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On-chain investigator ZachXBT posted that the LAB token has dropped from $14 to less than $2 in the past 24 hours, a decline of about 85%, with the fully diluted valuation (FDV) significantly shrinking from about $14 billion.ZachXBT expressed disappointment that Binance, Bitget, and Gate failed to take measures in advance to prevent price manipulation, stating that if centralized exchanges truly valued user interests, they should at least return the profits from accounts suspected of manipulating the market to the users. He also pointed out that LAB investors were originally scheduled to start unlocking tokens later this month, but the vesting arrangements have been modified multiple times before, with insiders controlling almost the entire circulating supply and implementing extreme price manipulation through market makers on centralized exchanges. Therefore, he "does not recommend trading LAB under any circumstances."

According to Reuters, informed sources revealed that due to the subscription scale reaching several times, South Korean chip manufacturer SK Hynix will end its $28 billion American Depositary Receipt (ADR) issuance book-building at 4 PM Eastern Time on Wednesday. It is reported that the final pricing guidance for this issuance will be announced after the close of the Korean stock market on Thursday, and the allocation results will be finalized later on Thursday evening, with plans to officially list on Nasdaq on July 10.The report pointed out that this issuance has attracted strong demand from American investors, with several large orders ranging from $200 million to over $1 billion. The company previously disclosed that institutions such as Baillie Gifford and Coatue Management have expressed interest in purchasing a total of up to $7 billion in ADRs. This transaction is expected to issue 17.79 million new shares, making it the second largest stock issuance in history globally, following SpaceX's record $85.7 billion IPO last month, surpassing the previous records of Saudi Aramco (2019) and Alibaba (2014). As a core supplier of high bandwidth memory (HBM) for companies like Nvidia and Google, SK Hynix stipulates that every 10 ADRs represent 1 share of common stock, with a reference price of 242,500 Korean won per ADR based on the Seoul closing price on July 3.

On the 8th, U.S. President Trump said at the NATO summit that he believes the U.S.-Iran memorandum of understanding "has ended."

According to CoinDesk, the new version of the XRP Ledger server software v3.2.0 has been launched, aiming to reduce operational costs, enhance stability, and increase appeal to institutional users. Currently, about 43% of the approximately 833 active nodes are running the new version, while 51% are still using the old version v3.1.3. However, about 89% of the 35 validators in the default UNL have upgraded, reaching the required 80% threshold for activation.The security amendment fixCleanup3_2_0 associated with the software upgrade is still under independent voting, covering fixes and improvements for single-asset vaults, permissioned DEX, multi-purpose tokens, and lending protocols, with current support far below the software adoption rate. Ripple has voted in favor of this amendment, and validators that do not upgrade before the amendment is activated may face the risk of being cut off from the Ledger.

Bitcoin Treasuries.NET posted on platform X that Michael Saylor of Strategy stated that if Bitcoin's long-term increase exceeds 3.3%, BTC capital gains can indefinitely fund STRC dividends. Even if BTC's annual increase is 0%, Strategy still has 31 years of dividend funding.

According to Decrypt, the Kenya Capital Markets Authority is tendering for blockchain monitoring tools to track fraud, money laundering, and sanctions evasion across more than 20 public blockchains. This move aims to support law enforcement needs under Kenya's new cryptocurrency legal framework.The platform will automatically issue alerts for high-risk wallets, large transfers, mixers, darknet-associated addresses, and sanctioned entities, and will screen transactions against the sanctions lists of the United Nations and the U.S. Office of Foreign Assets Control.

According to Decrypt, market maker Wintermute stated that Bitcoin's recent nearly 10% rebound is a "textbook rebound," rather than a structural change in the market, and the company remains cautious.Wintermute pointed out that the three driving factors behind the rebound are the easing macro environment, the Federal Reserve's dovish tone, and positive news regarding Ethereum and institutional adoption, which are sufficient to explain the current market without seeking a larger narrative. The company believes the market may continue to "rise slightly." However, Wintermute stated that a single data point does not constitute a trend, and more sustained inflows are needed to confirm a structural change; until broader capital flows genuinely shift, the current situation is merely a corrective rally.

The Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, issued a statement regarding the 2026 regulatory agenda, which pointed out that a series of regulatory reforms will continue to be advanced. This includes adapting the regulatory framework to the current market environment, actively embracing innovation and new technologies, implementing the goal proposed by U.S. President Trump to "make America the global crypto capital," promoting more crypto-related products to enter the U.S. market, establishing clear financing rules for crypto assets, and clarifying the roles of market participants in on-chain custody and facilitating on-chain tokenized securities trading.In terms of capital market reform, the SEC will promote the "Make IPOs Great Again" initiative by reforming the information disclosure system, reducing compliance costs for companies going public, and encouraging more companies to enter the public market while maintaining necessary investor protection measures.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Dota 2: Team Falcons vs. BetBoom Team - Esports World Cup Group A", the "Yes" option in the sub-market "Ends During the Day" has experienced a dramatic fluctuation in winning probability, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of related breaking news.

