of a bottom. Over the past month, PI has lost two key support levels. The first was around $0.15, which acted as a solid floor back in February. But when price revisited that area in June, buyers couldn’t hold it, allowing sellers to take over again.
This week’s 8% drop has now pushed PI below the $0.13 range where it had spent the last three weeks consolidating. That breakdown shifts the focus toward the $0.10 level. Unless bulls can quickly reclaim the lost support, the current setup continues to favor more downside.
Canton [CC] records extended weekly losses! Canton [CC] took the third spot among this week’s biggest losers with a near 6% decline. Compared to the other top losers, the drop was relatively modest, but the charts are still pointing lower.
From a technical standpoint, this week’s losses simply add to the ongoing weakness. CC has now posted four straight weeks of declines, sliding from around $0.17 to $0.14, with sellers staying firmly in control.
The weekly chart also shows CC trading at its lowest level since the January rally, leaving many recent buyers underwater. That’s usually not a great sign, as it can trigger more selling into any short-term bounce. Unless buyers step in soon, the current trend continues to favor a move toward the $0.10 level.
Other notable losers In the broader market, downside volatility hit hard.
SkyAI is a crypto asset in the emerging token segment recorded a 75% drop, followed by Xeffy falling 63.6%, and Velvet slipping 62.5%, as momentum sharply cooled.
Conclusion This week was a rollercoaster. Big pumps, sharp dips, and nonstop action. As always, stay sharp, do your own research, and trade smart.
Final Summary MemeCore [M], Cardano [ADA], Lighter [LIT] led the week in gains. Venice Token [VVV], Pi [PI], Cranton [CC] saw significant declines.
Lighter [LIT] attracted fresh buying interest after its price rose 11.16% over the past 24 hours, reaching $2.09 at the time of writing. Trading activity also accelerated sharply, with 24-hour volume climbing 98.45% to $168.3 million.
The simultaneous increase in price and volume suggested that more participants entered the market as the rally developed rather than activity fading after the initial move. Buyers also maintained control above the $2.00 psychological level, reinforcing the token’s recent strength.
Why are Binance traders staying bullish? Binance derivatives data continued showing strong bullish conviction despite LIT‘s price rally. At press time, top trader accounts held 67.96% of positions on the long side, while only 32.04% remained short.
That distribution pushed the Long/Short Ratio to 2.12, indicating that bullish exposure exceeded bearish positioning by more than two to one. The ratio also stayed elevated after briefly approaching 2.30 during the recent advance, highlighting sustained confidence instead of a rapid shift toward profit-taking.
However, such crowded long positioning often increased liquidation risks whenever volatility accelerated. Besides, traders continued favoring higher prices, suggesting expectations for another leg higher remained intact as long as LIT defended its newly established support.
Source: CoinGlass LIT’s persistent leverage demand The OI-Weighted Funding Rate remained positive throughout the recent rally and stood near 0.005% as of writing. Earlier sessions had produced spikes above 0.025%, showing leveraged longs willingly paid premiums to maintain their positions.
Although funding cooled from those extremes, it never crossed into negative territory, indicating bullish leverage continued dominating the derivatives market. This pattern suggested traders reduced excessive leverage without abandoning their positive outlook.
However, the moderation also lowered immediate overheating concerns after the strongest funding spikes faded. As long as funding remained positive, derivatives activity continued to support the prevailing bullish structure instead of signaling an aggressive shift toward short exposure.
Source: CoinGlass LIT clears resistance as RSI gains strength LIT broke decisively above the $2.03 resistance level and traded around $2.09, confirming a continuation of its broader uptrend.
Price also stayed comfortably above the ascending trendline that had guided the rally since late May, preserving the market’s bullish structure.
Meanwhile, the Relative Strength Index (RSI) climbed to 68.53 at press time, while its Moving Average stood at 58.19, showing buying pressure strengthened without entering deeply overbought territory. The RSI approached the 70 threshold, leaving room for additional upside before reaching extreme conditions.
The next major resistance sat near $2.50, whereas $2.03 now served as the first support. If buyers maintain control above that level, LIT could challenge higher resistance. However, losing $2.03 would likely expose the ascending trendline and potentially trigger a deeper pullback toward $1.85.
