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Australia is set to fully implement the crypto Travel Rule starting July 1, Cointelegraph reported. Under the new regulations, users of regulated crypto exchanges in the country will be required to submit additional information for all deposit and withdrawal transactions, regardless of the amount. This approach is similar to that of countries like France, the Netherlands, and Japan, which have no minimum transaction threshold. In contrast, the U.S. only requires information collection for transactions exceeding $3,000.

A growing number of European crypto companies are relocating to the United Arab Emirates (UAE), particularly Dubai, ahead of the full implementation of the European Union's Markets in Crypto-Assets (MiCA) regulation, CoinDesk reported. Dubai-based lawyer Irina Heaver said inquiries from European crypto firms about the cost, timing, and uncertainty of obtaining local licenses have surged, with her firm receiving 120 consultation requests per week. She explained that these companies prefer the UAE's faster licensing process and clearer regulatory environment over the complex regulations and administrative procedures in Europe.

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: 49.83% long, 50.17% short - Binance: 49.45% long, 50.55% short - OKX: 50.29% long, 49.71% short - Bybit: 50.4% long, 49.6% short

A Michigan court has issued a temporary restraining order banning the prediction market platform Kalshi from offering bets on sports events, Reuters reported. The court imposed a fine of $120,000 per day for non-compliance, citing violations of state gambling laws. The judge argued that Kalshi was causing irreparable harm to citizens by operating sports betting disguised as investment opportunities. With this order, Michigan becomes the second state after Nevada to prohibit Kalshi's operations. A similar ban in Massachusetts is currently on hold pending an appeal from the company. Kalshi has announced its intention to pursue legal action, countering that prediction markets fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC), not individual state governments.

While the price of Chainlink (LINK) is trading near recent lows, the number of addresses holding the token has steadily increased, according to on-chain analytics firm Santiment. Over the past five days, the number of LINK wallets with a non-zero balance has grown by more than 8,000 to a total of 892,800. According to CoinMarketCap, LINK is trading at $7.29, down 6.84% over the last seven days.

Binance announced that it has selected OpenGradient (OPG) for its 65th HODLer Airdrop.

Upbit announced that it will temporarily suspend deposits and withdrawals for Injective (INJ) at 9:00 a.m. UTC on July 2 due to a network upgrade.

At least one, and possibly two, sovereign wealth funds are currently accumulating spot Bitcoin (BTC), according to Basil Al Askari, CEO of Abu Dhabi-based crypto exchange MidChains. Speaking on a podcast, he noted that the current price is viewed as a suitable entry point for large institutions to make phased purchases of BTC with a long-term perspective, Cointelegraph reported. Al Askari added that while prices are unlikely to surge in the short term, the accumulation by these funds could serve as a signal to encourage other institutional investors to enter the market.

U.S. spot Bitcoin ETFs recorded a net outflow of around $231 million (357.7 billion won) on June 29, marking the eighth consecutive day of net outflows, according to data from Farside Investors. - BlackRock's IBIT: $300.4 million net outflow - Fidelity's FBTC: $3.9 million net outflow - Ark Invest's ARKB: $50 million net inflow - VanEck's HODL: $3.8 million net inflow - Morgan Stanley's MSBT: $7.3 million net inflow - Grayscale's GBTC: $35.1 million net inflow - Grayscale's Mini BTC: $22.9 million net outflow

U.S. spot Ethereum ETFs recorded a net outflow of $29.9 million on June 29, marking the eighth consecutive day of net outflows, according to data from Farside Investors. The detailed flows included a $5.9 million inflow for BlackRock's ETHA, a $37.5 million outflow for Fidelity's FETH, a $5.3 million inflow for Bitwise's ETHW, a $2.1 million inflow for Grayscale's ETHE, and a $5.7 million outflow for Grayscale's Mini ETH.

Guo Wengui, a real estate tycoon who sought asylum in the U.S. after exposing corruption within the Chinese Communist Party leadership, has been sentenced to 30 years in prison on fraud charges, The Block reported. He was arrested in 2023 on charges of conspiring in a fraud scheme that raised over $1 billion through cryptocurrency.

According to data from Tokenomist, the major token unlocks scheduled for this week (June 29–July 5) are as follows: - GPS: 708 million tokens ($6.4 million), representing 15.90% of circulating supply, at 12:00 a.m. UTC on July 1 - SUI: 13.72 million tokens ($9.62 million), representing 0.34% of circulating supply, at 12:00 a.m. UTC on July 1 - EIGEN: 36.82 million tokens ($8 million), representing 6.15% of circulating supply, at 4:00 a.m. UTC on July 1 - ENA: 40.63 million tokens ($3.19 million), representing 0.48% of circulating supply, at 8:00 a.m. UTC on July 3

U.S. Senate leadership, including Senate Banking Committee Chairman Tim Scott and Republican Senate Whip John Thune, are pushing to pass the CLARITY Act in July ahead of a month-long recess in August, Cointelegraph reported. The Senate currently has about four weeks remaining before the break.

