After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 11:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Humanity. As of 11:50 today, its market cap is 148.17M, with a coin price of 0.081191 USD, witnessing a 24-hour increase of 86.1%.
The second is Cobak. As of 11:50 today, its coin price is 0.75480 USD, with a 24-hour increase of 62.5%.
The third is Scallop-Sui. As of 11:50 today, its coin price is 0.14120 USD, showing a 24-hour increase of 61%.
In fourth place is MXC. As of 11:50 today, its coin price is 0.0022360 USD, with a 24-hour rise of 44.5%.
In fifth place is LOBO•THE•WOLF•PUP. As of 11:50 today, its coin price is 0.00021470 USD, increasing by 43.9% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
According to sosovalue, out of 16 sectors, 12 are up and 4 are down.
Today, there are no sector with a price change exceeding 2%.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to SoSoValue data, Bitcoin spot ETF saw a total net outflow of 342.25M USD yesterday (Eastern Time, July 1th).

The Bitcoin Spot ETF with the highest net outflow yesterday was Fidelity's ETF FBTC, with a daily net outflow of 172.73M USD, and the total historical net inflow of FBTC currently stands at 11.79B USD.

The second highest was Grayscale's ETF GBTC, with a daily net outflow of 119.51M USD, and the total historical net outflow of GBTC currently stands at 23.37B USD.

As of the time of publication, the total net asset value of Bitcoin Spot ETFs is 131.30B USD, with an ETF net asset ratio (market capitalization relative to the total Bitcoin market cap) of 6.23%. The historical cumulative net inflow has reached 48.63B USD.

Next news:According to Onchain Lens monitoring, a whale deposited 1,595 BTC to Binance, worth approximately $168.55 million. [Foresight News]
Next news:According to OnchainLens monitoring, an address withdrew 8,033 AAVE from a CEX after about 7 months of inactivity, worth approximately $2.09 million at the current price. [Foresight News]
Next news:On July 2nd, according to Cointelegraph, Standard Chartered is optimistic about Bitcoin's performance for the remainder of the year, predicting that Bitcoin will reach a new high of $135,000.00 by the end of the third quarter and break $200,000.00 by the end of the year. Geoff Kendrick, head of digital asset research at Standard Chartered, said that Bitcoin has broken away from the 18-month price decline pattern following previous halving cycles due to strong inflows into exchange-traded funds (ETFs) and increased corporate treasury purchases. Kendrick noted that these two drivers did not exist in previous halving cycles and are expected to support continued Bitcoin price increases. Nevertheless, Standard Chartered does not rule out the possibility of price fluctuations at the end of the third quarter to the beginning of the fourth quarter. [深潮 TechFlow]
Next news:On July 2nd, Bit Digital (Nasdaq: BTBT) announced today that the underwriters of its recent public offering have fully exercised their over-allotment option, purchasing an additional 11.25 million ordinary shares, bringing approximately $21.40 million in additional net proceeds to the company. The public offering totaled 86.25 million ordinary shares, with total net proceeds of $162.90 million. The company stated that it will use the proceeds to purchase Ethereum. As a digital asset platform focused on Ethereum native treasury and staking strategies, Bit Digital currently operates one of the world's largest institutional Ethereum staking infrastructures. [深潮 TechFlow]
Next news:On July 2, Cointelegraph reported that the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced sanctions on Russian "bulletproof hosting" service provider Aeza Group on Tuesday, while freezing approximately $350,000.00 in assets in a Cryptocurrency wallet associated with it. The company is accused of providing specialized servers and computer infrastructure for ransomware and information stealers. The sanctions also target several Russian and British companies, as well as four Russian executives. Blockchain analysis firm Chainalysis said that the sanctioned Tron blockchain address is Aeza's management wallet, responsible for processing payments and transferring funds to various Cryptocurrency exchanges. This move represents an important step by the U.S. government in combating cybercrime infrastructure. [深潮 TechFlow]
Next news:Figma, a San Francisco-based cloud collaboration design software company, has filed for an IPO with the SEC. As of March 31, 2025, the company held approximately $69.53 million in Bitcoin spot ETFs. According to the disclosure, the board of directors approved a $30.000 million Bitcoin investment plan on May 8, 2025, and subsequently purchased an equivalent value of USDC stablecoins on a 1:1 basis, with plans to reinvest the stablecoins in Bitcoin in the future. [吴说]
Next news:The Ethereum ecosystem is getting additional support from a newly launched organization called the Ethereum Community Foundation, according to an announcement from Zak Cole on X. The foundation’s mandate is to support the institutional adoption of Ethereum infrastructure and, ultimately, drive up the price of ETH.

Cole told The Block in a direct message that the organization has so far raised millions of dollars worth of ETH, which will be distributed to projects building credibly neutral tech. "We already have a treasury that consists of eth contributed by individual supporters," he said.

"All supported integrations must contribute to ETH burn. This aligns institutional throughput with ETH holder value. By prioritizing mechanisms that reduce ETH supply, we ensure that adoption strengthens the monetary integrity of the network," the project wrote on its website.

Every project the ECF backs must also be "immutable and tokenless."

In particular, the foundation is looking to back real-world asset applications that bring stocks, bonds, real estate, and other assets onchain. It will also look at projects contributing to “public goods,” including fixing mispriced blob space.

"Coin voting will dictate grant distribution," Cole said, noting that "all funding decisions and discussions [are] 100% transparent."

“Every grant is public. Every project commits to ETH alignment. Every dollar moves the number,” Cole said in an address at the Ethereum Community Conference in Cannes, France.

According to Cole’s presentation, the ECF’s first initiative will be the so-called “Ethereum Validator Association,” which aims to give network validators “a say in development” using staked ETH to signal their preferences. The EVA will also fund validator infrastructure.

It is unclear who currently supports the effort. Cole noted that additional information will come out in the coming weeks.

The Ethereum Community Foundation is being launched amid a period of reorganization for the Ethereum ecosystem, including a dramatic executive shakeup at the Ethereum Foundation and the formation of Etherealize, an institutional marketing and product firm led by Vivek Raman and former EF developer Danny Ryan.

After losing market share to competitors like Solana, Ethereum’s spiritual leaders are attempting to transform the network’s public image as well as redirect attention toward the Ethereum mainnet, rather than its ecosystem of Layer 2s. As part of its mandate, the Ethereum Community Foundation will also interact with governments, regulators, and policymakers.

"We hoped the EF would course correct, they didn't," Cole said. "So we’re stepping up. We fund projects that burn ETH. We enforce immutability. We reject token games. We align incentives. We show up where Ethereum [Foundation] is missing. This isn’t a fork in the code, it’s a fork in priorities."
Next news:On July 2nd, according to on-chain analyst Spot On Chain (@spotonchain), a large whale address "0xFa5" just deposited $15.66 million USDC into Hyperliquid to short Ethereum with 10x leverage. Previously, this address lost $3.56 million today on its Ethereum long position.
The current Ethereum trading situation for this address is as follows: a position size of 28,679 Ethereum (approximately $70.10 million), an entry price of $2,443.92, a liquidation price of $2,930.62, and an unrealized loss of $17,900.00. [Shenchao TechFlow]
Next news:On July 2nd, according to on-chain analyst Onchain Lens (@OnchainLens), a whale deposited 2,450 ETH worth $6.000 million to Kraken after 3 years of inactivity, making a profit of $2.800 million. [深潮 TechFlow]

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.