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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.

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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Source: Binance EN

This is a general informational announcement and is not a promotion. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance introduces the Binance FPSL (Fully Paid Securities Lending) HODL Leaderboard for Stocks users. Eligible participants can earn up to 388 USDC in rewards based on their leaderboard ranking. Activity Period: 2026-07-06 12:00 (UTC) to 2026-08-02 23:59 (UTC) Explore Now Eligibility: All users who successfully enabled the FPSL (Fully Paid Securities Lending) function and opted-in to the Activity are eligible. Eligible assets: U.S.-listed stocks and ETFs on Binance that are fully settled (T+1 trading day). How to Participate: Step 1: Visit the landing page and opt-in by clicking the [Join Now] button. Step 2: Turn on the FPSL (Fully Paid Securities Lending) function for your stocks holdings. Step 3: HODL your stocks while your FPSL is on. The more stocks you lent successfully and the longer the duration, the higher your rank. Note: Alpaca will automatically lend the shares based on market demand from your account after you turn on FPSL and will not notify you in advance. Reward Structure: Eligible Users’ Rankings Based onTheir Stock Holdings * Number of Days FPSL EnabledDistribution per Eligible User (in Token Vouchers)1st Place388 USDC2nd - 3rd Places188 USDC4th - 5th Places88 USDC6th - 10th Places68 USDC11th - 20th Places28 USDC21st - 50th Places18 USDC51st - 100th Places8 USDC Important Notes: Rankings are not updated in real time. It is calculated and refreshed daily on a T+1 basis based on the number of days FPSL is enabled * the user’s stock holdings while the FPSL function is enabled.The Fully Paid Securities Lending Program allows the institutional borrower to borrow eligible assets from eligible users’ stocks holdings under their Binance account. Interest will be credited to eligible users’ accounts every month when the eligible assets are lent out.Alpaca will automatically lend the shares based on market demand from eligible users’ accounts once they enable the FPSL function. Users will not be notified in advance.The daily interest is calculated based on the market value of the user’s loaned shares, the annualized lending rate (determined by market demand), and their share of the gross lending fee. Stocks in high demand for short selling typically earn higher rates.Formula (simplified):Interest = Market Value of Loaned Shares * Annualized Lending Rate * User’s Share % / 365 * Days on LoanLending eligible assets will not affect any of the user’s trading activities. Users can still sell the eligible assets at any time. When the user sells a stock that is currently on loan, the loan is automatically recalled. Interest stops accruing from the time of sale. However, the leaderboard will be based on the user’s stocks AUM, and their ranking may be affected after that. Terms and Conditions: During the Activity Period, the terms and conditions below terms (“Discount Terms”) apply in addition to the following: (a) Binance Terms of Use; (b) Binance Privacy Notice; and (c) Securities Trading Product Terms. all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Users must confirm their participation and enable the FPSL function for their stocks during the Activity Period to be eligible for rewards.Distributions are limited to the top 100 eligible users ranked by the number of days FPSL is enabled * Stocks holdings while the FPSL function is enabled during the Activity Period, subject to Binance’s final verification.Rankings are updated daily (T+1). Data delays, system adjustments, cancellations, reversals, failed lending events, or other anomalies may impact displayed rankings and final results.Distribution:All USDC token vouchers will be distributed to eligible users by 2026-08-20.Users will be able to login and redeem their token voucher via Profile > Rewards Hub. All token vouchers will expire within 21 days after distribution. Eligible users should claim their vouchers before the expiration date, and no replacement will be provided. Learn how to redeem a Binance voucher.Please note that the actual value received by a user is subject to change due to market fluctuation.Final results are not negotiable nor transferable.Once the available distribution for the FPSL (Fully Paid Securities Lending) HODL Leaderboard has been allocated to users, no further distribution will be provided notwithstanding that an eligible user may have eligible stocks holdings.A user’s stocks holdings in this Stocks HODL Leaderboard will be calculated only after the user has opted-in. Binance reserves the right to disqualify a user’s 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 these activities, the eligibility terms and criteria, the selection and number of reward recipients, and the timing of any act to be done, and all participants shall be bound by these amendments.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 2026-07-07 Disclaimer: Nest Trading Limited acts as your introducing broker and routes your orders for Securities to its clearing broker partner, Alpaca Securities LLC, for execution, clearing, settlement and custody. Binance does not handle or custody your Securities. Securities are subject to high market and liquidity risk and price volatility (particularly outside traditional market hours). 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. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. Binance may receive payment for order flow remuneration for directing your orders. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use, Securities Trading Product Terms and Risk Warning. Binance ADGM entities are regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Markets (ADGM) as follows: (1) Nest Exchange Limited is recognised as a Recognised Investment Exchange (Derivatives), with a stipulation to Operate a Multilateral Trading Facility; (2) Nest Clearing and Custody Limited is recognised as a Recognised Clearing House, with a stipulation to Provide Custody and operating a Central Securities Depository; (3) Nest Trading Limited is authorised to carry out the following Regulated Activities: (i) Dealing in Investments as Principal; (ii) Dealing in Investments as Agent; (iii) Arranging Deals in Investments; (iv) Managing Assets; (v) Providing Money Services; and (vi) Arranging Custody.

Morningstar: Samsung Electronics' revenue expectations may disappoint investors.

Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.

2 minutes ago

Citi assigns SpaceX a "Buy" rating, with a target price of $200.

Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.

2 minutes ago

He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.

Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."

2 minutes ago

Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.

Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.

2 minutes ago

US stock storage sector is generally down in pre-market trading, with Western Digital falling more than 6%.

According to BIT (bit.com) market data, the US stock market's storage sector is seeing broad pre-market declines, with Seagate Technology (STX) down 4.96%, Western Digital (WDC) down 6.14%, SanDisk (SNDK) down 5.43%, and Micron Technology (MU) down 5.46%.

2 minutes ago

Nansen has integrated Hyperliquid perpetual contract trading, supporting smart money and on-chain data analysis.

According to official announcements, blockchain analytics platform Nansen has officially launched Hyperliquid Perpetual (Perp) trading functionality, now available to all web and mobile users. Users can execute Hyperliquid perpetual trades directly within Nansen while tracking on-chain activities of Smart Money, whale addresses, and prominent investors, with real-time access to key metrics including funding rates, long-short position ratios, and wallet-level position distributions—enabling an integrated "research-to-trade" experience. Nansen added that the platform has also launched the Hyperliquid Perps Leaderboard, which supports filtering by Smart Money, whales, and top traders, and sorting by performance over the past 7 days, 30 days, or all-time, helping users quickly identify top-performing wallet addresses. Additionally, users can deposit funds from external wallets within the app, bridge assets from connected Solana or Base wallets to Hyperliquid, and receive asset transfers directly from other Hyperliquid addresses. Beyond trading features, Nansen has expanded its data coverage of the Hyperliquid ecosystem, including on-chain activity monitoring for HyperFND and the Hyperliquid Data API. Users can track real-time active HyperEVM addresses, contract deployments, and ecosystem growth, while development teams can access real-time Smart Money perpetual positions, unrealized profit and loss (PnL), account health, full transaction history, and performance data via the API—supporting quantitative analysis, strategy development, and application building.

