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Can Zcash overcome counterfeit concerns thanks to Ironwood verification?Zcash is officially checking the shielded pool Ironwood to remove the risk of undetectable counterfeit ZEC minting, following the counterfeiting error incident related to Orchard. This development is important because trust in Zcash’s security mechanism and the integrity of its supply was strongly affected in the past. The ZEC price has also clearly reacted to news about the bug and the new verification plan. MAIN CONTENT Ironwood has been put into an official verification process to confirm that there are no bugs that could enable undetected counterfeit minting.

Can Zcash overcome counterfeit concerns thanks to Ironwood verification?

Zcash is officially checking the shielded pool Ironwood to remove the risk of undetectable counterfeit ZEC minting, following the counterfeiting error incident related to Orchard.
This development is important because trust in Zcash’s security mechanism and the integrity of its supply was strongly affected in the past. The ZEC price has also clearly reacted to news about the bug and the new verification plan.
MAIN CONTENT
Ironwood has been put into an official verification process to confirm that there are no bugs that could enable undetected counterfeit minting.
ZachXBT: AscendEX has almost no liquid assets left to process withdrawalsAscendEX said it has stopped all business operations from July 1 and switched to a manual withdrawal processing mode. The exchange stated that this is related to the current market environment and the EU’s MiCA regulations. Starting July 6, all withdrawal requests on the platform must go through manual checks, while the automated withdrawal mechanism has been temporarily suspended. AscendEX only retains limited access to accounts to process withdrawals, update KYC, handle complaints, and export transaction history.

ZachXBT: AscendEX has almost no liquid assets left to process withdrawals

AscendEX said it has stopped all business operations from July 1 and switched to a manual withdrawal processing mode. The exchange stated that this is related to the current market environment and the EU’s MiCA regulations.
Starting July 6, all withdrawal requests on the platform must go through manual checks, while the automated withdrawal mechanism has been temporarily suspended. AscendEX only retains limited access to accounts to process withdrawals, update KYC, handle complaints, and export transaction history.
Digital assets and stocks tumble sharply after the U.S.-Iran ceasefire endsBitcoin and Ethereum both fell by more than 2% after the United States carried out airstrikes on a ship belonging to Iran’s Islamic Revolutionary Guard Corps, while President Donald Trump said the ceasefire agreement with Iran “has ended.” The escalation dampened risk appetite in the market significantly. CoinDesk 20 fell by nearly 3%, while Nasdaq 100 and S&P 500 futures at times were down about 1.5%. In the crypto derivatives market, open interest in BTC futures fell slightly. ETH recorded around 90 million USD in long positions liquidated as the price declined.

Digital assets and stocks tumble sharply after the U.S.-Iran ceasefire ends

Bitcoin and Ethereum both fell by more than 2% after the United States carried out airstrikes on a ship belonging to Iran’s Islamic Revolutionary Guard Corps, while President Donald Trump said the ceasefire agreement with Iran “has ended.”
The escalation dampened risk appetite in the market significantly. CoinDesk 20 fell by nearly 3%, while Nasdaq 100 and S&P 500 futures at times were down about 1.5%.
In the crypto derivatives market, open interest in BTC futures fell slightly. ETH recorded around 90 million USD in long positions liquidated as the price declined.
China’s central bank monetary policy committee maintains a moderately accommodative policyThe People’s Bank of China said it will continue to maintain a moderately accommodative monetary policy and keep liquidity at a plentiful level. This message was stated at the regular quarterly meeting of the second quarter of 2026 of the Monetary Policy Committee. The agency also emphasized that it will increase countercyclical and cross-cyclical regulation, and will use multiple tools to ensure that credit growth and money supply are aligned with economic and price targets.

China’s central bank monetary policy committee maintains a moderately accommodative policy

The People’s Bank of China said it will continue to maintain a moderately accommodative monetary policy and keep liquidity at a plentiful level.
This message was stated at the regular quarterly meeting of the second quarter of 2026 of the Monetary Policy Committee. The agency also emphasized that it will increase countercyclical and cross-cyclical regulation, and will use multiple tools to ensure that credit growth and money supply are aligned with economic and price targets.
Binance Alpha opens an airdrop box, pool includes AKE and ARTXBinance has launched a new Alpha Box airdrop event, with rewards coming from two projects: AKEDO (AKE) and ULTILAND (ARTX). The event that applies the Alpha Box model has been updated. Users with at least 245 Binance Alpha points can receive an airdrop token once on the Alpha Events page. Binance says that each account can only claim once in this event. There are currently no further details about the allocation size or the program’s end time.

