According to Coinglass data, whale positions on Hyperliquid currently total $4.9 billion. Long positions account for $2.402 billion, representing 49.03% of total open whale exposure, while short positions stand at $2.497 billion, or 50.97%, giving shorts a slight lead by share. In terms of unrealized PnL, whale longs are down $18.8875 million, while whale shorts are down $87.8982 million, indicating that short-side pressure is currently heavier despite the larger aggregate short exposure. One position stands out in particular: whale address 0x082e..88 opened a 5x full-margin long on HYPE at $38.6755 and is now sitting on an unrealized profit of $43.828 million. The data provides a snapshot of how large traders are currently positioned on Hyperliquid and highlights the scale of directional bets concentrated around HYPE.

On-chain analyst Ember reported, via ChainCatcher, that a whale address has been steadily withdrawing ETH from Binance since the 1st and pulled another 100 WBTC around four hours before the report. Over the past three days, the address accumulated 19,752 ETH worth about $31.43 million and 100 WBTC worth about $6.24 million. At the time of tracking, ETH was priced at $1,591 and BTC at $62,390. During the same period, ETH rebounded by roughly $200 and BTC by about $4,000, leaving the whale with an unrealized profit of around $3.3 million on its ETH position. The activity points to a concentrated accumulation strategy executed through exchange withdrawals rather than visible open-market chase buying. All figures cited in the report come from on-chain monitoring referenced by ChainCatcher.

Revolut has begun notifying users, via in-app messages and email from July 1, that it will discontinue USDT support in stages. Under the announced schedule, users can continue buying USDT until July 6, while new USDT deposits will be stopped on July 30. Until August 31, users may still sell their USDT or withdraw it to an external wallet. After that date, any remaining USDT in user accounts will be converted into the user’s selected fiat currency at the prevailing exchange rate. The announcement outlines a full wind-down process covering purchases, deposits, withdrawals, sales, and the treatment of residual balances.

Revolut has begun notifying users, via in-app messages and email starting July 1, that it will phase out support for USDT. Under the announced timeline, users can continue buying USDT until July 6, while new USDT deposits will no longer be accepted after July 30. Until August 31, users will still be able to sell their USDT holdings or withdraw them to external wallets. After that date, any remaining USDT in user accounts will be automatically converted into the user’s designated fiat currency at the prevailing exchange rate. The move covers the full lifecycle of the asset on the platform, including purchases, deposits, sales, and withdrawals, signaling a complete delisting of USDT from Revolut’s supported offerings.

Circle’s CEO responded to competitive pressure from OUSD by arguing that the stablecoin market is fundamentally a winner-takes-all business, and that alliance-based issuance models are unlikely to succeed over time. The key data point cited is that USDC recorded $30 trillion in on-chain transaction volume in Q1 2026, accounting for 80% of all U.S. dollar stablecoin transaction activity. The statement underscores Circle’s view that network effects, liquidity concentration, and settlement scale are decisive in the stablecoin race. It also signals that competition is no longer only about issuance, but about entrenched usage across on-chain payments and transfers.

On July 1, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned 134 cryptocurrency addresses linked to ISIS-K, with cumulative inflows exceeding $1.4 million since 2023. On the same day, Tether froze USDT held in 131 Tron addresses associated with the case. Authorities said ISIS-K’s media arm had used crypto assets to solicit donations. The report also noted that three Monero addresses tied to the case could not be frozen because of Monero’s privacy-preserving design. In a parallel move, OFAC also sanctioned entities connected to the Brazilian criminal organization PCC, alleging that they transferred more than $30 million through cryptocurrency. The action highlights how U.S. enforcement agencies are increasingly integrating crypto into sanctions, counter-terrorist financing, and anti-organized crime frameworks.

Extended, an on-chain derivatives project focused on the Starknet ecosystem, has reportedly raised a total of $19 million. The project stands out through its unified margin system, which is presented as the core product feature behind its rise in the on-chain derivatives segment. Another notable detail is the team’s Revolut background, a factor that may strengthen market confidence in product execution, trading infrastructure, and risk design. Based on the limited disclosed information, the story centers on three key points: Extended’s total funding, its differentiated margin architecture, and its strategic push to become a leading derivatives venue on Starknet. No additional public figures on trading volume, users, or financial performance were provided in the source material.

Extended, an on-chain derivatives platform focused on Starknet, has reportedly raised a total of $19 million. According to the available news brief, the project is trying to differentiate itself through a unified margin mechanism, a product design that directly affects capital efficiency and trading workflow in derivatives markets. Another notable point is the team background, with links to Revolut, which adds weight to market expectations around execution and product development. Based on the limited information disclosed in the short report, the main areas of attention are the financing milestone, the team pedigree, and Extended’s positioning within the Starknet ecosystem as a leading derivatives venue.