Gate Whale's market share has increased to 16%, with an inflow of $79.3 million in the past 30 days

Bitmine made its smallest purchase since early May as Lee pointed to investors cutting losses before the start of the second half of the year.

JPMorgan stated that customer research shows that institutions have limited interest in perpetual futures, apart from speculative trading. JPMorgan cited basis risk, lack of term structure and physical delivery, and liquidation concerns as the main obstacles to adopting perpetual futures, and pointed out that offshore perpetual contract trading is dominated by a few large participants and has scalability issues.

[BNY Mellon Expands Partnership with Circle to Include USDC on Custody Platform] According to official sources, BNY Mellon has announced an expanded partnership with Circle, incorporating USDC into its digital asset custody platform. Institutional clients can now utilize BNY for USDC custody, transfers, and perform USD-to-USDC minting and redemption through Circle. Circle's Chief Business Officer Kash Razzaghi stated that this collaboration bridges BNY clients' on-chain assets with traditional assets. Both parties plan to extend these capabilities to more stablecoin issuers and digital cash workflows.

[Hong Kong Licensed Virtual Asset Exchange VDX Declares No Official App for the Public] On June 29, Hong Kong licensed virtual asset exchange VDX issued a statement, stating that it currently serves only institutional clients and has not launched any official app for the public. Any app, installation package, QR code, link, or third-party application claiming to be officially released by VDX and requiring users to download is not officially issued by VDX.

[Hive Digital Technologies Plans to Issue $100 Million Notes and Deploy 10,000 Nvidia GPUs] According to DataCenterDynamics, Hive Digital Technologies plans to issue zero-coupon convertible senior notes maturing in 2031 to raise $100 million. The company has signed a letter of intent with a Swedish sovereign technology enterprise to lease 30MW of computing power resources, deploying 25MW of IT computing capacity and 10,000 Nvidia GB300 GPUs.