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After Metaplanet (3350.T) completed the acquisition of Siiibo Securities, it launched Metaplanet Securities, providing BTC-backed credit instruments for Japanese investors.BTC-backed credit is on the rise.

According to the second quarter industry report from the Australian cryptocurrency exchange Swyftx, the global gig and freelance payment market is expected to reach $2.1 trillion by 2033, with AI-native practitioners contributing $775 billion.Under the assumption of approximately 33% adoption rate, Swyftx's benchmark model predicts that $262 billion of this will be settled through stablecoins. Swyftx's Chief Market Analyst Pav Hundal stated that micro-enterprises with fewer than five people are becoming the fastest adopters of AI, giving rise to a group of independent entrepreneurs operating cross-border and invoicing at high frequencies, currently numbering about 6 to 10 million globally, expected to increase to 17 million within a decade.Traditional cross-border payment fees are high and settlements take several days, while transferring stablecoins via Ethereum Layer 2 networks can reduce costs by 80% to 90%. Swyftx added that if the predictions come true, the institutional settlement layer providing off-exchange liquidity, custody, and yield services for these payments could capture up to $1.3 billion in new revenue by 2033. The market capitalization of stablecoins has doubled in the past two years, with June trading volume reaching a historic high of $1.79 trillion.

Token Pocket's Chief Business Officer Michael stated that the mnemonic phrase of the Robinhood founder was leaked during a live broadcast. After hackers gained control of the address, they used that address and associated addresses to buy a large amount of the Meme coin at $1, prompting thousands of investors to follow suit, rapidly increasing the market value of the token from about $500,000 to $14 million in a short period.Subsequently, the price of the $1 token fell sharply, with a trading volume of about $20 million within just two hours. After the related addresses were frozen, the hackers quickly moved to the BNB Chain (BSC), using that address and its associated addresses to issue new tokens, and created trading hype through self-buying and selling, ultimately executing a sell-off to cash out. Robinhood's RPC has frozen that address, and nodes do not allow transactions sent from that address to be packaged, so transfers and trades cannot be conducted.

Bitget launches the "Flash Football Cup" contract trading event, which runs from July 13 to July 20. During the event, users who complete the specified contract trading volume tasks can receive corresponding USDT rewards; if users reach the specified threshold of cumulative contract trading volume within 72 hours after registration, they can also receive an additional viewing-related gift.In addition, users who complete tiered trading volume tasks can earn points, which can be used to redeem World Cup-related physical merchandise and USDT rewards. The physical prize pool includes signed jerseys from stars like Cristiano Ronaldo, Lionel Messi, Erling Haaland, and Luka Modrić, as well as special edition collectibles from Wuliangye and Labubu.

According to SoSoValue data, the cryptocurrency market sectors showed mixed results, with the NFT sector rising 4.50% in 24 hours, among which, Audiera (BEAT) rose 15.29%; the AI sector rose 0.84%, and Billions Network (BILL) rose 24.00%.Other notable sectors include: the CeFi sector rose 0.19%, with Cronos (CRO) rising 0.48%; the Layer1 sector rose 0.03%, with Zcash (ZEC) rising 4.02%; the DeFi sector rose 0.42%, among which DeXe (DEXE) rose 26.88%.In other sectors, the PayFi sector fell 0.59%, but eCash (XEC) rose 10.64%; the Meme sector fell 0.61%, while Pump.fun (PUMP) rose 6.57% against the trend; the Layer2 sector fell 0.94%, with Stacks (STX) falling 4.54%; the SocialFi sector fell 1.98%, with Chiliz (CHZ) falling 2.91%.The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiCeFi, and ssiLayer1 indices rose 1.52%, 0.57%, and 0.54% respectively.

