Daily Market (July 8, 2025, 10:20 AM)
ChainDD market data for July 8 shows a comprehensive index and CoinMarketCap quotes:
BTC is reported at $108,246.26, down about 0.53% in 24 hours;
ETH is reported at $2,538.46, down about 0.94% in 24 hours;
BNB is reported at $661.23, down about 0.04% in 24 hours;
DOGE is reported at $0.1676, down about 2.05% in 24 hours;
SOL is reported at $149.14, down about 1.32% in 24 hours.
Cryptocurrency Circle Dynamics
Japanese Prime Minister: The U.S.-Japan parties have not yet reached an agreement, and Japan should not make concessions easily
Japanese Prime Minister Shigeru Ishiba stated that due to Japan's insistence on defending its interests, the (U.S.-Japan) parties have not yet reached an agreement. Japan will continue to engage in dialogue with the U.S. to seek a mutually beneficial agreement.
After past negotiations with the U.S., Japan successfully avoided a tariff increase to 30% to 35%. The U.S. has proposed to continue talks until the new August 1 deadline.
The U.S. announcement of increased tariffs is deeply regrettable. So far, no agreement has been reached because Japan and the U.S. have had difficult negotiations, and Japan believes it should not make concessions easily.
The EU has issued MiCA licenses to 53 cryptocurrency companies, with Tether and Binance not included.
Latest data shared by Circle executive Patrick Hansen shows that the EU has currently issued MiCA licenses to 53 institutions, allowing them to operate across 30 countries in the European Economic Area without the need for individual applications.
Among them, 14 companies are permitted to issue stablecoins or electronic money tokens (EMTs), including Circle, Crypto.com, Société Générale, Stablemint, Quantoz, and StablR; Tether, as the issuer of USDT, has not yet obtained compliance permission and is not on the list.
Additionally, the 39 approved cryptocurrency asset service providers (CASPs) include BBVA, Robinhood, Coinbase, Kraken, and OKX. Binance does not appear on this list.
ByteDance denies that Oracle and others will acquire TikTok's U.S. operations
There are reports that ByteDance has agreed to sell TikTok's U.S. operations to an American consortium led by Oracle while retaining a minority stake. In response, ByteDance stated that this information is not true.
Trump further announces a maximum 40% tariff increase on five countries
U.S. President Trump announced that starting August 1, the U.S. will impose a 25% tariff on Malaysia and Kazakhstan, a 30% tariff on South Africa, and a 40% tariff on Laos and Myanmar. Previously, the White House stated that Trump would sign an executive order extending the tariff negotiation deadline to August 1.
U.S. SEC confirms receipt of Truth Social's application for a spot Bitcoin and Ethereum ETF
The U.S. SEC has confirmed receipt of Truth Social's application for a spot Bitcoin and Ethereum ETF.
Trump announces a 25% tariff on South Korea and Japan
U.S. President Trump announced a 25% tariff on South Korea, stating that he will impose a 25% tariff on Japan.
Robinhood's tokenized stocks face EU scrutiny, and the Lithuanian central bank requests clarification
After a warning from OpenAI, Robinhood's stock tokens face EU scrutiny. The Lithuanian central bank stated that it has contacted Robinhood and is waiting for clarification regarding its OpenAI and SpaceX stock token structures. Robinhood has not yet commented on this.
Russia establishes a registration system for cryptocurrency mining equipment to strengthen regulation
As one of the measures taken in recent years in the cryptocurrency sector, the Russian Ministry of Energy announced the establishment of a register for cryptocurrency mining equipment to identify and regulate mining operations and subject them to new tax and regulatory rules. The relevant register has reportedly been distributed to areas with frequent mining activities and will help authorities track and monitor miners' energy consumption.
