CBS: U.S. Treasury Secretary and Trump Once Had Heated Debate on Tariff Policy

Coinbase pushed an AI-generated "breaking news" alert to users, claiming Norway beat Brazil 3-2 and Erling Haaland scored a brace, but the notification was sent before the match had even started, sparking user skepticism. Coinbase CEO Brian Armstrong said the company had launched an investigation, and Coinbase later confirmed it had fixed the issue and updated its systems to prevent similar AI-generated content errors from recurring. Max Branzburg, Coinbase’s head of consumer and business products, noted that AI-powered 24/7 market news has potential but still needs further accuracy improvements. Notably, the actual final score of the match was Norway 2-1 Brazil, with Haaland scoring two goals, but the AI alert contained errors in both the score and its release timing. The incident comes as Coinbase continues to expand its prediction markets business; this year, it has offered U.S. users event contracts for sports, elections, and macroeconomic events via Kalshi, and views prediction markets as a key component of its strategy to build a "one-stop trading platform."

According to Bit.com market data, US-listed cryptocurrency-related stocks rose broadly in pre-market trading, with individual performances as follows: MSTR up 2.78%, COIN up 1.81%, CRCL up 3.31%, SBET up 2.64%, BMNR up 3.90%, and PURR up 4.35%.

Digital asset infrastructure firm Ripple announced it has obtained a Cryptocurrency Asset Service Provider (CASP) license from Luxembourg’s financial regulator (CSSF), completing its regulatory authorization under the EU’s Markets in Crypto-Assets (MiCA) framework, enabling it to offer crypto asset services across all 30 European Economic Area (EEA) countries. This formal authorization follows Ripple’s receipt of a principle approval in June this year, signifying that its compliant crypto payment products for financial institutions, enterprises, and commercial clients are now available across the entire EEA. Cassie Craddock, Ripple’s Managing Director for UK and Europe, stated that the CASP license means the firm is fully compliant with MiCA requirements and ready to expand its European operations in the post-transition period. The CASP license also supplements Ripple’s existing EU Electronic Money Institution (EMI) license. To date, Ripple holds over 75 regulatory licenses globally, and obtained crypto asset registration from the UK’s Financial Conduct Authority (FCA) in January this year. MiCA’s final transition period ended on July 1, with the EU officially replacing member states’ individual crypto licensing regimes with a unified regulatory framework. According to data released by the European Securities and Markets Authority (ESMA) on July 3, 280 institutions have obtained CASP authorization so far. Ripple becomes another major crypto firm to receive formal MiCA authorization, following Kraken, Coinbase, OKX, and Crypto.com. In contrast, Binance, the world’s largest crypto exchange, withdrew its Greek license application before the July 1 deadline and has not yet obtained MiCA authorization.

A decade ago, Elon Musk viewed SpaceX and Tesla as "weakly linked" and deemed there was insufficient justification for a merger. Today, market discussions have shifted from "whether a merger will happen" to "when it will occur", with long-term investors seeing a merger as a foregone conclusion. While Musk has not publicly confirmed the move, he has frequently referenced "integration" between his business units, and SpaceX has hinted in regulatory filings at a potential large stock issuance, fueling merger speculation. Both companies have pivoted to AI in recent years: Tesla is betting on autonomous driving and humanoid robots, while SpaceX acquired xAI and plans to deploy space-based data centers, with AI projected to become SpaceX’s largest revenue source starting this year. The business ties between the two have strengthened significantly: SpaceX has disclosed purchasing batteries and Cybertrucks from Tesla, and Tesla holds indirect equity in SpaceX via its xAI acquisition. Despite Musk dismissing the merger logic a decade ago, in 2025 he acknowledged synergies between the three entities in the field of solar-powered AI satellites—a key technology he views as critical for "obtaining massive solar energy".

A Bitcoin address dormant for nearly 15 years recently processed its first transfer, sending 30 BTC worth approximately $1.88 million at current prices. Galaxy Research on-chain data shows the address, labeled "1KV47," had not moved any funds since receiving 30 BTC in August 2011, until it sent funds externally for the first time last Saturday local time. This address is one of 39,069 dormant Bitcoin addresses involved in a New York lawsuit. Plaintiff "Noah Doe" and two Wyoming-registered companies are seeking to claim ownership of Bitcoin in these long-inactive addresses under New York State’s abandoned property law. Sani, founder of analytics platform Timechain Index, noted this group of addresses holds roughly 3.7 million BTC, valued at around $234 billion, including an address widely believed to belong to Bitcoin’s creator Satoshi Nakamoto. Alex Thorn, head of research at Galaxy Digital, said activity in dormant addresses linked to the lawsuit has risen sharply recently: 31 addresses transferred 17,527 BTC in June, compared to just 5 addresses moving 4,834 BTC in February this year. However, the legal community generally views the lawsuit as having weak grounds. Last Friday local time, a defendant identifying as "John Doe 33" who claims control over one of the addresses filed a motion to dismiss the suit, arguing Bitcoin addresses are merely data strings and not entities that can be sued. Edwin Mata, CEO and lawyer at tokenization platform Brickken, stated that an address’s long inactivity alone does not prove asset abandonment. Under property law, establishing abandonment typically requires proof that the owner explicitly intended to relinquish their property rights; dormant addresses may stem from long-term cold storage, lost private keys, or holders choosing to hold assets long-term, so they do not sufficiently support the plaintiffs’ claims.

This week, the crypto market will focus on Federal Reserve meeting minutes, U.S. economic data, and several crypto industry events; macro conditions and on-chain dynamics may jointly influence digital asset trends. On the macro front, the Federal Reserve will release the minutes of its June FOMC meeting in the early hours of July 9 (Beijing time), and markets hope to use this to gauge the future interest rate path. Additionally, the U.S. ISM Services PMI, consumer inflation expectations, initial jobless claims, and China’s June CPI data will be released sequentially. On the industry side, SpaceX will officially be added to the Nasdaq 100 Index on July 7, becoming the fourth index constituent to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from passive allocation demand from index funds. In addition, U.S. crypto miner American Bitcoin (ABTC) will resume trading after completing a 1-for-15 reverse stock split to avoid delisting by Nasdaq; Berachain will complete its PoL Next upgrade on July 7. In terms of on-chain governance, DAOs including ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will wrap up voting on multiple governance proposals this week. For token unlocks: Hyperliquid (HYPE) will unlock tokens equivalent to 0.2% of its circulating supply on July 6, worth approximately $30.39 million; RAIN will unlock ~7.64% of its circulating supply on July 11, valued at ~$787 million; PUMP will unlock ~29.12% of its circulating supply on July 12, worth ~$130 million. Beyond macro data, developments in the Russia-Ukraine conflict and the continued weakening of the Japanese yen also merit attention. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, with yen depreciation often accompanying Bitcoin price rallies.