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According to BBX data, yesterday marked a milestone for the global largest IPO completion index, with a historic turning point in the valuation logic of AI transformation in mining companies. The core dynamics are as follows:SpaceX, Inc. (NASDAQ: $SPCX) reported on July 7 that the company was officially included in the Nasdaq 100 index this week, becoming the first in history to have the largest single IPO ($75 billion) included in the Nasdaq 100. CoinDesk also issued a historic warning: "The last two largest new constituents added—Palantir ($PLTR) in December 2024 and Strategy ($MSTR) in early 2025—both experienced a phase decline after inclusion, rather than starting a new round of increases"; analysts pointed out that passive funds tracking the Nasdaq 100 complete "forced buying" at the time of inclusion, and if there are no new fundamental catalysts afterward, stock prices often pull back after technical buying subsides. Specific risks currently facing SpaceX include: a net loss of approximately $4.27 billion in Q1 2026 (mainly due to xAI integration expenses), a $2 billion bond issuance plan, and a 3.4% equity dilution from the $60 billion acquisition of Cursor/Anysphere; Morningstar maintains a fair value estimate of $62 per share, indicating about a 70% implied downside from the current market price. For the market holding SpaceX Bitcoin (18,712 coins, approximately $1.2 billion, held in Coinbase Prime), the inclusion in the Nasdaq 100 will trigger a larger scale of SPCX holdings by passive funds, further bridging the gap between traditional index investors and indirect exposure to Bitcoin assets.TeraWulf Inc. (NASDAQ: $WULF) according to the latest analysis, the company's high-performance computing (HPC) leasing revenue in Q1 2026 reached $21 million, accounting for about 62% of the total revenue of $34 million, surpassing Bitcoin mining revenue for the first time—this marks TeraWulf's first historic revenue structure reversal after transitioning to an AI/HPC infrastructure company, with a 117% increase from the $9.7 million HPC revenue in Q4 2025. The company has currently signed over 522 megawatts of AI/HPC leases with Core42 and Fluidstack, with an expected annual high-margin revenue of approximately $630 million; the energy structure consists of nuclear power + hydropower, with an average electricity cost of about $0.035 per kilowatt-hour, one of the lowest among similar mining companies. The company is also developing a new campus in Kentucky, adding approximately 480 megawatts of grid access capacity; analysts have significantly raised their target price ranges, with Keefe Bruyette & Woods raising from $23 to $37, Clear Street from $26 to $38, Jefferies initiating coverage with a Buy rating and a target price of $37, and BTIG raising at the same time. The company's stock price has increased by approximately 88% year-to-date in 2026, leading the gains in the mining sector.

According to Cointelegraph, the New Hampshire Business Finance Authority (BFA) is scheduled to hold a public hearing on Wednesday regarding the issuance of $100 million in Bitcoin-backed bonds. The plan was approved by the BFA in November 2025 and requires final approval from the governor and a five-member executive council.The bonds are secured by collateral from the private borrower CleanSpark, with no recourse to state funds or taxpayers. Moody's assigned a preliminary rating of Ba2 (speculative grade) to the bonds in March. New Hampshire is the first state to pass a strategic Bitcoin reserve law, allowing 5% of public funds to be invested in digital assets.

According to Onchain Lens monitoring, BlackRock withdrew 2,979 ETH from Coinbase Prime, worth 5.26 million dollars.

According to monitoring by Catcher Predict, in the "Graham Platner Withdrawal Prediction" event on the prediction market Polymarket, the winning probability of the "Yes" option in the sub-market "July 8" has experienced significant fluctuations, soaring from 44% an hour ago to the current 64.5% (a fluctuation of 20.5%). Please note the impact of related breaking news.

According to Decrypt, Bitcoin mining company TeraWulf has signed a 20-year lease with Anthropic to build an approximately 401 MW AI data center park at the Justified Data campus in Hawesville, Kentucky, USA, which is expected to generate about $19 billion in revenue.Under the agreement, the first phase of the campus is expected to go live in the second half of 2027 and reach full capacity in early 2028. TeraWulf stated that the lease is expected to receive investment-grade credit rating support. In addition, TeraWulf has sold its 50.1% stake in the Abernathy Joint Venture to a group led by partner Fluidstack, exiting its approximately $450 million investment at a premium.Following the announcement, TeraWulf's stock price surged nearly 14%, and the stock prices of Bitcoin mining companies such as IREN, Hut 8, and Cipher Digital also rose by more than 10%, respectively.

