Solana’s weekly active users have surged from 16.8 million to 29.7 million, marking a significant increase of 12.9 million users, according to data shared by @SolanaFloor. This rapid growth underscores Solana’s competitive position as a leader in on-chain activity among major blockchain networks, surpassing competitors like Tron, BNB Chain, Bitcoin, and Ethereum. This user expansion is attributed to heightened activity around the memecoin ANSEM and suggests robust user engagement on the Solana network. The increase also coincides with Solana reaching a record 3.77 billion non-vote transactions in June, indicating substantial real-world usage.
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Key Takeaways Solana’s user growth appears consistent with strong network expansion, reflecting a 76.8% increase in active users. The significant rise suggests robust adoption and engagement, potentially influencing market confidence in Solana’s ecosystem. Recent surge in user activity aligns with record transaction volumes, indicating substantial real-world application usage. What to Watch Markets are closely monitoring whether Solana’s price will reach $90 in July, with current pricing suggesting a 51% probability. Factors such as the successful deployment of the Alpenglow upgrade or resumed ETF inflows could support a YES outcome. Conversely, if Solana’s price fails to sustain certain support levels, it may impact market confidence. Key actors like Solana Labs’ CEO Anatoly Yakovenko and crypto analysts will likely influence market sentiment in the coming weeks.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 50.5% — — View market → August 1 2026 1% — — View market → August 1 2026 0.2% — — View market → August 1 2026 3.1% — — View market → August 1 2026 3.6% — — View market → August 1 2026 0.6% — — View market → August 1 2026 23% — — View market → August 1 2026 2.2% — — View market → August 1 2026 13.5% — — View market → August 1 2026 0.5% — — View market →
Defi has come a long way in recent years. What started as a novel experiment for swapping arbitrary tokens has blossomed into an expansive and fully-fledged financial system, enabling creative new primitives that were previously inconceivable.
Today’s yield strategies are infinitely more advanced than the LP pools of yesteryear. The DeFi toolkit has expanded, enabling strategies like lending, RWA looping, delta-neutral positions, funding, staking, and rate trading in the ultimate quest for reliable onchain yield.
But despite the staggering variety of opportunities available in DeFi, the complexity of these strategies makes them largely inaccessible to the uninitiated. The average DeFi user doesn’t want intimidating UIs and complicated paradigms, they want one-click, single asset deposits and predictable yields.
Exponent’s new vault architecture might have the answer. Off the back of a recent $5M raise, Exponent is leaning heavily into professionally-managed strategy vaults in its V2, bringing its users the best DeFi has to offer in the most digestible way possible.
Exponent V2 Unlocks Broader DeFi Strategies Exponent vaults aim to deliver Solana DeFi’s most sophisticated yield strategies from across the ecosystem and package them into a simple, accessible product.
Where previously, the average DeFi player would need to actively monitor positions, manage risk, and familiarize themselves with complex strategies, Exponent’s V2 enables professional asset managers to do the heavy lifting for depositors, passing the yield back to them in a singular asset.
Exponent vaults actively manage capital across the Solana DeFi economy based on a defined strategy. Curators are responsible for ensuring vaults generate optimized yield, handling strategy selection and managing capital deployment and rebalancing to capture the market’s best opportunities.
Enabling complex strategies like fixed-rate looping, rate exchange market-making and cross-protocol delta-neutral positioning, Exponent’s architecture boasts a broader range of yield tools than what the market is accustomed to.
Beyond the best of Solana DeFi into simplified vaults, Exponent V2 offers depositors an elevated level of transparency. Powered by Squads Smart Accounts, depositors can actively track vault activity, monitoring where their capital is being allocated and which strategies are being employed.
Setting a New Standard for DeFi Security With DeFi security coming under greater scrutiny than ever in the wake of several high-profile exploits, Exponent’s strategy vaults have hard-coded several guardrails to safeguard depositor funds.
Built on Squads Smart Accounts, every strategy vault is bound to certain pre-defined policies. These policies govern:
Which assets the vault is able to hold
Which DeFi protocols the vault interacts with
Which contracts and actions the vault can access within permitted apps
How capital can be deployed across Solana DeFi
Additionally, curators are programmatically forbidden from accessing or withdrawing depositor’s funds, protecting against social engineering attacks and key compromization. Meanwhile, onchain AUM tracking gives depositors complete, 24/7 vision on where every cent in a vault is allocated.
A vault’s entire portfolio is accounted for at all times, including the assurance that the vault always holds enough reserve liquidity to meet redemptions. Circuit breakers are deployed across all vaults, limiting the volatility a vault can face in a defined time period and protecting depositors against share price manipulation.
As an added security measure, any changes to the parameters of any individual vault are subject to a governance procedure. Outstanding proposals are bound by a timelock and voting period, giving depositors the chance to reject any strategy changes they are not comfortable with and allowing them to withdraw funds before they come into effect.
Additionally, Exponent has undergone several rigorous smart contracts audits by the industry’s leading blockchain security firms, including Certora, OtterSec, Offside Labs, and Sec3.
Exponent TVL Climbs 54% in 30 Days With Exponent V2 reinventing what simplified onchain yield generation looks like, Solana DeFi participants are steadily funneling capital into the protocol’s professionally-managed strategy vaults.
According to DefiLlama data, Exponent TVL has climbed 54% in the past month, rising from $60M to just over $90M. Exponent has also recently introduced risk-tranching to the protocol, splits a yield asset into senior and junior tranches, letting senior users give up part of the yield for principal protection while junior users take first-loss risk for higher returns.
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Bitcoin’s [BTC] current cycle shows long‑term holders absorbing losses instead of capitulating. However, with emerging historical bear market patterns, a final washout to $50K by Q3 remains possible before a durable bottom forms.
Beyond Bitcoin’s looming price bottom, other major crypto headlines include Solana’s [SOL] surge in tokenized volume, Michael Saylor’s latest Bitcoin remarks, and continued outflows from BTC ETFs.
Here’s a full breakdown of the top updates that shaped the market in the past 48 hours.
Solana’s tokenized asset spot volume jumped For Solana, the total value of spot trading involving tokenized real-world assets (RWAs) on the Solana blockchain more than doubled over a three-month period.
The jump from $5.7 billion in Q2 indicates that investor activity and liquidity in Solana’s tokenized asset ecosystem increased significantly.
Source: Solana/X This surge suggests that more users, institutions, and decentralized finance (DeFi) applications are actively using Solana to trade tokenized real-world assets. In fact, the monthly price action of Solana was also positive, changing hands at $80.72 at press time, after a hike of roughly 30%.
Strategy’s Saylor makes a fresh tease amidst criticism Meanwhile, Michael Saylor has once again taken to X with his latest tease, where he noted,
Source: Michael Saylor/X This announcement is widely being interpreted by the crypto community as another teaser that Strategy may soon announce a fresh Bitcoin purchase. This speculation stems from Saylor’s history of sharing cryptic Bitcoin-themed messages shortly before the company reveals new acquisitions.
Several market participants echoed this sentiment, with comments such as “back to buying” suggesting that Strategy has likely resumed accumulating Bitcoin. While others speculated that the company could be using proceeds from its preferred stock offerings to expand its reserves. Some, however, questioned whether Strategy had recently raised enough capital to fund another significant purchase.
As of now, the company holds 847,363 BTC, worth approximately $53.2 billion at current prices, accumulated through 113 separate purchases, making it the world’s largest corporate Bitcoin holder. Meanwhile, investor optimism around another potential acquisition helped lift MSTR stock, which was trading at $100.77, a 7.9% gain.
Bitcoin ETF bleeds again However, the continued outflows from spot Bitcoin ETFs indicate that investors have been withdrawing more money from these funds than they have been investing.
Source: SoSo Value Since the 15th of May, spot Bitcoin ETFs have largely remained on an outflow streak, with weekly withdrawals peaking at $1.72 billion. Most recently, from the 29th of June to the 2nd of July, the funds recorded another $527 million in net outflows, extending the streak to eight consecutive weeks.
Spot Ethereum ETFs followed a similar trend, posting $13.67 million in net outflows over the same period. In contrast, spot ETFs tied to SOL, XRP, and HYPE continued to attract fresh capital, recording net inflows of $5.75 million, $17.19 million, and $4.32 million, respectively.
Final Summary Michael Saylor’s Strategy has made another Bitcoin tease, but the Bitcoin ETF outflow streak is raising concerns. The spot volume of tokenized assets on Solana jumped to $5.7 billion in Q2, further supported by a 30% monthly hike in its price action.
Crypto ETF flow reporting paused on Friday, July 3, because U.S. equity markets were closed for the Independence Day holiday, leaving Thursday’s session as the latest available fund-flow snapshot for U.S.-listed Bitcoin, Ether and Solana exchange-traded products.
The New York Stock Exchange and Nasdaq were closed on July 3, 2026, because Independence Day fell on Saturday and was observed by U.S. markets on Friday. As a result, U.S.-listed spot crypto ETFs did not trade and did not generate a normal daily creation-and-redemption flow print for the date. Crypto spot markets remained open through the holiday, but ETF flow data was effectively paused until trading resumed on Monday, July 6.
The last available session before the holiday showed a broad recovery in crypto ETF demand. According to Farside Investors, U.S. spot Bitcoin ETFs recorded $223.5 million of net inflows on July 2, reversing two consecutive outflow sessions earlier in the week. Ether ETFs added $29.0 million, while Solana ETFs brought in $2.2 million.
Bitcoin Funds Rebound Before Holiday Bitcoin ETFs produced the strongest move in the latest available session. The $223.5 million inflow on July 2 followed $296.0 million of outflows on July 1 and $222.6 million of outflows on June 30. That three-session sequence showed how quickly institutional flows can shift around macro data, liquidity conditions and short-term price positioning.
At the fund level, Fidelity’s FBTC led the July 2 Bitcoin ETF flows with $166.0 million of inflows. Ark and 21Shares’ ARKB added $91.8 million, while WisdomTree’s BTCW brought in $4.4 million and VanEck’s HODL added $1.7 million. BlackRock’s IBIT recorded $40.4 million of outflows, while several other products, including Bitwise’s BITB, Grayscale’s GBTC and Grayscale’s BTC, were flat.
The split was notable because Bitcoin demand returned even as flows were concentrated in a small number of products. Fidelity and Ark absorbed most of the day’s capital, while BlackRock saw a modest redemption. That suggests investors were not making a uniform allocation decision across the category, but rotating between issuers, cost structures and liquidity preferences.
Ether and Solana Stay Positive Ether ETFs also remained positive, with Farside showing $29.0 million of net inflows on July 2. BlackRock’s ETHA accounted for most of the activity with $29.7 million of inflows. Fidelity’s FETH added $0.8 million and VanEck’s ETHV added $1.2 million, while Grayscale’s ETHE posted $2.7 million of outflows. The remaining Ether funds were flat.
Solana ETFs posted a smaller but still positive session, with $2.2 million of net inflows on July 2. The entire gain came from Bitwise’s BSOL, while other listed Solana products showed no flow for the day.
The holiday timing makes the data easy to misread. There were no Friday ETF flows because there was no U.S. market session. The relevant signal is therefore the July 2 pre-holiday setup: Bitcoin ETFs recovered from heavy outflows, Ether demand remained constructive and Solana products continued to attract incremental capital.
The next important print will show whether that demand carried into the post-holiday trading week or mainly reflected short-term rebalancing before the long weekend.
Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, is being closely followed for his statements.
In his latest statement, CZ addressed the allegations that he invested in memecoins on BSC.
In a post from his X account, CZ stated that he has not invested in the memecoins ‘TCC’, ‘CZ’, and ‘AB’, which have recently seen a surge in popularity on the BSC chain, and that he does not have sufficient information about these coins.
CZ also stated that he does not own these tokens and only communicates with users who actively participate in the community.
“I don’t own or know any of these coins. I interact with positive people in our communities.”
“May the best breasts win!”
This announcement comes after the Solana-based memecoin ANSEM gained attention on social media, and also indicates that CZ is maintaining a wait-and-see approach to the market and distancing himself from the community-focused memecoin race.
However, this statement disappointed some in the community who were expecting support from high-profile figures like CZ for BNB Chain projects.
Following CZ’s post, the prices of TCC, CZ, and AB fell. According to Foresight News, based on GMGN market data, the BSC-based memecoins TCC, CZ, and AB have dropped by 53%, 61%, and 47% respectively from their peaks yesterday.
*This is not investment advice.
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Summer.fi has reportedly been exploited, with roughly $6 million drained so far. Blockaid flagged the exploit in a post on X on Monday.
The security firm published the attacker’s address, the exploit contract, and the affected Lazy Summer contracts.
DeFi Protocol Summer.fi Reportedly Loses $6 Million in Active ExploitBlockaid said its detection system surfaced the incident on Monday morning, estimating about $6 million in losses at that stage. The firm highlighted the on-chain addresses associated with the attack.
Exploiter address: 0x7BF716167B48CF527725722C6d79494b45B3BDCa Exploit contract: 0x0514F827C129C16418a0933E03C99A6AF982FC61 Affected Summer.fi / Lazy Summer contracts: 0x98C49e13bf99D7CAd8069faa2A370933EC9EcF17 0xA9ca4909700505585B1aD2a1579dA3b670FFA9c4 0xE9cDA459bED6dcfb8AC61CD8cE08E2D52370cB06 Security firm PeckShield identified the main affected vault as LazyVault_LowerRisk_USDC (LVUSDC), which Block Analitica risk-manages. The firm said that the vault’s displayed APY briefly spiked to about 2.08 million %.
“The largest current holder is 0x8741e8f…4130, which appears to be associated with Torben Jorgensen (UDHC), and has deposited ~8.6M USDC into this vault,” the post read.
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Summer.fi, formerly Oasis.app, is the front-end for the Lazy Summer Protocol, an onchain vault system that automatically routes deposits across DeFi yield sources like Aave and Morpho.
The network’s native token SUMR traded near $0.00193, down 5.3% over 24 hours. The move diverged from the broader market, which rose more than 1% on the day.
SUMR Token Price Performance. Source: CoinGeckoThe incident marked the second crypto exploit recorded in July, according to DeFiLlama. It follows a series of attacks in June, when crypto platforms lost $75.87 million across 40 hacks, with the Humanity Protocol breach accounting for the largest loss.
BeInCrypto has reached out to Summer.fi for comment. This is a developing story.
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Microsoft will lay off 6,400 employees, with half of the cuts stemming from a restructuring of its Xbox gaming division.
According to market sources, Microsoft (MSFT.O) will lay off 6,400 employees, with half of the cuts coming from a restructuring of its Xbox gaming division. The layoffs represent roughly 2.8% of the company’s total workforce. Microsoft will sell five studios, including Compulsion and DoubleFine.
5 minutes ago
Trump once again urges buying Dell: "Go get a Dell computer"
US President Donald Trump publicly urged people to "buy a Dell computer", once again endorsing Dell. When asked about Dell’s prior donation to the "Trump Account", Trump said, "We will find a way to get that money back." Separately, Trump specifically mentioned Micron Technology, saying "Thank you Micron". Earlier, Micron had invested $250 million in the Trump Account.
5 minutes ago
Elon Musk has not yet commented, but SpaceX’s president first donated 2 million shares, marking the largest corporate contribution to the "Trump account".
SpaceX President Gwynne Shotwell announced Monday that she and her husband will donate 2 million SpaceX shares to the "Trump Account" program, with one share each going to more than 2 million U.S. children. At the current share price of roughly $160, the total value of the donation is approximately $320 million. The announcement comes just days after Trump publicly predicted SpaceX would participate in the initiative. Shotwell noted the donation targets children aged 11 to 17 in lower-income areas, with a focus on recipients near her home in central Texas. Earlier, Michael Dell and his wife pledged a $6.25 billion donation, Micron Technology committed $250 million, and firms including BlackRock, Intel and JPMorgan Chase said they will match donations at a $1,000 per-person standard. Trump told CNBC in a prior interview that he expected Elon Musk would also donate SpaceX shares, stating "I think he will do that," though Musk has not publicly responded to date. Trump also added that his relationship with Musk remains strong, describing their past disagreements as "a little friction."
5 minutes ago
Tim Draper: When investing in SpaceX, two of the company's rocket launches failed, and the real excess returns come from embracing uncertainty.
Renowned venture capitalist Tim Draper stated that his investment philosophy has always been to bet on innovative projects that have not yet reached a market consensus. He recalled that his venture capital firm Draper Associates was one of SpaceX’s earliest external investors. After the investment, SpaceX’s first two rocket launches ended in failure, but with the success of its third launch, the company ultimately attracted a large number of clients by offering launch costs far lower than NASA’s, growing into a firm valued at over $2 trillion. When discussing AI, Draper said that although xAI lags behind rivals like OpenAI and Anthropic in market share and enterprise adoption rates, he remains more optimistic about xAI, believing it focuses more on providing accurate information rather than catering to users. He predicts that the AI industry will undergo a shakeout similar to that after the dot-com bubble, and the true industry giants may emerge after the next round of adjustments. Draper believes innovation requires a free entrepreneurial environment, noting that the U.S. and Singapore remain the most attractive startup destinations currently.
