Digital Euro Will Offer 'Maximum Level of Privacy,' ECB Board Member Says
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ECB defends digital euro privacy as CBDCs face global scrutiny
Piero Cipollone said the Eurosystem would not identify digital euro users as central bank digital currencies face privacy concerns worldwide.
ECB seeks online merchants for 2027 digital euro pilot
Euro-area online and mobile merchants can apply until Oct. 27 to test beta digital euro payments in a 12-month pilot.
US-listed chip, optical communication, and storage stocks rallied across the board, with CRDO rising over 11% and Western Digital gaining over 9%.
According to BlockBeats data, on July 6th, US chip stocks collectively rallied, with AMD (AMD) up 8.13%, Broadcom (AVGO) up 5.48%, Arm (ARM) up 5.39%, Qualcomm (QCOM) up 5.15%, TSMC (TSM) up 4.81%, Intel (INTC) up 3.79%, and Marvell Technology (MRVL) up 3.70%. Optical communication concept stocks led the gains, with Credo (CRDO) up 11.14%, Astera Labs (ALAB) up 10.08%, Ciena (CIEN) up 4.57%, Coherent (COHR) up 4.53%, Applied Optoelectronics (AAOI) up 4.19%, and Corning (GLW) up 3.90%. Storage stocks rose across the board, with Western Digital (WDC) up 9.11%, Seagate Technology (STX) up 5.90%, SanDisk (SNDK) up 2.41%, and Micron Technology (MU) up 1.72%.
The Russian State Duma committee recommended that the bill on criminal penalties for digital currencies be passed on its first reading, with a maximum sentence of seven years.
According to Foresight News , citing TASS, the State Duma's Committee on State Construction and Legislation has recommended the first reading of a bill that would stipulate a maximum sentence of seven years imprisonment for violating digital currency laws. In April, the Russian government proposed a new clause to the Criminal Code to punish the illegal circulation of cryptocurrency if the crime causes significant harm to individuals, organizations, or the state, or if the perpetrators profit excessively. Proposed penalties include fines of 100,000 to 300,000 rubles, or up to four years of forced labor, or up to four years imprisonment and a fine of up to 80,000 rubles. If the crime is committed by an organized group, or if the damage is particularly significant, the penalty is up to five years of forced labor, or up to seven years imprisonment, and a fine of up to 1 million rubles. The bill proposes that amounts exceeding 3.5 million rubles be considered significant losses or income, and amounts exceeding 13.5 million rubles be considered particularly significant losses or income.
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.
US stocks opened higher across the board, with Western Digital rising more than 5%.
According to Mars Finance, on July 6th, US stocks opened with the Dow Jones Industrial Average up 0.11%, the S&P 500 up 0.32%, and the Nasdaq Composite up 0.78%. Chip stocks collectively rose, with SanDisk (SNDK.O) up 4% and Western Digital (WDC.O) up over 5%. Broadcom (AVGO.O) rose 3.5% after extending its partnership agreement with Apple until 2031.