Key Takeaways 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. 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. 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 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%. KILO: KiloEx, a DEX on the BNB Chain, has launched perpetual contracts for U.S. stocks. Macro Economy Trump threatens 50% tariff on copper and 200% tariff on pharmaceuticals Trump: Tariffs to be imposed starting August 1, 2025 Trump: EU tariff notice may be sent in two days Bloomberg: U.S. Treasury Secretary plans talks with China in coming weeks on trade and other issues U.S. June NY Fed 1-Year Inflation Expectations at 3.02%, lower than previous and expected values Trump: If Powell misled Congress on the renovation case, he should resign immediately; Congress should investigate Powell Industry Highlights EU has issued MiCA licenses to 53 crypto firms, including 14 stablecoin issuers and 39 crypto asset service providers Truth Social files S-1 application for Crypto Blue Chip ETF, assets include Bitcoin, Ethereum, Solana (SOL), XRP, and Cronos (CRO) ReserveOne plans to launch a Bitcoin-dominated digital asset reserve exceeding $1 billion; Coinbase to serve as the custodian for ReserveOne's crypto services Companies holding ETH as treasury assets have collectively purchased more ETH than has been issued SharpLink has added 7,689 ETH to its holdings, bringing its total to over 200,000 ETH BTCS Inc., a blockchain technology firm, plans to raise $100 million to acquire Ethereum Eric Trump confirmed to attend and speak at the BTC Asia Summit in Hong Kong xStocks to integrate the upcoming Jupiter Lend This Week’s Outlook July 10: Moo Deng the hippo’s birthday party to be held at a zoo in Thailand 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.

Key Takeaways 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. 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. 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 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. Pumpfun: A memecoin launch platform based on Solana, Pumpfun plans to launch its upcoming PUMP token on July 12. TON: The TON Foundation officially denied rumors, stating no formal agreement has been reached yet regarding the UAE Golden Visa program. Macro Economy Trump to impose 25% tariffs on Japan and South Korea starting August 1. 25% tariffs on Malaysia and Kazakhstan, 30% on South Africa, 40% on Laos and Myanmar. Trump extends the "reciprocal tariffs" grace period to August 1. Trump: Any country aligning with BRICS anti-U.S. policies will face an additional 10% tariff. EU: Trade talks with the U.S. making good progress; goal remains to reach a deal by July 9. U.S. Treasury Secretary: Several trade-related announcements expected within 48 hours. Industry Highlights Hong Kong Treasury Secretary: Targeting stablecoin license issuance within 2025. U.S. House crypto tax framework hearing delayed due to recess, new date TBD. Trump administration’s Digital Assets Task Force to release first major crypto policy report on July 22. Robinhood’s tokenized stocks under EU review; Lithuania’s central bank demands clarification. Elon Musk: “American Party” will embrace Bitcoin. Strategy did not purchase Bitcoin last week. Strategy announces $4.2 billion preferred stock issuance plan for STRD. U.S. SEC urges issuers to revise and resubmit spot Solana ETF filings by end of July. U.S. SEC delays decision on Fidelity’s spot Solana ETF. Bit Digital converted BTC to ETH, now holds over 100,000 ETH, and raised ~$172 million for further ETH purchases. Real estate firm Murano signs $500 million equity agreement to build Bitcoin reserves. This Week’s Outlook July 9: U.S. tariff pause ends; FOMC meeting minutes to be released; U.S. Senate Banking Committee to hold hearing on market structure July 10: Moo Deng the hippo’s birthday party to be held at a zoo in Thailand 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.

Key Takeaways 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. 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. Today's Outlook: NEON token unlock: 22.51% of circulating supply, valued at approximately $5 million. Main Asset Changes Index Value % Change BTC 109,203.70 +0.94% ETH 2,570.52 +2.15% Crypto Fear & Greed Index: Crypto Fear & Greed Index: 73 (up from 66 24 hours ago), categorized as “Greed” Project Highlights Trending Tokens: BONK, TON 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. BONK: Letsbonk.Fun surpassed Pump.Fun in market share, driving a 15% rally in BONK. Macro Economy U.S. Treasury Secretary: Nearing conclusion of several trade deals; major announcements expected in the coming days India-U.S. mini trade deal completed, average tariff rate may be 10% Trump: New tariffs to take effect starting August 1, with rates as high as 70% U.S. President Trump signs the “Big & Beautiful” tax and spending bill Industry Highlights Turkey bans PancakeSwap due to unauthorized crypto activity Russian state-owned giant Rostec plans to launch a ruble-pegged stablecoin and payment platform on Tron 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 Vitalik co-authors EIP-7983, proposing a gas limit for single Ethereum transactions Michael Saylor releases new Bitcoin Tracker update; additional purchase data may be disclosed next week Ripple announces that Mercado Bitcoin will tokenize $200 million in RWA on the XRPLedger This Week’s Outlook July 7: NEON unlock – 22.51% of circulating supply, ~$5M July 8: U.S. June New York Fed 1-Year Inflation Expectations July 9: U.S. tariff pause ends; FOMC meeting minutes to be released; U.S. Senate Banking Committee to hold hearing on market structure July 10: Moo Deng the hippo’s birthday party to be held at a zoo in Thailand 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.  