5 minutes ago
US stocks open with all three major indices rising broadly, Western Digital gains more than 5%.
US stock market opens: Dow Jones rises 0.11%, S&P 500 gains 0.32%, Nasdaq climbs 0.78%. Chip stocks rally across the board: SanDisk (SNDK.O) jumps 4%, Western Digital (WDC.O) surges over 5%. Broadcom (AVGO.O) advances 3.5% as its partnership agreement with Apple is extended to 2031.
5 minutes ago
Cantor: Restoring STRC to its face value is Strategy’s top priority, and it will restart its Bitcoin purchase engine.
Wall Street investment bank Cantor Fitzgerald, after meeting with Strategy’s Executive Chairman Michael Saylor, stated that restoring preferred stock STRC to its $100 par value is the company’s top priority and key to restarting its bitcoin purchase engine and improving its capital structure. Cantor believes Strategy will continue to build cash reserves for STRC dividends to drive the stock’s price back to par, and may take measures such as share repurchases if necessary. A recovery in STRC is expected to benefit the company’s common stock (MSTR), paving the way for subsequent stock offerings to raise funds and continue increasing its bitcoin holdings. Earlier, Strategy announced it had sold approximately $216 million worth of bitcoin to fund STRC dividend payments. Meanwhile, JPMorgan Chase warned last week that the practice of selling bitcoin to pay preferred stock dividends could increase the company’s risk exposure and market volatility.
Le Recalls Journey As An ImmigrantCelebrating the U.S. 250th Independence Day, Le shared his story as a Vietnamese refugee who escaped in 1978 and succeeded in America through “education and hard work.” He credited the U.S. values of democracy, liberty, capitalism and entrepreneurship for aiding his success.
Le then steered the conversation toward Bitcoin, dubbing it the “United States of money.” He said that Bitcoin aspires to create a system governed by “transparent rules,” much like the American Constitution.
Why Bitcoin Is ‘Hope’He added that Bitcoin is “hope” for those “who have worked hard for their money and want to protect it from monetary inflation.”
“It provides hope for those born in countries without reliable rule of law or economic freedoms,” the Strategy executive stated.
Drawing from his personal journey from Vietnam to America, Le equated the principles that shaped his life —clear rules, individual sovereignty, property rights, resilience, open competition, and long-term conviction—to the principles that he believes Bitcoin embodies.
“America gave my family freedom through a country. Bitcoin offers individuals monetary freedom through a network,” he said. “That is why Bitcoin is freedom.”
Is The Hope Diminshing?Le leads Strategy, the world’s most prolific buyer of Bitcoin, with a stash worth $53 billion as of this writing.
However, concerns about the firm’s financial strength have risen after it disclosed Bitcoin sales last month, undermining the “never sell” thesis that bullish investors had counted on. Since the disclosure, the MSTR stock has plunged 37%.
Le reiterated his belief in Bitcoin as a hedge against inflation and "big government," adding that Strategy would continue to be the biggest buyer of the asset, while continuing to sell BTC whenever "it makes sense" for the shareholders.
Price Action: At the time of writing, BTC was exchanging hands at $63,009.21, up 0.58% over the last 24 hours, according to data from Benzinga Pro.
Strategy shares closed 7.90% higher at $100.37 on Thursday. Benzinga’s Edge Stock Rankings indicate that MSTR has underperformed with a weaker price trend across short-, medium-, and long-term timeframes.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-07-06 12:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Moonriver (MOVR) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 16,960,935, or approximately at 2026-07-06 13:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-07-06
Viewpoint: Wash Should Publicly Resist Trump’s Pressure on the Federal Reserve to Safeguard Central Bank Independence
Bloomberg columnist Jonathan Levin published an article stating that US President Donald Trump and his allies are pushing personnel changes to influence Federal Reserve decisions, including attempts to remove Federal Reserve Governor Lisa Cook and interfere in the selection of the president of the Federal Reserve Bank of Atlanta, in a bid to expand the influence of White House supporters on the Federal Open Market Committee (FOMC). Levin argues that Kevin Warsh, a leading contender for the next Federal Reserve chair, should publicly oppose the White House’s interference, back Jerome Powell and Cook to serve out their terms, and demand the White House withdraw from the selection process for regional Fed bank presidents. Failure to do so would erode Warsh’s credibility and internal influence within the Fed should he lead the central bank in the future. Fed independence is key to maintaining stable inflation expectations and upholding monetary policy credibility, and ongoing political interference could harm US macroeconomic stability.
2 minutes ago
Is an oil price war breaking out? Saudi Aramco cuts its August crude oil prices for Asia, marking the largest such reduction in at least 26 years.
Saudi Aramco has cut the official selling price (OSP) of its flagship Arab Light crude oil for August shipments to Asia by $11 per barrel, to a discount of $1.50 per barrel against the regional benchmark. The cut, the largest in at least 26 years and exceeding market consensus, underscores its intention to compete for market share in Asia. The steep price cut comes as the Strait of Hormuz resumes navigation and crude oil supplies from the Middle East rebound. Meanwhile, OPEC+ announced it will continue increasing production in August, stoking market concerns over a global crude oil supply glut. Institutions including JPMorgan Chase and Goldman Sachs have recently warned that with supply continuing to recover and demand growth remaining weak, the global crude oil market may face a renewed supply glut next year. Citigroup, meanwhile, forecasts that Brent crude oil prices could fall back to $60 per barrel by the end of the year.
2 minutes ago
US semiconductor equipment sector rallies sharply pre-market, KLAC rises 5.41%
According to Bit.com market data, the US semiconductor equipment sector rallied sharply in pre-market trading, with individual stocks rising as follows: Applied Materials (AMAT) up 5.05%; Onto Innovation (ONTO) up 4.15%; Lam Research (LRCX) up 5.03%; KLA Corporation (KLAC) up 5.41%; Teradyne (TER) up 4.85%; Entegris (ENTG) up 3.78%.
2 minutes ago
BitMine added 42,197 ETH to its holdings last week, lifting its total ETH position to 5,742,237.
BitMine added 42,197 Ether to its holdings last week. As of June 28, 2026, its total Ethereum holdings reached 5,742,237 tokens, accounting for roughly 4.8% of Ethereum’s total supply. Currently, BitMine’s total assets—including cryptocurrencies, cash, and other investment holdings—are valued at approximately $11.1 billion, comprising $527 million in cash and securities, 206 Bitcoin, $180 million in equity stakes in Beast Industries, and a $71 million investment in Eightco Holdings (ORBS). As of July 5, BitMine has staked 4,879,157 Ether, equal to 85% of its total Ethereum holdings, worth around $8.8 billion, with a current annualized staking yield of approximately $235 million.
2 minutes ago
Strive added 17.76 Bitcoin to its holdings last week, bringing its total Bitcoin holdings increase in Q2 to 6,236.
According to Strive's official announcement, the company purchased 17.76 Bitcoin last week, bringing its total BTC holdings to 19,882 coins. More notably, Strive added a total of 6,236 Bitcoin in Q2 2026, achieving a 24.0% BTC yield, generating a BTC Gain of 3,264 Bitcoin, with an amplification ratio of 67.2% at quarter-end.
2 minutes ago
Goldman Sachs has collectively raised the target prices of multiple chip and storage-related concept stocks.
Goldman Sachs has aggressively lifted target prices for multiple stocks in the semiconductor and storage sectors: it raised AMD’s target price from $450 to $640 while reaffirming its "Buy" rating; Qualcomm’s target price was hiked from $145 to $180; Western Digital’s target price saw a sharp jump from $400 to $650; and SanDisk’s target price was increased from $1,200 to $2,200.
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.
Smart money address 0x15a, dormant for months, has re-entered the market, opening a 40x long position worth $12.6 million in Bitcoin.
According to monitoring by OnchainLens, the smart money address 0x15a, which has been dormant for several months, deposited $1 million USDC into Hyperliquid and opened a 40x leveraged long position of 200 BTC, with the position valued at roughly $12.58 million. The address’s last on-chain activity occurred in March this year, and its historical cumulative profit from perpetual contracts stands at approximately $2.28 million.
7 minutes ago
The US stock market's storage sector saw broad pre-market gains, with SanDisk rising 4.81%.
According to market data from BIT (bit.com), the US stock storage sector saw broad pre-market gains, with: Seagate Technology (STX) up 3.26%; Western Digital (WDC) up 4.15%; SanDisk (SNDK) up 4.81%; Micron Technology (MU) up 3.02%.
7 minutes ago
Bank of America: Semiconductors' strong performance drove growth funds to outperform the broader market, and active funds delivered strong results in June.
Bank of America released data showing that in June, 53% of large-cap active equity funds outperformed their benchmark indices. Mid-cap and small-cap active funds performed even more strongly, with 71% and 91% respectively beating their benchmarks. BofA noted that in the first half of 2026, growth-style funds overall outperformed value-style funds, boosted by the strong rally in semiconductor stocks, while value-style funds lagged relatively due to their lower allocation to semiconductor shares.
7 minutes ago
SK Hynix officially kicks off the roadshow process for its US stock market listing.
SK Hynix officially kicked off its roadshow for its US stock listing this Monday, aiming to capitalize on sustained investor enthusiasm for the memory chip sector to advance its US listing. According to regulatory filings, SK Hynix plans to offer American Depositary Receipts (ADRs) representing approximately 17.79 million common shares. Based on last Friday’s closing price in the South Korean market, the offering is valued at around $28 billion. As a leading supplier of High Bandwidth Memory (HBM) chips, SK Hynix’s US listing will open up an efficient financing channel for the company. Per previously disclosed regulatory documents, SK Hynix expects its ADRs to start trading on July 10 (this Friday). Based on the current proposed offering size, this ADR issuance will rank among the top three largest IPOs in history (the exact amount depends on exchange rates), and is expected to rival Saudi Aramco’s $29.4 billion IPO in 2019.
7 minutes ago
Tokenized fund USTB saw its deposit volume into Aave rise by around 300% quarter-on-quarter in Q2.
According to data from Token Terminal, the amount of Invesco’s tokenized U.S. Treasury fund USTB deposited on Aave rose roughly 300% quarter-over-quarter. Managed by Invesco and issued based on Superstate’s FundOS transfer agent and tokenization infrastructure, USTB demonstrates the ongoing deepening integration between real-world assets (RWA) and DeFi protocols.
A Lazy Summer Protocol vault connected to Summer.fi suffered an estimated $6 million loss after exposure to a failed DeFi lending market on Arbitrum, renewing scrutiny of automated yield products and the risks embedded in multi-protocol strategies.
The affected product was the Lazy Summer Arbitrum USDC Vault, which had allocated funds into Silo Finance’s Swaap Lend susdx 127 USDC market. According to Summer.fi’s post-mortem, the loss was not caused by a direct exploit of Summer.fi’s user interface or Lazy Summer’s vault contracts. Instead, it resulted from a chain of external failures that began with the Nov. 3 Balancer V2 Composable Stable Pool exploit and later spread through connected DeFi markets.
Balancer estimated the original exploit at roughly $94.8 million. The attack affected several liquidity pools and contributed to stress in Stables Labs’ USDX asset, which began losing its peg on Nov. 6. The problem then reached Silo’s susdx/USDC lending market, where the affected Lazy Summer vault had deployed capital.
Contagion Through the Yield Stack The core issue was a mismatch between the real economic value of the impaired Silo position and the value being reported on-chain. Summer.fi said Silo’s market continued to report values that did not properly reflect the deterioration in USDX-linked collateral. As a result, the Lazy Summer vault continued treating its position as more valuable than it actually was.
That pricing failure created a withdrawal imbalance. Users who exited the vault before the loss was fully reflected could withdraw against inflated valuations, leaving remaining depositors exposed to the eventual shortfall. The vault’s ordinary accounting mechanisms did not immediately distribute the loss because the underlying Silo market had not properly recognized it.
Summer.fi said deposits into the affected Arbitrum vault were blocked on Nov. 6, with notices posted on the vault interface, Discord and X. A snapshot of affected users was also completed the same day. The team later began work on recovery-monitoring contracts designed to automatically withdraw any available liquidity from Silo if funds become accessible.
Governance Response and Market Impact The Lazy Summer DAO has moved to offboard the affected Silo market from its strategy set. On Nov. 13, the DAO published SIP2.39 to remove the Silo susdx/USDC market, and the proposal passed on Nov. 21. The DAO is also evaluating emergency controls, a rebuilt Arbitrum strategy set without USDX exposure, stronger risk disclosures, possible compensation and an insurance fund.
The incident is significant because it highlights a risk that is harder for ordinary users to assess: vaults can suffer losses even when their own smart contracts work as intended. Automated yield products depend on external lending venues, collateral assets, liquidity pools and oracle feeds. A failure in any part of that stack can impair depositors.
For DeFi investors, the Summer.fi-linked loss is a warning against treating curated vaults as simple yield products without protocol-level risk. For risk managers, it raises questions about oracle assumptions, depeg monitoring, emergency withdrawal controls and whether vaults should continue accepting withdrawals when an underlying market’s reported value becomes unreliable.
The $6 million loss is small compared with the largest DeFi exploits, but its market relevance is broader. It shows that DeFi contagion can move quietly through yield infrastructure, reaching users who may never have interacted directly with the compromised protocol. As vault products target more passive users and institutional allocators, transparency around hidden strategy exposure is likely to become a more important competitive and regulatory issue.
Bank of America: Semiconductors' strong performance drove growth funds to outperform the broader market, and active funds delivered strong results in June.
Bank of America released data showing that in June, 53% of large-cap active equity funds outperformed their benchmark indices. Mid-cap and small-cap active funds performed even more strongly, with 71% and 91% respectively beating their benchmarks. BofA noted that in the first half of 2026, growth-style funds overall outperformed value-style funds, boosted by the strong rally in semiconductor stocks, while value-style funds lagged relatively due to their lower allocation to semiconductor shares.
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SK Hynix officially kicks off the roadshow process for its US stock market listing.
SK Hynix officially kicked off its roadshow for its US stock listing this Monday, aiming to capitalize on sustained investor enthusiasm for the memory chip sector to advance its US listing. According to regulatory filings, SK Hynix plans to offer American Depositary Receipts (ADRs) representing approximately 17.79 million common shares. Based on last Friday’s closing price in the South Korean market, the offering is valued at around $28 billion. As a leading supplier of High Bandwidth Memory (HBM) chips, SK Hynix’s US listing will open up an efficient financing channel for the company. Per previously disclosed regulatory documents, SK Hynix expects its ADRs to start trading on July 10 (this Friday). Based on the current proposed offering size, this ADR issuance will rank among the top three largest IPOs in history (the exact amount depends on exchange rates), and is expected to rival Saudi Aramco’s $29.4 billion IPO in 2019.
2 minutes ago
Tokenized fund USTB saw its deposit volume into Aave rise by around 300% quarter-on-quarter in Q2.
According to data from Token Terminal, the amount of Invesco’s tokenized U.S. Treasury fund USTB deposited on Aave rose roughly 300% quarter-over-quarter. Managed by Invesco and issued based on Superstate’s FundOS transfer agent and tokenization infrastructure, USTB demonstrates the ongoing deepening integration between real-world assets (RWA) and DeFi protocols.
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Morgan Stanley and UBS Diverge on AI Investment Themes: The Former Is Bullish on Cloud Service Provider Rotation, While the Latter Bets on AI Infrastructure Revaluation
As internal rotation within the U.S. stock AI sector intensifies, Morgan Stanley and UBS have offered divergent views on the next phase of AI investment trends. Morgan Stanley believes capital is shifting from the previously sharply rallying semiconductor sector to large-scale cloud service providers such as Microsoft, Amazon, and Meta. The AI rally is not over; instead, it has entered a sector rotation phase. UBS, by contrast, is more optimistic about the long-term value creation capacity of AI infrastructure. Its Holt team projects that the profitability of memory chip firms including Samsung Electronics, SK Hynix, and Micron will continue to improve. The economic profit of the AI infrastructure sector is expected to surge from around $200 billion in 2023 to $1.4 trillion in 2027, a roughly 600% increase, while the economic profit of large cloud service providers is forecast to reach only around $400 billion over the same period. UBS contends that the memory chip industry is transitioning from a traditional cyclical sector to one of the most important value creators in the AI industrial chain.
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BlackRock's address has cumulatively transferred over 22,600 BTC to Coinbase over the past six days.
According to monitoring by Onchain Lens, a BlackRock address recently transferred 2,265.685 BTC to Coinbase, valued at approximately $142.45 million. Over the past six days, BlackRock has cumulatively transferred 22,624.685 BTC to Coinbase, with a total value of around $1.42 billion.
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ZachXBT: Never issued or promoted any meme coins; all proceeds from related tokens, totaling approximately $41,000, have been fully donated to charity.
On-chain detective ZachXBT has posted that over the past week, multiple unauthorized individuals have launched meme coins using his likeness across multiple public blockchains to capitalize on market hype. He stressed that he has never promoted or issued any meme coins, and has publicly stated he will not support or launch such projects. ZachXBT said all related tokens sent to his donation wallet have been sold on the market, and the roughly $41,000 in proceeds has been fully donated via The Giving Block to GiveDirectly and Direct Relief to support Venezuela earthquake relief efforts. The donations include 25,000 USDT to GiveDirectly and 5,000 USDT to Direct Relief on July 6, plus an earlier contribution of 153 SOL (worth approximately $11,000).
