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Bitcoin financial services company Strike has launched a new loan product collateralized by Bitcoin. According to The Block, the product prevents forced liquidations, even if the price of Bitcoin drops, as long as the borrower continues to make payments. Strike CEO Jack Maller explained that there are no margin calls or price-based liquidations with the new product, adding that while volatility is inevitable, liquidation is not.

Whale Alert reported that 2,500 million USDT has been burned at the Tether Treasury.

Clearstream, a subsidiary of Deutsche Börse Group, has announced it will now support custody services for XRP, XLM, ADA, SOL, LTC, and AVAX. According to U.Today, the company's custody services previously only supported BTC and ETH. The move is intended to meet the growing demand within institutional finance for cryptocurrencies that comply with the European Union's Markets in Crypto-Assets (MiCA) regulation.

The three major U.S. stock indices closed lower today. - S&P 500: -0.45% - Nasdaq: -1.16% - Dow Jones: -0.25%

Kraken's parent company, Payward, has been awarded $22 million in an arbitration case against its former auditor, global accounting firm Mazars, Cointelegraph reported. Payward claimed that Mazars unilaterally halted its 2022 audit just as it was nearing completion. The company argued that an audit is not a favor but is as essential as "oxygen for corporate survival," necessary for accessing banking services, obtaining licenses, and maintaining business relationships. Payward asserted that the auditor's action was part of Operation Choke Point 2.0, a measure to pressure the crypto industry by restricting its access to banking, and resulted in millions of dollars in losses. Kraken co-CEO Arjun Sethi has now petitioned a Delaware court to confirm the award.

Shares of Securitize (SECZ), which officially listed on the New York Stock Exchange (NYSE) on July 2, have fallen by nearly 25%. According to CoinDesk, Jeff Dorman, Chief Investment Officer at investment firm Arca, said the decline appears unrelated to the company's fundamentals or any specific news. He explained that such volatility is common after a SPAC deal as the investor base shifts from bond-focused SPAC buyers to long-term, fundamentals-driven equity investors. Dorman noted that this downturn aligns with a general pattern of crypto companies seeing their stock prices fall after going public, adding that the drop is unsurprising given the poor performance of other crypto-related IPOs like Coinbase (COIN), Bullish (BLSH), Gemini (GEMI), BitGo (BTGO), and Circle (CRCL). SECZ is currently trading at $8.20, down 24.63%.

Coinbase has announced the addition of GRVT to its listing roadmap.

Cryptocurrency exchange Kraken is pursuing a European banking license and is reportedly considering Lithuania as the jurisdiction, according to CoinDesk. If successful, Kraken would become the first crypto exchange to hold a full European banking license. However, Kraken has not officially commented on the plan, and the Bank of Lithuania stated that the licensing process for financial market participants is confidential.

In a recent report, Bitfinex noted that July is historically a positive month for Bitcoin. However, the analysis pointed out that seasonal factors alone will not be enough to sustain a recovery, emphasizing the need for continuous spot and institutional investment demand, CryptoPotato reported. Bitfinex highlighted that June was a difficult month for Bitcoin, marked by price weakness and sluggish spot demand and institutional inflows. The cryptocurrency fell 20.48% in June, a much steeper drop than its seasonal average decline of 1.5%. The report added that while there are suggestions the market may be approaching a bottom, this cannot yet be confirmed.

Bitcoin mining company CleanSpark (Nasdaq: CLSK) has purchased an additional 454 BTC for $29.05 million, Cointelegraph reported. This brings the company's total holdings to 13,924 BTC.

Crypto market maker Cumberland deposited an additional 4 million USDC into Hyperliquid (HYPC) about an hour ago, according to Onchain Lens. This brings Cumberland's total deposits into Hyperliquid to 6.85 million USDC across three transactions today.

Coinbase has announced that it will suspend trading for IDEX, LRC, OMNI, PIRATE, and FIS at 6:00 p.m. UTC on Aug. 7.

Cumulative trading volume on Polymarket's World Cup prediction market has surpassed $4 billion, setting a new all-time high for the platform, The Block reported. This figure exceeds the approximately $3.69 billion traded on the 2024 U.S. presidential election market, previously the largest single market on Polymarket. With about two weeks remaining until the end of the World Cup, The Block noted that the market's cumulative volume is likely to increase further.

