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The rotation of hot spots in the US stock market continues, with strong performances from steel, healthcare, and entertainment consumer-related stocks. Data from the Gate platform shows that the top three stocks in terms of gains in the US market are Cleveland-Cliffs Inc. (CLF), up 15.87%; Medpace Holdings (MEDP), up 15.06%; and IMAX Corporation (IMAX), up 11.98%. Among them, CLF's single-day gain is close to 16%, reflecting the increasing attention of market funds on cyclical manufacturing and consumer service-related stocks.

CryptoQuant analyst Axel Adler stated that the current bear market phase of Bitcoin has seen the highest historical scale of holder realized losses, with the 30-day moving average (30DMA) of realized losses reaching $1.37 billion in February 2026, which is 19% higher than the cycle peak of $1.15 billion in 2022. Data shows that since the February peak, Bitcoin realized losses have decreased by 56.5%, currently down to about $597 million; meanwhile, the scale of realized profits has only slowly recovered to $257 million.Axel Adler pointed out that the sell-off pressure driven by losses has significantly weakened, but the market has not yet seen a sustained recovery in demand, with the rate of loss decline still outpacing the rate of profit recovery. Historically, on February 20, 2026, realized losses reached $1.37 billion, setting a historical high for this metric; the highest realized loss in the 2022 cycle was $1.15 billion, occurring on June 30, 2022. In terms of realized profits, as of July 23, the 30DMA of Bitcoin realized profits was $257 million, a decrease of 92.7% from the peak of $3.51 billion set on December 10, 2024; it was also down 77.7% from when Bitcoin hit its historical high of $124,710 on October 6, 2025. This metric had previously hit a low of $191 million on June 14, 2026, and has since rebounded by 34.7%.Axel Adler indicated that the selling pressure from profits has significantly decreased, and the amount of coins sold for profit is still at a low level in this cycle, but this does not mean that sellers have completely exhausted themselves, nor does it indicate that market demand has recovered. If realized profits continue to rise above $400 million to $500 million, it would further confirm a sustained improvement in the market. Additionally, the Bitcoin realized profit/loss ratio has rebounded from a low of 0.26 in June to 0.43, but it is still below the level of 1. Analysts noted that although the absolute scale of realized losses in the current cycle exceeds that of 2022, the relative market pressure remains lower than in 2022. Since Bitcoin's historical peak, there have been 190 days out of the past 291 days where realized losses exceeded realized profits. Axel Adler warned that if the profit/loss ratio falls below 0.26 again, accompanied by a price drop below the cycle low of $58,535 set on June 30, it could indicate further intensification of market pressure.

Cryptocurrency payment infrastructure company Moonpay has supported payments from the U.S. card network Discover, allowing Discover Network cardholders to buy and sell cryptocurrencies through the Moonpay platform. Discover Network becomes the third major card brand supported by Moonpay in the U.S., alongside Visa and Mastercard. Moonpay stated that this support covers over 500 of its business partners, including wallets, exchanges, and applications. Moonpay also supports Apple Pay, Google Pay, PayPal, Venmo, bank transfers, and regional payment channels. Founded in 2019, Moonpay serves over 30 million customers across 180 countries and holds a BitLicense from New York, a limited purpose trust license from New York, multi-state money transmission licenses in the U.S., and MiCA authorization in the European Union.

According to the Financial Times, after three years of combating cryptocurrency tax evasion, the UK's HM Revenue and Customs has recovered over £8 million in taxes by reaching settlements with hundreds of cryptocurrency investors. Data obtained through a Freedom of Information Act request shows that in the past two years, 502 crypto investors reached disclosure settlement agreements with HMRC regarding unpaid taxes. In the 2024/25 tax year, a total of 280 individuals settled with HMRC, paying a total of £3.5 million. In the 2025/26 tax year, the number of settlements decreased to 222, but the total amount increased to approximately £4.8 million.

According to IT Home, ByteDance announced today the official launch of the Seed STEM Scientist Program, inviting 100 outstanding scholars from the forefront of scientific fields to collaborate on real research problems and promote AI-accelerated scientific discovery.This program is initiated by the Seed Edge research team, providing ample computing resources and competitive salaries. Participation is divided into two categories: scientific advisors and doctoral interns. The first phase of the program is expected to last about 6 months, with the work location in Haidian District, Beijing. The application deadline is September 30, 2026.

