Crypto Markets & On-Chain Ecosystem Developments

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

According to CertiK Alert, lending market Edel Finance suffered an attack on July 1, with attackers stealing approximately $204,000. The attackers exploited a vulnerability in the wGOOGLx collateral pricing mechanism, which relied on the token's GOOOGLx balance. By manipulating this dependency, the

Evernorth, an XRP treasury company, published an analysis on June 30 showing RLUSD stablecoin growth on the XRP Ledger is driving higher transaction activity while maintaining XRP's core settlement function. RLUSD's share of trading on the network rose from less than 1% to around 12% by 2026, with m

According to Evernorth's analysis published on June 30, the RLUSD/XRP trading pair processed approximately $900 million over the past six months, accounting for nearly 90% of all RLUSD trading on the XRP Ledger. RLUSD supply on the network has grown from about $20 million at the end of 2024 to appro

According to Coinglass, over the past 24 hours on July 1, global cryptocurrency liquidations reached $343 million, with long positions accounting for $275 million and short positions $67.9 million. A total of 94,453 traders were liquidated across all exchanges. The largest single liquidation

Gate News bot message, Gate market data shows BTC has broken through 59000 USDT, currently at 59000.4 USDT.

According to Onchain Lens, a newly created wallet deposited 4 million USDC to HyperLiquid on July 1 to purchase HYPE tokens. The wallet has already bought 38,337 HYPE worth $2.45 million and plans to place additional orders to increase its

According to Binance, the exchange will launch BTCU USDT perpetual futures at 5:00 PM Beijing time on July 1, followed by ETHU USDT perpetual futures at 6:00 PM. Both contracts will offer a maximum leverage of 100x.

Payments infrastructure company Cybrid released a survey report on June 30 covering 468 corporate executives, showing that 42% of surveyed companies have already used stablecoins for cross-border payments. Large enterprises with monthly settlement volumes exceeding $100 million save an average of 47% on costs, while average enterprises save 35%. 88% of executives said they plan to adopt stablecoin settlements within the next 12 months. Core Quantitative Data from the Cybrid Survey (Source: Cybri

According to Protos, Estonia-based crypto exchange Coinmetro announced it has filed for bankruptcy reorganization with local courts and suspended user registration, deposits, and withdrawals starting June 22. CEO Kevin Murcko attributed the move to a "special situation" triggered by a financial

Bitcoin (BTC) weakened further, briefly trading around $58,204 on July 1. Among approximately 3,000 crypto trading platforms in Europe that have not obtained MiCA licenses, about 80% face closure risks. After a court ruling, the Massachusetts Attorney General filed an amended lawsuit against Kalshi regarding sports betting. Macro Events & Crypto Highlights According to CoinDesk, the EU's Markets in Crypto-Assets (MiCA) regulatory framework will officially take effect on July 1 local time, requir