Cryptocurrency Markets and On-Chain Ecosystem Developments

Gate News bot message, Gate market shows, BTC breaks through 61000 USDT, now at 61044.3 USDT.

According to The Block, Kalshi and Polymarket achieved combined trading volume of $44.8 billion in June, representing a 75% month-over-month increase from $25.66 billion in May. Kalshi's volume surged to $31.5 billion, up 87.4% from $16.81 billion, while Polymarket's main platform (non-U.S.) grew to

According to Digital Asset, South Korea's Korea Exchange (KRX) announced revisions to its listing rules today (July 2) to close regulatory loopholes and prevent tech exemption program companies from pivoting to virtual asset custodial management. Under the new rules, firms that went public via tech

According to Trader T, Ethereum spot ETFs saw net inflows of $14.92 million yesterday (July 1). BlackRock's ETHA was the sole major inflow driver, recording $36.64 million in inflows. On the outflow side, Grayscale's Mini ETH withdrew $18.46 million, while BlackRock's staking version ETHB and

According to Guru Club, Robinhood on July 2 expanded its perpetual futures offering in Europe to include commodities, ETFs, and forex markets beyond cryptocurrencies. Eligible European investors can now trade perpetual futures linked to gold, silver, crude oil, and EUR/USD pairs with leverage up to

Bitcoin retested the $58,000 level at the start of the third quarter even as Treasury yields eased, U.S. equities reached record highs, and gold weakened, according to the Bitfinex Alpha report published July 1. Analysts attributed the decline to continued institutional outflows, negative gamma

According to the Bitfinex Alpha report published July 1, Bitcoin slipped near $58,000 despite improving financial conditions that would normally support risk assets, including easing Treasury yields, U.S. equities reaching record highs, and gold weakening. Analysts attribute the move to persistent i

Crédit Agricole launched EURXT, a euro-denominated stablecoin on Ethereum, through its asset servicing arm CACEIS. The ERC-20 electronic money token is pegged one-to-one to the euro and complies with the European Union's Markets in Crypto Assets regulation, with initial availability limited to institutional investors and corporate clients of CACEIS. The launch expands Crédit Agricole's push into tokenized finance and blockchain-based settlement infrastructure. CACEIS Issues EURXT with Euro Reser

Crédit Agricole has launched EURXT, a MiCA-compliant euro stablecoin on Ethereum issued by its asset servicing arm CACEIS as an ERC-20 token. Pegged one-to-one to the euro and backed by cash reserves at CACEIS Bank, approximately 20 million EURXT tokens were in circulation at launch, initially

According to Trader T, Bitcoin spot ETFs saw net outflows of $296 million yesterday (July 1). BlackRock's IBIT led outflows with $219 million, followed by Grayscale's GBTC ($62.79 million) and Fidelity's FBTC ($51.02 million). Grayscale Mini BTC saw the largest inflows at $36.33 million.

According to Bitwise Chief Investment Officer Matt Hougan, Strategy's role in the Bitcoin market has fundamentally shifted. For years, Strategy served as one of the largest Bitcoin buyers globally, consistently providing bid support. However, this one-way accumulation phase has likely ended. Going f

According to BlockBeats, on July 2, Trump's 2025 crypto-related income reached $1.4 billion, surpassing the annual revenue of multiple publicly listed crypto companies. Trump's earnings exceeded Coinbase's disclosed 2025 revenue of $1.26 billion, as well as CleanSpark ($365

According to Foresight News and TRM Labs monitoring, the U.S. Treasury's Office of Foreign Assets Control (OFAC) has added 134 crypto addresses linked to ISIS-K (the Islamic State affiliate in Afghanistan) to its sanctions list. The addresses include 131 on the TRON blockchain and 3 on Monero,

Miles Guo, a Chinese businessman exiled in the United States, was sentenced to 30 years in prison by the U.S. Federal Court in New York on July 1, and ordered to forfeit approximately $889 million in assets. The court found that since 2018, Guo had successively attracted supporters to invest through cryptocurrency projects such as GTV Media and Himalaya Exchange, as well as other fundraising schemes, involving over $1 billion. Guo's Charges and Sentencing Data: 2024 Jury Verdict and 2026 Sentenc

According to Bitwise CEO Matt Hougan, STRC's volatility on July 2 reflects a late-cycle phase in crypto markets, with the bottom potentially approaching. Hougan explained that STRC represents mismatched capital seeking high returns with low volatility

According to on-chain analyst Ai Yu, NFP surged 895% (from $0.004412 to $0.04391) in 13 hours on July 1, then crashed 82.36% over the next 6 hours on July 2, triggering mass liquidations on both long and short sides. Open interest fell 90% from its peak. Binance announced it will delist NFP on July

According to RootData, Mango Network (MGO) will unlock approximately 286.87 million tokens on July 9 at 9 AM Beijing time, valued at approximately $2.85 million.

According to RootData, Avantis (AVNT) will unlock approximately 29.25 million tokens worth $2.64 million on July 9 at 2 p.m. Beijing time.

According to Foresight News, Cardano wallet provider SecondFi launched an asset recovery wallet checker tool on July 2, allowing users to preliminarily check if their wallets were affected by the security incident. The company noted that the addresses currently displayed are based on SecondFi's prel

According to KalshiData, Kalshi's nominal trading volume in June reached $32.6 billion, hitting a new all-time high. This represents nearly a twofold increase from May's $17 billion in trading volume.