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Bitget has launched the 7th phase of the contract VIP "Ten Million Club" event, with the event snapshot rules being "cumulative achievement for the natural month + end-of-month status confirmation." The platform will gift different tiers of six福 jewelry pure gold gift boxes based on account data as of July 31, according to the user's contract trading volume or new asset amount from July 1 to July 31.Previously, Bitget announced an upgrade to its contract VIP service system and launched the "Ten Million Club" program, where eligible users can receive customized high-end physical gift boxes from the platform on a monthly basis. Gifts such as Moutai, Hermès, Apple gift boxes, and smart home products have already been given to users.

According to Jinshi reports, SoftBank Group has executed $10 billion of its $30 billion follow-up investment in OpenAI.

The decentralized stablecoin USDD has officially launched a new dual-chain reward program in collaboration with Gate DEX. This event will take place from June 30 at 18:00 to July 30 at 18:00 (Singapore time), covering two public chains: Ethereum and BNB Chain. Among them, the Ethereum chain activity offers a base annual yield of 4% and a reward pool of 20,000 USDD; the BNB Chain activity offers a base annual yield of 4% and a reward pool of 30,000 USDD, and can be combined with Gate DEX's various business line "New Year" bonuses and USDD staking challenge rewards.Users can convert USDT to USDD and stake it as sUSDD to participate through the Gate DEX Earn-Stablecoins-Bonus section, and existing user earnings will automatically and seamlessly connect. The official reminder is that new users should ensure they have enough ETH or BNB in their wallets for Gas fees before participating in the event.

CryptoQuant CEO stated that the capital efficiency of Bitcoin is continuously declining------In 2011, a net inflow of only $5 million could double the price, while this cycle requires about $101 billion to achieve the same effect. He believes that the next parabolic bull market cycle may require net capital inflows on the order of trillions of dollars, and Bitcoin must transition from being dominated by retail-driven ETF trading to becoming a core macro asset. If Bitcoin's actual market value can exceed $1 trillion, the next bull market is still expected to occur, while the current market value of gold has reached $27 trillion, indicating significant growth potential in comparison.

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.

On July 1, according to WEEX TradFi data, the recent performance of the US stock technology sector has been mixed, with funds continuously focusing on Physical AI, robotics, and related supply chain directions that have actual implementation expectations. Among them, AMD rose about 7.7% in 24 hours, Symbotic (SYM) rose over 6.6%, Texas Instruments (TXN) rose about 4.4%, NVIDIA (NVDA) rose about 2.6%, Tesla (TSLA) rose about 2.1%, and Analog Devices (ADI) rose about 1.4%.WEEX Labs believes that market funds are shifting from a single computing power narrative to core links in the Physical AI supply chain with implementation expectations, including Tesla's Optimus production line transformation and NVIDIA's Physical AI Day, which continuously strengthen expectations for hardware and software collaboration, leading to increased attention in related sectors.

According to official news, the prediction market index provider Adjacent announced the completion of a $2.5 million Pre-Seed round of financing, with investors including Night Capital, VanEck, UFO Holdings, Maven11, and DCG.Adjacent is an independent third-party event contract and prediction market index provider, and this week it launched the U.S. election index series RED and BLUE. Adjacent stated that it is rapidly expanding its index products to cover global elections, finance, economics, and other fields.

According to Onchain Lens monitoring, a giant whale deposited 10.12 million USDC into HyperLiquid and opened a ZEC long position with 1x leverage, possibly planning to continue increasing the position. This whale previously made a profit of over 7.7 million dollars.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 10, down 4 points from yesterday. The average over the past 7 days is 13, and the average over the past 30 days is 15.

The official dYdX X account has been continuously releasing countdown teasers, and it is now in the final 1 day. Since June 25, dYdX has successively released countdown content for "5 days", "4 days", "3 days", "2 days", and "1 day". Previously, dYdX stated that "the most powerful market in the world is accessible without permission" and announced that the countdown has officially begun, with relevant news expected to be announced tomorrow.

