Crypto Market Fear Subsides Significantly, Today's Fear and Greed Index at 45

According to Bloomberg, Zhipu issued 19.8 million H shares via a private placement, with the offering price ranging from HK$1,588 to HK$1,698 per share.

Bitget announced that its stock token (rToken) product has surpassed $100 million in assets under management (AUM) one month after launch. As of July 6, the number of users trading related assets exceeded 100,000, with cumulative trading volume hitting $671.37 million. In terms of asset distribution, rSPCX is currently the rToken with the highest total value locked (TVL), accounting for 23.51%; rCSCO and rNVDA follow with 17.75% and 13.38% respectively. Overall rankings indicate that early demand for rTokens is primarily driven by high-profile private market assets and tech-related targets, with AI infrastructure assets emerging as a key demand cluster spanning networking, chips, storage, semiconductors and other sectors. It is learned that rTokens, marked by the letter "r" plus the stock ticker (e.g., rNVDA for Nvidia), are issued by Reality, Bitget’s licensed Real-World Asset (RWA) protocol, and connect directly to global liquidity pools including the Nasdaq and New York Stock Exchange via a partnership with regulated broker Alpaca. Key features include: 1:1 reserve backing of underlying assets held by licensed custodians, stock dividends distributed proportionally in token form, synchronized mapping of corporate actions such as stock splits and consolidations, and holdings eligible as combined margin for unified accounts and USDT-denominated contracts—enabling users to flexibly manage funds while holding global stock assets.

The Monetary Policy Committee of the People's Bank of China (PBoC) held its second-quarter 2026 regular meeting. The meeting analyzed domestic and international economic and financial conditions, noting that the current external environment has grown more complex and volatile, global economic growth momentum remains weak, geopolitical conflicts and economic and trade frictions are frequent, major economies show divergent performance, and uncertainties persist over inflation trends and monetary policy adjustments. China’s economy as a whole remains stable, advancing toward higher-quality development and new growth drivers, with new progress made in high-quality development, though it still faces challenges including strong supply relative to weak demand, structural divergence, and external shocks. The meeting stated that it will continue implementing a moderately loose monetary policy, step up counter-cyclical and cross-cyclical regulation, better leverage the dual functions of monetary policy tools in aggregate and structural terms, strengthen coordination between monetary and fiscal policies, and promote stable economic growth and a reasonable rebound in prices.

According to monitoring by Onchain Lens, FalconX withdrew 73,900 HYPE tokens from Gate.io over the past seven minutes, valued at approximately $5.03 million.

According to HTX market data, EDGE has surged over 48% in the past 24 hours, currently trading at $0.504.

On-chain sleuth ZachXBT reported that LAB has plunged 85% over the past 24 hours, dropping from $14 to just under $2. At the $14 price level, its fully diluted valuation (FDV) reached $14 billion. Disappointingly, Binance, Bitget, and Gate failed to take action earlier to prevent this incident. He stated that if centralized exchanges (CEXs) truly prioritize their users, they should at minimum distribute profits generated by price-manipulating accounts to users. ZachXBT also added that LAB investor unlocks were originally scheduled to begin later this month, but multiple late-stage vesting period adjustments have occurred previously. He alleged that insiders control the entire circulating supply and have executed extreme price manipulation on CEXs through market makers. Trading LAB is not encouraged under any circumstances.