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On-chain XRP demand is rising…19-month lowXRP (XRP) is holding above the $1.00 support level amid a broader downturn. Meanwhile, on-chain activity is increasing.
New wallet activity by whales and exchange-traded funds (ETFs) suggests that users are entering even amid price uncertainty. It shows that demand exists beneath the surface.
Despite the XRP price drop, steady demand continues
As with the overall cryptocurrency market, XRP has experienced a sharp decline this month. Altcoin prices hit a low of $1.01 on June 25 for the first time in 19 months. It is currently trading near $1.05, down 0.18% from the day before.
On-chain XRP demand is rising…19-month low
XRP (XRP) is holding above the $1.00 support level amid a broader downturn. Meanwhile, on-chain activity is increasing.
New wallet activity by whales and exchange-traded funds (ETFs) suggests that users are entering even amid price uncertainty. It shows that demand exists beneath the surface.
Despite the XRP price drop, steady demand continues
As with the overall cryptocurrency market, XRP has experienced a sharp decline this month. Altcoin prices hit a low of $1.01 on June 25 for the first time in 19 months. It is currently trading near $1.05, down 0.18% from the day before.
New wallet activity by whales and exchange-traded funds (ETFs) suggests that users are entering even amid price uncertainty. It shows that demand exists beneath the surface.
Despite the XRP price drop, steady demand continues
As with the overall cryptocurrency market, XRP has experienced a sharp decline this month. Altcoin prices hit a low of $1.01 on June 25 for the first time in 19 months. It is currently trading near $1.05, down 0.18% from the day before.
Australia to change crypto transfer rules for all exchanges starting July 1Australia’s crypto travel rule will take effect on July 1. All regulated exchanges must attach the sender and beneficiary identity information to every deposit and withdrawal transaction, with no minimum amount threshold.
The regulation takes effect on the same day as the MiCA license deadline in Europe. Australia is caught in a trend of strengthening cryptocurrency regulations across major markets.
How Australia’s travel rule changes for crypto users
This measure is the final step in Australia’s comprehensive revision of its Anti-Money Laundering (AML)/Counter-Terrorism Financing (CTF) regime passed in November 2024. The major reforms have been in effect since March. The regulation is enforced by AUSTRAC, Australia’s financial intelligence agency, and applies to all transfers regardless of the amount.
Australia to change crypto transfer rules for all exchanges starting July 1
Australia’s crypto travel rule will take effect on July 1. All regulated exchanges must attach the sender and beneficiary identity information to every deposit and withdrawal transaction, with no minimum amount threshold.
The regulation takes effect on the same day as the MiCA license deadline in Europe. Australia is caught in a trend of strengthening cryptocurrency regulations across major markets.
How Australia’s travel rule changes for crypto users
This measure is the final step in Australia’s comprehensive revision of its Anti-Money Laundering (AML)/Counter-Terrorism Financing (CTF) regime passed in November 2024. The major reforms have been in effect since March. The regulation is enforced by AUSTRAC, Australia’s financial intelligence agency, and applies to all transfers regardless of the amount.
The regulation takes effect on the same day as the MiCA license deadline in Europe. Australia is caught in a trend of strengthening cryptocurrency regulations across major markets.
How Australia’s travel rule changes for crypto users
This measure is the final step in Australia’s comprehensive revision of its Anti-Money Laundering (AML)/Counter-Terrorism Financing (CTF) regime passed in November 2024. The major reforms have been in effect since March. The regulation is enforced by AUSTRAC, Australia’s financial intelligence agency, and applies to all transfers regardless of the amount.
Andreessen joins the defense committee…no public rulesMarc Andreessen (co-founder of Andreessen Horowitz, a16z) joined the U.S. Defense Policy Board on June 29. This places one of Silicon Valley’s most influential venture investors at the center of the U.S. national security strategy.
Former Secretary of War Pete Hegseth announced the committee, appointing Robert Lighthizer, former U.S. Trade Representative, as chair. Andreessen is one of 13 additional commissioners appointed together, including Norm Coleman, the former U.S. senator, who was named vice chair.
