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Telegram Founder Pavel Durov Questioned by French Investigators for Over Six Hours

According to Cointelegraph, Telegram founder Pavel Durov was questioned by French investigators for more than six hours due to an ongoing criminal investigation. His lawyer stated that authorities do not yet possess evidence supporting the relevant charges.

Citrini analyst jukan: It is highly irrational to extrapolate isolated channel conditions to the entire market

: Citrini analyst jukan posted on platform X, stating that some friends asked for his opinion on the Evercore channel survey. Evercore reported that several OEMs admitted they have simultaneously placed orders with both distributors and brokers for the same project due to extended lead times. Even if the three major DRAM manufacturers attempt to eliminate overbooking and duplicate orders, it cannot be completely prevented.He believes that extrapolating the situation occurring in a few isolated channels to the entire market is highly irrational. He also shared comments from Lynx on Meta's storage procurement on the same day: According to Lynx's survey, Meta is willing to purchase memory and flash storage from major suppliers at spot prices; unlike Apple, Lynx does not expect Meta to complain about high prices and anticipates that Meta has already factored in price increases in its capital expenditure plans.

Pantera Capital: Hyperliquid's Potential Market Size Reaches $10 Trillion in Daily Trading Volume, Regulation Remains the Biggest Risk

crypto venture capital fund Pantera Capital stated in a post that Hyperliquid's total addressable market is approximately $10 trillion in daily notional trading volume, including around $200 billion in 0DTE options and leveraged ETF trading, approximately $2 trillion in commodity derivatives trading, and around $8 trillion in foreign exchange derivatives trading.Pantera indicated that if Hyperliquid can consistently capture a low-single-digit percentage share of the aforementioned markets, its revenue potential could reach five times current levels. According to estimates, if the HIP-3 market achieves an annualized notional trading volume of $3.65 quadrillion and captures a 1% market share, under the assumptions of a combined fee rate of 2 basis points and Hyperliquid's economic split of 50%, the platform's revenue could reach approximately $3.7 billion.However, Pantera pointed out that regulation remains the biggest risk for Hyperliquid. Perpetual contracts are currently not fully open in the United States, and if the US promotes the legalization of related products in the future and introduces regulated platforms, Hyperliquid could face more intense competition, with some US user trading volume potentially shifting to compliant trading venues. Pantera believes Hyperliquid could also launch a regulated version targeting the US market in the future.

Kraken parent company Payward wins $22 million arbitration ruling, asks court for final judgment against Mazars USA

Kraken parent company Payward has asked the Delaware Court of Chancery to enter a final judgment against Mazars USA after an arbitrator ruled in its favor, awarding $22 million in damages. Kraken co-CEO Arjun Sethi stated that the case involves debanking, regulatory pressure, and the need for clear rules in the U.S. crypto market, and called on Congress to pass the CLARITY Act. (Bitcoin.com News).

US CFTC Chair Says Clarity Act Close to Agreement, Pushes Congress to Pass Before August Recess

美国商品期货交易委员会(CFTC)主席迈克尔·塞利格表示,加密市场结构法案 Clarity Act “已非常接近达成”,并敦促国会在 8 月休会前完成通过。

US Texas Crypto ATM Fraud Losses Reach $56.8 Million, Calls for Regulation Intensify

According to Cryptopolitan, approximately 1,200 people in Texas, USA lost a total of $56.8 million last year due to crypto ATM scams, the highest in the nation. The report noted that local crypto ATMs have long lacked state-level regulation, with scammers often impersonating law enforcement officers, courts, or utility companies to induce victims to deposit cash at the machines and convert it into cryptocurrency.

U.S. Federal Court Rejects Emergency Challenge, Tennessee's Crypto ATM Ban Takes Effect

a U.S. federal court has refused to pause Tennessee's cryptocurrency ATM ban before its effective date of July 1. Public Chapter 766 remains enforceable while the constitutional lawsuit filed by CoinFlip and Private IT Corporation is ongoing. The law classifies the intentional installation, permitting, placement, or operation of virtual currency kiosks in Tennessee as a Class A misdemeanor. Tennessee Attorney General Jonathan Skrmetti stated that cryptocurrency ATMs are tools used by scammers targeting vulnerable Tennessee residents and are rarely used for near-legitimate purposes. CoinFlip operates over 5,500 Bitcoin ATMs across 48 U.S. states and multiple countries. Private IT Corporation, a smaller operator, joined the lawsuit after the Tennessee ban threatened its local business.

美参议员 Ron Wyden 呼吁在《Clarity Act》最终版本中保留区块链监管明确性条款

According to Eleanor Terrett, U.S. Senator Ron Wyden wrote to Senate leadership requesting that any version of the Clarity Act submitted for full chamber consideration retain the provisions of the Blockchain Regulatory Certainty Act already passed by the Senate Banking Committee.

