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Cryptocurrency options trading platform BIT (formerly Matrixport) has predicted that Bitcoin's (BTC) implied volatility (IV) could fall below 30% this summer. The platform noted that BTC's implied volatility also fell below 30% during the summers of 2023 and 2025. If a similar trend unfolds, option premiums could decrease by approximately 30% from the reduction in volatility alone, BIT explained. While stating that the market alternates between favoring buyers and sellers, BIT assessed that the current environment is suitable for pursuing profits through option selling strategies, adding that it will flexibly adjust its approach if market conditions change.

Cryptocurrency analyst Frank has suggested that Bitcoin (BTC) may be poised for a short-term rebound, citing a positive turn in its MACD (Moving Average Convergence Divergence) indicator. He noted on X that with the MACD turning positive, it is now time for a meaningful relief rally. The analyst shared a chart showing past instances where a positive MACD crossover preceded significant price increases, such as rallies from around $65,000 to $82,000 and from approximately $85,000 to $97,000.

The chairman of the South Korean National Assembly's Political Affairs Committee, Yoo Dong-soo of the ruling Democratic Party, stated today that virtual asset legislation must be treated as a key priority. Speaking at a committee meeting, Yoo said that issues including a basic act on digital assets, capital market volatility, unfair contractual relationships, and protections for the self-employed are matters that "we recognize must be addressed with the utmost seriousness." According to a report by Digital Asset, fellow Democratic Party lawmaker Lee Kang-il noted at the same meeting that legislation concerning digital assets had been under discussion for a significant time but failed to pass during the committee's previous term. He added that market sentiment has "completely shifted from expectation to disappointment" and urged his colleagues to focus on regaining momentum for the legislative efforts.

BNK Busan Bank has successfully completed a proof-of-concept for a Korean won stablecoin infrastructure built on the Kaia (KAIA) blockchain, Kaia announced via X. The pilot program tested the application of this infrastructure to a digital local currency.

The number of active addresses on the Solana network surged by 38% over the past week, reaching 31.385 million, amid a rise in trading activity for the Solana-based memecoin ANSEM. Over the same period, the network's trading volume hit $13.63 billion across 685 million transactions. Fee revenue amounted to $4.06 million, a 70% increase year-over-year.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $58.01 million liquidated (84.32% shorts) - ETH: $39.79 million liquidated (71.36% shorts) - SOL: $9.42 million liquidated (73.19% shorts)

Strategy founder Michael Saylor has predicted that the growth of Bitcoin (BTC) over the next 10 years will depend on minimal changes to its protocol and the expansion of capital markets. He stated that BTC's most important feature is that it cannot be changed arbitrarily, adding that its base layer will operate more conservatively in the future, with a higher burden of proof required for any protocol modifications. Saylor emphasized that while payments, lending, credit, and yield products may be built on top of Bitcoin, the core protocol itself must remain unchanged. He further assessed that capital flows will now have a greater impact on BTC's trajectory than mining volume, suggesting the four-year halving cycle model is no longer dominant. Saylor also identified so-called "paper Bitcoin" as a major risk, explaining that the market will periodically face credit crises if intermediaries create more claims on the asset than they actually hold. In such scenarios, he noted, investors could be harmed by leverage, opacity, and rehypothecation, even if the protocol itself remains secure. He concluded that ensuring BTC exposure is backed by actual holdings will be the key issue for the next decade, highlighting the importance of custody, proof of reserves, and transparency.

Bitcoin's capital efficiency has declined, requiring over $1 trillion in new funds to fuel its next rally, according to an analysis by CryptoQuant. Citing a recent report from the analytics firm, CoinDesk noted that BTC's capital efficiency has dropped sharply over past bull cycles, demanding significantly more capital for rallies. In 2011, a $2.8 billion net inflow resulted in a 55,000% price increase, whereas in 2015, a $69 billion inflow led to a 10,000% rise. In the current cycle, which began in 2022, a $697 billion inflow has produced a 689% gain. Ki Young Ju, CEO of CryptoQuant, said that for Bitcoin to see further gains, it must establish itself as a core macro asset beyond the current retail-investor-driven ETF trading. He added that another major surge is only possible with large-scale institutional adoption capable of absorbing over $1 trillion in new capital. However, Ki noted that the environment for such a large-scale influx of institutional funds is not yet in place, pointing to recent net outflows from U.S. spot BTC ETFs and Bitcoin's bearish close to the first half of the year.

