[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.staticimgs.com/image/ann_en202507021329183175527130.webp) - Market Overview: On July 2, the crypto market continued its consolidation trend, with BTC and ETH showing weak technical structures and declining short-term momentum. Risk appetite remains subdued. BTC ETFs saw a net outflow of $342 million, while ETH ETFs recorded a net inflow of $40.7 million, indicating diverging institutional allocations between major assets. The Fear & Greed Index stood at 63, suggesting slightly cooled sentiment and potential near-term consolidation pressure. - Trending Tokens: CALCIFY surged 42.61% following multiple CEX listings, sparking strong short-term sentiment. SUN rose 5.7% driven by TRON community engagement through Twitter Spaces and promotion of the SunGenX tool. VENOM gained 4.12%, supported by its CEO’s participation in a Gate-hosted AMA and new partnership developments in Vietnam, boosting expectations for regional expansion. - Alpha Insights: Gate surpassed 30 million global registered users, marking progress in brand revamp and compliance expansion. The U.S. SEC fast-tracked approval for Grayscale’s GDLC to convert into an ETF, signaling acceleration in regulatory acceptance of crypto products. Meanwhile, Malaysia’s Securities Commission proposed easing token listing rules and enhancing DAX oversight, aiming to strengthen its competitive position in Southeast Asia’s crypto market. - Gate Launchpool: Gate’s Launchpool is currently hosting the subscription for Namada (NAM), open until July 9, 2025 at 13:00 (UTC). Users can stake NAM, GT, or USDT to receive free airdrops. Namada is a PoS-based Layer 1 blockchain focused on cross-chain private asset protection. It supports private transfers of any type of asset and is positioned as a multi-chain privacy infrastructure. Discover more details today → Gate Research: Gate Surpasses 30 Million Global Users｜SEC Approves Grayscale ETF Conversion 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 2nd, 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