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Swedish Bitcoin financial strategy firm H100 Group has received shareholder approval to acquire two Norwegian companies that collectively hold 2,449 BTC, Cointelegraph reported. If the acquisition is completed, H100's Bitcoin holdings are expected to increase by 233% to a total of 3,500 BTC.

Bitcoin tested the $62,000 level for the first time in two weeks amid weakness in U.S. tech stocks and a hawkish Federal Reserve stance, Decrypt reported. BTC fell to as low as $62,000, while major altcoins including ETH, XRP, and SOL also saw declines of over 5%. The market downturn is being attributed to a sell-off centered on AI-related stocks, which has dampened risk appetite. Carlos Guzman, a research analyst at GSR Markets, explained that a sell-off is occurring in AI-related stocks and the crypto market is reacting to this risk-off sentiment. Meanwhile, Gerry O'Shea, head of global market analysis at crypto asset manager Hashdex, mentioned that easing U.S.-Iran tensions and the passage of the Clarity Act could serve as an inflection point for the crypto market.

Chainlink (LINK) is collaborating with 47 banks across South Korea and Europe to increase the speed of international remittances, Unfolded reported.

Jeffrey Huang, the Taiwanese singer known as Machi Big Brother, continues to hold a long position on Ethereum despite being liquidated seven times over the past 10 hours, Lookonchain reported. His current position is approximately 1,100 ETH, valued at $1.82 million, with a liquidation price of $1,635.71.

Cryptocurrency payment app Oobit has announced the integration of PIX, Brazil's real-time payment system. The move allows PIX's approximately 170 million users to deposit the Brazilian real (BRL) into the Oobit app and convert it to USDT for holding or payments. Oobit explained that users can send USDT with their PIX key or scan a QR code to make payments, with the blockchain operating in the background to provide a user experience identical to the existing PIX system. Launched by the Central Bank of Brazil in 2020, PIX is considered one of the world's largest digital payment networks.

Germany's largest bank, Deutsche Bank, has attributed Bitcoin's recent drop below $60,000 to a combination of macroeconomic and structural pressures. The bank identified several key factors: - A hawkish outlook from the U.S. Federal Reserve - Record-high outflows from spot Bitcoin ETFs - A decline in confidence following MicroStrategy's (MSTR) first sale of Bitcoin since 2022 - A rotation of capital into the artificial intelligence (AI) sector According to CoinDesk, Deutsche Bank analyst Marion Laboure assessed that Bitcoin is not disappearing. Instead, Laboure noted, it is maturing into an institutional asset whose price is determined by fund flows, Fed expectations, competing risk factors, and legislative outcomes.

According to Onchain Lens, a wallet believed to be linked to leading Silicon Valley venture capital firm Andreessen Horowitz (a16z) has withdrawn 12,780 ETH, worth approximately $21.22 million, from Binance. Withdrawals from exchanges are typically interpreted as a move to hold the assets.

BlackRock has assessed that Bitcoin (BTC) can be used as a diversification tool within investment portfolios. On a dedicated platform, the asset manager stated that BTC's role is evolving and that it can be considered a "complementary diversifier." BlackRock further explained that, in general, even a small allocation of 1-2% can contribute to improving portfolio returns while maintaining an appropriate level of risk.

Ethereum founder Vitalik Buterin announced that the Ethereum Foundation (EF) has cut its budget by approximately 40% this year as it transitions toward becoming a long-term, endowment-based organization. Buterin said on X that while the foundation previously spent about 15% of its remaining funds annually, it aims to reduce this to around 5% after 2030. He described the budget cut as a decision involving real sacrifice, not just a move for efficiency, adding that the organization has lost some of its important capabilities. Despite the cuts, Buterin emphasized that the EF will continue to advance its Ethereum Strawmap roadmap, which includes consensus, proof systems, privacy, account models, and other core infrastructure. He noted this work will constitute Ethereum's third generation, following the initial Ethereum and The Merge. The news follows a previous announcement that the Ethereum Foundation had completed a reorganization, reducing its workforce by 54 people, or about 20% of its staff.

