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Sui has crossed the $1 billion total value locked mark on DeFiLlama, giving the Move-based network a clearer claim to serious DeFi liquidity.
For more details, visit the official DeFiLlama platform.
TL;DR Sui’s DeFi TVL has moved above $1 billion, according to DeFiLlama data.Lending and native DeFi protocols are helping drive capital onto the chain.The milestone strengthens Sui’s pitch as a high-performance smart contract network. TVL is an imperfect metric, but it remains one of the easiest ways to see where capital is willing to take smart contract risk. For Sui, crossing $1 billion is a meaningful marker because it moves the chain further away from early-stage experimentation and closer to the conversation around durable DeFi ecosystems.
Liquidity Is The Real Test Fast blockchains are common. Sustainable liquidity is rarer. Users can rotate through incentive programs quickly, especially when yield campaigns are generous. The question for Sui is whether capital stays after the first wave of rewards and novelty fades.
The current growth points to rising activity in lending, trading, and native protocols. That matters because a chain needs more than one flagship app to feel alive. The healthier version of Sui’s growth story is not just that TVL crossed a number, but that more capital is being deployed across several functions.
What Comes After The Milestone The next test is depth. Sui needs liquidity that supports real usage, not just headline TVL. Stablecoin availability, reliable lending markets, strong bridges, and developer retention will decide whether this becomes a lasting DeFi base.
For now, the $1 billion level gives Sui a stronger seat at the table. Move-based chains have been fighting for attention against Ethereum L2s, Solana, and other high-throughput networks. Sui now has a clearer data point to show that capital is paying attention.
This report is based on DeFiLlama data for Sui.
This article was written by the News Desk and edited by Samuel Rae.
According to CoinGecko data, more than $1.4 billion worth of tokens will be unlocked across the cryptocurrency market during the week of January 26 to February 2, 2026. Of this amount, $154.95 million will come from cliff unlocks, where a large batch of tokens enters circulation all at once rather than through gradual distribution.
Sui prepares for the week’s largest unlockThe most significant unlock of the week is expected from Sui, with tokens worth $62.68 million about to be released. Despite this large figure, the event will increase the circulating supply by only 1.14%, suggesting that the price impact could remain minimal. Sui employs a long-term vesting schedule, which means that with each unlock, certain tokens allocated to early investors, the team, and community initiatives gradually become available for trading.
As a layer-1 blockchain operating on its own network, Sui’s token unlocks are closely monitored by the market as a gauge for potential sell pressure. However, when the new issuance represents a small fraction of total supply, it often results in negligible pressure on the charts.
While Sui stands out with a $62.68 million token unlock, the increase in circulating supply is just 1.14%, so any price impact is expected to be limited.
Medium-sized unlocks: Sign’s supply jump stands outFour projects are next in line for weekly unlocks valued between $10 million and $12 million. EigenCloud will release $11.82 million in tokens, amounting to 6.71% of its total supply. Sign will see $11.72 million unlocked.
Sign’s unlock is especially notable for its high supply ratio: the newly released tokens represent 17.61% of the total supply—the highest on this week’s list. Kamino will free up $10.51 million (6.12% of its supply), while Jupiter’s $10.15 million unlock makes up 3.95%. While Sui leads in dollar value, Sign could have a bigger relative impact due to its supply jump.
ProjectUnlock amountShare of total supplySui$62.68 million1.14%EigenCloud$11.82 million6.71%Sign$11.72 million17.61%Kamino$10.51 million6.12%Jupiter$10.15 million3.95%Lower-tier unlocks: Supply ratios take the spotlightAmong the smaller unlocks this week, Optimism will release $9.15 million in tokens, corresponding to 1.62% of its total supply. Ethena is next with a $6.73 million unlock, though this equates to a modest 0.56% impact on its circulating supply.
Sahara AI plans a $5.54 million unlock, equal to 8.30% of its total supply—making it proportionally significant. ZetaChain will unlock $3.47 million (2.10%), and Gunz will add $2.63 million worth of tokens, increasing its supply by 5.70%. As these examples illustrate, dollar amounts alone do not always tell the full story; sometimes, a smaller unlock can generate a stronger impact on supply dynamics.
Market impact: Supply ratio is more critical than amountUltimately, the most important factor in token unlocks is the proportion of new supply entering circulation and the distribution method. Cliff unlocks, which distribute tokens all at once, tend to draw more attention than those spread out in installments. This week, $154.95 million will enter the market via such group unlock events.
A high dollar figure does not automatically mean strong selling pressure—what matters more is the share of new tokens versus existing supply, and whether the distribution is sudden or gradual.
From a ratio perspective, projects like Sign and Sahara AI are particularly notable this week. While Sui leads with the largest dollar value, its modest supply increase suggests a more muted effect. Other unlocks add smaller amounts of new supply at a slower rate. Analysts caution that such developments are not, on their own, definitive sell signals.
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.
Autonomous AI agents playing games, making payments, and chatting pushed Sui's programmable tunnels to a peak of 6,086,766 TPS
Main TakeawaysAI agents and users battled across games, payments, and chat using "programmable tunnels," offchain channels that settle to Sui mainnet when closed.Sui hit a peak of 6,086,766 TPS on July 4, 2026, over six times the experiment's 1 million TPS target.The peak was roughly 20 times higher than Sui's prior benchmark of 297,000 TPS, set in a controlled testing environment.On Saturday, July 4, 2026, Sui processed the highest number of transactions per second ever recorded on its network during a public livestream experiment open to anyone. Using an explorer built for the event, participants logged in with their Gmail address (thanks to Sui primitive zkLogin) and watched AI agents battle head-to-head across games, payments, and chat. The network peaked at 6,086,766 TPS at approximately 12:30 p.m. ET, more than six times the goal and roughly 20 times Sui's previous maximum-TPS benchmark of 297,000 TPS, set in a controlled testing environment.
The throughput was made possible through "programmable tunnels," offchain payment and state channels that settle to Sui mainnet when closed. After signing in with zkLogin, participants received a test token, MTPS, to use during the experiment. Gas was sponsored throughout, so no prior SUI holdings were required. From there, users and AI agents opened tunnels with one another to play games like blackjack and "Quantum Poker," draw on a shared canvas, chat, and transact, all gaslessly and offchain, with every closed channel mutually cosigned and independently verifiable onchain.
“We proved that programmable tunnels aren't just about payments,” said Kostas Chalkias, Chief Cryptographer and Co-Founder at Mysten Labs. “This is agent-to-agent commerce, competitive gaming, and prediction markets running gaslessly at massive scale. A company's trading agent could play chess or poker against another company's agent millions of times without touching the base chain. Consider real-world utility: you could lock funds offchain so someone without internet access, in an earthquake or a blackout, can still pay for groceries the moment they're near a signal again. Right now there are only four or five proven product-market fits in crypto: stablecoins, DeFi, payments, prediction markets. I think programmable tunnels just opened the door to a fifth.”
What's nextMysten Labs and the Sui hacker team plan to build on the experiment with additional capabilities, including confidential transfers via Nautilus, tunnels supporting more than two participants, and agent-to-agent prediction markets. To watch how it unfolded live, check out the recorded livestream.
Alex Van de Sande, a co-founder of the Ethereum Name Service (ENS), proposed Monday that the ENS DAO delegate 5 million ENS tokens from its dormant community treasury to individual participants.
Alex Van de Sande, a co-founder of the Ethereum Name Service (ENS), proposed Monday that the ENS DAO delegate 5 million ENS tokens from its dormant community treasury to individual participants, a step he said would end the DAO's reliance on what he called “just a 1-of-1 multisig.”
“Currently, one delegate has enough quorum to not only execute any proposal, but also to outvote the next 50 other delegates,” Van de Sande said in the proposal, in an apparent reference to ENS co-founder Nick Johnson.
Van de Sande filed the idea as a formal draft, "Reform DAO governance by delegating 5M ENS tokens," in the Meta-Governance section of the ENS DAO's discourse forum. In a post on X, he said participants would not own or be able to sell the delegated tokens, which belong to the DAO, and floated adding another 5 million tokens next year, an undelegation trigger after six months of inactivity, and a full sunset of the arrangement after two years.
Van de Sande said the proposal draws on unclaimed supply from ENS's original airdrop five years ago, which set aside half its tokens as a "community treasury" to be distributed over five years. That window has now lapsed with little of the allocation distributed, he said.
Part of a Wider FightThe proposal follows weeks of conflict over control of ENS DAO's treasury and governance. On June 19, ENS Labs COO Katherine Wu published a temp-check proposal to shift the DAO's operational wallet, ENS holdings and Karpatkey-managed Endowment to a five-seat ENS Foundation board, as The Defiant reported.
Three days later, Johnson said he would self-delegate his ENS to back the measure, a move delegates said gave him effective control of the outcome. Rotki founder Lefteris Karapetsas wrote on the forum that Johnson had "delegated ~50% of the voting supply to himself, essentially becoming the DAO," and Security Council member Brantly Millegan called the proposal "the equivalent of treasury capture by ENS Labs," The Defiant reported.
The dispute widened in late June when Johnson, using that same delegated voting power, blocked an onchain vote to renew the DAO's Security Council, a multisig empowered to cancel malicious proposals already in the timelock queue. Johnson controls an estimated 3.26 million ENS tokens, roughly half of all ENS currently delegated to any address. Christoph Jentzsch, who wrote code for the original 2016 "The DAO," responded by proposing on X that ENS DAO dissolve itself outright, calling the DAO "broken," The Defiant reported.
Both the Foundation temp check and the Security Council renewal remain unresolved. Van de Sande's plan would not change that dispute directly — it draws on a separate, dormant pool of DAO-held tokens — but it lands amid an active debate over whether ENS's governance concentrates too much power in one delegate.
ENS co-founder Alex Van de Sande put forward a proposal on Monday to delegate 5 million ENS tokens from the project’s dormant community treasury directly to individual participants. The move, he said, would end the DAO’s dependence on what he characterized as “just a 1-of-1 multisig.”
A governance crisis months in the making The proposal didn’t materialize out of nowhere. ENS DAO has been mired in governance disputes throughout June and July 2026, with blocked votes and escalating tensions between community factions. At the center of the controversy sits Nick Johnson, ENS’s other co-founder, who reportedly holds approximately 50% of the active voting supply through self-delegated tokens.
The disputes have also touched on attempts to expand the ENS Foundation’s role, which some community members interpreted as a potential “governance attack.”
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What 5 million tokens would actually change The ENS DAO originally received an allocation of 50 million ENS tokens. Of those, 5 million were claimed early in 2021 during the project’s initial distribution phase, leaving a substantial portion sitting in treasury wallets.
Van de Sande’s proposal would take 5 million tokens, roughly 10% of the original allocation, and delegate them to individual governance participants. The tokens would remain in the treasury, but their voting power would be assigned to active participants. The ENS DAO treasury valuations range from approximately $88 million in liquid assets to over $350 million in total worth when including the underlying ETH-based endowment managed by Karpatkey.
Katherine Wu, another prominent figure in ENS governance circles, has been involved in the ongoing discussions.
What this means for ENS holders and DAO watchers Van de Sande’s framing of the current setup as a “1-of-1 multisig” is a deliberate provocation, designed to highlight that the current governance apparatus has the trappings of decentralization without the substance. A multisig wallet typically requires multiple signers to approve a transaction. A 1-of-1 multisig is just a regular wallet with extra branding.
Delegating treasury tokens to active participants, rather than selling them or letting them sit idle, represents a middle path between hoarding assets and diluting existing holders. However, redistributing voting power means existing large holders would see their relative influence diluted — the same stakeholders who would need to approve the proposal are those whose power it would reduce.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
DeXe price extended its rally on Sunday after breaking above a key technical resistance level, with growing investor interest pushing the AI-focused governance token to its highest price in months.
Summary
DeXe price jumped more than 15% after strong on-chain activity and renewed interest in AI governance tokens fueled buying. A technical breakout and short squeeze helped propel DEXE above key resistance toward multi-month highs. Traders are now watching whether DEXE can hold above its breakout zone and challenge the $30 psychological level. According to crypto.news price data, DeXe (DEXE) price climbed more than 15% to an intraday high of $28.09 on July 6, marking its strongest daily performance in weeks. The rally came as CoinGecko highlighted DeXe as one of the best-performing AI-focused cryptocurrencies over the past week, drawing renewed attention to the protocol’s governance and decentralized autonomous organization ecosystem.
The surge also coincided with record on-chain activity. Blockchain data showed all-time highs in whale transactions, new wallet creation, and active addresses, suggesting both large investors and retail participants were accumulating the token.
Because a substantial share of DEXE’s supply remains locked in protocol treasuries, ecosystem allocations, and DAO-controlled wallets, relatively limited exchange liquidity amplified the impact of the buying pressure and accelerated the move higher.
Why is DeXe outperforming the broader crypto market? Beyond project-specific catalysts, DeXe also benefited from a notable shift in the macroeconomic backdrop. A weaker-than-expected U.S. Nonfarm Payrolls report released on July 3 strengthened expectations that the Federal Reserve could adopt a more accommodative stance in the coming months.
Falling Treasury yields and a softer U.S. dollar subsequently improved sentiment across risk assets, encouraging capital to rotate back into cryptocurrencies and decentralized finance projects.
Unlike many altcoins that struggled throughout June, DeXe entered the rebound with strong protocol fundamentals. The project currently supports more than 100 decentralized autonomous organizations while securing roughly $1.7 billion in total value locked, giving investors exposure to both AI governance infrastructure and the expanding DAO sector.
As traders searched for projects backed by measurable on-chain activity rather than speculation alone, DEXE emerged as one of the primary beneficiaries.
Derivatives positioning likely added further momentum to the rally. As the token cleared several technical resistance levels, traders holding leveraged short positions were forced to cover, creating additional buy pressure that complemented the growing spot demand. The combination of organic accumulation and forced liquidations helped accelerate the move beyond the previous resistance zone.
What does the DEXE chart suggest next? The daily chart shows DeXe confirming a powerful continuation breakout after spending several sessions consolidating around the $22-$24 region. Sunday’s rally pushed the token to a fresh multi-month high near $28 while producing one of the strongest bullish candles of the current uptrend, with buyers maintaining control into the session close.
