📢 Gate Square Daily | July 7, 2026 — Crypto & Market Update Industry News: Trump Expresses Strong Support for Crypto

Former U.S. President Donald Trump stated that he is a “big fan” of cryptocurrency, highlighting the growing influence of digital assets in global finance. His comments continue to attract attention from the crypto community as investors monitor how political developments may impact future regulations and adoption.

📊 Market Update: Crypto Market Shows Slight Gains

🔹 Bitcoin (BTC): $64,061
📈 24H Change: +0.8%

🔹 Ethereum (ETH): $1,802
📈 24H Change: +0.9%

The market remains relatively stable, with major cryptocurrencies showing modest upward momentum as traders watch for new catalysts.

⚠️ On-Chain Alert: BonkDAO Faces Governance Attack

The BonkDAO ecosystem reportedly suffered a governance attack, resulting in approximately $20 million worth of $BONK tokens being moved from the treasury. The incident highlights the importance of strong governance mechanisms, security reviews, and community oversight in decentralized projects.

🏦 TradFi Update: Semiconductor Stocks See Diverging Outlook

Citigroup has taken a more selective approach toward U.S. semiconductor stocks, showing a bullish view on Micron Technology while maintaining a bearish outlook on Qualcomm. Analysts expect increasing divergence in semiconductor performance based on market demand, AI exposure, and company-specific factors.

🏢 Institutional Moves: Strategy Reduces Bitcoin Holdings

Strategy (formerly MicroStrategy) reportedly reduced its Bitcoin holdings by 3,588 BTC last week, valued at more than $220 million. The move has drawn attention from investors as the market continues to track institutional Bitcoin strategies and corporate treasury decisions.

🌐 Key Takeaway:
Crypto markets remain resilient, but investors should stay alert to major developments across regulation, security, institutional activity, and traditional finance.

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