Institutional adoption and regulatory developments continued to shape the crypto market as tokenization, digital banking, and AI infrastructure attracted fresh investment. Meanwhile, legal proceedings, cybersecurity incidents, and upcoming macroeconomic events remained key factors influencing market sentiment and capital allocation.Institutional adoption and regulatory developments continued to shape the crypto market as tokenization, digital banking, and AI infrastructure attracted fresh investment. Meanwhile, legal proceedings, cybersecurity incidents, and upcoming macroeconomic events remained key factors influencing market sentiment and capital allocation.

MEXC On-chain Daily Report:BonkDAO Under Attack, Around $20 Million in BONK Stolen

2026/07/07 08:54
5 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Updated: July 7 2026, 09:30 (UTC+8) | Author: MEXC

1.Headlines

  • BonkDAO Suffers Malicious Governance Attack, Nearly $20 Million in BONK Stolen

  • USDC Monthly Transaction Volume Reaches Record High, Surpassing USDT

  • Sberbank to Launch Crypto Wallet Services

  • CertiK: Web3 Losses Exceeded $1.3 Billion in the First Half of 2026

  • Cantor Sees Recovery Potential in MSTR-Bitcoin Correlation

2.Industry Updates

U.S. Judge Revives Fraud Claims Against Barry Silbert and DCG

According to The Block, a U.S. federal court in Connecticut has reinstated investors' common-law fraud claims against Barry Silbert, Digital Currency Group (DCG), and other defendants, while allowing federal securities law claims to proceed. The lawsuit centers on Genesis' Yield lending business, with investors alleging that the defendants concealed financial risks and misled customers before Genesis halted withdrawals and filed for bankruptcy. The ruling brings renewed legal scrutiny to DCG and its founder.

Hong Kong SFC Considers Removing the 10% Virtual Asset Management Exemption

According to Sing Tao Daily, Hong Kong's Securities and Futures Commission (SFC) is discussing several regulatory changes with industry representatives, including removing the current 10% minimum allocation exemption for virtual asset asset-management businesses. The regulator is also considering implementing the new rules immediately without a transition period. Additional proposals include optimizing licensing examinations, reducing examination fees, and clarifying the boundary between technology services and regulated activities to improve regulatory transparency and efficiency.

Tokenized Sovereign Debt Platform M1X Raises $5.5 Million Seed Round Led by Paradigm

According to The Block, M1X Global has completed a $5.5 million seed financing round led by Paradigm. The company previously assisted the Republic of the Marshall Islands in issuing the on-chain sovereign debt product USDM1, backed by U.S. Treasuries and deployed across Stellar, Canton, and Solana. M1X plans to further expand sovereign debt tokenization into additional regulated financial markets.

Securitize Plans $400 Million Acquisition Strategy Following NYSE Listing

According to CoinDesk, Securitize intends to deploy approximately $400 million in cash reserves after its New York Stock Exchange listing to pursue acquisitions focused on complementary tokenization businesses rather than direct competitors. The company has issued approximately $4.4 billion in tokenized assets and serves institutional clients including BlackRock, KKR, Apollo, and VanEck, while continuing to strengthen institutional-grade tokenization infrastructure.

Klarna Applies for U.S. Banking License

According to CNBC, Swedish payments company Klarna has applied to establish "Klarna Bank USA," allowing it to expand lending, deposit, and other financial services through its own banking entity. Klarna previously launched the KlarnaUSD stablecoin and partnered with Stripe-owned wallet infrastructure provider Privy to develop crypto wallet services for mainstream users, further expanding its digital finance ecosystem.

Figure Plans $600 Million Fundraising to Acquire AI Mortgage Platform Kiavi

According to GlobeNewswire, blockchain financial services company Figure Technology Solutions plans to issue $600 million in senior secured notes. The proceeds will primarily fund the acquisition of AI-powered real estate lending platform Kiavi while supporting general corporate purposes. The acquisition further strengthens Figure's strategy of integrating blockchain infrastructure with AI-driven financial services.

Data Center Operator Csquare Plans NYSE IPO Raising up to $1.35 Billion

According to Bloomberg, data center operator Csquare plans to list on the New York Stock Exchange under the ticker "CSQR," targeting up to $1.35 billion in fundraising. Based on the upper pricing range, the company's valuation could reach approximately $4.18 billion. The offering comes amid sustained investor demand for AI infrastructure and data center assets.

SK Hynix Officially Launches U.S. IPO Roadshow

According to Jin10, SK Hynix has officially begun marketing its American Depositary Receipt (ADR) offering in the United States. Based on current valuations, the offering could raise approximately $28 billion, making it one of the largest IPOs in history. As a leading manufacturer of HBM memory chips, the company aims to expand its financing capacity to meet rapidly growing AI infrastructure demand.

3.MEXC Market Heatmap

Data Source: Real-time MEXC market data as of 09:30 (UTC+8). Figures are subject to change with market fluctuations.

Top 24H Gainers

Top 24H Trading Volume

  • BTC/USDT (380.556M)

  • ETH/USDT (180.707M)

  • USDC/USDT (66.632M)

Trending Meme Tokens

New Listing Announcement

  • TOFU/USDT — Listing Time: July 7, 2026, 17:00 (UTC+8)

4.On-Chain Calendar

High-Risk Token Unlocks

  • Pump/USDT — July 12, 15:41 (UTC+8): 140.11M tokens to be unlocked, representing 25.6% of the circulating supply, indicating extremely high short-term selling pressure.

Key Macro Events

  • July 7, 00:00 (UTC+8): ECB President Christine Lagarde Speech — May provide policy signals affecting global capital flows.

  • July 7, 02:30 (UTC+8): ECB Chief Economist Philip Lane Speech — May influence ECB policy expectations and relative U.S. dollar strength.

  • July 7, 20:15 (UTC+8): U.S. ADP Employment Change — A key indicator of labor market conditions and Federal Reserve policy expectations.

  • July 7, 23:00 (UTC+8): U.S. Consumer Inflation Expectations — May influence inflation outlook and future Fed rate expectations.

  • July 7, 17:30 (UTC+8): Bank of England Financial Stability Report — Assesses systemic financial risks and may affect global market sentiment.

5.Security Alert

Security firms have recently warned that hackers are rapidly creating phishing websites around trending market events and promoting fake "official" links through social media, search engine advertisements, and online communities. These counterfeit websites often closely resemble legitimate project pages, making it difficult for users to distinguish them. Once a wallet is connected or a malicious transaction is signed, digital assets may be stolen. The risk is especially elevated during periods of heightened attention surrounding popular projects, meme tokens, and breaking news, when phishing websites proliferate quickly. Users are strongly advised to avoid accessing project websites through search results or unfamiliar links. Always verify official announcements or authenticated social media channels before connecting wallets, approving transactions, or signing permissions, and carefully check website domains to protect digital assets from phishing attacks.

MEXC Chain Observation Daily, updated daily, strives to provide professional, timely, and in-depth market analysis for cryptocurrency practitioners. Welcome to share and subscribe.

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Risk Warning: The content of this article is for reference only and does not constitute any investment advice. The cryptocurrency market is volatile, please make a cautious decision based on your own situation.


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Disclaimer: The articles published on this page are written by independent contributors and do not necessarily reflect the official views of MEXC. All content is intended for informational and educational purposes only and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC. Cryptocurrency markets are highly volatile — please conduct your own research and consult a licensed financial advisor before making any investment decisions.

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