DeXe daily price chart — July 6 | Source: crypto.news The broader trend also remains firmly constructive. DEXE continues to trade well above its 20-, 50-, 100-, and 200-day simple moving averages, which remain aligned in a classic bullish configuration. The Aroon indicator further reinforces the strength of the trend, with Aroon Up reading 100% and Aroon Down at 0%, indicating that buyers continue to dominate price action.
That said, the rally has become increasingly extended. DEXE now trades roughly 30% above its 20-day moving average, a gap that could encourage short-term profit-taking after such a rapid advance.
If buyers maintain control, the next major psychological target sits near $30, followed by the 2021 highs around $32. On the downside, the former breakout zone between approximately $24 and $25 represents the first important support area, while a deeper pullback could bring the rising 20-day moving average near $21 back into focus.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
HEROIC, the Norwegian esports organization, has parted ways with head coach Tobias “TOBIZ” Theo. The move marks yet another chapter in what has become one of the most turbulent roster sagas in competitive Counter-Strike 2.
TOBIZ joined HEROIC on June 28, 2025, replacing Eetu “sAw” Saha and stepping into a rebuild that was already well underway.
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A coaching stint defined by instability When TOBIZ arrived, the mandate was clear: stabilize a roster that had been leaking talent and results. His hiring coincided with the addition of AWPer gr1ks, a move designed to inject firepower into a lineup that desperately needed it.
The team suffered early exits from multiple tournaments. TOBIZ himself acknowledged the problem publicly, discussing the need for a strategic reassessment after those disappointing showings in May 2026.
That reassessment, it turns out, included reassessing the head coach position itself.
HEROIC’s pattern of perpetual change HEROIC has cycled through a dizzying number of roster adjustments across the 2025-2026 period, including benchings, loan deals, player sales, and coaching changes.
The sAw-to-TOBIZ coaching transition was supposed to signal a new chapter. Instead, it became another paragraph in the same chapter HEROIC has been writing for over a year.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
LIT solidifies its position in the top 100 alts after a major surge today.
Bitcoin’s price jumped to $64,000 earlier today for the first time in roughly two weeks, but it was rejected there and now sits over a grand lower.
Most larger-cap alts have remained relatively stagnant on a daily scale. Pi Network’s PI token continues to flirt with its all-time low levels and is very close to charting a fresh one.
BTC Progress Stopped at $64K June was quite brutal for the primary cryptocurrency, which only continued its losses that began from the mid-May rejection at $83,000. The sixth month of the year ended with a substantial 20% decline, making it the worst in exactly four years.
July began with another dip that pushed the asset to under $58,000 for the first time since October 2024. However, the bulls finally reemerged at this point and helped BTC recover some ground in the following days.
The actual rebound attempt was quite gradual and appeared healthy. Bitcoin quickly climbed past $60,000 and kept increasing swiftly in the following days, including during the weekend. The culmination, at least for now, took place earlier this morning when it tapped $64,000 to chart a two-week peak.
However, it was halted there and now sits below $63,000 after losing well over a grand. Its market cap is inches below $1.260 trillion on CG, while its dominance over the alts remains above 56%.
BTCUSD July 6. Source: TradingView Another ATL Coming for PI? The stagnation within the larger-cap altcoins continues as most have failed to post any significant moves in either direction. ETH, BNB, SOL, XRP, and TRX are up by up to 1%, while ZEC and ADA are down by 2%. HYPE and XLM have gained the most – 2.5% and 3.6%, respectively – while RAIN has dropped by 3%.
DEXE and LIT are the top gainers from the mid- and lower-cap alts. Both have risen by double digits, and the latter has solidified its spot in the top 100 alts by market cap.
In contrast, Pi Network’s native token continues to underperform and now sits just 1% away from its all-time low marked in late June. The token has consistently lost value and is well below $0.115 as of press time.
Cryptocurrency Market Overview July 6. Source: QuantifyCrypto
Bitcoin is trading at $62,800, recovering from a July 1 dip below $58,000 that raised concerns of a slide toward $50,000.Both bitcoin and ether have dropped since midnight UTC, diverging from Nasdaq 100 and S&P 500 futures, which rose after the long weekend.Lighter (LIT) is emerging as a focal point for traders seeking the next hyperliquid, rising 13.5% in 24 hours and more than 50% in a week as its decentralized derivatives exchange accumulates $40 billion in 30-day trading volume.CoinMarketCap's Altcoin Season indicator climbed to 52/100, its highest in three months.Bitcoin BTC$63,604.61 is trading at $62,800 on Monday, a notable turnaround from July 1 when it dipped below $58,000 to its lowest level since September 2024 and raised concerns of a slide toward $50,000.
Ether (ETH) staged a similar recovery, trading at $1,760 after bottoming out around $1,550 last week. The two largest cryptocurrencies spiked higher at Sunday's futures open, but have given back around 1% of those gains since midnight UTC.
The pullback represents a divergence from traditional markets, where Nasdaq 100 and S&P 500 index futures are trading up 1% and 0.5%, respectively, following the long weekend.
The altcoin market is split. Lighter (LIT) continues to impress, now up more than 50% over the past week, while MORPHO$1.9006 and ADA$0.1833 are both nursing losses of around 4% in the past 24 hours.
Derivatives positioning The futures market is steady, with open interest in bitcoin BTC$63,604.61, ether (ETH), solana (SOL) and XRP (XRP) largely unchanged over the past 24 hours, likely due to the extended U.S. weekend. Open interest in LTC$45.17 has jumped to 7.14 million tokens, the most since May 12. It is unclear whether the capital inflow is bullish or bearish. Key indicators are sending mixed signals: Positive funding rates point to bullish sentiment, yet the 24-hour cumulative volume delta (CVD) has turned negative, indicating sellers have been more aggressive by hitting market orders rather than posting passive limit orders.Open interest in Lighter DEX’s LIT token is also rising, reaching one-month highs as the bullish tokenomics overhaul supports its price.Bitcoin's and ether’s 30-day implied volatility indices, BVIV and EVIV, remain under pressure after double-digit weekly declines, reflecting continued supply of options. This points to expectations of calmer market conditions, which often accompany price upswings.Still, on Deribit, BTC and ETH puts continue to trade at a premium to calls, signaling persistent downside concerns — although the gap has narrowed since early last month.Volumes show no clear bias, as BTC’s $60K put and $70K call rank among the most traded strikes over the past 24 hours.Token talkLighter's (LIT) barnstorming rally of late continued on Monday, adding 5% since midnight UTC and taking its 24-hour gain to 13.5%, building on momentum as traders look for the next hyperliquid (HYPE).LIT is the native token of its namesake decentralized derivatives exchange, which has racked up $40 billion in trading volume over the past 30 days, according to DefiLlama.It was also a strong start to the week for PYTH, up by 6% since midnight UTC as traders rotate bitcoin gains into more speculative altcoin bets.CoinMarketCap's Altcoin Season indicator ticked up to 52/100 on Monday, the highest level in the past three months, suggesting optimism is returning to the altcoin sector.However, that indicator is lagging as a result of poor performance from a portion of the market including JITO, BEAT and STABLE, each having lost between 5% and 13% over the past week with further losses on Monday.Related Assets
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Key Takeaways Asian technology stocks declined Monday following profit-taking in semiconductor companies after recent rally South Korea’s KOSPI index fell 0.5%, led by SK Hynix down over 4% and Samsung Electronics declining SK Hynix plans to debut $29 billion worth of American depositary receipts on Nasdaq Goldman Sachs remains optimistic on South Korean equities, projecting more than 20% gains for KOSPI over 12 months Declining crude oil prices and reduced geopolitical risks boosted markets in Hong Kong, Indonesia, and India Asian equity markets with significant technology exposure experienced a pullback Monday as traders locked in gains from semiconductor stocks following last week’s strong performance. The decline was particularly pronounced in South Korea and Japan, both heavily weighted toward chip manufacturers.
South Korea’s KOSPI benchmark reversed early gains to finish 0.5% lower. Japan’s Nikkei 225 similarly retreated. Mainland China’s CSI 300 declined 0.6%, while Taiwan’s benchmark remained relatively flat.
KOSPI Composite Index (^KS11) Semiconductor Sector Drives Losses SK Hynix tumbled more than 4% during Seoul trading, while Samsung Electronics declined approximately 1.5%. Battery manufacturer LG Energy Solution lost nearly 4%. In Taipei, MediaTek retreated 1.4%.
Foreign investors sold a net 828.8 billion won of Korean equities throughout the session. The won depreciated 0.3% versus the U.S. dollar.
Despite Monday’s setback, the KOSPI has surged roughly 86% year-to-date, positioning South Korea as Asia’s top-performing equity market in 2026’s opening half. Artificial intelligence memory chip manufacturers have powered the majority of these advances.
A notable exception was Hon Hai Precision Industry, commonly called Foxconn. Shares climbed 0.6% following the announcement of record June and second-quarter revenues, fueled by robust AI server demand. Taiwan Semiconductor Manufacturing also posted modest gains.
SK Hynix is moving forward with plans to introduce 17.79 million new shares via American depositary receipts on the Nasdaq, representing approximately $29 billion in value. South Korean President Lee Jae Myung has urged government officials to accelerate major semiconductor and AI initiatives unveiled last week.
Bank of America characterized the recent artificial intelligence stock correction as a positioning adjustment rather than a fundamental shift. The bank emphasized that AI infrastructure spending continues unabated despite increasing investor selectivity.
Goldman Sachs Maintains Positive Korean Stock Outlook Goldman Sachs continues to project over 20% appreciation potential for the KOSPI during the coming 12 months, setting a price target of 12,000. The investment bank anticipates the rally will expand beyond AI chip manufacturers into energy, materials, and industrial sectors.
Goldman noted that international capital flows are already shifting toward alternative AI-linked industries and industrials. The firm also highlighted that retail investors maintain moderate exposure levels, with Korean households predominantly allocated to real estate and international equities rather than domestic shares.
The bank projects earnings expansion of 320% in 2026, with an additional 35% growth anticipated in 2027.
Mixed Performance Across Asian Markets Beyond the chip sector, regional markets showed greater resilience. Hong Kong’s Hang Seng advanced 0.9%. Indonesian stocks gained 0.8% and India’s Nifty 50 climbed 0.7%.
Declining petroleum prices provided additional support. OPEC+ approved another output increase for August, maintaining elevated supply forecasts and alleviating inflation worries.
Market participants now await Federal Reserve meeting minutes scheduled for Wednesday release, alongside inflation reports from China, Taiwan, Thailand, and the Philippines. Taiwan’s June trade statistics will be scrutinized for evidence that AI demand continues supporting export activity.
TLDR Gold futures climbed 1% to reach $4,166 per ounce following disappointing U.S. employment figures that reduced interest rate hike projections The precious metal recorded its first positive week since May, jumping more than 2% The U.S. dollar rebounded from nearly two-week lows on Monday, applying downward pressure on gold Spot gold declined 0.6% to $4,151.66 on Monday as the greenback regained strength Minutes from the Federal Reserve’s June policy meeting are scheduled for release this week, potentially influencing market direction Gold prices experienced a turbulent beginning to the week. Following their strongest weekly performance since May, the precious metal reversed direction on Monday as the U.S. dollar staged a comeback.
Spot gold decreased 0.6% to $4,151.66 per ounce during early Monday sessions. Gold futures slipped 0.7% to $4,167.29 per ounce.
Gold Aug 26 (GC=F) The previous week painted a contrasting picture. Gold rallied over 2%, marking its strongest weekly performance since mid-May, propelled by disappointing U.S. employment data.
The nonfarm payrolls report released Thursday fell short of market forecasts. This development prompted investors to reduce expectations that the Federal Reserve would implement rate increases before year-end.
The Connection Between Interest Rates and Gold Gold generates no interest income or dividend payments. As interest rates climb, Treasury securities and bonds become increasingly appealing relative to gold, diminishing investor appetite for the precious metal.
This relationship has pressured gold throughout much of this year, keeping it significantly beneath the record peaks established in January.
Declining oil prices also provided support for gold during the previous week. A reduction in crude prices, stemming from restored transportation through the Strait of Hormuz and increased OPEC+ production, calmed inflation concerns.
Reduced inflation expectations translate to diminished justification for Federal Reserve rate hikes. This scenario typically benefits gold prices.
Dollar Strength Limits Gold’s Upside On Monday, the dollar index advanced 0.1%, rebounding from nearly two-week lows. This dollar strength constrained gold’s performance.
The greenback continues trading near 13-month highs reached in June. Persistent U.S. inflation has maintained market uncertainty regarding future interest rate policy.
Saxo Bank analysts observed that short-term U.S. Treasury yields continue suggesting potential for a rate increase later this year. They indicated that additional softening in these expectations would be necessary to sustain gold price appreciation.
Other precious metals experienced similar declines on Monday. Spot silver decreased 1.1% to $61.74 per ounce. Spot platinum fell 0.4% to $1,635.31 per ounce.
Investors are also monitoring potential inflationary pressures from the artificial intelligence sector and escalating global temperatures, both factors that could drive prices upward.
Federal Reserve officials indicated during their June gathering that persistent inflation might necessitate at least one rate increase this year.
The official record from that June policy meeting will be published this week. Market participants are scrutinizing these minutes for insights into the Fed’s upcoming decisions and their implications for gold.
For most of 2026, gold, silver and Bitcoin have been a painful place to put money.
The reason is not hard to find: a fast-shifting outlook for Federal Reserve policy.
The year opened with hopes for rate cuts. Then the war in Iran sent energy prices surging, revived inflation, and flipped the market’s bet from lower rates to higher ones.
For gold, silver and Bitcoin, assets that pay no yield and rise or fall on the path of interest rates, that shift was brutal.
Now, almost in unison, all three are rebounding again, for the very same reason they lost it, only in reverse.
An Oil-Driven DisinflationThe Cleveland Fed’s inflation nowcast now shows negative month-over-month readings for both June and July, with headline consumer prices running at minus 0.06% and minus 0.22%, respectively.
WTI crude has slumped to around $68 a barrel, back to where it traded at the end of February before the war began.
