The Indian government has warned of action against two of Meta's three major platforms, WhatsApp and Instagram, within a week, underscoring the growing regulatory risks the U.S. social media giant faces in a key market.
On Saturday, India's Ministry of Electronics and Information Technology issued a "stern notice to Meta over the presence of Child Sexual Exploitative & Abuse Material (CSEAM) in paid advertisements on Instagram," according to a report by Indian state broadcaster DD News.
The government has directed Instagram to "immediately disable all advertisements and content that promote" child abuse and has sought a detailed explanation from Meta within seven days, the report said.
The regulatory warning to Meta came after an investigation by the BBC revealed on Friday that Instagram was running paid advertisements promoting child sexual abuse material in India.
Meta has a "Zero tolerance policy" for child abuse-related content, a spokesperson for Meta told CNBC in an email. The company is using "AI technology to proactively detect violating content and individuals, but we are in a constant battle with criminals who hide among our 3.5 billion users and try to evade our detection," it added.
Earlier this year, the European Commission found that the social media giant was violating EU law by failing to prevent children below 13 from accessing its platforms. Though Meta had disagreed with the preliminary findings, it could face fines of up to 6% of its total worldwide annual turnover if the findings are confirmed.
The U.S. company is not facing an immediate risk of a fine in India, but has come under sharp regulatory scrutiny in its biggest market. The country has the largest audience base for Instagram, with more than 480 million users, more than double the U.S. as of 2025, as per data from Statista. It also has more than 400 million Facebook users, the most globally.
Neil Shah, vice president of research at Counterpoint Research, said this was a "wake-up call for Meta to tighten its compliance and control for its platforms" as the Indian government is keen "to tighten the leash over these massive digital platforms."
Last week, Meta's messaging app, WhatsApp, which has over half a million users in India, was also issued a warning over the roll-out of its username feature. The government claimed the feature could increase cybercrime incidents and has directed the platform to pause its plans.
Meta defended the introduction of usernames, calling it a "major privacy feature" designed to help people stay connected without giving away phone numbers.
"I would describe India as a more demanding regulatory market rather than a hostile one," Reema Bhattacharya, head of Asia research at Verisk Maplecroft, told CNBC. Given India's importance as a key digital market, she added that companies should expect regulators to engage more actively on "issues ranging from online safety to data governance."
Under Warren Buffett's leadership and now continuing with Greg Abel at the helm, Berkshire Hathaway has long sought out exceptional businesses capable of compounding value over decades rather than chasing short-term market movements.
In years past, Buffett described certain portfolio investments as forever stocks -- stakes in companies that are so fundamentally strong that Berkshire intends to own them indefinitely. These types of ownership interests are in businesses that have proven, durable competitive advantages, predictable cash flow, and an ability to reinvest earnings at high returns on an annual basis.
I think Berkshire's decision to steadily increase its position in Alphabet (GOOGL 0.23%) (GOOG 0.48%) reflects a deep commitment to long-term ownership that has defined the investment conglomerate for decades. Let's take a look at what makes Alphabet so unique and assess how it could evolve into Berkshire's next forever stock.
Image source: Getty Images.
What makes a stock a forever holding? The most classic example of a forever stock in Berkshire's portfolio is Coca-Cola. Berkshire began accumulating shares in the late 1980s and has held shares through multiple market cycles, recessions, and leadership changes without ever dumping the core position.
The appeal lies in Coke's unmatched brand moat, vast distribution network, and pricing power -- qualities that generate consistent profitability regardless of economic conditions. Similar thinking could be applied to larger holdings such as American Express, where network effects and customer loyalty create barriers to entry and switching costs that competitors struggle to overcome at scale.
The takeaway here is that forever holdings ultimately reward patience: Berkshire benefits from decades of compound earnings growth and dividend increases while avoiding the cost and taxes associated with frequent trading.
Image source: The Motley Fool.
When did Berkshire first buy Alphabet stock? According to 13F filings, Berkshire first disclosed a stake in Alphabet during the third quarter of 2025 -- acquiring 17.8 million shares. By the end of the first quarter of 2026, Berkshire's Alphabet position had more than tripled to roughly 54 million shares.
The most recent addition came just last month. After Alphabet announced plans to raise $80 billion in equity to fund its artificial intelligence (AI) infrastructure build-outs, Berkshire agreed to purchase $10 billion of new shares through a private placement. The transaction was split evenly: $5 billion across both Class A and Class C shares.
This deal directly follows Berkshire's earlier purchases, signaling continued conviction in Alphabet's long-term trajectory even as the C-suite transitioned at Berkshire.
Today's Change
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-0.85
Current Price
$
360.36
Why Alphabet could become a forever holding Alphabet possesses several characteristics that have historically attracted Berkshire to permanent ownership. For starters, Alphabet's business model is exceptionally diverse, spanning internet search (Google), video (YouTube), mobile software (Android), cloud computing (Google Cloud), and ambitious bets in AI and autonomous driving. This breadth provides multiple growth drivers while reducing reliance on any single revenue stream.
Indeed, Alphabet maintains a near-monopoly position in online search supported by sticky user habits, proprietary data advantages, and unmatched brand recognition. These moats bring unprecedented scale and profitability to the company's core advertising business.
Furthermore, Alphabet has meaningful footholds in both consumer and enterprise markets. In particular, Google Cloud has emerged as a fast-growing, high-margin segment serving businesses and individuals worldwide. Lastly, Alphabet also pays a modest dividend -- a feature Berkshire has long favored because it demonstrates both financial strength and a willingness to return capital to shareholders.
The combination of a solid core advertising business, expanding high-return opportunities in the AI ecosystem, and a shareholder-friendly capital allocation program makes Alphabet a natural extension of the forever-holding template.
Like Coca-Cola from decades earlier, Alphabet now represents the type of high-quality compounder that rewards investors willing to hold through periods of volatility and focus more on the underlying business performance. Berkshire's growing commitment to Alphabet underscores this enduring appeal, making it a compelling stock to buy and hold over a multiyear horizon.
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Microsoft Corporation (NASDAQ: MSFT) between May 1, 2025 and January 28, 2026, inclusive (the "Class Period"), of the important August 11, 2026 lead plaintiff deadline.
So What: If you purchased Microsoft common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Microsoft's Copilot family of products had experienced significant brand positioning, user experience, usage, data siloing, computational capacity, organizational, and interoperability problems; (2) Microsoft's flagship proprietary AI model ranked well below competitors on a number of benchmark tests; (3) Microsoft needed to increase by billions of dollars its capital expenditures and divert graphics processing unit ("GPU") and central processing unit ("CPU") capacity away from fulfilling demand for its profitable Azure services in order to improve the competitive positioning of its critical Copilot family of products and increase its AI-related research and development ("R&D"); and (4) as a result, Microsoft had failed to convert a significant percentage of its commercial Microsoft 365 users to paid Copilot subscriptions and Microsoft's Copilot offerings had lost market share to rival products, a trend that was increasing. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
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VeriSign (VRSN +0.48%) runs the plumbing of the modern internet, ensuring user requests reach the right destination reliably. Thanks to its exclusive regulatory agreements, the company operates the core registry infrastructure for all .com and .net domains, a monopoly position that comes with pricing power and nearly zero marginal costs.
This is a capital-light tollbooth that collected $1.1 billion in free cash flow on just $1.7 billion in revenue last year. Yet, for a business of this quality, the stock has been stuck in neutral, underperforming the broader market by around 30% over the past year.
The fundamentals of the business remain as strong as ever, but the adoption of artificial intelligence (AI) chatbots has changed how users navigate the internet, and the upcoming renewal of its core contract creates an overhang for the stock.
Image source: Getty images.
Growth today, disruption tomorrow? For now, the adoption of AI has been a net positive for VeriSign. Management reports that new AI-powered tools are lowering the barrier to creating websites, helping drive a rebound in registration growth after a period of stagnation.
The domain base grew 3.7% year over year in the first quarter of 2026, and Domain Name System (DNS) traffic on its network has roughly tripled over the past three years. But this near-term tailwind is just the initial stage of a much larger transformation.
The risk is that AI eventually changes how people use the internet, potentially reducing the value of a web address.
If we increasingly interact with AI agents that browse and transact on our behalf, the .com address could become less relevant. Management's counterargument is that these agents will still need a trusted, stable identifier to verify content.
A regulatory moat intact, though the terms remain up for debate Compounding the AI uncertainty is the renewal of VeriSign's .net and .com contracts with internet regulators, which expire in 2029 and 2030, respectively. While the company has a presumptive right of renewal and has successfully navigated this process for decades, there are risks, particularly around pricing.
The company has long been seen as a "utility-like" tech company, but long-term investors will eventually begin to weigh the risk associated with its regulatory moat, especially as critical renewals approach. The marginal buyer of the stock, who is needed to push the stock higher, may stay on the sidelines until there is more clarity.
Today's Change
(
0.48
%) $
1.23
Current Price
$
257.13
For a company with mid-single-digit revenue growth, the stock is not cheap. At around 27 times forward earnings, the likelihood of a favorable outcome in which the monopoly remains intact is already being priced in.
The result is a high-quality company with clouds lingering overhead. We should have a much better grasp of AI's impact on the web well before its key agreements expire.
For now, it's a great business to admire, but a tough stock to buy.
Sen. Elizabeth Warren (D-Mass) accused President Donald Trump on Sunday of using the presidency to advance his family’s cryptocurrency interests rather than working to lower costs for the people.
Warren Suggests Conflict Of InterestWarren attached an infographic on X, presenting a timeline of Trump’s cryptocurrency policy decisions and the rollout of products from his family-owned businesses.
It then spotlighted the passage of the GENIUS Act in the Senate in June 2025, days after the launch of USD1. Trump would go on to sign the bill into law a month later.
Note that World Liberty Financial earns interest on the reserves backing the stablecoin. A Trump-affiliated entity, DT Marks SC LLC, which controls 38% of WLFI, has an “indirect economic interest,” according to the company’s website.
The disclaimer also states that none of its offerings are political or related to any political campaign.
“Donald Trump promised to lower your costs on day one. Instead, he’s busy using the presidency to boost his family’s crypto business,” the senior lawmaker said.
The White House didn’t immediately return Benzinga’s request for comment.
A White House spokesperson told Benzinga earlier that the Trump administration acts solely in the “best interest” of the American people and denied any conflict of interest for the president or his family.
Trump In The Eye Of The StormWarren’s allegations followed Trump’s disclosure that cryptocurrency ventures netted him roughly $1.2 billion in 2025, the very first year of his presidency.
