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Strategy's (MSTR) new capital management plan, designed to address the sharp decline in its preferred stock (STRC) and its dividend burden, is more of a stopgap measure to buy time than a fundamental solution, according to Galaxy Digital. Alex Thorn, head of research at Galaxy Digital, noted on X that Strategy still has a large amount of preferred stock outstanding and significant ongoing dividend obligations. He pointed out that the company's financial burden is set to increase, with $6.7 billion in convertible notes maturing in 2027 and 2028. Thorn explained that Strategy's financing structure relies on the premise that it can continue to raise funds from the market. He argued that the controversial program to sell BTC could undermine the company's core investment thesis. However, Thorn suggested that Strategy needed to secure the option to sell BTC to prevent a temporary cash shortage from becoming an existential crisis. In the future, he added, the company must find ways to generate yield from its BTC holdings. Thorn concluded that amid a sluggish cryptocurrency market, Strategy's latest move will help it buy time until conditions improve. Late last month, Strategy announced the introduction of a new capital operating framework that includes adjustments to its reserve policy and STRC dividends, share buybacks, and the authorization to sell up to $1.25 billion in BTC.

Nigel Farage, leader of the hard-right Reform UK party, has been reported to a parliamentary watchdog over allegations of illegal crypto lobbying, Decrypt reported. The complaint alleges that Farage lobbied the Bank of England on cryptocurrency policy after receiving an undeclared donation of £5 million ($6.7 million) from Christopher Harborne, a major shareholder in Tether. Both Farage and Harborne have denied the allegations, stating the funds were a private donation with no conditions attached. Parliamentary authorities are now investigating a potential breach of lobbying regulations.

CME Group's average daily volume for cryptocurrency futures contracts in June reached 334,000 contracts ($10.7 billion), a 76% increase from the same period last year. Additionally, the average daily volume for the second quarter saw a 32% year-over-year increase, reaching 250,000 contracts ($13.7 billion).

The top 100 publicly traded companies worldwide hold a total of 1,264,867 BTC, which accounts for 6.02% of the cryptocurrency's total supply, according to data from BTC Treasuries. Strategy leads the list with 847,363 BTC, followed by Twenty-One Capital (43,514 BTC), Metaplanet (43,000 BTC), MARA Holdings (36,303 BTC), Bitcoin Standard Treasury Company (30,021 BTC), Bullish (24,300 BTC), Strive (19,864 BTC), SpaceX (18,712 BTC), Coinbase Global (16,492 BTC), and Riot Platforms (15,680 BTC).

An anonymous new address starting with bc1qnj has withdrawn 733 BTC, worth $45.18 million, from Binance, according to The Data Nerd. Withdrawals from exchanges are typically interpreted as a sign of intent to hold.

Attention is turning to a potential shift in liquidity as the rally in AI and memory semiconductor stocks stalls while Bitcoin rebounds, CoinDesk reported. Stocks like SanDisk (SNDK) and Micron (MU), which had been on an upswing, posted double-digit declines yesterday. In contrast, BTC recovered to the $61,000 level after dipping below $58,000. The outlet added that while it is too early to definitively call this a cyclical rotation, the retreat in semiconductor stocks and BTC's rebound could be a sign that investors are starting to reallocate their risk asset exposure back toward cryptocurrencies.

Despite a slight rebound in Bitcoin's price, the options market continues to show signs of hedging against downside risk, on-chain analytics firm Glassnode said on its official X account. Glassnode explained that the options market is still in a phase of "repricing of risk." While the Volatility Index (DVOL) is on an upward trend following the recent price decline, it is not as extreme as during past major market shocks, suggesting growing uncertainty. With put options trading at a premium to calls, it appears many investors continue to demand downside protection. The firm also noted that hedging activities by market makers could further amplify price volatility.

HypeStrat, a company that strategically accumulates HYPE (DAT), has purchased 600,000 HYPE, worth $40.6 million, over the past seven days, Hyperliquid News reported.

Tron has officially introduced a quantum-resistant signature feature on its Nile testnet, founder Justin Sun announced on X. The activated algorithm is named FN-DSA-512.

