U.S. President Trump announced a 25% tariff on South Korea and Japan, and a 40% tariff on Laos and Myanmar, causing further turbulence in global financial markets and the cryptocurrency market. Patrick Hansen, an executive at Circle, shared the latest data showing that the EU has issued MiCA licenses to 53 institutions, allowing them to operate across 30 countries in the European Economic Area without the need for additional applications. Strategy has announced that it has signed a sales agreement to issue STRD stock to raise $4.2 billion. The BTFS v4.0 mainnet upgrade has been completed and is fully operational.

Bitcoin (BTC) (-1.70% | Current Price: 107,600 USDT): U.S. President Trump announced a 25% tariff on South Korea and Japan, and a 40% tariff on Laos and Myanmar, causing further turbulence in global financial markets and the cryptocurrency market. Mainstream cryptocurrencies like BTC have seen a decline. BTC dropped from 109,000 USDT to 107,000 USDT, but found strong support at 107,000 USDT and did not break below this level. On July 7, BTC ETF saw a net inflow of $216 million, with BlackRock's IBIT net inflow at $164 million and Fidelity's FBTC net inflow at $66 million.

Ethereum (ETH) (-2.08% | Current Price: 2,526 USDT): Affected by the tariff policies, ETH has seen a decline of over 2% in the last 24 hours. The 2,500 USDT level has strong support, and ETH has not broken below this level. As negative policies are gradually digested, ETH may recover in the coming trading days. On July 7, ETH ETF saw a total inflow of $62.1 million, with BlackRock's ETHA net inflow at $53.2 million and Fidelity's FETH net inflow exceeding $8.9 million.

Altcoins: The altcoin market has seen a slight decline, with XRP down 1.20% and SOL down 3.04% in the last 24 hours. The Fear and Greed Index remains at 65, indicating that market sentiment is still positive.

Macro: The Dow Jones Industrial Average closed at 44,406 points, down 0.94%; the Nasdaq closed at 20,412 points, down 0.92%; the S&P 500 closed at 6,229 points, down 0.79%. The current gold price is $3,347, up 0.14% in the last 24 hours.

Sologenic SOLO (+26.43%, Market Cap: $152 million)

According to Gate's market data, the current price of SOLO token is $0.385, with a 24-hour increase of 26.43%, and the current market cap of SOLO is $152 million.

Sologenic (SOLO) is a token issued on the XRP ledger that enables trading and transfer of cryptocurrencies with non-blockchain assets, such as stocks, funds, and assets from over 30 global stock exchanges, totaling more than 40,000 assets. By tokenizing goods from over 30 stock exchanges, SOLO bridges traditional financial markets and cryptocurrency markets, bringing significant traffic to the entire industry.

The rise of SOLO may be driven by several factors, as the Sologenic platform now supports over 40,000 tokenized stocks, ETFs, and commodities, which can be traded through multiple top exchanges globally. The recent surge in interest in tokenizing stock assets may have boosted SOLO's trading volume and token price.

Grass GRASS (+6.15%, Market Cap: $286 million)

According to Gate's market data, the current price of GRASS token is $1.17, with a 24-hour increase of 6.15%, and the current market cap of GRASS is $286 million.

Wynd Labs launched the Grass project in June 2023. Andrej Radonjic is one of the co-founders of Wynd Labs. The project aims to allow individuals to benefit from the growing AI trend. The Grass project is a decentralized network based on Solana that allows users to monetize unused internet bandwidth. By running nodes, users can share bandwidth and provide data support for AI model training. Participants can easily join the network without significant resource investment and earn passive income.

GRASS has risen over 6% in the past 24 hours, likely benefiting from the recent launch of its Android application, which has significantly increased project interest. The app allows users to earn rewards by sharing idle bandwidth, expanding the user base and enhancing token demand, boosting market confidence and prices. Looking ahead, as Grass continues to optimize its decentralized data ecosystem and advance its 2025 roadmap, the promotion of the Android app is expected to further attract user participation, solidifying its position in the AI data processing market and driving long-term value growth for GRASS tokens.

XDC Network XDC (+4.66%, Market Cap: $1.07 billion)

According to Gate's market data, the current price of XDC token is $0.066, with a 24-hour increase of 4.66%, and the current market cap of XDC is $1.07 billion.

