DancingOnTheEdgeOfLiquidation

According to an article by Tax Consulting SA published by Polity, the South African Revenue Service (SARS) released the Draft Guide on the Taxation of Crypto Assets on July 1, seeking public comments on how South African tax residents should handle and disclose earnings from crypto activities, with a deadline for feedback of August 31, 2026. The article says the guide covers approximately 5.8 million taxpayers involved in crypto activities, addressing income tax and capital gains tax implications for scenarios including crypto asset trading, exchange, payment, employee remuneration, arbitrage, mining, initial coin offerings (ICOs), airdrops, and hard forks.

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Wu reported that Zama has announced that $13 million has already been deposited into a brand-new yield vault on Morpho that accepts private USDC (cUSDC). The vault’s credit strategy is curated by Steakhouse Financial, aiming to help institutions capture DeFi on-chain yields while providing complete privacy for account balances, holdings distribution, and trading strategies.

Sleeping order

CryptoWorld News: Hyperliquid trader asssdfc shorted HYPE in May, incurring a loss of $6.97 million; in June, they profited $1.84 million through trading US stocks and Korean stocks. The trader deposited 50 million USDC as margin 10 minutes ago, reopened long positions in SNDK / SKHX / MRVL, and is currently holding long positions worth $16.81 million, with another TWAP limit buy order valued at $6.094 million waiting to be filled.

CryptoWorld News reports that, according to Lookonchain monitoring, trader 0x50b3 has opened a new long position of 1,653.8 Bitcoins with 20x leverage, worth approximately $105.77 million. Since June 2, this address has completed 100 trades, with 93 profitable trades, a win rate of 93%, and cumulative profits exceeding $6 million.

Future Asset Management signs an MOU with Ondo Finance to cooperate on the on-chain tokenization of funds and real-world assets (RWA), on-chain asset management infrastructure, and the development of digital products for global investors. The starting point is the tokenization of U.S.-listed ETFs, combined with Global X and overseas expansion. Korea’s STO regulations are expected to be implemented in February next year; prior to that, it has already built an on-chain settlement system with Ava Labs and acquired Korbit. According to RWAxyz data, earlier this year the total value of on-chain tokenized stocks exceeded $1 billion, with Ondo Finance holding a 58% market share.

CryptoWorld News reports that on the 10th, the U.S. State Department issued a statement saying that reports indicate missile, drone, or rocket attacks are occurring within Jordan's airspace. U.S. citizens are advised to "seek shelter immediately and take cover on the spot, stay indoors, and pay attention to local notices and alerts." (Xinhua News Agency).

CryptoWorld News reports that, according to Whale Alert monitoring, an unknown whale has just transferred 134,995,215 USDC, which is approximately USD 13.5 million based on the real-time price.

When the price of BTC drops, the Bitcoin spot ETF led by BlackRock IBIT faces pressure: on June 5, there was a net outflow of $325.69 million, bringing cumulative net inflows down to $53.94 billion. IBIT saw an outflow of $213.65 million; FBTC and GBTC recorded outflows of approximately $59 million and $60.84 million respectively; HODL and MSBT had only $8.5 million in new net inflows. BTC hit a daily low of $59.1k, then rebounded to $61.3k.

CryptoWorld News: Israeli Defense Minister Katz: If Israeli territory is struck, the Israel Defense Forces have the right to respond in Beirut.

The US CFTC announced the abolition of the settlement "no-admit" policy implemented since 1998. The policy previously required defendants to not publicly deny regulatory allegations after reaching a settlement with the CFTC. CFTC Chairman Mike Selig stated that abolishing the policy will give the agency greater flexibility in enforcement settlements. This adjustment aligns with the SEC's similar policy removal in May of this year. The CFTC said that it will no longer enforce the existing "no-admit" clauses in future cases, but defendants may still be required to admit specific facts or responsibilities in some settlement cases. (Cointelegraph)

According to Livecoins, South American agricultural company Adecoagro is advancing a Bitcoin mining project in Brazil. The report states that Tether is a major shareholder of Adecoagro, and the project will use clean energy generated from burning sugarcane residue for mining. The initial plan is to use 10 MW of power and deploy 1,280 Bitcoin mining machines, with operations expected to start around July 1, 2026. Adecoagro project manager Matheus Lechuga said that this data center project aims to verify existing infrastructure and improve energy efficiency. The local government has assisted in advancing environmental permits and business environment support.