The bankruptcy cost of FTX is close to $950 million, making it the most expensive bankruptcy case in US history

According to the Hong Kong Special Administrative Region Government News Release, Hong Kong Chief Executive Carrie Lam stated in her speech at the 28th anniversary reception of the establishment of the Hong Kong Special Administrative Region that Hong Kong has strengthened connectivity, formulated a stablecoin licensing system, optimized the listing process, and enhanced financial competitiveness. Hong Kong's position as a financial center has risen one place, firmly ranking third in the world. Hong Kong has introduced 84 key enterprises engaged in cutting-edge technology, bringing in approximately HKD 50 billion in investment.

SlowMist tweeted that the MistTrack team received a total of 429 cryptocurrency theft reports in the second quarter, including 278 domestic reports and 151 overseas reports. Assisted 11 victims in successfully freezing or recovering approximately $11.95 million worth of stolen assets.

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)