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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.

Pragmatic (FRAG), a Solana-based liquid restaking protocol, has announced the suspension of its points program through its official X account. The protocol stated that as of 0:00 a.m. UTC on June 26, F points would no longer be accrued. It explained that continuing the program would require additional commitments that are not aligned with the protocol's long-term sustainability and the interests of the ecosystem. The announcement has intensified community criticism amid ongoing withdrawal delay controversies, with many accusing the project team of irresponsibility. The operator of the Telegram channel 'Cheongnyeonyeoljeongmara,' which has approximately 15,000 subscribers, noted that this move suggests something is wrong with the project. The operator highlighted several existing issues, including withdrawal delays for deposited BTC that have lasted for over two months, the team shifting responsibility, a buyback program that was halted in April without notice, and the closure of communication channels, all while failing to provide previously promised explanations.

The governor of Thailand's central bank announced that banks will be permitted to issue baht-pegged stablecoins within the year.

Ki Young Ju, CEO of CryptoQuant, said it is uncertain whether Bitcoin has reached its cycle bottom. He posted an on-chain data image that illustrates the attractiveness of potential gains versus losses from buying Bitcoin at its current price. According to the image, the market has not yet reached the bottom zone where the risk-reward ratio is maximized, as seen in past major bear markets.

Japanese listed company Metaplanet, which has been accumulating Bitcoin, has seen its stock price plummet 87% over the past year while adding 27,832 BTC, U.Today reported. The outlet noted that Metaplanet has aggressively pursued its Bitcoin accumulation strategy, more than tripling its crypto holdings from a year ago. The company now holds a total of 40,177 BTC at an average purchase price of $104,106, representing a total investment of approximately $4.18 billion. However, its stock has taken a bigger hit than other Bitcoin-accumulating public companies. U.Today added that the sharp decline was surprising, particularly as Metaplanet is not funding its purchases with debt by selling preferred stock, a strategy used by MicroStrategy.

Apparent demand, an indicator for Bitcoin's spot demand, has remained negative for 208 consecutive days and recently fell to -273,000 BTC, according to crypto analyst Ali Martinez. He explained on X that this metric gauges real spot demand by comparing newly mined BTC with the movement of existing holdings. From Nov. 9, 2025, to May 31, 2026, the indicator stayed in a negative range between 0 and -150,000 BTC, showing moderate selling pressure. It has since dropped to and stagnated around -273,000 BTC. Martinez noted this means new buying is failing to absorb the supply of long-held coins entering the market, creating a supply-demand imbalance that is acting as strong price resistance.

Iran's Khatam-al Anbiya Central Headquarters announced that if the United States fails to control Israel, Iran will not tolerate any threats against it and reserves the right to respond.

Strategy's unrealized loss on its Bitcoin holdings has surpassed the market capitalization of Dogecoin, CoinDesk reported. The company's paper loss stands at approximately $13 billion, while Dogecoin's market cap is around $11.5 billion. The loss is also greater than the market caps of other major cryptocurrencies, including ADA, XMR, LINK, BCH, LTC, UNI, and NEAR. Experts have pointed out that this distorted structure runs counter to the fundamental principles of the crypto ecosystem. The criticism is that a single publicly traded company has monopolized a significant portion of the market supply, transplanting the "too big to fail" risk from traditional financial markets into the crypto space. Strategy currently holds approximately 844,000 BTC, with an average purchase price of around $75,600.

Deutsche Bank has noted that expectations for a U.S. Federal Reserve rate hike have receded after the Personal Consumption Expenditures (PCE) price index, released on June 25, rose 0.4% month-over-month, falling short of economists' 0.5% forecast. In a report, Deutsche Bank analysts assessed that the data helps curb the narrative of a Fed rate hike, which had been gaining traction in recent weeks. They added that while Fed officials remain cautious on the inflation outlook, speculation is growing that the central bank may not need to raise rates this year. Consequently, the U.S. dollar weakened slightly as the market lowered its expectations for a rate increase.

With the price of XRP falling to $1.04, a growing proportion of investors are selling at a loss, according to an analysis by Glassnode. The on-chain analytics firm noted on X that the 90-day moving average profit/loss ratio has dropped to 0.33, its lowest level since August 2022. Glassnode stated that this trend indicates intensifying capitulation, or pressure from investors selling at a loss.

Two wallets linked to former Celsius CEO Alex Mashinsky have sold 17,598 ETH, Onchain Lens reported. The assets were sold at an average price of $1,548, securing 27.24 million USDS. The U.S. Commodity Futures Trading Commission (CFTC) previously settled a lawsuit against Mashinsky, who is currently serving a 12-year prison sentence. Celsius is a now-bankrupt cryptocurrency lending firm.

BTC perp long/short ratios on top exchanges by open interest 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: 49.28% long, 50.72% short - Binance: 49.32% long, 50.68% short - OKX: 49.31% long, 50.69% short - Bybit: 49.12% long, 50.88% short

Jeffrey Huang, a Taiwanese singer-turned-crypto influencer, stated on X that Ethereum needs a "snail issuance" mechanism, similar to Bitcoin's halving. The concept is currently a topic of debate among the Ethereum Foundation and its core researchers. It proposes adjusting the staking issuance curve to lower the annual percentage rate (APR) as more ETH is staked, thereby reducing the overall supply. Proponents argue that too much ETH is locked in staking and not being utilized, while opponents fear that a sudden reduction in rewards would drive away small-scale stakers. Huang, known as the King of Liquidation, currently holds a 25x long position on 888 ETH on Hyperliquid (HYPE) at an average entry price of $1,564.35.