Track market-moving stories before they get noisy

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>

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Bitcoin (BTC) steadies above $63,000 at press time on Monday following a five-day recovery stretch last week, totaling roughly 7% gains. Easing risk-off sentiment in the broader market supports the mild recovery in action, with Pump.fun (PUMP) and Hyperliquid (HYPE) leading gains over the last 24 hours. 

Crypto market sentiment regains strengthThe broader crypto market sentiment shows a mild recovery, with Bitcoin’s rebound from $60,000 last week. US Federal Reserve Chairman Kevin Warsh said inflation risk had eased last week, citing the ongoing ceasefire and improved transit through the Strait of Hormuz. CoinMarketCap’s Fear and Greed Index rises to 29 on Monday, up from 17 last week, indicating risk-off sentiment easing from “Extreme Fear” to “Fear.”

Fear and Greed Index. Source: CoinMarketCapBitcoin’s recovery approaches 50-day EMABitcoin hovers above $63,000 at press time on Monday, with a mild near-term bullish bias emerging after five consecutive days of recovery. The King Crypto approaches the 50-day Exponential Moving Average (EMA) at roughly $65,766, which is well under the 200-day EMA near $75,717.

From a technical perspective, BTC should clear the 50-day EMA at $65,766 for a sustained upward trend, targeting the previous swing high at $67,292, followed by the $70,000 round figure.

The Relative Strength Index (RSI) at 51 hovers slightly above the neutral midline, and the Moving Average Convergence Divergence (MACD) is rising above its signal line, suggesting mild upside momentum but not yet sufficient to overcome the prevailing overhead supply.

BTC/USDT daily price chart.On the downside, immediate support is seen at the horizontal floor around $60,000, where a break would likely expose further weakness and deepen the current corrective phase.

Renewed uptrend in PUMP nears 100-day EMAPump.fun extends gains on Monday after gaining roughly 5% the previous day. The token launchpad token rises above the 50-day EMA at $0.001570, targeting the immediate 100-day EMA at $0.001728.

PUMP holds above the 50% retracement level, measured over the recent downswing from $0.002252 to $0.001151, at $0.001610. A decisive close above $0.001728 could extend the recovery to the 78.6% Fibonacci retracement level at $0.001951.

A steady recovery in the MACD and signal line with an expanding positive histogram suggests a surge in buying pressure.

PUMP/USDT daily price chart.On the downside, immediate support clusters between the 50-day EMA at $0.001570 and the 50% retracement level at $0.001610, followed by secondary floors at $0.001349 and $0.001151 if selling pressure resumes.

Hyperliquid tests a triangle pattern breakoutHyperliquid hovers above $70 on Monday, edging higher after 2% gains the previous day. The recovery tests a near-term resistance trendline, where a decisive close above it would confirm a bullish breakout of a symmetrical triangle pattern.

The R1 Pivot Point at $77.12 would serve as an initial target, followed by the R2 Pivot Point at $89.18.

The MACD histogram has turned positive and is expanding as the average lines rise following a bullish crossover on Saturday, suggesting buyers retain control.

HYPE/USDT daily price chart.On the downside, immediate support is located at the center Pivot Point at $64.89, near the rising support trendline around $65.00.

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

There are no major market-shaking reports due this week, which is largely dominated by more labor market data. 

Crypto markets have had a positive weekend, holding on to and marginally improving gains made late last week.

The next seven days will see the release of the Federal Reserve’s minutes from its last meeting, which could shed more light on the direction of monetary policy as inflation continues to climb.

Meanwhile, the US stock market capitalization topped $80 trillion, setting a new record, and now accounts for around 48% of global market cap.

“We expect another volatile week ahead as markets brace for earnings season,” said the Kobeissi Letter.

Economic Events July 6 to 10 June S&P Global Services purchasing managers’ index (PMI) data is due on Monday, painting a broader picture of economic activity. This report is followed on Tuesday by ADP Employment Change data.

Wednesday will see the FOMC minutes, the first for new Chairman Kevin Warsh. The central bank held rates steady, but inflationary pressures from higher energy prices could prompt it to raise them.

“I think it’s going to be interesting to see how the discussion went around the table, how incrementally hawkish are they leaning,” said Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments.

“That’s what investors ‌and markets ⁠are going to be wondering: What is this new Fed chairman and updated (Fed policymaking body) looking for to decide the path of rates from here?”

Initial Jobless Claims data is due on Thursday, while full-time employment dropped by 514,000 in June to its lowest since December 2024. “The weakness in the US labor market is accelerating,” said Kobeissi.

You may also like: June 2026 Market Recap: Bitcoin Hits 2-Year Low as ETFs Bleed $8.9B Bitcoin (BTC) Flashes 3 Bullish Signals: $65K Incoming? Bitcoin Reclaims $60K as SOL, BCH Lead Alts Higher (Market Watch) Key Events This Week:

1. June S&P Global Services PMI data – Monday

2. ADP Employment Change data – Tuesday

3. Fed Meeting Minutes – Wednesday

4. Initial Jobless Claims data – Thursday

5. June Existing Home Sales data – Thursday

6. IEA Monthly Report – Friday

We are one…

— The Kobeissi Letter (@KobeissiLetter) July 5, 2026

Also this week, SpaceX (SPCX) is set to join the Nasdaq 100 index, and another quarterly earnings season will begin this month.

Crypto Market Outlook Crypto markets are holding gains this Monday morning in Asia, with total capitalization up 1.1% on the day to $2.26 trillion.

Bitcoin is leading the pack with a 2.7% gain over the weekend to reach $63,700 on Monday morning, its highest level for two weeks after its worst month for four years.

Ether prices did even better, with a 14% gain over the past week, closing in on $1,800 in early trading on Monday.

Altcoins were predominantly green at the time of writing, with Hyperliquid and Canton outperforming.