Binance Alpha opens an airdrop box, pool includes AKE and ARTX

Binance has launched a new Alpha Box airdrop event, with rewards coming from two projects: AKEDO (AKE) and ULTILAND (ARTX).
The event that applies the Alpha Box model has been updated. Users with at least 245 Binance Alpha points can receive an airdrop token once on the Alpha Events page.
Binance says that each account can only claim once in this event. There are currently no further details about the allocation size or the program’s end time.
Article
SpaceX Carries Out a Test Bitcoin Transaction After 6 Months of InactivitySpaceX is said to have moved a very small amount of Bitcoin from a dormant wallet over the past six months, drawing attention on-chain even though the key details of the transaction have not yet been fully confirmed. The point of interest isn't the value of around $88, but the fact that a wallet linked to SpaceX suddenly went active after a long period of silence. However, the available information is still not enough to conclude whether this is a wallet test, a custody restructuring, or something bigger.

SpaceX Carries Out a Test Bitcoin Transaction After 6 Months of Inactivity

SpaceX is said to have moved a very small amount of Bitcoin from a dormant wallet over the past six months, drawing attention on-chain even though the key details of the transaction have not yet been fully confirmed.
The point of interest isn't the value of around $88, but the fact that a wallet linked to SpaceX suddenly went active after a long period of silence. However, the available information is still not enough to conclude whether this is a wallet test, a custody restructuring, or something bigger.
Trader makes about 1.6 million USD profit from CASHCAT with 86 USDA trader with the address 0xeee2 is said to have turned 86 USD into about 1.6 million USD thanks to CASHCAT. According to the cited data, this person bought 17.5 million CASHCAT, then sold 3.6 million tokens to receive about 390,500 USD. The remaining 13.8 million CASHCAT is currently valued at about 1.24 million USD. Realized profit plus the value of the tokens still held is estimated at around 1.6 million USD. This return corresponds to about 19,000 times the initial capital.

Trader makes about 1.6 million USD profit from CASHCAT with 86 USD

A trader with the address 0xeee2 is said to have turned 86 USD into about 1.6 million USD thanks to CASHCAT.
According to the cited data, this person bought 17.5 million CASHCAT, then sold 3.6 million tokens to receive about 390,500 USD. The remaining 13.8 million CASHCAT is currently valued at about 1.24 million USD.
Realized profit plus the value of the tokens still held is estimated at around 1.6 million USD. This return corresponds to about 19,000 times the initial capital.
SecondFi announces update on the theft incident: Isolation Mode launches this weekSecondFi said that “Isolation Mode” will be rolled out this week so users can check whether a wallet address is related to the theft incident and submit a support ticket. This Cardano wallet service provider also said that next week it will introduce a safer wallet export feature, to support the wallet migration process for users across different technical levels. SecondFi said it will provide a plan to recover assets for wallets confirmed to be affected through a verification process. The plan is expected to use recovery tools based on zero-knowledge proofs, along with specific eligibility conditions and criteria.

SecondFi announces update on the theft incident: Isolation Mode launches this week

SecondFi said that “Isolation Mode” will be rolled out this week so users can check whether a wallet address is related to the theft incident and submit a support ticket.
This Cardano wallet service provider also said that next week it will introduce a safer wallet export feature, to support the wallet migration process for users across different technical levels.
SecondFi said it will provide a plan to recover assets for wallets confirmed to be affected through a verification process. The plan is expected to use recovery tools based on zero-knowledge proofs, along with specific eligibility conditions and criteria.
Circle mints 250 million USDC on Solana, cumulative total reaches $66.76 billionCircle has just issued an additional 250 million USDC on Solana. This move has been noted by Onchain Lens. Since the beginning of the year, Circle has issued a total of about 66.76 billion USDC on Solana. USDC is a stablecoin issued by Circle, while Solana is one of the blockchain networks used to transfer and store digital assets with transaction fees much lower than many other networks. The available data only shows that the issuance scale of USDC on Solana continues to grow this year. There are no further details yet about the purpose of the latest issuance.

Circle mints 250 million USDC on Solana, cumulative total reaches $66.76 billion

Circle has just issued an additional 250 million USDC on Solana.
This move has been noted by Onchain Lens. Since the beginning of the year, Circle has issued a total of about 66.76 billion USDC on Solana.
USDC is a stablecoin issued by Circle, while Solana is one of the blockchain networks used to transfer and store digital assets with transaction fees much lower than many other networks.
The available data only shows that the issuance scale of USDC on Solana continues to grow this year. There are no further details yet about the purpose of the latest issuance.
XRP Ledger v3.2.0 launched: 43% upgrade rate for new nodesThe XRP Ledger has released a new server version, v3.2.0, with the goal of reducing operating costs, improving stability, and better aligning with organizational needs. Currently, around 43% of the nearly 833 nodes are running the new version, while 51% are still using v3.1.3. However, 89% of the 35 validators in the default UNL have already upgraded, exceeding the 80% threshold required to activate. The update bundled with amendment fixCleanup3_2_0 is still being voted on independently. This proposal concerns bug fixes and improvements for single-asset vaults, permissioned DEXs, multi-purpose tokens, and lending protocols.

