On July 6, a Bitcoin address that had been inactive for nearly 15 years recently conducted its first transaction, transferring 30 BTC, valued at approximately $1.88 million at current prices. On-chain data from Galaxy Research indicates that the address '1KV47' had not made any transfers since it received 30 BTC in August 2011, until it transferred funds for the first time last Saturday local time. This address is one of 39,069 dormant Bitcoin addresses involved in a lawsuit in New York. The plaintiffs, 'Noah Doe' and two companies registered in Wyoming, are attempting to claim ownership of the Bitcoin in these long-inactive addresses under New York's lost property law. Sani, founder of the analysis platform Timechain Index, stated that these addresses collectively hold about 3.7 million BTC, worth approximately $234 billion, including addresses widely believed to belong to Satoshi Nakamoto. Alex Thorn, head of research at Galaxy Digital, noted a significant increase in activity among dormant addresses related to this lawsuit, with 31 addresses transferring 17,527 BTC in June, compared to only 5 addresses transferring 4,834 BTC in February of this year. However, the legal community generally considers the lawsuit's basis to be weak. Last Friday local time, a defendant claiming to control one of the addresses, 'John Doe 33', filed a motion to dismiss the lawsuit, arguing that a Bitcoin address is merely a data string and not a subject that can be sued. Edwin Mata, CEO and lawyer at the tokenization platform Brickken, stated that mere inactivity of an address does not prove that the asset has been abandoned. According to property law, establishing that property has been abandoned typically requires proof that the owner had a clear intention to relinquish ownership rights, and dormant addresses may simply be in long-term cold storage, have lost private keys, or the holder may have chosen to hold long-term, which is insufficient to support the plaintiffs' claims.

On July 6, a Bitcoin address that had been inactive for nearly 15 years recently conducted its first transaction, transferring 30 BTC, valued at approximately $1.88 million at current prices. On-chain data from Galaxy Research indicates that the address '1KV47' had not made any transfers since it received 30 BTC in August 2011, until it transferred funds for the first time last Saturday local time. This address is one of 39,069 dormant Bitcoin addresses involved in a lawsuit in New York. The plaintiffs, 'Noah Doe' and two companies registered in Wyoming, are attempting to claim ownership of the Bitcoin in these long-inactive addresses under New York's lost property law. Sani, founder of the analysis platform Timechain Index, stated that these addresses collectively hold about 3.7 million BTC, worth approximately $234 billion, including addresses widely believed to belong to Satoshi Nakamoto. Alex Thorn, head of research at Galaxy Digital, noted a significant increase in activity among dormant addresses related to this lawsuit, with 31 addresses transferring 17,527 BTC in June, compared to only 5 addresses transferring 4,834 BTC in February of this year. However, the legal community generally considers the lawsuit's basis to be weak. Last Friday local time, a defendant claiming to control one of the addresses, 'John Doe 33', filed a motion to dismiss the lawsuit, arguing that a Bitcoin address is merely a data string and not a subject that can be sued. Edwin Mata, CEO and lawyer at the tokenization platform Brickken, stated that mere inactivity of an address does not prove that the asset has been abandoned. According to property law, establishing that property has been abandoned typically requires proof that the owner had a clear intention to relinquish ownership rights, and dormant addresses may simply be in long-term cold storage, have lost private keys, or the holder may have chosen to hold long-term, which is insufficient to support the plaintiffs' claims.

SpaceX is exploring a larger-scale mobile phone and mobile communication business, with investors having seen a prototype device similar to a phone, which is thinner than an iPhone and runs on a self-developed operating system. Reports indicate that during preparations for the IPO, the company's president Gwynne Shotwell discussed the possibility of building a ground network to provide mobile services and considered partnerships with carriers. Starlink is currently collaborating with T-Mobile and others to provide mobile connectivity in remote areas.

SpaceX is exploring a larger-scale mobile phone and mobile communication business, with investors having seen a prototype device similar to a phone, which is thinner than an iPhone and runs on a self-developed operating system. Reports indicate that during preparations for the IPO, the company's president Gwynne Shotwell discussed the possibility of building a ground network to provide mobile services and considered partnerships with carriers. Starlink is currently collaborating with T-Mobile and others to provide mobile connectivity in remote areas.

On July 6, U.S. optical communication stocks, which collectively fell last Thursday, rebounded pre-market today. AXT Inc rose over 7%, while Nokia, Mavenir Technologies, Astera Labs, Credo Technology, and Tower Semiconductor all increased by more than 3%. Additionally, Qiagen, Viavi Solutions, Amphenol, Lightwave Logic, GlobalFoundries, Coherent, Fabrinet, and MaxLinear saw gains of over 2%.

On July 6, U.S. optical communication stocks, which collectively fell last Thursday, rebounded pre-market today. AXT Inc rose over 7%, while Nokia, Mavenir Technologies, Astera Labs, Credo Technology, and Tower Semiconductor all increased by more than 3%. Additionally, Qiagen, Viavi Solutions, Amphenol, Lightwave Logic, GlobalFoundries, Coherent, Fabrinet, and MaxLinear saw gains of over 2%.