That collapse has a clear source.
Since the United States and Iran agreed in mid-June to halt fighting and reopen the Strait of Hormuz, the chokepoint that had been largely closed since February, Gulf supply has flooded back.
Saudi Aramco just cut the official price of its flagship Arab Light grade to Asia for August by $11 a barrel, swinging it from a $9.50 premium to a $1.50 discount over the regional benchmark, as reported by Bloomberg on Monday.
It was the biggest reduction in at least 26 years and far deeper than the $8 cut analysts had expected.
The Hike Narrative May Lose Its FuelOn the surface, the hawkish case is still standing.
The U.S. economy is expanding at around 2%, with recent core inflation prints in the 3%-4% annualized range, which, on its own, argues for tighter policy.
“The question for hikes seems to be one of when, not if,” said Enrique Díaz-Alvarez, chief economist at Ebury.
Underneath, the data has moved the other way.
The U.S. economy added just 57,000 nonfarm payrolls in June, well short of the roughly 110,000 economists expected, with prior months revised lower.
Traders moved quickly. Odds of a September rate hike, tracked via CME FedWatch, slid from around 66% to near 53%, and the policy-sensitive 2-year Treasury yield eased toward 4.13%.
At the European Central Bank’s Sintra forum, Fed Chair Kevin Warsh said inflation expectations “have come down in recent weeks,” reinforcing the softer tone.
The New York Fed’s May survey put one-year inflation expectations at 3.5%, versus 3.1% three years out, a gap that Ed Yardeni reads as a sign that households see today’s price pressure as temporary rather than structural.
Futures markets had been pricing a rising chance of hikes into year-end, with a nearly one-in-five probability of a target range as high as 4.00% to 4.25% by December.
That pricing is now eroding.
Why Gold, Silver And Bitcoin Are The Unwind Trade22V Research’s strategist Jordi Visser laid out the mechanics.
“If the Fed-hike positioning unwinds, it’s good for gold, silver, and Bitcoin,” Visser said.
The logic runs through positioning. When the market prices in high rates, the opportunity cost of holding a non-yielding asset rises, and Treasurys look more appealing.
When those rate-hike odds unwind, the calculation reverses just as fast. A dovish repricing hands back exactly what a hawkish one took away.
Gold and Bitcoin are now moving almost in lockstep, their 60-day correlation at 0.92, a sign the two are trading as a single macro expression of the same rate view.
What’s Next? The relief rally in Bitcoin, gold and silver rests on one assumption: that the disinflation is real and durable. It may not be.
The drop is almost entirely energy. Core inflation, which strips out food and fuel, remains firm, with the Fed’s preferred core PCE gauge last at 3.4%, and average hourly earnings still running around 3.5% year-over-year.
That keeps Warsh’s inflation-first Fed in a policy box. The decisive data point is the June CPI report due July 14.
For now, the takeaway is simple: the trade that punished gold, silver and Bitcoin all year has begun to reverse, and its staying power hinges on upcoming data.
Photo: Shutterstock
Market News and Data brought to you by Benzinga APIs
Key Takeaways TF Securities analyst Ming-Chi Kuo projects a Q4 2026 foldable iPhone launch, with constrained Q3 shipments of just 500K–1M devices H2 2026 foldable iPhone shipments projected at 7–8 million total units Expected pricing of $2,300–$2,500 won’t deter buyers, according to Kuo’s sellout forecast AAPL climbed 0.1% to $309 on Monday; Jefferies warns stock could remain “range-bound” short-term Analyst consensus leans “Moderate Buy” with a $314.85 average target price Apple’s long-awaited foldable iPhone is generating massive anticipation across the tech world, but supply constraints may leave eager buyers waiting months for delivery.
According to Kuo, Apple’s foldable “iPhone Ultra” could follow the iPhone X launch strategy
> Announced alongside the iPhone 18 Pro lineup
> Pre-orders may slip to late October
> Sales could begin in early November due to limited supply
> Apple reportedly expects only 7–8M… pic.twitter.com/3QP25fYDgp
— apple files (@applefiles_) July 5, 2026
Ming-Chi Kuo from TF International Securities indicated over the weekend that while Apple may reveal its foldable device during its fall product event, actual preorders and retail availability might slip into Q4 2026 as production ramps up gradually.
Shares of Apple were changing hands at $309 during Monday trading, posting a modest 0.1% gain following Thursday’s impressive 4.8% surge. The tech giant’s stock continues hovering close to its 52-week peak of $317.40.
Apple Inc., AAPL
According to Kuo’s projections, Apple will ship approximately 7 to 8 million foldable iPhones during the latter half of 2026. However, only a fraction of those units—between 500,000 and 1 million—will arrive during the third quarter.
This creates an extraordinarily narrow supply channel for what analysts anticipate will be overwhelming consumer interest.
“The foldable iPhone could sell out immediately after preorders open, with delivery lead times quickly stretching 4–6 weeks or longer and remaining there through December,” Kuo noted in his analysis.
While the anticipated $2,300 to $2,500 price range represents a significant premium, Kuo believes demand will remain strong regardless. He anticipates healthy sales momentum even at these elevated price points.
Kuo referenced Apple’s strategic approach during the iPhone X debut in 2017, when the company deliberately managed a phased rollout to generate excitement before expanding manufacturing capacity. The foldable device strategy appears to mirror that calculated methodology.
Market Dynamics and Investor Focus For market participants, the critical evaluation period arrives later in the cycle. Kuo emphasizes that late 2026 through early 2027 will provide the clearest picture of “true demand” for the foldable model, after initial launch enthusiasm subsides and availability normalizes.
Jefferies cautioned Monday that AAPL shares might remain “potentially range-bound” in the near term, citing uncertainty around broader product demand patterns ahead of the new launch window.
Apple’s most recent quarterly results delivered earnings per share of $2.01, surpassing the $1.95 Street estimate, with revenues reaching $111.18 billion—reflecting 16.6% year-over-year growth. The company simultaneously increased its quarterly dividend from $0.26 to $0.27 per share.
Wall Street and Institutional Positioning Among institutional investors, Realta Investment Advisors expanded its Apple holdings by 3.0% during the first quarter, positioning AAPL as its top holding at 7.1% of the portfolio, valued at approximately $20.46 million.
Analyst coverage remains largely constructive. Maxim Group established a bullish $350 price objective, while Robert W. Baird set its target at $310. Meanwhile, DA Davidson and Rosenblatt maintained more conservative neutral ratings with targets of $270 and $276 respectively.
The Street’s aggregate view registers as “Moderate Buy” with a mean price target landing at $314.85.
Regarding insider transactions, CFO Kevan Parekh divested 1,534 shares during April at $275 per share, while insider Ben Borders sold 1,274 shares in May at $290.
Apple currently commands a market capitalization of $4.53 trillion, trading at a price-to-earnings multiple of 37.32.
Solana price slipped to $79.48 on Monday, falling 1.70% over 24 hours as market pressure returned. The move closely followed Bitcoin’s 1.65% decline, while the total crypto market cap dropped 1.47% to $2.14 trillion. Technical indications also demonstrate that the bulls have room to push back in July.
Solana price met fresh resistance near $80 after rising more than 15% in the previous week. This rejection indicated that sellers continue to protect this level in more market-wide weakness.
Solana is still well below its all-time high of 294.33, observed on January 19, 2025. The token is trading approximately 73% lower than that high.
Solana ETF Inflows Support July Recovery Case ETF flows showed a different trend for Solana compared with Bitcoin and Ethereum price. Spot Bitcoin ETFs posted a net outflow of $527 million between June 29 and July 2.
Source: Sosovalue data That became the eighth consecutive week of Bitcoin fund withdrawals. Spot Ethereum ETFs also posted $13.67 million in outflows.
US-listed spot Solana ETFs recorded net inflows of $5.75 million. The upward movement implied investors kept Solana exposure even though the market was scared.
Other altcoin ETFs attracted capital during the week. XRP ETFs brought in $17.19 million, while HYPE ETFs added $4.32 million.
Solana Spot Volume Ranks Second for Another Week Solana ranked second in global spot crypto trading volume for the second straight week, according to SolanaFloor data. The network had a weekly volume of $12.25 billion across DEXes and CEXes. It stayed ahead of Bybit’s $10.57 billion total. Nonetheless, Binance was still the market leader in the overall reporting period.
DEX volume Solana also announced a new record of weekly activity as the number of non-vote transactions passed one billion last week. The graph indicated that the number of transactions increased steeply at the beginning of July. This expansion indicates greater network utilization other than validator voting activity. It also attributes to increasing user, app, and trader demand within the ecosystem of Solana.
Solana User Activity and DApp Revenue Hit New Highs Meanwhile, Solana’s weekly active users climbed from $16.8 million to $29.7 million in two weeks.
The growth contributed $12.9 million wallets, a growth of $76.8. The rebound was sharp, according to the Artemis data, following a slowdown in June. The increase indicates the resurgence of user activity as network applications attract more participants in Web3 markets.
Source: Artemis Solana remained the top L1 and L2 DApp revenue and DEX volume. The report ranked Solana first in 24-hour app revenue and seven-day totals. It also caused DEX volume in both periods. In those rankings presented, Polygon, Ethereum, Base, BSC, and Hyperliquid were ranked across the listed metrics.
🚨BREAKING: @Solana‘s weekly transaction activity hit a new all-time high, with 1B+ non-vote transactions processed last week. pic.twitter.com/x3GBDFHO6Q
— SolanaFloor (@SolanaFloor) July 6, 2026
Solana Price Targets $85 Breakout, Could $100 Follow Next? As of the writing, the SOL price traded at $80.34, based on four-hour chart data. In the meantime, the RSI was around 51, indicating that market strength was in equilibrium at current levels.
The RSI is at 53 indicating that recent momentum has begun to subside. The MACD line, also, was lower than the signal line indicating smaller short term buying pressure.
On the negative side, the level of $80 is also significant since the price is near the level. Any drop less than $80 would put SOL at risk of being under $78, which is the most recent four-hour low on the chart.
Source: Tradingview Additional selling pressure can drive the token to $75, and traders will monitor the $70 support region.
For now, the future Solana outlook remains trapped between $80 support and the $85 resistance region. Bulls require more volume and clean breakout to divert the focus to $90 and $100.
Fresh bullish signals emerged for Solana after its first SuperTrend buy trigger since October.
Solana (SOL) has posted a strong recovery after rising more than 13% over the past week. The latest uptrend has pushed its monthly gains to over 30%. At the time of writing, the crypto asset was trading at around $80 despite a market-wide retracement following Strategy’s BTC sale.
Alongside the price moves, on-chain activity has also picked up.
On-Chain Activity and Treasury Stocks The Solana network added 1.60 million new addresses over the past two weeks, according to crypto analyst Ali Martinez, indicating accelerating network growth.
In a separate analysis, Martinez also flagged that the SuperTrend indicator on SOL’s three-day chart has generated a new buy signal. This is the first such signal since October 10, 2025, when the Average True Range (ATR) trailing stop flipped below the price.
He pointed out that the previous SuperTrend sell signal had been followed by a 74% price correction. According to the analyst, the latest signal confirms a shift in trend from bearish to bullish and could pave the way for SOL to climb toward $100.
Meanwhile, MN Fund founder Michaël van de Poppe also maintained his bullish outlook. He said that the crypto asset is breaking back into its trading range and could see a brief pullback before continuing higher. He added that the $75-$77 range needs to hold as support, and if it does, SOL could not only continue its advance toward $100 but also potentially reach $120 in the coming weeks or months.
Several Solana-focused digital asset treasury (DAT) companies have also posted gains alongside the asset. Shares of Sol Strategies (STKE), for instance, have climbed 13.64% over the past month, while Solana Company (HSDT) gained around 12%. Additionally, Forward Industries (FWDI) also rose by over 7% during the same period.
You may also like: Why Capital Is Flowing Into XRP, SOL, and HYPE Instead of BTC and ETH Here’s How Deeply Underwater Corporate Crypto Bets Have Become After Latest Crash Bitcoin to $16 Trillion? ARK Says BTC Could Eat 70% of the Entire Crypto Market Network Adoption In terms of broader usage trend, Grayscale Research found that the Solana network has processed an average of over 100 million transactions per day so far this year, which is equivalent to more than 1,200 transactions per second. During the same period, it recorded an average of 4.3 million unique daily users and generated roughly $100 million in transaction fees. This activity was attributed to applications across DeFi, social trading, and decentralized infrastructure.
Meanwhile, Solana-based decentralized exchanges have handled over $360 billion in trading volume year-to-date, far exceeding the volume recorded by other blockchain ecosystems.
Yield Guild Games (YGG), the web3 gaming guild that pioneered play-to-earn gaming, is sunsetting its game publishing arm YGG Play, affecting 35 jobs, co-founder Gabby Dizon said on X Monday. YGG will pay departing staff eight additional weeks during the transition and help them find new roles,…
Yield Guild Games (YGG), the web3 gaming guild that pioneered play-to-earn gaming, is sunsetting its game publishing arm YGG Play, affecting 35 jobs, co-founder Gabby Dizon said on X Monday.
YGG will pay departing staff eight additional weeks during the transition and help them find new roles, Dizon said. YGG Play's games, including LOL Land and Waifu Sweeper, and the YGG Play platform itself, will stay live until July 31 before going offline. GIGACHAD BAT will move to delabs Official, while Ragnarok Breaker will continue under Planetarium HQ, according to Dizon's post.
YGG's official account confirmed the decision separately, framing it as "a market decision, not a product decision" driven by "the realities of the broader macroeconomic climate" rather than any failure of YGG Play's "Casual Degen gaming thesis." The unit built the YGG Play Launchpad and worked with major IPs before its shutdown, the company said.
What's Next For YGGGoing forward, Dizon said YGG will operate with a smaller team, returning to its original model of working directly with its gaming community, and expanding into a new line of business: selling player-generated training data to AI labs. The company described its future as a continuation of its "play-to-earn roots, but in a different form."
YGG built its brand during the 2021 P2E boom around Axie Infinity scholarships and later diversified into a broader publishing business as the play-to-earn model cooled, a shift The Defiant covered as the guild weathered previous bear-market pressure.
