Headlines

▌Trump's first speech after the attack: his right ear was pierced by a bullet, thanking the US Secret Service

Trump made his first speech since the attack, thanking the US Secret Service. The bullet pierced the upper part of my right ear. Nothing is known about the gunman at this time.

▌Biden: I'm glad Trump is safe and in good condition. I hope to contact Trump tonight

US President Biden said he had learned about the shooting at Trump's Pennsylvania campaign rally. Biden issued a statement saying, "I am glad to hear that he is safe and doing well. While we wait for further information, I pray for him, his family and all those who attended the rally." Biden said, "There is no place for such violence in the United States. We must unite to condemn it. I hope to contact Trump tonight."

▌Musk officially supports Trump

Shortly after Trump was shot, Musk officially supported Trump on the social media platform X. Musk said, "I fully support Trump and wish him a speedy recovery." In the past few months, people have been speculating whether Musk will support him. Yesterday, it was reported that Musk donated to a super political action committee dedicated to helping Trump enter the White House. Musk also said that the director and leader of the Secret Service should resign.

Quotes

As of press time, according to Coingecko data:

The latest transaction price of BTC is 59610.57 USD, with a daily change of +2.89%;

ETH's latest transaction price is $3183.27, with a daily change of +1.4%;

BNB's latest transaction price is $535.28, with a daily change of +0.01%;

SOL's latest trading price is $144.77, with a daily change of +3.63%;

DOGE’s latest trading price is $0.1136, with a daily change of +5.02%;

XPR’s most recent trading price is $0.5236, with a daily change of +9.52%.

policy

▌Mark Cuban: Biden should fire SEC Chairman Gary Gensler

Billionaire Mark Cuban discussed regulatory requirements and the SEC's insistence on cryptocurrency exchanges registering as trading platforms with Biden's senior advisers and cryptocurrency leaders. He said: "You all have the right to quote me, Biden should fire Gary Gensler" (Gray Gensler is the current chairman of the U.S. Securities and Exchange Commission).

Blockchain Applications

▌Yearn: New vault yPT-pzETH is launched on yearn

Yearn officially stated that the new vault yPT-pzETH has just been launched on yearn.

▌Oracle protocol Pyth launches new decentralized solution Express Relay on mainnet

Blockchain oracle protocol Pyth announced that it has officially launched its latest product Express Relay on the mainnet. According to the team, this launch introduces a new decentralized solution for MEV's long-standing problems in handling liquidation and improving market efficiency transactions in DeFi. This primitive connects DeFi protocols directly to mature searcher networks through protocol-controlled auctions for events such as liquidation. Partners that have already been integrated include Flow Traders, Wintermute, Auros, Flowdesk, Caladan, Tokka Labs, and Swaap Finance.

Cryptocurrency

▌Analysis: Bitcoin futures term structure suggests bullish sentiment

Cryptoslate published an analysis article stating that the prices of Bitcoin futures contracts on major exchanges have shown a gradual upward trend. The futures term structure chart shows how the futures prices of Binance, Bybit, Deribit, Huobi, and OKX have steadily increased from August 2024 to June 2025. This continued upward trend indicates that the market expects Bitcoin prices to rise in the next year. The chart starts at about $58,000 for the August 2024 contract and gradually increases, with the peak of the June 2025 contract at about $65,000. It is worth noting that Deribit leads with the highest predicted price, indicating that the market is confident in the futures market on this platform. In contrast, Huobi's forecast is slightly conservative, reflecting different market sentiments among exchanges. The trend of rising futures prices may mean that investors remain confident in the long-term value of Bitcoin after the halving in April 2024. Historically, halving events have led to sharp price increases due to reduced supply. Current futures pricing is in line with this historical pattern, and prices are expected to continue to rise. Market participants should consider these forecasts when developing strategies for the coming months, as the futures term structure can provide insight into market expectations and potential price movements.