Binance has suspended cryptocurrency trading services in several European countries, including France, starting July 1 after failing to secure a license under the EU's Markets in Crypto-Assets (MiCA) regulation by the deadline, BFM Business reported. Users in France, where Binance has approximately two million customers, can now only withdraw their assets and are unable to conduct spot or margin trades. The company stated that all customer assets are being held securely.

South Korean telecommunications giant KT plans to fully launch its new growth businesses, "Token Factory" and "Stablecoin," leveraging its existing capabilities and assets, NoCut News reported. The company intends to combine its expertise across the entire value chain—from issuance, custody, and settlement to network transmission and real-world ecosystem integration—by utilizing its proprietary network and security infrastructure. This initiative was unveiled by KT CEO Park Yoon-young during his first press conference since taking office as part of a key strategy to transform the company into an "AX Platform Company." As part of this push, KT plans to invest a total of approximately 12 trillion won ($8.7 billion) in information security, IT, and network sectors over the next three years.

Garrett Jin, founder of the fraudulent crypto exchange BitForex, is holding a $15.08 million short position in Zcash (ZEC) on Hyperliquid (HYPE) and is currently facing a loss of $530,000, EmberCN reported. An address presumed to belong to Jin, starting with 0x92ea, opened its first position nine days ago at an average price of $444. EmberCN added that the address has a strong track record in ZEC trading. Meanwhile, the loss on Jin's BTC long position has narrowed from $23 million to $16 million amid the recent market rebound. According to CoinMarketCap, ZEC is trading at $461.41, up 24.23% over the past seven days.

The Altcoin Season Index from the comprehensive cryptocurrency data platform CoinMarketCap is currently at 52. The index is calculated by comparing the price performance of the top 100 coins by market capitalization (excluding stablecoins and wrapped tokens) against Bitcoin. It is considered an 'altcoin season' if 75% of the top 100 coins have performed better than Bitcoin over the last 90 days. The opposite scenario is deemed a 'bitcoin season.' A score closer to 100 indicates an altcoin season.

An analysis suggests that Bitcoin's Miner Cycle Stress Composite indicator is showing a pattern similar to the one seen during the 2015 market crash, having set a new low in the undervalued zone in 2026. In a post on X, CryptoQuant contributor @gaah_im noted that the indicator combines the Puell Multiple, a measure of miner profitability, with the Miner Capitulation Index. When these two metrics, which assess costs and cash flow differently, move in the same direction, it provides a more reliable signal of an extreme phase in the market cycle. Historically, both indicators collapsed together during stress periods and at BTC price bottoms in 2015, 2018, 2020, 2022, and 2024. The contributor highlighted that the only time the composite indicator fell to 0.00 was in 2015, after which BTC plunged approximately 50% from around $300 to $160 in less than a week. The analysis concludes that this same movement is re-emerging this year.

The Bitcoin Sharpe ratio, which measures risk-adjusted returns, has entered a zone of extreme pessimism after recently falling below -20, but this could be a sign of the market bottoming out, according to on-chain analyst Darkfost. He noted on X that the ratio briefly dipped below -20 before a slight rebound. Darkfost explained that such extreme drops in the Sharpe ratio have historically coincided with periods of peak pessimism in the crypto market. He attributed the ratio's plunge to Bitcoin's 16.1% decline in the second quarter, which marked its third consecutive quarterly loss. The analyst added that in the past, when the ratio fell to these levels, BTC often reversed into an uptrend within weeks to months. He concluded that while this signifies market interest has completely cooled, it could be a time to consider buying, but it should be approached with a long-term perspective.

Key token unlocks this week include $133.74 million in PUMP According to data from Tokenomist, the major token unlocks scheduled for this week (July 6–12) are as follows: - RED: 40.85 million tokens ($4.09 million), representing 9.80% of circulating supply, at 4:00 p.m. UTC on July 6 - APT: 11.31 million tokens ($7.08 million), representing 0.66% of circulating supply, at 2:00 p.m. UTC on July 12 - PUMP: 82.5 billion tokens ($133.74 million), representing 29.23% of circulating supply, at 2:00 p.m. UTC on July 12

The Crypto Fear & Greed Index from data provider CoinMarketCap is currently at 28, indicating that the market remains in a state of 'Fear.' The index measures sentiment on a scale where 0 represents extreme fear and 100 signifies extreme optimism. CoinMarketCap calculates its index based on factors including the price movements of the top 10 cryptocurrencies, market volatility, derivatives data such as the put-to-call ratio, the Stablecoin Supply Ratio (SSR), and its own search data.

