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As tokenized securities transition from "holdable assets" to "usable capital," the role of xStocks in on-chain trading scenarios is changing. The trading platform Nado, built on Ink, launched the xStocks / xPoints event on July 8, providing a new entry point for RWA asset points and capital efficiency.During the event, users who deposit supported assets such as AAPLx, METAx, NVDAx, QQQx, GOOGLx, SPYx, and TSLAx into Nado will receive a 25% xPoints bonus on their TVL. If users trade xStocks in the Nado spot market, they can also unlock up to a 30% xPoints bonus based on daily trading volume, while simultaneously earning Nado Points.Nado's unified margin account allows xStocks to be used as collateral for contract trading. The same asset can simultaneously function in holding, trading, collateral, and point acquisition, further amplifying the capital efficiency of tokenized U.S. stocks in the on-chain trading system.

Gate today announced that Edwin Cheung has officially been promoted to Executive Director, where he will participate in the overall strategic planning and global business development of the group, further advancing Gate's long-term layout in the digital asset and fintech fields, supporting the group's continuous expansion in the global market and enhancing its overall competitiveness.Previously, Edwin was responsible for Gate's global fiat currency business strategy, long-term promotion of institutional cooperation, payment infrastructure construction, and global market expansion, and actively participated in international business, laying a solid foundation for Gate's globalization layout and long-term strategic development. Edwin holds an MBA in Fintech from the Hong Kong University of Science and Technology and a Bachelor's degree in Commerce from the University of Melbourne. With nearly ten years of experience in the financial industry at HSBC and Standard Chartered Bank, he has accumulated rich experience in institutional business, payment systems, and strategic cooperation. He stated, "I am deeply honored to serve as Gate's Executive Director. In the future, I will work with the team to promote the implementation of the group's long-term strategy, continuously enhance global business synergy capabilities, strengthen Gate's competitive advantages in the digital asset and fintech fields, and create greater long-term value for global users."This appointment reflects Gate's ongoing commitment to globalization development, long-term strategy, and organizational construction. In the future, Gate will continue to adhere to an innovation-driven development concept, steadily advance its global business layout, continuously enhance product and service capabilities, and create a more open, secure, and professional digital asset ecosystem for global users.

The growth of Gate options users and the accumulation of positions have shown significant improvement. Data shows that the number of new users in June increased by 34.7% compared to the same period in May; the trading volume of new users increased by 34.2%; and the average total position increased by 95.1%, indicating that options products are continuously improving in user conversion, trading participation, and capital accumulation.To further lower the threshold for options trading, Gate's simplified options have officially launched. Users do not need to manually filter complex options chains; they only need to determine whether BTC/ETH will rise or fall, input the target price and expiration date, and the system will automatically recommend matching contracts and bring them to the order page with one click, helping new users complete options trading with a lower barrier.With the launch of simplified options, Gate options are expected to further enhance the conversion efficiency for newcomers, encouraging more users to move from basic judgments of "bullish or bearish" into more flexible options trading and risk management scenarios.

According to Jinshi reports, European Central Bank Executive Board Member Schnabel stated that the European Central Bank is expected to raise interest rates further.

According to Jinshi, European Central Bank Executive Board Member Schnabel stated that the scale and timing of further actions will depend on the Middle East conflict, inflation, and economic conditions.

According to Jinshi reports, European Central Bank Executive Board Member Schnabel stated that from today's perspective, we need to further raise interest rates in order to restore inflation to our 2% target in the medium term.

According to Cointelegraph, three major crypto lobbying organizations—the Blockchain Association, the Crypto Innovation Council, and the Digital Chamber of Commerce—jointly wrote to the U.S. Congress, requesting the unaltered passage of the "Mining and Staking Tax Clarity Act" without further amendments. The bill allows miners and stakers to choose to pay taxes either when they receive crypto rewards or when they sell their assets, aiming to address liquidity issues caused by "taxation on phantom income."Democratic Congressman Steven Horsford proposed an amendment to limit the deferral of crypto reward taxes to five years, but the CEO of the Crypto Innovation Council stated that the amendment would "undermine" the bill and only generate "negligible revenue." The American Bankers Association opposes the bill, claiming it gives cryptocurrencies a "significant advantage," while crypto lobbying groups believe that renegotiating the already reached compromise will "revive the issues the bill aims to resolve."

According to Jinshi reports, European Central Bank Governing Council member Kazimir stated that the spread of inflation in the economy will force the European Central Bank to raise interest rates further. He believes that without intervention, price pressures will not ease.Kazimir noted that although the economy has cooled somewhat, its resilience still exists, providing officials with room to act. He stated that the inflation data for June may be decisive, but the situation for July is still inconclusive, and new forecasts will be available in September.

According to Jinshi reports, European stock indices have increased, with the German DAX30 index, French CAC40 index, and Euro Stoxx 50 index all rising over 2%.

According to Gate market data, U.S. stocks opened higher and continued to rise, with the Nasdaq 100 index increasing by 1.5%. The Dow Jones Industrial Average is currently up 0.9%, and the S&P 500 index has risen by 0.8%. The photovoltaic sector has increased by over 7%, and the 3x leveraged long Korea ETF (KORU.N) has risen by 17.4%.