According to Cointelegraph, the Bitcoin address "1KV47" recently completed its first transfer operation in nearly 15 years, moving 30 BTC (approximately $1.88 million) out of the wallet. This address originally received the aforementioned Bitcoin in August 2011. It is one of 39,069 listed addresses in a lawsuit in New York, where the plaintiff "Noah Doe" and two companies from Wyoming are attempting to claim ownership of these dormant Bitcoins under New York's lost property law.According to data from Alex Thorn, head of research at Galaxy Digital, 31 related addresses transferred 17,527 BTC in June, a significant increase from 4,834 BTC in February. Legal experts point out that address dormancy does not equate to abandonment of ownership, and in the absence of private key proof, the basis of the lawsuit is "extremely weak."

According to SoSoValue data, during this week's trading days (Eastern Time June 29 to July 3), the Ethereum spot ETF had a net outflow of 13.67 million USD.The Ethereum spot ETF with the highest net outflow this week was Blackrock ETF ETHB, with a weekly net outflow of 39.216 million USD, and the historical total net inflow for ETHB has reached 519 million USD. The second highest was Grayscale Ethereum Trust ETH, with a weekly net outflow of 24.1797 million USD, and the historical total net inflow for ETH has reached 1.810 billion USD. The Ethereum spot ETF with the highest net inflow this week was Blackrock ETF ETHA, with a weekly net inflow of 44.6504 million USD, and the historical total net inflow for ETHA has reached 11.120 billion USD.As of the time of writing, the total net asset value of Ethereum spot ETFs is 9.020 billion USD, and the ETF net asset ratio (market value compared to total market value of Ethereum) is 4.38%, with a historical cumulative net inflow of 10.890 billion USD.

According to SoSoValue data, during this week's trading days (Eastern Time June 29 to July 2), Bitcoin spot ETFs experienced a net outflow of $527 million. The Bitcoin spot ETF with the highest net outflow this week was BlackRock ETF IBIT, with a weekly net outflow of $773 million, and the historical total net inflow for IBIT currently stands at $59.99 billion.The second highest was Grayscale Bitcoin Trust GBTC, with a weekly net outflow of $27.6866 million, and the historical total net outflow for GBTC currently stands at $27.17 billion. The Bitcoin spot ETF with the highest net inflow this week was Ark & 21 Shares ETF ARKB, with a weekly net inflow of $10.2 million, and the historical total net inflow for ARKB currently stands at $1.26 billion.As of the time of writing, the total net asset value of Bitcoin spot ETFs is $74.37 billion, with an ETF net asset ratio (market value compared to total Bitcoin market value) of 6.02%, and the historical cumulative net inflow has reached $51.08 billion.

According to Onchain Lens monitoring, a newly created wallet withdrew 323.72 BTC from Binance in the past hour, worth 20.59 million dollars.

According to Cointelegraph, data from DefiLlama shows that Binance experienced a net outflow of $1.23 billion in the week starting June 29, an increase of 207% compared to the previous week's outflow of about $400 million, with a total monthly net outflow of approximately $3.2 billion. CryptoQuant reported that the number of ETH withdrawal transactions from Binance exceeded 166,000 in a single day, reaching the highest level in over three years.During the same period, ETH rose approximately 12.5% over the past seven days, trading at $1,766 at the time of writing; BTC increased by 4.3% during the same period, trading at $62,925 at the time of writing. DefiLlama data shows that Bitfinex had an outflow of $407.5 million in the past week, Gate had an outflow of $214.3 million, OKX had an outflow of $87.1 million, and Bybit had an outflow of $78.4 million; Crypto.com and HashKey Exchange saw net inflows of approximately $63 million and $53.3 million, respectively, while KuCoin, Gemini, and Bitvavo had net inflows of $22.1 million, $17.4 million, and $15.8 million, respectively.

The decentralized privacy protocol Hinkal has released a security incident update, confirming that attackers extracted approximately 797,000 USDC from its Ethereum contract through a series of transactions and exchanged it for about 454 ETH. Approximately 410 ETH was subsequently transferred to Tornado Cash, while the remaining approximately 44.67 ETH was cross-chain transferred to the Bitcoin network via THORChain. They are currently tracking the flow of funds in collaboration with external security teams.Hinkal stated that this security incident is limited to the relevant funds pool on the Ethereum chain, and other on-chain contracts have not been affected. However, all contracts have been temporarily suspended for repairs and security verification. All affected user funds will be compensated at a 1:1 ratio, and the specific compensation process and timeline will be announced in future updates.

According to CCTV News, the Shanghai Baoshan District Prosecutor's Office announced a case yesterday, where the defendant Huang was involved in smuggling abroad to participate in telecom fraud activities, enticing victims to invest in virtual currency. After the Myanmar Miaowadi Park was disbanded, Huang continued to engage in "pig butchering" fraud, using AI face-swapping and communication with foreign models to gain the victims' trust, and then guiding them to participate in cryptocurrency investments.Subsequently, the team leader would connect with the victims, deceiving them into registering, recharging, and investing on fake websites, ultimately being sentenced to two years and six months in prison for fraud, along with a fine of 30,000 yuan.