Russia's largest private bank Alfa plans to launch cryptocurrency-related services and apply for a digital depository license.

According to Bits.media, Russian private bank Alfa Bank stated that it plans to establish a digital depository institution and provide cryptocurrency-related services to customers and other legal entities. The bank also hopes to develop investment tools based on open blockchains to attract foreign investors. The progress of related business is expected to depend on the formal entry into force of the Russian cryptocurrency circulation regulatory bill.

Coinbase receives UK investment service authorization, to offer stocks and derivatives on a single platform

Coinbase stated it has obtained UK investment service authorization, allowing it to offer cryptocurrency, stock, and derivative services under the same platform and login system. The authorization was granted by the UK Financial Conduct Authority under the MiFID framework, permitting regulated companies to provide investment services and trade financial instruments, including stocks and derivatives. Coinbase said that advanced traders will be able to access perpetual futures related to cryptocurrencies, stocks, and commodities, while retail investors will be able to trade stocks. Stablecoin payments, savings, lending, cryptocurrencies, derivatives, and stocks will also be available on Coinbase, and tokenized real-world assets are on its roadmap. Coinbase also holds a UK Electronic Money Institution license and a crypto asset service provider registration. (Bitcoin.com News).

Block Will Pay $45 Million to Settle Multi-State Allegations of Misleading Cash App Security Claims

According to The Block, Block agreed to pay $45 million to settle with regulators in nearly 50 U.S. states. Regulators alleged that its Cash App exaggerated platform security safeguards, describing it as having fund protection capabilities comparable to traditional banks, but failed to effectively prevent fraud and did not provide adequate customer support and fraud reporting channels.

Analyst: Tesla and SpaceX Merger Remains Distant

Analysts at BNP Paribas expressed skepticism about the near-term possibility of a merger between Tesla and SpaceX, stating: "The significant cash burn at both companies and substantial regulatory risks complicate any potential merger between SpaceX and Tesla." Tesla investor sentiment, which has improved due to merger speculation, may be overly optimistic. The bank maintains its "underperform" rating and $280 price target. "We are concerned that Tesla will face formidable KPIs in its robotaxi and Optimus businesses over the next two years, posing downside risks to its core business before any SpaceX merger can truly materialize."

EU Plans to Expand MiCA Regulatory Scope to Cover Tokenization and Non-EU Stablecoin Issuers

the European Union is considering amendments to its Markets in Crypto-Assets Regulation (MiCA). The European Commission is soliciting feedback from relevant stakeholders, with the deadline set for September 30. According to multiple sources familiar with the matter, the Commission is evaluating whether to broaden MiCA's regulatory scope to encompass emerging areas such as tokenization and non-EU stablecoin issuers. MiCA officially came into effect in December 2024, with most service providers granted a transition period to complete compliance adjustments, which lasts until July 1 of this year. (The Block)

BTC Treasury Company Hyperscale Data Stock Price Falls to $0.14, Nearly Zero Compared to Historical Peak

According to Protos, the stock price of Bitcoin treasury company Hyperscale Data (NYSE: GPUS) closed below $0.14 on July 7, 2026, representing a drop of nearly 100% compared to its historical peak during the 2000 internet bubble (adjusted price over $2.1 billion). The company was formerly an electronics manufacturer established in 1969, Digital Power Corporation, and has since undergone six name changes, five reverse stock splits (cumulative compression ratio exceeding 200 million to 1), and multiple transformations—sequentially involving Bitcoin mining and Michael Saylor-style BTC accumulation strategies. In September 2025, the company announced the launch of a $100 million BTC purchase plan, at which time the stock price was $0.72, and has since fallen cumulatively by over 80%. The company's Executive Chairman Milton "Todd" Ault III was fined and suspended by the Financial Industry Regulatory Authority (FINRA) in 2012, and the company also reached a $700,000 settlement with the SEC in 2023.

Kazakhstan President Signs Decree to Promote Development of Digital Asset Industry

According to the official website of the Ministry of Artificial Intelligence and Digital Development of Kazakhstan, the President of Kazakhstan signed the Decree "On Measures to Stimulate and Develop the Digital Asset Industry in the Republic of Kazakhstan" on July 8, 2026, aiming to build a modern, transparent digital financial services ecosystem. The core content of the decree covers four main directions: first, promoting the modernization of payment infrastructure and developing mechanisms to support digital assets and stablecoins for cross-border settlement; second, encouraging crypto asset trading to be incorporated into a regulated legal framework, allowing digital assets previously held on unregulated platforms abroad to be voluntarily disclosed and transferred to domestic licensed service providers; third, introducing tax incentive policies, whereby income from digital asset transactions conducted through Kazakhstan's regulated infrastructure will be exempt from personal income tax; fourth, allowing associated gas from oil and gas fields to be used for independent power generation and allocated to digital mining to promote regional investment and efficient energy utilization. In addition, the decree also clarifies the development direction of tokenized financial instruments and national trading infrastructure.

