About 84% of Binance's altcoins are below the 200 day moving average

Serenity announced on X platform that Sivers Semiconductors has completed a financing of 700 million Swedish kronor, which has been oversubscribed several times. The funds will be used to expand the production capacity of InP lasers and optical amplifiers, and promote the ramp up of light asset wafer fab mode production capacity. Serenity analysis shows that the financing price is 57 Swedish kronor per share, and the current stock price is about 63 Swedish kronor. The financing will help form price support, reduce Sivers Semiconductors' balance sheet risk, and provide financial support for its transition to large-scale production.

Musk stated that short-term market volatility is normal and believes that the productivity improvement of AI and robotics technology will drive the macro trend to continue upward. （Cointelegraph）

[Glenmede Analysts: U.S. June Unemployment Rate Expected to Hold at 4.3%, Nonfarm Payrolls to Increase by 87,000] According to Jintou News, Glenmede's Chief Investment Strategist Jason Pride and Vice President of Investment Strategy Michael Reynolds stated that the U.S. unemployment rate in June is expected to remain at 4.3%, with nonfarm payrolls increasing by approximately 87,000. Although this marks a decline from May's 172,000, it is still considered strong given the current labor market conditions. The Federal Reserve's focus has shifted to inflation, and the timing of future easing policies will depend on inflationary pressures rather than employment growth. AI Interpretation: The forecast data reveals a significant slowdown in labor market growth momentum, directly challenging the assumption of continued economic overheating. The contraction in nonfarm payroll growth indicates a cooling in corporate hiring intentions, providing the Federal Reserve with a new observation window for adjusting monetary policy. Although the unemployment rate remains stable, the weakness in employment growth undermines confidence in economic expansion. The market will reassess the Federal Reserve's balancing strategy between employment and inflation and revise expectations for the interest rate trajectory accordingly.

The People's Procuratorate of Jing'an District, Shanghai, has filed a public prosecution for a cross-border virtual currency illegal exchange case involving an amount exceeding 200 million yuan. The main offenders, including Li, were sentenced to imprisonment ranging from six years to two years and six months, and fined from 1.5 million yuan to 300000 yuan. Four others were relatively not prosecuted. Z Company uses virtual currency to transfer assets across borders for domestic customers without obtaining a foreign exchange business license through the development of a virtual banking APP packaging, and charges a 3% exchange service fee.

On July 1st, Ark Invest, a subsidiary of Cathie Wood, bought 52455 shares of Circle ($3.28 million), 133803 shares of Bullish ($3.13 million), 16081 shares of Coinbase ($2.35 million), and 16028 shares of Robinhood ($1.6 million) as Circle's stock price fell by 17.6%.