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In recent weeks, the volume of assets transferred by major Bitcoin holders to Binance has dropped sharply. On-chain data reveals that wallets commonly referred to as “whales” sent significantly fewer BTC to the exchange compared to mid-June, while inflows from smaller investors also declined, though to a lesser extent.

Whale deposits decelerateAccording to analytics platform CryptoQuant, the 30-day moving sum of Bitcoin whale inflows to Binance stood at approximately $7.04 billion on June 12. By July 6, this figure had declined to $4.65 billion, marking a reduction of $2.39 billion, or 34%. CryptoQuant specializes in monitoring on-chain metrics and exchange flows within the digital asset sector.

Mini glossary: On-chain data refers to metrics obtained directly from recorded transactions on the blockchain. Exchange inflow data tracks the amount of assets moved from personal wallets to trading platforms.

Individual investors also sent fewer Bitcoins to Binance over the same period. Retail inflows fell from $10.02 billion to $8.20 billion, representing a decrease of $1.82 billion, or around 18%.

CategoryJune 12July 6ChangeWhale inflows$7.04 billion$4.65 billion-34%Retail inflows$10.02 billion$8.20 billion-18%The decrease in the rate of Bitcoin transfers to Binance by large wallets points to a sharper pullback among whales compared with smaller investors.

The gap between investor groups widensOver the last month, the behavioral gap between whales and retail investors has become more pronounced. Retail traders maintained a larger share of total exchange inflows, with the difference between groups widening from $2.98 billion in mid-June to $3.55 billion at the start of July.

Transfers of crypto assets to exchanges are closely watched as a sign of whether investors are preparing to trade or possibly sell. While moving assets to an exchange does not automatically signal an intent to sell, the decline in whale inflows could indicate that major holders are preparing less actively for potential sales.

A reduction in the amount of Bitcoin sent to exchanges, particularly by major holders, is seen as a signal that near-term selling pressure may ease.

Market awaits further signalsThe main question in the coming period is whether this downturn reflects a temporary pause or the start of a more lasting trend. If whale inflows remain near $4.65 billion or fall further, it may reinforce the assessment that large Bitcoin holders are taking a more passive stance on Binance.

Conversely, any renewed uptick in whale deposits would suggest that big investors are again positioning their assets closer to trading platforms. Such shifts are tracked as potential indicators of changing market sentiment.

Current data suggests individual investors continue to use Binance relatively steadily, while major Bitcoin holders have become more cautious in transferring their assets. This could point to either a growing preference for long term holding or a short term period of waiting and observation.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Here are the next major obstacles on BTC's path forward.

The gradual price recovery that began in early July continued over the past 12 hours or so, as bitcoin jumped to $64,000 for the first time in almost two weeks.

Although it was stopped there for now, analysts seem more confident that the overall market environment has improved and outlined the cryptocurrency’s next big resistance lines.

What’s Next? It was less than a week ago, on July 1, when the largest digital asset slipped below $58,000 for the first time in nearly two years as the bear-dominated price moves continued to dominate. However, after losing roughly $25,000 in a month and a half, the bulls finally reemerged and halted the freefall.

Bitcoin rebounded in the following days, which culminated earlier this morning with a jump to $64,000 on most exchanges. This $6,000 increase in days meant that BTC had tapped its highest price tag since June 23.

Michaël van de Poppe weighed in on the asset’s performance over the weekend, calling it “solid price action.” He believes bitcoin needs to paint a higher low and reassured that even another correction to $59,000 would be considered mild and weak at this point. However, BTC’s breakout could begin if it maintains above $61,000-$61,500, which could open the door for a run toward $70,000.

Merlijn The Trader outlined $67,000 as the most crucial level for BTC. He explained that the cryptocurrency needs to decisively reclaim it, which would solidify the escape from its bear market phase. If reclaimed, the analyst said he will turn bullish as the trend will flip. However, another rejection there would probably mean more downside first.

One Bitcoin level separates the bear market from the reversal: $67K.

A bullish falling wedge is pressing against resistance right now.

Break and close above: I turn bullish. The trend flips.

Rejection: more downside first and I’ll say it just as loud.

No guessing. No hoping.… pic.twitter.com/qMlVw3yYAE

— Merlijn The Trader (@MerlijnTrader) July 5, 2026

You may also like: June 2026 Market Recap: Bitcoin Hits 2-Year Low as ETFs Bleed $8.9B Bitcoin (BTC) Flashes 3 Bullish Signals: $65K Incoming? Bitcoin Reclaims $60K as SOL, BCH Lead Alts Higher (Market Watch) Fear and Greed Index Improves The metric measuring the overall market sentiment toward BTC dropped hard over the past few weeks alongside the asset’s price. It dumped to ‘extreme fear’ levels of around 11 on July 1 when the cryptocurrency bottomed (for now) at $57,700.

However, it has followed bitcoin’s gradual price recovery and now sits at 24. Although fear continues to dominate investors’ feelings, the swift rebound highlights early signs of potential market reversal, as the metric hasn’t been at 24 or above in over a month.

Bitcoin Fear and Greed Index. Source: Alternative.me Tags:

Bitcoin traded around $63,173 on the first business day of the week after a volatile session. The leading cryptocurrency fluctuated between $62,468 and $63,874 throughout the day, with the $63,500 zone drawing particular attention for its short-term significance. Market participants are now watching closely to see if this support will hold and whether the price can regain momentum towards $65,700.

ETF Inflows Bolster Short-Term OutlookSpot Bitcoin ETFs listed in the US recorded a net daily inflow of $221.7 million, snapping a 10-day streak of outflows and marking the strongest daily inflow seen in nearly two months. With June’s weak performance pressuring institutional sentiment, this shift stood out as a notable change for the market and suggested renewed investor interest.

Glossary: A spot Bitcoin ETF is an investment fund that tracks the actual price of Bitcoin and is traded on traditional stock exchanges. These products allow institutional and individual investors to gain exposure to Bitcoin prices without having to hold the underlying cryptocurrency directly.