PANews July 6 news, according to an official announcement, the on-chain burn of GateToken (GT) for the second quarter of 2026 has been officially completed, with a total of 2,570,063.3829548 GT transferred to the burn address, valued at over 17.75 million USD. Since the Gate Chain mainnet launched in 2019, GT has been subject to a continuous burn mechanism. To date, a cumulative total of 189,947,219 GT has been burned, with a cumulative burn value exceeding 1.311 billion USD (based on quarterly average price). The total token supply has been significantly reduced by approximately 63.32% from the initial 300 million.
As the sole gas token of Gate Layer, GT’s usage frequency is steadily increasing. As the underlying infrastructure, Gate Layer provides high-performance network support for applications such as Gate Perp DEX, Gate Fun, Gate Meme Go, and Gate Swap. Additionally, Gate is continuously enriching its product ecosystem. Gate Stocks has established a 7×24-hour trading service system covering the three core markets of US stocks, Hong Kong stocks, and South Korean stocks, encompassing more than 12,500 stocks and ETF assets globally. It supports fractional share trading with a minimum investment of 0.01 share and offers dividend entitlements. The platform also supports cross-broker transfers for US and Hong Kong stocks, as well as corporate actions such as stock splits and reverse splits, further optimizing the stock investment service experience. Gate will continue to implement a long-term, stable GT burn mechanism, forging a tighter positive cycle between the token economic model, real usage demand, and ecosystem expansion.
Binance Co-Founder Yi He has been named the most innovative Web3 founder for her contributions in web3 space by CoinGape Web3 Innovation Awards 2026.
The winners of the CoinGape Web3 Innovation Awards 2026 were picked by an independent judging panel, which includes Polygon Labs, Beldex, Liminal, Visa, INPUT, Luna PR, and SharpLink. The awards celebrate founders, companies, products and technologies that define the future of Web3.
Yi He Receives Most Innovative Web3 Founder Award Yi He was chosen as the Co-CEO of Binance by CEO Richcard Teng in December 2025, due to her expertise in building Binance and her impact on the overall blockchain industry.
In 2014, she found Changpeng Zhao and they went on to launch Binance in 2017, which is one of the biggest cryptocurrency exchanges in the world.
Yi He has been an advocate of a user-first approach throughout Binance’s development. She believes that, new hires, no matter their role, must spend time on customer support, so that teams are aware of their needs before being assigned more duties.
Her leadership has additionally been instrumental in Binance’s growth. The company returned to the Philippines earlier this month when regulators granted the company permission to start testing under the Philippine Strategic Regulatory Sandbox.
Binance has recently achieved $1 billion in assets under management for its Stocks offering, highlighting the increasing demand for global equities on the platform.
Supporting Innovation Beyond Binance Yi He keeps on helping to promote innovation beyond Binance.
In addition to the exchange, Yi He is also the CEO of YZi Labs, the investment firm that replaced Binance Labs after the firm re-branded in January 2025.
YZi Labs has over $10 billion in assets and over 300 companies in its portfolio, according to company data. The company supports the growth of new technologies through financial and technical support.
Yi He was on the list of the top 100 most powerful women earlier this year, and is the first crypto-native executive to be included.
This new award by the CoinGape further solidifies her status as one of most influential web3 founders.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
The crypto market will welcome tokens worth more than $776.3 million in the second week of July 2026. Major projects, including Pump.fun (PUMP), Aptos (APT), and RedStone (RED) will release significant new token supplies.
These unlocks could introduce market volatility and influence short-term price movements. So, here’s a breakdown of what to watch.
1. Pump.fun (PUMP) Unlock Date: July 12 Number of Tokens to be Unlocked: 82.5 billion PUMP Released Supply: 430 billion PUMP Total Supply: 1 trillion PUMP Pump.fun is a Solana-based platform that lets anyone create and trade meme coins instantly for a fee. It uses a fair-launch model with bonding curves that price tokens by demand, removing pre-mines and early allocations.
The protocol will unlock 82.5 billion PUMP tokens into the market on July 12. Moreover, the supply is worth approximately $134.65 million. It represents 29.23% of the released supply.
PUMP Crypto Token Unlock in July. Source: TokenomistThe team will receive 50 billion tokens. Meanwhile, existing investors will get 32.5 billion PUMP.
2. Aptos (APT) Unlock Date: July 12 Number of Tokens to be Unlocked: 11.31 million APT Released Supply: 1.71 billion APT Total supply: 2.56 billion APT (Y2035) Aptos is a Layer-1 blockchain platform designed for scalability, security, and efficiency in decentralized applications (dApps) and Web3 ecosystems. It utilizes the Move programming language to enable high-throughput transactions and smart contract execution.
Aptos will release 11.31 million tokens on July 12. The tokens are worth $7.15 million. It represents 0.66% of the released supply.
APT Crypto Token Unlock in July. Source: TokenomistThe team will award 3.96 million APT to core contributors. The community and investors will get 3.21 million and 2.81 million tokens, respectively. Additionally, Aptos will allocate 1.33 million altcoins to the foundation.
3. RedStone (RED) Unlock Date: July 6 Number of Tokens to be Unlocked: 40.85 million RED Released Supply: 416.6 million RED Total Supply: 1 billion RED RedStone is a modular blockchain oracle protocol that feeds trusted, real-time external data into smart contracts and decentralized finance (DeFi) applications across multiple blockchains.
The team will release 40.85 million tokens on July 6. The tokens are worth $4.16 million. Furthermore, they account for 9.8% of the released supply.
RED Crypto Token Unlock in July. Source: TokenomistThe team will split the unlocked supply four ways. Early backers will get 26.42 million tokens. Core contributors will receive 5.56 million RED.
Furthermore, the team will allocate 5.54 million altcoins to the ecosystem and data providers. Lastly, it will direct 3.33 million tokens towards protocol development.
In addition to these three, Linea (LINEA), Babylon (BABY), and Movement (MOVE) will also see new supply enter the market in the second week of July.
Deribit by Coinbase, via its broker-dealer DRB Panama Inc., and SignalPlus, a leading provider of software and infrastructure solutions for crypto derivatives, today announced the launch of The Island, their fifth trading competition and biggest edition to date.
Running for 35 days, the competition features up to $600,000 USDC in prizes across solo and team competition, daily and weekly reward rounds, Mystery Box deposit mechanics, short-dated options challenges, and a Private Island jackpot.
Registration for The Island opens on June 29 at 08:00 UTC, with the competition running from July 6 at 08:00 UTC through August 10 at 23:59 UTC. To participate, users must trade through SignalPlus on Deribit. Competition standings will be based on eligible options and futures trading volume only, with options weighted 1.0 and futures weighted 0.5.
The campaign is designed around eleven core arenas spanning weekly volume competition, daily reward loops, team participation, referral-driven expansion, whale and block-trade incentives, and dynamic ecosystem progression in one connected experience. New mechanics in this edition include the Mystery Box deposit experience, a weekly P&L leaderboard, short-dated options reward multipliers, and the Flash Arena, where higher short-dated options volume unlocks more jackpot shots and reward opportunities.
Key Details
Total Prize Pool: Up to $600,000 USDC Registration Period: June 29, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC Competition Period: July 6, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC Eligibility: Open to eligible retail traders on Deribit via SignalPlus Registration Link: https://t.signalplus.com/deribitislandcompetition This campaign is run by DRB Panama Inc and is not targeted at or intended for residents of Dubai, UAE. T&Cs apply. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full.
Early Bird Incentives
Users who register by July 7th will receive 3 free Deribit options. Team captains who invite five or more friends to register by July 7th will have a chance to win a Cressi Velvet Wetsuit valued at 300 USDC. Among the first 10 participants to reach 200M in trading volume by July 12, one randomly selected winner will receive two RIMOWA suitcases valued at 5,000 USDC in total. “The Island brings together everything we want this competition to be: bigger scale, stronger participation loops, and a structure that rewards how active options traders actually engage,” said Luuk Strijers, Senior Director from Deribit by Coinbase. “With solo and team competition, short-dated options mechanics and aspirational rewards led by the Private Island jackpot, this is our most ambitious retail trading campaign yet.”“We are excited to partner with Deribit by Coinbase once again on the latest edition of the competition,” said Chris Yu, CEO and Co-Founder from SignalPlus. “The Island is designed to make participation more dynamic and more rewarding, whether traders are competing on volume, teaming up with their network, or engaging through short-dated options and daily missions. Together, we are creating a more immersive experience for sophisticated retail traders.”
Competition Highlights include:
Core Arena: Weekly solo and team trading leaderboards designed to reward notional trading activity across individual and squad-based competition. Mystery Box Deposit Round: Users who register and maintain deposits for seven days unlock Mystery Box draw chances tied to guaranteed USDC prizes and premium rewards. Daily Reward Ecosystem: Daily individual and team missions encourage repeat engagement, with volume-based rewards and team milestone unlocks. Flash Arena: Short-dated options trading powers daily reward multipliers and jackpot-style shooting mechanics, including access to the Private Island reward opportunity. Block Arena: High-balance and block-trade participants can unlock fee rebates and luxury reward opportunities. Expansion Arena: Referral mechanics reward both community growth and successful invitations of higher-value traders. In addition to the Private Island headline reward, this year’s prize pool includes a range of premium rewards such as a Rolex Watch, Apple Vision Pro, NVIDIA Stock, Luxury Turkey Trip, Ledger Stax, Gentle Monster Sunglasses, Razer Keyboard, SOL spot rewards, trading fee coupons, and daily USDC prize pools.
The Island invites participants into a dynamic retail trading competition that combines strategic trading with team-based participation and a tiered reward structure. With every trade, participants move closer to exclusive rewards, from daily USDC prizes to the Private Island headline jackpot. The event begins today.
About Deribit
Deribit by Coinbase is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency.
About SignalPlus
Signalplus provides trading software and infrastructure for crypto derivatives, helping professional and sophisticated retail traders access options, futures, and spot markets with advanced execution and analytics tools. SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders.
Ethereum co-founder Vitalik Buterin has published a sweeping multi-year overhaul of the protocol. He named native privacy a “first-class goal” alongside quantum resistance and massive scalability upgrades, a shift he says is comparable in scale to The Merge.
Vitalik Buterin Privacy and Quantum Resistance Move to the Front of the Queue Vitalik Buterin shared the plan via X on July 4–5, 2026, days after Ethereum researchers gathered in Berlin to refine the network’s long-term direction.
If we want to make the Lean Ethereum consensus chain aggressively more "lean", and add strong validator privacy (ZK-unlink deposit from staking activity from withdrawal, and re-anonymize stakers every day), here is a path:https://t.co/Gdee7tE53R
— vitalik.eth (@VitalikButerin) July 6, 2026
The document, published on strawmap.org, outlines coordinated protocol changes expected to roll out across three to four years. Also it aims to touch nearly every layer of the Ethereum stack. Buterin described the effort as Ethereum’s third major transformation. The first being the shift to proof-of-stake in 2022, known as The Merge.
The announcement builds directly on momentum from May 2026, when Buterin outlined a shorter-term privacy roadmap for Ethereum. This signaled that what began as incremental thinking had evolved into a full architectural commitment.
Now, rather than treating privacy as an application-layer add-on, the new Lean Ethereum roadmap evaluates every core protocol component, Frames, the mempool, and future state structures by whether they can support intermediary-free, quantum-safe privacy with low overhead.
Under the Lean Ethereum roadmap, Buterin writes that “quantum safety has shifted up a LOT in priority.” Work on quantum-safe blob designs, the data structures that underpin Ethereum’s rollup scaling, is already underway and described as urgent.
The plan calls for replacing quantum-vulnerable components (BLS signatures, KZG commitments, and ECDSA) with post-quantum cryptography, a direction that mirrors the NIST post-quantum encryption standards finalized in 2024.
On scalability, the strawmap proposes replacing direct transaction re-execution across all nodes with recursive STARK-based verification, a cryptographic method where one prover does the heavy computation and all other nodes verify a compact proof.
Earlier coverage on the broader quantum threat to Ethereum revealed that Buterin mapped out Ethereum’s quantum risks. It was revealed when the Foundation first unveiled its strawmap in February 2026, a thread that now reads as groundwork for today’s more urgent posture.
A Leaner Foundation Behind a Leaner Protocol The technical overhaul arrives as the Ethereum Foundation undergoes its own restructuring. The organization cut approximately 20% of its staff, around 54 roles, and reduced its budget by a targeted 40%. Recent departures include protocol contributors Hsiao-Wei Wang, Tomasz Stańczak, Tim Beiko, and Barnabé Monnot.
The Ethereum community reaction on X has been broadly positive on technical direction, and the Ethereum price forecast has also strengthened, with observers noting that the plan is more specific than typical. This is because long-range crypto promises, naming actual signature schemes and state-size targets.
The strawmap remains a living draft, not a confirmed schedule. The Hegotá fork is described as likely the last before the Lean era begins.
For context on how Ethereum’s speed and scalability narrative has been framed in prior months, Vitalik Buterin explained what faster Ethereum would cost in March 2026, making this Lean Ethereum roadmap the clearest answer yet to that earlier question.
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With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ripple secures official MiCA CASP license from the EU, enabling it to offer crypto services across 30 European Economic Area (EEA) countries.
Digital asset infrastructure firm Ripple announced it has obtained a Cryptocurrency Asset Service Provider (CASP) license from Luxembourg’s financial regulator (CSSF), completing its regulatory authorization under the EU’s Markets in Crypto-Assets (MiCA) framework, enabling it to offer crypto asset services across all 30 European Economic Area (EEA) countries. This formal authorization follows Ripple’s receipt of a principle approval in June this year, signifying that its compliant crypto payment products for financial institutions, enterprises, and commercial clients are now available across the entire EEA. Cassie Craddock, Ripple’s Managing Director for UK and Europe, stated that the CASP license means the firm is fully compliant with MiCA requirements and ready to expand its European operations in the post-transition period. The CASP license also supplements Ripple’s existing EU Electronic Money Institution (EMI) license. To date, Ripple holds over 75 regulatory licenses globally, and obtained crypto asset registration from the UK’s Financial Conduct Authority (FCA) in January this year. MiCA’s final transition period ended on July 1, with the EU officially replacing member states’ individual crypto licensing regimes with a unified regulatory framework. According to data released by the European Securities and Markets Authority (ESMA) on July 3, 280 institutions have obtained CASP authorization so far. Ripple becomes another major crypto firm to receive formal MiCA authorization, following Kraken, Coinbase, OKX, and Crypto.com. In contrast, Binance, the world’s largest crypto exchange, withdrew its Greek license application before the July 1 deadline and has not yet obtained MiCA authorization.
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The case for a SpaceX-Tesla merger has strengthened, with the timing of the combination emerging as the central topic of discussion.
A decade ago, Elon Musk viewed SpaceX and Tesla as "weakly linked" and deemed there was insufficient justification for a merger. Today, market discussions have shifted from "whether a merger will happen" to "when it will occur", with long-term investors seeing a merger as a foregone conclusion. While Musk has not publicly confirmed the move, he has frequently referenced "integration" between his business units, and SpaceX has hinted in regulatory filings at a potential large stock issuance, fueling merger speculation. Both companies have pivoted to AI in recent years: Tesla is betting on autonomous driving and humanoid robots, while SpaceX acquired xAI and plans to deploy space-based data centers, with AI projected to become SpaceX’s largest revenue source starting this year. The business ties between the two have strengthened significantly: SpaceX has disclosed purchasing batteries and Cybertrucks from Tesla, and Tesla holds indirect equity in SpaceX via its xAI acquisition. Despite Musk dismissing the merger logic a decade ago, in 2025 he acknowledged synergies between the three entities in the field of solar-powered AI satellites—a key technology he views as critical for "obtaining massive solar energy".
7 minutes ago
Bitcoin address dormant for nearly 15 years shows unusual activity, tied to New York lawsuit over ownership of "sleeping bitcoins"
A Bitcoin address dormant for nearly 15 years recently processed its first transfer, sending 30 BTC worth approximately $1.88 million at current prices. Galaxy Research on-chain data shows the address, labeled "1KV47," had not moved any funds since receiving 30 BTC in August 2011, until it sent funds externally for the first time last Saturday local time. This address is one of 39,069 dormant Bitcoin addresses involved in a New York lawsuit. Plaintiff "Noah Doe" and two Wyoming-registered companies are seeking to claim ownership of Bitcoin in these long-inactive addresses under New York State’s abandoned property law. Sani, founder of analytics platform Timechain Index, noted this group of addresses holds roughly 3.7 million BTC, valued at around $234 billion, including an address widely believed to belong to Bitcoin’s creator Satoshi Nakamoto. Alex Thorn, head of research at Galaxy Digital, said activity in dormant addresses linked to the lawsuit has risen sharply recently: 31 addresses transferred 17,527 BTC in June, compared to just 5 addresses moving 4,834 BTC in February this year. However, the legal community generally views the lawsuit as having weak grounds. Last Friday local time, a defendant identifying as "John Doe 33" who claims control over one of the addresses filed a motion to dismiss the suit, arguing Bitcoin addresses are merely data strings and not entities that can be sued. Edwin Mata, CEO and lawyer at tokenization platform Brickken, stated that an address’s long inactivity alone does not prove asset abandonment. Under property law, establishing abandonment typically requires proof that the owner explicitly intended to relinquish their property rights; dormant addresses may stem from long-term cold storage, lost private keys, or holders choosing to hold assets long-term, so they do not sufficiently support the plaintiffs’ claims.
