The yen surged unexpectedly, leading to market speculation that Japan's strategy has shifted towards a "surprise attack" approach.
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Strategy’s $66B Bitcoin machine hinges on capital markets, not BTC price: Report
Strategy’s biggest risk may not be a Bitcoin crash, but losing access to the capital markets that help it service $1.76 billion in annual obligations.
Cryptocurrency stocks fell in pre-market trading; STRATEGY down 4.1%.
According to data from Odaily Odaily, cryptocurrency stocks fell in pre-market trading, following Bitcoin's more than 2% decline. COINBASE GLOBAL fell 3.5%, BIT DIGITAL declined 3.6%, and STRATEGY fell 4.1%. RIOT PLATFORMS fell 4.4%, HUT 8 CORP fell 4.9%, and MARA HOLDINGS fell 3.5%.
EVAA Protocol has released a teaser for its AI Agent, sparking community speculation that it may bring a brand-new AI interactive experience to TON DeFi.
BlockBeats reported on July 8th that EVAA Protocol, a lending protocol within the TON ecosystem, released its first teaser video for its AI Agent, announcing its upcoming launch and inviting the community to guess its core functions. Those who guess correctly will have a chance to win rewards. The official video clip shows messages such as "Connecting to TON network" and "Liquidity synced," and displays the product deployment progress in the format "Deploying EVAA_AGENT.exe," sparking community speculation. The product may revolve around AI-driven DeFi interactions within the Telegram ecosystem. Whether it will involve liquidity management, lending optimization, or other functions remains to be officially announced. EVAA Protocol is one of the leading DeFi lending protocols within the TON ecosystem, committed to providing users with secure and efficient decentralized lending and liquidity services. With the continued development of Telegram and the TON ecosystem, EVAA is constantly expanding the integration of AI and DeFi. EVAA Protocol's signal regarding its AI Agent not only leaves room for speculation about product iterations but also raises market expectations for how AI will further lower the barriers to entry in DeFi and reshape the on-chain asset management experience. On June 9th, The Open Network community voted to rename the network's native token from Toncoin to Gram, and the token code will also be changed from TON to GRAM.
Alibaba shares surged over 11% in pre-market trading in the US.
According to ChainCatcher, Gate market data shows that Alibaba (BABA.N) shares rose more than 11% in pre-market trading.
Gate Founder Dr. Han: Gate's early completion of MiCA licensing will push the European crypto market towards fair competition.
According to ChainCatcher, CoinDesk reports that with the full implementation of the EU's Crypto Asset Market Regulation (MiCA), the European digital asset market has entered a new era of unified regulation. Regarding the impact of MiCA on the industry landscape, Gate founder and CEO Dr. Han stated in an interview that Gate began its European compliance preparations several years ago and completed its MiCA and Payment Institution (PI) license preparations ahead of schedule in 2025. He pointed out that the significance of MiCA lies not only in establishing a unified regulatory framework, but more importantly, in putting all market participants on a level playing field. "Only when all platforms adhere to the same rules can the industry truly compete around products, services, and user experience." He also stated that if unauthorized platforms continue to provide services to European users, a level playing field will remain a challenge, making effective regulatory enforcement equally crucial. Currently, Gate Europe is leveraging its MiCA and PI licenses to continuously improve its compliance system, risk management, and operational governance capabilities, and is continuously deepening its global compliance strategy. In addition to Europe, multiple Gate entities have completed relevant regulatory registrations, license applications, or obtained authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, the United States, Australia, and Dubai. Through multi-regional regulatory approvals, Gate has solidified its global business foundation and continues to provide global users with safer, more transparent, and more efficient digital asset services. Looking ahead, Gate will continue to adhere to a parallel development strategy of compliance and innovation, promoting the long-term healthy development of the digital asset industry through superior product experiences and global service capabilities.
Stablecoin cross-border flows surge 78%, defying crypto bear market
Cross-border stablecoin transfers surged as the wider crypto market shrank 37%, with Chainalysis pointing to growing use for trade, remittances and savings.