2 minutes ago

Source: Binance EN

This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance Earn is excited to renew the campaign for the USDC Simple Earn Flexible Products! During the Promotion Period, users who subscribe to USDC Flexible Products may enjoy up to 7% APR, which includes an exclusive Bonus Tiered APR on top of Real-Time APR rewards. How to Participate Promotion Period: 2026-07-08 00:00:00 (UTC) to 2026-07-31 23:59:59 (UTC)Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.Rewards Distribution:Bonus Tiered APR: Distributed to users’ Spot Accounts on a daily basis. The first reward will be given the day after accrual starts (two days after subscription).Real-Time APR: Accrued and directly accumulated in users’ Earn Accounts every minute. Offered Products Digital AssetDurationAPR During Promotion PeriodMin. Subscription Limit per UserMax. Subscription Limit per UserTier Range: Subscription Amount ≤ 200 USDCTier Range: Subscription Amount > 200 USDCUSDCFlexible7%(including 5% Bonus Tiered APR and approximately 2% Real-Time APR)2%(Approximately 2% Real-Time APR)0.01 USDC300,000,000 USDC How to Get Started with USDC Flexible Products: Users can buy USDC on the Buy Crypto page, which supports local and international payment methods including Visa and Mastercard cards, Apple Pay, Google Pay, account balances and SWIFT Bank Transfer (corporate user exclusive). Users can also deposit USDC to their Binance account. Head to [Simple Earn], and search for USDC. Select FLEXIBLE, and subscribe to USDC Simple Earn Flexible Products to start earning exclusive APR Rewards! Start Earning Now! Terms & Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users who complete identity verification during the Promotion Period can qualify for rewards in the Promotion, and only master accounts qualify for rewards in the Promotion. Sub-accounts are not eligible to receive rewards. The products or features referred to above may not be available in your region. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Changes to the Binance Simple Earn Rewards Rate will be published on the Platform from time to time. Please refer to Binance Simple Earn Terms & Conditions and Risk Warning for more information prior to using Binance Simple Earn. Rewards:Real-Time APR is subject to change every minute, please refer to the respective product page(s) for accurate information. Real-Time APR rewards are accrued and directly accumulated in users’ Earn Accounts every minute.Bonus Tiered APR is offered as an additional reward on top of Real-Time APR. Upon subscription, Bonus Tiered APR rewards start to accrue the next day starting from 00:00 (UTC) based on the snapshot of your subscribed amounts to the Flexible Product of the day, which will be taken randomly between 00:00:00 to 23:59:59 (UTC) daily. Rewards will start to be distributed the following day after accrual starts between 00:00 (UTC) and 08:00 (UTC) to the user’s Spot Account.Any redemption of Flexible Products made between 00:00:00 (UTC) and 00:00:00 (UTC) of the following day will stop the accrual of Bonus Tiered APR rewards on the redeemed amount for that day.Redemptions of Flexible Products will be processed starting with assets that have accrued rewards. Users can check the rewards history from the Earn History. Bonus Tiered APR rewards are calculated based on the subscribed amounts and are subject to the respective tier limit for each token. Please refer to the FAQ for more details.All users who hold open positions for USDC Flexible Products will receive both Real-Time APR and Bonus Tiered APR rewards during the Promotion Period. Once the Promotion ends, users will be entitled to Real-Time APR rewards only. APR rewards are distributed from Binance’s own funds, and are determined based on the assessment and evaluation of prevailing market conditions. The Activity's subscription amount of each user has an upper limit. When the upper limit is reached, users will no longer be able to subscribe.A large amount of redemption requests might delay redemption temporarily. Redemptions may resume upon return of liquidity.Users can view their Flexible Products assets by going to Assets > Earn > Simple Earn.Redemption time for Flexible Products subscriptions: Instant. 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. 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 2026-07-07 USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.

Zcash Price Forecast: ZEC hits a make-or-break level as retail demand loses conviction

On-chain analytics firm Santiment flagged that PAX Gold (PAXG) daily active addresses hit an all-time high on July 6, while network realized profits surged to a five-month peak. The combination paints a clear picture: holders are locking in gains during gold’s broader rally, and more wallets than ever are engaging with the tokenized commodity.

The numbers behind the gold rush PAXG was trading near $4,150 in early July, which might sound impressive until you remember it touched roughly $5,619 on January 29. That’s a decline of about 26% from its all-time high.

Yet the token’s market capitalization still sits at approximately $1.8 billion, backed by a circulating supply of around 452,000 tokens. Each one represents a single fine troy ounce of London Good Delivery gold, stored in LBMA-approved vaults.

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The five-month high in realized profits tells us that a meaningful number of PAXG holders bought in at lower prices and are now selling into strength.

Why tokenized gold keeps gaining traction PAXG is issued by Paxos Trust Company, a New York-based regulated trust company that publishes monthly transparency reports confirming the 1:1 physical gold backing.

Paxos launched PAXG back in September 2019. Each PAXG token is fully redeemable for one troy ounce of investment-grade gold stored in segregated LBMA-approved vaults, and the token operates as an ERC-20 asset on Ethereum, meaning it can be moved, swapped, and settled on-chain.

What this means for investors The record active address count suggests PAXG is moving beyond its original audience. When wallet activity hits all-time highs on a $1.8 billion market cap asset, it signals that the user base is expanding, not just churning.

The profit-taking dynamic deserves careful attention. When realized profits spike alongside rising active addresses, it can sometimes precede short-term price consolidation. The 26% drawdown from January’s peak suggests that PAXG isn’t immune to the same supply-demand dynamics that govern every other traded asset.

The competitive landscape for tokenized gold is worth monitoring. Tether’s XAUT is the primary rival, and market share shifts between the two tend to follow regulatory sentiment. Paxos’ status as a regulated trust company and its consistent monthly attestations give PAXG an edge with institutional allocators who need compliance checkboxes ticked before they can deploy capital.

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

Bank of America Securities maintains MINIMAX 'Buy' rating, with a target price of HK$500.

Bank of America Securities noted in a research report that the six-month lock-up period for MINIMAX-W will expire tomorrow (the 8th), which is expected to cause stock price volatility. However, the stock may be included in the Hong Kong Stock Connect on August 6, a development that could provide liquidity support. The broker maintains a "Buy" rating on MiniMax, with a target price of HK$500.

