Heavy volume pushed XRP through resistance, but sellers met the move near $1.16 and left traders watching whether former resistance can now hold as support.

Japan's 10-year treasury bond bond yield rose to 2.815%, the highest level since 1996.

A stalling rebound in AI and chip stocks and a stronger dollar kept the mood cautious as the second half gets underway.

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.