Bitcoin’s movement back above the $63,500 mark coincided with these new ETF inflows. The analyst known as That Martini Guy remarked that an initial pullback from this region should be seen as typical; in markets, previous resistances are rarely overcome on the first attempt.

That Martini Guy emphasized that the critical development was Bitcoin reclaiming $63,500 as a support level after several weeks, and maintained that as long as this support holds, a continued attempt at an upward move remains possible.

The short-term technical picture remains closely tied to whether buyers can defend this region. Consistent price action above $63,500 could put $65,700 back in focus, while a loss of support might trigger a retest of the $61,000 zone.

Short Covering Fuels Upward MomentumNot just spot market demand, but derivatives activity also played a role in Bitcoin’s climb. As the price pushed above $62,000, some investors holding short positions were forced to cover, amplifying the speed of the intraday rebound through mandatory purchases.

Nevertheless, the overall picture remains fragile. While Bitcoin has reclaimed a key support area, the strong resistance that turned away the last rally has yet to be broken. A lasting recovery will require stability in trading volumes and sustained buying activity.

Holding above $63,500 reinforces the short-term structure. However, unless the resistance near $65,700 is convincingly surpassed, it is too early to call the move a firm turnaround.

US Data Eases Rate Hike ExpectationsA further factor supporting Bitcoin came from the latest US economic data. Non-farm payrolls in June rose by 57,000, well below the 110,000 forecast. The prior month’s figures were revised downward, and the unemployment rate dipped to 4.2% amid a decline in labor force participation.

This set of data eased concerns that the Federal Reserve would raise interest rates in the near term. Yields on US bonds fell and the dollar weakened, providing a backdrop that encouraged appetite for risk assets. Bitcoin, as a non-yielding asset, benefited from this environment.

Focus Shifts to Fed Minutes and US ReportsLooking ahead, forthcoming data releases could also influence market pricing. Investors will be watching for the Federal Reserve’s June meeting minutes on Wednesday. Other key data points include the services sector PMI, the ADP employment report, and weekly jobless claims, all of which could shape interest rate expectations.

Currently, the market is balancing two opposing dynamics. The renewed ETF inflows and Bitcoin’s recovery of the $63,500 support provide fuel for potential upside, while June’s heavy outflows, limited liquidity, and increased regulatory pressure in Europe encourage ongoing caution. Maintaining levels above $63,500 puts $65,700 within reach, but a downward break puts the $61,000 area back in play.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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BNY Mellon: Urgency for further Federal Reserve tightening has diminished.

Jeff, Senior Macro Strategist at the Bank of New York Mellon, pointed out that weak U.S. labor data and improved inflation metrics have reduced the urgency for the Federal Reserve to implement further monetary tightening. However, this does not resolve lingering questions about whether the growth slowdown is within a controllable range or whether policy expectations have been overly adjusted. He remarked, “The global narrative is growing less unified.” In the U.S., the key question is whether the Federal Reserve can maintain patience without inflation risks reemerging; in Europe, meanwhile, the focus of discussions has shifted from urgent inflation management to issues including economic growth, fiscal credibility, and defense financing.

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Recently, only two whales on Hyperliquid have completed position building for MU, with the average entry price for long positions standing at $1,019.

According to Hyperinsight’s monitoring, following the U.S. stock market’s closure for Independence Day last Friday, U.S. stock trading volumes slowed sharply over the weekend, with MU’s 24-hour volume reaching just $99 million. Only one whale built and held a MU (Micron Technology) position on Hyperliquid over the weekend. This whale’s address (0x93c) was created three days ago and currently only engages in long MU trades on Hyperliquid. Approximately three hours ago, the address opened another long position of 1,319.5 MU with 7x leverage, worth roughly $1.33 million, at an average entry price of $1,002 and a liquidation price of $904. Separately, only one whale also opened a MU position during last Friday’s market closure and has held it since. This whale currently holds a long position valued at approximately $8.31 million, with an average entry price of $1,036, and is currently in a slight unrealized loss.

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DeFi protocol Summer Finance hacked, $6 million in losses

According to Blockaid's monitoring, DeFi protocol Summer Finance is under ongoing attack, with approximately $6 million in assets stolen so far.

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JPMorgan Chase maintains an "Overweight" rating on Tencent, with a target price of HK$690.

JPMorgan said in a report that uncertainties surrounding Tencent’s WeChat AI Agent include whether it can fully integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system accessible to AI Agents without relying on existing e-commerce platforms to open inventory. With Tencent launching the beta test for WeChat AI Agent in June, the bank has significantly boosted its confidence in the agent’s value creation framework. The Agent service is now sufficiently visible, enabling a clear distinction between its existing components and areas still under development. This has shifted WeChat AI Agent from an AI initiative with no clear timeline to a phased rollout project with observable milestones. The bank believes the initial impact of WeChat AI Agent’s launch on Tencent’s stock price will likely stem from a reduction in risk premium and higher valuation multiples, rather than short-term earnings per share growth. It assigned Tencent an "Overweight" rating, with a target price of HK$690.

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South Korea is pushing forward civil enforcement rules for virtual assets, with plans to allow courts to seize and liquidate crypto assets.

South Korea’s Supreme Court has issued a legislative notice for the Partial Amendment to the Civil Execution Rules, which will for the first time bring virtual assets under the scope of civil compulsory enforcement. Following a public comment period, the amended rules are set to take effect on October 1, 2026. Key provisions include: Compulsory enforcement of claims for digital asset transfers (courts may launch enforcement via seizure orders, barring third-party debtors like trading platforms from transferring assets to the debtor, while restricting the debtor from disposing of such claims); Compulsory enforcement of digital assets themselves (courts may seize virtual assets held by the debtor, which will be taken over by enforcement officers, with the debtor prohibited from disposal); Liquidation methods: Seized digital assets can be monetized via transfer orders or auction orders. For assets with low liquidity, conversion into other digital assets prior to auction is allowed.

