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According to Coinglass data, in the past 24 hours, the total liquidation across the network was $286 million, with long positions liquidated at $145 million and short positions liquidated at $141 million. Among them, Bitcoin long positions were liquidated at $38.5218 million, Bitcoin short positions at $35.9542 million, Ethereum long positions at $32.4072 million, and Ethereum short positions at $45.419 million.In addition, in the last 24 hours, a total of 75,515 people were liquidated globally, with the largest single liquidation occurring in Hyperliquid - XYZ:DRAM-USD worth $4.6984 million.

According to The Block, the UK's Financial Conduct Authority (FCA) finalized a comprehensive crypto regulatory framework on Tuesday, with a mandatory licensing regime set to take effect on October 25, 2027. The framework covers prudential requirements, market abuse regulation, and stablecoin standards, applicable to crypto trading platforms, custodians, stablecoin issuers, lending and staking service providers, as well as some DeFi companies with identifiable controlling entities.Businesses can apply for authorization between September 30, 2026, and February 28, 2027, and existing anti-money laundering registrations will not automatically convert. Regarding trading platform rules, the FCA requires UK-qualified crypto asset trading platforms to conduct due diligence, meet entry standards, and publish disclosure documents, while removing the previous exemption that allowed fungible crypto assets to be listed without disclosure documents. Market abuse rules cover insider trading and market manipulation.For stablecoins, the FCA has removed the obligation to forecast the redemption of reserve assets, allowed limited group internal custody arrangements, and reduced the K-SII capital ratio for stablecoin issuance from 2% to 1%. Crypto assets on qualified platforms will be subject to a unified 40% net risk exposure requirement and a 40% counterparty default volatility adjustment. FCA's Director of Payments and Digital Finance, David Geale, stated that the framework is an important milestone for crypto regulation in the UK, providing regulatory certainty while allowing businesses to maintain innovation space.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $315 million, with long positions liquidated at $218 million and short positions liquidated at $97.38 million. Among them, Bitcoin long positions were liquidated at $82.18 million, Bitcoin short positions at $36.73 million, Ethereum long positions at $45.27 million, and Ethereum short positions at $18.44 million.In addition, in the last 24 hours, a total of 84,288 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $8.5743 million.

Regarding the digital credit capital framework announced by Strategy, the Ethereum treasury company BitMine (NYSE: BMNR) commented that this framework consolidates the structural relationship between capital markets and Bitcoin, which should enhance investor confidence in the Strategy approach.BitMine believes that investor concerns typically only arise during Bitcoin downturns; if the Bitcoin price were at $100,000, few would question the strategy. Therefore, Strategy needs to prove that it has enough capital to withstand downturn cycles; raising the capital buffer to over 26 months is a wise move. According to its calculations, since 2009, with a rolling period of 36 months, the probability of negative returns for Bitcoin is less than 0.8%, and a reserve size of 26 months is sufficient for Strategy to safely navigate such fluctuations.

According to the 8-K document submitted to the SEC by Strategy, the company announced the launch of a digital credit capital framework, which includes five core components: dollar reserve policy, adjustment of STRC dividend policy, preferred stock repurchase plan, common stock repurchase plan, and BTC monetization plan.Under the dollar reserve policy, the reserve can only be used to pay preferred stock dividends and debt interest, and management must maintain a reserve sufficient to cover expected dividends and interest expenses for at least the next 12 months. As of June 28, the dollar reserve balance was $2.55 billion.Regarding the STRC dividend, the company will dynamically assess the dividend rate on a monthly basis, considering factors such as trading price, market yield, credit spread, and Bitcoin price volatility, and will not increase the dividend solely because the STRC trading price is below par value. The company also announced an increase in the annualized dividend rate for STRC to 12% from the previous level, effective July 1.In terms of the repurchase plan, the company has established two repurchase authorizations of $1 billion each, to repurchase preferred stocks such as STRC, STRF, STRD, STRK, and Class A common stock, with STRC being the primary target of the preferred stock repurchase plan. Neither of the repurchase plans will utilize dollar reserve funds.In addition, the company's board of directors has authorized the BTC monetization plan, allowing the company to raise up to $1.25 billion by selling Bitcoin, to supplement the dollar reserve, pay preferred stock dividends and interest expenses, or fund the aforementioned repurchase plans.

Bitget launches the "TradFi 100 Questions for Popular Science" long-term investor education program, breaking down the traditional financial knowledge system into 100 core questions, covering six major modules: financial basics, asset encyclopedia, market mechanisms, macroeconomics, risk management, and the evolution of multi-asset trading.The course uses structured content and weekly updated educational materials as a medium, focusing on analyzing the driving logic behind stocks, commodities, interest rates, and capital flows, helping traders establish an investment framework across asset classes.Bitget CEO Gracy Chen stated that as the connections between financial markets deepen, crypto investors need to pay attention to factors such as interest rates, inflation, stocks, commodities, and global liquidity.The "TradFi 100 Questions for Popular Science" aims to lower the understanding threshold of traditional financial knowledge, helping users adapt to a multi-asset investment environment where traditional assets and digital assets converge.

