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Authorities in Cape Town, South Africa, have seized a luxury vehicle linked to cryptocurrency investment scams and money laundering, Bitcoin.com reported. During a nighttime operation, Cape Town Mayor Geordin Hill-Lewis and local police confiscated a silver Mercedes-AMG GLE valued at $153,000, which had been falsely registered as a white BMW. Authorities stated that such high-end vehicles are used by self-proclaimed crypto and forex traders and finfluencers to flaunt wealth and lure victims into fraudulent schemes. The seizure follows a March report from the Global Initiative Against Transnational Organized Crime (GI-TOC) that identified South Africa as an emerging hub for organized crypto fraud. The report noted that international criminal organizations based in Cape Town and Johannesburg are conducting global scams using deepfakes, cloned apps, and fake investment platforms. These illicit funds are reportedly laundered through crypto wallets, money mules, and physical assets like unregistered luxury cars.

The cryptocurrency market has already bottomed out and entered a key inflection point for a rebound, according to Tushar Jain, co-founder and managing partner of crypto investment firm Multicoin Capital. Speaking on a recent podcast, Jain explained that investor sentiment has largely stabilized. He added that while application adoption is rising, asset prices are disconnected from their fundamentals, which he interprets as a signal of a market reversal. Jain described a "Perfect Storm" forming, where multiple conditions for a bull market are aligning simultaneously. He also expressed long-term optimism for the growth potential of Solana (SOL), Hyperliquid (HYPE), and Zcash (ZEC). Jain highlighted SOL as an ideal infrastructure for spot trading and security tokens and noted that HYPE is the dominant leader in the on-chain derivatives market. Furthermore, he emphasized that ZEC carries on the cypherpunk spirit and could potentially join the top five projects by market cap in the future.

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 49.57% long, 50.43% short - Binance: 48.03% long, 51.97% short - OKX: 49.06% long, 50.94% short - Bybit: 47.93% long, 52.07% short

Three of eight chart masters affiliated with CoinNess have forecast a decline for Bitcoin this week, while the remaining five expect the price to rise. The highest price target cited is $67,000, and the lowest is $51,500. Note: Please vote via the link for the directional and price target forecast that most closely matches your own opinion. One hundred participants will be selected by lottery to receive a coffee coupon.

AI-based small businesses could drive future growth in stablecoin transaction volume, according to a second-quarter industry report from Australian cryptocurrency exchange Swyftx, as reported by Cointelegraph. The report projects that the global gig and freelance payment market will expand to $2.1 trillion by 2033, with AI-based workers accounting for $775 billion of that total. Swyftx's base assumption is that stablecoins will be used for approximately 33% of these payments, which would amount to around $262 billion in annual settlements. The report added that micro-enterprises with fewer than five employees are among the fastest adopters of AI. It also highlighted a growing trend of sole proprietors and one-person startups, many of whom are sensitive to overseas remittance fees and transaction costs, making stablecoin payments an attractive option.

The Spot Cumulative Volume Delta (CVD) chart provides an order book analysis for the BTC/USDT spot pair. The upper section displays a Volume Heatmap, while the lower section shows the CVD. - The Volume Heatmap tracks the volume of trades at specific price levels. The background color brightens when the price remains in a certain range for an extended period or experiences significant movement. These brighter areas may act as potential support or resistance levels. - The CVD indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line represents large orders ranging from $1 million to $10 million.

Thailand's central bank is intensifying its surveillance of stablecoin and cash transactions within the "gray economy," a sector operating in a regulatory blind spot, Cointelegraph reported. The central bank will collaborate with Thailand's Securities and Exchange Commission (SEC) to actively monitor large-scale stablecoin transactions in an effort to combat money laundering, illicit finance, and gray money. The initiative will specifically focus on USDT, high-value cash transactions, and foreign exchange deals to detect and block illegal fund flows.

The Korea Exchange has triggered a circuit breaker for the first time in four trading days after the KOSPI index plunged by more than 8%. Trading will be halted for 20 minutes.

A hacker who stole a Robinhood founder's wallet address used it to orchestrate a memecoin pump-and-dump scheme, according to Michael, the Chief Business Officer (CBO) of crypto wallet TokenPocket. He explained that the founder's mnemonic phrase was leaked during a live broadcast yesterday. The hacker immediately seized control of the wallet and bought a large quantity of the memecoin '$1'. Mistaking this for a purchase by the Robinhood founder, numerous investors followed suit, causing the token's market cap to soar from $500,000 to $14 million in a short period. The price of '$1' subsequently crashed. After the compromised address was frozen, the hacker moved to the BNB Chain (BSC), issued a new token, and inflated its volume through wash trading to cash out. Michael added that Robinhood's RPC has now blocked the address, and network nodes are no longer including transactions from the wallet in new blocks, effectively immobilizing any remaining funds.

A whale specializing in ETH/BTC ratio trading swapped 13,708 ETH, worth $25 million, for 393.4 BTC about 30 minutes ago, according to an analysis by EmberCN. The trade was executed at an ETH/BTC ratio of approximately 0.02855. EmberCN explained that the trader's goal is to increase their total cryptocurrency holdings. Their strategy involves swapping BTC for ETH when the ETH/BTC ratio falls, thereby increasing their ETH balance. Over the past six months, the trader has repeated this strategy multiple times, increasing their ETH holdings by approximately 6,475 ETH, valued at around $11.78 million.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $56.43 million liquidated (81.11% longs) - ETH: $60.98 million liquidated (52.79% shorts) - SKHYNIX: $8.57 million liquidated (99.67% longs)

Japanese Prime Minister Sanae Takaichi has announced a policy to expand funding from the government and financial institutions for startups, including those in the Web3 sector, Coinpost reported. In a video message at the opening of the WebX 2026 conference, Takaichi introduced the 'Total Support Package for Startups,' which was established in May 2025, and vowed to accelerate the industry's growth. She stated that a synergy between government efforts and the networking opportunities at WebX 2026 would further advance Japan's innovation ecosystem. The report notes that former prime ministers also participated in the conference in 2024 and 2025, suggesting the government's pro-Web3 stance has remained consistent through leadership changes.

