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GFI Research

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🚨 AscendEX will officially cease operations on July 1, 2026. According to the latest announcement, AscendEX has suspended all services; users can now only access their accounts to: ✅ Withdraw funds ✅ Update KYC information ✅ Submit support requests ✅ Export transaction history 🌟 AscendEX stated that this decision relates to regulatory changes, including the EU’s MiCA framework, as well as operational and financial considerations of the platform. 👉 What concerns the community is not only the shutdown but also reports indicating that the exchange’s hot wallets are experiencing asset shortfalls, raising risks around its ability to meet withdrawal requests and process user withdrawals in a timely manner. Does anyone have assets on this exchange? 😰

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🌍 MONDAY MARKET UPDATE — 07.06.2026 🟢 Trend: Bullish ✅ BTC unexpectedly surged to $64K, triggering a recovery across altcoins after a prolonged price decline. ✅ Over the past 24 hours, 56,378 traders were liquidated, with a total liquidation value of $167.96 million. ✅ The market recorded mild upward momentum, primarily driven by strong growth in the Solana ecosystem and optimistic sentiment in derivatives positions ahead of the FOMC meeting minutes release. ✅ Update: Legislative efforts regarding cryptocurrency in the U.S. are expected to remain stalled due to the congressional summer recess, with no clear signs of near-term progress. 📌 KEY 24-HOUR MARKET HIGHLIGHTS ✅ SOL: Trading volume of tokenized real-world assets (RWA) on the Solana network doubled, reaching $5.7 billion in Q2, reinforcing the project’s adoption and market position. ✅ BTC: Update: Investors are focusing on call options expiring on July 8, reflecting optimistic speculation ahead of the FOMC meeting minutes release. ✅ DOGE: Daily active Dogecoin wallets have approached 50,000, providing support for a potential retest of the technical resistance level at $0.082. 👉 Capital is flowing preferentially into ecosystems with real growth, such as Solana, while the broader market turns its attention to the July 8 FOMC minutes for clues on the next trend direction. Have a great and energized start to your week! ❤️

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🚨 Q2/2026 has become the worst hacked quarter in crypto history 😱 ✅ According to the latest statistics, at least 83 attacks occurred in just the past three months, making this year’s second quarter the most security-dark period in market history. ⚠️ From bridges and DeFi protocols to Layer-1 and Layer-2 networks, nearly no ecosystem has remained completely immune to attacks. 📌 A string of major projects have become victims, while many smaller projects were forced to shut down after being hacked. 👀 After multiple cycles, it seems the toughest challenge in crypto isn’t TPS or transaction fees—it’s security, folks 😢

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🚨 Taiko urgently calls on users to withdraw funds 😱😱😱 ⚠️ The Taiko team has advised users to quickly withdraw their assets from the bridge to minimize risk while the issue is being resolved. 📌 The incident occurred just hours after reports emerged of a problem with Taiko’s on-chain state verification mechanism, further heightening community concerns about the security of this Layer-2 solution. 👀 Although the scale of losses is relatively small compared to many past hacks, the call for users to withdraw funds suggests this is no longer merely a technical issue. 👉 What do you think about so many hacks happening at this time?

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🚨 Fed holds interest rates steady for the fourth consecutive time, crypto markets turn red again 👀 📌 The U.S. Federal Reserve held interest rates steady for the fourth straight meeting during its first session under new Chair Kevin Warsh. No major surprises emerged from this meeting, as most information had already been priced in by the market. ✅ New Fed Chair Kevin Warsh has largely removed previous dovish language, adopting a more neutral stance and limiting long-term policy guidance (forward guidance). 🌟 Crypto and risk assets declined following the news, as financial markets returned to their familiar red tone 😅

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🚨 A licensed version of Polymarket is growing extremely fast 👀 🌟 While most attention remains focused on Bitcoin and ETFs, another name is quietly achieving impressive numbers. Kalshi has just surpassed $5.5 billion in perpetual futures trading volume, maintaining over $1 billion in daily volume for multiple consecutive sessions. 👉 What’s interesting is that Kalshi is neither a CEX nor a DEX. The platform allows users to bet on real-world events such as: ✅ Elections ✅ Macroeconomics ✅ Fed interest rates ✅ Sports ✅ Crypto And it operates under the oversight of U.S. regulators. From a somewhat novel idea just a few years ago, prediction markets are now rapidly emerging as a multi-billion-dollar industry. What do you think?

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🔴 STRATEGY & BITMINE BOTH BOTTOM-FISH BTC AND ETH Last week, two major players, Strategy and BitMine, simultaneously purchased BTC and ETH while temporarily holding unrealized losses. Specifically, Strategy acquired an additional 1,587 BTC, equivalent to approximately $100 million, at an average price of $63,024 per BTC. Meanwhile, BitMine bought an additional 76,881 ETH last week, increasing its total ETH holdings to approximately 5.62 million ETH. Looking closely at the actions of Michael Saylor and Tom Lee, it’s clear they are still aggressively DCA’ing into BTC and ETH. To be clear: they’re not selling—this isn’t about companies selling, it’s about conviction. 🥲

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🔴 Breaking: State Bank of Vietnam Tightens Crypto Transactions, Adds Numerous New Indicators of Suspicious Activity Related to Money Laundering The State Bank of Vietnam has just released a draft amendment to the Law on the State Bank of Vietnam and the Law on Anti-Money Laundering, which for the first time introduces 15 new suspicious indicators related to cryptocurrency transactions. Key highlights of the draft: ✅ Focuses not only on transaction volume but also on user behavior. ✅ Suspicious indicators include transaction splitting, continuous transactions without clear purpose, use of identity-obscuring tools, frequent conversion between different cryptocurrencies, acceptance of unusual losses, refusal to provide KYC information, and transactions with unlicensed platforms,... ✅ Enhanced monitoring of cross-border transactions and cases involving nominee accounts or exploitation. The draft is currently open for public consultation. What do you think about this draft? Comment below.

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🚨 Michael Saylor has just purchased an additional 1,550 BTC, worth approximately $101 million 😳 ✅ Following this latest transaction, MicroStrategy now holds a total of 845,256 BTC, further solidifying its position as the world’s largest corporate holder of Bitcoin. ✅ Interestingly, just a few days ago, the market was abuzz when MicroStrategy sold 32 BTC to pay dividends to shareholders—the rare sale after years of only buying and holding. ✅ But now, Saylor has returned to buy nearly 50 times the amount he just sold 🤣. Combined, the net BTC sold represents only about 0.0038% of MicroStrategy’s total Bitcoin holdings—practically negligible. 👉 Sold 32 BTC, bought back 1,550 BTC. Only Michael Saylor could pull this off.

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Michael Saylor posted a cryptic message saying "32?" amid the company’s temporary loss of over $13 billion as Bitcoin’s price reached $59K. CEO Phong Le also stated that Strategy’s goal is to gradually increase its net Bitcoin holdings and Bitcoin per share. He dismissed rumors of further Bitcoin sales following the sale of 32 BTC earlier in June 2025. What do you think—will Michael Saylor’s tweet signal more BTC sales ahead, or is it meant to influence market sentiment for DCA? Comment below.