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Binance has launched a new product on Binance Earn called "BTC Yield," which allows users to earn additional returns on their BTC without selling it, CoinDesk reported. The product employs a covered call strategy, selling call options against deposited BTC to generate income from option premiums. Users who deposit BTC receive BTCY, a token representing their stake. The yield is distributed in two ways: a portion of the premiums is converted to BTC and paid to users' spot accounts every Friday, while the remainder is used to increase the value of BTCY relative to BTC. However, Binance charges a 15% fee on the option premiums and does not guarantee the principal or weekly profit distributions. The outlet noted that in a bull market, returns could underperform simply holding spot BTC if the price rises significantly, as the upside is capped when the call options are exercised.

The Bitcoin spot price has remained firm despite Strategy (Nasdaq: MSTR), the largest corporate holder of BTC, announcing yesterday that it sold 3,588 BTC, worth approximately $226 million, according to an analysis by Joao Wedson, founder of crypto analytics firm Alphractal. Wedson noted that this was Strategy's first large-scale BTC sale since 2022. He explained that the amount sold represents only 0.4% of the company's total holdings, and the market appears to be interpreting the move as a liquidity management measure to meet obligations related to preferred stock. However, Wedson warned that repeated or larger sales could become a negative signal for the market. He added that the sale caused the Integrated Market Index in the derivatives market to fall sharply from bullish to bearish territory, indicating a clear contraction in investor sentiment within that sector.

Two Polymarket traders have filed a lawsuit against the platform over its decision on a prediction market regarding Strategy's (MSTR) Bitcoin sales in May, The Block reported. The two plaintiffs filed a complaint in a New York court on July 3, accusing several Polymarket executives of breach of contract and deceptive practices. They had bet "Yes" on whether Strategy would sell BTC by May 31. Although Strategy later disclosed it had sold 32 BTC between May 26 and May 31, Polymarket allegedly added a clause after the bet was placed requiring public confirmation by the deadline. Polymarket ultimately settled the market as "No," reasoning that Strategy's disclosure occurred after May 31. The plaintiffs argue that changing the conditions retroactively violates the platform's core terms and are seeking damages. Polymarket has not commented on the lawsuit.

The B20 token standard is set to be introduced on the mainnet of Base, Coinbase's Ethereum (ETH) Layer 2 network, at 6:00 p.m. UTC on July 8. The upgrade was previously scheduled for June 27 but was postponed due to network stability issues. B20 is a new native token standard that provides a framework for issuing new tokens within the Base ecosystem.

According to CoinGlass data, short positions worth $962.76 million on major centralized exchanges (CEX) are projected to be liquidated if BTC breaks through $65,110. Conversely, a drop below $62,602 would trigger the liquidation of long positions valued at $422.58 million.

South Korea's Korea Customs Service has uncovered 47 money exchange businesses involved in illegal activities, including those handling virtual assets, TV Chosun reported. The businesses were cited for violations such as failing to maintain or falsifying exchange ledgers. The agency has been conducting a focused crackdown since March, targeting 104 of the country's 1,320 money exchange businesses. The targeted businesses were selected based on their location in areas with high concentrations of foreigners and tourists or on suspicion of their involvement in illegal remittances using virtual assets. Cho Han-jin, head of the Foreign Exchange Investigation Division at the Korea Customs Service, stated that illegal virtual asset exchanges are spreading throughout Seoul, including in the Myeong-dong and Gangnam districts. He noted that methods for illegal currency swapping have diversified, now incorporating simple payment services like WeChat Pay and Alipay. Cho added that further investigations will be launched if the funds from these activities are found to be linked to tax evasion, money laundering, or capital flight.

The Bitcoin Coinbase Premium has remained in negative territory for 50 consecutive days, a streak that began on May 19. This extends the all-time record for the longest continuous negative period, surpassing the previous record of 40 days set between Jan. 16 and Feb. 24. The Coinbase Premium reflects the price difference between BTC on Coinbase, the largest crypto exchange in the U.S., and its global market price. Typically, a positive reading suggests capital inflows and demand from the U.S., whereas a negative reading is interpreted as capital outflows and waning demand.

