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According to CoinNess market monitoring, BTC has fallen below $62,000. BTC is trading at $61,954 on the Binance USDT market.

Strategy announced that it has purchased an additional 3,588 BTC.

Sberbank, Russia's largest bank, plans to launch a cryptocurrency wallet and digital custody services by the end of the year. According to CoinDesk, the bank will add these services to its Sberbank Online and SberInvestments platforms after Russia officially implements a new cryptocurrency regulation law in September. The wallet service will allow Sberbank customers to use cryptocurrencies from within the bank's own application.

The German government has included a proposal to impose a capital gains tax on cryptocurrencies as part of its financial savings plan for the 2027 federal budget, BeInCrypto reported. The move could eliminate the current tax exemption on capital gains for investors who hold cryptocurrencies for more than one year. Germany's Federal Ministry of Finance disclosed the plan in a monthly report, specifying that the crypto tax adjustment is part of a fiscal consolidation policy agreed upon by the coalition government. Under current German law, Section 23 of the Income Tax Act, capital gains from the sale of cryptocurrencies held for over 12 months are not taxed. Conversely, if sold within a year, gains are subject to income tax of up to 45%, with an exemption for annual capital gains under €1,000.

Deposits of USTB, a tokenized U.S. Treasury fund from global asset manager Invesco, surged by approximately 300% on the DeFi lending protocol Aave during the second quarter compared to the previous quarter, according to on-chain data platform Token Terminal. The fund is managed by Invesco and issued on the FundOS transfer agency and tokenization infrastructure provided by Real World Asset (RWA) firm Superstate. This sharp increase in deposits highlights the deepening integration between real-world assets and DeFi protocols.

Orbs has unveiled Perpetual Hub Ultra 2.0, a Layer 3 protocol that enables trading platforms to launch their own decentralized perpetual futures exchanges using a single integrated infrastructure stack and shared liquidity. The protocol, which runs on Orbs' Layer 3 network, combines execution, settlement, pricing, liquidation, hedging, and the entire exchange interface within a single architecture. This allows operators to deploy a ready-made perpetual futures exchange with a unified backend and shared liquidity, rather than individually integrating separate services for liquidity, execution, and risk management.

Taiwanese celebrity singer Jeffrey Huang, also known as Machi Big Brother, stated on X that he intends to recover all his losses in a single trade. He currently holds a 25x long position of 11,100 ETH on Hyperliquid, with an unrealized profit of approximately $410,000. The position has an entry price of $1,735.7 and a liquidation price of $1,751.

BlackRock has deposited 2,265.685 BTC, valued at approximately $142.45 million, into Coinbase, according to Onchain Lens. Such a deposit to an exchange could be part of the operational process for its spot crypto ETF, such as handling settlements for redemptions related to fund inflows and outflows.

According to data from CoinGlass, if BTC falls below $62,098, an estimated $462.29 million in long positions on centralized exchanges (CEX) will face forced liquidation. Conversely, a move above $64,178 would liquidate $410.13 million in short positions.

The UK government has announced a new crackdown on foreign funds in politics, a move that could pressure cryptocurrency billionaires who have funded Nigel Farage's Reform Party, Decrypt reported. The measures build on a political funding reform package announced in March, which introduced a £100,000 cap on foreign political donations and banned crypto asset donations until a regulatory framework is established. At the time, the Reform Party was the only major UK party to have accepted such donations. The bill is scheduled for its final reading in the House of Commons next week and is expected to significantly impact the party's crypto billionaire backers.

Bithumb has announced it will temporarily suspend deposits and withdrawals for Siacoin (SC) starting at 3:00 a.m. UTC on July 7 to support a network upgrade.

Bernstein noted in a report that while Bitcoin has fallen 54% from its peak of $125,000, this correction is significantly milder than the 75% to 90% declines seen in past bear markets. The firm added that Strategy has invested approximately $1.4 billion to purchase around 175,000 BTC this year, continuing its buying spree even as U.S. mining companies have been selling. Furthermore, Bernstein maintained its year-end price target of $150,000 for BTC, though it described the goal as ambitious following the recent downturn.

An anonymous whale withdrew a total of 3,556 BTC, worth approximately $222.94 million, from German stock brokerage Trade Republic a short while ago, Onchain Lens reported. The withdrawal was executed in two separate transactions. Withdrawals from exchanges are typically interpreted as a sign of accumulation.

According to ai_9684xtpa, a new address starting with 0x771 withdrew 4,200 XAUT, valued at $17.35 million, from Bitfinex approximately one hour ago.

A dormant Bitcoin wallet that had been inactive for nearly 15 years has transferred 30 BTC, worth $1.9 million, according to Galaxy Research. The wallet last received a BTC deposit in August 2011. This wallet is one of 39,069 dormant addresses targeted in an ownership lawsuit filed in a New York court by an anonymous plaintiff known as Noah Doe and two Wyoming-based entities. The plaintiffs are citing New York's lost property law to claim ownership of the long-inactive Bitcoin wallets. The list of wallets in the lawsuit reportedly includes addresses believed to belong to Bitcoin creator Satoshi Nakamoto, holding a total of 3.7 million BTC, worth approximately $234 billion. Alex Thorn, Head of Research at Galaxy Digital, noted that dormant addresses linked to the lawsuit have been increasingly activating. He explained that while only five such addresses moved 4,834 BTC in February, the activity surged in June, with 31 addresses transferring a total of 17,527 BTC.

