According to CoinWorld, European Central Bank (ECB) Governing Council member Stournaras stated that with the unexpected drop in energy prices and slowing inflation in the Eurozone, the central bank may not need to further tighten policy after its June rate hike. Latest data shows that Eurozone consumer price inflation fell to 2.8%, lower than expected. He pointed out that the focus should now be on how businesses pass on changes in energy costs and the impact of the AI investment boom on the overall price system. Stournaras stated, "I don't think anything will change in July unless the situation deteriorates significantly." He tends to believe that policy should remain unchanged for some time. The ECB had previously raised interest rates to 2.25%. Regarding energy, he mentioned that Gulf central bank officials believe the recent shocks have had limited damage to energy infrastructure, and that Iran may release more crude oil supplies in the future, contrary to previous market assessments of energy shortages. He also warned that rising energy prices tend to be quickly transmitted to end users, but falling prices are transmitted more slowly, reflecting insufficient competition in some European markets. Furthermore, the AI investment boom may also affect the prices of electronic products, especially imports from South Korea and Taiwan.

According to Odaily, the Spanish National Securities Market Commission has authorized cryptocurrency platform Venga to operate under the EU's Crypto Asset Market Regulation Act (MiCA), making it one of the few entities in Spain to receive MiCA approval. The MiCA transition period took effect on July 1st, requiring digital asset companies previously operating under national rules to obtain formal approval under the new system or cease providing regulated services in the EU. This authorization allows Venga to provide services within the 27 EU member states under a single regulatory framework. Venga co-founder and CEO Michael Stroev stated that the MiCA review covers ownership structure, corporate governance, management qualifications, risk framework, and product infrastructure. Previously, over 3,000 crypto companies held local virtual asset service provider registrations in the EU, but currently only about 240 companies have received full MiCA authorization, with fewer than 15 approved in Spain.

In the past hour, total liquidations across the network reached $12.35 million, with $6.92 million from long positions, with $5.44 million from short positions. BTC liquidation $1.84 million, ETH liquidation $2.32 million.

According to Odaily Planet Daily, Tom Lee posted on the X platform that he was pleased to see the Ethereum Foundation carefully addressing key issues concerning the role of governments and policy markets in financial infrastructure, economics, and the crucial role of neutral blockchains like Ethereum.

Streamex Corp. announced that its gold-backed, tokenized yield-generating security, GLDY, is now available for purchase through regular brokerage accounts. Distributed by FINRA member broker Siebert Financial and custodied by the regulated digital securities platform tZERO, the product is offered by Streamex to accredited investors. GLDY offers a maximum annualized yield of approximately 3.5%, distributed monthly in the form of additional gold, with returns derived from lending the underlying metal to commercial users such as jewelers, mints, and refiners. Streamex stated that GLDY launched in February and gained 24/7 secondary trading on the Solana decentralized exchange Orca in May. Currently, GLDY is only available to verified accredited investors as a regulated security. Streamex is building a tokenization platform for real-world assets and plans to launch digital gold products for general investors, expected to be tradable on decentralized exchanges such as Jupiter, Meteora, and Orca.