Key Takeaways
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Macro Environment: Trump announced new tariffs on countries including Japan and South Korea. At the same time, he extended the "reciprocal tariffs" grace period to August 1. The escalating trade tensions have once again raised market concerns, and the chaotic tariff deadlines have further increased market uncertainty. Against this backdrop, U.S. stocks closed broadly lower.
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Crypto Market: Trade developments dominated crypto market trends, with Bitcoin falling in tandem with U.S. equities. Strategy did not purchase Bitcoin in its quarterly report, failing to provide effective market guidance as expected. Bitcoin closed down 0.86% in a single day. As the tariff deadline approaches, trade-related news is expected to intensify, potentially driving market movements more heavily and significantly increasing volatility. ETH/BTC and Bitcoin dominance remain stable, while altcoins await a clear market direction.
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Today's Outlook: U.S. June NY Fed 1-Year Inflation Expectation;
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,229.99 | -0.79% |
| NASDAQ | 20,412.52 | -0.92% |
| BTC | 108,269.90 | -0.86% |
| ETH | 2,542.14 | -1.10% |
Crypto Fear & Greed Index: 65 (was 73 24 hours ago), indicating Greed
Project Highlights
Trending Tokens: BONK, PUMP, BCH
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BONK: The BONK community announced it is nearing a milestone of 1 million holders, currently sitting at 949,892. Upon reaching 1 million holders, 1 trillion BONK tokens (worth approximately $22.81 million) will be burned.
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Pumpfun: A memecoin launch platform based on Solana, Pumpfun plans to launch its upcoming PUMP token on July 12.
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TON: The TON Foundation officially denied rumors, stating no formal agreement has been reached yet regarding the UAE Golden Visa program.
Macro Economy
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Trump to impose 25% tariffs on Japan and South Korea starting August 1.
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25% tariffs on Malaysia and Kazakhstan, 30% on South Africa, 40% on Laos and Myanmar.
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Trump extends the "reciprocal tariffs" grace period to August 1.
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Trump: Any country aligning with BRICS anti-U.S. policies will face an additional 10% tariff.
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EU: Trade talks with the U.S. making good progress; goal remains to reach a deal by July 9.
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U.S. Treasury Secretary: Several trade-related announcements expected within 48 hours.
Industry Highlights
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Hong Kong Treasury Secretary: Targeting stablecoin license issuance within 2025.
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U.S. House crypto tax framework hearing delayed due to recess, new date TBD.
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Trump administration’s Digital Assets Task Force to release first major crypto policy report on July 22.
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Robinhood’s tokenized stocks under EU review; Lithuania’s central bank demands clarification.
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Elon Musk: “American Party” will embrace Bitcoin.
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Strategy did not purchase Bitcoin last week.
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Strategy announces $4.2 billion preferred stock issuance plan for STRD.
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U.S. SEC urges issuers to revise and resubmit spot Solana ETF filings by end of July.
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U.S. SEC delays decision on Fidelity’s spot Solana ETF.
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Bit Digital converted BTC to ETH, now holds over 100,000 ETH, and raised ~$172 million for further ETH purchases.
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Real estate firm Murano signs $500 million equity agreement to build Bitcoin reserves.
This Week’s Outlook
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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.