Liquidity in the cryptocurrency market continues to contract, Cointelegraph reported. The outlet noted that over the past 30 days, the market capitalizations of USDC and USDT have decreased by 3.6% and 2%, respectively. This decline in the stablecoin market cap has been an ongoing trend since November of last year, indicating that more capital is flowing out of the market than in. As stablecoins are typically minted to meet rising demand and burned when demand falls, their supply serves as a key indicator of market demand and liquidity flows. The current environment suggests that liquidity constraints are continuing to tighten.

Morgan Stanley has suggested that the U.S. stock market may face constraints in reaching new all-time highs as investors pull funds from the mega-cap technology stocks that have led this year's rally and redirect them to other sectors. The institution noted that the market is facing uncertainty about whether increasing AI capital expenditure can translate into tangible profits, leading to a broad outflow from large tech stocks as the index stagnates after having priced in positive news. According to the firm, a massive positive development is needed for the market to rise further. Morgan Stanley also analyzed that the momentum of the tech-focused rally is weakening as funds shift in anticipation of interest rate cuts, with capital being reallocated from small-cap profit-taking to AI application beneficiaries with clear profitability.

An anonymous whale wallet just withdrew 14,267 ETH, worth approximately $25.3 million, from Binance.

Jesus Rodriguez, founder of the institutional DeFi platform Sentora, has warned that using ETH or other DeFi-native assets like wrapped or liquid staking tokens as collateral for insurance can render the coverage ineffective during a crisis such as a hack. In a post on X, Rodriguez argued that relying on collateral that loses value at the same time as the insured asset limits not only the ecosystem's stability but also its growth. He noted that of the $94 billion in total value locked (TVL) across DeFi, less than $1 billion is allocated to insurance. "Institutions often halt their investment plans during the due diligence phase if they find that insurance is collateralized by ETH or other DeFi cryptocurrencies," he added. Rodriguez suggested that external collateral not directly entangled with DeFi could be the solution. He highlighted Firelightfi's recent decision to use assets like XRP or Stellar (XLM) as an example of a strategy designed to prevent the collateral's value from being compromised during a DeFi crisis.

Bitcoin futures are trading at a premium to the spot price for the first time in a month, signaling a potential revival in risk appetite, but it is too early to call it a trend reversal, according to on-chain analyst Axel Adler Jr. He noted that while BTC futures prices were below spot throughout the past month, they flipped back to a premium early this month, suggesting a recovery in traders' demand for leveraged investments. Adler explained that the 30-day moving average of the basis—the difference between futures and spot prices—was slightly positive in late May before falling sharply into negative territory in June. Furthermore, a positioning index that tracks buy and sell flows in the futures market has shown a surge in new long positions over the past few days, indicating a shift away from a defensive market stance. However, he cautioned that the premium remains small and the increase in long positions is not yet significant enough to confirm a broader trend reversal.

According to Cointelegraph, Ripple has secured a license as a Crypto Asset Service Provider (CASP) in Luxembourg under the European Union's Markets in Crypto-Assets (MiCA) regulation. The license allows Ripple to offer its crypto services across all 30 countries within the European Economic Area (EEA).

According to CoinGlass data, short positions worth $619.87 million on centralized exchanges (CEX) face liquidation if BTC breaks through $65,050. Conversely, a drop below $62,012 could liquidate $558.34 million in long positions.

Binance founder Changpeng Zhao stated on X that he is unfamiliar with and does not hold the BNB Chain-based memecoins TCC, CZ, and AB. His statement came after the Solana (SOL)-based memecoin ANSEM gained attention through social media mentions, leading some in the community to hope for similar high-profile endorsements for BNB Chain projects. Following Zhao's post, the prices of TCC, CZ, and AB have all declined.

Shinhan Bank is set to integrate a cryptocurrency wallet into its unified group application, 'Shinhan SuperSOL.' According to the Seoul Economic Daily, the bank issued a request for proposals on June 30 for a consulting project focused on analyzing and designing the digital wallet's infrastructure. The project has a budget of 900 million won (approximately $643,000) and is expected to be completed within three months of the contract signing. The selected consulting firm will be required to form a consortium with relevant technology companies to carry out the project.

The comprehensive stock swap between Naver Financial and Dunamu has been extended by three months, according to Digital Times. In a revised disclosure on July 6, Naver announced that the planned stock swap date for its subsidiary, Naver Financial, has been moved from Sept. 30 to Dec. 31. The scheduled date for the shareholders' meeting has also been adjusted from Aug. 18 to Nov. 19. Once the stock swap is complete, Dunamu will become a wholly-owned subsidiary of Naver Financial.