7 minutes ago
This Week’s Crypto Market Preview: Fed Meeting Minutes Set for Release, SpaceX to Be Added to Nasdaq 100 Index
This week, the crypto market will focus on Federal Reserve meeting minutes, U.S. economic data, and several crypto industry events; macro conditions and on-chain dynamics may jointly influence digital asset trends. On the macro front, the Federal Reserve will release the minutes of its June FOMC meeting in the early hours of July 9 (Beijing time), and markets hope to use this to gauge the future interest rate path. Additionally, the U.S. ISM Services PMI, consumer inflation expectations, initial jobless claims, and China’s June CPI data will be released sequentially. On the industry side, SpaceX will officially be added to the Nasdaq 100 Index on July 7, becoming the fourth index constituent to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from passive allocation demand from index funds. In addition, U.S. crypto miner American Bitcoin (ABTC) will resume trading after completing a 1-for-15 reverse stock split to avoid delisting by Nasdaq; Berachain will complete its PoL Next upgrade on July 7. In terms of on-chain governance, DAOs including ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will wrap up voting on multiple governance proposals this week. For token unlocks: Hyperliquid (HYPE) will unlock tokens equivalent to 0.2% of its circulating supply on July 6, worth approximately $30.39 million; RAIN will unlock ~7.64% of its circulating supply on July 11, valued at ~$787 million; PUMP will unlock ~29.12% of its circulating supply on July 12, worth ~$130 million. Beyond macro data, developments in the Russia-Ukraine conflict and the continued weakening of the Japanese yen also merit attention. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, with yen depreciation often accompanying Bitcoin price rallies.
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Morgan Stanley warns that US equities may struggle to hit new highs, as investors are rotating out of tech stocks.
Morgan Stanley strategists believe U.S. equities face headwinds in hitting new all-time highs as investors rotate out of this year’s top-performing tech stocks and into other sectors. This rotation could erode the market leadership pattern previously dominated by AI and mega-cap tech stocks. The firm’s analysis notes that most positive economic and earnings news has already been priced in, leaving index performance stagnant, and truly upside surprises will be needed to drive further gains. Markets are eager for concrete proof that massive AI capital expenditures can translate into sustained returns, rather than just growing spending figures, and this uncertainty is pushing more capital to shift from mega-cap tech to broader equities. Morgan Stanley advises investors to prioritize earnings realizability and quality, take partial profits in small-cap stocks, and expand allocations to AI beneficiaries in select sectors. Earlier research from the bank also showed that while large-cap tech posted strong Q3 results, their stock gains have lagged significantly, dragging valuations lower—a stark contrast to industrials and cyclical sectors that have rallied on rate-cut expectations, further confirming a shift in market capital flows.
7 minutes ago
The Cyberspace Administration of China (CAC) has rolled out the first phase of its special campaign "Cyber Clean: Rectifying Chaos in AI Applications".
The "Clean Net: Special Operation to Rectify AI Application Disorders" launched in April 2026, the Cyberspace Administration of China (CAC) has targeted AI application irregularities including failure to fulfill mandatory large model filing obligations, insufficient AI platform security and content moderation capabilities, AI data poisoning, and inadequate implementation of synthetic content labeling. The CAC has instructed local cyberspace authorities to advance key rectification tasks in the first phase, and opened a "Reporting Zone for AI Application Disorders" to accept public reports. Thanks to joint efforts from all parties, the first phase has disposed over 14,000 AI products including illegal websites, applications, and intelligent agents, cleared more than 6 million illegal and harmful pieces of information, handled over 26,000 accounts, removed over 1,300 illegal AI goods and 9 illegal open-source datasets, with all work achieving positive progress.
Ripple secures official MiCA CASP license from the EU, enabling it to offer crypto services across 30 European Economic Area (EEA) countries.
Digital asset infrastructure firm Ripple announced it has obtained a Cryptocurrency Asset Service Provider (CASP) license from Luxembourg’s financial regulator (CSSF), completing its regulatory authorization under the EU’s Markets in Crypto-Assets (MiCA) framework, enabling it to offer crypto asset services across all 30 European Economic Area (EEA) countries. This formal authorization follows Ripple’s receipt of a principle approval in June this year, signifying that its compliant crypto payment products for financial institutions, enterprises, and commercial clients are now available across the entire EEA. Cassie Craddock, Ripple’s Managing Director for UK and Europe, stated that the CASP license means the firm is fully compliant with MiCA requirements and ready to expand its European operations in the post-transition period. The CASP license also supplements Ripple’s existing EU Electronic Money Institution (EMI) license. To date, Ripple holds over 75 regulatory licenses globally, and obtained crypto asset registration from the UK’s Financial Conduct Authority (FCA) in January this year. MiCA’s final transition period ended on July 1, with the EU officially replacing member states’ individual crypto licensing regimes with a unified regulatory framework. According to data released by the European Securities and Markets Authority (ESMA) on July 3, 280 institutions have obtained CASP authorization so far. Ripple becomes another major crypto firm to receive formal MiCA authorization, following Kraken, Coinbase, OKX, and Crypto.com. In contrast, Binance, the world’s largest crypto exchange, withdrew its Greek license application before the July 1 deadline and has not yet obtained MiCA authorization.
7 minutes ago
The case for a SpaceX-Tesla merger has strengthened, with the timing of the combination emerging as the central topic of discussion.
A decade ago, Elon Musk viewed SpaceX and Tesla as "weakly linked" and deemed there was insufficient justification for a merger. Today, market discussions have shifted from "whether a merger will happen" to "when it will occur", with long-term investors seeing a merger as a foregone conclusion. While Musk has not publicly confirmed the move, he has frequently referenced "integration" between his business units, and SpaceX has hinted in regulatory filings at a potential large stock issuance, fueling merger speculation. Both companies have pivoted to AI in recent years: Tesla is betting on autonomous driving and humanoid robots, while SpaceX acquired xAI and plans to deploy space-based data centers, with AI projected to become SpaceX’s largest revenue source starting this year. The business ties between the two have strengthened significantly: SpaceX has disclosed purchasing batteries and Cybertrucks from Tesla, and Tesla holds indirect equity in SpaceX via its xAI acquisition. Despite Musk dismissing the merger logic a decade ago, in 2025 he acknowledged synergies between the three entities in the field of solar-powered AI satellites—a key technology he views as critical for "obtaining massive solar energy".
7 minutes ago
Bitcoin address dormant for nearly 15 years shows unusual activity, tied to New York lawsuit over ownership of "sleeping bitcoins"
A Bitcoin address dormant for nearly 15 years recently processed its first transfer, sending 30 BTC worth approximately $1.88 million at current prices. Galaxy Research on-chain data shows the address, labeled "1KV47," had not moved any funds since receiving 30 BTC in August 2011, until it sent funds externally for the first time last Saturday local time. This address is one of 39,069 dormant Bitcoin addresses involved in a New York lawsuit. Plaintiff "Noah Doe" and two Wyoming-registered companies are seeking to claim ownership of Bitcoin in these long-inactive addresses under New York State’s abandoned property law. Sani, founder of analytics platform Timechain Index, noted this group of addresses holds roughly 3.7 million BTC, valued at around $234 billion, including an address widely believed to belong to Bitcoin’s creator Satoshi Nakamoto. Alex Thorn, head of research at Galaxy Digital, said activity in dormant addresses linked to the lawsuit has risen sharply recently: 31 addresses transferred 17,527 BTC in June, compared to just 5 addresses moving 4,834 BTC in February this year. However, the legal community generally views the lawsuit as having weak grounds. Last Friday local time, a defendant identifying as "John Doe 33" who claims control over one of the addresses filed a motion to dismiss the suit, arguing Bitcoin addresses are merely data strings and not entities that can be sued. Edwin Mata, CEO and lawyer at tokenization platform Brickken, stated that an address’s long inactivity alone does not prove asset abandonment. Under property law, establishing abandonment typically requires proof that the owner explicitly intended to relinquish their property rights; dormant addresses may stem from long-term cold storage, lost private keys, or holders choosing to hold assets long-term, so they do not sufficiently support the plaintiffs’ claims.
7 minutes ago
This Week’s Crypto Market Preview: Fed Meeting Minutes Set for Release, SpaceX to Be Added to Nasdaq 100 Index
This week, the crypto market will focus on Federal Reserve meeting minutes, U.S. economic data, and several crypto industry events; macro conditions and on-chain dynamics may jointly influence digital asset trends. On the macro front, the Federal Reserve will release the minutes of its June FOMC meeting in the early hours of July 9 (Beijing time), and markets hope to use this to gauge the future interest rate path. Additionally, the U.S. ISM Services PMI, consumer inflation expectations, initial jobless claims, and China’s June CPI data will be released sequentially. On the industry side, SpaceX will officially be added to the Nasdaq 100 Index on July 7, becoming the fourth index constituent to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from passive allocation demand from index funds. In addition, U.S. crypto miner American Bitcoin (ABTC) will resume trading after completing a 1-for-15 reverse stock split to avoid delisting by Nasdaq; Berachain will complete its PoL Next upgrade on July 7. In terms of on-chain governance, DAOs including ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will wrap up voting on multiple governance proposals this week. For token unlocks: Hyperliquid (HYPE) will unlock tokens equivalent to 0.2% of its circulating supply on July 6, worth approximately $30.39 million; RAIN will unlock ~7.64% of its circulating supply on July 11, valued at ~$787 million; PUMP will unlock ~29.12% of its circulating supply on July 12, worth ~$130 million. Beyond macro data, developments in the Russia-Ukraine conflict and the continued weakening of the Japanese yen also merit attention. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, with yen depreciation often accompanying Bitcoin price rallies.
7 minutes ago
Morgan Stanley warns that US equities may struggle to hit new highs, as investors are rotating out of tech stocks.
Morgan Stanley strategists believe U.S. equities face headwinds in hitting new all-time highs as investors rotate out of this year’s top-performing tech stocks and into other sectors. This rotation could erode the market leadership pattern previously dominated by AI and mega-cap tech stocks. The firm’s analysis notes that most positive economic and earnings news has already been priced in, leaving index performance stagnant, and truly upside surprises will be needed to drive further gains. Markets are eager for concrete proof that massive AI capital expenditures can translate into sustained returns, rather than just growing spending figures, and this uncertainty is pushing more capital to shift from mega-cap tech to broader equities. Morgan Stanley advises investors to prioritize earnings realizability and quality, take partial profits in small-cap stocks, and expand allocations to AI beneficiaries in select sectors. Earlier research from the bank also showed that while large-cap tech posted strong Q3 results, their stock gains have lagged significantly, dragging valuations lower—a stark contrast to industrials and cyclical sectors that have rallied on rate-cut expectations, further confirming a shift in market capital flows.
7 minutes ago
The Cyberspace Administration of China (CAC) has rolled out the first phase of its special campaign "Cyber Clean: Rectifying Chaos in AI Applications".
The "Clean Net: Special Operation to Rectify AI Application Disorders" launched in April 2026, the Cyberspace Administration of China (CAC) has targeted AI application irregularities including failure to fulfill mandatory large model filing obligations, insufficient AI platform security and content moderation capabilities, AI data poisoning, and inadequate implementation of synthetic content labeling. The CAC has instructed local cyberspace authorities to advance key rectification tasks in the first phase, and opened a "Reporting Zone for AI Application Disorders" to accept public reports. Thanks to joint efforts from all parties, the first phase has disposed over 14,000 AI products including illegal websites, applications, and intelligent agents, cleared more than 6 million illegal and harmful pieces of information, handled over 26,000 accounts, removed over 1,300 illegal AI goods and 9 illegal open-source datasets, with all work achieving positive progress.
Ripple secures official MiCA CASP license from the EU, enabling it to offer crypto services across 30 European Economic Area (EEA) countries.
Digital asset infrastructure firm Ripple announced it has obtained a Cryptocurrency Asset Service Provider (CASP) license from Luxembourg’s financial regulator (CSSF), completing its regulatory authorization under the EU’s Markets in Crypto-Assets (MiCA) framework, enabling it to offer crypto asset services across all 30 European Economic Area (EEA) countries. This formal authorization follows Ripple’s receipt of a principle approval in June this year, signifying that its compliant crypto payment products for financial institutions, enterprises, and commercial clients are now available across the entire EEA. Cassie Craddock, Ripple’s Managing Director for UK and Europe, stated that the CASP license means the firm is fully compliant with MiCA requirements and ready to expand its European operations in the post-transition period. The CASP license also supplements Ripple’s existing EU Electronic Money Institution (EMI) license. To date, Ripple holds over 75 regulatory licenses globally, and obtained crypto asset registration from the UK’s Financial Conduct Authority (FCA) in January this year. MiCA’s final transition period ended on July 1, with the EU officially replacing member states’ individual crypto licensing regimes with a unified regulatory framework. According to data released by the European Securities and Markets Authority (ESMA) on July 3, 280 institutions have obtained CASP authorization so far. Ripple becomes another major crypto firm to receive formal MiCA authorization, following Kraken, Coinbase, OKX, and Crypto.com. In contrast, Binance, the world’s largest crypto exchange, withdrew its Greek license application before the July 1 deadline and has not yet obtained MiCA authorization.
7 minutes ago
The case for a SpaceX-Tesla merger has strengthened, with the timing of the combination emerging as the central topic of discussion.
A decade ago, Elon Musk viewed SpaceX and Tesla as "weakly linked" and deemed there was insufficient justification for a merger. Today, market discussions have shifted from "whether a merger will happen" to "when it will occur", with long-term investors seeing a merger as a foregone conclusion. While Musk has not publicly confirmed the move, he has frequently referenced "integration" between his business units, and SpaceX has hinted in regulatory filings at a potential large stock issuance, fueling merger speculation. Both companies have pivoted to AI in recent years: Tesla is betting on autonomous driving and humanoid robots, while SpaceX acquired xAI and plans to deploy space-based data centers, with AI projected to become SpaceX’s largest revenue source starting this year. The business ties between the two have strengthened significantly: SpaceX has disclosed purchasing batteries and Cybertrucks from Tesla, and Tesla holds indirect equity in SpaceX via its xAI acquisition. Despite Musk dismissing the merger logic a decade ago, in 2025 he acknowledged synergies between the three entities in the field of solar-powered AI satellites—a key technology he views as critical for "obtaining massive solar energy".
7 minutes ago
Bitcoin address dormant for nearly 15 years shows unusual activity, tied to New York lawsuit over ownership of "sleeping bitcoins"
A Bitcoin address dormant for nearly 15 years recently processed its first transfer, sending 30 BTC worth approximately $1.88 million at current prices. Galaxy Research on-chain data shows the address, labeled "1KV47," had not moved any funds since receiving 30 BTC in August 2011, until it sent funds externally for the first time last Saturday local time. This address is one of 39,069 dormant Bitcoin addresses involved in a New York lawsuit. Plaintiff "Noah Doe" and two Wyoming-registered companies are seeking to claim ownership of Bitcoin in these long-inactive addresses under New York State’s abandoned property law. Sani, founder of analytics platform Timechain Index, noted this group of addresses holds roughly 3.7 million BTC, valued at around $234 billion, including an address widely believed to belong to Bitcoin’s creator Satoshi Nakamoto. Alex Thorn, head of research at Galaxy Digital, said activity in dormant addresses linked to the lawsuit has risen sharply recently: 31 addresses transferred 17,527 BTC in June, compared to just 5 addresses moving 4,834 BTC in February this year. However, the legal community generally views the lawsuit as having weak grounds. Last Friday local time, a defendant identifying as "John Doe 33" who claims control over one of the addresses filed a motion to dismiss the suit, arguing Bitcoin addresses are merely data strings and not entities that can be sued. Edwin Mata, CEO and lawyer at tokenization platform Brickken, stated that an address’s long inactivity alone does not prove asset abandonment. Under property law, establishing abandonment typically requires proof that the owner explicitly intended to relinquish their property rights; dormant addresses may stem from long-term cold storage, lost private keys, or holders choosing to hold assets long-term, so they do not sufficiently support the plaintiffs’ claims.
