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CryptoQuant analyst Darkfost stated that the current Bitcoin price has been below the short-term holder cost basis (STH Cost Basis) for more than 9 consecutive months. Historically, this kind of prolonged loss phase for short-term holders is often highly correlated with bear market cycles.Currently, the short-term holder cost basis for Bitcoin is approximately $70,700, which continues to act as a resistance level. The market trend in May has reflected this pressure, as BTC quickly encountered a pullback after testing this area near approximately $82,000.

Forbes has selected 10 cryptocurrencies worth investing in based on the utility or value storage attributes of the tokens, combined with indicators such as performance over the past 7 days and 24-hour trading volume. The selected projects all have a market capitalization exceeding $5 billion, namely BTC, ETH, BNB, XRP, SOL, TRON (TRX), HYPE, RAIN, LEO, and Zcash (ZEC).Forbes states that Bitcoin and Ethereum are widely regarded as the "gold and silver" of the cryptocurrency world, with current market capitalizations of approximately $1.289 trillion and $21.647 billion, respectively, accounting for about 68% of the entire crypto market. In its selection methodology, Forbes considered the fundamental use of each crypto asset, excluding stablecoins, wrapped crypto assets, liquid staking tokens, and meme coins, focusing on projects with clear investment logic that are expected to appreciate as adoption and utility increase.

According to DeFiLlama data, Polymarket's revenue reached $11.46 million in the week from July 6 to 12, setting a new high since 2026. Currently, its total value locked (TVL) is approximately $374 million, with an annualized revenue of about $188 million and a trading volume of approximately $4.936 billion in the last 30 days.

Michael Saylor, the founder and executive chairman of Bitcoin Treasury Company Strategy, has once again released information related to Bitcoin Tracker, captioned "Orange dots tell only part of the story."According to previous patterns, Strategy usually discloses information about increasing Bitcoin holdings the day after relevant news is released.

According to CoinDesk, Christian Lopez, head of blockchain and digital assets at investment bank Cohen & Company Capital Markets, stated that as investors rotate funds into other sectors and macro uncertainty continues to suppress risk appetite, the crypto IPO market has noticeably slowed down.Lopez pointed out that although the successful listings of Circle and Bullish had raised high expectations for crypto IPOs in 2026, the subsequent weakening of market conditions, declining trading volumes, and underperformance of some post-listing stocks have dampened enthusiasm for new issuances. Several crypto companies, including Kraken's parent company Payward, Consensys, Ledger, and Grayscale, have postponed their IPO plans, waiting for market improvement; however, Blockchain.com and FalconX are still advancing their listing processes.Lopez believes that the uncertain interest rate outlook and global deleveraging pressures are making investors more cautious about high beta assets like crypto. He expects that the window for crypto companies to go public may not substantially reopen until next year. Additionally, he stated that regulatory clarity is no longer the primary obstacle for crypto companies going public; rather, the ability to access capital and business diversification are more critical.

According to Coinglass data, the Coinbase Bitcoin premium index has been in the negative premium range for 55 consecutive days (from May 19 to present), with the latest value at -0.0072%. Previously, this index was in negative premium for 40 consecutive days from January 16 to February 24 this year, setting the record for the longest "continuous negative" period since the index was launched, surpassing the approximately 30 days of continuous negative premium during the "1011 crash."Historical data shows that prolonged negative premiums are often accompanied by the exit of institutional funds from the U.S., and caution is needed regarding short-term pullback pressure.

Bitget's head of Greater China, Xie Jiayin, posted on the X platform stating that the AUM of rToken has reached 115 million USD in 5 weeks since its launch, and pointed out that "many teams overlook the core demands of Wall Street institutions when dealing with RWA: risk control convenience and capital utilization."Xie Jiayin emphasized that the biggest underlying driving force of rToken is the unified account mechanism, which truly realizes "simultaneous operation and unified risk control" of crypto assets and US stock assets. In extreme market conditions, users can use unrealized gains from US stocks to supplement their crypto positions, or use long-term holdings in the crypto space as leverage to unlock more trading opportunities, breaking the asset isolation between traditional crypto exchanges and US stock brokers.

Custodia Bank has submitted a petition for rehearing to the U.S. Supreme Court, requesting confirmation on whether the president of the regional Federal Reserve Bank has the authority to refuse to provide master account services to institutions. Custodia Bank has applied for a Federal Reserve master account multiple times and was denied by the Federal Reserve in 2023, citing significant safety and soundness risks associated with its new business model and its intended focus on digital assets.Custodia Bank subsequently appealed to the U.S. Tenth Circuit Court of Appeals, which ruled in favor of the Kansas City Federal Reserve Bank in 2024. The U.S. Supreme Court will decide in October whether to hear the case.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $5.118 billion, with long positions totaling $2.494 billion, accounting for 48.72% of the holdings, and short positions totaling $2.625 billion, accounting for 51.28%. The profit and loss for long positions is -$24.1209 million, and for short positions, it is -$76.3876 million.Among them, the whale address 0x082e..88 has taken a 5x full position long on HYPE at a price of $38.6755, currently showing an unrealized profit and loss of $39.4312 million.

