Crypto Markets & On-Chain Ecosystem Developments

Carl Rinsch, director of '47 Ronin,' was sentenced to 30 months in prison on July 1, 2026, for misappropriating Netflix production funds to purchase Dogecoin, stocks, and luxury goods.

On July 1, the People's Procuratorate of Jing'an District, Shanghai disclosed that it had filed a public prosecution against Li and other members of a criminal gang that used virtual currency for cross-border illegal foreign exchange through "mirror trading" on suspicion of illegal business operations. The trial was held on June 10 with a verdict announced in court, marking the end of a series of illegal business cases spanning 3 years with an involved amount exceeding 200 million yuan. Z Compan

According to Farside monitoring data, U.S. spot Bitcoin ETFs experienced net outflows of $222.6 million and Ethereum ETFs saw net outflows of $27.6 million on June 30.

According to Hyperinsight monitoring data, on July 1, SK Hynix (SKHX) declined 6.3% to $1,655 following a small rebound the previous day. Open interest reached $320 million on Hyperliquid, with short positions at $111 million versus long positions at $76.9 million. A major long trader (0x9dc, 2x

Gate News: According to the latest Gate TradFi data, JUSUNG (Jusung Engineering Co., Ltd.) has surged by 22% in a short period. Current volatility is significantly higher than recent averages, indicating increased market

According to blockchain security firm TenArmor, Backed (BackedFi), an Ethereum-based protocol, suffered a loss of approximately $204,200 in an on-chain attack on July 1.

According to Foresight News, Shanghai's Jing'an District People's Procuratorate recently indicted five people for an illegal cross-border virtual currency foreign exchange scheme involving over 200 million yuan. The court sentenced the main defendants to prison terms ranging from six

According to BlockBeats, Ark Invest bought 52,455 shares of Circle (worth $3.28 million) on July 1, as the cryptocurrency company's stock price fell 17.6% the previous day.

According to The Block, the U.S. Securities and Exchange Commission (SEC) is soliciting public comment on the regulation of crypto ETFs and proposed prediction market ETFs on Tuesday. The SEC has already approved several crypto ETFs including products tied to SOL and DOGE, though prediction market E

The French men's national team defeated Sweden 3-0 on July 1 at MetLife Stadium in New York/New Jersey, securing a decisive victory in the first knockout stage match of this World Cup and returning to the top of the FIFA World Rankings. Kylian Mbappé, 27, scored a brace, driving synchronized violent fluctuations in MBAPPE-themed tokens on Solana and Ethereum, heating up alongside match speculation. Core Data of Four French Forward Players Key statistics for France's 2026 World Cup forward line a

According to HTX, BNB fell below $550 to $549.77 in the past 24 hours, down 1.21%.

Over the past 20 minutes, USDC Treasury minted 1 billion USDC on Solana. Circle has cumulatively minted 64.25 billion dollars worth of USDC on Solana since the start of 2026.

According to the Federal Revenue Service of Brazil (RFB), female participation in crypto transactions surged to 29.96% of trade volume in December 2025, up from 11.34% in 2019—a nearly threefold increase over six years. However, female investors' share of transaction value remained significantly

According to Foresight News, Aptos' ecosystem stablecoins reached $2 billion in market value in June, marking an all-time high. In parallel, Aptos Labs announced its role as a launch partner for Open Standard's Open

According to RootData data compiled by ChainCatcher, the crypto primary market disclosed 42 financing and M&A events in June 2026 with total raised capital of $898 million, declining 60.5% month-over-month and 67.3% year-over-year. Additional 15 M&A deals worth $305 million were

According to SoSoValue, cryptocurrency markets declined broadly on July 1. Bitcoin fell 1.89% below 59,000 USD, while Ethereum dropped 0.98% below 1,600 USD. The Layer 2 sector retreated 3.57%, with Celestia (TIA) falling 9.54%, Mantle (MNT) down 4.97%, and Starknet (STRK) declining 4.93%.

On July 1, the Lighter protocol announced a tokenomics update on X platform, stating that all repurchased LIT tokens will be permanently burned in the future, with the first burn to be executed within weeks after the end of Q2 2026. Since TGE, the protocol has programmatically repurchased approximately 15.5 million LIT through exchange revenue, accounting for about 6.3% of the circulating supply. LIT Burn Mechanism Explanation: 15.5 Million Repurchased, First Execution Timeline, and Technical Op

Gate News message, another whale has initiated a short position on Bitcoin. According to Lookonchain, whale address 0xaeaa opened a 20x leveraged short on 1,100 BTC valued at $64.95 million. The liquidation price for this position is set at $67,914.56. This follows earlier reports from Lookonchain i

Gate News, July 1st — According to Gate market data, as of press time, STIK (Staika) is currently trading at $0.01358, up 70.45% in 24 hours, with a high of $0.01573 and a low of $0.00782. The 24-hour trading volume is $69,400. The current market cap is approximately $1.9476 million. Staika is a lifestyle incentive platform that rewards real-world behavior through $STIK tokens. The platform includes two core applications: gazaGO (a Move To Earn app that tracks sleep, recovery, and activity data)

According to Foresight News citing Taiwan Times, Taiwan's legislature recently passed the Virtual Asset Services Act, establishing a comprehensive regulatory framework for the crypto industry. Virtual asset service providers (VASPs) must obtain approval from the Financial Supervisory Commission to o