24H Hot Tokens and Headlines｜Trump Says Short Sellers Are Getting Crushed; Strategy Sold 3,588 BTC Last Week, Valued at Over $220 Million (July 7)

1. Popular CEX Tokens

CEX Top 10 Trading Volume & 24-Hour Change:

• BTC: +0.87%
• ETH: +0.77%
• SOL: +0.40%
• XRP: -0.55%
• BNB: -0.74%
• DOGE: -1.34%
• XLM: -0.55%
• TRX: +0.24%
• ADA: -2.74%
• ZEC: -1.90%

24-Hour Gainers (Data Source: OKX):

• LAT: +60.22%
• BLUR: +42.34%
• EDGE: +40.65%
• YFI: +36.35%
• ZEUS: +22.36%
• HMSTR: +18.02%
• ALLO: +16.59%
• MON: +14.40%
• PYTH: +12.45%
• ZRO: +10.74%

24-Hour Crypto-Stock Gainers (Data Source: msx.com):

• SHAZ: +18.45%
• MNTS: +15.06%
• ICG: +14.39%
• PENG: +13%
• IREN: +12.57%
• QNT: +12.39%
• STXX: +12.06%
• TSLL: +12.03%
• KORU: +10.22%
• NA: +10%

2. On-Chain Top 5 Meme Coins (Data Source: GMGN):

• FREEDOM
• Ben Todar
• bibi
• 5
• Bullify

Headlines

Trump: Short Sellers Are Taking a Heavy Hit

US President Trump stated: "There are some short sellers, they are in big trouble, they are getting liquidated. I never liked short sellers because they are betting against the country."

Trump Responds on Whether 'Trump Account' Could Include Bitcoin: It Could Happen

According to market sources: When asked if the 'Trump Account' could potentially include Bitcoin, Trump said it could happen.

Strategy Sold 3,588 BTC Last Week, Valued Over $220 Million

According to market sources: Strategy reduced its holdings by 3,588 BTC last week, valued at over $220 million. It currently holds 843,775 BTC.

Industry News

BonkDAO Hit by Malicious Governance Proposal Attack, ~$20 Million in BONK Stolen

Bonk Inu's official X account stated that BonkDAO suffered an attack via a malicious governance proposal, resulting in the theft of approximately $20 million worth of BONK tokens from its DAO treasury.

It is reported that the attacker used a suspicious governance proposal to transfer assets from the BonkDAO treasury. The stolen BONK subsequently began flowing to exchanges, exerting downward pressure on the BONK price. The Block data shows that the BONK price has dropped over 9%.

South Korean exchange Upbit subsequently issued an announcement stating that it had temporarily suspended BONK deposits and withdrawals to respond to the incident and mitigate potential risks.

Probability of Fed Holding Rates Steady in July at 74.3%

The probability of the Federal Reserve maintaining interest rates unchanged in July is 74.3%, while the probability of a cumulative 25 basis point rate hike is 25.7%. The probability of the Fed maintaining rates unchanged through September is 42.9%, with a 46.2% chance of a cumulative 25 bps hike and a 10.8% chance of a cumulative 50 bps hike.

Data: USDC Leads USDT in Stablecoin Trading Volume Competition, Monthly Volume Hits New High

According to data from Visa's on-chain data platform, USDC has widened its lead over USDT in stablecoin trading volume for the first half of 2026. Data shows that adjusted stablecoin trading volume rose to $1.79 trillion in June, up 63% from May and 125% year-over-year from June 2025, reaching an all-time high. Visa's data excludes non-genuine economic activity such as bot trading and internal exchange transfers.

Total stablecoin trading volume for the first half of the year reached $8.82 trillion, already exceeding the full-year 2024 level of $5.8 trillion, but still below the record $10.8 trillion set in 2025.

Structurally, USDC accounted for approximately 70% of trading volume in the first half of 2026, while USDT represented about 25%, indicating a significant market share shift towards compliant stablecoins.