According to on-chain analyst EmberCN, a prominent bull investor on Hyperliquid (HYPE) has seen unrealized losses reach as high as $91.46 million. The whale holds a total long position of $415 million across seven addresses. This includes 120,000 ETH, valued at approximately $271 million, and 2,000 BTC, valued at approximately $144 million. The average entry prices for these positions are $2,261 for ETH and $72,134 for BTC. However, EmberCN noted that the investor's actual leverage is low, and the current risk of liquidation is not significant. The average liquidation prices are around $1,160 for ETH and $47,000 for BTC.

According to CoinDesk, a security infrastructure expert has described the U.S. SEC's delay in approving tokenized stocks as a positive move for investor protection. The expert, Chamarajnagar, argued that the issue lies not with tokenization itself but with the existing compliance framework, which is incapable of handling real-time trading. He asserted that a next-generation regulatory and surveillance system is needed to understand transactional context before U.S. stocks are tokenized. Citing the Lazarus Group's money laundering via Tornado Cash, the misuse of customer funds at FTX, and the Mango Markets exploit, he explained that fraud occurs within the context of transactions, not in the code. To ensure the safe growth of the tokenized securities market, Chamarajnagar stressed the need for a "Cognitive Compliance" framework. This would involve real-time regulatory data collection, analysis of relationships between wallets, exchanges, and assets, detection of anomalous transactions, and dynamic risk assessment. He warned that tokenizing U.S. stocks without adequate preparation could trigger a crisis larger than the collapse of FTX and urged that the time granted by the SEC's delay must not be wasted. The U.S. SEC previously announced its decision to postpone plans to allow the trading of tokenized stocks.

Prominent Bitcoin skeptic Nouriel 'Dr. Doom' Roubini, a professor at New York University, is tokenizing one of his investment products, Bloomberg reported. Roubini is set to launch USAFi, a tokenized fund based on his Atlas America Fund (USAF). The fund, valued at approximately $17 million, primarily invests in U.S. Treasury bonds, gold, and real estate investment trusts.

Gate Europe has secured a Markets in Crypto-Assets (MiCA) license and a Payment Institution (PI) license, U.Today reported. The company stated that the licenses provide a foundation for offering digital asset services within the European Union's regulatory framework, which it views as a key element of its long-term growth strategy. Gate Europe also noted its ongoing investment in strengthening internal controls, risk management, operational oversight, and regulatory reporting. Giovanni Cunti, CEO of Gate Europe, said that Europe is setting high standards for digital asset regulation and that the company sees compliance as the basis for sustainable growth. He added that Gate Europe will focus on building a safe and reliable platform.

Richard Teng, CEO of Binance, stated that the on-chain Real-World Asset (RWA) market has grown by approximately 589% since the beginning of 2025. Citing a report, he explained that the RWA market's growth has continued into 2026. By asset class, bonds and money market funds (MMF) saw the largest increase at $6.5 billion, followed by stocks and indices at $2.2 billion and precious metals at $1.5 billion. The stocks and indices sector, in particular, posted the highest growth rate among major asset classes, surging 422% since the start of the year.

Thailand's Department of Special Investigation (DSI) has expanded its probe into illegal cryptocurrency mining, Decrypt reported. The DSI is tracking a financial network believed to be connected to a criminal organization with Chinese roots, with annual transactions exceeding 10 billion baht (approximately $300 million). The probe began during a crackdown on mining farms using illegal electricity, which led to the dismantling of three mining groups and the seizure of more than 6,390 mining rigs.

Erald Ghoos, CEO of OKX Europe, told The Block that 80% of local exchanges may not survive the end of the grace period for the EU's Markets in Crypto-Assets (MiCA) regulation on July 1. He noted that 60% of European crypto users are currently on platforms without a MiCA license. Ghoos added that Binance is also at risk of having its EU services suspended after its application in Greece was rejected, and that users should be prepared for disruptions on unlicensed exchanges after the deadline.

