ReserveOne to Pursue Nasdaq Listing, Aiming to Raise $1 Billion
According to The Block, ReserveOne, a cryptocurrency asset management company established inspired by Strategy's Bitcoin acquisition strategy, is pursuing a Nasdaq listing through a merger with the special purpose acquisition company M3-Brigade. They plan to raise over $1 billion. They intend to hold various cryptocurrencies including BTC, ETH, and SOL. Their revenue model involves staking and lending. Galaxy Digital, Blockchain.com, FalconX, Kraken, Pantera Capital, Hivemind, and Parafi have participated in the funding.
Biosig Seeks $110 Million to Tokenize Gold on Solana
Medical technology company Biosig Technologies (BSGM), which merged with tokenization company Streamex, announced signing a contract to raise up to $110 million for RWA (real-world asset) gold tokenization and platform expansion. Streamex plans to issue gold and other commodity-based tokens through a Solana-based platform.
US Treasury Sanctions North Korean Crypto Hacker Song Geumhyuk
According to CoinDesk, the US Treasury has blacklisted North Korean crypto hacker Song Geumhyuk. The Treasury stated that North Korea is generating significant revenue by deploying IT workers worldwide.
ProShares Ultra XRP ETF Registered with DTCC
ProShares' Ultra XRP ETF has been registered with the Depository Trust & Clearing Corporation (DTCC) with the ticker UXRP. It is a 2x leveraged ETF. DTCC ticker registration proceeds independently of SEC review and does not guarantee listing.
US House Claims "Historic Measures" to Remain Crypto Capital
According to Solid Intel, the US House stated it is taking "historic measures to ensure the US remains the world's cryptocurrency capital".
EigenLabs Lays Off 25% of Staff
According to Blockworks, EigenLabs (EIGEN) has laid off 29 employees, representing 25% of its staff, to focus on the Ethereum restaking layer EigenCloud. The company stated financial reasons were not behind the layoff.
Nasdaq-Listed Upexi Increases SOL Holdings by 8% from May End
Upexi, a Nasdaq-listed e-commerce company that incorporated Solana as a treasury asset, reported holding 735,692 SOL, an 8.2% increase from its May-end holdings. According to The Block, Upexi is staking SOL to earn an additional 8% annual yield.
Phantom Wallet Supports Hyperliquid Trading for EU Users
EU users can now engage in perpetual futures trading on Hyperliquid through the Phantom Wallet. Originally launched as a Solana wallet, Phantom now supports Ethereum, Polygon, Base, and Sui chains.
Coinbase Supports SQD, TIA, XYO, TAO Trading for New York Residents
Coinbase announced the launch of trading support for SQD, TIA, XYO, and TAO for New York residents.
Binance Lists TANSSI in Perpetual Futures and Alpha
Binance Alpha announced the addition of Tanssi Network (TANSSI). Perpetual futures trading will be available from July 9th at 8:30 PM. Binance Alpha is an on-chain trading platform within Binance Wallet, focusing on early-stage coin listings. Alpha coins may potentially be listed on Binance spot and perpetual futures, but this is not 100% guaranteed.
Volkswagen Autonomous Subsidiary to Use Solana-Based Hivemapper
According to CoinDesk, Volkswagen's autonomous driving subsidiary ADMT will use Hivemapper's Bee Maps on Solana for real-time map data collection. Bee Maps participants collect street images and receive crypto rewards, helping validate Volkswagen's autonomous driving technology.
Mega Whales' ETH Holdings Reach 41.06 Million, Continuing Upward Trend
According to CoinTelegraph, mega whales holding over 10,000 ETH have recovered from a low of 37.56 million ETH in October 2024 to over 41.06 million ETH, a 9.31% increase. This growth is steeper than pre-2022 rally levels.
$250 Million USDC Newly Issued
According to Whale Alert, $250 million USDC was newly issued from the USDC Treasury address.
Cumberland Withdraws 13,100 ETH from Binance
According to LookOnChain, a Cumberland-related address withdrew 13,100 ETH ($33.58 million) from Binance four hours ago.
BTC, ETH Short Whales Partially Liquidated, $17.11 Million Loss
On-chain Lens reported that the trader @qwatio, who took 40x BTC and 25x ETH shorts on Hyperliquid, was partially liquidated again, currently experiencing a $17.11 million loss.
Sui-Based tBTC TVL Reaches $1 Million
Sui reported that tBTC, issued on Sui the previous day, has nearly reached a TVL of $1 million.
Analysis: BTC Long-Term Holders Possess Over 80% of Supply, Suggesting Rally
According to CoinTelegraph, when Bitcoin long-term holders possessed over 80% of the supply, BTC has historically risen up to 84%. A similar fractal pattern suggests a potential rally. Currently, investors holding BTC for at least 155 days represent 80% of holdings. In Bitcoin's 15-year history, long-term holder supply exceeding 80% has occurred only twice.
Trump: "Powell Should Resign Immediately"
Former US President Donald Trump stated that Jerome Powell, Federal Reserve Chair, should resign immediately.
Trump Pressures Powell Again for Rate Cut
Donald Trump again emphasized that Powell should immediately cut interest rates.
US Stock Indices Close Mixed
US stock indices closed mixed:
S&P500: -0.07%
Nasdaq: +0.07%
Dow: -0.37%
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