The cryptocurrency market is in a wait-and-see phase, influenced by geopolitical dynamics, the monetary policies of major economies, and global liquidity, according to an analysis by Bitunix. The firm noted that BTC is currently trading in a range between $58,060 and $61,931. Key variables at play include issues surrounding the independence of the U.S. Federal Reserve, energy supply chain risks from oil price volatility, the declining value of the Japanese yen, and the potential for monetary tightening by the Reserve Bank of Australia. Bitunix added that while a ceasefire trend continues in the Middle East, uncertainty persists. These combined factors are dampening the appetite for risk assets, the analysis concluded.

OKX has announced that it will list TAO for spot trading at 1:00 p.m. UTC on June 30.

South Korean crypto exchange Upbit announced it will list Genshin (AI) for trading against the Korean won (KRW), Bitcoin (BTC), and Tether (USDT) at 7:00 a.m. UTC on June 30.

GRVT, a ZK-based decentralized exchange, announced on its official X account that it plans to launch its own token, GRVT, in July. The specific launch date will be announced later.

The buyback program for the Solana-based meme coin launchpad Pump.fun (PUMP) has surpassed $400 million in value, yet this has had a limited effect on the token's price, The Defiant reported. To date, the platform has bought back approximately 145.5 billion PUMP, worth around $409 million, with all purchased tokens being immediately burned. The Defiant explained that although Pump.fun's model is designed to increase token value by using platform revenue for buybacks and burns, the resulting supply reduction has not yet directly translated into a price increase.

Magic Eden (ME) and its key executives were hit with a class-action lawsuit from investors on June 16. The plaintiffs allege that Magic Eden promoted ME as the backbone of a growing online asset market but failed to deliver on its promises, causing substantial financial losses for investors. The lawsuit names co-founders Jack Lu, Zhuoxun Yin, Sidney Zhang, and Zhuojie Zhou, as well as operating entities Euclid Labs Inc. and the ME Foundation, as defendants. The case has been formally filed. ME, which reached a high of around $4.25 in December 2024, has since fallen by 98.62% and is currently trading at $0.05842.

South Korean prosecutors are seeking a 4.5-year prison sentence for the mastermind behind a rug pull involving the Solana-based memecoin CATFI, Digital Asset reported. The group is accused of securing 400 million won (around $290,000) in illicit profits through fraudulent trading on social media. According to the investigation, the perpetrators spent a few million won to issue CATFI on Pump.fun in early 2025 before listing it on a decentralized exchange (DEX) and executing the rug pull. The token's price surged 1,001-fold within 26 hours of its launch, attracting around 6,000 investors. The scheme ultimately resulted in 256 investors losing a total of 900 million won (around $652,000).

On June 29, the spot ETFs for Solana (SOL), XRP, and Hyperliquid (HYPE) all recorded net inflows. - SOL: +$77.07 million - HYPE: +$35.8 million - XRP: +$14.64 million

An address linked to a16z (Andreessen Horowitz) has deposited a total of 77,402 HYPE, worth approximately $5.18 million, to major exchanges over the past five hours, according to ai_9684xtpa. He noted that the address has stopped accumulating more HYPE over the past week and has instead been moving assets externally. He added, however, that this latest transfer is relatively small compared to the scale of its previous accumulations.

Binance has announced that it will conduct maintenance on its Bitcoin (BTC) network wallet at 1:00 a.m. UTC on July 1. As a result, deposits and withdrawals on the BTC network will be temporarily suspended. The maintenance is expected to last for approximately one hour.

South Korean crypto exchange Bithumb announced it will list Cap (CAP) on its KRW market at 5:00 a.m. UTC on June 30.

Christopher Perkins, head of Franklin Templeton's crypto division Franklin Crypto, told CNBC that Bitcoin's recent decline is due to macroeconomic pressure. He described Bitcoin as a "Frontier risk asset" that is highly sensitive to interest rate changes. However, Perkins noted that BTC has, for the first time in history, made it possible to hold private property on the internet. He also highlighted the potential synergy between AI and cryptocurrency, viewing them as complementary rather than competitive technologies, and emphasized his personal belief that BTC will continue to rise. Franklin Templeton established Franklin Crypto after acquiring crypto asset manager 250digital on June 22.