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Jack Mallers explained the reasons for needing to buy Bitcoin currently, stating that the dollar must depreciate, debt must be monetized, and inflation must begin. Do not feel fear or fatigue because of BTC; the sellers have exhausted themselves, and this is a historic buying opportunity.

According to CoinGlass data, influenced by changes in the US-Iran situation and other factors, international gold (XAUT) once fell below the $4000 mark, with a quote of approximately $4009.98, a 24-hour decline of about 1.31%. The total 24-hour spot trading volume of XAUT across the network reached $50.4048 million, with the Gate platform's trading volume exceeding $7.0887 million, ranking third in the network; the total 24-hour contract open interest of XAUT across the network reached $499 million, with the Gate platform's open interest exceeding $117 million, ranking third in the network.

According to Jinshi reports, JPMorgan strategists advise investors to close positions on the flattening of the 10-year to 30-year U.S. Treasury yield curve ahead of the U.S. CPI data release and Federal Reserve Chairman Waller's first testimony before Congress to address the upcoming event risks.The strategists stated that due to the escalation of geopolitical tensions and hawkish remarks from Federal Reserve officials, short-end U.S. Treasury yields rose by 6 basis points, and the yield curve flattened by 3 basis points. Waller expressed concerns that high inflation may become entrenched in market inflation expectations, stating that if CPI data continues to show strong core inflation pressures, the Federal Reserve will need to consider tightening monetary policy in the near term.

The total circulation of stablecoins has fallen by about $10 billion from the peak in May 2026 to about $312 billion, with a decrease of $7.7 billion in June alone, marking the largest single-month dollar decline since the Terra-Luna event in 2022. The supply of Tether USDT decreased from about $190 billion to about $184 billion, while Circle USDC fell from nearly $80 billion to about $73 billion. However, the overall decline is only about 3%, far lower than the over 26% contraction during the bear market from 2022 to 2023.Market participants believe this fluctuation is a normal adjustment within a strong long-term growth trend, as the market value of stablecoins has doubled in two years. There was also a decline of about $9 billion from late 2025 to early 2026, followed by a return to historical highs. Positive factors include regulatory progress such as the GENIUS Act driving new competitors into the market, the circulation growth of regulated products like Global Dollar (USDG) under Paxos, and major financial institutions still expecting the stablecoin market to reach trillions of dollars by the end of this decade.

According to Jinshi reports, analyst Eamonn Sheridan expects the U.S. Consumer Price Index for June to decrease by 0.2% month-on-month, marking the first recorded decline since the pandemic, primarily driven by a 15% drop in gasoline prices from mid-May to the end of June.The annualized inflation rate is expected to slow from 4.2% in May to 3.8%. Core CPI is expected to rise by 0.2% month-on-month, with the annualized core inflation rate expected to slightly decrease to 2.8%. The annualized growth rate of service inflation is 3.4%, higher than 2.9% in January.

According to on-chain analyst Ai Yi (@ai_9684xtpa), affected by the continuous decline of the Korean stock market, the Binance contract smart money address "Yu Yu m" has incurred an unrealized loss of $2.091 million on long positions related to SK Hynix, topping the loss list for the past three days.The specific holdings are as follows: • $SKHX: Holding 7,462.68 shares (approximately $11.03 million), opening price $1,477.89, current unrealized loss $1.954 million • $SKHY: Holding 25,733.63 shares (approximately $4.045 million), opening price $157.22, current unrealized loss $137,000.Currently, the margin for this address is relatively sufficient, with the liquidation prices for $SKHX and $SKHY dropping to $756 and $27.59 respectively, with no risk of liquidation at this time.

Cryptocurrency trading and liquidity service provider Cumberland announced on platform X that its Singapore subsidiary Cumberland SG Pte. Ltd. has obtained the MPI license issued by the Monetary Authority of Singapore (MAS), allowing it to conduct Digital Payment Token (DPT) services and cross-border money transfer services.