7 minutes ago
This Week’s Crypto Market Preview: Fed Meeting Minutes Set for Release, SpaceX to Be Added to Nasdaq 100 Index
This week, the crypto market will focus on Federal Reserve meeting minutes, U.S. economic data, and several crypto industry events; macro conditions and on-chain dynamics may jointly influence digital asset trends. On the macro front, the Federal Reserve will release the minutes of its June FOMC meeting in the early hours of July 9 (Beijing time), and markets hope to use this to gauge the future interest rate path. Additionally, the U.S. ISM Services PMI, consumer inflation expectations, initial jobless claims, and China’s June CPI data will be released sequentially. On the industry side, SpaceX will officially be added to the Nasdaq 100 Index on July 7, becoming the fourth index constituent to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from passive allocation demand from index funds. In addition, U.S. crypto miner American Bitcoin (ABTC) will resume trading after completing a 1-for-15 reverse stock split to avoid delisting by Nasdaq; Berachain will complete its PoL Next upgrade on July 7. In terms of on-chain governance, DAOs including ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will wrap up voting on multiple governance proposals this week. For token unlocks: Hyperliquid (HYPE) will unlock tokens equivalent to 0.2% of its circulating supply on July 6, worth approximately $30.39 million; RAIN will unlock ~7.64% of its circulating supply on July 11, valued at ~$787 million; PUMP will unlock ~29.12% of its circulating supply on July 12, worth ~$130 million. Beyond macro data, developments in the Russia-Ukraine conflict and the continued weakening of the Japanese yen also merit attention. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, with yen depreciation often accompanying Bitcoin price rallies.
7 minutes ago
Morgan Stanley warns that US equities may struggle to hit new highs, as investors are rotating out of tech stocks.
Morgan Stanley strategists believe U.S. equities face headwinds in hitting new all-time highs as investors rotate out of this year’s top-performing tech stocks and into other sectors. This rotation could erode the market leadership pattern previously dominated by AI and mega-cap tech stocks. The firm’s analysis notes that most positive economic and earnings news has already been priced in, leaving index performance stagnant, and truly upside surprises will be needed to drive further gains. Markets are eager for concrete proof that massive AI capital expenditures can translate into sustained returns, rather than just growing spending figures, and this uncertainty is pushing more capital to shift from mega-cap tech to broader equities. Morgan Stanley advises investors to prioritize earnings realizability and quality, take partial profits in small-cap stocks, and expand allocations to AI beneficiaries in select sectors. Earlier research from the bank also showed that while large-cap tech posted strong Q3 results, their stock gains have lagged significantly, dragging valuations lower—a stark contrast to industrials and cyclical sectors that have rallied on rate-cut expectations, further confirming a shift in market capital flows.
7 minutes ago
The Cyberspace Administration of China (CAC) has rolled out the first phase of its special campaign "Cyber Clean: Rectifying Chaos in AI Applications".
The "Clean Net: Special Operation to Rectify AI Application Disorders" launched in April 2026, the Cyberspace Administration of China (CAC) has targeted AI application irregularities including failure to fulfill mandatory large model filing obligations, insufficient AI platform security and content moderation capabilities, AI data poisoning, and inadequate implementation of synthetic content labeling. The CAC has instructed local cyberspace authorities to advance key rectification tasks in the first phase, and opened a "Reporting Zone for AI Application Disorders" to accept public reports. Thanks to joint efforts from all parties, the first phase has disposed over 14,000 AI products including illegal websites, applications, and intelligent agents, cleared more than 6 million illegal and harmful pieces of information, handled over 26,000 accounts, removed over 1,300 illegal AI goods and 9 illegal open-source datasets, with all work achieving positive progress.
Lighter (LIT) surged more than 20% on Monday to $2.6, its highest level since January, after the perpetuals exchange unveiled a tokenomics overhaul that adds permanent burns and a revamped staking model.
The move made LIT the top gainer among the 100 largest cryptocurrencies. It extended a rally that has lifted the token roughly 40% over the past week, far outpacing the broader market.
Lighter (LIT) Token Price Performance. Source: BeInCrypto MarketsFollow us on X to get the latest news as it happens
Lighter Introduces Tokenomics UpdateLighter has bought back LIT with exchange revenue after its token launch. The exchange said it has repurchased about 15.5 million LIT, or roughly 6.3% of the circulating supply. Lighter said it plans to use the buybacks to permanently reduce the LIT supply through burns.
The burns will run by sending LIT to a burn address on the Ethereum (ETH) mainnet. Lighter plans its first burn in the weeks after the second quarter closes. It noted it may burn undistributed LIT rather than the exact repurchased tokens.
“This is economically equivalent for LIT holders and allows Lighter to manage treasury operations efficiently and avoid unnecessary costs,” the exchange said.
Staking Rewards Shift to ReserveLighter also changed how it funds staking rewards. Since launching its staking program in January, it has distributed about 3.72 million LIT using pre-TGE revenue, including roughly 170,000 LIT through its fee credits program.
That approach is ending. The exchange will now fund staking rewards using its remaining ecosystem tokens, which total 250 million LIT.
The protocol is targeting a 6% annualized staking yield. With about 125 million LIT currently staked, that would distribute roughly 7.5 million LIT per year.
LIT still trades well below its $7.86 record set in December. Whether the new model sustains demand may hinge on trading revenue holding up in the months ahead.
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South Korea’s Kospi index jumped as much as 2.7 percent Monday. The tech-led rebound came as Samsung Electronics and SK Hynix advanced ahead of closely watched earnings.
The index briefly traded above 8,300 points before easing slightly towards the 8,150 mark. Japan’s Nikkei 225 also broke above 70,000 points. It rose 0.73 percent as chip stocks rallied across the region.
Samsung and SK Hynix Extend the Chip ReboundSamsung Electronics climbed as much as 4 percent in early trading. The gains build on last week’s rebound in chip stocks. SK Hynix rose as much as 1.8 percent, and Kioxia advanced nearly 1 percent in Japan. SoftBank fell more than 2 percent, the lone major decliner.
Early Monday trading for the KOSPI saw an impressive opening spike. Image Source: Trading ViewThe moves follow a volatile stretch for Korean chip stocks. Samsung and SK Hynix have swung sharply on memory pricing disputes and trillion-dollar investment pledges this year. The Kospi itself has triggered trading halts repeatedly in 2026 amid AI-driven volatility.
Other Kospi movers posted smaller swings. Hyundai Motor and Hanwha Aerospace notched modest gains, while LG Energy Solution slipped. The won weakened to 1,533.90 against the dollar, down 8.3 won from Friday’s close.
Earnings and SpaceX Listing AheadTraders are also positioning ahead of SpaceX’s Nasdaq 100 inclusion on Tuesday. They are betting the listing could lift sentiment across AI-linked tech names in Asia. The rally follows recent weeks in which the Kospi flashed warning signs over stretched AI chip valuations.
Samsung’s preliminary second-quarter results are due Tuesday. They will likely determine whether Monday’s gains hold, as investors weigh whether AI infrastructure spending is turning into profit.
SK Hynix will launch its roughly $29 billion Nasdaq listing this week, tapping US markets amid the artificial intelligence (AI) boom.
The listing is expected to rank as the biggest-ever first-time US share sale by a foreign company. The chipmaker will sell 17.79 million new shares, with trading expected to start Friday.
Why the SK Hynix Nasdaq Listing Breaks RecordsEach SK Hynix common share will be represented by 10 American depositary receipts, Reuters reported. Management will meet global investors on a roadshow this week. SK Hynix will fix the New York listing’s price on Thursday, with the shares set to begin trading the following day, Friday.
The deal could rank as the second-biggest share sale in history. Only SpaceX’s record IPO, which raised $85.7 billion last month, stands above it. The offering also surpasses Saudi Aramco’s $25.6 billion IPO in 2019.
Bloomberg noted that the listing is about more than cash. SK Hynix has long traded at a discount to US-based rival Micron Technology. The latest move could change that.
Trading on the Nasdaq gives the chipmaker direct access to the world’s deepest equity market. It also places SK Hynix inside the AI trade that currently drives the S&P 500’s performance.
Follow us on X to get the latest news as it happens
AI Boom Powers a 700% SK Hynix RallySK Hynix supplies high-bandwidth memory chips to AI customers, including Nvidia and Google. That position has made it one of the biggest winners of the AI buildout, outperforming Samsung Electronics and Micron.
The company’s Korea-listed stock has climbed more than 700% over the past year. Last month, the chipmaker briefly surpassed Samsung in valuation for the first time since 2000.
SK Hynix Stock Performance. Source: Google FinanceThursday’s pricing will show how much US investors will pay for exposure to the AI memory trade. Whether Friday’s debut finally closes the valuation gap with Micron may become clear in the first trading sessions.
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Price Action and On-Chain MilestonesThe Black Bull (ANSEM) added 20% in the past 24 hours and is up 235% over the last seven days, pushing the Solana-based memecoin to $0.35. The token has also crossed a notable community threshold, surpassing 110,000 holders. Its fully diluted valuation stands at roughly $355 million, based on a maximum supply of 1 billion tokens.
ANSEM is a cultural token tied to the identity of Ansem (Zion Thomas), a well-known Solana trader and influencer with nearly one million followers. The token was not created by the trader it is named after. An anonymous developer airdropped a large share of the supply to Ansem's wallet, who later embraced it rather than launching his own coin. The dominant version, branded The Black Bull, was launched on the Pumpfun launchpad in mid-June 2026.
Ansem pledged to redistribute the token's creator fees to traders, while distancing himself from the many copycat coins using his name. He airdropped roughly $7 million of ANSEM to Solana users between June 27 and 29, aiming to grow the holder base from about 25,000 toward a target of 1 million.
Key Risks to WatchThere is no product, roadmap, team, or revenue behind the token. Its price is driven entirely by attention, one influencer's involvement, and speculative trading. According to Rugcheck.xyz, there is a risk of market manipulation due to a large concentration of tokens held in one or more unidentified wallets.
On-chain data shows that Ansem's latest airdrop of 67.38 million ANSEM tokens ($9.4 million) was distributed to 704 wallets, but 74% of the tokens went to just seven addresses. The token's fate remains tethered to one person's continued involvement, making that alignment both the core bull case and the core risk. As with all highly speculative assets, investors should exercise caution and only commit capital they can afford to lose.
Sources:
The Black Bull (ANSEM) Live Price and Market Data, CoinMarketCap
The Black Bull Price Chart and Market Cap, CoinGecko
What Is ANSEM? The Solana Influencer Memecoin Explained, crypto.news
Key Highlights Last week saw ADA climb more than 31%, peaking at $0.199 on July 5 before settling near $0.188 Derivatives Open Interest reached $515 million on Sunday, marking the highest reading since late May Nearly 15,000 new non-empty wallets joined the network since the June 23 bottom, according to Santiment While funding rates flipped positive, the long-to-short ratio stands at 0.68, indicating divided market sentiment Founder Charles Hoskinson initiated a comprehensive DAO audit amid ongoing governance debates Cardano (ADA) is currently changing hands around $0.188 on Monday, consolidating after an impressive seven-day rally that saw gains exceed 31%. The cryptocurrency peaked at $0.199 on July 5 before experiencing modest profit-taking.
Cardano (ADA) Price The token bottomed near $0.14 in late June, marking its lowest price point since 2020. While the subsequent rebound has been impressive, ADA continues to face multiple resistance barriers that could challenge any extended upward movement.
Crypto analyst BATMAN (@CryptosBatman) highlighted that ADA successfully escaped a months-long descending channel formation while recapturing the 200-day exponential moving average. He identified a classic bullish RSI divergence that signaled weakening selling pressure before the breakout occurred, with the 200 EMA now serving as key dynamic support. He stated: “As long as ADA holds above it, the path of least resistance remains up.”
After months inside a descending channel, $ADA has finally broken out, reclaiming the 200 EMA while a textbook bullish RSI divergence signaled seller exhaustion before the move
Momentum has shifted back to the bulls, with the 200 EMA now acting as dynamic support. As long as ADA… pic.twitter.com/aOSGN4qIAm
— BATMAN ⚡ (@CryptosBatman) July 5, 2026
According to Santiment analytics, the Cardano network registered 14,783 new non-empty wallets from the June 23 bottom through last week. This wallet expansion indicates renewed retail interest following an extended period of distribution and selling pressure.
Data on whale activity revealed that large-balance holders were accumulating tokens even during the network activity slowdown. This behavior suggests strategic positioning by sophisticated investors ahead of anticipated protocol enhancements.
✍️ TL;DR: Cardano price decoupling after peak FUD created rifts in community last month
📊 Metrics Used: Total Holders
🔗 Link to chart: https://t.co/Xn7BNZXWpH
📈 Cardano is showing signs of life again, with 14,783 more non-empty ADA wallets added since its June 23rd bottom.… pic.twitter.com/c47cCG6Hgm
— Santiment Intelligence (@SantimentData) July 4, 2026
Futures Market Shows Conflicting Signals ADA futures Open Interest surged to $515 million on Sunday, representing the strongest level observed since May’s final week, before moderating to approximately $472 million on Monday. This expansion demonstrates increased speculative interest.
Funding rates reversed to positive territory during the past week. According to CoinGlass metrics, ADA’s OI-Weighted Funding Rate registered 0.0080% on Monday, indicating long position holders are compensating shorts — typically interpreted as bullish market structure.
However, the long-to-short ratio presents a contrasting narrative. Monday’s reading of 0.68 marks one of the lowest levels recorded in the past month. Ratios below 1.0 indicate that more market participants are positioned for downside price action.
Critical Price Levels Under Watch ADA has successfully recaptured the 50-day EMA positioned at $0.186, which now provides near-term support. The Relative Strength Index hovers around 61 while the MACD indicator displays positive momentum.
Source: TradingView Initial resistance emerges at the 38.2% Fibonacci retracement level of $0.195. Beyond that threshold, a significant resistance zone exists between $0.213 and $0.219, incorporating the 50% Fibonacci level, the 100-day EMA, and the descending trendline breakout point.
ADA remains substantially below both the 100-day EMA at $0.218 and the 200-day EMA positioned at $0.289.
Regarding governance developments, Hoskinson recently initiated a comprehensive audit examining thousands of decentralized organizations connected to Cardano’s treasury infrastructure. This review follows the cancellation of the 2026 summit and continued disagreements over funding allocation.
Cardano’s Leios scalability enhancement remains on schedule, with mainnet deployment anticipated later this year.
Key Highlights The South Korean semiconductor manufacturer is pursuing approximately $28 billion in capital through a Nasdaq American Depositary Receipt offering, marking one of 2025’s largest equity raises globally The offering consists of 17.79 million new ADRs with a 10:1 ratio to common shares; pricing finalizes Thursday with market debut scheduled for Friday Shares on Seoul’s exchange have skyrocketed roughly 273% year-to-date, despite a 4% pullback on Monday Capital raised will finance construction of semiconductor fabrication facilities in South Korea and acquisition of cutting-edge production tools, including advanced EUV lithography systems from ASML The company commands 56.4% of the worldwide HBM market and captures 29.1% of DRAM revenue as of Q1 2026 The South Korean memory chip powerhouse is making its way to American exchanges with what stands as one of the most substantial equity offerings globally in recent years. The semiconductor manufacturer initiated its Nasdaq ADR launch Monday, seeking approximately $28 billion in new funding to accelerate its artificial intelligence chip expansion strategy.
SK hynix Inc. (000660.KS) The offering encompasses 17.79 million newly issued American Depositary Receipts for Nasdaq trading. The ADR structure operates on a 10:1 basis, meaning ten ADRs correspond to a single ordinary share traded on Seoul’s exchange. Pricing details were scheduled for Monday’s release, with definitive pricing anticipated Thursday ahead of Friday’s trading commencement.
On Seoul’s exchange, SK Hynix stock declined approximately 4% Monday, closing at 2,327,000 won. The Monday decline notwithstanding, shares have climbed roughly 273% since January, propelled by robust demand for artificial intelligence-linked equities.
The Seoul-traded security (000660.KS) retreated about 3.4% Monday, mirroring wider market weakness — South Korea’s KOSPI benchmark index similarly dropped 2.2% during the session.
This transaction ranks as the second-largest equity raise on record, trailing only SpaceX’s extraordinary $85.7 billion public offering completed last month. The deal surpasses Saudi Aramco’s $25.6 billion IPO from 2019 and Alibaba’s comparable offering in 2014.
The chipmaker intends to deploy the capital toward constructing additional semiconductor manufacturing facilities domestically in South Korea and acquiring state-of-the-art production machinery, including extreme ultraviolet lithography equipment from Netherlands-based ASML.
The Strategic Value of U.S. Market Access According to Dave Mazza, CEO of Roundhill Investments: “SK Hynix has been one of the most important companies in the world that most U.S. institutions could not easily own.” He characterized the Nasdaq listing as eliminating an “accessibility discount, not a quality discount.”
Steve Sosnick from Interactive Brokers noted that retail traders and smaller institutional players stand to gain the most, obtaining straightforward access to shares previously challenging to acquire from United States accounts.
HSBC upgraded its SK Hynix valuation model last month by incorporating a 20% premium into its price-to-book calculation, elevating it from 2.8x to 3.4x — attributing the adjustment to enhanced worldwide market access and investor-friendly corporate governance initiatives.
Market observers anticipate SK Hynix’s inclusion in the Philadelphia SE Semiconductor Index, which would likely generate substantial passive investment inflows as index-tracking funds adjust their portfolios.
SK Hynix’s Position in Artificial Intelligence The company controlled 56.4% of the global high-bandwidth memory sector during Q1 2026 — establishing it as the worldwide leader. In DRAM, it secured second position with 29.1% revenue share, while capturing 18.5% of the NAND flash market in second place, based on IDC research.
