U.S. Commerce Secretary: Tariffs to Take Effect on August 1

July 7th. The Shenzhen Office of the Special Task Force for Preventing and Combating Illegal Financial Activities issued a risk warning indicating that recently, digital currencies represented by stablecoins have attracted extensive attention in the market. Through monitoring, it has been discovered that some illegal institutions, under the guise of "financial innovation" and "digital assets," take advantage of the public's lack of understanding of stablecoins to raise funds by issuing so-called "virtual currency," "virtual assets," "digital assets," etc., inducing the public to participate in speculative trading, disrupting economic and financial order, and giving rise to illegal fundraising, gambling, fraud, pyramid schemes, money laundering, and other illegal criminal activities, which seriously endanger the public's property security. The Shenzhen Office of the Special Task Force for Preventing and Combating Illegal Financial Activities reminds you: Such illegal institutions, with

On July 7th, according to on-chain analyst Ai姨 (@ai_9684xtpa), GateToken (GT) has completed the on-chain burn operation for the second quarter of 2025. A total of 1,922,789.196841 GT was transferred to the burn address. As of now, the total amount of GT burned on the Gate platform has exceeded 180 million. Ai姨 pointed out that recently, several exchanges have successively placed the quarterly burn mechanism on the agenda, making the on-chain deflation trend more prominent. Since the launch of the GateChain mainnet in 2019, GT has been implementing a continuous burn strategy, demonstrating the platform's long-term commitment to its deflationary economic model.

July 7th. According to on-chain analyst Ai Auntie (@ai_9684xtpa), the following is the cost breakdown of the Trump family's crypto project WLFI token sale: Strategic Sale Cost: A total of 5 institutions (Tron DAO / Web3Port / Oddiyana Ventures / DWF Labs / Aqua1 Fund) took part in the strategic round of funding. The minimum investment was $210 million. Among the institutions with known costs, DWF Labs' cost was twice that of Web3Port. Public Sale Cost: From 2025.01 to 03, two rounds of public fundraising raised a total of $550 million. The first round raised $300 million with a cost of $0.015 per token, which is currently the lowest publicly disclosed cost. The second round raised $250 million with a cost increase to $0.05 per token. The latter matched Web3Port's book cost and was significantly lower than DWF's cost. If the first-day FDV is indeed $13 billion, the return on investment for the first round is as high as 867%, and for the second round, it is 260%. Additionally, there i

July 7th. Based on market data, the price of BAKE witnessed a significant short-term fluctuation. The lowest point was $0.0818 before it rebounded. Currently, it is trading at $0.0917, indicating a 2.01% increase in the past hour. Moreover, according to Coinglass data, BAKE's 24-hour trading volume has surged by 477.81% and reached $43.8654 million. In previous news, Binance added monitoring tags for BAKE, IDEX, and SLF.

On July 7th, according to an official declaration, after a recent examination, Binance will include BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF) on the watchlist starting from July 7, 2025. The announcement indicates that compared to other listed tokens, tokens on the watchlist may have greater volatility and risk. Binance will closely supervise and continuously conduct reviews. Trading these watchlisted tokens involves risks as these tokens no longer meet the criteria for listing on the Binance platform and may be delisted.

On July 7th, as reported by Ukrayinska Pravda, Ukrainian President Zelensky signed a decree to impose sanctions on individuals and legal entities that assist Russia in transferring assets through cryptocurrency. These sanctions are targeted at 60 companies, with 55 of them being Russian entities. According to Vladyslav Vlasiuk, Zelensky's Sanctions Policy Commissioner, the sanctioned entities encompass 19 major cryptocurrency miners engaged in circumventing sanctions, 17 operators of digital financial asset issuance systems, 19 Russian financial infrastructure companies, and 5 cryptocurrency exchange operators involved in evading sanctions. The list also includes 5 non-Russian residents but companies that are involved in helping Russia evade restrictions, such as TOKENTRUST HOLDINGS LIMITED in Cyprus, EXMO RBC LTD in Kazakhstan, and three companies in the UAE.