XRP Ledger v3.2.0 launched: 43% upgrade rate for new nodes

The XRP Ledger has released a new server version, v3.2.0, with the goal of reducing operating costs, improving stability, and better aligning with organizational needs.
Currently, around 43% of the nearly 833 nodes are running the new version, while 51% are still using v3.1.3. However, 89% of the 35 validators in the default UNL have already upgraded, exceeding the 80% threshold required to activate.
The update bundled with amendment fixCleanup3_2_0 is still being voted on independently. This proposal concerns bug fixes and improvements for single-asset vaults, permissioned DEXs, multi-purpose tokens, and lending protocols.
Article
Santiment: BTC and ETH supply on exchanges near record lowsBitcoin and Ethereum are near record lows in exchange supply, a signal that on-chain analysts often interpret as a sign that short-term selling pressure is easing. This index measures the portion of supply that is held in the wallets of centralized exchanges. When coins leave exchanges and are transferred to self-custody or cold storage, the amount of assets that can be sold immediately can shrink. MAIN CONTENT Exchange supply of Bitcoin and Ethereum is approaching its historical bottom.

Santiment: BTC and ETH supply on exchanges near record lows

Bitcoin and Ethereum are near record lows in exchange supply, a signal that on-chain analysts often interpret as a sign that short-term selling pressure is easing.
This index measures the portion of supply that is held in the wallets of centralized exchanges. When coins leave exchanges and are transferred to self-custody or cold storage, the amount of assets that can be sold immediately can shrink.
MAIN CONTENT
Exchange supply of Bitcoin and Ethereum is approaching its historical bottom.
Trump says the temporary U.S.-Iran ceasefire agreement has endedU.S. President Donald Trump said the temporary ceasefire agreement with Iran has “ended,” increasing the risk that military tensions between the two countries will flare up again. He made this assessment at the annual NATO summit on Wednesday, after the United States carried out a new round of airstrikes against Iran and revoked waivers that had allowed Iranian oil sales. The developments took place after attacks near the Strait of Hormuz, a key area for global oil shipping routes. This continued to make energy markets volatile and test an already fragile agreement between Washington and Tehran.

Trump says the temporary U.S.-Iran ceasefire agreement has ended

U.S. President Donald Trump said the temporary ceasefire agreement with Iran has “ended,” increasing the risk that military tensions between the two countries will flare up again.
He made this assessment at the annual NATO summit on Wednesday, after the United States carried out a new round of airstrikes against Iran and revoked waivers that had allowed Iranian oil sales.
The developments took place after attacks near the Strait of Hormuz, a key area for global oil shipping routes. This continued to make energy markets volatile and test an already fragile agreement between Washington and Tehran.
MiniMax plans to launch a 2.7-trillion-parameter large modelMiniMax is reportedly developing a new large language model with 2.7 trillion parameters, surpassing the existing domestic AI models available on the market. The model is said to be able to launch as early as Q3 this year. Inside the company, the project is codenamed M3 Pro, but it’s unclear whether this name will be retained for the official release. MiniMax also plans to open-source its new model. Its scale is much larger than the company’s current flagship M3 model, which has 428 billion parameters.

MiniMax plans to launch a 2.7-trillion-parameter large model

MiniMax is reportedly developing a new large language model with 2.7 trillion parameters, surpassing the existing domestic AI models available on the market.
The model is said to be able to launch as early as Q3 this year. Inside the company, the project is codenamed M3 Pro, but it’s unclear whether this name will be retained for the official release.
MiniMax also plans to open-source its new model. Its scale is much larger than the company’s current flagship M3 model, which has 428 billion parameters.
Article
Japan bond market could determine Bitcoin’s next moveBitcoin is under pressure from multiple fronts as Japan government bond yields reach the highest levels in 30 years, while spot ETF inflows weaken. This development raises concerns about global liquidity, but buying pressure from corporate treasuries remains a key support to watch for BTC. MAIN CONTENT Yields on Japan government bonds with 10-year and 20-year maturities have risen to the highest levels in 30 years.

