Digital Chamber has entered a New York "lost property" lawsuit over 39,069 inactive Bitcoin addresses, urging the court not to treat dormant self-custody wallets as abandoned assets. In an amicus brief filed Monday—the second third-party brief in the case—the group warned that recognizing ownership claims based solely on inactivity would place a "pervasive cloud on title across selfcustody wallets." The suit was filed in late May by Noah Doe and two Wyoming-based companies. How any plaintiff could take control of the wallets without the private keys remains unclear. Sani, founder of Timechain Index, said the listed addresses collectively hold an estimated 3.7 million BTC, valued at roughly $234 billion, and include wallets linked to Satoshi Nakamoto. Galaxy Digital’s head of research, Alex Thorn, said at least 31 of the addresses moved 17,527 BTC in June. Why it matters: If courts accept a theory that inactive self-custody wallets can be claimed as lost property, it could inject broad uncertainty into digital asset ownership and custody practices. Market sentiment: Cautiously bearish, legal-driven. The focus is on legal uncertainty rather than near-term forced selling. Context: In March 2025, Ripple said the SEC would withdraw its appeal in the XRP case, sending XRP up about 10% (Axios). That dispute centered on securities law; the New York case hinges on whether dormant Bitcoin wallets can be treated as lost or abandoned property. Potential ripple effects: A ruling that allows the ownership theory to proceed could prompt custodians and self-custody users to reassess title risk across inactive wallets. A dismissal could reduce the legal overhang around dormant addresses. Opportunities and risks: - Opportunities: A court decision dismissing the case could be read as a reduced legal overhang for Bitcoin self-custody exposure. - Risks: If more listed dormant wallets move while the litigation continues, cutting event-driven leverage may help limit downside tied to legal and ownership uncertainty.

According to ME News, on July 7 (UTC+8) the United Nations Development Programme (UNDP) signed a new agreement with the Stellar Development Foundation to move their cooperation on blockchain-based digital payments into a new phase. The partnership will shift from a track record of successful pilot projects to building a permanent capability that UNDP country offices can adopt as a standard implementation tool. The agreement is coordinated by UNDP's Alternative Finance Lab (AltFinLab) at the Regional Hub in Istanbul. The focus will move away from testing technology in limited settings toward establishing the institutional foundations needed for large-scale deployment. Under the arrangement, the Stellar Development Foundation will provide technical advisory support and coordination, including expertise on the network and its protocols, and will work with solution providers participating in UNDP projects. UNDP will remain responsible for delivery and implementation. (Source: Foresight News)

Coinbase has secured UK authorization to provide investment services under MiFID, positioning the exchange to expand its product lineup for UK users beyond crypto into derivatives and equities.

Polymarket and its CEO, Shayne Coplan, have been sued over how the platform settled a prediction market on whether Strategy sold Bitcoin (BTC) before May 31, 2026. Plaintiffs contend the contract should have paid out "Yes," pointing to a Strategy filing with the U.S. Securities and Exchange Commission that disclosed the sale of 32 BTC during the relevant period. Court filings say Polymarket initially resolved the market as "No" and later issued a clarification.

Coinbase has secured a UK MiFID license, clearing a regulatory path to expand its product suite for UK customers. The exchange said the approval supports plans to offer derivatives and equities alongside its core crypto services in the UK market.

