Track market-moving stories before they get noisy

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With the introduction of Robinhood Chain, a new Layer-2 network created with Arbitrum technology, Cashcat (CASHCAT) has rapidly emerged as one of the most talked-about memecoins in the cryptocurrency space. Some traders are wondering if CASHCAT could become for Robinhood Chain what Shiba Inu became for Ethereum, given the token's quick ascent, increasing whale activity, and compelling story. 

The most recent catalyst was a wallet called 'Ansem-2,' which spent about $233,000 in a matter of hours to obtain 2.79 million CASHCAT tokens. The wallet is connected to a Solana address that is said to contain millions of dollars' worth of ANSEM tokens and has made significant profits from prior trades involving memes. It remains to be seen if this purchase will be successful, but it has certainly drawn attention. The SHIB comparison is not wholly irrational. 

The story, community involvement, and timing of Shiba Inu's rapid expansion were more important than its practicality. The ingredients in CASHCAT seem to be similar. With the official launch of Robinhood Chain on July 1, a completely new ecosystem without a well-known flagship memecoin was created. Traders have historically rushed to find the "native meme" of a new blockchain before it is widely adopted. Additionally, CASHCAT benefits from a well-known narrative. 

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The token has a stronger identity than the numerous animal-themed tokens that are introduced every week because it makes use of the "Cash Cat" lore connected to Robinhood's branding heritage. The arrangement has produced a potent speculative cycle when combined with high trading volume and growing social media attention. SHIB and CASHCAT, however, differ significantly. 

During one of the most exciting periods in cryptocurrency history, Shiba Inu first appeared and went on to develop a sizable community, ecosystem, and brand awareness. The main focus of CASHCAT is still the narrative trade associated with the Robinhood Chain hype. The fact that there is no formal connection between Robinhood and CASHCAT poses the greatest risk. Although the chain was started by Robinhood, the company has not endorsed the token. 

Furthermore, there are several CASHCAT tokens on various blockchains, which raises the possibility of traders purchasing the incorrect asset and causes confusion. One thing that SHIB had at the start makes CASHCAT a potential successor to SHIB. However, billion-dollar valuations are rarely sustained indefinitely by narratives alone.

Ethereum picks up momentumWhen compared to many other significant digital assets that are still struggling below crucial resistance levels, Ethereum is exhibiting what may be its strongest recovery attempt in months. While the broader market remains uncertain, ETH has managed to reclaim short-term momentum and is beginning to separate itself from weaker performers. On the daily chart, Ethereum recently bounced from the $1,500 region after a sharp sell-off in June. 

ETH has successfully recovered above its 50-day moving average and is currently challenging the 100-day EMA around the $1,800 level, in contrast to many other altcoins that were unable to maintain their gains. This is a significant difference. The majority of large-cap cryptocurrencies are still stuck below short- and medium-term resistance levels. But Ethereum is putting them to the test.

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Additionally, after the June low, the asset produced a higher low, indicating that buyers are progressively re-entering the market. The RSI supports this view. Momentum is now comfortably above neutral territory after recovering from oversold conditions, suggesting that bullish pressure is increasing without reaching overbought levels. 

In the past, this kind of setup frequently emerges in the early phases of more significant trend reversals. Ethereum's relative performance is another positive sign. Assets like XRP and numerous speculative altcoins are still having trouble below significant resistance levels, but ETH has shown a stronger capacity to withstand selling pressure and attract new demand. 

This indicates that Ethereum is still one of the healthier assets in the current market climate, but it does not imply that a bull market has returned. The next obstacle is located close to the $1,950-$2,000 area, where the 200-day moving average and earlier support levels meet. 

The bullish outlook would be greatly strengthened by a successful break above that zone, which could pave the way for a more extensive recovery phase. Among the major cryptocurrencies, Ethereum seems to be at the forefront of the current recovery. Although the trend has not completely reversed yet, ETH's current rebound appears to be the most convincing when compared to most other assets attempting the same move. 

Will Bitcoin bounce?One of the most significant technical turning points for Bitcoin in recent weeks may be near. Even though the market is still under pressure and Bitcoin is currently trading close to $62,000 following a recent rejection, a number of indicators point to an impending attempt at a reversal. The most notable development is Bitcoin's ability to hold above the local lows established during June. 

Buyers intervened forcefully to stop a further collapse following the steep sell-off that drove Bitcoin below $60,000. Since then, the asset has experienced a series of higher lows, indicating a progressive weakening of selling pressure. Additionally, the daily chart shows Bitcoin continuously testing the 50-day EMA around $63,000. Bulls have yet to secure a clear breakout, but the gap between price and short-term resistance is getting smaller. 

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After prolonged compression, markets frequently produce stronger moves, and Bitcoin seems to be entering this phase. This interpretation is reinforced by momentum indicators. The RSI has recovered from oversold conditions and is now moving toward neutral territory. It shows that panic selling has mostly subsided and the market is starting to stabilize, even though it is not yet exhibiting significant bullish momentum. 

The cluster of moving averages above price continues to be the primary barrier. Bitcoin is still trading well below the 200-day moving average, which is close to $75,000, and below the 100-day EMA, which is around $66,000. 

Whether the current recovery turns into a true trend reversal or just another relief rally will probably depend on those levels. Additionally, volume merits consideration. Although it hasn't been strong enough to cause a breakout, recent buying activity has been adequate to maintain support. A surge in participation would significantly improve the chances of Bitcoin reclaiming higher levels.

Shiba Inu Veteran Hints at Major Updates Ahead for SHIB Projects

Despite the effort, SHIB remains under pressure and could tumble even more in the near future.

Shiba Inu saw its largest burn in the last six months, which is typically interpreted as a bullish signal.

However, SHIB’s price remains heavily suppressed in the bear market, and multiple factors point to further downside in the short term.

The Burn and More On July 8, the SHIB team and community scorched almost 110 million coins. However, the USD equivalent of the coins sent to a dead wallet is negligible, and with roughly 585 trillion coins still in circulation, much bigger burns will be required to trigger a major upswing.

The burning mechanism was introduced in 2022, and its ultimate goal is to make the token scarcer and potentially more valuable (should demand remain stable or head north). It is also important to note that Vitaliк Buterin contributed a significant portion of the approximately 410.8 trillion tokens that have already been burned.

As of this writing, SHIB trades at around $0.00000429, an 8% decline for the past month and a whopping 95% collapse since the all-time high witnessed in 2021. Its market capitalization has dropped to around $2.5 billion, making the meme coin (once among the 20 biggest cryptocurrencies) the 37th-largest digital asset.

Back in the day, Shiba Inu was the subject of numerous optimistic price predictions, but lately the interest in it has faded, and the forecasts are rather grim. Not long ago, the popular trader James Wynn labeled the meme coin “old, dead, and boring,” predicting a potential revival in 5-10 years, when “a bit of nostalgia” could bring it back.

The Bearish Signals SHIB’s downfall coincides with its falling daily trading volume. X account BSCN revealed that the figure has seen a steady decrease over the last 12 months, plummeting from $637 million in July 2025 to around $50-$100 million nowadays.