Andreessen joins the defense committee…no public rules
Marc Andreessen (co-founder of Andreessen Horowitz, a16z) joined the U.S. Defense Policy Board on June 29. This places one of Silicon Valley’s most influential venture investors at the center of the U.S. national security strategy.
Former Secretary of War Pete Hegseth announced the committee, appointing Robert Lighthizer, former U.S. Trade Representative, as chair. Andreessen is one of 13 additional commissioners appointed together, including Norm Coleman, the former U.S. senator, who was named vice chair.
Former Secretary of War Pete Hegseth announced the committee, appointing Robert Lighthizer, former U.S. Trade Representative, as chair. Andreessen is one of 13 additional commissioners appointed together, including Norm Coleman, the former U.S. senator, who was named vice chair.
Solana more active than Ethereum… why is that?Solana (SOL) is performing exceptionally well compared to the entire cryptocurrency market. It has maintained an uptrend over the past 7 days, which stands out amid the overall down market.
According to data, Solana (SOL) is seeing its price rise as two types of trading—real-world assets (RWA) and speculative trades—are being used simultaneously to draw in users.
Solana shows differentiated movement during a down market
SOL is currently trading at about $73.54. It has risen by about 7% over the past 7 days. Bitcoin (BTC) has fallen by about 4.9% over the same period, and Ethereum (ETH) is down about 6%.
Solana more active than Ethereum… why is that?
Solana (SOL) is performing exceptionally well compared to the entire cryptocurrency market. It has maintained an uptrend over the past 7 days, which stands out amid the overall down market.
According to data, Solana (SOL) is seeing its price rise as two types of trading—real-world assets (RWA) and speculative trades—are being used simultaneously to draw in users.
Solana shows differentiated movement during a down market
SOL is currently trading at about $73.54. It has risen by about 7% over the past 7 days. Bitcoin (BTC) has fallen by about 4.9% over the same period, and Ethereum (ETH) is down about 6%.
According to data, Solana (SOL) is seeing its price rise as two types of trading—real-world assets (RWA) and speculative trades—are being used simultaneously to draw in users.
Solana shows differentiated movement during a down market
SOL is currently trading at about $73.54. It has risen by about 7% over the past 7 days. Bitcoin (BTC) has fallen by about 4.9% over the same period, and Ethereum (ETH) is down about 6%.
1
China’s LongCat-2.0 Becomes the Largest AI Model Without Nvidia ChipsChina has for the first time unveiled the largest AI model trained without using any Nvidia chips. Meituan presented an open-source large language model with 160 billion parameters called LongCat-2.0. This Beijing-based food delivery giant carried out the entire project using domestic hardware.
This achievement changes how the global AI industry views China’s push for technological self-reliance.
China’s LongCat-2.0 Becomes the Largest AI Model Without Nvidia Chips
China has for the first time unveiled the largest AI model trained without using any Nvidia chips. Meituan presented an open-source large language model with 160 billion parameters called LongCat-2.0. This Beijing-based food delivery giant carried out the entire project using domestic hardware.
This achievement changes how the global AI industry views China’s push for technological self-reliance.
This achievement changes how the global AI industry views China’s push for technological self-reliance.
3 Top Altcoins Whale Buying Before July 2026Crypto whales are rebalancing their positions for July. This is shown by on-chain flows. Over the past 24 hours, major tokens have fallen, but BeInCrypto analysts tracking large wallets have identified three altcoins that are seeing fresh accumulation in July.
This selection is based not on price predictions, but on changes in whales’ holdings and Hard Protocol data.
Aave (AAVE)
Aave is at the center of the July altcoin list. This is because Aave’s on-chain foundation continues to expand. Whale buying here is coming not from large addresses, but from mid-sized holders.