The three major U.S. stock indices opened lower today. - S&P 500: -1.59% - Nasdaq: -2.38% - Dow Jones: -0.70%

Market tension is rising as Bitcoin trades around $62,400, near its 200-week moving average, CoinDesk reported. The outlet noted that if this support level fails, the next major support is the Realized Price—the average purchase price of all BTC holders—at $53,457. This metric has repeatedly served as a bottom signal in past major bear markets, including those in 2011, 2015, 2018-2019, 2020, and 2022, where Bitcoin fell below the Realized Price before establishing a floor. From a market sentiment perspective, a drop below the average holder's cost basis could amplify fear as losses mount. Meanwhile, on-chain data shows that the average purchase price for whales holding 10,000 to 100,000 BTC is approximately $54,300, while mega-whales with over 100,000 BTC have an average cost basis of around $49,000. This suggests that if these large investors defend their positions, Bitcoin could form a bottom in the $50,000 to $54,000 range.

The Ethereum Foundation (EF) has completed its restructuring process, reducing its workforce by approximately 20%, or 54 employees, the foundation announced on its official blog. Going forward, the foundation will operate with five core departments—Protocol, Access, User, Community, and Institutional—alongside operations and management support teams. The foundation added that the 54 employees affected by the layoffs will receive a severance package that includes one month's salary for each year of service, a retirement payment, and a support fund with career coaching. This move follows earlier concerns within the crypto industry regarding staff departures and potential financial difficulties at the foundation.

SecondFi, a wallet in the Cardano (ADA) ecosystem formerly known as Yoroi, announced on X that it has suffered a loss of 16 million ADA, worth approximately $2.4 million, due to a platform vulnerability exploit. The platform is currently in maintenance mode, and a snapshot of existing balances has been taken. Further details regarding the hacker's activities and any compensation plans will be released at a later date.

Last-minute negotiations over the CLARITY Act are ongoing in Congress as its passage deadline nears, CoinDesk reported. The most contentious issue is an ethics provision that would restrict public officials from maintaining business relationships with the crypto industry, a point of difficulty due to its connection to the Trump family, World Liberty Financial (WLFI), and the TRUMP memecoin. Patrick Witt, executive director of the White House Cryptocurrency Committee, is reportedly pushing for the provision to apply to a broad range of public officials rather than being targeted specifically at the president. Other unresolved issues include concerns over the regulatory capacity of the Commodity Futures Trading Commission (CFTC), disputes over liability exemptions for DeFi developers, and the matter of stablecoin interest. The Digital Chamber and its member companies are lobbying with the goal of bringing the bill to a floor vote on July 13. However, if the bill fails to pass the Senate before the August recess, the chances of it becoming law this year will decrease significantly.

A new address has withdrawn 1,683 BTC, worth approximately $104.87 million, from Binance, Onchain Lens reported. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

Decentralized prediction market platform Kalshi has added India to its list of restricted countries, Cointelegraph reported. According to its revised terms of service, residents of 55 countries and regions, including India, are now barred from accessing the platform. The move follows a warning from India's Ministry of Electronics and Information Technology to VPN providers, urging them not to facilitate access to illegal and blocked online betting and prediction market platforms. Other countries, including Singapore, Poland, Portugal, Hungary, Ukraine, and Brazil, have also blocked or banned prediction market platforms such as Kalshi and Polymarket.

Only four of the eight projects that conducted a Token Generation Event (TGE) following an airdrop in the second quarter have seen their market capitalization increase, according to data from Cryptorank. The projects that experienced growth are Genius (GENIUS, 120%), o1 Exchange (O, 77.9%), Billions (BILL, 73.0%), and Re Protocol (RE, 64.5%). In contrast, Zentry (AI) and Fluent (BLEND) saw their market caps fall by 65.2% and 56.8%, respectively.

Swiss banking giant UBS Group has completed a compliance-related proof-of-concept (PoC) on the Ethereum network in collaboration with Ethereum execution client Nethermind, Cointelegraph reported. The trial, which took place on the Sepolia testnet, did not involve any real transactions.