According to Coinglass data, if ETH falls below $1,515, the cumulative long liquidation intensity on mainstream CEX will reach $619 million. Conversely, if ETH breaks above $1,662, the cumulative short liquidation intensity on mainstream CEX will reach $584 million.

According to Coinglass data, if BTC breaks through $62,027, the cumulative short liquidation intensity on mainstream CEX will reach $1.563 billion. Conversely, if BTC falls below $56,231, the cumulative long liquidation intensity on mainstream CEX will reach $1.384 billion.

According to Jinshi reports, Glenmede's Chief Investment Strategist Jason Pride and Vice President of Investment Strategy Michael Reynolds stated that investors should expect the U.S. unemployment rate in June to remain unchanged at 4.3%, with non-farm payrolls increasing by about 87,000. Although this is a decline from May's 172,000, it is still considered a strong result in the current "low hiring, low layoffs" labor market environment.

According to the disclosure from the People's Procuratorate of Jing'an District, Shanghai, recently, the court prosecuted a certain Li for suspected illegal business operations in a criminal gang that used virtual currency for cross-border money laundering and illegal foreign exchange. On June 10, the case was heard in court and a verdict was announced on the spot, marking a conclusion to a series of illegal business operations spanning three years and involving over 200 million yuan. In July 2024, the State Administration of Foreign Exchange discovered abnormal clues regarding Company Z using virtual currency to transfer assets for domestic clients during routine monitoring, and subsequently referred the case to the public security authorities for handling.Investigations revealed that Company Z was registered overseas in 2019, promoting itself under the guise of a "private bank" and developing a virtual banking app to create a facade of legitimacy, but it had not obtained the necessary foreign exchange business operation license in China and was essentially engaged in illegal foreign exchange activities. The gang targeted high-net-worth individuals with funding needs for overseas property purchases, immigration, and studying abroad, using intermediaries to attract clients, with customer managers, traders, and customer service personnel facilitating the currency exchange process. Clients purchased virtual currency from virtual currency exchangers with renminbi and transferred it to Company Z's overseas virtual wallet, after which the gang exchanged the virtual currency for foreign currency abroad and transferred it to the clients' designated overseas accounts. There was no actual cross-border flow of funds; instead, settlements were made through domestic and foreign capital pools, with Company Z charging a 3% currency exchange service fee and paying intermediaries a 0.5% commission.A total of nine individuals have been brought to justice in this case, while one main suspect is still under investigation. After review, the relevant personnel collectively violated national laws by illegally buying and selling foreign exchange, disrupting financial order, and the circumstances were serious or particularly serious, warranting criminal liability for illegal business operations. The court sentenced five individuals, including Gao and Li, to prison terms ranging from six years to two years and six months, and imposed fines ranging from 1.5 million yuan to 300,000 yuan; for Chen, Huang, and four others, due to lighter criminal circumstances, relatively smaller amounts involved, and voluntary confession, the procuratorial authority made a decision of relative non-prosecution according to the law.

According to Jinshi reports, Wedbush has initiated coverage of SpaceX (SPCX.O) with an "Outperform" rating and a target price of $190.

According to CoinPost, bitFlyer Europe, a subsidiary of bitFlyer Holdings in Luxembourg, has obtained the CASP license under the MiCA framework issued by the Luxembourg Financial Supervisory Authority (CSSF), effective June 26. With this license, bitFlyer can provide cross-border services across all 27 member states of the European Union. bitFlyer stated that this is the first time a Japanese cryptocurrency exchange has obtained a CASP license under MiCA.

According to official social media news, Huobi HTX will hold a themed live broadcast today at 20:00 titled "Concerns About AI Bubble + Rising Interest Rate Expectations: Is Now the Time to Buy BTC or Should We Wait?" At that time, crypto KOLs such as Sister Mao Mao, Dada, Crypto.0824, and Genuine Little Taoist will attend to analyze whether BTC is facing new allocation opportunities in light of the current macro environment and market sentiment, and how investors should grasp the subsequent market rhythm.

According to monitoring by Lookonchain, the whale 0xaeaa opened a short position of 1100 BTC (64.95 million USD) with 20x leverage, with a liquidation price of 67914.56 USD.