Photo Courtesy: David Garcia on Shutterstock.com
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LCID Deadline: LCID Investors with Losses in Excess of $100K Have Opportunity to Lead Lucid Group, Inc. Securities Fraud Lawsuit PR Newswire
NEW YORK, July 5, 2026
, /PRNewswire/ --
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Lucid Group, Inc. (NASDAQ: LCID) between February 25, 2026 and April 13, 2026, inclusive (the "Class Period"), of the important July 28, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Lucid securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Lucid class action, go to https://www.rosenlegal.com/cases/lucid-group-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 28, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on Lucid's business and financial results; (3) accordingly, the defendants had overstated the purported enhancements to Lucid's manufacturing and delivery capabilities and overall operations; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Lucid class action, go to https://www.rosenlegal.com/cases/lucid-group-inc-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/lcid-deadline-lcid-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-lucid-group-inc-securities-fraud-lawsuit-302817288.html
DALLAS, July 06, 2026 (GLOBE NEWSWIRE) -- Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) is pleased to provide the following update on activities across its portfolio: In Ghana, the third well of the 2026 campaign, J76, was completed and came online in mid-June, two weeks later than initially planned. Initial production rates have been very strong with the new well, which benefits from the latest seismic and Kosmos' reservoir modelling, contributing approximately 20,000 barrels of oil per day (bopd) to gross production.
ONDO has returned to center stage in the crypto market after months of trading in a tight range, following a sharp correction. While assets seeing strong rallies are grabbing attention across crypto, some observers point out that ONDO may be quietly entering an accumulation phase—a pattern that typically precedes major price moves.
Technical signals suggest price compressionAnalyst Noncler highlights that ONDO has displayed limited movement over the past several months, interpreting this period of stagnation as a possible precursor to a price recovery. Analysis of trading charts shows ONDO losing 51 percent of its value during the winter of 2026, only to surge by 97 percent in the spring. Should buying momentum return, some estimate the token could see gains as high as 462 percent in the next cycle.
Noncler believes the months-long quiet in ONDO’s price action could signal the early stages of a rebound, suggesting the market is preparing for renewed growth.
A look at the weekly ONDO/USDT chart reveals that after breaking above the key resistance at $1.00 toward the end of 2025, the token lost steam. Throughout the subsequent downtrend, lower highs and lower lows underscored the persistent selling pressure shaping ONDO’s market trajectory.
Interest from buyers resurfaced in the early part of this year, with ONDO initially establishing support in the $0.22 to $0.30 range before rallying up to $0.45. Recently, price action has stabilized between $0.32 and $0.35, reinforcing expectations that a major move could be imminent.
Level TypeZoneResistance$0.45Resistance$0.60Resistance$0.80Resistance$1.00Support$0.30Demand zone$0.22–$0.25If positive momentum strengthens, analysts believe ONDO’s price could revisit the $1.20 to $1.30 range. On the downside, support levels are concentrated around $0.30, as well as the demand band between $0.22 and $0.25.
Tokenized stocks drive ONDO’s narrativeBeyond price charts, one of the main factors reinforcing market interest in ONDO is the adoption of real world assets on the blockchain. ONDO stands out as a leading platform for tokenizing traditional financial instruments, such as stocks or bonds, into blockchain-based representations.
Mini glossary: Real world assets refer to digital representations of traditional financial products—like stocks, bonds, or funds—on the blockchain. Tokenized stocks are versions of these assets that are tradeable on-chain.
Crypto analyst Niels argues that ONDO has evolved far beyond a mere real world asset token, becoming a dominant force in the tokenized equities market, now controlling nearly half of that niche. In his view, tokenized stocks and ETFs can now be traded 24-7; the on-chain infrastructure supports both liquidity and shareholder rights within a regulatory-compliant framework.
Niels emphasizes that ONDO controls almost half of the tokenized stock market, with stocks and ETFs now available for trading around the clock, and that its regulation-compliant infrastructure is fully integrated on-chain.
Both fundamentals and technicals shape price outlookMarket expectations for an ONDO recovery are not limited to technical indicators. The ongoing trend toward tokenizing real world assets and growing interest from banks and financial institutions in blockchain-based solutions could further strengthen ONDO’s core narrative in the coming years. Still, the high volatility and unpredictability that define the crypto space remain key factors tempering any price forecasts for the token.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
11 minutes ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
11 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
11 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
11 minutes ago
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.
11 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.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
11 minutes ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
11 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
11 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
11 minutes ago
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.
11 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.
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.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
11 minutes ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
11 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
11 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
11 minutes ago
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.
11 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.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
11 minutes ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
11 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
11 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
11 minutes ago
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.
11 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.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
11 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
11 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
11 minutes ago
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.
11 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.
11 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.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
6 minutes ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
6 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
6 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
6 minutes ago
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.
6 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.
Analysis: Whales scoop up 270,000 BTC amid record ETF outflows, Bitcoin shows structural divergence signals
Against the backdrop of sustained outflows from U.S. institutional funds, Bitcoin whales have accumulated over 270,000 BTC (approximately $16.7 billion) over the past two weeks, forming a stark divergence from record outflows in U.S. spot Bitcoin ETFs. Analysis indicates this phase of divergence carries historical cyclical characteristics: while institutional capital retreats, long-term holders and whale accounts continue to accumulate, similar to the capital redistribution structures commonly seen near previous cycle bottoms. On-chain data shows that although the spot premium remains negative, indicating sluggish buying in the market, large wallets continue to add Bitcoin, placing the market in a structural phase of "institutional deleveraging and long-term capital accumulation."
South Korea plans to set up future fund with chip industry tax windfall
South Korea's Presidential Chief of Staff Kang Hoon-sik said on Sunday that the government plans to use the additional tax revenue generated by the semiconductor boom to establish a future fund for investing in economic growth engines, supporting the younger generation, and addressing growing social inequality. The government will use the "Future Response Fund" to support major national investment projects and enhance the country's long-term competitiveness. Kang stated, "At this critical juncture that will determine Korea's future, we must not waste the additional tax revenue brought by the semiconductor boom and other factors." Kang noted that the fund will be used to support the government's three major "super projects," cultivate new growth drivers, address what he calls "K-shaped" economic polarization, and provide housing, entrepreneurship, and employment support for people aged 20–39. The proposed fund is a cornerstone for realizing President Lee Jae-myung's goal of "making South Korea irreplaceable on the global stage," and he urged the government and ruling party to work closely and move quickly.
Analysis: AI semiconductor sector cools, Bitcoin rebounds — signs of capital rebalancing emerge in markets
The AI memory and semiconductor sector has recently seen a notable cooldown, while Bitcoin has rebounded from a recent low to above $61,000, sparking discussion on whether capital is beginning to rotate back into digital assets. Stocks such as SanDisk and Micron have recently lost significant momentum; the DRAM ETF has fallen roughly 25% from its mid-June high, and the SMH is down about 12%. Analysts point out that rising crowding in AI trades combined with pullbacks in some leading stocks is driving capital rotation within risk assets. While it is still hard to determine whether a sustained style shift is forming, against the backdrop of simultaneous cooling in the AI theme and a Bitcoin bounce, the market is showing early signs of rebalancing within risk assets.
Cisco unveils next-gen data center architecture Nexus One, rebuilding networks for AI
Networking giant Cisco officially announced the launch of its data center networking architecture Cisco Nexus One, positioned as an open network architecture designed for AI workloads and next-generation security threats, used to upgrade its long-evolving ACI system. Cisco stated that Nexus One will connect to Cisco's unified platform Cisco Cloud Control, aiming to enhance architectural flexibility, openness, and scalability while maintaining backward compatibility with existing systems. However, Nexus One is not a single product but an "architecture-level evolution" similar to ACI, with the focus shifting from early innovation to standardization and cross-ecosystem interoperability, to meet the complex networking demands of the AI/ML era.
"Machi Big Brother" deposits 10,000 USDC into Binance, sparking speculation "is he leaving the market?"
After depositing 2,000 USDC and 5,000 USDC into Hyperliquid, "Machi Big Brother" Huang Li-cheng leveraged and deposited 10,000 USDC into Binance. Analysts believe the concentrated transfers to different trading platforms in a short period are viewed by the market as a signal that his trading strategy may be changing, also triggering discussion on whether he is beginning to gradually "reduce his risk exposure."
Hong Kong Financial Secretary Paul Chan: 70% of offshore RMB settlement handled via Hong Kong, monthly settlement exceeds 41 trillion yuan
Hong Kong Financial Secretary Paul Chan published a blog post noting the continuous push for RMB internationalization and financial market interconnectivity to further consolidate Hong Kong's position as a global offshore RMB hub. Data shows that over 70% of global offshore RMB payments and settlements are currently handled through Hong Kong; the local banking system's RMB interbank settlement volume has exceeded 41 trillion yuan, equivalent to roughly 2 trillion yuan per day. As China expands high-level opening-up and enterprises accelerate global expansion, demand for RMB in cross-border trade, investment and financing, and fund settlement will continue to rise, driving further expansion of the offshore RMB market. In terms of policy support, the Hong Kong Monetary Authority, with assistance from the People's Bank of China, has introduced an RMB fund arrangement mechanism to reduce banks' costs in obtaining RMB funds to support trade finance and corporate operational needs, and several banks have already expanded related businesses accordingly. Going forward, Hong Kong will step up efforts to encourage enterprises to use more offshore RMB in trade and investment and deepen cooperation with regional central banks. Meanwhile, the upcoming Hong Kong Fixed Income and Currency Summit will also focus on discussions on the development direction of the offshore RMB and bond markets.
"Machi Big Brother's" 25x leveraged Ethereum long position nears liquidation line: just $28 away from liquidation
"Machi Big Brother's" 25x leveraged long position on Ethereum appears to be under extreme tension. Data shows the position size is about 9,000 ETH (approximately $15.84 million), with an average entry price of $1,721.04. The current price is around $1,760.30, showing an unrealized profit of about $353,000 and a return rate of approximately 55.7%. However, its liquidation price sits at $1,731.95, only about $28 away from the current price. A minor market pullback could risk forced liquidation. In the highly volatile crypto market, the exposure of this position has quickly drawn attention, and the market is watching whether he will choose to take profits early or continue to hold and gamble.
Suspected insider address starts selling after buying meme coin CZ, cumulative profit around $374,000
A suspected insider address accumulated at a low point when CZ's market cap was only around $150,000 and has now begun to sell. Address 0xf34…fddee spent only $756.8 yesterday to buy 5.108 million CZ tokens at an average cost of approximately $0.0001481. Ten minutes ago, the address sold 25% of its holdings at $0.06853 per token, making a profit of about $87,000. Currently, the address's cumulative profit — including unrealized gains — has reached approximately $374,000, representing a return as high as 49,421.1%.