Key Takeaways Macro Environment: The U.S. June nonfarm payroll data indicates a strong labor market, lowering expectations for a rate cut in July. The probability of maintaining interest rates unchanged in July has risen to 95.3%. Trump called the data "good news," while Treasury Secretary Bessent once again pressured the Federal Reserve to cut rates. U.S. Treasury yields rose, but U.S. stocks continued to hit record highs despite diminished rate cut expectations. Wall Street's Fear and Greed Index surged into the "Extreme Greed" zone. Crypto Market: Bitcoin surpassed the $110,000 mark again, though market disagreements intensified at that level. The dual nature of the nonfarm data amplified market divergence. Bitcoin decoupled from U.S. stock movements, with gains narrowing. ETH/BTC closed with a green doji star, but Bitcoin’s market dominance remained unchanged. The altcoin market largely followed Bitcoin’s lead, awaiting a clearer breakout direction. Today's Outlook: U.S. stock market closed for Independence Day holiday. Main Asset Changes Index Value % Change S&P 500 6,279.36 +0.83% NASDAQ 20,601.10 +1.02% BTC 109,593.20 +0.70% ETH 2,590.87 +0.79% Crypto Fear & Greed Index: 73 (same as 24 hours ago), rated as "Greed". Project Highlights Trending Tokens: H, PENGU, ONDO H: Humanity (H) listed on Bithumb, short squeeze drove H up sharply; funding rate at -1.68%. ONDO: Ondo Finance and Pantera Capital plan to invest $250 million to promote tokenization of real-world assets (RWA). MOODENG: Upbit listed Solana ecosystem meme coin MOODENG in KRW, BTC, and USDT trading pairs — its first meme listing this year. Macro Economy U.S. Treasury Secretary: Warns countries not to delay trade negotiations, tariffs could be raised back to April 2 levels; Trump to decide whether to extend trade talks. German Chancellor: Urges swift agreement on tariffs with the U.S. U.S. June nonfarm payrolls increased by 147,000, beating expectations; unemployment rate at 4.1%, below both previous and expected values. Trump: Today’s data is good news, much better than expected. U.S. Treasury Secretary: If the Fed doesn’t cut rates soon, the rate cut in September may be even larger. The “Big and Beautiful” Act passed in the U.S. House of Representatives, awaiting presidential signature. Industry Highlights U.S. Senator Cynthia Lummis proposed a comprehensive crypto tax reform bill, including tax exemption for small transactions: sets a $300 de minimis rule, removes double taxation for miners and stakers, and ensures tax parity between digital and traditional financial assets. U.S. House of Representatives declares mid-July as “Crypto Week” to review several crypto-related bills, including CLARITY, anti-CBDC, and GENIUS. Bitstamp, Robinhood’s crypto exchange arm, obtained a payment institution license in Singapore. U.S. Treasury Secretary: Stablecoin legislation is expected to drive demand for U.S. Treasuries. Grayscale remains committed to advancing its crypto ETF plans, despite the SEC suspending its conversion application. FTX's latest bankruptcy compensation list revealed; users in 49 countries and regions may be ineligible for reimbursement. JupiterDAO's core working group announced its disbandment; 4.5 million JUP tokens will be fully returned to the DAO. 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.

