Tesla's US Stock Plunges Over 7% in After-Hours Trading, Trump Suggests Government Efficiency Department Should Investigate Musk and His Company's Subsidies

Tesla (TSLA.O) stock dropped over 7% in after-hours trading. Trump tweeted, suggesting that maybe the Office of Inspector General should take a look at the subsidies received by Musk and his company.

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Binance now accounts for 87% of global taker futures volume, solidifying its dominance in the market, while OKX, Deribit, BitMEX, and Bybit combined make up just 10%.

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Deutsche Bank plans to launch a digital asset custody service in 2026, partnering with Bitpanda Technology Solutions and continuing its collaboration with Taurus SA.

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DDC Enterprise has closed $528m in financing to support its corporate Bitcoin treasury strategy, making it one of the largest BTC-focused raises by a NYSE-listed firm.

Backed by Anson Funds and others, the company plans to use the funds to aggressively accumulate Bitcoin and position itself among the world’s top corporate holders.

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🗞 July 1, 2025 cryptocurrency news highlights

【Cryptocurrency】
DDC Enterprise has closed $528m in financing to support its corporate Bitcoin treasury strategy, making it one of the largest BTC-focused raises by a NYSE-listed firm.

【Economy】
Deutsche Bank plans to launch a digital asset custody service in 2026, partnering with Bitpanda Technology Solutions and continuing its collaboration with Taurus SA.

【Indicators】
Binance now accounts for 87% of global taker futures volume, solidifying its dominance in the market, while OKX, Deribit, BitMEX, and Bybit combined make up just 10%.

【More】
Tesla's US Stock Plunges Over 7% in After-Hours Trading, Trump Suggests Government Efficiency Department Should Investigate Musk and His Company's Subsidies

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Trump family’s Bitcoin-mining company raises $220 million😲

The Trump family's crypto venture, American Bitcoin—backed by Eric Trump and Donald Trump Jr.—has raised $220 million to expand its Bitcoin holdings and mining operations. About $10 million of the funds were immediately used to buy Bitcoin. The company, a subsidiary of publicly traded miner Hut 8, plans to invest in more mining equipment as well. The identities of the investors in the private stock sale were not disclosed.

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Bitcoin Market Solidifies Bullish Setup for July ☺️

Despite increased selling pressure this week, Bitcoin’s supply is being steadily bought up—suggesting that demand remains strong enough to absorb sales. Analysts believe this trend clears the way for a potential bullish momentum in July, as weakening exchange reserves and continued buying interest may push BTC toward new highs

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🇪🇺Europe's banking giant UniCredit will offer professional clients a BlackRock Bitcoin ETF-linked structured product with 100% capital protection at maturity

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Elon Musk Appreciates Trump's Contribution to Resolving World Conflicts: Praise Where Praise Is Due

Musk retweeted Trump's post about brokering the Israel-Hamas ceasefire and praised Trump for successfully resolving several serious conflicts around the world, saying, "Credit where credit is due."

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Binance Alpha and Binance Futures will list the Impossible Cloud Network (ICNT)

According to official sources, Binance Alpha will list and open trading for Impossible Cloud Network (ICNT) on July 3, 2025, at 18:00 (UTC+8). Additionally, the futures platform will launch the ICNTUSDT perpetual contract on July 3, 2025, at 21:00 (UTC+8), with up to 50x leverage.

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The European Central Bank (ECB) has approved two initiatives to explore the use of central bank money for settling transactions on distributed ledger technology (DLT) platforms.

A short-term project, “Pontes,” will connect DLT platforms with the Eurosystem’s TARGET services by Q3 2026, while a longer-term plan, “Appia,” aims to support global DLT operations and further research.

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Bit Digital has raised a total of $162.9m through a public share offering to build an Ethereum treasury, marking its strategic exit from Bitcoin mining.

The company already holds 24,434 ETH ($59.8m) and plans to convert an additional 417.6 BTC ($44.9m) into ETH soon.

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🗞 July 2, 2025 cryptocurrency news highlights

【Cryptocurrency】
Trump family’s Bitcoin-mining company raises $220 million😲

【Economy】
The European Central Bank (ECB) has approved two initiatives to explore the use of central bank money for settling transactions on distributed ledger technology (DLT) platforms.

【Indicators】
Bit Digital has raised a total of $162.9m through a public share offering to build an Ethereum treasury, marking its strategic exit from Bitcoin mining.

【More】
Elon Musk Appreciates Trump's Contribution to Resolving World Conflicts: Praise Where Praise Is Due

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Bitcoin has broken through $109,000, currently priced at $109,394.💰

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Bitcoin and Stocks Rise After Trump’s Vietnam Deal📈🔼

U.S. President Donald Trump made the announcement on Wednesday morning via his social media platform, Truth Social.

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Ripple Applies for Federal Bank Trust Charter, XRP Jumps 3%🪙📈

The application follows stablecoin issuer Circle's similar effort to expand crypto services and move into federal regulatory oversight.

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SEC Backs Tokenization, Pushes for Clearer Crypto Rules 📁

The SEC is endorsing tokenization of real-world assets to boost market efficiency and transparency. It’s also introducing clearer rules for crypto ETFs, custody, and token issuances—signaling a shift from enforcement toward structured regulation that supports innovation while protecting investors.

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The SEC pauses Grayscale's Digital Large Cap Fund conversion into an ETF covering $ BTC, $ ETH, $ XRP, $ SOL and $ ADA, placing it under further review ⏸

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the Crypto Market Structure Full Committee Hearing will be held, with participation from Ripple's CEO and others👀

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