The stalled activity on Shibarium is another worrying sign. The layer-2 scaling solution, launched in the summer of 2023 to boost speed, enhance scalability, and lower fees, initially processed millions of transactions. However, following an exploit that disrupted operations last year, daily activity has fallen dramatically to mere thousands.

Shibarium Daily Transactions, Source: shibariumscan.io Weak interest in the broader meme coin sector is another factor that could limit SHIB’s ability to stage a decisive comeback. Dogecoin (DOGE) and many of its rivals were among the best-performing tokens during the last bull cycle, but they are now a pale shadow of their former glory. The market capitalization of the meme coin sector, which once crossed $120 billion, now stands at less than $23 billion.

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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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Venture capital firm Paradigm has closed a $1.2 billion fund, marking a clear step in its evolution from a crypto-focused investor into a broader player supporting ambitious projects at the cutting edge of multiple technologies. The announcement, issued on July 8, 2026, positions the new vehicle to deploy capital across cryptocurrency innovations, artificial intelligence, robotics, and other emerging frontiers.

Founded in 2018 by Matt Huang, a former Sequoia Capital partner, and Fred Ehrsam, co-founder of Coinbase, Paradigm built its reputation through early bets in digital assets and blockchain infrastructure.

With this fourth fund overall (its third dedicated venture vehicle), the firm is formalizing an expanded mandate that reflects both the maturation of crypto markets and the rapid rise of complementary technologies.

While crypto remains central—covering areas such as decentralized finance, prediction markets, and blockchain tooling—the capital will also target AI systems and robotics applications where exponential progress is underway.

The firm’s official statement emphasizes a hands-on philosophy: staying close to the technology by researching, building, and partnering directly with founders.

It highlights the need for an adaptable mindset in an era of steep technological curves, where established approaches may no longer apply.

This approach has already produced results in non-crypto domains, including support for Zipline’s autonomous drone delivery network,

True Anomaly’s work in orbital space defense, SendCutSend’s rapid manufacturing capabilities, and Nous Research’s efforts to advance open AI models.

In the crypto space, Paradigm continues to back projects such as Hyperliquid for advanced trading ecosystems, Kalshi in prediction markets, and Tempo, a payments-focused blockchain incubated with Stripe.

Additional activity spans developer tools, agent infrastructure, and security research, including collaborations that bridge blockchain with AI capabilities.

The firm has historically invested from the earliest stages through later growth, and the new fund extends this flexibility across sectors.

The timing aligns with broader market dynamics. Artificial intelligence has attracted massive inflows amid breakthroughs in models and applications, while crypto has navigated cycles of volatility.

By broadening its scope, Paradigm seeks to capture synergies at the intersection of these fields—such as AI enhancing blockchain security, decentralized networks supporting robotic coordination, or robotics enabling new physical-world applications of distributed systems.

Industry reports note that several crypto-native firms are exploring similar overlaps, viewing AI and robotics not as distractions but as natural extensions of frontier technology investing.

With the fund now available for deployment, Paradigm gains fresh firepower to support founders tackling complex technical challenges.

The firm manages substantial assets overall and has demonstrated a track record of identifying high-conviction opportunities early.

Observers expect the capital to flow into both pure-play crypto infrastructure and hybrid projects where AI or robotics intersect with decentralized systems.

This move signals Paradigm’s view that the most transformative opportunities lie where multiple exponential technologies converge. Rather than abandoning its crypto roots, the firm is layering additional focus areas to remain at the forefront of innovation. Ambitious builders in these domains now have another well-resourced partner committed to long-term collaboration.

It’s been two years since we caught up with LightningWorks impresario Geoff McCabe, creator of the Starblind comic, and to say he’s been busy in the interim would be an understatement.

As well as scripting over a dozen stories, GHubs grant recipient Geoff has been hard at work developing several video games, efforts he hopes will deepen the narrative of Alien Worlds as Tokenized Lore comes of age.

At the core of his vision is the aforementioned Starblind, a “circus-like” saga whose charismatic protagonist Ash has appeared at several Web3 industry events, with Geoff stepping into his shoes in full cosplay.

We recently spoke to Geoff about the evolution of Starblind, the challenges of lore-building, and how interactive comics and games could breathe new life into the metaverse.

Starblind’s Obsessive Firestarter For Geoff, Starblind is more than a project. “I consider it my life’s work,” he says, “the culmination of a lifetime of passion and study of storytelling, universe-building, art direction, and entertainment. Thousands of hours of my personal time are going to this.”

Interestingly, the story of ringleader Ash draws inspiration from Geoff’s roots as co-founder and performer in Seattle’s Pyrosutra fire circus. “Despite being fairly introverted, I’m an entertainer at heart,” he admits. “Comics and games are the perfect medium for me.”

While Starblind #0 proved the concept, its successor (Starblind #1) showcases enhanced artwork and interactivity and further issues are in the pipeline, each expanding a “universe-within-a-universe” built on Kevin J. Anderson’s foundational lore.

“Starblind Zero was very successful in its small release and we proved that people will buy multiples of a single comic when we give them a good reason to: the average person spent almost $60 buying 20! You can’t replicate that in print, but it makes sense when properly gamified like we did.”

In recent months, Geoff has been working on over a dozen scripts simultaneously, and four video games to support this world, likening his obsessiveness and toil to Mozart’s in Amadeus. “I believe Tokenized Lore needs an anchor series, our own Star Wars Trilogy, to help everyone truly visualize the richness of this world.”

The Promise and Perils of Tokenized Lore Unsurprisingly, LightningWorks founder Geoff has kept track of the growth of Tokenized Lore, feeding multiple canonized stories into LLMs to build glossaries, create a cross-reference guide, and get a better grasp of timelines

“I’m terrified I’ll do something in print, which is very expensive, and then it turns out to conflict with the lore!” he laughs. He’s also aware of the urgency of sending his own lore contributions out into the world.

“While I’m working towards a big reveal, someone else might get lore approved that conflicts with it. That’s why it’s so important to have a foundational series like Starblind that everyone else can SEE, HEAR, and PLAY: it’ll help everyone take the whole universe forward more cohesively. Everyone appreciates lore more when it’s part of something they can actually see.”

Siege Worlds Takes Shape One of the biggest focuses for Geoff has been Siege Worlds, a first-person shooter that has been designed to bring Starblind to life.

“Siege Worlds was my pre-existing game that at one point had over 200 daily players, and this was after many critics had written web3 games off as dead,” says Geoff.

“It’s genuinely very fun, with a game world built for Alien Worlds and related to the stories, set on an island covered with giant mushrooms. It’s nearly done and in playtesting now, with two new playable characters, specialized weapons related to them, and all new monsters.”

When released, Siege Worlds will join a library of community-driven games such as Milky Way Miner, Mercenary Battlegrounds, Mayhem, Meta Battler, and Planetary Defence. With Alien Worlds providing the scaffolding, the ecosystem is turning into a haven of dynamic spinoff games characterized by lore, digital collectibles, and decentralized governance.

Webtoons, AI, and the Next Frontier When not developing games and comics, Geoff has been busy on the conference circuit: in November he moderated the “Tokenize Everything” panel at Blockchain Jungle in Costa Rica, complete with cosplay giveaways and live manga art.