XDC Network was founded in 2017 by a group of entrepreneurs and developers, including Atul Khekade, Ritesh Kakkad, and Peter Yeo. The XDC network is an open-source hybrid blockchain protocol suitable for enterprises, focusing on the tokenization of real-world decentralized finance. It features a developer-friendly hybrid architecture that provides blockchain users with hybrid relay bridges, spontaneous block finality, and interoperability. The XDC network offers a secure and transparent way for businesses in various industries, including finance, healthcare, and supply chain management, to conduct transactions and record data.

The tokenization of traditional financial assets has been a hot topic recently, with Credefi's RWA loan platform and CRYMBO's compliance tools launching on XDC at the end of June, providing on-chain solutions for banks and fintech companies to tokenize debt, verify users, and enforce cross-border rules (Genfinity Report). These developments further solidify XDC's position in the institutional market and may have driven the recent increase in token prices.

The EU has issued MiCA licenses to 53 crypto firms, but stablecoin issuer Tether is not among them.

Patrick Hansen, an executive at Circle, shared the latest data showing that the EU has issued MiCA licenses to 53 institutions, allowing them to operate across 30 countries in the European Economic Area without the need for additional applications. Among them, 14 companies are authorized to issue stablecoins or electronic money tokens (EMTs), including Circle, Société Générale, Stablemint, Quantoz, and StablR; Tether, as the issuer of USDT, has not yet obtained compliance approval and is not on the list. The other 39 approved crypto asset service providers (CASPs) include BBVA, Robinhood, and Coinbase.

Looking ahead, the full implementation of the EU MiCA framework will set a new benchmark for global cryptocurrency regulation, attracting more compliant institutions into the market. The standardization of stablecoins and crypto services will accelerate industry consolidation and enhance market transparency and trust. Unlicensed issuers will face greater compliance pressure, prompting the crypto industry to move towards a healthier and more sustainable development path.

Strategy plans to raise $4.2 billion by issuing STRD stock.

Strategy has announced that it has signed a sales agreement to issue STRD stock (Series A perpetual Stride preferred stock) to raise $4.2 billion. Strategy expects to sell STRD stock in a planned manner over a longer period under its ATM program, considering the trading price and volume of STRD stock at the time of sale. It is reported that Strategy intends to use the net proceeds from the ATM program for general corporate purposes, including purchasing Bitcoin and as operating capital.

Strategy's plan to raise funds through the issuance of STRD preferred stock demonstrates its strategic positioning in the capital markets and long-term optimism towards crypto assets. In the future, as the ATM program progresses steadily, Strategy is expected to optimize capital allocation efficiency through a flexible stock sale pace. The raised funds will be used to increase Bitcoin holdings and support operations, further consolidating its competitive advantage in the crypto investment field. Looking ahead, Strategy's strategy may focus on balancing the integration of traditional finance and crypto assets, capturing investment opportunities through market fluctuations, while promoting business diversification and long-term growth through sound capital management.

BTFS protocol v4.0 mainnet officially launched.

The BTFS (BitTorrent File System) v4.0 mainnet upgrade has been completed and is fully operational. This upgrade focuses on enhancing network reliability based on dedicated nodes from storage providers (BTIP-89), implementing a metadata transparency management mechanism using smart contract technology (BTIP-90), and supporting a distributed governance system for community autonomy (BTIP-91). These technological improvements further optimize the infrastructure performance of the BTFS network, enhancing the system's security and scalability. As a significant advancement in decentralized storage, BTFS will continue to drive technological innovation and support the construction of Web3.0 data storage infrastructure.

The completion of the BTFS v4.0 mainnet launch marks an important breakthrough in decentralized storage technology, significantly improving system performance, security, and scalability through enhanced network reliability, metadata transparency management, and a distributed governance system. This upgrade not only optimizes the infrastructure for Web3.0 data storage but also lays a solid foundation for community autonomy and ecological development. In the future, BTFS's technological innovations are expected to promote the widespread application of decentralized storage in the Web3.0 ecosystem, accelerate the realization of data sovereignty and privacy protection, and further consolidate its leading position in the global distributed storage market.

Related: SEC confirms Bitcoin (BTC) and Ethereum (ETH) ETF applications submitted by Trump’s Truth Social.

Original: “The EU has issued MiCA licenses to 53 crypto firms | Strategy plans to raise $4.2 billion”

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