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According to The Block, Standard Chartered stated that it maintains its price prediction of Bitcoin reaching $100,000 by the end of 2026. The recent market decline triggered by movements related to Strategy (formerly MicroStrategy) is not due to a deterioration of the company's balance sheet, but rather a failure of the strategic adjustments to be fully understood by the market.Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, pointed out in a report that Strategy's recent behavior is disrupting short-term market expectations for Bitcoin. The market had previously accepted the narrative of the company "never selling Bitcoin," but now Strategy seems to be shifting towards a more complex capital operation model. Whether this change can be clearly communicated will determine when market pressure eases.Currently, Strategy holds 843,775 Bitcoins, accounting for over 4% of the total supply of 21 million Bitcoins. Between 2020 and mid-2025, Strategy's mNAV (market value/Bitcoin asset value) has remained above 1, allowing the company to finance Bitcoin purchases through stock issuance and achieve shareholder value growth.The commitment to "never sell Bitcoin" is the core of this model gaining market recognition. However, as the current mNAV approaches 1, the leverage effect of this financing model is weakening. Kendrick believes that Strategy is transitioning from a "Bitcoin accumulation tool" to a "Bitcoin credit support tool," meaning it holds Bitcoin as the credit basis for its perpetual preferred stock STRC.STRC currently has a scale of about $10 billion, making it the largest financial instrument launched by Strategy, with an annualized dividend yield of 12%, paid in cash every half month, and its price maintained around the $100 par value through an interest rate adjustment mechanism. Standard Chartered stated that STRC is currently trading at about $90, while Strategy has a dollar reserve of about $2.55 billion for paying dividends, which can cover approximately 17.4 months of dividend expenses.Kendrick stated that the policy adjustment allowing the sale of Bitcoin does not necessarily mean the company will continue to sell. He believes that as long as the market believes the new capital structure arrangement can stabilize the STRC price, Strategy may not actually need to sell Bitcoin. He likened this mechanism to a central bank's commitment to "take action no matter what": restoring market confidence alone may mean that actual intervention might not occur at all.

According to Lookonchain, a trader claimed to have missed ANSEM, CZ, and TCC, but successfully bought CASHCAT. He had sold 20 million CASHCAT early on, only earning $2,803, and later calculated that he missed out on about $3.6 million.He then repurchased 7.7 million CASHCAT and currently still holds 906,000, with a market value of about $162,000. His cumulative profit on this token is approximately $396,000.

According to Gate market data, the Hong Kong stock market closed with the Hang Seng Index rising 0.6% and the Hang Seng Tech Index falling 0.21%. The total turnover of the Hang Seng Index reached HKD 339.592 billion.On the market, chip stocks, optical communication, PCB concepts, and mobile game stocks had the largest declines, while pharmaceutical outsourcing concepts, military industry stocks, pork concepts, and automotive sectors had the largest gains. In terms of individual stocks, Zhiyu fell over 19%, MINIMAX-W fell over 9%, Hua Hong Semiconductor fell over 8%, CATL fell nearly 8%, and SMIC fell over 4%; Goldwind Technology rose over 8%, CK Hutchison rose over 7%, Leap Motor rose over 6%, WuXi AppTec rose over 4%, and Xiaomi Group rose over 3%.

According to on-chain analysts, the Hyperliquid whale (0x410...75d08), which previously shorted 16 altcoins for a profit of $3.5 million, withdrew 7,863 ETH from Spark one hour ago, and then deposited all of it into Binance, suspected of selling off.A week ago, it also transferred 6,860 ETH to the exchange, approximately $10.8 million.

Hyperliquid Policy Center (HPC) and wallet service provider Phantom submitted a joint opinion to the U.S. Commodity Futures Trading Commission (CFTC), calling for a clear delineation of the roles of "infrastructure developers" and "regulated financial service providers" in on-chain markets.The two parties suggested to the CFTC: first, to confirm that merely releasing on-chain protocol software does not constitute a regulated activity that requires registration, to avoid developers being seen as unregistered exchanges or clearinghouses; second, to provide a compliant pathway for existing licensed exchanges and clearinghouses to conduct matching and clearing using on-chain infrastructure; third, to elevate the previous "no-action letter" regarding Phantom's "non-custodial wallets not being financial intermediaries" to formal rules, providing a unified and predictable regulatory framework for similar wallets.

CryptoQuant analyst Axel Adler Jr. stated that since July 7, the Bitcoin futures market has been continuously dominated by sellers. The cumulative volume delta (CVD) shrank nearly 70% from +800 million dollars to +230 million dollars within two days, while the price fell from about 64,000 dollars to 62,000 dollars during the same period. On July 8, there was a brief buying pulse, recording +22 million and +48 million dollars in buying over two consecutive hours, but the price remained almost unchanged around 62,100 dollars, only to be completely erased by a selling wave of 92.7 million dollars within a single hour.The analyst pointed out that the positive CVD still indicates that buyers have an accumulation advantage since the beginning of the month, but the speed of contraction and the simultaneous price decline suggest that momentum has shifted to sellers. This is not a panic washout, but rather a continuous shift in capital flow. If the CVD falls below the zero axis, it would mean that sellers not only dominate the current capital flow but have also completely erased the buyers' accumulation advantage, confirming a more sustained bearish pattern. The current 62,000 dollar area has become a resistance level rather than a demand support zone.

