analysis

According to on-chain research conducted by Dune Analytics for the DEX aggregator 1inch, an average of 85% of concentrated liquidity funds in decentralized exchanges were underutilized in the first half of 2026, with 29.5% completely outside the active price range, resulting in approximately $542 million in idle funds each week.Dune estimates that liquidity providers outside the range lose about $150 million in fee income annually. The study covers around 200 of the most active pools on Uniswap v3, PancakeSwap v3, Aerodrome Slipstream, and Uniswap v4, spanning seven chains with a total of 26 weekly snapshots, with an average TVL of approximately $1.84 billion.Data shows that idle funds are mainly concentrated in personal wallets, and automated management tools and bots tend to keep positions within the range. On Base Uniswap v3, personal accounts account for 82% of idle funds. About one-third of idle funds have not been adjusted for over 90 days. Dune attributes the main cause of idleness to asset pairs and their volatility rather than the trading platform, even though about 30% of stablecoin pairs are also outside the range.

According to a report by The Block, a study commissioned by 1inch and conducted by Dune found that approximately 85% of concentrated liquidity in decentralized exchanges such as Uniswap v3, Uniswap v4, PancakeSwap v3, and Aerodrome Slipstream is not effectively utilized. The research analyzed the performance of nearly 200 active liquidity pools across 7 chains in 26 weekly snapshots, tracking an average liquidity of about $1.84 billion per week, of which approximately $1.6 billion is in an inefficient state.Specifically, on the Uniswap v3 platform, among the liquidity that has deviated from the market-making price range, 44.5% has not been adjusted for more than 90 days, making it the platform with the highest proportion in this study; in contrast, Aerodrome has a ratio of about 20%, with 58% of idle funds having been adjusted within the last 30 days.Additionally, only about 35% of idle funds are located within 5% of the market price, approximately 43% deviate from the market price by more than 25%, and another 17% deviate by more than 100%. In terms of fund size, positions exceeding $1 million hold about 47% of idle funds, amounting to approximately $260 million.

According to the official announcement, Huobi HTX will hold a themed live broadcast today at 20:00 titled "Ceasefire Ended, Oil Prices Soaring Above 75, STRATEGY's First Loss in Selling Coins: Can BTC's Macroeconomic Narrative Hold Up?" At that time, crypto KOLs such as Huabai Blockchain, Honest Little Taoist, Crypto.0824, and OxPink will gather in the live broadcast room to engage in in-depth discussions on recent market hotspots such as the repeated situation in the Middle East and the strong upward trend of international oil prices. They will also analyze BTC's future trends and opportunities and risk management strategies for crypto asset allocation in conjunction with expectations of Federal Reserve policies, providing investors with multi-dimensional market observations and trading ideas.

According to official social media news, Huobi HTX will hold a live broadcast today at 20:30 on the theme "The First Major Test of AI Chip Faith: SK Hynix ADR Three-Day Tour, From a Surge of 13% to a Circuit Breaker in Korean Stocks."At that time, crypto KOLs such as MEJ, 77, the Sincere Little Taoist, and Qiwen will be invited to attend, discussing the severe fluctuations in the stock price of SK Hynix ADR after its listing, whether the high valuation logic of the AI chip sector will face its first pressure test, and exploring future investment opportunities in the AI computing power industry chain. They will also analyze the next stage of trading themes in the AI narrative in conjunction with global tech stock trends and the rotation of funds in the crypto market for investors.

According to Cointelegraph, the launch of Robinhood's Layer 2 network, Robinhood Chain, has boosted market sentiment towards Ethereum. The network uses ETH as its native Gas token, and approximately $141 million worth of ETH has been bridged to the chain.Reports indicate that there are now over 500,000 wallet addresses holding ETH on the network. In the past 24 hours, the DEX trading volume on Robinhood Chain reached $877.56 million, surpassing Ethereum L1 and competitor Base. As an on-chain extension of the traditional financial trading platform Robinhood, it offers tokenized stock services to customers in 120 countries, further strengthening the EVM-compatible ecosystem.

