News & Research

Strategy (NASDAQ: MSTR) paused its Bitcoin (BTC) acquisitions between June 30 and July 6, as disclosed in a filing with the U.S. Securities and Exchange Commission (SEC). The company continues to hold 597,325 BTC, valued at $65 billion, with an average purchase price of $70,982 per BTC. The pause marks the first break in its Bitcoin buying since April. Strategy’s portfolio has grown to show unrealized gains of $22.6 billion and the firm is using preferred stock sales to fund future acquisitions, The Block reported.

Nasdaq-listed medical technology company Semler Scientific (SMLR) acquired 187 BTC for $20 million, bringing its total holdings to 4,636 BTC and achieving a 29% year-to-date Bitcoin yield, according to Joe Burnett, director of Bitcoin Strategy.

Justin Sun, founder of Tron, announced that the Tron-based meme coin issuance platform SUN.IO has officially launched USD1 trading pairs. The initial pairs available are USDT/USD1, TRX/USD1 and NFT/USD1. Users can now trade USD1 on the Tron network.

Etherscan announced via X the launch of HyperEVM Scan, a new block explorer for HyperEVM.

UK-listed blockchain payments company GSTechnologies raised approximately £1.75 million through a placement and £250,000 via a retail offering, totaling about £2 million (around $2.72 million), to fund its planned Bitcoin acquisitions, according to Bitcoin News on X.

Bitcoin mining company Iris Energy (NASDAQ: IREN) reported record monthly revenue of $68 million and hardware profit of $51 million in June, while incurring $16 million in electricity costs, according to GlobeNewswire press release. The company achieved its 50 EH/s hashrate target with a data center capacity of 810 MW and expanded its AI cloud by adding approximately 2,400 Blackwell GPUs, bringing its total NVIDIA GPUs to 4,300. IREN’s $550 million convertible notes offering was oversubscribed and it completed its transition to U.S. domestic issuer status, advancing initiatives in AI customer and financing efforts.

In a recent update on X, on-chain market intelligence platform Glassnode noted that despite Bitcoin hovering near all-time highs, the options market is experiencing a summer slowdown, with implied volatility across most expirations (1 week to 6 months) reaching all-time lows, marking the lowest levels since mid-2023.

A German government spokesperson stressed the urgency of tariff negotiations, saying time is money, according to Walter Bloomberg on X. An EU spokesperson noted that talks with the U.S. have made good progress toward an agreement in principle, with the goal of reaching a deal before July 9.

Binance Alpha, a platform within Binance Wallet that showcases early-stage crypto projects, added PAL, according to an X post by New Listings Feed. The platform selects tokens based on community engagement and emerging market trends. Alpha facilitates on-chain trading by integrating it directly into the Binance Wallet and Exchange.

Digital asset investment products saw $1.03 billion in inflows last week, bringing assets under management (AuM) to a record $188 billion, according to the latest Digital Asset Fund Flows Weekly Report released by CoinShares in a blog post. The U.S. led with $1 billion in inflows, while Canada and Brazil saw outflows. Ethereum (ETH) continued to outperform Bitcoin (BTC), averaging 1.6% in weekly inflows over 12 weeks, compared to Bitcoin’s 0.8%.