Data: Hyperliquid’s position entry price heatmap shows both BTC’s long and short sides are in a fragile state.

According to EmberCN’s monitoring, the ETH/BTC exchange rate has rebounded from a low of 0.0252 to 0.0285 over the past month. A whale that has accumulated 6,389 ETH (worth around $1.134 million) in coin-based profits via two ETH/BTC exchange rate trades this year executed its third such trade of the year today: selling 4,695 ETH at a rate of 0.0285 to receive 133.8 BTC. The whale is betting the ETH/BTC rate will weaken going forward, meaning ETH will post smaller gains or larger losses relative to BTC. On-chain data shows the whale’s prior two ETH/BTC swing trades this year both involved selling ETH at high rates and buying back ETH at lower levels, netting a total of 6,389 ETH. Details: In early January, it sold 22,345 ETH for 774 BTC, then repurchased 24,564 ETH by the end of January, earning a profit of 2,219 ETH. In mid-April, it sold 24,564 ETH for 784.7 BTC, and repurchased 28,734 ETH in early June, adding another 4,170 ETH in profit.

According to monitoring by Onchain Lens, whale address "FU76ac" has deposited approximately $2.76 million worth of USDC into Kamino Finance's lending vault. The funds were routed via the Invest function of the Kvault Program to Kamino Lending Program for participation in lending activities and generating returns.

The New York Times published an article stating that, amid the U.S. reaching an understanding with Iran and the Trump administration adjusting its Middle East policy, rifts between U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are growing, and U.S.-Israel relations are at a critical turning point. The report said Trump had reportedly privately criticized Netanyahu for escalating military actions in Lebanon, telling him "everyone hates you now". U.S. Vice President J.D. Vance recently publicly stated that Israel "cannot rely on constant warfare to solve all its national security issues", emphasizing that U.S. and Israeli interests are not always aligned. Recent public criticism from the U.S. administration toward the Israeli government has sparked discontent among Israeli domestic conservatives and Netanyahu’s pro-Netanyahu camp. A latest poll shows that Trump’s approval rating among Israeli citizens has dropped significantly after the U.S. signed a memorandum of understanding with Iran. The article argues that Israel’s long-held security strategy of relying on military force to achieve "total victory" is facing growing skepticism. Against the backdrop of ongoing wars and deepening international isolation, no matter who comes to power in the future, Israel will have to reassess its security strategy and foreign policy.

Driven by the 2026 FIFA World Cup, U.S. prediction market platform Kalshi’s June trading volume rose to around $9.4 billion, a nearly 77% jump from May’s roughly $5.3 billion and an all-time high. In the same period, Polymarket International’s trading volume grew from around $3.5 billion to approximately $4.3 billion. Data shows the World Cup served as a key catalyst for the growth of prediction market trading. As this World Cup expanded to 48 teams for the first time, increasing the number of matches and knockout scenarios, it boosted activity in single-match event contracts. Notably, the Round of 16 match between Canada and Morocco saw trading volumes exceeding $48 million on Kalshi and $26.8 million on Polymarket respectively. However, the rapid surge in trading volume has also intensified regulatory debates. Multiple U.S. states continue to argue that sports event contracts should be subject to gambling regulation, rather than being classified as derivatives markets overseen by the U.S. Commodity Futures Trading Commission (CFTC). Meanwhile, the European Securities and Markets Authority (ESMA) recently warned that some event contracts may fall under the regulatory scope of existing binary options rules. Analysts note that the World Cup has validated prediction markets’ ability to attract liquidity during major events, but whether sports event prediction contracts should be regulated as financial derivatives or gambling remains a core regulatory issue facing the industry.

According to a WSJ report, the U.S. held its 250th Independence Day celebration in Washington, D.C. on Saturday local time. Against a backdrop of record-high temperatures and thunderstorms, President Trump delivered a speech emphasizing "American exceptionalism." On Saturday evening, Trump said: "For 250 years, the U.S. has been the hope, promise, light and glory of all nations around the world. No country on Earth can compare to us." Earlier that day, as Washington experienced its hottest Independence Day on record, thousands of people waited in line for hours to attend the "Great American State Fair" and the evening "Salute to America" celebration, only to be ordered by law enforcement to evacuate the National Mall. Hundreds of people headed to nearby museums and federal government buildings to escape the heat. The National Mall was later reopened, allowing crowds to re-enter the secured area for the evening’s events. Trump took the stage after 11 p.m. that night, more than an hour behind schedule. He stated: "America’s strength and power are not something to be ashamed of, but something we take great pride in."

In its latest report, Nomura Securities argues that the core contradiction in the global storage industry remains severe supply shortages, and AI-driven structural demand growth has not yet peaked. Recent investor concerns about oversupply are clearly overblown, and the market’s overreaction may provide a window for the storage sector to re-examine its valuations. Nomura bluntly states in the report that market concerns are greatly exaggerated. The cycle for semiconductor investments to translate into actual production capacity is extremely long: South Korea’s investment plan worth up to 4800 trillion won will take at least 5 to 10 years to materialize into real capacity, and the squeeze on general-purpose storage capacity from high-margin HBM (High Bandwidth Memory) is causing severe supply shortages. Nomura stresses that Meta’s move is by no means a turning point for declining AI-related hardware demand. On the contrary, as current computing power supply shortages have pushed per-token prices upward, Meta’s entry into the computing power market is expected to help stabilize token prices.