10 minutes ago

Analysis: Strategy Makes First Large-Scale BTC Sell in Five Years, No Excessive Panic Seen in the Market

Crypto Quant analyst Axel Adler Jr noted in a post that Strategy (formerly MicroStrategy) recently sold 3,588 Bitcoin (BTC) worth approximately $216 million, marking the company’s largest-ever BTC sale. No significant market selloff followed, with BTC prices remaining around $63,000. This is Strategy’s first large-scale net BTC sale since December 2022. The sale was completed in two batches: 1,363 BTC sold between June 29 and 30 at an average price of ~$59,256, generating $80.8 million; and 2,225 BTC sold between July 1 and 5 at an average of ~$60,773, netting $135.2 million, for total proceeds of ~$216 million. The funds will primarily be used to cover preferred stock obligations and replenish USD reserves, and do not represent a shift in Strategy’s long-term Bitcoin strategy. The company currently holds approximately 843,775 BTC, with USD reserves of ~$2.55 billion. The sale accounts for only ~0.4% of its BTC holdings, positioning it as a liquidity management move rather than a reduction signal. In derivatives markets, the sale news sharply cooled Bitcoin futures sentiment: the Composite Market Index fell from ~80 (bullish territory) on July 6 to 32.6 (bearish zone), near 20, indicating leveraged funds are turning defensive. BTC’s price reaction was limited, remaining above its 30-day fair value. Markets view the sale as a passive liquidity operation, not a systemic exit from Bitcoin by Strategy. The current market is in a "neutral to cautious" state: prices remain relatively stable, but derivatives positions have weakened significantly. If the Composite Market Index rebounds above 55, market risk appetite may recover; if it stays below 45 long-term, BTC could further drop below its fair value.

10 minutes ago

Coinbase Bitcoin Premium Index has been in negative premium for 50 consecutive days, extending its all-time longest streak.

According to Coinglass data, the Coinbase Bitcoin Premium Index has stayed in negative premium territory for 50 consecutive days since May 19, with the latest reading at -0.0742%, extending the longest consecutive negative premium record since the index’s launch. Prior to this, the index recorded 40 straight days in negative premium from January 16 to February 24 this year, surpassing the previous record of roughly 30 consecutive days set during the "1011 Crash". Historical data indicates that prolonged negative premium is typically accompanied by U.S. institutional capital outflows, or signals that the market faces certain short-term correction pressure.

10 minutes ago

Predict.fun World Cup Knockout Stage: Argentina's Advancement Probability Reaches 85%, Egypt's Upset Probability Only 14%

According to data from prediction market platform Predict.fun, the 2026 FIFA World Cup Round of 16 will feature Argentina vs Egypt. As of press time, the market gives Argentina an approximately 85% chance of advancing, while Egypt holds a roughly 14% probability, with traders generally favoring defending champions Argentina to reach the quarterfinals. Notably, both sides fought 120 minutes to narrowly advance in their previous rounds: Argentina eliminated Cape Verde in extra time, leaving their defensive line and physical condition somewhat tested; Egypt defeated Australia via penalty shootout, securing their best World Cup performance in team history. This match will also mark the first direct World Cup showdown between Messi and Salah.

10 minutes ago

Former Tether Chief Investment Officer plans to sell a portion of their 1.26% stake.

Former Tether Chief Investment Officer Richard Heathcote plans to sell part of his stake in Tether, which currently stands at approximately 1.26%. The secondary equity sale is being handled by PJT Partners, and the firm is currently in talks with potential buyers.

10 minutes ago

An ETH whale is suspected of exiting via stop-loss, facing a $2.785 million loss if it sells.

According to monitoring by on-chain tracker ai_9684xtpa, address 0x907…CC0a9 deposited 1,988 ETH to Bybit four hours ago, valued at roughly $3.53 million. The address previously built a position of 6,000 ETH at an average price of $3,178.78 on January 20 this year. If it sells all the ETH deposited in this transfer, it will suffer a loss of approximately $2.785 million. Calculated at the current deposit price of around $1,777.49, its position has shrunk by about 44% over more than five months.

10 minutes ago

Bank of America Securities maintains MINIMAX 'Buy' rating, with a target price of HK$500.

Bank of America Securities noted in a research report that the six-month lock-up period for MINIMAX-W will expire tomorrow (the 8th), which is expected to cause stock price volatility. However, the stock may be included in the Hong Kong Stock Connect on August 6, a development that could provide liquidity support. The broker maintains a "Buy" rating on MiniMax, with a target price of HK$500.

10 minutes ago

Analysis: Strategy Makes First Large-Scale BTC Sell in Five Years, No Excessive Panic Seen in the Market

Crypto Quant analyst Axel Adler Jr noted in a post that Strategy (formerly MicroStrategy) recently sold 3,588 Bitcoin (BTC) worth approximately $216 million, marking the company’s largest-ever BTC sale. No significant market selloff followed, with BTC prices remaining around $63,000. This is Strategy’s first large-scale net BTC sale since December 2022. The sale was completed in two batches: 1,363 BTC sold between June 29 and 30 at an average price of ~$59,256, generating $80.8 million; and 2,225 BTC sold between July 1 and 5 at an average of ~$60,773, netting $135.2 million, for total proceeds of ~$216 million. The funds will primarily be used to cover preferred stock obligations and replenish USD reserves, and do not represent a shift in Strategy’s long-term Bitcoin strategy. The company currently holds approximately 843,775 BTC, with USD reserves of ~$2.55 billion. The sale accounts for only ~0.4% of its BTC holdings, positioning it as a liquidity management move rather than a reduction signal. In derivatives markets, the sale news sharply cooled Bitcoin futures sentiment: the Composite Market Index fell from ~80 (bullish territory) on July 6 to 32.6 (bearish zone), near 20, indicating leveraged funds are turning defensive. BTC’s price reaction was limited, remaining above its 30-day fair value. Markets view the sale as a passive liquidity operation, not a systemic exit from Bitcoin by Strategy. The current market is in a "neutral to cautious" state: prices remain relatively stable, but derivatives positions have weakened significantly. If the Composite Market Index rebounds above 55, market risk appetite may recover; if it stays below 45 long-term, BTC could further drop below its fair value.

10 minutes ago

Coinbase Bitcoin Premium Index has been in negative premium for 50 consecutive days, extending its all-time longest streak.

According to Coinglass data, the Coinbase Bitcoin Premium Index has stayed in negative premium territory for 50 consecutive days since May 19, with the latest reading at -0.0742%, extending the longest consecutive negative premium record since the index’s launch. Prior to this, the index recorded 40 straight days in negative premium from January 16 to February 24 this year, surpassing the previous record of roughly 30 consecutive days set during the "1011 Crash". Historical data indicates that prolonged negative premium is typically accompanied by U.S. institutional capital outflows, or signals that the market faces certain short-term correction pressure.

