Crypto Markets & On-Chain Ecosystem Developments

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

According to Odaily Seer, Mbappé's probability of winning the 2026 FIFA World Cup Golden Boot surged to 42% over 24 hours on predict.fun, up 16% and briefly peaking at 50% earlier today. The prediction market odds momentarily exceeded those for Messi, who now leads at 47%, while Haaland and Kane

According to ESPN reporter Shams Charania, LeBron James informed the Los Angeles Lakers of his decision to leave earlier today (July 1). On Polymarket's multi-option prediction market for James's next season destination, the probability of him staying with the Lakers plummeted to 1%, down over 50% i

According to Decrypt, Dutch prosecutors filed for bankruptcy of cryptocurrency platform Knaken and its affiliate Stichting Knaken Payments on July 1, citing public interest. The platform halted operations in early June, leaving approximately 30,000 customers unable to access their crypto assets. Kna

From 01:00 to 01:15 UTC on July 1, 2026, BTC dropped sharply by 0.69% within 15 minutes, falling from 58,587.2 USDT to 57,813.4 USDT, with a volatility of 1.32%. This decline exceeded the normal fluctuation range, drawing significant market attention and intensifying short-term volatility. The main driving force behind this anomaly may stem from the combined effect of technical triggers and leveraged market deleveraging. Report analysis indicates that if the price hits key technical levels (such

Gate News bot message: Gate market data shows BTC has fallen below 58,000 USDT, currently at 57,984.8 USDT.

The EU's Markets in Crypto-Assets Regulation (MiCA) will take full effect on July 1 local time, and unauthorized crypto companies and exchanges will lose the qualification to provide services to EU customers. Cryptocurrency legal experts said that they receive a large number of inquiries from companies and founders looking to set up in the UAE every week, with more than half coming from Europe. Spain, Italy, and Germany are the top three countries with the highest number of inquiries. Legal Advi

According to Cointelegraph, Goldman Lampe, a UAE-based private bank, purchased €120 million worth of Bitcoin on July 1 during the recent market decline.

According to Lookonchain, a newly created wallet withdrew 9,876 ETH ($15.4 million) from Binance and staked it today.

According to PeckShield, the crypto industry experienced 40 major security incidents in June 2026 with cumulative losses of $75.87 million, down 7.13% from May's $81.7 million. Humanity Protocol attack was the month's largest incident, resulting in $31 million in losses. Attackers moved and

Bitcoin fell to $58,531 on July 1, with a cumulative decline of nearly 20% in Q2. CryptoQuant analyst Crypto Sunmoon posted on Quicktake, stating that after Bitcoin fell below $70,000, the inflow of tokens held for 6 to 12 months to exchanges surged, consistent with the pattern of capitulation selling by buyers at the cycle top in 2018 and 2022. Q2 Major Market Performance Comparison According to Bloomberg data cited by Kobeisi Letter on X platform, the performance of major markets in Q2 is as f