News/FameEX Today’s Crypto News Recap | July 2, 2026

FameEX Today’s Crypto News Recap | July 2, 2026

2026-07-02 07:20:24

 

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Robinhood launched its L2 chain, NVIDIA unveiled a new AI infrastructure model, and France bolstered crypto security, while BTC hit $61K amid market volatility. BTC and ETH rebounded in tandem today as the market saw a short-term recovery amid extreme fear. BTC briefly broke above $61K, with a 24-hour gain of about 3.47%. ETH continued to fluctuate near $1,600, while the market watched whether liquidation clusters above and below the current range would further amplify short-term volatility. According to the Fear and Greed Index, current crypto market sentiment stands at 19. It remains in the extreme fear zone, but has recovered from 11 yesterday and 12 last week. This suggests that market sentiment is still defensive, though fear has eased slightly from the previous day. Over the past 24 hours, total market liquidations reached USD 450 million. Long liquidations accounted for USD 171 million, while short liquidations reached USD 280 million. This shows that the latest price rebound had a more visible impact on short positions. For BTC, if the price falls below $57,143, cumulative long liquidation intensity across major CEXs will reach USD 1.365 billion. If BTC breaks above $62,813, cumulative short liquidation intensity will reach USD 572 million. For ETH, if the price falls below $1,536, cumulative long liquidation intensity across major CEXs will reach USD 852 million. If ETH breaks above $1,692, cumulative short liquidation intensity will reach USD 364 million. Overall, although BTC and ETH strengthened together today, the market remains shaped by high-leverage liquidations and macro uncertainty. Short-term volatility and risk repricing continue to define the current trading structure.

 

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Source: Alternative

 

 

Key News Highlights:

Robinhood Launches Public Mainnet And Plans Crypto Trading In The UK

Robinhood announced the official launch of its public mainnet, Robinhood Chain. The network is a Layer 2 blockchain built on the Arbitrum technology stack, with a focus on real-world assets, tokenized stocks, and DeFi applications. Robinhood said the chain entered its testing phase in February and has now moved to mainnet operations. This marks a further expansion of the company’s on-chain financial product strategy. The company also said it plans to launch crypto trading services in the UK, which indicates that Robinhood is accelerating its expansion beyond the US market. Its tokenized stock products are already available through its wallet app to users in more than 120 countries and regions. Robinhood CEO Vlad Tenev has said that tokenized stocks are an inevitable direction for financial markets. He noted that these products could help address certain limitations in traditional markets, including trading hours and trading freezes. In addition to the public mainnet and tokenized stocks, Robinhood also introduced Robinhood Earn. The product allows users to lend the USDG dollar-backed stablecoin through a self-custody wallet. It offers an estimated annual percentage yield of about 7% and forms part of Robinhood’s broader DeFi service expansion. The market also noted that Robinhood’s push into blockchain and crypto products comes as the company continues both business restructuring and international expansion.

 

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BTC Holds Above $60K As Market Watches Rate Expectations And ETF Flows

BTC returned above the $60K level today, with the market viewing the rebound alongside US inflation discussions, shifting rate expectations, and spot ETF fund flows. Although BTC showed short-term strength, investors remain focused on how rising returns in US fixed-income assets may affect crypto assets. The US 5-year Treasury yield rose to 4.22%, which means investors are demanding higher returns to hold government bonds. At the same time, a stronger US Dollar Index has also created pressure on non-yielding assets such as gold and BTC. Related market data shows that the implied probability of a September rate hike in US government bond futures has risen sharply from one month earlier. This points to a reset in market expectations around the interest rate path. Spot BTC ETFs are still seeing fund outflows, which has kept some market participants cautious about the sustainability of the rebound. AI-related stocks have also maintained strong recent performance, attracting part of market capital toward technology equities and fixed-income assets. BTC may have benefited from short-term inflation discussions and improved market sentiment. However, with ETF flows, dollar strength, and rate expectations acting together, the market still views the area around $60,000 as an important zone to watch.

 

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US 5-year Treasury yield (left) vs. Bitcoin/USD. Source: TradingView

 

 

France Records 77 Crypto Wrench Attacks In The First Half Of 2026 As Government Plans Stronger Response

French Interior Minister Laurent Nuñez said France recorded 77 crypto-related kidnapping, extortion, or attempted extortion incidents in the first half of 2026. This figure is higher than the 45 cases recorded throughout all of 2025. It shows a clear increase in physical security incidents targeting crypto asset holders and industry professionals. These attacks are often known as wrench attacks. Criminals use physical violence, threats, or kidnapping to force victims to hand over crypto assets or wallet access. France is currently seen as one of the more concentrated regions for this type of incident. Key reasons include the presence of crypto companies, high-profile industry figures, and ongoing issues related to public displays of wealth and personal data leaks in parts of the community. French authorities have previously established a dedicated prevention platform. They have also created a rapid alert and protection system for crypto holders and professionals. Nuñez said the system now has 724 registered users and has helped police make faster arrests in some cases. The French government plans to introduce a more active three-part response plan. The plan includes stronger intelligence sharing, deeper cooperation with digital asset industry organizations, and improved coordination among security services. This development has again drawn industry attention to personal data protection and physical security risks beyond on-chain asset security.

 

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Nvidia Launches AI Infrastructure Partnership Model With Revenue Sharing For Cloud Service Providers

Nvidia announced a new AI infrastructure partnership model that uses revenue sharing and credit support to help AI cloud service providers build large-scale, multi-tenant AI factories. The core of the model is to let AI cloud providers deploy AI factories based on Nvidia’s DSX AI Factory architecture, then offer cloud computing services to external customers. Nvidia said this model can help startups, model developers, enterprises, and research institutions gain faster access to AI computing power. For Nvidia, the revenue-sharing structure also allows its income stream to become more closely linked to actual computing usage. The first partners include Sharon AI and Firmus. Sharon AI plans to deploy up to 40,000 NVIDIA Grace Blackwell GB300 GPUs to build high-performance AI computing infrastructure. Firmus will build a DSX AI factory campus on Batam Island in Indonesia. It plans to expand the site to 360 megawatts of power capacity and deploy up to 170,000 Nvidia GPUs. As demand for AI computing continues to grow, this partnership model also shows how AI infrastructure is moving from hardware sales toward a combined model of computing services, capital cooperation, and long-term revenue sharing.

 

 

Disclaimer: The information provided in this section is for informational purposes only and doesn't represent any investment advice or FameEX's official view.

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FameEX Today’s Crypto News Recap | July 2, 2026