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According to DefiLlama data, the total locked value (TVL) of DeFi across the network once fell below 70 billion USD, setting a new low since February 2024. Currently, the total TVL across the network is approximately 70.129 billion USD.From the peak of about 171 billion USD in October 2025, DeFi TVL has cumulatively decreased by about 60%. In the past 7 days, the total market value of stablecoins has slightly decreased by 0.97%, while DEX spot trading volume has increased by 8.21% compared to the previous week.

According to Cointelegraph, Australia officially implemented the "travel rule" for local compliant cryptocurrency trading platforms starting in July. All transactions involving the sending and receiving of cryptocurrency assets must provide the name of the recipient or payer and the name of the platform. This rule is enforced by the financial intelligence agency AUSTRAC and applies to any amount, with no minimum threshold, and requires users to confirm that the address belongs to them when withdrawing to a self-custody wallet. Exchanges like Swyftx state that users can reuse the information after submitting it once, while Kraken and CoinJar have already begun implementation in advance. The regulatory goal is to enhance the traceability of on-chain funds to combat money laundering, terrorist financing, and fraud activities.

DefiLlama data shows that in the past week, the income returned to token holders from DeFi protocols was mainly concentrated in a few projects, with the top ten protocols accounting for over 80% in total.Among them, Hyperliquid ranked first with approximately $12.3 million, accounting for about 43.9%; Pump ranked second with about $3.5 million, accounting for about 12.6%; protocols such as Aerodrome, Uniswap, and Chainlink also made it to the top. Holders Revenue refers to the value returned to token holders through methods such as token buybacks, burns, or distributions to stakers.

According to The Block, the UK's Financial Conduct Authority (FCA) finalized a comprehensive crypto regulatory framework on Tuesday, with a mandatory licensing regime set to take effect on October 25, 2027. The framework covers prudential requirements, market abuse regulation, and stablecoin standards, applicable to crypto trading platforms, custodians, stablecoin issuers, lending and staking service providers, as well as some DeFi companies with identifiable controlling entities.Businesses can apply for authorization between September 30, 2026, and February 28, 2027, and existing anti-money laundering registrations will not automatically convert. Regarding trading platform rules, the FCA requires UK-qualified crypto asset trading platforms to conduct due diligence, meet entry standards, and publish disclosure documents, while removing the previous exemption that allowed fungible crypto assets to be listed without disclosure documents. Market abuse rules cover insider trading and market manipulation.For stablecoins, the FCA has removed the obligation to forecast the redemption of reserve assets, allowed limited group internal custody arrangements, and reduced the K-SII capital ratio for stablecoin issuance from 2% to 1%. Crypto assets on qualified platforms will be subject to a unified 40% net risk exposure requirement and a 40% counterparty default volatility adjustment. FCA's Director of Payments and Digital Finance, David Geale, stated that the framework is an important milestone for crypto regulation in the UK, providing regulatory certainty while allowing businesses to maintain innovation space.

With the European Union's Markets in Crypto-Assets Regulation (MiCA) officially coming into full effect on July 1, 2026, it marks the beginning of a new era of unified regulation in the European digital asset market. As the global regulatory framework continues to improve, stablecoin payments are evolving from a focus on "pure efficiency" to "compliance, transparency, and trust," accelerating their transformation into core infrastructure for enterprise-level payments.As a provider of enterprise-level stablecoin payment infrastructure, WasabiCard consistently practices a "compliance first" development philosophy. By continuously strengthening core risk control capabilities such as AML (Anti-Money Laundering), KYC (Know Your Customer), and KYB (Know Your Business), it is committed to building a secure, transparent, and sustainable foundation for global payments.As stablecoins rapidly penetrate core business scenarios such as enterprise treasury management, cross-border payments, and B2B settlements, compliance capability has become the primary consideration for enterprises when choosing payment channels. In the future, WasabiCard will leverage its core capabilities of "global issuance, stablecoin payments, global remittance, and fund distribution" to deeply integrate a comprehensive compliance system with business scenarios, helping global enterprises confidently navigate the evolving regulatory environment and significantly enhance the security and compliance efficiency of their global operations.

According to the Bangkok Post, the Bank of Thailand is advancing a 1:1 baht-backed stablecoin plan and expects to launch a public consultation (open call for opinions) on the related proposal by the end of this year.