First quarter 2026 revenue reached $34.5 billion, accompanied by profit of $26.48 billion. Full-year 2025 results showed revenue of $63.76 billion and profit totaling $28.2 billion.
The semiconductor manufacturer serves as a critical supplier to Nvidia and Google, and formalized a collaboration with Nvidia in July focused on jointly developing next-generation memory solutions for systems including Vera Rubin AI supercomputing platforms.
South Korea’s administration additionally announced a $576 billion semiconductor investment initiative last week, designating SK Hynix and Samsung as cornerstone participants.
Key Takeaways Samsung’s Q2 operating profit projected at approximately 86 trillion won (~$56B), marking an 18-fold increase year-over-year Quarter-over-quarter DRAM pricing jumped ~44% while NAND climbed ~53% in Q2 Shares have soared over 155% year-to-date but experienced an 8.7% decline in the past week Employee bonus allocation may impact reported profit numbers Wall Street consensus suggests 52% additional upside potential over the coming year The world’s leading memory semiconductor manufacturer, Samsung Electronics, is preparing to unveil its preliminary second-quarter financial results on Tuesday, drawing significant attention from investors and market analysts alike. The South Korean tech giant is anticipated to deliver operating profit around 86 trillion won ($56.35 billion), representing an extraordinary 18-times surge compared to the 4.7 trillion won recorded during the same period last year.
Samsung Electronics Co., Ltd., SMSD.L
This projection stems from LSEG SmartEstimate data aggregating forecasts from 30 financial analysts. Revenue expectations point to a staggering 127% increase, reaching an unprecedented 169 trillion won.
Should these numbers materialize, Samsung would achieve its third consecutive quarter of record-breaking operating profit.
The catalyst behind this remarkable performance is crystal clear: artificial intelligence. Explosive demand for memory semiconductors powering AI infrastructure has driven pricing substantially higher while maintaining supply constraints. According to research from Citi and HSBC, average DRAM selling prices increased more than 44% quarter-over-quarter in Q2, while NAND pricing surged beyond 53%.
The benefits extend beyond high-bandwidth memory solutions. Conventional DRAM and NAND demand has strengthened as agentic AI systems — sophisticated platforms capable of executing complex, multi-step operations — require substantially more memory capacity and storage compared to previous-generation AI applications.
Bonus Provisions May Impact Reported Figures However, there’s an important consideration. Samsung finalized a labor agreement in May allocating 10.5% of the semiconductor division’s operating profit toward special employee bonuses. Industry analysts estimate total bonus provisions could surpass 40 trillion won. The accounting treatment of these provisions in Q2 could materially affect the published results.
Consequently, while the underlying profit momentum appears robust, the quarterly figure might fall short of consensus estimates depending on how Samsung recognizes this expense.
Samsung stock has experienced significant volatility recently. Despite gaining more than 155% year-to-date, shares declined nearly 9% over five trading sessions last week — the steepest drop since late March — as global semiconductor equities fluctuated amid concerns about AI capital expenditure sustainability and intensifying competitive pressures.
The 30-day volatility metric for Bloomberg’s top 20 semiconductor stocks index has reached its peak level since 2020.
Neverthstanding this turbulence, Samsung’s valuation appears relatively attractive. The stock currently trades at merely 5.7 times forward 12-month earnings, approaching the lowest level recorded since 2007. This represents a discount to Micron’s 7x multiple and trades substantially below the Philadelphia Semiconductor Index’s approximately 24x valuation.
Wall Street Perspective Citigroup upgraded its Samsung price target to 530,000 won from 460,000 won on July 2 — representing 71% upside from Friday’s closing price. The investment bank maintains that memory market fundamentals remain sound and server DRAM pricing continues demonstrating resilience driven by robust CPU demand.
The Bloomberg consensus analyst price target suggests 52% potential appreciation over the next 12-month period.
Nomura Research projects commodity DRAM prices will advance another 24% in Q3 with NAND prices climbing 25%, supported by data center expansion and consumer electronics demand.
Samsung and SK Hynix have jointly committed 3,200 trillion won toward expanding semiconductor manufacturing capacity in South Korea through 2040. Additionally, reports from the Information indicate Anthropic is negotiating with Samsung regarding a custom AI chip production collaboration.
Samsung’s comprehensive quarterly results are scheduled for release later this month.
Solana is trading at $80.43, up 11.09% over the past week as SOL extends a recovery that began from a $64.04 low in late June. The rally has outpaced the broader market, building on relative strength SOL showed even during the height of last month’s selloff, when it fell less than most major coins as Bitcoin hit a 20-month low.
Key Takeaways SOL trades at $80.43, up 11.09% on the week, after climbing from a $64.04 low in late June Solana’s spot ETFs remain unique among majors for launching with staking enabled, passing validator rewards directly to shareholders Two major network upgrades are advancing in parallel: Alpenglow, a consensus overhaul now live on a test cluster, and Firedancer, Jump Crypto’s new validator client $72 was the key reclaim level flagged during June’s selloff; SOL has since cleared it and pushed toward the $78–$85 zone that would confirm a stronger bullish reversal Solana remains exposed to the same macro forces affecting the broader market, and a portion of its on-chain activity is tied to speculative memecoin trading that can deflate quickly Solana Price Metrics MetricValuePrice$80.437-Day Change+11.09%Market Cap$46.74 billion24h Volume$1.82 billionCirculating Supply581.12M SOLMax SupplyUncapped Source: CoinMarketCap, Binance
Solana Price Analysis: Extending the Recovery From $64 Solana’s chart has shifted decisively since bottoming at $64.04 in late June. Price cleared its 7-day, 25-day, and 99-day moving averages in succession through late June and early July, with the 99-day average — previously a long-term overhang — now sitting well below spot price at $74.38. The move from $64 to above $80 represents one of the strongest recoveries among major assets over the same stretch, though SOL has pulled back slightly from a local high near $83.98 in the past 24 hours.
Support and Resistance Levels LevelPriceSignificanceResistance 2$85Upper bound of the zone that would confirm a stronger bullish reversalResistance 1$78Lower bound of the confirmation zone; a close above signals continuationCurrent Price$80.43—Support 1$72Prior reclaim level from June’s selloff; now the key level to holdSupport 2$62–$66Range that held through the deepest part of the June correction What Could Happen Next Bullish scenario: SOL holds above $72 and pushes through the $78–$85 zone with volume, confirming a structural reversal and opening room toward new local highs.
Base scenario (most likely): SOL consolidates between $72 and $85 through mid-July as the market digests the pace of the recent rally alongside broader crypto conditions.
Bearish scenario: A break below $72 would align with renewed Bitcoin weakness; a deeper breakdown risks a retest of the $62–$66 zone that held during June’s correction.
Why Solana’s Price Is Outperforming Solana’s relative strength traces to a structural advantage: its spot ETFs launched with staking enabled, passing validator rewards through to shareholders — a yield component that Bitcoin and Ethereum ETF products don’t offer. In a market where institutions have pulled money from non-yielding Bitcoin ETFs, a product that pays staking yield has proven comparatively more attractive, and Solana has attracted some of the more consistent positive ETF flows among majors in recent weeks.
Fundamentals are reinforcing that demand. Two major upgrades are advancing: Alpenglow, Solana’s consensus overhaul, is live on a test cluster and represents a significant step toward dramatically faster transaction finality. Firedancer, the new validator client from Jump Crypto, continues a careful rollout focused on performance and reliability. Together, these target Solana’s two historical weak points — speed and network outages — giving the network a fundamental anchor that has helped sustain investor confidence through volatile conditions. For the latest developments across the sector, see Crypto Market Today.
The Risk That Remains Solana’s rally should not be mistaken for immunity from broader market conditions. SOL remains correlated to the same macro forces affecting Bitcoin and the rest of the market, and a renewed leg lower in Bitcoin would likely pull SOL down alongside it. There is also Solana’s continued reliance on speculative activity: a cooling memecoin cycle earlier this year trimmed network fees meaningfully, a reminder that part of Solana’s on-chain volume is speculative and can deflate quickly when sentiment shifts.
Solana Price vs Other Major Cryptocurrencies At a $46.74 billion market cap, Solana ranks as the seventh-largest cryptocurrency, smaller than Bitcoin, Ethereum, and XRP, but its staking-enabled ETF structure sets it apart from both. Where Bitcoin and Ethereum spot ETFs offer no direct yield to holders, Solana’s ETF products pass through validator rewards — a structural differentiator that has helped SOL attract steadier institutional demand during periods when Bitcoin ETFs have seen net outflows.
Summary Table MetricSolana (SOL)Price$80.43Market Cap$46.74 billion24h Volume$1.82 billionSupply CapNone (uncapped)ConsensusProof-of-History / Proof-of-Stake Compare Crypto Prices Today AssetPrice24h ChangeBitcoin (BTC)$62,999.45+0.22%Ethereum (ETH)$1,778.33-0.49%XRP$1.1463+0.47%Solana (SOL)$80.43-0.15%BNB$585.36+1.74%TRON (TRX)$0.3279+0.64% Where to Buy Solana Solana can be purchased on major centralized exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, and OKX. SOL holders can also stake directly through validators, pooled staking services, or liquid staking tokens to earn network yield.
This article is for informational purposes only and does not constitute financial advice.
Frequently Asked Questions What is the price of Solana today? Solana is trading at $80.43 as of July 6, 2026, up 11.09% over the past week as it extends a recovery from a $64.04 low in late June.
Why is Solana outperforming other major cryptocurrencies? Solana's relative strength traces to its staking-enabled spot ETFs, which pass validator rewards to shareholders and have attracted steadier demand than non-yielding Bitcoin ETFs, combined with steady progress on the Alpenglow and Firedancer network upgrades.
What makes Solana's ETF different from Bitcoin or Ethereum ETFs? Solana's spot ETFs launched with staking enabled, passing validator rewards directly to shareholders. Bitcoin and Ethereum ETF products currently offer no comparable staking yield.
What are the key Solana price levels to watch? Support sits at $72, the level SOL needs to hold to maintain its recovery structure, with a deeper floor at $62–$66. Resistance sits in the $78–$85 zone, which would need to break with volume to confirm a stronger bullish reversal.
What are Alpenglow and Firedancer? Alpenglow is Solana's consensus overhaul, currently live on a test cluster and aimed at dramatically faster transaction finality. Firedancer is a new validator client developed by Jump Crypto, focused on improving network performance and reliability.
Is Solana still exposed to broader market risk? Yes. Despite its relative strength, Solana remains correlated to Bitcoin and broader crypto market conditions, and a portion of its on-chain activity depends on speculative memecoin trading that can decline quickly when sentiment shifts.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
The Miner Cycle Stress Composite, an on-chain indicator cited by CryptoQuant contributor gaah_im, has fallen to a new 2026 low and entered its “undervalued” range. The gauge combines the Puell Multiple, which compares current miner revenue with historical revenue trends, and an inverse miner capitulation measure designed to capture operational stress across the mining network.
The signal matters because miners are among Bitcoin’s most cyclical participants. They earn revenue in BTC but pay most of their costs, including electricity, hosting, debt service and equipment purchases, in fiat currency. When Bitcoin’s price weakens, transaction fees fall or network difficulty stays elevated, miner margins compress quickly. Higher-cost operators may then be forced to shut down machines, sell coins, restructure debt or delay expansion.
Historically, sharp declines in miner profitability and rising capitulation pressure have appeared near major Bitcoin cycle lows, including 2015, 2018, 2020, 2022 and 2024. The current reading has drawn attention because the composite is showing a level of stress rarely seen across Bitcoin’s history.
Rare Signal, Not a Simple Buy Indicator The comparison with previous cycle lows is important, but it should not be treated as a mechanical bullish signal. Bitcoin’s market structure in 2026 is very different from earlier cycles. Spot Bitcoin ETFs, institutional custody, public mining companies, derivatives liquidity and corporate treasury buyers now influence flows in ways that did not exist during the 2015 miner capitulation period.
Still, the reading suggests that the mining sector is under unusual pressure relative to recent history. That pressure has also been visible in network data. Bitcoin mining difficulty fell 10.09% at block 953,568 in June, dropping from 138.96 trillion to 124.93 trillion. It was one of the largest downward difficulty adjustments in Bitcoin’s history and showed that enough hashpower had left the network to slow block production during the prior adjustment period.
A difficulty decline can help surviving miners by reducing competition for block rewards, but it usually follows a period of acute stress. It indicates that weaker or higher-cost operators have already begun switching off machines, either because they are unprofitable or because cash flow has deteriorated.
Hashprice Pressure Drives Miner Capitulation Hashprice remains the clearest measure of miner economics because it reflects expected revenue per unit of computing power. When hashprice falls, miners earn less for the same amount of hashrate. That is especially painful after Bitcoin’s latest halving, which reduced the block subsidy and made transaction fees a more important source of marginal revenue.
Reports in June showed hashprice falling below levels that make older mining machines uneconomic, particularly for operators without access to cheap power. CoinShares previously estimated that 15% to 20% of the global mining fleet was unprofitable at depressed hashprice levels, with mid-generation machines requiring power below roughly $0.05 per kilowatt-hour to remain cash profitable.
The stress is widening the gap between efficient and inefficient miners. Operators with low energy costs, newer fleets and strong balance sheets can survive difficult periods and potentially gain market share. Weaker miners may need to sell Bitcoin, curtail operations or raise capital on unfavorable terms.
For Bitcoin investors, the signal is double-edged. Historically rare miner stress has often appeared near long-term accumulation zones, but it can also coincide with short-term volatility if miners sell reserves to cover costs. The key question is whether ETF demand, long-term holders and corporate buyers can absorb that supply before miner profitability normalizes.
Until hashprice recovers or difficulty adjusts further, miner stress is likely to remain one of Bitcoin’s most important on-chain indicators.
XRP is trading at $1.1463, up 9.54% over the past week as it tests a level that will determine whether its recovery from a near-$1.00 low is genuine or a short-lived bounce. The token remains roughly 70% below its all-time high of $3.84, reached on January 4, 2018, though recent price action has put it back at the center of market attention.
Key Takeaways XRP trades at $1.1463, up 9.54% on the week, after reclaiming the $1.10 level following a June low near $1.00 $1.16 is the resistance level analysts say must break with follow-through to confirm a genuine trend reversal Since 2020, XRP has never closed the month of July in the red — a six-year seasonal pattern Standard Chartered cut its 12-month XRP price target from $8 to $2.80, citing stalled ETF inflows A TD Sequential monthly buy signal is flashing on XRP alongside Bitcoin and Ethereum, an indicator some analysts read as a macro-reversal setup XRP Price Metrics MetricValuePrice$1.14637-Day Change+9.54%Market Cap$71.35 billion24h Volume$1.23 billionAll-Time High$3.84 (Jan 4, 2018)ATH Drop~70%Circulating Supply62.24B XRPMax Supply100B XRP Source: CoinMarketCap, Binance
XRP Price Analysis: The $1.10 Line Between Bounce and Recovery XRP’s price structure since late June tells a clear story. The token fell to within four cents of losing the $1.00 level, then reversed sharply — breaking above $1.07, pushing through $1.09, and now consolidating around $1.1463. What makes this level significant is technical: every bounce during the preceding correction failed below $1.10. A sustained close above it would represent the first higher structure XRP has printed in months, a meaningful shift after an extended sideways-to-down stretch.
Volume tells a supporting story. The rally has coincided with a market-wide short squeeze that wiped out an estimated $281 million in bearish positions, adding forced-buying pressure on top of organic demand. On the 4-hour chart, XRP has cleared its 7-day and 25-day moving averages, though the 99-day average remains a longer-term overhang that has yet to be tested.
Support and Resistance Levels LevelPriceSignificanceResistance 2$1.20Extended target if $1.16 breaks with follow-throughResistance 1$1.16Confirmation level for a genuine trend reversalCurrent Price$1.1463—Support 1$1.07First support from the recent breakout structureSupport 2$1.00Critical psychological floor; a break resets the recovery thesis entirely What Could Happen Next Bullish scenario: XRP holds $1.10 on daily closes and breaks through $1.16 with volume, opening a path toward $1.20 and validating the recovery as structural rather than a short-covering bounce.
Base scenario (most likely): XRP consolidates in the $1.07–$1.16 range through mid-July as the market awaits the CLARITY Act hearing on July 17 before committing directionally.
Bearish scenario: A break below $1.07 reopens the $1.00 test; a confirmed close under $1 would erase the higher-structure argument built over the past two weeks and point toward renewed downside toward the June lows.
Why XRP’s Price Is Recovering XRP’s price action is being shaped by both broad market tailwinds and asset-specific signals. On the macro side, Fed Chair Warsh’s dovish comments on inflation eased pressure across risk assets, while Bitcoin’s own reclaim of $61,000 — supported by five consecutive days of ETF inflows — lifted sentiment across majors, including XRP. For the latest on that move, see Bitcoin News Today.
On the asset-specific side, on-chain data shows new XRP wallet creation at a three-month high, alongside strengthening whale activity as large holders move coins off exchanges — typically read as an accumulation signal rather than a precursor to selling. Ripple’s RLUSD stablecoin has also quietly built more than $2.5 billion in settled volume on the XRP Ledger, adding a layer of real network utility that had been largely absent while price stayed range-bound through the spring.
