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According to Bits.media, Anatoly Aksakov, chairman of the Financial Market Committee of the State Duma of Russia, stated that the second and third readings of the criminal liability bill for illegal cryptocurrency transactions will be postponed until the new State Duma is reviewed. The reason is that the Duma's spring session will end on July 27, and there will be an election recess from August to September, with the Duma election voting ending on September 20. Therefore, the review will not resume until the autumn session at the earliest.The bill completed its first reading in early July, with a maximum penalty of 7 years in prison for organizing illegal cryptocurrency circulation. The relevant penalty provisions are proposed to officially take effect on July 1, 2027. Under the current regulatory framework, Russian citizens can only buy and sell cryptocurrencies through institutions holding a license from the Central Bank of Russia, and P2P and over-the-counter transactions may face criminal liability. Aksakov denied concerns that the bill would affect cryptocurrency exchanges and P2P users, stating that the related worries are "unfounded." Meanwhile, another Russian government initiative to strengthen state control over cryptocurrencies, the "Digital Currency and Digital Rights Law," has also been postponed, with the original timelines for implementation in July and September now missed.

According to monitoring by Catcher Predict, in the "Elon Musk Tweet Prediction" event on the prediction market Polymarket, the "Yes" option in the sub-market "140-159" has experienced a sharp fluctuation in winning probability, dropping from 38.5% an hour ago to the current 23.5% (a fluctuation of 15%). Please note the impact of related breaking news.

According to Coinglass data, if ETH breaks through $1,952, the cumulative short liquidation intensity on mainstream CEX will reach $975 million. Conversely, if ETH falls below $1,784, the cumulative long liquidation intensity on mainstream CEX will reach $517 million.

According to Coinglass data, if BTC breaks through $66,878, the cumulative short liquidation intensity on major CEX will reach $1.106 billion. Conversely, if BTC falls below $61,183, the cumulative long liquidation intensity on major CEX will reach $1.009 billion.

According to Coinglass data, if ETH breaks through $1,968, the cumulative short liquidation intensity on mainstream CEX will reach $1.043 billion. Conversely, if ETH falls below $1,789, the cumulative long liquidation intensity on mainstream CEX will reach $538 million.

According to Jinshi reports, the White House stated that President Trump will not allow Iran to launch attacks in the Strait of Hormuz without facing consequences. The United States can strike Iran at any time and in any place.

According to The Block, Multicoin Capital has invested $1.75 million in Trasia, completing its seed round financing. This is its first investment in the Hyperliquid ecosystem and makes it the sole investor in the startup.Trasia is built on the Hyperliquid platform and was co-founded by former Multicoin Capital partner Mable Jiang, aiming to serve Asian traders through its perpetual contract platform.

According to Coinglass data, if BTC breaks through $67,587, the cumulative short liquidation intensity on mainstream CEX will reach $1.245 billion. Conversely, if BTC falls below $61,263, the cumulative long liquidation intensity on mainstream CEX will reach $757 million.

According to official news, OneBullEx has launched U-based stock and index-related contracts such as QQQUSDT, NVDAUSDT, TSLAUSDT, AAPLUSDT, MUUSDT, WDCUSDT, and SPCXUSDT. The related products support both full margin and isolated margin models.This round of new products covers multiple key tracks in the global innovation industry. QQQ provides an overall perspective on large technology and growth sectors, with Nvidia, Micron Technology, and Western Digital corresponding to AI computing power, memory, and data storage infrastructure. Apple and Tesla cover smart terminals, automation, and energy technology, while the addition of SPCXUSDT extends the platform's global asset coverage to commercial aerospace, satellite connectivity, and space infrastructure.This new launch allows OneBullEx to increase its offerings of global technology companies and index-related products beyond cryptocurrency assets. OneBullEx stated that it will continue to expand global asset coverage around the development direction of AI-native financial exchanges and explore the long-term application of AI intelligent trading capabilities in more asset and market scenarios.

The Binance contract platform will launch the MUUUSDT perpetual contract on July 16, 2026, at 17:00, the SOXSUSDT perpetual contract at 17:05, and the TZAUSDT perpetual contract at 17:10, with a maximum leverage of 25 times.

According to OnchainLens monitoring, a certain trader, after accumulating a loss of 4.89 million USD, has once again heavily invested in long positions, currently holding 84 BTC long positions worth approximately 5.43 million USD, with a leverage of 40 times.The account also holds long positions in HYPE worth approximately 290,000 USD and long positions in PUMP worth approximately 148,000 USD. In addition, the trader has placed a limit buy order for 6.56 BTC, worth approximately 424,000 USD, with a limit price of 64,600 USD.

