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According to the daily chart analysis released by BIT Official (@BITofficial_EN), July has historically been a month of relatively strong performance for Bitcoin, but the market typically enters a consolidation phase of about two months thereafter. Unlike last year, which was boosted by sentiment surrounding the "GENIUS Act", this summer lacks similar catalysts. Coupled with low trading volume and persistent downside risks, upside potential may be limited. BIT recommends clients consider selling call options to generate additional yield. Additionally, BIT research reports indicate that the low point of this Bitcoin cycle may not have been reached before September, and the current strategic focus should shift from directional bets to yield generation.
the U.S. SEC stated on Tuesday that it is publicly seeking comments on the regulatory approach for "novel ETFs," evaluating whether existing fund registration and listing processes need adjustments. This review comes amid the rapid expansion of crypto ETFs and an increase in applications for prediction market-related ETFs.SEC Chairman Paul Atkins said the regulator wants to hear market opinions to ensure that the U.S. ETF market can effectively serve investors while continuing to grow and innovate. Since Atkins took over as SEC Chairman in April 2025, the SEC has approved multiple crypto ETFs beyond Bitcoin and Ethereum, including products tracking assets like SOL and DOGE.Currently, market attention is shifting towards prediction market ETFs linked to political and economic outcomes. The SEC has not yet approved such funds for listing and trading and has delayed several related applications. Atkins previously stated that the SEC will evaluate these products in a "transparent and prudent" manner.In this request for comment, the SEC is asking whether a standardized listing framework should be established for ETFs meeting specific criteria and whether certain novel ETFs need to register as investment companies. TD Cowen analysts believe that this request for comment could potentially lead to rule changes as early as 2027, allowing the SEC to permit a wider range of ETF types, including products based on event contracts, crypto assets, and single-stock strategies. (The Block)
OdailyOdaily reports that the Dutch Public Prosecution Service has requested the Rotterdam District Court to declare crypto platform Knaken Cryptohandel and its affiliated entity Stichting Knaken Payments bankrupt, citing "public interest" as the reason. Knaken has been offline since the beginning of June, leaving approximately 30,000 customers unable to access their funds.Knaken had allowed users to exchange euros for cryptocurrencies such as Bitcoin and Ethereum, and provided trading and digital asset storage services. Under EU crypto regulations, such activities require a license from the Dutch market regulator AFM, but Knaken did not obtain the necessary authorization. Additionally, a separate criminal investigation initiated by the Fiscal Information and Investigation Service is ongoing. On Monday, investigators searched relevant premises, seizing laptops, mobile phones, and company assets. No arrests have been made so far. (Decrypt)
According to the latest report from investment bank Jefferies, the U.S. "Clarity Act," although having passed a bipartisan 15:9 vote in the Senate Banking Committee, still faces significant hurdles in the subsequent legislative process. Political uncertainty may exacerbate crypto market volatility in the coming weeks. The bill aims to clarify the regulatory boundary for digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and is considered a core legislative framework for the U.S. crypto market structure. Jefferies pointed out that passage would significantly boost institutional participation, while delays would prolong regulatory uncertainty.Currently, Polymarket data shows that the probability of the bill passing before the end of 2026 has dropped to 48%, a significant decline from 70% in mid-May, primarily due to disputes over ethical clauses, anti-money-laundering reviews, and a tight Senate agenda. Analysts note that with approximately only 20 legislative days remaining before Congress adjourns in August, it must complete the reconciliation of House and Senate versions, procedural votes, and submission to the President for signature. If it fails to advance before the recess, it may be delayed until next year, or even further postponed due to changes in the election cycle.Jefferies believes that if the bill is enacted, it will drive the expansion of businesses such as tokenized assets, custody, staking, lending, and crypto ETFs, benefiting the development of markets like Bitcoin (BTC) and Ethereum (ETH). However, if delayed, it could suppress institutional investment in on-chain infrastructure and crypto-related IPOs.Additionally, the market expects policy uncertainty to continue affecting the stock performance of crypto-related public companies such as Circle, Coinbase, and Bullish. Jefferies added that even as regulations gradually clarify, intensified competition in the stablecoin space could become a long-term source of pressure for companies like Circle. (CoinDesk)