Source: TradingView Can LIT defend its breakout? LIT maintained a constructive market structure after reclaiming and holding above $2.00.
Bullish positioning and positive funding continued supporting the uptrend, while price remained above key technical support. If buyers defend $2.03, the rally could extend toward $2.50.
However, heavier profit-taking or excessive long liquidations would likely place the breakout under pressure and increase the probability of a correction toward $1.85.
Final Summary LIT held above $2 as higher volume reinforced renewed buying interest across the market. Positive funding and bullish Binance positioning continued supporting LIT despite growing leverage exposure.
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.
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.
The perpetuals exchange will start burning the LIT it buys with revenue and tap its token reserve to keep staking yields flowing.
Lighter, one of the largest decentralized perpetuals exchanges by trading volume, said it will start permanently burning the LIT tokens it buys back with exchange revenue and will fund staking rewards from its ecosystem token reserve.
Lighter has bought back about 15.5 million LIT — roughly 6.3% of circulating supply — using exchange revenue since its token generation event, the company said in an X post Tuesday. Those tokens will now be withdrawn from the exchange and sent to a burn address on Ethereum mainnet, with the first burn set for the weeks after the end of the second quarter.
Separately, Lighter will begin paying staking rewards from its remaining ecosystem tokens, targeting an initial 6% annualized yield. With about 125 million LIT staked, that yield would distribute roughly 7.5 million LIT a year from a remaining reserve of 250 million.
The changes pull in two directions on supply. Burning bought-back tokens removes them from circulation, while paying staking yield from the reserve releases tokens that were not yet circulating, partly offsetting the burns. The update also answers requests from holders for clarity on what happens to the LIT the protocol repurchases, a recurring question across perpetuals exchanges that run buybacks.
Lighter briefly overtook Hyperliquid in monthly perpetuals volume around its December launch, when airdrop incentives pulled traders to its zero-fee order book. Activity has since cooled as those incentives wound down, which puts more weight on whether the token's economics can sustain demand on their own.
LIT rose about 2% over 24 hours and is up roughly 20% over the past week and about 39% over the past 30 days, outpacing Bitcoin, which fell almost 3% over the past day and about 20% over the past month, according to CoinGecko. The token trades near $1.84, about 77% below its record high. Its market capitalization is around $461 million; its fully diluted valuation, which counts the full one billion token supply against the 250 million now circulating, is roughly $1.84 billion.
Buybacks Become BurnsLighter had been buying LIT on the open market with exchange revenue since its token launch at the end of December, but had not committed to destroying the tokens. It said Tuesday that the buybacks will now reduce supply permanently through burns, executed by sending LIT to an Ethereum burn address.
The exchange flagged one mechanical caveat: the tokens it burns may be undistributed LIT rather than the exact tokens it repurchased, an approach it said is economically equivalent for holders and cheaper to administer.
The buybacks are funded by trading activity. Lighter has generated about $2.87 million in protocol revenue over the past 30 days and roughly $53 million since launch, according to DefiLlama.
Continued Exchange RevenueThe burn program depends on continued exchange revenue to fund the buybacks, and revenue has been modest relative to the token's valuation.
Funding staking from the 250 million-token reserve also draws down a finite pool; that reserve could deplete faster if revenue weakens or staking participation climbs, and the 6% target is not fixed.
Lighter said it will execute the first burn in the weeks after the close of the second quarter, a milestone holders will be able to verify onchain.
Staking Shifts to the ReserveLighter launched its staking program in January and has distributed about 3.72 million LIT to stakers so far, including roughly 170,000 LIT from a fee-credits program.
Those rewards were bootstrapped with pre-launch revenue while exchange income was directed entirely toward buybacks. Effective immediately, the protocol will instead draw on ecosystem tokens, which it said is a more aligned use because the rewards flow to holders with the longest time horizons.
The targeted 6% yield is denominated in LIT and can be adjusted at the team's discretion based on market conditions, protocol performance and sustainability, Lighter said. At about 125 million LIT staked, roughly half of circulating supply is committed to the program.