10 minutes ago

Predict.fun World Cup Knockout Stage: Argentina's Advancement Probability Reaches 85%, Egypt's Upset Probability Only 14%

According to data from prediction market platform Predict.fun, the 2026 FIFA World Cup Round of 16 will feature Argentina vs Egypt. As of press time, the market gives Argentina an approximately 85% chance of advancing, while Egypt holds a roughly 14% probability, with traders generally favoring defending champions Argentina to reach the quarterfinals. Notably, both sides fought 120 minutes to narrowly advance in their previous rounds: Argentina eliminated Cape Verde in extra time, leaving their defensive line and physical condition somewhat tested; Egypt defeated Australia via penalty shootout, securing their best World Cup performance in team history. This match will also mark the first direct World Cup showdown between Messi and Salah.

10 minutes ago

Former Tether Chief Investment Officer plans to sell a portion of their 1.26% stake.

Former Tether Chief Investment Officer Richard Heathcote plans to sell part of his stake in Tether, which currently stands at approximately 1.26%. The secondary equity sale is being handled by PJT Partners, and the firm is currently in talks with potential buyers.

10 minutes ago

An ETH whale is suspected of exiting via stop-loss, facing a $2.785 million loss if it sells.

According to monitoring by on-chain tracker ai_9684xtpa, address 0x907…CC0a9 deposited 1,988 ETH to Bybit four hours ago, valued at roughly $3.53 million. The address previously built a position of 6,000 ETH at an average price of $3,178.78 on January 20 this year. If it sells all the ETH deposited in this transfer, it will suffer a loss of approximately $2.785 million. Calculated at the current deposit price of around $1,777.49, its position has shrunk by about 44% over more than five months.

10 minutes ago

Ill Bloom Vulnerability Drains $3.1 Million From Crypto Wallets: Are You Exposed?

Key Highlights SOL declined 1.7% but maintained stability above critical support zones as BTC and ETH ETFs experienced capital withdrawals Spot Solana ETFs in the United States attracted $5.75 million in net capital during this timeframe Non-vote transaction volume exceeded 1 billion on a weekly basis, marking a historic first for the network Active wallet addresses jumped from 16.8 million to 29.7 million over a 14-day period The network claimed the top position among all Layer 1 and Layer 2 platforms for decentralized application revenue and DEX trading volume Solana (SOL) experienced a 1.7% decline, settling near the $79–$80 range throughout the most recent tracking period, mirroring Bitcoin’s 1.65% downturn. The broader cryptocurrency market capitalization contracted 1.47% to reach $2.14 trillion. However, SOL successfully defended critical support thresholds despite the downward pressure.

Solana (SOL) Price The digital asset remains approximately 73% beneath its record peak of $294.33, achieved on January 19, 2025.

The notable development this week centered on Solana’s contrasting ETF performance relative to broader market trends. Spot Bitcoin ETF products registered $527 million in net capital outflows from June 29 through July 2 — marking their eighth consecutive week of redemptions. Spot Ethereum ETF vehicles shed $13.67 million over the identical period.

Source: SoSoValue Solana demonstrated opposite momentum. U.S.-listed spot SOL ETF products captured $5.75 million in net capital inflows. XRP ETF vehicles accumulated $17.19 million, while HYPE ETF products gathered $4.32 million.

Network Metrics Reach Unprecedented Levels Blockchain utilization achieved a groundbreaking benchmark during the previous week. SolanaFloor validated that weekly non-vote transaction counts surpassed one billion for the first occasion in the network’s existence. These transactions represent authentic user engagement, application interactions, and trading operations — excluding validator consensus votes — establishing this as a significant indicator of legitimate network activity.

Crypto analyst Michaël van de Poppe provided commentary on Solana’s technical positioning. He indicated the fundamental thesis for $SOL remains consistent — the asset is re-entering its trading range with expectations for minor retracement before upward momentum resumes. He emphasized the importance of maintaining $75–$77 as foundational support, suggesting that successful defense of these levels could propel movement toward $100 and potentially $120 throughout the upcoming weeks and months.

The theory on $SOL remains the same.

It's breaking back into the range, and having a slight pullback before upwards continuation is on the board.

I'd want to see $75-77 hold as support.

If that holds, we'll be seeing a continuation towards $100 and most likely $120 over the… pic.twitter.com/aIuDdIjnpC

— Michaël van de Poppe (@CryptoMichNL) July 5, 2026

Active wallet addresses experienced dramatic expansion, ascending from 16.8 million to 29.7 million within a two-week window — representing approximately 76.8% growth. Solana additionally secured first-place rankings among all Layer 1 and Layer 2 blockchain platforms for both 24-hour and seven-day decentralized application revenue metrics, while commanding DEX volume leadership across matching timeframes. Polygon, Ethereum, Base, BNB Chain, and Hyperliquid trailed behind.

Technical Analysis Shows Consolidation Between Key Levels Regarding trading activity, Solana secured second-place globally for the consecutive second week, facilitating $12.25 billion across centralized and decentralized exchange platforms. This performance exceeded Bybit’s $10.57 billion, although Binance maintained overall market leadership.

Examining the daily timeframe, SOL trades above its 20-, 50-, and 100-day moving average indicators. The MACD histogram sustains bullish positioning, despite momentum cooling following the previous week’s 15% advance.

The RSI indicator on the four-hour timeframe registered readings near 51–53, reflecting neutral directional momentum. The Supertrend indicator positioned below current price action around $78.30. Near-term resistance clusters approximately at $84–$85, whereas support structures at $78 and $76 represent critical monitoring zones.

The most recent trading price at publication time measured approximately $80.34.

South Korea’s leading cryptocurrency exchanges, Upbit, Bithumb, and Coinone, have announced they have added the Solana-based memecoin Bonk (BONK) to their delisting watchlist. This decision raises questions about BONK’s future in the South Korean market and serves as a significant risk warning for investors.

Exchanges have announced that BONK has been added to a “delisting watchlist.” Such lists typically indicate that the asset will be more closely examined in terms of its project structure, market performance, liquidity, regulatory risks, or investor protection. The review process may result in the token continuing to be traded, or it may be delisted entirely from exchanges.

The fact that major South Korean platforms with high trading volumes, such as Upbit, Bithumb, and Coinone, are simultaneously taking a similar step for BONK increases the significance of this development for the market. This is because South Korean exchanges can sometimes have a decisive influence on trading volume and price movements, especially in the altcoin and memecoin markets.

Bonk has emerged as one of the best-known memecoin projects in the Solana ecosystem, attracting attention with its strong price increases in the past. However, the inherently high volatility of memecoins can lead to closer monitoring by exchanges. Its inclusion in the delist watchlist indicates that BONK is now considered to be in a higher-risk category.

Experts say that in such situations, investors should focus not only on price movements but also closely monitor official announcements from exchanges, the reasons for the review process, and potential delisting schedules. While BONK’s inclusion on the watchlist is considered a development that could create selling pressure on the token in the short term, the final decision will depend on the exchanges’ subsequent review results.

*This is not investment advice.