On July 6, according to documents from the Hong Kong Stock Exchange, Tencent Holdings (00700.HK) repurchased 465,000 shares for a total amount of HKD 204.8 million.

On July 6, according to documents from the Hong Kong Stock Exchange, Tencent Holdings (00700.HK) repurchased 465,000 shares for a total amount of HKD 204.8 million.

On July 6, Barclays Bank significantly lowered the target price for cybersecurity company CrowdStrike from $675 to $169.

On July 6, Barclays Bank significantly lowered the target price for cybersecurity company CrowdStrike from $675 to $169.

On July 6, according to Bit.com market data, US cryptocurrency concept stocks saw widespread gains before the market opened. Among them: MSTR rose 2.78%; COIN increased by 1.81%; CRCL was up 3.31%; SBET gained 2.64%; BMNR rose 3.90%; and PURR increased by 4.35%.

On July 6, according to Bit.com market data, US cryptocurrency concept stocks saw widespread gains before the market opened. Among them: MSTR rose 2.78%; COIN increased by 1.81%; CRCL was up 3.31%; SBET gained 2.64%; BMNR rose 3.90%; and PURR increased by 4.35%.

On July 6, the regulatory controversy surrounding single-stock leveraged ETFs in South Korea continues to escalate. Ahn Cheol-soo, a lawmaker from the ruling People Power Party and former presidential candidate, publicly urged for strong measures, including delisting, against single-stock leveraged ETFs tracking Samsung Electronics and SK Hynix, stating that the Korea Composite Stock Price Index (KOSPI) has 'already become a casino.' Ahn noted that the funds flowing into the leveraged ETFs for Samsung Electronics and SK Hynix have reached 212 trillion won, with the two companies accounting for about 60% of KOSPI's total market capitalization. The combination of high-weight stocks and leveraged funds has amplified market volatility. This year, the South Korean stock market has triggered the 'circuit breaker mechanism' 31 times (pausing program trading) and activated the halting mechanism 5 times, with the KOSPI panic index once soaring to a historic high of 90.8. South Korea launched its first domestic single-stock 2x leveraged ETFs at the end of May this year, aimed at attracting high-risk trading demand back to the domestic market. However, after the products were launched, severe price deviations occurred due to daily rebalancing mechanisms and liquidity issues. In early June, a leveraged ETF tracking SK Hynix surged about 50% in a single day, while the underlying stock fell nearly 8% during the same period, with the fund's secondary market price at one point trading at a premium of up to 86% over its net asset value, which quickly disappeared the next day, leading to a sharp drop of about 27% in the ETF. As market volatility intensifies, both the Bank of Korea and financial regulatory agencies have recently signaled a more cautious regulatory stance. The Bank of Korea warned that the continued expansion of single-stock leveraged ETFs could further increase market concentration, exacerbate market volatility, and amplify the risk of losses for retail investors. The South Korean National Assembly has now initiated a review of such products, discussing further tightening of regulatory measures and even pushing for the delisting of related products.

On July 6, the regulatory controversy surrounding single-stock leveraged ETFs in South Korea continues to escalate. Ahn Cheol-soo, a lawmaker from the ruling People Power Party and former presidential candidate, publicly urged for strong measures, including delisting, against single-stock leveraged ETFs tracking Samsung Electronics and SK Hynix, stating that the Korea Composite Stock Price Index (KOSPI) has 'already become a casino.' Ahn noted that the funds flowing into the leveraged ETFs for Samsung Electronics and SK Hynix have reached 212 trillion won, with the two companies accounting for about 60% of KOSPI's total market capitalization. The combination of high-weight stocks and leveraged funds has amplified market volatility. This year, the South Korean stock market has triggered the 'circuit breaker mechanism' 31 times (pausing program trading) and activated the halting mechanism 5 times, with the KOSPI panic index once soaring to a historic high of 90.8. South Korea launched its first domestic single-stock 2x leveraged ETFs at the end of May this year, aimed at attracting high-risk trading demand back to the domestic market. However, after the products were launched, severe price deviations occurred due to daily rebalancing mechanisms and liquidity issues. In early June, a leveraged ETF tracking SK Hynix surged about 50% in a single day, while the underlying stock fell nearly 8% during the same period, with the fund's secondary market price at one point trading at a premium of up to 86% over its net asset value, which quickly disappeared the next day, leading to a sharp drop of about 27% in the ETF. As market volatility intensifies, both the Bank of Korea and financial regulatory agencies have recently signaled a more cautious regulatory stance. The Bank of Korea warned that the continued expansion of single-stock leveraged ETFs could further increase market concentration, exacerbate market volatility, and amplify the risk of losses for retail investors. The South Korean National Assembly has now initiated a review of such products, discussing further tightening of regulatory measures and even pushing for the delisting of related products.