Lighter laid out four priorities for managing its treasury going forward: rewarding long-term stakers, reducing supply through burns, preserving tokens for future partnerships and growth programs, and stewarding the reserve for long-term value. The company said its ecosystem tokens exist to grow the protocol, deepen liquidity and reward users.
Bitcoin and ether tested critical multiyear support levels, with ether at a price it has bounced from twice before and bitcoin near its lowest since late 2024.Open interest in dogecoin jumped to the highest since the October crash, but on negative funding and aggressive selling. BTC puts continued trading at a double-digit premium to calls, signaling demand for downside protection even though volatility indexes are subdued.A handful of tokens are bucking the trend, with stellar (XLM) holding gains from DTCC's Stellar integration news and lighter (LIT) up 23% over the past week on similarities to the outperforming HYPE token.Bitcoin BTC$58,923.36 fell 1.5% on Tuesday after failing to hold above $60,000 on Monday. It now trades at $59,250, looking set to challenge the weekend lows of $58,800. Ether (ETH) is down by 1.73% since midnight UTC, trading at $1,580 after failing to break through $1,640.
Both assets are now testing critical multiyear support levels. Ether has bounced from this level twice before, in April 2025 and October 2023, while bitcoin is trading around its lowest point since late 2024. A failure to hold would leave both tokens without an obvious floor.
The altcoin market saw exaggerated downside on Tuesday, with DeFi tokens ethena (ENA), jupiter (JUP) and ether.fi (ETHFI) all falling between 3.3% and 7.5% as risk appetite continues to wane.
The weakness stands in contrast to traditional markets, where U.S. equities have been steady since midnight. The S&P 500 and Nasdaq 100 futures posted gains of 0.03%, while the Dollar Index (DXY) added 0.25%.
Derivatives positioningHYPE, the native token of decentralized exchange Hyperliquid, has gained over 4.3% in the past 24 hours and is the only major token trading noticeably in the green. The rally looks spot-driven, and hasn't excited traders into taking on more derivatives risk for now. Open interest (OI) in HYPE futures remains around 40 million tokens, a level it's held since at least June 22.While overall positioning stays light, it leans bullish. Annualized funding rates are sitting close to 10%, a sign that perpetual futures are trading above the spot price.The biggest OI gainer of the past 24 hours among major cryptocurrencies is DOGE$0.07086, the largest memecoin by market value. Open interest has jumped to 16 billion tokens, the highest since the Oct. 10 crash and up from 13 billion a day earlier. The inflows look bearish rather than bullish, however, given the negative funding rates and negative 24-hour OI-adjusted cumulative volume delta. The CVD signals that sellers are the more aggressive side, hitting sell orders to cross the spread and fill their bearish bets at the best available bid.Bitcoin, ether and XRP futures markets offer little excitement, with open interest locked in recent ranges. Positioning in SOL remains elevated, with OI near record highs, a signal of potential volatility ahead.Volatility indexes continue to point to market calm. BTC's 30-day implied volatility gauge, BVIV, dropped by 11% to 44% on Monday and has held around that level since. Ether's equivalent index, EVIV, is telling the same story.On Deribit, BTC puts continue to trade at a 10%-plus premium to calls across all time frames, a sign of persistent downside concerns. ETH shows a similar pattern at the short end — weekly puts carry a comparable premium — while further out puts are noticeably cheaper than calls.Block flows featured a BTC short straddle, an options strategy that profits from low volatility and price consolidation.Token talkNative DeFi tokens struggled on Tuesday, and the negative sentiment didn't stop there. AI tokens FET, TAO and RENDER all fell, as did privacy coins zcash (ZEC) and monero (XMR).Even hyperliquid (HYPE), which has outperformed its peers in recent weeks, is trading at $65.3 after dropping by 2.2% on Tuesday. HYPE's chart appears to be in more of a consolidation phase after last month's rally as opposed to a corrective phase, this is characterized by two higher highs alongside two higher lows.One token in the black on Tuesday is stellar lumens (XLM). The token forked from Ripple in 2014 is maintaining bullish sentiment after DTCC, the largest U.S. financial markets clearinghouse, said it will connect its tokenized securities platform to the Stellar network in the first half of 2027. The announcement spurred a 100% rally in late May.Another token bucking the trend is lighter (LIT), which is benefiting from its similarities to HYPE in that it is the native token of a decentralized perpetual exchange. LIT is up by 23% over the past week, notching a double-digit gain in the past 24 hours alone.Related Assets
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
3 hours ago
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Buying interest returned to Lighter [LIT] as the token extended its recent recovery, supported by stronger trading activity and renewed demand across the market.
