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According to on-chain analyst Yu Jin's monitoring, the ETH/BTC exchange rate has rebounded from a low of 0.0252 to 0.0285 over the past month. This year, a giant whale has achieved a cumulative profit of 6,389 ETH (approximately 11.34 million USD) through two ETH/BTC exchange rate trades, and today it initiated the third ETH/BTC exchange rate trade of the year, selling 4,695 ETH at an exchange rate of 0.0285, exchanging for 133.8 BTC.This giant whale bets that the ETH/BTC exchange rate will weaken subsequently, meaning that ETH will rise less compared to BTC or fall more. On-chain data shows that this giant whale sold ETH at high exchange rates and bought back ETH at low exchange rates in both of its previous ETH/BTC swing trades this year, cumulatively increasing its holdings by 6,389 ETH.Among them, at the beginning of January, it sold 22,345 ETH for 774 BTC and bought back 24,564 ETH at the end of January, making a profit of 2,219 ETH; in mid-April, it sold 24,564 ETH for 784.7 BTC, and at the beginning of June, it bought back 28,734 ETH, making another profit of 4,170 ETH.

According to EToday, the five major virtual asset exchanges in South Korea (Upbit, Bithumb, Coinone, Korbit, Gopax) added only 117 new trading supports in the first half of the year, a decrease of 44% compared to 210 in the same period last year; the net increase dropped sharply from 191 to 49, a year-on-year decline of 74%.At the same time, the number of trading supports terminated surged from 19 to 68, an increase of 258%. The global virtual asset trading volume recorded $46.07 billion in June, a 34% decrease from $70 billion in the same period last year. The shrinkage in trading volume directly compresses fee income, with Dunamu (the parent company of Upbit) and Bithumb's fee income accounting for 97.49% and 99.99% of their operating revenue in the first quarter, highlighting the issue of high dependence on retail spot trading.

On-chain analyst Specter posted on the X platform, revealing that about 16 hours ago, a wallet suspected to be related to Mining Express exchanged 5,004 ETH for approximately 8.8 million DAI. Specter stated that he first tagged this address on June 15 but only recently completed further tracking analysis, providing multiple related addresses for verification.Currently, this large-scale exchange behavior has drawn market attention to potential historical capital flows and liquidation motives. According to his tracking, this address has an on-chain connection to the Mining Express project initiated in Ukraine in 2019 by Brazilian founder Kaze Fuziyama.The project initially attracted investors through a multi-level marketing (MLM) approach, later being labeled a Ponzi scheme, and after halting payments, shifted to business models such as cloud rendering.Historical on-chain records show that on March 19, 2024, this wallet received 4,512 ETH from related addresses and subsequently engaged in staking operations through Lido and Ether.fi; by April 2026, all these ETH had entered a staked state and were fully unstaked by May 4.

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 official news, Gate will launch a special gift event for new users from July 2, 16:00 to July 9, 16:00 (UTC+8). During the event, new users who complete their first flash exchange can participate in multiple rewards: for a single first exchange of 1 USDT, they will receive a 100% chance to win a mystery box lottery, with a maximum prize of 888 USDT in cash; for a first exchange of 200 USDT, they will also receive an additional cash reward of 2 USDT and 1 chance to enter the mystery box lottery; users who accumulate a flash exchange trading volume of 1,000 USDT can claim a cash reward of 20 USDT. The total prize pool for the event is 60,000 USDT, and rewards are available on a first-come, first-served basis.In addition, Gate will launch the fourth phase of the flash exchange regular investment benefits from July 3, 16:00 to July 17, 16:00 (UTC+8), where an individual can receive rewards worth up to 1,300 USDT. During the event, new users who complete their first flash exchange and successfully create a regular investment strategy with a successful deduction can receive up to 300 USDT in dual-currency financial experience; users who continuously complete flash exchanges and regular investment check-ins for 3 days and 7 days can receive 300 USDT and 600 USDT in dual-currency financial experience, respectively. At the same time, users who accumulate a regular investment trading volume of 100 USDT or an accumulated flash exchange trading volume of 500 USDT can share two prize pools of 10,000 USDT each based on their trading volume proportion, with a maximum of 400 USDT in dual-currency financial experience available per individual.

