x

According to official news, Gate will launch a special gift event for new users from July 2, 16:00 to July 9, 16:00 (UTC+8). During the event, new users who complete their first flash exchange can participate in multiple rewards: for a single first exchange of 1 USDT, they will receive a 100% chance to win a mystery box lottery, with a maximum prize of 888 USDT in cash; for a first exchange of 200 USDT, they will also receive an additional cash reward of 2 USDT and 1 chance to enter the mystery box lottery; users who accumulate a flash exchange trading volume of 1,000 USDT can claim a cash reward of 20 USDT. The total prize pool for the event is 60,000 USDT, and rewards are available on a first-come, first-served basis.In addition, Gate will launch the fourth phase of the flash exchange regular investment benefits from July 3, 16:00 to July 17, 16:00 (UTC+8), where an individual can receive rewards worth up to 1,300 USDT. During the event, new users who complete their first flash exchange and successfully create a regular investment strategy with a successful deduction can receive up to 300 USDT in dual-currency financial experience; users who continuously complete flash exchanges and regular investment check-ins for 3 days and 7 days can receive 300 USDT and 600 USDT in dual-currency financial experience, respectively. At the same time, users who accumulate a regular investment trading volume of 100 USDT or an accumulated flash exchange trading volume of 500 USDT can share two prize pools of 10,000 USDT each based on their trading volume proportion, with a maximum of 400 USDT in dual-currency financial experience available per individual.

Hyperliquid Strategies, a digital asset treasury company focused on the HYPE ecosystem, with a US stock trading code of PURR, has accumulated 600,000 native tokens HYPE in the past 7 days, with a total value of approximately 40.6 million USD based on the current market price.This increase in holdings utilized a cash position of 36 million USD, and the institution currently still holds a cash reserve of 149.4 million USD. The institution's current adjusted net asset value per share (mNAV) has approached or even fallen below 1, so no new shares have been issued, and this increase in holdings was completed entirely using its own cash.

According to reports from South Korean media, Samsung Electronics' foundry business is accelerating its expansion in the global AI chip market. Following last year's acquisition of Tesla's AI chip orders, Samsung is currently advancing production cooperation for customized chips (ASIC) with Meta and Anthropic.It is reported that Meta is negotiating a next-generation ASIC design and production contract with Samsung worth over 10 trillion Korean won. Meta's third-generation AI accelerator "MTIA" plans to shift from TSMC to large-scale production using Samsung's advanced 2-nanometer process, with early chip architecture design being jointly conducted by Samsung's System LSI division to align with its rapid six-month development cycle. In addition, the American AI company Anthropic is also evaluating the use of Samsung's 2-nanometer process to develop exclusive ASICs, aiming to advance the internalization of its AI infrastructure.Industry insiders point out that with the influx of AI chip orders from global tech giants, along with ongoing negotiations for automotive chip foundry agreements with BYD, Samsung's foundry business is expected to approach a medium to long-term order reserve of 50 trillion Korean won, and is likely to turn a profit in operating income in the fourth quarter of this year.

According to PYMNTS, the new cryptocurrency tax in Illinois, USA, will take effect on January 1, 2027. The law firm Jones Day stated that any brokers with business exposure in Illinois should begin registration preparations as soon as possible and review existing record-keeping processes to meet the upcoming compliance requirements.

According to reports from Jiemian News, Kingsoft Cloud will accelerate the construction of GPU computing clusters in the second half of the year to meet the explosive growth in computing power demand from major clients. Among them, Xiaomi's demand for Kingsoft Cloud's GPU computing power has upgraded from a ten-thousand-card cluster, with the related budget significantly increasing from nearly 4 billion yuan to over 10 billion yuan. In addition, Alibaba's large model team has signed a 5-year computing power leasing contract with Kingsoft Cloud, involving more than 3,000 eight-card GPU servers. Based on the contracted price, the annualized revenue after full delivery will exceed 4 billion yuan.To meet the surging customer demand, Kingsoft Cloud's capital expenditure plan for 2026 has been raised to 15 billion yuan, with an annual revenue target of 12.5 billion to 13.5 billion yuan. It is reported that due to tight upstream supply, Kingsoft Cloud is currently only accepting long-term contracts from clients for 3 to 5 years, and some orders are facing delivery delays. Due to concerns about the risk of impairment of high-level card assets, Kingsoft Cloud is currently pausing aggressive hardware expansion, anticipating that the prices of computing hardware may reach a turning point for decline in the third quarter of this year.