According to 10x Research, the future direction of Bitcoin (BTC) mining stocks will depend on investor sentiment in artificial intelligence (AI), following a recent 20% correction that saw them decouple from the price of BTC. The research firm explained in a report that BTC mining companies are now closely linked to the AI theme, and BTC investors should also monitor shifts in AI market sentiment. It noted that global supply chains and international technological competition are key variables in the AI market, with stocks related to China's large language models (LLMs) and the outlook for South Korea's semiconductor supply chain directly impacting mining stocks. Therefore, the future trend of the AI industry will be a key factor in determining the price of mining stocks, the report concluded.

Crypto analyst Matthew Hyland, who has around 170,000 followers on X, predicted a potential two-to-three-year bull market for cryptocurrency, arguing that the macroeconomic environment is shifting to favor risk assets. According to CryptoPotato, Hyland identified the periods of 2014–2016, 2018–2020, and 2022–2026 as bear markets for macro risk assets, noting that major crypto bull runs have historically followed the end of such phases. He highlighted that BTC dominance has now formed a death cross for the first time since 2016 and 2020, and he anticipates a golden cross for altcoin dominance this fall. This pattern, he explained, is similar to trends observed at the beginning of previous bull markets.

According to Glassnode data, the volume of Bitcoin transferred to exchanges by long-term holders (LTH) in profit has fallen to its lowest level since early 2023. This suggests that profit-taking by this cohort has effectively come to a halt.

Eric Trump, son of U.S. President Donald Trump, announced on X that American Bitcoin's holdings of Bitcoin (BTC) have surpassed 8,000. He stated that despite volatility in the cryptocurrency market, the company achieved a 52% profit margin from its mining business in the first quarter and is continuously accumulating BTC as a treasury asset. Trump emphasized that this accumulation strategy will continue, noting that American Bitcoin maintains one of the lowest selling, general, and administrative (SG&A) expense ratios in the industry while steadily expanding its BTC reserves.

Tiger Securities has upgraded its rating on Coinbase from Hold to Buy and set a price target of $200, Walter Bloomberg reported. The firm stated that Bitcoin's risk-reward profile has improved following a sharp correction. It added that the worst of the crypto bear market is likely over and that the next bull cycle could be driven by recovering liquidity, increased institutional demand, and strengthening investor sentiment.

A surge in large-scale call option selling has coincided with a slowdown in Bitcoin's rebound, according to Greeks.live analyst Adam. He noted a sudden spike in BTC block call option trades on July 7. Given the decline in implied volatility, Adam suggested that large-scale investors, or whales, appear to be selling the calls. The analyst added that sell positions for this month's expiring call options have increased significantly, and margin secured after the June quarterly expiration is being rapidly shifted into option-selling strategies amid the current rebound. Next week's expirations are concentrated at the $66,000 strike price, he explained.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,007.17 on the Binance USDT market.

According to CoinNess monitoring, the price of the blockchain project TAC temporarily plummeted by approximately 80% to a low of $0.0067. According to Binance Alpha, TAC is currently trading at $0.00715, down 76.63%.

The U.S. Securities and Exchange Commission (SEC) has included three crypto-related items in its 2026 regulatory plan, according to The Block. The agenda includes a new proposal to amend regulations for exchanges and broker-dealers to accommodate digital assets. U.S. SEC Chairman Paul Atkins explained that the commission is embracing innovation to attract more financial products into the country. He added that the SEC is establishing clear rules for capital raising through cryptocurrencies and providing clear standards on how market participants can custody and support the trading of token securities on-chain.

A wallet associated with the World Liberty Financial (WLFI) Foundation deposited 170 million WLFI, worth approximately $10.22 million, into Binance about 20 minutes ago, according to EmberCN. The firm noted that barring any other significant developments, the deposit is likely intended for the seventh-month reward distribution for its USD1 deposit product.

An address associated with London-based asset management firm Abraxas Capital has deposited 8,000 ETH, worth approximately $14.15 million, into the decentralized lending protocol Aave, according to Onchain Lens.

Bitcoin's (BTC) dominance has fallen to a one-month low of 54%, leading to an expansion in altcoin market share, according to a CryptoSlate analysis of CoinGecko data. The report noted that BTC dominance recently dropped from 58.12% to its current level. In contrast, the combined market capitalization of altcoins, excluding BTC, Ethereum (ETH), and stablecoins, has risen from 19.39% to 24.68%. The Fear & Greed Index, a measure of market sentiment, also increased from 12 to 24 this week. CryptoSlate explained that this trend reflects a shift of investor funds toward yield-bearing tokens, Solana ecosystem infrastructure projects, and certain bullish altcoins such as HYPE.