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Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) meme coins are trading lower on Tuesday as bullish momentum fades following last week's rally. DOGE retreats after failing to overcome a resistance level, while SHIB remains capped below a descending trendline. Meanwhile, PEPE is pulling back as traders lock in profits following its double-digit gains last week.

Dogecoin extends losses after rejecting key resistanceDogecoin price extends its correction, trading below $0.0745 on Tuesday after facing rejection at the weekly resistance level of $0.0782 and losing 1.5% in the previous day.

If DOGE continues its correction, it could extend the losses toward the yearly low of $0.0695.

The Relative Strength Index (RSI) on the daily chart reads 35, pointing to oversold territory and indicating bearish momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) showed a bullish crossover on July 3 that remains intact, supporting a positive outlook.

DOGE/USDT daily chartHowever, if DOGE recovers, it could extend the advance toward the weekly resistance at $0.0782.

Shiba Inu fails to close above the descending trendlineShiba Inu price recovered over 6% in the previous week and retested the descending trendline near $0.0000045, which roughly coincides with the daily resistance level. On Sunday, SHIB failed to close above this resistance zone and then declined by more than 3% over the next two days, trading below $0.0000043 on Tuesday.

If SHIB continues its correction, it could extend the losses toward the yearly low of $0.0000040.

Like DOGE, SHIB's RSI and MACD indicators send mixed signals. The RSI remains below the neutral level, indicating bearish momentum; the MACD continues to flash a bullish crossover, hinting at improving underlying momentum.

SHIB/USDT daily chartOn the other hand, if SHIB recovers, it could extend the advance toward the daily resistance at $0.0000045.

Pepe takes a breather after massive gainsPepe price rose over 16% in the previous week. Such a massive rally generally triggers profit-taking among traders, causing the meme coin to pull back. As of Monday, the start of this week, PEPE experienced a slight correction and continues its pullback on Tuesday.

If PEPE continues its pullback, it will extend the decline toward the daily support at $0.0000025, which roughly coincides with the trendline support.

The RSI reads 47, slipping below the neutral 50 level, indicating fading bullish momentum. The MACD showed a bullish crossover on July 3, which remains intact, supporting a positive outlook.

PEPE/USDT daily chartOn the other hand, if PEPE recovers, it could extend the advance toward the 50-day Exponential Moving Average (EMA) at $0.0000029.

While crypto firms have been elbowing their way into major sporting events for years, one of the biggest sponsorship deals at the 2026 FIFA World Cup is refreshingly analog. Michelob Ultra, Anheuser-Busch’s low-carb beer brand, is the Official Beer Sponsor of the tournament, and its marquee activation, the “Superior Player of the Match” trophy, involves zero blockchain, zero NFTs, and zero fan tokens.

The latest recipient of that trophy is Belgian forward Charles De Ketelaere, who earned the honor after scoring twice in Belgium’s 4-1 dismantling of the United States in the Round of 16 on July 6-7, 2026. It’s a straightforward fan-voted award.

What happened on the pitch De Ketelaere, the 25-year-old Atalanta attacker, was the decisive figure as Belgium knocked the host nation out of the World Cup. His two goals anchored a comprehensive Belgian performance that ended 4-1, sending the US home and advancing Belgium to the quarterfinals.

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The “Superior Player of the Match” trophy he received was designed in collaboration with artist Victor Solomon. Lionel Messi, who holds the all-time record with 11 Player of the Match awards in World Cup history, unveiled the trophy back in December 2025 as part of Michelob Ultra’s global campaign launch.

The award is determined by fan votes after each match, giving supporters a direct say in recognizing standout individual performances.

The crypto-shaped hole in sports sponsorships Rewind to the 2022 FIFA World Cup in Qatar. Crypto.com was everywhere. Algorand was an official FIFA blockchain partner. Budweiser (also Anheuser-Busch, notably) launched NFT campaigns tied to the tournament. Fan token platforms like Socios saw surges in activity around national team tokens.

Fast forward four years, and the same parent company behind Budweiser is running its World Cup sponsorship through Michelob Ultra with a completely traditional marketing playbook. No token-gated voting. No digital collectible trophies minted on-chain. No QR codes leading to a wallet download. Just a beer brand, a trophy, and a fan vote.

The 2026 World Cup, co-hosted across the US, Canada, and Mexico, is the biggest stage in global sports. The fact that beer money, not token money, is funding the individual player awards says something about which sponsors FIFA is prioritizing this cycle.

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

Layer-1 blockchains will come under increasing pressure to sacrifice decentralization for speed and efficiency as adoption of the technology grows, according to Injective CEO Eric Chen.

This pressure will come from the need to satisfy users’ desire for faster speeds or more block space for higher throughput, Chen told Cointelegraph’s Chain Reaction podcast on Monday. 

“In our mind, it’s essentially about finding scaling opportunities without compromising the fundamental pillars that define what a blockchain is,” he said. 

With blockchain adoption accelerating due to institutional adoption and agentic AI finance, this tension is about to be tested on a much larger scale. Part of crypto’s original pitch was to create a “trustless” financial system in which individuals could transact without relying on traditional intermediaries. 

Centralization comes with risksChen said centralizing is the easy way out — “it might be a very, very easy choice to move everyone in the same data warehouse, or literally have a leader validator that calls all the shots for everyone” — but warned this creates a single point of failure: “If that one server has a certain fault, the entire chain goes down.”

Eric Chen chats with Ciaran Lyons on the Chain Reaction. Source: Cointelegraph 

Chen added that for Injective — an interoperable layer-1 blockchain designed for DeFi applications — it’s about “figuring out ways to optimize the entire chain,” and there are other opportunities to do this without reducing block time. 

One option he suggested was “scaling venues,” where there are “dedicated zones” and layer-2 scaling to ensure that all the high-demand transactions can make it through.

“It’s always a constant tug-of-war, and it’s about keeping the fundamental pillars and then kind of seeing where the space moves.”The blockchain trilemma remains a challengeIt is said the perfect blockchain boasts three elements: security, decentralization and scalability. The principle of the blockchain trilemma is that it is only possible to fully optimize two of the three properties at once. 

Decentralization means no single point of control, with many independent participants validating the network. Security means resistance to attacks, fraud and manipulation. Scalability means the ability to handle high transaction volumes at speed.

Pushing too hard on any one, such as scalability, will result in sacrificing another, such as decentralization, Chen said. 

The blockchain trilemma. Source: OKX

Magazine: AI is banking the unbanked in Africa... faster than crypto

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

The Sui blockchain has reached a major network performance milestone, but this development has yet to trigger a significant price rally for the SUI token. At the time the news was compiled, SUI was trading at $0.7317, reflecting a 2.66% decline over the past 24 hours.

Network hits new performance milestoneAccording to data shared by MSB Intel on X, Sui’s public mainnet achieved a transaction capacity exceeding 6 million transactions per second (TPS). This technical achievement stands out as an important threshold, further solidifying the network’s ambitions around scalability.

