Binance will airdrop 3500 EPT tokens to eligible users

According to U.S. Securities and Exchange Commission (SEC) filings, Alphabet (GOOG.O) reported holding 551.2 million Class A shares of SpaceX (SPCX.O).

According to Bitget market data, spot silver surged 5.00% intraday, currently trading at $64.60 per ounce. Spot gold extended its gains to hit a new high since June 18.

Bernstein announced it has raised SpaceX's (SPCX.O) price target from $239 to $248.

CryptoQuant analyst Axel Adler Jr. published a post noting that Bitcoin’s Long-Term Holder Spent Output Profit Ratio (SOPR) has fallen to 0.92, a sign that long-term holders are capitulating. However, Bitcoin’s price remains 30% higher than this group’s average cost basis of $49,300, with primary selling pressure still centered on short-term holders.

Stripe’s stablecoin infrastructure firm Bridge’s Luxembourg entity, Bridge Building, has joined the EU’s Markets in Crypto-Assets (MiCA) registration list after securing regulatory approval in Luxembourg. Per the latest update from the European Securities and Markets Authority (ESMA), Bridge’s addition brings the total count of MiCA-authorized e-money token (EMT) issuers on the EU registration list to 42. The development follows weeks after Bridge announced on July 2 that it had obtained Crypto Asset Service Provider (CASP) authorization under MiCA and an e-money institution (EMI) license from Luxembourg’s financial regulator. Mai Leduc Blount, Bridge’s product lead, noted that these approvals allow EU businesses to develop stablecoin and payment products under a regulated framework.

Bank of America strategists have stated that investor bullish sentiment has reached extreme levels, signaling it is time to begin reducing exposure to risk assets. In a report, the team led by Michael Hartnett noted that the bank’s Bull & Bear Index has climbed from 9.4 to 9.7, hitting its highest point since 2021. They pointed to a broadening stock market rally, massive inflows into high-yield bonds, and narrowing credit spreads as the drivers behind investors’ optimism. The team favors defensive assets, arguing that these holdings help portfolios fend off potential negative shocks from the economy, monetary policy, and the artificial intelligence sector. Hartnett commented, “We are still in a summer ‘rotation/retreat’ phase, not a ‘reloading’ phase.” He advised investors to reduce allocations to risk assets, or shift to defensive assets, duration assets, and the U.S. dollar.