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According to Jinshi reports, Federal Reserve's Logan stated that the downside risks to employment have diminished, while inflation risks are mainly focused on the upside.

The FATF released a report stating that criminals are increasingly using stablecoins for illegal financial activities, calling on countries to accelerate the implementation of cryptocurrency anti-money laundering standards.

Cryptocurrency trading and liquidity service provider Cumberland announced on platform X that its Singapore subsidiary Cumberland SG Pte. Ltd. has obtained the MPI license issued by the Monetary Authority of Singapore (MAS), allowing it to provide Digital Payment Token (DPT) services and cross-border money transfer services.

According to The Block, a federal grand jury in the United States has indicted South Dakota cryptocurrency investor Benjamin Paul Wiener on 29 counts, including telecommunications fraud, money laundering, bank fraud, and aggravated identity theft.

U.S. asset management giant T. Rowe Price announced the launch of an actively managed cryptocurrency ETF $TKNZ, providing investors with exposure to various digital assets. The ETF portfolio includes cryptocurrencies such as Bitcoin ($BTC), Ethereum ($ETH), XRP ($XRP), Solana ($SOL), and Hyperliquid ($HYPE).Unlike traditional passive cryptocurrency ETFs, TKNZ employs an active management strategy, allowing fund managers to dynamically adjust the asset allocation based on market conditions, asset performance, and risk factors, aiming to capture opportunities in the digital asset market and control volatility risk. T. Rowe Price's entry into the actively managed cryptocurrency ETF space further reflects that large asset management firms on Wall Street are accelerating their layout of digital asset investment products. As spot Bitcoin and Ethereum ETFs gain market recognition, the demand from institutional investors for multi-asset cryptocurrency investment tools is continuing to rise.

Crypto journalist Eleanor Terrett posted on the X platform that the U.S. Senate yesterday passed a resolution by unanimous consent, stating that FTX founder Sam Bankman-Fried should not receive a presidential pardon.The resolution was introduced by Senators Ruben Gallego and Cynthia Lummis, formally recording the Senate's political statement opposing the pardon for SBF.However, the resolution is not legally binding, so it will not prevent the U.S. President from pardoning SBF in the future, nor does it have any direct impact on his current legal situation.

Polygon CEO Marc Boiron stated on the X platform that the company is in the final stages of completing the acquisition of Coinme, and will subsequently integrate the relevant teams into Polygon Labs. As part of achieving the profitability goal for 2027, the company has initiated layoffs and is advancing broader mergers and organizational adjustments.Marc Boiron mentioned that Polygon Labs is transitioning from a blockchain foundation-type organization to a blockchain payment company, with the relevant adjustments primarily focusing on organizational structure and talent needs. He also stated that the company's current revenue performance is strong, with stablecoin business volume continuously breaking records, and that compensation and support will be provided to affected employees.

According to PR Newswire, AI computing power energy infrastructure Bloom Energy announced a massive project investment of $1.7 billion, with participation from Industrial Development Funding (IDF) and asset management giant Oaktree.It is reported that Bloom Energy will provide exclusive "behind-the-meter power" capabilities for AI cloud computing company Nebius to meet the growing demand for AI computing power.

According to Jinshi, the number of people continuing to claim unemployment benefits in the U.S. for the week ending July 4 was 1.805 million, lower than the market expectation of 1.815 million.The previous value was revised from 1.814 million to 1.821 million.

According to Jinshi, the number of initial jobless claims in the United States for the week ending July 11 was 208,000, expected to be 217,000, and the previous value was revised from 215,000 to 216,000.

According to Magzter, the Indian Enforcement Directorate conducted searches at 19 locations from July 10 to 11 in a money laundering investigation involving online investment fraud and "work from home" scams, including 16 locations in Tamil Nadu, 2 in Kerala, and 1 in Srinagar.During the operation, approximately 335 million rupees in cryptocurrency, 145,000 rupees in cash were seized, and over 400,000 rupees in bank accounts were frozen, while documents, electronic devices, and bank records were confiscated.

