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Odaily Bitcoin has been declining since October last year, with its current price hovering around half of its all-time high of $126,000, indicating the market remains in a deep bear phase. Multiple industry analysts believe the current pressure on Bitcoin stems primarily from three factors: the four-year cycle, macroeconomic inflationary pressures, and market leverage liquidations.Matt Hougan, Chief Investment Officer at Bitwise, stated that Bitcoin's long-standing "four-year cycle" continues to influence investor psychology. Historically, Bitcoin typically undergoes approximately three years of an upward cycle followed by a one-year correction period. Investors have developed cyclical expectations and began reducing some long-term holdings towards the end of 2025.Additionally, the macroeconomic environment is a significant drag on Bitcoin. Zach Pandl, Head of Research at Grayscale, pointed out that rising inflationary pressures in the US have weakened market expectations for interest rate cuts. Investors are shifting towards higher-yielding traditional assets, leading to capital outflows from risk assets, including cryptocurrencies. The short-term bottom is estimated to be around $58,000, with future trends still influenced by interest rate policies, corporate Bitcoin buying behavior, and progress in US crypto regulatory legislation.Excessive market leverage has also exacerbated this correction. As a large number of investors expanded their Bitcoin exposure through borrowing and financing during the bull market, derivatives open interest has declined as the market weakened. Digital asset treasury companies have also come under pressure. Strategy's stock price has fallen approximately 75% since October last year, and its previously promoted model of corporate Bitcoin accumulation is facing renewed market scrutiny.However, some analysts remain optimistic about Bitcoin's prospects. Adrian Fritz, Chief Investment Strategist at 21Shares, predicts that Bitcoin may bottom out this summer, rebound after interest rates shift towards easing and geopolitical conflicts ease, with a year-end price target of $100,000. (Fortune)
Odaily Planet Daily reports that financial market infrastructure giant, the Depository Trust & Clearing Corporation (DTCC), plans to demonstrate a real-time stock trading process based on blockchain technology this Wednesday. The technology is said to simplify the clearing, settlement, and record-keeping processes behind Wall Street stock trades, thereby improving the operational efficiency of capital markets. This test is seen as an important step for the traditional financial system in exploring on-chain securities infrastructure.However, the initial scale of the project remains relatively limited. After years of research and development, this demonstration by the Depository Trust & Clearing Corporation, one of the largest securities clearing institutions in the United States, is more of a validation exercise rather than a full-scale push to move the stock market onto the blockchain.Market participants believe that although tokenized securities and on-chain settlement are considered to have the potential to reduce costs and improve trading efficiency, the migration of traditional financial infrastructure to blockchain still faces challenges such as regulation, compliance, system compatibility, and coordination among market participants.This test marks Wall Street's gradual transition from the proof-of-concept stage to practical application and will serve as an important case study for observing whether institutional-grade blockchain infrastructure can achieve large-scale adoption. (The Information)
According to a report released by CryptoQuant analyst maartunn, Binance's monthly futures trading volume has climbed to $1.6 trillion, the highest level this year. Despite the current Bitcoin price still hovering in the mid-$60,000 range, generally cautious market sentiment, and multiple headwinds such as the European MiCA regulatory adjustment period and the summer trading off-season, momentum in Binance derivatives trading has not subsided, indicating that traders are still actively establishing futures positions.
According to Bitcoin.com, Cape Town Mayor Geordin Hill-Lewis launched a nighttime special operation in conjunction with the Metropolitan Police Department, seizing multiple luxury vehicles using forged or unregistered license plates, with drivers all claiming to be cryptocurrency and forex "traders". Among them was a Mercedes-AMG GLE valued at over $153,000 (approximately 2.5 million South African rand), which was fraudulently registered as a white BMW. Authorities pointed out that such "financial influencers" are accustomed to flaunting wealth with luxury cars on social media platforms like TikTok, luring victims into investing in fraudulent platforms. A report released in March had previously identified Cape Town and Johannesburg as hubs for organized crypto fraud, where criminal groups employ technologies such as deepfakes and cloned apps to commit fraud, and illicit funds are laundered through crypto wallets and physical assets. To address increasingly complex financial crimes, the mayor has established an independent Metropolitan Police Detective Unit to enforce the law independently, bypassing the under-resourced national police system.
following the recent launch of margin trading functionality, BIT (formerly Matrixport) today officially announced the上线 of its US stock short selling (short) function, marking a key闭环 in BIT's brokerage business achieving a long/short two-way trading ecosystem for US stocks. This provides investors with tools to hedge risks and profit flexibly in a volatile market, and lays sufficient foundational infrastructure for the upcoming options trading.Regarding this business upgrade, Elio Cui, Head of BIT Brokerage, stated: "With the launch of short selling, BIT Brokerage has become one of the very few trading platforms in the industry that simultaneously supports margin trading, short selling, and options布局 under a real US stock framework. Our product planning has been built from the start to benchmark against the complete investment experience of traditional brokerages. Within a single account, users can seamlessly execute long/short two-way allocation and risk hedging, navigating different market cycles with higher capital efficiency."After this feature goes live, users of BIT's integrated account (margin account) who meet the initial margin requirements can short sell designated US stocks. The platform will dynamically update key risk control indicators such as margin rates, stock borrowing costs, and short pool availability in real-time to ensure transparency and efficiency in trading.As a crucial part of enhancing its US stock brokerage services, BIT also reminds investors that short selling involves market risks and is affected by factors such as market volatility, stock borrowing costs, and interest rate fluctuations. The platform will dynamically adjust the list of stocks available for short selling based on market liquidity and risk control policies, offering investors qualified US stock short selling opportunities within a stable and secure framework.To coincide with the launch of the new service, BIT Brokerage is offering a limited-time "0 fee" promotion.