3 Top Altcoins Whale Buying Before July 2026
Crypto whales are rebalancing their positions for July. This is shown by on-chain flows. Over the past 24 hours, major tokens have fallen, but BeInCrypto analysts tracking large wallets have identified three altcoins that are seeing fresh accumulation in July.
This selection is based not on price predictions, but on changes in whales’ holdings and Hard Protocol data.
Aave (AAVE)
Aave is at the center of the July altcoin list. This is because Aave’s on-chain foundation continues to expand. Whale buying here is coming not from large addresses, but from mid-sized holders.
This selection is based not on price predictions, but on changes in whales’ holdings and Hard Protocol data.
Aave (AAVE)
Aave is at the center of the July altcoin list. This is because Aave’s on-chain foundation continues to expand. Whale buying here is coming not from large addresses, but from mid-sized holders.
1
Ogilvy Spain CEO: ‘AI uses only the past… humans shape the future’“Artificial intelligence can be scaled to customize ads for every person. But human creativity can never be replaced,” says Jordi Urbea, CEO of Ogilvy Spain. He argues that AI only processes the past, while creativity builds the future.
Urbea was interviewed by BeInCrypto at the Ibiza Tech Forum 2026. He applies artificial intelligence to major brand campaigns every day. This practitioner’s viewpoint lends weight to his claim that emotions and surprise are within the realm of humans.
Ogilvy Spain CEO: ‘AI uses only the past… humans shape the future’
“Artificial intelligence can be scaled to customize ads for every person. But human creativity can never be replaced,” says Jordi Urbea, CEO of Ogilvy Spain. He argues that AI only processes the past, while creativity builds the future.
Urbea was interviewed by BeInCrypto at the Ibiza Tech Forum 2026. He applies artificial intelligence to major brand campaigns every day. This practitioner’s viewpoint lends weight to his claim that emotions and surprise are within the realm of humans.
Urbea was interviewed by BeInCrypto at the Ibiza Tech Forum 2026. He applies artificial intelligence to major brand campaigns every day. This practitioner’s viewpoint lends weight to his claim that emotions and surprise are within the realm of humans.
5
MiCA deadline approaching… 3 digital asset stocks to watch in the EUThe July 1 MiCA deadline is a crypto story, but some of the biggest beneficiaries are traded on stock exchanges. As Europe pushes unlicensed companies out, a small number of listed MiCA beneficiaries—so-called “MiCA stocks”—are drawing attention.
BeInCrypto’s analysis team examined institutional fund flows and options positioning to select three stocks that traders are focused on.
Circle Internet Group (CRCL)
The Circle is located at the heart of the July 1 MiCA deadline. So it’s the first stock among the three MiCA stocks you should pay attention to. This regulation removes from the EU market any euro-denominated stablecoin that does not comply with the rules. The move directly benefits Circle. EURC currently holds about half of the euro stablecoin market, and USDC is recognized—under the rules—as one of the top 10 stablecoins.
MiCA deadline approaching… 3 digital asset stocks to watch in the EU
The July 1 MiCA deadline is a crypto story, but some of the biggest beneficiaries are traded on stock exchanges. As Europe pushes unlicensed companies out, a small number of listed MiCA beneficiaries—so-called “MiCA stocks”—are drawing attention.
BeInCrypto’s analysis team examined institutional fund flows and options positioning to select three stocks that traders are focused on.
Circle Internet Group (CRCL)
The Circle is located at the heart of the July 1 MiCA deadline. So it’s the first stock among the three MiCA stocks you should pay attention to. This regulation removes from the EU market any euro-denominated stablecoin that does not comply with the rules. The move directly benefits Circle. EURC currently holds about half of the euro stablecoin market, and USDC is recognized—under the rules—as one of the top 10 stablecoins.
BeInCrypto’s analysis team examined institutional fund flows and options positioning to select three stocks that traders are focused on.
