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

1. Popular Tokens on CEX

Top 10 CEX Trading 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 (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-Equity 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 On-Chain Meme Tokens (Data Source: GMGN):

• FREEDOM
• Ben Todar
• bibi
• 5
• Bullify

Top News

Trump: Short Sellers Are Taking a Heavy Hit

U.S. President Donald Trump stated: "There are some short sellers, they are in a lot of trouble, they are being 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" might include Bitcoin, Trump said it could happen.

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

According to market sources: Strategy sold 3,588 BTC last week, valued at over $220 million. Its current holdings are 843,775 BTC.

Industry Highlights

BonkDAO Attacked via Malicious Governance Proposal, ~$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.

Reportedly, the attacker transferred assets from the BonkDAO treasury through a suspicious governance proposal. 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%.

South Korean exchange Upbit subsequently announced a temporary suspension of BONK deposits and withdrawals in response to the incident and to mitigate potential risks.

Fed's Probability of Holding Rates Steady in July Stands at 74.3%

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

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

According to Visa's on-chain data platform, USDC has widened its lead over USDT in stablecoin trading volumes during H1 2026. Data shows that adjusted stablecoin trading volume in June rose to $1.79 trillion, a 63% increase from May and a 125% increase year-over-year, hitting an all-time high. Visa's statistics exclude non-genuine economic activities such as bot trading and intra-exchange transfers.

The total stablecoin trading volume for H1 reached $8.82 trillion, surpassing the $5.8 trillion recorded for the full year of 2024, but still below the record $10.8 trillion set in 2025.

Structurally, USDC accounted for approximately 70% of volumes in H1 2026, while USDT accounted for 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' market cap is 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); operating profit of 89.4 trillion KRW (market expectation: 84.6 trillion KRW, 6% above expectations); net profit was not disclosed (market expectation: 73.1 trillion KRW).

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

Nvidia Denies Kyber Delay Rumors: Product Roadmap Unaffected

An Nvidia spokesperson responded, stating the company's product roadmap is unaffected. This follows research firm SemiAnalysis claiming that Nvidia's next-generation AI compute 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. Mizuho Securities analyst Jordan Klein noted that similar rumors about Nvidia product delays have emerged repeatedly in the market and are more like "attention-grabbing noise."

With limited impact from the rumors, Nvidia's stock was still up about 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 increase compute density and reduce network latency, while potentially driving demand for the data center co-packaged optics (CPO) supply chain.

Project Updates

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

ENS community member AvsA proposed a draft suggesting allocating approximately 5 million ENS tokens held by the DAO to various governance participants through a multi-delegation contract. This aims to alleviate the current issue of voting power being highly concentrated among a few delegates. The plan involves transferring tokens from the DAO treasury, selecting candidates from stakeholders like users, integrators, developers, traditional domain service providers, and the governance community based on preset criteria, delegating roughly 1 million ENS to each category. Delegates would only receive voting rights, not token disposal rights. If they fail to vote for six consecutive months, their delegated tokens would be reclaimed and redistributed.

STRC Surpasses $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.

Previously, Strategy sold 3,588 Bitcoins last week, netting $216 million to pay dividends on its digital credit securities. As of July 5th, 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 ETH last week. As of June 28, 2026, its total ETH holdings reached 5,742,237, representing approximately 4.8% of the total ETH supply.

To date, the total value of cryptocurrency, cash, and other investment assets held by Bitmine is approximately $11.1 billion, including $527 million in cash and marketable securities, 206 BTC, $180 million in equity assets of Beast Industries, 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, generating an annualized staking yield of approximately $235 million.

Funding & Investments

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

Securitize CEO Carlos Domingo stated that after completing its NYSE listing, the company will utilize its ~$400 million cash reserve to pursue M&A and expand its institutional-grade asset tokenization business. By retaining about 70% of trust funds after merging with a Cantor Fitzgerald-affiliated SPAC, the company now has ample cash reserves to support the next phase of expansion.

Carlos Domingo said M&A targets will primarily 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 finance platform Figure Technology Solutions announced plans 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 to acquire Kiavi, as well as for general corporate purposes and related issuance expenses.

Tokenized Sovereign Debt Platform M1X Raises $5.5M Seed Round Led by Paradigm

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

M1X Global previously collaborated with the Republic of the Marshall Islands to facilitate the issuance of an on-chain sovereign debt instrument, USDM1. This product is a U.S. dollar-denominated sovereign debt instrument, 1:1 backed by U.S. Treasuries, 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 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 offer 50 million shares at an expected price range of $23 to $27 per share, 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 amid a global AI compute and data center expansion cycle, with sustained high 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 against Digital Currency Group founder Barry Silbert, DCG, and other defendants in a lawsuit related to Genesis Yield, while also allowing related federal securities law claims to proceed.

The ruling modified an earlier decision by the court in February. 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 reheard the related state law claims.

The case revolves around the defunct Genesis Yield lending program, which allowed users to deposit crypto assets and earn interest. Investors alleged 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 claims from four states and paused related claims from three others. Overall, the ruling re-centers the fraud liability dispute against DCG and Silbert as a focal point of the case.

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

According to Bloomberg, President Donald Trump's push for a Strategic Bitcoin Reserve is facing legal and jurisdictional issues, with the core dispute being whether the U.S. Treasury Department has the legal authority to manage the reserve.

Early in his term, Trump proposed establishing a Strategic Bitcoin Reserve, primarily funded with Bitcoin already held by the U.S. government through criminal or civil forfeitures, along with a separate Digital Asset Stockpile. Relevant executive orders also require the Treasury and Commerce Departments to develop "budget-neutral" strategies for acquiring Bitcoin, meaning they cannot increase taxpayer costs.

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

Key Voices

Fed Governor Waller: Fed Will Not Deliberately Maintain Low Rates

Fed Governor Christopher Waller stated that the Fed will not deliberately maintain low interest rates to help the U.S. government finance its fiscal deficit. He noted that considering setting an inflation target range is reasonable. Fed Chair Warsh reiterated a commitment to the 2% target, leaning towards setting an inflation target as a range, but adjusting