- Market Commentary: U.S. President Trump announced a 25% tariff on South Korea and Japan, and a 40% tariff on Laos and Myanmar, causing another round of turbulence in global financial and cryptocurrency markets. Major cryptocurrencies, including BTC, experienced a general decline. BTC dropped from 109,000 USDT to 107,000 USDT. ETH fell by over 2% in the past 24 hours but did not break below the strong support level of 2,500 USDT. The altcoin market saw slight declines, with XRP down 1.20% and SOL down 3.04%.
- Top Tokens: SOLO, GRASS, and XDC showed impressive performance amidst the overall market downturn: SOLO surged 26.43% in the last 24 hours, possibly driven by the increasing interest in stock asset tokenization, which may have boosted its trading volume and token price. GRASS rose 6.15% in the past 24 hours, potentially benefiting from the recent launch of its Android application, which significantly increased project visibility. XDC gained 4.66% in the last 24 hours, with Credefi's RWA lending platform and CRYMBO's compliance tools launching on XDC at the end of June, offering on-chain solutions for banks and fintech companies to tokenize debt, verify users, and implement cross-border regulations.
- Alpha Insight: According to the latest data shared by Circle executive Patrick Hansen, the EU has issued MiCA licenses to 53 institutions, allowing them to operate across the 30 countries of the European Economic Area with "passporting" rights, enabling service provision without additional applications. Strategy Company announced it has signed a sales agreement to issue STRD shares to raise $4.2 billion. The BTFS v4.0 mainnet upgrade has been completed and is now fully operational.
- Gate Launchpool: Gate platform is currently conducting a subscription event for Boom (BOOM). Users can receive a total of 1,250,000 BOOM airdrops for free by Staking Boom or GT starting July 9, 2025. Boom is a leading AI data incentive layer, dedicated to connecting off-chain activities with on-chain economies. Boom supports games, social networks, real-world assets, and capital markets through smart decentralized infrastructure.
Discover more details today → EU has issued MiCA licenses to 53 crypto firms | Strategy plans to raise $4.2 billion | Gate Research
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Gate Team
July 8th, 2025
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