The share of BTC held by long-term holders continues to increase, but this does not signal new accumulation, according to on-chain analyst Darkfost. He noted that long-term holders currently possess about 15.6 million BTC, representing approximately 78% of the total circulating supply. Historically, these holders have significantly influenced price movements by selling large volumes at cycle peaks. The current rise in long-term holdings reflects BTC purchased around six months ago near the $90,000 price level. Darkfost suggested this increase could grow larger in August, as it will begin to include coins accumulated when Bitcoin's price fell below $60,000 in early February. This will also help confirm whether genuine buying pressure existed during that market dip. However, he cautioned against interpreting this metric as a sign of new buying from long-term holders. This is because UTXO (unspent transaction output) based indicators only classify BTC that has not moved for more than six months as a long-term holding. The main takeaway at this point, he explained, is that the volume of BTC newly qualifying as long-term holdings is outpacing the volume being sold by this cohort.

To gain a first-mover advantage in the rapidly growing tokenization market, companies should prioritize gaining practical experience in overseas markets rather than waiting for domestic legislation, according to Asian Web3 research and consulting firm Tiger Research. In a report titled "Start RWA Tokenization Abroad First," the firm noted that the Real-World Asset (RWA) market grew to between $25 billion and $36 billion in the first half of this year, proving its efficiency with features like automated interest payments and shorter settlement periods. However, the report states that financial firms face a significant hurdle due to a regulatory vacuum, as the lack of legal validity for distributed ledger records and inadequate investor protection frameworks create uncertainty. Tiger Research suggests that companies should consider entering countries with established regulations. Before expanding, firms should review key requirements such as establishing a local base, licensing, the assets to be tokenized, target investors, settlement currency, and custody and operational structures. The report highlights that the key is to accumulate practical operational capabilities by choosing a suitable path, whether it's entering regulated markets like Hong Kong, Singapore, and the U.S., or using on-chain native platforms like Ondo (ONDO) and Plume (PLUME) to accelerate market entry. "Large U.S. financial firms are currently leading the market by building their own platforms or gaining direct experience on Canton (CC), Solana (SOL), and Ethereum (ETH)," the firm emphasized. "It is crucial to quickly explore available paths rather than waiting for regulations."

Prominent trader Light (@lightcrypto) alleged in a post on X that Strategy (MSTR) may have sold 491 BTC on July 1. Light suggested that Strategy likely began selling BTC this week, warning that such sales could trigger a market-wide sell-off that would be disastrous for both MSTR shareholders and BTC holders. He added that if this selling becomes a regular occurrence, it would inevitably lead to long-term changes in the crypto market. While the community is questioning the authenticity of the rumor, most believe the sales are likely real. This sentiment is based on Strategy's introduction of a Digital Credit Capital Framework on June 30, under which its board approved the future sale of up to $1.25 billion in BTC. Strategy previously sold 32 BTC at an average price of $77,135 in early June.

Cryptocurrency skeptic Peter Schiff has described the memecoins TRUMP and MELANIA as tools for bribery rather than legitimate assets, designed to capture the attention of U.S. President Donald Trump. Speaking on a recent podcast, Schiff claimed that most investors in these tokens have lost money, BeInCrypto reported. He pointed to an event Trump hosted at the White House for large holders of the memecoin as evidence that it serves as an indirect bribe. Schiff added that only the Trump family profited from the memecoins, while the majority of investors lost their funds. Meanwhile, previous reports based on Trump's financial disclosures from last year indicated he had earned over $1 billion from the sale of tokens, including TRUMP and World Liberty Financial (WLFI).

Tobias Adrian, head of capital markets at the International Monetary Fund (IMF), has warned that while tokenization can enhance market efficiency, it could also create a system more vulnerable to shocks. In a blog post, he explained that tokenization makes financial transactions faster and more efficient but may also eliminate the safeguards of the traditional financial system, CoinDesk reported. Adrian cautioned that without these buffers, market shocks, programming errors, or automated sell orders could ripple through the financial markets before regulators have a chance to react. He added that the current global financial regulatory framework is not equipped for the real-time environment created by tokenization, assessing that the technology will likely remain confined to limited areas unless market participants have clear legal definitions regarding asset ownership, settlement finality, and applicable laws.

