BTC Spot ETF Sees 138.5 Billion Won Net Inflow...15 Consecutive Trading Days
According to Trader T, on June 30 (local time), the US Bitcoin spot ETF saw a net inflow of $102.28 million (138.5 billion won). This marks the 15th consecutive trading day of net inflow. BlackRock's IBIT received a net inflow of $112.46 million, while Ark Invest's ARKB saw an outflow of $10.18 million. Other ETFs experienced no significant net inflow or outflow.
US Senator Pushes Bill for Tax Exemption on Cryptocurrency Transactions Under $300
CoinDesk reported that Senator Cynthia Lummis is pursuing a bill to exempt small cryptocurrency investments from taxation. Lummis plans to include this in Donald Trump's budget proposal (Big and Beautiful). The bill primarily aims to waive taxes on cryptocurrency transactions under $300.
Connecticut Governor Signs Bill Prohibiting Cryptocurrency Ownership and Investment
Bitcoin.org reported that Ned Lamont, the Governor of Connecticut, signed a bill (HB7082) prohibiting state government from receiving, holding, or investing in virtual assets, including Bitcoin.
Europol Arrests Cryptocurrency Fraud Group Worth $540 Million
Europol arrested a group that fraudulently obtained $540 million in cryptocurrency across Europe and Asia. The press release stated that five individuals were arrested for scamming investors with promises of cryptocurrency investment returns. They used fake accounts to launder funds through exchanges to evade financial tracking.
Bitcoin Mining Company American Bitcoin Raises $220 Million Investment
Bloomberg reported that American Bitcoin, a Bitcoin mining company supported by Donald Trump's two sons, has raised $220 million in investment. The funds will be used to purchase BTC and cryptocurrency mining equipment. American Bitcoin was established by Eric Trump, Donald Trump's second son, together with Hut8.
Polyhedra Unveils Hacking Compensation Program
Polyhedra (ZKJ) announced the launch of a hacking compensation program called 'Phoenix Revival' on X. Users who staked ZKJ on-chain on June 15 at 22:00 (Korean time) can receive incentives, rewards, and whitelist access for Polyhedra products. Additionally, Polyhedra revealed its key roadmap, including zero-knowledge based solutions ZKML, privacy stablecoin, ZK-based decentralized exchange Dark Pool, and ZK native Layer 1 blockchain EXP chain.
ETH On-Chain Daily Transaction Volume Highest Since 2021
Analyst Ted reported on X that Ethereum (ETH) on-chain daily transaction volume reached 1.45 million transactions on June 29 (local time), the highest level since 2021.
Analysis: "ETH Futures Trading Volume Recovers to BTC Level - Signal of Investor Confidence"
An analysis suggests that Ethereum's investor sentiment is recovering as the ETH/BTC futures volume ratio reaches 98%. The Block explained that this indicator represents relative trading interest between Ethereum and Bitcoin in the derivatives market. The ratio had dropped to 42% in October 2024, raising concerns about Ethereum's status as a smart contract platform. Subsequently, Ethereum has drawn positive responses through foundation efforts, Layer 2 solution adoption, and increased on-chain DeFi activity.
TravelWallet to Co-Develop Won-based Stablecoin with Avalanche
E-Daily reported that fintech foreign exchange platform TravelWallet has signed a strategic MOU with global blockchain platform Avalanche to co-develop a won-based stablecoin and programmable stablecoin. TravelWallet plans to issue a stablecoin pegged 1:1 to the won's value and design a programmable stablecoin model incorporating smart contract technology.
FTX Plans Additional Creditor Repayment in 2026-2027
Sunil Kavuri, representative of FTX's largest creditor group, announced on X that they completed repayment of 120% of principal for creditors under $50,000 on February 18. On May 30, creditors over $50,000 received 72.5% of principal. Future repayments are expected across multiple phases between 2026 and 2027. Creditors over $50,000 will receive the remaining 27.5%, with potential additional legal interest of 40-80% after the bankruptcy filing.
24-Hour Cryptocurrency Perpetual Futures Liquidation Scale
Recent 24-hour cryptocurrency perpetual futures liquidation scale and ratio are as follows:
ETH Liquidation Amount: $51.85 million, Liquidation Ratio: Long 58.3%
BTC Liquidation Amount: $28.19 million, Liquidation Ratio: Long 69.12%
SOL Liquidation Amount: $17.64 million, Liquidation Ratio: Short 67.41%
Sharplink Purchases $12.4 Million in ETH
Nasdaq-listed Sharplink Gaming (SBET), which announced strategic Ethereum reserves, purchased an additional 4,951 ETH ($12.4 million) in the last 5 hours, according to Amber CN. Sharplink currently holds 202,800 ETH with an average purchase price of $2,606.
Movement Withdraws $7.85 Million MOVE from Binance
OnChainLens reported that Movement (MOVE) withdrew 45 million MOVE ($7.85 million) from Binance 7 hours ago. The wallet currently holds 168 million MOVE ($28.07 million) and is recording an unrealized loss of $7.77 million.
7,999 BTC Transfer... Coinbase → Anonymous
According to Whale Alert, 7,999 BTC was transferred from a Coinbase address to an anonymous address. The amount is worth $860 million.
Bloomberg Analyst "95% Probability of LTC·SOL·XRP ETF Approval This Year"
Bloomberg analyst James Seyfarth estimated that "the probability of LTC, SOL, XRP spot ETF and cryptocurrency basket/index ETF being approved this year is 95%".
US Cryptocurrency Theme Stocks Rise 119% This Year
10x Research, a cryptocurrency market analysis firm, reported in their report that "cryptocurrency-related stocks listed in the US stock market have risen 119% since the beginning of the year. This exceeds the year-to-date growth rate of most investment assets, including BTC. In the future, cryptocurrency companies could restructure the US stock market."
Stratis to Rebrand... Focusing on Games and P2E
Layer 1 blockchain platform Stratis (STRAX) announced through X this morning that they will rebrand to focus on games and P2E. Stratis explained that specific details will be revealed soon.
Trump Goods Store Supports TRUMP Payment
The official TrumpMeme channel announced on X that "the Trump Goods Store supports TRUMP payment".
Crypto 'Fear and Greed Index' at 64... Greed Continues
Alternative's self-calculated 'Fear and Greed Index' recorded 64, down 2 points from the previous day. The greed phase continues. The index indicates extreme market fear closer to 0 and extreme optimism closer to 100. The Fear and Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market cap proportion (10%), and Google search volume (10%).
Altcoin Season Index at 21... Down 1 Point from Previous Day
CoinMarketCap's 'Altcoin Season Index' recorded 21, down 1 point from the previous day. The Altcoin Season Index is determined by comparing the price fluctuation rates between the top 100 coins by market cap (excluding stablecoins and wrapped coins) and Bitcoin. If 75% of the top 100 coins have a higher growth rate than Bitcoin over the past 90 days, it is considered an Altcoin Season; otherwise, a Bitcoin Season. The closer to 100, the more it is considered an Altcoin Season.
Coin News Market Briefing on July 1st
As of 9 AM on July 1st, Bitcoin is trading at $107,146, down 1.12%. Among the TOP 100 coins by market cap, the top 3 24-hour gainers are PENGU (+4.85%), XMR (+3.68%), and POL (+1.94%).
BTC Records Highest Monthly Closing Price... $107,140
According to TradingView, Bitcoin closed at $107,140 last month, recording the highest monthly closing price in history.
