Crypto Markets & On-Chain Ecosystem Developments

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

According to Bitget data, Bitcoin broke through $59,000 on July 1, reaching $59,001.90, up 0.63% in 24 hours.

According to BlockBeats, Circle's stock fell more than 16% on July 1 after Open Standard announced the launch of Open USD, a stablecoin backed by 140+ companies including Visa, Stripe, Mastercard, BlackRock, and Coinbase. Investors are evaluating the competitive threat to USDC. William Blair

According to on-chain analyst Ember, Pump.fun transferred 16.43 million USDT to Kraken 7 hours ago on July 1. The stablecoin transfer marks the latest movement in a pattern of fund withdrawals, with a cumulative 770 million USDT from the protocol's public sale proceeds last July now deposited at

Strategy Inc. (Nasdaq: MSTR) authorized the sale of up to $1.25 billion in bitcoin to support its U.S. dollar reserve. Bitfinex analysts stated the authorization addresses liquidity concerns tied to approximately $1.76 billion in annual preferred stock obligations and should not be interpreted as a

According to ChainCatcher, Strive CEO Matt Cole proposed suspending the issuance of new SATA tokens at a fixed $100 price over the past 30 days, citing increased short interest of approximately 1 million shares and current lending costs of roughly 70% annual rate. Cole suggested allowing market

According to Bitfinex analysts, Strategy Inc. (Nasdaq: MSTR) has been authorized to sell up to $1.25 billion in bitcoin to support its dollar reserve and meet $1.76 billion in annual preferred stock obligations. The amount represents roughly 2.5% of Strategy's 847,363 BTC holdings. Bitfinex said th

According to CoinDesk, Chinese businessman Guo Wengui was sentenced to 30 years in prison in 2024 for orchestrating a $1 billion fraud scheme. A jury had previously found him guilty of racketeering, fraud, and money laundering. The scheme involved the deceptive cryptocurrency project Himalaya Coin (

On July 1, Lighter protocol announced that all repurchased LIT tokens from future buybacks will be permanently burned to reduce total supply, with the first destruction occurring within weeks after Q2 ends. Since TGE, the protocol has repurchased approximately 15.5 million LIT through exchange

According to official announcements, three core members from Ventuals—Alvin Hsia, Emily Hsia, and Aris Samad—joined Phantom on July 1, starting roles in the trading and data teams. Ventuals previously developed advanced perpetual futures trading products within the Hyperliquid ecosystem,

According to Whale Alert, USDC Treasury minted 250 million USDC on Solana earlier today (July 1, 10:12 Beijing time).

On July 1, the Dutch Public Prosecution Service filed a bankruptcy petition with the Rotterdam District Court against crypto platform Knaken Cryptohandel and its affiliated entity Stichting Knaken Payments. Knaken has ceased operations since early June, leaving approximately 30,000 clients unable to access their held crypto assets. On the same day, the Fiscal Information and Investigation Service (FIOD) launched a criminal investigation into possible illegal activities. Legal Basis for Bankruptc

According to BlockBeats, on July 1, Christopher Alexander Delgado, a Florida man, pleaded guilty to wire fraud and money laundering charges. Prosecutors said Delgado orchestrated a Ponzi scheme through Goliath Ventures (formerly Gen-Z Venture Firm), soliciting approximately $400 million in

According to an official statement, Binance and Anchorage Digital announced a partnership on July 1 to expand the Banking Triparty custody product to institutional clients. Institutional clients can now trade on Binance while holding their assets in independent qualified custody accounts managed

According to The Block, Christopher Alexander Delgado, 34, pleaded guilty to wire fraud, conspiracy, and money laundering on June 28, 2026. His company Goliath Ventures operated a Ponzi scheme under the guise of cryptocurrency liquidity pool investments, defrauding investors of at least $250

According to Defillama data, DeFi's total value locked (TVL) fell below $70 billion to approximately $69.358 billion on July 1, marking the lowest level since February 2024.

Gate News, July 1 — According to Gate market data, as of press time, DATA (The DATA Foundation) is currently at $0.29, up 32,011.11% in 24 hours, with a high of $0.39 and a low of $0.0009. The 24-hour trading volume is $182,100, and the current market cap is approximately $105 million. DATA is a globally leading AI data network dedicated to solving three core problems in cutting-edge AI development: data acquisition, data provenance, and data quality verification. The DATA Network realizes data

According to SoSoValue, Bitwise Solana Staking ETF (BSOL) recorded net outflows of $2.4975 million on June 30. As of publication, the total SOL spot ETF assets under management stood at $848 million, with cumulative net inflows of $1.133

According to SoSoValue data, XRP spot ETFs saw combined net outflows of $2.83 million on June 30. Bitwise XRP ETF (XRP) led the decline with $5.82 million in net outflows, while Canary XRP ETF (XRPC) recorded $2.99 million in net inflows for the

Circle shares closed down 17.55% on June 30 at $62.63, triggered by Open Standard's announcement of the launch of Open USD (OUSD), a stablecoin backed by 140 companies including Visa and Stripe. William Blair analysts reiterated their Outperform rating on Circle, stating that competition in the stablecoin market is inevitable. Open USD's Structural Design: Zero-Fee Minting, Reserve Yield Distribution, and Independent Governance Open USD's design differs from existing stablecoins in three dimensi