South Korean crypto exchange Upbit has announced it will support a token swap for Aergo (AERGO) and Alpha Quark (AQT) to House Party Protocol (HPP). The swap will proceed after the tokens are delisted on Aug. 3. The swap ratios are 1 AERGO to 1 HPP and 1 AQT to 7.43026 HPP.

ZK-based decentralized exchange GRVT announced via its official X account that it will launch its native token, GRVT, on July 21.

According to Coinglass data, if BTC falls below $60,711, long positions worth $677.43 million on major centralized exchanges (CEX) are projected to be liquidated. Conversely, a move above $62,183 would trigger the liquidation of $281.86 million in short positions.

South Korean crypto exchange Upbit has announced the delisting of Alpha Quark (AQT) and Aergo (AERGO) at 6:00 a.m. UTC on Aug. 3.

Brazil's central bank has decided to apply regulations to Virtual Asset Service Providers (VASPs) that are equivalent to those for securities and foreign exchange brokerages, Bitcoin.com reported. Effective Jan. 1, 2027, VASPs will be subject to requirements for risk management, capital, and information disclosure. The central bank stated that the move is based on the principle of applying the same rules to activities with the same risks.

The Cardano Foundation is addressing community criticism after not being included in the recently launched Open USD (OUSD) stablecoin consortium, which is led by global finance and payments giants. According to The Crypto Basic, the foundation stated that it is exploring various behind-the-scenes avenues for deep integration into the OUSD ecosystem. The OUSD consortium includes more than 140 payment and cryptocurrency firms, including BlackRock, Visa, Mastercard, MetaMask, Coinbase, OKX, Ripple, Solana, and Polygon.

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: 51.45% long, 48.55% short - Binance: 50.8% long, 49.2% short - OKX: 52.06% long, 47.94% short - Bybit: 51.59% long, 48.41% short

South Korean crypto exchange Upbit has announced it will temporarily suspend KRW deposits and withdrawals, along with account verification services via Kbank, from 2:56 p.m. to 3:00 p.m. UTC on July 11. The suspension is due to regular maintenance.

Jurrien Timmer, Director of Global Macro at Fidelity Investments, has analyzed that Bitcoin's long-term support level around $60,000 is being tested and a clear trend reversal is unlikely without an influx of global liquidity. U.Today reported on Timmer's analysis, noting that while BTC is approaching its historical trendline, it lacks bullish catalysts in the current macroeconomic environment. According to Timmer, the Power Law model identifies $60,000 as a key psychological and technical juncture, with a support line at $58,237. He pointed out that market bottoms in 2015, 2018, and 2022 formed near this level. However, Timmer cautioned that the premium from past bull markets has been exhausted, and a new wave of global liquidity is needed for BTC to break above its trendline. With slowing global money supply growth and the disappearance of the speculative premium that once drove prices toward $120,000, he believes it is difficult to call an immediate bottom, suggesting a prolonged period of sideways movement could precede any actual reversal.

Gillian Lynch, Binance's Head of Europe, has stated that the success of the region's Markets in Crypto-Assets (MiCA) regulation should be judged not by the rules themselves but by how many operators it brings into the regulatory framework. According to CoinDesk, Lynch noted that while Binance withdrew its MiCA license application in Greece last week, she expects the next application process will not take long as the exchange has already undergone a significant part of the regulatory procedure. Regarding a Wall Street Journal (WSJ) report that the European Securities and Markets Authority (ESMA) had privately recommended rejecting Binance's application over financial crime compliance issues, Lynch countered that the newspaper misrepresented how the company identified and took action on the problematic accounts. She added that the accounts in question were closed immediately upon discovery and reported to law enforcement agencies. Lynch declined to comment on speculation of political interference in the license review delay but affirmed that Binance is not leaving Europe. She described the current situation as a hurdle and stated that the company will return to the market.

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 Volume Heatmap at the top tracks trading volume at specific price levels. The background brightens when the price lingers in a range or makes a significant move, with these brighter areas potentially acting as support or resistance. - The Cumulative Volume Delta (CVD) indicator at the bottom shows buy and sell orders categorized by size. A rise in a colored line indicates an increase in buy orders for that category. For example, the yellow line represents orders from $100 to $1,000, while the brown line tracks large orders between $1 million and $10 million.