“The main takeaway was the real passion for what we’re doing by so many people,” says Geoff. “When we’ve done events at comic con here, we get lost in a crowd, and the average person doesn’t always want to deal with NFTs or crypto. But at a blockchain conference, everyone is genuinely excited. They say things like, ‘Wow, you’re actually doing something useful in web3!’ and they appreciate the high quality.”

Geoff is candid about Web3 gaming, saying it needs “something really cool to recharge the space. Tokenized Lore has the potential to do it and Alien Worlds is the clear leader, at least on the philosophical level. The mining aspect is also phenomenally cool, but it needs to be grounded in something easier to play. I’ve been working on a new secret game with that in mind.”

Looking ahead, his plan is to move away from overly-complex comics and into a Webtoons-type format. “The Webtoons are free and interactive, and sales come from micro-NFTs in the $1 range, that take all the fun and addictive parts that made Starblind Zero successful and ramp them up to be even better. So I’ve been building that and I think what I’m doing is pretty spectacular… of course, lots and lots of every type of AI is involved!”

Quizzed about what readers and players can expect from him going forward, Geoff promises “an amazing story with tons of secrets, great reveals, and shocking, iconic, sexy, and unforgettable scenes” as well as a tech stack featuring multiple AI-powered Starblind characters.

With Starblind as the anchor, Siege Worlds as the gateway, and Tokenized Lore as the canvas, Geoff McCabe is playing his part in turning Alien Worlds into a sprawling sci-fi epic.

The ARB token jumped roughly 7.6% after Robinhood Chain, a permissionless Ethereum Layer-2 built on Arbitrum’s Orbit technology stack, went live on its public mainnet and announced a fee-sharing model that funnels revenue directly back into the Arbitrum ecosystem.

What Robinhood Chain actually is Robinhood Chain launched its public mainnet on July 1, 2026. The chain is purpose-built for tokenized real-world assets, think stocks, bonds, and other traditional financial instruments, alongside decentralized finance applications and on-chain financial services.

Block times clock in at 100 milliseconds. ETH serves as the gas fee currency, keeping the chain tethered to the broader Ethereum ecosystem rather than spinning up yet another token nobody asked for.

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Robinhood Chain processed 4 million transactions within its first week of operation. Uniswap recorded $500 million in 24-hour trading volume on the chain. Chainlink integration rounds out the launch partnerships, providing the oracle infrastructure that DeFi applications need to function.

The fee-sharing model that moved ARB Offchain Labs, the company behind Arbitrum’s core technology, rolled out a new revenue-sharing structure alongside the Robinhood Chain launch. The model is straightforward: 10% of net protocol fees generated by chains built using Arbitrum’s infrastructure flow back into the ecosystem.

That 10% splits into two buckets. The Arbitrum DAO treasury receives 8%, while the Developer Guild, which funds builders working on Arbitrum tooling and applications, gets the remaining 2%.

ARB currently trades around $0.078 with a market capitalization of approximately $485 million. The 7.6% price increase reflects the market’s recognition that fee-sharing transforms ARB from a governance token with limited value accrual into something closer to a revenue-generating asset.

Robinhood’s crypto evolution This launch didn’t come out of nowhere. Robinhood has been building its blockchain presence since 2024, with each step escalating its commitment to on-chain finance. The company launched tokenized stock offerings on the Arbitrum network in 2025, testing the waters before committing to its own chain.

What this means for investors For ARB holders, the fee-sharing model introduces a new value driver that didn’t exist before. Every transaction on Robinhood Chain, and every future Orbit chain that adopts this model, generates revenue for the DAO treasury.

For traders evaluating ARB at current levels, the key metric to watch isn’t the token price itself but the sustained fee generation from Robinhood Chain and any subsequent Orbit chains that adopt the 10% revenue share.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Robinhood Chain DEX Volume Hits Record High Amid Cash Cat Frenzy

U.S. regulators propose to block CME Group’s application to launch 24-hour oil contracts.

The U.S. Commodity Futures Trading Commission (CFTC) plans to block Chicago Mercantile Exchange (CME)’s application to quickly launch 24/7 oil contracts, amid concerns that energy markets are not ready for an influx of large volumes of all-day derivatives contracts. CME said in June it planned to offer 24/7 trading for a futures contract tied to West Texas Intermediate (WTI) crude oil, denominated in 10-barrel lots, citing investor demand to manage positions “whenever news breaks.” On Wednesday, CME filed a self-certification application for the new product, which means the CFTC has only one day to intervene before the contract can be listed for trading. According to people familiar with the matter, the CFTC plans to block CME’s self-certification. CFTC Chair Michael Selesinger has met with executives from energy firms including Shell, Vitol, BP and ExxonMobil in recent weeks. Another application CME submitted for the same product, which requires a 45-day review period, is still under regulatory consideration.

1 seconds ago

Mantle Super Portal has migrated to Chainlink CCIP, bringing institutional-grade security for MNT cross-chain transfers.

According to official announcements, Mantle today announced that its native cross-chain infrastructure Mantle Super Portal—developed in partnership with Bybit—has migrated from LayerZero to Chainlink CCIP. Powered by CCIP, Mantle Super Portal will feature enhanced cross-chain security, decentralized node infrastructure security guarantees, advanced risk management, and institutional-grade security standards, delivering a higher level of protection for cross-chain transfers of MNT tokens valued at over $2.5 billion. Additionally, as an increasing number of regulated assets, such as tokenized equities, move on-chain, the underlying infrastructure supporting them must meet traditional financial standards. This migration will further solidify Mantle’s position as a "distribution layer connecting traditional finance and on-chain liquidity" and underscores Mantle and Bybit’s ongoing commitment to growing MNT through further integrations, opportunities, and use cases. According to the announcement, Mantle Super Portal will be temporarily offline during the migration period, scheduled from July 9 to 15, 2026 (with a possible slight extension of the timeline). Users do not need to take any action, and transfers will automatically resume once the migration is complete.

1 seconds ago

Ahead of the US stock market opening, a crypto whale plans to go long on Nasdaq 100 index positions worth approximately $22 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x3e7…f1589 deposited 5 million USDC at 7:30 PM tonight, then opened a 20x long position in XYZ100 (which tracks the Nasdaq 100 index) worth $16.63 million at an entry price of 29,458. Currently, over $5.3 million worth of TWAP orders are still being filled gradually, with the final position valued at around $22 million.

1 seconds ago

SK Hynix sets the price guidance for its U.S. ADR issuance at a 3.1% premium to its South Korean closing price.

Market News: SK Hynix has set the issue reference price for its American Depositary Receipts (ADR) at $149 per unit, a 3.1% premium over its closing price in South Korea.

1 seconds ago

PayPal USD officially launches on the Polygon network.

Paxos has announced that PayPal USD (PYUSD) is now officially native-issued on the Polygon blockchain, and is being offered to the market via Polygon’s Open Money Stack. The move aims to provide institutions and enterprises with a federally regulated on-chain USD settlement solution, covering deposit, withdrawal and compliance functions. The Polygon blockchain currently records an average daily stablecoin settlement volume of over $2.5 billion, with a total cumulative settlement volume exceeding $2.6 trillion. PYUSD is issued by Paxos, a national trust chartered institution regulated by the U.S. Office of the Comptroller of the Currency (OCC).

