Believe is pausing the automatic listing feature and introducing a "Verified" tag.

On July 2nd, as reported by The Paper, stablecoins have emerged as a new arena for international monetary competition. Countries are accelerating their legislative efforts to secure a favorable position in the global payment system. The discussion regarding whether China should issue a stablecoin pegged to the offshore Chinese yuan (CNH) to accelerate the internationalization of the yuan has become a hot topic in the current market. Some analysts believe that from the perspective of major power games, China has reached a critical moment that requires a response. Hong Kong could serve as a "pilot" city to issue a CNH stablecoin to explore practical application scenarios. However, the prerequisite is that regulatory challenges such as anti-money laundering must be addressed first. China has always maintained a conservative stance towards cryptocurrency. However, its recent focus on stablecoins is due to the comprehensive shift in stablecoin regulation following the tenure of form

On July 2nd, Bitfinex Alpha released a report indicating that the recent narrowing price trend of Bitcoin suggests a cooling of on-chain and derivative trading activities. This is specifically manifested as a decrease in spot trading volume, weakening of buy-side order book pressure, and a reduction in open interest. It highlights that the market is transitioning from an aggressive bullish phase to a range-bound phase. The realized price of Bitcoin for short-term holders is around $98,700, which has become a key structural support level. When the price experiences a pullback, dip buyers often accumulate Bitcoin at this level, especially during the recent market correction triggered by the escalated tensions between Iran and Israel, where this support has been particularly evident. Bitfinex points out that historically, the third quarter is the weakest-performing quarter for Bitcoin, with an average return of only 6.03%, which is significantly lower than the 27.12% return in the second

On July 2nd, Shadow Exchange made an announcement that the Sonic Points Airdrop Season 2 has become active. The passive points mechanism has been eliminated. Now, only real DeFi activities are considered for points. By conducting trades and providing liquidity (LP) with whitelisted assets on Shadow, users can obtain points. The Loyalty Booster and Yield Rating will offer higher airdrop rewards to Shadow users. Shadow accounts for 85% of the entire network's revenue.

July 2nd. According to crypto analyst Ai Auntie (@ai_9684xtpa), the "Insider Whale" that opened a double short position has achieved a floating profit of more than $3.23 million. Last night and at 05:12 in the morning, it added to its position twice with 294.14 BTC and 9,414.14 ETH. Currently, the overall position has returned to $250 million: · 40 times short on BTC: Holding 1,414.14 coins, valued at $150 million, with an entry price of $106,697.30; · 25 times short on ETH: Holding 41,414.1414 coins, valued at $98 million, with an entry price of $2,452.03.

On July 2nd, based on Coinglass data, if Bitcoin drops beneath $104,000, the combined long liquidation strength of mainstream CEXs will amount to $1.137 billion. In addition, if Bitcoin surges above $107,000, the total short liquidation strength of mainstream CEXs will reach $442 million. BlockBeats Notes: The liquidation chart does not disclose the precise number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the strength. Consequently, the liquidation chart indicates the extent to which the price of the underlying asset will be influenced when it attains a certain level. A higher "liquidation bar" suggests that the price will experience a more intense reaction due to a liquidity cascade once it reaches that particular point.

On July 2nd, as monitored by OnchainLens, a whale address, which had been inactive for 7 months, withdrew 8033 AAVE from Binance. The equivalent value at the current price is about $2.09 million. Wallet Address: 0x65d7f3097464a109dd8648fe29bc836540442f3e.