24/7 Blockchain industry dynamics and breaking crypto news
Donald Trump reportedly earned $1.4 billion from crypto-related ventures in 2025, surpassing the annual revenues of major public companies like Coinbase and outperforming several prominent crypto miners, highlighting a shift in wealth generation within the industry.
Read MoreAlipay has opened public beta testing for its AI assistant 'A Bao' on July 2nd. All iOS and Android users can now experience it by searching within their app stores or the Alipay app. This move follows an initial invite-only testing phase that began in mid-June.
Read MoreA market veteran notes that recent volatility and pullbacks signal a cycle's final phase. While exact timing is unpredictable, three key signals can indicate a bottom: institutional stock trading below NAV, extreme fear in sentiment indices, and persistently negative funding rates. The analysis suggests necessary market cleansing is underway, with a new cycle likely beginning this fall.
Read MoreA major institutional player in Bitcoin has shifted from a relentless, one-way buyer to a strategic trader that buys and sells based on market conditions. While large-scale selling is unlikely, its dominant influence over the market is expected to diminish significantly.
Read MoreOn-chain data reveals a whale address "0xf56" purchased 9,663 ZEC for $4.02M via HyperLiquid on July 2nd, at an average price of $416, before withdrawing the assets. The same entity also holds a $5M leveraged long position in ZEC, fueling speculation about its market strategy.
Read MoreTether CEO Paolo Ardoino explains the firm's refusal to apply for the EU's MiCA license, calling the rules "dangerous" for stablecoins. He argues MiCA's requirement to hold reserves in uninsured deposits at small European banks creates systemic redemption risks, prompting Tether to protect its 400 million users by opting out.
Read MoreOn-chain data reveals a crypto whale sold 1,000 PAXG tokens at a $1.06 million loss after buying near gold's peak. The 21% loss highlights the risks of timing markets, even with asset-backed crypto tokens.
Read MoreForward Industries increased its SOL holdings by over 500,000 tokens in Q3, bringing its total to 7.55 million. Strategic market operations and leverage boosted per-share SOL value, with Russell index inclusion expected to widen institutional access.
Read MoreTrade.xyz's perpetual contract trading volume hit a record $77.8 billion in June, a 44.7% monthly increase. This surge highlights growing demand for decentralized derivatives and marks a significant milestone for the platform.
Read MoreSouth Korean listed company K Wave Media has sold all 88 BTC holdings to repay $6 million debt, exiting the bitcoin treasury strategy. The firm previously planned significant BTC accumulation but has shifted focus to AI infrastructure like data centers and GPU computing.
Read MoreDue to US Independence Day holiday, June nonfarm payrolls will be released early at 20:30 Beijing time July 2. US stock market closes July 3, with CME and ICE futures trading ending early. Investors should monitor data impact and adjust trading schedules.
Read MoreSouth Korea's KOSPI index staged a significant intraday recovery on July 2, paring losses from nearly 7% to under 3%. The rebound was led by heavyweight stocks like Samsung Electronics and SK Hynix, though investor sentiment remained fragile amid the market volatility.
Read MoreARK Invest purchased nearly $18 million worth of Circle stock on July 2 as shares fell to $61.95. The move comes amid a 41% monthly decline for CRCL, highlighting Cathie Wood's contrarian bet on the digital payments firm.
Read MorePrecious metals surged on July 2nd, with spot silver climbing 1.55% to break above the key $60 per ounce level. Spot gold also rose 0.8%, indicating renewed investor interest in the sector.
Read MoreX has launched a professional live streaming hub within Creator Studio, offering a suite of tools for creators. Backed by a $1 million incentive fund, the move aims to attract streamers and position X as a premier destination for real-time content.
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