The Spot Cumulative Volume Delta (CVD) chart analyzes 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 on top tracks the volume of trades at specific price levels. The background color becomes brighter when the price lingers in a certain range or moves significantly. Brighter areas may act as potential support or resistance levels. - The Cumulative Volume Delta (CVD) indicator at the bottom represents buy and sell orders categorized by trade size. As buy orders increase, the corresponding colored line rises. The yellow line represents orders between $100 and $1,000, while the brown line indicates large orders ranging from $1 million to $10 million.

Calls are resurfacing to ease the 'one exchange-one bank' shadow regulation governing real-name account partnerships between digital asset exchanges and banks, Edaily reported. According to industry sources, the renewed push comes ahead of the planned opening of the digital asset market to corporate participants in the second half of the year. Banks not currently partnered with won-denominated exchanges, including BNK Busan Bank, iM Bank, NH Nonghyup Bank, and Woori Bank, have reportedly been in contact with virtual asset exchange officials to explore potential tie-ups. Some are also raising the possibility of linking exchange accounts with securities firms, in addition to allowing multiple banking partners.

The key global macroeconomic events for the first week of July are as follows (all times UTC): - July 6, 4:00 p.m.: European Central Bank President Christine Lagarde to speak - July 7, 3:00 a.m.: Federal Reserve Governor Christopher Waller to speak - July 8, 6:00 p.m.: Release of FOMC meeting minutes - July 9, 12:30 p.m.: U.S. weekly initial jobless claims - July 9, 1:00 p.m.: New York Federal Reserve President John Williams to speak

Strategy founder Michael Saylor hinted at another potential Bitcoin purchase on July 5, sharing a BTC tracker on X and stating that Bitcoin is digital energy. Saylor has previously followed similar posts with additional BTC purchases.

U.S. users have traded $571 million in political bets on the prediction market platform Polymarket over the past year, despite being officially banned from accessing the site, CoinDesk reported, citing on-chain analytics firm Allium. According to Allium's analysis, the trading volume from U.S.-related wallets was the largest of any country, surpassing Hong Kong's $422 million. Although Polymarket blocks U.S. users based on their IP addresses, access is possible using a VPN and a crypto wallet. The firm also found that 46% of political bets from U.S. users focused on geopolitical issues, higher than the overall average of 36%, with bets related to a potential war with Iran being particularly prominent.

Coinbase is facing controversy after sending users a false, AI-generated World Cup match result before the game had even started. The notification claimed that Norway had defeated Brazil three to two, with Erling Haaland scoring two goals. However, the match had not yet begun at the time the alert was sent. Coinbase CEO Brian Armstrong stated that he is looking into the issue with his team.

The Ethereum Foundation has invested an additional 2,469 stETH, valued at approximately $4.34 million, in the non-profit research and development organization Argot Collective. This follows a previous grant of 7,000 ETH last year. After receiving the earlier grant, Argot sold 4,826.6 ETH at an average price of $3,194 to secure about $15.42 million in USDC. The Ethereum Foundation is scheduled to provide a final, fifth tranche of operational funding of the same amount, 2,469 stETH, in July 2027.

Ethereum co-founder Vitalik Buterin has announced plans to completely redesign the network over the next three to four years through a long-term roadmap called 'Lean Ethereum'. According to The Block, he described the initiative not as a single upgrade but as Ethereum's third major evolution, comparable to the Merge, which will see almost all core protocol elements replaced. He added that reorganizing the data storage structure could reduce transaction fees for some tokens by more than 10x, while existing applications would continue to function without modification. Buterin also noted that the priority for quantum computer resistance has significantly increased and that this year's scheduled Hegota hard fork will effectively be the last pre-Lean hard fork.

Armaan Kalsi, co-founder and CEO of Genius Trading, stated that simply moving assets on-chain is insufficient. According to Cointelegraph, he emphasized that there is no inherent value in the mere act of tokenization. For instance, Kalsi noted that turning a stock into a slightly more interesting form of a token adds no value on its own. He stressed that the success of tokenization hinges not on simple digitization but on providing practical applicability and new forms of utility.