Robinhood Chain's Pons launchpad officially responded to previous reports regarding a token authorization vulnerability in its frontend, stating that the Pons launchpad trading page does not have any Multicall3 functionality. The Multicall3 functionality mentioned in the tweet comes from the previous version of the Debank Chain cross-chain bridge, which was launched before the Pons launchpad and does not affect launchpad users.Currently, the only confirmed affected asset is 0.6 NOXA tokens, valued at approximately $0.66. As a security precaution, Pons recommends that users who have used the old cross-chain bridge revoke token authorization through revoke.cash. The team is currently working with auditing firms to investigate potential risks and stated that they will restore Pons frontend services once it is confirmed that there are no actual vulnerabilities.

According to Coinglass data, if BTC falls below $61,915, the cumulative long liquidation intensity on major CEXs will reach $1.209 billion. Conversely, if BTC breaks above $67,763, the cumulative short liquidation intensity on major CEXs will reach $1.143 billion.

Aave V4 has been deployed to the Avalanche network, marking the first multi-chain deployment of the Aave V4 Hub & Spoke architecture. This deployment includes a core liquidity hub and three sub-markets: the main market supports lending of assets such as WAVAX, BTC.b, USDC, USDT, and WETH.e; the AVAX-related market focuses on AVAX liquidity staking strategies, allowing users to deposit sAVAX with a 95% collateral rate and borrow WAVAX; the foreign exchange market supports mutual collateralization and lending among three stablecoins: EURC, USDC, and USDT.The core liquidity hub adopts a shared liquidity pool design, with all sub-markets sharing the same pool to avoid liquidity fragmentation. Aave stated that since its deployment on Avalanche in 2021, the historical cumulative inflow for V2 and V3 has exceeded $15 billion, and the current stablecoin utilization rate in the V3 market is over 90%.

According to Coinglass data, if ETH falls below $1,830, the cumulative long liquidation intensity on mainstream CEX will reach $1.373 billion. Conversely, if ETH breaks above $2,020, the cumulative short liquidation intensity on mainstream CEX will reach $397 million.

Multicoin Capital Managing Partner Tushar Jain shared in detail his valuation logic and investment framework for HYPE during the "When Shift Happens" podcast. He believes that HYPE is currently severely undervalued, with a benchmark valuation of $319, and recommends a pragmatic accumulation strategy to cope with volatility.Tushar candidly stated that trying to precisely time the market is nearly impossible. The recommended framework is: the first third: buy immediately (enter the market right away); the second third: invest according to a fixed schedule (for example, in batches over 1-2 months); the third third: increase positions opportunistically when prices dip. This method can significantly reduce psychological burden while achieving a good average cost when optimistic about the long-term prospects of the asset.Tushar's valuation model is based on four relatively conservative assumptions: the trading volume of crypto derivatives will maintain a 35% annual compound growth rate over the next two years; the DeFi derivatives market share will increase to 32%; the USDC collateral balance will grow in sync with trading volume; and the "false prosperity" currently created by some projects relying on subsidies will disappear after the subsidies are withdrawn, leading to an increase in Hyperliquid's true market share. Even with these conservative assumptions, HYPE's current price still has significant upside potential, possibly exceeding $600 in some optimistic scenarios.Tushar believes that Hyperliquid is far more than just a rapidly growing perpetual contract platform; it is expected to become a core part of crypto financial infrastructure.

Elon Musk stated that after completing the security vulnerability review, X will open source all code repositories without exception. In addition, X will invite third-party auditors to verify the actual operating system to confirm its consistency with the publicly available source code.

According to official news, Gate announced the launch of the interest-earning feature for stock and CFD account assets, allowing users to earn automatic returns on eligible idle USDT and USDx in their accounts while participating in stock trading, IPOs, and CFD trading. This feature uses a tiered interest mechanism, matching interest levels based on the USDT balance in the stock account and the USDx balance in the CFD account. A single account balance exceeding 1,000 USDT or USDx can participate in interest calculation, with a reference annualized return rate of up to 3.00%.

According to Coinglass data, if BTC falls below $61,379, the cumulative long liquidation intensity on mainstream CEX will reach $1.71 billion. Conversely, if BTC breaks above $67,811, the cumulative short liquidation intensity on mainstream CEX will reach $1.118 billion.