At the time of writing, the altcoin traded around $1.69 after gaining 7.34% over the previous 24 hours, while daily trading volume climbed 50.25% to $63.3 million.
The rally has kept LIT above the $1.50 support level and pushed it back toward the $1.74 supply zone.
Lighter also maintained a market capitalization of approximately $422.66 million, reflecting sustained participation as buyers challenged a major resistance area.
Can Lighter overcome its next major hurdle? Lighter extended its advance within a well-defined ascending channel before reaching the $1.74 supply zone, where previous rallies had repeatedly stalled.
Buyers defended the $1.50 support level after a brief pullback, allowing price to recover and revisit the upper boundary of the structure.
However, repeated rejections beneath resistance showed that sellers continued protecting this region. Even so, the series of higher lows preserved the broader bullish structure throughout the channel.
The chart also identified $2.00 as the next major resistance beyond the supply zone.
If buyers reclaim $1.74 with sustained demand, price could continue toward that level. However, failure to clear resistance could keep Lighter trading within its current rising channel.
Source: TradingView Selling pressure faded as the bullish crossover approached Technical indicators reflected mixed conditions as Lighter tested overhead resistance.
The DMI remained constructive, with the +DI at 23.53 holding above the -DI at 14.92w. The ADX stood at 27.92, indicating that the prevailing uptrend retained reasonable strength.
Although the MACD line remained below the signal line, the histogram narrowed to -0.0118, showing that selling pressure had continued fading after the recent recovery.
This improvement suggested bearish pressure had weakened despite the bullish crossover not yet materializing. If the histogram continues narrowing and the MACD line crosses above the signal line, the indicator would confirm a bullish crossover.
Ultimately, the crossover will strengthen the case for another attempt above the $1.74 supply zone.
Source: TradingView Where could liquidation pressure build next? The liquidation heatmap revealed dense liquidity clusters between $1.70 and $1.75, placing the current price directly beneath an area likely to attract heightened volatility.
Several large liquidation pockets also appeared around $1.69. This suggests that a move above nearby resistance could trigger additional liquidations and accelerate the advance.
Meanwhile, sizeable liquidity zones rested near $1.62 and $1.56, providing downside targets if selling pressure increases. Those clusters showed that leveraged positions had concentrated around nearby price levels rather than farther away.
As a result, the next decisive move would likely emerge once either buyers or sellers force price through one of these heavily populated liquidity areas.
Source: CoinGlass Can Lighter open the path toward $2.00? Lighter maintained a constructive technical structure, and the ongoing momentum points toward a breakout above the $1.74 supply zone.
With buying pressure strengthening, the ascending channel is set to remain intact, driving price toward the $2.00 resistance level.
Final Summary Lighter held its ascending channel as buyers challenged a key resistance around $1.74. Fading selling pressure and overhead liquidations could support another breakout attempt if demand persists.
Asset manager Grayscale Investments has released a list of the top 15 on-chain applications ranked by protocol revenue. The list highlights projects such as HYPE, PUMP, CAKE, SKY, JUP, AAVE, AERO, WLFI, LDO, MET, ETHFI, LIT, CARDS, UNI, and RAY.
The report focuses on protocols that are generating meaningful revenue directly from user activity on-chain.
Many Protocols Trading at Low ValuationsAccording to Grayscale, several of the highest-earning crypto protocols are currently trading at relatively low valuation multiples. This is despite producing significant revenue. The firm noted that many of these projects are valued at single-digit trailing 12-month revenue multiples. This is often considered inexpensive compared to their growth potential.