AI investment research platform LinqAlpha closes $22 million Series A round led by AVP and others
New York-based AI investment research platform LinqAlpha announced the completion of a $22 million Series A funding round, led by AVP, Atinum Investment, and GFT Ventures, with participation from multiple financial and venture capital institutions from Asia, Europe, and the U.S., including Mirae Asset Venture Investment, Hana Ventures, and Shinhan Venture Investment. The total funding to date reaches $28.6 million. The company provides an AI-powered market intelligence platform for institutional investors, helping investment teams process complex market information through dedicated AI agents. The new funds will be used to strengthen market data integration and expand application scenarios to equities, macro, credit, and multi-asset investment strategies.
Data: Tokens such as PUMP, HYPE, APT set to face major unlocks next week, with PUMP unlocking approximately $125 million in value
According to data from Token Unlocks, tokens including PUMP, HYPE, APT and others will see significant unlocks next week, including: Pump.fun (PUMP) will unlock approximately 82.5 billion tokens at 10:00 PM Beijing time on July 12, representing about 29.23% of the circulating supply, worth about 125 million USD; Hyperliquid (HYPE) will unlock approximately 452,000 tokens at 8:00 AM Beijing time on July 6, representing about 0.2% of the circulating supply, worth about 30.9 million USD; Aptos (APT) will unlock approximately 11.31 million tokens at 10:00 PM Beijing time on July 12, representing about 0.66% of the circulating supply, worth about 6.9 million USD; RedStone (RED) will unlock approximately 40.85 million tokens at 0:00 AM Beijing time on July 7, representing about 9.8% of the circulating supply, worth about 4.1 million USD; Movement (MOVE) will unlock approximately 165 million tokens at 8:00 PM Beijing time on July 9, representing about 4.29% of the circulating supply, worth about 2 million USD; Linea (LINEA) will unlock approximately 1.08 billion tokens at 7:00 PM Beijing time on July 10, representing about 3.63% of the circulating supply, worth about 2.7 million USD; io.net (IO) will unlock approximately 13.29 million tokens at 8:00 PM Beijing time on July 11, representing about 3.61% of the circulating supply, worth about 2.3 million USD.
Opinion: Warsh's Tight-Lipped Style Makes the Fed's June Meeting Minutes Even More Important
George Goncalves, Head of US Macro Strategy at MUFG Securities Americas, said that Warsh's succinct style makes the June meeting minutes carry more weight than usual, providing a valuable perspective to observe the differing stances among Fed officials. "The minutes will become more important because, so far, we don't know what the Fed is thinking. Seeing how they debate and what they focus on will be very enlightening." George Goncalves added that some investors have already questioned Warsh's "hands-off" approach, and many hope to restore greater transparency. Many market participants are not used to reduced information, and there remains a considerable degree of skepticism about how long the Fed can maintain this. Now we can only read between the lines.
A Small Address Makes 490x Profit: Meme Coin CZ Position with Unrealized Gains Over $210,000 Still Not Taken Profit
An early small wallet has achieved astonishing returns in Meme coin CZ trading and has not sold any tokens yet. The address initially invested about $436.76, and now the position value has increased to approximately $214,300, with an overall return of about 490x, currently still holding the full position of about 3.2 million CZ.
Bloomberg Analyst: June ETF Market Posts Insane Data, Inflows and New Launches Both Explode
Bloomberg Senior ETF Analyst Eric Balchunas wrote in an analysis that the ETF market exhibited a "JUNE-SANITY" level of performance in June, with multiple indicators approaching or setting historical records. Data shows that monthly net ETF inflows reached $191 billion, marking the second-highest single-month level in history, with an average daily inflow of about $9 billion, covering around 2,700 different funds. Meanwhile, the number of new ETF product launches in June reached 214, approximately 10 per day, significantly setting a new historical record. In addition, monthly ETF trading volume reached $7 trillion, the second-highest level in history. Eric Balchunas concluded that this series of data reflects a broad-based explosion in the ETF market across fund inflows, new product launches, and trading activity.
Analysis: AI Compute Market Undergoing Rotation, Funds Flowing from Memory Chips to Cloud Providers
"1011 Insider Whale" representative Garrett Jin wrote in an analysis that the market structure saw a notable shift this week, with funds being reallocated within the AI industry chain. Signs of a near-term top in the memory chip market emerged, as Micron's stock price faced resistance and pulled back around the $1,250 level. Despite better-than-expected earnings, the stock fell on heavy volume, exhibiting the classic topping pattern of "selling on good news." SK Hynix and Samsung Electronics in the South Korean market also weakened, with data showing that foreign investors have withdrawn over 100 trillion won (approximately $65 billion) from the Korean stock market in the past two months. The true recipients of these funds are not small- and mid-cap AI concept stocks but rather core cloud computing giants represented by Google, Microsoft, and Amazon. Garrett Jin believes that the logic behind this round of capital migration is the "Token Optimization Trend": as more simple tasks are handled by low-cost models, value will gradually concentrate in the cloud service layer rather than the foundational model layer, which also constitutes the core moat for hyperscale cloud providers.
New A-Share Trading Rules Officially Implemented on July 6: Involving Multiple Core Adjustments Including Expansion of After-Hours Fixed-Price Trading
The newly revised A-share trading rules, synchronously amended by the Shanghai, Shenzhen, and Beijing stock exchanges, will officially take effect on July 6, 2026, covering multiple trading mechanism optimizations. According to the revised trading rules, the core adjustments by the three exchanges are as follows:
Key Revisions on the Shanghai Stock Exchange (SSE): First, the applicable securities scope for after-hours fixed-price trading (AFT) will be expanded from STAR Market stocks to all A-shares and Exchange-Traded Funds (ETFs). Second, the trading method during the fund closing stage will be changed from continuous auction to closing call auction, with the closing price generated through call auction. Third, the price limit range for main board stocks under risk warning will be adjusted from 5% to 10%. In addition, adaptive revisions will be made based on rule changes and business needs, including optimizing disciplinary actions and related provisions, and refining the wording of certain rules. Key Revisions on the Shenzhen Stock Exchange (SZSE): First, introduce a market maker system on the ChiNext Board. Second, adjust the confirmation time for block trading via negotiation for ChiNext stocks. The confirmation time for such trades will change from 15:00–15:30 to 9:30–11:30 and 13:00–15:30. Third, expand the applicable scope of after-hours fixed-price trading. The eligible securities for AFT will expand from "ChiNext stocks" to "A-shares and Exchange-Traded Funds." Fourth, optimize self-regulatory measures and disciplinary action arrangements. Fifth, consolidate the provisions related to the price limit range for main board risk-warning stocks, adjusting the limit from 5% to 10%. Key Revisions on the Beijing Stock Exchange (BSE): Introduce after-hours fixed-price trading for stocks; adjust the block trading price range for stocks without price fluctuation limits; clarify trading rules for risk-warning stocks and delisting consolidation stocks; add regulatory arrangements for severe abnormal fluctuations, etc. At the same time, the BSE will also adjust the wording and structural layout of its rules. Iran's Parliament Speaker: Reaching a Consensus with the US is Possible
According to Jinshi, citing Saudi media Al-Hadath: Iran's Parliament Speaker Qalibaf stated that Iran believes that despite the difficulties, reaching a consensus with the United States is possible.
Dragonfly Partner Haseeb: The Nature of VVV is Misunderstood, Venice is a Company, Not a Decentralized Network or On-Chain Protocol
Dragonfly Partner Haseeb posted a video on X stating that Venice is essentially a company, not a decentralized network or on-chain protocol, and the vast majority of its customers are not crypto users. There is a clear misunderstanding in the market regarding its token VVV: VVV does not represent company equity, nor does it possess attributes similar to "network equity." Even after the airdrop, the company founders still invest millions of dollars of their own funds to operate, and have not raised funds by selling tokens. Haseeb pointed out that no founder would give away 50% of the company's equity for free in the early stages, and the narrative that equates tokens with equity does not hold up logically. He also dismissed claims of "unclear information," saying that the project team has always clearly defined VVV's positioning. He further drew an analogy, stating that VVV is closer to a functional asset like BNB: it is used to pay for subscription services, access compute power (DIEM), and product permissions, while a portion of the revenue is used for buybacks, but it does not constitute a representation of company equity. Haseeb emphasized that the complexity of VVV's valuation stems from the overlap of its multiple functions, but this does not change its fundamental positioning as a "non-equity, non-network asset."
A Trader Deposited $171,000 into Hyperliquid Over the Past 21 Hours and Opened a 15x Leveraged BTC Short
Trader 0x8853 has injected a total of approximately $171,780 into a Hyperliquid trading account over the past 21 hours, with the latest deposit of $50,000 occurring about 50 minutes ago. Subsequently, the trader opened a 15x leveraged Bitcoin short position, sized at about 38.08 BTC (approximately $2.39 million), with an opening price of $62,720. The current mark price is $62,790, and while there is still some distance to the liquidation line of $66,000, the position has already begun to show unrealized losses. Data shows that the current unrealized loss for this position is around $2,760, with a return rate of -1.73%, while the historical cumulative PnL has expanded to approximately -$389,700, indicating that the overall trading record remains in a loss.
New Mac Malware "PamStealer" Disguises as Clipboard Tool to Steal Passwords
Cybersecurity firm Jamf Threat Labs has discovered a new Mac info-stealer named PamStealer, which spreads by masquerading as a counterfeit version of the open-source clipboard manager Maccy. The malware uses spoofed websites to trick users into running an AppleScript file containing malicious code, and leverages macOS Pluggable Authentication Modules to authenticate and steal user passwords. To evade detection by security tools, PamStealer uses JavaScript and macOS APIs to download a second-stage payload. The second stage is a Rust-based binary disguised as Finder or Software Update, capable of stealing browser credentials and Keychain data, monitoring clipboard content, and establishing persistence. The malware also pops up a fake Finder alert 40 minutes after infection to trick users into granting full disk access, thereby expanding its reach. Jamf has not yet found evidence of the malware being active in the wild, but has notified Apple. The researchers also found sponsored ads from verified accounts on X platform distributing similar malware.
Reform UK leader Farage exposed for failing to declare funding from crypto gambling figure with fraud conviction
Reform UK leader Nigel Farage failed to properly declare financial support for security, a driver, social media staff and accommodation provided by George Cottrell before being elected as an MP in 2024. Cottrell previously served eight months in the U.S. for wire fraud, later becoming a key figure on the crypto gambling platform Tether.bet. Farage only declared a trip to Belgium worth £9,253 and flight donations worth £15,276 funded by Cottrell, while omitting the security costs already paid by Cottrell. Farage is already facing a parliamentary standards investigation for failing to declare a personal donation of about £5 million from Tether shareholder Christopher Harborne; his spokesperson denied wrongdoing, saying the support occurred before Farage became an active political figure.