Key Takeaways Macro Environment: In terms of monetary policy, the ADP private employment report turned negative, slightly increasing expectations for a July rate cut. Market attention is now focused on the upcoming Non-Farm Payroll (NFP) data to be released on Thursday. On the tariff front, the U.S. and Vietnam have reached a trade agreement, and the U.S. Deputy Treasury Secretary expects to announce multiple trade deals next week. Positive developments in tariff policy boosted the Nasdaq and S&P 500 to new record highs. The small-cap Russell 2000 index continued its strong momentum, surging 1.41%. Crypto Market: During Asian trading hours, Bitcoin saw a strong rebound, further fueled by positive news regarding U.S. trade policy. The price broke through the $109,000 mark, ultimately closing up 2.98%. At the same time, ETH/BTC rose significantly by 3.78%, leading a general rally in altcoins. Bitcoin dominance decreased by 0.35% compared to the previous day, indicating a rise in market risk appetite. Today's Outlook: The U.S. will release the June Non-Farm Payroll report. Main Asset Changes Index Value % Change S&P 500 6,227.41 +0.47% NASDAQ 20,393.13 +0.94% BTC 108,833.80 +2.98% ETH 2,570.49 +6.88% Crypto Fear & Greed Index: 73 (Greed), down from 63 yesterday. Project Highlights Trending Tokens: BONK, VIRTUAL, TIAThe altcoin market saw a broad rally, with meme coins such as BONK, WIF, FARTCOIN, NEIROCTO, MOODENG, and GOAT leading the gainers. BONK: Tuttle Capital has set July 16 as the earliest launch date for its 2x leveraged ETF. TIA: The tokenization of stocks is gaining momentum, driving discussions around coin-stock integration on Layer 2. The rising demand for L2s is expected to increase DA (Data Availability) demand. ONDO: Ondo Global Markets, a platform for U.S. stocks on-chain, is set to launch this summer. VIRTUAL: Virtual has updated its Genesis Points Program, expanding activities to content platforms like TikTok and Xiaohongshu (Little Red Book). Macro Economy U.S. June ADP employment change: -33,000 (below both previous value and expectations) Trump: A trade agreement has been reached with Vietnam U.S. Deputy Treasury Secretary: Multiple trade agreements expected to be announced next week FHFA Director urges Congress to investigate Fed Chair Powell for fraud, citing grounds for removal Industry Highlights Arizona Governor vetoes “Bitcoin Reserve” bill HB2324 U.S. SEC has paused plans to convert Grayscale Digital Large Cap Fund into an ETF, citing further review DWS, a subsidiary of Deutsche Bank, will launch a euro-backed stablecoin regulated under MiCA rules Ripple has applied for a national banking charter Bit Digital underwriters fully exercised overallotment option, raising $162.9 million, possibly to purchase ETH U.S.-listed Chinese company Winning Group signs $1.3 billion deal to acquire 12,000 Bitcoins Trump Media files with SEC for a BTC-ETH blended spot ETF REX-Osprey SOL spot ETF recorded a first-day trading volume of $33.91 million This Week's Outlook July 4 U.S. markets closed for Independence Day. Elon Musk hints Grok 4 release after July 4. U.S. Senate expected to vote on Trump’s tax & spending package. 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.

Key Takeaways Macro Environment: On the monetary front, May’s JOLTS job openings data and Powell’s reaffirmed “wait-and-see” stance at the ECB Forum dampened expectations for Fed rate cuts. On the fiscal side, the Senate narrowly passed the “Big and Beautiful” tax bill as tensions flared between Trump and Elon Musk, leading to a 5% drop in Tesla stock. On the trade front, Trump refused to postpone the July 9 tariff deadline and threatened tariffs on Japan and others. Overall, expectations for rate cuts have weakened slightly, while tariff uncertainty has risen, contributing to a decline in both the Nasdaq and S&P. A rotation in U.S. equity sectors was observed, with investors pulling out of tech stocks. The Russell 2000 outperformed, closing up 0.94%. Crypto Market: Bitcoin mirrored U.S. equity indices, breaking below the recent 106k–108k range, with a daily decline of 1.36%. ETH/BTC ended a five-day winning streak, down 1.9% day-on-day. Bitcoin dominance rose 0.44% WoW, while altcoins came under significant pressure with widespread declines. Today's Outlook: U.S. June ADP Employment Report；Ethena (ENA) redemption ratio at 0.67%, worth approximately $10.7M Main Asset Changes Index Value % Change S&P 500 6,198.02 -0.11% NASDAQ 20,202.89 -0.82% BTC 105,686.50 -1.36% ETH 2,405.00 -3.24% Crypto Fear & Greed Index: 63 (Greed), down from 64 yesterday. Project Highlights Trending Tokens: HFT, H CFX: Linghang Pharma Biotech plans to acquire all shares of Conflux to enter the blockchain sector. AVAX: Fintech FX platform Travel Wallet has partnered with Avalanche to co-develop a Korean won stablecoin. Macro Economy Trump: No plans to extend the final deadline for tariff talks, may raise tariffs on Japan India seeks a temporary trade deal with the U.S. this week Financial Times: U.S. officials aim to narrow the scope of the trade deal and finalize it by July 9 U.S. Senate narrowly passes the tax reform “Big and Beautiful” bill; House