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Malaysian Police Raid and Dismantle Illegal Cryptocurrency Mining Site in Port Klang Free Zone
According to Malaysian media "New Straits Times", Malaysian police yesterday raided and shut down an illegal cryptocurrency mining den located in a warehouse at Pulau Indah, Port Klang Free Zone. During the raid, two foreign men aged 20 and 31 were detained, and mining equipment was seized. According to Malaysian law, this act violates the Penal Code and the Electricity Supply Act. If convicted, the two face ten years imprisonment and a fine of 100,000 Ringgit (approximately 24,500 USD).
Uzbekistan Establishes a Special Economic Zone Exclusively for Miners, with Tax Exemptions Extended to 2035
According to bits.media, Uzbekistan’s President Shavkat Mirziyoyev signed a decree establishing the Besqala Mining Valley Special Economic Zone in the Republic of Karakalpakstan. Miners operating within the zone will enjoy tax incentives, valid until January 1, 2035. The zone will be connected to a unified power system powered by renewable energy and hydrogen. Cryptographic assets mined within the zone may be sold or exchanged via domestic Uzbek exchanges or overseas platforms. Mining licenses will be issued by the State Agency for Perspective Projects. Currently, Uzbekistan mandates that cryptocurrency transactions be conducted exclusively through state-licensed service providers; peer-to-peer (P2P) transactions are explicitly prohibited by law, digital assets cannot be used for payment or settlement, and only legal entities are permitted to engage in mining activities. The country introduced its mining licensing regime in 2023, with the first license officially issued only at the end of February 2026.
Tempo’s Launch of “Zones” Feature Sparks Privacy Controversy; Enterprise-Grade Stablecoin Privacy Solution Criticized for Centralization
According to Cointelegraph, Tempo—a payment-focused Layer-1 public blockchain backed by Stripe and Paradigm—recently launched its new “Zones” feature, enabling enterprises to conduct stablecoin transactions within permissioned environments while maintaining interoperability with public-chain liquidity. This functionality is primarily targeted at use cases such as payroll distribution, fund management, and B2B settlements. However, the feature has drawn criticism from industry observers due to its operator-centric design. Each Zone is controlled by a single operator who can view all transaction data and has the authority to suspend users’ transfer or withdrawal privileges in accordance with compliance requirements. Critics argue that this introduces a trust assumption akin to that of centralized exchanges, thereby deviating from blockchain’s core trustless principle.
Analyst: Bitcoin MVRV Z-Score Hits Multi-Year Low, Market in Undervalued Zone but No Capitulation Signal Yet
CryptoQuant analyst Axel Adler Jr. stated on X platform that Bitcoin's MVRV Z-Score has dropped to approximately 0.42, about four times lower than its historical average of 1.7, indicating Bitcoin is currently in an undervalued zone. However, this metric has not yet entered negative territory, suggesting the market has not shown the "capitulation selling" typically associated with cycle bottoms.Meanwhile, Bitcoin's 7-day Realized P/L has turned positive from negative, currently standing at approximately $239 million, indicating that on-chain selling pressure has eased. The analysis suggests that while the market is currently in an undervalued and short-term stabilization phase, it has yet to show the capitulation signal needed to confirm a cycle bottom, nor is there clear demand-driven momentum from a new cycle.
Analyst: Bitcoin Long-Term Holder Loss Metric Nears 2018 Levels, Market May Be in Bottom Zone
Currently, the supply of Bitcoin held by long-term holders (LTH) at a loss has exceeded the level during the FTX collapse and is approaching the 2018 bear market phase. The current Bitcoin Realized Price is approximately $50,000. Historically, every cycle has retested the Long-Term Holder Realized Price, so there remains a possibility of retesting this level in the future.
Bank of America: Bull-Bear Indicator Rises to 9.6 Extreme Zone, Recommends Retreat or Rotation
According to Bank of America Securities' July 17 Flow Report, the BofA Bull & Bear Indicator rose from 9.4 to 9.6, further entering extreme bullish territory; historically, an indicator reading above 8.0 is a sell signal. Semiconductor ETFs have recorded year-to-date inflows of $46 billion, accounting for 31% of AUM, while tech funds saw record inflows of $48 billion over the past three weeks. However, the Philadelphia Semiconductor Index has fallen approximately 20% from its June highs, indicating a significant divergence between flows and prices. BofA believes the current market has entered a "topping" zone and recommends reducing equity exposure, retreating or rotating into duration, defensive sectors, high dividends, and the US dollar. The report also notes that investors' extreme optimism is built on three fragile assumptions: an economic "no-landing," the Fed will not raise rates, and hyperscalers will not cut AI capital expenditure—all three of which could be broken. BofA provides specific observation anchors: retreat if the Mag 7 Index (MAGS) falls below 65, while a breakthrough above 70 is the signal to re-enter.