According to Decrypt, the U.S. Department of Justice's District of Columbia Attorney's Office, in conjunction with the Secret Service, has filed five civil forfeiture lawsuits in court regarding investment fraud and "pig butchering" scams, seizing over $25 million in cryptocurrency assets, with victims spread across the U.S. and Canada.The largest case involves approximately $12.1 million, with over 200 victims; the amount marked by Canada is about $10.4 million, involving over 270 suspicious transactions; the remaining three cases range from $285,000 to $2.4 million, one of which involves scammers posing as "fund recovery intermediaries" to carry out secondary fraud. Investigations show that money launderers are primarily located in Southeast Asia, with involved IP addresses coming from China, Malaysia, and Cambodia. This operation is part of the "Fraud Center Task Force" established in November 2025, which has cumulatively recovered over $800 million, and the five cases are still under ongoing investigation.

According to monitoring by The Bitcoin Historian, the CEO of Telegram announced that a non-custodial Bitcoin wallet will be launched for all users this summer, with Telegram having over 1 billion active users.

According to The Block, the London Stock Exchange is planning to launch an overnight trading platform independent of the main market to extend trading hours and meet investors' demand for longer market access. The platform is expected to go live in the first half of 2027, while the regular trading hours of the main market will remain unchanged from 8:00 AM to 4:30 PM. The new platform is proposed to operate from 5:00 PM to 7:50 AM the next morning, with a 30-minute pause from 6:30 PM to 7:00 PM for end-of-day processing.The report states that the platform will initially focus on trading exchange-traded products (ETPs), including funds that track the UK and US stock markets. Julia Hoggett, CEO of the London Stock Exchange, stated that this move is primarily aimed at meeting the needs of retail investors, especially international investors; the London Stock Exchange hopes to extend trading coverage to over 2,600 ETPs listed in the future.

Strategy's Bitcoin reserves can cover 31 years of dividends based on management calculations, while its dollar reserves can cover 1.8 years of recent dividend obligations. Chaitanya Jain, the head of investor relations for Strategy's Bitcoin products, disclosed this data on X. Documents submitted by Strategy to the U.S. Securities and Exchange Commission (SEC) show that its dollar reserves have reached $3.225 billion. The company stated that these reserves are used to pay preferred stock dividends and interest on outstanding debt.Strategy currently holds 843,775 BTC, with a purchase cost of approximately $63.69 billion and an average purchase price of $75,476. The company sold 2.73 million shares of MSTR stock, netting approximately $264 million. The documents indicate that Strategy did not issue preferred stock that week, did not conduct stock buybacks, and did not purchase Bitcoin. Its most recent disclosed Bitcoin purchase occurred on June 22.

Grayscale's research director Zach Pandl stated that if the price of Bitcoin has formed a solid bottom but is consolidating before recovery, a covered call strategy can generate income through Bitcoin volatility while managing spot price exposure. Grayscale assumes a Bitcoin spot price of $65,000 and an implied volatility of 40%, projected until the end of 2026. Under this assumption, the covered call strategy has an annualized return of about 22%, remaining profitable above a breakeven price of approximately $58,500, and outperforming holding spot Bitcoin alone when Bitcoin reaches about $72,500 at expiration.Pandl pointed out that option premiums provide income and downside protection, at the cost of giving up some upside potential when Bitcoin rises significantly. If the Bitcoin spot price falls below the breakeven price, the strategy will still incur losses, but the extent of the loss will be less than directly going long on spot Bitcoin, with the difference equivalent to the call option premium. Grayscale's Grayscale Bitcoin Covered Call ETF, with the ticker BTCC, aims to maximize income generation potential through writing covered calls. The fund does not directly invest in digital assets or initial coin offerings but gains indirect exposure to digital assets through derivatives related to exchange-traded products that hold digital assets.

Project Eleven has launched a new zero-knowledge proof system, providing a recovery method for the quantum-vulnerable Bitcoin proposed to be frozen under BIP-361, including the Bitcoin held by Satoshi Nakamoto.The solution leverages the property that quantum computers can break elliptic curve signatures but cannot break the one-way hash used in modern wallet key derivation, allowing the true owner holding the seed material to prove control. Benchmark tests show that the Project Eleven prototype is significantly faster than previous solutions, but the prototype has not yet been audited and is incomplete. It requires controversial modifications to blockchain rules before it can protect existing Bitcoin on the chain.

According to Bits.media, Kaspersky security researchers have discovered new malware OkoBot, which steals cryptocurrency wallet recovery phrases and credentials through about 20 modules. Attackers use ClickFix social engineering techniques to trick users into executing malicious commands and spread the malware through GitHub repositories disguised as legitimate tools like SQL Server Management Studio.OkoBot's modules include: SeedHunter, which injects into hardware wallets like Trezor and Ledger, displaying a fake interface when recovering recovery phrases; MC Keylogger, which records keyboard and clipboard activity; and OkoSpyware, which tracks wallet passwords and records window videos.Once attackers obtain the recovery phrases, they can gain complete control over the victim's cryptocurrency assets, making it nearly impossible to recover the funds. Kaspersky stated that OkoBot has been active for over a year, with most victims located in Brazil, Vietnam, Canada, Mexico, and Turkey. Attackers have also implemented geographical blocking on IP addresses from Russia and CIS countries.

