Headlines
BTC breaks through $68,000
The market shows that BTC has broken through $68,000 and is now trading at $67,994, with a daily increase of 0.94%. The market is volatile, so please do a good job of risk control.
▌Biden withdraws from the race and supports Harris, Trump responds: Harris is easier to defeat than Biden
Minutes after Biden announced his withdrawal from the 2024 presidential race, Trump responded in a call with CNN: "He is the worst president in the history of our country. He is by far the worst president in the history of our country." Although it is not yet clear who the Democratic nominee will be, Trump said he believes Vice President Harris will be easier to defeat than Biden.
Quotes
As of press time, according to Coingecko data:
The latest transaction price of BTC is $67,934.03, with a daily change of +1.1%;
ETH's latest transaction price is $3532.56, with a daily change of +0.3%;
BNB's latest transaction price is $601.64, with a daily change of +1.3%;
SOL's latest trading price is $184.33, with a daily change of +5.9%;
DOGE’s latest trading price is $0.1410, with a daily change of +4.1%;
XPR recently traded at $0.598, with a daily change of +0.5%.
policy
▌Trump: Biden is not fit to run for president or to serve the country
Former US President Trump said about Biden's withdrawal from the election, "Crooked Joe Biden is not fit to run for president, and certainly never fit to serve the country. He only won the presidency through lies, fake news, hiding and inaction. Everyone around him, including his doctors and the media, knew he was incapable of being president. Now, look what he has done to the country, with millions of people crossing our border completely unchecked and unvetted, many from prisons and mental hospitals, and a record number of terrorists. We will suffer greatly from his presidency, but we will quickly make up for the damage he has done. Make America Great Again!"
▌Germany has lost $124 million in profits from selling Bitcoin
On July 13, the German state of Saxony completed the sale of 50,000 BTC seized from the movie piracy website movie2k, generating revenue of approximately $2.87 billion. They made a profit of more than $740 million compared to the acquisition cost of $2.13 billion in January. However, the price of Bitcoin soared 16.55% immediately after the sale, driven by the assassination of former US President Donald Trump, which also improved his chances of re-election in November. Theoretically, the sale of 50,000 BTC in March could have brought the state a profit of $1.5 billion. At the same time, Bitcoin fell 12% during the German government's sale, which also led to a loss of profit.
▌Musk: Real power is abandoning the old puppets, and Trump is not a puppet
Musk's comments on Biden's withdrawal from the 2024 presidential election, I heard last week that Biden will resign at this exact time and date today, which is widely known in Washington. The real power is discarding the old puppets and choosing puppets that are more likely to fool the public. They are afraid of Trump because he is not a puppet.
Blockchain Applications
▌Animoca Ventures proposes to launch a new fund ApeCoin Ventures in cooperation with ApeCoin
According to Snapshot information, Animoca Brands’ venture capital arm Animoca Ventures initiated a proposal in ApeCoin DAO to co-establish a joint venture fund ApeCoin Ventures with ApeCoin, which plans to invest in seed and A round Web3 projects, and give priority to projects that can integrate ApeCoin into its ecosystem, thereby increasing ApeCoin’s value, practicality, synergy, network effect and influence.
The ApeCoin Ventures fund is worth $10 million, of which ApeCoin DAO needs to allocate $5 million worth of APE (which Animoca Ventures intends to sell for fiat currency), and Animoca Ventures will invest $5 million. The proposal is currently open for voting, with a current support rate of 83.49%, and voting will end on August 1.
Cryptocurrency
▌Crypto Policy Group: President Biden’s decision to step down is a new opportunity for top Democrats to embrace cryptocurrency and blockchain technology
Eleanor Terrett, a Forbes reporter, wrote on X Platform that the crypto policy group CEDAR Innovation Foundation said President Biden’s decision to step aside is a new opportunity for the Democratic Party’s top brass to embrace cryptocurrency and blockchain technology: “While Secretary Gensler and Senator Warren may have misled White House policy in the past, now is the time to propose a new vision for American innovation that will keep innovative jobs in the United States, ensure the global competitiveness of digital assets, and herald a new era of financial inclusion and prosperity.”
▌Real Bedford FC, a non-league football club in the UK, bought 66.9 BTC at an average price of $67,220, worth more than $4.5 million
Podcast host Peter McCormack said on the X platform that the British non-professional league football club Real Bedford FC bought 66.9 BTC for $4,500,420.69, with an average price of about $67,220. As of today, Real Bedford FC has bought 82.7 BTC for about $5.37 million, with an average price of about $64,925. 15.8 BTC are used as floating currency for football affairs, and the rest are stored in our vaults.
▌Portfolio manager: Biden's withdrawal is good for the market
"Overall, Biden's withdrawal is at least temporarily positive for the market, and it's probably good for the bond market, especially given where we are in the business cycle and, more importantly, where we are in economic growth and inflation," said Jack McIntyre, global fixed income portfolio manager at Brandywine Global Investment Management. "I suspect that if the situation ultimately leads us to a divided government, that would be a good thing for the market."
▌Biden Meme Coin BODEN fell below $0.01, with a 24-hour drop of more than 60%
Market data shows that Biden Meme coin BODEN fell below $0.01 and is currently quoted at $0.009301, a 24-hour drop of 60.9%.
▌Kamala Harris Meme Coin Soars to All-Time High After Biden Withdrew from the Race
KAMA hit an all-time high of 2.4 cents within minutes of Biden’s announcement that he was abandoning his reelection bid. With a market cap of $24 million, KAMA is now nearly four times more valuable than BODEN, a Biden-inspired token that was once the crypto mainstream of the so-called PolitiFi. BODEN fell nearly 50% after Biden’s announcement.
Important economic developments
▌Biden's withdrawal from the election has intensified risk aversion sentiment, and gold rose in early Asian trading
The announcement by the incumbent US President Biden that he was ending his reelection campaign has raised new questions about whether this move will help or hinder Trump's return to the White House. Spot gold rose as much as 0.5% in early Asian trading as uncertainty over the US election increased and risk aversion benefited gold. The decline in the US dollar at the opening of the market on Monday also provided support for gold, and traders may be inclined to believe that if Trump wins the election, he will drive the dollar down. Spot gold is currently trading at $2,410.3 per ounce, up nearly 0.4%; the US dollar index DXY is currently trading at 104.19, down 0.18% on the day. (Jinshi Data APP)
Golden Encyclopedia
▌What is liquidity staking?
Liquid staking allows stakers to maintain liquidity of their staked tokens by using alternative tokens, which they can use to earn additional yield through DeFi protocols. Liquid staking enables cryptocurrency holders to participate in staking without giving up control of their holdings. This changes the way users do staking. Projects such as Lido have introduced liquid staking to provide tokenization of staked assets in the form of tokens and derivatives.
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.
