PerpColdHands

Wu learned that Patrick Hansen, Senior Director of EU Strategy and Policy at Circle, citing interim MiCA registration data from the European Securities and Markets Authority (ESMA), stated that one week after the full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), there are already 21 authorized Electronic Money Token (EMT) issuers in the EU, from 12 countries, issuing a total of 35 EMTs covering 8 fiat currencies. Hansen said that France continues to lead other member states with 6 regulated issuers; meanwhile, the number of Asset-Referenced Token (ART) issuers remains zero, and the number of registered Crypto-Asset Service Providers (CASPs) under MiCA has exceeded 270.

CoinWorld News, on-chain monitoring shows that mk4 made a profit of $6.7 million by going long on LIT with 5x leverage, with the current position value at $13 million and a historical total profit and loss of $173.68 million.

CoinWorld news: Machi Huang Li-cheng increased his ETH long position by 1,350 ETH, approximately $2,554,230, with a total position size of $18,976,650. His average entry price rose from $1,712.21 to $1,730.59, with current P&L of +$805,444.82 (+106.11%). The current ETH price is $1,807.30, and the liquidation price is $1,745.46. This trader previously profited from blue-chip NFTs, but his capital has shrunk from over $100 million to hundreds of thousands of dollars since October.

When Ethereum was at 1,500, I said go long on the left side, and you said you wouldn’t do left-side longs.
When it was at 1,600, I even posted 5 times in a row—about the trend, indicators, and a head-to-head bet—just to persuade you to go long, and you said this was only a rebound from a dump, and you still didn’t dare to enter.
When it was at 1,700, I said a massive breakout was unimaginable, and you said once it gets pumped to the top it’s about to crash—going long is impossible.
When it was at 1,800, I said the pullback means to keep going long, and you said, what if your short gets trapped?
When it was at 1,900, I said, did you believe me? and you said your short got liquidated.
At 2,000, you patted your thigh and said you’d never dare to short again—you’ll wait.
At 2,100, you chased the long.
To be continued……

Coin World News, Strategy CEO Phong Le stated that Bitcoin could become a global digital reserve asset by 2036. Strategy currently holds 847,363 Bitcoins, remaining the largest corporate Bitcoin holder in the world. He predicts that over the next decade, with the development of decentralized finance, Bitcoin will be widely held by more institutions and governments. Le also mentioned that governments will hold Bitcoin, gold, and the U.S. dollar simultaneously, comparing Bitcoin's future role to that of the internet and artificial intelligence. Although Bitcoin's current trading price is below Strategy's average purchase price, resulting in unrealized losses of approximately $11 billion to $14 billion for the company, Strategy still regards Bitcoin as its primary treasury reserve asset.

According to Al Jazeera, in January this year Pakistan signed a memorandum of understanding with SC Financial Technologies, an affiliate of the Trump family’s crypto project World Liberty Financial (WLF), to explore using its dollar-pegged stablecoin USD1 for cross-border payments. But nearly six months later, Pakistani officials confirmed that USD1 has not yet been piloted, has not obtained a license, and has no known transactions. The report said that Trump earned more than $500 million last year solely through WLF token sales; analysts believe that the practical value of this cooperation for Pakistan lies more in gaining access to the Trump family’s government contacts than in the stablecoin being deployed itself.

According to CriptoNoticias, OfframpXYZ, a crypto fintech platform for freelancers in Latin America, announced on July 1 that it will shut down operations. Instant transfers and QR code payments have been disabled, while fiat deposits and withdrawals will stop on July 31. The platform is expected to close definitively on December 31. OfframpXYZ previously offered services such as U.S. dollar accounts and virtual Visa cards, enabling users to receive dollar income from platforms like Deel, Upwork, and Fiverr. Developer Maximiliano Firtman questioned the lack of advance notice, stating that users only received email notifications more than 10 hours after the services were suspended.

Coin World News: According to OnchainLens, a whale has opened short positions on Bitcoin (BTC) and SPCX with a total value of approximately $73.76 million, specifically 1,002.5 BTC (40x leverage) and 89,695.7 SPCX (10x leverage). Among them, the liquidation price for BTC is $62,071.8, and for SPCX it is $162.79.

🕵️ #BTC 37.9% of the total Bitcoin supply remains unmoved for over four years, nearing all-time highs.
Conviction is building. HODL.
$BTC

CryptoQuant analyst Axel Adler Jr. said that Bitcoin’s price has fallen back to around $62,000, and the market has returned to an unrealized loss state. Short-term holders have seen their realized market value drawdown deepen to -56%, while long-term holders’ realized market value drawdown is close to zero. The ANUPL indicator has dropped below zero to -0.14, and the market has been in a loss pressure zone for about three consecutive months.

CryptoWorld News reports that this morning, a whale shorted mainstream cryptocurrencies with 20x leverage, incurring an unrealized loss of over $600k.
This whale deposited $6.68 million into a newly created address this morning, shorting BTC, ETH, and SOL, with short positions valued at $27 million, $13 million, and $7 million, respectively.

My name is Marcus, and I am a creator on Gate Square.
I joined Gate Square one year ago, and this journey has become a very important part of my trading life.
At first, I was only looking for market updates, trading ideas, and better opportunities. But slowly, I understood that Gate Square is not just a place for content. It is a place where traders, investors, and creators share real experience, real lessons, and real market knowledge.
As a creator, I learned that every post can help someone understand the market better. Every chart, every idea, and every trading lesson can give value to the community.
My biggest lesson from trading is simple: the market rewards patience, discipline, and risk management. Winning trades feel good, but losing trades teach deeply. They show us where we need to improve.
Over the past year, Gate Square helped me grow not only as a trader, but also as a creator. I learned how to share my thoughts clearly, explain market moves, and connect with people who are also learning every day.
For me, trading is not only about profit. It is about growth, mindset, and becoming better with every experience.
Thank you, Gate Square, for giving creators like me a space to learn, share, and grow.
This is my Gate Trade Story.
LFG 🥂
#MyGateTradeStory

The New York State Department of Financial Services (DFS) announced a new rule proposal aimed at upgrading and adjusting New York's current dollar stablecoin regulatory framework in accordance with the requirements of the GENIUS Act.
The proposal retains New York's previous strict requirements for compliant dollar stablecoins regarding asset backing, convertibility, permitted reserve asset types, and independent audits, while introducing new federal provisions, including limiting the maximum proportion of reserve assets that can be held in a single custodian and requiring issuing entities to establish comprehensive risk management plans covering internal controls, information security, internal audits, asset growth, related-party transactions, and service provider arrangements.
The proposal is now open for a 10-day pre-proposal public comment period.