▌Data: Mt.Gox may have caused a $4.62 billion sell-off before November

According to a prediction by Trader T on a social platform, after a week of strong selling by the German government, Mt.Gox will be the next strong seller. Mt.Gox should repay a total of 14,100 bitcoins, and the repayment ratio should be no less than 80% before November this year. The repayment discount rate is 89%, so Mt.Gox can sell at most 100,392 BTC before November. Given its dispersed ownership, the possibility of large-scale liquidation is low. According to the worst-case scenario, Mt.Gox will sell 80% of its bitcoins, which may bring $4.62 billion in liquidation pressure.

▌The value of Trump's cryptocurrency holdings rebounded to over $10 million

According to Arkham data monitoring, the value of crypto assets held by former US President Donald Trump's address rebounded above the $10 million mark and has now reached $10,853,273.51, but it is about 65% lower than the high of over $31 million in early June. The address's current holdings mainly include: -210.345 billion TROG, worth $2.39 million; -579,290 TRUMP, worth $4.83 million; -490,449 ETH, worth $1.56 million; -377,191 WETH, worth $1.2 million.

▌Trump-related MEMEs surged, with TRUMP rising more than 40% in half an hour

Trump-related MEMEs surged, with TRUMP rising more than 40% in half an hour and MAGA rising more than 35%. The market is volatile, so please do a good job of risk control. It was previously reported that Trump was shot during his speech and the suspect has been shot dead.

▌Biden-related Meme coin BODEN fell 6.5% in 24 hours

The market shows that the Biden-related meme coin BODEN fell 6.5% in 24 hours and is now trading at $0.03683, with a current market value of approximately $25.61 million. The market fluctuates greatly, so please do a good job of risk control.

▌Notcoin: Will conduct an airdrop of $7 million

TON ecosystem click game Notcoin announced on the X platform that it will conduct a $7 million airdrop, of which $5 million will be allocated to stakers and level holders, and another $2 million will be distributed to users participating in the event within the next three months.

Important economic developments

▌Analysts: If the Fed gradually enters a rate cut cycle, Hong Kong stock valuations are expected to increase significantly

The Hong Kong stock market has exploded after expectations of a rate cut by the Federal Reserve increased. At the close on Friday, the Hang Seng Index rose by more than 2%, the Hang Seng Technology Index rose by 2.67%, and the State-owned Enterprises Index rose by 1.93%. Analysts pointed out that the Hong Kong stock market is significantly affected by the Federal Reserve's monetary policy, and there is an obvious and rapid feedback to it. If the Federal Reserve gradually enters an interest rate cutting cycle, based on the fact that the Hong Kong dollar is anchored to the US dollar and Hong Kong's interest rate levels are basically consistent with the Fed's trend, the valuation of Hong Kong stocks is expected to increase significantly. Guotai Junan Securities believes that as economic policy uncertainty decreases and the trend of overseas interest rate cuts is confirmed, Hong Kong stocks will fluctuate upward. Specifically, what is more sensitive is that the real estate sector is expected to usher in good news. Secondly, pharmaceutical stocks that are more sensitive to interest rate costs are also expected to benefit from interest rate cut speculation, capital costs will fall, pharmaceutical capital expenditures will increase investment, and overseas market business will tend to improve.

▌Indicators measuring Bitcoin volatility have been trending downward over the past decade

Measures of bitcoin volatility have trended lower over the past decade, but remain higher than assets like stocks or gold. For example, the gap between bitcoin and gold’s 180-day realized volatility measures has narrowed by more than 100 percentage points to 28 percentage points during that period. Richard Galvin, co-founder of hedge fund DACM, said that increasing institutionalization of bitcoin ownership will lead to lower volatility over time. He added that products like ETFs have introduced a class of investors who are “more likely to make countercyclical purchases.”

Golden Encyclopedia

What is market depth in cryptocurrency trading?

In cryptocurrency trading, market depth describes the ability of a market to withstand a large number of orders without noticeably affecting the price. It is a liquidity indicator that shows the number of buy and sell orders for a given cryptocurrency at different price points. So, how is market depth displayed? Depth charts are often used to illustrate this data. It plots buy orders (bids) on one side and sell orders (asks) on the other side to reflect price levels.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.