Analysis: Bitcoin Miner Cyclical Pressure Composite Index drops to 2026 low, entering historically undervalued territory
The Bitcoin Miner Cyclical Pressure Composite Index has fallen to a new low in 2026, entering historically "undervalued" territory. The indicator combines the Puell Multiple and the Inverse Miner Capitulation Index, which respectively measure miner revenue and cost dynamics. Historically, their synchronous signals have had strong indicative significance for Bitcoin cycle bottoms. Previous synchronized collapses of this composite index occurred near major Bitcoin bottoms in 2015, 2018, 2020, 2022 and 2024. The only prior time this composite index hit 0.00 was during the capitulation in 2015, when Bitcoin fell from about $300 to $160 within a week. The recurrence of similar behavior by this indicator in 2026 signals that miner stress has once again reached historically rare levels.
Analyst: Bitcoin Sharpe ratio briefly dips below -20, extreme pessimism may signal bottom building
CryptoQuant analyst Darkfost pointed out that Bitcoin's Sharpe ratio has once again hit extreme negative territory, dipping below -20 before rebounding slightly. The Sharpe ratio measures the relationship between investment risk and return; a negative value implies higher risk relative to current returns, consistent with Bitcoin's third consecutive quarterly decline (latest quarterly drop of 16.1%). Historically, such extreme pessimism periods tend to last weeks to months and correspond to a new bottom-building phase, followed by a price relaunch. The analyst said the data suggests we are approaching this phase, but cautioned that this is a long-term timeframe observation.
Coinbase prediction market AI alert falsely reports World Cup result before match, sparking user criticism
Last weekend, an AI alert on the Coinbase prediction market erroneously announced a World Cup match result, pushing a false score of Norway 3-2 Brazil before the match even started, sparking user criticism. Coinbase CEO Brian Armstrong responded that the team is investigating the matter. The error occurred amid Coinbase's heavy promotion of prediction markets as the "ultimate truth tool"; Armstrong once said, "When real money is involved, the results are far more reliable than traditional media." Coinbase has previously sparked controversy over AI coding tools and push notification targeting errors, and this incident again raises questions about AI safety guarantees in financial products.
Meme coins' share of altcoin market cap falls to 3.7%, lowest since February 2024
CryptoQuant data shows that Meme coins' share of altcoin market cap has fallen to 3.7%, the lowest level since February 2024, while the number of holders also hit a three-year low. This ratio exceeded 10% in November 2024 and has since continuously retreated. Capital is flowing from Meme coins into utility tokens such as AI, RWA and DeFi. The total market cap of Meme coins is about $28 billion, while RWA tokens have exceeded $64 billion. Dogecoin remains the largest Meme coin, with a market cap of about $12.1 billion, accounting for nearly half of the entire sector. Renowned Meme coin advocate Murad Mahmudov has held his Meme coin portfolio for over two years without selling since his Token2049 speech in 2024, but it has fallen about 81% from its peak. Political Meme coins have plunged even deeper; the TRUMP token has fallen from $73 to around $1.71, a drop of about 98%, and MELANIA is down about 99%.
New York Times: Nearly one million TRUMP meme coin investors accumulated $3.81 billion in losses by end of June
Data from crypto analytics firm Nansen shows that nearly one million TRUMP Meme coin investors accumulated losses of $3.81 billion by the end of June, with approximately 989,000 wallets in a losing position, accounting for about two-thirds of total buyers. The token has now fallen 97% from its peak. Meanwhile, about 500,000 wallets profited from the TRUMP token, totaling about $4 billion. The Nansen report noted that these profits "reflect a small number of early buyers reaping huge gains, while the vast majority of retail investors bore the losses." Trump himself profited $636 million from the meme coin, with total 2025 earnings from all his business ventures reaching at least $2.2 billion.
"Garrett Jin whale entity" increases ZEC short position to $15.08 million, with unrealized loss of $530,000
The "Garrett Jin whale entity" added to its ZEC short position an hour ago, nine days after opening the initial short. It currently holds a ZEC short position worth $15.08 million, with an average entry price of $444 and an unrealized loss of $530,000. Its two previous ZEC trades were profitable: the first, in late May, opened a $36 million ZEC short at $626 and closed with an $11.24 million profit after a crash triggered by a ZEC vulnerability incident; the second opened a $22 million ZEC long position at $439 and closed at $447 for a $420,000 profit. Additionally, the unrealized loss on its BTC long position has narrowed from $23 million to $16 million following BTC's recent rebound of more than $5,000.
New wallet withdraws 323.72 BTC worth $20.59 million from Binance in the past hour
A newly created wallet withdrew 323.72 BTC worth $20.59 million from Binance in the past hour.
Address swaps $2.01M worth of ETH for only $14,000 in LIT, losing nearly $2 million
An address swapped 1,126.44 ETH (approximately $2.01 million) for only 5,776 LIT (about $14,208), losing nearly $2 million.
EthLabs: Advancing recruitment, funding, and zk-based asynchronous cross-chain interoperability
Ethereum ecosystem research organization EthLabs posted that Ethlabs has entered its second week of launch and is advancing team recruitment and fundraising. The team plans to expand to about 10 people in the near term and about 20 in the mid-term, having received over 300 applications. On the fundraising side, it has received initial support from Bitmine, Sharplink and Joseph Lubin and is seeking 1-2 additional anchor funders. Technically, Ethlabs is accelerating zk-based asynchronous cross-chain interoperability, believing that more secure cross-chain bridges will give issuers confidence to widely distribute assets across the network, while also keeping an eye on the Fast Confirmation Rule's improvement of L1-to-L2 link latency. Additionally, the team is discussing PropAMM execution optimization on L1 with multiple teams and monitoring governance dynamics around ENS as a key Ethereum infrastructure.
Clarity Act fails to be signed by July 4, Senate recess on August 7 becomes key deadline
<markdown> The Clarity Act failed to be signed into law by July 4, but all sides remain optimistic about its passage this year. Behind the scenes, staffers are coordinating differences between the versions from the Senate Agriculture Committee and the Senate Banking Committee, and Senate leadership still needs to decide when to bring the bill to a floor vote. The main obstacle remains concentrated on the ethics provisions. Trump's financial disclosure shows he earned approximately $1.4 billion in profits from the crypto industry in 2025, giving Democrats a basis to push the ethics provisions, but this has not changed the nature of the negotiations — Senators Gallego and Alsobrooks have already made clear they will not support the bill's passage until an agreement is reached to restrict government officials from profiting off crypto. In addition, the Supreme Court's ruling that the president may freely fire commissioners of independent agencies has added another variable. In terms of the time window, a key date is before the Senate recess on August 7, while the House faces procedural paralysis and uncertainty remains over whether Trump would sign the bill. </markdown>
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
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Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
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DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
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JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
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South Korea is pushing forward civil enforcement rules for virtual assets, with plans to allow courts to seize and liquidate crypto assets.
South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.
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Garret Jin increases his short position on ZEC, with the position valued at $14.9 million.
According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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.
Bitcoin as the Base Layer of Global FinanceMichael Saylor (@saylor), Executive Chairman of Strategy, is making the case that $BTC has crossed a threshold in how the world understands it. It is no longer a speculative token or a simple payments network. In his view, Bitcoin is now recognised as scarce, durable and portable capital, a neutral global asset around which credit, commerce and financial infrastructure will organise.
The argument is deliberately structural. Saylor says Bitcoin evolves by changing less at the protocol layer while becoming more important everywhere else, separating it from technology companies, payment networks and software platforms built around constant upgrades. The base layer, he contends, is the final court of settlement. Innovation moves up the stack, into wallets, custody systems and layered financial products, not into the protocol itself.
His thesis shifts adoption away from simple ownership and toward institutions using $BTC as capital. Balance sheets, collateral systems, lending markets, reserves and structured products become part of the story, with consumer payments, digital banking and yield-bearing instruments developing around Bitcoin rather than replacing it.
Institutional Flows Replacing the Retail CycleSaylor's broader point is that Bitcoin has outgrown the four-year halving narrative that defined earlier cycles. ETF demand, corporate treasury buying and sovereign reserve accumulation are now the primary drivers of price, with the halving still tightening supply at the margin but no longer setting the pace alone.
The institutional shift is already visible in the data. Corporate Bitcoin holdings reached a record in early 2026, with institutions buying at 2.8 times the new mining supply, led by ETFs and major corporate treasuries. US spot Bitcoin ETFs held a total of 1.32 million BTC as of April 2026, valued at over $103 billion and representing approximately 6.3 to 7 percent of the total circulating supply.
Saylor said 2026 is the year Bitcoin emerged as the consensus global digital capital, adding that no one really disputes that anymore. He points to a maturing credit layer as the next phase, describing a three-part structure he called a "holy trinity" of capital, credit and money. Bitcoin-backed digital credit has grown from effectively zero a year ago to more than $11 billion today.
For Saylor, the risks in this system do not sit with Bitcoin itself. The larger risk lies in the financial system built around it. If digital credit stays anchored to real Bitcoin, adoption could deepen across global finance. If paper claims outpace reserves, the risk comes from institutions, not Bitcoin itself.
Sources
Bitcoin.com News: Michael Saylor Sees Bitcoin Adoption Entering a Bigger Game
Bitcoin Magazine: Corporate Bitcoin Holdings Hit Record High
Crypto Times: Saylor Says 2026 Marks Bitcoin's Shift to Global Digital Capital
Bitcoin (BTC) steadies above $63,000 at press time on Monday following a five-day recovery stretch last week, totaling roughly 7% gains. Easing risk-off sentiment in the broader market supports the mild recovery in action, with Pump.fun (PUMP) and Hyperliquid (HYPE) leading gains over the last 24 hours.
Crypto market sentiment regains strengthThe broader crypto market sentiment shows a mild recovery, with Bitcoin’s rebound from $60,000 last week. US Federal Reserve Chairman Kevin Warsh said inflation risk had eased last week, citing the ongoing ceasefire and improved transit through the Strait of Hormuz. CoinMarketCap’s Fear and Greed Index rises to 29 on Monday, up from 17 last week, indicating risk-off sentiment easing from “Extreme Fear” to “Fear.”
Fear and Greed Index. Source: CoinMarketCapBitcoin’s recovery approaches 50-day EMABitcoin hovers above $63,000 at press time on Monday, with a mild near-term bullish bias emerging after five consecutive days of recovery. The King Crypto approaches the 50-day Exponential Moving Average (EMA) at roughly $65,766, which is well under the 200-day EMA near $75,717.
From a technical perspective, BTC should clear the 50-day EMA at $65,766 for a sustained upward trend, targeting the previous swing high at $67,292, followed by the $70,000 round figure.
The Relative Strength Index (RSI) at 51 hovers slightly above the neutral midline, and the Moving Average Convergence Divergence (MACD) is rising above its signal line, suggesting mild upside momentum but not yet sufficient to overcome the prevailing overhead supply.