Some of the top onchain apps by revenue have real cash flows, low overhead, and single-digit multiples, and with the CLARITY Act… pic.twitter.com/vpz8Lu7Xlu
— Grayscale (@Grayscale) June 24, 2026 A major reason for this is that blockchain protocols typically operate with much lower overhead costs than traditional businesses. They do not have large employee counts, office expenses, or complex operating structures. As a result, a larger share of protocol revenue can translate into earnings or cash flow.
Why Grayscale Sees an OpportunityGrayscale believes the current market environment may present an attractive entry point for investors focused on fundamentals. While crypto markets have gone through an extended bear cycle in recent years, many revenue-generating applications have continued to build products. They attract users and generate cash flows.
The firm argues that the market has not fully reflected the financial strength of some of these protocols. Consequently, this creates a potential valuation gap.
Hyperliquid Leads the PackAmong all 15 protocols, Hyperliquid (HYPE) clearly stands out as the revenue heavyweight. The perpetuals trading platform generated around $800 million in revenue in 2025. This makes it one of the highest-earning protocols across the entire crypto industry.
Aave and Uniswap HighlightedAave (AAVE) and Uniswap (UNI) were also specifically highlighted by Grayscale. Both protocols are considered strong DeFi leaders. Yet, the firm believes they may be undervalued compared to the revenue they generate and their long-term growth potential.
Regulatory TailwindsThe report also points to the potential impact of the CLARITY Act, which could introduce clearer crypto regulations in the U.S. In turn, this may help boost adoption of tokenized assets and broader onchain financial systems.
Since many of the top-ranked protocols are focused on decentralized trading, lending, staking, liquidity provision, and blockchain infrastructure, they could benefit significantly from increased adoption and transaction activity. This is likely if regulatory clarity improves.
Story Ends Here
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PANews reported on May 6th that, according to Cointelegraph, a Kaiko report indicates that prior to Robinhood's token listing announcements, open interest, funding rates, and on-chain trading patterns in the perpetual contract market suggest that some traders may have positioned themselves in advance. The most typical example is address 0xa1E, which opened a long position in LIT on Hyperliquid approximately one hour before Robinhood announced the listing of its Lighter token and closed the position about one hour after the announcement. The same address opened a short position in a HOOD-linked perpetual contract several hours before Robinhood released its lower-than-expected first-quarter earnings report, closing the position after the share price fell. Kaiko also noted that tokens such as Zcash, Synthetix, and Near Protocol saw surges in open interest and funding rates before their announcements. Analysts stated that while the data raises concerns about potential insider trading, it may also indicate that some savvy traders positioned themselves based on changes in funding rates, trading volume, and open interest.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
2 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
2 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
2 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
2 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
2 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Today, SafePal, a multi-chain, non-custodial crypto wallet that supports multiple crypto assets across different blockchains, identified top crypto tokens with excellent trading performance on its trading platform over the past week. SafePal, powered by its native SFP token, functions as a non-custodial wallet ecosystem that allows people to securely store, trade, manage, and grow crypto assets, with the capability to move tokens across various blockchains.
SafePal’s move to list top-performing cryptocurrencies on its well-recognized wallet shows which tokens are gaining traction among users and are worth investing in for those who are looking for trending crypto assets. The analysis is based on how the winners performed in the past and pointed out factors such as real use cases, rising user interest, and others.
Top Crypto Gainers According to SafePal KAITO (KAITO) The analyst identified Kaito (KAITO) as the crypto asset that recorded the highest trading volumes and capital inflows over the past week on its wallet, an indicator of heightened investor interest in the cryptocurrency. However, the surge in trading volume and money influxes into the wallet has not so far been reflected in the asset’s price movement. KAITO’s price, which currently hovers at $0.5346, has been down 2.1% and 5.0% in the last 24 hours and past week, respectively.
Lighter (LIT) Moving down, Lighter (LIT) is singled out as the digital asset that experienced the second-highest trading volume on SafePal’s trading platform. This means that crypto users are significantly engaging with the token in the wallet. Of late, Lighter (LIT) coin has been witnessing increasing popularity among investors due to positive sentiment that crypto has a strong capability to give out the best returns. LIT’s price, which currently trades at $1.91, has been down 31.1% due to increased selling pressure. It is a relatively new token, which started trading last month; its traction is based on robust optimism in its future growth.
