According to BlockBeats, on July 4th, Malaysian police raided and shut down an illegal cryptocurrency mining operation located in a warehouse in the Pulau Indah Free Zone of Port Klang. Two foreign men, aged 20 and 31, were detained during the raid, and mining equipment was seized. Under Malaysian law, this action violates the Penal Code and the Electricity Supply Act. If both men are convicted, they could face up to ten years imprisonment and a fine of RM100,000 (approximately US$24,500).

According to BlockBeats, on July 4th, the Jupiter Litterbox Trust, a strategic reserve trust fund, increased its holdings by 186,546 JUP tokens, worth approximately $45,000. This brings its total purchases this month to 1,226,119 JUP tokens, worth approximately $300,000. To date, its total purchases amount to 145,028,229 JUP tokens, worth approximately $34.8 million.

The Jupiter Strategic Reserve Trust is Jupiter's official on-chain treasury fund, which automatically transfers 50% of Jupiter's protocol revenue to it. Through smart contracts, it continuously buys and holds JUP tokens on the open market for the long term, and is often jokingly referred to by the community as the "cat litter box trust".

According to BlockBeats, on July 4th, Bitdeer, a US-listed Bitcoin mining company, disclosed that as of July 3rd, 2026, its own BTC holdings remained at 0, excluding customer deposits. This week, Bitdeer produced 223.1 BTC and sold 223.1 BTC, resulting in a net increase of 0 BTC.

Bitdeer has disclosed that it holds 0 BTC since February 20, 2026, and this has continued for 19 weeks.

According to BlockBeats, on July 4th, crypto analyst Murphy pointed out that the average cost of current short-term Bitcoin holdings (held for less than one month and less than three months) is concentrated in the $64,000 to $68,000 range. The price needs to repeatedly attempt to break through this range before the cost trend line gradually converges. However, each attempt to break through triggers some weaker holders to cash out when unrealized losses turn into profits. This cycle of "breakout—resistance—pullback—breakout again" is a necessary process for forming a bottom consensus.

Analysts have divided the expected rebound into three levels: $64,000 and $68,000 correspond to the aforementioned cost basis logic, while $70,000 represents the short-term holders' realized price (STH-RP), which is often considered the ceiling for a bear market rebound. In the on-chain data analysis framework, STH-RP is the sentiment bull-bear dividing line, and every trend reversal begins with the last breakout above this line.

The analyst personally leans towards a "weak rebound," expecting it to reach the $64,000 to $68,000 range. A surprise break above $70,000 would be defined as a strong rebound, at which point partial profit-taking on existing positions would be considered to allow for future adjustments. Options market data also shows that market makers are in a positive Gamma state around $62,000; hedging activity near this level will suppress volatility. After a breakout, the next positive Gamma level falls precisely between $66,000 and $68,000, also forming a resistance zone.