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The Hong Kong Securities and Futures Commission released the "2025-26 Annual Report," showing that Hong Kong's capital market achieved significant growth across various asset classes in the past year, including investment funds, digital assets, and the stock market. Among them, the growth of tokenized investment products accelerated. As of March, the managed assets of 13 retail products approved by the Securities and Futures Commission increased nearly sixfold year-on-year, reaching HKD 10.8 billion. At the same time, the total market value of 11 virtual asset spot ETFs reached HKD 4.3 billion, a substantial increase of 90% since their launch in 2024, recognizing Asia's first Solana spot ETF. The trading volume of 12 licensed virtual asset trading platforms increased significantly by 125% within a year.

According to Coinglass data, if ETH breaks through $1,747, the cumulative short liquidation intensity on mainstream CEX will reach $896 million. Conversely, if ETH falls below $1,582, the cumulative long liquidation intensity on mainstream CEX will reach $775 million.

According to Coinglass data, if BTC falls below $59,608, the cumulative long liquidation intensity on mainstream CEX will reach $1.453 billion. Conversely, if BTC breaks above $65,812, the cumulative short liquidation intensity on mainstream CEX will reach $1.364 billion.

According to token unlock data from the crypto asset data platform RootData, Audiera (BEAT) will unlock approximately 21.25 million tokens at 9:00 AM Beijing time on July 1, worth about 48.24 million USD.

According to the token unlock data from the crypto asset data platform RootData, EigenCloud (EIGEN) will unlock approximately 38.35 million tokens at 5:00 AM Beijing time on July 1, worth about 9.51 million USD.

According to the token unlocking data from the Crypto asset data platform RootData, ZetaChain (ZETA) will unlock approximately 44.43 million tokens at 00:00 Beijing time on July 1, valued at about 1.66 million USD.

Sonic Labs released the latest progress update, announcing that the Fantom Opera network will continue to operate until at least the end of 2026, and will continue to provide funding support for the cross-chain bridge during this period.The team stated that this decision was based on community feedback, as there were previous plans to cease operations of Fantom Opera by the end of this month. Meanwhile, Sonic Labs announced a new management structure, appointing Matt Visser as CEO and Kosta Kourkoumelis as COO, and indicated that they will publicly disclose team member responsibilities in the future, gradually phasing out the unified "Contributor" label.In addition, the project team stated that they will begin to lift some restrictions on community accounts, allowing for the expression of normal critical opinions, while establishing dedicated communication channels for disclosure, support, feedback, and developer collaboration, and planning to launch a more comprehensive ticket support system and community engagement activities. The team indicated that they will regularly disclose operational progress in the future.

According to Cointelegraph, Ethereum is embroiled in a fierce governance debate over the source of core development funding. Last Friday, former Ethereum Foundation contributor Trenton Van Epps warned that as old support programs deplete and foundation expenditures shrink, the core development ecosystem could face a "slow-burning funding crisis" within three to nine months, requiring approximately $30 million annually to maintain over a dozen clients, research, and coordination teams.The core of the debate stems from the "validator redirect income" proposal put forward by Kleros co-founder Clément Lesaege, which suggests redirecting 0% to 10% of validator rewards to an ecosystem funding pool, estimated to generate about 50,000 to 70,000 ETH annually at current staking levels. This proposal has faced widespread opposition, with critics warning that it could entrench the power of large validators and blur the boundaries between operations and governance. Some community members previously countered that the foundation's funds are sufficient to operate for 30 years, but the foundation's actual decisions indicate that it is actively shrinking expenditures and pushing for diversified funding models.On Monday, a nonprofit organization called EthLabs was announced, initiated by five former Ethereum Foundation researchers, aiming to directly fund development through large ETH holders. On Tuesday, Ethereum founder Vitalik Buterin stated that the foundation is cutting its budget by about 40% according to established policies and has recently laid off 54 people.

Nate Geraci, president of ETF Store, posted on platform X that Atlas Capital, involving "Dr. Doom" Nouriel Roubini, is planning to launch digital tokens backed by ETFs listed in the United States. Nate Geraci cited relevant statements saying, "Bitcoin and other cryptocurrencies are not real currencies; we need better collateral, higher quality reserve assets, and more reliable value storage tools." Geraci believes that given Roubini's long-standing critical stance on cryptocurrencies, his involvement in launching products related to digital assets is of significant symbolic importance and is a noteworthy industry trend.

