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Cardano (ADA) founder Charles Hoskinson has accused the Ethereum (ETH) Foundation of copying a concept that Cardano has been developing for a decade without giving credit. According to The Crypto Basic, Hoskinson described Cardano's extended UTXO model as one of the greatest innovations in smart contract design, a topic he has researched for over 10 years. He asserted that the Ethereum team is attempting to replicate the concept while making any mention of Cardano taboo, and suggested they might copy other Cardano innovations in the future. The media outlet added that the Ethereum Foundation's proposal outlines a UTXO payment system to reduce network load by processing transactions as one-time events instead of through the existing stateful method. The proposal credits Bitcoin's one-time payment model for the idea, with no mention of Cardano.

Iran's Foreign Ministry issued a statement condemning the United States for what it described as a blatant violation of a temporary agreement between the two countries.

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: 49.53% long, 50.47% short - Binance: 48.86% long, 51.14% short - OKX: 49.34% long, 50.66% short - Bybit: 48.85% long, 51.15% short

Japanese brokerage Shibo Securities, which was acquired by the Bitcoin-accumulating firm Metaplanet, has announced plans to change its name to Metaplanet Securities. The change is subject to shareholder approval at a meeting scheduled for July 13. Following the integration, the company intends to build a "BTC x Finance" platform to provide Bitcoin-based products to retail investors. This move follows Metaplanet's previously announced acquisition of a 100% stake in Shibo Securities for 2.1 billion yen ($13 million).

Australian exchange Swyftx has obtained an Australian Financial Services Licence (AFSL) from local financial authorities, signaling its entry into the cryptocurrency payments business, Cointelegraph reported. The license permits the company to offer crypto derivatives to retail investors and provide non-cash payment services, but it does not include the authority to handle spot cryptocurrencies. Swyftx also plans to expand its international presence beyond New Zealand and the United States.

On July 7, the Solana (SOL) and Hyperliquid (HYPE) spot ETFs recorded net inflows, while the XRP spot ETF saw no net change. - SOL: +$1.7 million - HYPE: +$4.3 million

The Robinhood Chain-based memecoin Cashcat (CASHCAT) has extended its rally, surpassing $0.11. According to CoinMarketCap, the token is currently trading at around $0.112, up approximately 1,600% from yesterday, with a market capitalization of about $112 million. CASHCAT began its sharp ascent on the morning of July 8, driven by its association with Robinhood and speculation about a potential future listing.

The Spot CVD chart analyzes the order book for the BTC/USDT spot pair. The top section displays a Volume Heatmap, while the bottom shows the Cumulative Volume Delta (CVD). - The top section, the Volume Heatmap, tracks trading volume 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 bottom section, the Cumulative Volume Delta (CVD) indicator, shows buy and sell orders categorized by size. An increase in buy orders causes the corresponding colored line to rise. For example, the yellow line represents orders between $100 and $1,000, while the brown line indicates large orders ranging from $1 million to $10 million.

Stocks of recently listed cryptocurrency-related companies have fallen sharply from their post-listing highs, according to 10x Research. Among these firms, Gemini (GEMI) saw the largest drop at 91%, followed by Amber (AMBR) at 89%, BitGo (BTGO) at 79%, Circle (CRCL) at 78%, Coinbase (COIN) at 63%, and Securitize (SECZ) at 41%. The data indicates that the stock prices of eight recently listed virtual asset companies have declined by an average of 73% from their post-listing peaks. The report noted that a sharp decline in stock prices after listing has become a common trend for cryptocurrency company IPOs.

A sell-side sidecar, which temporarily halts program sell orders, was triggered for the KOSPI amid a sharp decline in the index. This marks the second consecutive trading day the measure has been activated.

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.