A city employee disclosed sensitive account information during a phone scam in which the caller impersonated a bank representative, resulting in nearly $1.1 million in unauthorized transfers from municipal bank accounts. According to NS3.AI, city officials said law enforcement and financial institutions are working to recover some of the funds. Officials did not provide additional details about the incident or the recovery process.

Ukraine rejected Russian President Vladimir Putin’s claim that Kremlin forces have taken control of Kostiantynivka, a strategic logistics center in the Donetsk region, saying the city remains under Ukrainian command, according to Bloomberg.

According to Lianhe Zaobao citing AFP, Pope Leo XIV visited Italy’s Lampedusa island and urged Europe to take more steps to protect migrants and help them integrate into local communities. The visit came two weeks after the European Union approved new migration rules that expand detention powers and allow return centers to be set up outside the EU. Lianhe Zaobao reported that Leo, the first American pope, traveled to Lampedusa on July 4, when the US marked the 250th anniversary of Independence Day, drawing attention given his past disputes with the Trump administration over immigration. Days before the trip, US Vice President JD Vance publicly criticized the Vatican’s stance on migration as “disturbing,” and while he had invited the pope to the White House during a May visit last year, Leo has not accepted. The report said Trump administration insiders had hoped the pope would attend July 4 celebrations, but the US was not included in Leo’s 2026 travel schedule. After praying for unidentified victims of shipwrecks, the pope visited a cemetery with unnamed graves of migrants who died crossing the Mediterranean, and later spoke with a migrant family at the Porta d’Europa monument. He praised those who help vulnerable groups and condemned mass deportations of migrants in the US. A UNHCR spokesperson said political debate on migration often focuses on borders and deterrence rather than protection and shared responsibility, adding that the pope’s visit sent a clear message.

Farside Investors' BIP-110 alerts recorded a new signaling block on July 3, bringing the current period to seven signals. According to NS3.AI, BGeometrics data showed miner support at 0.42% from May 1 through July 2, which remains well below the 55% threshold required for lock-in. The figures indicate that BIP-110 has not attracted sufficient miner signaling to approach activation under the stated lock-in requirement.

Crypto analyst Darkfost said on X that on-chain indicators suggest Bitcoin’s active holders face a cost-basis resistance level around $76,700, while valuation metrics indicate unrealized losses among active investors. According to PANews, Darkfost used the Time-Market Mean (TMM) and the AVIV ratio to assess the profit-and-loss structure of current in-market Bitcoin positions. Darkfost said TMM excludes long-dormant Bitcoin that has not moved and coins believed to be permanently lost, focusing only on the average holding cost of active market supply. He put the current TMM level at about $76,700 and described it as a clear price resistance area, noting that during the May market move, when price reached this level, many investors exited at breakeven. He added that the AVIV ratio, defined as active value divided by investor value, is hovering around 0.8 and remains in a discounted valuation zone. Darkfost said this implies the average active BTC investor is facing an unrealized loss of about 20%.

Germany’s financial system is set to expand crypto-asset services, with multiple local institutions—including cooperative banks and savings banks—planning to offer cryptocurrency trading to retail customers, Bloomberg reported. According to ChainCatcher, the planned rollouts would allow users to buy and sell virtual assets directly through their banks rather than relying on third-party trading platforms. The report said banks that have long served local households and businesses are gradually embedding crypto trading functions into existing retail banking systems, with services expected to go live over the coming months. The move indicates traditional German banks are accelerating their entry into digital assets within compliance frameworks, a shift that could increase cryptocurrency’s presence in Europe’s mainstream financial system.

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