According to official news, some users of the Phantom wallet are currently experiencing performance issues when using transfer and exchange functions. The team is investigating and addressing the issue and will provide timely updates on the progress.

According to Bali Discovery, a 41-year-old Russian man was kidnapped in Bali and forced to hand over his cryptocurrency account. The man was stopped while riding his motorcycle after work by a black Nissan Serena, where two masked assailants handcuffed him with plastic handcuffs, blindfolded him, and took him to a two-story house.The man was held captive for about 30 hours, during which he was subjected to violent treatment, including punches and kicks. The assailants forced him to give up his cryptocurrency account password, stole his phone, and used the villa keys taken from his motorcycle to enter his residence and take his second phone, further gaining access to his accounts.Around 4 a.m. on July 4, the man was dumped near Udayana University Hospital in Jimbaran and received treatment. Bali police spokesman Ariasandy confirmed that a report had been received and that they are making every effort to apprehend the suspects.

According to PR Newswire, the US-listed Bitcoin treasury and AI data center company Hyperscale Data has disclosed that it has recently increased its BTC holdings again, and as of now, its Bitcoin reserves have surpassed 1,000 coins.The company's management revealed that it plans to use Bitcoin as a potential collateral for financing in the future, and to achieve balance sheet diversification alongside cash and other strategic assets.

Binance's official announcement shows that the total scale of stablecoins held by cryptocurrency exchanges has reached $93 billion, of which Binance holds approximately $53 billion, accounting for 57% of the market share, which is $42 billion higher than the stablecoin reserves of the second-ranked exchange platform.In addition, since the beginning of 2025, the stablecoin reserves of exchanges have cumulatively increased by 61%, adding approximately $35 billion, while Binance's market share has also risen from 54% to 57% during the same period.

According to on-chain data, 181,000 SOL held by a certain early investor (OG) in Solana, previously disclosed by on-chain detective ZachXBT, was stolen, valued at approximately $14.2 million at current prices.The attacker subsequently sold all 181,000 SOL and transferred the funds across chains to the Ethereum network, ultimately exchanging them for 7,918 ETH.Currently, the attacker has completed the asset transfer and exchange operation from Solana to Ethereum. The specific reasons for the incident and the method of fund theft have not yet been disclosed.

According to CryptoQuant analyst JA Maartun, Binance's June futures trading volume rose to approximately $1.63 trillion, reaching the highest level since 2026.The analyst pointed out that although BTC is still fluctuating in the mid-$60,000 range, market sentiment remains cautious, and the advancement of European MiCA regulations along with typically slower summer trading activity, Binance's futures market trading volume remains high, indicating that traders' participation in derivatives is still active.

Bitget stock spot rToken officially launched SK Hynix (rSKHY). From now until July 17.In addition, the platform is simultaneously launching a new customer exclusive event, with a total prize pool of 50,000 USDT equivalent to SK Hynix.It is reported that the rToken, identified by the letter r + stock code (for example, Nvidia is rNVDA), is issued by Reality, a licensed RWA protocol under Bitget, and is directly connected to global liquidity pools such as NASDAQ and NYSE through cooperation with the compliant broker Alpaca. Its features include: 1:1 reserve of underlying assets held by a licensed custodian, stock dividends distributed in token form 1:1, and support for corporate actions (such as stock splits and consolidations) being mapped in real-time.

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $4.947 billion, with long positions of $2.412 billion, accounting for 48.76% of the total holdings, and short positions of $2.535 billion, accounting for 51.24% of the total holdings. The profit and loss for long positions is -$34.3432 million, and for short positions, it is -$65.5853 million.Among them, the whale address 0x082e..88 has taken a 5x leveraged long position on HYPE at a price of $38.6755, currently showing an unrealized profit and loss of $38.9537 million.

According to SoSoValue data, yesterday (Eastern Time July 10), the total net inflow of the SOL spot ETF was $150,500.Yesterday, only the 21Shares Solana ETF (TSOL) had a net inflow, with a single-day net inflow of $150,500, and the historical total net outflow has reached $102 million.As of the time of writing, the total net asset value of the SOL spot ETF is $901 million, with a net asset ratio of 1.99%, and the historical cumulative net inflow has reached $1.136 billion.