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U.S. spot Bitcoin ETFs saw net inflows of approximately $21.5 million on July 7, marking the third consecutive day of positive flows, according to data from Farside Investors. - BlackRock's IBIT: +$54.8 million - Fidelity's FBTC: -$24.9 million - Ark Invest's ARKB: -$8.4 million

U.S. spot Ethereum ETFs recorded a net inflow of $26.9 million on July 7, marking the fourth consecutive trading day of inflows, according to data from Farside Investors. - BlackRock (ETHA): +$26.9 million

Vladimir Tenev, CEO of the U.S. stock and crypto trading app Robinhood (Nasdaq: HOOD), stated that while the Robinhood Chain is being optimized for real-world assets (RWA), it also demonstrates excellent performance for running projects like memecoins. His remarks follow a surge of approximately 950% in the last 24 hours for CASHCAT, a memecoin on the Robinhood Chain. This appears to contrast with his comments on July 3, when he said the future of digital assets lies in RWA. At that time, he emphasized bringing proven real-world assets on-chain rather than creating tokens without tangible utility, such as memecoins, adding that there is no point in creating hundreds of memecoins if they are not productive assets.

A U.S. court has ruled in favor of New York State in a dispute with prediction market platform Kalshi over the regulation of sports betting. Eleanor Terrett, host of Crypto-in-America, reported via X that Judge Analisa Torres of the Southern District of New York denied Kalshi's request to prevent the state from applying its gambling laws to the platform's offerings. Judge Torres found that applying New York's gambling laws to sports betting does not conflict with the federal Commodity Exchange Act (CEA). As a result, the case will now proceed to the motion to dismiss stage. Torres previously presided over the lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC). The ruling comes amid an ongoing debate in the U.S. over whether prediction markets should be regulated by individual states or the federal Commodity Futures Trading Commission (CFTC).

Binance has announced it will temporarily suspend deposits and withdrawals for Metal (MTL) starting at 3:00 p.m. UTC on July 8 to support the network's upcoming upgrade and hard fork.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $72.64 million liquidated (58.62% longs) - ETH: $78.31 million liquidated (63.35% longs) - SOL: $18.98 million liquidated (84.4% longs)

Dunamu, the operator of South Korean crypto exchange Upbit, has ranked first in a technical evaluation to become the custodian for virtual assets seized by the country's National Police Agency, according to the Public Procurement Service's Nara Jangteo platform. Out of six applicants, Dunamu scored 94.14 points, making it the preferred bidder for the contract. Korea Digital Asset Custody (KDAC) came in second with 90.32 points. The project aims to securely store and manage cryptocurrencies like Bitcoin that are confiscated during police investigations by entrusting them to a specialized private firm. The contract has a budget of 267 million won (around $193,000) and is set for a one-year term.

Uniswap Labs has submitted a governance proposal to apply protocol fees to some Uniswap V4 pools in order to expand its Unification burn program, which is currently active on 11 blockchains. According to Cryptopolitan, Uniswap Labs will hold a Snapshot vote on the proposal for UNI holders until July 12, followed by a final, binding on-chain vote on July 13.

Cashcat (CASHCAT), a memecoin based on the Robinhood Chain, is rallying on the back of its connection to Robinhood and community expectations. The Robinhood Chain is a Layer 2 network launched earlier this month by the U.S. stock and crypto trading app Robinhood (HOOD), built on Arbitrum (ARB). The community's anticipation for CASHCAT stems from the fact that Robinhood was reportedly called Cashcat in its early stages. The token's upward momentum was further fueled after Robinhood CEO Vlad Tenev recently followed a CASHCAT-related account on X. According to CoinMarketCap, CASHCAT is trading around $0.077, up approximately 950% over the past 24 hours, with a market capitalization of about $77 million.

