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

1. CEX Hot Tokens

CEX Top 10 by Volume & 24h 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%

24h Gainers List (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%

24h Crypto-Stock Gainers List (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 Hot Meme Coins On-Chain (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 being liquidated. I've never liked short sellers because they are betting against the country."

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

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

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

According to market sources: Strategy sold 3,588 BTC last week, worth over $220 million. It currently holds 843,775 BTC.

Industry News

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

Bonk Inu's official X account stated that BonkDAO suffered a malicious governance proposal attack, 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 BONK's price. The Block data shows that the BONK price has fallen over 9%.

Korean exchange Upbit subsequently issued a notice stating it had temporarily suspended BONK deposits and withdrawals to address the incident and mitigate potential risks.

Probability of Fed Holding Rates Steady in July is 74.3%

The probability of the Fed maintaining interest rates unchanged in July is 74.3%, while the probability of a cumulative 25-basis-point hike is 25.7%. The probability of the Fed maintaining rates unchanged by September is 42.9%, the probability of a cumulative 25 bps hike is 46.2%, and the probability of a cumulative 50 bps hike is 10.8%.

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

According to statistics from 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 in June rose to $1.79 trillion, an increase of 63% from May and 125% from June 2025, hitting a record high. Visa's statistics exclude non-genuine economic activities such as bot trading and internal exchange transfers.

Total stablecoin trading volume in the first half of the year reached $8.82 trillion, surpassing 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 volume in H1 2026, while USDT accounted for around 25%, indicating a significant market share shift towards compliant stablecoins.

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

Citrini analyst jukan posted that Samsung Electronics, with a market cap of 1859.1 trillion KRW, reported preliminary consolidated financial results for Q2 2026: revenue was 171.0 trillion KRW (market expectation 173.0 trillion KRW, 1% below expectation); operating profit was 89.4 trillion KRW (market expectation 84.6 trillion KRW, 6% above expectation); net profit was not disclosed (market expectation 73.1 trillion KRW).

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

Nvidia Denies Kyber Delay Rumors: Product Roadmap Unaffected

An Nvidia spokesperson responded, stating that the company's product roadmap remains unaffected. Earlier, 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-generation RubinUltraGPU. Mizuho Securities analyst Jordan Klein stated that rumors of delayed Nvidia products have emerged multiple times in the market, and such news is more like "attention-grabbing noise."

Despite the rumors having a limited impact, Nvidia's stock price still rose approximately 1.2% during Monday's trading session. Kyber is considered a major upgrade to Nvidia's data center architecture, adopting a new vertical rack design to increase computing density and reduce network latency, while also potentially driving demand for the data center co-packaged optics (CPO) supply chain.

Project News

ENS DAO Proposes Delegating 5 Million ENS Tokens to Multi-Stakeholders to Restructure Governance

ENS community member AvsA proposed a draft suggesting that the ~5 million ENS tokens held by the DAO be allocated to different governance stakeholders via a multi-delegation contract. This aims to alleviate the current issue of voting power being highly concentrated in the hands of a few representatives. The proposal outlines allocating tokens from the DAO treasury, selecting candidates among stakeholders such as users, integrators, developers, traditional domain name service providers, and the governance community based on preset criteria, delegating roughly 1 million ENS tokens per category. Delegates only receive voting rights, with no authority to dispose of tokens; if they fail to vote for 6 consecutive months, their delegated tokens will be reclaimed and redistributed.

STRC Breaks Above $90, Up 10.91% Over the Past 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 5 days.

Earlier, Strategy sold 3,588 Bitcoin last week, cashing out $216 million to pay dividends on its digital credit securities. As of July 5th, the company's Bitcoin reserves decreased to 843,775, while holding $2.55 billion in cash reserves.

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

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

To date, the total value of cryptocurrencies, cash, and other investment assets held by Bitmine 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 5th, its staked Ethereum amount was 4,879,157 (85% of total holdings), worth approximately $8.8 billion, generating an annualized staking yield of about $235 million.

Funding & Investments

Securitize Plans to Use $400 Million in Funds for M&A to Strengthen Institutional Tokenization Platform

Securitize CEO Carlos Domingo stated that after going public on the NYSE, the company will utilize approximately $400 million in capital reserves to pursue mergers and acquisitions, expanding its institutional-grade asset tokenization business. After going public via a merger with Cantor Fitzgerald's SPAC, the company retained about 70% of the trust funds, providing ample cash reserves to support the 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 to Acquire AI Real Estate Lending Platform Kiavi

Nasdaq-listed blockchain financial platform Figure Technology Solutions announced it will issue senior priority notes to qualified institutional investors to raise $600 million, contingent on market conditions. The proceeds from this financing will primarily be used for the cash consideration to acquire Kiavi, as well as for general corporate purposes and related issuance expenses.

Tokenized Sovereign Debt Platform M1X Completes $5.5M 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.

It is reported that M1X Global previously collaborated with the Republic of the Marshall Islands to assist in issuing the on-chain sovereign debt instrument USDM1. This product is a tokenized sovereign debt instrument denominated in USD, 1:1 backed by US Treasuries, and natively issued on a public blockchain by a sovereign state. USDM1 was initially issued on Stellar and is now also available on Canton and Solana.

Data Center Operator Csquare Plans to Raise Up to $1.35B in NYSE IPO

According to SEC filings, data center operator Csquare plans to list on the NYSE under the ticker "CSQR". The company intends to issue 50 million shares at a price range of $23 to $27 per share, with a maximum offering size of $1.35 billion. Based on the upper end of the offering price, the company's valuation is approximately $4.18 billion. This IPO comes amidst a global cycle of AI computing power and data center expansion, with sustained high demand for infrastructure assets.

Regulatory Developments

US Judge Reinstates Fraud Claims Against Barry Silbert and DCG

A US federal judge in the District of Connecticut reinstated common law fraud claims by investors in the Genesis Yield lawsuit against Digital Currency Group founder Barry Silbert, DCG, and other defendants, while allowing federal securities law-related claims in the case to proceed.

The ruling amends an earlier decision by the court in February. Plaintiffs had previously argued that the court had the authority to hear their state law claims under the Class Action Fairness Act. Judge Stefan Underhill accepted this argument and revisited the relevant 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 customers, knowing about the company's financial health and risk control problems 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 stayed related claims from three other states. Overall, the ruling brings the dispute over fraud liability against DCG and Silbert back into focus.

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

According to Bloomberg, US President Trump's planned Strategic Bitcoin Reserve is facing legal and jurisdictional issues, with the core dispute being whether the US Treasury Department has the legal authority to manage the 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, along with a separate Digital Asset Stockpile. The relevant executive order also required the Treasury and Commerce Departments to develop a 'budget-neutral' strategy for acquiring Bitcoin, meaning no additional cost to taxpayers.

However, sources say discussions around the reserve have now shifted to whether it should be placed under the Department of Commerce instead of the Treasury. Another point of contention is whether the US government can 'indefinitely' hold BTC, given Bitcoin's price volatility.

Notable Voices

Fed Governor Waller: Fed Will Not Intentionally Keep Rates Low

Fed Governor Christopher Waller stated that the Fed will not intentionally keep interest rates low to help the US government finance its fiscal deficit. He said considering setting an inflation target range is reasonable. Fed Chairman Warsh is reiterating the commitment to the 2% target and prefers