Crypto analyst Murphy pointed out that during the rebound of Bitcoin from $58000 to nearly $64000, spot trading volume rapidly declined, lacking support from spot demand. The USDC/USDT exchange rate fell from 1.001 to 1.0006, and the outflow of mainstream stablecoins on the trading platform narrowed. The 7-day average premium for long positions in perpetual contracts has risen to $160000 per hour, with holdings higher than the level in February this year. As the rebound continues, the risk of long position squeeze is accumulating.

According to Digital Asset, the Supreme Court of South Korea issued a legislative notice on July 2 regarding the revision of the Civil Enforcement Rules, establishing norms for civil compulsory enforcement of virtual assets. After soliciting opinions, it will come into effect on October 1. The revised content covers the enforcement and realization of the right to request the transfer of digital assets, as well as the enforcement and realization of digital assets themselves. After the court's seizure order takes effect, it prohibits third-party debtors from transferring assets to the debtor and also prohibits the debtor from disposing of related rights. Seizing creditors may apply to the court to require third-party debtors to state whether they recognize the right to claim and the specific content. The seized assets can be realized through transfer orders or sale orders, and the sale can be carried out by entrusting virtual asset operators, transferring them to the executive's account for sale, or exchanging them for easily realized digital assets for sale.

Cryptocurrency KOL Anselm stated on X platform that BullpenFi is a one-stop trading terminal co founded by them. The platform supports trading Solana Chain Meme coins, Hyperliquid perpetual contracts, Polymarket prediction markets, and stocks, and supports trading in US dollars through wire transfer, ACH, or cryptocurrency. Users can complete registration with just one click.

Critini Research analyst Jukan pointed out that Samsung and SK Hynix are re evaluating the timing of HBM hybrid bonding applications. JEDEC has relaxed the thickness standard of HBM5 to about 1000 μ m, loosening the 720 μ m standard of HBM3E and the 775 μ m standard of HBM4, making the hybrid bonding advantage no longer urgent. Samsung develops Heat Path Block, SK Hynix launches iHBM to replace hybrid bonding with independent heat dissipation solution. Nvidia does not have an urgent demand for stacking over 16 layers, and 12 layer products may be mainstream for HBM4E. The number of I/O in HBM4 has reached 2048, and the TC hot pressing process is approaching its limit. When the number of I/O in the future HBM5E stage increases to 4096, hybrid bonding will still be an inevitable direction, which will affect Besi's market expectations.

On chain monitoring shows that MK4 made a profit of $6.7 million by long positioning LIT with 5-fold leverage, with a current position value of $13 million and a historical total profit and loss of $173.68 million.