Data: Hong Kong Stablecoin License Expected to be Issued in Single Digits, with Dozens of Intending Applicants in Preparation Stage
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.
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Bonk Ecosystem Development Protocol's Graphite Token TVL Surpasses $1.2 Billion, Reaching an All-Time High
On July 8th, according to GMGN data, the market capitalization of the Bonk ecosystem development protocol Graphite Protocol's token GP has exceeded $1.2 billion and reached a historical high. Currently, it is at $1.11 billion, with a 24-hour price increase of 22.2% and a 24-hour trading volume of $13.4 million.
According to an earlier official announcement by Graphite Protocol, the team has already repurchased 2.81% of the GP tokens in the past 2 months and will continue to do so. The official website shows that Graphite Protocol has developed multiple products based on the Bonk ecosystem, including the copy trading robot Parallel.
BlockBeats reminds users that the prices of related tokens are highly volatile, and users should invest with caution.
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OKX Web3 Introduces Web-based Global Theme Color Switch
On July 8th, according to official channels, OKX Web3 has now been fully capable of supporting theme color switching on the web interface. Users are able to set three distinct color modes based on their preferences: the light mode, the dark mode, and following the system. While safeguarding their eyesight, users can also relish a more personalized experience. Meanwhile, the OKX Web3 on the web has integrated the function buttons in the top right corner to facilitate users' customization. It is reported that OKX Wallet, as a leading one-stop Web3 gateway, has supported more than 130 popular public chains.
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A Whale/Institution Once Again Withdraws 7 Million FORM from Binance, Worth $18.85 Million
On July 8th, according to EmberCN's monitoring, a whale/institution has once again withdrawn 7 million FORM from Binance within the past 2 hours, with a value of $18.85 million.
This whale/institution has been withdrawing FORM from Binance for four consecutive days, withdrawing 7 million tokens each day. They have now withdrawn a total of 28 million FORM, with a value of $77.4 million.
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Pre-market: US Stock Surges in Pre-market Trading, Bit Digital Up by 14.66%
On July 8th, based on market information, there was a general rise in the pre-market trading of crypto-related stocks in the US. These included:
Bit Digital Inc (BTBT) increased by 14.66%, following its previous announcement of selling BTC to increase its ETH holdings.
Bitmine Immersion (BMNR) rose by 4.72% after announcing the completion of a $250 million large-scale private placement to increase its Ethereum holdings.
SharpLink Gaming (SBET) went up by 5.6% and currently holds 198,167 ETH.
Circle (CRCL) rose by 1.56%.
Coinbase (COIN) rose by 0.41%.
MicroStrategy (MSTR) rose by 0.87%.
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WEEX contract goes live with PAL, APETH, CROSS, and AIN
On July 8th, WEEX announced that the platform has now initiated U-based contracts for Palio (PAL), America Party (APETH), CROSS (CROSS), and Infinity Ground (AIN), and has begun time-limited trading with zero fees.
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