NAVI Protocol is pleased to announce that the xBTC incentive has now been fully expanded to SUI and USDC lenders.

On July 8th, based on Whales Market data, the pre-market trading price of Ethereum's first SVM Layer2 network Eclipse token ES is currently at $0.3477. The total pre-market trading volume has reached $440,000. Furthermore, according to Coingecko data, the total circulating supply determined by the ES token contract is 1 billion, and the pre-market trading price corresponds to a fully diluted valuation of $3.477 billion. The Eclipse team launched the ES airdrop query on July 4th, and ASC series NFT holders will receive the airdrop directly. BlockBeats Note: The Eclipse team has not yet disclosed the tokenomics.

On July 8th, according to a report from PR Newswire, the U.S.-listed company DeFi Technologies (Nasdaq: DEFT) released its monthly report. As of June 30, 2025, the assets under management of its subsidiary Valour totaled $771 million (CAD 1.04 billion), which was a 5% decrease compared to the previous month. The net inflows in May remained strong at $4.5 million (CAD 6.2 million), and the year-to-date net inflows reached $75.9 million (CAD 105.5 million), indicating the growing investor demand for Valour ETP. As of June 30, 2025, the company's total cash, USDT, and financial balances amounted to $62.4 million (CAD 85 million), with $14 million (CAD 19 million) in cash and USDT, representing a 17% decrease from the previous month. The balance of digital assets was $48.4 million (CAD 66 million), which was an 8.7% decrease from the previous month.

July 8th. The A-share listed company Hang Seng Electronics (600570.SH) mentioned on its interactive platform that its subsidiary, Hangyun Technology, is one of the initial providers of virtual asset trading systems in Hong Kong. In the past two years, it has assisted multiple financial institutions in going live, established secure connections with virtual asset trading platforms, and guaranteed transaction smoothness and real-time data. Currently, these relevant businesses do not have a substantial impact on the company's current operating income. Hangyun Technology will continuously closely monitor the latest developments in virtual asset regulations in Hong Kong and globally.

On July 8th, according to the analyst at Bitunix, President Trump announced that the deadline for the escalation of tariffs will be postponed until August 1st. Influenced by the tariff policy, the exchange rate of the US dollar against other currencies rose to a new high for more than a week. So far, only a few countries have successfully reached agreements. During this period, the United States has made negotiation progress with the United Kingdom, Vietnam, and China. Trump also warned countries not to take retaliatory measures. The daily chart of BTC shows continuous pressure at the resistance level of 110,348. Bitunix Analyst Suggestions: BTC previously showed a reaction in the demand zone between 106,000 and 107,000, and the liquidation heat map also shows a large number of unfilled long positions at 107,000, forming support. The key short-term resistance level for BTC is at 110,348. It is expected that a breakthrough will challenge 112,800. Operationally, it is recommended not to

On July 8th, Grayscale Investments announced the outcomes of the second-quarter multi-asset fund rebalancing. Grayscale Investments, which manages the Grayscale DeFi Fund, the Grayscale Smart Contract Fund (GSC Fund), and the Grayscale AI Fund, today disclosed the respective updated product fund component weightings related to their 2025 second-quarter evaluations. The Grayscale DeFi Fund incorporated Ondo (ONDO). The revised key holdings consist of Uniswap (UNI, 34.01%), Aave (AAVE, 30.74%), Ondo (ONDO, 18.22%), etc. The Grayscale Smart Contract Fund (GSC Fund) added Hedera (HBAR) and removed Polkadot (DOT). The revised key holdings are Ether (ETH, 30.22%), Solana (SOL, 29.87%), Cardano (ADA, 18.57%), etc. The Grayscale AI Fund maintained the existing asset allocations. The key holdings include Bittensor (TAO, 29.10%), NEAR Protocol (NEAR, 28.41%), Render (RENDER, 17.34%), etc.

On July 8th, as per National Business Daily, the Hong Kong "Stablecoin Regulation" is set to come into effect on August 1st of this year. At that time, the Hong Kong Monetary Authority will commence accepting license applications. Hong Kong stablecoin licenses are relatively scarce and in high demand, with the anticipated number of licenses to be issued being in single digits. In addition to the already announced JD.com, Standard Chartered, RoundCoin, and others, more than 40 companies are preparing to submit applications. Law firms have indicated that dozens of other interested parties are currently in the consultation or document preparation stage. The applying institutions are mostly the largest financial institutions and internet companies in China, while some small enterprises intending to apply have very slim hopes.