1 seconds ago

Garret Jin increases his short position on ZEC, with the position valued at $14.9 million.

According to monitoring by Onchain Lens, Garret Jin, agent of the "BTC OG Insider Whale", has increased his ZEC short position to 32,759.57 ZEC, worth $14.9 million. Garret still holds a 5x leveraged BTC long position valued at $80 million, currently with a loss exceeding $16.38 million.

1 seconds ago

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

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Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) began the week on a constructive note after surging over 6%, 13% and 10% in the previous week. BTC holds steady around $63,500, ETH approaches a key technical resistance at $1,800, while XRP has broken above the upper boundary of a falling channel, strengthening the bullish outlook.

Bitcoin could extend gains if it closes above the $64,000 resistance zoneBitcoin price trades at $63,500 on Monday after surging over 6% in the previous week. BTC is maintaining a capped bias as price remains below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), all of which sit well above spot. 

The immediate ceiling is the horizontal level around $64,004, with the 50-day EMA near $65,763 adding to overhead supply further up, while the longer-term 100-day and 200-day EMAs near $69,469 and $75,427 respectively, reinforce a broader bearish structure despite a modestly positive Relative Strength Index (RSI) around 51 and a firmly positive Moving Average Convergence Divergence (MACD), which hint at improving but still constrained momentum.

On the topside, a break above the nearby horizontal resistance at $64,004 would open the door toward the 50-day EMA at $65,763, followed by the 100-period EMA at $69,469 and the 200-day EMA at $75,427, before the more distant horizontal barrier around $84,410 comes into focus. 

On the downside, the absence of clearly defined nearby supports in the provided data suggests that any renewed selling below $63,554 would rely on emerging price action and lower historical lows to attract dip-buying interest rather than on pre-identified structural floors.

Ethereum nears the 50-day EMAEthereum price trades at $1,784 on Monday, up over 13% in the previous week. ETH maintains a bearish bias as it remains below a stack of key EMAs. Price is capped first by the 50-day EMA near $1,806, with the 100-day EMA around $1,972 and the 200-day EMA near $2,241 reinforcing the broader overhead supply zone. 

Momentum, however, is improving, with the RSI hovering near 57 and the MACD firmly positive, suggesting upside attempts may continue but will likely struggle while these EMAs remain intact above spot.

On the topside, immediate resistance is seen at the 50-day EMA around $1,806, followed by the 100-day EMA near $1,972 and the horizontal barrier at $2,000, before the longer-term 200-day EMA up toward $2,242.

On the downside, the nearest meaningful structural support is the horizontal level around $1,385, where buyers previously emerged, with any decline toward that zone likely to test the resolve of the nascent recovery despite the currently constructive momentum backdrop.

XRP closes above the upper boundary of the falling channelXRP trades at $1.148 on Monday after rallying over 10% and breaking above the upper boundary of the falling channel in the previous week. However, XRP maintains a broadly bearish configuration, with price holding below the 50-day, 100-day, and 200-day EMAs, clustered between roughly $1.180 and $1.500, keeping the medium-term trend capped despite a modest rebound from recent lows. 

Momentum is improving, with the RSI hovering just above the 50 line and the MACD in positive territory, suggesting a corrective recovery within a still-dominant downside structure.

On the topside, immediate resistance aligns with the 50-day EMA near $1.183, followed by the 100-day EMA around $1.286 and the horizontal barrier at $1.300, with the 200-day EMA near $1.495 and the prior resistance line around $1.900 reinforcing a broader supply zone higher up. 

On the downside, initial support emerges at the lower parallel-channel region around $1.110, where a break would expose further weakness, while holding above this area would allow buyers to keep testing the nearby moving-average ceiling.

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

Cryptocurrency prices FAQs Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.

A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.

Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.

Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.

TL;DR Spot Bitcoin ETFs recorded $526.64 million in net outflows last week, extending their losing streak to eight consecutive weeks. Spot Ethereum ETFs also posted net outflows of $13.67 million, marking an eighth straight week of withdrawals. In contrast, SOL, XRP, and HYPE ETFs attracted fresh capital, with XRP ETFs leading weekly inflows. Analysts say ETF flows remain a key indicator of institutional sentiment as investors monitor Bitcoin’s next market direction. U.S. spot Bitcoin exchange-traded funds (ETFs) continued to face heavy selling pressure last week, recording $526.64 million in net outflows between June 29 and July 2. The latest withdrawals mark the eighth consecutive week of net outflows, the longest weekly redemption streak since spot Bitcoin ETFs began trading in the United States. 

The trend reflects continued caution among institutional investors as Bitcoin struggles to regain momentum. According to SoSoValue data, total net assets across U.S. spot Bitcoin ETFs have fallen to approximately $74.37 billion, while Bitcoin traded near $61,500 during the reporting period, as shown in the accompanying chart. The sustained redemptions come after June became the worst month on record for spot Bitcoin ETFs, with roughly $4.5 billion leaving the products. 

Spot Bitcoin ETFs See $527M Net Outflows Last Week, Extending Outflow Streak to 8 Weeks

From June 29 to July 2 (ET), spot Bitcoin ETFs saw $527 million in net outflows, marking the eighth consecutive week of outflows. Spot Ethereum ETFs recorded $13.67 million in net outflows,… pic.twitter.com/mqujUflCEl

— Wu Blockchain (@WuBlockchain) July 6, 2026

Spot Ethereum ETFs also remained under pressure, posting $13.67 million in net outflows over the same period. Like Bitcoin funds, Ethereum ETFs have now logged eight straight weeks of investor withdrawals, highlighting persistent risk-off sentiment across the two largest digital assets. 

Altcoin ETFs Buck the Trend as SOL, XRP, and HYPE Attract Fresh Capital While Bitcoin and Ethereum products continued to lose assets, several newer crypto ETFs managed to attract fresh investment.

