In crypto information in the present day (July 7), Bitcoin has surged, sitting comfortably above $63,000 and up +0.7% previously 24 hours. Liquidations have picked up, with over $532M in positions blown up since yesterday, and apparently, the break up is sort of 50/50 between longs and shorts.
Yesterday noticed a second consecutive day of constructive ETF flows for Bitcoin, a metric that’s serving to the market in its current rally. Over $265M BTC was purchased through ETFs yesterday, with over $200M of that determine coming from BlackRock’s IBIT after promoting almost $10Bn over the previous ten classes.
Whereas almost each main cap token is at the moment within the inexperienced over the previous 24 hours, BNB and XRP are two of the extra notable initiatives within the crimson in the present day, every down round -0.5%. Each day buying and selling quantity has dropped over the previous 24 hours, going from $94Bn yesterday to $82Bn in the present day.
The Concern & Greed Index is starting to replicate the cautious optimism returning to the markets, sitting at 27/100, up from 24/100 yesterday and extra importantly, going from ‘Excessive Concern’ to simply ‘Concern’.
Crypto Information Immediately: BONK Crashes After $20M Assault on BonkDAO Treasury
BonkDAO has lately fallen sufferer to a cryptocurrency assault, as reported on Bonk Inu’s official X web page. The undertaking staff 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 a suspicious governance proposal that granted entry to the treasury’s funds. Subsequently, stolen tokens started transferring to exchanges, exerting downward strain 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 change Upbit introduced that it had briefly suspended BONK deposits and withdrawals.
The Bonk staff has notified legislation enforcement and is actively working with related events to get well the stolen funds and determine these liable for the assault.
Looks like current #Bonk hack was not a hack in any respect. All funds been transferred to new multisig pockets and Bonk 2.0 is created. This could be 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 Positive aspects Full MiCA Approval in Increase for EU Crypto
In different crypto information in the present day, Ripple has gained a major regulatory benefit in Europe by reaching full compliance with the Markets in Crypto-Belongings (MiCA) framework. Nonetheless, within the brief time period, XRP’s value actions are predominantly influenced by Bitcoin somewhat than by its personal basic elements.
Essentially the most notable growth is Ripple’s full compliance with the EU’s MiCA rules. This compliance permits the corporate to supply regulated crypto providers throughout the European Financial Space (EEA) underneath a unified licensing framework, tremendously enhancing Ripple’s place in one of many world’s most necessary digital asset markets.
Regardless of this constructive regulatory milestone, XRP stays extremely depending on Bitcoin’s efficiency. This dependency was evident when reviews emerged that Technique bought 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 brief time period, XRP’s efficiency is extra intently tied to Bitcoin’s route than its personal fundamentals. So long as Bitcoin is underneath strain, the upside potential for many altcoins, together with XRP, is more likely to stay restricted, no matter any constructive information particular to the initiatives themselves.
Ripple Secures Full MiCA License In Europe
Ripple (@Ripple) has obtained its full Crypto Asset Service Supplier license from Luxembourg’s CSSF.
The approval makes the corporate totally 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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