Circle Internet Group (CRCL)
The Circle is located at the heart of the July 1 MiCA deadline. So it’s the first stock among the three MiCA stocks you should pay attention to. This regulation removes from the EU market any euro-denominated stablecoin that does not comply with the rules. The move directly benefits Circle. EURC currently holds about half of the euro stablecoin market, and USDC is recognized—under the rules—as one of the top 10 stablecoins.
3
AI-exposed industries: employment declines continue after dropping by 55,000 per monthEmployment is declining across industries where AI adoption is becoming widespread. In these sectors, an average of about 11,000 jobs disappear each month over the past three months.
This figure was shared by ‘The Kobeissi Letter.’ This is one of the clearest signals that automation is changing the office-based hiring landscape.
Shift in the trend of employment decline across industries using AI
The Kobeissi Letter reported that since mid-2023, these fields have recorded net hiring increases for only two months.
AI-exposed industries: employment declines continue after dropping by 55,000 per month
Employment is declining across industries where AI adoption is becoming widespread. In these sectors, an average of about 11,000 jobs disappear each month over the past three months.
This figure was shared by ‘The Kobeissi Letter.’ This is one of the clearest signals that automation is changing the office-based hiring landscape.
Shift in the trend of employment decline across industries using AI
The Kobeissi Letter reported that since mid-2023, these fields have recorded net hiring increases for only two months.
This figure was shared by ‘The Kobeissi Letter.’ This is one of the clearest signals that automation is changing the office-based hiring landscape.
Shift in the trend of employment decline across industries using AI
The Kobeissi Letter reported that since mid-2023, these fields have recorded net hiring increases for only two months.
California State Government Agencies Push for 50% Discount on ClaudeCalifornia has signed its first agreement with Anthropic. As a result, state government agencies, cities, and counties can use the Claude assistant at a 50% discounted price.
California Governor Gavin Newsom announced this agreement on June 29. Along with discounted passes, it also provides free job training, technical support, and workflow assistance from Anthropic developers.
To get the latest news as quickly as possible, please follow us on X
California State Government Agencies Push for 50% Discount on Claude
California has signed its first agreement with Anthropic. As a result, state government agencies, cities, and counties can use the Claude assistant at a 50% discounted price.
California Governor Gavin Newsom announced this agreement on June 29. Along with discounted passes, it also provides free job training, technical support, and workflow assistance from Anthropic developers.
To get the latest news as quickly as possible, please follow us on X
California Governor Gavin Newsom announced this agreement on June 29. Along with discounted passes, it also provides free job training, technical support, and workflow assistance from Anthropic developers.
To get the latest news as quickly as possible, please follow us on X
1
Gold prices at the lowest since November… loss streak of nearly four monthsGold has fallen to its lowest level since early November 2025. Uncertainty from the war in the Middle East weighed on the gold price.
The selling pressure has spread across the broader precious metals complex. Silver fell 1.4% to $57.4, platinum dropped 1.25% to $1,572, and palladium slid 0.45% to $1,216. All four precious metals recorded monthly losses.
Reasons why the gold price keeps falling
According to market data, spot gold fell as much as $3,942 in early Asian trading. As of the time of reporting, gold is trading around $3,956, down 1.5% on the day.
Gold prices at the lowest since November… loss streak of nearly four months
Gold has fallen to its lowest level since early November 2025. Uncertainty from the war in the Middle East weighed on the gold price.
The selling pressure has spread across the broader precious metals complex. Silver fell 1.4% to $57.4, platinum dropped 1.25% to $1,572, and palladium slid 0.45% to $1,216. All four precious metals recorded monthly losses.
Reasons why the gold price keeps falling
According to market data, spot gold fell as much as $3,942 in early Asian trading. As of the time of reporting, gold is trading around $3,956, down 1.5% on the day.
The selling pressure has spread across the broader precious metals complex. Silver fell 1.4% to $57.4, platinum dropped 1.25% to $1,572, and palladium slid 0.45% to $1,216. All four precious metals recorded monthly losses.
Reasons why the gold price keeps falling
According to market data, spot gold fell as much as $3,942 in early Asian trading. As of the time of reporting, gold is trading around $3,956, down 1.5% on the day.
