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Strategy founder Michael Saylor said on his X account that Bitcoin has had no problems with spam transactions over the past 10 years, despite debates surrounding "Block Space" and concerns about non-monetary uses. He added that transaction fees are currently at the 1 sat/vB level, which allows anyone to instantly transfer any amount of money anywhere in the world for about $0.3. Furthermore, Saylor explained that the challenge of Bitcoin's blockspace is being resolved through free market principles.

Publicly traded companies that accumulate Bitcoin hold approximately 1,340,145 BTC, valued at around $82.89 billion, with Strategy (Nasdaq: MSTR) alone accounting for 62.96% of the total, according to an analysis by CoinMarketCap. The analysis noted that strategic directions are diverging among these firms amid June's record-setting outflows from spot Bitcoin ETFs. While Strategy has reduced its holdings, Strive's BTC reserves have surpassed 19,800 BTC, and mining companies like Riot and CleanSpark are also increasing their holdings.

Cumulative fee revenue for decentralized finance (DeFi) protocols from the beginning of 2023 to May 2026 reached approximately $25 billion, Unfolded reported. According to data from Token Terminal, decentralized exchanges (DEXs) drove this growth, accounting for about half of the fee revenue. They were followed by platforms for liquid staking tokens (LSTs), lending, and derivatives. The report noted a particularly sharp increase in DeFi fee revenue between 2025 and 2026. Unfolded described DeFi's ability to generate real revenue and support cash flow-based valuation logic as a key achievement. However, the firm also pointed out that revenue sources are concentrated in specific areas, meaning overall diversification remains limited.

The U.S. Secretary of Defense said the United States could attack Iran tonight if President Trump gives the order.

Roughly a week after the full implementation of its landmark MiCA (Markets in Crypto-Assets) regulation, the European Commission (EC) is already considering partial amendments. According to The Block, the EC is discussing whether to expand MiCA's regulatory scope to cover emerging technologies, including stock tokens and non-EU stablecoin issuers. The commission plans to gather feedback from industry stakeholders on the potential changes until Sept. 30. Currently, MiCA does not directly regulate security tokens; they are instead subject to existing EU securities laws.

The Solana (SOL)-based prediction market project World announced via its official X account that it has decided to migrate to Robinhood Chain. Robinhood Chain is an Arbitrum (ARB)-based Layer 2 public chain launched by the U.S. stock and crypto trading app Robinhood (HOOD).

AI Financial, the U.S.-listed company formerly known as Alt5 Sigma that purchased a large volume of World Liberty Financial (WLFI) tokens, is in negotiations to sell its core payments division to Japanese blockchain firm Perpetuals.com for up to $15 million, The Wall Street Journal reported. The DeFi project is linked to the Trump family. AI Financial had previously raised $750 million for additional WLFI token purchases. Since then, the price of WLFI has fallen by 70%, and AI Financial's stock has plummeted by over 90% in the same period, with its market capitalization dropping to around $80 million. The Journal noted that the Trump family is entitled to 75% of the proceeds from WLFI token sales and that AI Financial's purchase resulted in a cash infusion of about $540 million to a Trump-related entity.

XRP must defend the $1 support level to prevent further declines, according to an analysis by CryptoPotato. The publication noted that on the daily chart, XRP is trading within a distinct downward channel, suggesting a prevailing bearish trend for the medium to long term. Both the 100-day and 200-day moving averages maintain a downward slope and have formed a strong resistance zone around $1.25. However, buying pressure has emerged near the $1 mark since early June, which has so far halted additional losses. If this $1 support level fails, the price could see an accelerated drop toward the channel's lower boundary at approximately $0.80, the analysis explained.

The three major U.S. stock indices are all trading lower, with the Nasdaq's intraday decline widening to 1.09%. The Dow Jones is currently down 1.57% and the S&P 500 is down 1.07%.

U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig stated that the United States will never issue a Central Bank Digital Currency (CBDC). In an interview, he said President Donald Trump's digital asset working group is well aware of the dangers a CBDC poses to ordinary Americans who do not want their economic decisions monitored and censored. Selig emphasized that under the CFTC's watch, the U.S. will never issue a CBDC.

Iran has officially suspended nuclear deal negotiations with the United States, citing threats from Washington, a high-ranking Iranian source told Russia's TASS news agency on July 8.

Layer 1 blockchain Sui announced via its official X account that the cryptocurrency hardware wallet Ledger now supports SUI. Ledger added that a new upgrade has been officially deployed to its Ledger Wallet app, allowing users to swap cryptocurrencies, stake, and trade perpetual futures within the application.

The U.S. military is prepared to immediately resume a blockade of ships to and from Iranian ports if an order is given, a U.S. official said, according to Fox News.

Bitcoin tends to show strength in July, even during bear markets, according to CryptoQuant. The analytics firm noted that despite overall bearish market trends in 2018 and 2022, Bitcoin rose by 20% and 17% in July of those years, respectively. This year, Bitcoin entered July after an approximately 11% rebound from its cycle low of $57,700, and CryptoQuant suggested that this seasonal factor points to a higher probability of further short-term gains. The firm added, "Speculative demand in the Bitcoin futures market is recovering to a neutral level. A rebound in the Coinbase Premium Index also suggests improving demand from U.S. investors."