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,991.99 on the Binance USDT market.

South Korea's KOSPI index fell more than 6% to drop below the 7,000-point level during intraday trading, a first since May 4. The index is currently trading at 6,980.63, down approximately 6.63%.

Progmat, a cryptocurrency platform under Japan's Mitsubishi UFJ Financial Group, has announced the migration of $3 billion in security tokens to the Avalanche (AVAX) Layer 1.

Tom Lee, chairman of Bitmine (BMNR), has predicted that Ethereum (ETH) has bottomed out and is poised for an imminent rebound, drawing parallels between its current trend and the U.S. stock market's performance after 1987. According to Odaily, speaking at the WebX 2026 conference in Tokyo today, Lee stated that a comparison of ETH and S&P 500 trends shows ETH is currently at a bottom similar to where the stock market was post-1987. He also pointed to ETH's past price resilience, explaining that many investors are frightened by the lower prices and are overlooking the real value of institutional adoption by Wall Street. Lee identified several key macroeconomic factors to watch in 2026, including U.S. monetary policy, the Clarity Act, capital concentration from the AI investment boom, and the relative underperformance of the financial sector.

Binance has announced it will temporarily suspend deposits and withdrawals for tokens on the Moonbeam (GLMR) network at 12:00 p.m. UTC today to support a network upgrade.

Japanese financial giant SBI is expanding its digital asset business and pursuing an on-chain transition for the entire group, The Block reported. The company recently invested $125 million in DeFi risk management project Gauntlet and led an investment round for U.S. institutional crypto platform EDX Markets. An SBI official stated that these moves are part of a group-wide on-chain strategy, adding that a token-based economy is imminent, where all assets will be tokenized and transactions, settlements, and contract executions will be completed on the blockchain. Meanwhile, Joseph Goh, head of Asia-Pacific at crypto investment bank Areta, identified South Korea as the next market to watch. He commented that SBI is not just increasing its crypto investments but is acquiring the infrastructure to support the next generation of financial systems. Goh believes comprehensive financial groups with banking, securities, and retail distribution networks are best positioned to follow SBI's strategy.

U.S. Central Command (CENTCOM) announced it has conducted additional airstrikes against Iran.

Shares of American Bitcoin (ABTC), a cryptocurrency mining company supported by the Trump family, have plummeted 95% from their peak, Bloomberg reported. The company was founded on the simple idea that it could profit sufficiently just by holding and mining BTC. However, it has fallen into a severe downturn as BTC entered a bear market and a surge in demand for artificial intelligence (AI) led investors to favor mining companies that could convert their existing infrastructure into AI-focused data centers. Bloomberg noted that over the past 10 months, the market value of the stake held by Eric Trump has evaporated by more than $600 million. The company also conducted a 15-for-1 reverse stock split to maintain its Nasdaq listing, with its shares hitting an all-time low. This trend illustrates how quickly investors have turned away from pure-play cryptocurrency businesses, the report added. Success now depends not on who mines the most BTC, but on how flexibly a company can monetize its power, land, and computing infrastructure. For the Trump family, American Bitcoin's struggles exemplify the high volatility of crypto investments. While President Trump reported at least $1.4 billion in cryptocurrency profits last year in a financial disclosure, many retail investors have suffered losses as Trump-related tokens and American Bitcoin's stock have plunged.

Four key metrics related to Bitcoin's long-term holders have all reached all-time highs, according to Alex Thorn, head of research at Galaxy Digital. In a post on X, Thorn noted that the supply of Bitcoin that has not moved in over 10 years has reached 17.7% of the total. Additionally, the long-term holder supply now stands at 16.75 million BTC, with a realized capitalization of $836.4 billion and a realized price of $50,000. A long-term holder is defined as an address that has held coins for 155 days or more.

Prediction markets have attracted the largest average investment per funding round from cryptocurrency venture capital (VC) firms this year, with an average deal size of $118 million, according to data from CryptoRank. The sector was followed by exchanges ($76.2 million), blockchain ($47.8 million), and compliance ($29.4 million).

The Korea Exchange has activated a sell-side sidecar after the Kospi index fell by more than 5%.

BlackRock's tokenized assets have reached a total value of $2.93 billion, with $1.1 billion of that amount based on Ethereum (ETH), according to a post on X by Cointelegraph. Other leading networks by tokenized asset value include Avalanche (AVAX), Solana (SOL), and BNB Chain.

An anonymous whale address starting with 0x4555 that specializes in ETH/BTC trading has entered a 13,708 ETH ($25 million) short position following a recent rally in Ethereum, EmberCN reported. The position's average entry price is 0.02855 BTC. The same address has previously accumulated profits of 6,475 ETH ($11.78 million) from its ETH/BTC trades. The ETH/BTC ratio, which represents the price of one ETH in BTC and is used to gauge Ethereum's strength relative to Bitcoin, is currently trading at 0.028519 BTC.