Pudgy Penguins (PENGU) Pudgy Penguins (PENGU)’s remarkable trading volume noticed on the SafePal wallet over the past week makes it third on this list. PENGU has been registering a significant surge in trading activity in the wallet, an indicator of sign of life in the cryptocurrency. PENGU’s price has been up 1.4% and 30.9% over the past week and month, respectively, a reflection that the token is drawing the attention of both retail and institutional investors.
Ondo (ONDO) Ondo (ONDO)’s trading activity on SafePal has been substantially high in the wallet over the week, indicating investors are massively accumulating the token in the trading platform. Driven by its strong role in the tokenized assets and DeFi sector, ONDO is attracting institutional and retail interest, assisting it stand out in the competitive crypto market.
Zebec Network (ZBCN) Fifth on the list is Zebec Network (ZBCN), which is also displaying notable bullish momentum, outperforming its weekly averages on the SafePal trading platform. Zebec Network, a major player in the RWA and streaming payment sectors, started experiencing heightened trading volume at the beginning of the year. ZBCN’s price, which currently stands at $0.003225, has been up 7.8%, 33.9%, and 265.3% over the past week, month, and year, respectively, showing its market popularity.
Hyperliquid (HYPE) Last on the list is Hyperliquid (HYPE), another cryptocurrency that attracted outstanding user interest in the SafePal wallet in the last seven days. The significant uptick in HYPE’s trading volume in the wallet appears to be catalyzed by notable investor activity on the trading platform. HYPE’s price has been up 3.7% and 4.5% over the past week and month, respectively, supported by rising interest from investors and speculative demand.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
PANews reported on May 31 that, according to Onchain Lens monitoring, whale Loracle has closed out its short positions in BTC, LIT, TON, and VVV. HYPE short positions are still being closed, with 1.518 million HYPE short positions remaining (approximately $105 million), resulting in a loss of over $36 million. New long positions were opened in ZEC (10x leverage), ASTER, and TON (5x leverage), and the position size continues to increase.
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
1 minutes ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
1 minutes ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
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Will Price and Delphi's Flip make the case that LIT is underpriced for what Lighter has built.
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The U.S. finally has perps, but only for centralized exchanges. That may feel like just half a step, but it buys us time to work out which onchain platforms are best positioned to capture an entirely new asset class as it lands on Wall Street.
Hyperliquid's the obvious one, and by no means a bad play. But the first onchain protocol to break ground in the U.S. probably won't be one operated out of Asia. To me, it has to come from inside the country…
...which brings us to Lighter.
Will Price, a DeFi investor and Lighter advisor, and Flip, who covers perps at Delphi Digital, came on Bankless to make the case: LIT, Lighter's token, is underpriced for what the team has built and how cleanly it lines up with where Wall Street and U.S. regulation are heading.
The Market-Maker FlywheelOne of Lighter's more interesting advantages over Hyperliquid is how it uses market makers.
The prize every exchange chases is uninformed retail flow, the benign volume that made Robinhood and Kalshi so profitable, because it's easy money for whoever trades against it. I regret to inform you that most of us are that uninformed flow.
Rather than charging retail fees, Lighter instead charges market makers for access to trade against it and uses that revenue to let everyone else open and close positions for free.
Where Wall Street Plugs InIncreasingly, the assets people most want to trade are real-world ones, stocks, pre-IPO names, and commodities, rather than crypto.
To get traders better prices on those, Lighter added a Request-for-Quote (RFQ) system that lets large market makers quote on demand instead of parking capital on the book. Traders get better fills on markets that would otherwise sit thin, and market makers get to quote them without tying up capital they'd rather use elsewhere.
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That same plumbing could eventually let large offchain institutions plug in and quote specific assets, drawn by the same retail flow. If that happens, Lighter stops competing with Wall Street's liquidity and starts merging with it, while the end user still trades for free.
Technicals and FundamentalsOn the technicals, Lighter stands tall. Its orderbook architecture runs at the lowest latency in crypto perps, around 200 milliseconds, matching or slightly exceeding Hyperliquid's speed.
Pairing that orderbook with the RFQ system also made it the first exchange to run more than one execution model at once, which Flip argues is what any venue will eventually need to capture the whole perps market, not just the crypto segment.
