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Crypto Realm News reports that there were reports recently that the Abha International Airport in Saudi Arabia was attacked. At a regular press briefing on the 20th, Lin Jian, a spokesperson for the Ministry of Foreign Affairs, said that China opposes attacks on civilian facilities, and that the sovereignty and security of Saudi Arabia and other countries should be respected. China calls on the relevant parties to resolve disputes through political and diplomatic channels, and to create conditions for the early restoration of peace and stability in the region.

CoinDesk announcement: Abraxas Capital’s main address increased its ETH short position by 1,653.79 ETH, worth about $3,024,364.94. Its current position size is $16,694,618.93. The average entry price has been adjusted from $1,866.58 to $1,859.79. The current profit and loss is +$270,870.53 (+16.23%). The current ETH price is $1,830.10, and the liquidation price is $3,291.20. Since building the position in May, the address was once a whale and the largest contract capital holder on HyperLiquid. Starting in November, it continued to take profit; the position size had previously reached $920 million.

CoinDesk China news: According to A’s early issuance data, the New York spot gold price fell below $4,050 per ounce, down 1.92% intraday.

CoinWire News: Apple has sued OpenAI for allegedly stealing trade secrets. This lawsuit introduces significant uncertainty for OpenAI, which could delay its strategic plans and impact its market valuation.

South Africa plans to expand its strategic oil reserves, targeting coverage of 60 days of demand. The reserve size is about 36 million barrels, of which roughly two-thirds is crude oil and the rest is petroleum products. To fill the existing shortfall in inventories, it plans to increase reserves by 10 million barrels; financing and guarantee instruments will be set by the Ministry of Finance and the national oil company. Approved wholesalers and importers must maintain inventories equivalent to 21 days of demand. The initiative is set against the backdrop of the 45 million barrel storage facilities established in Saldanha Bay in the 1970s due to sanctions.

According to a message from Biejie.com, according to monitoring by Lookonchain, after a trader incurred a loss of $4.4 million in SKHX and failed to profit from two long positions, they switched to going long NVDA, opening 96,251 NVDA long positions with 3x leverage, worth approximately $20.22 million.

Avalanche price prediction: Will the $6.50-$7.50 range hold
AVAX moves?
Avalanche (AVAX) is trading around $6.55, showing signs of recovery after rebounding from recent lows. The price has held above the key $6.00 support level, while traders continue monitoring whether AVAX can remain within the $6.50-$7.50 consolidation range before attempting another breakout.
Although buying interest has improved, the token is still facing resistance near $6.65, making the next few sessions important for confirming market direction.
Key data:
Current AVAX price: Around $6.55
Daily change: Positive recovery
Short-term outlook: Moderate volatility
Main consolidation range: $6.50-$7.50
Performance across timeframes:
24 hours: Stable
7 days: +10% gain
1 month: Recovery continues
3 months: Market remains volatile
Fundamental factors:
Avalanche has recently gained attention following the launch of regulated AVAX investment products in the United States and continued ecosystem development.
Analysts are also watching institutional adoption and the networks role in tokenization initiatives. However, weak derivatives activity suggests traders remain cautious until AVAX breaks above key resistance levels.
Conclusion:
Avalanche is currently trading in a consolidation phase. As long as AVAX holds above $6.50, the market bias remains neutral to mildly bullish. A sustained move above $7.50 could confirm further upside momentum.
#GTBurns2.57MInQ2 #PredictWorldCup🇵🇹vs🇪🇸 #VitalikUnveilsLeanEthereum #gStocksTokenizedStocksLive #BitcoinWhalesAdd270KInTwoWeeks $AVAX ‌$AVAX ‌

CoinWorld News, according to QCP Capital, reported that on July 3, Bitcoin briefly fell below $58k, then returned to above $60k, with Ethereum also returning to above $1,700. It rebounded nearly 10% from its mid-week low. Short-term implied volatility in the options market fell, and call options expiring in July became the dominant trading product. With U.S. wage growth accelerating, unemployment declining, and consumption remaining strong, the Federal Reserve still has room to maintain a hawkish stance. BTC spot ETFs recorded net inflows of $224 million, but U.S. Treasuries and U.S. stocks have not yet confirmed a full recovery in risk appetite; this is currently a phased rebound in the crypto market.

According to CryptoRank, only 47 public token sales (ICO, IDO, and IEO) were recorded in the second quarter of 2026, raising $40 million, marking the lowest quarterly level in the past four years. Compared to the cycle peak, public token sale fundraising fell by 95.3%, and the number of sales decreased by 90.5%. CryptoRank stated that public fundraising is no longer the primary financing path for crypto startups, with more funds flowing into private rounds, and public sales have become more selective.

CoinWorld News, U.S. President Donald Trump: Iran has launched at least four one-way attack drones at vessels transiting the Strait of Hormuz. This is a foolish violation of our ceasefire agreement.

CryptoWorld News: Hive Digital Technologies has signed a $220 million Canadian sovereign AI infrastructure agreement. The GPU cloud contract, in collaboration with Bell and Cohere, is driving Hive Digital Technologies' transition from Bitcoin mining to high-performance AI computing.

CryptoWorld News reports that, according to Lookonchain, a whale has closed 7,137 XYZ:SP500 contracts, realizing a profit of $561k, and is currently still holding 12,865 contracts.

Tim Draper stated that the threat of quantum computing to Bitcoin is overestimated; traditional fiat currencies and banks face greater risks, and quantum computing could potentially topple the banking system first. He also said that the Bitcoin network can roll back to the most recent secure block through a hard fork, but it requires broad consensus among miners and nodes. Draper previously bought nearly 30k confiscated Bitcoins at about $632 each and is confident that Bitcoin will surpass the US dollar, predicting it will reach $250k within 18 months. There is still intense debate about the impact of quantum risks on Bitcoin.

CryptoWorld News: The Lebanese government forces issued a statement on the 6th, saying that Israel launched an airstrike on a Lebanese military vehicle on the road in southern Lebanon, resulting in the deaths of several soldiers, including an officer.

CoinWorld News, Glassnode co-founder Rafael Schultze-Kraft pointed out that after Bitcoin recently fell below $60,000, it has entered a rare price range that historically marks major market bottoms. He believes that Bitcoin's bottom range may be between $46,000 and $54,000. If Bitcoin can recover above $75,000, it could signal the first substantial repair of the market structure. Currently, Bitcoin has rebounded from an intraday low of $59,791 to above $61,000 and has broken below the breakeven price for holders since December 2022.

CryptoWorld News reports that Russia’s Ministry of Foreign Affairs has confirmed a Ukrainian drone attack on vessels in the Azov Sea.