The YGG Play unit's closure marks the guild's most significant restructuring since that period, cutting a division built to publish original web3 titles rather than manage token-based guild scholarships.
Yield Guild Games, the web3 gaming guild that helped popularize the play-to-earn model during crypto’s last bull run, is pulling the plug on its game publishing division. Co-founder Gabby Dizon announced on X that YGG Play will be fully offline by August 1, with 35 employees losing their jobs in the process.
What happened and what’s next YGG Play launched in 2025 with aspirations to bring casual web3 gaming to the masses. The division branded its approach as the “Casual Degen” model, targeting players who wanted lighter gaming experiences with on-chain elements. Titles like LOL Land and Waifu Sweeper were part of the portfolio, and the division also operated a game launchpad while partnering with third-party studios.
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Dizon cited unsustainable commercial conditions within the broader macroeconomic environment as the reason for the shutdown, even while noting that YGG Play had succeeded in delivering on its product vision. Purchases on the YGG Play platform were disabled as of July 9, and the full shutdown is scheduled for August 1. Select titles tied to third-party developers, like GIGACHADBAT, will continue operating independently of YGG’s infrastructure.
For the 35 departing employees, YGG is offering eight additional weeks of pay during the transition period along with assistance finding new roles.
YGG’s pivot to AI data Rather than simply retreating to its original guild model, YGG is making a notable strategic pivot. The company plans to refocus on two areas: community-driven play-to-earn projects, and generating AI training data derived from gameplay.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Binance Coin has entered July showing greater resilience than many expected. While the broader crypto market continues dealing with cautious institutional sentiment, BNB has managed to defend one of its most important technical support levels.
That stability has helped maintain activity across the BNB Chain ecosystem, where several crypto presales continue attracting steady investor interest.
Among the projects generating the most discussion are MemeToro ($MT), AlphaPepe ($ALPE), and SUBBD. Although all three remain in their fundraising phases, they are building very different ecosystems, giving investors several ways to gain exposure to emerging blockchain sectors before exchange listings.
BNB Continues Supporting Presale Activity BNB has remained one of the stronger-performing large-cap cryptocurrencies during the recent market slowdown.
The token is currently trading between $582 and $590, comfortably holding above the important $580 support level despite ongoing macro uncertainty. Although BNB remains roughly 55% below its all-time high of $1,370, the ecosystem continues expanding through regular network upgrades.
Developers are currently preparing for the upcoming Osaka hard fork, which is expected to improve gas efficiency while introducing a new AI software development kit for builders.
Market analysts continue watching the network closely.
Standard Chartered’s Geoff Kendrick recently noted that consolidation between $550 and $620 appears healthy while maintaining a long-term $1,050 price target based on BNB’s deflationary token model and expanding ecosystem utility.
That stable blockchain environment continues supporting new presales launching across the network.
MemeToro Expands Beyond the Traditional Meme Model MemeToro ($MT) has become one of the more closely watched AI-focused presales on BNB Chain.
Rather than functioning as another community-driven meme token, the platform combines artificial intelligence with automated memecoin creation, decentralized prediction markets, SocialFi participation, behavioral finance, and staking inside one connected ecosystem.
Its AI Agent continuously analyzes market narratives, online discussions, cultural trends, and social sentiment before autonomously supporting fair no-code memecoin launches.
The platform also allows users to participate in decentralized prediction markets covering cryptocurrencies, sports, politics, entertainment, and global events using $MT and BNB.
Alongside these products, holders can access staking rewards of up to 35% APY, encouraging longer-term ecosystem participation before exchange listings begin.
AlphaPepe Is Approaching Public Trading AlphaPepe has entered one of the final stages of its fundraising campaign.
The project has raised nearly $2 million while expanding to more than 9,400 holders. At the center of its ecosystem is AlphaSwap, an AI-powered routing platform that automatically scans smart contracts and deployer wallets before transactions are executed.
This security-focused approach has helped AlphaPepe distinguish itself from traditional meme projects.
Development has also progressed beyond fundraising.
The team has confirmed upcoming exchange listings on Azbit, BiFinance, and Biconomy, giving investors a clearer roadmap toward public trading.
For participants looking at projects nearing launch, AlphaPepe continues building momentum.
SUBBD Targets the Creator Economy SUBBD enters the market with a different focus.
Instead of building around trading or prediction markets, the Ethereum-based project is developing AI-powered voice cloning and workflow automation tools designed for the global creator economy.
The presale has already raised more than $4.5 million, reflecting growing interest in AI applications beyond traditional decentralized finance.
As artificial intelligence becomes one of crypto’s strongest narratives, projects serving specific industries continue attracting increased investor attention.
SUBBD represents that trend by targeting content creators instead of blockchain traders.
Why Stage 3 Still Offers an Earlier Entry Unlike AlphaPepe, which is approaching exchange listings, MemeToro remains earlier in its development roadmap.
The project is currently progressing through Stage 3, where $62000+ has been raised toward the current $79,480 target. Stage 3 is now more than 78% sold, while the current token price remains $0.00154 before the next scheduled increase.
The supply is permanently fixed at 1.2 billion tokens, with 71% allocated directly to public participants. Investors can participate using BNB, ETH, USDT, USDC, or a bank card through the official MemeToro ($MT) presale portal.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Key Highlights Thales secured a binding agreement to purchase 35.51% of Exail Technologies from the Gorgé family for €134 per share Exail’s total enterprise valuation reaches €3.9 billion, representing a 44% premium over the unaffected price of €93.15 Market response: Exail shares climbed approximately 3.3%; Thales shares increased between 1.6% and 1.85% Transaction comes shortly after Safran withdrew from competing takeover discussions Complete acquisition planned following initial stake purchase, with Gorgé transaction closing anticipated in Q3 2027 French defense technology leader Thales has finalized an agreement to purchase a majority position in Exail Technologies, a French drone manufacturer, through a transaction valuing the target at €3.9 billion.
Thales says it agreed to buy the Gorgé family’s 35.51% stake in Exail Technologies and intends to acquire the rest of the maritime robotics company via a mandatory tender offer https://t.co/aJviKzSNNp
— Bloomberg (@business) July 6, 2026
The defense electronics specialist executed a definitive agreement with members of the Gorgé family to acquire their collective 35.51% ownership interest in Exail for €134 per share. This purchase price delivers a substantial 44% premium above Exail’s closing price of €93.15 on June 25, the last trading day before market speculation about potential acquisition interest surfaced.
Shares of Thales traded approximately 1.85% higher at €242.60 during Monday’s opening session. Meanwhile, Exail’s stock price advanced roughly 3.3% to reach €126.50, though still trading beneath the agreed €134 offer price.
Thales S.A., THLLY
This transaction emerges mere days following Safran’s decision to terminate exclusive acquisition negotiations with Exail without finalizing a deal. Thales acted swiftly, with its €134 per share proposal exceeding Safran’s previously reported offer of €128.50.
Bernstein analysts indicated that Thales emerged as the most probable acquirer after Safran’s negotiation breakdown. “Thales remains the superior strategic fit in our view,” the brokerage firm stated.
Strategic Rationale Behind Thales’ Acquisition Exail Technologies holds the position as Europe’s leading supplier of maritime mine-countermeasure robotic systems and ranks as the globe’s second-largest provider of naval inertial navigation technologies. The enterprise was established following the 2022 combination of ECA Group and iXblue, generating €479 million in revenues during 2025.
Citi analysts noted that integrating Exail’s underwater robotic capabilities with Thales’ current underwater warfare portfolio “makes sense,” emphasizing that inertial navigation technology gains strategic importance in GPS-denied operational environments.
Thales Chief Executive Patrice Caine highlighted that both organizations anticipate the anti-submarine warfare market expanding nearly tenfold, from €85 billion in 2025 to exceeding €700 billion by 2030.
Julien Thomas, analyst at TP ICAP Midcap, characterized Thales as the sole “natural potential buyer” for Exail, observing that the French government—holding a 26% stake in Thales—probably supported the transaction. He anticipates no significant antitrust obstacles.
Financial Projections and Expected Benefits Thales projects the transaction will produce over €90 million in adjusted EBIT synergies by 2032, incorporating more than €60 million in cost-related synergies achievable by 2030.
Revenue synergies through commercial opportunities are forecasted to contribute €500 million in incremental sales over a ten-year period.
The company indicated the acquisition would enhance earnings per share starting in the first complete year post-transaction, with return on invested capital surpassing its weighted average cost of capital by the fifth year.
Thales further stated that its pro forma 2027 net financial leverage ratio would approximate 0.7 times, maintaining its investment-grade credit standing, with no modifications to its shareholder dividend policy.
Exail’s board of directors unanimously endorsed the proposed transaction.
Subsequent to acquiring the Gorgé family stake, Thales intends to initiate a mandatory public tender offer for all outstanding Exail shares and ODIRNANE bonds at the identical €134 price. This tender offer is projected to conclude by early 2028, with full acquisition completion contingent upon antitrust clearance and regulatory authorizations.
The initial acquisition of the Gorgé family stake targets completion during the third quarter of 2027.
Key Takeaways Approximately 1 million purchasers of the TRUMP memecoin — representing two-thirds of all participants — experienced collective losses of $3.81 billion by June’s conclusion The former president collected more than $630 million from the cryptocurrency token despite its 97% decline from all-time highs Early, well-informed investors secured $4 billion in gains before the market collapse World Liberty Financial token participants also faced significant setbacks, with 85% of monitored wallets recording $83 million in combined losses Despite SEC’s 2025 decision to cease memecoin oversight, civil litigation remains a possibility according to legal scholars The self-branded cryptocurrency was introduced just seventy-two hours ahead of Trump’s January 2025 inauguration ceremony. After reaching a high exceeding $73 per token, the price has plummeted to approximately $1.70 — representing a decline surpassing 97%.
Trump Price Blockchain analytics provider Nansen reports that 988,905 digital wallets — approximately 66% of all participants — experienced financial losses on the cryptocurrency. The aggregate damage amounts to $3.81 billion through late June 2026.
Trump’s official financial disclosure document, published in June’s final week, revealed earnings exceeding $630 million specifically from the TRUMP cryptocurrency. His overall cryptocurrency-related income for the previous year surpassed $1.4 billion.
2/3 of retail investors lost money on the $TRUMP memecoin…
According to the New York Times, close to 1 million people lost a combined $3.81 billion on Trump's memecoin, which launched in early 2025.
The meme is still worth more than $400M but is well down from all-time highs… pic.twitter.com/Nx8P07r9uJ
— BSCN (@BSCNews) July 6, 2026
Nansen characterized the situation as one where “a limited group of initial purchasers secured massive profits while the widespread retail participant base shouldered the financial burden.” Approximately 500,000 early and knowledgeable investors collected a total of $4 billion in earnings.
The token’s design enabled Trump to generate revenue through transaction fees independent of price fluctuations. Following the launch, Trump actively promoted the cryptocurrency through multiple posts on his Truth Social platform.
Nicholas Pinto, who supported Trump in the 2024 election and lost approximately half of his $500,000 stake, shared with the New York Times: “It is almost a legal scam.”
The White House rejected this assessment. Press representative Anna Kelly stated that Trump “proudly made the United States the crypto capital of the world” and emphasized that all decisions were executed “in the best interest of the American people.”
World Liberty Financial Participants Experience Similar Outcomes Nansen’s analysis extended to World Liberty Financial, a cryptocurrency enterprise associated with Trump and his three sons. The platform offers a token designated as WLFI, initially priced at 1.5 cents before increasing to 5 cents.
Among nearly 27,000 monitored wallets, 85% registered losses accumulating to $83 million. The remaining participants gained a combined total of $23 million.
The cryptocurrency has depreciated 82% since becoming accessible on secondary trading platforms in September. A representative for World Liberty attributed the decline to wider market downturns.
Trump’s financial disclosure indicated earnings just below $800 million from the World Liberty Financial venture. A Trump-affiliated entity receives 75% of all WLFI token sales irrespective of market valuation.
Potential Legal Consequences Remain Uncertain The Securities and Exchange Commission declared in February 2025 its intention to discontinue memecoin transaction investigations, potentially restricting immediate regulatory intervention concerning Trump.
The TRUMP memecoin platform featured a disclaimer characterizing the token as an “expression of support” rather than an investment vehicle.
Nevertheless, Stephen Gillers, who teaches legal ethics at NYU, indicated that such disclaimers might not prevent future civil litigation from investors who sustained financial losses.
During a CNBC interview addressing potential conflicts of interest, Trump maintained there was “nothing illegal” and “nothing wrong” regarding his cryptocurrency earnings, stating that others managed his investment activities.
Key Takeaways Blockchain data reveals 988,905 TRUMP memecoin purchasers—representing two-thirds of all participants—sustained aggregate losses of $3.81 billion by late June The former and current president personally collected more than $630 million from the cryptocurrency venture despite a 97% collapse from record highs Approximately 500,000 early-stage and informed traders secured $4 billion in gains before the market downturn World Liberty Financial token holders fared similarly, with 85% of monitored participants losing $83 million combined Civil litigation remains a possibility according to legal scholars, even after SEC discontinued memecoin investigations in 2025 The TRUMP-branded cryptocurrency launched merely 72 hours ahead of the January 2025 presidential inauguration. The digital asset surged beyond $73 during initial trading but has since plummeted to approximately $1.70—representing a value decline exceeding 97%.
Trump Price Blockchain intelligence platform Nansen identified 988,905 unique cryptocurrency wallets—roughly 66% of total participants—that experienced financial losses on the token. The cumulative damage reached $3.81 billion through June 2026.
Trump’s mandatory financial disclosure filing, made public in the final days of June, revealed cryptocurrency earnings exceeding $630 million specifically from the TRUMP token. His overall digital asset income for the previous year surpassed $1.4 billion.
2/3 of retail investors lost money on the $TRUMP memecoin…
According to the New York Times, close to 1 million people lost a combined $3.81 billion on Trump's memecoin, which launched in early 2025.
