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According to a report by 10x Research, Bitcoin mining stocks have largely decoupled from Bitcoin price trends and have experienced a pullback of about 20%.The report states that Bitcoin mining companies are currently deeply tied to the AI theme, which is more focused on global supply chains and competition rather than crypto adoption or financial digitization. Additionally, the performance of Chinese LLM concept stocks and the outlook for the South Korean semiconductor supply chain are directly impacting the trends of Bitcoin mining stocks.Data from the image shows that the stock price trend of RIOT has become more synchronized with the Semi SOX ETF since April 2026, with both recently retreating from their highs, indicating that the performance of Bitcoin mining stocks is being influenced by the sentiment in the semiconductor and AI computing power chain.

A federal judge in Connecticut has reinstated the common law fraud claims by investors in the Genesis Yield lawsuit against Digital Currency Group founder Barry Silbert, DCG, and other defendants, while allowing the federal securities law-related claims in the case to proceed. This ruling revises an earlier decision made by the court in February of this year.The plaintiffs previously argued that the court had the authority to hear their state law claims under the Class Action Fairness Act. Judge Stefan Underhill accepted this view and reconsidered the relevant state law claims. The case revolves around the failed Genesis Yield lending program, which allowed users to deposit cryptocurrency assets and earn interest. Investors allege that Silbert, DCG, and other defendants misled customers about the company's financial health and risk management, despite knowing there were issues, before Genesis suspended withdrawals and filed for bankruptcy in early 2023.However, not all state law claims were reinstated. The court dismissed four state consumer protection-related claims and paused three other related claims. Overall, this ruling has brought the fraud liability dispute against DCG and Silbert back into focus in the case.

According to Jinshi, Jeff, a senior macro strategist at BNY Mellon, pointed out that the softening of U.S. labor data and the improvement in inflation data have reduced the urgency for the Federal Reserve to tighten further. However, he emphasized that this does not address the question of whether the slowdown in growth is within a controllable range or whether policy expectations have been overly adjusted.He stated that the global narrative is becoming less unified, especially in the economic discussions between the U.S. and Europe.

According to Onchain Lens monitoring, the "1011 Insider Whale" agent Garret Jin increased his 2x ZEC short position to 32,759.57 ZEC, worth $14.9 million, and still holds a 5x BTC long position, with an unrealized loss exceeding $16.38 million.

Last weekend's unexpected cold non-farm data reversed the consecutive decline of gold and silver over the past few weeks. On July 6, after a rebound in gold prices, a high-level narrow fluctuation market emerged. According to data from the Gate platform, gold (XAU) is currently priced at $4165.04, with a 24-hour decline of 0.26%; silver (XAG) is currently priced at $61.94, with a 24-hour decline of 1.13%. In the correction market, trading of gold and silver-related contracts is active. Data from the CoinGlass platform shows that the Gate XAU contract has a position amount of $155 million, ranking among the top two in the industry, with a 24-hour trading volume of $47.5522 million; the Gate XAG contract has a position amount of $60.9402 million, also ranking among the top two in the industry, with a 24-hour trading volume of $30.6943 million.

According to Bitcoin news, the latest data from the U.S. Federal Reserve shows that the seasonally adjusted broad money supply M2 rose to $23.05 trillion in May, surpassing the $23 trillion mark for the first time, setting a new historical high.Some industry insiders believe that this growth may reflect the Federal Reserve's re-release of liquidity after a tightening cycle.

According to the Nice Matin, the police in the Var department of France successfully cracked a cryptocurrency fraud case involving 1.5 million euros after a year-long investigation, arresting a mother and son involved in the case.The two implemented a "Rip Deal" scam, falsely claiming to facilitate the purchase of luxury homes, luring a wealthy couple from Ramatuelle to Milan, and demanding that they pay a 1.5 million euro transaction guarantee fee in cryptocurrency. During the operation, the suspects used hidden cameras to secretly capture the victims' cryptocurrency account information and private keys, subsequently transferring all the cryptocurrency assets.The police arrested the mother and son in Cavalaire and simultaneously seized properties worth 1.9 million euros under the suspects' names. Both suspects have multiple prior convictions for fraud and will face trial on September 1, facing several criminal charges related to organized gang fraud.

