Bitcoin Dips Below $109,000

On July 7th, according to official information, Binance has declared that the new Alpha TGE project Palio did not successfully carry out the liquidity deposit and is currently actively engaged in resolving this matter.

On July 7th, James Van Straten, a senior analyst at CoinDesk, released a market analysis stating that Bitcoin (BTC) is currently only a few percentage points away from its all-time high of approximately $112,000. Even though the price is nearing the high, large holders (whales), which refer to investors holding more than 10,000 BTC, have been continuously accumulating recently. This is regarded as a sign of their confidence in the future price increase. According to the trend accumulation rating data of Glassnode, in the past few days, not only have whale wallets entered a positive "accumulation mode", but wallets holding between 1,000 and 10,000 BTC have also started to make large-scale purchases. In contrast, small holders (including wallets holding less than 1 BTC or between 10 and 100 BTC) have mostly chosen to reduce their holdings or distribute their coins in the past few months. This clear contrast - with the Bitcoin price remaining stable at around $109,000 - may indicate tha

On July 7th, according to "The Standard", Stephen Phillips, the Director-General of InvestHK, stated that currently there are virtual asset service providers (VASPs) in discussions with their FinTech team regarding setting up in Hong Kong. It is anticipated that shortly after the implementation of the "Stablecoin Regulation", relevant companies will establish a presence. Stephen Phillips mentioned that in the past two and a half years, 630 Mainland Chinese companies have set up in Hong Kong, accounting for approximately 48% of the total. Owing to the Chinese government's policy of supporting companies in going global, Hong Kong will serve as a springboard. It is believed that among the companies setting up in Hong Kong in the future, Mainland Chinese companies will still account for a certain proportion.

On July 7th, based on market data, during pre-market trading, some cryptocurrency-related stocks in the US market witnessed an increase. These included: Bit Digital (BTBT.US) rising by 12.93%; SharpLink Gaming (SBET.US) increasing by 5.72%; Circle (CRCL.US) going up by 1.72%; IREN Ltd (IREN.US) rising by 3.09%.

On July 7th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the address of the suspected staking and validation service provider Arthapala once again deposited 2940 ETH into HTX within the past 2 hours (approximately $7.5 million).

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.