24H Hot Coins & Headlines｜Trump says short sellers are getting crushed; Strategy sold 3,588 BTC last week, worth over $220 million (July 7)
- Core Viewpoints: This issue summarizes the latest trends in the cryptocurrency market, covering the rise and fall of popular CEX coins, on-chain hot Meme dynamics, key industry news (Trump's remarks, BonkDAO attack, changes in stablecoin market share), as well as multiple project updates, fundraising events, and regulatory trends.
- Key Elements:
- Market Trends: Mainstream coins like BTC and ETH experienced fluctuations within 3%; LAT (+60.22%) led the gainers; Strategy sold off 3,588 BTC last week, reducing its holdings to 843,775 BTC.
- Security Incident: BonkDAO was hit by a malicious governance proposal attack, resulting in the theft of approximately $20 million worth of BONK. The token's price dropped over 9%, and Upbit suspended deposits and withdrawals.
- Stablecoin Landscape: USDC accounted for approximately 70% of stablecoin transaction volume in the first half of 2026, leading USDT (25%), with total transaction volume reaching a record high of $8.82 trillion.
- Project Updates: ENS DAO plans to delegate 5 million ENS tokens to reshape its governance structure; Bitmine increased its ETH holdings by 42,197 ETH last week, with total holdings exceeding 5.74 million.
- Fundraising: Securitize plans to use $400 million for acquisitions; Figure intends to raise $600 million to acquire Kiavi; sovereign debt platform M1X completed a $5.5 million seed round.
- Regulation & Macro: A fraud lawsuit against DCG was partially reinstated; the probability of the Fed keeping rates unchanged in July is 74.3%; Nvidia denied rumors of Kyber's delay.
1. Popular Tokens on CEX
Top 10 CEX Trading Volume and 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. Top 5 Trending Meme Tokens On-Chain (Data source: GMGN):
- FREEDOM
- Ben Todar
- bibi
- 5
- Bullify
Headlines
Trump: Short Sellers Are Taking a Beating
U.S. President Donald Trump stated: "There are some short sellers, they are in big trouble, they are being liquidated. I never liked short sellers, because they are betting against the country."
Trump Responds to Whether the 'Trump Account' Will Include Bitcoin: It Could Happen
According to market sources: When asked if the "Trump Account" might include Bitcoin, Trump said it could happen.
Strategy Sold 3,588 BTC Last Week, Worth Over $220 Million
According to market sources: Strategy reduced its holdings by 3,588 BTC last week, worth over $220 million. It currently holds 843,775 BTC.
Industry News
BonkDAO Attacked by Malicious Governance Proposal, Approximately $20 Million in BONK Stolen
Bonk Inu's official X account stated that the BonkDAO was attacked by a malicious governance proposal, resulting in the theft of approximately $20 million worth of BONK tokens from its DAO treasury.
Allegedly, the attacker used a suspicious governance proposal to transfer assets from the BonkDAO treasury. The stolen BONK subsequently began flowing to exchanges, putting downward pressure on the BONK price. The Block data shows that the BONK price has fallen over 9%.
Following this, the Korean exchange Upbit announced the temporary suspension of BONK deposits and withdrawals to address the incident and mitigate potential risks.
Fed Probability of Holding Rates Steady in July at 74.3%
The probability of the Fed holding rates steady in July is 74.3%, while the probability of a cumulative 25 basis point rate cut by July is 25.7%. The probability of holding rates steady by September is 42.9%, a cumulative 25 bps cut by September is 46.2%, and a cumulative 50 bps cut by September is 10.8%.
According to Visa's on-chain data platform, USDC has expanded its lead over USDT in stablecoin trading volume during 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% from June 2025, hitting an all-time high. Visa's statistics exclude bot trading, internal exchange transfers, and other non-genuine economic activity.
The total stablecoin trading volume for the first half of the year reached $8.82 trillion, already exceeding the full-year 2024 total of $5.8 trillion, but still below the record $10.8 trillion seen in 2025.
Structurally, USDC accounted for approximately 70% of trading volume in H1 2026, while USDT accounted for about 25%, indicating a significant market share shift towards compliant stablecoins.
Samsung Electronics Q2 Operating Profit 89.4 Trillion KRW, 6% Above Market Expectations
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 estimate) and operating profit of 89.4 trillion KRW (market expectation: 84.6 trillion KRW, 6% above estimate). Net profit was not disclosed, with market expectations at 73.1 trillion KRW.
Recent quarterly performance: Q1 2026 revenue was 133.9 trillion KRW, operating profit 57.2 trillion KRW, net profit 47.2 trillion KRW; Q4 2025 revenue was 93.8 trillion KRW, operating profit 20.1 trillion KRW, net profit 19.6 trillion KRW; Q3 2025 revenue was 86.1 trillion KRW, operating profit 12.2 trillion KRW, net profit 12.2 trillion KRW; Q2 2025 revenue was 74.6 trillion KRW, operating profit 4.7 trillion KRW, net profit 5.1 trillion KRW.
NVIDIA Denies Kyber Delay Rumors: Product Roadmap Unaffected
A spokesperson for NVIDIA responded, stating the company's product roadmap is unaffected. Previously, research firm SemiAnalysis claimed that NVIDIA's next-generation AI computing architecture, Kyber, might be delayed by 12 months to 2028 due to R&D setbacks. The architecture was originally planned for the next-gen Rubin Ultra GPU. Analyst Jordan Klein from Mizuho Securities stated that similar rumors about NVIDIA product delays have surfaced multiple times in the market and are more like "noise seeking attention."
Limitedly affected by the rumors, NVIDIA's stock still rose about 1.2% during Monday's trading session. Kyber is seen as a major upgrade to NVIDIA's data center architecture, adopting a new vertical rack design to improve compute density and reduce network latency, while potentially driving demand for the data center CPO (Co-Packaged Optics) supply chain.