LAB, which traded near $15 on Binance as recently as July 5, has plummeted. The token is currently trading around $4.3 on the Binance USDT perpetual futures market, down approximately 70% over the past 24 hours. The sharp decline follows persistent allegations of price manipulation from the global cryptocurrency community since last month. The founder of crypto venture capital firm Moonrock Capital had previously called LAB a "ridiculously blatant scam," questioning why no one was taking action against it. Similarly, on-chain detective ZachXBT pointed out that LAB was engaging in market manipulation on major centralized exchanges (CEX) via a market maker and expressed disappointment that these exchanges were allowing the situation to continue.

Matthew Sigel, head of crypto research at Bitcoin ETF issuer VanEck, has analyzed that Strategy's (Nasdaq: MSTR) recent BTC sale may have been a separate action from its previously announced $1.25 billion cash-out program. Sigel noted that according to a report Strategy filed with the U.S. SEC yesterday, the remaining limit on the $1.25 billion sales program is unchanged. He explained this is because the program only covers BTC sales intended to secure cash reserves, while sales for direct dividend payments are excluded. Consequently, Sigel warned, Strategy's actual capacity to sell BTC could be greater than the $1.25 billion the market perceives.

An overnight crash of over 90% in TAC Protocol (TAC) was triggered by a large-scale on-chain sell-off from 18 wallets, according to an analysis. On-chain analyst EmberCN noted that many tokens seem to have recently entered what he described as a "harvest mode." He explained that since midnight on July 8, 18 wallets have conducted a massive on-chain sale of TAC tokens, causing the price to plummet approximately 91% from $0.05 to $0.0045. These wallets sold a total of 372 million TAC, securing 1.78 million USD1. The sold tokens were all bridged from the TAC main chain to the BNB chain before being cashed out. EmberCN added that this pattern is similar to the cash-out methods used for Siren (SIREN) a month ago and AKE yesterday. He suggested it is highly likely that the same entity manipulated the prices of all these tokens.

Kenyan financial authorities are moving to introduce a blockchain analysis tool to monitor illicit activities involving cryptocurrencies, Decrypt reported. Kenya's Capital Markets Authority (CMA) is seeking to implement a platform that can track at least 20 blockchains, including Bitcoin (BTC) and Ethereum (ETH), to detect fraud, money laundering, terror financing, and sanctions evasion. The platform will also automatically detect high-risk wallets, large fund movements, coin mixers, darknet-linked addresses, and sanctioned entities. It plans to identify risky transactions by cross-referencing them with sanctions lists from the United Nations (UN) and the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC).

According to CoinNess market monitoring, BTC has fallen below $63,000. BTC is trading at $62,994.89 on the Binance USDT market.

The Financial Market Committee of Russia's State Duma has approved the final draft of a bill to establish state control over cryptocurrencies, which will now proceed to a second plenary reading, Bits.media reported. Key provisions of the bill include recognizing cryptocurrency as legal property, allowing companies engaged in foreign economic activities to use it for payments, and penalizing unlicensed crypto services. Additionally, the bill would cap annual investments for individuals at 300,000 rubles (about $4,000), limited to BTC, ETH, USDT, and USDC, and set the withdrawal limit from non-custodial wallets at 100,000 rubles (about $1,300). The bill is slated for a final vote in a third reading, after which it will be reviewed by the Federation Council, the upper house of parliament, before being sent to the president for signature. The target implementation date was postponed from July 1 to Sept. 1.

Sophia Dew has announced she is stepping down from her full-time role in Developer Relations (DevRel) at the Ethereum Foundation (EF). In a post on X, Dew stated that she has been active in the ecosystem since her first Ethereum (ETH) hackathon four years ago. She clarified that while she will no longer be working full-time at the foundation, she will remain a member of the Ethereum community. Dew added that she remains very optimistic about the future of Ethereum.

CoinMarketCap's Altcoin Season Index has fallen one point from yesterday to 48. The index is calculated by comparing the price performance of the top 100 cryptocurrencies by market capitalization, excluding stablecoins and wrapped coins, against Bitcoin. An 'altcoin season' is declared when 75% of these top 100 coins outperform Bitcoin over the preceding 90 days. Otherwise, it is considered a 'Bitcoin season.' A reading closer to 100 indicates conditions are more favorable for an altcoin season.