Whale Alert reported that 3,999,999,999 DOGE has been transferred from Binance to an unknown wallet. The transaction is valued at about $300 million.

South Korea's Financial Supervisory Service (FSS) is proceeding with its sanctions process against Bithumb, aiming for a conclusion in the third quarter regarding an incorrect Bitcoin (BTC) payment incident that occurred last February. According to Dailian, an FSS official stated that because sanctions are an invasive administrative action, they require a clear legal basis and procedural legitimacy, and that a review of the relevant laws is currently underway.

A potential interest rate hike in Japan could weigh on Bitcoin's recovery prospects, CoinDesk reported. For years, Japan has played a crucial role in keeping global interest rates low through its ultra-low rate policy and large-scale quantitative easing. This environment fueled the yen carry trade, where investors borrow yen at low cost to invest in higher-yielding assets overseas, indirectly lowering capital borrowing costs in developed nations. However, a recent rise in Japanese government bond yields could now pressure the Bitcoin market. This is because as bond yields increase, the relative investment appeal of non-interest-bearing assets like Bitcoin diminishes. While weakening expectations for a U.S. Federal Reserve rate hike had recently created a positive market sentiment, a rate hike in Japan could reverse this trend. Not all experts share this concern, however. Goldman Sachs anticipates that the yen will continue to weaken despite rising bond yields, suggesting that the yen carry trade remains a viable strategy, the outlet explained.

Bybit announced it will list GROVE for spot trading at 3:00 p.m. UTC on July 7.

An anonymous whale address (starting with 0x907) deposited 1,988 ETH, worth $3.53 million, to Bybit about four hours ago, according to on-chain analyst ai_9684xtpa. The address had purchased 6,000 ETH on Jan. 20 at an average price of $3,178.78. Over the past five months, the position is estimated to be down approximately 44%. If the whale sells the recently deposited tokens, the estimated loss would be $2.785 million.

South Korean crypto exchanges Upbit, Bithumb, and Coinone have announced the designation of Bonk (BONK) for their delisting watchlists.

The Web3 ecosystem lost $1.32 billion across 344 security incidents in the first half of this year, blockchain security firm CertiK reported in its latest Hack3D analysis. CertiK explained that while the total loss represents a 46.8% decrease from the same period last year, the figure is misleading. Excluding the major Bybit incident, which resulted in a $1.45 billion loss in 2025, the total damage has actually increased, suggesting the industry's overall security environment has not substantially improved. The report identified wallet theft as the most common type of incident, with hackers focusing on targeted attacks against high-net-worth individuals and institutions. Code vulnerabilities were the most frequent hacking method, accounting for 204 incidents, as attackers often targeted older, unaudited smart contracts that have been in operation for a long time.

Tether is preparing to issue USDT on the Bitcoin network via the RGB protocol, Bitcoin Magazine reported. Software firm Utexo is partnering with Tether to lead the issuance and distribution. The Bitcoin-based USDT is expected to support instant swaps with BTC through the Lightning Network. A number of wallets and exchanges, including Tether Wallet, have already announced plans to support the new asset. The launch is anticipated as early as this July.

Binance founder Changpeng Zhao has voiced his support for a new partnership between the SIGN Foundation and Bhutan's National Digital Identity (NDI) company. The two organizations signed a Memorandum of Understanding (MOU) to design and develop a digital identity platform for the African nation of Sierra Leone. Zhao stated that the establishment of national-level blockchain infrastructure is a welcome change.

The total value locked (TVL) in the DeFi Real-World Asset (RWA) sector surged by approximately 200% year-over-year to $7.44 billion in the second quarter, Cointelegraph reported, citing data from Token Terminal. This growth occurred even as the overall TVL across the entire DeFi space declined by around 15% during the same period.

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.