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SoSo Daily Jul 6 | Toncoin Partners with UAE to Offer 10-Year Golden Visa to TON Stakers

#Crypto Stocks
SoSo Newsletter
3KWords
Jul 6, 2025

Let's turn our attention to today's overall Crypto market situation.
As of 5:59 PM Hong Kong time on July 6, 2025, according to sosovalue, the total market cap of the crypto market stands at 3.44 trillion US dollars, witnessing a decrease of 2% compared to yesterday; the total trading volume is 55.48 billion US dollars, marking an increase of 4.43% from the previous day.

Cryptocurrency Market Update - July 6, 2025

According to sosovalue, the price of $BTC is 108,920 USD, an increase of 0.767% from yesterday. The market cap of $BTC is 2.17 trillion USD, accounting for 63% of the total market cap; $BTC's 24-hour trading volume is 12.68 billion USD, making up 22.9% of the total trading volume.
The price of $ETH is 2,547.4 USD, up 1.75% from yesterday; the market cap of $ETH is 307.51 billion USD, representing 8.94% of the total market cap; $ETH's 24-hour trading volume is 8.31 billion USD, comprising 15% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 71.94% of the total cryptocurrency market cap, and their combined trading volumes constitute 37.9% of the total trading volume.



After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 17:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is $MYX Finance. As of 17:50 today, its market cap is 13.03M, with a $coin price of 0.10440 USD, witnessing a 24-hour increase of 83.5%.
The second is Top Hat. As of 17:50 today, its $coin price is 0.0013431 USD, with a 24-hour increase of 72.1%.
The third is StormX. As of 17:50 today, its $coin price is 0.00017650 USD, showing a 24-hour increase of 46.2%.
In fourth place is MemeCore. As of 17:50 today, its $coin price is 0.085405 USD, with a 24-hour rise of 41.3%.
In fifth place is DOSE. As of 17:50 today, its $coin price is 0.00015789 USD, increasing by 39.6% over the last 24 hours.


Sector Performance in Crypto Market

According to sosovalue, out of 15 sectors, 15 are up and 1 is down. Notably, SocialFi, Meme, and RWA sectors are worth mentioning.

SocialFi sector has risen 5.36% relative to the UTC 0 time, led by gains in $UXLINK (13.3%), $cbk (10.4%), and $ton (5.98%).

Meme sector has increased 4.95% relative to UTC 0, with $M (39.3%), $bonk (24.4%), and $trump (19.5%) leading the rise.

RWA sector has risen 2.92%, with $solo (14.4%), $cfg (13.8%), and $MGT (11.9%) leading the rise.



Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Toncoin has announced a partnership with the UAE government to offer UAE "Golden Visas," valid for 10 years, to eligible $TON token stakers. The program aims to attract high-net-worth individuals and crypto investors to support the $TON network through long-term staking while enjoying the residency and business benefits of the UAE. [Wu Shuo]
Next news:According to official sources on July 6th, Binance Alpha has listed Metaplex ($MPLX). Users with at least 140 Binance Alpha points can claim an airdrop of 400 MPLX. Claims are on a first-come, first-served basis until the quota is exhausted or the event ends. Please note that claiming the airdrop will cost 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, otherwise they will be deemed to have forfeited the claim. [深潮 TechFlow]
Next news:Vitalik Buterin and Toni Wahrstätter have jointly proposed EIP-7983, suggesting setting the gas limit for a single Ethereum transaction to 16.770 million (independent of the block gas limit). This aims to enhance the network's resistance to DoS attacks and alleviate issues such as uneven load distribution, state bloat, and block verification delays caused by high gas transactions, while also optimizing zkVM compatibility and parallel execution efficiency. The proposal is currently in the draft stage. [吴说]
Next news:According to Arkham monitoring, a Matrixport address withdrew 15,000,000 USDT from Binance in the last hour, and then transferred it to associated addresses in batches of 5,000,000 USDT each. Previously, a suspected Matrixport address had cumulatively withdrawn over 50,000 $ETH from Binance in recent days. [Wu Shuo]
Next news:Hong Kong's Financial Secretary Paul Chan Mo-po published a blog post titled "Exploring New Markets and Developing New Fields to Promote Development Through Incremental Growth," which pointed out that the market generally has a positive outlook on the performance of Hong Kong stocks and the IPO market in the second half of the year. Exchange Traded Products (ETP) linked to different types of assets have become a vital force supporting the liquidity of Hong Kong stocks in recent years. Currently, there are more than 210 ETP products listed in Hong Kong, with underlying assets including stocks, fixed income products, commodities, currencies, and even Digital Asset. In March of this year, Hong Kong welcomed Asia's first batch of leveraged and inverse products for individual stocks, including those tracking popular U.S. stocks such as NVIDIA, Tesla, Coinbase, and MicroStrategy. Their structure focuses on changes in the leveraged daily trend. These products not only enrich the market ecosystem but also provide more short-term trading and hedging tools. [Foresight News]
Next news:On July 6th, Strategy Executive Chairman Michael Saylor once again released information about the Bitcoin Tracker on the X platform, writing: "Sometimes you just need to HODL." According to previous patterns, Strategy always discloses information about increasing its Bitcoin holdings the day after such news is released. [深潮 TechFlow]
Next news:On July 6th, according to Jinshi reports, U.S. Treasury Secretary Bessent stated that if an agreement is not reached before August 1st, tariffs will return to April levels. [深潮 TechFlow]
Next news:According to Arkham monitoring, about 5 minutes ago, a suspected Abraxas Capital-labeled address transferred 1,000 $BTC, worth $108.23 million, to Kraken. [Odaily星球日报]
Next news:On July 6th, according to on-chain analyst Ai Yi (@ai_9684xtpa)'s monitoring, the address suspected to be that of staking and validation service provider Arthapala has recharged 5,850 $ETH, worth $14.73 million, to various trading platforms again in the past 5 hours. [Deep潮 TechFlow]
Next news:Bankless co-founder David Hoffman stated on the X platform that Ethereum's continued investment in trusted neutrality and MEV (Miner Extractable Value) minimization may bring additional advantages to its adoption in traditional finance (TradFi). He pointed out that blockchains like Robinhood that use a single sequencer do not have illegal MEV issues, but Ethereum's investment in fair MEV infrastructure is equivalent to "compliance" efforts in traditional finance. This investment may become an important driver for traditional financial institutions to choose Ethereum over other blockchains, further enhancing Ethereum's competitiveness in compliance and technical credibility. [Odaily星球日报]

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.

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