KuCoin Crypto Daily(2026-07-07)

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Today's Highlights

1. SK Hynix to List on Nasdaq in $29 Billion IPO

2. Spain and Belgium World Cup Match to Feature Blockchain Betting

3. Perp DeXes Launch Summer Campaign with Fee Reductions

4. China’s Major Tech Firms Disable AI Companion Features

5. Trump’s American Bitcoin Tumbles 8.4% Ahead of Reverse Split


Macro News

U.S. Jobs Data Revised Downward in 14 of 17 Months

Recent data revisions show a total of 710,000 jobs erased since 2025, with the largest two-month downward adjustment since December. This trend suggests a weakening labor market.


EU MiCA Regulation in Effect, Shifting Crypto Holdings

With the EU’s MiCA regulation now active, traders are reevaluating their crypto strategies. BNB Chain is being considered as a self-custody alternative.


BTC ETFs Suffer $4 Billion Outflows in June

Bitcoin ETFs recorded their worst month ever, with over $4 billion in outflows. However, large holders have purchased around 270,000 BTC in two weeks.


Goldman Sachs Cautious on Semiconductor Sector

Goldman Sachs notes that while the semiconductor sector offers opportunities after a pullback, AI chip investments require more selectivity. The firm remains optimistic on CPU, ASIC, and memory segments.


XRP ETFs Hold 970.91M XRP, Close to 1 Billion Threshold

Despite a quiet trading day, XRP ETF holdings remain stable at 970.91M XRP, just 29.09M away from reaching the first 1 billion XRP locked in ETFs.


Industry Hotspots

Aptos Resolves Critical Security Flaw

Aptos patched a critical vulnerability highlighted in February, preventing potential exposure of billions in crypto assets. This underscores the importance of timely security updates in Web3.


BTC Sees $89M Large Buy Order Amid Intense Volatility

A $89 million BTC buy order at $63,570 triggered a surge in short liquidations. However, the price failed to sustain the momentum, indicating ongoing battle between buyers and sellers.


Bitcoin and Ethereum Trigger $140M in Short Liquidations

Bitcoin surged to $64,700 and Ethereum to $1,800, leading to $140 million in short liquidations within 30 minutes. High volatility remains a key market characteristic.


BitMine Immersion Adds 42,197 ETH to Holdings

BitMine Immersion added 42,197 ETH ($73 million) last week, bringing total holdings to 5.74 million ETH, or 4.8% of the total ETH supply.


Lighter and Mantle Networks See Increased Whale Activity

Whale transactions on Lighter and Mantle networks have surged to six-month highs amid altcoin volatility, signaling potential accumulation and strategic positioning.


KOL and Institutions

@blknoiz06

$ANSEM is a Solana meme coin built around the Black Bull culture and community. It focuses on strong social engagement rather than complex utility.

@blknoiz06

Why do you keep launching new coins every day and sending supplies thinking I'll repeat $ANSEM's success? $ANSEM was a wake-up call for the trenches.

@blknoiz06

New ATH for Solana address 9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump. Still cooking.

@blokfeed

Bitcoin and Ethereum show stability and gradual growth. BTC closed at $63,981, breaking resistance, while ETH closed at $1,797, climbing steadily.

@kyc_rip

XMR market status shows a +1.17% premium with 28,847 transactions in 24 hours. Privacy nodes account for 68.7% of the network.

@Arman_Trading

BTC is up 0.5% to $64,024, ETH up 0.4% to $1,796. Gold is down slightly to $4,154. S&P 500 futures at 7,588.

@javedahmedhere

BTC up 0.7% to $64,003, ETH up 0.8% to $1,798. Market sentiment remains cautious with Fear & Greed Index at 24 (Extreme Fear).

@Finance_Bareek

Buying residential apartments in NCR is a structured trap for buyers, with intermediaries profiting from commissions, stamp duty, and registration fees.

BNB down 0.6% to $585.43, SOL up 0.6% to $81.92. Market remains slightly green with ETH leading the gains.


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