Large caps are doing the heavy lifting. Ethereum is up 11.7% over the past week, Solana has gained 10%, and Bitcoin is ahead 6.4%. Meme coins have not kept pace: Dogecoin is up just 4.17%. That split captures the current tape—risk appetite has returned at the top of the market, but it has not fully flowed down into memes. Depending on your read, that's either a caution sign or an opening. Set expectations first: there is no single "best" meme coin. These tokens differ widely in liquidity, holder behavior, and risk. The rankings below reflect what the numbers show as of July 7, 2026—not what social media is amplifying. Each name comes with a bull case and a risk case. The one number to remember MemeCore's 7-day gain sits at 90.62%. On the same screen, its 24-hour move is -10.04%. A token that can climb 90% in a week and drop double digits in a day is the meme market in miniature: upside can be real, reversals can be faster, and vertical candles tend to transfer money from late buyers to early entrants. Keep that in mind. 1) Dogecoin (DOGE): liquidity leader, late to the move Price: $0.07537. Market cap: $11.68 billion. 24h volume: $812.2 million. Chart: CoinGecko. Bull case: DOGE is the only meme coin with depth that resembles a mid-cap equity. With $812 million in daily volume, size can rotate in and out without excessive impact, which is why meme cycles historically pass through DOGE. It's also lagging: up 4.17% on the week while majors posted double-digit gains. In past cycles, majors often run first and meme majors follow. Risk: DOGE was down on the day (-1.53%) even as most of the top 10 traded green, a sign demand may be thin. It also has no hard supply cap, which means it needs ongoing incremental demand simply to maintain levels. 2) Shiba Inu (SHIB): big community, thin attention Price: $0.00004360. Market cap: $2.56 billion. 24h volume: $73.9 million. Chart: CoinGecko. Bull case: SHIB retains one of the largest meme holder bases and has sustained a roughly $2.5 billion valuation through multiple drawdowns since 2021. It's up 2.92% on the week without a clear catalyst, suggesting holders are not rushing for exits. Historically, SHIB can stay compressed for extended periods, then reprice quickly. Risk: turnover is low. $73.9 million in daily volume against a $2.56 billion cap is under 3%, the weakest liquidity-to-size ratio among the larger names here. Low turnover often means the market isn't focused on the asset—and neglect can last longer than a thesis. 3) Pepe (PEPE): where the rotation is showing up Price: $0.000002709. Market cap: $1.12 billion. 24h volume: $207.28 million. Chart: CoinGecko. Bull case: PEPE is the strongest large-cap meme of the week, up 15.67%, and the volume confirms it. With $207 million trading daily on a $1.12 billion market cap, roughly 18.5% of the cap changes hands each day—nearly seven times SHIB's ratio. This is what a real rotation looks like. Risk: leaders often correct first. A 15% weekly move in a meme coin can be followed by a sharp giveback. PEPE also lacks an ecosystem narrative; it is primarily an attention trade, and attention is one of crypto's most unstable drivers. 4) Bonk (BONK): Solana's flagship meme, volatility still high Price: $0.00004402. Market cap: $387.36 million. 24h volume: $130.32 million. Chart: CoinGecko. Bull case: BONK remains the marquee meme within the Solana ecosystem, and SOL is up 10% on the week. When SOL rallies, capital has often rotated into Solana-native memes with a lag. BONK's turnover is substantial, with about a third of its market cap trading daily. Risk: BONK fell 7.66% over the last 24 hours despite a broadly green market, one of the worst daily prints in this group. That suggests meaningful selling pressure. Until that flow fades, price action can remain unstable. 5) SPX6900 (SPX): steady climb, very light liquidity Price: $0.3840. Market cap: $357.57 million. 24h volume: $8.13 million. Chart: CoinGecko. Bull case: SPX is up 9.46% on the week while trading only $8.13 million per day, often a sign of a tight holder base with limited sell pressure. When volume finally shows up, assets with this setup can re-rate quickly. Risk: illiquidity cuts both ways. $8 million in daily turnover on a $357 million cap implies a narrow exit. If sentiment flips, slippage can be far worse than the chart suggests. 6) Floki (FLOKI): consistent presence, competing for mindshare Price: $0.00002340. Market cap: $223.89 million. 24h volume: $19.15 million. Chart: CoinGecko. Bull case: FLOKI posted a measured 4.81% weekly gain and continues to benefit from one of the sector's most persistent marketing operations. Durability across cycles is uncommon in meme coins. Risk: at $223 million, it competes for attention against much larger tokens, and this week attention concentrated elsewhere. Honorable mentions$—and one warning Pudgy Penguins (PENGU): $418 million market cap, up 7.48% on the week. The NFT-brand crossover has quietly outperformed DOGE. OFFICIAL TRUMP (TRUMP): $396 million market cap, -0.02% on the week. The token remains headline-driven; treat exposure as event risk rather than an investment thesis. MemeCore (M): up 90.62% over seven days, down 10.04% in 24 hours. It's the clearest reminder of what this market is: pure speculation. Chasing vertical charts is a common way meme-coin losses get made. That's not a forecast$—it's basic math. Levels to watch DOGE: $0.070 needs to hold as support; above $0.080, the catch-up trade starts to look credible. SHIB: a weekly close above $0.00004800 would be an early signal that the long compression is breaking. PEPE: holding $0.0000025 keeps the leadership narrative intact. BONK: the selloff needs to stabilize above $0.000040 or the Solana spillover thesis may be delayed. Bottom line This week's data shows meme coins lagging the majors, with PEPE the notable exception backed by strong turnover. DOGE offers the clearest catch-up potential if rotation arrives, while SHIB is the cheapest "attention" on the list by volume-to-cap ratio. None of this is certain. Meme coins are reflexive assets: they rise because they rise, and they fall the same way. Size positions accordingly. This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.

