Odaily Planet Daily News Matrixport released today's chart saying that retail trading activity in the crypto market has continued to be weak this year. South Korea's spot daily trading volume has dropped to US$775 million, and Binance's average daily trading volume has also shrunk to US$5 billion, a new low since September 2024. The obvious decline in trading volume reflects the overall decline in retail investors' enthusiasm for participation. Since the launch of the TRUMP coin in January, market trading has gradually turned weak. With the unlocking of US$782 million of TRUMP tokens next week, the new supply may further aggravate market selling pressure, and some holders may leave the market to cash out. If there is a lack of sufficient buying, short-term volatility may intensify. The current market lacks new driving factors, and most retail investors seem to have entered the "summer break mode" ahead of schedule.

Odaily Planet Daily News According to Onchain Lens, a hacker has spent 12.5 million DAI to buy 4,863 ETH at a price of $2,569 per ETH after stealing funds from a Coinbase user. The hacker still holds a total of 45.36 million DAI in two wallets and is likely to continue to buy more ETH.

According to PANews, South Korea's BNK Financial Group has announced that its subsidiaries, BNK Financial Holdings, Busan Bank, and Kyongnam Bank, are submitting trademark applications related to a Korean won-backed stablecoin. BNK Financial Holdings has filed 11 trademark applications, while Busan Bank and Kyongnam Bank have submitted 10 and 4 applications, respectively. Additionally, Busan Bank and Kyongnam Bank have joined the Open Blockchain and Decentralized Identifier Association (OBDIA), which is preparing to issue bank-supported stablecoins.

The authorities cited the growing attention on stablecoins as a key hook used by illegal entities to lure individuals into investment scams. source: https://www.theblock.co/post/361252/shenzhen-stablecoins-crypto-fraud?utm_source=rss&utm_medium=rss

According to official news, users with Binance Alpha points greater than or equal to 202 can participate in the Palio AI (PAL) TGE event through the Alpha event page. Participating in the event will consume 15 points. According to previous news, Binance Wallet will exclusively launch the Palio AI (PAL) token TGE from 4 pm to 6 pm on July 7, 2025. Eligible users need to use Binance Alpha points to participate in the subscription.

The Thai government is implementing new policies to foster growth in the digital asset space as it aspires to become prominent in the digital finance and cryptocurrency space.   Table of contentsCrypto regulations in Thailand 2025 What is … source: https://coinpedia.org/cryptocurrency-regulation/cryptocurrency-regulations-in-thailand/

Odaily Planet Daily News: Virtuals Protocol officially released the Genesis mechanism update, saying that Virgens now has a unified interface where users can view and claim all Genesis airdrops (if eligible). Genesis airdrops will no longer be automatically issued, and users will need to manually claim if they meet the requirements.

Odaily Planet Daily News Analysis agency Jyske Markets believes that on the eve of the July 9 deadline for US tariff negotiations, the market showed some nervousness, but no panic. Jyske said that investors started the week with a wait-and-see attitude. Trump said that tariff letters will be sent as early as Monday to notify countries of new tariffs, while the US Secretary of Commerce said that tariffs will not take effect until August 1. "Although there is some nervousness today, the market's reaction to the tariff situation seems to be much more relaxed, so the panic situation after Liberation Day on April 25 is not expected to be repeated." Data this week is light, and tariffs will be the main focus. (Jinshi)

According to BlockBeats, UK-listed company Tao Alpha plans to appoint Henry Elder, head of UTXO Management BTCfi, as a non-executive director. Elder is expected to join the board following the departure of Mark Rutledge. Previously, it was reported that Tao Alpha is raising approximately $137.5 million, intending to use Bitcoin as its primary financial reserve asset. Additionally, the company will be rebranded as Satsuma, with the stock ticker SATS.L.

According to Cointelegraph, two men have been sentenced to a total of 12 years in prison by a UK court for orchestrating a fraudulent cryptocurrency scheme that defrauded victims of over 1.5 million British pounds ($2 million). The Financial Conduct Authority (FCA) announced that Raymondip Bedi and Patrick Mavanga received their sentences from a central London court after pleading guilty to multiple charges in November. Bedi was sentenced to five years and four months, while Mavanga received a sentence of six years and six months. The FCA revealed that between February 2017 and June 2019, Bedi and Mavanga were involved in a cold-calling operation that directed victims to a professional-looking website promising high returns on fake crypto investments. This scheme defrauded at least 65 investors, resulting in losses exceeding 1.54 million British pounds ($2.1 million). The funds were funneled through companies operated by the duo, including Astaria Group LLP, CCX Capital, and authorized clones of Ian Buckley Financial Services and Capital Partners Group. During the sentencing, Southwark Crown Court Judge Griffiths described Bedi and Mavanga as "leading players" in the conspiracy, which persuaded victims to invest in a fraudulent cryptocurrency consultancy. The judge noted that the pair conspired to exploit the regulatory system. Steve Smart, the FCA's joint executive director of enforcement and market oversight, stated that the duo "ruthlessly defrauded dozens of innocent victims," and their prison sentences were justified. The two men were initially charged in April 2023. In November of the previous year, the FCA reported that Bedi pleaded guilty to conspiracy to defraud, money laundering, and conspiracy to breach the UK's financial services laws. Mavanga also pleaded guilty to conspiracy to defraud and conspiracy to breach finance laws, in addition to possessing fake identification documents with improper intent. He was further convicted by a jury for perverting the course of justice by deleting phone call recordings following Bedi's arrest in March 2019. A third unnamed defendant faced a retrial in September, while Rowena Bedi, another individual charged in connection with the scheme, was acquitted of a money laundering charge.

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.

United States, policy, BTC, Trump's nuclear-level bill detonates the cryptocurrency circle: Trillions of dollars in "flooding" countdown, is Bitcoin's $100,000 just the starting point? Golden Finance, cryptocurrency comrades, fasten your seat belts!

In the world of Bitcoin, there is a special "holy grail" level: Bitcoin from the Satoshi Era, which refers to Bitcoin that was mined or traded during the period from 2009 to 2011 when Satoshi Nakamoto was still active on the network.

The cryptocurrency world is not peaceful. At least 34 kidnapping cases have occurred in 2025.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, mining information, project dynamics, technological progress and other industry dynamics.

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