WhatsApp’s 3 Billion Users Can Set Handles and Hide NumbersWhatsApp began introducing an ID reservation feature in three stages starting June 30. This allows 3 billion users to secure a handle in advance before the full feature rollout across 2026.
Thanks to this change, users can connect without having to publicly share their personal phone numbers. This is a move that reflects demand for pseudonym-based identities in messaging apps. Meta, the parent company, positions privacy as a differentiating strategy for its platform. The reservation feature will be rolled out gradually in sequence over the course of a week.
WhatsApp’s 3 Billion Users Can Set Handles and Hide Numbers
WhatsApp began introducing an ID reservation feature in three stages starting June 30. This allows 3 billion users to secure a handle in advance before the full feature rollout across 2026.
Thanks to this change, users can connect without having to publicly share their personal phone numbers. This is a move that reflects demand for pseudonym-based identities in messaging apps. Meta, the parent company, positions privacy as a differentiating strategy for its platform. The reservation feature will be rolled out gradually in sequence over the course of a week.
Thanks to this change, users can connect without having to publicly share their personal phone numbers. This is a move that reflects demand for pseudonym-based identities in messaging apps. Meta, the parent company, positions privacy as a differentiating strategy for its platform. The reservation feature will be rolled out gradually in sequence over the course of a week.
METAonAlpha
METAUS-1.07%
OUST Stock Analysis…Reasons Behind Auster’s 28% SurgeAuster (Nasdaq: OUST) stock surged more than 28% on June 29. After several weeks of continued gains, the stock approached $55.
These gains are the result of a series of announcements regarding new manufacturing and partnership deals related to the company’s Rev8 lidar platform.
Factors driving Auster’s stock price increase
Auster is a rider company headquartered in San Francisco. It was founded in 2015 by Angus Pacala and Mark Frihitle. The company makes high-resolution digital lidar sensors that provide 3D vision for infrastructure such as vehicles, robots, drones, and transportation systems.
OUST Stock Analysis…Reasons Behind Auster’s 28% Surge
Auster (Nasdaq: OUST) stock surged more than 28% on June 29. After several weeks of continued gains, the stock approached $55.
These gains are the result of a series of announcements regarding new manufacturing and partnership deals related to the company’s Rev8 lidar platform.
Factors driving Auster’s stock price increase
Auster is a rider company headquartered in San Francisco. It was founded in 2015 by Angus Pacala and Mark Frihitle. The company makes high-resolution digital lidar sensors that provide 3D vision for infrastructure such as vehicles, robots, drones, and transportation systems.
These gains are the result of a series of announcements regarding new manufacturing and partnership deals related to the company’s Rev8 lidar platform.
Factors driving Auster’s stock price increase
Auster is a rider company headquartered in San Francisco. It was founded in 2015 by Angus Pacala and Mark Frihitle. The company makes high-resolution digital lidar sensors that provide 3D vision for infrastructure such as vehicles, robots, drones, and transportation systems.
OUSTUS+14.01%
Yen at its lowest in 40 years... Tokyo hints at a strong responseThe Japanese yen has fallen to its lowest level since 1986. As a result, the Tokyo government is facing renewed pressure to defend the currency.
The yen fell by more than 2% this quarter. This decline marks the third consecutive quarterly loss, the longest downturn since its longest stretch of weakness after the seven consecutive quarters of losses starting in the second quarter of 2022.
Tokyo signals willingness to intervene
On Tuesday, the yen hit an intraday low of 162.4 per dollar. As of the time of writing, it was 162.1.
Meanwhile, Finance Minister Satsuki Katayama said the authorities are ready to respond to currency fluctuations at any time.
Yen at its lowest in 40 years... Tokyo hints at a strong response
The Japanese yen has fallen to its lowest level since 1986. As a result, the Tokyo government is facing renewed pressure to defend the currency.
