[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.staticimgs.com/image/ann_en202507071437480813264118.webp) - Market overview: On July 7, after briefly rising above 110,000 USDT, BTC pulled back slightly and is now trading at a narrow range of around 109,531.9 USDT. ETH climbed above 2,600 USDT but failed to hold, retreating into a consolidation range between 2,570–2,580 USDT. - Trending tokens: BONK saw a significant surge driven by rising community engagement and Letsbonk platform metrics surpassing Pump.fun. TIA rebounded sharply after a prolonged correction, supported by technical stabilization and fresh capital inflows. Meanwhile, SPX6900 attracted strong buying interest and increased volume amid growing market attention to tokenized stocks and the RWA narrative. - Alpha insights: Letsbonk generated over $1 million in fee revenue in the past 24 hours, surpassing Pump.fun and Sky; Block CEO Jack Dorsey launched bitchat, a decentralized peer-to-peer chat app; UAE officials clarified that cryptocurrency investors are not eligible for the golden visa program. - Gate Launchpool: Gate is currently running the subscription event for Infinity Ground (AIN). Users can stake BTC or AIN before July 10, 2025, 12:00 (UTC) to receive a free airdrop of 1,200,000 AIN. Infinity Ground is a blockchain infrastructure project built for Vibe Coders, offering a decentralized AI agent IDE, an AI application marketplace, and its proprietary public chain, ING Network. Discover more details today → Gate Research: Letsbonk Metrics Surpass Pump.fun, Fueling BONK Surge | UAE Clarifies Crypto Investors Not Eligible for Golden Visa Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis. **Disclaimer** Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions. Gate Team July 7th, 2025 **Gateway to Crypto** Trade over 4,100 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves