Bitcoin broke through $66,000, rising approximately 3.3% in 24 hours. The market is watching for a continuation of the recovery trend. Investors are focusing on selling pressure release, rate cut expectations, and ETF capital inflows. Although the short-term structure has improved, a new bull market has yet to be confirmed.

NIGHT experienced a 24-hour drop of approximately 33% with a surge in trading volume, driven by anomalies in the Wanchain cross-chain bridge and massive sell-offs. The incident involved the transfer of locked assets, raising concerns about liquidity and collateral security; Midnight stated that its mainnet was unaffected.

The U.S. June Leading Economic Index, released before the Fed's rate decision, will test whether the economic improvement is genuine. Although the May index rose for a consecutive month, the momentum mainly came from stock prices and interest rate spreads, while non-financial indicators remain weak. The risks of recession versus soft landing are still to be observed.

Following the end of the EU's MiCA transition period, crypto exchanges are undergoing an accelerated shakeout. The majority of over 1,200 legacy licensed entities have failed to complete the conversion, and ESMA has refused to grant an extension. Providing services without authorization will be illegal, leading to platform exits, license migrations, and a concurrent contraction in trading scope.

On its first trading day on the US Nasdaq, SK Hynix's American Depositary Receipt (ADR) recorded a premium of over 50% compared to its common stock on the Seoul bourse, a figure that quickly narrowed to approximately 26% the following day. This phenomenon, driven by high demand colliding with limited float supply, reflects intense interest from U.S. investors while also highlighting constraints on cross-market arbitrage and short-term pricing deviations.

In the first week of MiCA implementation, the European market experienced license redistribution and liquidity restructuring. Service providers must obtain authorization or cease serving EU clients. Licensed institutions gain market access, while unlicensed platforms restrict new users, adjust products, or migrate accounts, with stablecoins shifting toward compliant assets.

Solana's single-day DEX trading volume reached $4.15 billion, continuing to lead major public chains with its market share rising to 31%. This growth is driven by aggregators, automated market makers, and diverse trading entry points. However, single-day data only reflects short-term activity and is insufficient to prove sustained long-term capital inflows or an inevitable rise in SOL's price.

The U.S.-Iran peace process has abruptly broken down, and an attack on an oil tanker in the Strait of Hormuz has pushed Brent crude oil to around $86. The market fears disruptions to shipping and rising insurance and logistics costs. If transit capacity continues to decline, global energy supply and oil price volatility could intensify.

Driven by geopolitical conflicts and shipping risks, Brent crude oil has broken above $85, with the energy shock increasing inflationary pressure in the UK, pushing government bond yields higher. Markets have priced in central bank rate hikes ahead of time, but actual action still depends on whether oil prices can remain elevated and transmit to core prices.

Circle will hold a closed-door meeting in Seoul on July 23, inviting senior executives from Korean banks, exchanges, and payment firms to further solidify its market position in South Korea. This follows the CEO's visit to the country and local partnerships, occurring amid the stablecoin legislative process and intensifying competition for the Korean Won stablecoin, drawing significant market attention.

In 2026, capital in the crypto market hasn't disappeared; it has simply shifted from Bitcoin ETFs to the AI and semiconductor sectors. Bitcoin funds saw net outflows of approximately $12 billion, while semiconductor ETFs attracted over $20 billion in inflows, indicating that capital is merely switching to a different high-volatility track.

The Ethereum Glamsterdam upgrade is regarded as a fundamental shift in the mainnet's underlying logic, focusing on scaling L1, reorganizing transaction processing and data management mechanisms, and enhancing parallel processing capabilities. This is the most significant protocol change since the Merge, also rekindling market attention on ETH's value capture.

The failure of the CLARITY Act to advance before July 4 signals that a short-term implementation of a US crypto regulatory framework remains challenging. Market attention now shifts to whether the Senate will continue its review, and whether clarity can be achieved on the SEC-CFTC division of labor, stablecoin yield rules, and DeFi compliance.

SPCX will be added to the Nasdaq 100 Index at the US stock market open on July 7th, drawing market attention and potential passive fund inflows. However, its short-term price has weakened, and traders need to closely observe volume, price performance, and whether momentum can confirm sustained demand.

SK Hynix is set to list on the Nasdaq under the ticker SKHY, raising approximately $29 billion in what would be the largest ADR offering in history. This article provides a one-stop overview of the listing time, stock ticker, issuance scale, and key investment points.