① Zcash's Ironwood upgrade may be delayed due to infrastructure readiness

Shielded Labs stated that exchanges, mining pools, and wallets may need more time to complete Zcash's Z3 software migration and safely prepare for Ironwood.

② Defendant moves to dismiss lawsuit seeking ownership of 39,069 Bitcoin wallets
A defendant who owns one of the dormant Bitcoin wallets has filed a motion to dismiss a New York case that seeks ownership of $229 billion worth of believed-lost Bitcoin.

③ Bitcoin ETF drought ends: $221 million inflows turn 10-day bleed into reversal test
U.S. spot Bitcoin ETFs saw net inflows of $221.7 million, ending a 10-day outflow streak; June saw $4.5 billion in losses due to IBIT-driven outflows. We chart reversal tests, breadth, and risk.

④ Crypto ETFs face pressure after Bitcoin ETF shock, whales defend market bottom
On July 1, crypto ETFs came under pressure again after massive withdrawals from U.S. spot Bitcoin funds. SoSoValue data shows investors pulled funds from major crypto-related products. Bitcoin also hovers near a contested support zone. This move is significant as ETF flows have been forming a pattern.

⑤ Hinkal freezes contracts after suspected $820k USDC exploit
Hinkal has frozen affected smart contracts following reports of unusual on-chain activity involving USDC on Ethereum and other supported networks, as the privacy-focused protocol investigates a suspected exploit. The team stated they took preventive measures by freezing the affected contracts during engineering.

⑥ Global stock market capitalization hits record $166 trillion as rally continues
Global stock market capitalization climbed to a record $166 trillion, highlighting one of the strongest wealth creation periods in financial history. Over the past year, global stocks added $32 trillion, with an annual growth rate of 23.6%, exceeding historical averages.

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