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According to crypto options exchange Deribit, $1.47 billion in Bitcoin options are set to expire at 8:00 a.m. UTC today, July 10. The put/call ratio for this batch is 0.97, with a max pain price of $62,000. Additionally, $240 million in Ethereum options will expire at the same time. These have a put/call ratio of 1.23 and a max pain price of $1,700.

The Spot Cumulative Volume Delta (CVD) chart analyzes the order book for the BTC/USDT spot pair. The top section shows the Volume Heatmap, and the bottom section shows the CVD. - The Volume Heatmap tracks the volume of trades at specific price levels. The background color becomes brighter when the price remains in a certain range for an extended period or moves significantly. These brighter areas can potentially act as support or resistance levels. - The CVD indicator represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line tracks orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.

CoinMarketCap's proprietary Fear & Greed Index stands at 28, up two points from yesterday, continuing the market's state of "Fear." The index measures market sentiment on a scale where 0 indicates extreme fear and 100 represents extreme optimism. CoinMarketCap calculates the figure based on factors including the price movements of the top 10 cryptocurrencies, market volatility, derivatives data like the put-call ratio, the Stablecoin Supply Ratio (SSR), and its own internal search data.

The Bybit app is no longer searchable on the Google Play Store in South Korea. This move follows a notice issued by Google on Jan. 28, which stated that it could restrict downloads and updates for apps from overseas exchanges not registered as Virtual Asset Service Providers (VASPs) with the Financial Intelligence Unit (FIU), an agency under South Korea's Financial Services Commission.

North Korean leader Kim Jong Un has ordered an expansion of the Reconnaissance General Bureau's intelligence activities and a strengthening of its cyber warfare capabilities, Financial News reported. The bureau is an expanded and reorganized version of the former Reconnaissance General Bureau, which was known as a key agency for operations against South Korea. The U.S. government has identified the Reconnaissance General Bureau as the organization masterminding global hacking and cybercrimes, including cryptocurrency theft and the distribution of ransomware.

The official X account (@cashcat_token) for the Robinhood Chain-based memecoin Cashcat (CASHCAT), which has recently gained attention for a sharp price increase, is suspected of being hacked. A link is currently pinned to the top of the account's feed, directing users to a page that prompts them to connect their wallets to receive exclusive holder rewards. CASHCAT surged from approximately $0.014 on July 8 and is currently trading at about $0.13.

Binance CEO Richard Teng has argued that the European Union's Markets in Crypto-Assets (MiCA) regulation is backfiring, according to BeInCrypto. Speaking at the Reuters Next Asia Summit in Singapore, Teng said that since MiCA's implementation, most departing users are moving their funds to self-custody wallets rather than to platforms with MiCA licenses. He stated this trend undermines the law's original intent, as exchanges operate with anti-money laundering (AML) and know-your-customer (KYC) procedures that self-custody wallets lack. Teng emphasized that it would be better for regulators to focus on licensing compliant companies. Meanwhile, Binance withdrew its MiCA license application in Greece and suspended services for new EU customers on July 1.

AvalancheOne Technology (AVX), an Avalanche (AVAX) acquisition company (DAT), has regained compliance with Nasdaq's minimum bid price requirement, Decrypt reported. The company was previously non-compliant due to a falling stock price but executed a 1-for-12 reverse stock split on June 15. Following the split, its stock price remained above $1 for 10 consecutive trading days from June 15 to June 29, satisfying the listing rule. AvalancheOne holds approximately 14 million AVAX, valued at $95 million, which it is staking for an annual yield of around 6%. The company's current market capitalization is below the value of its AVAX holdings.

Coinbase Chief Legal Officer (CLO) Paul Grewal has left the company for a startup, though he will remain an advisor, CoinDesk reported. Following his departure, Molly Abraham, Vice President of Legal, will lead the company's legal team as legal counsel. Additionally, Ryan Van Grack, former legal counsel at Citadel Securities, will be appointed as Vice Chairman.

Goldman Sachs has prohibited its employees from trading on prediction markets related to finance and politics. The policy specifically bans trading in event contracts tied to individual companies, including Goldman Sachs itself, election outcomes, and financial market performance. Betting on sports and entertainment remains permissible. The bank warned that repeated violations could lead to termination or account closure. In cases of improper trading, the bank may also confiscate any profits exceeding $200 or require the employee to donate the amount to charity.

Grayscale's Chief Financial Officer (CFO), Edward McGee, has resigned after seven years with the firm. CoinDesk reported the departure, citing a filing with the U.S. Securities and Exchange Commission (SEC). According to the document, McGee stepped down for personal reasons, effective July 2, and his resignation was not due to any disagreement with the company's operations, policies, or practices. Grayscale has appointed Kathryn Masci and Daniel Plourde as interim co-CFOs.

The New Hampshire Executive Council has rejected a proposal to issue up to $100 million in Bitcoin (BTC)-backed bonds in a 3-2 vote, CryptoSlate reported. The proposed bonds were to be collateralized by private mining firm CleanSpark, a structure designed to pose no financial burden on the state government or taxpayers.

JPMorgan has analyzed in a new report that the true long-term risk to Bitcoin is not corporate selling, but rather the shift by institutions toward private blockchain networks. According to U.Today, the bank argued that Strategy's Bitcoin sales, which are currently dominating headlines, are a secondary issue. Bitcoin faces a more significant threat as traditional finance adopts blockchain technology that bypasses permissionless networks, JPMorgan explained.

