BREAKING: $435 million has been liquidated from the cryptocurrency market in the past 12 hours.

On July 2nd, based on Farside's monitoring, yesterday FBTC experienced a net outflow of $172.7 million. GBTC witnessed a net outflow of $119.5 million. BITB had a net outflow of $23 million. And ARKB saw a net outflow of $27 million.

On July 2nd, as per Farside's monitoring, yesterday FETH witnessed a net outflow of $24.1 million, while ETHE had a net inflow of $10 million.

On July 2nd, as monitored by EmberCN, 2 addresses have recently dumped 8.2 million FARTCOIN on the blockchain within the past 5 hours (equivalent to $8.65 million), resulting in a 5% drop in FARTCOIN ($1.08 → $1.02). · Address AY4p...7XP4 sold 5.9 million FARTCOIN on the blockchain 2 hours ago (equivalent to $6.23 million) and exchanged it for 40,958 SOL. · Address 46aw...XN14R sold 2.3 million FARTCOIN on the blockchain 5 hours ago (equivalent to $2.42 million) and exchanged it for 2.423 million USDT.

On July 2nd, according to The Block. Based on an announcement made by Ethereum core developer Zak Cole on the X platform, a new organization named the Ethereum Community Foundation (ECF) has been set up. Its purpose is to support the institutional adoption of Ethereum infrastructure and ultimately boost the price of ETH. Cole stated that the organization has currently raised millions of dollars' worth of ETH, which will be utilized to support projects building "trust-neutral" technology. He said, "Our treasury is already filled with ETH donated by individual supporters." ECF declared on its official website: "All supported integration projects must facilitate the destruction of ETH. This mechanism aligns institutional usage with the value of ETH holders. By giving priority to supporting mechanisms that reduce the supply of ETH, we ensure that adoption behavior strengthens the monetary integrity of the network." In addition, all projects supported by ECF must meet two criteria: "immut

On July 2nd, the analyst at Mizuho reiterated a "Buy" rating on Robinhood (HOOD) and increased its price target from $80 to $99. Robinhood (HOOD) recently announced the launch of a tokenized stock product based on Arbitrum and is constructing the Robinhood Chain, an RWA-exclusive Layer 2 network. Dan Dolev, the analyst at Mizuho Securities, wrote in a report to clients, "The product velocity of Robinhood is astonishing." He highlighted a series of significant product launches, such as providing tokenized U.S. stocks for European clients, up to 3 times leverage crypto perpetual futures, and asset staking for assets like ETH and SOL in the US. The analyst also mentioned upcoming features like crypto reward cards, an Ethereum-based Layer 2 chain focused on real-world asset tokenization, and an AI investment assistant named Cortex. CEO Vlad Tenev stated that his company will also issue tokenized stocks of private companies OpenAI and SpaceX.

On July 2nd, as per Decrypt's report, the substantial infrastructure bill proposed by U.S. President Trump narrowly got passed in the Senate on Tuesday. Nevertheless, the bill failed to incorporate a crucial tax provision that could have been beneficial to cryptocurrency users. During the intense final hours of the negotiations regarding the President's "Beautiful Bill", cryptocurrency-friendly senators and industry policy leaders were in a race against time to attempt to include an amendment in the bill. This amendment included the long-awaited cryptocurrency tax benefits. The beneficiaries would have encompassed stakers, miners, large cryptocurrency-holding corporations, and regular digital asset users. However, time eventually ran out. Earlier, insiders had informed Decrypt that it was not until the weekend that the cryptocurrency tax provision, which was led by Wyoming Republican Senator Cynthia Lummis, was ready. This led to a hectic Monday. Lummis pledged to introduce relevant