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Kenyan financial authorities are moving to introduce a blockchain analysis tool to monitor illicit activities involving cryptocurrencies, Decrypt reported. Kenya's Capital Markets Authority (CMA) is seeking to implement a platform that can track at least 20 blockchains, including Bitcoin (BTC) and Ethereum (ETH), to detect fraud, money laundering, terror financing, and sanctions evasion. The platform will also automatically detect high-risk wallets, large fund movements, coin mixers, darknet-linked addresses, and sanctioned entities. It plans to identify risky transactions by cross-referencing them with sanctions lists from the United Nations (UN) and the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC).

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,994.89 on the Binance USDT market.

The Financial Market Committee of Russia's State Duma has approved the final draft of a bill to establish state control over cryptocurrencies, which will now proceed to a second plenary reading, Bits.media reported. Key provisions of the bill include recognizing cryptocurrency as legal property, allowing companies engaged in foreign economic activities to use it for payments, and penalizing unlicensed crypto services. Additionally, the bill would cap annual investments for individuals at 300,000 rubles (about $4,000), limited to BTC, ETH, USDT, and USDC, and set the withdrawal limit from non-custodial wallets at 100,000 rubles (about $1,300). The bill is slated for a final vote in a third reading, after which it will be reviewed by the Federation Council, the upper house of parliament, before being sent to the president for signature. The target implementation date was postponed from July 1 to Sept. 1.

Sophia Dew has announced she is stepping down from her full-time role in Developer Relations (DevRel) at the Ethereum Foundation (EF). In a post on X, Dew stated that she has been active in the ecosystem since her first Ethereum (ETH) hackathon four years ago. She clarified that while she will no longer be working full-time at the foundation, she will remain a member of the Ethereum community. Dew added that she remains very optimistic about the future of Ethereum.

CoinMarketCap's Altcoin Season Index has fallen one point from yesterday to 48. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An 'altcoin season' is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days. Otherwise, it is considered a 'Bitcoin season.' A reading closer to 100 indicates conditions are more favorable for an altcoin season.

Stablecoins USDT and USDC are increasingly specializing in payments and decentralized finance (DeFi), respectively, rather than competing directly, Cointelegraph reported, citing an analysis by Dune. According to the report, USDT processed approximately $95 billion in commercial payments in the first half of 2026, far exceeding USDC's $14 billion. It also accounted for about 92% of the total $480 billion in business-to-business payments. On Tron (TRX), USDT's largest network, around 93% of its supply is held in non-exchange wallets, indicating its use for remittances and payments. In contrast, USDC has shown strength in the DeFi sector. As of June, its transfer volume on Base reached $2.6 trillion, the highest of any token on the chain, while its volume on Ethereum was $1.6 trillion. Together, USDT and USDC represent about 83% of the approximately $315 billion stablecoin market.

Ethereum Institutional, an independent non-profit organization dedicated to the institutional adoption of Ethereum, announced on its official X account that it is now hiring for key positions. The organization is seeking personnel for roles in institutional strategy, marketing, and technical support. Launched on July 1, Ethereum Institutional aims to serve as a gateway for institutions such as banks, asset managers, and custodians to understand and engage with the Ethereum ecosystem. The initiative is backed by Bitmine (BMNR), Sharplink (SBET), and Ethereum co-founder Joseph Lubin. The organization stated it plans to fill these key roles over the next few weeks.

Prominent Ethereum bull James Fickel deposited 20,000 ETH ($36.09 million) to Coinbase Prime about six hours ago, according to Onchain Lens.

The Solana-based memecoin creation platform Pump.fun (PUMP) deposited 122,500 SOL, worth $10.08 million, to Kraken six hours ago, on-chain analyst EmberCN reported. The move marks the platform's resumption of cashing out its fee revenue after a pause of about one month. Exchange deposits are typically interpreted as a precursor to selling. According to EmberCN, Pump.fun is estimated to have sold 4.73 million SOL ($805 million) from its fee revenue since the start of 2024, at an average price of $170.