According to Wccftech, investment bank Jefferies' latest research report indicates that due to the ongoing global supply shortage and strong demand for AI computing power, memory chip prices are expected to see a significant increase in the second half of 2026 and in 2027.The report predicts that memory chip prices will rise by 40% to 50% quarter-on-quarter in the third quarter of 2026, and will continue to rise by 30% to 40% quarter-on-quarter in the fourth quarter; by 2027, the overall year-on-year price increase will reach 40% to 45%. It is not until 2028, with the introduction of 15% to 20% of new production capacity into the market, that prices are expected to decline.Additionally, the report emphasizes that currently about 50% of global memory production capacity is locked in by long-term agreements (LTA) with large technology companies, which will further compress supply in the consumer electronics market and drive up end-user costs. Analysts also believe that before the large-scale expansion of capacity by domestic Chinese memory manufacturers in 2028, it will be difficult to significantly alleviate the tight situation and prices in the global market.

According to CoinDesk, the cryptocurrency exchange BitMEX has recently made significant adjustments to its executive team, with former CEO Stephan Lutz, CFO Ina Steiner, and Chief Growth Officer Raphael Polansky all having left the company. The company's former Global General Counsel and COO Peter Wilkinson has taken over as the new CEO.The report indicates that amid the ongoing downturn in the cryptocurrency market, BitMEX, which is reportedly seeking a sale, may be aiming to streamline operational costs to enhance its appeal to potential buyers.

According to GMGN data, the market capitalization of the Solana ecosystem Meme coin ANSEM briefly surpassed $120 million, setting a new historical high, and has now fallen back to $110 million, with a 24-hour increase of 9.7 times and a 24-hour trading volume of $88.2 million.Yesterday, crypto KOL Ansem stated on social media that due to Pump.fun "refusing to distribute funds (airdrop)," he had to provide a "stimulus fund" to the "on-chain trenches" (referring to on-chain Meme coin traders).ChainCatcher reminds users: Most Meme coins have no real use cases and are highly volatile, please pay attention to asset protection and do not FOMO.

According to a report by crypto.news, Galaxy Digital CEO Mike Novogratz stated that the core reason for Bitcoin's recent decline is the "collapse of confidence triggered by Strategy." The issue lies not only in the price of Bitcoin itself but also in the growing concerns in the market regarding Strategy's financing model.As the largest publicly traded holder of Bitcoin globally, Strategy's stock and preferred securities have become key indicators for traders to measure Bitcoin market risk. Previously, the company's Bitcoin flywheel effect had come under pressure, with stock trading prices dipping below the value of its Bitcoin holdings, indicating that its long-reliant "premium stock issuance to repurchase Bitcoin" model is being challenged. Novogratz bluntly stated that STRC trading is weak, which should have been maintained around $100. Currently, Strategy's annual dividend obligation has risen to about $1.2 billion, and a decline in cash reserves has reduced the dividend coverage period to only about 14 months.Bitcoin is also facing pressure on a macro level. Novogratz summarized the current market logic as "a strong dollar means a weak Bitcoin," with hawkish central bank signals and a strengthening dollar suppressing demand for risk assets. From a technical perspective, the $59,000 to $60,000 range for Bitcoin has become a critical defense line, and if it breaks down, the downward space could open up to $45,000.Novogratz also admitted that the current situation is complex, with a 50-50 probability of a rebound or a deep correction. Outflows from ETF funds, weak liquidity, and cautious positioning in the options market further confirm the fragile market sentiment. Now, the health of Strategy's balance sheet, the performance of STRC prices, and cash positions have evolved from being company-level issues to becoming confidence signals for the overall Bitcoin market.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Dota 2: Virtus.pro vs HULIGANI - European Closed Qualifiers," the win rate of the "Yes" option in the sub-market "Both sides defeat Roshan" has experienced a dramatic fluctuation, soaring from 50% an hour ago to the current 95% (a fluctuation of 45%). Please note the impact of relevant breaking news.

According to on-chain analyst @ai_9684xtpa, a certain whale purchased 5.455 million USD worth of SK Hynix (SKHYNIX) on Binance.Market data shows that the SKHYNIX contract price on Binance briefly rose to 1830 USD and has now fallen back to 1786 USD.

According to market data, Binance Life experienced a short-term decline of over 30%, once dropping to 0.45554 USD, and has now rebounded to 0.529 USD, with a 24-hour decline of 29.19%, and a market capitalization currently reported at 529 million USD.