ESMA Launches Joint Supervisory Action on Digital Operational Resilience for Crypto-Asset Service Providers

According to ESMA's official website, the European Securities and Markets Authority (ESMA) officially launched a Common Supervisory Action (CSA) targeting Crypto-Asset Service Providers (CASPs) on July 8, 2026, focusing primarily on digital operational resilience in the custody services sector. This action will assess the framework maturity of CASPs regarding risks related to Distributed Ledger Technology (DLT), covering core topics such as governance arrangements, key and storage management, transaction controls, event detection and response, smart contract risks, and third-party dependencies. National Competent Authorities (NCAs) will conduct risk-based sampling surveys on authorized CASPs, with the survey period spanning from the second half of 2026 to the first half of 2027, and the final report is expected to be submitted to the ESMA Supervisory Board in the second half of 2027.

Google Updates Chrome Web Store Policy: Prohibits Prediction Market Extensions

Google has updated its Chrome Web Store developer policy, explicitly listing Prediction Markets as a prohibited product. According to the new regulations, any Chrome extension that promotes or supports real-money transactions based on predicted outcomes is not allowed for publication on the Chrome Web Store. This update also strengthens requirements for transparency in user data collection and privacy protection. The new policy will officially take effect on August 1, 2026.

AscendEX 宣布停止运营,ZachXBT 表示其热钱包缺乏可处理提现的流动资产

中心化交易所 AscendEX 公告称,受 MiCA 等监管进展及市场、财务和运营因素影响,平台已于 2026 年 7 月 1 日起停止运营,用户已无法开户、充值、交易、兑换、质押、借贷或参与活动,账户仅保留有限的退出用途;截至 7 月 6 日,所有提现请求均需人工审核,自动提现已暂停,提现可能延迟、需补充信息或无法处理,平台目前无法保证处理时间或金额。 ZachXBT 对此评论称,AscendEX 公告承认提现“可能处理或可能不处理”,其公开热钱包仍没有足够流动资产处理其已核实的多笔七位数用户提现诉求。此前 ZachXBT 曾称,AscendEX 出现多起提现延迟或未处理报告,且部分用户提现仍未处理但充值功能仍开放。

ZachXBT: AscendEX Has Almost No Available Liquid Assets to Cover User Withdrawals

on-chain investigator ZachXBT has released verification information, stating that crypto exchange AscendEX has officially announced its cessation of operations, and the platform's current liquid assets are almost insufficient to cover user withdrawal demands. According to the platform announcement, the shutdown is primarily due to market conditions and the EU MiCA regulatory framework. Starting July 1st, all services including account opening, trading, and deposits will be fully suspended, with only basic functions such as account inquiry and withdrawals remaining open. After July 6th, all withdrawal channels will cease automatic processing and switch entirely to manual review. The official team has candidly warned that withdrawals may be significantly delayed or even impossible to process.ZachXBT’s investigation found that pending user claims amount to millions of dollars, yet the platform’s available liquid assets in hot wallets are severely insufficient. AscendEX is currently evaluating its financial status and a plan for handling user assets, with subsequent arrangements to be announced separately.

Japan's Siiibo Securities to Rebrand as "Metaplanet Securities" Next Week, Accelerating BTC Financial Platform Push

Odaily Odaily News Siiibo Securities, the operator of a Japanese corporate bond issuance and purchase platform, announced plans to change its name to "Kabushiki Kaisha Metaplanet Securities Inc. (Metaplanet Securities Inc.)" effective July 13, 2026, and officially join the Metaplanet Group.Siiibo Securities stated that the name change is subject to approval at an extraordinary general meeting of shareholders. The company previously operated an online private placement bond issuance and purchase platform for emerging companies and individual investors under the mission of "creating free, transparent, and fair direct finance" and holds a Type I Financial Instruments Business license in Japan.Upon joining the Metaplanet Group, Siiibo will further expand its business direction. It plans to leverage the parent company's experience in Bitcoin (BTC) asset management to develop and offer BTC-based financial products to individual investors, creating a "BTC × Finance" platform.Established in 2019, Siiibo Securities currently operates an online securities platform focused on corporate bonds, offering private placement issuance and investment services. The platform has covered approximately 40 companies and over 100 bond products. After joining the Metaplanet Group, it will no longer be limited to the Venture Debt field but will explore innovative yield-generating products designed to meet diverse investor return needs.