1 seconds ago

Glassnode: In the late stage of Bitcoin's bottoming process, the scale of realized losses has reached its highest point since December 2022.

Glassnode says Bitcoin is in the late stages of bottom formation, but capitulation selling by long-term holders remains elevated, with the recent peak in realized losses approaching $280 million daily — the highest level since December 2022. Glassnode notes that this metric needs to shrink significantly for the market to credibly shift back into a bullish state. Last week, Bitcoin rebounded from $58,300 to $64,400 before pulling back to $62,700, and still trades below the short-term holders' cost base of roughly $72,200 and the True Market Mean of around $76,600. Net outflows from spot Bitcoin ETFs have narrowed but remain negative.

1 seconds ago

U.S. regulators propose to block CME Group’s application to launch 24-hour oil contracts.

The U.S. Commodity Futures Trading Commission (CFTC) plans to block Chicago Mercantile Exchange (CME)’s application to quickly launch 24/7 oil contracts, amid concerns that energy markets are not ready for an influx of large volumes of all-day derivatives contracts. CME said in June it planned to offer 24/7 trading for a futures contract tied to West Texas Intermediate (WTI) crude oil, denominated in 10-barrel lots, citing investor demand to manage positions “whenever news breaks.” On Wednesday, CME filed a self-certification application for the new product, which means the CFTC has only one day to intervene before the contract can be listed for trading. According to people familiar with the matter, the CFTC plans to block CME’s self-certification. CFTC Chair Michael Selesinger has met with executives from energy firms including Shell, Vitol, BP and ExxonMobil in recent weeks. Another application CME submitted for the same product, which requires a 45-day review period, is still under regulatory consideration.

1 seconds ago

Mantle Super Portal has migrated to Chainlink CCIP, bringing institutional-grade security for MNT cross-chain transfers.

According to official announcements, Mantle today announced that its native cross-chain infrastructure Mantle Super Portal—developed in partnership with Bybit—has migrated from LayerZero to Chainlink CCIP. Powered by CCIP, Mantle Super Portal will feature enhanced cross-chain security, decentralized node infrastructure security guarantees, advanced risk management, and institutional-grade security standards, delivering a higher level of protection for cross-chain transfers of MNT tokens valued at over $2.5 billion. Additionally, as an increasing number of regulated assets, such as tokenized equities, move on-chain, the underlying infrastructure supporting them must meet traditional financial standards. This migration will further solidify Mantle’s position as a "distribution layer connecting traditional finance and on-chain liquidity" and underscores Mantle and Bybit’s ongoing commitment to growing MNT through further integrations, opportunities, and use cases. According to the announcement, Mantle Super Portal will be temporarily offline during the migration period, scheduled from July 9 to 15, 2026 (with a possible slight extension of the timeline). Users do not need to take any action, and transfers will automatically resume once the migration is complete.

1 seconds ago

Ahead of the US stock market opening, a crypto whale plans to go long on Nasdaq 100 index positions worth approximately $22 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x3e7…f1589 deposited 5 million USDC at 7:30 PM tonight, then opened a 20x long position in XYZ100 (which tracks the Nasdaq 100 index) worth $16.63 million at an entry price of 29,458. Currently, over $5.3 million worth of TWAP orders are still being filled gradually, with the final position valued at around $22 million.

1 seconds ago

SK Hynix sets the price guidance for its U.S. ADR issuance at a 3.1% premium to its South Korean closing price.

Market News: SK Hynix has set the issue reference price for its American Depositary Receipts (ADR) at $149 per unit, a 3.1% premium over its closing price in South Korea.

1 seconds ago

PayPal USD officially launches on the Polygon network.

Paxos has announced that PayPal USD (PYUSD) is now officially native-issued on the Polygon blockchain, and is being offered to the market via Polygon’s Open Money Stack. The move aims to provide institutions and enterprises with a federally regulated on-chain USD settlement solution, covering deposit, withdrawal and compliance functions. The Polygon blockchain currently records an average daily stablecoin settlement volume of over $2.5 billion, with a total cumulative settlement volume exceeding $2.6 trillion. PYUSD is issued by Paxos, a national trust chartered institution regulated by the U.S. Office of the Comptroller of the Currency (OCC).

1 seconds ago

Glassnode: In the late stage of Bitcoin's bottoming process, the scale of realized losses has reached its highest point since December 2022.

Glassnode says Bitcoin is in the late stages of bottom formation, but capitulation selling by long-term holders remains elevated, with the recent peak in realized losses approaching $280 million daily — the highest level since December 2022. Glassnode notes that this metric needs to shrink significantly for the market to credibly shift back into a bullish state. Last week, Bitcoin rebounded from $58,300 to $64,400 before pulling back to $62,700, and still trades below the short-term holders' cost base of roughly $72,200 and the True Market Mean of around $76,600. Net outflows from spot Bitcoin ETFs have narrowed but remain negative.

1 seconds ago

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.

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AI Financial Corporation, the Nasdaq-listed company formerly known as ALT5 Sigma, is in talks to sell its core payments business for up to $15 million, marking a sharp reversal for a firm tied to the Trump family-linked crypto project World Liberty Financial.

Perpetuals.com said it has signed a non-binding term sheet to explore the potential acquisition of AI Financial’s profitable subsidiary, Alt5 Sigma Canada Inc. The company said it is conducting due diligence and that no final decision has been made. The Wall Street Journal reported that the deal under discussion would include $5 million in stock upfront, up to $10 million tied to performance, and the assumption or settlement of AI Financial’s debts.

The potential sale comes less than a year after AI Financial became closely associated with World Liberty Financial, the decentralized finance project promoted by members of the Trump family. The company raised large sums to acquire WLFI tokens, turning its balance sheet and market narrative toward the Trump-linked crypto venture. That strategy initially attracted attention from crypto traders and political investors, but the financial outcome has since deteriorated sharply.

Reports said AI Financial’s shares have fallen more than 90%, while the value of its WLFI token holdings has declined about 70%. The company’s market value has reportedly dropped to around $80 million, underscoring the gap between the earlier crypto-linked fundraising narrative and the current value of its operating business.

A Payments Business Put on the Block The proposed transaction centers on Alt5 Sigma Canada, the payments and transaction-processing unit that formed the core of AI Financial’s original business before its rebrand. Perpetuals.com, a blockchain company, said the acquisition could support its growth and complement its product roadmap, but emphasized that the term sheet is non-binding.

The valuation being discussed is striking because AI Financial had previously positioned itself as a bridge between payments, tokenization and AI-driven financial infrastructure. The company changed its Nasdaq ticker from ALTS to AIFC in April 2026 and said the rebrand reflected a broader strategic evolution. A sale of the payments subsidiary would leave questions about what remains of that strategy beyond its crypto treasury exposure and related digital-asset ambitions.

The talks also highlight the risk of combining a small public company with a highly volatile token strategy. When a company’s valuation becomes closely tied to a crypto asset, shareholders can be exposed to both operating-business risk and token-market volatility. In AI Financial’s case, the decline in WLFI and the collapse in its share price appear to have weakened the investment thesis that drove the earlier market interest.

