ForgotEverythingAfterMinting

One of my funniest trading memories was checking my position thinking everything was under control, only to realize the market had moved completely against me. My reaction was basically: “Did that really just happen?”
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Crypto realm news: According to a Bitwise report, individual investors currently hold 66.1% of Bitcoin’s total supply, far exceeding the 7.8% held by companies and the 7.2% held by funds and exchange-traded funds (ETFs). This figure is based on public wallet data, on-chain analysis, and related disclosures, showing that retail investors still dominate the Bitcoin market.

According to Whale Alert monitoring, 30,006 ETH (approximately $53.0581 million) has just been transferred from an unknown wallet to Coinbase’s institutional account.

Coinbase 50 Index’ June review shows a drop of 21.31%, driven by long-term expectations of high interest rates, capital shifting toward AI/tech sectors, and outflows from spot ETF funds. All sectors fell: DeFi -9.55%, Media & Entertainment -35.85%, and meme coins -28.43%. Among the constituent coins, AAVE rose 4.18% for the month’s best performer; PENDLE/UNI fell 3.01% and 7.59%, respectively. CHZ led the declines with -44.79%, while APT/ADA/MNT/XTZ all fell by more than 37%.

CoinWorld news: Amazon Web Services announced on June 30 that it will invest $1 billion (approximately 6.8 billion RMB) to set up a brand-new artificial intelligence department dedicated to helping customers build and deploy AI systems. It is expected to assign thousands of frontline deployment engineers, and the relevant teams will work in close collaboration with customers’ business, R&D, and security departments. In just a few weeks, they can help customers build a technical team that the customers can operate and self-maintain, and deliver complete AI solutions. Foreign media reports that Amazon Web Services is the world’s cloud service provider with the largest revenue scale, and also the first hyperscale cloud vendor to launch this type of dedicated on-site engineer program.

CoinWorld news, Charles Schwab officially launches Bitcoin trading, with market cap reaching $12.6 trillion. This move marks the further penetration of traditional financial institutions into the cryptocurrency field.

Securitize filed a lawsuit against tZERO regarding intellectual property disputes, requesting the court to declare that there was no infringement of the other party's patents. The lawsuit was filed after tZERO issued a cease-and-desist letter. Tokenization is rapidly developing in the securitization of real assets, with institutions like Blackstone, JPMorgan Chase, and Nasdaq already adopting it. Market forecasts: Citi predicts a market value of $5 trillion around 2030, while BCG and Ripple expect it to reach $18.9 trillion by 2033.

CryptoWorld News reports that bubblemaps disclosed on the X platform that the FIFA World Cup themed token WCUP is involved in wallet manipulation schemes.
After WCUP's launch, its market value reached $50 million, and several KOLs did not publicly disclose paid collaborations.
On-chain data shows that 30 minutes before WCUP's launch, over 30 new wallets obtained funds through CEX, and during the token launch, they purchased 0.95 of the circulating supply, then dispersed the tokens to multiple addresses via Uniswap Router instructions.

CryptoWorld News reports that, according to Cointelegraph, Bitcoin miners’ profit margins have fallen to a historical low, with the daily return for 1 TH/s of hashrate dropping from $0.39 to $0.28. Miners and mining pools currently hold about $110 billion worth of Bitcoin, and their net positions have changed negatively since the beginning of May. Bitcoin’s production cost is approximately $62.6k, with an electricity break-even point of $50.1k, while American Bitcoin Corp’s cost per mined coin is about $36.2k. Some miners have redirected their electricity resources to AI data center businesses, and institutional spot Bitcoin inflows now exceed miners’ output.

CoinWorld News, the ETH long position associated address (Sub-address 1) on Matrixport has experienced an increase in unrealized losses, with current profit and loss expanding from -$24,173,764.97 (-727.64%) to -$26,289,764.97 (-817.37%). The average price for this address is $2,265.44, the current market price is $1,608.20, the liquidation price is $1,162.21, and the position size is $64,328,000.00. This address has received multiple fund transfers from Matrixport (now renamed Bit), and is currently the largest on-chain ETH long position, with two other related addresses collaborating to build the position.

The U.S. Congress has reopened debate on digital asset taxation, proposing seven separate crypto tax initiatives under digital asset taxation and moving forward with negotiations on the “Clear Act,” with a vote expected in August. The House Committee on Ways and Means has heard testimony from Fidelity, Coinbase, Coin Center, and New York University, covering areas including stablecoins, mining, staking, and lending. The industry broadly welcomes the efforts, but there are lingering doubts about specific provisions. Illinois is also considering imposing a 0.2% tax on certain digital asset transactions, which could affect the appeal of crypto companies.