Crypto Markets & On-Chain Ecosystem Developments

According to ChainCatcher and on-chain analyst Ember, 7.055 million WLD tokens (valued at $2.66 million) flowed into Binance over the past 7 hours, resulting in WLD declining 8% from $0.395 to $0.365.

Solana-based perpetual futures exchange Drift Protocol announced on July 1 that it is rebranding as Velocity DEX, part of the platform's relaunch plan after being offline for over three months following an attack on April 1. The attacker stole over $280 million in assets through 31 transactions in about 12 minutes. Lazarus Group Attack: $280 Million Stolen and Affected Protocols On April 1, 2026, attackers breached Drift Protocol's multi-signature wallet, stealing over $280 million in assets thr

Bitcoin slightly rebounded to $59,768 on July 2, with total long liquidations exceeding $200 million in 24 hours. Federal Reserve Chairman Walsh stated at the European Central Bank Forum in Sintra, Portugal the same day that the Fed does not provide forward guidance and future policy will be determined based on economic data. He also said that recent inflation expectations and upside risks to inflation have declined. The CME FedWatch tool shows the probability of a September rate hike fell from

According to The Defiant, Avalanche Treasury Corp (AVAT) warned in its SEC filing on July 2 that the company faces substantial doubt about its ability to continue operating. The Nasdaq-listed company's stock has plummeted 93% in one month, from over $10 in early June to below $0.73 on June 29. AVAT

According to Chainalysis, OFAC added 134 cryptocurrency wallet addresses to its ISIS-K sanctions list on July 1, comprising 131 on TRON and 3 Monero addresses. On-chain data showed the sanctioned TRON wallets received over $1.4 million and transferred over $880,000 since 2023. Tether has frozen the

According to investigative journalist Whitney Webb, Polymarket's official founding narrative claiming founder Shayne Coplan independently launched the company in 2020 is inaccurate. Webb traces the platform's origins to an earlier company called TokenBnk and alleges connections to a cryptocurrency f

According to The Defiant, Cloudflare opened a waitlist on Wednesday (July 2) for its Monetization Gateway, allowing customers to charge for web content, datasets, APIs, or MCP tools using stablecoins via the x402 protocol. The service addresses the shift toward AI agents becoming primary internet

According to ChainCatcher citing SoSoValue data, yesterday (July 1, Eastern Time), Bitwise Hyperliquid ETF (BHYP) posted net inflows of $2.8547 million. BHYP has accumulated $120 million in historical total net inflows.

According to SoSoValue, XRP spot ETFs saw combined net outflows of $18.637 million on July 1 (U.S. Eastern Time). Franklin XRP ETF (XRPZ) recorded net inflows of $2.8826 million, while Bitwise XRP ETF (XRP) experienced net outflows of $4.7463 million during the same

According to SoSoValue, Solana spot ETFs recorded $511,100 in net inflows yesterday (July 1). Bitwise Solana Staking ETF (BSOL) posted $3.99 million in daily inflows, bringing its cumulative net inflows to $896 million. Grayscale Solana Trust (GSOL) saw $3.47 million in daily outflows. The

According to BlockBeats, Bitwise research chief André Dragosch said on July 2 that July could mark a critical shift for Bitcoin from bear to bull market if semiconductor stocks reverse sharply. A reversal could trigger a more dovish Federal Reserve response, potentially enabling Bitcoin to

According to CryptoQuant, the centralized finance (CeFi) lending market contracted 6% to $23.3 billion in Q1 2026, marking the first industry-wide decline since Q3 2024 as crypto users reduced leverage amid market weakness. Tether remained the largest lender with $15.8 billion in outstanding

According to on-chain analyst EmberCN, ParaFi Capital withdrew 56 million SKY tokens (worth approximately $2.98 million) from Coinbase Prime today. The institution now holds a total of 126 million SKY tokens valued at around $6.64 million, with an average entry price of $0.066 per token, resulting i

Gate News Bot: Gate market data shows ETH has broken through 1,600 USDT, currently at 1,600 USDT.

Solana decentralized applications (dApps) generated $257 million in combined revenue during Q2 2026, according to data tracked by DeFi analytics platform DeFiLlama. The figure marks the ninth consecutive quarter in which Solana led major Layer 1 and Layer 2 blockchain networks in fee-generating

According to DefiLlama data, Solana dApps generated $257 million in combined revenue during Q2 2026. The figure marks the ninth consecutive quarter in which Solana led major Layer 1 and Layer 2 networks in fee-generating

According to emailed disclosures, Ark Invest purchased $77.5 million in shares of Coinbase, Circle Internet Group, and Bullish in June, capitalizing on declining crypto stocks. The St. Petersburg-based investment manager bought approximately $44 million of Coinbase, $25.25 million of Circle

According to Uniswap, Uniswap v2, v3, v4, and UniswapX launched on Robinhood Chain today with full support for Web App, wallet, and API integrations. Users can now swap, provide liquidity, purchase stock tokens, and power AI agents through Uniswap on the Layer 2