In crypto information right this moment (July 7), Bitcoin has surged, sitting comfortably above $63,000 and up +0.7% up to now 24 hours. Liquidations have picked up, with over $532M in positions blown up since yesterday, and curiously, the break up is nearly 50/50 between longs and shorts.
Yesterday noticed a second consecutive day of optimistic ETF flows for Bitcoin, a metric that’s serving to the market in its latest rally. Over $265M BTC was purchased through ETFs yesterday, with over $200M of that determine coming from BlackRock’s IBIT after promoting practically $10Bn over the previous ten periods.
Whereas practically each main cap token is presently within the inexperienced over the previous 24 hours, BNB and XRP are two of the extra notable initiatives within the crimson right this moment, every down round -0.5%. Every day buying and selling quantity has dropped over the previous 24 hours, going from $94Bn yesterday to $82Bn right this moment.
The Worry & Greed Index is starting to mirror the cautious optimism returning to the markets, sitting at 27/100, up from 24/100 yesterday and extra importantly, going from ‘Excessive Worry’ to simply ‘Worry’.
Crypto Information As we speak: BONK Crashes After $20M Assault on BonkDAO Treasury
BonkDAO has just lately fallen sufferer to a cryptocurrency assault, as reported on Bonk Inu’s official X web page. The challenge workforce revealed that an attacker submitted a malicious governance proposal, leading to roughly $20M in BONK tokens being drained from the BonkDAO treasury.
The attacker efficiently pushed by means of a suspicious governance proposal that granted entry to the treasury’s funds. Subsequently, stolen tokens started shifting to exchanges, exerting downward stress on BONK’s value.
Within the wake of this incident, the BONK token’s worth dropped by greater than 9%. As a precaution, South Korean trade Upbit introduced that it had briefly suspended BONK deposits and withdrawals.
The Bonk workforce has notified legislation enforcement and is actively working with related events to get better the stolen funds and determine these chargeable for the assault.
Looks as if latest #Bonk hack was not a hack in any respect. All funds been transferred to new multisig pockets and Bonk 2.0 is created. This is perhaps penalties of general Bonk stalling. So no shock right here that we see this type of drama. Buckle up, Bonk must be reignited! pic.twitter.com/BjSIyBTFPL
— сcube ıı (@ccubetez) July 7, 2026
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Ripple Features Full MiCA Approval in Increase for EU Crypto
In different crypto information right this moment, Ripple has gained a major regulatory benefit in Europe by reaching full compliance with the Markets in Crypto-Belongings (MiCA) framework. Nevertheless, within the quick time period, XRP’s value actions are predominantly influenced by Bitcoin quite than by its personal basic elements.
Essentially the most notable improvement is Ripple’s full compliance with the EU’s MiCA laws. This compliance permits the corporate to supply regulated crypto companies throughout the European Financial Space (EEA) beneath a unified licensing framework, vastly enhancing Ripple’s place in one of many world’s most vital digital asset markets.
Regardless of this optimistic regulatory milestone, XRP stays extremely depending on Bitcoin’s efficiency. This dependency was evident when experiences emerged that Technique offered 3,588 BTC. Following this information, Bitcoin’s value dropped by greater than 3.7%, negatively impacting most main altcoins, together with XRP.
This case underscores that, within the quick time period, XRP’s efficiency is extra carefully tied to Bitcoin’s path than its personal fundamentals. So long as Bitcoin is beneath stress, the upside potential for many altcoins, together with XRP, is more likely to stay restricted, no matter any optimistic information particular to the initiatives themselves.
Ripple Secures Full MiCA License In Europe
Ripple (@Ripple) has acquired its full Crypto Asset Service Supplier license from Luxembourg’s CSSF.
The approval makes the corporate absolutely MiCA compliant. Its regulated crypto funds platform can now function throughout all 30 EEA… https://t.co/OQFwW1Dya7 pic.twitter.com/7wz0arPqMk
— BSCN (@BSCNews) July 6, 2026
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