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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: 50.74% long, 49.26% short - Binance: 49.64% long, 50.36% short - OKX: 50.34% long, 49.66% short - Bybit: 50.39% long, 49.61% short

Ripple Chief Legal Officer (CLO) Stuart Alderoty has argued in an op-ed that politicians should not ignore the growing cryptocurrency constituency. According to U.Today, Alderoty stated that 67 million U.S. adults now own cryptocurrency, equivalent to one in four people. He noted that this figure surpasses the number of dog owners, making crypto holders one of the largest voting blocs in the United States. Alderoty added that 12 million new American investors have entered the crypto market over the past year. He also pointed out that, contrary to common stereotypes, 42% of these owners are women, with increasing adoption among the middle and working classes. He emphasized the need to pass the CLARITY Act, not to endorse any specific cryptocurrency, but to establish standard consumer protections and foster innovation.

South Korean crypto exchange Bithumb announced that it will list Impossible Cloud Network (ICNT) for KRW trading at 8:00 a.m. UTC on July 7.

Bitcoin's on-chain demand has remained in negative territory for most of this year, cryptocurrency analyst Darkfost stated on X. He explained that BTC's Apparent Demand hit a low of -275,000 BTC on June 3 and has since seen a slight improvement to its current level of -75,000 BTC. However, Darkfost noted that a genuine improvement in the demand environment would only be evident once the Apparent Demand metric turns positive. The metric is calculated as the difference between newly mined BTC and the volume of coins that have been inactive for over one year, and it is used to estimate whether buying pressure can absorb new supply entering the network.

On July 6, the Solana (SOL) and Hyperliquid (HYPE) spot ETFs recorded net inflows, while the XRP spot ETF saw no change in flows. - SOL: +$8.4 million - HYPE: +$8.4 million

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,972.46 on the Binance USDT market.

Iranian Foreign Minister Araghchi stated that negotiations for a final agreement will not begin if threats continue, urging the other parties to keep their promises.

The Korea Exchange has triggered a circuit breaker after the KOSPI plummeted by more than 8%. Trading will be halted for 20 minutes. The last time a circuit breaker was activated was on June 26.

XRP is struggling to secure follow-up momentum as it attempts to build on last week's rebound and break through a key resistance level, CoinDesk reported. The media outlet explained that while buying pressure emerged after a sharp drop near $1.11, pushing the price back toward resistance, the move has not surpassed the level needed to confirm momentum. The crucial question now is whether the $1.13 to $1.14 range can be converted into a support level. While XRP spot ETFs recorded their ninth consecutive week of net inflows, adding another $17.19 million, a potential short-term trigger was removed as the Senate vote on the CLARITY Act was canceled. CoinDesk concluded that XRP is currently in a consolidation phase between the $1.11 support and $1.14 resistance levels.

South Korean crypto exchange Upbit announced that it will list OpenGradient (OPG) for trading against the South Korean won (KRW) at 6:30 a.m. UTC on July 7.

South Korea's National Police Agency is in the process of evaluating proposals to select a private custodian for seized virtual assets, a move expected to prevent future losses of such assets, Munhwa Ilbo reported. Seven companies have applied for the contract: BDACS, KODA, KDAC, Upbit Custody, Hecto Wallet One, DSRV, and AhnLab Blockchain Company. The outlet explained that while the project itself, valued at 200 million won (around $145,000), offers low profitability, the companies are motivated by the potential to enhance their credibility. Managing police-seized assets would serve as a strong endorsement of their operational and security capabilities, bolstering their reputation across the public sector.

U.S. spot Bitcoin ETFs recorded $265.70 million in net inflows on July 6, marking the second consecutive day of positive flows, according to data from Farside Investors. - BlackRock (IBIT): +$209.04 million - Fidelity (FBTC): +$9.7 million - Bitwise (BITB): +$4.8 million - Ark Invest (ARKB): +$33 million - Morgan Stanley (MSBT): +$11 million - Grayscale (GBTC): -$44.5 million - Grayscale Mini BTC: +$42.3 million

U.S. spot Ethereum ETFs recorded a net inflow of $20.7 million on July 6, marking the third consecutive day of positive flows, according to data from Farside Investors. - BlackRock's ETHA: +$23.3 million - VanEck's ETHV: -$2.6 million

According to cryptocurrency options trading platform BIT, President Trump's recent statement that the U.S. is leading in crypto has positively influenced market sentiment. The platform added that market attention is now shifting to the U.S. CLARITY Act, with a decision on the bill expected before the Senate's summer recess on Aug. 7. Furthermore, the White House's recent announcement that it is developing a detailed structure for a strategic BTC reserve and a crypto stockpile strategy has also acted as a favorable catalyst for the market.