Jurrien Timmer, Global Macro Director at Fidelity Investments, stated that Bitcoin is approaching the long-term Power Law model support level, or facing a critical technical test. Currently, the support line of this model is at $58,237, while $60,000 is seen as an important psychological and technical threshold. In addition, Jurrien also pointed out that due to the slowdown in global liquidity growth and speculative funds continuing to flow into technology stocks and other risk assets, Bitcoin currently lacks the macro catalysts necessary to drive a trend reversal. Although this model support level has historically become a market bottom multiple times, Bitcoin may still oscillate in this area for a while, waiting for a more favorable macro environment to drive a new round of increases.

AEGIS X officially launches the global genesis co-construction phase, marking the project's formal entry into a new stage of ecological construction. Global users can now participate in the genesis co-construction with USD1 according to the protocol rules, jointly promoting the construction of the on-chain liquidity network around USD1.It is reported that AEGIS X uses USD1 as the core value settlement asset, integrating AI and DeFi protocol mechanisms, and building an ecosystem around stablecoin liquidity, on-chain payments, DAO collaboration, and AI Agent application scenarios. With the launch of the global genesis co-construction phase, the project will further connect users, liquidity, and application scenarios, accelerating the development and improvement of the USD1 ecological network.

Gate today announced that Edwin Cheung has officially been promoted to Executive Director, where he will participate in the overall strategic planning and global business development of the group, further advancing Gate's long-term layout in the digital asset and fintech fields, supporting the group's continuous expansion in the global market and enhancing its overall competitiveness.Previously, Edwin was responsible for Gate's global fiat currency business strategy, long-term promotion of institutional cooperation, payment infrastructure construction, and global market expansion, and actively participated in international business, laying a solid foundation for Gate's globalization layout and long-term strategic development. Edwin holds an MBA in Fintech from the Hong Kong University of Science and Technology and a Bachelor's degree in Commerce from the University of Melbourne. With nearly ten years of experience in the financial industry at HSBC and Standard Chartered Bank, he has accumulated rich experience in institutional business, payment systems, and strategic cooperation. He stated, "I am deeply honored to serve as Gate's Executive Director. In the future, I will work with the team to promote the implementation of the group's long-term strategy, continuously enhance global business synergy capabilities, strengthen Gate's competitive advantages in the digital asset and fintech fields, and create greater long-term value for global users."This appointment reflects Gate's ongoing commitment to globalization development, long-term strategy, and organizational construction. In the future, Gate will continue to adhere to an innovation-driven development concept, steadily advance its global business layout, continuously enhance product and service capabilities, and create a more open, secure, and professional digital asset ecosystem for global users.

According to Greeks.live, options delivery data shows that 31,000 BTC options are expiring, with a Put Call Ratio of 0.7, a maximum pain point of $61,000, and a nominal value of $1.9 billion. 135,000 ETH options are expiring, with a Put Call Ratio of 1.29, a maximum pain point of $1,650, and a nominal value of $230 million.Analysis indicates that Bitcoin has once again reclaimed the key integer level of $60,000 this week, but the long-term downtrend has not yet ended. The selling pressure from MicroStrategy and ETFs has completely changed market consensus, with the largest buyers becoming sellers, which is a signal of accelerated decline in any market's transition from bull to bear. From the main options data, over 8% of options are expiring this week, with BTC GEX distribution concentrated at $60,000 and ETH GEX distribution concentrated at $1,700. This week, the Put Call Ratio for ETH reached 1.29, with a high proportion of put options, indicating strong market demand for hedging and significant concerns about further declines.Recently, market hotspots have focused on U.S. stocks, while the cryptocurrency sector's hotspots are in the tokenization of U.S. stocks. The renewed interest in AI and semiconductors taking time to transmit to the crypto space suggests that the crypto market outlook for Q3 is not optimistic.

According to official news, Gate has now launched pre-trading for SKHY (SK Hynix) perpetual contracts (settled in USDT), supporting 1-10x leverage.SK Hynix is a leading semiconductor company in South Korea and the second-largest memory chip manufacturer in the world. The underlying asset for this contract is SK Hynix ADR (SKHY), with an exchange ratio of 10 ADRs corresponding to 1 share of common stock (i.e., 1 ADR = 0.1 shares of common stock).