Adam Back's Bitcoin Standard Treasury (BSTR) is renegotiating its merger terms with special-purpose acquisition company (SPAC) Cantor Equity Partners (CEPO), Bloomberg reported. The decision follows a downturn in investor sentiment toward Bitcoin treasury companies amid the recent crypto market slump. CEPO stated that it will not proceed with the merger agreement signed last year and will instead pursue a revised deal that better reflects current market conditions. The financial terms and timeline for the new agreement have not been disclosed. CoinNess previously reported that a shareholder vote on the merger had been postponed to July 2. Upon completion of the merger, BSTR is expected to be listed on Nasdaq and will launch as a Bitcoin treasury company holding 30,021 BTC.

U.S. President Donald Trump stated that no one besides the United States will be able to secure Iran's uranium.

Iran will close the Strait of Hormuz if it faces a new attack, its state-run Press TV reported, citing a source.

Sharplink (Nasdaq: SBET), a Nasdaq-listed company that strategically accumulates Ethereum, announced via its official X account that it earned 449 ETH in staking rewards this week. The company's total accumulated staking rewards now stand at approximately 22,911 ETH, worth around $39.79 million at current prices.

Cardano blockchain infrastructure developer Emurgo has announced it is stepping down from the governance group Pentad to focus on recovery efforts following an exploit of the SecondFi wallet. According to The Block, the move comes after the Cardano ecosystem wallet, formerly known as Yoroi, was attacked in June. The exploit resulted in hundreds of users having their funds stolen, with damages estimated at the time to be around $2.4 million.

Cryptocurrency venture capital firm Paradigm has raised a new $1.2 billion fund to expand its investments into fields beyond crypto, such as artificial intelligence (AI) and robotics. According to Bloomberg, Paradigm's decision to broaden its focus comes amid a surge in investment for AI startups, which contrasts with a slowdown in the crypto sector. Co-President Alana Palmedo clarified that the firm is not halting its crypto investments. She described crypto as the firm's "first frontier" and still an "exciting area," but noted that significant changes are now occurring in other fields that are too difficult to ignore. Fellow Co-President Matt Huang added that Paradigm was founded to invest in technological paradigm shifts, not solely in crypto. He explained that while that shift was crypto a decade ago, today it is AI.

U.S. supply chain company Made In USA Inc. is adopting the XRP Ledger (XRPL) as its blockchain infrastructure. According to The Crypto Basic, the company plans to integrate XRPL into its core technology infrastructure to build a system for U.S. supply chain verification and product certification.

Iran's Tasnim News Agency reported on July 8 that it is neither logical nor reasonable for Iran to continue implementing the Islamabad Memorandum of Understanding (MOU) now that U.S. President Donald Trump has officially declared its termination. The report, conveying Iran's position, stated that the country must respond to Trump with clear action. According to the Iranian side, while its negotiating team worked to advance the MOU, it was evident from the outset that the United States would not honor any agreement, particularly when Iran asserted its own rights. The agency added that the MOU was effectively nullified from the beginning due to the U.S. failure to fulfill its commitments and that its official end was merely formalized the previous night.

Ripple (XRP) has become an official sponsor of the University of Kansas athletics program, the Kansas Jayhawks, The Block reported. An XRP patch will be featured on the Kansas Jayhawks' uniforms. Ripple CEO Brad Garlinghouse is an alumnus of the University of Kansas.

Non-custodial Bitcoin exchange Bull Bitcoin announced on July 8 that it has filed a petition with France's Conseil d'État, the country's highest administrative court, to annul a government decree implementing the European Union's crypto tax reporting directive, DAC8. Bull Bitcoin argued that the regulation could create surveillance and physical risks for up to 135 million European crypto holders. DAC8 mandates that crypto service providers collect user identity and transaction data and automatically report it to national tax authorities, with the information then shared among EU member states. The directive took effect on Jan. 1, 2026. In a press release, Bull Bitcoin warned that DAC8 risks creating a massive database linking users' legal identities and residential addresses, including for transactions unrelated to taxation. The exchange emphasized that amid daily data breaches and a surge in kidnappings targeting crypto holders, building such a database threatens the physical safety of millions of holders and their families.

Oil tanker traffic through the Strait of Hormuz has "virtually halted" as a 60-day ceasefire agreement between the U.S. and Iran is in jeopardy, CNN reported. In a report on July 8, Jorge Leon, head of geopolitical analysis at energy research firm Rystad Energy, stated that traffic appears to have come to a complete stop. He added that this de facto halt better reflects the current perception of risk than any statement from Washington or Tehran. According to energy data analytics firm Kpler, only four tankers passed through the strait today. Navin Das, a senior crude oil analyst at Kpler, said the daily average was about 32 tankers since the U.S. and Iran agreed to a 60-day ceasefire on June 17. While this is about three times the daily average from the start of the conflict in February until the June 17 agreement, it remains well below pre-war levels.