I have to say that the currency market is indeed unpredictable. The cyclicality is like metaphysics. You had no way of predicting what good news would save the market in July, but the market performance did develop in accordance with the seven-word mantra. The market fell all the way in May and June, and July got off to a good start. I hope that the big bull market will arrive as scheduled. Let's see what major events happened in the market over the weekend.

1. Last Friday, the US announced the core PCE price index for May, which was 2.6% today, in line with expectations, lower than the previous value of 2.8%, and created the lowest record in the past three years. The month-on-month growth rate of 0.1% was also the lowest since December 2023. This data is definitely good for the currency market, and the market's expectations for interest rate cuts have also increased, but the currency market was still dominated by declines on Friday night.

2. This week's macro highlights include whether the US June non-farm payrolls will cool down as expected, Powell and Lagarde will speak at the European Central Bank Forum, many countries will release PMI data, and the Federal Reserve will publish the latest meeting minutes. In addition, pay attention to the 2024 World Artificial Intelligence Conference, the British and French elections.

3. Last Friday, the U.S. Bitcoin ETF had a net inflow of 73 million, maintaining a good state of inflow for 4 consecutive days. However, considering that the daily inflow of funds is relatively small, the total inflow for the whole of last week was only 37.3 million. Of course, the good news is that BlackRock has finally ended the 10-day consecutive state of zero inflow. Whether BlackRock, the absolute leader, can continue to buy, buy, and buy is the key factor in the market trend this week.

4. There was a lot of news about Ethereum ETF over the weekend. First, the SEC review continued and the S-1 form had been pushed to the issuer with a few comments. It looked like there would be another round of review, so Bloomberg analysts postponed the ETF approval time to July 8. In addition, the president of ETFstore continued to hype up the Ethereum ETF, saying that this would be the most successful ETF in the history of ETFs, second only to Bitcoin.

5. After the TV debate between Biden and Trump, because of Biden's disastrous performance, there were voices within the Democratic Party calling for a "change of people". Now Trump's market support has risen sharply. There is already $200 million in the Polymarket betting pool. Trump's winning rate is 63% and Biden's winning rate is 18%. As for the impact of who is elected on the market, Trump will definitely be good for the currency market and US stocks.

6. The number of users of Ton ecological chain game Kombat has exceeded 200 million, making it the third fastest application in history to reach 150 million users. The ton ecosystem is really powerful, and it is really a dimensionality reduction attack on the apps within the currency circle. Although there may be a lot of robots and studios among these 200 million, it can be seen that the ton chain can indeed absorb the network effect from telegram. In addition, the TVL of the ton chain has exceeded 680 million. From all aspects, the ton public chain has become one of the most competitive blue-chip public chains in the market.

7. LDO RPL was accused by the SEC of being securities because their main business was pledge services. This negative news caused LDO to plummet by 23.7% and RPL to plummet by 17.7%. A series of re-pledge projects also declined, such as Ethfirez, which fell by more than 10%.

8. ords surged over the weekend, and the price nearly doubled. This time AMM V3 is about to be released. I remember that the price increased several times when V2 was released last time. After all, it is a project managed by dwf, and this project is basically the leading coin of AMM DEX in the Bitcoin ecosystem, so the increase this time is also fierce.

9. Galaxy executives predict that the vast majority of Mt.Gox creditors will be paid in kind and will not sell in large quantities.

10. Binance added BAL CTXC CVP CVX Dock Hard IRIS MBL POLS SNT SUN to the watch list, and removed MNL Zen from the watch list. As we all know, Binance will arrange the delisting of coins from this watch list, so MNL Zen soared 20% immediately after being removed. These new coins on the list are all falling.


Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.