The domestic DRAM storage chip leader Changxin Technology (688825) has officially opened for new stock subscription. Due to the large issuance scale, this new stock offering has rarely seen a "sunshine market" trend. Institutions predict that the online winning rate will soar to 0.3% to 0.7% (with a neutral expectation of about 0.45%), reaching 10 to 20 times that of ordinary Sci-Tech Innovation Board new stocks. Calculations show that the probability of winning for a single account with an average market value of 200,000 in the Shanghai market is as high as about 18%, and theoretically, an average market value of 1 million can reliably secure 1 winning ticket.The issuance price of the stock is 8.66 yuan per share, and to secure one winning ticket (500 shares), a payment of 4,330 yuan is required. The official winning rate and results will be disclosed on July 17 and July 20 (Monday) respectively, and winners must ensure sufficient funds in their accounts by 16:00 on the 20th. Various institutions have given a neutral expectation, as Changxin Technology's market value is expected to reach 2 trillion to 3 trillion yuan after listing, with the profit margin for a single winning ticket expected to be around 20,000 yuan.If Changxin Technology fully exercises the green shoe mechanism, the total fundraising amount will reach 66.607 billion yuan, setting a new record for the largest IPO on the Sci-Tech Innovation Board, and it will also become the third largest IPO in A-share history. Financial data shows that the company has fully turned a profit, with expected operating revenue in the first half of 2026 reaching 110 billion to 120 billion yuan, and net profit attributable to the parent company reaching 50 billion to 57 billion yuan. The total amount of this strategic placement exceeds 14.4 billion yuan, successfully attracting social security funds, pension funds, as well as 30 major industry terminal giants such as Alibaba Cloud, Tencent, Meituan, and Xiaomi.

Gate officially released the June 2026 Wealth Management Monthly Report, providing a comprehensive review of the June cryptocurrency market trends and the performance of platform wealth management products. The report shows that the cryptocurrency market continued its downward trend in June, with both BTC and ETH recording a monthly decline of about 20%. Market funds leaned more towards caution and risk aversion; the total market capitalization of the cryptocurrency market dropped from approximately $2.30 trillion to $2.17 trillion. Continuous outflows of institutional ETF funds weakened the marginal buying pressure on BTC and became one of the important factors for its breach of key support and the weakening of market sentiment, with overall risk appetite significantly cooling compared to the previous period.In terms of product performance, the overall scale of Yubi Treasure remained stable in June, fluctuating narrowly in the range of 1.5 to 1.6 billion USDT; the total issuance of GUSD decreased from about 191.9 million at the beginning of the month to about 182.3 million at the end of the month, with the annualized yield maintaining at 2.8% to 3.0%, reflecting strong stability. Among advanced products, the Gate dual-currency investment low-buy strategy with a 0-day term achieved an APY of 295%, significantly higher than the market average of 166%; the Gate quantitative fund continued to exhibit stable returns and low drawdown characteristics, with the "Interstellar Hedge (USDT)" cumulative return leading at 18.7%. With the acceleration of stock allocations following the listing of Korean stocks, by the end of June, Korean stocks accounted for about 75% of the overall holdings, with the top ten holdings focusing on global semiconductor and technology growth assets, with SK Hynix ranking first. The report suggests that in a volatile market, stable returns, quantitative strategies, and diversified asset allocation remain important directions for wealth management. Gate will continue to provide users with multi-layered asset allocation and yield enhancement tools to help investors seize structural opportunities and improve asset management efficiency in a volatile market.

The global stablecoin payment infrastructure platform WasabiCard, in collaboration with WIDTH, held the CCO Leadership Edition compliance high-end exchange event in Hong Kong. WasabiCard CMO Jack Derong gathered with executives and experts from the fields of digital assets, payments, fintech, and regulatory compliance in Hong Kong to engage in in-depth discussions on topics such as the evolution of global regulations, the development of stablecoin payments, and corporate compliance practices.As Hong Kong's Web3 ecosystem continues to develop and the digital asset regulatory framework becomes increasingly refined, stablecoin payments are ushering in new development opportunities. With the continuous improvement of compliance requirements surrounding the HKMA stablecoin licensing system, Travel Rule, AML, KYT, and others, companies are increasingly focused on how to build payment infrastructure that combines global payment capabilities, risk management capabilities, and compliance capabilities to achieve the scalable implementation of stablecoin payments.WasabiCard believes that the future competition in stablecoin payments will hinge on whether companies possess the infrastructure capabilities to cover global compliance, risk management, and cross-border payment networks, rather than just payment efficiency.In the future, WasabiCard will continue to enhance global payment infrastructure based on the highest standards of compliance systems and risk management capabilities, helping clients confidently respond to the evolving global regulatory requirements and expand their international business more securely.

