Crypto Weekly Market Wrap July 6 – MiCA Deadline, Stablecoin Growth, ETF Filings, and DeFi Security Updates

The crypto market saw another active week in which regulators, central banks, exchanges, and public companies made big plans. Stablecoins continued to be a key focus, while ETF filings, tokenization, security breaches, and institutions also impacted the week. Several governments imposed heightened regulation, while firms expanded their digital asset products in payments, finance, and infrastructure. In the sections below, we will discuss major events that made headlines last week.

Bank of Thailand Advances Baht Stablecoin Plan

On June 27, the Bank of Thailand moved its Thai Baht stablecoin plan forward as officials prepared for public feedback. The central bank is still studying the token’s structure, possible uses, and roles for financial institutions. Governor Vitai Ratanakorn said it would hold a 1:1 baht value.

Strategy Launches Digital Credit Capital Framework

Strategy introduced a Digital Credit Capital Framework to support digital credit securities, liquidity, and long-term Bitcoin exposure. On June 29, the company said dollar reserves reached $2.55 billion. Separately, its board cleared up to $1.25 billion in Bitcoin sales for reserves and payouts.

UK FCA Sets Final Crypto Rulebook

The UK Financial Conduct Authority published its final crypto regulatory framework on June 30. The unified regime covers platforms, custodians, stablecoins, lending, staking, and DeFi entities. Firms can apply for licenses from September 30, 2026, through February 28, 2027. Existing AML registrations will not convert into authorizations.

UK Sets 2027 Deadline For Crypto Firms

The UK's Financial Conduct Authority has published its completed crypto regulatory framework, requiring all crypto firms to obtain FCA authorization by October 25, 2027.

The licensing window opens in September and runs through February 28,… pic.twitter.com/aqaqp0WhqO

— BSCN (@BSCNews) June 30, 2026

Taiwan Passes Wider Crypto Market Law

Taiwan passed the Virtual Asset Service Act after its third legislative reading on June 30. The law brings exchanges, trading platforms, custodians, lenders, and related providers under supervision. The framework moves beyond anti-money laundering checks. It adds rules for operations, reporting, audits, cybersecurity, customer asset protection, and listing standards.

Trump’s Disclosure Highlights Crypto Income Surge

President Donald Trump reported more than $1 billion in crypto-related income, according to his annual financial disclosure. The filing on June 30 showed major income from World Liberty Financial tokens, equity sales, and Celebration Coin royalties. The disclosure renewed political crypto conflict questions.

France Prepares Stronger Crypto Security Plan

France pledged stronger security measures for crypto companies and industry figures. On June 30, Interior Minister Laurent Nuñez said authorities recorded 77 crypto-linked attack cases since early 2026. The cases include kidnapping, confinement, extortion, and attempted attacks. Nuñez said police arrested 200 people after attacks or before planned crimes occurred.

Australia Prepares Strict Crypto Travel Rule

On June 30, Australia’s updated crypto Travel Rule will take effect on July 1. Regulated exchanges must store sender and receiver details for every covered transfer. The rule covers deposits and withdrawals on centralized platforms. As a result, users may provide names, locations, wallet addresses, and ownership details.

From July 1st (tomorrow) crypto in Australia changes forever.

Your CEX is now legally required to log EVERY SINGLE transfer you make no matter how small. AUSTRAC's Travel Rule kicks in with zero minimum threshold, so a $5 movement carries the same reporting weight as a $50k…

— Greeny (@greenytrades) June 29, 2026

K Wave Exits Short Bitcoin Treasury Plan

On June 30, K Wave sold its remaining 88 Bitcoin and ended its treasury strategy. The Nasdaq-listed entertainment company disclosed the sale in a June 30 SEC filing. The company used proceeds to repay $6 million of Initial Notes. After the May 6 sale, K Wave said it held no Bitcoin. K Wave redirected attention toward AI infrastructure. The company now targets data centers, GPU clusters, cloud platforms, power, and cooling systems.