Pump.fun (PUMP) announced that it generated $7.2 million in fees over the past week from its Bonding Curve, PumpSwap, and Terminal services. The protocol uses 50% of its net fees for automatic buybacks and burns of PUMP through a locked smart contract. As a result, $3.7 million worth of PUMP has been bought back and burned over the last seven days. To date, the total amount burned accounts for 41.80% of the token's circulating supply.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $240 million liquidated (61.83% shorts) - ETH: $130 million liquidated (69.94% shorts) - SOL: $19.67 million liquidated (50.45% shorts)

Incidents of seized crypto assets disappearing from police custody in South Korea are expected to become a thing of the past, the Munhwa Ilbo reported. This comes as the National Police Agency is in the final stages of selecting a private-sector custodian to manage these assets, with a decision expected as early as this week. Seven major crypto custody firms have submitted bids for the contract: BDACS, KODA, KDAC, Upbit Custody, Hecto Wallet One, DSRV, and AhnLab Blockchain Company. For this fourth round of bidding, the government expanded the scope of eligible companies and increased the project's budget 3.2-fold year-over-year to 267 million won (around $192,000).

Ethereum (ETH) could rise to $2,245 if it breaks through the $1,796 resistance level, crypto trader Ali Martinez said on X. He explained that $1,796 is a resistance zone according to the Market Value to Realized Value (MVRV) metric, which also aligns with the baseline of the TD Sequential trend reversal indicator. Above this, $1,816 acts as another resistance. Martinez noted that if ETH breaks above both these price points and surpasses the channel top of $1,844, a rally to $2,245—the average on-chain acquisition price for ETH holders—could occur.

Asset management firm Grayscale has assessed that Strategy's (MSTR) sale of Bitcoin could lower its financing risk while also positively impacting BTC price stability. According to Grayscale Research, the sale of approximately $216 million in BTC has increased Strategy's dollar holdings, securing enough cash to cover about 17 months of dividend payments. The research arm added that a recent rebound in the STRC stock price suggests that Strategy's investors view the decision favorably.

The hacker behind the recent exploit of DeFi protocol Summer.fi is in the process of laundering the stolen funds, Onchain Lens reported, citing data from Arkham. According to the report, the attacker is splitting 6,017,000 DAI into smaller amounts and swapping it for ETH on Uniswap (UNI). The swapped ETH is then funneled through an intermediary wallet before being deposited into Tornado Cash in increments of 10 ETH. To date, 40 ETH, valued at $71,750, has been laundered through the mixing service. The initial exploit occurred yesterday on Summer.fi's Ethereum-based yield farming platform, resulting in the theft of approximately $6 million.

According to analysis from ai_9684xtpa, a whale address that accumulated 22,567 ETH between November 2025 and July 2026 is believed to have sold 7,347 ETH at a loss. The analyst noted that the address purchased a total of $52.77 million worth of ETH at an average price of $2,338. Since April of this year, the whale has been depositing ETH to crypto prime broker FalconX in installments, totaling 8,947 ETH. The most recent transfer involved 7,347 ETH sent to FalconX about seven hours ago. Assuming this entire amount was sold, the estimated loss would be approximately $4.041 million.

According to Galaxy Research, U.S. crypto lobbying group The Digital Chamber (TDC) has filed a second amicus brief in an ongoing lawsuit in the New York State Supreme Court concerning the ownership of Satoshi Nakamoto's Bitcoin (BTC). The brief opposes the claims of an individual known as 'Noah Doe,' who is asserting ownership by arguing that Satoshi's BTC constitutes 'abandoned property.' The case is currently being heard by the court.

Crypto influencer Ansem predicted that many cryptocurrencies are likely to see a bullish rally soon, as they are currently consolidating below key resistance levels. Ansem, a long-time Solana holder, has recently gained attention following the launch of the memecoin The Black Bull (ANSEM). He stated that on-chain-based cryptocurrencies are poised for significant gains, with Solana (SOL) in particular expected to break out of its current range and reach $150 within the next few months. Ansem also mentioned that SOL would re-enter an uptrend after more than a year of sideways movement. Late last month, Ansem had also projected that SOL could potentially rise to as high as $600.

CoinMarketCap's Altcoin Season Index has dropped three points from the previous day to 49. The index is calculated by comparing the price performance of the top 100 coins by market capitalization (excluding stablecoins and wrapped tokens) against Bitcoin. The market is considered to be in an altcoin season if 75% of these top coins have outperformed Bitcoin over the past 90 days; otherwise, it is a Bitcoin season. A reading closer to 100 indicates an altcoin season.

Iran has fired at least two missiles at ships in the Strait of Hormuz, hitting two merchant vessels, Axios reported, citing a U.S. official. The ships sustained serious damage, but no casualties were reported.