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FG Nexus (FGNX), an Ethereum accumulation firm (DAT), is suspected of selling its entire ETH holdings, realizing an estimated loss of $86.6 million, Onchain Lens reported. The firm is believed to have deposited a total of 51,156 ETH ($109.4 million) to exchanges. This includes a transaction five hours ago in which 9,481 ETH, worth $14.89 million, was sent to Galaxy Digital in a presumed sale.

Increases in Bitcoin holdings by U.S.-based custodial institutions tend to precede bull markets, according to a CryptoQuant post by analyst Crypto SunMoon. The analyst explained that bull markets have historically begun when the BTC holdings of U.S. institutions, such as exchanges, asset managers, and banks, rise relative to their non-U.S. counterparts. However, these U.S.-based holdings are not currently increasing. Crypto SunMoon suggested that the current range-bound market conditions could persist until a noticeable uptick in BTC accumulation by these U.S. entities occurs.

U.S. President Donald Trump earned more than $1.4 billion from his cryptocurrency businesses last year, according to Reuters. A 2025 annual disclosure filed with the U.S. Office of Government Ethics revealed that Trump's income included over $500 million from World Liberty Financial (WLFI) and more than $635 million from the memecoin Trump (TRUMP), along with profits from other crypto-related ventures. Reuters noted that the filing highlights the significant profits the Trump family has generated in the crypto sector, estimating their total earnings from such businesses to be at least $2.3 billion since the start of his presidency. Both Trump and the White House did not respond to requests for comment.

Lighter (LIT), a decentralized perpetual futures exchange, announced on X that it will formalize a policy to permanently burn all future buybacks. The project has bought back 15.5 million LIT to date, equivalent to 6.3% of the total supply, with the first burn scheduled to occur within the next few weeks. Additionally, Lighter stated that LIT staking rewards, previously funded by the token presale, will now be sourced from its ecosystem allocation, with an initial target yield of 6% annually. The exchange plans to use its revenue for ongoing buybacks, while the treasury will be flexibly allocated for staking, burns, partnerships, and its points program.

Matt Cole, CEO of the Bitcoin-acquiring company Strive (ASST), announced on X that he is requesting market feedback on whether to temporarily pause the issuance of the company's preferred stock, SATA. Cole explained that short interest in SATA has increased by approximately 1 million shares over the past 30 days, alongside a rise in stock borrowing costs. He noted that while the goal is for SATA to maintain its $100 par value, some investors believe this value is acting as a price ceiling. According to Cole, pausing or adjusting the issuance could lead to greater short-term volatility but may be positive for the long-term stability of ASST and SATA. SATA reached an all-time low of $80.50 on June 26 but closed at $91.05 on June 30. Recently, concerns have spread throughout the market regarding companies like Strive, Strategy (MSTR), and Bitmine (BMNR), which have adopted a model of using dividend-focused preferred stock to fund cryptocurrency purchases. This model is designed to issue and sell new shares to buy crypto when the stock trades above its par value, and to increase the dividend yield to maintain the par value when it trades below. However, the prevailing concern is that amid a crypto market downturn and insufficient demand, these companies could exhaust their financial resources and be forced to sell their crypto holdings to cover preferred stock dividends. While the individual companies have dismissed this "death spiral" hypothesis, they have not clearly stated their position on the potential sale of their crypto assets.

Goldman Lampe Private Bank, based in Ras Al Khaimah, UAE, announced it recently purchased $137 million worth of Bitcoin, taking advantage of the recent market correction. The bank, which previously launched the world's first crypto fixed deposit product, stated that Bitcoin has proven its resilience as a store of value and a strategic asset. A representative for Goldman Lampe added that the bank saw the correction as an opportunity to increase its holdings and intends to continue combining traditional finance with cryptocurrency technology.

Over 1,700 UK crypto investors have filed a $200 million lawsuit against Binance and its founder, Changpeng Zhao, Reuters reported. The plaintiffs allege that Binance violated the Financial Services and Markets Act by illegally selling leveraged products both before and after the UK's Financial Conduct Authority (FCA) banned their sale in 2021. In response, Binance stated that it has complied with its legal obligations and will actively defend against the suit. The outlet noted that in 2023, Binance pleaded guilty and agreed to a $4.3 billion fine after being sued by the U.S. Commodity Futures Trading Commission (CFTC) for operating an illegal derivatives exchange. The outcome of the UK court's decision could set a precedent for defining the scope of responsibility for exchanges.

U.S. Vice President JD Vance has disclosed that he holds more than $250,000 in Bitcoin, Watcher.Guru reported. Previously, U.S. President Donald Trump also revealed that he has earned over $635 million from memecoin-related royalties and holds more than $100 million in cryptocurrency.

OpenStandard has announced the launch of Open USD (OUSD), a stablecoin designed for global fund transfers. The governance consortium includes over 140 payment and crypto companies, such as Visa, Stripe, Mastercard, American Express, BlackRock, BNY, DBS, Coinbase, OKX, MetaMask, Aave, Ripple, Fireblocks, Solana, and Polygon. Open USD is designed to allow businesses to issue and redeem the stablecoin at scale without cost. The model returns all revenue from deposited assets to partners, minus a small management fee. Instead of being controlled by a single issuer, governance will be managed by a board composed of OpenStandard and its partners. OpenStandard plans to formally launch Open USD by the end of this year, with the goal of building an infrastructure tailored to payment demands.