XRP Price Seasonality: A Six-Year July Pattern A notable technical detail shaping current price expectations is XRP’s historical July performance. Since 2020, XRP has never closed the month of July in the red. Each instance of June weakness — including June 2026’s 22% decline — has been followed by either a relief bounce or the start of a broader trend reversal. The clearest historical example: June 2020 saw a 13.5% drop, followed by a 48% rally in July that ended a two-year downtrend. Six consecutive green Julys does not guarantee a seventh, but the pattern is a factor traders are actively weighing alongside this month’s already-positive start.
Institutional Price Targets: A Divided Outlook Analyst views on XRP’s price trajectory remain split. Standard Chartered, previously one of XRP’s most bullish institutional voices, cut its 12-month price target from $8 to $2.80, pointing to ETF inflows that have nearly stalled following a strong $1.3 billion launch. The bank’s revision underscores that institutional capital has not yet confirmed the retail-driven price recovery seen over the past two weeks. That divergence — between improving on-chain metrics and cautious institutional positioning — is a central reason the $1.10–$1.16 zone carries outsized importance heading into the July 17 CLARITY Act hearing.
XRP Price vs Other Major Cryptocurrencies At a $71.35 billion market cap, XRP ranks among the largest cryptocurrencies, though its price behavior differs meaningfully from both Bitcoin and Ethereum. Where Bitcoin’s price is increasingly shaped by spot ETF flows and Ethereum’s by network upgrade activity, XRP’s price remains unusually sensitive to regulatory catalysts — the pending CLARITY Act being the clearest current example. Compared to high-supply payment-focused tokens like TRON, XRP’s cross-border settlement narrative and growing RLUSD stablecoin activity give it a more differentiated utility case, even as both remain correlated to broader market cycles. For the latest headlines on XRP specifically, see XRP News Today.
Summary Table MetricXRPPrice$1.1463Market Cap$71.35 billion24h Volume$1.23 billionATH$3.84Supply Cap100 billion (fixed)ConsensusFederated Byzantine Agreement Compare Crypto Prices Today AssetPrice24h ChangeBitcoin (BTC)$62,647.69-0.32%Ethereum (ETH)$1,778.33-0.49%XRP$1.1463+0.47%Solana (SOL)$81.10-1.18%BNB$585.36+1.74%TRON (TRX)$0.3279+0.64% Where to Buy XRP XRP can be purchased on major centralized exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, and OKX. Long-term holders typically move XRP to self-custody wallets rather than leaving it on an exchange.
This article is for informational purposes only and does not constitute financial advice.
Frequently Asked Questions What is the price of XRP today? XRP is trading at $1.1463 as of July 6, 2026, up 9.54% over the past week after reclaiming the $1.10 level.
What is XRP's all-time high? XRP's all-time high is $3.84, reached on January 4, 2018. The current price represents a decline of roughly 70% from that peak.
What price level does XRP need to break to confirm a recovery? Analysts point to $1.16 as the key resistance level; a sustained close above it would confirm the first higher structure XRP has printed in months, distinguishing a genuine recovery from a temporary bounce.
Has XRP ever had a red July? Not since 2020. Every year since then, June weakness has been followed by a July relief bounce or the start of a broader trend reversal.
Why did Standard Chartered cut its XRP price target? Standard Chartered lowered its 12-month target from $8 to $2.80, citing ETF inflows that have nearly stalled after a strong $1.3 billion launch, signaling that institutional capital has not yet confirmed XRP's recent price recovery.
What could push XRP's price higher in July 2026? The CLARITY Act hearing on July 17 is the most significant near-term catalyst, alongside continued ETF inflow improvement and confirmation of the current technical breakout above $1.10.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Sen. Elizabeth Warren (D-Mass) accused President Donald Trump on Sunday of using the presidency to advance his family’s cryptocurrency interests rather than working to lower costs for the people.
Warren Suggests Conflict Of InterestWarren attached an infographic on X, presenting a timeline of Trump’s cryptocurrency policy decisions and the rollout of products from his family-owned businesses.
It then spotlighted the passage of the GENIUS Act in the Senate in June 2025, days after the launch of USD1. Trump would go on to sign the bill into law a month later.
Note that World Liberty Financial earns interest on the reserves backing the stablecoin. A Trump-affiliated entity, DT Marks SC LLC, which controls 38% of WLFI, has an “indirect economic interest,” according to the company’s website.
The disclaimer also states that none of its offerings are political or related to any political campaign.
“Donald Trump promised to lower your costs on day one. Instead, he’s busy using the presidency to boost his family’s crypto business,” the senior lawmaker said.
The White House didn’t immediately return Benzinga’s request for comment.
A White House spokesperson told Benzinga earlier that the Trump administration acts solely in the “best interest” of the American people and denied any conflict of interest for the president or his family.
Trump In The Eye Of The StormWarren’s allegations followed Trump’s disclosure that cryptocurrency ventures netted him roughly $1.2 billion in 2025, the very first year of his presidency.
Photo Courtesy: David Garcia on Shutterstock.com
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ONDO has returned to center stage in the crypto market after months of trading in a tight range, following a sharp correction. While assets seeing strong rallies are grabbing attention across crypto, some observers point out that ONDO may be quietly entering an accumulation phase—a pattern that typically precedes major price moves.
Technical signals suggest price compressionAnalyst Noncler highlights that ONDO has displayed limited movement over the past several months, interpreting this period of stagnation as a possible precursor to a price recovery. Analysis of trading charts shows ONDO losing 51 percent of its value during the winter of 2026, only to surge by 97 percent in the spring. Should buying momentum return, some estimate the token could see gains as high as 462 percent in the next cycle.
Noncler believes the months-long quiet in ONDO’s price action could signal the early stages of a rebound, suggesting the market is preparing for renewed growth.
A look at the weekly ONDO/USDT chart reveals that after breaking above the key resistance at $1.00 toward the end of 2025, the token lost steam. Throughout the subsequent downtrend, lower highs and lower lows underscored the persistent selling pressure shaping ONDO’s market trajectory.
Interest from buyers resurfaced in the early part of this year, with ONDO initially establishing support in the $0.22 to $0.30 range before rallying up to $0.45. Recently, price action has stabilized between $0.32 and $0.35, reinforcing expectations that a major move could be imminent.
Level TypeZoneResistance$0.45Resistance$0.60Resistance$0.80Resistance$1.00Support$0.30Demand zone$0.22–$0.25If positive momentum strengthens, analysts believe ONDO’s price could revisit the $1.20 to $1.30 range. On the downside, support levels are concentrated around $0.30, as well as the demand band between $0.22 and $0.25.
Tokenized stocks drive ONDO’s narrativeBeyond price charts, one of the main factors reinforcing market interest in ONDO is the adoption of real world assets on the blockchain. ONDO stands out as a leading platform for tokenizing traditional financial instruments, such as stocks or bonds, into blockchain-based representations.
Mini glossary: Real world assets refer to digital representations of traditional financial products—like stocks, bonds, or funds—on the blockchain. Tokenized stocks are versions of these assets that are tradeable on-chain.
Crypto analyst Niels argues that ONDO has evolved far beyond a mere real world asset token, becoming a dominant force in the tokenized equities market, now controlling nearly half of that niche. In his view, tokenized stocks and ETFs can now be traded 24-7; the on-chain infrastructure supports both liquidity and shareholder rights within a regulatory-compliant framework.
Niels emphasizes that ONDO controls almost half of the tokenized stock market, with stocks and ETFs now available for trading around the clock, and that its regulation-compliant infrastructure is fully integrated on-chain.
Both fundamentals and technicals shape price outlookMarket expectations for an ONDO recovery are not limited to technical indicators. The ongoing trend toward tokenizing real world assets and growing interest from banks and financial institutions in blockchain-based solutions could further strengthen ONDO’s core narrative in the coming years. Still, the high volatility and unpredictability that define the crypto space remain key factors tempering any price forecasts for the token.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
11 minutes ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
11 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
11 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
11 minutes ago
South Korea is pushing forward civil enforcement rules for virtual assets, with plans to allow courts to seize and liquidate crypto assets.
South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.
11 minutes ago
Garret Jin increases his short position on ZEC, with the position valued at $14.9 million.
According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
11 minutes ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
11 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
11 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
11 minutes ago
South Korea is pushing forward civil enforcement rules for virtual assets, with plans to allow courts to seize and liquidate crypto assets.
South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.
11 minutes ago
Garret Jin increases his short position on ZEC, with the position valued at $14.9 million.
According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.
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BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
11 minutes ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
11 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
11 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
11 minutes ago
South Korea is pushing forward civil enforcement rules for virtual assets, with plans to allow courts to seize and liquidate crypto assets.
South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.
11 minutes ago
Garret Jin increases his short position on ZEC, with the position valued at $14.9 million.
According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
11 minutes ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
11 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
11 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
11 minutes ago
South Korea is pushing forward civil enforcement rules for virtual assets, with plans to allow courts to seize and liquidate crypto assets.
South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.
11 minutes ago
Garret Jin increases his short position on ZEC, with the position valued at $14.9 million.
According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
11 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
11 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
11 minutes ago
South Korea is pushing forward civil enforcement rules for virtual assets, with plans to allow courts to seize and liquidate crypto assets.
South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.
11 minutes ago
Garret Jin increases his short position on ZEC, with the position valued at $14.9 million.
According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.
11 minutes ago
Analysis: Bitcoin rebounds, yet spot trading volume shrinks rapidly, with risks of long squeezes in derivatives accumulating.
Crypto analyst Murphy notes that as Bitcoin rebounded from $58,000 to nearly $64,000, its spot relative volume plummeted rapidly. A rebound unsupported by spot demand is unlikely to form the foundation of a trend reversal, often being merely a sentiment-driven recovery rally, so its sustainability demands close monitoring. On the positive front, the USDC/USDT exchange rate has retreated from 1.001 to 1.0006, signaling waning exit intentions and recovering trading activity. While major stablecoins on trading platforms still remain in net outflow, the outflow magnitude has continued to narrow, and this marginal improvement in funding conditions underpins the rebound’s continuation. However, the weakening of spot drivers means derivatives have gained relatively more weight. The 7-day average long premium for perpetual contracts has climbed steadily to $160,000 per hour, indicating taker buy orders have persistently pushed perpetual contract prices above spot levels. Open interest has declined somewhat but remains significantly higher than levels in February this year. The current long premium is still within a normal range, but as the rebound persists, the risk of a long squeeze will keep building. Once open interest rebounds again, fierce battles between bulls and bears will trigger faster and more violent volatility—a hidden risk that requires advance attention.
BNY Mellon: Urgency for further Federal Reserve tightening has diminished.
Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.
6 minutes ago
Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.
According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.
6 minutes ago
DeFi protocol Summer Finance hacked, $6 million in losses
According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.
6 minutes ago
JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.
JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.
6 minutes ago
South Korea is pushing forward civil enforcement rules for virtual assets, with plans to allow courts to seize and liquidate crypto assets.
South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.
6 minutes ago
Garret Jin increases his short position on ZEC, with the position valued at $14.9 million.
According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.
Analysis: Whales scoop up 270,000 BTC amid record ETF outflows, Bitcoin shows structural divergence signals
Against the backdrop of sustained outflows from U.S. institutional funds, Bitcoin whales have accumulated over 270,000 BTC (approximately $16.7 billion) over the past two weeks, forming a stark divergence from record outflows in U.S. spot Bitcoin ETFs. Analysis indicates this phase of divergence carries historical cyclical characteristics: while institutional capital retreats, long-term holders and whale accounts continue to accumulate, similar to the capital redistribution structures commonly seen near previous cycle bottoms. On-chain data shows that although the spot premium remains negative, indicating sluggish buying in the market, large wallets continue to add Bitcoin, placing the market in a structural phase of "institutional deleveraging and long-term capital accumulation."
South Korea plans to set up future fund with chip industry tax windfall
South Korea's Presidential Chief of Staff Kang Hoon-sik said on Sunday that the government plans to use the additional tax revenue generated by the semiconductor boom to establish a future fund for investing in economic growth engines, supporting the younger generation, and addressing growing social inequality. The government will use the "Future Response Fund" to support major national investment projects and enhance the country's long-term competitiveness. Kang stated, "At this critical juncture that will determine Korea's future, we must not waste the additional tax revenue brought by the semiconductor boom and other factors." Kang noted that the fund will be used to support the government's three major "super projects," cultivate new growth drivers, address what he calls "K-shaped" economic polarization, and provide housing, entrepreneurship, and employment support for people aged 20–39. The proposed fund is a cornerstone for realizing President Lee Jae-myung's goal of "making South Korea irreplaceable on the global stage," and he urged the government and ruling party to work closely and move quickly.
Analysis: AI semiconductor sector cools, Bitcoin rebounds — signs of capital rebalancing emerge in markets
The AI memory and semiconductor sector has recently seen a notable cooldown, while Bitcoin has rebounded from a recent low to above $61,000, sparking discussion on whether capital is beginning to rotate back into digital assets. Stocks such as SanDisk and Micron have recently lost significant momentum; the DRAM ETF has fallen roughly 25% from its mid-June high, and the SMH is down about 12%. Analysts point out that rising crowding in AI trades combined with pullbacks in some leading stocks is driving capital rotation within risk assets. While it is still hard to determine whether a sustained style shift is forming, against the backdrop of simultaneous cooling in the AI theme and a Bitcoin bounce, the market is showing early signs of rebalancing within risk assets.
Cisco unveils next-gen data center architecture Nexus One, rebuilding networks for AI
Networking giant Cisco officially announced the launch of its data center networking architecture Cisco Nexus One, positioned as an open network architecture designed for AI workloads and next-generation security threats, used to upgrade its long-evolving ACI system. Cisco stated that Nexus One will connect to Cisco's unified platform Cisco Cloud Control, aiming to enhance architectural flexibility, openness, and scalability while maintaining backward compatibility with existing systems. However, Nexus One is not a single product but an "architecture-level evolution" similar to ACI, with the focus shifting from early innovation to standardization and cross-ecosystem interoperability, to meet the complex networking demands of the AI/ML era.
"Machi Big Brother" deposits 10,000 USDC into Binance, sparking speculation "is he leaving the market?"
After depositing 2,000 USDC and 5,000 USDC into Hyperliquid, "Machi Big Brother" Huang Li-cheng leveraged and deposited 10,000 USDC into Binance. Analysts believe the concentrated transfers to different trading platforms in a short period are viewed by the market as a signal that his trading strategy may be changing, also triggering discussion on whether he is beginning to gradually "reduce his risk exposure."
Hong Kong Financial Secretary Paul Chan: 70% of offshore RMB settlement handled via Hong Kong, monthly settlement exceeds 41 trillion yuan
Hong Kong Financial Secretary Paul Chan published a blog post noting the continuous push for RMB internationalization and financial market interconnectivity to further consolidate Hong Kong's position as a global offshore RMB hub. Data shows that over 70% of global offshore RMB payments and settlements are currently handled through Hong Kong; the local banking system's RMB interbank settlement volume has exceeded 41 trillion yuan, equivalent to roughly 2 trillion yuan per day. As China expands high-level opening-up and enterprises accelerate global expansion, demand for RMB in cross-border trade, investment and financing, and fund settlement will continue to rise, driving further expansion of the offshore RMB market. In terms of policy support, the Hong Kong Monetary Authority, with assistance from the People's Bank of China, has introduced an RMB fund arrangement mechanism to reduce banks' costs in obtaining RMB funds to support trade finance and corporate operational needs, and several banks have already expanded related businesses accordingly. Going forward, Hong Kong will step up efforts to encourage enterprises to use more offshore RMB in trade and investment and deepen cooperation with regional central banks. Meanwhile, the upcoming Hong Kong Fixed Income and Currency Summit will also focus on discussions on the development direction of the offshore RMB and bond markets.
"Machi Big Brother's" 25x leveraged Ethereum long position nears liquidation line: just $28 away from liquidation
"Machi Big Brother's" 25x leveraged long position on Ethereum appears to be under extreme tension. Data shows the position size is about 9,000 ETH (approximately $15.84 million), with an average entry price of $1,721.04. The current price is around $1,760.30, showing an unrealized profit of about $353,000 and a return rate of approximately 55.7%. However, its liquidation price sits at $1,731.95, only about $28 away from the current price. A minor market pullback could risk forced liquidation. In the highly volatile crypto market, the exposure of this position has quickly drawn attention, and the market is watching whether he will choose to take profits early or continue to hold and gamble.
Suspected insider address starts selling after buying meme coin CZ, cumulative profit around $374,000
A suspected insider address accumulated at a low point when CZ's market cap was only around $150,000 and has now begun to sell. Address 0xf34…fddee spent only $756.8 yesterday to buy 5.108 million CZ tokens at an average cost of approximately $0.0001481. Ten minutes ago, the address sold 25% of its holdings at $0.06853 per token, making a profit of about $87,000. Currently, the address's cumulative profit — including unrealized gains — has reached approximately $374,000, representing a return as high as 49,421.1%.