According to official news, the closed-end investment company RoboStrategy, focused on robotics and physical AI, announced the completion of a series of private equity issuances, issuing 450,684 shares at a weighted average price of approximately $35.5, raising about $16 million.Among them, RoboStrategy CEO Andrew Kang subscribed to 272,405 shares at a price of $36.71 million, investing approximately $10 million.

According to Bitcoin Magazine, a report from NYDIG shows that Bitcoin has fallen nearly 30% this year, performing the worst among various assets, lagging behind U.S. Treasury bonds, silver, and the Swiss franc. The report points out that the current slump is due to supply mechanisms rather than risk sentiment, and the timing and structure of the pullback in 2025-2026 are increasingly resembling the adjustment years of 2014, 2018, and 2022. If the 2022 model is fully replicated, the cycle low could be around $38,000-$39,000.However, Bitcoin experienced its lowest volatility year on record in 2025, and some analysts believe this year's pullback may be shallower than in previous bear markets. In Q2 2026, the rolling correlation between Bitcoin and gold increased, with both assets facing sell-offs, and the "devaluation trade" losing momentum. Bitwise stated last week that despite Bitcoin being in the deepest and longest slump since the last bear market, the fundamentals have laid the groundwork for a rapid recovery. NYDIG referred to the CLARITY Act as "the most important forward-looking catalyst for the digital asset industry."

According to a research report by NYDIG, Bitcoin fell by 13.4% in the second quarter of 2026, with the year-to-date decline expanding to 32.9%. In contrast, the Nasdaq 100 index rose by 27.7%, and tech stocks increased by 43.5%, indicating that this round of decline is not due to macro risk aversion, but rather specific supply pressures unique to Bitcoin.The core pressure comes from Strategy (MSTR) launching the "Digital Credit Capital Framework," authorizing the sale of approximately $1.25 billion in Bitcoin to cover capital structure obligations, marking a shift of the largest historical marginal buyer from continuous accumulation to active monetization, with the DAT complex overall transitioning from a demand engine to a supply risk. In terms of ETFs, the U.S. spot Bitcoin ETF saw a net outflow of $4.9 billion in the second quarter, but Morgan Stanley's Bitcoin Trust attracted $364.8 million in inflows against the trend, showing that distribution channels remain competitive.In the derivatives market, amid weak spot demand and continued outflows from ETFs and stablecoins, the positive funding rate combined with a rebound in open interest indicates that leveraged long positions are rebuilding, posing a risk of passive liquidation triggering a new round of declines. Bitcoin has currently fallen 54.3% from its historical high of $126,000 set on October 6, 2025, referencing the cycles of 2018 and 2022 (with a gradually narrowing decline of about 70%).

Larry Fink, CEO of the world's largest asset management company BlackRock, stated that he is optimistic about the market in the next 12 months, as the technological revolution will drive improvements in the profit margins of more companies. He noted that BlackRock's profit margin has increased by 260 basis points over the past 12 months, and the company has added $1 trillion in assets without increasing its workforce.Larry Fink mentioned that the current market leverage levels are lower than those in 2008 and 2009, and the implied leverage is not high when measured against the current capital market size. He also indicated that certain assets, financial products, or international markets may still carry concentration risks. Larry Fink expressed that he had previously been concerned about leverage in the Bitcoin and cryptocurrency markets, as there had been too many leveraged participants in the market. He believes that after the leverage has been cleared, Bitcoin and the cryptocurrency market are more stable at current levels.

SBI Group, DigiFT, and Startale Group have completed a joint proof of concept, demonstrating the full lifecycle of tokenized securities using the Japanese yen stablecoin JPYSC in an Ethereum testnet environment, including instant settlement for fund subscriptions and automatic on-chain dividend distribution.SBI Group and DigiFT are advancing the tokenization of the SBI Japan High Dividend Equity Fund, which is managed by SBI Asset Management with an asset management scale of approximately $1.3 billion, making it one of Japan's major public equity strategies. The three parties completed two tests, one demonstrating the near-instant settlement of fund subscriptions using JPYSC, and the other automatically calculating and distributing dividends to eligible token holders' wallets via smart contracts after the allocation registration is completed.The three companies plan to explore the integration of tokenized Japanese stocks with institutional DeFi platforms and consider testing use cases such as collateralized lending and on-chain asset management with ecosystem partners like Morpho and Gauntlet.