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Gate News Recap: Crypto Markets, Regulatory Updates, and On-Chain Movements on July 2

GateNews
TAIKO-74.97%
ESPORTS5.33%
BTC1.71%
ETH4.32%
On July 2, according to multiple sources, key developments across crypto and financial markets include: (1) GSR's head of content reported that Trump's 2025 filing-period income exceeded most listed crypto companies; (2) Taiko announced its network has fully recovered with all user funds restored; (3) France recorded 77 crypto-related kidnapping and extortion cases in the first half of 2026, a sharp rise from 45 cases in all of 2025; (4) ESPORTS attributed its May 25 collapse to irregular operations by a cooperative market maker; (5) Hong Kong's Securities and Futures Commission reported managed assets reached a record 42.2 trillion Hong Kong dollars, up 20% year-over-year; (6) South Korea's KOSPI index fell 7% intraday, with SK Hynix declining over 12%; (7) Glassnode data showed Bitcoin long-term holders resumed accumulation; (8) Crypto figure Machi Big Brother sold 3 BAYC NFTs and liquidated 25 ETH to fund additional ETH long positions; (9) K Wave Media sold its remaining 88 Bitcoin to repay 6 million dollars in debt, fully exiting its Bitcoin holdings; (10) Metaplanet increased its Bitcoin holdings by 2,823 coins, bringing its total position to 43,000 Bitcoin.
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