Jupiter announced the launch of the digital card platform Jupiter Gacha, supporting collectors in purchasing real-rated Pokemon and One Piece cards. The related cards will be issued in a fully on-chain format and can be traded on the Solana DEX.According to the introduction, each draw on Jupiter Gacha corresponds to a certified rated card, giving users the chance to draw cards worth more than the amount paid, and rewards can be obtained during the event. This feature is currently in the Beta testing phase.

According to CoinDesk, a wholesale digital market report supported by the UK Treasury lists Ripple as one of the core participants, planning to transition repurchase agreements (repo), UK government bonds (gilts), and funds from the regulatory sandbox to the real market within the next 12 months, with an expected annual increase of about £33 billion in output and £14 billion in tax revenue for the UK economy over the next decade.The report proposes a hybrid architecture that overlays a permissioned institutional network on top of a public chain, using BlackRock's tokenized money market fund BUIDL on Ethereum as an example, while also noting that the finality risk of settlements brought about by public chain restructuring remains to be resolved. The report also mentions Ripple's acquisition of Hidden Road (renamed Ripple Prime) and Santander UK's use of the Ripple blockchain for cross-border payments, suggesting that traditional finance and crypto institutions are converging.

According to Coindesk, Bernstein stated in a research report released on Monday that Robinhood's newly launched blockchain, Robinhood Chain, has performed strongly since its launch, quickly becoming one of the most active networks for decentralized trading.The report noted that since the mainnet went live on July 1, the DEX trading volume on Robinhood Chain reached $3.1 billion in the past week, ranking it among the top five chains by DEX activity. Currently, over 65,000 users hold approximately $13 million in tokenized stocks and $300 million in stablecoins on the chain.Bernstein believes that the early adoption of Robinhood Chain highlights the accelerated integration of tokenized real-world assets with the broader DeFi ecosystem. The network is built on Arbitrum, an Ethereum Layer 2, supporting Robinhood's tokenized stock products, providing 24/7 trading, self-custody, as well as on-chain use cases such as lending and collateralization, and has integrated with partners like Uniswap, Morpho, Lighter, Chainlink, and BitGo.The report also stated that although the current early trading volume is primarily driven by meme coins, Robinhood is expected to focus more on tokenized stocks, commodities, and other RWA assets, as well as perpetual contract business in the future.

CryptoQuant analyst maartunn stated that Binance's monthly futures trading volume has surpassed $1.6 trillion, setting a new high for the year. Bitcoin is currently hovering around $60,000, and market sentiment remains cautious, with many traders still describing the market as bearish.Europe is still adapting to the MiCA regulatory framework, and the summer holiday typically leads to a slowdown in trading activity. Nevertheless, Binance's derivatives trading continues to maintain strong momentum. The surge in trading volume indicates that, despite various factors, traders are still actively participating in Binance's futures market.

Token Pocket's Chief Business Officer Michael stated that the mnemonic phrase of the Robinhood founder was leaked during a live broadcast. After hackers gained control of the address, they used that address and associated addresses to buy a large amount of the Meme coin at $1, prompting thousands of investors to follow suit, rapidly increasing the market value of the token from about $500,000 to $14 million in a short period.Subsequently, the price of the $1 token fell sharply, with a trading volume of about $20 million within just two hours. After the related addresses were frozen, the hackers quickly moved to the BNB Chain (BSC), using that address and its associated addresses to issue new tokens, and created trading hype through self-buying and selling, ultimately executing a sell-off to cash out. Robinhood's RPC has frozen that address, and nodes do not allow transactions sent from that address to be packaged, so transfers and trades cannot be conducted.

Recently, international crude oil prices have continued to rise, and trading activity in the energy market remains active. According to market data from the Gate platform, WTI crude oil (CLUSDT) reached a 24-hour high of $74.53, currently reported at $74.26, with a 24-hour increase of 0.97%; Brent crude oil (BZUSDT) reached a 24-hour high of $79.19, currently reported at $78.94, with a 24-hour increase of 1.14%. CoinGlass data shows that the 24-hour trading volume of Gate CLUSDT contracts reached $6.1124 million, with an open interest of approximately $8.6676 million; the open interest of Gate BZUSDT contracts is approximately $3.0748 million, both ranking among the industry leaders.

