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HK Stock Concept Stock of Stablecoin Surges, Victory Securities Up Over 10%

5 hours ago

July 7th: The Hong Kong Stock Concept Stocks related to Stablecoins witnessed a strengthening trend. Victory Securities rose by more than 10%, Guotai Junan International increased by more than 5%, and MultiTech Group rose by nearly 2%. Before this, it was reported that Hong Kong Financial Secretary Paul Chan Mo-po stated that the aim is to issue a Stablecoin license within this year.
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Binance: Alpha users participating in the PAL TGE have a threshold of 202 points

On July 7th, as per official channels, Binance has declared the Alpha user participation regulations for the new PAL TGE round, with a minimum requirement of 202 points. Users are able to participate in this TGE event via the Alpha activity page. Participating in this event will entail the consumption of 15 points.

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Virtuals: The Genesis airdrop will no longer be automatically distributed; users will need to claim it manually

On July 7th, the Virtuals Protocol officially launched a Genesis Mechanism update. It was stated that Virgens now possess a unified interface through which users can view and claim all Genesis airdrops (if eligible). Genesis airdrops will no longer be distributed automatically. Instead, users need to claim them manually if they meet the eligibility criteria.

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Bitcoin Dips Below $109,000

On July 7th, according to HTX market data, Bitcoin fell below $109,000 and is currently trading at $108,957. The 24-hour percentage change has narrowed to 0.77%.

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The UK publicly listed company Tao Alpha is planning to appoint the Head of UTXO Management at BTCfi as a non-executive director.

On July 7th, the UK-listed company Tao Alpha aims to appoint Henry Elder, who is the Head of UTXO Management at BTCfi, as a Non-Executive Director. It is expected that Henry Elder will join the board following Mark Rutledge's departure. Before this announcement, Tao Alpha is in the process of raising around $137.5 million and intends to hold Bitcoin as its main treasury reserve asset. Furthermore, the company will rebrand to Satsuma with the stock ticker symbol SATS.L.

8 minutes ago

Viewpoint: If this bull run is similar to the previous two, we still have about six months to reach the market top

On July 7th, analyst @ali_charts shared a market perspective, suggesting that if this bull market cycle follows a similar pattern to the previous two, we might be approximately 6 months away from the next market peak.

8 minutes ago

In the past week, the BSC cross-chain bridge has seen a net inflow of $10.08 billion, while Ethereum has experienced a net outflow of $9.83 billion.

On July 7th, based on DefiLlama data, in the past week, the net inflow of funds through the BNB Chain cross-chain bridge reached $1.008 billion, ranking first among all public chains. Closely following are Optimism and Mantle, with net inflows of $28.72 million and $13.33 million respectively. Ethereum, Arbitrum, and Flare witnessed net outflows of $0.983 billion, $0.161 billion, and $15.96 million respectively.

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