Odaily Planet Daily News: According to Hong Kong Stock Exchange documents, BlackRock's shareholding in Bank of China (03988.HK) increased from 5.99% to 6.46% on July 1.

According to PANews, recent data from CoinShares reveals that digital asset investment products experienced a net inflow of $1.03 billion last week, pushing the total assets under management (AuM) to a record high of $188 billion. This marks the 12th consecutive week of net inflows. The U.S. market showed remarkable performance, attracting $1 billion in inflows, while Canada and Brazil saw outflows of $29.3 million and $9.7 million, respectively. Ethereum stood out with an average weekly net inflow of 1.6% of managed assets over the past 11 weeks, significantly surpassing Bitcoin's 0.8%. This trend indicates a growing investor preference for Ethereum.

Binance Blog published a new article, summarizing the findings of the recent Binance Research report on key developments in the crypto markets over the past month. In March 2025, the cryptocurrency market experienced a 4.4% decline, driven by heightened volatility due to uncertainty surrounding Federal Reserve interest rates and renewed tariff tensions. The U.S. Federal Reserve's decision to maintain benchmark interest rates for a second consecutive meeting dampened investor risk appetite, reflecting concerns over persistent inflation. Additionally, U.S. President Donald Trump's imposition of new tariffs sparked international backlash, particularly from Canada and Mexico, leading to US$1 billion in liquidations in the crypto derivatives market. Despite the market turbulence, March witnessed significant regulatory advancements for the crypto industry. The GENIUS Act moved closer to becoming law after clearing the Senate Banking Committee with bipartisan support. Meanwhile, the U.S. Office of the Comptroller of the Currency (OCC) issued guidance permitting banks to custody cryptocurrencies, signaling growing regulatory clarity and a broader move toward integrating digital assets into the traditional financial ecosystem. Among the standout performers, Toncoin (TON) surged 17.1% following revelations of substantial acquisitions by top venture capital firms, coinciding with a meteoric rise in its user base. Cardano (ADA) also posted gains, driven by speculation surrounding its potential inclusion in the U.S. Digital Asset Stockpile. In the DeFi sector, total value locked (TVL) declined by 1.5% month-on-month, influenced by regulatory uncertainty surrounding the IRS's now-overturned DeFi Broker Rule. The rule sought to classify DeFi platform operators as brokers, imposing stringent reporting obligations that threatened innovation and user privacy. However, a Senate resolution backed by both Congress and the Trump administration successfully repealed the rule, boosting the DeFi sector's autonomy and growth potential. Despite the contraction, the stablecoin market continued its upward trajectory, growing 4.4% in March, buoyed by regulatory progress on the U.S. GENIUS Act. The NFT market faced a significant decline, with total sales volume dropping 12.4% across the top 10 chains. Ethereum-based NFTs were hit hardest, with sales plummeting 59.3%, while Panini's America NFTs surged 259.2%, marking its rise as a top 10 NFT chain. Despite the broader market pullback, major partnerships hint at sustained interest in NFT applications, with collaborations involving renowned toy designers and popular franchises. The Binance Research team remains committed to delivering objective analyses of the crypto space, providing insights into the ecosystem's current state and upcoming developments.

Odaily Planet Daily News According to official news, Binance announced that the latest "Real-time Smart Money" function has been launched, which can support: 1. Tracking top contract traders; 2. Viewing their operations in real time; 3. You can also share your own real-time trading at the same time and compete on the leaderboard.

Odaily Planet Daily News Cryptocurrency exchange MCNEX and Web3 game aggregation platform PlayFirst jointly announced today that the two parties will jointly invest $5 million (cash + technology products) to jointly create a Web3 aggregation ecosystem that integrates games, traffic and DeFi. The core goal of this strategic cooperation is to integrate the advantages of both parties, build a Web3 game listed company, and focus on exploring the value potential of the "coin-stock linkage" innovative model. This model aims to connect traditional equity and on-chain token economy and release token dividends.

According to Odaily, despite the U.S. government's description of its fiscal plan as a 'grand and beautiful bill,' Lombard Odier remains skeptical about its potential benefits. The institution argues that the budget proposal offers little macroeconomic stimulus and may worsen the fiscal outlook. Strategic analyst Filippo Pallotti highlights that the plan is expected to increase the federal deficit by approximately $4 trillion over the next decade. If tax cuts are made permanent, the deficit could grow even larger. While tariff revenues might alleviate some fiscal pressure, public debt as a percentage of GDP is projected to rise to 119% by around 2034. Most tax cuts are unlikely to significantly boost consumption, and the largest spending reductions are expected in Medicare and food assistance programs. The budget's implications raise concerns about the long-term economic stability of the United States.

Strategic acquisition provides comprehensive US regulatory infrastructure to accelerate tokenized securities ecosystem development source: https://www.blockhead.co/2025/07/07/ondo-finance-acquires-sec-registered-broker-dealer-oasis-pro-in-major-tokenization-play/

Catenaa, July 07, 2025-The European Union has outlined an ambitious plan to enable law enforcement agencies to decrypt private data by 2030, as part of its newly unveiled ProtectEU strategy. The announcement was made with the release of the EU Commission’s official Roadmap, a sweeping document detailing efforts to bolster internal security amid mounting digital […] source: https://investors.catenaa.com/news/eu-targets-encrypted-data-access-by-2030-under-new-roadmap

Odaily Planet Daily News: Although the US government calls its fiscal plan "a grand and beautiful bill", Lombard Odier finds it difficult to see anything optimistic about it. The agency believes that this budget has little boosting effect at the macroeconomic level, but may further worsen the fiscal outlook. Strategic analyst Filippo Pallotti pointed out that the bill is expected to expand the federal deficit by about $4 trillion over the next decade; if the tax cuts are made permanent, the deficit may be even higher. Although tariff revenue can ease fiscal pressure to a certain extent, the ratio of public debt to GDP is still expected to climb to 119% around 2034. Most tax cuts are unlikely to significantly boost consumption, and the largest spending cuts will be concentrated in the areas of medical insurance and food subsidies. In view of this budget (Golden Ten)

Odaily Planet Daily News: Guojin Securities said on the interactive platform on July 7 that its subsidiary Guojin Securities (Hong Kong) Co., Ltd. is preparing to apply for virtual asset-related trading licenses, and has had multiple contacts with relevant institutions with rich experience in the international and Hong Kong regions on the matter. The specific application matters will be actively promoted in the future. Guojin Securities (Hong Kong) Co., Ltd. holds business licenses issued by the Hong Kong Securities and Futures Commission, including: No. 1: Securities Trading; No. 2: Futures Contract Trading; No. 4: Providing Opinions on Securities; No. 6: Providing Opinions on Institutional Financing; No. 9: Providing Asset Management. The company will continue to increase its active expansion of overseas business, and by leveraging the advantages of its Hong Kong subsidiary with a complete range of licenses No. 1, 2, 4, 6, and 9, it has achieved efficient business collaboration and provided the company's overseas customers with relatively complete financing and investment services. The above-mentioned application for virtual asset-related trading licenses still needs to be approved by the Hong Kong Securities and Futures Commission. Investors are advised to pay attention to investment risks.

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.