Compiled by: Nona
Fear and Greed Index: 58 (Greed)
Bitcoin Price: $111,072
BTC/ETH Spot ETF Fund Flow (7.9)
BTC Net Inflow: $218.04 M
ETH Net Inflow: $211.32 M
Regulation / Macroeconomics
The UK will require users to submit real-name information for digital assets, or face fines.
The UK’s HM Revenue and Customs (HMRC) will require users to provide certain information related to their digital asset activities to service providers starting January 1, 2026, or face fines of up to £300 (approximately $408). Users must provide their full name, date of birth, address, country of residence, and tax number. This requirement applies to users' transactions with all cryptocurrency service providers, including exchanges, wallet applications, NFTs, and marketplace services.
Trump issues tariff letters to 8 countries; Brazil faces a 50% tariff.
Trump has successively published letters regarding tariff increases to the leaders of 8 countries on Truth Social, including Brazil, the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, and Sri Lanka. Among them, Trump stated that a 50% tariff will be imposed on Brazil, while Libya, Iraq, Algeria, and Sri Lanka will be charged a 30% tariff, and the tax rates for Brunei and Moldova are 25%, while the Philippines will have a 20% rate. The new tax rates will take effect from August 1. Currently, Trump has sent tariff letters to 22 countries.
U.S. SEC Commissioner Hester Peirce: Tokenized securities still fall under the category of securities.
Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), issued a statement on tokenization of securities, emphasizing that while blockchain technology brings new models for security issuance and trading, tokenized securities still fall under the category of securities and must comply with federal securities laws. Peirce pointed out that the tokenization of securities may be conducted directly by issuers (such as companies tokenizing their shares) or by third-party custodians through the tokenization of their held securities or 'security interests.' The latter may expose investors to unique counterparty risks. She reminded market participants to assess the legal nature of tokens based on specific circumstances. Additionally, the SEC advised issuers of tokenized securities to fulfill information disclosure obligations and to refer to the recent related guidelines from the SEC’s Division of Corporation Finance. For cases where existing rules need to be adjusted for technical characteristics, the SEC expressed willingness to collaborate with the industry to develop exemption clauses and promote rule modernization.
Project / Company Dynamics
Informed sources: Ant International plans to integrate USDC into its blockchain platform after meeting U.S. regulatory requirements.
Ant International is collaborating with Circle, planning to integrate USDC into its blockchain platform after meeting U.S. regulatory requirements. Informed sources added that a specific timeline has yet to be determined. Circle and Ant Group declined to comment.
An address marked as the national investment agency DHI of the Kingdom of Bhutan deposited 212.3 bitcoins into Binance 2 hours ago.
An address marked as the national investment agency Druk Holding & Investments (DHI) of the Kingdom of Bhutan deposited 212.3 bitcoins into Binance 2 hours ago, valued at approximately $23.6 million. This address recently sold 349.3 bitcoins over the past 10 days, valued at about $38.35 million, and currently holds 11,711 bitcoins, worth about $1.3 billion.
YZi Labs will support investment firm 10X Capital in establishing the 'BNB Treasury Company' for a U.S. listing.
YZi Labs will support investment firm 10X Capital in establishing an asset management company focused on BNB, planning to list on major exchanges in the U.S. The company is named 'The BNB Treasury Company,' with former Galaxy Digital co-founder David Namdar serving as CEO. The statement indicates that the company expects to announce the completion of related financing 'in the coming weeks.'
pump.fun announced the PUMP token economics, with a public sale scheduled for July 12.
pump.fun announced the PUMP token economics, with a maximum supply of 1 trillion tokens, of which 33% will be sold through an Initial Coin Offering (ICO), 24% reserved for community and ecosystem programs, 20% allocated to the project team, 2.4% for the ecological fund, 2% for the foundation, 13% for existing investors, 3% for live broadcast-related incentives, and 2.6% for liquidity and trading platforms. Additionally, it announced that the public sale of the native token PUMP will officially start on July 12. This sale will offer 150 billion tokens at a unit price of $0.004 USDT, accounting for 15% of the total supply (1 trillion tokens).
GMX: The GLP liquidity pool of GMX V1 on Arbitrum suffered a vulnerability attack, resulting in losses of approximately $40 million.
GMX stated on its TG channel that the GLP pool of GMX V1 on the Arbitrum platform suffered a vulnerability attack, with approximately $40 million worth of tokens transferred from the GLP pool to an unknown wallet. Security partners are involved in investigating this attack. Currently, trading of GMX V1 and the minting and redemption of GLP have been disabled on the Arbitrum and Avalanche platforms to prevent any further attacks, but this vulnerability does not affect GMX V2 or the GMX token itself. Additionally, GMX tweeted that all V1 forks have the GLP pool vulnerability and recommended relevant protocols disable leverage and GLP minting.
In-depth & Outlook
Three major new trends and project analysis in the Crypto + AI track.
DeFi indeed needs smarter trading tools. However, high-frequency trading demands extremely high standards for latency and accuracy, and the real-time synergy of AI predictions and on-chain execution still needs validation. Additionally, MEV attacks pose a significant risk, and technical safeguards must keep pace.
ETH reserve companies become the new favorite in U.S. stocks, reviewing the businesses and backers of four star enterprises.
As 'Bitcoin reserves' become a new trend among U.S. publicly listed companies, Ethereum reserves have become the new favorite in the U.S. stock market. For example, last week, SharpLink announced it had purchased 7,689 ETH, making it the publicly listed company with the most ETH reserves; its stock price (SBET) also rose nearly 30% yesterday.
Opinion
In-depth discussion on OKX and Circle's cooperation: Why did the two parties reach a collaboration? What impact will it have on the market?
OKX has become Circle's first non-U.S. compliant exchange partner, bringing significant compliance strength and support from U.S. local forces to its listing path, enhancing its stablecoin payment business. For Circle, OKX is a great channel outside of the U.S., and the collaboration with OKX can alleviate Coinbase's restrictions while expanding new users and liquidity.
Dialogue with FTX Chinese creditors: Hundreds of millions in claims may be confiscated, how to save themselves?
FTX's major creditor in China, Will, detailed his personal experiences during the FTX incident, the process of asset loss, and the potential impact of FTX's motion for 'restricted jurisdiction' on Chinese creditors. The interview also covered Will's review of asset allocation decisions before and after FTX's collapse, legal strategies for rights protection actions, and the institutional unfairness behind the motion.
