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Decentralized perpetual futures exchange GRVT has opened registration for its upcoming airdrop ahead of its Token Generation Event (TGE). Eligible recipients must complete registration and agree to the terms between 6:00 a.m. UTC on July 10 and 12:00 a.m. UTC on July 27. GRVT also introduced a "Multiplier Program," which increases a user's airdrop allocation if they agree to a longer vesting period. Participants can receive a larger share of GRVT tokens by opting to delay their claim for four or eight months post-TGE. However, the move has sparked complaints from the community over what they describe as an unexpected lock-up requirement for the previously announced airdrop. The cryptocurrency Telegram channel Coin Gachi Tuja noted that the new structure effectively reduces the allocation for users who do not choose a vesting option. The channel pointed out that this contradicts GRVT's earlier promise during its Season 1 campaign to distribute the full airdrop amount at the TGE.

Dunamu, the operator of South Korean crypto exchange Upbit, announced on July 10 that it signed a memorandum of understanding (MOU) with the Seoul Metropolitan Government on July 9 to enhance the financial literacy of young people and promote a proper understanding of virtual assets. Under the agreement, the two parties will establish a public-private digital finance education model to address financial, housing, and asset-building challenges faced by youth. The initiative will begin next month with an 'UpClass education' program for young adults at a youth center in Seoul. The curriculum will cover topics including: - Bitcoin and blockchain - Virtual asset fraud prevention - Various investment methods for virtual assets - The expansion of virtual assets, from stablecoins to real-world assets (RWA)

The price of LAB has plummeted approximately 94%, falling from $17.68 to $1.05 since July 6. Amid this crash, an address suspected of belonging to an insider remains active on-chain, according to analyst 9684xtpa. The analyst reported that about three hours ago, the address transferred 7.99 million LAB, valued at $9.24 million, to three new addresses. The purpose of this transfer has not yet been confirmed. This development follows persistent allegations of price manipulation against LAB from within the global cryptocurrency community.

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: 51.82% long, 48.18% short - Binance: 51.87% long, 48.13% short - OKX: 52.55% long, 47.45% short - Bybit: 51.99% long, 48.01% short

Asset manager Bitwise has identified the CLARITY Act as a key catalyst for the cryptocurrency market, suggesting its passage would likely signal a bottom for the current bear market. In its third-quarter outlook report, Bitwise noted that this quarter is a crucial period for the bill, which will define the crypto market's structure. The firm highlighted that prediction markets now place the probability of the CLARITY Act passing this year at around 40%, a significant drop from 75% in mid-May. Bitwise explained that if the act passes, it is highly likely to confirm the bottom of this bear market. Conversely, if the bill is rejected, it could lead to increased short-term volatility, though the firm believes uncertainty would gradually resolve as the industry continues to develop under a pro-crypto U.S. SEC and CFTC.

Members of the UK's Labour Party are pushing to amend a major bill to permanently ban political donations made with cryptocurrency, according to The Block. The lawmakers are reportedly gathering support to have the amendment included in legislation scheduled for debate in the House of Commons on July 21. If passed, the measure would permanently prohibit political contributions via crypto in the UK.

Gate.io has announced it will reinvestigate a Chinese user's claim of a $1.7 million hack and has issued a full apology for its initial handling of the matter. The exchange stated that it contacted the user immediately after receiving feedback and is responding in real-time. It added that an internal group has been formed to manage the situation and is assisting the user with efforts to freeze and recover the funds. The issue began when a Chinese user, @jheioff on X, claimed their account was hacked, resulting in a loss of $1.7 million. The user stated that the account, which they use on iOS and Mac, was protected by real-name verification, as well as phone, Google, and email authentication. They asserted that they had not changed their password but received a notification that it had been altered, along with other security settings, and demanded an investigation and compensation from Gate.io. The exchange initially drew criticism for its response, in which it appeared to dismiss the victim's claims and insisted there were no vulnerabilities in its security systems.

Cryptocurrency venture capital firm Pantera Capital has released a new research report, "Crypto on the Clock," utilizing the data infrastructure of crypto-focused AI intelligence platform Surf. The research analyzes the structure, trading volume, fee economics, and participant behavior of "near-term crypto prediction markets," with a focus on platforms like Polymarket and Kalshi. It sheds light on the microstructure of crypto prediction markets that settle on a minute-by-minute and hour-by-hour basis. Pantera Capital previously led a $15 million funding round for Surf AI, which also saw participation from major institutions such as Coinbase Ventures and Digital Currency Group (DCG).

Russian authorities are pushing to grant Rosfinmonotoring, the country's financial transaction watchdog, the power to supervise all cryptocurrency-related transactions, Bits.media reported. Under the proposed legislation, domestic digital custodians and foreign financial institutions would be required to submit detailed information for transactions exceeding 60,000 rubles (around $800). This includes the payer and payee's full name, wallet address, physical address, date of birth, and personal taxpayer number. For transactions below this threshold, only the name and wallet address would be required. The bill is expected to take effect on Sept. 1, alongside other cryptocurrency legislation. Russia is simultaneously pursuing laws that would recognize cryptocurrency as property while also strengthening government control over the sector.

