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According to on-chain analysis platform Lookonchain, an anonymous whale with the address "0x8dCe" swapped 464 BTC, worth approximately $27.56 million, for 17,750 ETH about two hours ago. Lookonchain noted that the move suggests the whale is rebalancing its portfolio by selling its Bitcoin holdings and moving the funds into Ethereum.

Mu Changchun, head of the Digital Currency Research Institute at the People's Bank of China (PBOC), stated that the rapid development of stablecoins and various cryptocurrencies has pushed the global cross-border payment system into a new phase of development. Speaking at the 2026 Summer Davos Forum, Mu explained that the cumulative transaction value for the mBridge multilateral central bank digital currency (CBDC) project, which went live in June 2024, reached approximately 500 billion yuan by the end of 2025. He added that the ultimate goal for mBridge is to evolve into a new financial market infrastructure (FMI) built by central banks and involving financial institutions, based on multilateral governance and mutual benefit.

Standard Chartered and Grayscale have identified the DeFi lending protocol Aave (AAVE) as a promising project. Standard Chartered projected that the price of AAVE could reach $3,500 by the end of 2030, driven by an influx of tokenized assets into the DeFi space. The bank anticipates the volume of such assets will increase 37-fold by that time. Separately, Grayscale described Aave as an undervalued project, setting a one-year price target of $179, with a bull case scenario of $271. Grayscale noted that the U.S. Clarity for Digital Tokens Act could be a catalyst for a revaluation of the project.

Signs of further declines are emerging in the cryptocurrency derivatives market, according to an analysis by CoinDesk. The outlet noted that BTC futures open interest (OI) has risen for two consecutive trading days, from around 730,000 BTC to 778,000 BTC. This increase is attributed to a rise in short positions betting on further price drops amid the recent downturn. Additionally, the 30-day implied volatility for BTC has climbed to 53%, its highest level this month, while the premium on put options—bets on a price decline—has widened significantly. Notably, a large trade was executed on Deribit for a put option with a $53,000 strike price expiring on July 10.

A Reuters poll indicates the U.S. Federal Reserve is expected to hold its benchmark interest rate at 3.50-3.75% through the end of 2027. This marks a shift from a survey earlier this month, which had projected one rate cut.

BlackRock has deposited 2,700 BTC ($161 million) and 41,996 ETH ($65.16 million) to Coinbase Prime, according to Onchain Lens. The deposit could be part of the operational process for BlackRock's spot crypto ETFs, such as settling redemptions arising from fund inflows and outflows.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for POL, GMT, and NFTs based on the Polygon network starting at 9:00 a.m. UTC on July 2, due to an upcoming hard fork on the network.

MicroStrategy (MSTR) could raise the monthly dividend rate on its perpetual preferred stock, STRC, from the current 11.5% to a level between 12% and 12.5% on June 30, CoinDesk reported. The outlet noted that STRC has an ex-dividend date on June 30, and investors who hold the stock before that day can receive the first semi-monthly dividend of $0.48 per share on July 15. However, CoinDesk analyzed that for STRC to recover its par value of $100, a rebound in Bitcoin's price is a more important factor than a dividend rate increase.

Daily trading volume for Solana (SOL)-based stock tokens has reached an all-time high of $553 million.

Market expectations for additional European Central Bank (ECB) rate hikes are diminishing as falling oil prices ease concerns about prolonged inflation. The market is now reflecting the possibility that the ECB will not raise rates by another 25 basis points (bp) by the end of the year. Just two weeks ago, the market had anticipated that the policy rate would reach 2.5% by year-end, following an increase in the deposit rate to 2.25%. Analysts attribute the weakened expectations for further rate hikes to the recent drop in oil prices.

Ondo Finance and Virtuals Protocol have announced support for over 40,000 AI agents to automatically trade more than 430 types of tokenized stocks around the clock. According to BeInCrypto, the AI agents will execute trades via Treasuries, allowing them to automatically buy and sell tokenized shares of companies like Apple, Tesla, Nvidia, and SpaceX based on pre-set strategies without human intervention.

Wang Chun, co-founder of F2Pool, the world's fourth-largest Bitcoin mining pool, withdrew 9,937 ETH ($15.5 million) and 147.5 WBTC ($8.7 million) from Binance over the past six hours and deposited the assets into the DeFi lending protocol Spark, EmberCN reported. This month, he has purchased an estimated 65,700 ETH ($111 million) and 966 WBTC ($60.29 million). To date, all of the purchased WBTC and roughly half of the ETH have been deposited into Spark, with the remainder of the ETH allocated to Ethereum staking.

Four early Ethereum (ETH) investor wallets that held the asset for eight years have begun selling their holdings, according to Lookonchain. The wallets acquired a total of 37,602 ETH in 2018 at an approximate price of $830 per token, valued at around $31.16 million at the time. Despite unrealized profits exceeding $150 million during the bull markets of 2021 and 2025, the investors did not sell. After remaining dormant for about eight years, the wallets initiated sales today, selling a total of 33,623 ETH over the past four hours at an average price of $1,560. The total value of the sale was approximately $52.46 million, resulting in a cumulative realized profit of about $27.4 million.