According to Coinglass data, if ETH breaks through $1,751, the cumulative short liquidation intensity on mainstream CEX will reach $1.039 billion. Conversely, if ETH falls below $1,586, the cumulative long liquidation intensity on mainstream CEX will reach $663 million.

According to Coinglass data, if BTC breaks through $65,942, the cumulative short liquidation intensity on major CEX will reach $1.779 billion. Conversely, if BTC falls below $59,738, the cumulative long liquidation intensity on major CEX will reach $1.305 billion.

According to Coinglass data, if ETH breaks through $1,737, the cumulative short liquidation intensity on mainstream CEX will reach $908 million. Conversely, if ETH falls below $1,577, the cumulative long liquidation intensity on mainstream CEX will reach $573 million.

According to Coinglass data, if BTC breaks through $65,413, the cumulative short liquidation intensity on mainstream CEX will reach $1.921 billion. Conversely, if BTC falls below $59,473, the cumulative long liquidation intensity on mainstream CEX will reach $1.188 billion.

According to Jinshi reports, the US dollar reached its highest level since November last year on Tuesday, as traders solidified their views on the Federal Reserve's interest rate hikes this year. Traders expect that by early 2027, the US will have conducted nearly two rate hikes of 25 basis points each. Jordan Rochester, a strategist at Mizuho International, stated that the dollar often strengthens before the Federal Reserve raises interest rates, and the market is actively discussing the possibility that the rate hike cycle may begin in September. Meanwhile, the euro fell to its lowest point in a year, and the yen continued to be under pressure.

According to CoinPost, Japan's national corporate pension fund plans to start investing in cryptocurrencies in the fiscal year 2026, with an allocation ratio of about 1% of its total operating assets (approximately 21.3 billion yen).The report states that the asset allocation ratio for the fiscal year 2025 is: 80% in yen, 15% in US dollars, and 5% in other currencies. However, in the fiscal year 2026, the yen allocation ratio will decrease to 70%, and a new 10% allocation will be made for currencies from developed countries. The remaining 5% will consist of emerging market currencies, gold, and cryptocurrencies.The main purpose is to diversify currency risk. The fund's executive director, Ai Yuki, stated that due to the potential weakening of the US dollar as a benchmark currency, they decided not to increase their holdings in US dollars and instead use cryptocurrencies like Bitcoin as a hedge against currency depreciation, as Bitcoin has a lower correlation with the US dollar index.After approximately six years of investigation, the fund has determined that the cryptocurrency market has matured as the investor base has expanded. In the future, the fund will continue to explore the possibility of expanding cryptocurrency investments, including funds for arbitrage trading of various cryptocurrencies.

Bitget announced a partnership with the U.S. licensed brokerage Atomic Vaults (AVS), which will provide underlying support for Bitget's recently launched U.S. stock direct connection service "Bitget U.S. Stocks." AVS is a registered broker-dealer with the U.S. SEC, a member of FINRA and SIPC, with a nominal monthly trading volume exceeding $20 billion, offering institutional-grade trading infrastructure and compliant access to the U.S. stock market.It is understood that Bitget's U.S. stock business has formed a dual-track layout. On one hand, it provides stock token (rToken) trading through the compliant RWA protocol Reality, and on the other hand, it offers real stock direct connection trading through AVS. This "tokenization + direct connection" dual-track model aims to meet the differentiated needs of different users regarding asset ownership forms and trading experiences, further consolidating its competitiveness in the multi-asset trading field.

According to Coinglass data, if ETH breaks through $1,744, the cumulative short liquidation intensity on mainstream CEX will reach $1.001 billion. Conversely, if ETH falls below $1,580, the cumulative long liquidation intensity on mainstream CEX will reach $412 million.

According to Coinglass data, if BTC breaks through $65,564, the cumulative short liquidation intensity on mainstream CEX will reach $1.895 billion. Conversely, if BTC falls below $59,492, the cumulative long liquidation intensity on mainstream CEX will reach $819 million.

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average down 0.66%, the S&P 500 down 1.6%, and the Nasdaq Composite down 2.3%. Storage concept stocks generally fell, with SanDisk opening down 11.3% and Micron Technology down 11.8%. SpaceX opened down 2.8%, marking the fourth consecutive trading day of decline, with a market value falling below $200 billion.