CryptoQuant analyst Axel Adler Jr. pointed out that the MVRV ratio of long-term Bitcoin holders has dropped to 1.24, the lowest level in nearly three years. The cost base for long-term holders has risen to $48400, while BTC prices have fallen to $59000, with an average profit of 24% for long-term holders. Long term holders hold 16.1 million BTC, reaching a historic high, and the selling indicator remains consistently low. Analysts believe that when MVRV approaches 1.0, it usually approaches the bottom, but it has not yet entered the green surrender zone.

OKX will launch TAO/USDT spot trading, which will open on June 30, 2026 at 20:00 (UTC+8). Recharge is now available, and orders can be placed in advance within one hour before the trading opens. Bittensor is an open-source protocol that supports blockchain based machine learning networks.

Dubai lawyer Irina Heaver says European founders are flocking to the UAE for faster licensing, a dedicated crypto regulator and access to markets beyond Europe.

According to the Nihon Keizai Shimbun, the Ministry of General Affairs of Japan has promoted a special project to support local enterprises to develop mobile phone direct satellite communications. The target of funding is expected to be Rakuten Group Alliance. The Japanese government will provide 150 billion yen in total within three years to support projects such as satellite launch.

CMB International has covered SMIC's H-shares for the first time, giving a buy rating with a target price of HKD 110. CMB International predicts that SMIC's revenue will increase by 22%, 14%, and 12% in 2026, 2027, and 2028, respectively. SMIC's guidance for the next fiscal quarter is for revenue to increase by 14% to 16% quarter on quarter, with a gross profit margin of 20% to 22%.