CME Group announced that its average daily trading volume (ADV) in June reached a new record of 30.6 million contracts, a year-on-year increase of 19%; the trading volume in the second quarter reached 29.8 million contracts, marking the second highest in history.In terms of cryptocurrency, the CME's average daily trading volume for cryptocurrency futures contracts in June increased by 76% year-on-year, reaching 334,000 contracts, with a nominal value of approximately $10.7 billion. Among these, the average daily trading volume of micro Bitcoin futures contracts grew by 46%, reaching 77,000 contracts. In the second quarter, the average daily trading volume for cryptocurrency futures contracts reached 250,000 contracts, a year-on-year increase of 32%, with a nominal value of approximately $13.7 billion, of which the average daily trading volume of Ethereum futures contracts increased by 10%, reaching 18,000 contracts.

The digital art marketplace Exchange Art, based on the Solana blockchain, officially announced that due to the prolonged downturn in the on-chain art market and the inability to find a sustainable business financial model, the platform will officially cease all operations and services on August 1, 2026.The official statement indicated that before the shutdown, all artworks and funds currently stored in Exchange Art's sales and custody contracts will be fully refunded to the original owners. Since all artworks on the platform have been minted on the Solana blockchain, users can subsequently import them directly to other markets, and creators and collectors do not need to take additional actions to ensure asset security. Additionally, the official recommends that users log into their accounts as soon as possible before the platform closes to save necessary personal information and data records.

Tom Lee, Chairman of BitMine, the largest treasury in Ethereum, stated that there are ample reasons for the ETH/BTC exchange rate to strengthen in the second half of 2026. The core logic is that the narrative of ETH as a currency is gaining market attention. Tom Lee pointed out three major catalysts: the continuous growth of stablecoins, the wave of asset tokenization, and the increase in new forks and projects within the Ethereum ecosystem, all of which are reinforcing ETH's value storage properties and improving its performance relative to BTC.Tom Lee clearly expects the ETH/BTC exchange rate to continue rising throughout 2026 and emphasized that this is a key indicator worth ongoing attention. Tom Lee believes that macro factors also support the ETH/BTC exchange rate: the decline in oil prices alleviates inflationary pressures, cryptocurrencies remain downstream beneficiary assets of the AI narrative, and the advancement of the CLARITY Act and the GENIUS Act retains a favorable regulatory window.

The on-chain spot exchange Rialto has announced its departure from stealth mode and is officially live. The platform is powered by PropAMM (proprietary automated market maker) and focuses on the integration of cryptocurrency and traditional finance, having collaborated closely with Robinhood Crypto, Offchain Labs, and Arbitrum over the past year.It is reported that Rialto is built on top of Robinhood Chain and Arbitrum, breaking the traditional market time constraints and supporting 24/7 trading of cryptocurrency spot, stock tokens, ETFs, commodities, and Pre-IPO assets. Users can self-custody equity tokens and use them directly as collateral for third-party lending. Currently, the platform is running its own PropAMM "Rivo Altus" to provide foundational liquidity, with over 90 Robinhood tokenized stocks and mainstream crypto assets already launched in the initial phase.

According to The Block, the on-chain perpetual contract exchange Extended announced the completion of a $12.5 million strategic financing round. This round was led by multi-asset trading platform eToro, with participation from Jump Crypto.It is reported that this investment is closely related to eToro's earlier acquisition of the self-custody wallet Zengo this year. eToro stated that both parties will work together to expand access to global financial markets through next-generation on-chain infrastructure and explore integration opportunities between traditional financial assets and decentralized trading environments.Extended was founded by former Revolut employees and is built on StarkWare's scaling engine StarkEx, which is set to launch by the end of 2024. Currently, eToro is integrating Zengo's multi-party computation (MPC) based non-custodial wallet technology into its brokerage platform to further expand its digital asset technology ecosystem.

Tokenization infrastructure company Securitize has officially listed on the New York Stock Exchange, with the trading code SECZ. On its first day of trading, the stock price rose by more than 16% at one point and is currently trading around $12.74, with a market capitalization of approximately $1.886 billion.Earlier reports indicated that Securitize's merger with Cantor Equity Partners II (CEPT) SPAC is expected to raise about $400 million. Securitize claims it has obtained regulatory licenses related to digital securities infrastructure in both the United States and the European Union, managing on-chain physical assets exceeding $4 billion.

