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South Korean crypto exchange Bithumb has announced that it will temporarily suspend deposits and withdrawals for Songbird (SGB) starting at 8:00 a.m. UTC on July 7 to support an upcoming network upgrade.

Ark Invest, the U.S. asset manager led by Cathie Wood, purchased $18 million worth of Circle Internet Group (NYSE: CRCL) stock yesterday through its funds, The Block reported. Circle is the issuer of USDC, the world's second-largest stablecoin. The purchase came as CRCL's price fell to $61.95 yesterday. The stock has declined approximately 41% over the past month.

The Altcoin Season Index from crypto data aggregator CoinMarketCap has risen three points from yesterday to 50. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against Bitcoin. An "altcoin season" is declared if 75% of these top coins outperform Bitcoin over the past 90 days. A score closer to 100 indicates a stronger altcoin season.

Pro-cryptocurrency U.S. Senator Cynthia Lummis has refuted criticism from Senator Elizabeth Warren regarding the Clarity Act. According to Cointelegraph, Lummis emphasized that the bill cannot create loopholes for illicit finance, highlighting that it already includes more than 16 safeguards against illicit funds. This comes after Warren previously criticized the bill, suggesting it could create such loopholes.

The combined monthly trading volume on prediction market platforms Kalshi and Polymarket surged 75% last month compared to the previous month, reaching approximately $45 billion, according to The Block.

The BTC bear market could end this month and transition into a bull market, according to Andre Dragosch, Head of Research for Europe at Bitwise. He noted that if semiconductor stocks rebound strongly from current levels, the U.S. Federal Reserve (Fed) might adopt a more dovish stance. While the market generally expects BTC to bottom out in October, Dragosch believes it is highly likely to form a low and rebound sooner.

U.S. President Donald Trump's earnings from his crypto-related businesses last year surpassed the annual net income of major publicly traded crypto companies in the U.S., Bloomberg reported. According to filings with the U.S. Office of Government Ethics, Trump earned at least $1.4 billion from these ventures in 2025. This figure exceeds the $1.26 billion net income of Coinbase, the most profitable U.S.-listed crypto firm. However, Bloomberg noted that Trump's profits largely stemmed from one-time sales of tokens and equity stakes rather than recurring operating income and were reported under different standards than Coinbase's accounting. On July 1, Trump said his profits were not a big deal and that he was already wealthy when elected, while avoiding reporters' questions about whether he had improperly used his office for personal gain. The White House has consistently denied any conflict of interest, maintaining that the president is not involved in the operation of his family's crypto businesses. CoinNess previously reported, citing Reuters, that Trump had earned $1.4 billion through cryptocurrency.

Blockchain investment firm ParaFi Capital purchased 56 million SKY, worth approximately $2.98 million, about an hour ago, AmberCN reported. The firm now holds a total of 126 million SKY, valued at $6.64 million.

The Solana (SOL) Foundation has announced the formal introduction of its on-chain governance system. Through this system, Solana network validators can now propose and vote on decisions related to protocol operations via Solana Governance Proposals (SGP). The SGP framework operates on-chain, allocating voting rights based on staked volume and verifying results through Merkle proofs. Validators with a minimum of 100,000 delegated SOL are eligible to register an SGP. The foundation clarified that unlike SGPs, SIMDs serve as technical proposals for protocol changes.

The Crypto Fear & Greed Index from data provider CoinMarketCap has risen two points from yesterday to 18, though it remains in the 'Extreme Fear' stage. The index measures market sentiment on a scale where 0 indicates extreme fear and 100 signifies extreme optimism. CoinMarketCap calculates the index based on several factors, including the price movements of the top 10 cryptocurrencies by market capitalization, market volatility, derivatives market data such as the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and CoinMarketCap's proprietary search data.

This is a spot Cumulative Volume Delta (CVD) chart analyzing the order book for the BTC/USDT spot pair. The top section displays a volume heatmap, while the bottom shows the CVD. - The volume heatmap at the top tracks the volume of trades at specific price levels. The background color brightens when the price consolidates in a range or makes a significant move. These brighter areas can potentially act as support or resistance levels. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. A rising line indicates an increase in buy orders for that category. The yellow line tracks orders between $100 and $1,000, while the brown line tracks large orders between $1 million and $10 million.

According to CoinNess market monitoring, BTC has fallen below $60,000. BTC is trading at $59,984.87 on the Binance USDT market.

Decentralized exchange (DEX) aggregator 1inch (1INCH) announced via its official X account that it now supports trading stock tokens on the Robinhood Chain. The platform stated that the global asset market is moving on-chain and that it is participating as a launch day partner. The move follows the launch of the public mainnet for Robinhood Chain, an Arbitrum (ARB)-based Layer 2 network from the U.S. stock and crypto trading app Robinhood (Nasdaq: HOOD), as CoinNess reported yesterday.