The yen fell by more than 2% this quarter. This decline marks the third consecutive quarterly loss, the longest downturn since its longest stretch of weakness after the seven consecutive quarters of losses starting in the second quarter of 2022.
Tokyo signals willingness to intervene
On Tuesday, the yen hit an intraday low of 162.4 per dollar. As of the time of writing, it was 162.1.
Meanwhile, Finance Minister Satsuki Katayama said the authorities are ready to respond to currency fluctuations at any time.
The yen fell by more than 2% this quarter. This decline marks the third consecutive quarterly loss, the longest downturn since its longest stretch of weakness after the seven consecutive quarters of losses starting in the second quarter of 2022.
Tokyo signals willingness to intervene
On Tuesday, the yen hit an intraday low of 162.4 per dollar. As of the time of writing, it was 162.1.
Meanwhile, Finance Minister Satsuki Katayama said the authorities are ready to respond to currency fluctuations at any time.
29
Tesla Stock Jumps 8% After FSD v14 Lite UpdateTesla (TSLA) jumped by more than 8% after recording its highest single-day gain in over a year on June 29. This is the result of the company rolling out a large-scale software update to hundreds of millions of older vehicles.
The catalyst for this rally was FSD v14 Lite. FSD v14 Lite is Tesla’s new autonomous driving software version for older vehicles that had not received any meaningful updates for more than 14 months.
Why did Tesla’s stock surge?
Tesla Stock Jumps 8% After FSD v14 Lite Update
Tesla (TSLA) jumped by more than 8% after recording its highest single-day gain in over a year on June 29. This is the result of the company rolling out a large-scale software update to hundreds of millions of older vehicles.
The catalyst for this rally was FSD v14 Lite. FSD v14 Lite is Tesla’s new autonomous driving software version for older vehicles that had not received any meaningful updates for more than 14 months.
Why did Tesla’s stock surge?
The catalyst for this rally was FSD v14 Lite. FSD v14 Lite is Tesla’s new autonomous driving software version for older vehicles that had not received any meaningful updates for more than 14 months.
Why did Tesla’s stock surge?
31
Supreme Court blocks Trump’s attempt to remove governor…Bitcoin faces a hawkish FedOn June 29, the U.S. Supreme Court ruled in a 5-4 decision that President Donald Trump cannot dismiss Fed governor Lisa Cook for the time being. With this decision, the Fed’s independence has been maintained during what is arguably the most difficult period for Bitcoin.
With this ruling, the Fed’s hawkish stance has become even more entrenched. The Fed has already removed expectations of rate cuts until 2026 and has reopened the possibility of rate hikes. High interest rates put pressure on non-yielding assets like Bitcoin. The Monday ruling eliminated one of the few paths that could have led to a more dovish board within the year.
Supreme Court blocks Trump’s attempt to remove governor…Bitcoin faces a hawkish Fed
On June 29, the U.S. Supreme Court ruled in a 5-4 decision that President Donald Trump cannot dismiss Fed governor Lisa Cook for the time being. With this decision, the Fed’s independence has been maintained during what is arguably the most difficult period for Bitcoin.
With this ruling, the Fed’s hawkish stance has become even more entrenched. The Fed has already removed expectations of rate cuts until 2026 and has reopened the possibility of rate hikes. High interest rates put pressure on non-yielding assets like Bitcoin. The Monday ruling eliminated one of the few paths that could have led to a more dovish board within the year.
With this ruling, the Fed’s hawkish stance has become even more entrenched. The Fed has already removed expectations of rate cuts until 2026 and has reopened the possibility of rate hikes. High interest rates put pressure on non-yielding assets like Bitcoin. The Monday ruling eliminated one of the few paths that could have led to a more dovish board within the year.
54
Dow tops 52,000 for the first time at 52.0k… Alphabet joinsThe Dow Jones Industrial Average (DJIA) closed at above 52,000 for the first time on Monday, June 29. This was driven by Alphabet’s elevation to a blue-chip stock and broad strength across semiconductor shares.