Securitize Lists on the NYSE After a SPAC Merger

On June 30, Securitize officially listed on the New York Stock Exchange under the ticker SECZ. The tokenization platform completed its public move through a SPAC merger. The firm provides tokenization infrastructure for capital markets. Proceeds should support compliance-focused upgrades and broader tokenization operations.

Open Standard Introduces the OUSD Stablecoin Project

On June 30, Open Standard introduced Open USD, or OUSD, for business payments and digital money movement. The stablecoin targets lower costs and shared benefits. The company said businesses can mint and redeem OUSD at no cost and without artificial volume limits. Partners can receive reserve earnings after fees.

Open Standard said more than 140 businesses have signed up for OUSD. Named partners include Visa, Stripe, Mastercard, American Express, BlackRock, and Coinbase. The stablecoin is not live yet. Open Standard plans to launch it later this year, though it has not announced an exact date.

OKX Launches Platform for AI Agent Economy

OKX launched OKX.AI, a decentralized platform designed for AI agents, on July 1. It lets agents assign tasks, accept work, pay, rate results, and arbitrate. The platform supports OpenClaw, Hermes, Claude Code, and Codex. It also uses Onchain OS, while OKX.AI hosts agent service providers.

OKX.AI requires arbitrators to stake at least 100 OKB. When disputes arise, five or more arbitrators review deliverables. Arbitrators matching the majority ruling share 5% of the task commission.  Meanwhile, OKX launched a crypto aid campaign for La Guaira users affected by Venezuela’s recent earthquake. Eligible users can receive 20 USDT directly after OKX verifies their registered address details. The exchange says no claim code, extra registration, or qualifying trade is required for aid.

Estimada comunidad venezolana:

Sabemos que estos días han sido difíciles.

Pero también hemos visto algo extraordinario: la solidaridad de Venezuela y de toda la comunidad internacional, que nos llena de esperanza.

Por eso, en OKX nos unimos a este esfuerzo: a partir de hoy,… pic.twitter.com/sIlKN9WFpQ

— OKX Latam (@OKXLatam) July 2, 2026

Crypto Exploits Fall, But June Losses Stay High

Crypto exploits reached $75.87 million in June, according to PeckShieldAlert. Losses fell 7.13% from May, though major incidents continued. The largest incident hit Humanity Protocol and cost about $31 million. Other losses involved bridges, Secret Network, Polymarket, SecondFi, TESSERA, and Raydium.

Binance Reassures EU Users After MiCA Deadline

Binance told European Union users on July 1 that their assets remained safe after MiCA-related service changes began. Affected users could still access available account options. Service access now depends on each country’s rules. Binance said it will provide country-specific guidance through official channels.

Binance missed the July 1 MiCA licensing deadline and restricted selected European services. It had already warned users about temporary account changes. The company also withdrew its MiCA application in Greece. It now plans to seek authorization through another European Union member state.

Ethereum Institutional Launches for Finance Firms

On July 1, Ethereum Institutional launched as an independent non-profit for major financial firms. It will support tokenization, stablecoins, and on–chain market infrastructure. The group continues outreach previously handled by Ethereum Foundation teams. Backers include BitMine Immersion Technologies, SharpLink, Joe Lubin, and other supporters.

US Treasury Sanctions ISIS-K Crypto Wallets

The U.S. Treasury sanctioned 134 crypto wallets tied to ISIS-K. On July 1, Chainalysis said the list included 131 TRON addresses and three Monero addresses. Tether froze funds in the 131 TRON wallets soon after the designation.

Tether Freezes USDT in All 131 ISIS-K-Linked TRON Wallets

OFAC updated its sanctions list for ISIS-K, adding 134 crypto wallet identifiers, including 131 TRON addresses and three Monero addresses. Chainalysis said the TRON addresses had received more than USD 1.4 million since… pic.twitter.com/53AgCBUGKr

— Wu Blockchain (@WuBlockchain) July 2, 2026

Chainalysis said the sanctioned TRON wallets received more than $1.4 million. They also sent out more than $880,000. The firm found links to mainstream crypto services and Syrian exchangers. However, Monero addresses remain harder to trace because the network hides transactions.

