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The Solana-based memecoin issuance platform Pump.fun transferred an additional 16.43 million USDT to Kraken seven hours ago, EmberCN reported. In total, Pump.fun has now moved $770 million in stablecoins (USDC and USDT) secured through PUMP sales last July to centralized exchanges (CEX).

According to CoinNess market monitoring, BTC has risen above $59,000. BTC is trading at $59,001.99 on the Binance USDT market.

Polygon (POL) has burned 107 million POL, worth $7.38 million, so far this year. Co-founder Sandeep Nailwal stated on X that the large-scale burn has transitioned the token to a net deflationary structure. He attributed this to the network processing a high volume of transactions, noting that Polygon handled 198 million transactions last month alone—the most of any blockchain. According to CoinMarketCap, POL is trading at $0.06898, down 1.01% over the past 24 hours.

Christopher Alexander Delgado, the former CEO of Goliath Ventures, has pleaded guilty to charges of wire fraud, conspiracy to commit wire fraud, and money laundering in a U.S. cryptocurrency Ponzi scheme case, The Block reported. Goliath Ventures was found to have operated a Ponzi scheme of at least $400 million under the pretext of investing in crypto liquidity pools. Delgado admitted to causing $250 million in losses to investors, using the funds to purchase luxury homes and high-end cars. He faces a potential sentence of up to 20 years for the individual fraud charges and up to 10 years for money laundering. As part of his plea agreement, Delgado has agreed to forfeit the house and vehicles to the government.

South Korean crypto exchange Bithumb has announced that it will temporarily suspend deposits and withdrawals for Injective (INJ) starting at 9:00 a.m. UTC on July 2 to support the token's network upgrade.

South Korean exchange Upbit has announced scheduled server maintenance to ensure the stability of its trading system. The maintenance is set to last for five hours, from 5:00 p.m. to 10:00 p.m. UTC on July 5.

Estonian exchange Coinmetro has filed for bankruptcy and restructuring, citing the collapse of several of its financial service providers and pressure from the European Union's Markets in Crypto-Assets (MiCA) regulation, Protos reported. Coinmetro, which has suspended deposits and withdrawals since June 22, is also facing a lawsuit to return $1.2 million in assets transferred from the previously bankrupt Prime Trust.

Taiwan's legislature has passed a bill to establish a regulatory framework for the cryptocurrency industry, The Block reported. The legislation includes regulatory standards for cryptocurrency trading platforms and stablecoin issuers. The bill is scheduled to be enacted after receiving the president's signature.

Major exchanges have seen $104 million worth of futures liquidated in the past hour. In the past 24 hours, $342 million worth of futures have been liquidated.

Italian fintech firm Hodly has become the first company in Italy to be licensed as a crypto portfolio manager under the European Union's Markets in Crypto-Assets (MiCA) regulation, Yahoo Finance reported. The approval allows the company to manage cryptocurrency portfolios on behalf of its clients.

According to CoinNess, Bitcoin has fallen below $58,000 for the first time since Sept. 17, 2024. The cryptocurrency is currently trading at $57,956.77 against USDT on Binance.

CoinMarketCap's Altcoin Season Index has dropped four points from the previous day to 47. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against that of Bitcoin. An "altcoin season" is declared when 75% of these top 100 coins have outperformed Bitcoin over the past 90 days. The opposite scenario is considered a "Bitcoin season." A score closer to 100 indicates a stronger altcoin season.

An a16z (Andreessen Horowitz) address deposited an additional 76,840 HYPE, worth $5 million, to multiple centralized exchanges (CEX) seven hours ago, Onchainlands reported. Over the past two days, a16z has sold a total of 154,242 HYPE, valued at $10.19 million.

A whale dormant for five months has deposited 2,468 ETH ($3.88 million) to Binance and sold the assets, Onchain Lens reported. The sale is estimated to have resulted in a loss of approximately $4.33 million.

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

Whale Alert reported that 500 million XRP has been unlocked from escrow at Ripple.

Whale Alert reported that 300 million XRP has been unlocked from escrow at Ripple.