For Perpetuals.com, the asset may be more attractive as a standalone payments infrastructure business than as part of a politically charged crypto-treasury vehicle. The reported structure, with most of the consideration tied to performance, suggests the buyer is seeking protection against operational or balance-sheet risks.

Trump Crypto Links Draw Scrutiny The political dimension makes the transaction more sensitive than a normal fintech asset sale. World Liberty Financial has been promoted by members of the Trump family, and reporting has said Trump-related entities were entitled to a large share of WLFI token-sale proceeds. The Wall Street Journal reported that AI Financial’s WLFI purchases generated about $540 million in cash for Trump-related entities, even as later investors faced steep losses.

The White House and Trump representatives have previously denied conflicts of interest, arguing that President Donald Trump’s business interests are managed separately and that official actions are taken in the public interest. Still, the AI Financial episode adds to scrutiny over the overlap between political branding, public-company financing and crypto token sales.

The broader market impact is reputational rather than systemic. AI Financial is not large enough to threaten the wider crypto market, and the possible sale of its payments business is unlikely to affect major token prices. But the episode shows how quickly crypto-linked public-company strategies can unravel when token prices fall and operating businesses fail to support inflated valuations.

For investors, the lesson is that political visibility and crypto branding do not replace fundamentals. A company can raise capital around a high-profile token strategy, rebrand around AI and digital assets, and still be forced to sell its core business at a modest valuation if earnings, liquidity and market confidence deteriorate.

Until a binding agreement is announced, the transaction remains uncertain. But even the discussions point to a major reset for AI Financial. A business once promoted around payments, tokenization and Trump-linked crypto exposure may now be reduced to selling its original operating unit for a fraction of the capital raised during the height of its crypto pivot.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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Alchemy Pay has expanded its On Ramp service—which enables users to purchase cryptocurrencies with fiat—to Bangladesh. The company has integrated the country’s four largest mobile financial services platforms, paving the way for users to buy crypto assets directly using local digital payment methods.

Leading local payment platforms join Alchemy PayThe new integration enables payments through bKash, Nagad, Rocket, and Upay. Widely used for everyday transactions, these platforms allow users in Bangladesh to access digital assets without the need for international payment methods or traditional bank transfers.

Alchemy Pay emphasized that the move is designed to lower barriers in the payment process and make crypto services more accessible by leveraging local wallets that are already familiar to Bangladeshi users.

Rather than changing local payment habits, the company underlined that its expansion in Bangladesh connects established and trusted mobile wallet infrastructures with crypto purchasing options.

Within Bangladesh’s digital payments ecosystem, bKash stands out with over 50 million registered users. Nagad is one of the fastest-growing platforms, Rocket offers bank-backed mobile finance services, and Upay has significantly extended its coverage in both urban and semi-urban areas.

PlatformKey featurebKashOver 50 million registered usersNagadRapidly growing payment platformRocketBank-backed mobile finance serviceUpayExpanding network in urban and semi-urban areasPart of a broader South Asia expansion strategyThis move furthers Alchemy Pay’s reach in South Asia, enabling direct connections to Bangladesh’s dominant mobile payment networks on behalf of cryptocurrency exchanges, wallets, decentralized applications, and Web3 platforms operating in the region.

Positioned as a payment bridge between fiat currencies and crypto, Alchemy Pay focuses especially on markets with limited access to traditional banking or high adoption of mobile wallets.

Mini glossary: “On Ramp” refers to a payment gateway infrastructure that allows users to buy crypto assets with their local currency. “Web3 platforms” are internet services operating on blockchain technology, supporting wallet connections and digital asset transactions.

Strengthening focus on emerging marketsThe company stated that its move into Bangladesh aligns closely with its growth strategy focused on emerging markets. Previously, Alchemy Pay expanded local payment coverage in Indonesia, Thailand, Malaysia, Brazil, Mexico, Argentina, and the Philippines.

According to the company, Bangladesh’s strong mobile money adoption provides ready-made infrastructure for firms that offer crypto acquisition services, making it easy for users to join the system through familiar payment habits.

Bangladesh is considered one of the most robust mobile money markets in South Asia. Digital wallets are widely used for remittances, bill payments, and retail transactions throughout the country. This structure gives an edge to platforms aiming to reach those with limited access to conventional banking services.

Recently, Alchemy Pay has obtained various regulatory approvals and registrations in jurisdictions including the US, Canada, Indonesia, South Korea, Lithuania, and Hong Kong. The company also acts as an authorized service provider for Visa and participates in the Mastercard Crypto Partner Program.

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.

Palantir Shares Slide on Fears Democrats Could Target Government Contracts

Key Takeaways Solana has declined 3% on Wednesday, approaching critical support at the 50-day EMA positioned at $76.67 ETF inflows for SOL plummeted to $1.67M on Tuesday, a significant decrease from Monday’s $8.36M Open Interest contracted 4% over the past 24 hours to $5.31 billion, indicating diminished trader engagement Technical analyst Ali Charts cautions that failure to break through the $79–$85 resistance zone could send SOL tumbling to $53 Market participants Scient and Ryker are monitoring the $74–$77 range as a critical support area before any bullish continuation Solana (SOL) has posted a 3% loss on Wednesday, continuing a downward trajectory that initiated following a rejection at a long-standing overhead resistance trendline around $83.94.

Solana (SOL) Price This pullback has brought SOL perilously close to a crucial technical support area at $76.67, where the 50-day Exponential Moving Average (EMA) currently resides.

Institutional interest in SOL appears to be waning. ETF inflows registered just $1.67 million on Tuesday, representing a dramatic reduction from Monday’s $8.36 million, per Sosovalue tracking data.

Source: SoSoValue Futures Open Interest for SOL contracted 4% during the past 24 hours, settling at $5.31 billion according to CoinGlass metrics. Simultaneously, trading volume declined 8% to $8.66 billion.

Funding rates currently sit at 0.0029%, climbing from the previous day’s -0.0042%. This reversal suggests market indecision among traders rather than a definitive directional bias.

SOL continues trading significantly beneath the 200-day EMA at $95.51, keeping the overarching trend neutral instead of decisively bullish.

Bearish Momentum Builds Below $83.94 Resistance The MACD indicator is trending downward toward its signal line, threatening a bearish crossover should buying interest continue deteriorating. Meanwhile, the RSI has retreated to 54, signaling weakening bullish momentum.

Immediate support rests at the 50-day EMA of $76.67, which aligns with the 50% Fibonacci retracement level at $76.92. A decisive close beneath this confluence zone could pave the way for a descent toward $60.13, representing approximately 22% downside.

Cryptocurrency analyst Ali Charts identified a substantial supply concentration between $79 and $85 in a post on X. Based on on-chain URPD analysis he presented, roughly 105 million SOL tokens changed hands within this price range.

SOLANA: BIG SUPPLY WALL

Solana is currently attempting to reclaim a resistance zone between $79 and $85.

According to URPD data, roughly 105 million SOL were transacted within this range, establishing a dense supply cluster.

Reclaiming this zone as support clears the overhead… https://t.co/CZXB9kPtOz pic.twitter.com/jiZI3GJ8z4

— Ali Charts (@alicharts) July 8, 2026

He emphasized that successfully breaching this resistance cluster would clear the path toward $100 initially, followed by $127. However, rejection at these levels could intensify selling pressure, potentially driving SOL down to $53.