JAN3 CEO Samson Mow has proposed that Strategy and Bitcoin Standard Treasury (BSTR) should immediately conduct a $1.5 billion over-the-counter (OTC) trade for Bitcoin. He explained that if BSTR pays Strategy $1.5 billion, Strategy's cash holdings would increase to $2.9 billion. In turn, BSTR would acquire an additional 25,000 BTC, raising its total from 30,021 BTC to 55,021 BTC and making it the second-largest corporate holder of the asset. Mow asserted that such a deal would be beneficial to both parties.

Upbit announced it will temporarily suspend deposits and withdrawals for Hippo Protocol (HP) starting at 3:00 a.m. UTC on July 6 to support a network upgrade.

Hyperliquid has stated that its inclusion on the Monetary Authority of Singapore's (MAS) Investor Alert List (IAL) does not imply sanctions or regulatory violations. The company explained that the IAL is simply a list to inform the public about entities that may be wrongly perceived as being licensed or regulated by the MAS. It added that being on the list does not constitute a business ban, enforcement action, or a finding of wrongdoing.

Binance announced it will delist ALCX, ARDR, NFP, and POND at 3:00 a.m. UTC on July 10.

South Korean crypto exchange Coinone has announced that it will delist Everclear (CLEAR) at 6:00 a.m. UTC on July 27. The exchange stated that after a thorough review of CLEAR, which had previously been placed on its delisting watchlist, it found insufficient evidence to confirm that the issues leading to the designation had been resolved.

Michael Saylor, founder of MicroStrategy, stated that market volatility will test all capital structures, adding that his company will continue to focus on Bitcoin (BTC), prudent capital allocation, creditworthiness, and long-term value creation. After thanking investors, Saylor emphasized that MicroStrategy will continue to execute its current strategy with transparency and resolve.

Ondo Finance (ONDO) announced the launch of a 24-hour issuance and redemption feature for its tokenized stocks and ETFs on Ethereum and BNB Chain. The company added that it plans to support the feature on Solana soon.

Grant Cardone, CEO of U.S. real estate investment firm Cardone Capital, stated on X that he is continuing to buy BTC using cash flow from his real estate holdings amid the price decline. He explained that by improving this cash flow, he is able to purchase more BTC as its price drops. Cardone added that his model is inspired by crypto strategy acquisition companies (DATs) but is based on real assets and cash flow rather than stock issuance.

On-chain analyst ZachXBT said he has received numerous reports that cryptocurrency exchange AscendEX is delaying user withdrawals for days to weeks, or not processing them at all. ZachXBT added that his analysis of the exchange's hot wallets on Arkham and TRM shows a shortage of major assets like ETH, USDT, and SOL, suggesting potential liquidity issues. He called on AscendEX to explain the withdrawal delays and asset shortages to its community and warned users against depositing funds on the platform. AscendEX previously suffered a hack of approximately $78 million in December 2021.

Fragmetric (FRAG), a Solana (SOL)-based liquid restaking protocol that recently faced community backlash for abruptly halting its points program, announced via its official X account that protocol operations will continue independently of the points program. The team added that the FRAG buyback is also ongoing. Regarding withdrawal delays for fragBTC, Fragmetric explained that this is unrelated to the protocol itself. The issue stems from the fragBTC termination process, where Solv Protocol (SOLV) is handling withdrawals via zBTC, which is taking longer than initially expected. Fragmetric stated it is working with the Solv team to continue supporting withdrawals. "We understand the importance of communication and apologize for the confusion our previous announcement caused," the team added. The statement follows widespread community criticism of what many called an irresponsible response to the sudden program suspension and withdrawal problems.

UK asset manager Baillie Gifford has launched a tokenized fund that uses the Ethereum (ETH) and Solana (SOL) blockchains to manage the on-chain legal ownership records of a UK-regulated bond fund, CryptoSlate reported.

According to crypto analyst Axel Adler Jr., Bitcoin (BTC) faces a growing risk of a 2022-style capitulation sell-off if it falls below the $48,000-$56,000 range. He noted that the 90-day moving average of BTC's Net Realized Profit & Loss turned negative in late January and has failed to recover, currently sitting at -$203.2 million, which indicates sustained selling at a loss. Adler pointed out that the average purchase prices for several large investor cohorts remain in profitable territory: $48,100 for those holding over 10,000 BTC, $47,800 for the 10-100 BTC group, and $56,500 for the 1,000-10,000 BTC group. However, the 100-1,000 BTC cohort has an average purchase price of $65,700, which is above the current price. Adler stated that recent net realized losses are primarily driven by selling from this group. He added that a recovery in the Net Realized Profit & Loss metric to above zero would signal a weakening of this loss-driven selling.