The meme is still worth more than $400M but is well down from all-time highs… pic.twitter.com/Nx8P07r9uJ
— BSCN (@BSCNews) July 6, 2026
Nansen characterized the market dynamics as “a concentrated group of early participants capturing massive returns while the mainstream retail investor base shouldered the losses.” Approximately 500,000 strategically positioned and knowledgeable buyers secured a collective $4 billion windfall.
The token’s economic architecture enabled Trump to generate revenue through trading fees independent of price fluctuations. Following the token’s debut, Trump consistently championed the cryptocurrency across his Truth Social platform.
Nicholas Pinto, who supported Trump during the 2024 election cycle and watched roughly half of his $500,000 stake evaporate, told the New York Times: “It is almost a legal scam.”
The administration contested this assessment. White House representative Anna Kelly stated Trump “proudly made the United States the crypto capital of the world” and emphasized all decisions were executed “in the best interest of the American people.”
World Liberty Financial Investors Experience Similar Outcomes Nansen’s investigation extended to World Liberty Financial, a blockchain venture associated with Trump and his three adult sons. The platform distributes a token designated WLFI, originally priced at 1.5 cents before increasing to 5 cents.
Among nearly 27,000 monitored wallets, 85% documented losses aggregating $83 million. The minority of successful wallets generated combined gains of $23 million.
The digital asset has depreciated 82% since becoming accessible on secondary trading platforms in September. A World Liberty Financial representative attributed the decline to widespread market corrections.
Trump’s financial disclosure documented earnings approaching $800 million from the World Liberty Financial operation. A Trump-affiliated entity receives 75% of all WLFI revenue streams irrespective of market valuation.
Potential Legal Ramifications Persist The Securities and Exchange Commission declared in February 2025 its decision to cease memecoin transaction oversight, potentially restricting immediate regulatory intervention concerning Trump.
The TRUMP memecoin platform featured prominent disclaimers characterizing the token as an “expression of support” rather than an investment vehicle.
Nevertheless, New York University legal ethics authority Stephen Gillers suggested the disclosure statements might not prevent future civil litigation from financially damaged participants.
Addressing conflict of interest concerns during a CNBC appearance, Trump maintained there was “nothing illegal” and “nothing wrong” regarding his cryptocurrency profits, asserting that other parties managed his investment portfolio.
Key Highlights 988,905 TRUMP memecoin investors — representing two-thirds of total participants — suffered combined losses of $3.81 billion by late June Trump collected more than $630 million personally from the cryptocurrency venture as its value plummeted 97% from all-time highs Early-entry sophisticated traders secured approximately $4 billion in gains ahead of the market collapse 85% of World Liberty Financial token purchasers recorded losses amounting to $83 million in aggregate Civil litigation remains a possibility despite the SEC discontinuing memecoin investigations in 2025, according to legal scholars The president unveiled his namesake memecoin merely three days prior to taking office in January 2025. The digital asset surged beyond $73 before collapsing to its current trading range around $1.70 — representing a decline exceeding 97%.
Trump Price Data compiled by blockchain analytics platform Nansen indicates that 988,905 unique wallet addresses — approximately two-thirds of all participants — experienced financial losses on the cryptocurrency. Cumulative losses reached $3.81 billion through June 2026.
Trump’s official financial disclosure statement, published in late June, revealed personal earnings surpassing $630 million specifically from the TRUMP token. His aggregate cryptocurrency-related income for the previous year exceeded $1.4 billion.
2/3 of retail investors lost money on the $TRUMP memecoin…
According to the New York Times, close to 1 million people lost a combined $3.81 billion on Trump's memecoin, which launched in early 2025.
The meme is still worth more than $400M but is well down from all-time highs… pic.twitter.com/Nx8P07r9uJ
— BSCN (@BSCNews) July 6, 2026
Nansen characterized the situation as one where “a limited group of early participants extracted massive profits while mainstream retail investors bore the financial burden.” Approximately 500,000 early adopters and experienced traders collectively secured $4 billion in returns.
The token’s design enabled Trump to generate revenue through transaction fees independent of price performance. Following the launch, Trump actively promoted the cryptocurrency through multiple posts on his Truth Social platform.
Nicholas Pinto, who voted for Trump in 2024 and lost approximately half his $500,000 stake, described the situation to the New York Times as: “It is almost a legal scam.”
The White House rejected such descriptions. Press secretary Anna Kelly stated that Trump “proudly made the United States the crypto capital of the world” and emphasized that all decisions were made “in the best interest of the American people.”
World Liberty Financial Token Holders Face Similar Losses Nansen’s analysis also examined World Liberty Financial, a cryptocurrency venture associated with Trump and his three sons. The project markets a token designated WLFI, originally priced at 1.5 cents before adjusting to 5 cents.
Among nearly 27,000 monitored wallet addresses, 85% registered losses totaling $83 million. The remaining participants gained a collective $23 million.
The digital asset has declined 82% since becoming accessible on secondary trading platforms in September. A World Liberty representative attributed the downturn to wider market corrections.
Trump’s financial disclosure documented earnings just below $800 million from the World Liberty Financial platform. A Trump-affiliated entity receives 75% of all WLFI token sales irrespective of price movements.
Potential Legal Challenges Persist The Securities and Exchange Commission declared in February 2025 that it would cease examining memecoin-related activities, potentially restricting immediate regulatory enforcement against Trump.
The TRUMP memecoin platform featured a legal disclaimer characterizing the token as an “expression of support” rather than an investment vehicle.
Nevertheless, New York University legal ethics professor Stephen Gillers suggested the disclaimers might not prevent future private lawsuits from investors seeking compensation for losses.
Addressing conflict of interest concerns during a CNBC interview, Trump asserted there was “nothing illegal” and “nothing wrong” with his cryptocurrency earnings, noting that other parties managed his investments.
President Trump called his family's cryptocurrency windfall "nothing wrong," even as Nansen data show most TRUMP memecoin buyers are deep in the red.
Posted July 6, 2026 at 6:41 am EST.
Trump insisted there’s nothing wrong or illegal about the $1.4 billion he and his family earned from crypto ventures in 2025, defending the windfall in a CNBC interview at the White House on Thursday.
The financial disclosure, released by the Office of Government Ethics last week, showed $636 million in royalties tied to Trump’s eponymous memecoin, roughly $594 million from World Liberty Financial, the venture he co-founded with sons Eric Trump and Donald Trump Jr., and nearly $197 million from a stablecoin venture linked to Abu Dhabi’s Sheikh Tahnoon bin Zayed Al Nahyan.
This story is an excerpt from the Unchained Daily newsletter.
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Asked whether he was aware of the crypto dealings, Trump told CNBC’s Joe Kernen, “I could know about it. I didn’t. I mean, there’s nothing illegal, there’s nothing wrong with it.”
Trump handed day-to-day control of his companies to his sons rather than divesting, and his administration has pursued a permissive approach toward crypto regulation. Critics argue the arrangement lets the Trump family profit from policies it directly shapes. According to Trump, however, his administration’s cryptocurrency efforts are geared toward achieving dominance over China.
Blockchain analytics firm Nansen found that of the 1.48 million wallets that have bought the TRUMP memecoin since its January 2025 launch, 988,905, roughly two-thirds, are underwater, with combined losses of $3.81 billion, the New York Times reported last week. Only 492,285 wallets are in profit, concentrated among traders who bought in the token’s earliest hours, before it rose to a $75 peak. The coin was most recently trading at $1.66, down 98% from its price record. On World Liberty Financial’s token, about 85% of secondary-market wallets are underwater too.
Trump’s crypto earnings have drawn recurring scrutiny since his return to office. Senator Elizabeth Warren has pushed to bar Trump and his family from profiting from the sector through the pending Clarity Act. Meanwhile, five Democratic senators, including Warren, have separately demanded hearings into a reported $500 million stake a UAE royal adviser took in World Liberty Financial.
Related Listen: Why Authorities Can’t Freeze Crypto Fast Enough: DEX in the City
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Key Takeaways HYPE successfully cleared a symmetrical triangle formation on the 30-minute timeframe, currently hovering near $71.25 Technical analysis points to a measured objective around $76.99, representing approximately 8-9% potential upside Momentum indicators show RSI in the 55-60 zone, suggesting additional upward capacity before reaching overbought levels Crypto analyst AltcoinSherpa anticipates consolidation between $50-$75 before a potential surge toward the $100 milestone The platform dominates decentralized perpetual futures trading with a commanding 68.4% market share Hyperliquid has successfully pierced through a symmetrical triangle formation on shorter timeframes, with the token currently changing hands around $71.25 USDT. This technical development indicates a possible shift in near-term price dynamics following an extended period of range-bound trading.
Hyperliquid (HYPE) Price The previous triangle’s upper boundary has now converted into a support foundation. Market participants are closely monitoring whether HYPE can maintain levels above the $67-$68 area, which represents the critical breakout threshold.
Looking at overhead resistance, $72 represents the initial hurdle to overcome. A decisive move beyond this level could propel the price toward the calculated projection of $76.99, offering approximately 8-9% gains from the breakout point.
The Relative Strength Index currently registers between 55-60, indicating a neutral-to-positive stance. This positioning suggests additional upside potential remains available before the indicator reaches overbought territory above the 70 threshold.
Technical Indicator Analysis The MACD indicator is showing signs of stabilization following a recent correction phase. Meanwhile, the Stochastic RSI is climbing from oversold territory, reinforcing the argument for emerging buying momentum.
TradingView’s aggregated technical ratings display a neutral stance on shorter intervals, but flash a Buy recommendation on the weekly chart and a Strong Buy signal on the monthly timeframe. The macro trend trajectory continues pointing upward.
HYPE maintains its position above the ascending 50-day exponential moving average, which has provided consistent dynamic support throughout the latest retracement. Both the 100-day and 200-day moving averages are trending upward as well.
Cryptocurrency analyst AltcoinSherpa provided his perspective on X, stating: “$HYPE has been chopping/grinding around for about 1 month and I would like to see it continue in this fashion. The longer something ranges, the stronger the proceeding move after. I’d love to still see this chop between 50-75 over the next few weeks/months and then run to $100.” His analysis emphasizes a patient approach, with a longer-term objective of $100 contingent on sustained consolidation.
$HYPE has been chopping/grinding around for about 1 month and I would like to see it continue in this fashion. The longer something ranges, the stronger the proceeding move after. I'd love to still see this chop between 50-75 over the next few weeks/months and then run to $100 pic.twitter.com/LsHhOYSAcD
— Altcoin Sherpa (@AltcoinSherpa) July 5, 2026
Platform Fundamentals and Market Dominance Beyond technical indicators, Hyperliquid’s underlying metrics demonstrate robust performance. The protocol commands an impressive 68.4% of the decentralized perpetual futures trading volume. When factoring in centralized exchanges, its share of the global perpetuals market reaches 7.4%.
🐋 WHALE WATCH: Hyperliquid pulled $116M in net bridged inflows in 24 hours.
Thats not a spike. The velocity is increasing.
Capital is picking a winner in the perp DEX space and right now its picking $HYPE.
Watch the flow. pic.twitter.com/lXMgeJMJXN
— Whale Factor (@WhaleFactor) July 5, 2026
The protocol’s token buyback system allocates 99% of platform trading fees toward repurchasing HYPE from the open market. Approximately 46.8 million tokens, valued at roughly $3.1 billion, have been repurchased since the platform’s debut in late 2024.
HYPE has appreciated over 150% during the past six months and approximately 170% on a year-to-date basis. Its 52-week trading range spans from $20.52 on the low end to $76.70 at the peak.
Critical support on the downside is located at $58.56, where the recent swing low converges with the 50-day exponential moving average.
BlackRock withdrew 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
According to monitoring by Onchain Lens, BlackRock has just purchased and withdrawn 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
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Coinbase launches spot trading for Grove (GROVE)
According to official news, Coinbase announced it will list Grove (GROVE) for spot trading starting July 6, 2026. If liquidity requirements are met, the GROVE-USD trading pair will open in supported regions later today.
6 minutes ago
Influenced by news that Strategy sold Bitcoin to pay dividends, STRC rebounded to break above $90.
According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.
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BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million
According to monitoring by Onchain Lens, BlackRock just purchased and withdrew 7,546 ETH from Coinbase Prime, worth approximately $13.2 million.
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Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M.
The $DEXE price keeps climbing today. Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M. The highest return has reached 104.57%.
According to monitoring by Onchain Lens, publicly listed Bitcoin mining firm Riot Platforms has deposited 500 BTC, valued at around $30.9 million, with NYDIG Custody, likely for sale.
Whale Alert: A major wallet address has taken short positions in South Korean semiconductor stocks amid the "fateful week", with combined short positions in Samsung and SK Hynix amounting to $14.8 million. 5 hours ago
According to Hyperinsight monitoring, the whale address starting with 0x4c7 holds a total of 9 semiconductor-related positions on Hyperliquid, with a total notional size of approximately $36.448 million. Among these, two short positions on South Korean semiconductor stocks Samsung Electronics (SMSN) and SK Hynix (SKHX) amount to roughly $14.84 million, making it the largest short seller of SKHX. On the news front, this week marks a high-event window for South Korean semiconductor stocks: Samsung Electronics will release its preliminary Q2 results on July 7, SK Hynix’s ADR will list in the U.S. on July 10, and the Federal Reserve’s June meeting minutes will be released in the early hours of July 9 (Beijing time). Some South Korean media have dubbed this week the "fateful week" for the country’s semiconductor sector. Details of the two short positions are as follows: SKHX Short Position (4x isolated margin): Size of approximately $10.865 million, average entry price of $1,461.06, current price of ~$1,534.90, liquidation price of $1,854.69, unrealized loss of ~$523,000 (-20.2%). SMSN Short Position (4x isolated margin): Size of approximately $3.974 million, average entry price of $201.54, current price of ~$207.54, liquidation price of $251.85, unrealized loss of ~$115,000 (-11.9%). It is reported that despite a pullback in South Korean stocks today, this address has not turned profitable. It continued to slightly add to its Samsung short position by approximately $182,000 this afternoon, with no open orders visible at present. -HyperInsight Bot is now live. Add @HyperInsightBot to Telegram groups and set it as an admin (enable message sending permission) to automatically sync on-chain news.