The index rose by 306.63 points (0.59%) to close at 52,182.74. The S&P 500 index gained 1.18% to finish at 7,440.43, and the Nasdaq Composite also surged 2.07% to close at 25,820.14.
Alphabet’s entry into the Dow boosts investor sentiment
Alphabet (GOOGL) rose by nearly 5% on its first day of trading after being added to the Dow Jones Industrial Average. It replaced Verizon’s spot. This addition is more symbolic than mechanically driven. Since it is already included in the S&P 500 and the Nasdaq-100, the forced-buying impact on funds is limited.
Dow tops 52,000 for the first time at 52.0k… Alphabet joins
The Dow Jones Industrial Average (DJIA) closed at above 52,000 for the first time on Monday, June 29. This was driven by Alphabet’s elevation to a blue-chip stock and broad strength across semiconductor shares.
The index rose by 306.63 points (0.59%) to close at 52,182.74. The S&P 500 index gained 1.18% to finish at 7,440.43, and the Nasdaq Composite also surged 2.07% to close at 25,820.14.
Alphabet’s entry into the Dow boosts investor sentiment
Alphabet (GOOGL) rose by nearly 5% on its first day of trading after being added to the Dow Jones Industrial Average. It replaced Verizon’s spot. This addition is more symbolic than mechanically driven. Since it is already included in the S&P 500 and the Nasdaq-100, the forced-buying impact on funds is limited.
The index rose by 306.63 points (0.59%) to close at 52,182.74. The S&P 500 index gained 1.18% to finish at 7,440.43, and the Nasdaq Composite also surged 2.07% to close at 25,820.14.
Alphabet’s entry into the Dow boosts investor sentiment
Alphabet (GOOGL) rose by nearly 5% on its first day of trading after being added to the Dow Jones Industrial Average. It replaced Verizon’s spot. This addition is more symbolic than mechanically driven. Since it is already included in the S&P 500 and the Nasdaq-100, the forced-buying impact on funds is limited.
49
Tom Lee links Ethereum sales to quarter-end window dressingBitmain chairman Tomh Lee said that the 8% weekly drop in Ethereum (ETH) was due to quarter-end window dressing, explaining that the company had liquidated assets that had performed poorly over the recent three months.
Tomh Lee mentioned this, and Bitmain reported that it holds 5.7 million 4,040 ETH, which amounts to about $9 billion.
Chairman Li interprets the ETH drop as quarter-end window dressing.
Window dressing refers to the practice where a fund manager sells underperforming positions before the end of the quarter. This practice is used to show investors a portfolio with relatively less loss, without practically changing portfolio performance or returns.
Tom Lee links Ethereum sales to quarter-end window dressing
Bitmain chairman Tomh Lee said that the 8% weekly drop in Ethereum (ETH) was due to quarter-end window dressing, explaining that the company had liquidated assets that had performed poorly over the recent three months.
Tomh Lee mentioned this, and Bitmain reported that it holds 5.7 million 4,040 ETH, which amounts to about $9 billion.
Chairman Li interprets the ETH drop as quarter-end window dressing.
Window dressing refers to the practice where a fund manager sells underperforming positions before the end of the quarter. This practice is used to show investors a portfolio with relatively less loss, without practically changing portfolio performance or returns.
Tomh Lee mentioned this, and Bitmain reported that it holds 5.7 million 4,040 ETH, which amounts to about $9 billion.
Chairman Li interprets the ETH drop as quarter-end window dressing.
Window dressing refers to the practice where a fund manager sells underperforming positions before the end of the quarter. This practice is used to show investors a portfolio with relatively less loss, without practically changing portfolio performance or returns.
81
Ukraine nationalizes $8.3 million in seized cryptocurrencyUkraine has for the first time incorporated into the state management system cryptocurrencies worth more than $8.3 million that it seized. This is the first case of transferring the digital assets confiscated by the country to government-controlled wallets.