South Korea's Digital Asset Exchange Alliance (DAXA) issued a warning on July 8 about phishing sites impersonating domestic won-based cryptocurrency exchanges. The alliance stated that these fraudulent sites are being promoted through advertisements on social media platforms like Facebook. According to the warning, the sites trick users into installing a program. DAXA clarified that domestic won-based exchanges do not offer separate PC-installable trading software, meaning any such installation request is likely a scam.

KOR Protocol, an on-chain platform for brokering creative assets, has raised approximately $7.5 million in a Series A funding round. According to The Block, the round was joined by investors including 1kx and Blockchain Capital, valuing the company at $100 million. Built on Base, Coinbase's Ethereum (ETH) Layer 2 network, KOR Protocol aims to provide infrastructure for registering, verifying, distributing, and settling creative works such as music and films on-chain. The new capital will be used to enhance the platform and expand its ecosystem. The company also plans to launch its own token in the future.

Zcash (ZEC) has surged approximately 12% after developers announced proof that the network's privacy system is free of undetectable counterfeiting bugs, according to The Block. The rally has helped the token recover most of the losses it incurred last month, when it plummeted over 40% in two days following a flaw in its Orchard pool. Project Tachyon, one of Zcash's development organizations, explained that advances in AI-based proof technology made it possible to complete the verification process in weeks, a task that would have previously taken years.

KOSDAQ-listed company Parataxis Ethereum announced it has purchased an additional 1,050 ETH, bringing its total holdings to 10,449 ETH. With this acquisition, the company maintains its rank as the largest corporate holder in Asia and the 13th largest globally. Parataxis Ethereum stated its strategy is to reinvest network rewards from holding and operating Ethereum, along with the resulting increase in corporate value, into its core business's research and development and to enhance shareholder value. This aims to create a virtuous cycle between its main business and its Digital Asset Treasury (DAT) strategy.

Two new addresses suspected of belonging to Ethereum accumulation firm Bitmine (BMNR) have withdrawn 40,000 ETH ($71.62 million) from Kraken and FalconX, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as an intention to hold. Additionally, Bitmine disclosed last week that it had purchased an additional 42,000 ETH.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section shows the Cumulative Volume Delta (CVD). - The top Volume Heatmap tracks the volume of trades at specific price levels. The background color becomes brighter when the price remains in a certain range for an extended period or moves significantly. These brighter areas may act as potential support or resistance levels. - The bottom Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by trade size, and the corresponding colored line rises as buy orders increase. For example, the yellow line represents orders between $100 and $1,000, and the brown line represents large orders between $1 million and $10 million.

The Crypto Fear & Greed Index from data provider CoinMarketCap stands at 28, unchanged from yesterday, indicating that the market remains in a state of fear. The index operates on a scale where 0 signifies extreme fear and 100 indicates extreme optimism. CoinMarketCap's index is calculated based on several factors, including the price movements of the top 10 cryptocurrencies, market volatility, derivatives market data such as the put/call ratio, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

Viva Republica, the operator of South Korean fintech app Toss, has signed a strategic memorandum of understanding (MOU) with Optimism (OP) and Sunnyside Labs to explore the development of a won-pegged stablecoin, Aju Business Daily reported today. The partnership aims to verify next-generation digital financial infrastructure, with the goal of establishing a blockchain-based payment and settlement environment that meets institutional-grade security and regulatory standards. Over the next three months, the three companies will conduct a proof-of-concept (PoC) to assess the feasibility of applying Optimism's core technology, the "OP Stack," to South Korea's digital financial infrastructure.

Layer 1 blockchain Sui (SUI) announced via its official X account that its programmable tunnel recently recorded 6,086,766 transactions per second (TPS). The figure is six times its target of one million TPS. The project revealed the achievement during a public experiment via live stream on July 4. This new record is approximately 20 times higher than a previous benchmark of 297,000 TPS measured in a controlled environment. According to Sui, millions of agent-to-agent interactions are settled on-chain through the programmable tunnel. The team emphasized that the tunnel demonstrates what is possible when AI agents act autonomously without waiting for human clicks.

