Ripple CEO confirms he’ll testify before Senate Banking Committee🤔

Ripple CEO Brad Garlinghouse will testify before the U.S. Senate Banking Committee on Wednesday, July 9, 2025, as part of a hearing on crypto market structure. The session, led by the committee's Subcommittee for Digital Assets, will feature several key industry figures. Garlinghouse called it an honor to be invited, with his appearance coming amid significant shifts in U.S. crypto regulation.

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Ethereum price analysis: Harmonic pattern signals run to $3,200🔹

Ethereum is trading at a key resistance zone around $2,590, which aligns with the 0.618 Fibonacci retracement and the midpoint of a key price channel. While overall bullish momentum is strong, this level may act as a short-term barrier. A potential harmonic pattern suggests a possible pullback before a larger bullish breakout occurs.

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The number of BONK holders is about to exceed 1 million, at which point 1 trillion BONK tokens will be burned.👀

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After more than 3 years of inactivity, a certain ancient address withdrew 610.97 ETH from a CEX and staked it, equivalent to approximately $1.55 million.🔥

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Dubai approves tokenized money market fund to promote RWA development

According to The Block, the Dubai Financial Services Authority (DFSA) has approved QCD Money Market Fund (QCDT) as a tokenized money market fund in the Dubai International Financial Center. The fund is a joint project between Qatar National Bank and DMZ Finance.

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The pre-market trading price of Eclipse token ES is currently $0.3477, and the total circulation valuation is $347.7 million

According to Whales Market data, the pre-market trading price of Ethereum's first SVM Layer2 network Eclipse token ES is currently $0.3477, and the total pre-market trading volume has reached $440,000. According to Coingecko data, the total circulation volume determined by the ES token contract is 1 billion, and the pre-market trading price corresponds to a full circulation valuation of $347.7 million.

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SOON team responds to abnormal price fluctuations: no tokens sold, product development will continue

SOON co-founder and CEO Joanna Zeng said in a post that the SOON community and project have recently faced abnormal token price fluctuations. The SOON team's preliminary investigation found that the fluctuations were suspected to be organized manipulation, with multiple assets involved, including SOON, with the intention of creating panic and profiting from it.

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Aevo launches Aevo Degen, a US stock trading platform that supports 1000x leverage, and has launched COIN, HOOD, and CRCL

According to official news, Aevo announced the launch of Aevo Degen, a US stock trading platform that supports 1000x leverage, and now supports long or short positions in the following stocks: Coinbase (COIN), Robinhood App (HOOD), Circle (CRCL). More trading pairs will be launched soon.

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🗞 July 8 2025 cryptocurrency news highlights

【Cryptocurrency】
UAE Denies Golden Visa for TON Crypto Investors 🙅

【Economy】
Dubai approves tokenized money market fund to promote RWA development

【Indicators】
After more than 3 years of inactivity, a certain ancient address withdrew 610.97 ETH from a CEX and staked it, equivalent to approximately $1.55 million.🔥

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A whale has built a position of 625,765 TRUMP in the past 40 days, with a floating loss of US$904,000😠

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On-Chain Metric Suggests $100K Was Bitcoin’s Bottom 💡

A key Bitcoin inflow/outflow volume metric indicates that $100K may mark the market bottom, as short sellers failed to push prices lower. While some analysts remain cautious, the data suggests strong support at current levels and potential for a renewed rally.

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Ethereum mega whales have boosted holdings by 9.3%, outpacing pre-2022 rally levels, as $ ETH eyes a breakout 🐳

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Prediction: Bitcoin Will Become a Reserve Currency💰

Bitcoin is not yet widely held by central banks but shares key traits with traditional reserve assets like gold. As global finance becomes more digital, analysts predict that within the next decade, some central banks may adopt Bitcoin as a reserve asset due to its value as a decentralized, long-term store of value and hedge against economic instability.

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Trump Trade Deal Imminent — Gold Slips While Bitcoin Holds Firm📣

spot gold (XAUUSD) briefly dropped below $3,300 before recovering to $3,304.12. The dip reflects rising market risk appetite as investors anticipate a breakthrough in U.S. trade negotiations, causing a sharp divergence between gold and Bitcoin prices.

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South Korea plans to include crypto companies in the category of start-ups to enjoy policy benefits

According to The Block, the Ministry of Small and Medium Venture Enterprises of South Korea issued an announcement today, announcing plans to amend the current "Special Act on the Promotion of Venture Enterprises" to allow virtual asset trading and brokerage service providers to register as "venture enterprises", thereby making them eligible for relevant government support policies.

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Ripple's stablecoin RLUSD has a market value of $500 million within 7 months of its launch

According to CoinGecko data, the US dollar stablecoin RLUSD launched by Ripple has a market value of $500 million within 7 months of its launch. The product is issued on XRP Ledger and Ethereum and ranks among the top 20 US dollar stablecoins, with a daily trading volume of approximately $26 million.

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GMX is suspected to have suffered a loss of approximately $42 million in assets, with the hacker's address receiving initial funding from Tornado.

According to on-chain analyst Yujin Monitoring, GMX may have been hacked approximately 1.5 hours ago, with assets worth about $42 million stolen, including WBTC/WETH/UNI/FRAX/LINK/USDC/USDT.

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Holding Bitcoin has been profitable for over 99.8% of its history.

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🗞 July 9 2025 cryptocurrency news highlights

【Cryptocurrency】
Prediction: Bitcoin Will Become a Reserve Currency💰

【Economy】
South Korea plans to include crypto companies in the category of start-ups to enjoy policy benefits

【Indicators】
A whale has built a position of 625,765 TRUMP in the past 40 days, with a floating loss of US$904,000😠

【More】
Trump Trade Deal Imminent — Gold Slips While Bitcoin Holds Firm📣

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London BTC Company Limited is raising £1 million to £5 million, part of which will be used to increase its Bitcoin holdings😠

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