Juan Leon, a senior investment strategist at Bitwise, said in an interview with The Block that Bitcoin's floor is rising despite macroeconomic headwinds, the craze around artificial intelligence (AI), and delays in passing U.S. crypto legislation. He added that some institutional investors view the current downturn as a gift, while others are waiting for regulatory clarity.

The three major U.S. stock indices closed higher today. - S&P 500: +0.81% - Nasdaq: +1.30% - Dow Jones: +0.27%

Lawmakers may release an updated version of the CLARITY Act as early as next week, CoinDesk reported, citing industry sources. A new draft of the bill is expected to be unveiled early next week and could be discussed in the Senate later this month. While the new bill incorporates agreements from the Senate Banking and Agriculture Committees, several issues remain unresolved, including ethics concerns raised by Senate Democrats.

U.S. Federal Reserve Chairman Kevin Warsh has established five task forces to review the central bank's monetary policy framework, with prominent Bitcoin supporter Marc Andreessen, founder of Andreessen Horowitz (a16z), reportedly included in an advisory group. According to BeInCrypto, the five independent groups will examine communication, balance sheet policy, the inflation framework, economic data, and the effects of artificial intelligence on productivity and employment. The outlet suggested that while cryptocurrency regulation is not part of the review, Andreessen's involvement could signal the Fed's growing awareness of the technology.

While nearly $5 billion flowed out of Bitcoin ETFs in the second quarter, this is a minor amount compared to the liquidity crisis in the $2 trillion private credit market, CoinDesk reported. According to data from SoSoValue, U.S.-listed BTC ETFs saw $4 billion in outflows in June alone. The report suggests these outflows are due to funds moving toward other investment opportunities, such as those related to artificial intelligence (AI) and SpaceX's large-scale IPO. Citing Fitch Ratings data, CoinDesk noted that redemption requests in the private credit market totaled $15.6 billion in the second quarter. "A significant number of fund managers have exceeded their quarterly redemption limit, which is capped at 5% of net assets," the analysis explained. "What is more concerning is that unprocessed redemption requests will continue to roll over to the next quarter, sustaining high redemption pressure." The report concluded that the simultaneous sell-off by investors in both asset classes—highly liquid, exchange-listed Bitcoin ETFs and illiquid, long-term private credit loans with quarterly withdrawal limits—suggests a weakening of investor sentiment toward liquidity and risk-taking. If the ongoing turmoil in the energy market persists, it could create an even more challenging environment for risk asset bulls.

Whale Alert reported that 289,999,990 USDT has been transferred from Poloniex to an unknown wallet. The transaction is valued at about $290 million.

U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig said the agency is drafting new regulations to provide clearer regulatory guidance for participants in prediction markets, Cointelegraph reported.

The Ethereum Foundation (EF) has announced it is applying artificial intelligence (AI) to its network to identify bugs before hackers can. According to Decrypt, EF researchers are using AI agents to find vulnerabilities in core network infrastructure, including cryptographic systems, protocol code, and smart contracts. The researchers said this approach has already led to the discovery of a real bug, which they described as a remotely triggerable panic in libp2p's gossipsub, a part of the P2P layer used by Ethereum consensus clients. The bug has now been fixed.

Former Meta engineer TechLead has sold his entire Bitcoin holdings, according to Wu Blockchain. He argued that the core issue for Bitcoin is that attention equals liquidity, stating that the NFT bubble proved simply holding an asset is not enough to sustain its price. TechLead also noted that people who once actively discussed Bitcoin are now mostly silent, as artificial intelligence (AI) is currently monopolizing nearly all market attention. He believes there is little room for new buyers to enter the crypto space for the time being. Despite the sale, TechLead added that he remains optimistic about Bitcoin in the long term and plans to repurchase it if the price drops further.

Bitcoin mining companies that saw their stock prices surge after pivoting to the artificial intelligence (AI) infrastructure business are now drawing market attention for stock sales by insiders and major investors as AI-related stocks undergo a correction, according to an analysis by Blocksbridge. The report notes that these miners significantly increased their corporate value by restructuring their operations around data centers and power infrastructure. However, with the recent weakness in the AI and semiconductor sectors, the TEM AI Infrastructure Growth Index has fallen 16% over the past month. Amid this downturn, executives at TeraWulf, Cipher Digital, Riot Platforms, and Core Scientific have all disclosed sales of their company stock. While most of these transactions were conducted under pre-arranged trading plans based on U.S. Securities and Exchange Commission (SEC) guidelines, the timing of the sales has attracted heightened market interest following the decline in AI-related stock prices. In addition to executives, investors are also reducing their holdings, with Tether notably trimming its stake in Bitdeer, another company that saw its stock rise on its AI business pivot.

Bitwise has added HYPE and XLM to its flagship crypto index ETF (BITW) while removing DOT and AVAX, BeInCrypto reported. HYPE was incorporated with a weighting of 0.93% and XLM with 0.38%, making HYPE the fifth-largest holding in the fund after BTC, ETH, XRP, and SOL. BITW operates similarly to a stock market index fund, automatically holding the top 10 eligible cryptocurrencies by market capitalization. This allows investors to gain exposure to the assets without purchasing them directly.

Cosmos (ATOM) announced a partnership with Spain-based IT firm Peersyst to expand its digital ledger infrastructure in Latin America and Spain. The agreement builds on a long-standing collaboration between the two companies. Peersyst will now serve as a key partner in supplying Cosmos-based blockchain solutions within the region.