Affected by the bearish news, the price of BAKE experienced a sharp and temporary fluctuation, with a significant increase in contract trading volumes.

On July 7th, according to an official announcement, the UK-based publicly traded blockchain company Coinsilium Group Limited announced that its wholly-owned subsidiary, Forza Gibraltar Limited, had purchased 14.9 bitcoins, raising its total holdings to 88.63 bitcoins.

On July 7th, CoinShares released its latest weekly report indicating that funds in digital asset products witnessed a net inflow of $1.03 billion in the past week, marking the 12th consecutive week of net inflows. Among them, the U.S. market took the lead with a net inflow of $1 billion; while there were net outflows in Canada and Brazil, which reflected the divergent investment sentiments in different regions. Ethereum continued to show relative strength. Over the past 11 weeks, its average weekly net inflows accounted for 1.6% of its managed assets, compared to Bitcoin's 0.8% during the same period.

On July 7th, according to official channels, Binance has declared that the newly launched "Real PNL" feature has attained the following: 1. Monitoring of top contract traders; 2. Real-time viewing of their trading activities; 3. Users are also able to choose to share their own actual trades and compete on the leaderboard.

On July 7th, Guolian Securities stated on its interactive platform that its subsidiary, Guolian Securities Limited, is preparing to apply for a virtual asset-related trading license. The company has had multiple interactions with international and Hong Kong-based institutions with rich experience in this field and will actively promote the specific application process in the future. Guolian Securities Limited holds business licenses issued by the Hong Kong Securities and Futures Commission, including: No. 1: Securities Trading; No. 2: Futures Contract Trading; No. 4: Providing advice on securities; No. 6: Providing advice on corporate finance; No. 9: Providing asset management. The company will continue to enhance its active expansion of overseas business. By leveraging the advantage of its Hong Kong subsidiary having all the No. 1, 2, 4, 6, and 9 licenses, it has achieved efficient business synergy to provide more comprehensive financing and investment services to its overseas clien

Update, July 7th: Based on Ember Monitor, a whale or institution has once more withdrawn 7 million FORM tokens (approximately $19 million) from Binance within the past 2 hours. This indicates that for three consecutive days, they have been withdrawing 7 million FORM tokens daily from Binance, resulting in a total of 21 million FORM tokens.

July 7th. As per official channels, Backpack has declared the resolution of the transaction anomaly incident that occurred on July 3rd. It was stated that on that day, the platform faced issues such as recharge delays and some disarray in contract positions, yet user assets remained unaffected. During the incident, there were approximately 5,000 users engaged in transactions. Around 500 users benefited from the position anomalies, while another 500 users were affected. After rolling back the code, the platform decided that the users who benefited could handle their assets by themselves, and those affected would receive full compensation. As of now, Backpack has received 410 compensation applications. Out of these, 242 have been processed, and a total of about $70,000 has been disbursed. The final total compensation is expected to be around $200,000. Additionally, Backpack will provide double points to all users of that day as compensation.