Relevant content
BlackRock withdrew 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
According to monitoring by Onchain Lens, BlackRock has just purchased and withdrawn 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
6 minutes ago
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According to official news, Coinbase announced it will list Grove (GROVE) for spot trading starting July 6, 2026. If liquidity requirements are met, the GROVE-USD trading pair will open in supported regions later today.
6 minutes ago
Influenced by news that Strategy sold Bitcoin to pay dividends, STRC rebounded to break above $90.
According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.
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BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million
According to monitoring by Onchain Lens, BlackRock just purchased and withdrew 7,546 ETH from Coinbase Prime, worth approximately $13.2 million.
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Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M.
The $DEXE price keeps climbing today. Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M. The highest return has reached 104.57%.
According to monitoring by Onchain Lens, publicly listed Bitcoin mining firm Riot Platforms has deposited 500 BTC, valued at around $30.9 million, with NYDIG Custody, likely for sale.
Key HighlightsTechnology Sector and Artificial Intelligence Momentum ReturnCentral Bank Policy Minutes and Monetary Tightening SpeculationCrude Markets Decline Following OPEC+ Production AgreementGet 3 Free Stock Ebooks Nasdaq 100 contracts climbed 1.1%, S&P 500 contracts gained 0.5%, Dow contracts edged lower Technology sector spearheads morning gains following recovery from late-June semiconductor selloff Foxconn posted quarterly revenue above analyst projections, reinforcing persistent artificial intelligence demand OPEC+ members reached agreement to increase production by 188,000 barrels daily starting August, weighing on crude Federal Reserve meeting minutes from Chair Kevin Warsh’s inaugural session scheduled for Wednesday release Equity index futures traded in positive territory during Monday’s pre-market session, propelled primarily by strength in technology names. Nasdaq 100 contracts advanced 1.1%, accompanied by a 0.5% rise in S&P 500 contracts. Dow Jones Industrial Average futures declined modestly, shedding approximately 28 points.
E-Mini S&P 500 Sep 26 (ES=F) The Dow reached a fresh record at Thursday’s closing bell — marking the 20th time in 2026 the blue-chip index has finished at an all-time peak. The three primary benchmarks all registered weekly advances despite abbreviated trading around the holiday.
Technology Sector and Artificial Intelligence Momentum Return Semiconductor equities have recaptured investor attention following recent weakness. The Invesco PHLX Semiconductor ETF has surrendered 11.4% of its value through July, though Monday’s pre-market activity hints at a potential turnaround.
Foxconn, which serves as a major supplier to Nvidia, disclosed Sunday that quarterly revenue exceeded Wall Street forecasts. Market participants interpreted the results as confirmation that artificial intelligence hardware requirements continue expanding.
Samsung Electronics will unveil quarterly results on Tuesday. Market watchers anticipate the South Korean memory chip giant will reveal profits approximately 18 times larger than year-ago levels.
SK Hynix, ranking as the planet’s second-biggest memory chip producer and based in South Korea, intends to secure over $29 billion through an American depositary receipt offering on Nasdaq within days.
JPMorgan strategists elevated their year-end S&P 500 forecast, pointing to the artificial intelligence supercycle as a primary catalyst. The firm cautioned, though, that upward momentum will likely include volatility along the way.
Central Bank Policy Minutes and Monetary Tightening Speculation Market participants are focused on Wednesday’s publication of Federal Reserve June meeting records. The session represented Kevin Warsh’s debut as chairman following his replacement of Jerome Powell in late May.
Warsh has reinforced the central bank’s commitment to its 2% inflation objective. Financial markets have interpreted this stance as signaling a more restrictive policy bias.
ING analyst Chris Turner indicated that “the core message should be a hawkish one,” suggesting certain Federal Reserve officials might consider another rate increase as the next policy adjustment.
The benchmark 10-year Treasury yield registered 4.461% in early Monday trading, slipping marginally from the prior week’s levels.
Disappointing June employment data has also altered rate trajectory expectations. Monday’s release of US services sector indicators may provide additional economic insights.
Crude Markets Decline Following OPEC+ Production Agreement Oil prices softened after OPEC+ members agreed to lift output by approximately 188,000 barrels daily beginning in August. The Saudi kingdom is participating in the production enhancement.
West Texas Intermediate contracts changed hands below $69 per barrel during early Monday activity.
The Strait of Hormuz, representing a critical petroleum transit chokepoint, has resumed normal operations. This development has diminished some inflation anxieties connected to energy supply interruptions.
Declining crude prices alleviate pressure on Federal Reserve policymakers and eliminate one potential inflation contributor.
After failing to breach $0.00165 for three consecutive days, Pump.fun [PUMP] bulls bounced back and pushed the coin’s price to a monthly high of $0.00169 before pulling back slightly.
At press time, Pump.fun traded at $0.00165 after rising by 9% on the daily charts. This price hike was supported by a 61% increase in trading volume, reflecting strong market participation.
Pump.fun demand signals a recovery After PUMP dropped to $0.0015, traders returned with strength to defend this key support.
Coinalyze data shows PUMP logged $3.22 billion in buy volume versus $2.7 billion in sell volume on the 5th of July. The trend has continued, with buy volume rising to $1.14 billion compared to $1.02 billion in sell volume at the time of writing.
Source: Coinalyze Over this period, the altcoin saw a positive buy-sell delta of 616 million. A positive delta suggested buyers currently enjoy significant control of the spot market. On the derivatives market, PUMP’s Open Interest (OI) surged 12% to $144 million.
At the same time, the altcoin’s Derivatives Volume climbed 40% to $149 million. Rising OI and volume in tandem indicated greater participation as traders opened new positions, both short and long.
Source: CoinGlass In fact, traders on Binance and OKX mostly opened long positions, as the Long/Short Ratio remained above one.
Thus, speculative activity also returned to the market. Historically, sustained demand on both the spot and derivatives has always preceded stronger upward momentum.
Can the upside momentum hold? PUMP has recently shown relative strength, largely driven by a recovery in demand-side activity. As a result, the altcoin’s upside momentum has strengthened significantly.
For starters, the altcoin’s Aroon Up indicator surged to 100%, while Aroon Down fell to 21%. With Aroon Up at such elevated levels, the signal points to strong upward momentum.
Source: TradingView At the same time, the ADX-DI indicator also confirms this strength as the positive index formed a bullish crossover and rose to 16.
Taken together, these indicators point to strong market momentum and a high likelihood that the trend will continue. Therefore, if demand experienced across the market holds, we could see PUMP make some gains on its price charts.
In doing so, the altcoin will hold $0.0016 and target $0.0018 resistance. However, if the altcoin fails to close above $0.0016, another pullback to $0.0013 could follow.
Final Summary Pump.fun surged 9% to a monthly high of $0.00169 before retracing to $0.00165 at press time. PUMP signaled a recovery in demand across spot and derivatives markets, as bulls target the $0.0018 resistance.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Strategy chairman argues institutional capital flows, not halving cycles, will drive Bitcoin's next decade of growth.
Strategy (Nasdaq: MSTR) co-founder and chairman Michael Saylor is reframing how investors should think about Bitcoin's price trajectory.
The four-year halving cycle, long treated as the dominant model for predicting market moves, is no longer at the center of his argument.
The halving still matters, but it's no longer the storySaylor was clear that the halving itself remains structurally significant. In an X post on July 5, he mentioned that reducing new supply every four years reinforces the credibility of Bitcoin's 21-million-coin cap and remains a core part of its monetary architecture. That hasn't changed.
What has changed, in his view, is what actually moves the price. Bitcoin has grown too institutional, too globally integrated, and too deeply embedded in capital markets to be explained by a retail-driven supply cycle.
The simple four-year model, he argued, belongs to an earlier phase of adoption, one that no longer reflects how the asset behaves.
Trending on TheStreet RoundtableBillionaire who called dot-com bubble makes shocking Bitcoin predictionAnalyst predicts 200% upside for Circle stock despite fierce competitionBillionaire investor reveals key reasons behind Bitcoin's declineCapital flows replace mining cycles as the dominant driverThe argument Saylor is making is a structural one. Over the next decade, he said, Bitcoin's trajectory will be shaped less by miner issuance and more by the movement of capital across an expanding range of financial institutions and instruments.
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ETF flows, corporate treasury allocations, sovereign reserve decisions, bank credit, derivatives markets, insurance capital, and structured credit products, these, in his framing, are now the variables that matter.
The halving tightens supply on a fixed schedule. Capital flows determine what happens to the price.
“This is the next phase of Bitcoin adoption: not just more buyers, but more balance sheets,” Saylor said.
From digital capital to digital creditSaylor extended the argument into what he calls digital credit, the layer of Bitcoin-backed financial products that connects Bitcoin to the broader global economy. Capital markets require yield, duration, collateral, and income products.
Bitcoin alone provides a superior form of capital, but Bitcoin-backed instruments allow that capital to move through the financial system in ways that drive adoption beyond simple buying and holding.
"Digital capital becomes digital credit. Digital credit becomes digital money," Saylor wrote in the post, framing the evolution not as a dilution of Bitcoin's value but as a mechanism that strengthens it by integrating it more deeply into global finance.
Meanwhile, Strategy disclosed on July 6 that it sold 3,588 Bitcoin for $216 million between June 29 and July 5 to make its balance sheet robust. This is the firm's second Bitcoin sale this year.
Why Did Strategy Sell Bitcoin? Strategy sold 3,588 BTC for approximately $216 million last week, marking a notable shift for the world’s largest corporate bitcoin holder as it used part of its crypto reserve to fund preferred stock distributions and rebuild its dollar liquidity buffer.
The company said in an SEC filing that it sold 1,363 BTC for $80.8 million between June 29 and June 30 at an average price of $59,256 per bitcoin. It sold another 2,225 BTC for $135.2 million between July 1 and July 5 at an average price of $60,773.
The proceeds were used to pay distributions on preferred stock and replenish part of the company’s USD reserve, which stood at $2.55 billion as of July 5. The move follows Strategy’s recent adoption of a Digital Credit Capital Framework, which requires its dollar reserve to be used only for preferred stock dividends and interest payments.
For investors, the sale matters because Strategy has long been treated as a one-way corporate bitcoin accumulator. The latest filing shows the company is now prepared to monetize part of its holdings when its capital structure requires liquidity, even while it remains heavily exposed to bitcoin.
How Large Are Strategy’s Remaining Bitcoin Holdings? Strategy still holds 843,775 BTC, worth around $52.3 billion at current prices. The company acquired those holdings at an average price of $74,476 per bitcoin, for a total cost of about $63.7 billion, including fees and expenses, according to co-founder and executive chairman Michael Saylor.
That leaves the company with holdings equal to more than 4% of bitcoin’s 21 million supply cap. It also leaves Strategy carrying roughly $11.4 billion in paper losses at current prices, based on the difference between the market value of its bitcoin and its aggregate purchase cost.
The latest sale does not meaningfully reduce Strategy’s dominant position among corporate bitcoin holders. It does, however, change how investors may read the company’s treasury strategy. Bitcoin is no longer only an asset being accumulated. It is also a liquidity source tied to preferred dividends, interest obligations, reserve coverage, and potential buybacks.
Strategy said it recorded an $8.32 billion loss on digital assets during the second quarter, including an $8.31 billion unrealized loss and a $0.9 million realized loss. Because the market value of its bitcoin fell below its purchase cost at quarter-end, the company also said it will fully offset the related deferred tax benefit with a valuation allowance.
Investor Takeaway Strategy remains a leveraged bitcoin proxy, but the sale introduces a new investor question: whether bitcoin will be used more often as a funding tool when preferred stock obligations, credit securities, or reserve targets require cash.
What Does The Digital Credit Framework Change? Strategy’s new Digital Credit Capital Framework gives its balance sheet a more formal liquidity structure. The company’s board-approved policy requires the USD reserve to cover at least 12 months of preferred stock dividends and interest payments. The reserve rose to $2.55 billion from $1.4 billion a week earlier.
The company also authorized a $1 billion Digital Credit Securities Repurchase Program covering STRC, STRF, STRD, and STRK, with STRC expected to be the initial priority. A new STRC Dividend Policy gives management discretion to review the dividend rate monthly based on market conditions, bitcoin prices, credit spreads, reserve coverage, and other factors.
STRC had previously been a key funding tool for Strategy’s bitcoin acquisitions and currently carries an annualized rate of 12%. But it has struggled to regain its $100 par value since mid-May, limiting its usefulness as a funding channel for fresh bitcoin purchases. STRC closed at $87.87 on Thursday after previously falling to $71.25 as bitcoin dropped below $60,000.
Strategy also approved a separate $1 billion Class A common stock repurchase program, which will not be funded from the USD reserve. In addition, it introduced a BTC Monetization Program that allows the company to sell bitcoin to raise up to $1.25 billion for the reserve, preferred stock dividends and interest payments, or repurchases of digital credit securities and common stock. The full capacity remained available as of July 5, the company said.
Does The Sale Create New Risk For Bitcoin Markets? The formal bitcoin sale policy introduces a more complex market profile for Strategy. The company has historically been viewed as a major source of corporate bitcoin demand. A policy that allows bitcoin sales means it can also become a source of supply when balance sheet needs require cash.
Analysts at JPMorgan described the shift as creating “avoidable two-way risk” because Strategy may now act as both a buyer and seller of bitcoin. That does not imply forced selling is imminent, but it changes the market’s reading of Strategy’s role. Its treasury model is now tied not only to bitcoin conviction, but also to credit spreads, dividend obligations, reserve policy, and investor demand for its securities.
Other analysts have argued that forced selling remains unlikely because of Strategy’s balance sheet position. The company has still bought about 175,000 BTC for roughly $14 billion so far in 2026, keeping it far ahead of other public companies that have adopted bitcoin treasury models.
Per Bitcoin Treasuries data, 197 public companies have adopted some form of bitcoin acquisition strategy. Tether-backed Twenty One, Metaplanet, MARA, and Bitcoin Standard Treasury Company make up the rest of the top 5, with 43,514 BTC, 43,000 BTC, 36,303 BTC, and 30,021 BTC, respectively.
Investor Takeaway The market risk is not that Strategy has abandoned bitcoin. The risk is that its capital structure now makes bitcoin sales part of the toolkit, which could weigh on sentiment during periods of weak prices, stressed credit spreads, or pressure on preferred securities.
