Doha negotiators have reached a preliminary agreement to release $3 billion to Iran.
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Binance Research released a stablecoin industry report: platform stablecoin reserves reached $53 billion, with market share rising to 57%.
Odaily Odaily that Binance Research has released an industry report titled "Stablecoins: Reshaping the Financial Landscape." The report shows that as of now, Binance's stablecoin reserves have reached $53 billion, increasing its market share from 54% to 57%, approximately $42 billion higher than the second-largest exchange. Meanwhile, in the first five months of 2026, the cumulative trading volume of TradeFi-related perpetual contracts exceeded $1.1 trillion, with Binance accounting for over $500 billion, representing approximately 47% of the market share. Furthermore, since 2022, Binance Wealth Management has distributed $1.2 billion in yield to over 14 million stablecoin users; BNB Chain sees 10 million daily stablecoin transactions and 15 million monthly active addresses, representing a market share of approximately 24% by transaction volume. The report points out that stablecoins are evolving from crypto asset trading tools into a crucial global financial settlement infrastructure, and Binance has built a one-stop stablecoin financial ecosystem covering trading, payments, yields, investment, and on-chain ecosystem.
Figure released its Q2 operating data: transaction volume reached $4.26 billion, a year-over-year increase of 132%.
According to Mars Finance, Figure released preliminary operating data for June and the second quarter, both exceeding the upper limit of its previous guidance. The data shows that Figure's market transaction volume in the second quarter was $4.26 billion, a year-on-year increase of 132%; of which, the transaction volume in June alone was $1.52 billion, a month-on-month increase of 8% and a year-on-year increase of 155%. Figure also announced that it will transform to adopt a near-real-time operational transparency reporting model and launch a weekly updated dashboard to provide more direct visibility into market size.
Trump says the temporary ceasefire agreement between the US and Iran has ended.
BlockBeats reported on July 8 that US President Trump stated that the temporary ceasefire agreement he reached with Iran had ended, increasing the possibility of a renewed military conflict between the two countries. "For me, I think it's over," he said at the annual NATO summit on Wednesday. "As far as I'm concerned, it's just a waste of time." Trump's remarks came shortly after the US launched a new wave of strikes against Iran and revoked waivers allowing the sale of Iranian oil. These actions were a response to the recent attacks on ships in the Strait of Hormuz, bringing new volatility to energy markets and testing the already fragile peace agreement between the US and Iran. Trump stated, "I don't want to deal with them, but they're scum. You know what scum is? They're scum. They're sick people, led by sick people, they're vicious and violent people, and if they had nuclear weapons, they would use them." However, Trump indicated he would not prevent negotiators from continuing contact, although he expressed pessimism about this strategy. He said, "They have problems, they're crazy. They can talk, but I think they're wasting their time." (Jinshi)
A total of 41.8% of the circulating supply was destroyed; weekly agreement fees reached $7.2 million.
Odaily Odaily reports that Sapijiju posted on the X platform, announcing the release of the first official weekly report. From June 29th to July 5th, the total fees for the Bonding Curve, PumpSwap, and Terminal protocols amounted to $7.2 million, with 50% of the net fees used for PUMP buybacks and burns. In the past seven days, approximately $3.7 million worth of PUMP has been bought back and burned, bringing the cumulative burned supply to 41.8%. Bonding Curve's weekly trading volume reached $553 million, and PumpSwap's reached $1.65 billion. The previously launched Tokenized Agent launch option has been removed based on community feedback. Pump App's new Swap service has been launched, reducing transaction speed from 1-2 seconds to 300-400 milliseconds. After the launch of the low KYC deposit channel, the platform's daily deposit trading volume has increased by approximately 21%. Terminal launched an offline token tagging function, reduced the JS package size by 35%, and added active viewers, wallet filtering, and OG filtering to its search function. Since the launch of GO, related posts have received over 18 million views, and approximately 3,000 bounty tasks have been created, receiving 18,000 submissions and paying out over $600,000 in rewards.
Samsung will release its preliminary Q2 financial results tomorrow: profits are expected to surge 18 times, with executives boasting that "one year's profits are equivalent to 40 years' worth."
According to BlockBeats, Samsung Electronics will release its preliminary Q2 2026 results on July 7th, while SK Hynix will list its ADRs on Nasdaq on July 10th. With these two major events for South Korea's semiconductor giants, the market is highly focused on the industry's health and the impact of AI chip demand on earnings. According to a compilation of forecasts from 30 analysts by the London Stock Exchange Group (LSEG), Samsung Electronics' Q2 operating profit is expected to be approximately 86 trillion won (about US$56.3 billion), with some brokerages predicting as high as 90 trillion won, representing a year-on-year increase of approximately 17-18 times, potentially marking its best quarterly performance in recent years. Prior to the preliminary earnings release, Samsung Electronics management has already released positive signals. Kim Yong-kwan, President of Business Strategy for Samsung Electronics Device Solutions (DS) division, stated at an internal all-hands meeting on July 3rd that the company's full-year 2026 operating profit is expected to meet market consensus expectations. Currently, the market generally expects Samsung Electronics' full-year operating profit to be approximately 300 trillion won (about US$200 billion), with improvements in AI servers, high-bandwidth memory (HBM), and wafer foundry business considered the main drivers of growth. Kim Yong-kwan also stated, "This year's profit will exceed the total cumulative profit of our 40 years in the semiconductor business." Industry insiders believe this is a rare instance of Samsung Electronics management proactively making a positive statement about the full-year profit outlook before officially disclosing the results, reflecting the company's strong confidence in the recovery of its AI-driven semiconductor business and its overall performance growth for the year. With the release of Samsung's financial report and the upcoming listing of SK Hynix's ADRs, the South Korean semiconductor sector will be entering its most important market observation window in the near future.
Iran condemns the United States and its allies for violating the interim agreement.
According to Mars Finance, on July 8, the Iranian Foreign Ministry stated that violations of Iran's arrangements in the Strait of Hormuz and Israel's continued attacks in Lebanon are rendering the interim agreement ineffective.