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According to independent analyst Markus Thielen, Strategy (formerly MicroStrategy) currently has a cumulative purchase cost of approximately $62 billion for Bitcoin. Even though Bitcoin has been in a consolidation phase over the past two quarters, the company continues to finance through the capital markets and increase its BTC holdings.Historically, the stock price of Strategy has been highly correlated with the price of Bitcoin. During bull markets, it shows stronger elasticity and relative performance, but when market momentum weakens, the stock price sometimes declines earlier than Bitcoin. Currently, the stock price of Strategy ($169) and Bitcoin ($78,658) have shown some divergence. If past patterns still apply, a subsequent convergence of the two may indicate an improvement in Strategy's relative performance, but ultimately it still depends on the overall market environment.

According to Coinglass data, if ETH breaks through $2,404, the cumulative short liquidation intensity on mainstream CEX will reach $1.093 billion. Conversely, if ETH falls below $2,176, the cumulative long liquidation intensity on mainstream CEX will reach $697 million.

According to Coinglass data, if BTC breaks through $80,578, the cumulative short liquidation intensity on mainstream CEX will reach $1.867 billion. Conversely, if BTC falls below $73,450, the cumulative long liquidation intensity on mainstream CEX will reach $1.407 billion.

Lianlian Digital announced that it has successfully obtained a Money Services Business (MSB) license through the acquisition of an entity at the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), allowing it to conduct regulated activities such as foreign exchange, remittances, virtual currency, and payment services. The specific acquisition amount has not been disclosed.

Since the new system was launched by the Korean National Tax Service in July 2025, 33.9 billion won in unpaid taxes has been recovered through cross-border tax cooperation over the past nine months, accounting for most of the total amount recovered cross-border since 2015.Reports indicate that starting next year, South Korea will receive virtual asset transaction data from 56 countries based on a new cryptocurrency reporting framework, and plans to exchange information on overseas real estate holdings and transactions starting in 2030.

According to Bloomberg ETF analyst Eric Balchunas, T Rowe has submitted a third revised filing for the Active Crypto ETF, with the trading code $ TOKN and a fee rate of 75 basis points. According to its disclosure, the product may be launched soon.Eric Balchunas noted that it is worth paying attention to the fact that T Rowe is currently the largest actively managed institution applying to introduce active management capabilities in this field.

Sky proposes a comprehensive reform of the treasury revenue distribution mechanism. Founder Rune Christensen stated that with Genesis Capital's transition to Grove, Sky has officially ended the genesis capitalization phase, and the previous irregular capital deployment determined by governance has come to an end.The proposal simplifies the treasury management function (TMF) from a five-step conditional waterfall structure to a four-step fixed allocation framework, covering security and maintenance, overall backup capital, smart burn engine, and USDS staking rewards, while eliminating multiple legacy mechanisms. This move comes as Sky is rapidly expanding, with the supply of USDS rising to approximately $11.6 billion, making it the third-largest stablecoin. Previously, the Sky community authorized the deployment of up to $2.5 billion through the stablecoin incubator Obex, and launched the native USDS on Avalanche in April.

BitMEX co-founder Arthur Hayes stated at the "Bitcoin 2026" conference that the narrative in the Bitcoin market is shifting from "AI deflation" to "wartime inflation," and reiterated his bullish stance on Bitcoin, with a target price of $125,000.Hayes believes that the U.S.-Iran war is driving expectations for inflation and credit expansion, while improvements in bank system liquidity will offset the credit contraction caused by AI. He also mentioned that his liquidity indicators bottomed out last November and have been in sync with Bitcoin's movements.

According to Lookonchain monitoring, two wallets associated with Galaxy Digital deposited 45,000 ETH (worth $104 million) to Binance, Bybit, and OKX in the past 15 hours.

According to market news, the legislative committee of the Russian government has approved a proposal from the Ministry of Finance to include operations related to digital currencies within the scope of personal income tax collection, which includes cryptocurrency exchanges.The bill proposes that transaction costs be accounted for using the FIFO (First In, First Out) method and prohibits the carryover of losses from digital currency transactions to future tax periods. Meanwhile, certain services and transactions are proposed to be exempt from value-added tax, including services from digital custodians, cryptocurrency exchange services, and certain foreign digital rights transactions without physical delivery. For debt-type digital financial assets (such as tokenized bonds), the bill sets separate profit tax calculation rules and allows for loss carryover. Previously, the State Duma of Russia had passed the "Digital Currency and Digital Rights" bill in its first reading.

According to Coinglass data, if ETH breaks through $2,414, the cumulative short liquidation intensity on mainstream CEX will reach $1.271 billion. Conversely, if ETH falls below $2,186, the cumulative long liquidation intensity on mainstream CEX will reach $593 million.

According to Coinglass data, if BTC breaks through $80,996, the cumulative short liquidation intensity on mainstream CEX will reach $2.504 billion. Conversely, if BTC falls below $73,463, the cumulative long liquidation intensity on mainstream CEX will reach $1.338 billion.

According to Coinglass data, if ETH breaks through $2,398, the cumulative short liquidation intensity on mainstream CEX will reach $1.291 billion. Conversely, if ETH falls below $2,177, the cumulative long liquidation intensity on mainstream CEX will reach $392 million.

According to Coinglass data, if BTC breaks through $80,419, the cumulative short liquidation intensity on mainstream CEX will reach $2.549 billion. Conversely, if BTC falls below $73,539, the cumulative long liquidation intensity on mainstream CEX will reach $1.079 billion.

According to CoinDesk, Fidelity Digital Assets released the "Q2 2026 Signal Report," indicating that although the overall cryptocurrency market was in a consolidation phase at the beginning of the second quarter, several underlying data points have shown signs of stabilization.The report shows that Bitcoin's dominance continues to rise, with capital consistently concentrating on the most liquid assets. The levels of unrealized profits and momentum indicators are consistent with characteristics of a correction period, which may lay the foundation for a more stable market structure in the future.Meanwhile, the network usage and price trends of Ethereum and Solana have diverged, indicating that demand at the protocol layer remains robust. The report also notes that Bitcoin futures are currently experiencing negative funding rates, and research institution 10x believes this reflects structural hedging behavior by institutions rather than an overall bearish signal.

According to Coinglass data, if ETH breaks through $2,424, the cumulative short liquidation intensity on mainstream CEX will reach $1.254 billion. Conversely, if ETH falls below $2,212, the cumulative long liquidation intensity on mainstream CEX will reach $641 million.