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Last Night’s Crypto Highlights — Catch up fast

🚨A collection of last night's Crypto breaking news, get the market focus in 1 minute! 1⃣ #BTC and #ETH fluctuated slightly, while #SOL rose strongly by over 3%. The market continued to chase the positive news of ETFs, and FOMO sentiment increased. 2⃣ The legendary cryptocurrency #MYX has skyrocketed over tenfold in two days, currently trading at 14.1U, with a market capitalization of $14.2 billion. Some get rich quick, while others are wiped out. This is how the crypto works. 3⃣ AI coin #WLD soared by over 70%, possibly due to the transformation of US stock OCTO into the WLD treasury, which soared by over 30 times in a single day, and the sentiment was extremely FOMO. 4⃣ South Korea's largest exchange, Upbit, launched the Ethereum L2 network #GIWA testnet. This chain is built on the OP Stack. OP initially rose, then fell, and was completely unsuccessful in driving the market. Stay tuned, there are many new coin opportunities on this new chain! 5⃣ #HYPE broke through 51U and continued to set new highs. Yesterday, several well-known project parties competed for its stablecoin issuance rights, which became a hot topic. 6⃣Binance, OKX, and others announced the launch of #LINEA spot trading. OKX Boost's first X Launch project is actually Linea. You can still participate now, even a small amount is worth it. 7⃣ The game can continue! Cathie Wood continues to increase her holdings in ETH reserve concept stocks. Her Ark Invest increased its holdings of BMNR worth $4.46 million yesterday. 8⃣ #NFT trading platform Opensea is too slow to act, and its success is over! It announced details of the SEA token in early October. 9⃣Nasdaq submitted an application to the SEC to list tokenized stocks. It is not certain whether it will be issued on Ethereum. As a financial infrastructure, this is bound to be a focus of hype! 🔟AI analysis of market trends: ——BTC maintains range-bound fluctuations, with intense short-term bull-bear game. Focus is on the 110k-113k support and 114k-117k resistance range. The market is cautiously awaiting guidance from the Federal Reserve's interest rate cut and non-farm payroll data. ——ETH performance is relatively weak, with whale facing high-leverage long and short positions, and funds are rotating to SOL in the short term; ——Overall funds flowed into mainstream coins, while Altcoin showed differentiated performance. Funds for some explosive varieties (MYX, WLD) were active, and the short-term market sentiment tended to favor quick in and quick out operations.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-08 20:33

Report: TradeFi contract trading volume accounted for 11% of total contract trading volume in the first five months of 2026.

According to a recent stablecoin industry report released by Binance Research on July 8th, in the first five months of 2026, TradeFi-related perpetual contracts accounted for approximately 11% of the total perpetual contract trading volume, with a cumulative trading value exceeding $1.1 trillion. Binance's trading value exceeded $500 billion, representing a market share of approximately 47%.

07-08 20:31

The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.

According to Mars Finance, the legal team of the Bank of Korea has published a research paper titled "Regulatory Scheme for Foreign Remittance Transactions Targeting Stablecoins," proposing regulatory recommendations for large-scale stablecoin transactions. The paper, referencing current South Korean foreign exchange control regulations, proposes constraints on stablecoin transfers exceeding $10,000 between individuals, requiring such transactions to be conducted only between officially certified wallets, along with a pre-reporting mechanism. The institution acknowledges that there are technical obstacles to fully controlling unregistered wallets, but due to anti-money laundering compliance requirements, it is necessary to strengthen restrictions on large-scale cross-border stablecoin fund flows. South Korean regulators have previously repeatedly stated the need to improve the monitoring system for cross-border crypto asset transactions using non-custodial wallets; this paper further refines and implements the regulatory approach.

07-08 20:22

Gate responded to online rumors of user asset theft: An urgent investigation is underway, and preliminary assessments indicate it is an isolated incident.

According to Foresight News , Gate responded to online reports of user assets being stolen, stating that the incident shows the customer made a withdrawal between 3:00 PM and 4:00 PM on July 7th, and reported the loss to online customer service at 5:00 PM on July 8th. Gate has initiated an investigation, and the incident is currently under urgent investigation. Preliminary assessments indicate it is an isolated case, there are no system security vulnerabilities, and the website is operating normally. Preliminary investigations suggest this incident may be related to a leak of user information; the specific details are under investigation. Gate will disclose further details as soon as the investigation concludes.

07-08 20:19

Justin Sun has staked $430 million in Ethereum on Lido, yielding an annualized return of approximately $9.5 million.

According to Odaily Lens monitoring, Justin Sun Sun has been continuously staking ETH through Lido Finance. 23 hours ago, Justin Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total staked ETH on Lido to 247,436 stETH, currently valued at approximately $430.2 million. Data shows that since February 2023, this staking position has generated a total of 11,307 stETH staking profits, worth approximately $26.82 million. Based on the current profit level, Justin Sun position has an annualized return of approximately $9.5 million.

07-08 20:17

Guangdong: By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced.

According to Mars Finance, 11 departments, including the Guangdong Provincial Government Service and Data Management Bureau, recently issued the "Guangdong Provincial Action Plan for Promoting the Digital Transformation of Cities and Building Smart Cities." The plan emphasizes using cities as comprehensive carriers for the construction of Digital Guangdong, promoting infrastructure connectivity, data integration, platform interoperability, business integration, and a smooth ecosystem. It also aims to actively explore future-oriented smart city management models and achieve high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area smart city cluster. By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced, the level of efficient digital governance will be greatly improved, digital public services will be more efficient and convenient, the momentum of digital economic development will be fully released, and the digital ecosystem will be comprehensively and collaboratively guaranteed. A number of effective and replicable typical application scenarios for digital transformation will be implemented, with Guangzhou, Shenzhen, Foshan, and Dongguan taking the lead in building efficient smart governance systems and implementing a number of advanced, usable, and independently controllable large-scale urban models. By 2030, no fewer than 10 cities will have achieved full-area digital transformation, achieving an overall leap in the digital transformation of cities throughout the province, forming a number of new smart city benchmarks and digital China city models with regional competitiveness and national influence. (Cailian Press)

07-08 20:10

Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.

Odaily Odaily that Morgan Stanley reiterated its "Overweight" rating on Rocket Lab (RKLB) and maintained its target price of $105, but raised its most bullish target price from $185 to $293. Morgan Stanley analysts believe that the acquisition of Iridium will expand Rocket Lab's potential market space and reposition the company as a vertically integrated space platform. While SpaceX has significant scale and cost advantages over Rocket Lab, the latter is moving closer to the former's model.