According to a report by the Procuratorial Daily, researchers from the People's Procuratorate of Yuhu District, Xiangtan City, Hunan Province, and the Law School of Xiangtan University have jointly written an article proposing a systematic response plan to the regulatory dilemmas of money laundering crimes using virtual currency. The article points out that current judicial practice faces three major dilemmas: first, Article 191 of the Criminal Law limits money laundering crimes to seven types of upstream crimes, resulting in many cases being treated as "concealment crimes"; second, methods such as mixers, privacy coins, and cross-chain transfers lead to fragmented evidence chains, making traditional investigative methods difficult to penetrate; third, conflicts in the legal attributes of virtual currency, a vacuum in procedural rules, and barriers to cross-border cooperation make it difficult to recover assets.In response, the article suggests promoting "dual investigations for one case," establishing the principle of self-authentication of blockchain data, constructing a tiered standard of proof, and establishing a national-level custody and disposal platform for involved virtual currencies, while actively promoting the signing of special agreements for international criminal justice assistance in virtual currency crimes.

According to Jinshi reports, the yield on the U.S. two-year Treasury bond reached a 17-month high of 4.2393%, and federal funds rate futures indicate that the market expects a rate hike of 39 basis points by December.

According to on-chain analyst Yu Jin's monitoring, the ETH/BTC exchange rate has recently rebounded from 0.02524 to 0.02855. A certain whale specializing in ETH/BTC exchange trading exchanged 13,708 ETH for 393.4 BTC half an hour ago, worth 25 million USD, shorting the ETH/BTC exchange rate, with a transaction rate of 0.02855.This whale is a coin-based trader; if the exchange rate falls, they can exchange back for more ETH. Over the past six months, through multiple exchange rate trades, they have increased their coin-based holdings by 6,475 ETH, worth 11.78 million USD.

According to local media reports in Thailand, Thailand will require individuals to verify the source of funds when depositing more than 5 million Thai Baht (approximately 150,000 USD) in cash. This intervention expands the compliance responsibilities of commercial banks regarding cash networks, large currency exchanges, precious metal transactions, and suspicious stablecoin transactions, directly preventing regulated entities from fostering systemic corruption or a shadow economy.In addition, the Bank of Thailand and the Securities and Exchange Commission (SEC) have jointly conducted audits focusing on Tether (USDT) to identify and prevent illegal fund flows. This crackdown also includes strengthening controls over precious metal transactions, requiring banks to report suspicious patterns, such as rapid digital purchases and same-day physical withdrawals, to combat money laundering activities.

According to monitoring by Catcher Predict, in the predicted market event "Arizona Diamondbacks vs. Los Angeles Dodgers" on Polymarket, the option "Los Angeles Dodgers" in the sub-market "Spread -1.5" experienced a sharp fluctuation in winning probability, dropping from 62.5% an hour ago to the current 42% (a fluctuation of 20.5%). Please note the impact of related breaking news.

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.

According to CoinDesk, the stablecoin market experienced its largest correction in recent years in June, with a total market value decrease of $7.7 billion, marking the largest monthly decline since the Terra-Luna collapse in May 2022.Since the peak in May, the stablecoin market has shrunk by approximately $10 billion, with two major stablecoin issuers being the main driving factors behind this round of correction: the market value of USDT issued by Tether has dropped from about $190 billion in May to $184 billion, a decrease of about $6 billion; USDC issued by Circle has fallen from a high of nearly $80 billion in March 2026 to about $73 billion, shrinking by about $7 billion.However, compared to the cumulative decline of over 26% in the stablecoin market during the crypto winter of 2022, this round of adjustment is still relatively mild. Wall Street institutions remain optimistic about the long-term prospects of stablecoins, with Citigroup previously estimating that the global stablecoin market could reach $1.9 trillion under a baseline scenario by 2030, and could rise to $4 trillion under an optimistic scenario.