Here’s a quick recap of the crypto landscape for Monday (July 6) as of 10:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news
Bitcoin price update
Bitcoin (BTC) was priced at US$62,716.60, down by 1.8 percent over the past 24 hours.
Chart via Investing News Network
Bitcoin price performance, July 6, 2026.
Ether (ETH) was priced at US$1,760.86, trading 1.3 percent lower over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.14, trading 1.6 percent lower over the past 24 hours.
- Solana (SOL) was trading at US$80.11, trading 0.8 percent lower over the past 24 hours.
Today’s crypto news to know
Analysis reveals US$3.8 Billion in cumulative losses for Trump memecoin investors
A new blockchain analysis by cryptocurrency analytics firm Nansen has revealed that nearly one million investors have lost a combined $3.8 billion buying President Donald Trump’s $TRUMP memecoin.
As reported by the New York Times, the data indicates that 988,905 individual wallets are currently suffering from severe financial losses. This cohort represents roughly two out of every three buyers who participated in the token’s ecosystem since its highly publicized launch.
The $TRUMP token recently cratered to a low of US$1.69, marking a 98 percent plunge from its historical peak price of US$75.35.
Despite the widespread financial devastation felt by his followers, recent federal financial disclosures show that President Trump personally extracted US$636 million from the venture. This payout accounted for nearly half of the US$1.4 billion the president generated from the broader crypto industry over the past year.
Meanwhile, a secondary Trump-linked crypto startup called World Liberty Financial has also faced heavy scrutiny, with 85 percent of tracked wallets recording an aggregate loss of US$83 million on its $WLFI token.
Strategy offloads more Bitcoin than previous estimates
Strategy (NASDAQ:MSTR) has officially adjusted its public Bitcoin treasury dashboard, confirming the sale of 3,588 BTC over the past week in a move that far exceeded initial market rumors.
On-chain analysts had previously identified a minor 491 BTC transfer linked to the company, causing widespread speculation that vastly underestimated the true scale of the liquidation.
Executive Chairman Michael Saylor clarified the transactions, revealing that the enterprise software giant raised approximately US$216 million to satisfy dividend obligations on its Digital Credit securities.
he massive liquidation was executed in two distinct tranches, starting with a reduction of 1,363 BTC on June 30, followed by a larger sale of 2,225 BTC on July 6.
This adjustment is the company’s largest operational Bitcoin divestment since its strategic tax-loss harvesting transaction back in 2022.
Despite offloading millions in digital assets, the firm firmly maintains its long-term buy-and-hold thesis by keeping 843,775 BTC in its primary reserves alongside US$2.55 billion in cash.
Ripple secures full MiCA compliance in Europe
San Francisco-based digital asset infrastructure provider Ripple has successfully secured a Crypto Asset Service Provider (CASP) authorization from Luxembourg’s financial regulator.
The regulatory nod from the Commission de Surveillance du Secteur Financier (CSSF) officially marks Ripple’s transition into full compliance with the European Union’s landmark Markets in Crypto-Assets (MiCA) framework.
With this passportable license in hand, Ripple is now legally cleared to scale its end-to-end regulated crypto payment services across all 30 countries within the European Economic Area (EEA).
Ripple grows its global portfolio of over 75 regulatory licenses, building on top of its pre-existing Electronic Money Institution license in the EU.
Data from the European Securities and Markets Authority indicates that only 280 firms have successfully clinched CASP authorization out of more than 3,000 companies previously operating under localized frameworks.
Conversely, Binance has failed to secure the necessary MiCA clearance, entering the post-transition era completely empty-handed after withdrawing its Greek license application.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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