❤️Today, the sentiment in the cryptocurrency market continues to heat up, with the Fear and Greed Index rising to 66 (up from 65 yesterday), indicating that the market has entered a state of 'Greed'.

Meanwhile, the controversy over the distribution of FTX's debts has escalated. The latest developments announced by creditor representative Sunil have sparked dissatisfaction, as hundreds of Chinese users have been excluded from compensation due to 'nationality' or 'legal uncertainty'. A Chinese creditor who goes by the name Will revealed that over 500 people have gathered and hired a team of American lawyers, planning to legally challenge the latest decision made by the FTX management team. He stated, 'We are just asking for fairness and do not accept being treated differently based on birthplace or legal definitions.'

This incident has not only plunged the FTX liquidation case back into a complex whirlpool but has also raised concerns within the cryptocurrency industry regarding international legal collaboration and judicial transparency. Especially against the backdrop of increasing regulations in multiple countries, how to safeguard the rights of global users has become a key component in rebuilding trust within the industry.

Additionally, according to foreign media reports, the minutes from the Federal Reserve's June meeting will be released at 2:00 AM Beijing time on July 11 (Thursday), and investors are closely watching for any signals of an impending interest rate cut. In the June meeting, the Federal Reserve kept the interest rate unchanged at 4.25% to 4.50% and hinted at possibly two rate cuts within the year. If the minutes show that the Federal Reserve holds an optimistic view on inflation improvement and expects to have sufficient data to make decisions before summer, it may strengthen the market's expectations for a rate cut in September.