According to the official announcement, Bitget has made multiple optimizations to its CFD copy trading feature. This upgrade focuses on two main scenarios: "Expert Discovery" and "Position Management," aiming to help users efficiently filter high-quality trading experts and manage copy trading positions more clearly. Users can upgrade the Bitget App to version 2.87.0 to experience the related features.In terms of Expert Discovery, the copy trading tab on the market K-line page has added a "Popular Trading Experts" module. Users can view the popular trading experts with the best performance over the past 30 days for the current asset. The expert card will display information such as nickname, 30-day return rate, and the number of copy traders. Users can directly enter the expert's homepage to view strategy details or initiate copy trading with one click, reducing the cost of switching between the market page and the copy trading center.Regarding Position Management, the CFD trading area has added a "Copy Trading Position" module, allowing users to directly view the copy trading positions under the current asset in the position column. If following multiple trading experts simultaneously, the positions of each expert will be displayed independently in separate lines and can be sorted by position value, unrealized profit and loss, and other dimensions, helping users manage their copy trading accounts and risk exposure more precisely.

According to Jinshi, the disappointing U.S. employment data has led to a slowdown in market expectations for the Federal Reserve's interest rate hikes. Citibank stated that the expectations for a recovery in Middle Eastern supply have been "exaggerated," while aluminum futures on the London Metal Exchange (LME) have risen. It remains to be seen how long the "breathing window" for industrial metals can last.

CME Group announced that its average daily trading volume (ADV) in June reached a new record of 30.6 million contracts, a year-on-year increase of 19%; the trading volume in the second quarter reached 29.8 million contracts, marking the second highest in history.In terms of cryptocurrency, the CME's average daily trading volume for cryptocurrency futures contracts in June increased by 76% year-on-year, reaching 334,000 contracts, with a nominal value of approximately $10.7 billion. Among these, the average daily trading volume of micro Bitcoin futures contracts grew by 46%, reaching 77,000 contracts. In the second quarter, the average daily trading volume for cryptocurrency futures contracts reached 250,000 contracts, a year-on-year increase of 32%, with a nominal value of approximately $13.7 billion, of which the average daily trading volume of Ethereum futures contracts increased by 10%, reaching 18,000 contracts.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 22, an increase of 4 points from yesterday. The average over the past 7 days is 15, and the average over the past 30 days is 15.

The stablecoin payment and issuance infrastructure Bridge officially announced that it has successfully obtained authorization as a crypto asset service provider under the Markets in Crypto-Assets Regulation (MiCA) in Luxembourg, as well as an Electronic Money Institution (EMI) license. With this dual license, its compliant business scope will cover all 27 EU member states.It is reported that this move will significantly expand Bridge's stablecoin service capabilities in the European market. Based on the new license, European businesses and developers can now provide their customers with a real-name virtual IBAN and euro accounts that are universally applicable across the EU through a single integrated interface. In addition, businesses will also be able to compliantly issue customized euro stablecoins for use in scenarios such as cross-border fund transfers and efficient low-cost settlements between institutions.

On July 3, WEEX announced that it has launched a cryptocurrency and stock trading zone activity for the Physical AI Bot. Users trading any of the participating cryptocurrencies (MSFTON, NVDAON, AMDON, QCOMON, TXNON, ADION, SYMON, ISRGON, TSLAON) can share a reward of $100,000. This event has set up multiple reward mechanisms for both new and existing users, and the activity period is from 7/2 20:00 to 7/12 20:00 (UTC+8).

Bitget has launched the SK Hynix IPO pre-market perpetual contract SKHYUSDT. It supports a maximum leverage of 20 times and allows trading 24/7.

According to Zcash developer Sean Bowe (@ebfull), the Zcash Ironwood network upgrade has made significant progress: all consensus rule changes have been implemented and have entered the audit phase, and the related specifications (ZIPs) have been released and are nearing final status; the testnet activation is scheduled for July 4, and the mainnet activation is expected to be completed around July 21.The team is simultaneously conducting formal verification work to eliminate potential risks regarding supply integrity, and the relevant results will be announced before the mainnet activation. The only impact on users after the upgrade will be the migration process of the old funding pool. There is already sufficient hashing power expressing support for the mainnet upgrade, although some wallets may not be able to complete adaptation in time, but the team has stated that this will not delay the activation, and ample alternative solutions and testnet time will be provided.