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7/2
09:23
Svmuu News: Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), posted on X that Illinois’ legislation imposing a so-called “sin tax” on blockchain technology could jeopardize Chicago’s future status as a financial market hub. The bill even taxes the transfer of crypto assets that do not generate any economic benefit. Mike Selig called it “retrogressive legislation” and noted that the bill transforms residents’ property rights from “inherent rights” into “permit-based privileges.”
Mike Selig added that, against the backdrop of blockchain technology’s ongoing transformation of financial markets, choosing to tax crypto wallets instead of pursuing policies that drive economic growth may be viewed by history as a turning point—or even a sign of decline—for Chicago’s financial development.
09:22
Svmuu News: White House economic adviser Hassett, when discussing equity ownership, stated that Intel’s situation is unique and constitutes an extreme case, and that discussions are underway with all AI companies regarding profit sharing. (Jin Shi)
09:14
Svmuu News: Hassett, Director of the White House National Economic Council, stated that the employment data is consistent with the strong economic conditions. (Jin Shi)
09:13
Svmuu News: According to an official announcement, BitMart Futures will launch TTWOUSDT, KSTRUSDT, and BSPUSDT perpetual contracts on July 2, 2026, at 20:00 (UTC+8), with leverage of up to 25x.
09:06
Svmuu News: Crypto bank Anchorage Digital announced that it has integrated Lido, the largest liquid staking protocol on the Ethereum, to provide institutional clients with direct access to its derivative asset, wstETH. Institutional users can mint and burn wstETH while earning staking rewards from Ethereum, all within Anchorage’s custody and governance compliance framework. (The Block)
09:04
Svmuu News: Lower-than-expected U.S. nonfarm payroll data has boosted gold prices, which are currently up 2% after falling slightly prior to the report’s release. Data from the U.S. Bureau of Labor Statistics showed that only 57,000 nonfarm jobs were added in June, falling short of analysts’ previous forecast of 115,000.This unexpected data drove up stock markets and commodity prices, as the report eased market concerns about future interest rate hikes. Remarks by Federal Reserve-Chair Wash also helped alleviate market concerns regarding interest rates. Silver, the most actively traded commodity, also rose, gaining as much as 4%. (Jin Shi)
09:00
Svmuu News Bitcoin rebounded above $61,000 on Thursday, recovering from the 21-month low it hit earlier this week, as the market showed signs of stabilization following significant volatility.The U.S. spot Bitcoin ETF recorded net outflows of approximately $296 million on July 1, continuing the trend of capital outflows; this followed outflows of about $4.5 billion in June alone, one of the worst months on record. Among these, the Grayscale Bitcoin Mini Trust ETF led with net inflows of $36.3 million for the day.
On-chain data shows that long-term holders have re-entered an accumulation phase after a prolonged distribution period, with buying activity increasing among addresses holding 100–1,000 BTC. Currently, approximately 10.83 million BTC are in a state of unrealized loss, exceeding the 9.22 million BTC in profit.Glassnode analyst Chris Beamish noted that increased buying activity on the Coinbase’s order book and stabilizing gamma positions among market makers indicate that structural support is forming, though the derivatives market remains cautious. The put/call ratio in the options market has risen to a one-year high, implied volatility has increased, and safe-haven demand has strengthened;Meanwhile, Hyperliquid’s long leveraged exposure has risen to a recent high, indicating diverging market sentiment.
In terms of price structure, Bitcoin briefly fell below $58,000 before repeatedly testing that support level; it currently remains below the key $68,000 Gamma Flip zone;The realized price of approximately $58,000 is viewed as a key structural support level. On the macro front, U.S. nonfarm payroll data fell short of expectations, pushing back market expectations for the path of interest rate cuts, while the crypto market as a whole remains in a phase of capital rotation and structural dynamics. (The Block)
08:55
Svmuu News: The weaker-than-expected nonfarm payrolls report prompted traders to scale back their expectations for interest rate hikes by the Federal Reserve in the coming months, causing U.S. Treasury yields to rise.The yield on the two-year Treasury note, which is most sensitive to changes in monetary policy, fell 6 basis points to 4.11%, while the 10-year Treasury yield dropped 2 basis points to 4.46%.
Federal ReserveInterest rate swaps indicate that traders now see a roughly 20% probability of a rate hike at the Federal Reserve’s meeting later this month, down from 33% before the data was released. The market is pricing in fewer than two rate hikes of 25 basis points each through March 2027. (Jin Shi)
08:54
Svmuu News: Eric Balchunas, a senior ETF analyst at Bloomberg, wrote that the ETF market in June saw “JUNE-SANITY”-level performance, with several metrics approaching or breaking historical records. Data shows that the number of new ETF launches in June reached 214—equivalent to about 10 per day—significantly breaking the historical record. Additionally, ETF trading volume for the month reached $7 trillion, the second-highest level on record. Furthermore, net ETF inflows for the month totaled $191 billion, marking the second-highest monthly level on record, with average daily inflows of approximately $9 billion across some 2,700 different funds.
Eric Balchunas concluded that this series of figures reflects a comprehensive boom in the ETF market in terms of capital inflows, new product launches, and trading activity.
08:53
Svmuu News: Ondo Finance has announced the launch of a third-party custodial tokenized securities solution in the United States that complies with local regulatory requirements. The underlying assets are issued via Ethereum, and the company has partnered with financial infrastructure provider Broadridge to offer tokenized stockholders comprehensive shareholder governance and proxy voting services.
