1. U.S. June ADP employment change at 98k, the smallest increase since MarchU.S. June ADP employment change was 98k, the smallest increase since March, versus expectations of 118k and prior 122k.2. Large token unlocks from July 1 to August 1In the next month, single large unlocks (unlock value > $10 million) include HYPE, PUMP, H, ZRO, CONX, ENA, KAITO, etc.; linear large unlocks (monthly unlock value > $10 million) include RAIN, LAB, SOL, CC, WLD, TRUMP, ASTER, TAO, MORPHO, AVAX, ZEC, JTO, NEAR, etc., with a total unlock value of over $98k.3. Trump discloses at least $1.4 billion in crypto income, raising conflict of interest questionsAccording to President Donald Trump's latest annual financial disclosure filing, he earned at least $1.4 billion from cryptocurrency and meme coin related businesses in 2025. Among them, World Liberty Financial token sales brought in over $588 million; his meme coin business entity CIC Digital LLC generated approximately $636 million, almost entirely from licensing royalty agreements with Celebration Coins; additionally, he gained nearly $197 million from selling Stablecoin Holdco equity. The filing shows that crypto business has become Trump's largest source of income, far surpassing his resorts and golf club operations. Since Trump has not divested related assets or set up an independent blind trust, this disclosure again raises questions about the intersection of his presidential duties and personal business interests.According to Galaxy Research, President Trump recently revealed that he holds over $50 million worth of Bitcoin in a cold wallet.4. Citi lowers 12-month price targets for Bitcoin and EthereumCiti lowered its 12-month forecasts for Bitcoin and Ethereum, cutting the Bitcoin target from $112k to $82k, and the Ethereum target from $3,175 to $2,240. It also reduced its net ETF inflow expectation for the next 12 months from $10 billion to zero. Citi said ETF flows have turned negative recently, with Bitcoin ETFs seeing outflows of about $3.3 billion year-to-date; slow progress in U.S. crypto legislation and concerns about potential Bitcoin sales by digital asset treasury companies are also weighing on investor sentiment.5. Circle (CRCL) removed from several Russell Growth IndexesCircle (NYSE: CRCL) was removed from several major Russell Growth Indexes during the Russell annual reconstitution on June 26, including the Russell 1000 Growth Index, Russell 3000 Growth Index, and Russell Midcap Growth Index. This could lead institutions and passive funds tracking these benchmarks to reduce their holdings in the stock, thereby affecting its trading liquidity. Simply Wall St analysis noted that CRCL's stock price has fallen 32.8% over the past 30 days, possibly reflecting selling pressure from index rebalancing. Additionally, following news of competitor Open Standard launching the consortium stablecoin Open USD, CRCL's stock price fell to $62 today, a 24-hour decline of 16.55%.6. Shanghai court sentences 5 for illegal business in cross-border cryptocurrency exchange case involving over 200 million yuanThe Jing'an District People's Procuratorate of Shanghai recently filed a public prosecution in a cross-border virtual currency illegal exchange case involving over 200 million yuan. The main offender Li and four others received sentences, while four others were granted relative non-prosecution. Investigation revealed that Company Z had been packaging itself as a 'private bank' since 2019, using domestic and overseas operational teams to conduct cross-border 'over-the-counter' exchange using virtual currency as a medium. They drew clients through study abroad and immigration agencies, targeting high-net-worth individuals with overseas asset needs. The gang exploited the anonymity and on-chain transfer characteristics of virtual currency to deliberately cut off transaction traces, charging a 3% service fee, and exchanging virtual currency into foreign currency overseas to deposit into client accounts.

WuSaidBlockchainW

2026-07-01 14:02:01

Abstract generation in progress

U.S. June ADP employment change at 98k, the smallest increase since March U.S. June ADP employment change was 98k, the smallest increase since March, versus expectations of 118k and prior 122k.
Large token unlocks from July 1 to August 1 In the next month, single large unlocks (unlock value > $10 million) include HYPE, PUMP, H, ZRO, CONX, ENA, KAITO, etc.; linear large unlocks (monthly unlock value > $10 million) include RAIN, LAB, SOL, CC, WLD, TRUMP, ASTER, TAO, MORPHO, AVAX, ZEC, JTO, NEAR, etc., with a total unlock value of over $98k.
Trump discloses at least $1.4 billion in crypto income, raising conflict of interest questions According to President Donald Trump's latest annual financial disclosure filing, he earned at least $1.4 billion from cryptocurrency and meme coin related businesses in 2025. Among them, World Liberty Financial token sales brought in over $588 million; his meme coin business entity CIC Digital LLC generated approximately $636 million, almost entirely from licensing royalty agreements with Celebration Coins; additionally, he gained nearly $197 million from selling Stablecoin Holdco equity. The filing shows that crypto business has become Trump's largest source of income, far surpassing his resorts and golf club operations. Since Trump has not divested related assets or set up an independent blind trust, this disclosure again raises questions about the intersection of his presidential duties and personal business interests. According to Galaxy Research, President Trump recently revealed that he holds over $50 million worth of Bitcoin in a cold wallet.
Citi lowers 12-month price targets for Bitcoin and Ethereum Citi lowered its 12-month forecasts for Bitcoin and Ethereum, cutting the Bitcoin target from $112k to $82k, and the Ethereum target from $3,175 to $2,240. It also reduced its net ETF inflow expectation for the next 12 months from $10 billion to zero. Citi said ETF flows have turned negative recently, with Bitcoin ETFs seeing outflows of about $3.3 billion year-to-date; slow progress in U.S. crypto legislation and concerns about potential Bitcoin sales by digital asset treasury companies are also weighing on investor sentiment.
Circle (CRCL) removed from several Russell Growth Indexes Circle (NYSE: CRCL) was removed from several major Russell Growth Indexes during the Russell annual reconstitution on June 26, including the Russell 1000 Growth Index, Russell 3000 Growth Index, and Russell Midcap Growth Index. This could lead institutions and passive funds tracking these benchmarks to reduce their holdings in the stock, thereby affecting its trading liquidity. Simply Wall St analysis noted that CRCL's stock price has fallen 32.8% over the past 30 days, possibly reflecting selling pressure from index rebalancing. Additionally, following news of competitor Open Standard launching the consortium stablecoin Open USD, CRCL's stock price fell to $62 today, a 24-hour decline of 16.55%.
Shanghai court sentences 5 for illegal business in cross-border cryptocurrency exchange case involving over 200 million yuan The Jing'an District People's Procuratorate of Shanghai recently filed a public prosecution in a cross-border virtual currency illegal exchange case involving over 200 million yuan. The main offender Li and four others received sentences, while four others were granted relative non-prosecution. Investigation revealed that Company Z had been packaging itself as a 'private bank' since 2019, using domestic and overseas operational teams to conduct cross-border 'over-the-counter' exchange using virtual currency as a medium. They drew clients through study abroad and immigration agencies, targeting high-net-worth individuals with overseas asset needs. The gang exploited the anonymity and on-chain transfer characteristics of virtual currency to deliberately cut off transaction traces, charging a 3% service fee, and exchanging virtual currency into foreign currency overseas to deposit into client accounts.

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0xLateCoffee

· 10h ago

1.4 billion dollars, the president personally promotes products, this market is getting more and more surreal.

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GlassCityAfterTheRain

· 10h ago

Circle being kicked out of the index is quite damaging; the stablecoin track competition is heating up.

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TheSkyInsideTheMirroredSphere

· 10h ago

ADP surprises, unlocking pressure is so high, short-term fluctuations are expected to intensify.

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