Israel’s Largest Bank Will Give Bitcoin Trading Another Try
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Israel’s largest bank taps Galaxy to offer Bitcoin, Ether, Solana trading
Bank Leumi customers will be able to buy, hold and sell three major cryptocurrencies directly through the bank’s investment app beginning in early 2027.
The People's Bank of China and Hong Kong regulators support the joint establishment of a fixed-income and currency electronic trading platform in Hong Kong.
PANews reported on July 7 that the People's Bank of China, the Hong Kong Monetary Authority, and the Hong Kong Securities and Futures Commission jointly announced their welcome to the China Foreign Exchange Trading Center and the Hong Kong Stock Exchange for jointly establishing a Hong Kong electronic fixed income and currency trading platform. This initiative aims to deepen cooperation between the mainland and Hong Kong financial markets and consolidate Hong Kong's position as an international financial center and offshore RMB business hub. The announcement stated that the platform will be based in Hong Kong, oriented towards the international market, and will adhere to international market standards and Hong Kong regulatory requirements. It will strive to create an open, fair, efficient, and stable fixed income and currency trading infrastructure, and will enhance trading efficiency and transparency, promote price discovery, reduce transaction costs, and explore technological innovation to empower financial services. The specific launch date of the platform will be announced in due course.
Another Bitcoin Miner Sells Off BTC to Fund AI Data Center Pivot
Bitcoin miner Hyperscale sold most of its Bitcoin but said it plans to rebuild its holdings through mining and future purchases.
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.
South Korea's Ministry of Finance: Will closely monitor stock market volatility risks
According to Mars Finance, citing Gate data, South Korea's Ministry of Finance stated on Wednesday that Finance Minister Koo Yoon-cheol, following a meeting with the central bank governor and heads of financial regulatory agencies, agreed to closely monitor risk factors that could exacerbate stock market volatility. The Ministry of Finance stated that increased stock market volatility stemmed from profit-taking by foreign investors and institutions, portfolio rebalancing, and changes in expectations for the global AI sector. In early trading today, the South Korean KOSPI index fell as much as 4%, hitting its lowest level since May 20th, before rebounding, driven by a rally in chip stocks. The Ministry of Finance pointed out that increased concentration in the semiconductor industry has become a factor exacerbating financial market volatility.
Tether makes a $20 million strategic investment in Mercado Bitcoin to accelerate on-chain infrastructure development in Latin America.
Mars Finance reports that stablecoin issuer Tether has announced a $20 million strategic funding round for Latin American on-chain financial services platform Mercado Bitcoin. This funding will support Mercado Bitcoin's development in asset tokenization, payments, lending, capital markets, and compliant digital financial services. Founded in 2013, Mercado Bitcoin has expanded from a digital asset trading platform into a comprehensive on-chain financial infrastructure platform, covering trading services, tokenized investment products, lending, stablecoin payments, banking infrastructure, and cross-border financial services. The funds raised will primarily be used to expand payment infrastructure, increase the scale of tokenized products for institutional and retail investors, develop lending business, advance on-chain capital markets, seek strategic partnerships, and drive international expansion.