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Crypto news: GraniteShares YieldBoost RIOT ETF (code: RTYY) entered the oversold range during Tuesday’s trading, with the share price falling to a low of $10.35 per share. The oversold range is defined based on the Relative Strength Index (RSI), which is a technical analysis indicator.

Gate.io News: According to CoinJie.com news, analysts said that Bitcoin’s volatility has fallen by 50% compared with the previous cycle, so the current price range may be nearing the bottom. He observed a bullish divergence on a longer time frame, although short-term trend signals are still bearish. He said that negative momentum is weakening, but this doesn’t mean we’ve already left the bear market.

According to a message from Bianjie News, in the context of the controversy in which Tangem CTO Andrey Lazutkin disclosed to Ledger’s Security Team that Tangem cards have a physical attack vulnerability and cannot be fixed because the firmware is not upgradeable, he posted to defend Tangem’s minimalist design. He said that the more hardware wallet components there are, the larger the attack surface; therefore, Tangem uses an architecture with no screen, no battery, and firmware that cannot be upgraded. Andrey believes that firmware upgrades themselves are also a long-term code injection entry point, so an immutable design can reduce reliance on the vendor’s ongoing trust—the main security weakness of traditional hardware wallets lies in the seed phrase—while fully publicly disclosing the underlying mechanisms of the security chip could also provide attackers with clues.

Bitdeer released weekly Bitcoin data stating that, as of July 10, the company mined 227.5 BTC this week and sold all 227.5 BTC, resulting in zero net BTC holdings. Since it sold the 189.8 BTC produced during the week it began selling on February 20 and its existing 943.1 BTC reserves, Bitdeer has disclosed for 20 consecutive weeks that its BTC net holdings are zero; this measure excludes customer deposits and BTC that the company has pledged.

Coin World Network news: The US and Brent oil both fell by $1 in the short term, trading at $71.70 per barrel and $76.31 per barrel, respectively. On the news front, Qatar’s representative has arrived in Iran and is conducting urgent mediation.

$BTC We're seeing an early July pump, similar to what we saw during the 2018 and 2022 bear markets.
In both cases, the rally ultimately formed a lower high on the LTF.
I'm bullish on the HTF, but major bottoms have historically taken time to develop. aka. more chop.

CoinWorld news, according to on-chain analyst Specter's monitoring, the Step Finance attacker is actively transferring the previously stolen funds into Ethereum via a cross-chain bridge and depositing them into the mixing protocol Tornado Cash. The attacker first transferred $5.8 million in assets across chains and received 3,874 ETH, then transferred another $21.4 million and received 12,124 ETH. So far, the attacker has deposited a total of $10.8 million into Tornado Cash, with the remaining $16 million in stolen funds still being continuously laundered. Additionally, over the past five hours, two attackers, including the one in the above case, have transferred over $21 million in total into Tornado Cash.

According to a Coin World news report, data released by CME Group shows that in June, the average daily trading volume of cryptocurrency futures contracts rose 76% year over year to 334,000 contracts, with a nominal value of approximately $10.7 billion. Among them, the average daily trading volume of micro Bitcoin futures contracts increased 46% to 77,000 contracts. In the second quarter, the average daily trading volume of cryptocurrency futures contracts reached 250,000 contracts, up 32% year over year, with a nominal value of approximately $13.7 billion. The average daily trading volume of Ethereum futures contracts increased 10% to 18,000 contracts.

According to CriptoNoticias, OfframpXYZ, a crypto fintech platform for freelancers in Latin America, announced on July 1 that it will shut down operations. Instant transfers and QR code payments have been disabled, while fiat deposits and withdrawals will stop on July 31. The platform is expected to close definitively on December 31. OfframpXYZ previously offered services such as U.S. dollar accounts and virtual Visa cards, enabling users to receive dollar income from platforms like Deel, Upwork, and Fiverr. Developer Maximiliano Firtman questioned the lack of advance notice, stating that users only received email notifications more than 10 hours after the services were suspended.

Coin World News, the main address of Abraxas Capital reduced its ETH short position by 724.29 units, approximately $1.15M, with the current position size at $4.5245 million, an average price of $2,196.53, a current profit/loss of $1.7695 million (+391.09%), a current coin price of $1,579.00, and a liquidation price of $4,943.73. The address has been building positions since May, was once the largest contract capital whale on HyperLiquid, began taking profits consistently in November, and its position size once reached $920 million.

Biworld News: Gold is on track for a fourth consecutive weekly decline, as the dollar remains strong and market expectations for the Fed to accelerate rate hikes to curb inflation put pressure on gold prices near $4,000 per ounce. OANDA senior market analyst Kelvin Wong said that the rapid repricing of the Fed's hawkish stance has created strong bullish momentum for the dollar, ultimately leading to this significant downturn in gold prices. Since hitting a record high at the end of January, this months-long correction in gold may extend further to $3,400 in the long term. Since hitting an all-time high of $5,594.82 per ounce on January 29, gold prices have fallen about 29%, as inflation sparked by the US-Iran war has intensified market bets on rate hikes. In addition, yesterday's US May PCE data rose from April, with the annual PCE price index exceeding 4%.

Crypto界网消息，Digital Asset Market Clarity Act在美国参议院的最后几周内，进展并不明朗。尽管谈判仍在进行，但法案的通过面临多重挑战，包括限制高级政府官员与行业保持商业关系的条款。参议院民主党人正在与共和党和白宫进行密切的三方谈判，尽管一些想法遭到拒绝，但他们仍然积极回到谈判桌上。法案的目标是在7月13日的参议院投票前解决所有问题，然而，分析人士对法案能否在此之前通过持谨慎态度。

According to Greekslive, Bitcoin options positions remain concentrated around a few key strike prices. Among them, negative Gamma risk is mainly concentrated in the $60k to $64k range, while positive Gamma is distributed between $67k and $82k, with concentrations near $67k, $71k, $75k, and $80k. The current Gamma structure is primarily driven by options expiring in June, July, and September, indicating that medium-term contracts still constitute the main portion of market makers' Gamma exposure. Compared to previous periods, the positive Gamma distribution in the high strike price region remains broad, while downside risk exposure continues to be concentrated just above $60k. The above data does not include options positions related to IBIT.

Crypto World News reports that Toss Bank in South Korea has signed an agreement with Solana to use blockchain technology for remittances, including stablecoin transfers, serving its 15 million customers. Toss Bank manages 300 trillion Korean won, becoming the first South Korean internet bank to partner with Solana and the second South Korean financial institution to collaborate with Solana.

The $BTC Supply in Loss has reached an all-time high level.
During the recent decline, the supply in loss reached the highs seen in 2019 and 2022.
With this decline, $BTC investors are experiencing their highest losses in history.

CryptoWorld News reports that Kevin Warsh states that artificial intelligence is a microcosm of American innovation. He describes AI as the most important economic transformation of his lifetime and warns that it is not easy, but the Federal Reserve believes that productivity-driven growth is worth embracing rather than fearing.