Stablecoins USDT and USDC are increasingly specializing in payments and decentralized finance (DeFi), respectively, rather than competing directly, Cointelegraph reported, citing an analysis by Dune. According to the report, USDT processed approximately $95 billion in commercial payments in the first half of 2026, far exceeding USDC's $14 billion. It also accounted for about 92% of the total $480 billion in business-to-business payments. On Tron (TRX), USDT's largest network, around 93% of its supply is held in non-exchange wallets, indicating its use for remittances and payments. In contrast, USDC has shown strength in the DeFi sector. As of June, its transfer volume on Base reached $2.6 trillion, the highest of any token on the chain, while its volume on Ethereum was $1.6 trillion. Together, USDT and USDC represent about 83% of the approximately $315 billion stablecoin market.

Ethereum Institutional, an independent non-profit organization dedicated to the institutional adoption of Ethereum, announced on its official X account that it is now hiring for key positions. The organization is seeking personnel for roles in institutional strategy, marketing, and technical support. Launched on July 1, Ethereum Institutional aims to serve as a gateway for institutions such as banks, asset managers, and custodians to understand and engage with the Ethereum ecosystem. The initiative is backed by Bitmine (BMNR), Sharplink (SBET), and Ethereum co-founder Joseph Lubin. The organization stated it plans to fill these key roles over the next few weeks.

Prominent Ethereum bull James Fickel deposited 20,000 ETH ($36.09 million) to Coinbase Prime about six hours ago, according to Onchain Lens.

The Solana-based memecoin creation platform Pump.fun (PUMP) deposited 122,500 SOL, worth $10.08 million, to Kraken six hours ago, on-chain analyst EmberCN reported. The move marks the platform's resumption of cashing out its fee revenue after a pause of about one month. Exchange deposits are typically interpreted as a precursor to selling. According to EmberCN, Pump.fun is estimated to have sold 4.73 million SOL ($805 million) from its fee revenue since the start of 2024, at an average price of $170.

South Korea's Digital Asset Exchange Alliance (DAXA) issued a warning on July 8 about phishing sites impersonating domestic won-based cryptocurrency exchanges. The alliance stated that these fraudulent sites are being promoted through advertisements on social media platforms like Facebook. According to the warning, the sites trick users into installing a program. DAXA clarified that domestic won-based exchanges do not offer separate PC-installable trading software, meaning any such installation request is likely a scam.

KOR Protocol, an on-chain platform for brokering creative assets, has raised approximately $7.5 million in a Series A funding round. According to The Block, the round was joined by investors including 1kx and Blockchain Capital, valuing the company at $100 million. Built on Base, Coinbase's Ethereum (ETH) Layer 2 network, KOR Protocol aims to provide infrastructure for registering, verifying, distributing, and settling creative works such as music and films on-chain. The new capital will be used to enhance the platform and expand its ecosystem. The company also plans to launch its own token in the future.

Zcash (ZEC) has surged approximately 12% after developers announced proof that the network's privacy system is free of undetectable counterfeiting bugs, according to The Block. The rally has helped the token recover most of the losses it incurred last month, when it plummeted over 40% in two days following a flaw in its Orchard pool. Project Tachyon, one of Zcash's development organizations, explained that advances in AI-based proof technology made it possible to complete the verification process in weeks, a task that would have previously taken years.

KOSDAQ-listed company Parataxis Ethereum announced it has purchased an additional 1,050 ETH, bringing its total holdings to 10,449 ETH. With this acquisition, the company maintains its rank as the largest corporate holder in Asia and the 13th largest globally. Parataxis Ethereum stated its strategy is to reinvest network rewards from holding and operating Ethereum, along with the resulting increase in corporate value, into its core business's research and development and to enhance shareholder value. This aims to create a virtuous cycle between its main business and its Digital Asset Treasury (DAT) strategy.