According to Documenting Bitcoin, the Bitcoin network successfully mined a block using the Stratum V2 protocol for the first time. Compared to the currently widely used Stratum V1, Stratum V2 allows miners to independently construct block templates and choose transactions to package, rather than being completely determined by the mining pool. This retains the mining pool's revenue distribution mechanism while reducing the mining pool's control over transaction packaging, which helps enhance the decentralization and censorship resistance of Bitcoin mining.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is 0.0039%. Among the current mainstream exchanges, the rate for Binance is 0.0032%, OKX is 0.0005%, Bybit is 0.0016%, and Gate is 0.0069%.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $129 million, with long positions liquidated at $92.5986 million and short positions liquidated at $35.9452 million. Among them, Bitcoin long positions were liquidated at $26.7533 million, Bitcoin short positions at $5.5311 million, Ethereum long positions at $26.863 million, and Ethereum short positions at $6.432 million.In addition, in the last 24 hours, a total of 60,302 people were liquidated globally, with the largest single liquidation occurring on Bybit - BTCUSDT worth $2.0826 million.

According to the latest disclosure by the Federal Trade Commission (FTC), Musk has obtained antitrust approval for the acquisition of the optical network startup Mesh Optical Technologies, which means the FTC has completed a rapid antitrust review and will not challenge the transaction on competitive grounds, clearing a major regulatory hurdle for the advancement of the deal. However, it has not yet been disclosed whether the transaction has been signed or completed.Mesh was founded by former SpaceX engineers, and its core product is optical transceivers for AI data centers, which can improve energy efficiency, reduce latency, and enhance reliability compared to traditional network hardware, in order to meet the demand for millions of optical connections brought about by the growth of AI computing clusters. The founding team was involved in the development of the laser communication system for SpaceX's Starlink satellite network and plans to deploy optical communication technology into space in the future, adapting to the inter-satellite laser communication needs of orbital data centers and AI satellite networks. The company completed over $50 million in financing led by Thrive Capital in February of this year.Acquiring Mesh is one of SpaceX's initiatives to strengthen the competitiveness of large-scale computing clusters. Currently, SpaceX has listed AI computing power as a core business segment, and its xAI has been operating a total of approximately 1GW computing power with the Colossus and Colossus II training clusters, making it the first company to deploy coherent gigawatt-level AI training clusters; among them, Colossus II will add over 400MW of computing power and introduce over 220,000 GB300 chips. It has signed computing power cooperation agreements with Anthropic, Google, Reflection AI, and others, directly competing with large-scale cloud providers such as Amazon Web Services, Microsoft Azure, and Google Cloud. This year, SpaceX has also reached a Terafab chip manufacturing plan with Tesla and Intel, extending its vertical integration capabilities in chip design and manufacturing.In the past week, SpaceX's stock price ended its upward trend, closing at $153.23 per share, down over 32% from its peak of $225.64 per share.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0015%. Among the current mainstream exchanges, the funding rate for Binance is -0.0053%, OKX is 0.0016%, Bybit is -0.0038%, and Gate is 0.0002%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.0024%. Among the current mainstream exchanges, the rate for Binance is 0.0043%, OKX is 0.0041%, Bybit is -0.0034%, and Gate is 0.0076%.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $115 million, with long positions liquidated at $57.31 million and short positions liquidated at $57.27 million. Among them, Bitcoin long positions were liquidated at $10.21 million, Bitcoin short positions at $15.99 million, Ethereum long positions at $17.37 million, and Ethereum short positions at $13.51 million.In addition, in the last 24 hours, a total of 55,741 people were liquidated globally, with the largest single liquidation occurring on Binance - ETHUSDT worth $1.88 million.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0004%. Among the current mainstream exchanges, the rate on Binance is -0.0006%, OKX is -0.0018%, Bybit is -0.0014%, and Gate is -0.0037%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is 0.003%. Among the current mainstream exchanges, the rate for Binance is 0.0042%, OKX is 0.0051%, Bybit is 0.0006%, and Gate is 0.003%.

According to Hong Kong media Ming Pao, Hong Kong Legislative Council member Jan Wai-man revealed that the "2026 Taxation (Amendment) (Automatic Exchange of Information) Bill" was passed by the Legislative Council last week, and the Crypto Asset Reporting Framework (CARF) Bill has entered the review stage. Jan Wai-man stated that the tax and fines recovered by the Hong Kong government from 2018 to 2025 have exceeded 100 million Hong Kong dollars, and it is expected that an additional approximately 8,000 financial institutions will be required to register compulsorily in the future.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $471 million, with long positions liquidated at $265 million and short positions liquidated at $206 million. Among them, Bitcoin long positions were liquidated at $88.7876 million, Bitcoin short positions were liquidated at $74.6565 million, Ethereum long positions were liquidated at $103 million, and Ethereum short positions were liquidated at $62.4345 million.In addition, in the last 24 hours, a total of 89,591 people were liquidated globally, with the largest single liquidation occurring on HTX - ETH-USDT worth $11.6277 million.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0003%. Among the current mainstream exchanges, the rate on Binance is 0.0005%, OKX is -0.0014%, Bybit is 0.0029%, and Gate is -0.0038%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is 0.0045%. Among the current mainstream exchanges, the rate for Binance is 0.0073%, OKX is 0.0082%, Bybit is 0.0032%, and Gate is 0.0064%.

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $1.122 billion, with long positions liquidated at $887 million and short positions liquidated at $235 million. Among them, Bitcoin long positions were liquidated at $413 million, Bitcoin short positions at $117 million, Ethereum long positions at $243 million, and Ethereum short positions at $67.2597 million.In addition, in the last 24 hours, a total of 151,930 people were liquidated globally, with the largest single liquidation occurring on Hyperliquid - BTC-USD worth $38.0525 million.