Odaily reports that the Buenos Aires Provincial Attorney General's Office in Argentina coordinated with multiple local judicial departments and police in a large-scale joint operation codenamed "Fake Coins" targeting cryptocurrency investment scams. Police conducted 90 simultaneous raids nationwide, arresting 24 suspects. The operation successfully intercepted and seized a total of 8 million USDT, worth over $8 million, and confiscated nearly 6 million pesos in cash, along with a large number of electronic devices. Investigations revealed that the criminal group lured victims into investing through social media and fake apps, resulting in losses of nearly 3 billion pesos. The San Siro judicial department seized the majority of the cryptocurrency assets during an investigation of a Chinese criminal group. This group developed malware to steal user information and launder money; some of the funds were converted into USDT through Binance P2P trading. (infobae)

According to Santiment, a crypto sentiment platform, the ratio of positive to negative comments on Ethereum has shifted from strong FOMO (Fear of Missing Out) sentiment in late April to a clear FUD (Fear of Uncertainty) sentiment. Related events include Harvard University liquidating its entire $87 million Ethereum ETF holding after one quarter, Ethereum Foundation researchers announcing their resignations, and David Hoffman publicly stating his withdrawal from the Ethereum project. The Santiment team interprets this trend as a mildly bullish signal, similar to the significant surge that followed the market sentiment trough in mid-2023. Despite the panic, the number of non-empty Ethereum wallets remains at 192.92 million, more than three times the approximately 59 million Bitcoin wallets. While DeFi and staking activity surged at the beginning of the year and then normalized, new wallet creation continues at a healthy growth rate. Fundamental data such as holders and activity levels do not support the claim that "the Ethereum network is dying." Furthermore, the Bitcoin long/short ratio is as high as 2.23, the highest level since 2026. Previously, the two times the long/short ratio peaked, short-term price corrections occurred, and the extremely low short percentage indicates a local bottom. The current optimistic sentiment contrasts with the short-selling flows in ETFs, warranting caution.

According to Odaily Planet Daily, OKX market data shows that HYPE broke through 70 USDT and hit a new high, with a 24-hour increase of 7%.

According to Huoxun Finance, there is a clear divergence of opinion within the industry regarding the current trend of the cryptocurrency market. Economist Timothy Peterson stated that Bitcoin may experience a slow rise during the summer, with a peak expected by the end of July, followed by a relatively flat performance.

According to Huoxun Finance, analyst Ali tweeted that a TD Sequential buy signal has appeared on the 12-hour chart for Bitcoin, which could potentially rebound to $75,000.