Key Takeaways
-
Macro Environment: Trade tensions have flared up again. The EU is preparing retaliatory tariffs on €72 billion worth of U.S. goods, while Trump threatens tariffs on Russia but offers a 50-day negotiation buffer. TACO trades reappeared, with oil prices spiking briefly before pulling back. U.S. stocks posted modest gains despite tariff threats, as markets await Tuesday’s U.S. CPI data.
-
Crypto Market: Bitcoin continued its upward trend during the Asia session, hitting a new all-time high above $123,000 before retreating slightly in the European and U.S. sessions. Despite the pullback, it still closed the day up 0.64%. ETH/BTC held above 0.025, with ETH showing stronger momentum relative to BTC. Bitcoin dominance hovered around 64.5%, while altcoins remained resilient during BTC’s intraday correction.
-
Today's Outlook: U.S. House Financial Services Committee: July 14 week designated as “Crypto Week,” reviewing the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act; CLARITY vote scheduled for Wednesday, GENIUS vote on Thursday morning. U.S. June CPI release；SEI token unlock: 1.00% of circulating supply, approx. $18 million；STRK token unlock: 3.53% of circulating supply, approx. $17.6 million
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,268.55 | +0.14% |
| NASDAQ | 20,640.33 | +0.27% |
| BTC | 119,830.90 | +0.64% |
| ETH | 3,013.88 | +1.41% |
Crypto Fear & Greed Index: 73 (previous day: 74), indicating “Greed”
Project Highlights
Trending Tokens: PENGU, ALGO, TURBO
-
PENGU: The "fat penguin" avatar continues to go viral across project and exchange social media accounts, with Coinbase and Binance.US both switching their X profile pictures. PENGU ended the day up 7.5%.
-
ALGO: Previously labeled a "security token" by the SEC, ALGO saw a 7.7% rebound driven by renewed interest in regulatory-compliant assets.
-
MOVE: The MOVE token buyback has been fully completed, with the foundation repurchasing approximately 180 million tokens in total.
Macro Economy
-
Trump warns of 100% tariffs on Russia if no peace deal is reached within 50 days; secondary sanctions planned for countries buying Russian oil. Trump claims he expects to strike a deal with Putin.
-
South Korea’s trade minister says a preliminary trade agreement with the U.S. may be reached by the August 1 deadline.
-
Trump to announce a “radical” weapons aid package for Ukraine.
-
Powell requests the Fed’s inspector general to audit the Federal Reserve HQ renovation project.
-
EU prepares retaliatory tariffs on €72 billion worth of U.S. goods.
Industry Highlights
-
Futu Group Managing Director: Two Hong Kong entities under Futu have received Type 1 license upgrade and a virtual asset trading platform license.
-
CMB International approved for Hong Kong virtual asset license.
-
Between July 7–13, Strategy acquired 4,225 BTC for approx. $472.5 million, at an average price of $111,827 per BTC.
-
Google search interest for Bitcoin remains well below previous bull market levels.
-
Metaplanet increased its BTC holdings by 797 coins, bringing its total to 16,352 BTC.
-
SharpLink Gaming acquired another 24,371 ETH worth $73.21 million; its ETH holdings have now surpassed the Ethereum Foundation, becoming the largest holder.
-
Matador plans to raise up to CAD 900 million over 25 months to accumulate BTC.
-
Grayscale has confidentially filed a draft registration statement with the SEC for an IPO.
This Week’s Outlook
-
U.S. House Financial Services Committee: Week of July 14 is "Crypto Week" – reviewing the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act.
-
July 15:
-
U.S. June CPI report
-
SEI token unlock: 1.00% of circulating supply, ~$18 million
-
STRK token unlock: 3.53% of supply, ~$17.6 million
-
-
July 16:
-
U.S. June PPI report
-
U.S. Beige Book
-
House Ways and Means Committee to discuss digital asset taxation
-
ARB token unlock: 1.87%, ~$38.2 million
-
-
July 17:
-
UXLINK token unlock: 9.17%, ~$14.2 million
-
SOLV token unlock: 17.03%, ~$11.3 million
-
-
July 18:
-
TRUMP token unlock: 45%, ~$878 million
-
MELINIA token unlock: 4.07%, ~$5.2 million
-
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.