ARMA, the National Institution for Asset Tracking and Management, received these funds from a wallet linked to individuals accused by an international hacking organization.
Cryptocurrency seized in an international hacking incident
The assets held are the largest stablecoin, Tether (USDT), and were valued at more than 372 million Ukrainian hryvnias based on the time of transfer. This was confirmed by the prosecutor’s office.
Ukraine nationalizes $8.3 million in seized cryptocurrency
Ukraine has for the first time incorporated into the state management system cryptocurrencies worth more than $8.3 million that it seized. This is the first case of transferring the digital assets confiscated by the country to government-controlled wallets.
ARMA, the National Institution for Asset Tracking and Management, received these funds from a wallet linked to individuals accused by an international hacking organization.
Cryptocurrency seized in an international hacking incident
The assets held are the largest stablecoin, Tether (USDT), and were valued at more than 372 million Ukrainian hryvnias based on the time of transfer. This was confirmed by the prosecutor’s office.
ARMA, the National Institution for Asset Tracking and Management, received these funds from a wallet linked to individuals accused by an international hacking organization.
Cryptocurrency seized in an international hacking incident
The assets held are the largest stablecoin, Tether (USDT), and were valued at more than 372 million Ukrainian hryvnias based on the time of transfer. This was confirmed by the prosecutor’s office.
AI Cuts Animation Costs by 90%…Concerns Over Mass Layoffs in HollywoodFilm producers are already using artificial intelligence (AI) to cut animation production costs by up to 90%. New labor data released in California confirms that this industry is not waiting for the technology to mature.
The film and sound recording sector in Los Angeles County lost 6,700 jobs compared to the previous year by May 2026. This figure accounts for more than 90% of the decline in employment across the region’s information industry as a whole.
AI Cuts Animation Costs by 90%…Concerns Over Mass Layoffs in Hollywood
Film producers are already using artificial intelligence (AI) to cut animation production costs by up to 90%. New labor data released in California confirms that this industry is not waiting for the technology to mature.
The film and sound recording sector in Los Angeles County lost 6,700 jobs compared to the previous year by May 2026. This figure accounts for more than 90% of the decline in employment across the region’s information industry as a whole.
The film and sound recording sector in Los Angeles County lost 6,700 jobs compared to the previous year by May 2026. This figure accounts for more than 90% of the decline in employment across the region’s information industry as a whole.
1
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🚀 Samsung & SK Hynix Surging: Inside the 2026 AI Memory Boom!
The South Korean stock market is witnessing a historic rally, driven by an unprecedented global shortage of artificial intelligence (AI) chips! Year-to-date (YTD), Samsung Electronics and SK Hynix shares have skyrocketed by 180% and 310%, respectively.
📈This massive surge has pushed the benchmark KOSPI Composite Index up roughly 100% in the first half of 2026 alone.
🔥 What is Driving the Rally?
HBM Dominance: SK Hynix currently commands about 60% of the global market for High-Bandwidth Memory (HBM) the essential stacked memory utilized in Nvidia’s high performance AI accelerators.
Earnings Explosion: Analysts are predicting triple to quadruple digit year over year (YoY) earnings growth for both companies, as global AI hardware orders remain completely backlogged for the rest of the year.
A Historic Changing of the Guard: Thanks to its pure play AI memory advantage, SK Hynix briefly dethroned Samsung this month to become South Korea’s most valuable listed company, breaking a 26 year streak.
Massive Infrastructure Push: To tackle the global "RAMageddon," both giants have partnered with the South Korean government on a multi hundred billion dollar spending plan to double the nation's DRAM capacity.
Quick Financial Breakdown (As of June 30, 2026)
Samsung Electronics (005930.KS):
YTD Performance: ~180%💰 Current Price: ₩334,000 KRW🏪 Market Cap: ₩2,126 Trillion KRW
SK Hynix Inc (000660.KS):
YTD Performance: ~310%💰 Current Price: ₩2,650,000 KRW🏪 Market Cap: ₩1,888 Trillion KRW
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