BTC/USDT daily price chart.On the downside, immediate support is seen at the horizontal floor around $60,000, where a break would likely expose further weakness and deepen the current corrective phase.
Renewed uptrend in PUMP nears 100-day EMAPump.fun extends gains on Monday after gaining roughly 5% the previous day. The token launchpad token rises above the 50-day EMA at $0.001570, targeting the immediate 100-day EMA at $0.001728.
PUMP holds above the 50% retracement level, measured over the recent downswing from $0.002252 to $0.001151, at $0.001610. A decisive close above $0.001728 could extend the recovery to the 78.6% Fibonacci retracement level at $0.001951.
A steady recovery in the MACD and signal line with an expanding positive histogram suggests a surge in buying pressure.
PUMP/USDT daily price chart.On the downside, immediate support clusters between the 50-day EMA at $0.001570 and the 50% retracement level at $0.001610, followed by secondary floors at $0.001349 and $0.001151 if selling pressure resumes.
Hyperliquid tests a triangle pattern breakoutHyperliquid hovers above $70 on Monday, edging higher after 2% gains the previous day. The recovery tests a near-term resistance trendline, where a decisive close above it would confirm a bullish breakout of a symmetrical triangle pattern.
The R1 Pivot Point at $77.12 would serve as an initial target, followed by the R2 Pivot Point at $89.18.
The MACD histogram has turned positive and is expanding as the average lines rise following a bullish crossover on Saturday, suggesting buyers retain control.
HYPE/USDT daily price chart.On the downside, immediate support is located at the center Pivot Point at $64.89, near the rising support trendline around $65.00.
(The technical analysis of this story was written with the help of an AI tool.)
TL;DR Bitcoin whale inflows to Binance have dropped 34% since June 12, outpacing the decline in retail deposits. Retail inflows fell 18%, highlighting a slower pullback among smaller investors. The widening gap between whale and retail inflows suggests reduced exchange activity from large BTC holders. Lower whale deposits could ease potential selling pressure if the trend continues. Bitcoin whale activity on Binance has slowed considerably over the past few weeks, with new on-chain data showing that large holders are moving significantly less BTC to the exchange than they were in mid-June. The decline has outpaced the slowdown in retail deposits, suggesting a shift in how different investor groups are positioning themselves.
Data from CryptoQuant shows the 30-day rolling value of Bitcoin whale inflows to Binance fell from approximately $7.04 billion on June 12 to $4.65 billion by July 6, representing a decline of about $2.39 billion, or 34%.
Whale Exchange flow Data | Source: CryptoQuant Whale Exchange flow Data | Source: CryptoQuant
Retail investors also reduced their exchange deposits during the same period, although at a much slower pace. Retail inflows declined from roughly $10.02 billion to $8.20 billion, a drop of $1.82 billion, or around 18%.
The sharper contraction among whales means large holders have pulled back from sending Bitcoin to Binance at nearly twice the rate of smaller investors.
Bitcoin Whale Activity Slows Faster Than Retail The difference between whale and retail behavior has become increasingly noticeable over the past month.
While retail investors continue to account for the larger share of exchange inflows, the gap between the two groups has widened. The difference grew from approximately $2.98 billion in mid-June to around $3.55 billion by early July, highlighting the faster retreat in whale transfers.
Exchange inflows are closely monitored because they often indicate that investors are preparing to trade or liquidate assets. Although transferring Bitcoin to an exchange does not automatically mean a sale is imminent, reduced inflows from whales generally imply that fewer large holders are positioning coins for potential selling.
That could translate into lower exchange-side selling pressure, especially if whales continue keeping their holdings in self-custody or other long-term storage solutions rather than moving them onto trading platforms.
The latest figures also align with a broader trend seen throughout this market cycle, where institutional and long-term investors have increasingly favored holding strategies instead of actively rotating large amounts of Bitcoin through exchanges.
Market Watches Whether the Trend Continues The next key question is whether whale inflows have simply paused or whether the decline marks the beginning of a more sustained trend.
If whale deposits remain around the current $4.65 billion level or fall even further, it would reinforce the view that large Bitcoin holders are becoming less active on Binance relative to retail participants. Such a development could reduce one potential source of short-term market supply.
On the other hand, a renewed increase in whale inflows would likely signal that major investors are once again moving funds closer to trading venues, something traders often watch for signs of changing market sentiment.
For now, the data suggests that while retail investors continue using Binance at relatively steady levels, Bitcoin whales have become noticeably more cautious in transferring assets to the exchange. Whether that reflects growing confidence in holding BTC over the longer term or simply a temporary pause remains one of the key on-chain trends to watch in the weeks ahead.
There are no major market-shaking reports due this week, which is largely dominated by more labor market data.
Crypto markets have had a positive weekend, holding on to and marginally improving gains made late last week.
The next seven days will see the release of the Federal Reserve’s minutes from its last meeting, which could shed more light on the direction of monetary policy as inflation continues to climb.
Meanwhile, the US stock market capitalization topped $80 trillion, setting a new record, and now accounts for around 48% of global market cap.
“We expect another volatile week ahead as markets brace for earnings season,” said the Kobeissi Letter.
Economic Events July 6 to 10 June S&P Global Services purchasing managers’ index (PMI) data is due on Monday, painting a broader picture of economic activity. This report is followed on Tuesday by ADP Employment Change data.
Wednesday will see the FOMC minutes, the first for new Chairman Kevin Warsh. The central bank held rates steady, but inflationary pressures from higher energy prices could prompt it to raise them.
“I think it’s going to be interesting to see how the discussion went around the table, how incrementally hawkish are they leaning,” said Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments.
“That’s what investors and markets are going to be wondering: What is this new Fed chairman and updated (Fed policymaking body) looking for to decide the path of rates from here?”
Initial Jobless Claims data is due on Thursday, while full-time employment dropped by 514,000 in June to its lowest since December 2024. “The weakness in the US labor market is accelerating,” said Kobeissi.
You may also like: June 2026 Market Recap: Bitcoin Hits 2-Year Low as ETFs Bleed $8.9B Bitcoin (BTC) Flashes 3 Bullish Signals: $65K Incoming? Bitcoin Reclaims $60K as SOL, BCH Lead Alts Higher (Market Watch) Key Events This Week:
1. June S&P Global Services PMI data – Monday
2. ADP Employment Change data – Tuesday
3. Fed Meeting Minutes – Wednesday
4. Initial Jobless Claims data – Thursday
5. June Existing Home Sales data – Thursday
6. IEA Monthly Report – Friday
We are one…
— The Kobeissi Letter (@KobeissiLetter) July 5, 2026
Also this week, SpaceX (SPCX) is set to join the Nasdaq 100 index, and another quarterly earnings season will begin this month.
Crypto Market Outlook Crypto markets are holding gains this Monday morning in Asia, with total capitalization up 1.1% on the day to $2.26 trillion.
Bitcoin is leading the pack with a 2.7% gain over the weekend to reach $63,700 on Monday morning, its highest level for two weeks after its worst month for four years.
Ether prices did even better, with a 14% gain over the past week, closing in on $1,800 in early trading on Monday.
Altcoins were predominantly green at the time of writing, with Hyperliquid and Canton outperforming.
Bitcoin price reclaimed the $63,500 area after volatile trade, keeping the short-term structure constructive while $65,700 stays the next upside test. Spot Bitcoin ETFs pulled in fresh demand after a long outflow streak, giving buyers a stronger institutional signal after June’s weakness. Weak U.S. labor data cooled rate-hike fears, helping BTCUSD as Treasury yields eased and traders moved back into selected risk assets. A break below $63,500 could shift attention toward $61,000, while sustained support may force more short-covering near resistance. Bitcoin price traded near $63,173 on Monday after a volatile session around the reclaimed $63,500 area. BTCUSD moved between $62,468 and $63,874, showing fast movement around a key support zone.
The move followed weaker U.S. labor data, renewed spot Bitcoin ETF inflows, and short liquidations near $62,000. Traders are now watching whether Bitcoin can hold $63,500 and retest $65,700, where the last major rejection developed.
Bitcoin Price Holds Key Support After ETF Inflows Return Bitcoin price action improved after U.S.-listed spot Bitcoin ETFs posted $221.7 million in net inflows. The daily intake ended a 10-day outflow streak and marked the strongest inflow in about two months. That shift mattered as June had damaged sentiment across institutional crypto products.
The inflow also arrived as Bitcoin reclaimed the $63,500 zone. Analyst That Martini Guy says the first rejection at that level looked normal. He added that prior resistance rarely breaks on the first attempt.
Bitcoin just got rejected at the first test of $63,500.
That's completely normal.
Previous resistance doesn't usually break on the first attempt.
The important part is that Bitcoin has reclaimed $63,500 as support after spending weeks below it.
As long as we continue holding… pic.twitter.com/lyJp4PcBEU
— That Martini Guy ₿ (@MartiniGuyYT) July 6, 2026
The technical setup now depends on whether buyers defend the area. Holding $63,500 keeps the short-term structure constructive. A clean push above it could put $65,700 back in focus.
A loss of $63,500 would weaken the rebound. The next downside area sits near $61,000, based on the analyst’s chart view. That level would show whether recent buying was durable or only a relief move.
Spot demand and derivatives flows also shaped the rally. Short sellers were exposed after Bitcoin moved above $62,000. Forced buybacks then added speed to the recovery and lifted BTC through crowded intraday levels.
The setup is still fragile. Bitcoin price has recovered support, but it has not cleared the last rejection zone. Buyers need steady volume and follow-through before the move looks more durable.
Fed Minutes And Labor Data Put BTCUSD Traders On Alert Bitcoin price also gained support from softer U.S. labor data. June nonfarm payrolls rose by only 57,000, below expectations for 110,000. May job gains were revised lower, while the unemployment rate fell to 4.2% as labor force participation dropped.
That report lowered fears of a near-term Federal Reserve rate hike. Treasury yields eased, the dollar softened, and risk appetite improved. Lower yields often help non-yielding assets, including Bitcoin and gold.
This week brings more macro risk for BTCUSD traders. The Federal Reserve will release minutes from its June meeting on Wednesday. The minutes could show how officials judged inflation risks under new Chair Kevin Warsh.
Investors will also monitor services PMI, ADP employment data, and jobless claims. These numbers may shape rate expectations before earnings season starts. A stronger inflation or labor signal could pressure the Bitcoin price again.
For now, traders are weighing two opposing forces. ETF inflows and reclaimed support favor another test higher. Yet June’s heavy outflows, weak liquidity, and regulatory pressure in Europe still limit conviction.
Bitcoin price needs sustained spot demand to extend the recovery. A hold above $63,500 keeps $65,700 in play. Failure there could reopen the $61,000 area as traders reassess leverage and macro risk.
