NonFungibleDegen

Gate announced the token migration of BNB and BUSD to BNB Smart Chain to optimize user experience and drop transaction costs. During the migration, deposits and withdrawals will be paused, and users need to operate using the BSC network. Other trading functions will not be affected, and funds are safe.

Gate has opened $OSPY trading. OSPY is the utility token of the OpiPets game ecosystem, which users can use to purchase game assets, pay transaction fees, and stake for rewards. OpiPets combines NFT and GameFi to provide players with a unique digital pet raising experience.

Bitcoin has shown strong capital flows at the end of the quarter, with listed companies continuously increasing their spot holdings, and corporate purchases have surpassed ETFs. The SEC has been active, approving new types of ETFs, and corporate encryption asset allocation is accelerating. In the market, the liquidity of derivation has improved, the macro environment is favourable for risk assets, and risk appetite is gradually being transmitted to digital assets.

According to the "Daily Economic News", the South Korean Presidential Policy Planning Committee recently held a meeting with financial regulatory authorities to discuss the issuance conditions and regulatory framework for stablecoins denominated in Korean won. The virtual asset task force under the committee also listened to supplementary reports from regulatory authorities, focusing on key issues such as the capital requirements for issuers. It is said that the regulatory department emphasized the need to establish clearer issuance standards to restrict the entry of small Crypto Assets companies that lack sufficient funding.

[Golden Finance] According to data platform monitoring, the Whale "0xFa5" deposited 15.66 million USDC into a certain platform and shorted ETH with 10x leverage. Earlier, he lost 3.56 million dollars on ETH long positions earlier today. Current ETH Position:
• Scale: 28,679 ETH (approximately 70.1 million USD)
• Entry Price: 2,443.92 USD
• Liquidation Price: 2,930.62 USD

[比推] Alucard, the community leader of Eclipse, stated on social media that there is no ES Airdrop today, and all activities on-chain are related to the preliminary preparations for the upcoming eligibility inquiry tool. Please be wary of scams and false information on social media platforms. The ES Airdrop needs to be claimed through the official claim website on the day of the TGE (token generation event). There will be no TGE today.

According to monitoring, a certain Wallet deposited 35 million H (2.7 million USD) to the trading platform 12 hours ago.
In the past 24 hours, the price of H has surged over 78%. A certain institution is not only a strategic round investor in H but also one of its market makers. On the day of the token issuance, the institution received 25 million H and subsequently deposited 8 million H to the trading platform.

On July 2, Musk retweeted Trump's post about facilitating a ceasefire protocol in Israel and praised Trump for successfully resolving several serious conflicts around the world, saying, "Credit where credit is due."

American Bitcoin Corp. and Gryphon Digital Mining announced that they have submitted a revised S-4 form to the SEC to advance the stock-for-stock merger transaction, which will operate under the "American Bitcoin" brand post-merger, with an expected listing completion in the third quarter of 2025, and the stock ticker will be "ABTC".

Recent reports indicate that the price movement of Bitcoin is narrowing, reflecting a slowdown in on-chain activity and derivatives trading, with a decrease in spot trading volume and open contracts, as the market is shifting to a consolidation phase. The key support level for short-term holders is at $98,700, and the performance in the third quarter is typically weak, so it is important to follow macroeconomic events or favourable information regarding ETFs in the future.

According to data from the data platform, the total net inflow of BTC on exchanges in the past 24 hours is 2184.81 BTC, with the top three exchanges by inflow as follows:
A certain exchange, inflow of 969.87 BTC;
A certain exchange, inflow of 773.29 BTC;
A certain exchange platform, inflow of 448.81 BTC.
In addition, a certain exchange has seen an outflow of 154.90 BTC, ranking first on the outflow list.

According to Bloomberg, despite Singapore's local regulations on unlicensed crypto exchanges, a certain platform still plans to maintain a remote work model. The Monetary Authority of Singapore (MAS) had previously ordered local crypto companies without a Digital Token Service Provider (DTSP) license to cease services for overseas clients by June 30 (local time). The media cited sources saying, "It is expected that this regulation will have little impact on the platform's operations."

Mizuho analysts reaffirmed their buy rating for Robinhood and raised the target price to $99. Robinhood launched tokenized stock products based on Arbitrum and built Robinhood Chain, planning to introduce multiple new features, including encryption rewards cards and the AI investment assistant Cortex.

[BitPush] According to reports, the new Layer 1 Blockchain Stable, supported by USDT, has officially revealed the "first phase" of its roadmap. This network, referred to as the "Stable Chain", will use USDT as its native Token for Gas fees and Settlement costs. Stable aims to address the inefficiencies of existing infrastructure, including unpredictable fees, slow Settlement times, and overly complex user experiences. The project states that its core design is to "unlock the true potential of stablecoins, enabling everyone to conduct faster, cheaper, and more reliable transactions."
According to the project documentation, this high-throughput network will have sub-second block finality, full EVM compatibility, and will integrate the decentralized USDT0 token based on LayerZero (pegged to Tether's USDT). Using U

On July 2, GMGN partnered with the tokenization platform xStocks created by Backed to support users in trading US stocks on the Solana blockchain.

On July 2, a certain analyst reiterated a "buy" rating for a certain platform and raised its target price from $80 to $99.
The trading platform announced yesterday the launch of tokenized stock products based on Arbitrum, and is building a dedicated Layer 2 network for RWA.

On July 2, Oblong (OBLG), a publicly traded company in the US, announced that it spent 1.65 million dollars last week to increase its holdings by 5,025 TAO, with an average purchase price of 328.38 dollars.
On June 6, Oblong announced that it raised $7.5 million through a private stock placement to purchase Bittensor's TAO tokens and participate in its Subnet 0 staking program.

[Block Rhythm] On July 2, market news: The U.S. Senate passed Trump's large-scale tax cuts and spending bill (the "Beautiful Law") by a vote of 51 to 50, and the bill was sent to the House of Representatives.

The cryptocurrency tax proposal put forward by U.S. Senator Cynthia Lummis has not passed after more than 24 hours of amendment procedures, potentially missing the opportunity to enter Senate discussion. The proposal aims to provide tax-exempt provisions for small crypto asset transactions (below $300).