By targeting high throughput and minimal latency, Sui continues to compete with other Layer 1 blockchains to attract developers, decentralized applications (dApps), and institutional interest. The project’s significant network performance places it among contenders aiming to redefine blockchain scalability standards.

Sui’s mainnet surpassing 6 million transactions per second signals a noteworthy step in the blockchain’s pursuit of scalable infrastructure.

Mini glossary: TPS stands for transactions per second, a metric used to measure how many transactions a blockchain can process under heavy usage.

Price outlook remains cautiousDespite improvements on the network side, the technical price chart presents a more neutral picture. SUI continues to trade below both its 50-day and 200-day moving averages, suggesting that buyers have not gained clear control over the market.

In the short term, $0.80 serves as a critical resistance point while $0.70 acts as the key support. With the Relative Strength Index (RSI) at around 46, there is no clear momentum direction, although selling pressure appears to have eased slightly compared to prior sessions.

IndicatorLevelInterpretationSpot Price$0.7317Down 2.66% in 24 hoursResistance$0.80Critical level for upward breakoutSupport$0.70Key zone during downward pressureRSI46Neutral momentumDerivative market positions stay steadyData from CoinGlass shows that SUI’s open interest in derivatives has remained roughly steady at approximately $500 million. This indicates that, despite recent volatility, most participants in the derivatives market continue to hold their positions.

However, there has been no significant increase in trading volume. Analysts view this as a sign that the market is still waiting for a more decisive trend, and, as a result, the network’s record transaction capacity has not translated into immediate price impact for SUI.

The persistence of about $500 million in open interest reflects ongoing interest in SUI derivatives, but muted trading volume points to a lack of strong buying appetite so far.

Market focus: Will $0.80 be surpassed?Investors are closely watching whether the growing activity within the Sui ecosystem and its record transaction capacity will drive increased on-chain engagement. The key question is whether this momentum can generate enough demand to push SUI’s price above the $0.80 resistance level.

Until this resistance is broken, SUI’s price is expected to be influenced by broader crypto market sentiment as well as by the pace of adoption and activity on the Sui network itself.

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.

Lighter [LIT] was one of the standout bullish performers in recent hours of trading. According to CoinMarketCap data, the DEX platform token has rallied by 9.48% in the past 24 hours and 54.95% in the past week.

Source: Coinalyze Its Open Interest was up by 8.32%, keeping pace with the price gains of the previous 24 hours. Moreover, the predominantly negative funding rate has flipped positively, as LIT prices climbed past the $2.20-$2.30 local supply zone.

The swift gains came on the back of the decentralized trading platform’s Q2 Investor Update Call. Among the major announcements in this call were that 100% of the protocol revenue goes toward token buybacks, with 6 million LIT bought back in Q2. Token burns are also in the plans.

The platform costs were reduced, RWAs were growing, new order types were live, and more trading tools were on the way. The team was also working with the CFTC towards becoming a regulated exchange.

These announcements have likely given the altcoin the impetus to climb higher, but the move has been in the making for a few weeks now.

Examining the Lighter price structure Source: LIT/USDT on TradingView The 1-day chart showed a bullish structural shift in May, when the $1.32 local high was breached. Following this break, the trading volume began to expand as the prices climbed higher.

The RSI on this timeframe has been above neutral 50 for the entirety of the uptrend, showing steady upward momentum. It was at 79.7 at the time of writing, within the overbought area.

The OBV was also trending higher since May, showing steady buying pressure on the altcoin.

Traders’ call to action- Buy Source: LIT/USDT on TradingView There is potential for a pullback toward $2, and possibly as deep as $1.75, that swing traders and investors can consider as an ideal buying opportunity.

However, given the current momentum, such a pullback may not materialize. The current momentum might carry LIT higher without a sizeable pullback.

The bullish idea would begin to crack if LIT prices slip below $2.0 and $1.75, and the 4-hour bullish bias would shift bearishly upon a session close below the $1.47 swing low.

Final Summary Lighter rallied strongly after the Q2 Investor Call update that had platform-specific updates, staking updates, and buyback plans. The price action was firmly bullish, and a deep correction below the psychological $2 level did not appear likely.

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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In brief Yield Guild Games is sunsetting its crypto game publishing arm, retiring its website, launchpad, and games like LOL Land and Waifu Sweeper by Aug. 1. The firm said the crypto market downturn left the business commercially unsustainable, with 35 jobs to be cut. YGG is pivoting to the AI data economy, aiming to supply gaming-derived behavioral datasets for AI training. Yield Guild Games, a blockchain-based gaming organization, announced Monday that it is shutting down YGG Play, its publishing arm for crypto-infused casual games, citing the crypto market downturn alongside broader video game industry struggles.

The unit's closure marks a retreat from a strategy the Web3 company had championed as recently as this year: building "casual degen" games—bite-sized titles laced with crypto incentives—for crypto enthusiasts who don't consider themselves traditional gamers.

YGG Play launched its own original game LOL Land as a proof of concept and had signed nine additional games, partnered with the Pudgy Penguins NFT brand, and debuted a token launchpad, reporting more than $9 million in lifetime revenue through the first quarter of 2026.

However, the broader crypto gaming industry has struggled in recent years, with numerous prominent blockchain-based games shutting down since early last year and investors steering clear of crypto game studios. And that’s not all: crypto prices have also plummeted since late last year, with Bitcoin down nearly 50% from its October peak, while the traditional video game industry has faced mass layoffs—including from Xbox on Monday.

Given the current market environment, the team said it made the decision to shutter the publishing division, cut 35 jobs as a result, and give Yield Guild more runway as it pursues an AI-driven pivot.

"Sunsetting YGG Play is a heavy decision, but it is a market decision, not a product decision," said Yield Guild co-founder Gabby Dizon, in a statement. "I am proud of what this team achieved under such tough conditions, and what they built is a testament to their talent and dedication. Although this business unit is sunsetting, YGG's vision and mission hasn't changed. We are still fully dedicated to using technology to open up new economic opportunities for people globally."

Sad news today - we are sunsetting our Web3 game publishing unit @YGG_Play, and 35 jobs will be affected as a result. We're committed to paying 8 additional weeks for our team to manage the transition and will help them find new roles.

YGG Play games - @LOLLandGame @waifusweeper… https://t.co/gzpaG98KwQ

— Gabby Dizon | YGG (@gabusch) July 6, 2026

The YGG Play website, its launchpad, and games including LOL Land and Waifu Sweeper will be retired by August 1. Two of the games on the platform, Gigachatbat and Ragnarok Breaker, will continue operating under their original developers, following a transition.

YGG said it will redirect its resources toward supplying data for artificial intelligence training, wagering that video game players' decision-making can generate valuable behavioral datasets for AI developers. The company reported a treasury of $20.6 million worth of assets as of Q1, which it said should extend its operating runway to four years following the restructuring.

