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Decentralized derivatives exchange EdgeX (EDGE) announced it has completed an organizational restructuring, hiring new personnel in its engineering, risk management, and product divisions. In a statement on X, EdgeX outlined its plans to continuously upgrade its platform and ecosystem. The exchange aims to enhance stability, security, and transparency by improving its security architecture, risk management system, and on-chain verification functions. To establish a 24-hour trading environment, EdgeX will sequentially introduce features including real-world asset (RWA) trading pairs, expanded liquidity, leveraged ETFs, multi-asset deposit support, API trading, copy trading, and AI agent trading.

Ran Neuner, host of CNBC's CryptoTrader, stated on X that users are the biggest beneficiaries as competition intensifies among cryptocurrency exchanges in Europe. He noted that following Binance's failure to secure a license under the European Union's Markets in Crypto-Assets (MiCA) regulation, other exchanges are moving aggressively to capture market share. While exact performance figures are not public, Neuner pointed to rankings in the European App Store's finance category, where Kraken has fallen one spot, while Bybit EU has climbed 23 places, Coinbase 26, and OKX 103. He added that exchanges are using deposit bonuses as a key incentive to attract users, concluding that such competition is beneficial for the market. The EU fully implemented its MiCA framework on July 1, ending a temporary grace period for operations.

Asia is ceding its leadership in the burgeoning prediction market to the West due to delays in regulatory discussions, according to a report by Asian Web3 research and consulting firm Tiger Research. The firm noted that while the prediction market has grown into a mainstream industry with $14 billion in monthly trading volume, Asia's passive approach is resulting in capital outflow, a loss of information sovereignty, and a lack of user protection as Western countries move to bring the sector into their regulatory folds. Tiger Research pointed to Meta's "Arena" project as evidence that major tech companies are taking notice of the sector. The report described prediction markets as having a simple structure where contracts settle at $1 if an event occurs and $0 if it does not, with trading prices functioning as real-time probabilities. Because participants risk losses for incorrect predictions, a level of trust is established in the information they provide. The challenge for Asia is not to ban these markets but to find ways to responsibly utilize data within a regulatory framework, the firm argued, adding that avoiding the discussion itself is tantamount to surrendering leadership.

According to CoinNess market monitoring, BTC has risen above $63,000. BTC is trading at $63,000 on the Binance USDT market.

Asset management firm Grayscale has summarized the core narratives for eight major cryptocurrencies on X. The firm categorized them as follows: - Bitcoin (BTC): Digital currency - Ethereum (ETH): World computer - Ripple (XRP): Global payments - Solana (SOL): High-performance blockchain - Hyperliquid (HYPE): 24-hour on-chain trading - Chainlink (LINK): Tokenization and oracles - Sui (SUI): Next-generation infrastructure - Avalanche (AVAX): Mass customization

The following is an order book analysis chart for the BTC/USDT spot pair, showing the Volume Heatmap on top and the Cumulative Volume Delta (CVD) below. - The top 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. Brighter areas may indicate potential support and resistance levels. - The bottom CVD indicator shows buy and sell orders categorized by trade size. The corresponding colored line rises as buy orders increase. The yellow line represents orders between $100 and $1,000, while the brown line indicates large orders ranging from $1 million to $10 million.

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: 50.3% long, 49.7% short - Binance: 49.58% long, 50.42% short - OKX: 49.75% long, 50.25% short - Bybit: 50.36% long, 49.64% short

A new anonymous address starting with bc1qw5 has withdrawn 500 BTC, worth $31.15 million, from Binance, according to Onchain Lens. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

An address starting with 0x8c94 lost $999,999 in USDT on the Ethereum network after signing a phishing token approval, Web3 anti-scam security platform ScamSniffer reported on X. The initial withdrawal attempt for $1 million failed as it was $631 over the wallet's balance. However, 36 seconds later, a script recalculated the amount and drained the entire balance. In response, ScamSniffer urged users to always double-check signature requests and not to rush.

U.S. President Donald Trump said Iran called first, adding that they want to make a deal.

The TAC Protocol (TAC) team has attributed the recent sharp drop in its token price to the impact of futures liquidations amid low liquidity. In a statement on X, the project clarified that the protocol was not hacked and that all on-chain assets and systems are operating normally. The team also stated that neither they nor early investors were involved in the sell-off, as their tokens remain locked under vesting schedules. They believe that large-scale selling of perpetual futures led to a cascade of liquidations, which in turn exerted downward pressure on the spot market. The team announced it will release plans to improve liquidity and restore trust in the future.

Nagi Hamiyeh, Head of Global Investments at Singapore's sovereign wealth fund Temasek, told CNBC that the firm is still not considering direct investments in cryptocurrencies. He cited regulatory uncertainty as a key factor. Hamiyeh explained that while Temasek is not currently investing directly in crypto, it remains focused on related infrastructure, noting that blockchain technology can contribute to the real economy. Temasek previously recorded a $275 million loss on its investment in FTX following the exchange's collapse in 2022.

Cryptocurrency venture capital firm Pantera Capital has predicted that the potential revenue of decentralized derivatives exchange Hyperliquid (HYPE) could increase fivefold from its current level. Pantera noted that Hyperliquid's potential market size reaches approximately $100 trillion in daily notional trading volume. The firm estimates that if the platform secures a 1% market share, its annual revenue could reach about $3.7 billion. However, Pantera identified U.S. regulations on perpetual futures and the potential emergence of regulated platforms as the biggest risks for Hyperliquid. The firm suggested that Hyperliquid might launch a regulatory-compliant version for the U.S. market in the future.