According to Onchain Lens monitoring, a wallet possibly belonging to Multicoin Capital appears to be selling HYPE through Galaxy Digital.167,000 HYPE (approximately $11.2 million) was routed through an intermediary wallet to Galaxy Digital's over-the-counter trading platform at around 5 o'clock.

Glassnode's latest weekly report points out that Bitcoin has been continuously operating below the real market average and the cost basis of short-term holders for the past five months, remaining in a deep value range. This indicates that while the market bottoming process is progressing, it has not yet been completed.On-chain data shows that long-term holders' realized losses account for 43% of the total realized value, with the recent daily average realized loss peak rising to $280 million, the highest level since December 2022, indicating that selling pressure has not significantly eased.

According to official social media news, Huobi HTX will hold a live debate themed "STRATEGY: The Commitment to Never Sell Coins is Broken: Where Will Institutional Holding Models Go?" today at 20:00. At that time, Shouyi, Maomaojie, Wang Fugui, and DeFi Sniper will represent the affirmative side, while the opposing side will consist of 0824, Mo Cheng, Nika, and Daidai engaging in a clash of viewpoints. Both sides will conduct an in-depth discussion on key topics such as why institutions are beginning to adjust their holding strategies and how market liquidity will evolve, jointly analyzing the new changes and trends in the cryptocurrency market.

According to Gate market data, U.S. stocks closed lower on Tuesday, with the Dow Jones Industrial Average initially down 0.25%, the S&P 500 index down 0.45%, and the Nasdaq down 1.16%. Storage chip stocks continued to decline, with SanDisk (SNDK.O) down 7%, Western Digital (WDC.O) down nearly 8%, and Micron Technology (MU.O) down 4.7%. The Nasdaq China Golden Dragon Index closed down 0.57%, with iQIYI (IQ.O) down nearly 7%.

CryptoQuant analyst Axel Adler Jr. stated that Strategy recently sold 3,588 BTC, marking the largest recorded Bitcoin sale to date, with the funds used for preferred stock payments and to replenish USD reserves.According to the Form 8-K document he cited, the sale was executed in two batches: from June 29 to June 30, 1,363 BTC were sold at an average price of $59,256, generating $80.8 million; from July 1 to July 5, 2,225 BTC were sold at an average price of $60,773, generating $135.2 million, for a total revenue of $216 million. The funds were used for preferred stock payments and to replenish USD reserves.Axel indicated that this sale differs from the sales made in 2022 for tax optimization, as it is primarily driven by debt obligations and does not represent a change in Strategy's long-term Bitcoin strategy. As of July 5, Strategy still holds 843,775 BTC and $2.55 billion in reserves, with this sale accounting for approximately 0.4% of its Bitcoin reserves.He also pointed out that after the announcement, the Bitcoin futures market positions significantly cooled down, with the Composite Market Index (IMI) dropping from about 80 to 32.6, briefly approaching 20, entering a bearish range; however, Bitcoin prices have largely remained in the range of $61,600 to $64,200, still above the 30-day fair value of $61,800. Analysts believe that the market currently views this sale as passive liquidity management rather than the beginning of a systematic reduction.

Grayscale Research stated that Strategy sold a portion of Bitcoin last week, which may help reduce financing risks and provide support for Bitcoin price stability.The sale of approximately $216 million increased its dollar reserves, which is expected to cover about 17 months of dividend payment needs. Meanwhile, the STRC price rebounded, indicating that investors reacted positively to this decision.

According to on-chain analyst Ai Yi's monitoring, a certain whale that accumulated 22,567 ETH between November 2025 and July 2026 is suspected of selling 7,347 ETH at a loss of 4.041 million USD.This address built a position of 52.77 million USD in ETH at an average price of 2,338 USD, and has been gradually depositing 8,947 ETH to FalconX since April of this year, with the most recent deposit being 7 hours ago. If sold, the total loss would amount to 4.196 million USD.

According to The Block, South Korean media regulators will give Polymarket an opportunity to respond before deciding whether to take corrective action against its prediction market platform.Regulators are reviewing whether Polymarket's services constitute illegal gambling activities prohibited by South Korean law.

According to on-chain analyst @ai_9684xtpa, a suspected insider address built a position when the market cap of the Meme coin CZ was only about $150,000 and has now started to sell.According to on-chain data monitoring, the address 0xf34...fddee spent only $756.8 yesterday to buy 5.108 million CZ, with a purchase cost of about $0.0001481. Ten minutes ago, this address sold 25% of its holdings at a price of $0.06853, making a profit of about $87,000.Currently, this address has accumulated a profit of about $374,000, including unrealized gains, with a return rate as high as 49,421.1%.

The China Payment and Clearing Association has issued a warning to prevent cross-border gambling scams involving virtual currency, aimed at helping the general public enhance their awareness of fraud prevention and their ability to recognize scams.The China Payment and Clearing Association reminds that cross-border gambling results in "ten bets, ten losses." Participating in gambling through virtual currency is more concealed and risky. Engaging in gambling and providing funding for gambling activities is illegal and against regulations. Do not participate in virtual currency gambling transactions, and maintain the bottom line of financial security.

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.