Yield Guild Games was one of the standout companies of the 2021 play-to-earn boom, as a prominent organization that supported the growth of monster-battling game Axie Infinity via a “scholarship” program—a profit-sharing program that lent out NFT assets to players in exchange for a cut of their in-game token earnings. Yield Guild secured funding from VC giant Andreessen Horowitz in August 2021 amid the crypto gaming surge.

After Axie Infinity’s economic collapse in 2022 and the broader decline of the play-to-earn movement, Yield Guild pivoted in 2024 into launching blockchain infrastructure for guilds across various crypto games, before launching YGG Play in 2025.

Yield Guild’s YGG token is up about 4% on the day at a recent price of $0.023, but has fallen about 84% in the last year. It remains down 99.8% from its peak price of $11.17 set in 2021.

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The Summer.fi attacker has started buying ETH and mixing it.

According to monitoring by Onchain Lens, a hacker is dispersing and converting 6.017 million DAI into ETH in batches. Each of the hacker's swaps is routed through the same intermediate wallet, which then deposits 10 ETH into TornadoCash each time.

4 minutes ago

Whale Alert: An address shorted SK Hynix in advance as its price pulled back, with its unrealized profit now rising to $2.88 million to rank first.

According to Hyperinsight’s monitoring, a whale address starting with 0xebe currently holds a 10x leveraged short position on SK Hynix (SKHX) worth approximately $17.502 million, accounting for around 53.8% of its total position. This morning, South Korean stocks opened with a sharp pullback, and the short position’s unrealized profit expanded to roughly $2.887 million, delivering a 137% return. It has now become the address with the largest unrealized profit on SKHX on the Hyperliquid platform. From last night to the present, this address has opened a total of 1,242 short orders on SKHX, adding short positions gradually from $1,621 to $1,471. Cumulative trading volume reaches 3,455.04 contracts, worth about $5.2251 million, with a net increase of around 3,449 short positions. Currently, the address only has one SKHX take-profit order placed at $1,435.40, for 300 contracts, with a notional value of approximately $430,600, covering less than 10% of its position. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable the send messages permission) to automatically sync on-chain information.

4 minutes ago

A prominent trader noted that Strategy’s Bitcoin sale via over-the-counter (OTC) trades will exert limited influence on spot prices, with Bitcoin potentially rising to as high as $65,600.

Prominent trader Killa (@KillaXBT) stated that Bitcoin can target $65,600 if it holds its closing level from last week (around $59,000). Additionally, regarding Strategy’s historic sale of 3,588 BTC, Killa explained that the firm did not conduct the sale on the open market but via institutional trades, which helped avoid a major impact on Bitcoin’s price. This partially accounts for Bitcoin’s overnight trend of falling first then rising. Killa, a BTC-focused quantitative trader, predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and shifted to a long position during the broad market sell-off on June 5.

4 minutes ago

Bitcoin breaks through $64,000 against the trend; trader "Maji" adds to long positions, with weekly profit exceeding $400,000.

Overnight to early this morning, Bitcoin initially dipped then rallied amid negative news of Strategy’s historic sell-off of 3,588 BTC, leading major cryptocurrencies to rebound. According to HTX market data, as of press time, Bitcoin is trading at $64,007.31, up 0.81% in 24 hours; Ethereum stands at $1,797, with a 24-hour gain of 0.51%. Additionally, per HyperInsight monitoring, trader "Maji" added positions throughout the market rebound, with his Ethereum long positions now totaling $17.08 million and a liquidation price of $1,765.32. However, amid the strong market rally, Maji’s profits over the past week have exceeded $400,000.

4 minutes ago

A whale that gradually accumulated 22,567 ETH over the past six months has cut its losses and reduced its positions, suffering losses of over $4 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that accumulated 22,567 ETH between November 2025 and July 2026 has allegedly sold 7,347 ETH at a loss of $4.041 million. The address built its ETH position at an average price of $2,338, with a total investment of $52.77 million. Since April this year, it has deposited 8,947 ETH into FalconX in batches, with the most recent deposit made 7 hours ago. If the whale sells all its remaining ETH, its total losses will amount to $4.196 million.

4 minutes ago

YGG’s Web3 game publishing division will be shut down on August 1.

Web3 gaming guild YGG co-founder Gabby Dizon took to Twitter to announce that YGG’s Web3 game publishing arm YGG Play will shut down on August 1, affecting 35 jobs. The company has pledged to provide an additional 8 weeks of pay. Moving forward, YGG will operate with a small core team and partner with gaming communities, selling data to AI labs via gameplay interactions and data training.

4 minutes ago

Key Takeaways GE Vernova reached a record peak of $1,182.31 on July 6, climbing 121.61% over 12 months and 70.6% since the start of 2026 Jim Cramer declared GEV his top pick in the power sector and disclosed it represents a “very big position” in his Charitable Trust portfolio First quarter 2026 revenue reached $9.3 billion, marking a 16% year-over-year increase, while EPS of $1.98 surpassed analyst projections The company secured $18.3 billion in orders during Q1, reflecting 71% organic growth, pushing total backlog to $163 billion Management elevated 2026 free cash flow projections to $6.5–$7.5 billion from the previous range of $5.0–$5.5 billion GE Vernova (GEV) established a fresh all-time peak at $1,182.31 on July 6, 2026, continuing its impressive ascent with shares hovering around $1,183 and commanding a market capitalization of $310.9 billion. This milestone caps a remarkable rally that has delivered more than 120% gains over the past twelve months.

GE Vernova Inc., GEV

Shares have surged 70.6% since January, positioning GEV among the energy sector’s top-performing equities. Such dramatic appreciation inevitably attracts scrutiny from market observers and institutional investors alike.

During the June 30 edition of Mad Money’s Lightning Round, Jim Cramer singled out GE Vernova as his preferred play in the power generation space. He revealed the stock occupies substantial real estate in his Charitable Trust holdings—a transparent, trackable stake rather than casual commentary.

“GE Vernova of those is my favorite. It’s one that the Charitable Trust has a very big position… I say still buy GE Vernova,” Cramer stated.

The endorsement came with shares already trading at elevated levels. GEV finished July 2 at $1,113.11, yet its three-year cumulative return of 867.92% demonstrates how dramatically the investment narrative has transformed.

First Quarter Results Validate Bullish Thesis The company’s first quarter 2026 financial performance, disclosed April 22, provided concrete evidence supporting the optimistic outlook.

Topline revenue reached $9.3 billion, representing 16% year-over-year expansion. Earnings per share of $1.98 exceeded the Street’s $1.84 consensus by 7.6%.

Order momentum stole the spotlight. First quarter bookings totaled $18.3 billion, surging 71% on an organic basis, with robust contributions from Power, Wind, and Electrification divisions. The cumulative backlog swelled to $163 billion, expanding by $13 billion in just three months.

