Live Feed

U.S. Democratic Senator Elizabeth Warren, a noted opponent of cryptocurrency, has called for legislation to prevent President Donald Trump from earning additional profits from his crypto-related business ventures. Her statement follows the release of Trump's annual financial disclosure for 2025, submitted to the U.S. Office of Government Ethics, which revealed that he earned a total of $1.4 billion from his crypto business last year.

Drift (DRIFT), the Solana-based perpetual futures platform that suffered an approximately $295 million hack in April, has announced it is rebranding to Velocity. The company described the move as a step toward building a next-generation trading platform architecture. It explained that the name Velocity symbolizes trading speed and market momentum, which are crucial in the perpetuals market, and also signifies a fresh start for the platform. Drift plans to open a beta version to select partners and traders in the coming days.

Whale Alert reported that 300 million XRP has been locked in escrow at Ripple.

The cryptocurrency market has entered the final stage of its bear cycle, with Bitcoin potentially forming a bottom within the next few months, according to Wall Street investment bank Cantor Fitzgerald. In a recent report cited by CoinDesk, the bank analyzed that as of June 10, BTC was 252 days past its peak and had fallen approximately 51%. Given that Bitcoin has historically bottomed out in an average of 384 days, it could reach its lowest point by the end of October. Cantor Fitzgerald advised that as the market approaches an inflection point, investors should focus on projects that create sustainable value rather than on speculative investments, highlighting Hyperliquid (HYPE) as a key example. The report also noted that projects such as Solana (SOL), Sui (SUI), XRP, and Zcash (ZEC) need to prove their ecosystem growth can translate into token demand.

Whale Alert reported that 400 million XRP has been locked in escrow at Ripple.

Forward Industries (FWDI), the largest corporate accumulator of Solana (SOL), currently holds 7.75 million SOL. According to The Block, this is valued at approximately $576 million, making it the largest holding among publicly traded companies. Forward Industries previously announced it had acquired an additional 500,000 SOL during the third quarter at an average price of $79. The company's stock also rose around 17% in early U.S. trading.

BNB Chain has announced the launch of BNB Agent Studio, a platform for building AI agents, in partnership with the Amazon Web Services (AWS) Generative AI Innovation Center. The platform aims to simplify the complex process of on-chain app development and allows developers to control agents directly from compatible tools. The AI agents created can receive cryptocurrency payments to cover their own operating costs. With information stored on both AWS and on-chain, they can also be tokenized and have their ownership transferred. BNB Chain plans to release new features on a bi-weekly basis.

Ansgar Dietrichs, executive director of the recently launched non-profit Ethereum research and development group Ethlabs, stated that the organization will play a complementary role to the Ethereum Foundation (EF) rather than competing with it. Ethlabs, which was founded last month by former Ethereum Foundation researchers, is strategically positioning itself to fill gaps intentionally left by the foundation, Dietrichs explained. He said the group plans to continue existing research, including work on Layer 1 scalability previously led by the foundation, while also expanding into new areas such as interoperability and collaboration with financial institutions exploring blockchain infrastructure. Dietrichs emphasized that Ethlabs was established as a non-profit with the sole goal of supporting Ethereum's long-term success, not generating commercial profit, adding that the group has no other motive than to help Ethereum.

Venice (VVV) AI has raised $65 million in a Series A funding round, achieving a valuation of over $1 billion, TechCrunch reported. The round was led by Dragonfly Capital, with participation from Coinbase Ventures and North Island Ventures. Venice AI is a Switzerland-based, privacy-focused AI platform that stores user conversations exclusively on their devices and supports uncensored, unlimited text, image, and video generation. The company plans to use the new capital to build its own data centers and secure GPUs.

According to CoinNess market monitoring, BTC has risen above $60,000. BTC is trading at $60,010 on the Binance USDT market.

Strategy (MSTR) stock is on the rise in early U.S. market trading. Shares are currently trading at $95.34, up 9.63% from the previous trading day.

The European Union's Markets in Crypto-Assets (MiCA) regulation has fully come into effect today, July 1. However, the derivatives market, which accounts for a significant portion of crypto trading volume, has been excluded from its scope, according to CoinDesk. The media outlet explained that major decentralized perpetual futures exchanges like Hyperliquid (HYPE) and Aster (ASTER) are not subject to MiCA, yet they support high-leverage trading. This could potentially drive investors toward the riskier derivatives market. Some licensed crypto companies are also raising concerns about reverse discrimination. Amid growing industry complaints, the key question is whether authorities will enforce the Markets in Financial Instruments Directive on derivatives exchanges.

An independent non-profit organization, Ethereum Institutional, has launched to focus on driving the institutional adoption of Ethereum, the organization announced on its X account. The group aims to serve as a resource for institutions such as banks, asset managers, and custodians, helping them understand the Ethereum ecosystem and provide objective information to their leadership. The founding team consists of individuals who previously built the enterprise division at the Ethereum Foundation, where they engaged with hundreds of institutions. The new organization has secured long-term funding to operate independently. Its initial focus will cover five key areas: institutional collaboration, intelligence gathering, ecosystem and ETH marketing, identifying industry requirements, and organizing events. The launch was supported by ETH accumulation firm Bitmine, Sharplink, and Ethereum co-founder Joseph Lubin.

