- 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
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Gate Team
July 7th, 2025
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