TokenPost
Hello. This is the TokenPost podcast.
Host
Yes, hello.
TokenPost
Are you wrapping up your day well? Since you're probably on your way home from work, we hope you can spend a moment with us in a relaxed mood. Today, on July 7th, 2025, we'll try to explain the main cryptocurrency market trends and notable news in an easy-to-understand way.
Host
Yes, looking at the market overall, it felt somewhat mixed.
TokenPost
Mixed?
Host
Yes, but Bitcoin and Ethereum rose slightly, and major altcoins also showed a decent trend, so it wasn't bad at all.
TokenPost
That's fortunate. Let's take a closer look at the market prices? Based on just after 4 PM today, Bitcoin BTC rose 0.59% from the previous day to around $108,800
Host
Yes, that's almost 149 million won in Korean currency.
TokenPost
That's right. And Ethereum ETH rose 1.7% to $2,565, which is about 3.5 million won.
Host
XRP also rose about 1.19%, and SOL rose over 2%, with a slightly larger increase.
TokenPost
Oh, Solana did well.
Host
Yes, looking at other altcoins, BNB rose about 0.88%, Cardano 1.38%, TRON 1.46%. Dogecoin especially stood out, rising over 5%.
TokenPost
Wow, Dogecoin.
Host
So the total market cap is now about $3.35 trillion, which is close to 460 trillion won.
TokenPost
The market size is still large. How was the trading volume?
Host
The 24-hour trading volume is around $89 billion. So it's not a dead market and is maintaining some vitality.
TokenPost
Hmm, but Bitcoin's market share decreased slightly while Ethereum's increased?
Host
Ah yes. Bitcoin's market share dropped to 64.45%, down 0.17%, while Ethereum increased to 9.22%, up 0.08%. This could be interpreted as funds slightly flowing into altcoins.
TokenPost
I see. And there were interesting movements in DeFi and stablecoin sectors.
Host
Yes. The DeFi market cap is $86.9 billion, with a 24-hour trading volume of $31.4 billion, which increased by over 9% from the previous day.
TokenPost
Oh, DeFi trading was active.
Host
Yes, but conversely, stablecoins, which are dollar-pegged, have a market cap of $237.9 billion, but the 24-hour trading volume dropped to $85 billion, a decrease of over 41% from the previous day.
TokenPost
41%? Wow, that's quite meaningful. Should we see this as funds flowing out?
Host
There's a possibility of that, or it could simply be that trading activity has slowed down. We'll need to observe the fund flow changes from a market stability perspective.
TokenPost
But while stablecoin trading decreased, derivatives trading increased dramatically, which is somewhat ironic.
Host
Yes, that's a real point of interest. The 24-hour derivatives trading volume is a massive $828.9 billion, about 113.4 trillion won, which is a 66.78% surge from the previous day.
TokenPost
67%? Wow, what's this? Why did it suddenly increase so much?
Host
This could mean investors are either avoiding risk or taking more aggressive positions using leverage. It signifies increased betting on short-term volatility.
TokenPost
It seems like divergent views on market direction led to more speculative movements.
Host
Yes, precisely. It's quite a dynamic situation.
Host
Yes, there are some regulatory news updates. Turkish authorities have blocked access to 46 decentralized exchanges (DEX), such as PancakeSwap, which they claim are operating without permission.
TokenPost
That's how they do it.
Host
And Shenzhen, China, has officially warned about illegal financial activities using stablecoins, such as fraud and money laundering.
TokenPost
China is still keeping a close eye on things.
Host
That's right. Ukraine has imposed sanctions, including asset freezes, on 60 cryptocurrency companies that helped Russia evade sanctions, including mining companies and exchanges. Regulatory movements continue in various countries.
TokenPost
On the other hand, is the atmosphere in the US different? They say that ETF capital inflows continue.
Host
Yes, in the US, the Bitcoin spot ETF had a net inflow of $770 million, almost 1 trillion won, last week. This is already the fourth consecutive week of net inflows. Over $200 million has also flowed into the Ethereum spot ETF.
TokenPost
Institutional interest remains strong.
Host
Yes, and because of that, we continue to hear about companies buying Bitcoin. The Japanese listed company Metaplanet bought more, and companies like the French Double Blockchain Group and the UK's Smart Web Company are continuing to make additional purchases.
TokenPost
There was some movement. BNK Financial Group and the operator of Byproost filed a trademark for a won-based stablecoin.
Host
Yes, that's right. BNK Holding, Busan Bank, Gyeongnam Bank, and Pylab Technology, which operates Byproost, have each filed trademarks related to won-based stablecoins. Now, domestic financial institutions and blockchain companies are showing serious interest.
TokenPost
This is also a noteworthy trend. There was also some technical news about Vitalik Buterin's proposal.
Host
Yes, Ethereum founder Vitalik proposed a technical improvement called EIP-7983, which essentially aims to limit certain transactions from using too much gas to prevent DoS attacks and improve network stability.
TokenPost
Ah, it's for network stability.
Host
Yes, lastly, this is an interesting piece of news. You know Twitter co-founder Jack Dorsey. He has released the beta version of a P2P message app called BitChat. It's a decentralized app that allows encrypted communication even without an internet connection.
TokenPost
Without the internet? Wow, that's amazing.
Host
Yes, so this shows that decentralized technology is now expanding beyond finance into communication areas.
TokenPost
Wow, there were so many diverse stories today. It seems like the market continues to be in a complex situation with regulations, innovation, institutional investment, and hacking threats all mixed together.
Host
Yes, that's right. So the things we've covered today, especially regulatory trends, security issues, and the rapid changes in the derivatives market I mentioned earlier, could continue to impact the market, so it's good to keep an eye on them.
TokenPost
Yes, we hope this discussion has been somewhat helpful in understanding the market.
Host
Yes, we hope so too.
TokenPost
This is the TokenPost podcast.
Host
Thank you.
