Gate Ventures: Inflationary pressures impact the market, prompting institutions to accelerate their deployment of stablecoins and on-chain financial infrastructure.
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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.
South Korean beauty and retail stocks led the market gains, and Gate.com continues to expand its investment portfolio in South Korean stocks.
According to ChainCatcher, Gate's market data shows that the South Korean stock market was active today. Manyo Factory, a cosmetics stock, reached $11.60, up 18.43%; Heung Koo Petroleum reached $6.88, up 14.72%; and IT'S HANBUL reached $7.25, up 13.51%, with several popular South Korean stocks leading the market gains. Gate has established a 24/7 trading service system covering the three core markets of US, Hong Kong, and South Korea, supporting over 10,000 US stocks and ETFs, over 1,500 Hong Kong stocks, and over 1,000 South Korean stocks, totaling over 12,500 stocks and ETFs globally. Users can participate in global stock investment through their Gate unified account using USDT, supporting fractional share transactions starting from as low as 0.01 shares, and enjoying stock dividend rights. The platform also supports cross-brokerage transfers for US and Hong Kong stocks, as well as corporate actions such as stock splits and consolidations, further optimizing the stock investment service experience.
Trump pressures retailers to cut prices to combat inflation, demanding supermarkets lower beef prices.
According to a report by the WSJ on July 8th, the Trump administration recently pressured major supermarket chains such as Walmart, Kroger, and Albertsons to lower beef prices during the Independence Day shopping season to alleviate food inflation pressures. Walmart subsequently announced price reductions on thousands of items, with ground beef prices dropping by up to 12%. Trump later stated that Walmart was lowering prices "at the request of the government" and called on other retailers to follow suit. This action is part of the Trump administration's efforts to control inflation. In addition to pushing for lower food prices, Trump has previously called for lower gasoline prices, capped credit card interest rates, and reduced drug prices, hoping to alleviate voter dissatisfaction with high prices before the midterm elections. However, with U.S. cattle herds at a 75-year low, tight supply continues to push up beef prices. U.S. ground beef prices rose 12% year-on-year in May, indicating that food inflation pressures have not yet fully eased.
Bitcoin bullish sentiment was supported by a decline in inflation expectations, with the market focusing on the July CPI data.
According to Mars Finance, the cryptocurrency market continued its stabilizing trend, with Bitcoin rising nearly 7% in the week ending July 5th, marking its strongest weekly performance since March. This surge was primarily driven by declining inflation expectations. The break-even inflation rate, a measure of market inflation expectations, has recently declined significantly, with the two-year indicator falling below 2%, approaching the Federal Reserve's inflation target level, and long-term inflation expectations also weakening. Simultaneously, WTI crude oil prices have fallen in tandem with inflation expectations, dropping to levels similar to those before the geopolitical conflict in February, prompting the market to reassess inflationary pressures, interest rate cut expectations, and the dollar's trajectory. Some analysts believe that a weaker dollar index (DXY) will further reduce resistance to Bitcoin's rise, as the two typically have a negative correlation. However, others caution that service sector inflation remains sticky, and declining oil prices do not necessarily indicate a reversal in the overall inflation trend; monetary policy may continue to maintain a "higher and longer" stance. The next key market juncture is the US June CPI data on July 14th, which could be a crucial catalyst for determining the inflation path and the direction of risk assets.
Fengcheng Holdings surged nearly 27%, Gate.com provides one-stop insights into Hong Kong stock market hotspots.
According to Odaily Odaily, some popular stocks in the Hong Kong stock market performed actively today. Data from the Gate platform shows that the top three gainers in the Hong Kong stock market are Fengcheng Holdings (+26.66%), Zhida Technology (+23.84%), and China Huajun (+20.53%). Among them, Fengcheng Holdings' single-day increase of nearly 27% reflects the market's continued focus on highly volatile Hong Kong stocks. Gate.com has established a 24/7 trading service system covering three core markets: US stocks, Hong Kong stocks, and Korean stocks. It supports over 10,000 US stocks and ETFs, over 1,500 Hong Kong stocks, and over 1,000 Korean stocks, totaling over 12,500 stocks and ETFs globally. Users can participate in global stock investment through their Gate.com unified account using USDT, supporting fractional share transactions starting from as low as 0.01 shares, and enjoying stock dividend rights. The platform also supports cross-brokerage transfers for US and Hong Kong stocks, as well as corporate actions such as stock splits and consolidations, further optimizing the stock investment service experience.
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.