Airwallex is forming a stablecoin platform team and plans to build a global token settlement system

Odaily Planet Daily News: Nomura Securities analysts stated in a research report that as the July 9th deadline approaches, the market may experience volatility. The short-term prospects may depend on several key factors, including tariff rates, the effective dates of such tariffs, and the countries involved in the new agreement. Analysts said, "Although uncertainty remains high in various possible scenarios, we believe that further clarification of trade tariffs may actually help the market ultimately rise." They said that the new tariff agreement may reduce uncertainty and allow investors to temporarily focus on other positive developments, such as the Fed's interest rate cut theme and artificial intelligence narrative. (Golden Ten)

According to data shared by Sunil, a representative of FTX creditors, there are still approximately $1.4 billion in unresolved FTX debt distributions. Among them, the amount of creditor's rights in the restricted area was 470 million dollars, and Chinese creditors accounted for the largest share, holding 380 million dollars, accounting for 82% of the restricted creditor's rights. In addition, the amount of Bahamian debt that has not yet completed KYC certification is 290 million US dollars, and there are multiple disputed debts totaling 660 million US dollars. At present, FTX expects to allow a total debt amount of approximately $11 billion. Previously, FTX applied to the court for the implementation of a "restricted processing procedure", and China and other regions may lose their right to claim compensation.

According to Foresight News, the Director General of Invest Hong Kong, Liu Kaixuan, recently stated that there are potential stablecoin operators in talks with their financial teams to settle in Hong Kong. It is expected that related companies will land shortly after the implementation of the Stablecoins Ordinance next month. In the past two and a half years, 630 mainland enterprises have settled in Hong Kong, accounting for about 48%. Due to national policies supporting enterprises to go global, Hong Kong will become a springboard. We believe that mainland enterprises will still have a certain proportion among the enterprises that settle in Hong Kong in the future

Odaily Planet Daily News: AI and gaming platform Xterio launched the Palio (PAL) token staking activity today, providing participants with ultra-high profit opportunities. This event will last for 7 days (starting from 04:00 UTC on July 7, 2025), with a total reward pool of up to 8 million PAL tokens. Users can earn PAL rewards by staking XTER tokens, and the expected annualized return (ARR) of the XTER staking pool has exceeded 5281.71%. Previously, according to Binance's announcement, Palio (PAL) token will be exclusively launched for trading on Binance Wallet today.

CryptoQuant analyst Axel Adler Jr pointed out that according to the chart, whenever the 30 day percentile funding rate of major exchanges drops to around 50% (marked in green circles: September 2023, May 2024, September 2024, and April 2025), the market experiences a temporary bottom, followed by an upward trend. The last bottom occurred in April 2025, after which the price of Bitcoin rebounded to $112000, and the current funding rate percentile remains at 54%. He believes that this market structure indicates that the bullish trend is still continuing, and the next focus will be on funding rates reaching the level of 80%. If this level is exceeded, there may be excessive market enthusiasm and subsequent adjustment risks.