vote expected on Wednesday President Trump: Hopes to unveil the tax and spending bill around July 4; open to extending the bill’s final approval deadline U.S. June ISM Manufacturing Index shrinks for the fourth straight month; May JOLTS job openings beat expectations Powell: Most Fed members expect a rate cut later this year; U.S. fiscal path is unsustainable and must be addressed early Treasury Secretary Bessent: The Fed will “definitely” cut rates by September at the latest Industry Highlights SEC is reportedly working on universal listing standards for crypto ETFs. If met, issuers can bypass the 19b-4 process and directly submit an S-1, allowing exchanges to list the ETF after 75 days. Deutsche Bank plans to launch crypto custody services by 2026 Crypto tax relief clauses were not included in Trump’s “Beautiful Act” SEC delays decision on Bitwise’s Ethereum ETF staking proposal xStocks has exceeded $1.5M in trading volume since launching tokenized stocks, with 1,551 active traders Circle launches Circle Gateway, a developer service aimed at unifying USDC balances and enabling instant cross-chain liquidity DDC Enterprise, a NYSE-listed firm, completed a $528M fundraising round, with net proceeds allocated to Bitcoin purchases SharpLink, dubbed the “MicroStrategy of ETH,” increased its holdings by 9,468 ETH at an average price of $2,411 Pakistan proposes to deploy Bitcoin reserves into DeFi protocols for yield generation Figma, a design software company, disclosed holdings of nearly $70M in Bitcoin ETFs and has been approved to purchase an additional $30M worth of BTC DeFi Development plans to privately issue $100M in convertible notes, partially for increasing its SOL position This Week's Outlook July 3 U.S. to release June Nonfarm Payrolls at 20:30 UTC+8 July 4 U.S. markets closed for Independence Day. Elon Musk hints Grok 4 release after July 4. U.S. Senate expected to vote on Trump’s tax & spending package. 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.

Key Takeaways Macro Environment: Canada has withdrawn its digital services tax on tech companies and is expected to resume trade negotiations with the United States. Bessent anticipates a series of new trade agreements to be signed before July 9. Positive sentiment has driven both the S&P 500 and NASDAQ to new highs. Crypto Market: Bitcoin opened high but declined, continuing its fluctuating trend with a weakened correlation to U.S. stocks, signaling market divergence. The SOL Staking ETF has boosted expectations for ETH staking, and the ETH/BTC ratio has maintained a 5-day rise. Bitcoin's market dominance has slightly decreased for four consecutive days, with altcoins catching up in terms of exchange rates. Today's Outlook: S&P Global will release the U.S. June ISM Manufacturing Index. Argentina will finalize regulations for virtual asset service providers; individuals registered under PSAV must comply with new rules before July 1. Crypto lending platform Ledn announced it will terminate Ethereum support and yield-bearing services, fully shifting to a Bitcoin-backed loan model. Zama, a privacy-focused confidential blockchain protocol, will launch its testnet on July 1. Token Unlocks (estimates): SUI : 1.3%, ~$122.8M Main Asset Changes Index Value % Change S&P 500 6,204.94 +0.52% NASDAQ 20,369.73 +0.52% BTC 107,145.60 -1.12% ETH 2485.43 -0.61% Crypto Fear & Greed Index: 64 (Greed), down from 66 yesterday. Project Highlights Trending Tokens: HFT, SOL, ARB SOL: REX-OSPREY SOL spot ETF will begin trading on Wednesday. ARB: Robinhood has launched tokenized stock products based on Arbitrum and is building a dedicated Layer 2 network for RWA (Real World Assets). POL: Polygon and GSR IO jointly launched the Katana blockchain focused on DeFi, which has already secured $200 million in pre-funding. Macro Economy Goldman Sachs has advanced its Fed rate cut prediction to September. Trump will meet with his trade team this week to determine national tariff rates. Trump: "Interest rates should be cut to 1%, and Powell and his committee are to blame." Industry Highlights U.S. Treasury Secretary: Stablecoin legislation may be completed by mid-July. Kazakhstan's central bank governor: Plans to establish a national cryptocurrency reserve. Strategy increased its Bitcoin holdings by 4,980 BTC, valued at $106,801 per Bitcoin, totaling $531.9 million. Stablecoin issuer Circle has applied to establish a national trust bank in the U.S. Robinhood plans to expand its tokenized U.S. stocks offering to "thousands of tokens" by the end of the year; Robinhood EU will also launch tokenized stocks. Korea's IBK Industrial Bank and Shinhan Financial Group have applied for trademark registration for the KRW stablecoin. BitMine has announced a private fundraising round of $250 million to implement its Ethereum financial strategy. This Week's Outlook July 2 Ethena (ENA) unlock: 0.67%, ~$10.7M July 3 U.S. to release June Nonfarm Payrolls at 20:30 UTC+8 July 4 U.S. markets closed for Independence Day. Elon Musk hints Grok 4 release after July 4. U.S. Senate expected to vote on Trump’s tax & spending package. 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.