Ondo Launches Tokenized ETF and Stock Products

On July 2, Ondo Finance launched tokenized versions of BlackRock’s IVV ETF and Micron Technology shares. The products use U.S. regulatory and custody infrastructure. Oasis Pro TA, Ondo’s SEC-registered transfer agent subsidiary, mints the 1:1-pegged tokens. Holders receive rights matching those of brokerage holders.

IMF Official Says Tokenization Can Reshape Finance

On July 2, IMF official Tobias Adrian said tokenization could reshape global financial architecture. He argued it offers more than faster payment and settlement processes. He said shared ledgers can integrate trading, clearing, and settlement. Policy design must address money roles, interoperability, law, smart contracts, liquidity, and coordination.

Metaplanet Adds Bitcoin During the Second Quarter

On July 2, Metaplanet added a total of 2,823 Bitcoins in the second quarter. As of June 30, the company’s Bitcoin holdings rose from 40,177 BTC to 43,000 BTC on the Tokyo exchange. The firm acquired the new Bitcoin at roughly ¥12.7 million per BTC. Its total Bitcoin expense amounts to approximately ¥659.3 billion.

Moreover, Metaplanet reported a BTC Yield of 6.6% for the quarter ended June 30. Its Bitcoin Income Generation business generated approximately ¥1.75 billion in revenue in the second quarter. That business’s first-half revenue amounted to approximately ¥4.72 billion.

Binance Enters Philippine Regulatory Sandbox

Binance entered the Philippine market through a regulatory sandbox arrangement. On July 2, Yi He said local approval lets Blockshoals Technologies test products under SEC oversight. Blockshoals will integrate systems with Binance as its global crypto asset service provider partner. Testing and compliance integration will run for 90 days.

Binance officially enters the Philippines.
币安正式进入菲律宾。 pic.twitter.com/TVd1k0qVQN

— Yi He (@heyibinance) July 2, 2026

Hinkal Exploit Drains USDC From Ethereum Contracts

Hinkal Protocol reported unusual USDC activity across Ethereum and suspended affected contracts. On July 3, security researchers tracked withdrawals linked to a suspected $820,000 exploit. Security experts said the attacker used a proofless deposit before several Transact calls. Then, 25,000 USDC withdrawals moved across three Ethereum blocks.

The attacker quickly converted stolen USDC into ETH. Then, about 410 ETH moved into Tornado Cash through several split deposits. The wallet also used THORChain to move 44.6747 ETH from Ethereum into native Bitcoin. This route made tracking harder.

SEC Reviews ETF Approval Process After Filing Boom

On July 3, the SEC said it is reviewing its ETF approval process after a filing surge across several new fund product categories. Brian Daly said the agency receives about 200 ETF applications monthly. He said the review covers crypto, prediction markets, leverage, and alternative strategy ETFs. The agency wants clearer standards and a more orderly process.

Daly said the SEC did a poor job with crypto and wants to rebuild trust. He said issuers need clearer review standards. ETF assets grew from about $4 trillion in 2019 to more than $12 trillion last year. That growth increased regulatory pressure.

Bitwise Updates Proposed NEAR ETF Filing

On July 3, Bitwise amended its proposed spot NEAR ETF filing with the SEC. The update added staking as a second objective for possible investor income. The filing named NYSE Arca as the planned listing exchange. BNY Mellon will serve as cash custodian, administrator, and transfer agent.

🚨SCOOP: Biwtise amends its S-1 for spot NEAR ETF
🔸Bitwise submitted the 2nd amendment after almost a year
🔸Adds Staking as a secondary objective
🔸Names NYSE Arca for listing and trading spot NEAR ETF
🔸The Bank of New York Mellon is selected as cash custodian
🔸Coinbase… pic.twitter.com/bYNRZAN84P

— Rednirav (@CryptoRednirav) July 3, 2026

Gillibrand Seeks Ban on Politician-linked Memecoins

Senator Kirsten Gillibrand called for a ban on elected officials and spouses issuing or sponsoring memecoins. Her proposal followed Trump’s crypto income reports. On July 3, Gillibrand said public officials should not profit from token projects tied to their offices. She framed the issue around consumer protection and public trust.