Glassnode released a market weekly report stating that Bitcoin continues to exhibit characteristics of a late-stage adjustment, with recent buyers suffering significant losses and realized losses remaining high, while several major sources of demand have weakened considerably.The drop in Bitcoin's price to around $60,000 triggered a significant deleveraging event, clearing a large number of speculative positions from the market. While this helps reset leverage levels, spot demand has yet to show a substantial recovery. The options market remains defensive, with implied volatility staying high, strong demand for downside protection, and traders' positions concentrated around the current spot levels. Coupled with a decline in institutional participation and a slowdown in corporate bond accumulation, these data indicate that risk appetite remains subdued.Overall, the market seems to be further entering a phase of capitulation. Although leverage has essentially been reset and valuation metrics have reached historical lows, the demand response typically associated with long-term market lows has yet to materialize.

According to Gate market data, the decline in the US stock market has expanded again, with the Nasdaq down nearly 1.5%, the Dow down 1.2%, and the S&P 500 index down 0.94%. Trump stated that he will resume strikes against Iran.

According to Gate market data, the decline in U.S. stocks has widened, with the Nasdaq Composite Index falling over 3%, the S&P 500 Index down 1.7%, and the Dow Jones Industrial Average down 0.7%.

According to Gate market data, the decline in U.S. stocks has widened, with the Dow Jones Industrial Average down 1% and the S&P 500 index down 0.6%.

The cryptocurrency market research firm Santiment stated that ETH has fallen below $2000 for the first time since March 29. Typically, after a significant price drop, the market exhibits two typical sentiments: one is retail investors falling into FUD due to weak performance, and the other is the FOMO sentiment that views the drop as a "discount buying opportunity."Santiment pointed out that the latter is currently emerging in the market. As ETH breaks below a key psychological support level, a large number of retail investors are starting to "buy the dip." It believes that this usually indicates that the price of ETH may still have further room to decline, as retail sentiment is currently too optimistic, and historically, the general market tends to make incorrect judgments. Santiment stated that the truly better buying opportunities usually arise after market FOMO cools down and sentiment shifts to panic.

According to CoinDesk, Michael Kramer, founder and CEO of Motte Capital Management, stated that the U.S. Treasury's related settlement operations are expected to withdraw about $150 billion in liquidity from the financial system, which may exacerbate Bitcoin's current decline.He pointed out that Bitcoin often serves as a leading indicator of liquidity and has recently fallen below the key support level of approximately $75,000, down about 11% from this month's high of $82,500. Michael Kramer expects that this round of liquidity tightening will mainly come from U.S. Treasury bonds and short-term Treasury bill settlements.

Gate announced the completion of a new round of product upgrades for Gate Pay for AI Agent and the launch of multiple new features, further enhancing the payment and automatic execution capabilities in AI Agent scenarios. This upgrade focuses on core capabilities such as service discovery, automatic payment, pay-per-use billing, high-frequency micro-payments, multi-wallet collaboration, and automatic settlement, further integrating the payment mechanism into the AI workflow.The upgrade emphasizes enhancing the service discovery and automatic payment capabilities of Gate Pay for AI Agent. Within the scope of user authorization, AI can automatically complete payments, signatures, and result retrieval based on payment requirements during the service invocation process, reducing the need for frequent user intervention and allowing complex tasks to be completed continuously within a unified process. At the same time, Gate Pay for AI Agent supports aggregated payments and automatic settlements for high-frequency, small-value calls, thereby reducing payment overhead and improving overall execution continuity, significantly enhancing execution efficiency and reducing transaction friction.In the future, Gate will continue to promote the capability development of Gate Pay for AI Agent in the directions of automated payments, on-chain settlements, and AI service collaboration, further connecting AI Agents, digital assets, and real commercial scenarios, providing more open and efficient infrastructure support for the next generation of AI-native economy.

WasabiCard announced the official support for the Arbitrum network, further expanding its multi-chain payment infrastructure capabilities. Through this integration, users can directly recharge their WasabiCard accounts on-chain via Arbitrum, achieving more efficient and low-cost capital flow, and further enhancing the global payment experience.As a leading Layer 2 scaling solution for Ethereum, Arbitrum features lower gas fees and higher transaction efficiency. This integration will help users more conveniently convert on-chain assets into funds available for global payments, subscriptions, and cross-border transactions, further connecting Web3 assets with real commercial payment scenarios.WasabiCard stated that it will continue to expand its multi-chain payment capabilities in the future, promoting the practical application of stablecoins and on-chain assets in global payment scenarios.

Cryptocurrency analyst Michaël van de Poppe stated that Bitcoin could drop to $60,000 after breaking below the "key" support area between $75,000 and $76,000. He mentioned, "If Bitcoin can break above $76,600, it will be an excellent area for strong upward momentum. But for now, it is wise to remain conservative."

According to CoinDesk, Bitcoin has fallen from $82,000 to $76,800, a decline of about 6%, but market data suggests that this drop may be an unconventional correction. Three signals behind this round of decline indicate market concerns about further price drops. First, ETF fund outflows are accelerating: since May 7, over $1.5 billion has flowed out of U.S. spot Bitcoin ETFs, with a single-day outflow of $648 million on Monday, the highest since January 29.Secondly, aggressive selling has occurred in both the spot and futures markets: Glassnode data shows that the cumulative volume difference in the spot market has dropped from $16,900,000 to -$126,200,000, while the cumulative volume difference in perpetual contracts has fallen to -$368,500,000, indicating that sellers are actively selling in both the spot and futures markets. Additionally, hedging demand is rising: Glassnode analysts state that the 25-Delta skew of options has increased from 10.9% to 14.4%, indicating that options market participants believe the downside risk is increasing.Vikram Subburaj, CEO of the Indian exchange Giottus, stated that the first support level is around $76,000, followed by the $74,000-$75,000 range. If this range is broken, it could trigger a deeper correction.