Bitcoin Base (BTC)

According to Caixin, Lu Jun, former deputy president of the Shanghai branch of the China Development Bank, former vice president of CDIB Finance, and later head of the National Integrated Circuit Industry Investment Fund, is accused of accepting bribes exceeding 700 million yuan. In the second supplementary indictment by the Baishan City Procuratorate, it was disclosed that he and longtime colleague Du Yang received equity payment for Zhongqing Xinxin, Bitcoin and other "benefits" totaling 12.18 million yuan. Reportedly, the Bitcoin involved was obtained from mining collaborations by Du Yang. Lu Jun’s defense lawyer stated that Lu Jun was not aware of the Bitcoin mining. The case was recessed by the presiding judge on November 28, 2025. As of now, more than half a year has passed since the trial was scheduled, and the case has not yet been adjudicated.
https://t.co/ac4XAYu487

Market Snapshot

$BTC: $64.2K
$ETH: $1.79K
Crypto Market Cap: $2.287T

💠 Public companies accumulated 110,000 BTC in Q2 2026, 1.8x more than the previous two quarters, according to Bitcoin Treasuries.

💠 ETF Flows (July 9):
BTC: -$95.3M
ETH: -$52.08M
SOL: -$605.11K

💠 Robinhood Chain has overtaken Hyperliquid in 24-hour DEX volume:
• Robinhood Chain: $433.19M
• Hyperliquid: $296.23M

💠 Cathie Wood's Ark Invest added 217,896 Circle ($CRCL) shares worth $13.7M, while trimming 85,319 Robinhood ($HOOD) shares valued at $9.8M.

💠 The U.S. and Iran will continue technical negotiations despite recent military strikes, with Washington still pursuing a diplomatic resolution.

💠 Tom Lee's Bitmine purchased another 20,500 ETH, worth approximately $35.9M, through Galaxy Digital.

💠 DeFi tokens outperformed Bitcoin in June, falling just 4% compared to Bitcoin's 22% decline, suggesting growing institutional confidence in protocols like Aave and Morphо, according to Bitwise.

💠 Hackers attempted to compromise Injective's npm package in an effort to steal wallet credentials, targeting the $INJ ecosystem.

💠 Metaplanet, Metaplanet Securities, JPYC, and Progmat have launched a joint initiative to develop Bitcoin-backed digital credit instruments with 24/7 trading and daily interest accrual.

💠 Bitcoin has reached its most oversold level relative to gold on record—a signal that previously preceded a 660% rally.

💠 CryptoQuant believes Bitcoin's latest bounce resembles a bear market recovery, with its Bull Score Index still firmly in bearish territory.

💠 Solana's negative sentiment has reached its highest level of 2026 while trading volume sits at yearly lows a combination that has historically preceded strong rebounds.

Mixed Signals Emerge, No Confirmation Yet

“While continuous whale accumulation provides a buffer against further downside, a definitive, broad-based market bottom has yet to be confirmed.” – By Sunny Mom

Full analysis ⤵️
https://t.co/zAeBO57jKq https://t.co/H4xPNwRmdm