Free cash flow generation of $4.8 billion represented more than a fourfold increase from the prior year. Adjusted EBITDA nearly doubled to $0.9 billion, while margins widened 390 basis points to 9.6%.

CEO Scott Strazik highlighted accelerating demand for gas turbines. Gas Power equipment backlog and slot reservations expanded from 83 gigawatts to 100 gigawatts during the quarter. Management now aims to reach at least 110 gigawatts by the close of 2026.

Management Lifts Full-Year Projections Following the strong quarterly performance, GEV elevated its full-year 2026 outlook across all primary financial metrics.

Revenue expectations now span $44.5–$45.5 billion. Adjusted EBITDA margin guidance increased to 12–14% from the prior 11–13% range. Free cash flow projections jumped significantly to $6.5–$7.5 billion versus the earlier $5.0–$5.5 billion target.

The company concluded Q1 holding $10.2 billion in cash and distributed $1.4 billion to shareholders via share repurchases and dividends.

Wall Street coverage has grown increasingly supportive. Bernstein launched coverage with an outperform recommendation. Jefferies boosted its price objective to $1,210 while reaffirming a Buy rating, citing a robust order book extending through 2031.

InvestingPro’s valuation model suggests the stock currently trades above its Fair Value calculation—an important consideration for investors contemplating entry points.

From a technical perspective, shares encountered resistance around the $1,170–$1,180 zone on July 2 before retracing. The 50-day, 100-day, and 200-day moving averages currently rest near $1,052, $959, and $794 respectively.

Second quarter 2026 results are scheduled for July 22. Analysts assign a Zacks Rank of 2 (Buy) accompanied by a positive Earnings ESP of 10.35%, with estimate revisions trending favorably ahead of the release.

Kraken has added spot trading support for Bittensor’s TAO token, giving one of the most closely watched decentralized AI assets a larger regulated exchange venue.

For more details, visit the official Kraken platform.

TL;DR Kraken has listed Bittensor (TAO) for spot trading.The listing expands access to one of crypto’s leading AI-linked tokens.Trading support includes major fiat pairs on Kraken Pro. AI tokens have been one of crypto’s stickiest narratives, but the category has also been messy. Some projects are little more than branding. Bittensor has stood out because it is trying to build a network where machine-learning models, validators, and token incentives interact directly.

Why TAO Listings Matter Exchange listings do not prove long-term value, but they do change access. More venues mean more liquidity, more price discovery, and a lower barrier for traders who may not want to use smaller exchanges or DeFi routes.

For Kraken, TAO fits a broader trend: regulated exchanges are competing to list high-demand thematic assets without looking reckless. Decentralized AI has enough institutional interest to be worth supporting, but enough volatility to require careful user messaging.

The AI Token Test The real question is whether AI tokens can turn narrative into repeat network demand. Bittensor’s supporters believe TAO is tied to a genuine decentralized intelligence market. Skeptics see a complex token economy wrapped around a hot theme.

The Kraken listing will not answer that debate, but it does make the market more accessible. In crypto, that often matters first. Liquidity comes before judgement, and wider TAO trading gives investors another way to express a view on decentralized AI.

This article is based on information from Kraken.

This article was written by the News Desk and edited by Samuel Rae.

Nearly one million investors who bought President Trump’s official TRUMP (CRYPTO: TRUMP) meme coin have collectively lost $3.81 billion, according to an investigation by blockchain analytics firm Nansen.

$3.81 Billion Loss Vs. $636 Million ProfitNansen found that 988,905 wallets, constituting around two thirds of all TRUMP buyers, were underwater through the end of June 2025.

Meanwhile, fewer than 500,000 wallets generated profits totaling roughly $4 billion.

Nansen noted those gains were concentrated among a relatively small group of early buyers who benefited before the token’s sharp decline.

The report follows the President’s annual financial disclosure, which showed he earned approximately $636 million from the meme coin project in 2025.

Trump and affiliated entities generated revenue through trading fees, allowing them to profit regardless of whether the token’s price rose or fell.

TRUMP was launched three days before the 2025 presidential inauguration and has fallen about 97% since reaching an all-time high of $75.35.

Retail Vs. Sophisticated TradersAs cited by The New York Times on July 4, the Nansen report underscores the widening gap between sophisticated traders and retail investors in the meme coin market.

The analytics firm said early participants, many using automated trading strategies, captured outsized gains during the token’s initial surge, while later retail buyers absorbed most of the subsequent losses.

The White House rejected suggestions that Trump profited at the expense of investors.

"President Trump proudly made the U.S. the crypto capital of the world," White House spokeswoman Anna Kelly told The New York Times.

"All actions by President Trump and his administration are taken in the best interest of the American people."

Benzinga has reached out to the White House with request for comment.

Image: Shutterstock

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COINTELEGRAPH: Bitcoin recovers from Strategy's BTC sale, funding rates hit 9%: Are bulls back?

Bitcoin climbed 10% as investor confidence improved. (Photo illustration by Chesnot/Getty Images)

Getty Images

Bitcoin prices climbed over the first several days of July, rising amid greater confidence in the digital asset.

The cryptocurrency’s price increased from approximately $58,250.00 on July 1 to nearly $64,000 on Monday, July 6, according to Coinbase data from TradingView.

Several analysts mentioned a lackluster U.S. jobs report, as well as the effect its data had on expectations for the Federal Reserve’s short-term policy moves, as playing a key role in these price movements.

Many investors are hoping that the Federal Open Market Committee will be more aggressive in loosening monetary policy now that Kevin Warsh has become the new head of the central bank.

“Cheap money is good for Bitcoin,” Sifling, wealth manager for Gerber Kawasaki Wealth & Investment Management, noted via email. “It always has been.”

He offered additional input on the upward climb that bitcoin enjoyed this month, stating that “The rally started with a hint. Fed Chair Kevin Warsh suggested AI productivity gains might help cool inflation, and traders took it as a sign that rate cuts are coming.”

“Then a lousy jobs report (57,000 new jobs, about half what economists expected) made those bets look even better,” added Sifling.

Eric Swartz, founding general partner of institutional crypto investment fund Panther Hollow Ventures, also commented on how Fed expectations have impacted bitcoin prices so far this month.

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“Right now Bitcoin is trading like a pure rates asset,” he said via email. “The rally from the high‑$58Ks to almost $64K is basically the market pulling forward Fed‑easing expectations after a soft jobs report.”

Seller ExhaustionSifling cited another factor that caused bitcoin to rally this month, stating that sellers became fatigued by the rising prices.

“The other half of the story is that sellers simply ran out of steam,” he stated via email.

“When Bitcoin slipped below $58,000 on July 1, over a billion dollars in leveraged bets got wiped out,” said the analyst.

“Prices snapped back, shorts got squeezed, and suddenly the chart looked very different.”