Bitcoin financial services company Strike has announced new compliance progress, as its European operating entity Zap (Strike) Europe Limited has received approval from the Malta Financial Services Authority (MFSA), obtaining the qualification as a crypto asset service provider under the EU MiCA framework. This authorization grants Strike cross-regional operational capabilities, allowing the company to offer a full range of Bitcoin-related financial services to users across all 27 EU member states under unified regulatory standards. (Businesswire)
Odaily News According to Cory Klippsten, CEO of Swan Bitcoin, the holdings of Bitcoin long-term holders have risen to a record high, potentially indicating that the bottom of this crypto market cycle could emerge earlier than in the past. Data from on-chain analytics platform Glassnode shows that long-term holders (those holding coins for at least 155 days) currently possess approximately 14.7 million BTC, a historic high, suggesting that seasoned investors are continuing to "hold" their coins, reflecting strong market confidence. The on-chain data also reveals that since November 2025, the supply held by long-term holders has grown by about 14%, indicating the market has re-entered an accumulation phase following a period of significant liquidation.Cory Klippsten pointed out that, in historical cycles, this level of holdings typically corresponds to a cyclical bottom zone, reflecting long-term capital's firm expectations for Bitcoin's future value. He believes this could mean the bottom for the current cycle will arrive earlier than the historical average pace.However, this view contrasts with some market predictions. For example, Jiang Zhuoer, founder of Lebit Mining Pool, suggests the Bitcoin cycle bottom could appear between October and December 2026, and may be influenced by the market Net Asset Value (mNAV) cycle. Furthermore, market sentiment is also affected by the progress of US crypto regulation. Grayscale noted that the passage of the "CLARITY Act" remains uncertain; any legislative delays could prolong institutional deleveraging, creating additional downward pressure on Bitcoin's price. (Cointelegraph)
Binance founder CZ stated that the company's MiCA license application in Greece fully met regulatory requirements before its withdrawal and was close to approval. However, the process was ultimately disrupted due to the intervention of "external political factors."In an interview, CZ mentioned that several countries within the EU had expressed interest in the license, with some even showing a degree of "competitive pursuit." Ultimately, the regulatory progress was affected by factors outside the regulatory sphere, forcing the withdrawal of the application. Binance formally withdrew its Greek application last week and stated it would pursue MiCA authorization in other EU member states. Addressing market rumors linking him to high-level EU political figures, CZ said he had not seen any verifiable documents and had only encountered similar claims online, which he could not confirm.CZ also noted that the MiCA transitional period in the EU is set to end on July 1st. After that date, platforms without a license must cease related services. National regulatory bodies have made it clear there will be no extensions. He described the outcome as a "lose-lose situation" and, citing the regulatory histories of Japan and Singapore, emphasized that compliance processes often require a longer cycle.Furthermore, when discussing Strategy's STRC preferred stock product, CZ described its structure as "too complex" and said he found it difficult to fully understand its mechanism. However, he stressed that he was not making a judgment on the credibility of its founder, Michael Saylor, whom he considers a "staunch Bitcoin supporter." (The Block)
Blockchain analysis firm Chainalysis has released a new methodological proposal aimed at establishing a unified on-chain fund tracking standard framework for law enforcement agencies and investigators to identify address clusters and determine their probable control relationships.The proposal defines the on-chain analysis structure in the form of an "ontology," centralizing the systematic decomposition of the currently industry-wide non-standardized concept of "cluster" (address clustering) into wallet segments and functional roles. It describes on-chain relationships through a two-tier structure: the first layer defines the transaction graph structure, and the second layer assesses the inferred confidence level.Chainalysis states that the framework aims to enhance the interpretability and legal applicability of on-chain forensic methods and has been validated through its practical experience in cases related to the U.S. Department of Justice, including analysis applied in the Bitcoin Fog mixing service case. The company's Chief Scientist, Jacob Illum, noted that the proposal's goal is to answer "on what evidentiary basis can these addresses be considered to belong to the same entity," but emphasized that on-chain analysis alone cannot directly identify end-user identities and must still be combined with legal investigative methods involving centralized entities such as exchanges.Chainalysis stated that the standard proposal is currently open for industry discussion, aiming to promote a more unified technical standard for on-chain analysis methods in the fields of law enforcement and compliance. (CoinDesk)