Stablecoin payment company KAST is embroiled in a controversy over its terms of service, The Defiant reported. The issue was highlighted by Mike Silagadze, CEO of DeFi protocol Ether.fi (ETHFI), who strongly criticized KAST for a clause stating that ownership of user-deposited cryptocurrency is transferred to the company. KAST has since updated its terms to clarify that unused balances can be redeemed at any time, but the ownership transfer structure remains in place. According to the report, the controversy is escalating amid separate user backlash against KAST's decision to convert existing points into an equity-linked product rather than a token.

Solana (SOL) and XRP spot ETFs recorded net outflows on July 8, while the Hyperliquid (HYPE) spot ETF saw net inflows. - SOL: -$8.6 million - XRP: -$7.29 million - HYPE: +$3.3 million

U.S. spot Bitcoin ETFs recorded a total net outflow of $84.9 million on July 8, snapping a three-day streak of net inflows, according to data from Farside Investors. - BlackRock's IBIT: -$59.1 million - Fidelity's FBTC: -$14.9 million - Grayscale's GBTC: -$63.7 million - Grayscale's Mini BTC: +$52.8 million

U.S. spot Ethereum ETFs recorded a net inflow of $70.5 million on July 8, marking the fifth consecutive day of inflows, according to data from Farside Investors. - Fidelity (FETH): +$69.2 million - VanEck (ETHV): +$1.3 million

Japan's Sony Group has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a trust bank for issuing and managing a dollar-backed stablecoin, BankingDive reported. The subsidiary, Connectia Trust, under Sony Financial Group, is set to be established this month with $40 million in capital. Sony is preparing to launch the business in 2027, though specific products and target customers were not specified in the disclosure. The OCC attached an unusual condition, reserving the right to require Connectia to appoint a full-time Chief Financial Officer (CFO) who cannot hold other positions if deemed necessary. Local industry groups, including the Bank Policy Institute (BPI) and the Independent Community Bankers of America (ICBA), have opposed such charters. They argue that the approval grants bank-like status and credibility to stablecoin issuers without imposing bank-level obligations like deposit insurance. Sony first applied for the charter in October of last year.

U.S. Central Command announced that American forces completed a new round of strikes against Iran on July 8. The operation aimed to further degrade Iran's ability to attack merchant vessels and civilian sailors in the Strait of Hormuz, hitting around 90 military targets including air defense systems, coastal surveillance assets, missile and drone storage facilities, naval forces, and military logistics infrastructure. On the previous day, July 7, U.S. forces also conducted offensive strikes against approximately 80 military targets, including over 60 Islamic Revolutionary Guard Corps small high-speed boats. This action was taken to impose a heavy price on Iran for violating a ceasefire by attacking three merchant ships passing through the Strait of Hormuz. U.S. Central Command emphasized that American forces remain on high alert with robust combat capabilities, ready to conduct operations at any time as directed by the Commander-in-Chief.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $64.06 million liquidated (73.51% longs) - ETH: $42.17 million liquidated (69.29% longs) - SOL: $12.56 million liquidated (75.77% longs)

Shin Hyun-song, Governor of the Bank of Korea, said on July 9 that he believes stablecoins and deposit tokens each have their own specialized uses. According to Yonhap News, Shin made the remarks during a plenary session of the National Assembly's Finance and Economy Planning Committee in response to a question from Democratic Party lawmaker Ahn Do-geol. He stated that stablecoins and deposit tokens will maintain a competitive and complementary relationship within the monetary ecosystem. Shin also emphasized that his position on the need to promptly introduce a system for won-based stablecoins remains unchanged.

Nado, a perpetual futures decentralized exchange (perp DEX) built on Ink Chain, announced it is expanding its xPoint rewards for users of its xStocks stock token product. Users can earn xPoints by trading xStocks or depositing them as collateral. Additionally, users who trade daily across all xStocks markets can receive up to a 10% xPoint bonus. Holding xStocks as collateral applies an additional 25% xPoint multiplier. Registration on the points page is required to receive the rewards.

Bloomberg ETF analyst Eric Balchunas has described asset manager Vanguard's hiring for a 'Head of Digital Assets' as a major victory and validation for the crypto industry. Writing on X, Balchunas argued that the very creation of a role with 'digital assets' in its title represents a significant win. He claimed that Vanguard was effectively the last holdout, aside from Peter Schiff and one washed-up actor. However, Balchunas also relayed Vanguard's explanation that the company has not caved or turned pro-Bitcoin, but is instead looking to utilize the underlying technology.

A significant correction in the U.S. stock market could prompt a Federal Reserve intervention that would also benefit BTC and the broader cryptocurrency market, according to an analysis by Cointelegraph. The outlet noted that the U.S. stock market's capitalization has grown by 68% over the last five years, with an increase of about $6 trillion this year alone. If a correction occurs, the Fed might break with decades of practice to stabilize the market through measures like interest rate cuts, balance sheet expansion, or even purchasing specific ETFs. With 58% of Americans owning stocks, Cointelegraph argued that political pressure to prevent a prolonged bear market would be immense, as the market is too large to fail. The analysis concluded that because crypto prices are heavily influenced by dollar liquidity and risk sentiment, a Fed defense of risk assets would lower the risk premium, allowing BTC to benefit from improved liquidity and risk appetite.

Texas residents have lost a total of $56.8 million to cryptocurrency ATM scams over the past year, according to Cryptopolitan. An estimated 1,200 residents in the state have fallen victim to these schemes. The scams typically involve fraudsters impersonating government officials or corporate employees. They contact victims by phone, falsely claiming the target is in legal trouble or owes money. The scammers then instruct the victims to convert cash into cryptocurrency at an ATM and transfer it to a designated wallet address.