Market Participants Focus on $74–$77 Support Region Trader Scient revealed he began accumulating his SOL position following the pullback into the $74–$77 area. He characterized this region as a previous breakout zone and positioned bids extending down to $74.

Should buyers successfully defend this support zone, the initial upside objective lies near $93. The broader target spectrum spans between $115 and $127.

Trader Ryker is drawing parallels between the current 2026 price action and Solana’s 2023 recovery pattern, when SOL established a base before launching a substantial rally. He acquired SOL at $40 during that cycle and exited at $122.

Ryker indicates he’s currently waiting for a more favorable entry opportunity before reentering positions. He suggests the current setup may require additional time to develop before the next significant upward movement materializes.

SOL ETF inflows on Tuesday totaled $1.67 million, marking the weakest performance in the past two days.

Bitcoin (BTC) is extending its losses on Thursday for the third consecutive day amid renewed tensions between the US and Iran. Risk-off market sentiment intensifies, with Jupiter (JUP) and Pi Network (PI) emerging as the biggest losers over the last 24 hours. 

CoinMarketCap's Crypto Fear and Greed Index is at 26 on Thursday, down from 29 on Monday, indicating a clear increase in risk-off sentiment.

Fear and Greed Index. Source: CoinMarketCapBitcoin vulnerable to steeper declineBitcoin shows a steady decline so far this week, reversing before testing the $65,000 threshold. A clear lower-high formation on the daily chart reaffirms the near-term bearish tone, while BTC remains well below the 50-day Exponential Moving Average (EMA) at $65,412 and the 200-day EMA at $75,821.

The Moving Average Convergence Divergence (MACD) approaches its signal line, raising the risk of a bearish crossover, while the Relative Strength Index (RSI) at 44 dips below the midline, suggesting that buying pressure remains subdued.

Looking down, the horizontal support around $60,000 emerges as the zone where dip-buying interest could attempt to slow the decline.

BTC/USDT daily price chart.Initial resistance emerges at the 50-day EMA around $65,412, with a subsequent barrier near the broken rising trendline at roughly $75,008. The 200-day EMA at $75,821 marks a higher, more structural ceiling that would need to be reclaimed to meaningfully shift the bearish bias.

Jupiter extends losses on Thursday, following a 10% drop the previous day. The DeFi token remains capped below a local resistance trendline, near the 78.6% Fibonacci retracement level at $0.2406, measured from the $0.2766 to $0.1444 downswing.

The 50-day EMA at $0.2070 serves as the key support zone, further reinforced by the 50% retracement level at $0.1998. A slip below this zone could target the 23.6% Fibonacci retracement level at $0.1683, followed by the Fibonacci anchor at $0.1444.

Momentum suggests the broader downtrend is intact, with recent recovery attempts losing traction as the MACD has slipped below its signal line and the RSI at 47 hints at fading bullish momentum.

JUP/USDT daily price chart.On the topside, immediate resistance sits at the 200-day EMA near $0.2207, and a sustained break above this barrier would open the way toward the descending trendline break zone around $0.2418.

Pi Network is edging closer to the $0.1000 psychological threshold as the bearish phase extends. PI holds well below the 50-day EMA at $0.1311 and the 200-day EMA at $0.1901, reaffirming a long-term bearish trend.

The MACD and signal line continue to decline as the negative histogram expands, while the RSI at 21 falls deeper into the oversold territory, suggesting that downside momentum remains dominant even as short-term selling pressure may be nearing exhaustion.

PI token tests the S1 Pivot Point at $0.1010, which guards the downside to the S2 Pivot Point at $0.0867.

PI/USD daily price chart.Looking up, initial resistance aligns with the 50-day EMA at $0.1311, which acts as the first cap on any rebound.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Internet sensation Moo Deng is set to celebrate her second birthday this week, with her home zoo gearing up for a three-day festival.

The pygmy hippopotamus, whose chaotic antics and perpetually startled expression have propelled her to global superstardom, turns two on Friday.

To mark the milestone, the Khao Kheow Open Zoo in Thailand’s Chonburi province, east of Bangkok, announced the “Moo Deng Happy Deng Day” festival from 10 to 12 July.

On her birthday, the celebrity calf will see visitors join a mass sing-along around her enclosure and eat a specially crafted, hippo-friendly birthday cake made of her favourite vegetables.

Her first birthday was also celebrated with a days-long festival attended by throngs of adoring fans. The highlights included a birthday cake sponsored by a skincare entrepreneur at a cost of almost £2,100, mascot parades, and a photo exhibition, titled “Moo Deng in Every Moment”, chronicling her journey from a 5kg newborn to a 93kg toddler, according to The Nation.

Moo Deng eats a cake with her mother Jonah during her first birthday celebration at the Khao Kheow Open Zoo in 2025 (Getty)This year, organisers are preparing for thousands of fans to descend on the park. They are offering free admission throughout the three-day festival for children aged 12 and under as well as to senior citizens over 60.

The festival will feature daily wildlife mascot parades, game booths, and a dedicated station where fans can write birthday cards to the toddler hippo.

Visitors will also get a rare chance to meet Moo Deng’s keepers for behind-the-scenes insights into her daily routine.

For dedicated collectors, the zoo is releasing a highly exclusive "Moo Deng Tail Print" souvenir. Limited to just 999 pieces worldwide, the collectible is priced at around £43, with the proceeds going towards wildlife conservation. Local vendors will set up stalls showcasing regional Thai food and handicrafts.

Zoo director Narongwit Chodchoi said that the festival would also launch "Hippo Village", a major modernisation project for the habitat.

The initiative aims to significantly improve animal welfare and expand conservation education, ensuring the global spotlight on Moo Deng leaves a lasting legacy for her species.

Children pose for pictures with a giant Moo Deng during a celebration of her first birthday at the Khao Kheow Open Zoo (Getty)Moo Deng – meaning "bouncy pork" in Thai – was born on 10 July 2024 and quickly rose to stardom after her keeper, Atthapon Nundee, began sharing her antics online. The videos went viral, prompting the zoo to livestream her enclosure and capitalise on her fame with corporate sponsorship deals and merchandise.

In the final quarter of 2024 alone, Khao Kheow Open Zoo saw visitor numbers triple to 600,000.

Moo Deng appeared in a Saturday Night Live sketch and correctly predicted Donald Trump’s 2024 US presidential win by choosing between two vegetable cakes. Google honoured her with a doodle, and a Thai music label released a viral techno anthem bearing her name.

Her popularity has begun to dip in recent months, however, mirroring the short-lived fame of other internet-famous animals like China’s Hua Hua the panda and Australia’s Pesto the penguin. Still, Mr Nundee insists Moo Deng enjoys the attention.

The pygmy hippopotamus is an endangered species, native to West Africa, with fewer than 2,500 left in the wild according to the International Union for Conservation of Nature.

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.