Bitget's US stock options trading feature has officially launched, with the first batch opening over 540 popular underlying assets, covering core indices such as the S&P 500, Nasdaq 100, and Dow Jones 30, as well as mainstream ETFs. In the future, it will gradually cover all stocks and ETFs. To optimize user experience and lower trading thresholds, all users can trade US stocks on Bitget.The options trading launched this time adopts a T+1 settlement cycle, consistent with US stock spot trading; the trading hours are from 9:30 AM to 4:00 PM Eastern Time, and only cash trading is supported (margin buying is not supported). The margin rate for Long Call/Put is 100%.The system also provides order profit and loss estimation assistance, supports order modification, cancellation, and record inquiry, ensuring users achieve more transparent asset allocation. Users can go to the Bitget App to update to version 2.87.0 for the experience.

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 the Korea Exchange (KRX) announcement on July 2, to further improve the KOSDAQ market system, KRX has officially revised the relevant listing rules and implementation details, aiming to strictly control the deviation of technology special listing companies from their main business.The new regulations clearly state that companies listed through technology exceptions that change their main business direction within 5 years after listing (excluding businesses similar to or subsidiary to the original main business) will be subject to substantial delisting review. KRX officials specifically cited an example where a related biotechnology company transferred its management rights to an overseas digital asset company after listing last year and illegally transformed into a "cryptocurrency vault" and other digital asset professional investment institutions. KRX emphasized that such behavior has caused the company to deviate from the technical and growth assessment basis approved at the time of listing, and therefore must undergo strict delisting review.In addition, the new regulations have added additional restrictions to the grace period for delisting conditions enjoyed by special listing companies (i.e., exemption from revenue insufficiency or large-scale losses within 3 to 5 years), requiring relevant companies to publicly disclose their "corporate value enhancement plans" during this period to ensure future growth and strengthen communication with investors. This revision of regulations also includes measures to optimize the capital market, such as expanding customized qualitative review standards for innovative companies and establishing a low PBR (price-to-book ratio) company disclosure system.

Jack McDonald, Senior Vice President of Ripple's Stablecoin Business, disclosed eight recent developments regarding RLUSD in a post on X on June 29, covering settlement, regional access, on-chain liquidity, cross-border payments, multi-chain support, exchange listings, charity, and the Japanese market.Mastercard has expanded its settlement capabilities to support RLUSD across eight blockchain networks, including the XRP Ledger; Ripple has also increased the availability of RLUSD in Turkey through partnerships with BiLira, Bitexen, and Bitlo, and collaborated with Bitso to support liquidity and cross-border transactions for RLUSD and MXNB via the XRP Ledger's Permissioned DEX.RLUSD has also achieved multi-chain support through Wormhole Native Token Transfers and entered the Japanese market via SBI VC Trade after obtaining approval from the Financial Services Agency of Japan; additionally, RLUSD has been listed on exchanges such as Gate and Floq, and integrated with cross-chain infrastructure provider Squid Router, while Ripple joined Water's GetBlue campaign as its exclusive digital asset and payment partner.

According to Jinshi reports, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in July is 66.3%, while the probability of a cumulative rate hike of 25 basis points is 33.7%. By September, the probability of keeping interest rates unchanged drops to 33.1%, the probability of a cumulative rate hike of 25 basis points rises to 50%, and the probability of a cumulative rate hike of 50 basis points is 16.9%. These figures are consistent with those released before the ADP announcement.

CryptoQuant analyst Axel Adler Jr. released a report indicating that the current Bitcoin market correction is more severe than in February. The 30-day average inflow of Bitcoin to exchanges has risen to 122,000 coins, significantly higher than the annual baseline of 82,000 coins, and about 50% higher than the average of around 80,000 coins during the February sell-off period, approaching the upper range of 131,000 coins. Meanwhile, the price has dropped from $77,000-$78,000 to the current approximately $59,000.At the same time, the 30-day average SOPR (Spent Output Profit Ratio) has fallen to 0.99, consistently below the critical level of 1, indicating that the market is, on average, in a state of realized losses. From May to July, this indicator was below 1 for 37 out of 61 days. The combination of these two indicators shows that the volume of sell-offs and realized losses makes the current correction more pronounced than in February. Adler pointed out that this is not a temporary pressure event, but rather a continuous selling process. For the market to stabilize, two signals need to appear simultaneously: SOPR rising above 1 (meaning that those selling coins are no longer losing money), and the inflow to exchanges returning to annual normal levels. The main risk is that if a large amount of coins continues to flow into exchanges, the supply pressure will persist, making it difficult for market sentiment to improve.