In recent weeks, the volume of assets transferred by major Bitcoin holders to Binance has dropped sharply. On-chain data reveals that wallets commonly referred to as “whales” sent significantly fewer BTC to the exchange compared to mid-June, while inflows from smaller investors also declined, though to a lesser extent.
Whale deposits decelerateAccording to analytics platform CryptoQuant, the 30-day moving sum of Bitcoin whale inflows to Binance stood at approximately $7.04 billion on June 12. By July 6, this figure had declined to $4.65 billion, marking a reduction of $2.39 billion, or 34%. CryptoQuant specializes in monitoring on-chain metrics and exchange flows within the digital asset sector.
Mini glossary: On-chain data refers to metrics obtained directly from recorded transactions on the blockchain. Exchange inflow data tracks the amount of assets moved from personal wallets to trading platforms.
Individual investors also sent fewer Bitcoins to Binance over the same period. Retail inflows fell from $10.02 billion to $8.20 billion, representing a decrease of $1.82 billion, or around 18%.
CategoryJune 12July 6ChangeWhale inflows$7.04 billion$4.65 billion-34%Retail inflows$10.02 billion$8.20 billion-18%The decrease in the rate of Bitcoin transfers to Binance by large wallets points to a sharper pullback among whales compared with smaller investors.
The gap between investor groups widensOver the last month, the behavioral gap between whales and retail investors has become more pronounced. Retail traders maintained a larger share of total exchange inflows, with the difference between groups widening from $2.98 billion in mid-June to $3.55 billion at the start of July.
Transfers of crypto assets to exchanges are closely watched as a sign of whether investors are preparing to trade or possibly sell. While moving assets to an exchange does not automatically signal an intent to sell, the decline in whale inflows could indicate that major holders are preparing less actively for potential sales.
A reduction in the amount of Bitcoin sent to exchanges, particularly by major holders, is seen as a signal that near-term selling pressure may ease.
Market awaits further signalsThe main question in the coming period is whether this downturn reflects a temporary pause or the start of a more lasting trend. If whale inflows remain near $4.65 billion or fall further, it may reinforce the assessment that large Bitcoin holders are taking a more passive stance on Binance.
Conversely, any renewed uptick in whale deposits would suggest that big investors are again positioning their assets closer to trading platforms. Such shifts are tracked as potential indicators of changing market sentiment.
Current data suggests individual investors continue to use Binance relatively steadily, while major Bitcoin holders have become more cautious in transferring their assets. This could point to either a growing preference for long term holding or a short term period of waiting and observation.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Here are the next major obstacles on BTC's path forward.
The gradual price recovery that began in early July continued over the past 12 hours or so, as bitcoin jumped to $64,000 for the first time in almost two weeks.
Although it was stopped there for now, analysts seem more confident that the overall market environment has improved and outlined the cryptocurrency’s next big resistance lines.
What’s Next? It was less than a week ago, on July 1, when the largest digital asset slipped below $58,000 for the first time in nearly two years as the bear-dominated price moves continued to dominate. However, after losing roughly $25,000 in a month and a half, the bulls finally reemerged and halted the freefall.
Bitcoin rebounded in the following days, which culminated earlier this morning with a jump to $64,000 on most exchanges. This $6,000 increase in days meant that BTC had tapped its highest price tag since June 23.
Michaël van de Poppe weighed in on the asset’s performance over the weekend, calling it “solid price action.” He believes bitcoin needs to paint a higher low and reassured that even another correction to $59,000 would be considered mild and weak at this point. However, BTC’s breakout could begin if it maintains above $61,000-$61,500, which could open the door for a run toward $70,000.
Merlijn The Trader outlined $67,000 as the most crucial level for BTC. He explained that the cryptocurrency needs to decisively reclaim it, which would solidify the escape from its bear market phase. If reclaimed, the analyst said he will turn bullish as the trend will flip. However, another rejection there would probably mean more downside first.
One Bitcoin level separates the bear market from the reversal: $67K.
A bullish falling wedge is pressing against resistance right now.
Break and close above: I turn bullish. The trend flips.
Rejection: more downside first and I’ll say it just as loud.
No guessing. No hoping.… pic.twitter.com/qMlVw3yYAE
— Merlijn The Trader (@MerlijnTrader) July 5, 2026
You may also like: June 2026 Market Recap: Bitcoin Hits 2-Year Low as ETFs Bleed $8.9B Bitcoin (BTC) Flashes 3 Bullish Signals: $65K Incoming? Bitcoin Reclaims $60K as SOL, BCH Lead Alts Higher (Market Watch) Fear and Greed Index Improves The metric measuring the overall market sentiment toward BTC dropped hard over the past few weeks alongside the asset’s price. It dumped to ‘extreme fear’ levels of around 11 on July 1 when the cryptocurrency bottomed (for now) at $57,700.
However, it has followed bitcoin’s gradual price recovery and now sits at 24. Although fear continues to dominate investors’ feelings, the swift rebound highlights early signs of potential market reversal, as the metric hasn’t been at 24 or above in over a month.
Bitcoin Fear and Greed Index. Source: Alternative.me Tags:
Bitcoin (BTC) spot ETFs pulled in $221.7 million on July 2, their first positive day in 10 sessions, catching up to a wave of whale buying that had built since late June.
That single green day came after weeks of institutional selling drained roughly $2.7 billion from the funds. On-chain buyers, meanwhile, had been absorbing that supply all along.
Whales Bought While Institutions SoldLarge holders started the move well before Wall Street did. CryptoQuant’s Spot Average Order Size, a metric that tracks the typical size of spot trades to flag when big players dominate, shows large whale orders arriving every single day since June 30.
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That buying carried on through July 5, when one tracked order reached about 857 BTC near $63,600. Across the stretch, big orders, not retail trades, drove the reading higher. As the Bitcoin price is up almost 7% over the past week, it would be safe to assume that the whale orders were buy-focused.
Bitcoin Spot Order Size: CryptoQuantThe metric climbs when a few large trades outweigh many small ones. Here it points to deep-pocketed buyers setting the pace while the retail crowd stayed quiet.
The steady flow points to conviction and also echoes earlier phases when whales hit yearly highs while smaller buyers stepped back.
ETFs Finally Took the Whales’ CueInstitutions spent 10 straight sessions pulling money out. SoSoValue data shows US spot Bitcoin ETFs bled about $2.7 billion before July 2, when the $221.72 million inflow snapped the outflow streak.
Wall Street heavyweights like Fidelity’s FBTC led the return with $165.96 million, and ARKB added $91.84 million. BlackRock’s IBIT, the largest fund, still saw $40.43 million leave.
Bitcoin Spot ETF Flow: SoSoValueThe turn arrived a day after weak June payrolls of 57,000 jobs cooled the odds of another rate hike. Even so, June ranked as the worst month on record for the funds, and year-to-date flows stay negative near $5.4 billion.
BREAKING: The US economy adds 57,000 jobs in June, well below expectations of 114,000.
The unemployment rate fell to 4.2%, below expectations of 4.3%.
May's jobs number was also revised down by -43,000 jobs.
The labor market remains in a volatile situation.
— The Kobeissi Letter (@KobeissiLetter) July 2, 2026 One green session does not erase that damage. Still, the pattern of whales feasting on supply while funds sold has shown up near past cycle lows, and July 2 hints the two sides may be moving together again.
On-Chain Data Leaves Bitcoin Price a Thin CeilingBoth groups could now be watching the same on-chain map. Glassnode’s UTXO Realized Price Distribution, or URPD, plots the price levels where the current bitcoin supply last changed hands, marking where clusters of coins are held.
Those clusters matter because holders who bought at a level often sell into a bounce to exit near breakeven. Where few coins changed hands, that selling pressure thins out.
The map shows light cover just overhead. Only about 0.72% of supply last moved near $64,373, one of the smallest bands on the chart, so little stands in the way there.
Bitcoin URPD On-Chain Distribution And Resistance: GlassnodeBelow the market, the walls are thicker. Roughly 2.09% of supply sits around $61,849 and about 2.13% around $60,587, zones where large amounts of coins were bought and where these on-chain bottom signals tend to firm up support.
In plain terms, the path higher meets less supply than the floor below. That layout does not promise a move, but it shows where buyers and sellers last drew their lines.
Bitcoin URPD On-Chain Distribution: GlassnodeFor now, whales and institutions are possibly reading the same chart from the same side. Whether that thin band overhead gives way as easily as the structure suggests may define the days ahead.
Bitcoin traded around $63,173 on the first business day of the week after a volatile session. The leading cryptocurrency fluctuated between $62,468 and $63,874 throughout the day, with the $63,500 zone drawing particular attention for its short-term significance. Market participants are now watching closely to see if this support will hold and whether the price can regain momentum towards $65,700.
ETF Inflows Bolster Short-Term OutlookSpot Bitcoin ETFs listed in the US recorded a net daily inflow of $221.7 million, snapping a 10-day streak of outflows and marking the strongest daily inflow seen in nearly two months. With June’s weak performance pressuring institutional sentiment, this shift stood out as a notable change for the market and suggested renewed investor interest.
Glossary: A spot Bitcoin ETF is an investment fund that tracks the actual price of Bitcoin and is traded on traditional stock exchanges. These products allow institutional and individual investors to gain exposure to Bitcoin prices without having to hold the underlying cryptocurrency directly.
Bitcoin’s movement back above the $63,500 mark coincided with these new ETF inflows. The analyst known as That Martini Guy remarked that an initial pullback from this region should be seen as typical; in markets, previous resistances are rarely overcome on the first attempt.
That Martini Guy emphasized that the critical development was Bitcoin reclaiming $63,500 as a support level after several weeks, and maintained that as long as this support holds, a continued attempt at an upward move remains possible.
The short-term technical picture remains closely tied to whether buyers can defend this region. Consistent price action above $63,500 could put $65,700 back in focus, while a loss of support might trigger a retest of the $61,000 zone.
Short Covering Fuels Upward MomentumNot just spot market demand, but derivatives activity also played a role in Bitcoin’s climb. As the price pushed above $62,000, some investors holding short positions were forced to cover, amplifying the speed of the intraday rebound through mandatory purchases.
Nevertheless, the overall picture remains fragile. While Bitcoin has reclaimed a key support area, the strong resistance that turned away the last rally has yet to be broken. A lasting recovery will require stability in trading volumes and sustained buying activity.
Holding above $63,500 reinforces the short-term structure. However, unless the resistance near $65,700 is convincingly surpassed, it is too early to call the move a firm turnaround.
US Data Eases Rate Hike ExpectationsA further factor supporting Bitcoin came from the latest US economic data. Non-farm payrolls in June rose by 57,000, well below the 110,000 forecast. The prior month’s figures were revised downward, and the unemployment rate dipped to 4.2% amid a decline in labor force participation.
