BTCC Crypto Daily (7.8)｜53 Crypto Firms Licensed under MiCA in the EU, Dovish Signals from the Fed Intensify
By:C, Fiona1.Overview
- Kevin Warsh, a leading candidate for Fed Chair: Interest rates should be lowered further
- The EU has issued MiCA licenses to 53 crypto firms
- Goldman Sachs suggests the Fed may cut rates as early as September
- Trump announces new tariffs on Japan, South Korea, and other nations starting August 1
2.Macro & Policy Outlook
Key Events Today
- The New York Fed’s June 1-year inflation expectations to be released today (prior: 3.20%)
- Weekly position report from the CFTC
- Reserve Bank of Australia announces rate decision, keeping benchmark rate unchanged at 3.85%
- ECB Executive Board Member Joachim Nagel to deliver a speech
Global Macro Developments
1.Kevin Warsh, a leading candidate for Fed Chair: Interest rates should be lowered further
Kevin Warsh, former Fed Governor and a leading candidate to succeed as Fed Chair, stated: “The Fed’s decision to maintain its current policy rate is deeply frustrating for the President, and I fully sympathize with him. Rates should be cut to much lower levels.” He also emphasized that Trump’s tariff policies will not have an inflationary impact.
2.Trump announces new tariffs on Japan and other countries starting August 1
U.S. President Donald Trump announced that starting August 1, 2025, the U.S. will impose a 25% tariff on imports from Japan, South Korea, Malaysia, and Kazakhstan; 30% on goods from South Africa; and 40% on goods from Laos and Myanmar. This move signals the U.S. government’s shift to unilateral tariff measures against countries that have not yet reached trade agreements with the U.S.
3.Japanese Prime Minister: No agreement reached with the U.S., Japan should not yield easily
Japanese Prime Minister Shigeru Ishiba commented on the tariff issue, stating that no agreement has been reached between Japan and the U.S. Japan will continue dialogue with the U.S. in pursuit of a mutually beneficial deal. He added that past negotiations helped Japan avoid tariffs rising to 30%-35%. The U.S. has proposed to continue discussions up until the new August 1 deadline.
4.Fed Research Report: Economic uncertainty could bring back zero interest rate risk
A joint report by the New York Fed and the San Francisco Fed noted that although short-term rates are currently elevated, the possibility of Fed policy rates returning close to zero in the coming years remains. The report stated that the medium-to-long-term risk of the target rate falling back into an ultra-low range “has dropped to its lowest level in 15 years,” but in the context of growing economic uncertainty, the likelihood of a return to near-zero rates “remains significant.”
5.The EU has issued MiCA licenses to 53 crypto firms
According to new data shared by Circle executive Patrick Hansen, the EU has issued MiCA licenses to 53 entities, allowing them to operate under a “passporting” regime across 30 EEA countries without needing to apply in each jurisdiction individually. Among them, 14 firms have been authorized to issue stablecoins or electronic money tokens (EMTs).
Traditional Asset Correlation
- All three major U.S. stock indexes fell: the Nasdaq dropped 0.92%, the S&P 500 declined 0.79%, and the Dow Jones rose 0.94%.
- Spot gold fell 0.2% to $3,331.7/oz.
- WTI crude oil (USOIL) declined 0.32% to $67.65/barrel.
3.Crypto Market Snapshot
1. Spot Performance of Major Cryptocurrencies
(as of July 8, 2025, 14:00 HKT)
2.Futures Capital Flow Analysis
According to Coinglass data on July 8, BTC, ETH, DOGE, SUI, WIF, SOL, LINK, and other tokens saw leading net outflows in futures trading over the past 24 hours, indicating possible trading opportunities.
3. Bitcoin Liquidation Map
As per Coinglass data on July 8, assuming a current price of $108,143, if Bitcoin drops below $107,000, cumulative long liquidations across major CEXs may reach $730 million. Conversely, if Bitcoin breaks above $109,000, cumulative short liquidations could reach $310 million. It is advisable to manage leverage levels carefully to avoid large-scale liquidations during volatile market conditions.
4. Bitcoin Long/Short Ratio
As of July 8, 14:00 HKT, the global Bitcoin long-short ratio reported by Coinglass stands at 0.9, with longs at 47.38% and shorts at 52.62%.
5. On-Chain Monitoring
- According to @OnchainLens, Circle has minted $17.5 billion worth of USDC on the Solana blockchain since the beginning of 2025.
- Arkham data shows that a wallet address labeled “U.S. Government” suddenly transferred $10 worth of ETH, likely a test transaction.
4.Blockchain Headlines
- UAE government clarifies: Digital currency investors do not qualify for the golden visa
- Hong Kong Secretary for Financial Services and the Treasury: Goal is to issue stablecoin licenses within this year
- Robinhood spokesperson: Indirectly holds OpenAI shares through an SPV; OpenAI token prices are tied to the SPV’s share value
- Hong Kong’s virtual asset OTC custody services may be primarily regulated by the SFC instead of customs
- Babylon: To launch Bitcoin multi-staking testnet in Q3 2025
- Polymarket: 56% probability that WLFI’s FDV exceeds $13 billion after its first day of launch; one public sale may see a return of up to 867%
- Trader Eugene: Betting on a market breakout this week and has reopened long positions in ETH
- Bitcoin spot ETFs recorded a net inflow of $770 million last week, marking the fourth consecutive week of inflows
- Jito (JTO) unlocks approximately 11.3 million tokens today, valued at around $25 million
- Neon (NEON) unlocks approximately 53.91 million tokens, accounting for 22.51% of its circulating supply, worth around $5 million
5.Institutional Insights · Daily Picks
- Goldman Sachs: With reduced tariff pressure and easing inflation, the Fed may cut rates earlier in September. Chief U.S. Economist David Mericle sees a slightly greater than 50% chance of a September rate cut. The terminal rate forecast has been lowered to 3.00%-3.25%, down from the prior 3.50%-3.75%.