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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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Source: Binance EN

Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here. This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, From 2026-07-10 00:00 (UTC), Binance will continue the airdrop campaign rewarding all eligible users who hold World Liberty Financial USD (USD1) on our platform. Eligible users will share rewards from a grand prize pool of 165 million World Liberty Financial (WLFI) tokens. WLFI will be distributed as weekly rewards to USD1 holders every Friday. Campaign Period: 2026-07-10 00:00 (UTC) - 2026-08-07 00:00 (UTC) How to Participate: Eligible users must hold USD1 in balance (net assets), in any of the following account categories on Binance: Spot Account;Funding Account;Margin Account (USD1 as Collateral in Cross Margin, Isolated Margin, or Portfolio Margin); USDⓈ-M Futures Account (USD1 as Collateral in USDⓈ-M Futures Accounts, Multi-Assets mode is included). USD1 in Binance Futures or Margin accounts can receive a 1.2x bonus multiplier on rewards, only if the user’s Daily Open Interest on USD1 Futures pair(s) is maintained at a minimum of 300 USD1. Binance will take hourly daily snapshots of each user’s Open Interest each day and use the lowest recorded amount to determine if the users’ Daily Open Interest on that day meets the minimum requirement and their eligibility of the 1.2x bonus multiplier. Note: If the users’ Daily Open Interest on USD1 Futures pair is less than 300 USD1 on certain days, and hold more than 0.01 USD1 in their Margin or Futures Accounts, they will still receive 1x rewards on those days, just not the 1.2x bonus rewards. USD1 acquired through borrowing the other stablecoins will receive a haircut of 70%, after accounting for liabilities in Margin Accounts from other stablecoins, including USDT, USDC, U, RLUSD, and FDUSD. Campaign Details: Prize Pool: 165 million WLFI tokens. Distribution: Rewards will be airdropped directly to users’ Binance Spot Accounts. Distribution Frequency: Weekly airdrops during the Campaign Period. Reward Distribution: Rewards start accruing from 2026-07-10 00:00 (UTC). Weekly rewards will be distributed by 18:00 (UTC) every Friday in WLFI tokens. Distribution records can be found in Distribution History. The Weekly Reward Amount will be roughly calculated as follows: Qualifying Balance of each day = Lowest USD1 balance captured during those hourly snapshots on each day.Weekly Rewards = (7-day average of the Qualifying Balance * Effective APR on the distribution day * 7) / 365 After each weekly distribution, the effective APR for that period will be updated in this announcement. In determining the effective APR on the distribution day, Binance will take into account a number of factors, including, without limitation: Minimum recorded amount of Open Interest per day;Lowest balance of the snapshots each day;The daily aggregated amount of Qualifying Balances across all eligible holders of USD1;7-day average across all eligible holders of USD1 For USD1 acquired through borrowing other stablecoins: Eligible balance in Margin Account = USD1 Balance Before Leverage + Leveraged Amount * (1 - 70%): USD1 Balance before Leverage = MAX [USD1 Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0] Leveraged Amount = USD1 Balance in Margin Account - MAX [USD1 Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0] Note: ”Other Stablecoins” include USDT, USDC, U, RLUSD, FDUSD. Case examples: User A’s Daily Open Interest on USD1 Futures pair from Day 1 to Day 6 is maintained at 1,500 USD1, Day 7 at 100 USD1. Throughout the 7 days, the user holds 10,000 USD1 in Spot and 20,000 USD1 as collateral in Margin, and effective base APR is 20%, effective boosted APR is 24%, User A's rewards due to be received at the end of 7 days will be as follows:[(10,000 * 20% * 7) / 365] + [(20,000 * 24% * 6) / 365] + [(20,000 * 20% * 1) / 365] = 128.21 USD worth of WLFIUser B’s Daily Open Interest on the USD1 Futures pair is maintained at 1,500 USD1 throughout week 1. The user borrowed 5,000 USD1 from VIP loan or Margin (“liabilities”). Among this borrowed 5,000 USD1, 4,000 USD1 was used as collateral in Margin, the remaining 1,000 USD1 was held in their Spot Account in week 1. The effective base APR is 20%, effective boosted APR is 24%, User B’s rewards due to be received at the end of week 1 will be as follows:Qualifying Balance = 0 [(0 * 20% * 7) / 365] + [(0 * 24% * 7) / 365] = 0 USD worth of WLFIUser C’s Daily Open Interest throughout Week 1 was maintained at 100 USD1. The user had 1,000 USD1 in the Margin Account and used it as collateral to borrow 4,000 USDT through Margin (“Liabilities of the other Stablecoins”), then converted this 4,000 USDT to USD1. The user now holds 5,000 USD1 in Margin (“USD1 Balance”) in week 1. The effective base APR is 20%, effective boosted APR is 24%, User C’s rewards due to be received at the end of week 1 will be as follows:Daily Open Interest < 300, doesn’t qualify for 1.2x bonus rewards. Qualifying Balance = MAX [5,000 - 4,000, 0] + {5,000 - MAX[5,000 - 4,000, 0] } = 1,000 + (5,000 - 1,000) * (1 - 70%) = 2,200[(2,200 * 20% * 7) / 365] = 8.43 USD worth of WLFI Important Notes: Snapshots of user’s Open Interest will be taken at any point of time each hour to get users’ hourly Open Interest. The lowest USD1 Open Interest captured during those snapshots on each day will constitute their Daily Open Interest. If the Daily Open Interest is lower than 300 USD1 for a specific day, then for that day the user won’t receive 1.2x bonus rewards.Users’ USD1 Qualifying Balance will be calculated as net assets (assets minus liabilities). USD1 as liabilities (e.g., borrowed from VIP loans, Margin loan, etc.) will be excluded from the Qualifying Balance for this campaign. Snapshots of user balances and total qualifying balances will be taken at any point of time each hour to get users’ hourly balances in the above mentioned account categories. The lowest USD1 balance captured during those snapshots on each day will constitute their Qualifying Balance and be used to calculate their rewardsFor example, a user’s lowest USD1 balance captured on 2026-07-13 is zero, then their qualifying balance for that day is zero. At any snapshot time, any one of users’ supported assets must be greater than 0.01 USD1 to be included in the calculation.Users are recommended to maintain their USD1 holding throughout the Campaign Period to maximize their rewards. Rewards distributed are rounded down to 2 decimal places. Rewards of sub-accounts will be distributed to the Spot Account of corresponding sub-accounts. Kindly note that the distribution time is not guaranteed and may change from time to time.There is no individual cap on rewards. Users’ rewards depend on their qualifying balance relative to the total qualifying balance of all eligible users and other factors. Stay tuned for weekly reward distributions and updates on the Campaign. Terms and Conditions: Users may not be eligible for rewards if there are active restrictions on their accounts.WLFI token value for airdrop distribution will be based on the official Binance market closing price one day before the airdrop distribution day.Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly balances in the aforementioned account categories. The lowest USD1 balance captured during those snapshots on each day will constitute the user’s Qualifying Balance and be used to calculate their rewards.At any snapshot time, any one of users’ supported assets must be greater than 0.01 USD1 to be included in the calculation.Broker accounts are not eligible for this campaign. Binance reserves the right to periodically update the rules to accommodate changes in legal, regulatory, or other factors.Users must complete account verification (KYC) and also be from an eligible jurisdiction to participate in the campaign. Currently, users residing in the following countries or regions will not be able to participate in the USD1 campaign (notwithstanding that they may hold USD1): Åland Islands (Finland), Austria, Belgium, Bulgaria, Canada, Crimea (Ukraine – disputed territory), Croatia, Cyprus, Czech Republic, Denmark, Democratic People’s Republic of Korea, Donetsk People’s Republic, Estonia, Faroe Islands, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hungary, Ireland, Isle of Man, Islamic Republic of Iran, Italy, Japan, Latvia, Lithuania, Luhansk People’s Republic, Luxembourg, Malta, Martinique, Mayotte, Netherlands, Poland, Portugal, Republic of Cuba, Réunion, Romania, Russian Federation, Saint Martin (French part), Slovakia, Slovenia, Spain, Sweden, United Kingdom, United States of America and its territories.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.For clarity, references to “USD1” in the content above are not direct acronyms of the “United States Dollar” fiat currency unless otherwise specified.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Binance reserves the right to suspend any user's Margin borrowing at any time, without prior notice, in its sole discretion, if any abnormal or suspicious activity is detected.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-09 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramWhatsAppXFacebookInstagramDiscord Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. The APR is calculated weekly, and is expressed as an annualised percentage yield for illustrative purposes only. Each APR is not indicative of future results. The APR is likely to fluctuate week-to-week and the estimated rewards may differ from the actual rewards generated. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use, and our Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.