Sheriffs Group Drops CLARITY Act Opposition

The Major County Sheriffs of America dropped opposition to the Digital Asset Market CLARITY Act. A July 3 letter moved the group to neutrality. The organization said further talks clarified Section 604. However, it still wants local agencies included in DeFi studies, advisory groups, and resource planning.

Vitalik Buterin Outlines Lean Ethereum Roadmap

On July 4, Vitalik Buterin said Ethereum is moving toward a long-term redesign called Lean Ethereum. The plan may reach the network over three to four years. He said major protocol areas could change, including verification, state design, privacy, finality, and quantum safety. Existing apps would not need rewrites.

Saylor Says Bitcoin Growth Needs Stability

Michael Saylor said on July 5 that Bitcoin’s next phase depends on protocol stability and institutional adoption. He described Bitcoin as a monetary network, not a technology stock. Saylor said capital flows may matter more than four-year cycles. ETFs, corporate treasuries, banks, insurers, and sovereign reserves could shape demand.

Michael Saylor: Bitcoin's strength comes from consensus, not control.

The network rejects bad ideas before they become part of the protocol. pic.twitter.com/4smowWTDMR

— The Moon Show (@TheMoonShow) July 5, 2026

Saylor said the halving still matters because it reduces new supply. However, he argued capital flows now matter more than retail-driven cycles. He cited ETFs, corporate treasuries, sovereign reserves, banks, insurance firms, derivatives, collateral markets, and global savings as possible adoption drivers.

Russia Says Banks Are Ready for Digital Ruble

Bank of Russia Governor Elvira Nabiullina said on July 2 that major banks and retailers are ready for the digital ruble rollout. The broader launch starts September 1. She said officials want the digital ruble to become useful and convenient. The central bank is also discussing stablecoins for international settlements.

Digital Asset Investment Products Market Overview

US spot Bitcoin ETFs suffered $527 million in net redemptions last week, extending withdrawals for the eighth consecutive week, according to data from Sosovalve. The run was the longest outflow stretch since launch, while year-to-date exits reached $5.53 billion.

Spot Bitcoin ETFs See $527M Net Outflows Last Week, Extending Outflow Streak to 8 Weeks

From June 29 to July 2 (ET), spot Bitcoin ETFs saw $527 million in net outflows, marking the eighth consecutive week of outflows. Spot Ethereum ETFs recorded $13.67 million in net outflows,… pic.twitter.com/mqujUflCEl

— Wu Blockchain (@WuBlockchain) July 6, 2026

A brief turnaround occurred Thursday when the group attracted $221.72 million in inflows. Fidelity’s FBTC led with $165.96 million, followed by ARK 21Shares’ ARKB with $91.84 million. BlackRock’s IBIT fell $40.43 million on that day, extending its pullback to 11 sessions. Spot Ethereum ETFs also saw $13.67 million leave, while SOL, XRP, and HYPE funds posted weekly inflows.

Bitcoin Price Performance

Bitcoin recorded a positive performance last week, surging by nearly 5% following the broad market rebound. BTC surged from the lows of $58K and rallied to highs of $64K, where it faced a rejection. Currently, the price is hovering around $62,730, with a market capitalization of $1.25 trillion.

Looking at the technical perspective, BTC displays a neutral outlook as the price consolidates around the $62K region. After a brief recovery that occurred at the start of the week, red candlesticks have started to form, indicating signs of market exhaustion.

Meanwhile, indicators such as the Relative Strength Index and Moving Average Convergence Divergence are at neutral levels. The 14-day RSI is hovering around 38 levels, climbing from the oversold region. Moreover, the MACD line and signal line are aligning, together with the histogram, in a neutral state.