the Bank of Thailand is strengthening stablecoin regulation to combat money laundering, illegal financing, and "grey capital" in the country. The central bank is collaborating with the Securities and Exchange Commission to review high-value stablecoin transactions, focusing on USDt (USDT), cash transactions, and foreign exchange dealings to identify and prevent illicit fund flows. Thailand will also expand the compliance responsibilities of commercial banks in areas such as cash networks, foreign exchange services, gold trading, and suspicious stablecoin transactions. In 2025, Thailand suffered losses of 115 billion Thai baht (approximately $3.4 billion) due to scams, recording about 173 million fraudulent calls and text messages. Cash deposits exceeding 5 million Thai baht will also require full disclosure. Bitkub, Thailand's largest exchange, processes a daily trading volume of approximately $26 million, nearly 40% of which is foreign exchange trading, with the USDT/THB trading pair being the most popular. In 2025, Thailand's banking sector froze 3 million bank accounts as part of efforts to crack down on nominee accounts, grey capital, and suspicious activities. (Cointelegraph).
According to CoinPost, Fundstrat Co-Founder and Bitmine Chairman Tom Lee stated in a special keynote speech at WebX 2026 that Ethereum is on the eve of a "Chapter 2" breakout. He pointed out that the pressure on the crypto market this year stems from four headwinds: a Federal Reserve policy shift, uncertain prospects for the U.S. Clarity Act, AI attracting large amounts of venture capital funds (accounting for 86% of U.S. VC investment), and sluggish stock prices in the financial sector. Technically, Tom DeMark analysis shows ETH trends are highly correlated with the 1987 S&P 500 (correlation reaching 89.81%), with a rebound expected in August; if it breaks through the $1,846-$1,876 resistance level, the next target price is $2,200 (up approximately 30% from the current ~$1,700). Strategically, Bitmine, founded only 12 months ago, has completed 95% of its 5% holding target, currently holding 5.76 million ETH (accounting for 4.8% of total supply), of which approximately 85% has been staked; its staking business MAVAN has become the world's largest single staking operator, with assets under management reaching $13-14 billion. Tom Lee also warned that AI wealth accumulation may threaten human economic autonomy, and blockchain is the best line of defense against AI control.
Odaily News: NOXA posted on platform X, stating that its platform domain experienced a brief outage due to an issue with Cloudflare, with the IP address suspected to be blocked. The team is investigating the specific cause and confirmed it is developing a decentralized solution that will host the interface on IPFS via an ENS domain.
According to BLOCKMEDIA, South Korean police are investigating a case of political interference in crypto market competition. The former aide of independent lawmaker Kim Byung-ki was alleged to have pressured the Financial Supervisory Service (FSS) in February last year, forcing Upbit to terminate fee reduction campaigns for $USDC and $USDT to alleviate the financial pressure suffered by competitor Bithumb due to launching zero-fee promotions. The suspicion lies in the fact that the aide secured an informal advisory position at Bithumb several months after the interference occurred, while the lawmaker's son was also hired as an intern by the exchange. Bithumb denied knowledge of any political interference, insisting that the fee adjustment was an independent business decision.
According to The Block, Japanese financial group SBI Holdings has recently made a series of aggressive moves, completing multiple major crypto investments in succession: exclusively investing $125 million in Gauntlet's Series C, $76 million in EDX Markets' Series C, spending approximately $289 million to acquire Japanese crypto exchange Bitbank, and taking a stake in Singaporean exchange Coinhako. In addition, SBI also participated in Digital Asset's $355 million financing, Morpho's $175 million token round, and Circle's $222 million token presale, and launched Japan's first trust bank-backed yen stablecoin, JPYSC. SBI stated that the company is driving the group's overall on-chain transformation, aiming to provide end-to-end services across exchanges, asset tokenization, market platforms, and other segments, to position itself ahead of the upcoming "token economy" era. Analysts point out that SBI is building Asia's first scaled on-chain asset management business; its strategic core is not purchasing crypto exposure, but controlling the infrastructure of the next-generation financial system. On the regulatory front, the Japanese parliament is advancing legislation to include cryptocurrencies as regulated financial instruments, and plans to significantly reduce the capital gains tax on crypto assets from 55% to 20% by 2028, aligning it with stocks and bonds, providing policy support for institutional entry.
