News linked to this event type.
According to Reuters, Citibank has lowered its 12-month price targets for Bitcoin and Ethereum from $112,000 to $82,000 and from $3,175 to $2,240, respectively. Citi also lowered its 12-month ETF net inflow expectation from $10 billion to zero, noting that waning investor interest, ETF fund outflows, and slow progress in US digital asset legislation are exerting pressure on the market outlook.
According to official sources, MGBX will list METAB (Meta), LITEB (Lumentum), and MSFTB (Microsoft) for spot trading on July 1, 2026 at 18:00 (SGT). Deposit opening time is July 1, 2026 at 16:00 (SGT). Trading opening time is July 1, 2026 at 18:00 (SGT). Withdrawal opening time is July 2, 2026 at 19:00 (SGT).
Gate, a leading global crypto trading platform, has officially launched stock transfer-in and transfer-out functions, supporting cross-broker transfers for US and Hong Kong stock assets. Users can transfer their holdings from external brokers into Gate, or transfer their Gate stock account assets to other brokers. Gate does not charge any fees for transfers in or out. This service uses the FOP transfer method, with US stocks processed through the DTC system and Hong Kong stocks processed through the CCASS system. Users can experience this by updating the Gate App to version v8.26.0 or higher. Currently, this feature is being rolled out gradually, and users can follow subsequent version update information.To celebrate the launch of the stock transfer function, Gate is simultaneously running a "Stock Transfer Bonus" event. Users who register between July 1, 2026, and July 7, 2026, and submit a transfer-in application during the event period to successfully transfer US or Hong Kong stocks held by external brokers into their Gate stock account, with the total market value of the transferred assets reaching 3,000 USDT equivalent or more, will be eligible for a cash subsidy based on the valid transfer fee voucher from the original broker and a VIP upgrade benefit. The maximum subsidy for US stocks is 15,000 USDT, for Hong Kong stocks it is 6,000 USDT, and the VIP level can be upgraded up to VIP 9.Gate Stock has formed a 7×24-hour trading service system covering the three core markets of US stocks, Hong Kong stocks, and South Korean stocks, supporting over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, and over 1,000 South Korean stocks, collectively covering more than 12,500 global stocks and ETF assets. Users can use USDT from their unified Gate account to participate in global stock investments in one go, supporting fractional share trading starting from a minimum of 0.01 shares. Furthermore, Gate Stock has achieved comprehensive coverage on both the App and Web platforms, helping users achieve one-stop allocation and management of digital assets and global securities assets.
According to Maeil Business Newspaper, the Korea Financial Services Commission held its 12th regular meeting on July 1 and filed lawsuits against two cases of crypto asset market manipulation. In the first case, "whale" investors mobilized billions of Korean won to acquire approximately half of the global circulating supply of a certain crypto asset, first artificially inflating the price on overseas exchanges, then exploiting cross-exchange price linkage effects to arbitrage and profit on domestic exchanges, with losses borne by domestic investors. In the second case, suspects targeting "kimchi coins" repeatedly submitted market buy/sell orders via API channels within 1 second to create a false impression of active trading, while simultaneously placing high-price buy orders on the web interface to inflate the market, waiting for buy orders to flood in before selling off in batches to cash out. The Financial Services Commission warned investors to be wary of crypto assets with unexplained sudden spikes in price and trading volume, and stated that it will strengthen the large holder position disclosure mechanism and market warning system.
CryptoQuant CEO stated in a post that Bitcoin's capital efficiency is continuously declining—in 2011, a net inflow of only $5 million was sufficient to double the price, while this cycle requires approximately $101 billion to achieve the same effect. He believes that the next parabolic bull market cycle may require net capital inflows in the trillions of dollars, and Bitcoin must transition from retail-dominated ETF trading to a core macro asset. If Bitcoin's actual market capitalization can surpass $1 trillion, the next bull market is still likely to occur, while gold's current market capitalization has already reached $27 trillion, indicating considerable growth potential in comparison.
data shows XRP open interest has fallen from approximately $1.3 billion to below $150 million. Network and institutional-related indicators are improving, with daily active addresses rising about 72% from mid-June. On June 29, the XRP spot ETF recorded $15.34 million in inflows. (CoinDesk)
according to monitoring by Onchain Lens, a whale deposited $10.12 million USDC into HyperLiquid and opened a long position on 16,704 ZEC with 1x leverage, possibly to increase their position. Previously, this whale had made over $7.7 million in profit.
According to Simply Wall St, Circle Internet Group (NYSE:CRCL) was removed from the five major Russell Growth Indices in the latest annual reconstitution, and the change took effect during the recent rebalancing. This index adjustment may lead to passive funds reducing their holdings of CRCL and affect its trading liquidity. The current stock price is reported at $75.96, approximately 47% lower than the average analyst target price of $143.48, with a decline of 32.8% over the past 30 days.