Spot Solana (SOL) ETFs recorded $5.75 million in weekly net inflows, while XRP ETFs brought in $17.19 million, making XRP the strongest performer among the major altcoin funds. Hyperliquid (HYPE) ETFs also remained in positive territory with $4.32 million in net inflows, although the figure represented a slowdown compared with previous weeks.

The divergence suggests that some investors are rotating capital into alternative digital assets rather than exiting the crypto ETF market entirely. Although Bitcoin remains the largest institutional investment vehicle in the sector, selective demand for altcoin-based products indicates that investors continue to seek exposure to projects they believe offer stronger upside potential.

Bitcoin ETFs Face Mounting Pressure Despite Brief Daily Recovery Despite the weak weekly performance, the reporting period ended with a small sign of stabilization. On July 2, U.S. spot Bitcoin ETFs recorded more than $221 million in daily net inflows, breaking a 10-session outflow streak. However, analysts caution that a single positive trading day is unlikely to reverse the broader trend after eight consecutive weeks of withdrawals. 

Market observers attribute the prolonged outflows to a combination of macroeconomic uncertainty, higher interest-rate expectations, and reduced appetite for risk assets. Bitcoin has remained under pressure alongside broader financial markets, while institutional investors continue trimming exposure through ETF redemptions. 

Going forward, ETF flows are expected to remain a closely watched indicator of institutional sentiment. A sustained return to net inflows could signal renewed confidence in Bitcoin, while continued withdrawals may reinforce expectations of subdued demand until broader market conditions improve.

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

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Leading cryptocurrency analyst Ali Martinez spotlighted a sharp spike in Dogecoin’s (CRYPTO: DOGE) on-chain activity on Saturday, suggesting increased volatility ahead.

A Breakout In The Works?In an X post, Martinez highlighted that active addresses have surged to nearly 50,000 since the start of July, referencing data from on-chain analytics firm Glassnode.

An active address is any unique wallet address that participates in at least one on-chain transaction within a given time period.

“Something is brewing,” the analyst said, signaling growing usage and interest.

Buy Or Sell?The Moving Average Convergence Divergence indicator, which compares the 12-period and the 26-period exponential moving averages, flashed a "Buy" signal for DOGE, according to TradingView.

To the contrary, the Bull Bear Power indicator, which measures the strength of buyers and sellers, flashed a “Sell” signal. The Relative Strength Index hovered in the “Neutral” territory.

Whales Increase Long ExposureInterest in DOGE from derivatives traders also strengthened. Long positions among Binance’s top traders—those in the top 20% by margin balance—rose sharply this week relative to short positions, according to Coinglass.

Additionally, DOGE’s open interest rose 7.6% over the week to top $1 billion, signaling an influx of new money in the speculative market

Price Action: At the time of writing, DOGE was exchanging hands at $0.07727, down 1.78% over the last 24 hours, according to data from Benzinga Pro. The memecoin has lost 34% of its value year-to-date.

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Reform UK leader Nigel Farage is facing renewed political pressure after The Sunday Times reported that he failed to declare extensive financial support from George Cottrell, a convicted fraudster with ties to the offshore crypto gambling industry.

What Cottrell Allegedly Paid For Farage received extensive undisclosed financial support from Cottrell, a convicted fraudster involved in an offshore crypto gambling platform, and appears to have breached MPs' disclosure rules by failing to declare it, according to the Sunday Times investigation. Cottrell recruited and paid three staff to work on Farage's social media before the general election. He also covered drivers, security personnel and accommodation costs, paying staff by bank transfer, the report said.

Under rules in place at the time, new MPs were required to register any gifts worth more than £300 they received in the previous 12 months, except where the gift "could not be reasonably thought by others" to relate to their political activities. Farage disclosed only two payments from Cottrell, both travel-related: a £9,253 trip to Belgium and a later £15,276 flight donation. Cottrell has continued to allow Farage to use a five-storey Georgian townhouse he rented near Buckingham Palace.

Cottrell's Background and the Tether(.)bet Connection Cottrell was arrested in 2016 at Chicago's O'Hare airport while traveling with Farage, and served eight months in prison after pleading guilty to wire fraud in a money laundering sting. He later moved to Montenegro, where The Sunday Times described him as a key player in Tether(.)bet, an offshore bookmaker that accepts large wagers in cash or crypto, including Tether's USDT stablecoin. Providing unlicensed gambling services to UK customers can constitute a criminal offence under UK law. Cottrell denies personally seeking clients for the platform.

The revelations compound existing pressure on Farage. He is already under investigation over an undisclosed £5 million gift from Tether stakeholder Christopher Harborne. Farage said the Harborne gift covered security costs that Cottrell was reportedly already paying.

Robert Jenrick said "no rules have been broken" over Farage receiving financial support from Cottrell because it was "before he became a member of Parliament." Labour deputy leader Lucy Powell told Times Radio the investigation into Farage should be expanded to include benefits he received from Cottrell. The Liberal Democrats have written to the Parliamentary Commissioner for Standards to say there is a "serious question as to whether Farage met his obligations under the Code of Conduct for MPs."

Sources:
The Block: Nigel Farage failed to declare funding from crypto gambling figure
ITV News: No rules broken over criminal's financial support to Farage, says Jenrick

PANews July 6 news, according to SoSoValue data, the overall crypto market showed an upward trend, with the CeFi sector performing strongly, up 2.74% in 24 hours. Among them, Binance Coin (BNB) rose 3.19%, and Bitget Token (BGB) rose 1.01%. At the same time, Bitcoin (BTC) rose 1.21%, breaking through $63,000; Ethereum (ETH) rose 1.26%, approaching $1,800.

In other sectors, the DeFi sector rose 2.41% in 24 hours, with Lighter (LIT) up 18.06%; the Layer 1 sector rose 2.15%, with Canton Network (CC) up 4.50%; the Meme sector rose 1.38%, with Pump.fun (PUMP) up 7.83%; the PayFi sector rose 1.12%, with Ultima (ULTIMA) up 11.19%; the Layer 2 sector rose 0.21%, with Starknet (STRK) up 1.94%.