: Following a meeting with Islamic scholar Mufti Taqi Usmani, Bilal bin Saqib, Chairman of the Pakistan Virtual Assets Regulatory Authority, stated that stablecoins, tokenized RWAs, and other blockchain products should undergo separate technical and Sharia assessments and should not be treated as a single category. Previously, scholars including Usmani issued a fatwa determining that USDT and other cryptocurrencies do not constitute wealth recognized under Islamic Sharia law, rendering transactions involving the purchase of physical goods or digital services with them invalid. In March of this year, Pakistan passed the Virtual Assets Act, which requires exchanges, custodians, and token issuers to ensure their operations comply with Sharia law under the guidance of an Islamic finance scholars committee. Meanwhile, the country is advancing plans for a sovereign stablecoin, the tokenization of national assets, and the licensing of crypto trading platforms.
据 Claude 官方 X 账号（@claudeai）发布，Claude 将在所有付费计划中延长 Fable 5 的访问权限，同时 Claude Code 每周使用限制维持高出 50% 的水平，上述政策延续至 7 月 19 日。官方补充说明，用户每周使用限额的一半可用于 Fable 5，超出后可通过使用积分继续访问，或切换至其他模型继续使用。
Fox Business crypto reporter posted on X platform, stating that this week there will be a dense schedule of economic data, Fed speeches, and further clarification on the status of the Clarity Act. Key points to watch include: the latest inflation data such as CPI and PPI, which could influence market expectations for the Fed's next interest rate decision; Fed Chairman Kevin Warsh will submit the semiannual monetary policy report to Congress and may face questions from lawmakers on Fed-related topics, with Michelle Bowman, Chris Waller, Michael Barr, Lisa Cook, and several regional Fed presidents also expected to speak; the updated version of the Clarity Act will merge texts from the Senate Banking Committee and the Senate Agriculture Committee. Some industry sources indicate that key clauses are still under "active negotiation" and the ethics agreement is "not yet finalized." It remains unclear how this will impact the timing of a full Senate vote, with many hoping the vote could be scheduled as early as the week of the 20th.
multiple sources familiar with discussions on the Digital Asset Market Clarity Act indicate that U.S. lawmakers plan to release an updated version of the crypto market structure bill this week. The new text incorporates content from bills previously passed by the U.S. Senate Banking Committee and the Agriculture Committee, with consultations between the two committees on multiple provisions. (CoinDesk)
Coinbase Chief Policy Officer Faryar Shirzad responded on X on July 11 to U.S. Senator Elizabeth Warren's criticism of the CLARITY Act, stating that the bill would not weaken national security but would instead bring digital asset platforms under stronger regulation. Elizabeth Warren had previously stated on July 8 that the current draft of the CLARITY Act could provide opportunities for evading sanctions. Faryar Shirzad stated that the bill would require crypto platforms to comply with stricter national security standards and allow platforms to freeze suspicious transactions upon request from law enforcement. U.S. Senator Cynthia Lummis previously stated that the CLARITY Act includes 16 illicit finance safeguards and warned that the bill may represent the last major opportunity for the U.S. Congress to pass comprehensive digital asset rules before 2030. (Bitcoin.com News).
The Singapore Police Force's Anti-Scam Centre and Cybercrime Department, in a six-week joint anti-scam operation from April 16 to May 31, 2026, collaborated with Coinbase, Coinhako, Gemini, Independent Reserve, OKX, StraitsX, and Upbit. Using blockchain analysis tools from Chainalysis and TRM Labs, they identified potential scam victims and conducted over 145 targeted interventions via phone and in-person visits, preventing potential losses exceeding $4.2 million. Coinbase Singapore stated in a post on X on July 10 that it worked with the Singapore police to prevent over 145 individuals from losing a combined total of more than $4.2 million due to scams. The Singapore Police Force stated that it will continue to work with cryptocurrency exchanges and other private sector entities to combat cybercrime. (Bitcoin.com News).
According to official sources, Phantom stated that some user wallets encountered performance degradation issues during send and swap operations. The team is investigating and working to resolve the issue as soon as possible. Further updates will be provided once more information is available.
some Phantom wallet users are currently experiencing performance degradation when using transfer and swap functions. The team is investigating the issue and will provide timely updates on progress.
According to The Hill, the U.S. Crypto Market Structure Bill, the CLARITY Act, is facing a critical advancement milestone before the August congressional recess. Senate Majority Leader John Thune plans to push the bill to the Senate floor for consideration during the week of July 20, but it still requires support from at least seven Democratic senators.
According to Odaily, Bitcoin is set to undergo two fork events in 2026. Developer Paul Sztorc plans to launch an intentional hard fork called eCash, expected to activate around August 21 at block height 964,000. Another controversial soft fork proposal, BIP-110, has the potential to inadvertently cause a chain split during the August signaling window. A Bitcoin chain split replicates the UTXO set, giving holders 1:1 assets on both ledgers. The usability of a forked coin depends on replay protection, mining difficulty, and market conditions. Self-custodial holders, who control their private keys at the time of the snapshot, can typically sign transactions on either chain; custodial holdings, where private keys are controlled by exchanges at the time of the snapshot, mean users' eligibility for the forked coin depends on the platform's policy. (Bitcoin.com News)