BONK's total liquidations in the last 24 hours have exceeded $7.42 million, second only to ETH.

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Update, July 7th: Based on Ember Monitor, a whale or institution has once more withdrawn 7 million FORM tokens (approximately $19 million) from Binance within the past 2 hours.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.

July 7th. As reported by The Fintech Times, BBVA, Spain's second-largest bank, has commenced Bitcoin and Ethereum trading and custody services for retail customers via its mobile app. This move marks a further expansion of its regulated digital asset services within Europe. This service was launched following the filing for regulatory approval with the Spanish National Securities Market Commission (CNMV) in March 2025. It is currently accessible to all customers who have reached the legal age. The service enables customers to buy, sell, and hold cryptocurrencies within BBVA's existing digital banking framework. BBVA has seamlessly integrated this service into its own app, without depending on any third-party platforms or custody providers. Customers can initiate transactions independently, and the bank does not offer investment advice.

On July 7th, the FTX creditor representative Sunil updated the FTX claim distribution information on the X platform. It was indicated that the total amount of claims from restricted jurisdictions is $4.7 billion. Chinese investors are the largest group among the FTX creditors, holding a claim of $3.8 billion (accounting for 82% of the restricted claims). The claims with incomplete KYC (in the Bahamas) amount to $2.9 billion. The total amount of disputed claims is $6.6 billion. The total amount awaiting claim resolution solutions is $14 billion. And the estimated total amount of allowable claims is $110 billion.