The fundamentals hold up just as well. Lighter routes all of its revenue into buying LIT back off the open market, buybacks Flip expects to grow as the exchange starts charging market makers more. And despite already doing about a fifth of Hyperliquid's crypto volume, LIT still trades at just 20 to 25 times revenue against Hyperliquid's 70.
Additionally, over the past quarter Lighter has been buying back LIT at more than nearly 4x the pace of Hyperliquid buying back HYPE.
Reading the Tea LeavesThe same strength on display in its technicals and fundamentals shows up in its business strategy.
Lighter listed a SpaceX pre-IPO market two weeks before Hyperliquid did, and beat it to a market for Nvidia's H100s, the AI chips everyone's scrambling for. It's already listed names like Dell and IBM, the stocks everyone’s hot for in the past few weeks, once again, ahead of Hyperliquid.
Then there's the positioning. When regulators do open perps to onchain protocols, the first through the door will likely be the ones the U.S. can actually oversee, which means those based domestically.
Lighter is a U.S. company, with LIT issued straight out of a Delaware C-corp and the platform settling in USDC, a GENIUS-compliant stablecoin. It's built to be ready the exact moment that door opens.
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Lighter [LIT], the decentralized perpetuals trading protocol, climbed 19% to a new high of $1.62.
The move came as investors reacted to growing discussion around the protocol’s plans for the U.S. market. Interest also appeared to strengthen across derivatives and spot markets.
Why is LIT rallying? The rally followed comments from Lighter founder and CEO Will Price, who confirmed the protocol’s interest in entering the U.S. perpetuals market.
Speaking during an interview on Bankless, Price said Lighter is pursuing regulatory licensing. He added that the LIT token is issued through the firm’s Delaware C-corp and that the company maintains a presence in Washington.
Price cited the size of the U.S. market as the primary motivation.
The main reason is the size of the U.S. market and our desire to participate in it.
He acknowledged that neither the SEC nor the CFTC has finalized how the sector will be regulated. Even so, Price expects industry participants to contribute to future policy discussions.
According to Price, the onshore perpetuals market represents a roughly $100 billion opportunity. He argued that blockchain-based protocols could compete effectively regardless of the eventual regulatory requirements.
Are traders betting on more upside? Market activity increased following the interview.
Data showed $63.8 million flowing into LIT perpetual markets. Funding Rates stood at 0.0325%, suggesting that long positions remained dominant.
Source: DeFiLlama At the same time, protocol earnings continued climbing. Earnings data showed cumulative earnings reaching $50.4 million.
The figure represents gross profit after accounting for incentives. Rising earnings suggested stronger protocol revenue generation during the period.
Net income allocated to token holders reached $19.05 million.
LIT on-chain data points to an upside swing On-chain data shows a strong chance that LIT swings to the upside, with a rebound likely to take hold in the near term.
At the moment, the spot market data points to a structural setup that raises the odds of a longer-run LIT rally.
Source: CoinGlass According to CoinGlass Netflow data, investors accumulated approximately $6.17 million worth of Lighter [LIT] between the 30th of May and the 2nd of June.
Sustained inflows during that period suggested buyers continued adding exposure despite the token’s sharp advance.
Combined with positive Funding Rates and growing perpetual market participation, the accumulation trend may support bullish sentiment in the near term.
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
1 minutes ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
1 minutes ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
1 minutes ago
Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
1 minutes ago
Binance's Shanghai leverage contract fee rate surges to 0.66%
Market data shows South Korea's SK Hynix rose over 10% intraday. The funding rate for Binance's SKHYNIX/USDT contract pair jumped to 0.668%, equivalent to an annualized rate of 723%, signaling the market is gripped by FOMO-driven long positions.
1 minutes ago
US-listed optical module stocks rallied broadly in after-hours trading, with MRVL surging over 5%.
According to Bitget market data, driven possibly by Micron’s better-than-expected financial results, U.S.-listed optical module stocks rose broadly in after-hours trading, with COHR up 4%, LITE up 3%, AAOI up 5%, NOK up 3.1%, and Marvell (MRVL) up 5.17%.
