Odaily News Sunil, the representative of FTX creditors, updated the FTX claim distribution information on the X platform. The total amount of restricted jurisdiction claims is $470 million. China is the largest holder of FTX debt, with $380 million in claims (accounting for 82% of restricted claims). There are $290 million in claims for unfinished KYC (Bahamas), a total of $660 million in disputed claims, a total of $1.4 billion awaiting claims resolution, and a total of $11 billion in claims are expected to be allowed.

Odaily News Nomura Securities analysts said in a research note that as the July 9 deadline approaches, markets may be volatile. The near-term outlook may depend on several key factors, including tariff rates, the effective date of such tariffs and the countries involved in the new agreement. "While uncertainty remains high across a variety of possible scenarios, we believe that further clarity on trade tariffs may actually help markets ultimately move higher," the analysts said. They said a new tariff agreement could reduce uncertainty and allow investors to temporarily focus on other positive developments, such as the Fed's rate cut theme and artificial intelligence narrative. (Jinshi)

Odaily News According to the official announcement, Binance will launch the MUSDT perpetual contract at 9:30 (UTC) on July 7, 2025, supporting up to 50 times leverage. The contract supports multi-asset mode, with a funding rate cap of ±2.00% and settlement every 4 hours. (This newsletter is generated by AI)

Odaily News Market data showed that Hong Kong stocks' cryptocurrency concepts continued to rise in the afternoon, with Guotai Junan International (01788.HK) rising by more than 10%, followed by Xinhuo Technology Holdings (01611.HK), Huaxing Capital Holdings (01911.HK), Boyaa Interactive (00434.HK) and other stocks.

Odaily News Matrixport released today's chart, saying that retail trading activity in the crypto market has continued to be weak this year. South Korea's daily spot trading volume has dropped to US$775 million, and Binance's average daily trading volume has also shrunk to US$5 billion, a new low since September 2024. The obvious decline in trading volume reflects the overall decline in retail investors' enthusiasm for participation. Since the launch of the TRUMP coin in January, market trading has gradually weakened. With the unlocking of $782 million in TRUMP tokens next week, the new supply may further aggravate market selling pressure, and some holders may leave the market to cash out. If there is a lack of sufficient buying, short-term volatility may intensify. The current market lacks new driving factors, and most retail investors seem to have entered the "summer break mode" ahead of schedule.

Odaily News According to official news, users with Binance Alpha points greater than or equal to 202 can participate in the Palio AI (PAL) TGE event through the Alpha event page. Participating in the event will consume 15 points. According to previous news, Binance Wallet will exclusively launch the Palio AI (PAL) token TGE from 4 to 6 pm on July 7, 2025. Eligible users need to use Binance Alpha points to participate in the subscription.