This set of data eased concerns that the Federal Reserve would raise interest rates in the near term. Yields on US bonds fell and the dollar weakened, providing a backdrop that encouraged appetite for risk assets. Bitcoin, as a non-yielding asset, benefited from this environment.
Focus Shifts to Fed Minutes and US ReportsLooking ahead, forthcoming data releases could also influence market pricing. Investors will be watching for the Federal Reserve’s June meeting minutes on Wednesday. Other key data points include the services sector PMI, the ADP employment report, and weekly jobless claims, all of which could shape interest rate expectations.
Currently, the market is balancing two opposing dynamics. The renewed ETF inflows and Bitcoin’s recovery of the $63,500 support provide fuel for potential upside, while June’s heavy outflows, limited liquidity, and increased regulatory pressure in Europe encourage ongoing caution. Maintaining levels above $63,500 puts $65,700 within reach, but a downward break puts the $61,000 area back in play.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
On Sunday, July 5, 2026, XRP witnessed a decline on the daily chart, prompting market participants to focus on key support zones highlighted in the weekly outlook and to track fresh technical signals. Experts say the token is at a major decision point after a period of tightening displayed by the Super Guppy indicator.
A crucial range stands out in the technical outlookAt the time of writing, XRP is trading at $1.13. In the past 24 hours, the cryptocurrency lost 3.21% of its value, while its trading volume has dropped to $1.14 billion. According to CoinMarketCap data, this signals a dramatic 43.3% decrease in daily volume. Despite this, XRP’s seven-day gain stands at 8.75%. The asset is known for its central role in the Ripple ecosystem, widely used in cross-border payments.
Egrag Crypto, a closely-followed market analyst, suggests that XRP may be preparing for a new phase of expansion. He notes that on the weekly chart, the Super Guppy indicator has shifted from a strong green expansion mode to a mixed, gray compression zone, signifying that momentum is fading and the market is entering a more cautious phase.
Egrag Crypto emphasizes that if the $0.80 to $1.10 range holds, the current market structure remains valid, but a breakdown below this band would significantly damage the overall picture.
According to the analyst, the $0.80 to $1.10 band is at the core of the current structure. As long as XRP trades within this range, the technical framework is considered intact. For an upward scenario, XRP needs to maintain support, recover above the red moving average zone, and see the Guppy indicator return to a green expansion phase.
If a new expansion signal emerges, Egrag Crypto sees possible targets at $3.59, then between $6.73 and $9.17, $16.36, and potentially as high as $53.86 in an extended price cycle.
The $1.20 level is key for reducing riskMeanwhile, another analyst, ChartNerd, highlights a different signal on the weekly chart which supports a bearish view. According to him, XRP is close to a “death cross” between the 20-week exponential moving average and the 200-week simple moving average—historically a pattern seen during downturn phases.
ChartNerd points out that the 200-week simple moving average now sits at the $1.20 level. Should the price reclaim this region, it could act as a ceiling for supply and would be a crucial sign that downside risk is easing.
Recalling previous cases, ChartNerd notes that after a death cross in 2022, XRP hit a bottom within one week, while in the 2018–2020 cycle, bottom formation took six months to play out.
The analyst interprets historical patterns as indicating that, within a cycle stretching from June through the end of 2026, XRP could set a low somewhere around $0.90 or $0.70. Nevertheless, in the short term, the $1 level remains closely watched as a potential local bottom.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Coinbase faced sharp criticism this weekend after an AI-generated alert on its prediction markets reportedly declared a false World Cup result, saying Norway had beaten Brazil before the match was played.
The notification claimed Norway won 3-2, with striker Erling Haaland scoring twice, and framed the fabricated outcome as breaking news. Users flagged the alert on social media, where critics called it dangerous and irresponsible.
Coinbase AI Alert Draws Backlash Over Fake World Cup ResultUsers accuse Coinbase of hallucinating results for a game that had not started, delivering factually incorrect alerts to millions of customers.
this is what happens when a crypto company uses AI to generate sports prediction markets @coinbase is hallucinating results
for a World Cup game that hasn’t even been played yet and sending factually incorrect notifications to its millions of users as “breaking news”… pic.twitter.com/coD8xY2O0S
— jay (@jay_drainjr) July 5, 2026 The knockout-stage fixture was set for Sunday at MetLife Stadium in New Jersey. Coinbase’s own market page listed the match under a weather delay, so no result existed when the alert went out.
Coinbase Chief Executive Brian Armstrong responded within hours, acknowledging the reports publicly.
“Taking a look with the team – thx for reporting it,” Armstrong responded in his first public comment on the error.
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Incident Tests Coinbase’s Truth-Seeking PitchThe timing is awkward. Armstrong has promoted prediction markets as a reliable way to surface facts. He argues financial stakes produce better information than traditional media.
“Prediction markets are the ultimate form of truth seeking. When there’s skin in the game, the output is far more reliable,” Armstrong stated in January.
However, those words now sit beside an AI system that invented, or rather, “hallucinated” a result. Coinbase’s 2025 shareholder letter also calls being the “most trusted name in crypto” its core strategy.
That pitch has drawn scrutiny before. In late 2025, Armstrong read out words that traders had bet he would say on an earnings call. The move nudged a market tied to his own remarks.
“And I just want to add here the words Bitcoin, Ethereum, Blockchain, Staking, and Web3 to make sure we get those in before the end of the call,” Armstrong stated, blurting out the predicted words without any apparent context.
The mishap also lands as Coinbase leans hard into AI. Armstrong fired engineers in 2025 who refused to use new coding assistants.
He said in September that about 40% of daily code was AI-generated, with a target above 50%. The firm has since cut its AI costs while adding automated features.
~40% of daily code written at Coinbase is AI-generated. I want to get it to >50% by October.
Obviously it needs to be reviewed and understood, and not all areas of the business can use AI-generated code. But we should be using it responsibly as much as we possibly can. pic.twitter.com/Nmnsdxgosp
— Brian Armstrong (@brian_armstrong) September 3, 2025 Coinbase rolled out prediction markets across the US as part of its Everything Exchange. Early market flow was powered by Kalshi, a partner in the prediction market race.
The exchange has also fielded betting promotion concerns in its consumer app. In March, Armstrong addressed a separate targeting bug that pushed unwanted alerts.
“Looks like there was a bug on targeting for these push notifications – getting fixed now…The alternative is for us to apply a heavy hand and dictate what customers should or should not trade and I don’t think people want that either – too paternalistic, and anti free market,” he said.
Meanwhile, the error revives questions about AI safeguards in financial products used by millions.
The company will likely disable automated match alerts until it can verify outcomes. Past fixes suggest a patch and an apology could follow. Repeated failures, however, point to deeper product strain.
Coinbase and Armstrong did not immediately respond to BeInCrypto’s request for comment.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
1 seconds ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
1 seconds ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
1 seconds ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
1 seconds ago
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.
1 seconds 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.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
1 seconds ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
1 seconds ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
1 seconds ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
1 seconds ago
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.
1 seconds 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.
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.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) began the week on a constructive note after surging over 6%, 13% and 10% in the previous week. BTC holds steady around $63,500, ETH approaches a key technical resistance at $1,800, while XRP has broken above the upper boundary of a falling channel, strengthening the bullish outlook.
Bitcoin could extend gains if it closes above the $64,000 resistance zoneBitcoin price trades at $63,500 on Monday after surging over 6% in the previous week. BTC is maintaining a capped bias as price remains below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), all of which sit well above spot.
The immediate ceiling is the horizontal level around $64,004, with the 50-day EMA near $65,763 adding to overhead supply further up, while the longer-term 100-day and 200-day EMAs near $69,469 and $75,427 respectively, reinforce a broader bearish structure despite a modestly positive Relative Strength Index (RSI) around 51 and a firmly positive Moving Average Convergence Divergence (MACD), which hint at improving but still constrained momentum.
On the topside, a break above the nearby horizontal resistance at $64,004 would open the door toward the 50-day EMA at $65,763, followed by the 100-period EMA at $69,469 and the 200-day EMA at $75,427, before the more distant horizontal barrier around $84,410 comes into focus.
On the downside, the absence of clearly defined nearby supports in the provided data suggests that any renewed selling below $63,554 would rely on emerging price action and lower historical lows to attract dip-buying interest rather than on pre-identified structural floors.
Ethereum nears the 50-day EMAEthereum price trades at $1,784 on Monday, up over 13% in the previous week. ETH maintains a bearish bias as it remains below a stack of key EMAs. Price is capped first by the 50-day EMA near $1,806, with the 100-day EMA around $1,972 and the 200-day EMA near $2,241 reinforcing the broader overhead supply zone.
Momentum, however, is improving, with the RSI hovering near 57 and the MACD firmly positive, suggesting upside attempts may continue but will likely struggle while these EMAs remain intact above spot.
On the topside, immediate resistance is seen at the 50-day EMA around $1,806, followed by the 100-day EMA near $1,972 and the horizontal barrier at $2,000, before the longer-term 200-day EMA up toward $2,242.
On the downside, the nearest meaningful structural support is the horizontal level around $1,385, where buyers previously emerged, with any decline toward that zone likely to test the resolve of the nascent recovery despite the currently constructive momentum backdrop.
XRP closes above the upper boundary of the falling channelXRP trades at $1.148 on Monday after rallying over 10% and breaking above the upper boundary of the falling channel in the previous week. However, XRP maintains a broadly bearish configuration, with price holding below the 50-day, 100-day, and 200-day EMAs, clustered between roughly $1.180 and $1.500, keeping the medium-term trend capped despite a modest rebound from recent lows.
Momentum is improving, with the RSI hovering just above the 50 line and the MACD in positive territory, suggesting a corrective recovery within a still-dominant downside structure.
On the topside, immediate resistance aligns with the 50-day EMA near $1.183, followed by the 100-day EMA around $1.286 and the horizontal barrier at $1.300, with the 200-day EMA near $1.495 and the prior resistance line around $1.900 reinforcing a broader supply zone higher up.
On the downside, initial support emerges at the lower parallel-channel region around $1.110, where a break would expose further weakness, while holding above this area would allow buyers to keep testing the nearby moving-average ceiling.
(The technical analysis of this story was written with the help of an AI tool.)
Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.
A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.
Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.
Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.
Ethereum co-founder Vitalik Buterin has published a long-term development plan he calls "Lean Ethereum," outlining a sweeping set of protocol upgrades expected to roll out over the next three to four years. The plan, shared publicly via a draft known as the strawmap, touches nearly every layer of the network.
Quantum Resistance and Privacy Take Center Stage Buterin was direct about the urgency of one issue in particular. "Quantum safety has shifted up a LOT in priority," he said, adding that finalizing a quantum-safe solution for blobs has "become urgent." He also confirmed that quantum resistance has moved significantly higher on Ethereum's development priorities, with work on quantum-safe blob designs already underway for several months.