Samsung Electronics Q2 Operating Profit Hits 89.4 Trillion KRW, 6% Above Market Expectations

Citrini analyst jukan posted that Samsung Electronics has a market cap of 1,859.1 trillion KRW. Its preliminary consolidated financial results for Q2 2026 show revenue of 171.0 trillion KRW (market expectation: 173.0 trillion KRW, 1% below expectations) and operating profit of 89.4 trillion KRW (market expectation: 84.6 trillion KRW, 6% above expectations). Net profit was not disclosed; market expectation was 73.1 trillion KRW.

Recent quarterly results show: Q1 2026 revenue of 133.9 trillion KRW, operating profit of 57.2 trillion KRW, net profit of 47.2 trillion KRW; Q4 2025 revenue of 93.8 trillion KRW, operating profit of 20.1 trillion KRW, net profit of 19.6 trillion KRW; Q3 2025 revenue of 86.1 trillion KRW, operating profit of 12.2 trillion KRW, net profit of 12.2 trillion KRW; Q2 2025 revenue of 74.6 trillion KRW, operating profit of 4.7 trillion KRW, net profit of 5.1 trillion KRW.

Nvidia Denies Kyber Delay Rumors: Product Roadmap Unaffected

A Nvidia spokesperson responded, stating that the company's product roadmap is unaffected. Research firm SemiAnalysis had previously claimed that the launch of Nvidia's next-generation AI computing architecture, Kyber, could be delayed by 12 months to 2028 due to R&D setbacks. The architecture was originally planned for the next-generation Rubin Ultra GPU. Mizuho Securities analyst Jordan Klein stated that similar rumors about delayed Nvidia products have surfaced multiple times in the market and such news is more like "attention-grabbing noise."

Limitedly impacted by the rumors, Nvidia's stock price still rose approximately 1.2% during Monday's trading session. Kyber is seen as a significant upgrade to Nvidia's data center architecture, adopting a new vertical rack design to enhance computing density and reduce network latency, while potentially driving demand for the data center Co-Packaged Optics (CPO) supply chain.

Project News

ENS DAO Proposes Delegating 5 Million ENS to Multiple Stakeholders to Reshape Governance Structure

ENS community member AvsA proposed a draft suggesting that approximately 5 million ENS tokens held by the DAO be distributed to different governance stakeholders via a multi-delegation contract. This aims to alleviate the current problem of voting power being highly concentrated in the hands of a few delegates. The proposal plans to allocate tokens from the DAO treasury, selecting candidates from stakeholders including users, integrators, developers, traditional domain name service providers, and the governance community based on preset criteria, with an equal delegation of approximately 1 million ENS per category. Delegates receive only voting rights, with no authority to dispose of the tokens; if they fail to participate in voting for six consecutive months, their delegation will be reclaimed and redistributed.

STRC Breaks $90, Up 10.91% in the Last 5 Days

According to MSX.COM data, Strategy's preferred stock STRC has rebounded past the $90 mark, currently trading at $90.2, up 10.91% over the last five days.

Earlier reports indicated that Strategy sold 3,588 bitcoins last week, cashing out $216 million to pay dividends on its digital credit securities. As of July 5, the company's bitcoin reserve had decreased to 843,775, while holding $2.55 billion in U.S. dollar reserves.

Bitmine Added 42,197 ETH Last Week, Total Holdings Exceed 5.74 Million

Ethereum treasury company Bitmine disclosed an addition of 42,197 ETH last week. As of June 28, 2026, its total ETH holdings reached 5,742,237, representing approximately 4.8% of Ethereum's total supply.

To date, Bitmine's total value of cryptocurrencies, cash, and other investment assets stands at approximately $11.1 billion. This includes $527 million in cash and marketable securities, 206 BTC, $180 million in Beast Industries equity assets, and a $71 million investment in Eightco Holdings (ORBS). As of July 5, its staked ETH amounted to 4,879,157 (85% of total holdings), valued at approximately $8.8 billion, with an annualized staking yield of about $235 million.

Investments & Financing

Securitize Plans to Deploy $400 Million for M&A, Strengthening Institutional Tokenization Platform

Securitize CEO Carlos Domingo stated that after completing its NYSE listing, the company will use its approximately $400 million capital reserve to pursue M&A, aiming to expand its institutional-grade asset tokenization business. After completing its listing via a merger with Cantor Fitzgerald's SPAC, the company retained approximately 70% of the trust funds, providing ample cash reserves to support the next phase of expansion.