U.S. President Donald Trump has earned $635 million from meme coin-related royalties, Solid Intel reported. He also holds over $100 million in cryptocurrencies, including Bitcoin and Ethereum.

Whale Alert reported that 290,999,998 USDC has been transferred from Coinbase Institutional to an unknown wallet. The transaction is valued at about $291 million.

The three major U.S. stock indices closed higher today. - S&P 500: +0.52% - Nasdaq: +1.52% - Dow Jones: +0.27%

Phantom has hired two co-founders and a software engineer from Ventuals, a recently shuttered platform for trading unlisted stock tokens based on Hyperliquid (HYPE). According to The Block, Phantom described the move as a talent acquisition rather than an acquisition of the company or its products.

Binance has announced a partnership with Anchorage Digital to provide inter-bank, third-party custody services for institutional crypto trading, Cointelegraph reported.

Whale Alert reported that 246,200,000 USDT has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $246 million.

Corporate adoption of stablecoins is expected to surge over the next 12 months, according to a survey from payment infrastructure firm Cybrid, as reported by Cointelegraph. The report found that 42% of companies surveyed already use stablecoins for overseas payments. Furthermore, 88% of all respondents said they are likely or very likely to use stablecoins within the next year. According to the survey, companies using stablecoins saw their global payment costs decrease by an average of 35%. For firms with monthly payment volumes over $100 million, the savings were as high as 47% on average. The survey was conducted among 468 executives and corporate leaders.

Cryptocurrency prime brokerage firm FalconX announced it has obtained a Markets in Crypto-Assets (MiCA) license from the Malta Financial Services Authority (MFSA). The license permits the company to offer crypto trading, custody, liquidity, and institutional services across the European Union and the European Economic Area (EEA). The development comes as the grace period granted by the EU for firms to comply with MiCA regulations expires on July 1.

According to statistics, the 14 largest global funding rounds in the first half of 2026 totaled $4.3 billion. The sectors attracting the most capital were prediction markets, artificial intelligence, and payments. Prediction market platform Kalshi led the way by raising $1.2 billion, followed by Polymarket, which secured $600 million. The combined $1.8 billion raised by the two platforms represents over 40% of the total investment from the top 14 deals, demonstrating strong market interest. In the AI sector, Replit raised $400 million, Exa AI secured $250 million, and OpenRouter obtained $113 million in funding.

The U.S. Securities and Exchange Commission (SEC) announced it is seeking public comment on new exchange-traded funds (ETFs) focused on cryptocurrency and on-chain innovative products, including prediction markets. The agency noted it is continuously monitoring market interest in a range of innovative products, such as crypto-related funds, investment opportunities based on blockchain technology, and new financial derivatives like event contracts. According to Bloomberg ETF analyst Eric Balchunas, the move is part of an effort to establish criteria for what can be recognized as an ETF, standardize the approval process, and limit indiscriminate approval attempts by issuers.

Memecoin issuance platform Pump.fun has announced it will discontinue support for its 'Tokenized Agent' issuance feature. However, tokens previously issued through this function will be maintained. Pump.fun stated that it plans to focus on a model that can significantly improve the trading experience for retail investors, aiming to optimize user interaction and the trading process at the token launch stage.

U.S. SEC Chairman Paul Atkins has described digital assets as the most important financial frontier of our time, The Block reported. Speaking at the Economic Club of New York, he emphasized that the SEC is taking a new approach to cryptocurrency regulation and will continue to pursue his strategy of advancement, clarification, and innovation (ACT).

Solana has evolved into a blockchain network capable of supporting large-scale applications and now hosts over 1,000 decentralized applications, according to Grayscale's Head of Research Zach Pandl. He noted that in 2026, Solana has processed an average of over 1,200 transactions per second, surpassing 100 million daily transactions. The network has approximately 4.3 million daily active users, who have contributed to around $100 million in transaction fee revenue. Grayscale highlighted that the Solana ecosystem spans various sectors, including decentralized finance (DeFi), social trading, and decentralized physical infrastructure networks (DePIN). The firm concluded that this rich application ecosystem continuously generates on-chain activity, offering SOL holders investment opportunities tied to the network's long-term growth.

U.S. cryptocurrency mining company Riot Platforms has deposited 500 BTC, worth approximately $29.48 million, into an NYDIG custody account in a suspected sell-off, according to Onchain Lens.

Iran's Islamic Revolutionary Guard Corps (IRGC) has informed mediators that it will blockade the Strait of Hormuz again if its sole control over the waterway is not guaranteed in the Doha talks, The Wall Street Journal (WSJ) reported, citing sources. The IRGC also demanded that the U.S. and other nations abandon plans to navigate ships through the southern waters of the strait near Oman.

OKX has launched OKX AI, a new beta platform for building a task and trading marketplace for artificial intelligence agents. According to Odaily, the system consists of two main modules: - The Agent Marketplace: A space where developers can register their AI agents, set services and prices, and automatically receive payment upon task completion. - The Task Marketplace: A venue where users can post task requests. AI agents then match with these tasks, submit the results, and receive payment.