Analysis: Bitcoin's Historic Support Zone Emerges, Over Half of Supply Already Turned Over Above $59,000
CryptoQuant analyst Darkfost stated on platform X that data indicates Bitcoin is currently establishing a significant support level within the $59,000 to $70,000 range, which has become one of the most fiercely defended price zones in Bitcoin's history.Approximately 50% of the total Bitcoin supply has now been turned over above the $59,000 mark. If the millions of Bitcoins believed to be permanently lost are excluded, this percentage would be even higher. This round of turnover is primarily driven by short-term holders (STH), revealing a divergence in market participant behavior, with some investors choosing to panic sell while others continue to accumulate.However, although multiple indicators have entered extremely bearish or oversold zones, the formation of the $59,000 to $70,000 range has some rationale. This does not necessarily mean the market has confirmed a bottom. More accurately, Bitcoin's bottom structure is still in the process of being built. Additionally, the large trading volume peak near $84,500 is mainly attributed to internal Bitcoin transfers on Coinbase and should not be included in market behavior analysis.
WEEX Launches Physical AI Bot Concept Coin Trading Campaign, Offering $100,000 Prize Pool
WEEX Exchange Announcement: A Coin-Stock Ecosystem Trading Zone event for Physical AI Bot is now launched. Users trading any event tokens (MSFTON, NVDAON, AMDON, QCOMON, TXNON, ADION, SYMON, ISRGON, TSLAON) can participate in sharing a $100,000 reward. Event Time: 7/2 20:00 - 7/12 20:00 (UTC+8). During the event, new users who sequentially complete a net deposit ≥ $100 and make their first spot trade in an event token with trading volume ≥ $10 can receive a blind box worth up to $28; cumulative spot trading volume of event tokens ≥ 200 USDT allows participation in sharing 10,000 USDT bonus based on trading volume ratio. For new and old users, daily event token spot trading volume ≥ $50 is considered a successful check-in; cumulative check-ins of 2 days or more allow participation in sharing a $20,000 prize pool; net buy of event tokens ≥ 100 USDT allows participation in the Net Buy Challenge to share $30,000; cumulative spot trading volume of event tokens ≥ 2,000 USDT allows sharing 20,000 USDT bonus based on trading volume ratio.
Analyst: Bitcoin May Be Approaching Final Round of Selling Pressure, S2F Regression Model Nearing Extreme Undervalued Zone
CryptoQuant analyst Darkfost pointed out in a post that the Bitcoin S2F regression model is gradually approaching historically extreme undervalued zones. This model is used to measure the deviation of market price relative to S2F fair value, thereby identifying significant overvalued or undervalued phases.
BitMart Futures Stock Zone to List SOFIUSDT
according to an official announcement, BitMart Futures will list the SOFIUSDT perpetual contract on July 23, 2026, at 15:00 (UTC+8), supporting up to 20x leverage.
ForeGate Launches EWC Esports World Cup Themed Zone
Odaily报道, ForeGate, the next-generation event prediction trading platform globally endorsed by legendary footballer Michael Owen, has officially launched its EWC (Esports World Cup) themed zone. This zone covers all popular events of this year's EWC, offering real-time event tracking and AI-powered deep predictions.To coincide with the launch of the EWC zone, ForeGate has simultaneously initiated the "Esports Prediction Trading Competition" limited-time incentive event, with a total prize pool of up to 500,000 USDT. During the event, users can participate in trading to share the prize pool. The event runs from July 16, 14:00 to August 24, 16:00 (UTC+8). This move marks a further expansion of ForeGate's event prediction market ecosystem centered around high-frequency sports and esports. Currently, users can seamlessly access the platform directly through mainstream DApp wallets such as Binance Wallet and OKX Wallet.
BitMart's Contracts Stock Zone will list multiple perpetual contracts including CLSKUSDT, WULFUSDT, and others.
Odaily reports, according to an official announcement, BitMart Contracts will list the CLSKUSDT, WULFUSDT, FASTUSDT, KORUUSDT, MUUUSDT, and SOXSUSDT perpetual contracts on July 16, 2026, at 15:00 (UTC+8), supporting up to 25x leverage!
BitMart Contract Stock Zone to List FIGUSDT, IONSUSDT, FRMIUSDT
according to an official announcement, BitMart Contracts will list FIGUSDT, IONSUSDT, and FRMIUSDT perpetual contracts at 19:00 (UTC+8) on July 14, 2026, supporting up to 20x leverage.
OKX Wallet Now Supports Robinhood Chain, Enabling Access to Its On-Chain Ecosystem
according to official news, OKX Wallet now supports Robinhood Chain. Users can use OKX Wallet for transfers, market viewing, on-chain transactions, and DApp exploration, further lowering the barrier for users to participate in emerging on-chain ecosystems.Meanwhile, OKX Wallet has launched the Robinhood Ecosystem Zone, which aggregates popular on-chain assets and ecosystem opportunities. Users can complete the whole process from asset discovery to trading through a unified entry point. Learn more:
BitMart Futures Stock Zone to List VRTUSDT and SNOWUSDT
Odaily reports, according to an official announcement, BitMart Futures will list VRTUSDT and SNOWUSDT perpetual contracts respectively on July 10, 2026, at 19:00 (UTC+8), supporting up to 25x leverage.
