Hedge funds set an all-time record for the scale of US information technology stocks they sold over the past week.

Per Bitget market data, AI-related US stocks staged a V-shaped reversal tonight, with most erasing their post-opening declines. Micron Technology is down 3% after hitting an intraday low of 8%. Marvell Technology (MRVL) turned positive, currently up 0.49% following an over 5% intraday drop. Corning (GLW) and CommScope Holding (CBRS) rallied more than 10%. Storage stocks Western Digital (WDC) gained 8% and Seagate Technology (STX) rose 4%.

According to an official announcement, the underlying asset of the CRWDUSDT perpetual contract will implement a 1-for-4 stock split of its issued Class A shares via a dividend distribution. Consequently, Binance will adjust the contract size of its CRWDUSDT U.S. dollar-margined perpetual contract at 08:00 (UTC+8) on July 2, 2026. The adjustment is projected to be completed by 21:30 (UTC+8) the same day. Post-adjustment, the contract will enter a 5-minute cancel-only phase.

In an interview, CZ stated that when X Corp launched X Money, he sent a message to Elon Musk on X, inquiring whether Binance could become a partner. Musk responded that X Money is not currently venturing into the cryptocurrency space. CZ added that he hopes X will eventually evolve into a global payments platform, drawing a parallel between this opportunity and Starlink’s achievements in the internet access sector.

In an interview, CZ stated that Strategy’s preferred stock STRC structure is "too complicated", noting that "it took many attempts to understand STRC". The product relies on Bitcoin as underlying collateral, creating a structural contradiction: while Bitcoin’s long-term appreciation thesis may be valid, its volatility makes it a challenging base for leverage instruments. CZ also emphasized he is not commenting on founder Michael Saylor’s credibility, describing him as a "firm Bitcoin supporter".

In an interview, CZ stated that Binance’s MiCA license application submitted in Greece was fully compliant with regulatory requirements and near approval before being withdrawn, but the process was interrupted by "external political intervention". He added that multiple EU countries had expressed interest in the license, leading to a degree of "competitive lobbying", yet non-regulatory factors ultimately derailed the application, forcing its withdrawal. Binance officially pulled the Greek application last week and said it will shift to other EU member states to pursue MiCA authorization. Responding to market rumors linking Binance to senior EU political figures, CZ noted he has not seen any verifiable documents, only similar claims online, and has not confirmed them. He also pointed out that the EU MiCA transition period will end on July 1, after which unlicensed platforms must cease related services, with national regulators making clear they will not extend the deadline. CZ called the outcome a "lose-lose situation" and cited Japan and Singapore’s regulatory paths as examples, emphasizing compliance processes often require longer timelines.

Barry Silbert, founder and CEO of Digital Currency Group (DCG), parent company of Grayscale, reposted on X to disclose that crypto exchange Kraken is set to list Alpha tokens from Bittensor subnets. According to leaked details, the first batch of tokens to be listed includes Chutes, Targon, Score, Ridges AI, Hippius, and others.