Key Takeaways
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Macro Environment: U.S. stock markets were closed on Friday for Independence Day. On Sunday, the U.S. Treasury Secretary revealed trade-related updates, with multiple trade agreements expected to be announced in the near future. Additionally, a mini trade deal between India and the U.S. has been completed. Optimism surrounding trade boosted U.S. stock index futures at the open.
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Crypto Market: Bitcoin showed narrow-range volatility over the weekend. Following the latest trade news, Bitcoin broke out of its consolidation range, successfully reclaiming the $109,000 level with a daily gain of 0.94%. The ETH/BTC ratio stands at 0.0235, up 1.2% from the previous day. Meanwhile, Bitcoin's market dominance fell slightly by 0.25%, indicating a catch-up rally in altcoins.
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Today's Outlook: NEON token unlock: 22.51% of circulating supply, valued at approximately $5 million.
Main Asset Changes
Crypto Fear & Greed Index: Crypto Fear & Greed Index: 73 (up from 66 24 hours ago), categorized as “Greed”
Project Highlights
Trending Tokens: BONK, TON
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TON: TON offered a 10-year UAE golden visa to users who staked $100,000 worth of Toncoin. The token surged over 10% after the announcement. However, the UAE later denied any collaboration with TON on a golden visa program, leading to a 6% drop in TON.
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BONK: Letsbonk.Fun surpassed Pump.Fun in market share, driving a 15% rally in BONK.
Macro Economy
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U.S. Treasury Secretary: Nearing conclusion of several trade deals; major announcements expected in the coming days
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India-U.S. mini trade deal completed, average tariff rate may be 10%
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Trump: New tariffs to take effect starting August 1, with rates as high as 70%
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U.S. President Trump signs the “Big & Beautiful” tax and spending bill
Industry Highlights
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Turkey bans PancakeSwap due to unauthorized crypto activity
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Russian state-owned giant Rostec plans to launch a ruble-pegged stablecoin and payment platform on Tron
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Elon Musk announces the formation of the “American Party,” set to participate in elections next year; Musk has filed official party registration with the FEC
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Vitalik co-authors EIP-7983, proposing a gas limit for single Ethereum transactions
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Michael Saylor releases new Bitcoin Tracker update; additional purchase data may be disclosed next week
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Ripple announces that Mercado Bitcoin will tokenize $200 million in RWA on the XRPLedger
This Week’s Outlook
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July 7: NEON unlock – 22.51% of circulating supply, ~$5M
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July 8: U.S. June New York Fed 1-Year Inflation Expectations
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July 9: U.S. tariff pause ends; FOMC meeting minutes to be released; U.S. Senate Banking Committee to hold hearing on market structure
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July 10: Moo Deng the hippo’s birthday party to be held at a zoo in Thailand
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July 11: IMX unlock – 1.31% of supply ($10.1M); IO unlock – 7.87% ($9.1M); MOVE unlock – 1.92% (~$7.7M)
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