Related news
Binance to Adjust Tick Size for Multiple USDⓈ-M Perpetual Contracts
that, according to an official announcement, Binance will adjust the minimum price change (ticksize) for several USDⓈ-M perpetual contracts, including TSTUSDT, LSKUSDT, SAHARAUSDT, SUPERUSDT, MOCAUSDT, USUALUSDT, and FOGOUSDT, at 14:30 (Eastern Eight Zone Time) on July 30, 2026. This adjustment aims to improve market liquidity and user experience and will not affect trading operations or existing orders.
Xiaomi Responds to “Lei Jun Profits 700 Million from Changxin’s IPO”: It’s a Corporate Investment, Can't Be Confused with Personal Wealth
: “Lei Jun profits 700 million from Changxin Technology’s IPO” trended on Weibo’s hot search list. According to a previous announcement by Changxin Technology, a company in Wuhan participated in Changxin Technology’s strategic placement, securing 18,244,800 shares. Calculated at the issue price of 8.66 yuan per share, the company made a profit of 736 million yuan on the first day of listing. This company is Wuhan 1810 Enterprise Management Co., Ltd., established in 2021, with its office located in the East Lake High-tech Zone in Wuhan.Notably, Wuhan 1810 Enterprise Management Co., Ltd. is a wholly-owned subsidiary of Xiaomi Technology. According to equity information, the chairman of Xiaomi Technology is Lei Jun, who holds 97.48% of Xiaomi Technology’s shares.Xu Jieyun, Special Assistant to the Chairman of Xiaomi Group and Deputy General Manager of the Strategic Marketing Department, responded to this today, saying, “Friends can have a laugh at this, but don’t take it seriously. Actually, you can’t calculate it that way. This is a corporate investment; specific subsidiary entities cannot be conflated with personal wealth. Also, by the way, best wishes to Changxin again.”It is reported that semiconductor industry chain companies such as Montage Technology, ESWIN, ACM Research, Anji Microelectronics, Tongfu Microelectronics, AMEC, YITAN Technology, and National Silicon Industry Group each received 18.24 million shares, with an allocation amount of 158 million yuan. Based on the closing price on the first day of listing, each company’s floating profit exceeded 700 million yuan. (The Paper)
Analyst: Bitcoin MVRV Z-Score Hits Multi-Year Low, Market in Undervalued Zone but No Capitulation Signal Yet
CryptoQuant analyst Axel Adler Jr. stated on X platform that Bitcoin's MVRV Z-Score has dropped to approximately 0.42, about four times lower than its historical average of 1.7, indicating Bitcoin is currently in an undervalued zone. However, this metric has not yet entered negative territory, suggesting the market has not shown the "capitulation selling" typically associated with cycle bottoms.Meanwhile, Bitcoin's 7-day Realized P/L has turned positive from negative, currently standing at approximately $239 million, indicating that on-chain selling pressure has eased. The analysis suggests that while the market is currently in an undervalued and short-term stabilization phase, it has yet to show the capitulation signal needed to confirm a cycle bottom, nor is there clear demand-driven momentum from a new cycle.
Analyst: Bitcoin Long-Term Holder Loss Metric Nears 2018 Levels, Market May Be in Bottom Zone
Currently, the supply of Bitcoin held by long-term holders (LTH) at a loss has exceeded the level during the FTX collapse and is approaching the 2018 bear market phase. The current Bitcoin Realized Price is approximately $50,000. Historically, every cycle has retested the Long-Term Holder Realized Price, so there remains a possibility of retesting this level in the future.
BitMart Futures Stock Zone to List SOFIUSDT
according to an official announcement, BitMart Futures will list the SOFIUSDT perpetual contract on July 23, 2026, at 15:00 (UTC+8), supporting up to 20x leverage.
Bank of America: Bull-Bear Indicator Rises to 9.6 Extreme Zone, Recommends Retreat or Rotation
According to Bank of America Securities' July 17 Flow Report, the BofA Bull & Bear Indicator rose from 9.4 to 9.6, further entering extreme bullish territory; historically, an indicator reading above 8.0 is a sell signal. Semiconductor ETFs have recorded year-to-date inflows of $46 billion, accounting for 31% of AUM, while tech funds saw record inflows of $48 billion over the past three weeks. However, the Philadelphia Semiconductor Index has fallen approximately 20% from its June highs, indicating a significant divergence between flows and prices. BofA believes the current market has entered a "topping" zone and recommends reducing equity exposure, retreating or rotating into duration, defensive sectors, high dividends, and the US dollar. The report also notes that investors' extreme optimism is built on three fragile assumptions: an economic "no-landing," the Fed will not raise rates, and hyperscalers will not cut AI capital expenditure—all three of which could be broken. BofA provides specific observation anchors: retreat if the Mag 7 Index (MAGS) falls below 65, while a breakthrough above 70 is the signal to re-enter.