Crypto Markets & On-Chain Ecosystem Developments

According to on-chain analyst Yanzhi, a BonkDAO attacker spent $4.4 million buying BONK tokens to reach the governance voting threshold on July 7. The attacker then initiated a malicious governance proposal and voted to transfer $21.2 million in BONK from the protocol's

South Korea's Supreme Court announced draft civil enforcement rules to systematically seize, freeze, and liquidate virtual assets like bitcoin during civil litigation. The National Court Administration will collect public and legal opinions on the draft amendment until Aug. 11, with full

Russia's largest state-owned bank, Sberbank, announced plans to launch crypto wallets and digital storage in the Sber and SberInvestments applications after Russia's cryptocurrency legislation takes effect, with the goal of completing crypto trading infrastructure construction by December 1st. Concurrently, VTB Bank and T-Bank also announced that they will create digital cryptocurrency storage once the relevant laws come into effect. Sberbank's Timeline: Legislation in September, Infrastructure

According to BlockBeats, ENS co-founder Alex Van de Sande proposed on July 7 delegating 5 million ENS tokens from the DAO's idle community treasury to individual participants to reform governance. Currently, one representative's voting power is sufficient to reach quorum and execute any proposal, su

According to a report from South Korea's Supreme Court on July 5, the court announced draft civil enforcement rules to systematically seize, freeze, and liquidate bitcoin and other virtual assets during civil litigation. The amendments establish uniform procedures across all court levels and

According to Kraken's official announcement on July 7, the exchange has temporarily suspended deposits and withdrawals of BONK tokens due to an incident affecting the token.

On July 7, Bitcoin broke through the $63,000 resistance level without warning, currently trading at $64,159; Ethereum surged to the $1,800 mark. According to CoinGlass data, total liquidations across the network reached $160 million in the past 4 hours, with short liquidations accounting for $112 million; 24-hour total liquidations reached $392.17 million, with 85,940 traders liquidated. July 7 Market Movement: BTC Breaks $64,000, ETH Hits $1,800 In the early hours of July 7, 2026, Taiwan time,

According to Summer.fi's official statement on X, the protocol suspended all vaults and set deposit limits to zero across all networks on July 7 after discovering an active vulnerability in the Lazy Summer protocol. The team is actively evaluating the situation and urges users not to interact with t

Naver Financial and Dunamu postponed their comprehensive stock exchange to December 31. Dunamu announced on the 6th that the stock exchange and transfer date was changed from September 30 to December 31. This marks the second postponement, following a previous delay in March when the exchange date w

According to Yonhapinfomax, South Korea's Customs Service announced on July 7 that intensive inspections of 104 money exchangers since March uncovered 63 violations at 47 businesses. The crackdown aimed to block money changers from being exploited as conduits for proceeds from voice phishing and

Bitcoin miners are experiencing stress levels that have reached a new 2026 low, with the Miner Cycle Stress Composite entering its 'undervalued' range, according to crypto analyst Wu Blockchain. JPMorgan estimates Bitcoin has traded below its average production cost of roughly $78,000 for five

According to Visa's blockchain dashboard data released on July 7, stablecoin transaction volumes reached $1.79 trillion in June, a new record and a 63% increase from May. This represents a 125% year-over-year growth compared to June 2025. Over the first half of 2026, total adjusted stablecoin transa

According to Coindesk, Visa's on-chain dashboard data shows that stablecoin transaction volume reached $1.79 trillion in June, a new record and 63% increase from May. Year-over-year, the volume surged 125% compared to June 2025. Circle's USDC dominated the first half of 2026, accounting for

According to Onchain Lens, James Fickel transferred 20,000 Ethereum from Coinbase Prime to a new wallet 2 hours ago, valued at approximately $36.19 million at current prices.

Strategy, the world's largest corporate Bitcoin holder, sold 3,588 BTC for $216 million during June 29-July 5, according to an 8-K filing submitted to the U.S. Securities and Exchange Commission on July 7. The sale was conducted to fund preferred stock dividends and bolster cash reserves under the c

Gate News bot, Gate market data shows ETH breaking through 1800 USDT, currently at 1800.07 USDT.

According to CoinDesk, Sberbank, Russia's largest bank, plans to add a crypto wallet and digital depository to its Sberbank Online and SberInvestments platforms by December. The rollout depends on a draft digital-currency law that passed first reading and requires further approvals, with a

Gate News message, Empery Digital (@EMPD_BTC), a publicly traded Nasdaq company, has received another 200 BTC valued at $12.84 million. Over the past 6 days, the company has accumulated 1,200 BTC worth $72.65 million. The latest transfer was received 51 minutes ago to address

According to Reuters, US bitcoin miner TeraWulf signed a 20-year lease with Anthropic on July 6 for data center infrastructure, with the deal expected to generate about $19 billion in contracted revenue. The announcement drove TeraWulf shares up more than 16% in premarket trading. The agreement

According to GMGN, Solana meme token ANSEM reached an all-time high market cap of $449 million, currently trading at $420 million. The token recorded $51.5 million in 24-hour trading volume.