1. Popular CEX Cryptocurrencies
Top 10 CEX Trading Volume and 24 Hour Price Change:
- BTC: -1.22%
- ETH: -1.97%
- SOL: -3.28%
- XRP: -3.38%
- BNB: -1.72%
- ZEC: +5.00%
- DOGE: -3.84%
- TRX: +0.33%
- ADA: -5.71%
- GRAM: -9.12%
24 Hour Price Increase Rankings (data source is OKX):
- EDGE: +28.20%
- AGLD: +22.47%
- LDO: +11.08%
- NES: +10.89%
- CHIP: +10.55%
- SAFE: +10.41%
- HUMA: +5.94%
- ZBCN: +5.17%
- APE: +5.02%
- KMNO: +4.95%
24 Hour Crypto Stock Price Increase Rankings (data source is msx.com):
- SOXS: +19.54%
- MSTZ: +11.46%
- BWET: +8.25%
- ZSL: +8%
- NET: +7.86%
- TSLQ: +7.54%
- CONI: +7.08%
- SQQQ: +6.61%
- OXY: +6.31%
- FIG: +5.79%
2. Top 5 On-Chain Meme Coins (data source is GMGN):
- CZBULL
- Andy
- CaptainBNB
- palu
- My Sword and Shield
Headlines
The US launched a new round of airstrikes against Iran and revoked a waiver that allowed Iran to sell oil globally. The US Central Command stated that this strike aimed to impose costs on actions targeting civilian-laden merchant vessels in international waters, asserting that Iran's related actions had no legitimate justification, were dangerous, and clearly violated the ceasefire agreement. The US Treasury's Office of Foreign Assets Control reported on July 7 that the US revoked a general license allowing for Iranian oil sales, with transactions related to this waiver able to continue until midnight on July 17, Eastern Time.
US Securities and Exchange Commission (SEC) Chairman Paul Atkins released a statement about the 2026 regulatory agenda, noting the continuation of a series of regulatory reforms, including adapting the regulatory framework to current market conditions, actively embracing innovation and new technology, implementing the goal set by US President Trump to make the US the global crypto capital, promoting more crypto-related products in the US market, establishing clear financing rules for crypto assets, and clarifying the rules for market participants regarding on-chain custody and facilitating on-chain tokenized securities trading.
In terms of capital market reform, the US SEC will promote the "Make IPOs Great Again" initiative by reforming the disclosure system, reducing the compliance costs for companies going public, and encouraging more companies to enter the public market while maintaining essential investor protection measures.
Industry News
Apple begins testing ChangXin Memory DRAM for devices sold in China
Citrini analyst jukan cited a report from Fortune magazine stating that Apple has begun testing CXMT's DRAM for Apple devices sold in China.
Kraken's parent company wins $22 million arbitration against audit firm Mazars
Payward, the parent company of Kraken, won an arbitration against its former auditing firm Mazars USA, with the arbitrator ruling that Mazars must pay $22 million to Payward. Payward is currently seeking confirmation of the arbitration award and a final judgment from the Delaware Chancery Court.
The dispute stemmed from the peak of 2022’s "Operation Choke Point 2.0". Payward claimed that Mazars suddenly withdrew while conducting an almost completed audit of Kraken and did not find any issues with the company, but this action caused reputational harm to Kraken and forced it to spend years and a significant amount on legal fees to clarify its position.
Tiger Brokers upgrades Coinbase rating to Buy, target price $200
Tiger Brokers upgraded Coinbase's rating from Hold to Buy, assigning it a target price of $200. The firm indicated that after a significant pullback, the risk-reward ratio has improved for Bitcoin, suggesting that the toughest phase of the bear market may be over, with a new crypto market cycle expected to begin driven by liquidity recovery, increased institutional demand, and improved risk appetite.
Project News
Data: Total market value of stablecoins on Robinhood Chain surpasses $200 million
Tom Wan, head of data at Entropy Advisors and former analyst at 21.co, stated that the total market value of stablecoins on Robinhood Chain has surpassed $200 million. He noted that the key driver of this growth is Ethena. Data shows that Ethena currently holds $50 million of USDG on Robinhood Chain, along with another $50 million USDG in the Ethena × Steakhouse USDG vault, with a total managed size approaching $100 million, accounting for about 50% of the total supply of USDG on Robinhood Chain.
predict.fun officially launches institutional-level large transaction functionality
BNB ecosystem prediction market platform predict.fun announced the launch of institutional-level large transaction functionality, providing off-chain matching and on-chain settlement services for large transactions on the platform, supporting institutional users in making large prediction market trades. Through exclusive matching services, buyers and sellers can directly match counterparties to fulfill large orders via single peer-to-peer (P2P) transactions, avoiding issues such as slippage, lack of liquidity, and position exposure common in traditional order book trading. It is reported that predict.fun will waive all OTC-related fees for the next two weeks.
Pump.fun sells a total of 4.73 million SOL, generating fee revenue worth $805 million
According to on-chain analyst Yu Jin's monitoring, nearly a month later, Pump.fun continues to liquidate its fee revenue, transferring 122,500 SOL to Kraken six hours ago, valued at $10.08 million. From the beginning of 2024 to now, Pump is reported to have cumulatively sold 4.73 million SOL in fee revenue, valued at $805 million, averaging around $170.
SpaceX closes down more than 6.8%, hitting a new low since going public
According to MSX.COM data, SpaceX closed down more than 6.8% on Monday at $149.47, marking the lowest closing price since going public.