The solution employs a two-tier compliance architecture: the underlying physical shares remain held within a licensed traditional U.S. custody system; Ondo’s registered transfer agent mints tokens on a 1:1 basis and deploys them on the Ethereum public blockchain, while the underlying physical securities are simultaneously entrusted to a compliant custodian for safekeeping. (PR Newswire)
08:51
Svmuu News: Following a weaker-than-expected nonfarm payrolls report, U.S. Treasury prices rose as traders scaled back their expectations for interest rate hikes by the Federal Reserve in the coming months.The yield on the two-year Treasury note—which is most sensitive to changes in monetary policy—fell 6 basis points to 4.11%, while the yield on the 10-year Treasury note fell 2 basis points to 4.46%.Interest rate swap data shows that the market now prices in a roughly 20% probability that the Federal Reserve will raise rates at its meeting later this month, down from 33% prior to the report’s release.
The market expects the Federal Reserve to raise rates fewer than twice by March 2027, with each hike not exceeding 25 basis points.Nonfarm payrolls rose by 57,000 last month, while figures for the previous two months were revised downward; economists surveyed by Bloomberg had previously forecast an increase of 113,000. The unemployment rate fell to 4.2% due to a sharp decline in the labor force participation rate. (Jin Shi)
08:48
Svmuu News: Adam Button, an analyst at Investinglive, noted that U.S. nonfarm payrolls increased by 57,000 in June, falling short of the expected 110,000. The report was disappointing. While the unemployment rate fell to 4.2%, which appears positive at first glance, the labor force participation rate declined by 0.3 percentage points. Specifically, given the impact of the World Cup, the loss of 55,000 jobs in the accommodation and food services sector was truly unexpected. This runs completely counter to public expectations and economists’ model forecasts. (Jin Shi)
08:46
Svmuu News: Ondo Finance announced that it has launched a third-party custodial tokenized securities solution in the United States that operates within the existing regulatory framework, and has partnered with Broadridge Financial Solutions to provide full shareholder governance and voting rights support for holders of tokenized stocks.Under the design of the mechanism, the underlying shares remain within the traditional regulated U.S. custody system. Ondo’s registered transfer agent mints tokens on a 1:1 basis and issues them on the Ethereum blockchain, while the assets are held by a compliant custodian.
08:42
Svmuu News: According to data from MSX.COM, U.S. stock index futures rose following the release of the U.S. June nonfarm payrolls report, with Dow Jones futures up 0.36%,S&P 500 futures rose 0.39%, and Nasdaq-100 futures rose 0.71%.Among individual stocks, NVIDIA, trading in pre-market U.S. sessions, rose 0.5%, while ASML, AMD, and TSMC, each gained 2%. Intel and Micron, both technology stocks, rose more than 3%. These stocks had previously fallen by between 1% and 4%.
08:39
Svmuu News: According to feedback from community user @CG_BRC20, a serious bug has been discovered in the Alkanes protocol, resulting in the infinite issuance of tokens. A certain address has just exploited the bug, resulting in 100 million $DIESEL tokens appearing out of thin air. Neither the protocol’s official Espo flow browser nor the Subfrost interface can display these assets. Users holding this asset should be aware of the risks. Reportedly, administrators in the official Alkanes Telegram group have temporarily confirmed that funds are secure.
08:39
Svmuu News: U.S. June nonfarm payroll data showed that, despite a decline in the unemployment rate, hiring slowed significantly in June, dampening the initial momentum of job growth this year.According to data released Thursday by the U.S. Bureau of Labor Statistics, nonfarm payrolls increased by 57,000 in June (market expectations were 110,000), following a downward revision of 74,000 in the figures for the previous two months.
The decline in the unemployment rate was due to a sharp drop in the labor force participation rate—when the labor force participation rate falls, it means that a portion of the population has exited the labor market (for example, by giving up job searches, retiring early, or returning to school). These individuals are no longer counted as “unemployed” nor do they belong to the “labor force,” thereby leading to a lower unemployment rate.Following the release of the data, spot gold prices rose briefly, and the market scaled back bets on a rate hike by the Federal Reserve. The market has already fully priced in expectations of a rate hike by the Federal Reserve in December; previous expectations had been for a hike in October. (Jin Shi)
08:37
Svmuu News: According to Gate data, spot gold rose to $4,130 per ounce, up 2.45% on the day, and has gained nearly $60 since the nonfarm payrolls report was released.
08:35
Svmuu News: U.S. short-term interest rate futures rose sharply following the release of the nonfarm payrolls data, as the market scaled back its bets on Federal Reserve raising interest rates. The market has fully priced in Federal Reserve a rate hike in December, having previously anticipated a hike in October. (Jin Shi)
08:33
Svmuu News: According to OKX market data, ZEC has risen above 450 USDT and is currently trading at 450 USDT, with a 24-hour gain of 13.8%.
08:32
Svmuu News: According to Gate data, the U.S. unemployment rate fell to 4.2% in June—the lowest level since June 2025—and came in below market expectations of 4.3%. The U.S. Dollar Index (DXY) dropped 30 points in the short term, trading at 100.85. Spot gold surged sharply, touching $4,120 per ounce, up 2.20% on the day. The yield on the 10-year U.S. Treasury note fell 1.76 basis points to 4.457%.

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