Tom Lee, Chairman of BitMine, the largest treasury in Ethereum, stated that there are ample reasons for the ETH/BTC exchange rate to strengthen in the second half of 2026. The core logic is that the narrative of ETH as a currency is gaining market attention. Tom Lee pointed out three major catalysts: the continuous growth of stablecoins, the wave of asset tokenization, and the increase in new forks and projects within the Ethereum ecosystem, all of which are reinforcing ETH's value storage properties and improving its performance relative to BTC.Tom Lee clearly expects the ETH/BTC exchange rate to continue rising throughout 2026 and emphasized that this is a key indicator worth ongoing attention. Tom Lee believes that macro factors also support the ETH/BTC exchange rate: the decline in oil prices alleviates inflationary pressures, cryptocurrencies remain downstream beneficiary assets of the AI narrative, and the advancement of the CLARITY Act and the GENIUS Act retains a favorable regulatory window.

According to monitoring by Catcher Predict, in the predicted market on Polymarket for the event "Wimbledon ATP: Rafael Nadal vs Pablo Carreño Busta," the sub-market "Wimbledon ATP: Rafael Nadal vs Pablo Carreño Busta Spread +/-2.5" has seen a dramatic fluctuation in the winning probability of the "Nadal" option, soaring from 4.25% an hour ago to the current 20.1% (a fluctuation of 15.85%). Please note the impact of related breaking news.

According to official news, the Gate stock derivatives section will launch on July 2 at 14:00 (UTC+8) with the following perpetual contract trading (settled in USDT) for NKE (Nike), MAR (Marriott International), MUU (2x Long Daily ETF for Micron), XLU (Utilities Sector ETF), CCL (Carnival Cruise Line), BUD (Anheuser-Busch InBev), FOXA (Fox Corporation Class A), CMCSA (Comcast), and ABNB (Airbnb), supporting 1-20x leverage.

Investigative journalist Whitney Webb released a series of investigations about the origins and ambitions of Polymarket.She stated that the claim in Polymarket's official narrative that "Shayne Coplan founded the company alone in 2020 and started it in a bathroom" is not true; the origins of Polymarket can be traced back to the earlier company TokenBnk and has connections to Israeli-related crypto projects.Webb said that the first part of the series will outline Polymarket's early history and discuss its potential connections with Peter Thiel-related forces and DARPA's early prediction market projects.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Wimbledon ATP: Rafael Nadal vs. Pablo Carreño Busta," the "Over" option in the sub-market "Wimbledon ATP: Rafael Nadal vs. Pablo Carreño Busta Match O/U 36.5" has experienced significant fluctuations in winning probability, soaring from 50% an hour ago to the current 65.5% (a fluctuation of 15.5%). Please note the impact of related breaking news.

According to the Science and Technology Innovation Board Daily, the recent round of financing for Moon's Dark Side Kimi, with a valuation of 20 billion USD, has been completed, and a new round of financing has been initiated, with a pre-financing valuation rising to 31.5 billion USD. According to sources close to Kimi, the company disclosed its latest revenue data during this round of financing communication: ARR (Annual Recurring Revenue) has surpassed 300 million USD. The revenue growth for Kimi in this round mainly comes from increased developer usage and API revenue driven by model iterations. Currently, API revenue accounts for over 70% of Kimi's total revenue and continues to rise. Kimi's revenue curve is beginning to show characteristics of the early commercialization stage of Anthropic: increased developer usage, a higher proportion of API revenue, growth in overseas paying users, and a price system uplift driven by model capability iterations.

According to official news, AI-assisted development of the Web3 infrastructure layer Canopy has completed a $8.5 million seed round financing, with participation from Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital.The raised funds will be used to support its mainnet launch, expansion of the engineering team, and the development of native AI development tools.

According to on-chain analyst Yu Jin's monitoring, half an hour ago Garrett Jin placed an order for a ZEC short worth $21.73 million at a price of $418.9, with $4.93 million already executed and another order worth $16.8 million still waiting to be filled.Once fully executed, he will be the largest ZEC holder on Hyperliquid. Additionally, this whale has a BTC long position of 1,270 coins opened at $76,117, currently facing an unrealized loss of $20.15 million.

According to Onchain Lens monitoring, Garrett Jin holds a long position of 1,268 BTC (5x leverage), and with the BTC price around $60,000, the current unrealized loss exceeds $20.4 million.

According to on-chain analyst @ai_9684xtpa, BTC has once again fallen below $60,000. The 5x leveraged Bitcoin long position of "1011 insider whale" agent Garrett Jin has incurred an unrealized loss of $21.12 million. The opening price for his 1,268.33 BTC was $76,117, and the marked price is $59,466, which has decreased by 21.8%.