24H Hot Coins & Top News｜Clarity Act Not Signed into Law on July 4, August 7 Becomes Key Date; Former Team Member Says POLY Token Won’t Launch Soon (July 6)
- Core View: Market sentiment is mixed with long and short positions, macro data and on-chain indicators show capital divergence. The Coinbase Bitcoin Premium Index remains negative for a record streak, while tokenized stocks and the Polymarket prediction market see significant growth. The delay of the Clarity Act is a key event, with clear signs of institutional capital exiting in the short term.
- Key Factors:
- Binance recorded a weekly net outflow of $1.23 billion, with ETH withdrawal transactions hitting a three-year high; Bitfinex, Gate, and others also saw net outflows. Crypto.com and HashKey saw small-scale net inflows.
- The Coinbase Bitcoin Premium Index has been negative for 48 consecutive days, setting a new all-time record, suggesting continued outflows of US institutional capital, warranting caution over short-term correction risks.
- Samsung’s Q2 operating profit is expected to surge 18-fold, intensifying debate over returns on AI chip investment, with performance becoming a key test for the chip market; Meta, Microsoft, and others have committed $850 billion for data center leases.
- The tokenized stock sector recorded monthly transfer volume of $8.47 billion, a sequential increase of 92.77%; Securitize leads with $270.6 million in on-chain stock volume, and its stock SECZ is now listed.
- Polymarket’s World Cup winner prediction trading volume has exceeded $3.9 billion, with France leading at a 35.1% probability; a former team member confirmed the POLY token will not launch anytime soon, possibly requiring a long wait.
- The Clarity Act was not signed into law on July 4, making August 7 a key timeline; obstacles in the House agenda could further slow the legislative process.
- Solana’s 7-day active addresses increased 38% year-over-year to 31.38 million, ranking first among public chains; Memecoin market cap share dropped to 3.7%, hitting a nearly three-year low.
1. Popular Tokens on CEX
Top 10 CEX Trading Volume and 24-Hour Price Changes:
- BTC: +1.48%
- ETH: +1.68%
- SOL: +1.40%
- BNB: +3.48%
- XRP: +1.22%
- DOGE: +1.65%
- TRX: +1.42%
- ADA: -0.52%
- ZEC: +0.92%
- LTC: +3.27%
24-Hour Gainers List (Data Source: OKX):
- ZEUS: +38.53%
- LIT: +17.82%
- TRB: +12.17%
- NES: +11.29%
- GOAT: +12.49%
- DORA: +8.28%
- GODS: +9.91%
- RESOLV: +8.63%
- PUMP: +8.83%
- AI: +7.99%
24-Hour Crypto Stock Gainers List (Data Source: msx.com):
- AXTI: +5.33%
- ABTC: +4.81%
- EBON: +3.75%
- TGL: +3.64%
- EUV: +3.58%
- KMEM: +3.43%
- CCXI: +3.14%
- AEHR: +3.13%
- CAN: +2.82%
- DISK: +2.7%
2. Top 5 Trending Meme Coins On-Chain (Data Source: GMGN):
- TCC
- HEYI
- BINANCIAN
- AB
- dingaling
Headlines
Clarity Act Not Signed into Law by July 4; August 7 Becomes Key Deadline
White House advisor Patrick Witt stated in May that he hoped the Clarity Act would be signed into law by July 4, but the bill was not enacted by that date. According to CoinDesk, the biggest risk now comes from the House of Representatives. The U.S. House has recently faced resistance in advancing multiple agendas, including key budget bills, raising concerns that decreased legislative efficiency could further slow the progress of the CLARITY Act.
Furthermore, the market views August 7 (the last business day before the Senate's summer recess) as a crucial window for advancing the bill.
Former Polymarket Team Member Says POLY Token Won't Launch Soon, Could Be a Long Wait
In response to community speculation that Polymarket might launch the POLY token in Q4 of this year (or in 2028), former Polymarket team member Greg stated that "the POLY token will not launch anytime soon, and it might be a long wait." Greg added that Polymarket's early hype around the token was purely a business marketing tactic. However, he has since deleted the tweet containing the "business marketing" response.
Industry News
Samsung's Earnings Become Key Test for AI Chip Market; Q2 Operating Profit Expected to Surge 18x
Memory chip manufacturer Samsung Electronics is set to announce its Q2 results on Tuesday. According to the average analyst estimate, preliminary operating profit is expected to be 84.3 trillion won (approximately $55.1 billion), an 18-fold increase year-over-year, and surpassing its total profit for the full year 2025. Revenue is forecast to grow by 127% to a record 169 trillion won. Since June, chip stocks have experienced multiple sharp pullbacks due to concerns over intensifying competition, potential overcapacity, and the return on massive AI investments. This makes Samsung's earnings report even more critical, leaving very little room for disappointment given the already high market expectations.
Dave Mazza, CEO of Roundhill Financial, stated: "Samsung's results come at a time when the market is simultaneously questioning the investment logic for memory chips on both the supply and demand sides. Results close to market expectations could help quell the controversy and be favorable for Samsung."
Spot Gold Hits $4,200/oz, Reaching Two-Week High
According to Gate data, spot gold reached $4,200/oz in early trading, hitting a two-week high and gaining 0.6% on the day.
Data from rwa.xyz shows that Securitize Corp. currently leads the tokenized stock sector with a $270.6 million on-chain stock market cap. Its stock ticker, SECZ, began trading on the New York Stock Exchange on July 2. On the same day, Securitize tokenized its own common stock on Solana and Avalanche via its regulated platform. The total distributed value of the tokenized stock sector reached $1.96 billion, growing 31.84% in 30 days; monthly transfer volume hit $8.47 billion, up 92.77%; total holders reached 403,650, up 17.18%; while monthly active addresses decreased by 84.37% over the same period.