According to GMGN data, the market capitalization of the Solana ecosystem Meme coin ANSEM briefly surpassed $32 million, and has now fallen back to $24 million, with a 24-hour increase of 115 times and a 24-hour trading volume of $21.2 million.Crypto KOL Ansem stated on social media that due to Pump.fun "refusing to distribute funds (airdrop)," he had to provide a "stimulus fund" to the "on-chain trenches" (referring to on-chain Meme coin traders).ChainCatcher reminds users: Most Meme coins have no real use cases and are highly volatile, please pay attention to asset protection and do not FOMO.

The Federal Bureau of Investigation (FBI) reminds victims of the OneCoin international cryptocurrency investment scam that they can apply for compensation through a special program by the Department of Justice (DOJ) before the deadline.This process allows individuals who purchased OneCoin and suffered direct financial losses due to the OneCoin scheme between 2014 and 2019 to submit applications. Victims can submit applications via mail, email, or an online form. However, submitting an application does not guarantee financial compensation.The DOJ stated that global investors in OneCoin have collectively lost over $4 billion.

According to Cointelegraph, in the wave of declines in technology stocks, cryptocurrency-related stocks have suffered particularly severe losses, with the divergence from the broader market continuing to widen. Coinbase (COIN) and Circle (CRCL) have fallen 69% and 72% from their respective historical highs, far exceeding the 48% to 57% pullback of mainstream tech stocks like Oracle, Salesforce, Netflix, and Palantir; in contrast, the S&P 500 index has only retreated 3.5% from its recent peak.On the fundamental side, Coinbase's first-quarter performance was significantly below Wall Street expectations, with a 21% quarter-over-quarter decline in revenue and a loss of $1.49 per share, while analysts had previously expected earnings of $0.27 per share. Bitcoin fell below $60,000 this week, down more than 54% from its October peak; Ethereum also dropped to around $1,500, down about 69% from last year's high, with market sentiment continuing to deteriorate.21Shares has lowered its 2026 cryptocurrency market expectations in its mid-year outlook report, believing that the performance of digital asset prices is significantly lagging behind the industry's fundamentals. The institution pointed out that institutional adoption is still deepening, with stablecoins, asset tokenization, and prediction markets maintaining strong development momentum, but the four-year market cycle of Bitcoin remains the dominant force in price trends. The report also acknowledged previous misjudgments—"the cycle of Bitcoin is evolving, but has not yet broken," retracting its earlier assertion that the four-year cycle was outdated.Analysts believe that the deep pullback in cryptocurrency stocks reflects the overall weakness of the digital asset market, the uncertainty of legislative progress in the U.S. cryptocurrency market structure, and the compounded pressure from the potential impact of AI technology on existing business models.

Fidelity Digital Assets recently released a research report that positively addresses concerns about the long-term impact of Bitcoin halving on network security. The report's author, Fidelity research analyst Daniel Gray, pointed out that Bitcoin network security relies not only on block rewards but also on transaction fees, market incentives, and other economic forces that continuously motivate miners to maintain network security, making the cost of sustained attacks prohibitively high.On the data front, Gray noted that despite the ongoing reduction in block subsidies, the rise in Bitcoin prices has significantly offset this impact. The average daily income of miners has increased from about $26,300 during the first halving cycle to over $40,200 today. He wrote, "Despite the decrease in issuance, miner incentives and the resulting network security have historically strengthened alongside the rise in Bitcoin prices."Since the fourth halving in April 2024, the block subsidy for miners has decreased from 6.25 to 3.125 Bitcoins per block. However, the optimistic conclusions of the report starkly contrast with the current realities faced by publicly traded mining companies. Several industry analysts describe the current environment as one of the most challenging for mining on record, due to the simultaneous decline in block rewards, rising operational costs, and increased competition.In response, several mining companies have begun to transition to the AI and high-performance computing sectors, leveraging existing power infrastructure to meet AI computing demands. VanEck estimates that publicly listed mining companies may need to raise up to $50 billion in additional funds to fully transition to AI infrastructure, but the requirements for AI data centers regarding facility standards, cooling, power redundancy, and networking are far higher than those of traditional Bitcoin mining operations, making the transition challenges significant.

According to monitoring by Catcher Predict, in the market prediction event "Dota 2 Power Rangers vs Yellow Submarine European Qualifiers" on Polymarket, the "Yes" option for the sub-market "Both Defeat Roshan" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.