CryptoQuant reports: Binance's June futures trading volume reached $1.63 trillion, hitting a new high for the year.

Analyst Darkfost noted that since October 2025, the total market value of global Bitcoin treasury companies’ holdings has shrunk from $396 billion to $272 billion, erasing over $100 billion in value. Over the same period, the total Bitcoin held by these firms rose from 953,000 to 1.14 million coins — the market value drop was driven entirely by falling Bitcoin prices, not sell-offs. However, it is worth noting that since May this year, when Bitcoin entered a significantly undervalued range, the pace of these firms’ Bitcoin purchases has slowed sharply and nearly stalled. The companies’ most concentrated buying period ran from November 2024 to October 2025, during which their holdings tripled in less than a year at purchase prices roughly between $75,000 and $125,000 — a zone right within Bitcoin’s all-time high territory. The pressing question now is: With these firms having built up large positions at the peak, will they sell off at low levels? Strategy recently became the first to initiate Bitcoin sales; whether other treasury companies will follow suit and become a new source of selling pressure for the market remains to be seen. Given their current total holdings of 1.14 million Bitcoin, if more firms are forced to cut positions amid the slumping market to ease financial strains, this could pose additional downside risks to Bitcoin’s price.

The U.S. Department of Defense released 40 UFO-related documents on the 10th. This is the fourth batch of such documents released by the DoD since May this year, as required by President Trump. The batch consists of 14 documents, 19 videos, 4 audio clips and 3 images, sourced from multiple U.S. government agencies including the Department of Defense, NASA, the Central Intelligence Agency (CIA), the Federal Bureau of Investigation (FBI) and the Department of Energy. Around half of the files date back to after 2010. Some videos were captured by U.S. military infrared sensors, featuring heavy graininess and blurry quality, but a video shot in 2020 is regarded by some U.S. media as "the clearest footage so far" among the related documents. The 32-second video was provided by U.S. Northern Command. A text report attached to the video is heavily redacted. A U.S. Navy weapons systems operator stated in the report that the object was spotted over the Atlantic Ocean, describing it as "dark, maroon in color, about 12 to 15 feet (3.7 to 4.6 meters) high." "Structurally, it looked like a somewhat deformed weather balloon. When we flew past it, we couldn't confirm what it was... We then moved on, returned to the ship, and landed safely." (Xinhua News Agency)

As of July 9, data compiled from mainstream centralized exchange (CEX) current-account wealth management and earning products shows that stablecoin current yields vary across platforms including HTX, Binance, OKX, and Bitget, with most products adopting a tiered interest model of "high returns for small amounts, reduced rates for excess amounts". For USDT products: HTX offers the highest annual percentage yield (APY) at 10% for the 0–200 USDT tier; Bitget’s 0–300 USDT tier yields 6.31%, Binance’s 0–200 USDT tier is 4.47%, and OKX’s is 1.57%. Once exceeding the respective thresholds, HTX, Binance, and Bitget’s APYs drop to 1.95%, 1.47%, and 1.65% respectively. For USDC products: Binance’s 0–200 USDC tier has an APY of 6.76%, Bitget’s 0–300 USDC tier is 6.66%, HTX’s is 3.00%, and OKX’s is 1.74%. Additionally, HTX’s USDE current products offer an APY of 5% for the 0–1000 tier and 3% for amounts over 1000; Binance’s is 3.75%, Bitget’s is 3.64%. The USDD current product is currently only offered by HTX, with a listed APY of 4.00%. Overall, high returns on CEX stablecoin current products are mostly concentrated in small tiers, with yields for large amounts dropping significantly. When comparing products, users should not only consider nominal APYs but also pay attention to tier limits, supported currencies, platform rules, and product availability. Note: This data is compiled from official public pages of each CEX, for informational purposes only. This does not constitute any investment advice.

OpenAI Codex core member Tibo posted on X that the company previously let users enable high-compute mode too easily without fully explaining its impact on usage quotas. A large-scale revamp of the desktop app made common features like chat and projects hard to locate; overpromotional focus on ChatGPT Work led some Codex users to mistakenly believe the tool would be phased out. Additionally, the new version caused issues with some multi-agent workflows, plugin functions, and other user experiences. In response, OpenAI has rolled out its first batch of fixes: adjusting default settings and the model selector to prevent misuse of high-cost configurations, resolving multiple plugin submission issues, optimizing Codex’s presentation within the product, and fixing some desktop experience bugs. Over the past 24 hours, OpenAI has also been collecting user feedback, analyzing usage data, and communicating with users. While the market has shown strong interest in GPT 5.6 Sol, as well as ChatGPT Work’s web and mobile versions, OpenAI acknowledged multiple flaws in the recent update. To date, two top-ups for Codex and ChatGPT Work usage quotas have been completed. A larger-scale update is set to launch next week, during which chat and project features will return to the sidebar in a more familiar, customizable format. The platform will also enhance visibility of usage quotas and reset times, and further clarify the respective use cases of ChatGPT Work and Codex.

Citrini analyst Jukan posted on X that Apple secured a semiconductor tariff exemption after committing to use Intel’s fabs. The company will not only produce Mac chips at Intel but also manufacture iPhone chips there.

Deutsche Bank noted that after several weeks of relatively sparse remarks from Federal Reserve officials, a flurry of speeches ahead of the pre-meeting blackout period is coming next week. The most notable events include: Fed Governor Christopher Waller kicking off the week with a speech at the New York Association for Business Economics on Monday; Fed Chair Jerome Powell testifying on Tuesday and Wednesday; and several officials delivering outlooks after the release of June CPI data – Cook on Wednesday, Vice Chair Philip Jefferson, Lorie Logan of the Dallas Fed, and Schmid of the Kansas City Fed on Friday. Powell is expected to reiterate his recent stance of remaining non-committal on future policy moves. Waller, meanwhile, is typically more willing to elaborate on his policy reaction framework and outlook, so his speech will be closely watched for any signals about his policy leaning. For the outlook speeches, the market is focused on how officials interpret this week’s inflation data and whether any are leaning toward a rate hike in July. As shown in the June meeting minutes, “several” officials saw justification for a rate hike last month. Since then, the landscape has been mixed: oil prices and inflation expectations dipped before partially rebounding, while the unemployment rate fell further, raising the possibility of a dissenting vote in favor of a rate hike at the July meeting.