Over $84.9 million flowed out of the US spot BTC ETF market

Federal Reserve Chairman Kevin Walsh will testify before the Senate Banking Committee on July 15th regarding the semi annual monetary policy report. （Cointelegraph）

[TAC Responds to Price Plunge, States No Attack or Internal Sell-Off] TAC issued a statement clarifying that the protocol was not attacked, and neither the team nor early investors participated in sell-offs, as the related tokens are locked and subject to vesting periods. An internal review by TAC found no evidence of token over-issuance or malicious activity. The current downturn was triggered by large perpetual contract sell orders, which caused cascading liquidations in the perpetual contract market and transmitted selling pressure to the spot market. The TAC team is formulating measures to strengthen market structure and improve liquidity, with plans to be announced later this month. TAC Protocol (TAC) experienced an extreme market event early yesterday, plunging 90% within 15 minutes.

Kraken's parent company Payward has been awarded $22 million in arbitration and has requested the Delaware Court of Chancery to make a final judgment on Mazars USA. Kraken Co CEO Arjun Sethi stated that the case involves decarbonization, regulatory pressure, and the need for clear rules in the US cryptocurrency market, and called on Congress to pass the CLARITY Act. （Bitcoin.com News）

OKX has announced the addition of XPLUSD UM (X-Perp) and ALGOUSD UM (X-Perp) to multiple services, including futures contracts, officially launching on July 9, 2026, at 17:00 (UTC+8). Notes: - XPLUSD UM (X-Perp) trading will open on July 9, 2026, at 17:00 (UTC+8). - ALGOUSD UM (X-Perp) trading will open on July 9, 2026, at 17:15 (UTC+8). - X-Perp involves leveraged trading risks; users are advised to manage their positions responsibly.

According to Lookonchain monitoring, a user placed only one bet after creating a new wallet on Polymarket and withdrew $1.22 million before leaving.