Privacy has become a first-class goal, not an afterthought, extending Buterin's broader privacy push. Rather than treating privacy as an application-layer feature, Buterin said future protocol upgrades will be designed with privacy built into their architecture. To support both goals, the roadmap explores RISC-V or leanISA virtual machine designs to support programmable privacy while maintaining scalability.
The roadmap also proposes integrating recursive STARKs, cryptographic proofs designed to verify computations efficiently, as a native verification component within the Ethereum protocol. Buterin calls Lean Ethereum the network's third major evolution after the Merge, with upgrades spanning three to four years and touching nearly every core part of the protocol.
Foundation Restructuring Adds Pressure on Delivery The roadmap arrives against a backdrop of significant organisational change at the Ethereum Foundation. The Foundation laid off 54 employees and announced a roughly 40% budget reduction, executing one of the most sweeping structural overhauls in the organisation's history. Vitalik Buterin framed the cuts as part of a deliberate shift to an endowment model, targeting a long-term annual spending rate of 5% of treasury assets by 2030, down from roughly 15% before this year.
Tomasz Stańczak stepped down as co-executive director in February, followed by co-executive director Hsiao-Wei Wang, bringing total senior departures since January to nine. Protocol coordinators Tim Beiko and Barnabé Monnot also left in May.
Some in the community have pushed back on the timeline. Researcher Dankrad Feist argued the three-to-four-year window is too slow and suggested AI could help developers ship the upgrades within a year, while crypto analyst Ignas Fiodorovas praised the plan but cast doubt on the Foundation's ability to deliver within the stated schedule, citing its history of missing deadlines. The strawmap is still a draft, not a confirmed schedule, but it signals clearly where Ethereum's core development priorities are headed for the remainder of the decade.
Sources:
BeInCrypto: Vitalik's Lean Ethereum Roadmap Draws Pushback on Its Timeline
Unchained Crypto: Ethereum Foundation Cuts 20% of Staff and 40% of Budget
CoinDesk: Ethereum Foundation Cuts 20% of Staff Amid Leadership Exodus
TL;DR Spot Bitcoin ETFs recorded $526.64 million in net outflows last week, extending their losing streak to eight consecutive weeks. Spot Ethereum ETFs also posted net outflows of $13.67 million, marking an eighth straight week of withdrawals. In contrast, SOL, XRP, and HYPE ETFs attracted fresh capital, with XRP ETFs leading weekly inflows. Analysts say ETF flows remain a key indicator of institutional sentiment as investors monitor Bitcoin’s next market direction. U.S. spot Bitcoin exchange-traded funds (ETFs) continued to face heavy selling pressure last week, recording $526.64 million in net outflows between June 29 and July 2. The latest withdrawals mark the eighth consecutive week of net outflows, the longest weekly redemption streak since spot Bitcoin ETFs began trading in the United States.
The trend reflects continued caution among institutional investors as Bitcoin struggles to regain momentum. According to SoSoValue data, total net assets across U.S. spot Bitcoin ETFs have fallen to approximately $74.37 billion, while Bitcoin traded near $61,500 during the reporting period, as shown in the accompanying chart. The sustained redemptions come after June became the worst month on record for spot Bitcoin ETFs, with roughly $4.5 billion leaving the products.
Spot Bitcoin ETFs See $527M Net Outflows Last Week, Extending Outflow Streak to 8 Weeks
From June 29 to July 2 (ET), spot Bitcoin ETFs saw $527 million in net outflows, marking the eighth consecutive week of outflows. Spot Ethereum ETFs recorded $13.67 million in net outflows,… pic.twitter.com/mqujUflCEl
— Wu Blockchain (@WuBlockchain) July 6, 2026
Spot Ethereum ETFs also remained under pressure, posting $13.67 million in net outflows over the same period. Like Bitcoin funds, Ethereum ETFs have now logged eight straight weeks of investor withdrawals, highlighting persistent risk-off sentiment across the two largest digital assets.
Altcoin ETFs Buck the Trend as SOL, XRP, and HYPE Attract Fresh Capital While Bitcoin and Ethereum products continued to lose assets, several newer crypto ETFs managed to attract fresh investment.
Spot Solana (SOL) ETFs recorded $5.75 million in weekly net inflows, while XRP ETFs brought in $17.19 million, making XRP the strongest performer among the major altcoin funds. Hyperliquid (HYPE) ETFs also remained in positive territory with $4.32 million in net inflows, although the figure represented a slowdown compared with previous weeks.
The divergence suggests that some investors are rotating capital into alternative digital assets rather than exiting the crypto ETF market entirely. Although Bitcoin remains the largest institutional investment vehicle in the sector, selective demand for altcoin-based products indicates that investors continue to seek exposure to projects they believe offer stronger upside potential.
Bitcoin ETFs Face Mounting Pressure Despite Brief Daily Recovery Despite the weak weekly performance, the reporting period ended with a small sign of stabilization. On July 2, U.S. spot Bitcoin ETFs recorded more than $221 million in daily net inflows, breaking a 10-session outflow streak. However, analysts caution that a single positive trading day is unlikely to reverse the broader trend after eight consecutive weeks of withdrawals.
Market observers attribute the prolonged outflows to a combination of macroeconomic uncertainty, higher interest-rate expectations, and reduced appetite for risk assets. Bitcoin has remained under pressure alongside broader financial markets, while institutional investors continue trimming exposure through ETF redemptions.
Going forward, ETF flows are expected to remain a closely watched indicator of institutional sentiment. A sustained return to net inflows could signal renewed confidence in Bitcoin, while continued withdrawals may reinforce expectations of subdued demand until broader market conditions improve.
Bitcoin is trading at $63,169 with a modest 0.73% gain over the past 24 hours, holding above the $63,000 level that has proven sticky through the early week. Ethereum trails slightly at $1,774.75, up 0.60% on the day, as both assets mark time after last week's rally off June lows.
The continued consolidation reflects cautious positioning heading into what has historically been a volatile period for risk assets. Bitcoin's market cap stands at $1.27 trillion, with 24-hour trading volume at $20.3 billion — respectable levels but far from breakout intensity. Ethereum's volume of $11.3 billion suggests traders are managing exposure rather than chasing directional conviction.
Last week's bounce from late June's capitulation appears to be holding, but neither asset has generated the kind of follow-through volume that would suggest a sustained breakout is underway. The recovery from June's 20% drawdown for Bitcoin established a higher low, but we remain well below the $70,000 level that would signal a meaningful reversal of medium-term weakness.
Macro conditions remain mixed. Friday's weak jobs report initially supported risk appetite, but the bid has been inconsistent as traders weigh competing narratives around Fed policy and inflation trajectory. Without clear directional catalysts, crypto is tracking broader risk sentiment rather than generating its own momentum.
The week ahead matters more than the data point of the day. Institutional traders returning from weekends have already factored in the jobs data. What moves Bitcoin and Ethereum from here is whether equity markets hold the post-data bounce or if macro volatility returns.
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.
Dogecoin’s price has once again reached a major long term support zone, a level that has historically marked cycle bottoms in recent years. This particular area has acted as a floor during significant market corrections over the past three years. Now, all eyes are on whether buyers can defend this level once more and potentially trigger a reversal.
Historic support area back in focusCrypto analyst Chiefrat notes that Dogecoin (DOGE) has fallen back to a macro-level support area considered critical for its price stability. This region became prominent as a bottoming zone during market downturns in 2022, 2023, and 2024, making it an important inflection point for traders closely monitoring DOGE’s price reaction.
At the time of reporting, DOGE was trading at $0.07744, with a 24-hour trading volume of $524.86 million and a market capitalization of $13.21 billion. Despite mostly flat price movement in the last 24 hours, the technical outlook continues to fuel expectations for a possible shift in trend.
Chiefrat emphasizes that Dogecoin has revisited a long term support zone that previously signaled market bottoms, leading many in the market to watch for early signs of a new upward move.
According to analysts, if DOGE manages to hold above this support, the first technical target lies at $0.28. Should the outlook improve further, a long-range scenario could see the price reach $0.45 by 2026. However, these levels remain potential targets rather than guaranteed outcomes, resting heavily on shifting technical signals.
On-chain activity sees notable uptickAnother analyst, Ali Charts, brings attention to the sharp increase in active addresses on the Dogecoin network. Data shows that the number of active wallet addresses is closing in on the 50,000 threshold, a sign many view as evidence of strengthening user engagement on-chain.
Mini glossary: An active address refers to a wallet address that has initiated a send or receive transaction within a specified period. Though this metric alone does not guarantee a price move, it is widely used to track changes in overall network activity.
The drivers behind this rise in active addresses remain unclear. However, it is interpreted by some as a sign of renewed investor interest. While participants see the increase in on-chain strength as a positive, experts caution that heightened activity does not necessarily translate into immediate price gains.
Ali Charts believes that the approaching 50,000 mark in active addresses signals a clear rebound in on-chain network strength for Dogecoin.
Next move hinges on support strengthDogecoin’s next major price direction will largely depend on whether the long-term support level remains intact. If the uptick in active wallets is accompanied by stronger buying, the price could attempt a move towards resistance zones. Conversely, a decisive break below support may intensify selling pressure on DOGE.
The ongoing balance in the market is also shaped by the flat performance of Bitcoin. Bitcoin’s current stability continues to play a defining role in steering short-term price action not only for Dogecoin, but also for the broader altcoin market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Leading cryptocurrency analyst Ali Martinez spotlighted a sharp spike in Dogecoin’s (CRYPTO: DOGE) on-chain activity on Saturday, suggesting increased volatility ahead.
A Breakout In The Works?In an X post, Martinez highlighted that active addresses have surged to nearly 50,000 since the start of July, referencing data from on-chain analytics firm Glassnode.
An active address is any unique wallet address that participates in at least one on-chain transaction within a given time period.
“Something is brewing,” the analyst said, signaling growing usage and interest.
Buy Or Sell?The Moving Average Convergence Divergence indicator, which compares the 12-period and the 26-period exponential moving averages, flashed a "Buy" signal for DOGE, according to TradingView.
To the contrary, the Bull Bear Power indicator, which measures the strength of buyers and sellers, flashed a “Sell” signal. The Relative Strength Index hovered in the “Neutral” territory.
Whales Increase Long ExposureInterest in DOGE from derivatives traders also strengthened. Long positions among Binance’s top traders—those in the top 20% by margin balance—rose sharply this week relative to short positions, according to Coinglass.
Additionally, DOGE’s open interest rose 7.6% over the week to top $1 billion, signaling an influx of new money in the speculative market
Price Action: At the time of writing, DOGE was exchanging hands at $0.07727, down 1.78% over the last 24 hours, according to data from Benzinga Pro. The memecoin has lost 34% of its value year-to-date.
Photo Courtesy:ihrinmoisuc on Shutterstock.com
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