Carlos Domingo indicated that M&A targets will primarily focus on areas complementary to the tokenization business, rather than direct competitors, with the goal of building a "full-stack tokenization service platform" for institutional clients. Securitize currently serves institutions including BlackRock, KKR, Apollo, and VanEck, and has issued approximately $4.4 billion in tokenized assets, encompassing products like BlackRock's BUIDL fund.

Figure Aims to Raise $600 Million to Acquire AI Real Estate Lending Platform Kiavi

Nasdaq-listed blockchain finance platform Figure Technology Solutions announced its intention to issue senior secured notes to qualified institutional investors to raise $600 million. The specific issuance depends on market conditions. The proceeds from this financing will primarily be used for the cash consideration for the acquisition of Kiavi, as well as for general corporate purposes and related issuance expenses.

Tokenized Sovereign Debt Platform M1X Completes $5.5 Million Seed Round Led by Paradigm

Tokenized sovereign debt startup M1X Global has completed a $5.5 million seed funding round, led by Paradigm, with participation from Breed VC and others.

It is reported that M1X Global previously partnered with the Republic of the Marshall Islands to assist in issuing the on-chain sovereign debt instrument USDM1. This product is a U.S. dollar-denominated sovereign debt instrument, backed 1:1 by U.S. Treasuries and natively issued by a sovereign state on public blockchains. Initially issued on Stellar, USDM1 is now also available on Canton and Solana.

Data Center Operator Csquare Plans NYSE Listing, Aiming to Raise Up to $1.35 Billion

According to a US SEC filing, data center operator Csquare plans to list on the NYSE under the ticker "CSQR". It intends to issue 50 million shares with a price range of $23 to $27 per share. The maximum fundraising scale could reach $1.35 billion, valuing the company at approximately $4.18 billion at the upper end of the price range. This IPO coincides with a global cycle of AI computing power and data center expansion, where demand for infrastructure assets continues to heat up.

Regulatory Developments

U.S. Judge Reinstates Fraud Claims Against Barry Silbert and DCG

A federal judge in the U.S. District Court for the District of Connecticut reinstated common law fraud claims against Digital Currency Group founder Barry Silbert, DCG, and other defendants in a Genesis Yield lawsuit, while allowing federal securities law claims in the case to proceed.

The ruling revised an earlier decision from February of this year. The plaintiffs had previously argued that the court had jurisdiction to hear their state law claims under the Class Action Fairness Act. Judge Stefan Underhill accepted this argument and allowed the relevant state law claims to proceed.

The case revolves around the failed Genesis Yield lending program, which allowed users to deposit crypto assets and earn interest. Investors allege that Silbert, DCG, and other defendants misled clients, knowing full well the company's financial health and risk controls were problematic before Genesis suspended withdrawals and filed for bankruptcy in early 2023.

However, not all state law claims were reinstated. The court dismissed consumer protection-related claims from four states and paused similar claims from three others. Overall, the ruling brings the dispute over fraud liability for DCG and Silbert back to the forefront of the case.

Bloomberg: Trump's Strategic Bitcoin Reserve Plan Faces Legal and Jurisdictional Hurdles

According to Bloomberg, U.S. President Donald Trump's push for a strategic bitcoin reserve is facing legal and jurisdictional issues, with the core debate centered on whether the U.S. Treasury has the legal authority to manage such a reserve.

In the early days of his administration, Trump proposed establishing a strategic bitcoin reserve, with the primary funding source being bitcoin already held by the U.S. government through criminal or civil seizures, and additionally setting up a digital asset stockpile. Related executive orders also required the Treasury and Commerce Departments to develop "budget-neutral" strategies for acquiring bitcoin, meaning they must not increase costs for taxpayers.

However, sources say discussions regarding the reserve have now shifted to whether it should be placed under the Commerce Department rather than managed by the Treasury. Another point of contention is whether the U.S. government can hold BTC "indefinitely" given the volatility of bitcoin's price.

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