Stablecoins
Analysis
Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff
Wallets holding 1,000 BTC to 10,000 BTC shed roughly 14,000 BTC since June 30, while short-term holders added about 382,000 BTC in the same window.
Investments
Bit Digital converts entire 280 BTC reserve to $172M worth of Ethereum
Management deployed the net cash to acquire additional ETH, lifting the balance sheet from 24,434 ETH on March 31 to roughly 100,603 ETH today.
Legal
US Court vacates Tornado Cash sanctions ruling, orders Florida case dismissal
Yet, the appeal’s dismissal do not affect the criminal proceedings against Tornado Cash co-founders Roman Storm and Roman Semenov.
Hacks
Hackers steal $140M from Brazilian central bank reserve accounts via partner breach
According to sources who prefer to remain anonymous, the hackers are having issues to buy crypto via Brazilian OTC desks.
Politics
Investor poll shows 73% approval for Trump’s crypto policy, bullish views on prices increase
Bullish views on returns also accelerated, with 60% now expecting prices to rise over the next month, up 6% from March.
Stablecoins
Russian defense conglomerate Rostec to launch ruble-pegged stablecoin on TRON
The token RUBx will have a one-to-one exchange rate with the ruble, and will use the Tron infrastructure.
Investments
Amber International shares fall 6.7% following addition of Sui, XRP, BNB to $100 million reserve
The shares fell over 15% within 30 minutes after the July 3 opening and one hour after the announcement, although no direct link apparent.
RWA
XRP Ledger logs 34% in RWA monthly growth, eyes bigger boost from Mercado Bitcoin partnership
XRP Ledger is the 10th-largest blockchain by total tokenized RWA value, but it displays the third-smallest number of projects, with six initiatives.
DeFi
Post-maintenance mishap on Solana’s Backpack triggers incorrect futures orders, balance reports
CEO Armani Ferrante acknowledged the issues and vowed to reimburse affected users.
Analysis
21Shares says June payroll surprise sets soft-landing stage that could catalyze Bitcoin beyond $200k
Matt Mena mentioned that steady but non-inflationary job growth paves the way for Fed easing, lower policy rates, and the release of liquidity.
Legislation
Senator Lummis presents bill to insert crypto tax definitions to shield micro-payments, validation rewards
The proposal would create clear rules for tax reporting, and prevent gains from staking and lending from being taxed.
Legal
FTX Recovery Trust freezes payouts to 49 countries pending legal clearance, China faces biggest hit
A new filing mandates a hold-and-review framework. Once the court authorizes the procedure, the trust will send a “Restricted Jurisdiction Notice” to every creditor.