In addition, the NFT sector fell 0.93%, with Pudgy Penguins (PENGU) down 2.81%.

Source: Binance EN

This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance is pleased to launch a new Word of the Day (WOTD) game! The theme of this week’s WOTD is “bStocks on Binance”. Read selected articles to learn more about this topic and participate in this week’s WOTD to grab a share of the rewards. Activity Period: 2026-07-06 00:00 (UTC) to 2026-07-12 23:59 (UTC) Complete 3 Words to Unlock Your Share of 15 BNB WOTD is an educational word-guessing game, which allows users to increase their crypto vocabulary and stay on top of the latest market developments. 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Users may qualify for welcome rewards by completing tasks available at the Rewards Hub within 14 days after registration.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegal bulk account registrations, self dealing, or market manipulation).Binance reserves the right to disqualify any participant found to be engaging in fraudulent activities or violating the platform’s terms of use.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice, including but not limited to canceling, extending, terminating or suspending this Activity, its eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all users shall be bound by these amendments.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-06 Disclaimer: bStocks Tokenized Securities are classified as Certificates representing certain Financial Instruments (paragraph 92, Schedule 1 to FSMR). bStocks are not stocks or shares and bStocks do not allow holders to directly own a share or stock in the underlying listed company. bStocks do not represent any affiliation with the underlying asset's issuer. bStocks are offered through an Approved Prospectus in the ADGM and are not offered in any other jurisdiction. No public offer is made outside of the ADGM. Tokenized Securities are available only to eligible users in permitted jurisdictions on a secondary market basis only. It is your sole responsibility to ensure that accessing and trading Tokenized Securities is lawful in your jurisdiction before proceeding. 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Scopuly, a non-custodial cryptocurrency wallet and decentralized exchange, has announced a major wallet upgrade with the addition of WalletConnect support that allows users to securely interact with Stellar-based decentralized applications (dApps) directly from the Scopuly Wallet. The primary purpose of this development is to provide secure, seamless access to Stellar dApps, Decentralized Finance (DeFi), and Web3 services.

🚀 Scopuly Opens a New Gateway to DeFi, Web3, and Stellar dApps

Scopuly Wallet is taking an important step forward.

With WalletConnect support, Scopuly users can now connect to compatible Stellar dApps, review transaction requests, and sign directly from their wallet — without… pic.twitter.com/Rtan7spXWS

— Scopuly – Stellar Wallet (@scopuly) July 5, 2026 This innovation brings WalletConnect compatibility, which enables users to join their Scopuly Wallet to supported Stellar dApps, Review transaction requests before approving them, and sign transactions securely within the wallet. The specific DApps section inside the wallet makes it easy for users to discover Stellar ecosystem applications, access DeFi protocols, and Web3 services. Scopuly has shared this news through its official social media X account.

Scopuly Transforms into a Secure Gateway for Stellar DeFi Applications The developmental step of Scopuly is not just a technical update; rather, it is bringing a new chapter for Scopuly as a doorway to Stellar DeFi and Web3. This update improves security through local transaction signing, a smoother user experience when accessing DeFi and Web3 services, and easier access to the growing ecosystem of Stellar applications.

This is the best opportunity for users across the entire world, specifically in the DeFi and Web3 world. Furthermore, this update also ensures security, transparency, and scalability of services for modern users. For security purposes, the system vigilantly protects and keeps the user’s private key and seed phrase secure.

Empowering Safer Web3 Transactions with Advanced Wallet Technology Scopuly development is no less than a miracle for people in this digitalized world, along with perfection. In other words, this system is going to strengthen the security system without fear of being hacked or scammed in Web3-based transactions in the entire world. Users are completely satisfied with this innovative step of Scopuly as it is upgrading their lifestyle.

Moreover, this also brings a strong compatibility status for users to compete with corresponding partners in the world of Web3 and DeFi. Scopuly is actually preparing users against fraud by empowering their security system with advanced tools. The whole world is waiting for development with each passing day.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

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.

7 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.

7 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.

7 minutes ago

ANSEM posts a short-term rally of 25%, with its current market cap standing at $380 million.

According to GMGN monitoring, Solana ecosystem meme coin ANSEM surged 25% within one hour, with its market cap rebounding to around $380 million, posting a 30% 24-hour gain and trading volume exceeding $39.7 million over the same period. The rally is likely due to Ansem himself (X: blknoiz06) announcing the completion of a new round of airdrop distribution, totaling approximately $7 million. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, with no actual value or use cases; investors should exercise caution regarding risks.

7 minutes ago

HTX Genesis Hackathon Attracts Over 30 Teams from Top Universities at Home and Abroad

According to official social media announcements, the HTX Genesis Hackathon—hosted by HTX DAO and B.AI, and co-organized by OpenCSG, TinTinLand, and OpenCity—has entered the preliminary screening phase. More than 100 developer teams have registered for the event, with participants hailing from over 30 top universities across 22 global cities, including Tsinghua University, Fudan University, the National University of Singapore, and the University of Edinburgh. The hackathon offers a total prize pool of 20,000 USDT and over $100,000 in computing power support. Participating teams will innovate in areas such as $HTX use cases, B.AI ecosystem applications and computing power services, AI Agent finance, on-chain asset management, trading infrastructure, DAO tools, and smart financial operating systems. The HTX Genesis finals will be held offline on July 19 during the World Artificial Intelligence Conference (WAIC) in Shanghai.

7 minutes ago

Whale MK4 opened a long position in LIT at $1.29, with an unrealized profit of $6.7 million.

According to monitoring by OnchainLens, crypto whale MK4 (@mk4_lul) holds a 5x leveraged long position in LIT, with a position value of $13 million, an entry price of $1.29, and current unrealized profit of $6.7 million. The whale’s wallet address has amassed a lifetime total profit of $173.68 million.

7 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.

7 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.

7 minutes ago

ANSEM posts a short-term rally of 25%, with its current market cap standing at $380 million.

