Daily Quotes (July 7, 2025 20:15)
ChainDD's market data on July 7 shows that the combined DD index and CoinMarketCap quotes are:
BTC was at $109,041.47, up about 0.78% in 24 hours;
ETH was at $2,563.79, up about 1.87% in 24 hours;
BNB was at $661.15, up about 0.80% in 24 hours;
DOGE was at $0.1714, up about 4.39% in 24 hours;
SOL was trading at $151.22, up about 2.69% in 24 hours.
Cryptocurrency News
US SEC filing: Strategy's digital assets valued at $64.36 billion as of June 30
SEC filings show that as of June 30, Strategy's (MSTR.O) digital assets were worth $64.36 billion.
Director of Invest Hong Kong: There are currently quasi-stable currency operators negotiating to settle in Hong Kong
According to the (Hong Kong Economic Journal), Liu Kaixuan, Director of the Hong Kong Investment Promotion Agency, said that there are currently quasi-stablecoin operators negotiating with their financial teams about the opportunity to settle in Hong Kong. It is expected that relevant companies will be established shortly after the (Stablecoin Ordinance) takes effect next month. Liu Kaixuan said that in the past two and a half years, 630 mainland companies have settled in Hong Kong, accounting for about 48%; due to national policies to support companies to go overseas, Hong Kong will become a springboard, and it is believed that among the companies settling in Hong Kong in the future, mainland companies will still account for a certain proportion.
Wuxi Municipal Party Committee Reform Task Promotion Meeting: Exploring Practical Paths for Stablecoins to Empower Foreign Trade Development
According to the Wuxi public account, Wuxi Municipal Party Committee Secretary Du Xiaogang presided over a special meeting to promote the city's key reform tasks. The meeting required that the whole city should use reform thinking and reform methods to "resolve pain points", "unblock blockages" and "solve difficult points" to continuously release the driving force and vitality for stable growth of foreign trade, explore practical paths for stable currencies to empower foreign trade development, continuously expand the growth space of digital trade, green trade, and service trade, and improve the development level of cross-border e-commerce, intermediate product trade, and offshore trade.
Ukraine's president signs new order to sanction 60 companies that helped Russia circumvent sanctions through cryptocurrencies
Ukrainian President Zelensky signed a new sanctions order, sanctioning 60 companies that assisted Russia in circumventing sanctions through cryptocurrencies, of which 55 were Russian companies, including mining companies, exchanges and payment infrastructure companies. Another 5 companies from Cyprus, Kazakhstan and the UAE were also included in the list, some of which have been sanctioned by the United States. Zelensky said that as Russia's traditional financial channels are blocked, its trend of turning to crypto transactions is obvious, and Ukraine will close all such funding channels.
Hong Kong virtual asset OTC trading custody services to be primarily regulated by the Securities and Futures Commission rather than the Customs
Last year, when the Hong Kong Treasury Department consulted the public on virtual asset over-the-counter (OTC) transactions, it proposed that the Commissioner of Customs and Excise issue licenses and that the Customs and Excise Department regulate virtual asset OTC services. Hong Kong Treasury Secretary Paul Chan explained that when the proposal to hand over OTC to the Customs for regulation was made, some Legislative Council members expressed different opinions, including concerns about regulatory arbitrage. Later, it was found that the market operation model was more complicated than originally imagined. Some OTC institutions not only operated OTC services but also provided custody services. Therefore, they hoped to centrally regulate related transactions. Now the Hong Kong Securities and Futures Commission is defined as the main regulator. If (the service) involves banks at that time, the HKMA will be the front-line regulator.
Xu Zhengyu also added that regardless of whether virtual asset service providers will eventually be treated as licensed, full expectations will be given to ensure that there are sufficient regulatory and other resources to process license applications.
FTX creditor representative: The total amount of claims allowed is expected to be US$11 billion, and the total amount of judicial restricted claims is US$470 million
FTX creditor representative Sunil updated the FTX claim distribution information on the X platform. The total amount of restricted jurisdiction claims was US$470 million. China was the largest holder of FTX claims, with US$380 million in claims (accounting for 82% of restricted claims).
There are $290 million in outstanding KYC claims (Bahamas), $660 million in disputed claims, $1.4 billion awaiting claims resolution, and a final estimate of $11 billion in allowed claims.
Pop Mart investor Mai Gang: I have a special liking for Bitcoin, the key lies in the pursuit of essential issues
In a recent interview with a podcast, Mai Gang, the first investor of Pop Mart, said, "Bitcoin is a very important experience in my career. Once, when I was participating in the Renmin University Alumni Forum, the host asked me why I had a special liking for Bitcoin, but various big names such as the chief economist did not grasp or see it? First of all, I am definitely not a top student. Second, I am not a poor student. As a result, I only remember the most important things taught by the teacher, that is, common sense or truth. So when we studied monetary banking, economics, etc., which are courses that every college student (studying finance) will have, it is actually very simple to look at Bitcoin from this perspective. Of course, it must also be a lot of interdisciplinary knowledge, etc., and you don’t need a doctorate to understand it. I think the pursuit, questioning and persistence of essential issues are very rare and important. What it is is the most important thing."
Shanghai: Organize and implement major new infrastructure demonstration projects such as blockchain technology applications
The General Office of the Shanghai Municipal People's Government issued (Shanghai's Several Measures to Promote the High-Quality Development of the Software and Information Service Industry). The content mentioned the introduction of public data authorization operation management methods to accelerate the cultivation of public data "data usage" scenarios in the fields of medical care, education, finance, scientific research, etc. Financial institutions are encouraged to pilot data asset pledge loans. Organize and implement major new infrastructure demonstration projects such as blockchain technology applications and medical data empowerment pilots. Explore and promote the establishment of a corpus venture capital fund, pilot corpus valuation and other new investment models, and explore corpus development and sharing income distribution mechanisms. Focusing on industrial manufacturing, online new economy and other fields, support the construction of a number of trusted data spaces.