Cathie Wood's Ark Invest again "bought the dip" by purchasing 52,455 shares of Circle ($3.28 million) as Circle stock plunged 17.6% yesterday. Additionally, Ark Invest also bought 133,803 shares of Bullish ($3.13 million), 16,081 shares of Coinbase ($2.35 million), and 16,028 shares of Robinhood ($1.6 million).
According to on-chain analysis platform Lookonchain (@lookonchain), whale 0xaeaa opened a 1100 BTC ($64.95 million) short position with 20x leverage, with a liquidation price of $67,914.56.
According to on-chain analyst Yu Jin (@EmberCN), Pump.fun transferred another 16.43 million USDT to Kraken 7 hours ago. Thus, among the stablecoins (USDC+USDT) obtained from its $PUMP public offering last July, a cumulative total of approximately $770 million has flowed into centralized exchanges. Additionally, Pump.fun recently resumed selling operations of fee revenue, having transferred 342,500 SOL (approximately $27.59 million) in fee revenue to Kraken since mid-May.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet deposited 4 million USDC into HyperLiquid to buy HYPE. It has currently accumulated 38,337 HYPE (approximately $2.45 million) and still has unfilled orders, with the position size expected to expand further.
According to on-chain analysis platform Lookonchain (@lookonchain), a newly created wallet withdrew 9,876 ETH (worth approximately $15.4 million) from Binance and immediately staked all of it.
According to monitoring by on-chain analyst PeckShield (@PeckShieldAlert), a total of 40 major hacking incidents occurred in the cryptocurrency sector in June 2026, with total losses of approximately $75.87 million, down 7.13% month-over-month from May ($81.7 million). The top three incidents with the largest losses this month were: $31 million stolen from Humanity Protocol, $10 million lost from Syscoin Bridge, and $7.5 million stolen from the JaredFromSubway.eth MEV bot.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a16z is continuously selling $HYPE tokens, having cumulatively sold off 154,242 HYPE (approximately $10.19 million) over the past two days, with the latest transaction involving a deposit of 76,840 HYPE (approximately $5 million) to multiple centralized exchanges.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a whale address dormant for 5 months deposited 2,468 ETH (approximately $3.88 million) into Binance and sold them today. The address previously acquired this batch of ETH at a cost of approximately $8.21 million, incurring a total loss of approximately $4.33 million on this sale.
According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), FG Nexus has deposited the remaining 9,481 ETH (approximately $14.89 million) into Galaxy Digital, completing the liquidation of all ETH. The institution previously purchased a total of 51,156 ETH at a cost of approximately $196 million, with final cumulative proceeds from sales totaling only approximately $109.4 million, resulting in a total loss of approximately $86.6 million.
after Open Standard announced the launch of its new stablecoin, Open USD (OUSD), Circle's stock price fell over 16% on Tuesday. The stablecoin is backed by over 140 companies, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, raising market concerns that it could pose competitive pressure on Circle's USDC.However, William Blair analysts believe the sell-off was an overreaction and reiterated an "Outperform" rating on Circle's stock, suggesting the decline may present a buying opportunity. The firm believes that Circle holds a competitive advantage in the stablecoin space due to its first-mover status, deep liquidity, and mature payment infrastructure, positioning it well even against high-profile competitors like OUSD.Circle CEO Jeremy Allaire stated that the company welcomes competition and will continue to expand the USDC ecosystem. Analysts also noted that the overall stablecoin market is still rapidly expanding, and new entrants may not necessarily only eat into USDC's market share but could also drive broader industry adoption.
the U.S. SEC stated on Tuesday that it is publicly seeking comments on the regulatory approach for "novel ETFs," evaluating whether existing fund registration and listing processes need adjustments. This review comes amid the rapid expansion of crypto ETFs and an increase in applications for prediction market-related ETFs.SEC Chairman Paul Atkins said the regulator wants to hear market opinions to ensure that the U.S. ETF market can effectively serve investors while continuing to grow and innovate. Since Atkins took over as SEC Chairman in April 2025, the SEC has approved multiple crypto ETFs beyond Bitcoin and Ethereum, including products tracking assets like SOL and DOGE.Currently, market attention is shifting towards prediction market ETFs linked to political and economic outcomes. The SEC has not yet approved such funds for listing and trading and has delayed several related applications. Atkins previously stated that the SEC will evaluate these products in a "transparent and prudent" manner.In this request for comment, the SEC is asking whether a standardized listing framework should be established for ETFs meeting specific criteria and whether certain novel ETFs need to register as investment companies. TD Cowen analysts believe that this request for comment could potentially lead to rule changes as early as 2027, allowing the SEC to permit a wider range of ETF types, including products based on event contracts, crypto assets, and single-stock strategies. (The Block)
According to Lookonchain monitoring, U.S. Bitcoin ETFs saw a net outflow of 5,151 BTC today, with a 7-day net outflow of 33,921 BTC; Ethereum ETFs recorded a net inflow of 6,778 ETH, with a 7-day net outflow of 119,815 ETH.