24H Hot Currencies and News | Musk said the "American Party" will embrace Bitcoin; UAE officials denied that TON pledgers can obtain golden visas (July 7)

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1. CEX Popular Cryptocurrencies

CEX Top 10 Trading Volume and 24-Hour Price Changes:

  • BTC: + 0.86%

  • ETH: + 1.89%

  • SOL: + 2.8%

  • XRP: + 2.31%

  • BONK: + 17.3%

  • BNB: + 0.84%

  • DOGE: + 4.42%

  • TON: + 4.21%

  • PEPE: + 4.35%

  • SUI: + 0.96%

24H Gainers List (Data Source: OKX):

  • MENGO: + 25.6%

  • BONK: + 16.97%

  • FLOKI: + 16.7%

  • TURBO: + 10.62%

  • DEGEN: + 8.72%

  • PRCL: + 8.64%

  • PROMPT: + 8.59%

  • CVX: + 7.77%

  • TIA: + 7.74%

  • LQTY: + 7.27%

2. Top 5 On-Chain Meme (Data Source: GMGN):

  • AMEP

  • TAP

  • america

  • DOGEWIF

3. 24H Hot Search Cryptocurrencies

AMEP: AMEP is a meme on the Solana chain, rumored to be an abbreviation for Musk's new party name, which was later denied by Musk. Its market cap reached around $2.5 million at its peak.

Headlines

UAE Officially Clarifies: Cryptocurrency Investors Do Not Qualify for Golden Visa

The UAE Federal Identity, Citizenship, Customs and Port Security (ICP), Securities and Commodities Authority (SCA), and Virtual Asset Regulatory Authority (VARA) jointly issued a statement denying reports circulating on some websites and social media platforms about granting golden visas to cryptocurrency investors. ICP stated that golden visa issuance follows a clear and officially approved framework and standards, which do not include cryptocurrency investors. Qualified applicants include real estate investors and exceptional talents. SCA reiterated regulating finance according to international standards, with specific regulations for cryptocurrency investments unrelated to golden visas, and urged investors to obtain information from official channels. VARA also denied issuing golden visas to virtual asset investors in Dubai, urging investors to only work with regulated companies and clarifying that TON company has not received its regulatory permission. The three parties called on the public to be cautious and refer to official sources for information. (WAM)

Previously, it was reported that Toncoin was collaborating with the UAE to provide 10-year golden visas to TON stakers.

Musk: "American Party" Will Embrace Bitcoin, Fiat Currency Has No Hope

When a community user asked whether the "American Party" supports Bitcoin, Musk responded: "Fiat currency has no hope, so it will be supported."

Previously, Musk announced the establishment of the "American Party".

Trump Plans to Impose Tariffs up to 70% on Certain Countries, to be Implemented from August 1

According to the latest public statement, US President Trump plans to impose tariffs of varying percentages on different countries, with rates ranging from 10%-20% to 60%-70%. Countries will start paying these tariffs from August 1, 2025. This move is expected to impact global trade structures and related markets. (Golden Ten)

Industry News

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Ondo Finance to Acquire SEC-Regulated Broker Oasis Pro

Ondo Finance will acquire Oasis Pro, a broker regulated by the U.S. Securities and Exchange Commission (SEC), to promote the development of tokenized stock markets in the United States. The transaction is pending regulatory approval, and the specific acquisition amount has not been disclosed. Upon completion, Ondo will obtain licenses to operate as a broker-dealer, ATS, and digital securities transfer agent in the United States.

Sonic: First Season Airdrop Claiming Will Be Open Between July 15-22

Sonic officially announced on the X platform that the first season airdrop claiming will be open at random times between July 15 and 22.

Investment and Financing

Amber International Completes $25.5 Million Private Placement to Advance $100 Million Crypto Reserve Strategy

Amber International, a listed subsidiary of Amber Group, announced the completion of a $25.5 million private placement, with investors including Pantera Capital and CMAG Funds. The funds will support its $100 million crypto reserve strategy launched in May, aimed at promoting long-term ecosystem development and product innovation. Currently, its reserve assets cover BTC, ETH, SOL, BNB, XRP, and SUI, with a focus on RWA asset tokenization and AgentFi.

Web3 Cloud Platform ICN Raises €28.8 Million, Valued at €398 Million, Led by NGP Capital

Impossible Cloud Network (ICN), a decentralized cloud platform based in Zug, Switzerland, announced the completion of a €28.8 million financing round, with a latest valuation of €398 million. The round was led by NGP Capital, with participation from 1kx, Protocol Labs, and others. ICN has simultaneously launched its native token ICNT and plans to list on centralized exchanges such as Binance and Kraken. ICN is committed to building a permissionless Web3 cloud infrastructure as an alternative to traditional cloud giants like AWS.

Web3 Infrastructure Developer Zypher Network Raises $7 Million, Co-Led by UOB Venture and Signum Capital

Web3 infrastructure developer Zypher Network has raised $7 million, co-led by UOB Venture and Signum Capital, with participation from HashKey Capital, Hong Leong Group, Cogitent Ventures, Catcher VC, Hydrogenesis Labs, DWF Venture, and other strategic investors.
Zypher Network is a decentralized trust platform that provides verifiable autonomy for AI agents through zero-knowledge protocols and its dedicated Rollup infrastructure, Zytron.

Fragbite Group Reaches Financing Agreement of 5 Million Swedish Krona to Support Bitcoin Purchase

Swedish listed company Fragbite Group announced a financing agreement of 5 million Swedish krona with a group of shareholders, including the company's CFO Patrik von Bahr (investing approximately 1 million Swedish krona). The funds are intended to be used for purchasing Bitcoin to support its newly established Bitcoin Treasury.

People & Voices

Vitalik: Institutions Choose Ethereum Not for Speed, But for Its "Stability, Reliability, and No Downtime"

At the Ethereum Community Conference (EthCC) in Cannes, France, Ethereum co-founder Vitalik Buterin stated in an interview that many institutions are not pursuing scalability and speed, but rather value Ethereum's stability and reliability. He noted that "many institutions have explicitly told us they choose Ethereum because it is stable, reliable, and does not go down," emphasizing that long-term features like privacy are what institutions truly care about.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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