How Are Markets Reading Strategy’s Shift? Bitcoin dropped about 2% on Monday after the filing. Strategy shares were also down in pre-market trading, although the stock had gained 21.1% overall last week following the Digital Credit Capital Framework announcement. The stock closed Thursday at $100.77 but remains sharply lower over the past year.
The market reaction shows the tension in Strategy’s model. Investors may welcome a larger reserve, a more formal credit framework, and buyback capacity, but bitcoin sales challenge the company’s long-running accumulation narrative.
Saylor continued to frame bitcoin as the company’s central asset, posting another acquisition tracker chart with the caption, “Bitcoin is digital energy.” He also argued that bitcoin’s next growth phase will be driven less by protocol changes and halving cycles and more by institutional capital, credit markets, and financial infrastructure around the network.
That argument remains central to Strategy’s investment case. The company is trying to turn bitcoin holdings into a broader capital markets structure supported by preferred stock, credit securities, reserves, buybacks, and selective monetization. The immediate test is whether investors view that as financial discipline or as a sign that the bitcoin treasury model is becoming harder to manage when prices fall below cost basis.
The Strategy Bitcoin Sale today became the latest reminder to traders and investors worldwide that even the strongest institutional narratives can surprise. According to data shared by Michael Saylor, the company dumped 3,588 BTC between June 30 and July 6.
At the current price of BTC, the amount sold is nearly $225 million, leaving Strategy with 843,775 BTC as of July 6.
Why Strategy’s First Major Dump Raises Eyebrows & Pushes Michael Saylor In Bad Public OpinionToday’s dump criticizes the company and Saylor pretty badly, and what makes this move notable isn’t just the size. Previously, Strategy sold only a symbolic 32 BTC, a transaction size that was fractional relative to the company’s holdings. Regarding that 32BTC sale, many investors treated it as insignificant, pushing both the company and Michael Saylor into the pit of public opinion.
This is coming because, this time, the sale is large enough to qualify as the company’s first major Bitcoin Sale, which immediately changed the conversation around one of the market’s most closely watched corporate holders.
For years, traders have viewed Startagy’s action as an ideal company that everyone began to look up to and thought of as a near-ermanent source of institutional demand. A meaningful sale, even without additional context, naturally attracts attention because it represents a change in behavior by an entity that built its reputation on accumulation over many years.
A Trader Experienced Worst Luck with Worst Possible TimingCrypto’s sense of humor can be brutal. Why? Because shortly after the sale was announced publicly, onchain data platform showed that the trader experienced the worst possible luck, returned to Hyperliquid after 3 months of inactivity, and opened a 40x leveraged position on 500 BTC, worth roughly $31 million.
Then guess what, the worst possible timing led the market to move the other way around as BTC price bled over 2% today.
According to the Lookonchain post, the position quickly fell into the red, with unrealized losses reaching approximately $463,000 after Bitcoin dropped following the strategy announcement.
Harsh Reality: In Crypto, Narratives Matter More Than NumbersAfter the first fractional sale in June, the second sale is also not large relative to the firm’s holdings, which are still 843775 BTC. Yet markets often react less to the quantity sold and more to what the sale might imply.
For now, the Strategy Bitcoin sale hasn’t erased the company’s status as the largest corporate holder of BTC. But it has reminded traders that even the strongest institutional stories aren’t completely immune to change and that leverage and unexpected headlines remain a dangerous combination.
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American Bitcoin Corp just added another 500 BTC to its treasury, pushing total holdings to 8,000 BTC. For a company that held roughly 5,401 BTC at the end of 2025, that’s a nearly 50% increase in about six months.
ABTC, a subsidiary of Hut 8 Corp that trades on Nasdaq, has been on a buying-and-mining spree that’s hard to ignore. The firm ranked as the 17th-largest public Bitcoin holder as of May 2026, and this latest addition likely nudges it a few spots higher on that leaderboard.
The accumulation playbook ABTC’s strategy combines mining output with strategic treasury purchases to build its stack. During Q1 2026 alone, the firm mined 817 BTC.
The holdings trajectory tells the story. At the end of 2025, ABTC sat at approximately 5,401 BTC. By mid-May 2026, that number had climbed to 7,500 BTC, representing roughly 30% growth in the first quarter and change of the year. Then came a bump to 7,300 BTC (reported alongside Q1 results), followed by additional purchases that brought the total to 7,500 BTC by mid-May. Now, with this latest 500 BTC addition, the company crosses the 8,000 BTC threshold.
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ABTC operates nearly 90,000 mining units as of May 2026.
The Trump connection and corporate maneuvering Eric Trump serves as co-founder and chief strategy officer. The company came into existence in 2025 following a merger with Gryphon Digital Mining.
ABTC executed a reverse stock split of 1-for-15, effective July 6, 2026. Every 15 shares got consolidated into one share, which mathematically boosts the per-share price. ABTC framed the move as addressing stock volatility and maintaining its Nasdaq listing.
Financing the machine ABTC has utilized financing through Bitmain, one of the world’s largest mining hardware manufacturers, and has pledged Bitcoin as collateral for miner acquisitions.
When you pledge your Bitcoin to buy more miners to mine more Bitcoin, you’re creating a feedback loop that works beautifully in bull markets. In bear markets, collateral calls, declining mining revenue, and hardware depreciation can compound quickly.
What this means for investors ABTC’s jump from 5,401 BTC to 8,000 BTC in roughly six months reflects a company that’s treating this as a land grab. The 17th-largest public Bitcoin holder designation puts ABTC among a cohort where most publicly traded companies hold zero Bitcoin.
The reverse stock split signals that the equity side of the business has faced pressure, even as the Bitcoin treasury has grown substantially. The Bitmain financing arrangement, where pledging Bitcoin to acquire miners creates leverage, amplifies both upside and downside. If Bitcoin prices decline meaningfully, ABTC could face margin pressure on those collateralized positions while simultaneously seeing reduced mining profitability.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
July has brought renewed optimism to the crypto market. Bitcoin has stabilized above key support, several major altcoins are attempting to recover from months of weakness, and investors are once again looking at presales before the next market expansion.
While many projects continue promoting future roadmaps, some are already introducing ecosystem features during fundraising.
MemeToro ($MT) is one of those projects. As Stage 3 moves past 78% sold, the platform has expanded beyond fundraising by introducing 35% APY staking alongside its AI-powered ecosystem. That combination has helped the project attract attention from investors looking for utility before exchange listings.
Stage 3 Continues Filling as Investor Interest Builds MemeToro ($MT) has continued making steady progress throughout July.
The project is currently in Stage 3, where more than 78% of the allocation has already been sold. The current round has raised $62000+ toward its $$79,480 funding target, while each $MT token remains available for $0.00154 before the next scheduled price increase.
Unlike public exchanges where prices fluctuate daily, presale pricing follows predetermined milestones.
As each stage closes, the token price increases for new participants, making timing an important consideration for investors evaluating early-stage projects.
The platform also maintains a permanently fixed supply of 1.2 billion $MT, with 71% allocated directly to public participants, reinforcing its community-focused token distribution.
Staking Adds Utility Before Exchange Listings Many crypto projects wait until after launch to introduce staking.
MemeToro ($MT) has taken a different approach by making 35% APY staking part of the ecosystem during the presale itself.
Rather than leaving tokens inactive, participants can prepare for an ecosystem where staking becomes one of several ways to interact with the platform beyond simple buying and holding.
The staking model also complements the broader project vision.
Instead of depending solely on market speculation, MemeToro continues building incentives designed to encourage long-term ecosystem participation as additional products become available.
AI Remains the Center of the Ecosystem Staking is only one part of MemeToro’s broader platform.
The ecosystem is built around an AI Agent that continuously analyzes online discussions, social sentiment, market narratives, and cultural trends before autonomously supporting fair no-code memecoin launches.
By reducing direct developer involvement during token creation, the platform aims to simplify launches while lowering many of the risks traditionally associated with manually deployed meme projects.
Artificial intelligence also supports the platform’s decentralized prediction markets.
Users can forecast outcomes across cryptocurrencies, sports, politics, entertainment, and global events using both $MT and BNB, giving the ecosystem another layer of ongoing participation.
Combined with SocialFi and behavioral finance tools, MemeToro continues expanding beyond the traditional memecoin model.
Market Conditions Continue Favor Early Development The broader crypto market remains cautious despite recent stabilization.
Bitcoin continues holding between $62,000 and $63,000, but institutional sentiment has been affected by continued ETF outflows and higher interest rates. Analysts still believe reclaiming the 20-day EMA around $62,450 is necessary before a stronger recovery begins.
This environment has encouraged many investors to diversify.
Instead of allocating exclusively to established cryptocurrencies, some are also exploring projects that continue developing products regardless of broader market conditions.
That trend has supported growing interest in AI-powered ecosystems throughout 2026.
How to Participate in the MemeToro Presale Joining the MemeToro presale remains a straightforward process.
Investors can visit the official presale portal, connect a compatible BNB Chain wallet, and purchase $MT using BNB, ETH, USDT, USDC, or a bank card.
After the transaction is confirmed, tokens are allocated through the participant’s presale account ahead of future distribution.
Beyond the presale itself, $MT functions as the utility asset across automated memecoin creation, decentralized prediction markets, staking, SocialFi participation, and future ecosystem services.
Why MemeToro Is Drawing Attention in July July’s market has created opportunities across both established cryptocurrencies and emerging presales. While Bitcoin continues defending key support and investors wait for stronger institutional participation, early-stage AI projects have continued expanding their ecosystems.
MemeToro ($MT) is following that path by developing several products before exchange listings begin. With Stage 3 now more than 78% sold and pricing still at $0.00154, the project remains one of the AI-focused presales many investors continue watching as the second half of 2026 unfolds.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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Solana is now formally in the U.S. spot ETF conversation after a VanEck-linked proposal reached the SEC through a Cboe BZX rule filing.
For more details, visit the official SEC platform.
TL;DR A Solana spot ETF proposal has entered the SEC process through a Form 19b-4 filing.The filing argues that SOL should be treated as a commodity-style crypto asset rather than a security.Approval is not guaranteed, but the filing expands the ETF race beyond Bitcoin and Ethereum. The filing is important because spot crypto ETFs in the U.S. have so far been dominated by Bitcoin, with Ethereum products forming the next major battleground. Solana entering the process gives investors a clearer view of which altcoins institutions think can support a regulated fund wrapper.
Solana Gets Its ETF Test VanEck has been one of the more aggressive asset managers in digital assets, and the Solana filing fits that pattern. The central question is whether the SEC will accept the argument that SOL has enough market structure, liquidity, and regulatory clarity to sit inside a spot ETF product.
That is not a small hurdle. Bitcoin and Ethereum already had deep futures markets, years of institutional coverage, and extensive regulatory discussion before their fund structures advanced. Solana has strong network usage and a large market, but it also comes with a different history around outages, token distribution, and how regulators classify major altcoins.
Why The Filing Still Matters Even if approval takes time, the filing changes the conversation. It shows that major issuers are no longer waiting for the SEC to define the next wave of crypto ETF assets. They are forcing the question directly through the rule-change process.
For Solana, that matters beyond the immediate price reaction. ETF filings can reshape how advisers, institutions, and trading desks talk about an asset. SOL is no longer only being pitched as a high-speed chain for DeFi and memecoins. It is now being positioned as the next serious candidate for regulated U.S. fund exposure.
This report is based on the SEC filing for the proposed Solana ETF rule change.
This article was written by the News Desk and edited by Samuel Rae.
Sberbank, Russia’s largest bank, intends to launch a cryptocurrency wallet and a digital depository once the country’s crypto legislation takes effect, a step that would put a state-controlled lender at the center of Russia’s emerging digital asset market.
Kirill Tsarev, First Deputy Chairman of Sberbank’s Management Board, announced the plan to RBC Investments at the Bank of Russia Financial Congress. He said the bank will offer authorized cryptocurrency transactions in the Sber and SberInvestments apps after lawmakers adopt the bill “On Digital Currency and Digital Rights.”
Vladimir Chistyukhin, First Deputy Chairman of the Central Bank, said the law regulating the Russian crypto market is expected to take force on September 1. Tsarev said Sberbank plans to launch a crypto wallet within a few months of that date. The bank aims to build the infrastructure for cryptocurrency trading and to launch a digital depository for storing and accounting for crypto by December 1.
“As regulations emerge, we will prepare a service for our clients. Essentially, it will be a crypto wallet, which we will implement first in Sberbank Online and SberInvestments,” Tsarev said.
He added that firm deadlines will depend on the final text of the law and on the availability of updated Sber apps in online stores. Tsarev did not rule out that Android users will receive the new interface ahead of others.
A proposed amendment to the bill would let Russians trade on foreign exchanges through domestic intermediaries. Tsarev said Sberbank will consider becoming such an intermediary, though the decision will depend on regulatory requirements in Russia and abroad.
Russian banks are embracing crypto Sberbank has signaled its readiness to enter crypto trading as the country moves toward regulation.
The bank is not alone. Moscow Exchange announced a planned launch of cryptocurrency operations by the end of 2026, according to group representative Igor Marich.
VTB and T-Bank Group announced plans to create their own digital depositories for crypto once the law takes effect. Russia is weighing a simplified licensing path for bank-run crypto exchanges.
The framework, developed by the Ministry of Finance and the Bank of Russia, would establish licensed companies to keep records of digital assets, organize crypto trading, conduct digital-to-fiat exchange, and handle cross-border crypto settlements on behalf of clients.
Russians will gain the right to trade crypto on local exchanges after testing and within limits set for non-qualified investors, a move that opens Bitcoin access to retail investors.
Chistyukhin said crypto transactions under the new rules could begin in November 2026. A transition period will run until July 1, 2027, and criminal liability for violations will take effect in mid-2027.
Micah Zimmerman
Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.
BlackRock withdrew 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
According to monitoring by Onchain Lens, BlackRock has just purchased and withdrawn 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
1 seconds ago
Coinbase launches spot trading for Grove (GROVE)
According to official news, Coinbase announced it will list Grove (GROVE) for spot trading starting July 6, 2026. If liquidity requirements are met, the GROVE-USD trading pair will open in supported regions later today.