According to BBX data, last week the completion of the most significant contract for Bitcoin mining company AI transformation was announced, and data on the market performance of crypto-listed companies post-IPO further reveals the industry's valuation dilemma. The core dynamics are as follows:TeraWulf Inc. (NASDAQ: $WULF) disclosed last week through SEC 8-K that the company signed a 20-year AI infrastructure lease with AI leader Anthropic (privately held) ------ the lease subject is TeraWulf's Justified Data campus located in Hawesville, Kentucky, totaling approximately 401 megawatts of IT critical load, expected to generate about $19 billion in contract lease revenue during the initial 20-year lease term (supported by expected investment-grade credit), with the first capacity expected to be delivered in H2 2027, and full capacity of 401MW expected to reach production by early 2028. On the same day, TeraWulf sold its 50.1% stake in the AI data center JV in Abilene, Texas (168MW), with the buyer being a consortium of investors led by Fluidstack, for a total consideration of approximately $530 million (in three phases: $250 million down payment within 14 days, $150 million by the end of 2026, and about $130 million by the end of April 2027), realizing a premium on the original $450 million investment, with the proceeds reinvested into TeraWulf's wholly-owned AI infrastructure projects. CEO Paul Prager: "This milestone collaboration demonstrates our ability to provide large-scale, power-secure infrastructure for top AI clients." $WULF rose over 16% during the day, and after the announcement, several institutions raised their target prices: BofA (Buy, $34), Citi (Buy, $36), Needham (Buy, $33, up from $28), Rosenblatt (Buy, $30), with the average price from Wall Street analysts exceeding $33; the company's stock price has risen over 80% year-to-date, with Benzinga assessing the momentum score at 98.06 (extremely strong).According to INN data from July 8, BitGo Holdings (NYSE: $BTGO) has fallen about 77% since its listing at $22.43 in January 2026, becoming one of the worst performers in this round of crypto IPOs, marking a systemic downturn in the market for crypto asset companies post-IPO; during the same period, Bullish (NYSE: $BLSH) has dropped about 71% from its listing price of $90 in August 2025, eToro Group (NASDAQ: $ETOR) has fallen about 42% from its listing price in May 2025, Figure Technology Solutions (NASDAQ: $FIGR) has decreased about 14%, and only Circle Internet Group (NYSE: $CRCL) has dropped about 6% since its listing in June 2025, showing the smallest decline. The continued weak market performance has substantially frozen the pipeline for subsequent crypto IPOs: Kraken's parent company Payward suspended its listing process this spring, and Grayscale, Consensys, and Ledger have all postponed their IPO plans until market conditions improve.

According to Caixin, the case involving Qian Zhimin and 60,000 bitcoins held a three-day hearing from July 7 to 9, 2026. In the next phase, the focus of the case will gradually shift to evidence and tracing of assets, with substantive hearings expected to begin gradually after October this year.The court will focus on: 1. How the RMB investment funds entered Lantian Ge Rui and related accounts; 2. How the funds were gathered, transferred, and exchanged; 3. Which funds have a provable connection to the bitcoins seized in the UK; 4. The losses, repayments, and existing compensation situations of each applicant; 5. What specific property relationship exists between individual investors, Lantian Ge Rui, and the bitcoins involved in the case. Analysts believe that after the legal dispute was applied in July this year and the judge made a ruling, the case will gradually shift from "what law to judge by" to "whether the evidence can prove the rights."

According to OnchainLens monitoring, a Bitcoin whale that has been dormant for seven years has awakened. This address has held 2,931 Bitcoins (worth approximately $188 million) since the BTC price was around $6,500 and has remained inactive since then.Now, this holding has increased tenfold.

Several individuals familiar with the discussions on the "Digital Asset Market Structure Act" have stated that U.S. lawmakers plan to release an updated version of the cryptocurrency market structure bill this week. The new text combines the provisions previously approved by the U.S. Senate Banking Committee and the Agriculture Committee, and was negotiated by the two committees on multiple terms.

According to monitoring by Lookonchain, a certain trader lost 4.4 million dollars on SKHX and, after failing to profit from two long trades, has turned to going long on NVDA. The address opened a 3x leveraged long position, purchasing 96,251 xyz:NVDA (worth approximately 20.22 million dollars).

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated on the X platform that innovators and market participants in the cryptocurrency industry need clear regulatory expectations, and the CLARITY Act will establish a comprehensive regulatory framework for digital assets. The future development of the U.S. cryptocurrency market requires a certain regulatory environment, and the CLARITY Act can provide "forward-looking" regulatory rules for digital assets. If the U.S. wishes to maintain its position as a global cryptocurrency hub, this bill is "legislation that must be passed."The CLARITY Act aims to further clarify the division of regulatory responsibilities in the digital asset market and establish a systematic framework for cryptocurrency asset trading, market structure, and regulatory authority. Supporters believe that the bill helps reduce regulatory uncertainty and promotes the development of businesses and capital in the U.S. market. Mike Selig has previously emphasized the need for clear and enforceable regulatory rules to support digital asset innovation while ensuring market safety and investor protection. This statement further reflects the trend of U.S. regulatory agencies pushing for clearer rules in the cryptocurrency industry.

According to monitoring by Lookonchain, a certain whale closed a long position in HYPE held for two months, incurring a loss of 4.52 million USD, and then immediately shorted 283,948 HYPE (approximately 19.34 million USD) at 10 times leverage.

