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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.

CryptoQuant analyst Axel Adler Jr. posted an analysis on the X platform stating that Bitcoin has entered the late stage of a bear market, and the U.S. spot ETF has shown for the first time that selling pressure is easing. In the latest trading day, the U.S. spot Bitcoin ETF saw a net inflow of $223 million.Most of the demand flowed into FBTC (+$166 million) and ARKB (+$91.8 million).

According to monitoring by Lookonchain, the BlackRock ETF address has recorded a net outflow of Bitcoin for 10 consecutive trading days, totaling 35,980 BTC (approximately 2.24 billion USD).

According to on-chain analyst Onchain Lens (@OnchainLens), Riot Platforms deposited 500 BTC (approximately $30.72 million) into NYDIG Custody.

JPMorgan analysts stated that Michael Saylor's Strategy recently officially launched a Bitcoin selling policy, transforming the company from a pure BTC buyer into a potential seller, introducing "avoidable two-way risk" to the crypto market. Strategy's Bitcoin selling policy is called the BTC Monetization Program, allowing the company to sell Bitcoin to raise up to $1.25 billion in cash reserves for paying preferred stock dividends and interest expenses, or for repurchasing preferred stock and common stock to optimize its capital structure.JPMorgan believes that if Strategy may sell BTC in the future, it will increase market uncertainty and volatility regarding Bitcoin prices. Analysts noted that if the company instead supplemented future dividend payment reserves through equity issuance, this risk could have been avoided. Strategy currently has a minimum cash reserve target set to cover 12 months of preferred stock dividends and interest expenses, with the current $2.55 billion cash reserve approximately covering 17 months of dividends. JPMorgan believes the company should increase its cash reserves to cover 24 to 36 months of related obligations, even if this may lead to common stock trading at a discount to net asset value, it would reassure investors that the company will not be forced to sell Bitcoin in the short term.

According to the South China Morning Post, Sun Shengbin from the Wenzhou Public Security Bureau and Lou Yandi from the Zhejiang Provincial Public Security Department's Criminal Investigation Team published a technical paper on June 4 in the journal "Forensic Technology," systematically disclosing the Chinese police's forensic tools and case handling processes for virtual currency assets such as Bitcoin and Ethereum. The content covers aspects such as device cracking, evidence collection, on-chain transaction tracking, and asset freezing and seizure.The paper outlines several tracking methods, one of which involves tracking transaction fees back to exchanges like Binance, allowing the police to obtain user data. The police can acquire "Know Your Customer" (KYC) records from major exchanges such as Binance, OKX, and HTX through formal legal channels. For funds stored in exchanges, the police can freeze accounts for six months, and the freezing period can be extended.Additionally, the document emphasizes strict operational bottom lines: investigators must not privately hold private keys. The principle of "separation of case handling and custody" must be adhered to, with comprehensive supervision and the establishment of a clear regulatory chain record.

SK Hynix evaporated $160 billion in market value in a single day (approximately 1 trillion RMB), with its total market value falling below the $1 trillion mark, while Bitcoin saw a slight rebound today. According to 8MarketCap data, Bitcoin's market value has returned to above $1.2 trillion, with a 24-hour increase of 2.41%, rising to the 16th position in the global asset market value ranking, surpassing storage giants such as Samsung, Micron, and SK Hynix.

According to the South China Morning Post, citing informed sources, the AI video generation startup Kling AI, spun off from Kuaishou, is about to complete a $3 billion financing round, with a post-investment valuation reaching $18 billion, with Tencent participating in this round of investment. It is reported that this final valuation has been adjusted down from the initial target of $20 billion set in April this year.Informed sources further pointed out that with the release of the latest AI video model driving a surge in annual recurring revenue, Kling AI plans to initiate the Hong Kong listing process within the next 12 months. The funds raised and future IPO revenue will mainly be used for infrastructure construction such as computing power and data centers, as well as recruitment and retention of talent.

Empery Digital (EMPD) stated that it may sell part of its holdings of 3,000 Bitcoins to finance a $65 million AI data center project. The company currently has no plans to continue increasing its BTC holdings.