The Fear & Greed Index from cryptocurrency data provider CoinMarketCap has registered 16, down one point from yesterday, keeping the market in a state of extreme fear. The index indicates extreme fear as it approaches 0 and extreme optimism as it nears 100. CoinMarketCap's index is calculated based on factors including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives data such as put/call ratios, the Stablecoin Supply Ratio (SSR), and the platform's own search data.

Whale Alert reported that 200 million XRP has been unlocked from escrow at Ripple.

FG Nexus (FGNX), an Ethereum accumulation firm (DAT), is suspected of selling its entire ETH holdings, realizing an estimated loss of $86.6 million, Onchain Lens reported. The firm is believed to have deposited a total of 51,156 ETH ($109.4 million) to exchanges. This includes a transaction five hours ago in which 9,481 ETH, worth $14.89 million, was sent to Galaxy Digital in a presumed sale.

Increases in Bitcoin holdings by U.S.-based custodial institutions tend to precede bull markets, according to a CryptoQuant post by analyst Crypto SunMoon. The analyst explained that bull markets have historically begun when the BTC holdings of U.S. institutions, such as exchanges, asset managers, and banks, rise relative to their non-U.S. counterparts. However, these U.S.-based holdings are not currently increasing. Crypto SunMoon suggested that the current range-bound market conditions could persist until a noticeable uptick in BTC accumulation by these U.S. entities occurs.

U.S. President Donald Trump earned more than $1.4 billion from his cryptocurrency businesses last year, according to Reuters. A 2025 annual disclosure filed with the U.S. Office of Government Ethics revealed that Trump's income included over $500 million from World Liberty Financial (WLFI) and more than $635 million from the memecoin Trump (TRUMP), along with profits from other crypto-related ventures. Reuters noted that the filing highlights the significant profits the Trump family has generated in the crypto sector, estimating their total earnings from such businesses to be at least $2.3 billion since the start of his presidency. Both Trump and the White House did not respond to requests for comment.

Lighter (LIT), a decentralized perpetual futures exchange, announced on X that it will formalize a policy to permanently burn all future buybacks. The project has bought back 15.5 million LIT to date, equivalent to 6.3% of the total supply, with the first burn scheduled to occur within the next few weeks. Additionally, Lighter stated that LIT staking rewards, previously funded by the token presale, will now be sourced from its ecosystem allocation, with an initial target yield of 6% annually. The exchange plans to use its revenue for ongoing buybacks, while the treasury will be flexibly allocated for staking, burns, partnerships, and its points program.

Matt Cole, CEO of the Bitcoin-acquiring company Strive (ASST), announced on X that he is requesting market feedback on whether to temporarily pause the issuance of the company's preferred stock, SATA. Cole explained that short interest in SATA has increased by approximately 1 million shares over the past 30 days, alongside a rise in stock borrowing costs. He noted that while the goal is for SATA to maintain its $100 par value, some investors believe this value is acting as a price ceiling. According to Cole, pausing or adjusting the issuance could lead to greater short-term volatility but may be positive for the long-term stability of ASST and SATA. SATA reached an all-time low of $80.50 on June 26 but closed at $91.05 on June 30. Recently, concerns have spread throughout the market regarding companies like Strive, Strategy (MSTR), and Bitmine (BMNR), which have adopted a model of using dividend-focused preferred stock to fund cryptocurrency purchases. This model is designed to issue and sell new shares to buy crypto when the stock trades above its par value, and to increase the dividend yield to maintain the par value when it trades below. However, the prevailing concern is that amid a crypto market downturn and insufficient demand, these companies could exhaust their financial resources and be forced to sell their crypto holdings to cover preferred stock dividends. While the individual companies have dismissed this "death spiral" hypothesis, they have not clearly stated their position on the potential sale of their crypto assets.

Goldman Lampe Private Bank, based in Ras Al Khaimah, UAE, announced it recently purchased $137 million worth of Bitcoin, taking advantage of the recent market correction. The bank, which previously launched the world's first crypto fixed deposit product, stated that Bitcoin has proven its resilience as a store of value and a strategic asset. A representative for Goldman Lampe added that the bank saw the correction as an opportunity to increase its holdings and intends to continue combining traditional finance with cryptocurrency technology.