According to The Block, Binance Co-CEO Richard Teng stated at the Reuters NEXT Asia summit in Singapore that after Binance suspended services to some EU users, about 70% of users' withdrawal assets flowed to self-custody wallets, with only 30% transferred to licensed platforms that comply with MiCA regulatory requirements.Richard Teng indicated that this data raises questions about the regulatory goals of MiCA. He pointed out that self-custody wallets are not subject to the anti-money laundering (AML) and KYC regulatory frameworks of regulated trading platforms, and the risk may actually increase once user assets are transferred to self-custody.Previously, Binance proactively withdrew its application for a MiCA license in Greece after it failed to be approved before the July 1 transition deadline, and suspended related services to affected EU users. Richard Teng stated that Binance has not given up on the European market, and several EU countries have invited it to reapply for local licenses, although he did not disclose specific countries.In addition, Richard Teng mentioned that Binance plans to continue accelerating its expansion in the Asian market, having already obtained relevant licenses or permissions in markets such as Japan, South Korea, Thailand, Indonesia, Australia, India, and Pakistan, and expects to gain more regulatory approvals this year. Currently, Binance's global user base has increased to approximately 323 million.

According to Lookonchain, a trader claimed to have missed ANSEM, CZ, and TCC, but successfully bought CASHCAT. He had sold 20 million CASHCAT early on, only earning $2,803, and later calculated that he missed out on about $3.6 million.He then repurchased 7.7 million CASHCAT and currently still holds 906,000, with a market value of about $162,000. His cumulative profit on this token is approximately $396,000.

According to the Nikkei News, Japan's Minister of Finance and Financial Services, Katsuyuki Katayama, stated during the opening ceremony of the "OpenQUICK 2026" seminar hosted by the financial information service organization QUICK that, in the context of the ongoing expansion of overseas cryptocurrency ETF trading, he hopes to promote research related to lifting the ban on cryptocurrency asset ETFs in Japan.Japan is currently advancing legislative work to incorporate cryptocurrencies into the regulatory framework of the Financial Instruments and Exchange Act.

The cross-chain interoperability platform Relay Protocol has issued a warning, stating that since the launch of the Ethereum Layer 2 network Robinhood Chain based on Arbitrum on July 1, a large number of honeypot scam tokens have emerged. After users purchase these tokens, they automatically disappear from their wallets, and the funds cannot be recovered. Relay Protocol clarified that this is not due to a breach of wallet infrastructure; users' private keys and other assets remain secure, and the malicious logic exists only within the scam token contracts themselves.The typical operation of honeypot tokens allows users to buy in but prevents selling through hard-coded rules, or automatically transfers funds to the attacker's wallet. Some users have reported that a certain token contract uses hidden storage mappings to bypass standard ERC-20 security checks to steal assets.Relay Protocol stated that it is blocking discovered scam tokens and verifying safe tokens, advising users to only trade tokens verified by trusted sources, to verify contract addresses before trading, and to test with small amounts of funds first. The platform pointed out that attracting scammers in the early stages of a new chain launch is not an issue unique to Robinhood Chain; similar situations have occurred with other L1 and L2 chains upon their launch.

The Hyperliquid Policy Center (HPC) and the wallet service provider Phantom submitted a joint opinion to the Commodity Futures Trading Commission (CFTC) calling for a clear delineation of the roles of "infrastructure developers" and "regulated financial service providers" in on-chain markets.The two parties suggested to the CFTC: first, to confirm that merely releasing on-chain protocol software does not constitute a regulated activity requiring registration, to avoid developers being viewed as unregistered exchanges or clearinghouses; second, to provide a compliant pathway for existing licensed exchanges and clearinghouses to engage in matching and clearing using on-chain infrastructure; third, to elevate the previous "no-action letter" regarding Phantom's "non-custodial wallets not being financial intermediaries" to formal rules, providing a unified and predictable regulatory framework for similar wallets.

According to The Block, the U.S. Supreme Court ruled 6 to 3 in favor of Trump's right to replace the leaders of several independent federal agencies, including the FTC, excluding the Federal Reserve, strengthening the president's control over personnel in regulatory agencies.As this ruling comes out, the SEC and CFTC are advancing a new round of regulatory rules for crypto assets, including rule revisions, exemptions, and the allocation of responsibilities regarding digital assets. Currently, the SEC is led by three Republican commissioners, while the CFTC has only its chairman, Michael Selig, in office.Former CFTC officials and industry insiders have stated that the reduction in the number of commissioners may weaken internal negotiations and the robustness of rules, and may also make rules under a single commissioner more susceptible to being rewritten or abolished in future administrations. However, as long as they comply with their respective authorizing statutes and the Administrative Procedure Act, the relevant rules still have legal effect.

According to Arkham monitoring, SpaceX marked an address for the first time in 6 months with an on-chain Bitcoin transfer. Data shows that a wallet controlled by SpaceX sent a small BTC test transaction to a wallet controlled by another company.Arkham stated that such small test transfers sometimes occur before companies make larger-scale treasury asset movements, but it does not necessarily indicate that a large transfer will follow. Currently, there are no signs that SpaceX has begun to adjust its Bitcoin reserves.