Babylon's native Bitcoin-backed lending functionality is now live on the Aave v4 public testnet.
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USDT will return to the Bitcoin network; UTEXO will natively issue a Bitcoin version of USDT via the RGB protocol.
According to Mars Finance, on July 7th, Tether is preparing to natively issue USDT on the Bitcoin network based on the RGB v0.11.1 protocol, with UTEXO responsible for commercial issuance and distribution. This will mark USDT's return to the Bitcoin mainnet after many years, since its initial appearance on the Bitcoin network in 2014 via the Omni protocol. UTEXO co-founder Viktor Ihnatiuk stated that the company has received support from Tether, which is responsible for promoting the native Bitcoin USDT rollout. The RGB protocol employs client-side validation combined with the Lightning Network, enabling instant, low-cost, and privacy-focused USDT transactions while inheriting the Bitcoin UTXO security model. Users will be able to hold USDT directly through their native Bitcoin addresses and send and receive payments using Lightning Network wallets that support RGB, without relying on other public chains or intermediary service providers. Compared to the current account-based networks like TRON and Ethereum, where USDT is primarily circulated, RGB naturally supports one-time addresses using the UTXO model and combines this with off-chain payments via the Lightning Network, effectively enhancing transaction privacy. Meanwhile, UTEXO is deeply integrated with Tether, reducing intermediary fees and data collection. Users can also convert USDT between different public chains at low cost through its online cross-chain bridge.
A well-known trader stated that Strategy's OTC selling of cryptocurrencies has limited impact on spot prices, and Bitcoin could potentially reach as high as $65,600.
According to Mars Finance, on July 7th, renowned trader Killa (@KillaXBT) stated that if Bitcoin holds above last week's closing price (approximately $59,000), it could potentially reach $65,600. Furthermore, regarding the "historic sell-off of 3,588 BTC by Strategy," Killa clarified that Strategy did not sell through the open market but rather through institutional trading to avoid significantly impacting Bitcoin's price. This partly explains Bitcoin's initial drop followed by a rise last night. Killa, a quantitative trader specializing in BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on the X platform. In mid-April, he short Bitcoin at $74,688 and then went long during the market downturn on June 5th.
ABTC, a Bitcoin mining company backed by the Trump family, increased its holdings by 500 BTC.
Odaily Odaily reports that American Bitcoin (ABTC), a Bitcoin mining company backed by the Trump family, has increased its holdings by 500 BTC, bringing its total Bitcoin holdings to 8,000. (BTCtreasuries)
Remixpoint announced progress on its crypto business, reporting cumulative earnings of 108.3 million yen from Bitcoin lending since the Lunar New Year.
According to Foresight News , Japanese Bitcoin lending company Remixpoint released an announcement regarding the progress of its cryptocurrency business. The announcement stated that from February 24th to June 30th, 2026, the company lent out approximately 1498 BTC, generating lending revenue of 108.35 million yen. An additional 80 BTC were lent out starting May 18th. Furthermore, from July 16th, 2025 to June 30th, 2026, the company received approximately 27.85 million yen in rewards through ETH and SOL staking (all received in yen). Remixpoint stated that it will continue to promote its Bitcoin lending and Altcoin staking businesses.
NEAR Protocol's dynamic sharding feature is now live on the testnet, automatically splitting shards without manual intervention.
According to Foresight News , NEAR Protocol tweeted that its Dynamic Resharding feature was launched on the testnet last week in the 2.13 update. Testnet shards can now automatically split when a state size threshold is reached, completing the scaling without manual intervention or coordinated upgrades. This update also includes upgrading the signature scheme to a post-quantum-secure version.
Bloomberg: Trump's strategic Bitcoin reserve plan faces legal and jurisdictional obstacles.
According to Odaily, the strategic Bitcoin reserve program promoted by US President Trump is facing legal and jurisdictional issues, with the core controversy being whether the US Treasury Department has the legal right to manage the reserve. Early in his presidency, Trump proposed establishing a strategic Bitcoin reserve, primarily funded by the U.S. government's criminal or civil seizures of existing Bitcoin holdings, and a separate digital asset inventory. Related executive orders also required the Treasury and Commerce Departments to develop a "budget-neutral" Bitcoin acquisition strategy, meaning it should not increase taxpayer costs. However, sources say the debate surrounding the reserve has now shifted to whether it should be placed under the Commerce Department, rather than the Treasury Department. Another point of contention is whether the U.S. government can hold BTC "indefinitely," given its price volatility. White House spokeswoman Liz Huston said the Trump administration is still evaluating the optimal structure for its strategic Bitcoin reserve and U.S. digital asset inventory to deliver on its vision of making the U.S. a global hub for cryptocurrency and cutting-edge technology. (The Block)