News on July 3

1. Institutional deposit dynamics:

Binance institutional custodian Ceffu deposited 7,705 ETH to Binance today, equivalent to $25.93 million. This large deposit may have a certain impact on the price of ETH and reflect a certain judgment or strategy of the institution on the current market environment.

2. Industry news:

Robinhood is planning to use the upcoming acquisition of Bitstamp to enter the cryptocurrency futures contract market. This news shows that traditional financial companies are further involved in the cryptocurrency field, which may promote the further development and maturity of the cryptocurrency market.

Coinbase and Ripple cited the Binance case ruling and asked the SEC to formulate a special cryptocurrency law. This incident emphasizes the importance of cryptocurrency regulation and may have an impact on the regulatory framework of the cryptocurrency industry in the future.

3. Market dynamics:

Bitcoin (BTC) prices continued to fluctuate today. Although the specific data is not included in the information provided, the overall market sentiment and price movements are still widely concerned.

Ethereum (ETH) annual network fee revenue reached $2.728 billion, ranking first among blockchains. This data highlights the important position of Ethereum in the cryptocurrency field and may have a positive impact on its future development and price.

4. Community dynamics:

Victor Ji, co-founder of Manta Network, hopes that Polkadot will clarify whether it discriminates against Asian developers, especially Chinese developers. This incident has triggered a discussion in the community about fairness and inclusiveness, which may have a certain impact on Polkadot and its related projects.