In the past 24 hours, the entire network has seen $172 million in total liquidations, with the majority coming from the largest short positions.

July 7th, Regarding the recent market adjustment, certain analysts have cautioned that the summer lull will persist. Alex Kuptsikevich, the Chief Market Analyst at FxPro, stated in a report on Thursday: "The support attained in the previous peak area suggests that the market is pausing momentarily to secure profits. Nevertheless, the market downturn is causing the most active traders to waver as they have now shifted to very minor undertakings." On the other hand, Bitcoin is once more drawing near to its 50-day moving average. Such repeated testing of the mid-term trend signal line indicates that as the largest cryptocurrency, Bitcoin has entered a state of accumulation fatigue." (CoinDesk)

On August 7th, as per the official announcement, Gate is set to list INFINIT (IN) spot trading at 18:00 (UTC+8) on August 7th. Furthermore, at 18:10, INFINIT (IN) perpetual contract trading (settled in USDT) will commence, with support for 1-20x leverage.

On August 7th, Trump declared that the interview procedure for the next Federal Reserve Chair has commenced. The current list of candidates has been narrowed down to three, and it is noted that they all originate from Wall Street. (Cointelegraph)

On August 7th, as monitored by PeckShield, a phishing advertisement imitating the decentralized lending protocol Aave showed up as the top result in Google search results. It is advised that users refrain from interacting with it. It is recommended that when visiting Web3 sites, users always verify the authenticity of the website to avoid phishing attacks.

On August 7th, one of the world's largest rating agencies, Moody's, indicated that the clarity of regulations under the Hong Kong "Stablecoin Regulation" is anticipated to boost market confidence and facilitate the long-term utilization of stablecoins. This holds a positive credit impact on Hong Kong banks aiming to obtain licensed stablecoin issuer status and Hong Kong securities firms holding virtual asset trading licenses. If they become licensed banks, large banks will be required to leverage their reputations, liquidity management, and compliance infrastructure to gain a first-mover advantage. (Aastocks)

On August 7th, as per official documents, Cboe BZX has submitted an application to the U.S. Securities and Exchange Commission (SEC). The application is to incorporate the Ethereum staking feature into the approved VanEck Ethereum ETF. According to the document, the sponsor of the fund has the option to stake either all or a portion of the Ethereum held by the fund by engaging one or more trusted staking service providers. The staking rewards obtained will be regarded as a part of the fund's income.