According to CoinDesk, the stablecoin market experienced its largest correction in recent years in June, with a total market value decrease of $7.7 billion, marking the largest monthly decline since the Terra-Luna collapse in May 2022.Since the peak in May, the stablecoin market has shrunk by approximately $10 billion, with two major stablecoin issuers being the main driving factors behind this round of correction: the market value of USDT issued by Tether has dropped from about $190 billion in May to $184 billion, a decrease of about $6 billion; USDC issued by Circle has fallen from a high of nearly $80 billion in March 2026 to about $73 billion, shrinking by about $7 billion.However, compared to the cumulative decline of over 26% in the stablecoin market during the crypto winter of 2022, this round of adjustment is still relatively mild. Wall Street institutions remain optimistic about the long-term prospects of stablecoins, with Citigroup previously estimating that the global stablecoin market could reach $1.9 trillion under a baseline scenario by 2030, and could rise to $4 trillion under an optimistic scenario.

According to CoinDesk, in just the month of June, the U.S. spot Bitcoin ETF saw a net outflow of $4 billion, led by BlackRock's IBIT, as funds shifted towards opportunities in AI trading and the SpaceX IPO. Bitcoin fell about 14% in the second quarter, dropping below $60,000, marking its third consecutive quarter of losses. However, this outflow pales in comparison to the $2 trillion private credit market. Redemption requests in private credit reached $15.6 billion in the second quarter, with 10 out of 16 business development companies exceeding the 5% quarterly cap, and most investors receiving only partial payouts. Fitch expects redemptions to continue in the coming months, and unmet requests will keep several companies under pressure.Bitcoin ETFs have strong liquidity, and outflows directly impact BTC prices; in contrast, private credit BDCs are illiquid long-term instruments. The simultaneous redemptions of both reflect widespread market concerns about liquidity and risk. The energy market is also sending signals of risk aversion, with the U.S. Strategic Petroleum Reserve at its lowest level since 1983. QCP Capital summarized: "Different sectors, same pattern: the market's buffer space is narrowing." It pointed out that the Strategic Petroleum Reserve has bottomed out, Strategy has sold BTC for the first time to pay dividends, and private credit redemptions have surpassed thresholds, all indicating that risk assets face a more challenging environment.

Blockchain analysis company Elliptic announced that it has received a strategic investment from Circle Ventures. Previously, the company completed a $120 million Series D funding round in May this year, led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank.At the same time, Circle officially joined Elliptic's Agentic Design Partner Program, which brings together infrastructure providers, compliance agencies, and technology teams to collaboratively develop compliance solutions for AI agents. Elliptic pointed out that AI agents are different from traditional bots, as they can autonomously set goals and make independent decisions. Their operational speed and scale have far exceeded the carrying capacity of human compliance systems, necessitating specialized solutions to address this.

According to Fortune, DeFi asset management and risk analysis company Gauntlet has completed a $125 million financing round, exclusively invested by Japanese financial group SBI Holdings. The financing was completed in June of this year, and the specific valuation has not been disclosed.This is Gauntlet's largest financing round since its establishment in 2018, far exceeding its $24 million Series B financing round led by Ribbit Capital in 2022, which had a valuation of $1 billion.Gauntlet was founded by former Wall Street quantitative trader Tarun Chitra, initially focusing on providing stress testing and vulnerability analysis services for DeFi protocols. As the DAO governance model declined, it gradually transformed into a "vault curation" business—evaluating yield strategy risks through quantitative analysis to help institutional investors manage digital asset allocation. Its current clients include asset management giant Apollo, Coinbase, and stablecoin issuer Circle.