U.S. spot Ethereum ETFs recorded a net outflow of $52.2 million on July 9, snapping a five-day streak of net inflows, according to data from Farside Investors. - BlackRock's ETHA: -$12.7 million - BlackRock's ETHB: -$2.7 million - Fidelity's FETH: -$34 million - Bitwise's ETHW: -$2.8 million

U.S. spot Bitcoin ETFs recorded approximately $95.3 million (143.8 billion won) in net outflows on July 9, marking the second consecutive trading day of withdrawals, according to data from Farside Investors. - Fidelity's FBTC: -$63.3 million - Ark Invest's ARKB: -$39.9 million

The 24-hour trading volume on decentralized exchanges (DEXs) built on Robinhood Chain has surpassed that of Hyperliquid, Cointelegraph reported. Over the past 24 hours, DEX volume on Robinhood Chain reached approximately $375.14 million, compared to $170.58 million on the Hyperliquid L1. Robinhood Chain is a Layer 2 blockchain recently launched by the U.S. stock and cryptocurrency trading app Robinhood (Nasdaq: HOOD).

Cardano (ADA) founder Charles Hoskinson took to X to address rumors of his departure from the project, calling them "absolutely not true" and "completely false and fabricated." Hoskinson explained that the speculation spread due to edited, out-of-context video clips and subsequent reaction videos. He clarified that he never described Cardano as a "failed project" and that rumors of his retirement are also baseless.

Privacy-focused browser Brave announced its Basic Attention Token (BAT) Roadmap 4.0 on its official blog on July 9. The company said the roadmap aims to expand BAT's utility into everyday payments and establish a creator compensation system for the age of AI. Key initiatives include: - Support for AI agent payments based on x402 and the Machine Payments Protocol (MPP) - A new Brave Wallet integrating credit cards, cryptocurrencies, and Brave Rewards - A stablecoin payment protocol called BravePay - A stablecoin-based Brave Rewards card - A protocol to reward creators when their content is used by AI

The Zcash Ironwood mainnet upgrade is set to activate at 12:00 p.m. UTC on July 28, at block height 3,428,143, according to Zcash core developer Sean Bowe. This upgrade will focus on eliminating a vulnerability in the Orchard pool that could have potentially allowed an attacker to infinitely mint counterfeit ZEC.

Vadim, a former core developer for the Layer 1 blockchain Near Protocol (NEAR), announced on X that the version 2.13.0 upgrade has been deployed to the mainnet. He added that the update includes features such as quantum-resistant signatures, dynamic resharding, and gas keys. According to Vadim, the upgrade incorporates functionalities that most blockchains would typically pursue over a 10-year roadmap.

HSBC announced on July 10 that it has issued its first "Digitally Native" structured product in Hong Kong. The product, a U.S. dollar-based structured note, was issued directly on a blockchain from the point of issuance. Specific details, including the issuance size, underlying asset, maturity date, number of investors, and the blockchain platform used, were not disclosed. HSBC has been expanding its tokenization business, primarily in the Hong Kong market, and previously launched a gold token for retail investors.

The Ethereum Foundation's Protocol Support team announced its dissolution on July 9 via its official X account. The team was launched last year as part of a reorganization to coordinate Ethereum protocol development, manage hard fork schedules, support protocol governance, and nurture new core developers. The move follows a broader reorganization last month in which the foundation reduced its workforce by 54 employees, representing about 20% of its staff. Going forward, the foundation will operate with five core departments—Protocol, Access, User, Community, and Institutional—alongside operations and management support teams.

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

The cryptocurrency market has declined for three consecutive quarters, marking its longest slump since 2022, according to asset manager Bitwise. The firm, which issues a spot Bitcoin ETF, noted that its Bitwise 10 Large Cap Crypto Index fell by 15.4% in the second quarter compared to the previous quarter, with eight of its 10 constituent assets posting losses. Additionally, spot Bitcoin ETFs experienced their largest-ever quarterly net outflow. Despite the downturn, Bitwise highlighted that fundamentals across the crypto market continue to improve. During the same period, Ethereum (ETH) trading activity surged approximately 13-fold, and the total value locked (TVL) in decentralized finance (DeFi) grew by over 60%. The assets under management (AUM) for stablecoins have also doubled from their levels during the 2022 bear market.

The U.S. state of North Carolina will introduce a 6% tax on prediction market platforms such as Kalshi and Polymarket, Bitcoin.com reported. Governor Josh Stein signed a $34 billion fiscal year budget on July 7. The budget immediately raises the tax rate on online sports betting from 18% to 23%, with the 6% tax on prediction market revenue set to take effect on Jan. 1, 2027. However, North Carolina will not subject prediction market operators to separate state gambling regulations. Gaming industry analyst Dustin Gouker noted that this is the first instance of a state recognizing a U.S. Commodity Futures Trading Commission (CFTC)-registered prediction market as federally legal without imposing its own licensing or regulatory requirements.

OKX has announced that it will list SLX for spot trading at 1:00 p.m. UTC on July 10.

South Korean crypto exchange Bithumb has announced that it will temporarily suspend deposits and withdrawals for Flare (FLR) starting at 8:00 a.m. UTC on July 14 due to a network upgrade.

South Korean crypto exchange Upbit announced it will temporarily suspend deposits and withdrawals for Near Protocol (NEAR) starting at 2:00 p.m. UTC on July 19 to support an upcoming network upgrade.

Bitmine, a firm known for accumulating Ethereum (ETH), is suspected of purchasing an additional 20,500 ETH, worth $35.92 million, according to a report from Lookonchain. The transaction, a withdrawal from Galaxy Digital, occurred approximately six hours ago. This follows a disclosure from Bitmine last week, in which the company announced it held 5.74 million ETH after another purchase of 42,000 ETH.