The digital asset market started July 6 with moderate optimism. Bitcoin (BTC) is showing an upward trend, trading near the $63,253 mark, confirming the continuation of bullish sentiment after a recent correction. Over the past 24 hours, the first cryptocurrency's high was $63,935, and its low was $62,413. Ethereum (ETH) is currently moving sideways, holding at the $1,780 level.
Among the top 10 by market capitalization, Hyperliquid shows the best performance over the past 24 hours and week (+3.90% and +15.39%, respectively). All coins in the top ten are in the green zone. In the broader top 100 list, Lighter is the 24-hour growth leader (+21.66%), while MemeCore leads for the week (+116.77%). The largest decline over the day was recorded for 安定人生 (-4.86%), and over the week for Jito (-11.46%).
Trump Memecoin: Billion-Dollar Losses for Retail Investors
The situation surrounding the Official Trump (TRUMP) memecoin deserves close attention. Analytics from Nansen show that by the end of June, approximately 988,905 wallets (roughly two out of three holders) were at a loss. The total losses for these investors reached $3.8 billion. Meanwhile, less than half a million wallets recorded profits totaling $4 billion — indicating that the main benefit was reaped only by a small group of early buyers. The token itself, launched a few days before Trump's inauguration in January 2025, has crashed over 97% from its all-time high above $73 and is currently trading around $1.70. A similar picture is seen with the World Liberty Financial token: 85% of tracked wallets are in the red. Notably, according to financial disclosure data, Donald Trump himself earned over $630 million from the memecoin and about $800 million from the WLFI platform.
European Regulators Raise Alarm Over AI
The topic of artificial intelligence continues to cause concern among financial authorities. Bank of England Deputy Governor Sarah Breeden noted that agentic AI could amplify volatility during periods of market stress. She raised the question of the need to implement "safeguards" analogous to exchange circuit breakers, which could halt trading when a crash threat triggered by AI models arises. European Central Bank President Christine Lagarde called AI technology a "serious risk," especially in the field of cybersecurity, emphasizing that threats emerge extremely quickly while adequate protective measures have not yet been found. Earlier, similar concerns were voiced by the head of the UK financial regulator, Nikhil Rathi, and the Bank for International Settlements.
South Africa Clarifies Tax Rules for Cryptocurrencies
The South African Revenue Service (SARS) has published a draft interpretation note on the taxation of crypto assets. The document is based on the Income Tax Act of 1962 and the rules for capital gains tax. According to the draft, most cryptocurrency transactions — trading, exchanging, spending — are considered a disposal of an asset and may be subject to tax. A key factor is the person's intention: it determines whether they will be classified as a trader or a long-term investor. Cryptocurrency is viewed not as currency but as an intangible asset. If the rules are adopted, they will affect millions of users — as of 2024 data, at least 5.8 million residents of the country owned crypto. The draft is open for public comment until August 31 and aims to provide clarity rather than introduce new obligations.
Analyst's opinion: The current market situation resembles a consolidation period before a significant move. The losses of Trump memecoin holders are yet another warning about the risks of trading tokens with high concentration. Regulatory activity in South Africa and European authorities' concerns about AI indicate that 2026 will be a turning point in terms of forming a global regulatory framework for digital assets.