- Greeks.live: Bitcoin bears are preparing to attack the $105,000 level, which is also the critical price level that bulls must defend.
- QCP Capital: Bitcoin volatility remains near historic lows. A breakout above $110,000 could trigger fresh buying interest. Some large institutions continue to accumulate September $130,000 call options.
- Matrixport: The market currently lacks fresh catalysts, and most retail investors appear to have entered “summer vacation mode” early.
6.BTCC Exclusive Market Analysis
On July 8, Bitcoin prices continued to range weakly between $107,800 and $108,600, currently hovering around $108,300. The 4-hour chart shows MA5, MA10, and MA20 converging, with price candles fluctuating tightly around these moving averages. The MACD indicator is in a bearish crossover, with diminishing red histogram momentum. Signal lines are lingering below the zero axis, indicating weak short-term bullish sentiment.
Kevin Warsh, a leading candidate for the next Fed Chair, publicly called for lower interest rates and dismissed inflation concerns from Trump’s tariffs—his stance is distinctly dovish and reinforces the market’s expectations for rate cuts within the year. Simultaneously, a joint report from the New York and San Francisco Feds highlighted that “the possibility of returning to near-zero interest rates in the medium to long term remains significant,” suggesting a policy shift from “holding steady” to “preemptive pivot” may be underway.
Overall, Bitcoin is currently in a convergence zone of “dovish policy bias, cautious market sentiment, and technical consolidation.” From a trading perspective, close attention should be paid to the effectiveness of the $108,000 support level. A breakdown may lead to a retest of the previous low around $106,500; conversely, a breakout above $109,000 may pave the way for a renewed push toward the $110,800 resistance zone. Investors are advised to closely monitor macro variables—such as developments in tariff negotiations—during this high-impact news window for their implications on risk assets.
Risk Disclaimer: The content above is for informational purposes only and does not constitute investment advice or trading guidance. Markets involve risks. Please conduct your own due diligence and manage risks carefully.
How to Trade Crypto on BTCC?
This brief instruction will assist you in registering for and trading on the BTCC exchange.
Step 1: Register an account
The first step is to hit the “Sign Up” button on the BTCC website or app. Your email address and a strong password are all you need. After completing that, look for a verification email in your inbox. To activate your account, click the link in the email.
Step 2: Finish the KYC
The Know Your Customer (KYC) procedure is the next step after your account is operational. The main goal of this stage is to maintain compliance and security. You must upload identification, such as a passport or driver’s license. You’ll receive a confirmation email as soon as your documents are validated, so don’t worry—it’s a quick process.
Step 3. Deposit Funds
After that, adding money to your account is simple. BTCC provides a range of payment options, such as credit cards and bank transfers. To get your money into your trading account, simply choose what works best for you, enter the amount, and then follow the instructions.
Fiat Deposit. Buy USDT using Visa/Mastercard (KYC required).
Crypto Deposit. Transfer crypto from another platform or wallet.
Step 4. Start Trading
If you wish to follow profitable traders, you might go for copy trading, futures, or spot trading. After choosing your order type and the cryptocurrency you wish to trade, press the buy or sell button. Managing your portfolio and keeping track of your trades is made simple by the user-friendly interface.
Look more for details: How to Trade Crypto Futures Contracts on BTCC
BTCC FAQs
Is BTCC safe?
Based on its track record since 2011, BTCC has established itself as a secure cryptocurrency exchange. There have been no reports of fraudulent activity involving user accounts or the platform’s infrastructure. By enforcing mandatory know-your-customer (KYC) and anti-money laundering (AML) procedures, the cryptocurrency trading platform gives consumers greater security. For operations like withdrawals, it also provides extra security features like two-factor authentication (2FA).
Is KYC Necessary for BTCC?
Indeed. Before using BTCC goods, users must finish the Know Your Customer (KYC) process. A facial recognition scan and legitimate identification documents must be submitted for this process. Usually, it is finished in a few minutes. This procedure has the benefit of strengthening the security of the exchange and satisfying legal requirements.
Because their accounts will have a lower daily withdrawal limit, those who do not finish their KYC are unable to make deposits. It should be noted that those who present a legitimate ID without a facial recognition scan will likewise have restricted withdrawal options.
Is There a Mobile App for BTCC?
Indeed. For users of iOS and Android, BTCC has a mobile app. The exchange’s website offers the mobile app for download. Since both the web version and the mobile app have the same features and capabilities, they are comparable.
Will I Have to Pay BTCC Trading Fees?
Indeed. BTCC levies a fee for trade, just like a lot of other centralised exchanges. Each user’s VIP level, which is unlocked according to their available money, determines the different costs. The BTCC website provides information on the charge rates.
Can I Access BTCC From the U.S?
You can, indeed. According to its website, BTCC has obtained a crypto license from the US Financial Crimes Enforcement Network (FinCEN), which enables the cryptocurrency exchange to provide its services to investors who are headquartered in the US.
According to BTCC’s User Agreement document, its goods are not allowed to be used in nations and organisations that have been sanctioned by the United States or other nations where it has a licence.
BTCC Guide:
How to Trade Crypto Futures Contracts on BTCC
BTCC Guide-How to Deposit Crypto on BTCC?
What is Crypto Futures Trading – Beginner’s Guide
What is Leverage in Cryptocurrency? How Can I Trade at 100X Leverage?
BTCC Review 2024: Best Crypto Futures Exchange
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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