Bitcoin’s realized profit and loss (P&L) ratio has dropped to a 43-month low of -0.35, a level that CryptoQuant said reflects extreme market-wide loss conditions and has historically aligned with Bitcoin market bottoms. According to Cointelegraph, the realized P&L ratio measures the net percentage of Bitcoin in profit or loss relative to total supply, and it has not fallen this low since December 2022, shortly after FTX collapsed and pushed Bitcoin below $16,000. CryptoQuant said on Thursday that the indicator has “marked BTC bottoms with extreme precision,” adding that in 2015 and 2019 the ratio also fell below -0.35 before subsequent price rallies. The data arrives as market sentiment has repeatedly weakened during Bitcoin’s latest 50% drawdown from $126,080, set in October, though sentiment has risen cautiously over the last 10 days. Bitcoin is up more than 7% since falling to a near two-year low of $58,190 on June 25. Analysts attributed that decline to Strategy, the largest corporate Bitcoin holder, after its top perpetual preferred stock offering, Stretch (STRC), fell from its $100 par value to below $75, fueling concerns about the sustainability of its dividend model. On Thursday, Bitwise chief investment officer Matt Hougan said the STRC move helped squeeze out excess leverage and likely brought the market closer to a bottom, adding that he expects a new bull market in the fall. Swan Bitcoin analyst Adam Livingston said Bitcoin is trading only 16% above the realized price, described as the network’s aggregate on-chain cost basis, a level he said has historically coincided with strong forward returns of 41% at six months and 81% at 12 months. Livingston said buying at current levels “feels awful,” arguing that this discomfort is part of why Bitcoin is trading at a discount. He also cautioned against waiting for a definitive bottom, saying it does not announce itself, and recommended buying now rather than paying higher prices near a market top.

Aave said deposits in Aave V4 have approached $250 million, and that deposit and borrowing caps for multiple assets have been raised for a seventh time. According to Foresight News, the update was shared by Aave in a post on X. Aave did not specify which assets were affected or provide additional details in the statement.

Gestala, described as China’s first ultrasound brain-computer interface (BCI) startup, said it has raised RMB 420 million ($58.6 million) in an angel+ funding round, bringing total funding since inception to RMB 570 million, according to Jiemian News. The company was founded on January 1, 2026. On July 3, Gestala also opened its Shanghai headquarters in Minhang District’s “Brain Intelligence World” park. The company said its Chengdu global headquarters and first ultrasound BCI “super factory” began operations on June 26, forming a dual-headquarters setup with R&D and manufacturing in Chengdu and AI/algorithms in Shanghai. Founder and CEO Peng Lei said the company’s non-invasive approach uses ultrasound to modulate neurons through the skull and reads signals by capturing microvascular blood-flow changes triggered by neural activity. Peng said Gestala plans to unveil its first-generation product for chronic pain by the end of 2026 and release initial clinical trial data, research papers and AI model updates at the same time. He added the first product is a hospital-use, helmet-like device, with each non-invasive treatment lasting about 30 to 45 minutes and potentially reducing pain scores by around 50% for one to two weeks.

U.S. President Donald Trump said the U.S. economy was “taking off strongly,” citing gains in major stock indexes and other indicators. According to Jin10, Trump said the stock market had just posted its best quarterly performance since his previous presidential term, with the S&P 500, Nasdaq, and Dow Jones indexes all rising sharply. He added that Americans’ 401(k) retirement account assets had continued to increase. Trump said his tax-cut policy for working families had left U.S. households with more money. He also said the U.S. trade deficit had continued to narrow and that exports had hit record highs for several consecutive months. Trump said the United States was building, producing, and selling at an unprecedented pace. He added that trillions of dollars in new investment attracted under his administration would mean more factories, more jobs, and more development opportunities for the American people. Trump described these developments as a victory and said America’s “golden age” had begun and was only just starting.

Spotify demanded that Kalshi and Polymarket remove its brand identity after streaming manipulation incidents affected prediction market settlements. According to NS3.AI, the roundup also reported that Korean companies questioned the OUSD alliance member list. It also said CME Group’s crypto contract average daily volume in June rose 76% year-over-year.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse 8 AM," issue 3109, providing you with the latest and fastest news on the digital currency and blockchain industry.

Guangyin Technology, a developer of silicon-based photonic integrated chips, has completed a RMB 100 million (about $14 million) Pre-A financing round, with investors including Photonics Strong-Chain Fund, Shanda Investment, Yangtze Optical Fibre and Cable Fund, Luoyang Yingcai, CAS Star, and Xi'an Caijin, according to 36Kr. The company said the proceeds will be used to build a new laboratory in Shanghai, recruit talent, and advance mass production. Founded in 2021 in Xuzhou, Guangyin Technology designs silicon photonics chips and miniature spectral-sensing modules for applications such as wearable health monitoring, aesthetic skin testing, and industrial and food inspection. The company said its spectral chip covers wavelengths of 600-2500 nm, with resolution up to 0.01 nm, and targets a mass-production cost below $20 per unit. Vice president Xu Kangning said key customers include L'Oreal, Huawei, and Xiaomi, and the firm plans to expand into silicon photonics optical switching starting this year.

Amid the rapid evolution of AI programming tools, an internal adjustment is underway among major Chinese internet companies, focusing on the security of overseas tools and the need for domestic alternatives.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

Robinhood, a well-known retail exchange, has launched its own Ethereum Layer 2 extension, Robinhood Chain.

Circle, a stablecoin, has been brought to the forefront of the Russell Index. Golden Finance reports that Circle has not completely "exited" the Russell Index.

On June 30, 2026, a very interesting piece of news emerged from the US stablecoin market.

Recently, the crypto market has been chilled again, with Bitcoin briefly falling below the $60,000 mark and mainstream crypto assets generally weakening.

The KOSPI index has surged by approximately 95% year-to-date, nearly doubling. While the South Korean stock market is soaring, another group of listed companies are gradually being squeezed out of the stock market.

Atkins stated that the SEC's role is not to control capital markets or design market outcomes, but rather to create an environment that fosters their development. Critics, however, worry that deregulation will compromise investor protection and transparency.

Bitget has launched US stock options trading for eligible users, expanding its Stock+ platform beyond crypto and tokenised assets. The new offering starts with long call and long put options as demand for US options trading continues to grow.