Key Takeaways
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Macro Environment: Trump announced that reciprocal tariffs will take effect starting August 1, with no further delays. He warned that a tariff notice to the EU is imminent and threatened to impose a 50% tariff on copper and a 200% tariff on pharmaceuticals. The uncertainty surrounding tariff prospects led to mixed movements in U.S. stock indices. The small-cap Russell 2000 rose 0.66%, outperforming large-cap indices.
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Crypto Market: Bitcoin continued its sideways movement on the daily chart, posting a 0.6% gain. Multiple companies and institutions have increased their ETH holdings, with purchase volumes exceeding ETH issuance. ETH/BTC rose by 2.26%, climbing back above 0.024. Bitcoin dominance fell for a fourth consecutive day but remained high at 65%. Altcoins followed the broader market in rebounding against major currencies.
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Today's Outlook: End of the U.S. reciprocal tariff suspension period; Federal Reserve to release meeting minutes; Updates in mainstream asset trends
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,225.51 | -0.07% |
| NASDAQ | 20,418.46 | +0.03% |
| BTC | 108,922.70 | +0.60% |
| ETH | 2,615.23 | +2.88% |
Crypto Fear & Greed Index: 66 (vs. 65 24 hours ago), current level: Greed
Project Highlights
Trending Tokens: MAGIC, CRO, LAUNCHCOIN
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CRO: Trump Media & Technology Group (TMTG) has filed an application with the U.S. SEC to launch the Truth Social Crypto Blue Chip ETF, which aims to track the prices of major cryptocurrencies. The ETF's portfolio is strategically allocated: 70% BTC, 15% ETH, 8% SOL, and 5% CRO. CRO surged 16%.
Macro Economy
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Trump threatens 50% tariff on copper and 200% tariff on pharmaceuticals
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Trump: Tariffs to be imposed starting August 1, 2025
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Trump: EU tariff notice may be sent in two days
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Bloomberg: U.S. Treasury Secretary plans talks with China in coming weeks on trade and other issues
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U.S. June NY Fed 1-Year Inflation Expectations at 3.02%, lower than previous and expected values
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Trump: If Powell misled Congress on the renovation case, he should resign immediately; Congress should investigate Powell
Industry Highlights
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EU has issued MiCA licenses to 53 crypto firms, including 14 stablecoin issuers and 39 crypto asset service providers
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Truth Social files S-1 application for Crypto Blue Chip ETF, assets include Bitcoin, Ethereum, Solana (SOL), XRP, and Cronos (CRO)
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ReserveOne plans to launch a Bitcoin-dominated digital asset reserve exceeding $1 billion; Coinbase to serve as the custodian for ReserveOne's crypto services
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Companies holding ETH as treasury assets have collectively purchased more ETH than has been issued
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SharpLink has added 7,689 ETH to its holdings, bringing its total to over 200,000 ETH
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BTCS Inc., a blockchain technology firm, plans to raise $100 million to acquire Ethereum
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Eric Trump confirmed to attend and speak at the BTC Asia Summit in Hong Kong
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xStocks to integrate the upcoming Jupiter Lend
This Week’s Outlook
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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.
