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📊 Crypto Loses $24B as Bitcoin Slips Below $64,000

The crypto market shed nearly $24 billion in total market value as Bitcoin fell below the $64,000 mark, erasing a portion of recent recovery gains.

The selloff coincided with a broader rout in semiconductor stocks, which dampened risk appetite across markets. Volatile crypto assets bore the brunt of the decline as investors pulled back from higher-risk positions amid the equity weakness.

The episode highlights the continued sensitivity of crypto markets to macro and tech-sector sentiment, with Bitcoin's ability to hold key price levels remaining a focal point for broader market direction.

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🟣 Solana raises block compute limit by 66% on mainnet

Solana is increasing its mainnet block compute limit from 60 million to 100 million compute units — a 66% jump in raw processing capacity — set to activate at the start of Epoch 1009 within 24 hours.

The upgrade expands how much computation the network can process per block, directly increasing throughput capacity for transactions, smart contracts, and DeFi activity running on the chain.

The change positions Solana to handle greater on-chain demand without architectural changes to the underlying protocol.

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🔐 Fake Bitcoin wallet app on App Store costs users $1.8M

Three Apple users have filed a federal lawsuit against Apple after a fraudulent version of Sparrow Wallet appeared on the App Store and drained $1.835 million in Bitcoin from their accounts.

The case was filed in the US District Court for the Northern District of California. The plaintiffs allege Apple failed to prevent the malicious app from reaching users, directly challenging the company's claim that its App Store provides a safer software environment than competing platforms.

The incident adds to a growing list of crypto-related scams facilitated through fake wallet apps on major app stores, raising scrutiny over how effectively platforms vet listed applications.

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🔐 5,287 ETH Drained in Suspected Triple-A Wallet Breach

On-chain data shows 5,287 ETH flowing into a single address in what is being described as a breach of a Triple-A wallet.

Source-wallet ownership and the access path remain unconfirmed. The movement was identified through public Ethereum blockchain flows, though the full scope of the incident has not been independently verified.

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🔷 Bitmine Holds 5.79M ETH, Nearly 5% of Total Supply

Bitmine Immersion Technologies (BMNR) has grown its Ethereum holdings to 5.79 million ETH after adding 9,946 tokens, representing approximately 4.8% of the total ETH supply.

The company reported $11.8 billion in combined crypto, cash, marketable securities, and other investments. Of its ETH stack, 4.92 million tokens are staked, valued at $9.6 billion. Bitmine also repurchased 6.1 million shares under its $4 billion buyback program.

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🟠 Firm sells $87M in Bitcoin to pivot toward AI data centers

A company has liquidated a significant portion of its Bitcoin treasury, selling $87 million worth of BTC as it redirects capital into AI data center infrastructure.

As of July 10, the firm still held 1,514 BTC alongside $45 million in outstanding debt, with proceeds being allocated across two separate infrastructure investments.

The move marks a notable shift in corporate treasury strategy, as a company that previously accumulated Bitcoin as a reserve asset pivots toward AI-focused physical infrastructure.

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🐸 Shiba Inu Burns 401M Tokens in a Single Day

Shiba Inu's daily burn rate spiked 5,223% as 401 million SHIB tokens were sent to a dead wallet address in a 24-hour period, permanently removing them from circulation.

The burn coincided with a $700 million surge in SHIB's market capitalization. Token burns reduce circulating supply by sending tokens to an unrecoverable address, a mechanism the SHIB community uses to create deflationary pressure over time.

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