Odaily News According to the official announcement, Binance will adjust the mortgage rates of some assets under the PortfolioMargin model in batches at 06:00 (UTC) on July 8, 2025 and 06:00 (UTC) on July 11, 2025. The adjustment on July 8 involves 6 assets including VIRTUAL and ONDO, and the adjustment on July 11 involves 6 assets including THETA and DYDX. For details of the specific adjustment ratio, please refer to the announcement. (This newsletter is generated by AI)

Odaily News Trader Eugene posted in his community: "I'm betting that the market will break out this week, and the main target I chose after careful consideration is ETH. Although I vowed not to touch it again in late 2024 and early 2025, I now realize that ETH's position structure and market tailwinds have changed significantly. The main logic is summarized as follows: 1. Structural positions are extremely light: In April 2025, ETH suffered a severe market blow, falling from $4,000 to $1,300, and the ETH/BTC exchange rate also hit a multi-year low of 0.018. The plunge was accompanied by a full-scale capitulation sell-off by traders and early whales. Since then, ETH has been traded in a significantly different way than in the past two years. Nowadays, except for developers, almost no one regards ETH as a core position, and most traders even refuse to touch it. Because of this, from the structural perspective of the high time frame (HTF), the current lightness of ETH's position is almost the lowest in three years. 2. ETH Will become the stablecoin and infrastructure main chain that institutions and traditional finance bet on: Although this statement has been mentioned frequently recently, I was skeptical at first, but if we look objectively at the regulatory progress that the United States has actively promoted recently, it is not difficult to speculate that institutions will sooner or later find new configuration directions outside of BTC. ETH currently hosts more than 90% of stablecoins, and this dominance is likely to continue. Considering the higher risks faced by other L1s, there is almost no commercial reason to switch tracks. In addition, traditional financial representatives such as Tom Lee have also begun to express their recognition of ETH, and the US Stablecoin Act is being passed, ETH is gradually gaining support from the perspective of "legal and compliant" institutions. 3. ETH prices have a lot of room for catch-up: Although this point itself may not be decisive, once the market starts momentum, the "lag" of ETH prices compared to BTC can easily become a point of communication. Buyers of traditional finance often have "information lags", which means that the narrative of "it's not too late to buy ETH now" may become popular. If ETH returns to its historical high (about 85% increase), ETH/BTC will only return to the level of 0.044 in September 2024. Even if ETH/BTC If BTC breaks through $110,000, the bull market will most likely restart, and ETH usually does not lag behind during this period. ETH's usual weak phase often occurs when BTC is sideways or falling. After careful consideration, I firmly believe that ETH is a clear bet from a medium-term structural perspective, and I have built a position accordingly. "

Odaily News According to the monitoring of on-chain data analyst @ai_9684xtpa, Polymarket predicts that the probability of "FDV exceeding US$13 billion after the first day of WLFI's launch" is 56%. In terms of institutional costs, a total of 5 institutions (Tron DAO / Web3Port / Oddiyana Ventures / DWF Labs / Aqua1 Fund) participated in the strategic round of financing, investing at least US$210 million; among the institutions with known costs, DWF Labs's cost is twice that of Web3Port. In terms of public offering round costs, two rounds of public fundraising raised a total of US$550 million: the first round raised 300 million yuan at a cost of US$0.015, the lowest of the currently disclosed costs; the second round raised US$250 million, with the cost increased to US$0.05, which is the same as the book cost of Web3Port and much lower than the cost of DWF. If the FDV on the first day is really US$13 billion, the return rate of the first round of public offering will be as high as 867%, and the second round will also be 260%. In addition, there is another uncertain factor, which is the "TGE unlocking ratio", which needs to wait for the transferable proposal to be passed before it can be further clarified.

Odaily News According to the official announcement, Binance will add "monitoring tags" to the following tokens starting July 7, 2025: BakeryToken (BAKE); IDEX (IDEX); Self Chain (SLF). Tokens marked as "monitoring" are usually more volatile and risky. Binance will regularly review their project performance. If they no longer meet the listing standards, the relevant tokens may face the risk of being delisted. Users must complete a risk test every 90 days before they can continue to trade these tokens. This adjustment does not affect other related services of the above tokens.

Odaily News In response to OpenAI's urgent rebuttal that it had not authorized Robinhood and stated that the so-called "OpenAI tokens" were not OpenAI shares, a Robinhood spokesperson stated that OpenAI tokens would provide investors with the opportunity to invest in OpenAI indirectly through Robinhood's ownership in the SPV, which means that Robinhood does not directly hold OpenAI shares, but only indirectly holds shares through a certain SPV, and then links the price of OpenAI tokens to the value of OpenAI shares held by the SPV. At this stage, Robinhood, Bybit and Kraken, the three trading platforms, have not provided U.S. stock tokenization services to U.S. customers, while Coinbase has submitted a pilot application to the U.S. Securities and Exchange Commission (SEC) to provide stock tokenization trading services to U.S. customers, which currently needs to be approved by the U.S. SEC. (Caixin.com)

Odaily News OKX CEO Star said on the X platform that only about 1% of users will receive inquiries about the source of funds or work and residence information in the past years. 99% of users will not be disturbed. These specific inquiries are not for the purpose of collecting user privacy information, nor are they for cooperating with any judicial investigation. They are just to clarify the facts and ensure that the platform is not abused. The reasons for false positives are generally: using browsers or VPNs such as TOR to access the dark web; abnormal login to multiple accounts on a single device; user names and certain sanctions or political figures databases have the same name, etc.; on-chain deposits and withdrawals have some connection with coin laundering addresses or protocols, etc. Users only need to provide information truthfully to complete these inquiries. Your assets and account security will not be affected in any way, and users will not be prevented from withdrawing coins. There are only a few cases where the platform freezes withdrawals, which are generally due to judicial freezes, terrorist finance, drug trafficking, sanctions, etc.