Project News
ENS DAO Proposes Delegating 5 Million ENS to Multi-Stakeholders to Reshape Governance Structure
ENS community member AvsA proposed a draft recommending the DAO delegate approximately 5 million ENS tokens held in its treasury to various governance stakeholders via a multi-delegation contract, aiming to alleviate the current problem of voting power being highly concentrated in a few representatives. The plan proposes allocating tokens from the DAO treasury, selecting candidates from stakeholders such as users, integrators, developers, traditional domain name service providers, and the governance community based on preset criteria, with an equal delegation of about 1 million ENS per category. Delegates only receive voting rights and cannot dispose of the tokens; if they fail to vote 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 above $90, currently trading at $90.2, up 10.91% over the past five days.
As previously reported, 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 reserves dropped to 843,775, while holding $2.55 billion in dollar reserves.
Bitmine Added 42,197 ETH Last Week, Total Holdings Exceed 5.74 Million
Ethereum treasury company Bitmine disclosed adding 42,197 Ether last week. As of June 28, 2026, its total Ethereum holdings reached 5,742,237, accounting for approximately 4.8% of the total Ethereum supply.
As of now, the total value of Bitmine's cryptocurrencies, cash, and other investment assets is approximately $11.1 billion, including $527 million in cash and marketable securities, 206 Bitcoin, $180 million in Beast Industries equity, and a $71 million investment in Eightco Holdings (ORBS). As of July 5, the amount of staked Ether was 4,879,157 (85% of total holdings), valued at approximately $8.8 billion, with an annualized staking yield of about $235 million.
Fundraising
Securitize CEO Carlos Domingo stated that after its NYSE listing, the company plans to utilize its approximately $400 million cash reserve to pursue mergers and acquisitions, expanding its institutional-grade asset tokenization business. After listing via a merger with a Cantor Fitzgerald-affiliated SPAC, the company retained about 70% of the trust funds, providing ample cash reserves for its next phase of expansion.
Carlos Domingo stated that M&A targets will mainly focus on areas complementary to the tokenization business, rather than direct competitors, aiming to build a "full-stack tokenization service platform" for institutional clients. Securitize currently serves institutions including BlackRock, KKR, Apollo, and VanEck, having issued approximately $4.4 billion in tokenized assets, including products like BlackRock's BUIDL fund.
Figure Plans to Raise $600 Million for Acquisition of AI Real Estate Lending Platform Kiavi
Figure Technology Solutions, a Nasdaq-listed blockchain financial platform, announced it will issue senior priority notes to qualified institutional investors to raise $600 million, subject to market conditions. The proceeds from this financing will primarily be used for the cash consideration to acquire Kiavi, along with general corporate purposes and related issuance expenses.
Tokenized Sovereign Debt Platform M1X Raises $5.5 Million Seed Round Led by Paradigm
Tokenized sovereign debt startup M1X Global completed a $5.5 million seed funding round led by Paradigm, with participation from Breed VC and others.
M1X Global previously collaborated with the Republic of the Marshall Islands to assist in issuing an on-chain sovereign debt instrument, USDM1. This product is a tokenized sovereign debt instrument denominated in US dollars, 1:1 backed by US Treasury bonds, and natively issued on a public blockchain by a sovereign nation. USDM1 was initially issued on Stellar and 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 SEC filings, 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, aiming for a maximum fundraising size of $1.35 billion. Based on the upper end of the price range, the company's valuation is approximately $4.18 billion. This IPO comes during a global AI computing and data center expansion cycle, with sustained demand for infrastructure assets.
Regulatory Developments
US Judge Reinstates Fraud Claims Against Barry Silbert and DCG
A federal judge in the District of Connecticut reinstated common law fraud claims brought by investors against Digital Currency Group founder Barry Silbert, DCG, and other defendants in the Genesis Yield lawsuit, while also allowing federal securities law claims in the case to proceed.
The ruling amends an earlier decision by the court from February this year. Plaintiffs had 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 will rehear the related state law claims.
The case revolves around the failed Genesis Yield lending project, which allowed users to deposit crypto assets and earn interest. Investors allege that Silbert, DCG, and other defendants misled clients, knowing 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 claims from four states and stayed related claims from three others. Overall, the ruling refocuses the dispute on fraud liability against DCG and Silbert.
Bloomberg: Trump's Strategic Bitcoin Reserve Plan Faces Legal and Jurisdictional Hurdles
According to Bloomberg, US President Donald Trump's push for a strategic bitcoin reserve faces legal and jurisdictional issues, with the core dispute being whether the US Treasury Department has the legal authority to manage such a reserve.
Early in his term, Trump proposed establishing a strategic bitcoin reserve, primarily funded by bitcoin already held by the US government through criminal or civil forfeitures, alongside a separate digital asset stockpile. Related executive orders also require the Treasury and Commerce Departments to develop "budget-neutral" strategies for acquiring bitcoin, meaning without increasing costs for taxpayers.
However, sources say current discussions about the reserve have shifted towards whether it should be placed under the Commerce Department rather than the Treasury. Another point of contention is whether the US government can "hold BTC indefinitely" given Bitcoin's price volatility.
Notable Voices
Fed Governor Waller: Fed Will Not Deliberately Keep Rates Low
Fed Governor Christopher Waller stated that the Federal Reserve will not deliberately keep interest rates low to help the US government finance its fiscal deficit. He considers setting an inflation target range reasonable. Fed Chair Warsh is reiterating commitment to the 2% target, leaning towards setting an inflation target as a range, but adjusting the target at this stage would undermine the Fed's credibility.