According to GMGN monitoring, Solana ecosystem meme coin ANSEM surged 25% within one hour, with its market cap rebounding to around $380 million, posting a 30% 24-hour gain and trading volume exceeding $39.7 million over the same period. The rally is likely due to Ansem himself (X: blknoiz06) announcing the completion of a new round of airdrop distribution, totaling approximately $7 million. BlockBeats Note: Meme coin trading is highly volatile, largely dependent on market sentiment and concept hype, with no actual value or use cases; investors should exercise caution regarding risks.

7 minutes ago

HTX Genesis Hackathon Attracts Over 30 Teams from Top Universities at Home and Abroad

According to official social media announcements, the HTX Genesis Hackathon—hosted by HTX DAO and B.AI, and co-organized by OpenCSG, TinTinLand, and OpenCity—has entered the preliminary screening phase. More than 100 developer teams have registered for the event, with participants hailing from over 30 top universities across 22 global cities, including Tsinghua University, Fudan University, the National University of Singapore, and the University of Edinburgh. The hackathon offers a total prize pool of 20,000 USDT and over $100,000 in computing power support. Participating teams will innovate in areas such as $HTX use cases, B.AI ecosystem applications and computing power services, AI Agent finance, on-chain asset management, trading infrastructure, DAO tools, and smart financial operating systems. The HTX Genesis finals will be held offline on July 19 during the World Artificial Intelligence Conference (WAIC) in Shanghai.

7 minutes ago

Whale MK4 opened a long position in LIT at $1.29, with an unrealized profit of $6.7 million.

According to monitoring by OnchainLens, crypto whale MK4 (@mk4_lul) holds a 5x leveraged long position in LIT, with a position value of $13 million, an entry price of $1.29, and current unrealized profit of $6.7 million. The whale’s wallet address has amassed a lifetime total profit of $173.68 million.

7 minutes ago

Pendle’s funding rate trading platform Boros surpasses the $20 billion notional trading volume milestone.

Pendle’s funding rate trading platform Boros has crossed the $20 billion nominal trading volume milestone in less than a year since its launch. Today, Boros has become the de facto venue for institutions and market participants to trade, hedge, and capture funding rate differentials across platforms, with over 170 markets of varying maturities to date.

7 minutes ago

Solana (SOL) is showing strong recovery signals following its recent pullback, maintaining only modest selling pressure even as it regains its footing. Ongoing growth in institutional investment and encouraging technical indicators are fueling expectations that SOL’s price could rebound further, as long as buying interest remains robust.

Key threshold in Solana’s price trendAs of July 5, 2026, SOL is trading at $80.42. The digital asset posted a 1.07% loss in the last 24 hours, while daily trading volume reached $3.16 billion. Solana’s market capitalization stands at $46.80 billion, cementing its position among the world’s top digital assets.

According to the crypto analyst MarketPulse, Solana has recently demonstrated a quiet yet noteworthy resurgence. The analyst notes that the asset’s latest upward move isn’t solely due to improved price action; a gradual increase in ETF positions tied to SOL is also supporting this momentum. MarketPulse emphasizes that institutional investors increasing their risk exposure typically signals rising long-term confidence in the asset.

MarketPulse suggests that a simultaneous uptick in price and institutional attention could lay the groundwork for a more sustained rally in SOL.

Technical signals point to buy-side momentumOn the technical front, SOL is currently trading above its 20-day simple moving average at $73.60, a setup generally viewed as bullish in the short term. The upper band of the Bollinger Bands indicator is set at $82.49, creating a resistance zone. If SOL manages to break above this threshold, buyers are expected to step in even more aggressively, while failure to do so could lead to continued sideways action.

Mini glossary: Bollinger Bands are a technical indicator used to track price volatility and possible support or resistance zones. When the bands widen, it signals increased market turbulence.

The MACD indicator is also painting a bullish picture, with the MACD line at 1.87 and the signal line at 0.35. Expansion in the histogram’s green bars points to growing buying pressure. This reinforces the possibility that the $82.49 resistance could be challenged again in the near future.

Should SOL decisively break above the $82.49 mark on strong volume, it could reinforce bullish expectations. Failing that, SOL may remain range-bound for a while longer.

Institutional interest could steer the direction of recoveryAlthough ETF accumulation does not directly translate into immediate price gains for Solana, it is a vital barometer of market confidence. If institutional fund inflows persist and the broader market remains supportive, the recent recovery may be poised to strengthen in the weeks ahead.

On the flip side, any loss of stability in the overall crypto market or inability to clear resistance could see SOL enter a consolidation phase. In the short term, market watchers are closely monitoring technical improvements, rising ETF positions, and ongoing institutional interest as key themes shaping SOL’s prospects.

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.

Solana’s network just posted the kind of growth numbers that make you do a double-take. Roughly 1.6 million new addresses were created on the network in mid-2026, daily active addresses ranged from 2.5 million to nearly 7 million, and weekly active addresses touched 29.84 million. All of this while SOL trades around $80.92, which is the kind of disconnect that tends to get value-oriented traders very interested.

Adding fuel to the fire: the SuperTrend indicator on SOL’s three-day chart just flashed a buy signal for the first time since early 2025.

The on-chain case for Solana Solana recorded approximately 3.8 billion transactions in June 2026 alone. That’s roughly 100 million transactions per day.

Tokenized equities volume on Solana surpassed $100 million in a single day, with tokenized assets like $SPCX constituting between 94% and 99% of total transaction volume on notable days.

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SOL has been fluctuating between $79.71 and $82.14 in recent sessions. Monthly active addresses have seen substantial year-over-year increases throughout 2026.

Why the price hasn’t caught up yet The divergence between Solana’s fundamentals and its price is precisely what has some analysts calling SOL undervalued. When a network is processing billions of transactions per month, attracting millions of new users, and capturing meaningful share of the tokenized asset market, the theory goes, the token price eventually has to reflect that reality.