Miller Tabak strategist Matt Maley and 22V Research technical strategist John Roque believe Bitcoin is at a key technical indicator level.Matt Maley stated that if Bitcoin declines further from its current level of around $60,000, it could amplify negative investor sentiment. Although Wall Street firms continue to invest in digital assets, retail investors, who have historically been the main force driving cryptocurrency rallies, have shifted their focus to high-growth AI and tech stocks. Recent significant outflows from Bitcoin ETFs indicate waning investor enthusiasm. Cryptocurrencies are also showing signs of decoupling from the stock market.John Roque noted that Bitcoin is retesting its first downside target of $60,000. If it breaks below this level, it implies a potential drop to $400,000. Matt Maley added that Congress might pass a crypto structure bill with clearer rules, which would reduce uncertainty and encourage institutional participation in the long run. Furthermore, Bitcoin ETFs experienced their largest monthly outflow since 2024 recently. (CNBC)
CZ stated in an interview that the significant downturn in the crypto market during the first half of 2026 cannot be explained by a single factor. The overall correction of approximately 50% is likely the result of multiple macro and structural factors. Geopolitical tensions, capital flowing from crypto assets into the AI sector, and the traditional four-year crypto market cycle are jointly suppressing market performance. Notably, Bitcoin has seen a clear decline from its all-time high, falling from around $126,000 last year to approximately $60,000 currently.CZ said that despite short-term price pressure, the industry's long-term trend will continue to grow. He believes that as global demand for trading and financial technology increases, the scale of the crypto industry will still expand. Currently, "emerging industries like AI are absorbing hot money from the market," but this could be a positive phenomenon in the long run. Additionally, he is optimistic about the development of prediction markets, believing they help improve price discovery efficiency and market liquidity.On the regulatory front, CZ believes the US may push forward legislative progress like the "Clarity Act" for digital assets before the end of the year, but these policies are "tactical adjustments" and will not change the long-term growth trajectory of the crypto industry. He also pointed out that countries around the world are still accelerating the development of digital asset regulatory frameworks. (CoinD)
following Micron Technology's optimistic earnings report and Qualcomm's positive performance outlook, sentiment in the technology sector has notably warmed, driving a rebound in market risk appetite and alleviating earlier concerns over a slowdown in AI-related trading. Driven by this, Bitcoin recovered after hitting a 20-month low, rebounding 0.3% to $61,106, after briefly dipping to $59,062 during the session. Market focus now shifts to the upcoming U.S. PCE inflation data, which could influence expectations for the Federal Reserve's future interest rate policy and further sway the performance of risk assets.
According to CryptoQuant analyst MorenoDV_, abnormal surges in trading volume in the Bitcoin market typically precede significant price re-pricings and serve as a key “footprint” signaling large-capital inflows. In the current cycle, the relative weight of spot trading volume has been diluted by ETFs and derivatives; while some institutional capital flows in via regulated channels, a sudden surge in spot volume still reflects genuine chip transfer, accumulation, or distribution activity. Derivatives trading volume has become the core mechanism driving volatility transmission. Its anomalies are often accompanied by liquidity sweeps and leverage resets, indicating that “smart money” is leveraging futures and perpetual contracts to position itself ahead of time. Analysts note that abnormal volume clustering occurred prior to multiple critical turning points between 2024 and 2026; when prices are compressed or uncertain, such abnormal volume expansion typically signals the imminent onset of a larger-scale directional move.
According to Digital Asset, South Korea’s Tax Tribunal recently decided to conduct a new investigation into a case where Bitcoin transferred from a spouse’s overseas exchange account to the taxpayer’s domestic account was classified as a “gift” and taxed accordingly. In the case, the taxpayer argued that the Bitcoin in question originally belonged to them and was merely routed through their spouse’s account due to travel-related regulatory restrictions; furthermore, the Bitcoin remained in the spouse’s account for only a short period and thus should not be considered a gift.