1 seconds ago
Influenced by news that Strategy sold Bitcoin to pay dividends, STRC rebounded to break above $90.
According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.
1 seconds ago
BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million
According to monitoring by Onchain Lens, BlackRock just purchased and withdrew 7,546 ETH from Coinbase Prime, worth approximately $13.2 million.
1 seconds ago
Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M.
The $DEXE price keeps climbing today. Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M. The highest return has reached 104.57%.
According to monitoring by Onchain Lens, publicly listed Bitcoin mining firm Riot Platforms has deposited 500 BTC, valued at around $30.9 million, with NYDIG Custody, likely for sale.
BlackRock withdrew 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
According to monitoring by Onchain Lens, BlackRock has just purchased and withdrawn 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
1 seconds ago
Coinbase launches spot trading for Grove (GROVE)
According to official news, Coinbase announced it will list Grove (GROVE) for spot trading starting July 6, 2026. If liquidity requirements are met, the GROVE-USD trading pair will open in supported regions later today.
1 seconds ago
Influenced by news that Strategy sold Bitcoin to pay dividends, STRC rebounded to break above $90.
According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.
1 seconds ago
BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million
According to monitoring by Onchain Lens, BlackRock just purchased and withdrew 7,546 ETH from Coinbase Prime, worth approximately $13.2 million.
1 seconds ago
Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M.
The $DEXE price keeps climbing today. Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M. The highest return has reached 104.57%.
According to monitoring by Onchain Lens, publicly listed Bitcoin mining firm Riot Platforms has deposited 500 BTC, valued at around $30.9 million, with NYDIG Custody, likely for sale.
President Donald Trump on Monday said he would not rule out the possibility of adding Bitcoin to the administration’s new Trump Accounts, telling reporters that “something could happen” when asked whether the government-backed savings programme could invest in the crypto asset, according to Reuters.
Trump Accounts are a federally backed savings and investment programme designed to give children an early stake in the US economy.
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The US Treasury has rolled out the nationwide launch of the Trump Accounts app, introducing full account functionality for families participating in the investment programme. Parents can now fund their accounts, monitor balances, review investment performance and manage contributions through the platform.
The app also includes 15 interactive financial education lessons covering key investment concepts, while adding features such as recurring deposits, linked bank accounts and personalised financial guidance. Treasury said the initiative is designed to expand stock ownership among young Americans and promote long-term financial security.
Officials said Trump Accounts are free to open, with contributions permitted from employers, charitable organisations and government programmes in addition to parents.
More than 50 companies have pledged to offer employer contributions, and enrolled families will be able to begin tracking investments from July 6.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
BlackRock withdrew 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
According to monitoring by Onchain Lens, BlackRock has just purchased and withdrawn 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
1 seconds ago
Coinbase launches spot trading for Grove (GROVE)
According to official news, Coinbase announced it will list Grove (GROVE) for spot trading starting July 6, 2026. If liquidity requirements are met, the GROVE-USD trading pair will open in supported regions later today.
1 seconds ago
Influenced by news that Strategy sold Bitcoin to pay dividends, STRC rebounded to break above $90.
According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.
1 seconds ago
BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million
According to monitoring by Onchain Lens, BlackRock just purchased and withdrew 7,546 ETH from Coinbase Prime, worth approximately $13.2 million.
1 seconds ago
Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M.
The $DEXE price keeps climbing today. Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M. The highest return has reached 104.57%.
1 seconds ago
Tom Lee: Rising ETH/BTC exchange rate indicates investors expect improved visibility of crypto use cases.
Chairman Tom Lee of BitMine, the largest Ethereum treasury, stated in a post that despite widespread market skepticism toward ETH, the rise in the ETH/BTC exchange rate shows investors are anticipating an improvement in the visibility of cryptocurrency use cases, which is a positive sign for the market.
Bitcoin has fallen about 54% from its October 2025 peak near 125,000 dollars, significantly less than the 75 to 90% crashes that ended previous cycles. According to a research note from investment bank Bernstein published on Monday, July 6, 2026, this more limited decline reflects a growing market maturity. The bank nevertheless maintains its target of 150,000 dollars for the end of the year, which it calls “ambitious”.
In Brief Bitcoin has dropped 54% since its October 2025 peak at 125,000 dollars, a decline lower than the 75 to 90% pullbacks of previous cycles according to Bernstein. Strategy acquired 175,000 BTC for about 14 billion dollars in 2026, bringing its holdings to 847,363 BTC, and remains a structurally net buyer. Combined net flows of ETFs and treasury companies reach 10 billion dollars in 2026, compared to 60 billion in 2025. Why this correction is different from previous ones Bernstein analysts, led by Gautam Chhugani, highlight that the current pullback has an atypical profile compared to historical bear markets. Previous corrections erased between 75 and 90% of gains at the peak, over periods of 12 to 15 months. This time, the drop caps at 54% and covers only three quarters of the cycle peak, a gap that is not explained by chance.
Flows confirm this less bleak picture than it seems. Combined inflows of treasury companies and ETFs reach 10 billion dollars since January 2026, compared to 60 billion over all of 2025. For investors following bitcoin accumulation by listed companies, Strategy concentrates most of these purchases.
Michael Saylor’s company has acquired about 175,000 BTC for nearly 14 billion dollars since the start of the year, thus bringing its total reserves to 847,363 BTC. Its debt represents only 13% of the value of its bitcoin collateral, and the next principal repayment of about 1 billion dollars is scheduled only for the third quarter of 2028. Bernstein therefore considers any forced sale unlikely, which makes Strategy a structurally net buyer on the market.
As for ETFs, 5.5 billion dollars of outflows on a base of 74 billion represent less than 8% of total assets under management. In an environment where liquidity concentrates on AI-related stocks, Bernstein believes this figure gives an impression of panic greater than the reality of flows.
American bitcoin miners lose ground, regulation progresses The global network hash rate has fallen about 11% since the beginning of the year, due to an accelerated withdrawal of large publicly traded American miners. They are redirecting their infrastructures towards data centers dedicated to AI.
Their share in the total hashing power has lost more than 40 basis points over the last two quarters, while operators from Southeast Asia, Central Asia, and Latin America gained about 100 basis points. Bernstein anticipates that major American miners will completely abandon bitcoin mining in the medium term.
On the regulatory front, several signals converge. The GENIUS stablecoin law is notably continuing its legislative journey. Perpetual futures on crypto are now being deployed in the United States via Kalshi and Coinbase.
Bernstein estimates about a 50% probability of Clarity Act adoption in 2026, based on Polymarket data. Tokenized physical assets have also reached an all-time high of about 52 billion dollars, a sign of the growing depth of institutional crypto markets.
In sum, the duration of the correction remains below the usual 12 to 15 months of previous bear cycles. Bernstein monitors flows to detect “the slightest sign of recovery.” Strategy as a net buyer, accelerating regulation, contained ETF outflows: the conditions for a reversal are taking shape. The market will decide if they are sufficient.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
According to market data from BIT (bit.com), Strategy’s preferred stock STRC has rebounded above $90, trading at $90.125, with a 2.57% intraday gain. Earlier reports noted that Strategy sold 3,588 Bitcoin last week, generating $216 million in proceeds to pay dividends on its digital credit securities. As of July 5, the company’s Bitcoin reserves fell to 843,775 coins, alongside $2.55 billion in U.S. dollar reserves.
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BlackRock withdrew 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
According to monitoring by Onchain Lens, BlackRock has just purchased and withdrawn 7,546 ETH from Coinbase Prime, valued at approximately $13.2 million.
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Coinbase launches spot trading for Grove (GROVE)
According to official news, Coinbase announced it will list Grove (GROVE) for spot trading starting July 6, 2026. If liquidity requirements are met, the GROVE-USD trading pair will open in supported regions later today.
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BlackRock Withdraws 7,546 ETH From Coinbase Prime, Worth Around $13.2 Million
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The $DEXE price keeps climbing today. Four wallets are holding 2x longs on $DEXE on @Aster_DEX, with a combined unrealized profit of ~$1.32M. The highest return has reached 104.57%.
According to monitoring by Onchain Lens, publicly listed Bitcoin mining firm Riot Platforms has deposited 500 BTC, valued at around $30.9 million, with NYDIG Custody, likely for sale.
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Tom Lee: Rising ETH/BTC exchange rate indicates investors expect improved visibility of crypto use cases.
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In brief TeraWulf signed a 20-year lease with Anthropic for a ~401 MW AI data center campus in Hawesville, Kentucky, expected to generate ~$19 billion in revenue. The firm is also selling its 50.1% stake in the Abernathy Joint Venture to a group led by partner Fluidstack, cashing out its ~$450 million investment at a premium. Bitcoin mining stocks are broadly up big early Monday, led by TeraWulf and IREN. Bitcoin miner TeraWulf is placing a major bet on artificial intelligence, striking a 20-year lease with Anthropic that the company says could bring in roughly $19 billion in revenue while shedding part of its stake in a separate Texas data center project.
Shares in TeraWulf (WULF) spiked following the announcement, recently trading at $24.05—a nearly 14% jump on the day.
However, the move appears to have boosted confidence across a slate of Bitcoin mining firms that are increasingly leaning into AI compute, with IREN shares up more than 13%, Hut 8 up 12%, and Cipher Digital rising 11%. Keel Infrastructure (formerly Bitfarms), which rebranded and exited Bitcoin mining entirely to focus on AI, is also up 10% on the day.
Under the deal announced Monday, Anthropic will occupy a purpose-built campus at TeraWulf's Justified Data site in Hawesville, Ky., a facility expected to eventually support about 401 megawatts of computing capacity. The first phase is slated to come online in the second half of 2027, with the site reaching full capacity by early 2028. TeraWulf said the lease is expected to be supported by an investment-grade credit rating.
The Maryland-based company, traditionally known for Bitcoin mining, has been pivoting toward AI infrastructure as demand for computing power used to train large language models has surged. Anthropic, the AI company behind the Claude chatbot, is one of several major players racing to secure long-term power and data center capacity as it scales up its models.
In a separate move, TeraWulf agreed to sell its 50.1% stake in the Abernathy Joint Venture—a Texas data center project developed with partner Fluidstack—to an investor group led by Fluidstack. The transaction monetizes TeraWulf's roughly $450 million investment at a premium to invested capital. Fluidstack will take over leadership of the project going forward.
“When we announced the Justified Data campus acquisition in February, we told investors that we expected to secure a major customer commitment by around the end of the second quarter of 2026,” said TeraWulf Chairman and CEO Paul Prager, in a statement. “The timing of today's announcement reflects the completion of final documentation and customary transaction processes, and we are proud to announce this landmark partnership with Anthropic.”
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Ethereum price outlook strengthened Monday as traders watched Vitalik Buterin’s latest roadmap comments. Buterin said Lean Ethereum will unfold over three to four years. The plan represents a significant post-The Merge protocol rebuild.
Bitcoin price hovered above $63,000 following a recovery last week as ETH was approaching the level of 1,800 resistance. XRP price showed strength after breaking its falling channel.
Ethereum Prepares for Biggest Upgrade Since The Merge, Vitalik Says Vitalik Buterin called Lean Ethereum the next significant step of the network. He contrasted its size with The Merge, which transformed Ethereum a consensus system in 2022. The new roadmap does not consist of an upgrade. Rather it is a sequence of protocol modifications over a number of years.
Buterin indicated that almost all significant protocol components were replacable. The idea is to ensure Ethereum is quicker, more confidential, and resistant to future quantum hazards. Developers also desire the network to enhance without disrupting existing applications. This fact is important as Ethereum is compatible with various wallets, exchanges, DeFi apps, and layer-2 networks.
BREAKING: Ethereum is preparing for its biggest upgrade since The Merge, per Vitalik.
This means Ethereum will rebuild nearly every core part of itself over the next 3 to 4 years, making it faster, more private, and quantum-safe, without breaking any apps built on it. pic.twitter.com/7CYMHHrqkc
— Ash Crypto (@AshCrypto) July 6, 2026
The roadmap followed talks among Ethereum researchers in Berlin in late June. It also builds on the draft strawmap introduced earlier this year. That plan outlines several upgrades through 2029. The roadmap is now considered a guarantee to Ethereum by market watchers.
Analyst Predicts ETH Price Could Rally 10% If Support Holds Crypto analyst said Ethereum price has reclaimed its February 2026 lows after its latest rebound. He said future ETH outlook must hold this level to support another 8% to 10% rally. This is an area that now has to be defended by buyers to maintain short-term momentum.
$ETH has reclaimed the Feb 2026 lows.
Ethereum needs to hold above this level for another 8%-10% rally. pic.twitter.com/gOdC3fO9cJ
— Ted (@TedPillows) July 6, 2026
The chart also indicated resistance at around $1,800 and $1,873, which could determine the next Ethereum action. The potential breakout would redirect the focus towards the $2,000 zone. Nonetheless, the inability to hold the reclaimed low could undermine the bullish formation. Traders can then observe the lower demand region at about $1,555 in the event.
Ethereum Price Analysis The ETH price traded at $1,757 four-hour chart. Ether price fell by 0.80%, and the trading day started around $1,775. The move came after ETH failed to hold above the $1,800 resistance line. The nearest support is the $1,700 line in case the selling pressure persists.
There was also less buying strength indicated by the momentum indicators. The RSI stood at 66. This suggests ETH still holds positive momentum, but buyers have lost some control.
Source: Tradingview The MACD also indicated that following the recent recovery there was a cooling trend. Its histogram became negative and exhibited slower upward movement. To regain a stronger bullish trend, ETH might require a clean break of over $1,800.
Ether ETH derivatives data indicated that there was a mixed trading with a drop of 0.99% volume at $27.23 billion. Nevertheless, open interest increased 0.50% to 24.53 billion, an indication of new positioning in the futures markets.
Source: Coinglass data Options activity looked stronger, with volume jumping 8.94% to $486.14 million. Options open interest also climbed 1.12% to $4.09 billion. The numbers indicate that the exposure of traders did not decrease despite slight pullback in the levels of total volumes.