Gate recently released a detailed verification statement regarding the security item changes and fund loss incident reported by customer 9****6. After an internal review, the platform confirmed that the applicant submitted materials highly matching the customer's account, including Email, phone number, real-name information, transaction records, and Alipay screen recordings. The platform pointed out that the Alipay screen recording required access to the customer's Alipay account and successfully passed multiple identity verifications, indicating that the applicant not only possessed account information but also obtained the customer's external real-name information, Alipay account, and device permissions in advance.The platform emphasized that its security unbinding review implements a four-fold verification process of "multi-channel advance notification + system risk control preliminary screening + manual multi-layer review + time protection." After notifying the customer through dual channels, the application was processed only after waiting two days without objections, and a 24-hour withdrawal prohibition protection was imposed after modification. Upon investigation, there were no information leakage logs within the platform, and some sensitive identity information provided by the applicant was external information previously unknown to the platform.Regarding fund recovery, the platform has sorted out the flow of funds and collaborated with multiple departments to conduct on-chain analysis and asset tracking, currently coordinating with third parties like Tether to advance the freezing process, and will cooperate with judicial investigations in the future. The platform advises customers to conduct comprehensive security reinforcement on their devices and expresses regret that the customer did not contact the platform within the three-day notification period.

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.

According to Cointelegraph, the U.S. stock market has grown by 68% over the past five years, adding about $6 trillion in market value this year, with 58% of Americans holding stocks. Analysts warn that if the stock market experiences a significant correction, the Federal Reserve may break decades of precedent by supporting the market through methods such as purchasing stock ETFs.Alvin Kan, Chief Operating Officer of Bitget Wallet, stated that once the Federal Reserve intervenes (by lowering interest rates, expanding the balance sheet, or even purchasing ETFs), the cryptocurrency market typically enters a medium to long-term upward trend in its history, due to the restoration of risk appetite and the flow of funds back into high-beta assets. Tim Sun, a senior researcher at HashKey, pointed out that the macro pricing of crypto assets is still linked to U.S. dollar liquidity, real interest rates, and stock market risk sentiment. Once the market is convinced of a policy bottom, the risk premium for high-volatility assets will compress, benefiting Bitcoin and mainstream crypto assets.

CryptoQuant analyst Darkfost stated that currently about 40% of altcoins are near historical lows. Indicators show that the prices of these tokens have fallen within 25% above their historical lows, reflecting that the altcoin market is in an extremely weak state.Darkfost noted that when Bitcoin fell below $60,000 in late June, this ratio once rose to 45%. The latest data shows that this ratio is approximately 39.9%.He also pointed out that the current market environment has changed significantly. CMC statistics indicate that there are about 53.5 million existing cryptocurrencies, and approximately 60,000 new tokens are still emerging daily. In the absence of strong incremental liquidity, most cryptocurrencies will face the risk of failure.

According to a report by Cointelegraph, the latest data from Dune Analytics shows that in the first half of 2026, USDT completed approximately $95 billion in commodity payment settlements, far exceeding USDC's $14 billion; in the business-to-business (B2B) payment sector, USDT accounted for as much as 92%. On Tron, the largest network for USDT, about 93% of the token supply is held in regular wallets.In contrast, USDC has a significant advantage in the DeFi sector, with USDC processing approximately $2.6 trillion in transfers on the Base network in June, while the Ethereum network processed about $1.6 trillion. Currently, USDT and USDC together account for 83% of the total stablecoin market, which has a market value of approximately $315 billion.

According to Bitcoin Magazine, SpaceX officially joined the Nasdaq 100 Index on July 7, after the company disclosed that its balance sheet holds 18,712 bitcoins. JPMorgan estimates that this index rebalancing will drive approximately $4.3 billion in passive inflows into funds and ETFs that track the Nasdaq 100. This means that through corporate treasury channels, institutional capital has gained structural exposure to bitcoin.After SpaceX's inclusion, the number of companies holding bitcoin in their treasury within the Nasdaq 100 has increased to three (SpaceX, Tesla, and Strategy). Analysts point out that the inclusion in the index creates demand driven by rules rather than active allocation, and the combination of bitcoin holdings with strong fundamentals can enhance a company's market visibility and liquidity. Currently, publicly listed companies collectively hold over 1.26 million bitcoins, and corporate bitcoin strategies are shifting from early experimentation to integration with mature financial infrastructure.

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.