The three major U.S. stock indices opened lower today. - S&P 500: -0.44% - Nasdaq: -0.65% - Dow Jones: -0.41%

American Bitcoin (ABTC), a cryptocurrency mining firm backed by the Trump family, announced it will conduct a 1-for-15 reverse stock split to maintain its Nasdaq listing qualification. The split will take effect on July 2, U.S. Eastern Time, with the adjusted share price reflected when trading resumes on July 6 under the existing ABTC ticker. The company stated the measure, which was approved by its shareholders and board of directors, is intended to meet Nasdaq's minimum share price requirement.

Solana-based project World has launched an on-chain prediction market service on the cryptocurrency wallet Phantom, CoinDesk reported. The service is accessible through the Phantom wallet and world.xyz, with Chainlink (LINK) providing the primary oracle infrastructure. Users can trade event contracts related to cryptocurrency prices and the 2026 FIFA World Cup, with plans to add markets for sports, geopolitics, and macroeconomics in the future. Phantom's CASH stablecoin will be used as the settlement asset, allowing winning positions to be automatically redeemed in users' wallets.

Matt Cole, CEO of Bitcoin acquisition company (DAT) Strive (ASST), stated on X that investors should not assume the company will automatically issue new shares of its preferred stock, SATA, at $100 without a separate announcement. He explained that while a $100 target and minimizing long-term volatility remain core objectives, current market conditions are not normal. Cole believes that maintaining the flexibility to issue shares around the $100 mark aligns with the long-term interests of shareholders and the stability of SATA. He added that a predictable, mechanical issuance rule could encourage trading that increases volatility over time, a risk he said is no longer theoretical given recent market movements. Cole also noted that while the company will reference market data such as short interest and borrowing costs, it will not rely solely on any specific metric and will not pre-announce specific actions like halting issuance. His comments follow a previous request for market feedback on a potential temporary halt to issuance, citing an increase in short interest and stock borrowing costs for SATA.

Marc Zeller, founder of the Aave (AAVE) governance group Aave Chan Initiative (ACI), announced that the organization is ceasing operations following a governance conflict with Aave Labs, The Block reported.

Wall Street investment bank Bernstein has maintained its Outperform rating and $190 price target for Circle (CRCL) following the launch of the stablecoin consortium OpenUSD. The assessment comes after Circle's stock price plunged 17.5% on the first day of the OpenUSD launch. Bernstein stated that despite the new consortium, its long-term growth outlook for Circle remains unchanged.

Metaplanet, a Japanese listed company strategically accumulating Bitcoin (BTC), disclosed on July 1 that it did not issue any new shares through the exercise of stock acquisition rights in June. The company has been funding its Bitcoin purchases by issuing new shares via these warrants. Metaplanet currently has 947,300 outstanding warrants, which can be converted into 94.73 million shares. The exercise price, updated daily based on the previous trading day's closing price, ranged between 220 and 295 yen in June, but no rights were exercised. A separate disclosure on the same day also revealed that the company did not conduct any share buybacks.

The European Union (EU) has begun a review to amend its Markets in Crypto-Assets (MiCA) regulation as the law comes into full effect, CoinDesk reported. According to Patrick Hansen, Head of EU Policy at Circle, MiCA is the world's first comprehensive crypto regulation and was always considered essentially a first version that would require continuous updates. He noted that while the legislation initially focused on crypto-asset service providers (CASPs) like exchanges, the rapid growth of the stablecoin and tokenization markets has since increased the need for supplementary rules. Hansen added that the European Commission launched a public consultation last May to assess whether MiCA remains suitable in light of these recent market changes.

Standard Chartered forecasts that the price of MORPHO, the token for the DeFi lending protocol Morpho, could reach $60 by the end of 2030, driven by increased inflows of tokenized assets into the DeFi space. This represents a potential upside of approximately 33 times its current price.

Citi has lowered its price target for MicroStrategy (MSTR) to $136 from $260 while maintaining its Buy rating for the company, Walter Bloomberg reported.

French bank Crédit Agricole, Europe's third-largest by assets, has launched a euro-pegged stablecoin, EURXT, through its asset servicing arm CACEIS, Cointelegraph reported. The stablecoin is an Electronic Money Token (EMT) issued on Ethereum (ETH) and maintains a 1:1 peg with the euro. It is aimed at institutional investors and corporate clients to expand the use of tokenized finance. According to the whitepaper, EURXT has no issuance limit and is designed to increase its supply in line with demand. At launch, the circulating supply was 20.02 million EURXT, matching reserves of approximately €20.02 million. CACEIS obtained a Markets in Crypto-Assets (MiCA) license in France in June 2025.

While monthly payment volume for cryptocurrency cards has surpassed $1.5 billion, the technology has not yet become a universal financial infrastructure, according to a report from Asian Web3 research and consulting firm Tiger Research. This volume annualizes to $18 billion. The report noted that a significant portion of current transactions is concentrated on RedotPay, with usage heavily skewed toward emerging markets with limited access to the U.S. dollar, such as Bangladesh, India, and Nigeria. In developed nations, the report argues, crypto cards have yet to achieve product-market fit as they are not integrated into daily financial activities like salary deposits or automatic bill payments. Looking ahead, Tiger Research predicted that market leadership will be secured not by entities that simply issue cards, but by those who can establish reliable fund inflow channels and build a financial ecosystem that functions as a user's primary account.