Japan bond market could determine Bitcoin’s next move

Bitcoin is under pressure from multiple fronts as Japan government bond yields reach the highest levels in 30 years, while spot ETF inflows weaken.
This development raises concerns about global liquidity, but buying pressure from corporate treasuries remains a key support to watch for BTC.
MAIN CONTENT
Yields on Japan government bonds with 10-year and 20-year maturities have risen to the highest levels in 30 years.
Hyperliquid Labs transfers 452,000 HYPE, worth $32.32 millionHyperliquid Labs transferred 452,000 HYPE, worth about $32.32 million, in the early hours of 8/7. At the same time, HYPE fell 5% over the day. On-chain analyst Yu Jin said that part of these HYPE tokens may have been sold via market maker Flowdesk. Some tokens entered Flowdesk’s on-chain wallet, while the rest were sent to Flowdesk’s deposit addresses on OKX, Bybit, and Gate. It is not yet clear how all of the tokens were handled after being transferred, nor the specific extent of this token flow’s impact on the market. The data mentioned only shows destinations related to Flowdesk.

Hyperliquid Labs transfers 452,000 HYPE, worth $32.32 million

Hyperliquid Labs transferred 452,000 HYPE, worth about $32.32 million, in the early hours of 8/7. At the same time, HYPE fell 5% over the day.
On-chain analyst Yu Jin said that part of these HYPE tokens may have been sold via market maker Flowdesk. Some tokens entered Flowdesk’s on-chain wallet, while the rest were sent to Flowdesk’s deposit addresses on OKX, Bybit, and Gate.
It is not yet clear how all of the tokens were handled after being transferred, nor the specific extent of this token flow’s impact on the market. The data mentioned only shows destinations related to Flowdesk.
Michael Saylor: Bitcoin growing more than 3.3% could sustain STRC dividends indefinitelyMichael Saylor said that a commonly misunderstood metric of MSTR is the Bitcoin break-even ARR. He said that if Bitcoin’s long-term growth exceeds 3.3%, the gross price appreciation could be enough to fund STRC dividends indefinitely. This comment was posted by him on X on July 8. There is currently no further detail on how this metric is calculated beyond the assessment he provided. Saylor did not provide any new data about MSTR beyond the emphasis above. The content he discussed focuses on the relationship between Bitcoin’s long-term growth and STRC’s ability to maintain dividends.

Michael Saylor: Bitcoin growing more than 3.3% could sustain STRC dividends indefinitely

Michael Saylor said that a commonly misunderstood metric of MSTR is the Bitcoin break-even ARR. He said that if Bitcoin’s long-term growth exceeds 3.3%, the gross price appreciation could be enough to fund STRC dividends indefinitely.
This comment was posted by him on X on July 8. There is currently no further detail on how this metric is calculated beyond the assessment he provided.
Saylor did not provide any new data about MSTR beyond the emphasis above. The content he discussed focuses on the relationship between Bitcoin’s long-term growth and STRC’s ability to maintain dividends.
Analysis: Bitcoin mining companies shift to AI infrastructure, outperform BitcoinShares of Bitcoin-mining companies are clearly outperforming Bitcoin since the start of 2025, while many AI-related stocks such as semiconductors and memory have just gone through a valuation correction. According to BIT analysis, this divergence momentum began in Q3 and is now seen as a more structural shift rather than a short-term fluctuation. Price action suggests the market is evaluating the Bitcoin-mining company group differently than before.

Analysis: Bitcoin mining companies shift to AI infrastructure, outperform Bitcoin

Shares of Bitcoin-mining companies are clearly outperforming Bitcoin since the start of 2025, while many AI-related stocks such as semiconductors and memory have just gone through a valuation correction.
According to BIT analysis, this divergence momentum began in Q3 and is now seen as a more structural shift rather than a short-term fluctuation. Price action suggests the market is evaluating the Bitcoin-mining company group differently than before.
Expert: 40% of altcoins near historical lows; the market is very bleakCryptoQuant said that about 40% of altcoins are trading close to historical lows, when the price is still below 25% of its all-time high. This figure previously rose to 45% at the end of June, when Bitcoin fell below $60,000. Analyst Darkfost called this an extreme state of stagnation in the altcoin market. The data he provided shows prolonged weak pressure across many tokens, rather than being concentrated only in a few separate groups. Darkfost also believes the market has fundamentally changed as the number of crypto assets being created has increased very rapidly. According to CoinMarketCap, there are about 53.5 million crypto coins, with 60,000 new tokens appearing every day.

Expert: 40% of altcoins near historical lows; the market is very bleak

CryptoQuant said that about 40% of altcoins are trading close to historical lows, when the price is still below 25% of its all-time high. This figure previously rose to 45% at the end of June, when Bitcoin fell below $60,000.
Analyst Darkfost called this an extreme state of stagnation in the altcoin market. The data he provided shows prolonged weak pressure across many tokens, rather than being concentrated only in a few separate groups.
Darkfost also believes the market has fundamentally changed as the number of crypto assets being created has increased very rapidly. According to CoinMarketCap, there are about 53.5 million crypto coins, with 60,000 new tokens appearing every day.
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