Daily Market Update (July 8, 2025, 21:40)
ChainDD market update on July 8 shows, integrated Dede Index and CoinMarketCap quotes:
BTC is priced at $108,698.58, up about 0.43% in the last 24 hours;
ETH is priced at $2,573.40, up about 0.68% in the last 24 hours;
BNB is priced at $660.32, down about 0.17% in the last 24 hours;
DOGE is priced at $0.1701, up about 0.31% in the last 24 hours;
SOL is priced at $151.68, up about 0.08% in the last 24 hours.
Crypto Market Updates
Ethereum execution clients support historical data pruning, significantly saving node storage space.
The Ethereum Foundation announces that starting today, all Ethereum execution clients now support pruning of historical data prior to the merge, reducing the disk space required for running nodes on the mainnet by 300-500 GB.
It is reported that this upgrade does not affect the normal operation of full nodes and validators, but only brings savings in storage space. Users and application developers that need access to complete historical data will need to gradually turn to external historical data providers. This move is the first step in Ethereum's push for the 'historical data expiration' mechanism defined in EIP-4444, aimed at optimizing network storage efficiency.
Robinhood CEO: Received numerous requests from companies to issue tokenized stocks.
Robinhood CEO Vlad Tenev stated in a recent interview that they have received a large number of requests from private companies wanting to issue blockchain-based tokenized stocks through their platform, allowing retail investors to invest in their stocks. Currently, Robinhood only offers tokenized stock trading in the EU, providing over 200 types of tokenized U.S. stocks, available for trading five days a week. Vlad Tenev added that Robinhood's long-term goal is to include thousands of private companies on its platform.
Pakistan establishes digital asset regulatory authority PVARA.
The federal government of Pakistan has established the Pakistan Virtual Asset Regulatory Authority (PVARA) to oversee the country's digital asset industry. PVARA will function as an independent regulatory authority, responsible for issuing licenses to virtual asset service providers, supervising and managing them, while ensuring compliance with international standards, including following the guidelines of the Financial Action Task Force (FATF).
Trump announces a 36% tariff on imports from Thailand.
U.S. President Trump stated that starting August 1, a 36% tariff will be imposed on imported products from Thailand.
According to Reuters, Thai Deputy Prime Minister and Finance Minister Pichai stated on the social platform X on the 8th that the negotiation team has been fighting and will continue to fight. They will stick to fighting for the best deal for Thailand.
Robinhood begins engaging with European regulators to clarify its recently launched tokenized stocks.
Robinhood has begun engaging with European regulators to clarify its recently launched tokenized stocks. The company is responding to inquiries from regulatory entities like the Bank of Lithuania regarding the structure of its tokenized stocks and whether it blurs the line between actual equity and derivatives.
According to previous news, Robinhood's stock tokens are under EU scrutiny. The Bank of Lithuania stated that it has contacted Robinhood and is awaiting clarification on the structure of its OpenAI and SpaceX stock tokens. Currently, Robinhood has not commented on this. A spokesperson for the Bank of Lithuania, Giedrius Šniukas, stated that the legality and compliance of these specific instruments can only be assessed after receiving and evaluating this information, and the information provided to investors must be clear, fair, and not misleading.
U.S. Treasury Secretary plans to meet with Chinese officials in the coming weeks to promote consultations on trade and other issues.
U.S. Treasury Secretary Yellen stated on July 7 that he expects to meet with Chinese officials in the coming weeks to promote consultations on trade and other issues. 'I will meet with my Chinese counterparts sometime in the coming weeks.'
Yellen stated during an interview with CNBC that, 'We had very good talks in Geneva and London earlier, and both sides maintained a high degree of respect.' 'If the Chinese side is willing, the U.S. and China can cooperate in more areas.' Yellen mentioned that both sides will discuss expanding the scope of cooperation from trade to other areas.
The usage scale of stablecoins in Yiwu is far below rumors, only a few merchants accept them.
The actual usage of stablecoins in the Yiwu market is far from the previously rumored scale of 'over 3,000 merchants using USDT, with monthly transactions exceeding $1 billion.' Currently, only a few individual merchants are trying to accept USDT and other stablecoins as a settlement method, and the overall usage is relatively sporadic, not yet forming a mainstream payment channel.