U.S. Tech Giants' Data Center Lease Commitments Hit Record $850 Billion
The Kobeissi Letter, citing Bloomberg, reported that "U.S. tech companies have committed a record $850 billion over the next few years for data center leases, a year-over-year increase of $570 billion (204%) and a quarter-over-quarter increase of $200 billion (31%).
Specifically, Meta added $79 billion in new commitments in Q1 2026, a 76% quarter-over-quarter increase, bringing its total commitment to approximately $183 billion. Microsoft added $41 billion in the same period, up 26% quarter-over-quarter, for a total of roughly $197 billion. Oracle leads with total commitments of about $250 billion, having secured multiple key sites to fulfill its contract with OpenAI."
Coinbase Bitcoin Premium Index in Negative Territory for 48 Consecutive Days, Setting New Record
According to Coinglass data, the Coinbase Bitcoin Premium Index has remained in negative territory for 48 consecutive days (from May 19 to July 5), with the latest reading at -0.0911%. Previously, the index recorded a negative streak of 40 consecutive days from January 16 to February 24 this year, setting the longest consecutive negative record since the indicator's launch, surpassing the roughly 30-day streak seen during the "1011 crash." Historical data suggests that prolonged negative premiums often coincide with the withdrawal of US institutional funds, signaling the need to be cautious of short-term correction pressure.
Project Highlights
Polymarket data shows that the cumulative trading volume for the 2026 World Cup winner prediction market has exceeded $3.9 billion. France's probability of winning has risen to 35.1%, with corresponding trading volume surpassing $94.5 million. Argentina ranks second at 16.8% with a trading volume of $99.99 million, followed by Spain at 12.3%.
According to monitoring by on-chain analyst Sister Ai, Solana's 7-day active address count increased 38% year-over-year to 31.38 million, ranking first among public chains. Transaction count grew by 9.8%, and fees increased by 38%. Today, interest in BSC Meme tokens has risen following a reply from CZ.
DefiLlama data shows that Binance recorded a net outflow of $1.23 billion in the week starting June 29, a 207% increase from approximately $400 million in the previous week. The total monthly net outflow stands at roughly $3.2 billion. CryptoQuant indicates that the number of daily ETH withdrawal transactions on Binance exceeded 166,000, the highest level in over three years. Over the same period, ETH rose about 12.5% over the past seven days, trading at $1,766 at press time; BTC rose 4.3% during the same period, trading at $62,925.
DefiLlama data also shows that Bitfinex saw $407.5 million in outflows over the past week, Gate saw $214.3 million, OKX saw $87.1 million, and Bybit saw $78.4 million. Crypto.com and HashKey Exchange recorded net inflows of approximately $63 million and $53.3 million, respectively, while KuCoin, Gemini, and Bitvavo saw net inflows of $22.1 million, $17.4 million, and $15.8 million.
Fundraising
LinqAlpha Raises $22 Million in Series A Funding Led by AVP and Others
LinqAlpha announced the completion of a $22 million Series A funding round led by AVP, Atinum Investment, and GFT Ventures, with participation from Mirae Asset Venture Investment, Hana Ventures, and Shinhan Venture Investment, among others.
To date, the company's total funding has reached $28.6 million. LinqAlpha primarily provides an AI market intelligence platform for institutional investors, helping investment teams process complex market information through dedicated AI agents. The new funds will be used to enhance market data integration and expand applications to equities, macro, credit, and multi-asset investment strategies.
Regulatory Developments
South Korea Officially Launches 24-Hour Trading Mechanism for Spot USD/KRW Market
South Korea officially launched a 24-hour trading mechanism for the onshore spot USD/KRW market on Monday, aiming to enhance the won's convertibility and secure developed market status in the MSCI Global Index. Under the new system, the onshore spot foreign exchange market will open every Monday at 6:00 AM and trade continuously until Saturday at 6:00 AM, achieving 120 consecutive hours of trading per week. Finance Minister Choi Sang-mok stated that this move will "serve as an important starting point for the globalization of the won."
The prediction market industry, represented by Kalshi, is navigating legal disputes in multiple US states, arguing in intensive court hearings this week that state regulators lack relevant jurisdiction. Legal battles are progressing in Nevada and Michigan, while oral arguments are underway in Minnesota, and cases could potentially be appealed to the US Supreme Court. Meanwhile, North Carolina is nearing a decision to impose state taxes on prediction market revenue.
Voices
Hyperliquid founder Jeff posted on X, stating, "VALR, Africa's largest cryptocurrency exchange, will directly leverage Hyperliquid’s on-chain liquidity to power its core perpetual contracts product. This is a major milestone that will redefine how the next generation of financial applications are built.
The breakthrough of cloud computing was that any startup could quickly test its ideas, confident that the infrastructure would scale with the business. As the most liquid global venue for assets like BTC, Hyperliquid will play a similar role in the global economy. By tapping into the deepest on-chain liquidity, builders can instead focus on their products and users. Heartfelt congratulations to the VALR team. We are honored they chose to build on Hyperliquid. Looking forward to scaling together!"
CryptoQuant author Darkfost posted on X, stating that the current total market cap of Memecoins as a percentage of the total altcoin market cap has dropped to 3.7%, the lowest level since February 2024. Data shows that during the Memecoin frenzy in November 2024, this proportion briefly exceeded 10%. It has now fallen back to 3.7%, indicating a significant decline in the Memecoin sector's share of the altcoin market.
