Hong Kong Securities and Futures Commission Holds Second Digital Asset Advisory Group Meeting

On July 7th, based on HTX market data, Bitcoin has fallen below $108,000 and is currently trading at $107,988.

On July 7th, the Taohuajiang County Public Security Bureau issued a statement. It was indicated that during their routine work recently, the Taohuajiang County Public Security Bureau found that some people, recommended by others, were investing through the "DGCX Xinkangjia" platform. This platform used the name of the Dubai Gold and Commodities Exchange (DGCX) without authorization and relevant qualifications to attract funds. It falsely claimed to be the Chinese branch of the DGCX trading platform and promised high returns. The platform determined levels and profit-sharing ratios based on the number of new members brought in. Starting from June 25, 2025, the principal on the "DGCX Xinkangjia" platform could no longer be withdrawn normally. In addition, profits were restricted by imposing high "fees" and other conditions, raising suspicion of illegal fundraising and fraud. Such business operations pose significant risks. Once the fund chain collapses, investors will suffer significant

On July 7th, FTX's major creditor Will (@zhetengji) stated in an interview with BlockBeats: "If a third-party institution acquires your debt, when determining eligibility for compensation, the original country of ownership will no longer be taken into account. Some creditors propose selling their debt to addresses with regulatory compliance qualifications. Certain so-called 'debt agents' or intermediaries, particularly a significant number of them being Chinese, continuously spread anxiety to the community during this process. They create panic through various means, thereby depressing the debt price. In such an environment, many originally very anxious friends are compelled to choose to sell their debt at a low price." "The conservative estimation of the arbitrage space might be between 20% and 30%. In FTX's bankruptcy settlement, the debt is calculated based on an annual accumulation of 9% interest. Therefore, the final amount to be recovered depends on the time dimension and the sc

On July 7th, as per The Block, the DEX project Kuru Labs within the Monad ecosystem has completed a Series A financing round worth $11.5 million, with Paradigm taking the lead. The angel investors consist of 0xDesigner, Viktor Bunin, Zagabond, Tristan Yver, Kevin Pang, Will Price, Alex Watts, Jordan Hagan, 3nes, Shreyas Hariharan, Auri, and Joe Takayama. The company had previously raised approximately $2.2 million in seed funding.

On July 7th, the stock price of Sharplink Gaming Inc (SBET) increased by 12.32% and is now trading at $14.21.
BlockBeats' Note: SharpLink Gaming is a "ETH Version MicroStrategy." According to CryptoQuant data, SharpLink Gaming currently holds 198,167 ETH, which is valued at approximately $497,118,524, and the total cost is about $516,391,185.

On July 7th, when the U.S. stock market opened, the Dow Jones fell by 0.18%, the S&P 500 Index dropped by 0.3%, and the Nasdaq declined by 0.49%. Circle (CRCL) increased by 4.89%; Coinbase (COIN) decreased by 0.51%; Robinhood (HOOD) went down by 0.70%; MicroStrategy (MSTR) fell by 1.18%; MARA Holdings (MARA) dropped by 2.49%; Riot Platforms (RIOT) fell by 5.83%; Bitmine (BMNR) decreased by 18.29%; SRM Entertainment (SRM) fell by 1.47%.