According to on-chain data monitored by Catcher Predict, significant capital movements are predicted in the Polymarket market. A large whale invested $176,933.73 in the "Canada vs. Morocco" event, specifically on the "Draw (Canada vs. Morocco)" outcome. Based on the current transaction price, the latest corresponding win rate for this outcome is 72%.

According to Decrypt, UK Labour MP Phil Brickell has requested the Parliamentary Commissioner for Standards to investigate Reform UK leader Nigel Farage, examining whether he engaged in improper lobbying regarding the Bank of England's cryptocurrency policy after receiving significant financial support from Tether's major investor Christopher Harborne.Reports indicate that Farage privately met with Bank of England Governor Andrew Bailey in September 2025, where he advocated for abandoning the launch of the central bank digital currency "Britcoin" and opposed limits on individual holdings of stablecoins.Christopher Harborne is alleged to hold approximately 12% of Tether's equity and previously provided Farage with an undisclosed personal gift of £5 million, as well as donating around £15 million to Reform UK.

According to Cointelegraph, the New York State Supreme Court faced a key defense in the lawsuit regarding the ownership of 39,069 long-unused Bitcoin addresses. An anonymous defendant controlling the dormant wallet involved in the case formally submitted a request to the court to dismiss the lawsuit outright. This anonymous holder presented a core legal argument: Bitcoin addresses are merely a string of data characters on the blockchain, do not belong to a legal entity, and are not eligible to be sued.In addition, industry perspectives highlighted a critical technical shortcoming of the case: even if the court ultimately rules in favor of the plaintiff's claim for rights, without possessing the corresponding private keys, the plaintiff would be unable to transfer or control this batch of Bitcoin assets on-chain, rendering the judgment practically unenforceable.The plaintiff in this lawsuit attempted to apply New York's lost property regulations, claiming that tens of thousands of long-sleeping BTC belong to unclaimed abandoned assets, intending to obtain full ownership of the assets through judicial means.

Data from Bank of America shows that investors are exiting the U.S. stock market at the fastest pace since March. For the week ending July 1, U.S. stock funds experienced a net outflow of $17.2 billion, marking the first net outflow of funds in three months. The data indicates that the Japanese stock market saw the largest inflow of funds in seven weeks, reaching $1.9 billion.

Jurrien Timmer, Global Macro Director at Fidelity Investments, stated that Bitcoin is approaching the long-term Power Law model support level, or facing a critical technical test. Currently, the support line of this model is at $58,237, while $60,000 is seen as an important psychological and technical threshold. In addition, Jurrien also pointed out that due to the slowdown in global liquidity growth and speculative funds continuing to flow into technology stocks and other risk assets, Bitcoin currently lacks the macro catalysts necessary to drive a trend reversal. Although this model support level has historically become a market bottom multiple times, Bitcoin may still oscillate in this area for a while, waiting for a more favorable macro environment to drive a new round of increases.

According to TASS, Vladimir Chistyukhin, the First Deputy Governor of the Central Bank of Russia, stated that the law regarding cryptocurrency regulation may officially take effect on September 1, 2026. He also clarified that a transition period will be set until July 1, 2027.During this period, market participants need to prepare documents, apply for registration in the regulatory directory, obtain new licenses, and adjust internal processes, with formal operations expected to begin from late 2026 to early 2027. From July 1, 2027, the relevant criminal and administrative liability provisions will take effect, strictly distinguishing between legal and illegal cryptocurrency operations by clarifying legal responsibilities.

According to on-chain detective ZachXBT, multiple reports indicate that the centralized cryptocurrency exchange AscendEX (formerly Bitmax) has recently delayed or failed to process users' withdrawal requests for several days or even weeks, yet the platform continues to accept user deposits.As early as the initial warning on June 26, ZachXBT pointed out that, after reviewing on-chain data from Arkham and TRM, several known hot wallets of AscendEX (covering EVM, Tron, and Solana networks) severely lack major market cap tokens such as ETH, USDT, and SOL, indicating that the platform is likely facing a serious liquidity crisis.The latest situation shows that, in the 9 days since the first warning, the official X account of AscendEX has remained inactive, and the platform's co-founder George (Jing) Cao has not responded to inquiries from users with large amounts of trapped funds. Currently, ZachXBT strongly advises users unable to withdraw their funds to report to law enforcement and regulatory agencies in their respective countries or regions as soon as possible.It is reported that AscendEX was founded by George (Jing) Cao and Ariel Ling in 2018. In December 2021, the platform was attacked by the hacker group Lazarus Group, resulting in approximately $78 million in asset losses.

According to monitoring by Lookonchain, the whale 0x2684 continues to accumulate ETH, having just withdrawn 5,926 ETH (9.58 million USD) from Binance again. In the past two days, this whale has withdrawn a total of 15,802 ETH (25 million USD) from Binance and staked it.