The Assets

Daily Report 7 July 2025

Digital Assets Daily Report -

Global markets were mixed Friday as US markets remained closed for Independence Day while futures declined and Australian stocks hit records, with S&P 500 futures (-0.6%), Dow Jones futures (-0.6%) and Nasdaq 100 futures (-0.6%) all falling amid renewed trade tensions ahead of Tuesday's July 9 deadline. European markets closed lower with the Euro Stoxx 600 (-0.5%) declining as Trump threatened unilateral tariffs up to 70% if trade agreements aren't reached, while trade-exposed sectors like mining and autos underperformed despite Swiss pharma gains on potential tariff exemptions. Trump's administration reportedly prepared AI chip export restrictions to Malaysia and Thailand to counter China smuggling, while oil prices declined ahead of an OPEC+ meeting considering production increases, and Bitcoin dropped 2.2% in its largest single-day decline since June 22.

  • The global crypto market cap increased 1.30% in the past 24 hours to $3.37tn. The 24h volume is currently at $87.9bn.
  • In the past 24 hours, crypto liquidations increased by 171.60% and totaled $182.28m, with 73.4% of them short positions. ETH based leveraged positions comprised $62.23 million in liquidations, exceeding BTC liquidations ($35.79m) by 74%.
source: Coinglass
  • Hong Kong is launching its third batch of tokenized bonds as part of a sweeping digital asset strategy to cement its position as Asia's crypto finance leader, enhancing its financial infrastructure and attractiveness to global investors and fintech companies.
  • Toncoin surged 10% to $3.03 on Sunday after The Open Network claimed that staking $100,000 worth of TON for three years would make applicants eligible for UAE's 10-year golden visa program, with Telegram CEO Pavel Durov amplifying the announcement. However, TON retraced 6% to $2.84 after UAE authorities including the Emirates News Agency issued a joint statement denying the claim and clarifying that digital currency investments are unrelated to golden visa eligibility.
  • Vitalik Buterin has proposed EIP-7983, an Ethereum improvement proposal that aims to cap transaction gas at 16.77 million to boost the network's security, stability, and compatibility with zero-knowledge virtual machines.
  • Block CEO Jack Dorsey has launched a beta version of BitChat, a decentralized messaging app that uses Bluetooth mesh networks for internet-free, encrypted communication, as outlined in a recently released white paper.
  • According to a post on X by blockchain analytics firm Lookonchain, a Bitcoin whale holding at least 80,009 BTC ($8.69 billion) awakened after 14+ years of dormancy to transfer 40,000 BTC ($4.35 billion) from wallets that originally acquired the coins in 2011 when Bitcoin traded between $0.78 and $3.37.
  • Cybersecurity firm SlowMist discovered a fake GitHub repository posing as a Solana trading bot that distributed malware to steal crypto wallet credentials, highlighting the risks of phishing scams in the cryptocurrency space.