
Bitcoin Jumps 4% in the Selloff's First Real Bounce
Bitcoin rose 4% to $61,200 and the CoinDesk 20 gained 4.77%, with open interest and funding rates turning in a way June's brief rallies never did.
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Bitcoin rose 4% to $61,200 and the CoinDesk 20 gained 4.77%, with open interest and funding rates turning in a way June's brief rallies never did.

Securitize began trading on the NYSE as SECZ on July 2, a day after closing a roughly $400M SPAC merger with Cantor Equity Partners II.

Bitcoin bottomed at $57,735 on the first day of July, then a spot buying surge carried it back above $60,000, closing a first half down about 30%.

A new nonprofit backed by BitMine, SharpLink Gaming and Joseph Lubin takes on institutional outreach for Ethereum, days after the Foundation cut that work back.

From July 1, any firm serving California residents needs a DFPI licence, with civil penalties running to $100,000 a day for operating without one.

More than 140 companies, including Stripe, Coinbase, Visa and BlackRock, backed Open USD, a consortium stablecoin with fee-free minting that returns reserve income to partners. Circle shares fell more than 17% to a four-month low.

Stablecoin supply fell $7.7 billion in June to about $312 billion, the first monthly contraction in five months, while adjusted transfer volume set a record $1.79 trillion. Supply down and usage up is the month's central puzzle.

The FCA published its final cryptoasset rules, covering trading platforms, custodians, stablecoin issuers and staking providers, with the regime due in 2027.

New York Life Investment Management, which manages $807 billion, launched its first tokenized product with Centrifuge: an on-chain high-yield corporate bond portfolio bought and sold in USDC. It moves Wall Street tokenization past Treasuries and into credit.

Strategy's board authorized the sale of up to $1.25 billion of bitcoin, two days after its mNAV fell below 1.0 and shut off the equity-issuance model behind four years of buying. It holds more than 843,000 BTC against preferred dividends above $700 million a year.

BitMine added 27,084 ETH to reach 5.7 million, about 4.7% of supply, and SharpLink bought 39,196, while FG Nexus sold again with realised losses above $86.8 million. Ether was near $1,550.

Polymarket raised the total stolen in a June 25 attack on its website to $3.1 million, taken from 11 wallets after a vendor's script served malicious code.