Tether Treasury has burned 2,500,000,000 USDT, representing $2,497,700,000 in value.

A federal judge has reinstated a New York common-law fraud claim against Barry Silbert and Digital Currency Group (DCG) tied to litigation over Genesis' now-defunct Yield product, giving plaintiffs a renewed avenue in the post-bankruptcy legal fight. U.S. District Judge Stefan Underhill (District of Connecticut) amended a February order after plaintiffs argued that the Class Action Fairness Act (CAFA) provides federal jurisdiction for certain state-law claims. The change allows the New York fraud count to proceed. The revision also trims the case's state-law footprint. Consumer protection claims under Illinois, Kansas, Nevada and Texas law were dismissed. Claims under California, Florida and New York were stayed. The court left intact its February ruling permitting federal securities claims to move forward. Genesis Yield allowed customers to deposit crypto in exchange for interest. Investors allege Silbert, DCG and other defendants misrepresented Genesis' financial condition and risk controls as the lending business came under mounting stress, before Genesis froze withdrawals and filed for bankruptcy in early 2023. The reinstated New York claim does not address the merits of the allegations; it simply keeps that portion of the lawsuit alive. The decision adds to a widening set of proceedings involving DCG and Silbert. In 2025, Genesis sued DCG, Silbert and insiders seeking to claw back more than $1 billion in alleged improper transfers. Genesis entered bankruptcy after the collapses of Three Arrows Capital and FTX intensified pressure across crypto lending. A bankruptcy judge approved a 2024 plan enabling Genesis to distribute billions of dollars in cash and crypto to creditors and rejected a challenge from DCG. Genesis also agreed to a $2 billion settlement with the New York Attorney General to establish a victims' fund for creditors. In a separate matter, DCG and former Genesis CEO Soichiro "Michael" Moro agreed to pay $38.5 million to settle U.S. Securities and Exchange Commission allegations that investors were misled about Genesis' finances, without admitting or denying the SEC's findings. DCG has previously described the civil fraud claims as "baseless" and said it will defend itself. The revised order keeps the New York fraud claim and the federal securities counts in play, while other state consumer claims are either paused or thrown out. The ruling raises legal pressure on DCG and Silbert, but it does not determine whether misconduct occurred.

President Trump's plan to launch a Strategic Bitcoin Reserve (SBR) is running into a Washington problem: deciding which federal entity will legally hold and manage the Bitcoin. Bloomberg reports senior officials are still negotiating whether the Treasury Department, the Commerce Department, or another office should serve as custodian for government-controlled BTC. The dispute comes as the U.S. already holds a sizable trove of seized and forfeited Bitcoin. BitcoinTreasuries estimates federal holdings at 328,372 BTC worth about $20.7 billion as of July 7, making the United States the largest known government holder. Converting that balance into a formal reserve would set a high-profile precedent for how Washington treats digital assets. At issue is legal authority and custody mechanics, not market strategy. Officials are weighing whether existing statutes give Treasury clear power to treat a volatile crypto asset as a federal reserve asset, how forfeited coins should be stored, and what governance rules should apply to a reserve built from seized BTC. Trump's March 2025 executive order directed the Treasury secretary to establish an office to manage the SBR. It specified that the reserve would consist of Bitcoin forfeited through criminal and civil proceedings, including assets already in federal custody, and stated that BTC placed in the reserve should be held as reserve assets rather than sold. The order also called for a Treasury review of legal and investment issues, including where accounts should be housed and whether new legislation is required. Even though Treasury is named in the order, Commerce has been discussed as an alternative home. The Justice Department's Office of Legal Counsel is working with both agencies to design a structure that can withstand legal scrutiny, underscoring that control of the reserve remains unsettled. On Capitol Hill, lawmakers have floated bills to formalize the concept. The American Reserve Modernization Act would create a Treasury-run Bitcoin reserve, impose a 20-year holding period, require audits and proof-of-reserve reporting, and direct reviews of budget-neutral ways to acquire Bitcoin. No federal legislation has been enacted, leaving the executive branch to resolve custody and authority questions internally. A White House spokesperson told CoinDesk the administration "continues to evaluate the best structure" for the Strategic Bitcoin Reserve and a broader U.S. Digital Asset Stockpile. White House crypto adviser Patrick Witt told crypto.news in May that officials had made legal and custody "breakthroughs" and that an announcement was expected. The latest reporting indicates the framework is still under active review. The U.S. already has a de facto Bitcoin reserve on paper. Turning it into a durable program now hinges on settling who can legally control seized BTC, how it will be stored, and how oversight and governance will work—not on buying additional Bitcoin.