Suspected Bitmine new wallet receives 40,000 ETH from Kraken and FalconX, valued at $71.62 million
According to Onchain Lens monitoring, two newly created wallets suspected to belong to Bitmine (0x9F9...b15, 0x17A...B5B) received 40,000 ETH from Kraken and FalconX, valued at $71.62 million.
Anthropic reportedly plans to expand in Manhattan, New York City staff size to double to 1,000
Anthropic is reportedly planning to expand in Manhattan, with its New York City staff size expected to double to 1,000; plans to lease a 16-story building in Hudson Square. The company will begin relocating to New York City in the summer of 2026.
The native token of Zcash, ZEC, rose over 12% on Tuesday after the team responsible for its privacy pool development stated that they are close to completing a mathematical proof to confirm the absence of undetectable inflation vulnerabilities in the latest Zcash shielded pool. This verification work is being pushed forward by Project Tachyon, targeting the upcoming Ironwood shielded pool of Zcash. Zcash founder Zooko Wilcox stated that the project is on the verge of producing the mathematical proof, aiming to prove that the latest Zcash privacy pool does not have undetectable inflation vulnerabilities.
This progress follows last month's disclosure of severe forgery vulnerabilities in the Zcash Orchard shielded pool, which raised market concerns about the potential for undetectable inflation risks in Zcash's privacy system, causing ZEC to drop over 40% within two days. Developers mentioned that with AI-assisted formal verification, proofs that previously took years to complete have now been compressed to weeks. This news propelled ZEC back above $500, marking its highest level since early June.
Ondo Perps public beta launched with a trading volume of $100 million in 24 hours
Ondo Perps reached a trading volume of $100 million in its first 24 hours of public beta, with thousands of traders participating since the launch. Ondo Perps, built on Ondo Finance technology, allows users to use tokenized stocks and ETF holdings directly as collateral for perpetual contracts, providing non-US investors with leverage up to 20 times, covering popular underlying assets like Tesla (TSLA), Nvidia (NVDA), Apple (AAPL), as well as commodities like gold and silver.
Funding and Investment
KOR Protocol completes $7.5 million Series A financing, 1kx and others participate
KOR Protocol announced the completion of $7.5 million in Series A financing, with participation from 1kx, Blockchain Capital, and others, and a valuation of $100 million. This round of financing will be used for platform development, ecosystem growth, and partner integration, with plans to launch a token.
KOR Protocol is an on-chain creative asset liquidation platform based on Coinbase Layer 2 that provides verification, routing, and settlement infrastructure for creative works such as music and film. By registering assets on-chain, it helps creators match with suitable brands, platforms, and distributors, and enables programmable revenue sharing payments through stablecoins like USDC.
Regulatory Trends
CFTC charges North Carolina man with $14 million crypto and futures fraud
The US CFTC has sued Trevor Vernon of North Carolina and his company Argent Capital Management LLC, accusing them of defrauding around 60 investors out of a total of $14 million through a fraudulent commodity pool.
According to the complaint filed by the CFTC in the Federal District Court for the Western District of North Carolina on Tuesday, Vernon and his company's commodity pool involved trading a variety of assets, including index futures options, index futures contracts, and crypto assets.
The CFTC stated that Vernon misled investors by claiming through quarterly financial updates and monthly performance review emails that he was a “successful trader,” while in reality, he incurred significant losses while trading with investors' funds.
Voices of the People
Bloomberg ETF analyst Eric Balchunas released a report today after months of consideration, stating that the US stock market may have become too large and important, effectively becoming the United States' retirement fund and potentially a source of relief for Social Security, which is expected to deplete its funds in less than ten years. Currently, 55% of Americans own stocks, the highest rate in the world; with Trump Accounts bringing an additional 28 million Americans into the stock ownership fold, the vast majority, including the top 1% who hold half of the US stock market, the middle class, and low-income groups, will all have financial stakes tied to the health of the stock market, and they are all voters, which will generate strong political pressure to prevent the stock market from falling into a prolonged bear market.
Eric Balchunas believes that the Fed is likely to buy stock ETFs in the next major downturn to support the market, and that this will become a common practice in the future - China and Japan have already done so, and the Fed might even buy to lock in certain industries or companies with capital expenditures. He noted that this is a huge variable, but experts have a blind spot regarding this, which is also why shorts are repeatedly suppressed; investors are aware of this, as evidenced by the continued inflow of ETF funds during market pullbacks and a survey of 1,000 people showing that three-quarters believe the Fed will rescue the market in the next crisis. He stated that this is just one of the byproducts of the ongoing expansion of monetary supply and debt in the world, particularly in the US, and it currently seems irreversible.
The AI infrastructure investment boom is cooling, and the market is beginning to reassess the sustainability of spending on chips and data centers. As investors reexamine whether investment in AI infrastructure can continue, signs are emerging that the "AI trade" covering the semiconductor, memory chip, and data center supply chain is experiencing a slowdown.
Recently, AI-related chip stocks such as Micron Technology (MU) and SanDisk (SNDK) have come under pressure. Previously, Samsung Electronics reported record second-quarter results, but revenue fell short of market expectations, and its stock price dropped nearly 7%, dragging the entire AI chip sector down.
The market is concerned that as cloud computing giants (Hyperscalers) may slow down AI infrastructure investment, the current AI boom cycle driven by GPUs, high-bandwidth memory (HBM), and data center construction may face a repricing. At the same time, Korean memory chip giant SK Hynix's stock price has dropped about 25% from historical highs before its IPO in the US, which is also attracting some funds to shift away from existing chip stocks.
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