Germany's largest bank, Deutsche Bank, believes tokenization technology could reshape the structure of financial markets by lowering banks' reserve requirements and increasing intraday repurchase agreement (Repo) transactions, Cointelegraph reported. Last year, Deutsche Bank announced plans to launch an early version of a real-world asset tokenization platform, stating at the time that the technology would bring new opportunities for individual investors, banks, and corporations.

A lack of a clear value narrative has been cited as one reason why Ethereum (ETH) has failed to break the $5,000 mark for five years. Ansgar Dietrichs, a former Ethereum Foundation researcher and current director at Ethlabs, stated on a recent podcast that he struggles to clearly explain the actual role ETH plays as an asset today. He added that one of Ethlabs' core goals is to provide a clear direction for what ETH is meant to be. Podcast host Laura Shin noted that the most surprising part of her conversation with Dietrichs was his open admission that ETH still lacks a clear value narrative, even as it has been unable to surpass $5,000 for five years.

According to CoinNess market monitoring, BTC has risen above $61,000. BTC is trading at $61,145.02 on the Binance USDT market.

Kwave Media (Nasdaq: KWM), a South Korean entertainment company listed on the U.S. Nasdaq, has sold its entire holding of approximately 88 BTC, according to BitcoinTreasuries.net. The sale was aimed at securing liquidity and repaying $6 million in debt. The move follows the company's declaration in May 2026 that it was abandoning its strategic Bitcoin accumulation plan, which it had announced last year.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has added 134 cryptocurrency wallets linked to the terrorist group ISIS-K to its sanctions list, Chainalysis reported. This includes 131 Tron wallets and three Monero wallets. In a separate action, OFAC also sanctioned individuals associated with the Latin American criminal organization PCC for laundering illicit funds using cryptocurrency.

Nasdaq-listed company Emperi Digital (EMPD) has suggested it may sell a portion of its 3,000 BTC holdings to finance a $65 million artificial intelligence (AI) data center project, BitcoinTreasuries reported. The company currently has no plans to increase its Bitcoin reserves.

The three major U.S. stock indices closed lower today. - S&P 500: -0.21% - Nasdaq: -0.66% - Dow Jones: -0.02%

Hyperscale Data (GPUS), a Bitcoin mining company listed on the New York Stock Exchange (NYSE), has purchased 49.249 BTC, worth approximately $2.9 million, Bitcoin Magazine reported.

U.S. stock and crypto trading app Robinhood (HOOD) has launched the public mainnet for its own Layer 2 network, Robinhood Chain, built on Arbitrum (ARB), marking a full-scale entry into decentralized finance infrastructure, CoinDesk reported. The company's stock token product, available in 120 countries, has also officially gone live. Robinhood Chain has also unveiled Robinhood Earn, a decentralized lending product offering a 7% annual yield. Additionally, Robinhood is expanding its perpetual futures trading in Europe to include commodities, ETFs, and forex. The company also plans to launch crypto trading services in the UK and expand into Canada following its acquisition of the crypto platform WonderFi. For its U.S. users, Robinhood has released an AI-based trading tool called "Agentic Accounts."

The total assets under management (AUM) of global cryptocurrency exchange-traded products (ETPs) have decreased by approximately 15% since the beginning of the year to $140 billion, Sentora reported. However, the amount of Bitcoin held by these ETPs remains at 1.25 million BTC, within 8% of its all-time high. Sentora explained that considering Bitcoin's price has fallen about 50% from its peak of $126,000, this decline in AUM likely reflects mark-to-market valuation changes rather than significant outflows from institutional investors.

The Ethereum Foundation (EF) has positioned its network as a neutral public cryptocurrency infrastructure suitable for identity verification and public record management, according to a recent policy guideline report cited by CoinDesk. The report argues that traditional services relying on centralized institutions are highly vulnerable to cyberattacks and political pressure. In contrast, the EF highlighted that the Ethereum network has never been interrupted since its 2015 launch and is supported by the economic security of $76 billion in staked assets. The foundation also noted that several governments, including those in Bhutan, Buenos Aires, and India, are already testing Ethereum. The report advises politicians to clearly distinguish between decentralized public chains and networks controlled by specific companies.

Strategy (MSTR) founder Michael Saylor said on X that the company's goal is for its STRC stock to trade between $99 and $100 in the future. Strategy previously raised the annual dividend rate for STRC to 12%. STRC is a dividend-focused preferred stock designed to fund Strategy's Bitcoin purchases. STRC is currently trading at $88.49, up 4.28% from the previous trading day.