CZ suggests using blockchain technology to achieve AI data annotation and advocates for the development of decentralized tools

According to Cointelegraph citing Glassnode data, the proportion of Bitcoin supply on exchanges has dropped to its lowest point of 14.5% in nearly seven years (since August 2018) for the first time.

On July 2nd, according to Onchain Lens monitoring, a whale deposited 1595 BTC worth approximately $168.55 million into Binance.

The current US dollar index (DXY) is 96.695, which briefly touched 96.375 yesterday, hitting a new low since March 2022. At the same time, the off exchange price of OKX USDT narrowed to 7.12, the lowest since November 9, 2024. The weakness of the US dollar usually benefits cryptocurrency assets, but Bitcoin has recently fluctuated between $100000 and $110000 and has not significantly benefited from the depreciation of the US dollar. According to on chain data, despite the pressure on BTC prices, long-term holders (LTH) remain steadfast in their holdings, while listed companies continue to increase their holdings, and institutional capital inflows still provide structural support. If the US dollar index further weakens, it may accelerate institutional allocation of BTC to hedge against the risk of fiat currency depreciation. (AiCoin data)

According to BlockBeats, on July 2nd, according to The Block data, the spot trading volume of CEX in June fell to $1.07 trillion, lower than the $1.47 trillion in May and hitting a nine month low. Presto Research research analyst Min Jung said, "Although Bitcoin remains stable and not far from historical highs, the altcoin market is struggling, with most altcoins, including ETH, still falling nearly 40% from their peak. This indicates that the market is mainly driven by institutional investors purchasing Bitcoin, while the participation of retail investors who typically favor altcoins remains relatively low

BlockBeats News: On July 2nd, Cango Inc. (NYSE: CANG) released its June 2025 cryptocurrency mining production report, producing a total of 450 bitcoins that month with an average daily output of 15. As of the end of June, the total amount of bitcoins held reached 3879.2. The company also announced that it has completed the previously announced acquisition of rack mounted encrypted mining equipment on June 27th, adding 18 EH/s of computing power and increasing the company's total hash rate to 50 EH/s. Cango Inc. entered the cryptocurrency industry in November 2024 and is currently strategically deploying Bitcoin mining operations in North America, the Middle East, South America, and East Africa, while continuing to operate international used car export business through AutoJiango. com.