US President Trump signed two executive orders on Monday aimed at accelerating the nation's quantum computing capabilities and advancing the migration of government systems to post-quantum cryptography. While the orders do not directly mention Bitcoin, industry insiders believe this could benefit blockchain post-quantum security research and development.The two executive orders focus on defending against advanced cryptographic attacks and driving the frontier of quantum innovation. This includes a clear timeline: advancing quantum sensor construction by September 2028, and requiring federal high-value assets and high-impact systems to complete their post-quantum cryptography migration by the end of 2031.Alex Pruden, CEO of Project Eleven, stated that this means the US government will allocate funds and time to achieve post-quantum security goals. It may also extend these requirements to the entire federal contractor system, not just government agencies, thereby accelerating the practical application of post-quantum cryptographic technology.This policy comes amid growing attention within the blockchain industry to quantum threats. The Ethereum Foundation, Solana Foundation, and others have already begun advancing post-quantum security R&D, while the Bitcoin community is also discussing potential risks. Some Bitcoin held in publicly exposed addresses is considered vulnerable to private key derivation attacks once sufficiently powerful quantum computers emerge.Pruden noted that this executive order sets a clear deadline of 2031 for the adoption of post-quantum cryptography, which is more enforceable than the previous US government guidance which only proposed phasing out traditional cryptographic systems by 2035. For Bitcoin and the broader crypto industry, government-level investment in post-quantum security could accelerate the maturation of related tools, standards, and migration pathways.
Rob Hocking, Head of Global Derivatives at the Chicago Board Options Exchange (CBOE), stated that the exchange is exploring the conversion of Bitcoin and Ethereum continuous futures into perpetual futures.Previously, the U.S. Commodity Futures Trading Commission had approved cryptocurrency perpetual futures for the prediction market Kalshi, opening a regulatory pathway for other registered U.S. exchanges to offer similar products. Rob Hocking did not provide a timeline for the potential conversion. (cointelegraph)
Anthony Pompliano, Chairman of Bitcoin treasury company ProCap Financial, posted on X stating that Mythos allegedly breached the U.S. National Security Agency’s (NSA) classified systems within hours—a development that will further intensify public concerns about AI risks and prompt increased regulatory intervention. Yet the more critical signal conveyed by this incident is that AGI (Artificial General Intelligence) is, in fact, drawing near. Current AI technologies not only surpass humans in capability but are also self-training and improving at an incomprehensible pace—“humans cannot compete with these models.”
According to the Bangkok Post, Thailand’s Ministry of Interior, Provincial Electricity Authority, police, and local administrative officials conducted inspections at 14 illegal Bitcoin mining sites across five provinces in northeastern Thailand, seizing 315 cryptocurrency mining devices. Investigators found evidence of tampered electricity meters and unauthorized power connections at these locations to operate the mining equipment. The report estimates total losses at 40.38 million Thai baht (approximately USD 1.24 million), including a 5.38 million baht (approximately USD 165,000) fine for electricity violations and roughly 35 million baht (approximately USD 1.07 million) in unpaid electricity bills. Authorities have collected evidence and filed complaints against those involved.
According to FinanceFeeds, Reeve Collins, co-founder of Tether, stated that the stablecoin industry is entering a “2.0 era.” Current stablecoin infrastructure still suffers from structural issues, and next-generation solutions must address users’ inability to earn returns on reserve assets. The core logic of Stablecoin 1.0 is “users provide $1, and issuers mint one token,” yet users only gain payment and transfer convenience—without sharing in reserve earnings. In the future, financial services will increasingly become infrastructure: “Users won’t care which bank sends funds,” and AI agents may select different financial ecosystems based on user interests. The next phase of stablecoin competition will center on financial infrastructure and yield-distribution models. On regulatory matters, Reeve Collins revealed he continues to hold Bitcoin long-term. He also noted that USD-pegged stablecoins remain, in essence, extensions of the U.S. financial system—exposing them to regulatory reach—and differ fundamentally from central bank digital currency (CBDC) models, which may offer stronger programmability and financial surveillance capabilities.
Under Regulation (EU) 2024/1624, which enters into force on 10 July 2027, crypto-asset service providers operating in the EU will face stricter customer verification obligations and new restrictions on services that enhance transaction anonymity.
KobeissiLetter analysis indicates Intel's stock surged approximately 9% in a single day after Trump announced a plan to jointly design and manufacture chips within the United States. This development represents a policy-level positive for the entire semiconductor industry, with market expectations that investments in domestic wafer fabrication and advanced process nodes will continue to receive support.However, for the crypto market, if US chip capacity shifts more toward orders for consumer electronics and national defense, it could indirectly compress the supply capacity of ASIC mining rigs, thereby potentially impacting the mining hardware cycle. Consequently, Intel's capacity dynamics are also being viewed as a "substantial revaluation signal" for the Bitcoin and crypto mining market.