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Hong Kong Securities and Futures Commission Holds Second Digital Asset Advisory Group Meeting

6 hours ago

On July 7th, the Securities and Futures Commission of Hong Kong (SFC) convened the second Digital Assets Consultation Group meeting today. This meeting involving licensed virtual asset trading platforms encompassed a broad range of topics related to market and regulatory advancements in the Hong Kong digital asset arena. Specifically, it focused on the relevant measures under the SFC's ASPIRe roadmap's Pillar A (Access) and Pillar P (Products). These included proposed regulatory systems for virtual asset trading and custody service providers, as well as measures for market participation and product offerings. (Golden Ten)
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A certain whale address has once again transferred 1200 BTC to Binance in the past 7 hours.

On July 8th, as monitored by LookOnChain, a whale address beginning with bc1q2q has once more deposited 1200 BTC into Binance within the past 7 hours. This address had previously transferred 1550 BTC to Binance on July 5th.

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The United States will impose a 25% tariff on Japan and South Korea.

On July 8th, President Trump of the United States stated that a 25% tariff would be imposed on Japan and South Korea. (FXStreet)

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US Stock Market's Three Major Indexes Decline, Dow Falls Further by 1.13%

On July 8th, the three major U.S. stock indexes witnessed a decline. The Dow dropped by 1.13%, while both the Nasdaq and the S&P 500 indexes each fell by approximately 1%. (Kryptonite)

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European Commission President: Must Show Strength in Trade Negotiations with the United States

On July 7th, Ursula von der Leyen, who is the President of the European Commission, declared that Europe has to showcase its strength during its trade negotiations with the United States. (Xinhua News)

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Russia Establishes Cryptocurrency Mining Equipment Registration System to Enhance Oversight

On July 7th, as per Coindesk, among the measures implemented in the cryptocurrency field over the past few years, the Russian Ministry of Energy declared the establishment of a cryptocurrency mining equipment registry. This is to identify and regulate mining operations and subject them to new tax and regulatory provisions. It is reported that the relevant registry has been distributed to regions with frequent mining activities and will assist authorities in tracking and monitoring miners' energy consumption.

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1inch team investment fund withdrew 5,010,000 1INCH tokens from Binance half an hour ago.

On July 7th, according to the monitoring of on-chain data analyst Yu Jin, the investment fund of the 1inch team withdrew 5,010,000 1INCH from Binance half an hour ago, with a value of $940,000. Yesterday, in the early hours, they used 1,757,000 USDC to purchase 9,652,000 1INCH on-chain. Then, they transferred 975,000 USDT to Binance to buy 1INCH. Finally, they withdrew 1INCH from Binance half an hour ago. As of now, since February, they have spent a total of $4.976 million to purchase 24.86 million 1INCH, with an average price of $0.20.

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