According to Foresight News, Guojin Securities announced on July 7 that its subsidiary, Guojin Securities Co., Ltd., is preparing to apply for a virtual asset trading license. The company has engaged in multiple discussions with experienced institutions in international and Hong Kong regions regarding this matter and plans to actively advance the application process. Guojin Securities Co., Ltd. currently holds several licenses issued by the Hong Kong Securities and Futures Commission, including Type 1 for securities trading, Type 2 for futures contracts trading, Type 4 for advising on securities, Type 6 for advising on corporate finance, and Type 9 for asset management. The company aims to leverage these licenses to expand its overseas business operations effectively. By utilizing the comprehensive set of licenses held by its Hong Kong subsidiary, Guojin Securities seeks to enhance business synergy and provide comprehensive financing and investment services to its international clients. The application for the virtual asset trading license is still subject to approval by the Hong Kong Securities and Futures Commission. Investors are advised to be aware of the associated investment risks.

Odaily Planet Daily News According to the monitoring of on-chain analyst Yu Jin, a whale/institution has been withdrawing FORM tokens from Binance Exchange in the past three days, and withdrawing another 7 million FORM from Binance within 2 hours. The daily withdrawal volume is stable at 7 million. At present, a total of 21 million FORM has been withdrawn, with a total value of approximately US$58.55 million. Analysts believe that judging from the recent trading volume and price trend of FORM on Binance, this batch of tokens may not be purchased recently, but accumulated chips when the price is lower. It is worth noting that this large-scale withdrawal occurred near the recent high of $FORM, suggesting that this behavior may have other purposes.

Wall Street has shown growing interest in Ethereum (ETH) as a reserve asset due to its key role in blockchain infrastructure and crypto market. Notably, crypto researcher Vivek Raman highlighted stablecoins and tokenization as contributing factors. source: https://www.thecoinrepublic.com/2025/07/07/5-reasons-why-wall-street-is-obsessed-with-ethereum-as-a-reserve-asset/

On Jul 07, 2025, 08:40 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 109,000 USDT benchmark and is now trading at 109,003.507813 USDT, with a narrowed 0.92% increase in 24 hours.

Despite Bitcoin staying above $100K for now, Capo says big hidden moves and fresh global risks could break this key level and spark a massive sell-off.   Here’s why he’s … source: https://coinpedia.org/news/bitcoin-crash-to-70k-analyst-warns-of-massive-sell-off-ahead/

SEC lawsuit. After spending over 9,000 hours researching Ripple and the global financial system, Jesse shared his thoughts and said the lawsuit might not be what it seems. According to Jesse, the legal battle between Ripple and the SEC is more like … source: https://coinpedia.org/news/was-the-ripple-lawsuit-designed-to-keep-xrps-price-down-9000-hour-xrp-researcher-speaks/

Odaily Planet Daily News: Market data shows that Echo Protocol (ECHO) has risen above 0.05 USDT and is currently trading at 0.05247 USDT, up 49.5% in the past 24 hours and 116.3% in the past 7 days.

The price of SUI has experienced a remarkable transformation, skyrocketing from a modest $0.35 to an impressive $100, igniting considerable excitement and discussion across Crypto Twitter. Many enthusiasts and analysts are now closely examining the long-term chart of SUI, intrigued by the potential implications of such a dramatic price shift and what it might mean for the future of this cryptocurrency. This surge has not only captivated existing investors but has also drawn the attention of newcomers to the crypto space, fostering a vibrant conversation about the factors driving this upward trajectory and what lies ahead for SUI in the evolving market landscape. source: https://blocknews.com/from-0-35-to-100-suis-long-term-chart-has-crypto-twitter-buzzing/

According to Foresight News, Dongxin Peace has announced on its interactive platform that, as of now, the company has not participated in JD.com's testing activities related to applying for a stablecoin license in Hong Kong.

Odaily Planet Daily News According to official news, Backpack issued an announcement regarding the "July 3 recharge jam and contract position confusion incident", saying: "A total of 5,000 users traded on that day. When the positions were confused, about 500 users made profits and 500 users suffered losses due to this incident. After rolling back the code, we decided that users who made profits can dispose of their assets on their own, and users who lost money will be compensated in full. As of the time of posting, we have received a total of 410 compensation requests, 242 requests have been processed, and a total of US$70,000 in compensation has been issued. We expect the total compensation amount to be around US$200,000. We will double the points compensation for all users who participated in the transaction on that day." In addition, Backpack CEO Armani posted: "Our exchange architecture is essentially a private, permissioned blockchain - designed from scratch for performance, verifiability, transparency and efficiency. We did not fork any existing technology, but developed it from scratch."

Artificial Intelligence, whose job is AI taking? 4 million chat records reveal the answer. Golden Finance, don’t be afraid of AI taking your job, but learn how to get along with it.

Circle, BlackRock, JPMorgan Chase, the battle for on-chain finance: Who will design the new order? Golden Finance, different origins, converging paths.

UAE regulators confirmed that staking Toncoin does not qualify anyone for a golden visa, denying claims made by The Open Network. They warned the public to ignore false offers and said crypto investments have no link to visa or residency rights.

Crypto exchange Kraken is inviting its community to help name the new mascot for Ink, its Ethereum Layer 2 network.

Elon Musk launched a new political group called the America Party after clashing with the Trump administration over a major tax and spending law. Treasury Secretary Scott Bessent mocked Musk on live TV, calling him a "loser" and downplaying his influence in politics.

A recent report by Bloomberg revealed that one of the richest U.S government agencies is the U.S Secret Service, who have quietly accumulated $400 million in digital assets over the past decades.

From January 2026, crypto traders in the UK must give personal details to platforms or face fines of up to £300. The new rules aim to stop tax evasion and will require both users and crypto companies to report more information to HMRC.

In the face of the tariff from the United States, the semiconductor war, and the tension surrounding its oil supply in the Middle East, it seems that China is already on its knees. But instead of backing down, China is responding with a retaliation on its own.

Hong Kong's "Stablecoin Ordinance" will be implemented on August 1, and stablecoins will be included in licensing management. "Old money" and new riches are lining up to visit the Hong Kong Monetary Authority in the hope of gaining the upper hand in the license application next month.

Golden Finance launches the 2747th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.