The 30-day transfer volume of tokenized real-world assets (RWA) on the Solana (SOL) network has surged by 105.76%, CryptoSlate reported, citing data from RWA.xyz. As of July 6, Solana's 30-day RWA transfer volume reached $8.68 billion. During the same period, the network's Distributed Asset Value grew by 36.27% to $3.48 billion. Additionally, the number of Solana-based RWA holders increased by 7.83% to 293,558 across 2,119 tracked assets. The report attributed this growth to the network's low fees and fast transaction speeds.

The U.S. state of New Hampshire is set to review and vote today on a proposal to issue $100 million in Bitcoin-collateralized bonds, BeInCrypto reported. The New Hampshire Executive Council will hold a public hearing attended by the governor and five council members before proceeding with the vote. If approved, the issuance would mark the first-ever Bitcoin-backed municipal bond and would have cleared its final administrative hurdle. According to the report, the bonds would be collateralized by Bitcoin and include a price-linked liquidation clause to protect investor repayments amid price volatility. The collateral would be forcibly liquidated and the bonds redeemed early if the collateralization ratio drops to 140%. This threshold could be breached if the price of BTC falls by approximately 12.5% from its level at the time of issuance.

Decentralized prediction market Polymarket now supports Bitcoin deposits via the Lightning Network, Watcher.Guru reported. The feature is enabled through Spark, a Bitcoin Layer 2 payment protocol. Spark stated that users can now deposit BTC to Polymarket more quickly and securely. Polymarket first introduced support for on-chain Bitcoin deposits last October.

Adjusted stablecoin trading volume on Base, Coinbase's Layer 2 network, reached approximately $565 billion in June, narrowly surpassing Ethereum's $562 billion, CryptoSlate reported, citing data from VisaOnChainAnalytics. The outlet noted that this shift suggests stablecoin transactions are migrating to blockchain networks optimized for cheaper and faster settlement. Total adjusted stablecoin volume across all networks hit a new high of about $1.79 trillion in June, exceeding the previous peak from February. Base ranked first among all networks, with Ethereum in second place. VisaOnChainAnalytics' adjusted volume metric excludes addresses associated with centralized and decentralized exchanges, lending and investment funds, minting and burning activities, and bots to remove potential distortions from its calculations.

The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against North Carolina resident Trevor Vernon and his company, Argent Capital Management LLC, on charges of fraud, according to The Block. Vernon is accused of defrauding approximately 60 investors out of a total of $14 million by falsely promoting himself as a successful trader. The funds were reportedly managed through a commodity pool that invested in various assets, including cryptocurrencies. The CFTC explained that despite incurring continuous losses, Vernon and Argent Capital falsely advertised their trading success to investors. The commission added that Vernon recorded at least $8.6 million in losses from trading futures, options, and cryptocurrencies.

Iran's Ministry of Foreign Affairs strongly condemned the U.S. Treasury's decision to revoke a waiver on sanctions against Iranian oil sales, according to a statement released on July 8. The ministry asserted that the U.S. action is a serious violation of Article 10 of the Islamabad Armistice Memorandum of Understanding, which was signed on June 18, and that the U.S. must bear full responsibility for the consequences. Tehran argued that Washington's cancellation of a related permit, originally issued on June 21, less than 20 days after the agreement, demonstrates a lack of good faith, policy instability, and untrustworthiness. The statement also accused the U.S. of violating the memorandum multiple times over the past 20 days, both directly and through Israel's military actions related to Lebanon. Iran has faithfully fulfilled its obligations under the agreement, the ministry said, warning that it will take all necessary measures to safeguard its national interests and security if the U.S. continues to breach the deal.

Bitcoin financial services company Strike has launched a new loan product collateralized by Bitcoin. According to The Block, the product prevents forced liquidations, even if the price of Bitcoin drops, as long as the borrower continues to make payments. Strike CEO Jack Maller explained that there are no margin calls or price-based liquidations with the new product, adding that while volatility is inevitable, liquidation is not.