On July 6, Morgan Stanley strategists indicated that as investors pull out from the strongest performing tech stocks of the year and shift towards other sectors, US stocks may face resistance in reaching new historical highs. This rotation could weaken the previous market leadership dominated by AI and large-cap tech stocks. The analysis pointed out that most of the positive economic and earnings news has already been priced in by the market, leading to stagnation in index performance, which requires genuinely unexpected positive news to continue rising. The market is increasingly looking for solid evidence that substantial AI capital expenditures can translate into sustained returns, rather than just an expanding expenditure figure. This uncertainty is prompting more funds to shift from large-cap tech stocks to a broader range of equities. Morgan Stanley advises investors to focus more on the realizability and quality of earnings, to take some profits in small-cap stocks, and to increase allocations to beneficiaries of AI applications in certain sectors. Previous research from the firm also showed that despite strong performance in large-cap tech stocks in the third quarter, their stock price increases have significantly lagged, leading to lower valuations, contrasting sharply with industrial and cyclical sectors that have continued to rise due to rate cut expectations, further evidencing a shift in market funding structure.

On July 6, Morgan Stanley strategists indicated that as investors pull out from the strongest performing tech stocks of the year and shift towards other sectors, US stocks may face resistance in reaching new historical highs. This rotation could weaken the previous market leadership dominated by AI and large-cap tech stocks. The analysis pointed out that most of the positive economic and earnings news has already been priced in by the market, leading to stagnation in index performance, which requires genuinely unexpected positive news to continue rising. The market is increasingly looking for solid evidence that substantial AI capital expenditures can translate into sustained returns, rather than just an expanding expenditure figure. This uncertainty is prompting more funds to shift from large-cap tech stocks to a broader range of equities. Morgan Stanley advises investors to focus more on the realizability and quality of earnings, to take some profits in small-cap stocks, and to increase allocations to beneficiaries of AI applications in certain sectors. Previous research from the firm also showed that despite strong performance in large-cap tech stocks in the third quarter, their stock price increases have significantly lagged, leading to lower valuations, contrasting sharply with industrial and cyclical sectors that have continued to rise due to rate cut expectations, further evidencing a shift in market funding structure.

On July 6, the crypto market will focus on the Federal Reserve meeting minutes, U.S. economic data, and several events in the crypto industry, as the macro environment and on-chain dynamics may jointly influence digital asset trends. Macroeconomically, the Federal Reserve will release the minutes from the June FOMC meeting at 12:00 AM Beijing time on July 9, and the market hopes to gauge the future interest rate path from this. Additionally, U.S. ISM Services PMI, consumer inflation expectations, initial jobless claims, and China's June CPI data will be released sequentially. In the industry, SpaceX will officially join the Nasdaq 100 index on July 7, becoming the fourth index component to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows that SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from passive allocation demand from index funds. Furthermore, American Bitcoin (ABTC) will resume trading after completing a 1:15 reverse stock split to avoid being delisted by Nasdaq; Berachain will complete its PoL Next upgrade on July 7. In terms of on-chain governance, ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will conclude several governance proposal votes this week. Regarding token unlocks, Hyperliquid (HYPE) will unlock tokens equivalent to 0.2% of its circulating supply on July 6, valued at approximately $30.39 million; RAIN will unlock about 7.64% of its circulating supply on July 11, valued at around $787 million; and PUMP will unlock about 29.12% of its circulating supply on July 12, valued at approximately $13 million. Besides macro data, developments in the Russia-Ukraine situation and the continued weakening of the yen are also noteworthy. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, where yen depreciation often accompanies a rise in Bitcoin prices.

On July 6, the crypto market will focus on the Federal Reserve meeting minutes, U.S. economic data, and several events in the crypto industry, as the macro environment and on-chain dynamics may jointly influence digital asset trends. Macroeconomically, the Federal Reserve will release the minutes from the June FOMC meeting at 12:00 AM Beijing time on July 9, and the market hopes to gauge the future interest rate path from this. Additionally, U.S. ISM Services PMI, consumer inflation expectations, initial jobless claims, and China's June CPI data will be released sequentially. In the industry, SpaceX will officially join the Nasdaq 100 index on July 7, becoming the fourth index component to hold Bitcoin, following Tesla, Strategy, and Mercado Libre. Data shows that SpaceX currently holds approximately 18,712 BTC, and its inclusion in the index is expected to benefit from passive allocation demand from index funds. Furthermore, American Bitcoin (ABTC) will resume trading after completing a 1:15 reverse stock split to avoid being delisted by Nasdaq; Berachain will complete its PoL Next upgrade on July 7. In terms of on-chain governance, ENS DAO, Frax DAO, Nexus Mutual DAO, and Arbitrum DAO will conclude several governance proposal votes this week. Regarding token unlocks, Hyperliquid (HYPE) will unlock tokens equivalent to 0.2% of its circulating supply on July 6, valued at approximately $30.39 million; RAIN will unlock about 7.64% of its circulating supply on July 11, valued at around $787 million; and PUMP will unlock about 29.12% of its circulating supply on July 12, valued at approximately $13 million. Besides macro data, developments in the Russia-Ukraine situation and the continued weakening of the yen are also noteworthy. Recently, Bitcoin has shown a strong negative correlation with the USD/JPY exchange rate, where yen depreciation often accompanies a rise in Bitcoin prices.