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.

Odaily News Virtuals Protocol officially released the Genesis mechanism update, saying that Virgens now has a unified interface where users can view and claim all Genesis airdrops (if eligible). Genesis airdrops will no longer be automatically issued, and users will need to manually claim if they meet the requirements.

Odaily News Analysis agency Jyske Markets believes that on the eve of the July 9 deadline for US tariff negotiations, the market showed some nervousness, but no panic. Jyske said that investors started the week with a wait-and-see attitude. Trump said that tariff letters will be sent as early as Monday to notify countries of the new tariffs, while the US Secretary of Commerce said that the tariffs will not take effect until August 1. "Although there is some nervousness today, the market seems to be much more relaxed in its response to the tariff situation, so the panic situation after Liberation Day on April 25 is not expected to repeat." Data this week is light, and tariffs will be the main focus. (Jinshi)