U.S. asset management giant T. Rowe Price announced the launch of an actively managed cryptocurrency ETF $TKNZ, providing investors with exposure to various digital assets. The ETF portfolio includes cryptocurrencies such as Bitcoin ($BTC), Ethereum ($ETH), XRP ($XRP), Solana ($SOL), and Hyperliquid ($HYPE).Unlike traditional passive cryptocurrency ETFs, TKNZ employs an active management strategy, allowing fund managers to dynamically adjust the asset allocation based on market conditions, asset performance, and risk factors, aiming to capture opportunities in the digital asset market and control volatility risk. T. Rowe Price's entry into the actively managed cryptocurrency ETF space further reflects that large asset management firms on Wall Street are accelerating their layout of digital asset investment products. As spot Bitcoin and Ethereum ETFs gain market recognition, the demand from institutional investors for multi-asset cryptocurrency investment tools is continuing to rise.

According to official news, OneBullEx has launched U-based stock and index-related contracts such as QQQUSDT, NVDAUSDT, TSLAUSDT, AAPLUSDT, MUUSDT, WDCUSDT, and SPCXUSDT. The related products support both full margin and isolated margin models.This round of new products covers multiple key tracks in the global innovation industry. QQQ provides an overall perspective on large technology and growth sectors, with Nvidia, Micron Technology, and Western Digital corresponding to AI computing power, memory, and data storage infrastructure. Apple and Tesla cover smart terminals, automation, and energy technology, while the addition of SPCXUSDT extends the platform's global asset coverage to commercial aerospace, satellite connectivity, and space infrastructure.This new launch allows OneBullEx to increase its offerings of global technology companies and index-related products beyond cryptocurrency assets. OneBullEx stated that it will continue to expand global asset coverage around the development direction of AI-native financial exchanges and explore the long-term application of AI intelligent trading capabilities in more asset and market scenarios.

According to The Block, the South Korean Ministry of Economy and Finance is formulating a basic law for asset management of state-owned assets, aimed at effectively managing new asset classes including cryptocurrencies.

TxFlow L1 announces the launch of its second Channel Probly, which is the first prediction market application developed based on the TxFlow Improvement Protocol 3 (TIP3). When Probly goes live, it will offer 172 real-time markets covering over 7,000 events, including continuous rolling markets with a minimum duration of 5 minutes, and supports full on-chain settlement and TxFlow L1 shared financial infrastructure.Probly covers 15 categories including politics, sports, crypto, finance, and geopolitics, and provides prediction markets related to BTC, ETH, SOL, and XRP price trends for 5 minutes, 15 minutes, 1 hour, and 4 hours. Users can access Probly through an email-based embedded wallet without managing mnemonic phrases, and can also connect compatible wallets such as MetaMask, Coinbase Wallet, Phantom, and Uniswap Wallet. Eligible settlement amounts will be automatically credited in USDC after the event resolution, without the need for separate claims.

Binance co-founder He Yi stated on social media that since 2021, Binance has helped users recover over $8 billion in erroneous cryptocurrency transfers.

According to Jinshi reports, the Joint Maritime Information Center led by the U.S. Navy stated that the maritime blockade implemented by the U.S. covers the entire coastline of Iran, including but not limited to various ports and oil terminals in Iran.

According to the latest "Bitcoin Weekly Market Pulse" report published by glassnode, although BTC has rebounded after a recent sell-off, this round of increase is still closer to a "volume contraction recovery." The report shows that the weekly spot trading volume decreased by 21.5% to $4.1 billion, and the spot CVD turned from positive to negative at -$58.8 million, indicating that the breadth of market buying remains weak.In terms of institutional funds, the weekly net inflow of the US spot BTC ETF has recovered to $161.3 million, but ETF trading volume still decreased by 11.97% to $8.4 billion. On-chain data shows that the number of active addresses decreased by 7.6% to 599,000, on-chain transfer volume decreased by 16.1% to $4 billion, and total fees decreased by 13.9% to $168,400, indicating that on-chain activity continues to weaken.In terms of derivatives, the futures funding rate increased by 13.4% to $1.9 million, but the perpetual contract CVD plummeted by 81.7% to $83.9 million; at the same time, the options market 25-Delta Skew rose to 18.87%, indicating that investors still maintain strong demand for downside protection during the rebound process.