According to official news, the AI Agent underlying infrastructure project B.AI has landed on the popular recommendation section of the Binance wallet. Global users can easily find and access B.AI by opening the Binance wallet and navigating to [Discover - DApp - Tools], experiencing its cutting-edge AI capabilities. B.AI is committed to providing developers and ecosystem users with an efficient, convenient, and barrier-free platform for building and applying AI agents. This launch on the Binance wallet recommendation section will enable B.AI to reach a broader Web3 community, further promoting the integration and scalable application of AI and decentralized technology.

Today, Bitget CFD Chief Analyst Lewis Huang pointed out in an online live broadcast themed "Cooling Interest Rate Hike Expectations: Technical Analysis Takes Over Trends" that the current global financial market is at a critical juncture of alternating macro narratives and market trends. He emphasized that with the recent overall economic data being released, market concerns about the Federal Reserve maintaining an aggressive interest rate hike path have significantly cooled. Against the backdrop of weakening macro fundamental pressures, capital is seeking new directions, and market logic will gradually shift from "news-driven" to "technical-driven."Regarding the current market landscape, Lewis Huang stated that when macro expectations become consistent or stable, "technical analysis will reflect all market information." In the practical analysis segment of the live broadcast, he deeply dissected the latest chart structures of gold, U.S. stocks, and popular stock indices. He pointed out that due to the retreat of interest rate hike risks, non-yielding assets (such as gold) and risk assets (such as stock indices) are showing clearer technical boundaries. He suggested that CFD traders should temporarily reduce their reliance on macro data speculation at this stage and shift their trading focus to price action itself, leveraging key support and resistance levels and trend indicators to flexibly capture trading opportunities in swings and trends under changing market sentiments.

Jack Yi stated that the weekly level of Bitcoin is still in a downtrend, and in the short term, attention should be paid to whether it can effectively break through 68,000 USD.He believes that only by strongly standing above 68,000 USD can a more significant reversal in the market occur; if the breakout fails, the price may once again test the bottom, and there is a risk of falling below 47,000 USD that needs to be monitored.

According to the official announcement from Gate, Gate has completed the cash dividend distribution for 206 stocks including Nike (NKE), Coca-Cola (KO), and PepsiCo (PEP), as well as some ETFs, and has proportionally distributed the equivalent amount in USDT to the spot accounts of eligible users without requiring any action from them. This dividend distribution covers multiple categories including technology and semiconductors, financial services, energy, consumer goods, healthcare, industrial manufacturing, real estate, utilities, and index and sector-themed ETFs. Users can check the dividend details in the APP under 【TradFi】 - 【Stocks】 - 【Trading】 - 【History】 - 【Funds Flow】 or on the Web under 【Stocks】 - 【Funds Flow】. The final amount and timing of the funds will be based on the actual receipt situation.

According to BBX data, global cryptocurrency concept companies disclosed the latest developments in their digital asset portfolio adjustments and expansions yesterday and in recent days, with the core information as follows:Strategy historic cash-out of $216 million: Strategy Inc. (NASDAQ: $MSTR) submitted a filing to the SEC on July 6, disclosing that it sold 3,588 bitcoins in two batches from June 29 to July 5 for approximately $216 million to pay four preferred stocks and the quarterly/monthly dividends of STRC, and to supplement its dollar reserves to $2.55 billion. The average selling price was about $60,215, which is approximately 20% lower than its historical holding cost. The company's total holdings have now decreased to 843,775 BTC, emphasizing that this was a liquidity management decision and that its bitcoin strategy has not changed.BMNR claims ETH holdings exceed 5.74 million: Bitmine Immersion Technologies (NYSE: $BMNR) announced on July 6 that it spent $74 million in the past week to purchase 42,197 ethers. The company claims its total holdings have risen to 5,742,237 ETH (accounting for 4.8% of the total network circulation, with a market value of approximately $10.3 billion), of which over 4.87 million have been staked through its MAVAN platform. Chairman Tom Lee attributes the continued buying to the increased probability of the CLARITY Act's passage.American Bitcoin increases holdings by 500 BTC: The cryptocurrency mining company American Bitcoin, supported by the Trump family, recently increased its holdings by another 500 bitcoins in the open market. After this acquisition, the company's total bitcoin holdings have officially exceeded 8,000.

According to Onchain Lens monitoring, in the past 24 hours, a certain whale spent 850 WETH to buy 572,900 LIT, worth 1.52 million USD.As of now, the whale has spent a total of 3.03 million USD to buy 1,358,000 LIT, with an average price of 2.23 USD.

Michael Saylor stated on the X platform that Strategy has sold 3,588 bitcoins, cashing out $216 million to pay dividends on its digital credit securities. As of July 5, the company's bitcoin reserves have decreased to 843,775 coins, while holding a dollar reserve of $2.55 billion.This is the second public disclosure of a reduction operation by Strategy this year, following the sale of 32 BTC to cover preferred stock dividends from May 26 to 31, and the scale has significantly expanded, reflecting the company's increased reliance on selling part of its bitcoin reserves to maintain its dividend obligations amid pressure on bitcoin prices and growing unrealized losses.