Polymarket launches contract trading feature, supporting select crypto and stock assets.

According to its official page, Polymarket has launched a derivatives trading feature, currently supporting 10 assets including BTC, ETH, SOL, HYPE, gold, silver, the S&P 500, Nasdaq 100, WTIOIL, and SPCX, with a maximum leverage of 20x.

14 minutes ago

SMIC surpassed Kweichow Moutai in market capitalization.

According to Bitget data, SMIC’s A-share price rose nearly 15%, pushing its total market capitalization to 1.49 trillion yuan. Kweichow Moutai is currently down 1.43%, with a total market cap of 1.48 trillion yuan. (Jinshi)

14 minutes ago

Bitcoin breaks through $63,000

According to HTX market data, Bitcoin has broken through the $63,000 mark, with a 0.74% rise in the past 24 hours.

14 minutes ago

US tech stocks are experiencing one of the most volatile periods in history, with the volatility ratio of the Nasdaq 100 to the S&P 500 hitting a 23-year high.

The Kobeissi Letter noted in a post that tech stocks are experiencing one of the most volatile periods in history. The ratio of the Nasdaq 100 Volatility Index (VXN) to the S&P 500 Volatility Index (VIX) has risen to 1.7, its highest level in 23 years. This marks the first time the ratio has topped 1.5 since 2018. By comparison, the metric peaked at around 1.6 during the 2008 financial crisis. Currently, VXN stands at 28 points, while VIX is at 16 points – the latter is 43% lower than the former. VXN has remained above the 20-point threshold for five consecutive months, the longest such stretch since the 2022 bear market. Markets are pricing in significant volatility risk for tech stocks.

14 minutes ago

A crypto whale closed a $100 million BTC short position, earning a profit of $5.28 million.

According to monitoring by Onchain Lens, a whale closed a $100 million Bitcoin (BTC) short position, earning a profit of $5.28 million. Wallet address 0xcf9 opened the short on June 2 at $68,859 and closed it one hour ago at $62,314, holding the position for 36 days.

14 minutes ago

Nvidia will collaborate with Hugging Face to develop open-source robotics models.

NVIDIA has announced a partnership with Hugging Face to co-develop open-source foundation models for robotics, combining its GPU ecosystem and CUDA technology, along with Hugging Face’s extensive model library and developer community, to significantly lower the barriers to AI training and deployment for robotics. (Jinshi)

14 minutes ago

Key Takeaways BTC declined 2.1% to approximately $62,115 following Trump’s announcement that the US-Iran ceasefire has ended Brent crude oil prices spiked, momentarily exceeding $80 per barrel Crypto analyst Michaël Van de Poppe identified $61,000 as a critical support threshold Federal Reserve meeting minutes revealed internal disagreement about potential rate increases, pressuring risk-on assets Bitcoin spot ETFs in the US recorded three consecutive days of positive net flows despite price weakness Bitcoin experienced a decline exceeding 2% on Wednesday as heightened tensions between the United States and Iran disrupted global financial markets and triggered a sharp rally in crude oil prices.

Bitcoin (BTC) Price The leading cryptocurrency by market capitalization retreated to approximately $62,115, down from levels above $64,600 observed earlier in the trading week. The pullback intensified after President Donald Trump, addressing attendees at the NATO summit in Ankara, Turkey, declared the ceasefire arrangement “over.”

US military forces conducted strikes targeting Iranian positions on Tuesday in response to assaults on three commercial oil vessels operating near the strategically vital Strait of Hormuz. Tehran retaliated with its own military actions. Trump further cautioned that Iran would face another “hard” strike that evening, with the Pentagon subsequently confirming additional operations had been executed.

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Trump indicated the possibility of reinstating a naval blockade targeting Iranian ports. Additionally, Washington revoked a general license that had previously permitted Iranian oil production and sales activities.

Brent crude futures momentarily surpassed the $80 per barrel threshold, marking their strongest performance since June 22. Meanwhile, US WTI crude climbed past $75 per barrel during the session.

Federal Reserve Concerns Add Downward Pressure Minutes from the Federal Reserve’s June 16-17 policy meeting, published Wednesday, revealed significant disagreement among committee members regarding the appropriate trajectory for interest rates. Several participants advocated for immediate rate increases.

The majority of participants highlighted multiple scenarios where inflationary pressures could remain persistent, citing potential energy supply disruptions in the Middle East, artificial intelligence-driven demand growth, and tariff implementations. Recent CME FedWatch data indicates increasing probability of a rate hike at the September policy meeting. Traders on prediction platform Kalshi currently assign 55% odds to a rate increase occurring sometime in 2026.

Elevated interest rate expectations typically create headwinds for speculative investment vehicles including digital currencies.

Cryptocurrency analyst and trader Michaël Van de Poppe shared on X that Bitcoin might test the $61,000 support zone. He elaborated: “This to happen, and then 1-2 days later; we’re in talks again. And the markets reverse.” Van de Poppe had previously indicated there was “no problem” with Bitcoin’s price movement provided it maintained levels above $60,000.

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Analyst Ted, writing on X, observed that Bitcoin had developed a hidden bearish divergence pattern on its daily timeframe chart, cautioning: “$BTC has formed a hidden bearish divergence on the daily timeframe. Bitcoin needs to reclaim $62,500 soon, or else things could get ugly.”

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Exchange-Traded Fund Inflows Remain Strong Notwithstanding the price decline, US-listed spot Bitcoin exchange-traded funds logged three consecutive trading sessions of net positive inflows through Tuesday, per SoSoValue tracking data. This trend helped offset a prior sequence of outflows and bolstered Bitcoin’s rebound from its late-June price lows.

Glassnode analytics revealed that Bitcoin has been trading beneath its True Market Mean level of $76,600 and the short-term holder cost basis of $72,200 for approximately five months. Daily ETF trading volumes ranging from $650 million to $950 million represent roughly 80% below the peak levels recorded in October 2025.

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