AI investment research platform LinqAlpha closes $22 million Series A round led by AVP and others
New York-based AI investment research platform LinqAlpha announced the completion of a $22 million Series A funding round, led by AVP, Atinum Investment, and GFT Ventures, with participation from multiple financial and venture capital institutions from Asia, Europe, and the U.S., including Mirae Asset Venture Investment, Hana Ventures, and Shinhan Venture Investment. The total funding to date reaches $28.6 million. The company provides an AI-powered market intelligence platform for institutional investors, helping investment teams process complex market information through dedicated AI agents. The new funds will be used to strengthen market data integration and expand application scenarios to equities, macro, credit, and multi-asset investment strategies.
Data: Tokens such as PUMP, HYPE, APT set to face major unlocks next week, with PUMP unlocking approximately $125 million in value
According to data from Token Unlocks, tokens including PUMP, HYPE, APT and others will see significant unlocks next week, including: Pump.fun (PUMP) will unlock approximately 82.5 billion tokens at 10:00 PM Beijing time on July 12, representing about 29.23% of the circulating supply, worth about 125 million USD; Hyperliquid (HYPE) will unlock approximately 452,000 tokens at 8:00 AM Beijing time on July 6, representing about 0.2% of the circulating supply, worth about 30.9 million USD; Aptos (APT) will unlock approximately 11.31 million tokens at 10:00 PM Beijing time on July 12, representing about 0.66% of the circulating supply, worth about 6.9 million USD; RedStone (RED) will unlock approximately 40.85 million tokens at 0:00 AM Beijing time on July 7, representing about 9.8% of the circulating supply, worth about 4.1 million USD; Movement (MOVE) will unlock approximately 165 million tokens at 8:00 PM Beijing time on July 9, representing about 4.29% of the circulating supply, worth about 2 million USD; Linea (LINEA) will unlock approximately 1.08 billion tokens at 7:00 PM Beijing time on July 10, representing about 3.63% of the circulating supply, worth about 2.7 million USD; io.net (IO) will unlock approximately 13.29 million tokens at 8:00 PM Beijing time on July 11, representing about 3.61% of the circulating supply, worth about 2.3 million USD.
Opinion: Warsh's Tight-Lipped Style Makes the Fed's June Meeting Minutes Even More Important
George Goncalves, Head of US Macro Strategy at MUFG Securities Americas, said that Warsh's succinct style makes the June meeting minutes carry more weight than usual, providing a valuable perspective to observe the differing stances among Fed officials. "The minutes will become more important because, so far, we don't know what the Fed is thinking. Seeing how they debate and what they focus on will be very enlightening." George Goncalves added that some investors have already questioned Warsh's "hands-off" approach, and many hope to restore greater transparency. Many market participants are not used to reduced information, and there remains a considerable degree of skepticism about how long the Fed can maintain this. Now we can only read between the lines.
A Small Address Makes 490x Profit: Meme Coin CZ Position with Unrealized Gains Over $210,000 Still Not Taken Profit
An early small wallet has achieved astonishing returns in Meme coin CZ trading and has not sold any tokens yet. The address initially invested about $436.76, and now the position value has increased to approximately $214,300, with an overall return of about 490x, currently still holding the full position of about 3.2 million CZ.
Bloomberg Analyst: June ETF Market Posts Insane Data, Inflows and New Launches Both Explode
Bloomberg Senior ETF Analyst Eric Balchunas wrote in an analysis that the ETF market exhibited a "JUNE-SANITY" level of performance in June, with multiple indicators approaching or setting historical records. Data shows that monthly net ETF inflows reached $191 billion, marking the second-highest single-month level in history, with an average daily inflow of about $9 billion, covering around 2,700 different funds. Meanwhile, the number of new ETF product launches in June reached 214, approximately 10 per day, significantly setting a new historical record. In addition, monthly ETF trading volume reached $7 trillion, the second-highest level in history. Eric Balchunas concluded that this series of data reflects a broad-based explosion in the ETF market across fund inflows, new product launches, and trading activity.
Analysis: AI Compute Market Undergoing Rotation, Funds Flowing from Memory Chips to Cloud Providers
"1011 Insider Whale" representative Garrett Jin wrote in an analysis that the market structure saw a notable shift this week, with funds being reallocated within the AI industry chain. Signs of a near-term top in the memory chip market emerged, as Micron's stock price faced resistance and pulled back around the $1,250 level. Despite better-than-expected earnings, the stock fell on heavy volume, exhibiting the classic topping pattern of "selling on good news." SK Hynix and Samsung Electronics in the South Korean market also weakened, with data showing that foreign investors have withdrawn over 100 trillion won (approximately $65 billion) from the Korean stock market in the past two months. The true recipients of these funds are not small- and mid-cap AI concept stocks but rather core cloud computing giants represented by Google, Microsoft, and Amazon. Garrett Jin believes that the logic behind this round of capital migration is the "Token Optimization Trend": as more simple tasks are handled by low-cost models, value will gradually concentrate in the cloud service layer rather than the foundational model layer, which also constitutes the core moat for hyperscale cloud providers.
New A-Share Trading Rules Officially Implemented on July 6: Involving Multiple Core Adjustments Including Expansion of After-Hours Fixed-Price Trading
The newly revised A-share trading rules, synchronously amended by the Shanghai, Shenzhen, and Beijing stock exchanges, will officially take effect on July 6, 2026, covering multiple trading mechanism optimizations. According to the revised trading rules, the core adjustments by the three exchanges are as follows:
Key Revisions on the Shanghai Stock Exchange (SSE): First, the applicable securities scope for after-hours fixed-price trading (AFT) will be expanded from STAR Market stocks to all A-shares and Exchange-Traded Funds (ETFs). Second, the trading method during the fund closing stage will be changed from continuous auction to closing call auction, with the closing price generated through call auction. Third, the price limit range for main board stocks under risk warning will be adjusted from 5% to 10%. In addition, adaptive revisions will be made based on rule changes and business needs, including optimizing disciplinary actions and related provisions, and refining the wording of certain rules. Key Revisions on the Shenzhen Stock Exchange (SZSE): First, introduce a market maker system on the ChiNext Board. Second, adjust the confirmation time for block trading via negotiation for ChiNext stocks. The confirmation time for such trades will change from 15:00–15:30 to 9:30–11:30 and 13:00–15:30. Third, expand the applicable scope of after-hours fixed-price trading. The eligible securities for AFT will expand from "ChiNext stocks" to "A-shares and Exchange-Traded Funds." Fourth, optimize self-regulatory measures and disciplinary action arrangements. Fifth, consolidate the provisions related to the price limit range for main board risk-warning stocks, adjusting the limit from 5% to 10%. Key Revisions on the Beijing Stock Exchange (BSE): Introduce after-hours fixed-price trading for stocks; adjust the block trading price range for stocks without price fluctuation limits; clarify trading rules for risk-warning stocks and delisting consolidation stocks; add regulatory arrangements for severe abnormal fluctuations, etc. At the same time, the BSE will also adjust the wording and structural layout of its rules. Iran's Parliament Speaker: Reaching a Consensus with the US is Possible
According to Jinshi, citing Saudi media Al-Hadath: Iran's Parliament Speaker Qalibaf stated that Iran believes that despite the difficulties, reaching a consensus with the United States is possible.
Dragonfly Partner Haseeb: The Nature of VVV is Misunderstood, Venice is a Company, Not a Decentralized Network or On-Chain Protocol
Dragonfly Partner Haseeb posted a video on X stating that Venice is essentially a company, not a decentralized network or on-chain protocol, and the vast majority of its customers are not crypto users. There is a clear misunderstanding in the market regarding its token VVV: VVV does not represent company equity, nor does it possess attributes similar to "network equity." Even after the airdrop, the company founders still invest millions of dollars of their own funds to operate, and have not raised funds by selling tokens. Haseeb pointed out that no founder would give away 50% of the company's equity for free in the early stages, and the narrative that equates tokens with equity does not hold up logically. He also dismissed claims of "unclear information," saying that the project team has always clearly defined VVV's positioning. He further drew an analogy, stating that VVV is closer to a functional asset like BNB: it is used to pay for subscription services, access compute power (DIEM), and product permissions, while a portion of the revenue is used for buybacks, but it does not constitute a representation of company equity. Haseeb emphasized that the complexity of VVV's valuation stems from the overlap of its multiple functions, but this does not change its fundamental positioning as a "non-equity, non-network asset."
A Trader Deposited $171,000 into Hyperliquid Over the Past 21 Hours and Opened a 15x Leveraged BTC Short
Trader 0x8853 has injected a total of approximately $171,780 into a Hyperliquid trading account over the past 21 hours, with the latest deposit of $50,000 occurring about 50 minutes ago. Subsequently, the trader opened a 15x leveraged Bitcoin short position, sized at about 38.08 BTC (approximately $2.39 million), with an opening price of $62,720. The current mark price is $62,790, and while there is still some distance to the liquidation line of $66,000, the position has already begun to show unrealized losses. Data shows that the current unrealized loss for this position is around $2,760, with a return rate of -1.73%, while the historical cumulative PnL has expanded to approximately -$389,700, indicating that the overall trading record remains in a loss.
New Mac Malware "PamStealer" Disguises as Clipboard Tool to Steal Passwords
Cybersecurity firm Jamf Threat Labs has discovered a new Mac info-stealer named PamStealer, which spreads by masquerading as a counterfeit version of the open-source clipboard manager Maccy. The malware uses spoofed websites to trick users into running an AppleScript file containing malicious code, and leverages macOS Pluggable Authentication Modules to authenticate and steal user passwords. To evade detection by security tools, PamStealer uses JavaScript and macOS APIs to download a second-stage payload. The second stage is a Rust-based binary disguised as Finder or Software Update, capable of stealing browser credentials and Keychain data, monitoring clipboard content, and establishing persistence. The malware also pops up a fake Finder alert 40 minutes after infection to trick users into granting full disk access, thereby expanding its reach. Jamf has not yet found evidence of the malware being active in the wild, but has notified Apple. The researchers also found sponsored ads from verified accounts on X platform distributing similar malware.
Reform UK leader Farage exposed for failing to declare funding from crypto gambling figure with fraud conviction
Reform UK leader Nigel Farage failed to properly declare financial support for security, a driver, social media staff and accommodation provided by George Cottrell before being elected as an MP in 2024. Cottrell previously served eight months in the U.S. for wire fraud, later becoming a key figure on the crypto gambling platform Tether.bet. Farage only declared a trip to Belgium worth £9,253 and flight donations worth £15,276 funded by Cottrell, while omitting the security costs already paid by Cottrell. Farage is already facing a parliamentary standards investigation for failing to declare a personal donation of about £5 million from Tether shareholder Christopher Harborne; his spokesperson denied wrongdoing, saying the support occurred before Farage became an active political figure.
Analysis: Bitcoin Miner Cyclical Pressure Composite Index drops to 2026 low, entering historically undervalued territory
The Bitcoin Miner Cyclical Pressure Composite Index has fallen to a new low in 2026, entering historically "undervalued" territory. The indicator combines the Puell Multiple and the Inverse Miner Capitulation Index, which respectively measure miner revenue and cost dynamics. Historically, their synchronous signals have had strong indicative significance for Bitcoin cycle bottoms. Previous synchronized collapses of this composite index occurred near major Bitcoin bottoms in 2015, 2018, 2020, 2022 and 2024. The only prior time this composite index hit 0.00 was during the capitulation in 2015, when Bitcoin fell from about $300 to $160 within a week. The recurrence of similar behavior by this indicator in 2026 signals that miner stress has once again reached historically rare levels.
Analyst: Bitcoin Sharpe ratio briefly dips below -20, extreme pessimism may signal bottom building
CryptoQuant analyst Darkfost pointed out that Bitcoin's Sharpe ratio has once again hit extreme negative territory, dipping below -20 before rebounding slightly. The Sharpe ratio measures the relationship between investment risk and return; a negative value implies higher risk relative to current returns, consistent with Bitcoin's third consecutive quarterly decline (latest quarterly drop of 16.1%). Historically, such extreme pessimism periods tend to last weeks to months and correspond to a new bottom-building phase, followed by a price relaunch. The analyst said the data suggests we are approaching this phase, but cautioned that this is a long-term timeframe observation.
Coinbase prediction market AI alert falsely reports World Cup result before match, sparking user criticism
Last weekend, an AI alert on the Coinbase prediction market erroneously announced a World Cup match result, pushing a false score of Norway 3-2 Brazil before the match even started, sparking user criticism. Coinbase CEO Brian Armstrong responded that the team is investigating the matter. The error occurred amid Coinbase's heavy promotion of prediction markets as the "ultimate truth tool"; Armstrong once said, "When real money is involved, the results are far more reliable than traditional media." Coinbase has previously sparked controversy over AI coding tools and push notification targeting errors, and this incident again raises questions about AI safety guarantees in financial products.
Meme coins' share of altcoin market cap falls to 3.7%, lowest since February 2024
CryptoQuant data shows that Meme coins' share of altcoin market cap has fallen to 3.7%, the lowest level since February 2024, while the number of holders also hit a three-year low. This ratio exceeded 10% in November 2024 and has since continuously retreated. Capital is flowing from Meme coins into utility tokens such as AI, RWA and DeFi. The total market cap of Meme coins is about $28 billion, while RWA tokens have exceeded $64 billion. Dogecoin remains the largest Meme coin, with a market cap of about $12.1 billion, accounting for nearly half of the entire sector. Renowned Meme coin advocate Murad Mahmudov has held his Meme coin portfolio for over two years without selling since his Token2049 speech in 2024, but it has fallen about 81% from its peak. Political Meme coins have plunged even deeper; the TRUMP token has fallen from $73 to around $1.71, a drop of about 98%, and MELANIA is down about 99%.
New York Times: Nearly one million TRUMP meme coin investors accumulated $3.81 billion in losses by end of June
Data from crypto analytics firm Nansen shows that nearly one million TRUMP Meme coin investors accumulated losses of $3.81 billion by the end of June, with approximately 989,000 wallets in a losing position, accounting for about two-thirds of total buyers. The token has now fallen 97% from its peak. Meanwhile, about 500,000 wallets profited from the TRUMP token, totaling about $4 billion. The Nansen report noted that these profits "reflect a small number of early buyers reaping huge gains, while the vast majority of retail investors bore the losses." Trump himself profited $636 million from the meme coin, with total 2025 earnings from all his business ventures reaching at least $2.2 billion.
"Garrett Jin whale entity" increases ZEC short position to $15.08 million, with unrealized loss of $530,000
The "Garrett Jin whale entity" added to its ZEC short position an hour ago, nine days after opening the initial short. It currently holds a ZEC short position worth $15.08 million, with an average entry price of $444 and an unrealized loss of $530,000. Its two previous ZEC trades were profitable: the first, in late May, opened a $36 million ZEC short at $626 and closed with an $11.24 million profit after a crash triggered by a ZEC vulnerability incident; the second opened a $22 million ZEC long position at $439 and closed at $447 for a $420,000 profit. Additionally, the unrealized loss on its BTC long position has narrowed from $23 million to $16 million following BTC's recent rebound of more than $5,000.
New wallet withdraws 323.72 BTC worth $20.59 million from Binance in the past hour
A newly created wallet withdrew 323.72 BTC worth $20.59 million from Binance in the past hour.
Address swaps $2.01M worth of ETH for only $14,000 in LIT, losing nearly $2 million
An address swapped 1,126.44 ETH (approximately $2.01 million) for only 5,776 LIT (about $14,208), losing nearly $2 million.
EthLabs: Advancing recruitment, funding, and zk-based asynchronous cross-chain interoperability
Ethereum ecosystem research organization EthLabs posted that Ethlabs has entered its second week of launch and is advancing team recruitment and fundraising. The team plans to expand to about 10 people in the near term and about 20 in the mid-term, having received over 300 applications. On the fundraising side, it has received initial support from Bitmine, Sharplink and Joseph Lubin and is seeking 1-2 additional anchor funders. Technically, Ethlabs is accelerating zk-based asynchronous cross-chain interoperability, believing that more secure cross-chain bridges will give issuers confidence to widely distribute assets across the network, while also keeping an eye on the Fast Confirmation Rule's improvement of L1-to-L2 link latency. Additionally, the team is discussing PropAMM execution optimization on L1 with multiple teams and monitoring governance dynamics around ENS as a key Ethereum infrastructure.
Clarity Act fails to be signed by July 4, Senate recess on August 7 becomes key deadline
<markdown> The Clarity Act failed to be signed into law by July 4, but all sides remain optimistic about its passage this year. Behind the scenes, staffers are coordinating differences between the versions from the Senate Agriculture Committee and the Senate Banking Committee, and Senate leadership still needs to decide when to bring the bill to a floor vote. The main obstacle remains concentrated on the ethics provisions. Trump's financial disclosure shows he earned approximately $1.4 billion in profits from the crypto industry in 2025, giving Democrats a basis to push the ethics provisions, but this has not changed the nature of the negotiations — Senators Gallego and Alsobrooks have already made clear they will not support the bill's passage until an agreement is reached to restrict government officials from profiting off crypto. In addition, the Supreme Court's ruling that the president may freely fire commissioners of independent agencies has added another variable. In terms of the time window, a key date is before the Senate recess on August 7, while the House faces procedural paralysis and uncertainty remains over whether Trump would sign the bill. </markdown>