The $100 level has become the focal point. It’s a round number, which gives it psychological significance, and it sits roughly 23% above current trading levels.

What this means for investors The SuperTrend buy signal matters because of how rarely it fires on the three-day chart. The last time it triggered was early 2025.

Solana’s growing dominance in tokenized equities volume, with single-day figures exceeding $100 million, positions the network at the intersection of crypto infrastructure and traditional finance.

The risk is that technical signals can fail, and a broader market downturn could easily override whatever bullish momentum Solana is building on its own. SOL’s recent trading range of $79 to $82 is tight enough that a breakdown below support could invalidate the buy signal entirely.

For investors weighing an entry, the metrics to watch are straightforward: daily active addresses, transaction volume, and whether the tokenized asset trend continues to accelerate. If Solana maintains its current pace of 100 million daily transactions and keeps attracting new addresses at the rate of over a million per reporting period, the gap between network fundamentals and token price becomes increasingly difficult to justify.

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

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CoinGecko, one of the world’s largest cryptocurrency data aggregators, lists the top 10 Layer 1 (L1) coins by Market Cap. These top projects include Bitcoin ($BTC), Ethereum ($ETH), Tether ($USDT), BNB ($BNB), USDC ($USDC), XRP ($XRP), Solana ($SOL), TRON ($TRX), Hyperliquid ($HYPE), and Dogecoin ($DOGE).

Layer 1 (L1) serves as the basic, autonomous chain on which transactions are directly executed and confirmed, and provides the necessary infrastructure for the blockchain network. Here are the top Layer 1 coins by market cap. These Layer 1 coins hold a collective market cap of $1.79 trillion with a change of 0.3% in the last 24 hours. CoinGecko has shared this news through its official social media X account.

Bitcoin Maintains L1 Dominance While Ethereum Surges Double Digits Bitcoin ($BTC) is in the leading position in the entire list of top (L1) coins in terms of market cap, and with a new price. Bitcoin ($BTC) is trading at $62823.69 with a positive change of 0.6% in price over the last 24 hours. Bitcoin ($BTC) holds a market cap of $1259903710228.

Ethereum ($ETH) is the runner-up in this race with a market cap of $213089130330, along with a positive change in price of 11.8% throughout the week. ETH/USDT is currently changing hands at $1765.36. Tether ($USDT) and BNB ($BNB) come at the 3rd and 4th positions with $0.9992 and $575.98 of current prices, respectively. Tether ($USDT) has a market cap of $184136854405 with stability in price over 24h and 7D.

BNB ($BNB) has a market cap of $77645950317 with a positive change of 0.5% over the last 24h. USDC ($USDC) is appearing with a new price of $0.9995 along with the market cap of $72914007626. USDC ($USDC) is also showing no change in price over the last 24h or 7D.

Solana and Hyperliquid Lead Weekly Gains Across Major Layer-1 Cryptocurrencies As per CoinGecko data, XRP ($XRP) comes at the 6th position in the list with a market cap of $70744944422 with the current price of $1.14. This L1 coin shows a negative response in terms of price over the last hour of 0.2%, but it shows 7.7% positive growth in price change over the whole week. These values are observed at the time of writing this article. In which different top Layer 1 coins show their dominance in terms of market caps and prices.

Next to these are Solana ($SOL) and TRON ($TRX), which show positive change of 11.9% and 1.0% over the last week and hold market caps of $46706073293 and $30800068747. Solana ($SOL) and TRON ($TRX) come at the 7th and 8th positions, respectively, in the given list of top Layer 1 coins.

Furthermore, Hyperliquid ($HYPE) trades at $68.69, along with a 0.4% change in price over the last hour and 9.2% in the last week. Hyperliquid ($HYPE) holds a market cap of $15279949960.  Last but not least, Dogecoin ($DOGE) trades at $0.07592, along with a market cap of $11763415911. Dogecoin ($DOGE) faces 2.7% change in price last week.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

FIFA reversed the automatic one-game suspension of US striker Folarin Balogun on July 5, 2026, clearing him to play in Monday’s Round of 16 World Cup match against Belgium. The decision came after President Donald Trump reportedly called FIFA President Gianni Infantino on July 2 to request a review of the red card Balogun received during the US victory over Bosnia and Herzegovina.

What actually happened Balogun picked up a straight red card on July 2 during what was otherwise a triumphant group stage finale for the US. Under standard FIFA rules, a straight red carries an automatic one-match ban, which would have sidelined the striker for the elimination round.

That same day, Trump reportedly contacted Infantino directly to push for a review of the decision. Three days later, FIFA’s disciplinary committee announced it was overturning the suspension using what it described as a “probationary measure.” This mechanism hasn’t been deployed since 1962, making it effectively unprecedented in the modern era of the tournament.

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Trump took to Truth Social after the announcement, thanking FIFA for correcting what he called a “great injustice.” Belgium’s football officials were less enthusiastic, signaling they intend to investigate the circumstances surrounding the reversal.

Balogun scored in each of his first three World Cup appearances for the US Men’s National Team, making him the tournament’s breakout offensive threat.

The crypto angle nobody asked for (but got anyway) On-chain activity spiked around his World Cup performances, culminating in the launch of a Solana-based meme token named BALOGUN. The token’s trading volume has been directly tied to the player’s match results, creating a real-time speculative instrument pegged to whether a 25-year-old striker can keep finding the back of the net.

With Balogun now confirmed available for the Belgium match, odds and sentiment around US advancement have shifted meaningfully. Crypto-native prediction markets and betting platforms that offer World Cup wagering are seeing recalibrated lines and fresh liquidity flowing into US-related outcomes.

Belgium has already signaled it may challenge the FIFA decision, and any reversal of the reversal would introduce extreme volatility into every market that has priced in Balogun’s availability. Traders holding BALOGUN tokens or US-favorable positions on prediction markets should watch for any formal complaint from Belgian football authorities before Monday’s kickoff.

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

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

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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