Jump Crypto-Related Address Transfers $816 Million in BTC to New Address After 2 Years of Inactivity
LookOnChain reported that a Jump Crypto-related address (starting with 1BdXs) that had been dormant for 2 years transferred 7,499 BTC (worth $816 million) to a new wallet address 40 minutes ago.
Swiss Crypto Bank Supports Ripple's RLUSD Trading
According to CoinDesk, the Swiss cryptocurrency bank Amina will provide custody and trading services for Ripple's stablecoin RLUSD. Amina added that it plans to gradually expand RLUSD-related services in the future.
UXLINK Purchases $700,000 in BTC and UXLINK
Web3 social platform UXLINK announced through its official X account that it purchased 1.37 BTC and 468,700 UXLINK, totaling $696,000. UXLINK explained that "according to community voting results, it will invest up to 40% of monthly revenue in BTC and UXLINK." Previously, UXLINK had announced the establishment of a cryptocurrency strategic reserve.
Analysis: "BTC Derivatives Market Active... Potential for Further Increase"
CoinTelegraph analyzed that the Bitcoin derivatives market becoming more active increases the potential for further rise. The media explained that "BTC open interest increased by about $3.2 billion, with most new positions being long positions. Despite the increase in OI, the funding rate remains relatively stable, and market leverage does not appear to be excessive." Crypto analyst Rekt Capital predicted that "BTC will successfully break through the major resistance level of $109,300 this weekend and enter a new price discovery zone."
Arthur Hayes: "Buying US Treasuries is Foolish... Buy BTC"
BitMEX co-founder Arthur Hayes wrote on his blog that "while many financial experts recommend buying US bonds, following this is repeating past mistakes. Buying Bitcoin is a smart choice." He explained that "whether it's the central bank or treasury, they will eventually inject money into the market, and interest rates may fall. However, bond yields will remain minimal. Instead of expecting 5-10% returns from bonds, it's better to bet on Bitcoin or Nasdaq." He further emphasized that "the government's support for the stablecoin market is likely not for fintech companies like Circle, but to provide large banks with a liquidity weapon using stablecoins. Many are waiting for the Fed's quantitative easing signal, but liquidity is already being released in the market. We should focus on the stablecoin trend centered on government and banks, not Circle."
OKX Lists Perpetual Futures for H·AERO·SYRUP
OKX announced through its official website that it will list perpetual futures for H/USDT at 3 PM, AERO/USDT at 3:15 PM, and SYRUP/USDT at 3:30 PM (Korean time), supporting up to 50x leverage.
Upbit Lists MOODENG in KRW, BTC, and USDT Markets
Upbit announced through its official website that it will list MOODENG in KRW, BTC, and USDT markets on July 3 at 5 PM (scheduled).
Bithumb's Suspended RON Surges Over 380%
Ronin (RON) experienced a significant surge on Bithumb after deposit and withdrawal services were temporarily suspended. RON is trading around 2,950 won, a surge of approximately 380%. Bithumb had previously announced a temporary suspension of RON deposits and withdrawals due to a mainnet upgrade on July 3 at 10 AM. The price difference with Binance (Kimchi Premium) is about 350%.
Coinone Temporarily Suspends INJ Deposits and Withdrawals
Coinone announced a temporary suspension of Injective (INJ) deposits and withdrawals at 12:45 PM on the 3rd for mainnet changes and swapping.
Upbit to Temporarily Suspend AKT and XEC Deposits and Withdrawals
Upbit announced a temporary suspension of Akash Network (AKT) and eCash (XEC) deposits and withdrawals from 11 PM on the 10th due to wallet system maintenance.
Bithumb Temporarily Suspends HP Deposits and Withdrawals
Bithumb announced through its official website a temporary suspension of Hyper Protocol (HP) deposits and withdrawals from 3 PM on the 14th to support network upgrades.
Bithumb Designates WOM and KWENTA as Cautionary Trading Items
Bithumb announced through its official website the designation of WOM Token and Kwenta as cautionary trading items. Deposits for these items will be suspended from 3 PM on July 3.
BTC Long/Short Ratio at Top 3 Futures Exchanges
The recent 24-hour BTC perpetual futures long/short position ratio based on open interest at the world's top 3 cryptocurrency futures exchanges is as follows:
Overall Exchanges: Long 51.78% / Short 48.22%
1. Binance: Long 52.31% / Short 47.69%
2. Bybit: Long 51.19% / Short 48.81%
3. Gate.io: Long 54.05% / Short 45.95%
[Interview] BICO: "Beyond Infrastructure to AI Adoption... Building Comprehensive Web3 Solutions"
Since the emergence of blockchain technology, the industry has continuously strived to apply and utilize it in real life. However, practically speaking, numerous invisible details exist for blockchain technology to become commercialized. This means that to smoothly operate cross-chain interoperability, account abstraction, and decentralized applications, a stable infrastructure is needed to support them. Today, CoinNews met Filip Milosheski, Head of Marketing at BICO, who has been quietly expanding market share in the infrastructure sector and recently announced the launch of an on-chain trading platform with AI integration, to understand their vision.
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