Tesla's US Stock Plunges Over 6% in After-Hours Trading, Following Musk's Announcement of Forming a Political Party
On July 7th, based on market data, Tesla's US stock witnessed a decline of over 6% in after-hours trading. Previously, Musk announced the founding of the American Party on social media.
24 minutes ago
Meme Coin Season Index Rises to 27
On July 7th, according to the data from Coinmarketcap, the Altcoin Season Index is presently at 27, which is higher than the low of 15 on June 22nd. This index shows that among the top 100 cryptocurrencies by market capitalization, approximately 27 projects have outperformed Bitcoin in the past 90 days.
Note: The CMC Cryptocurrency Altseason Index is a real-time indicator employed to determine whether the cryptocurrency market is currently in an altcoin-dominated season. The index is based on the performance of the top 100 altcoins in relation to Bitcoin over the past 90 days.
24 minutes ago
Jack Dorsey has launched a decentralized chat application called BitChat, which supports offline encrypted communication
On July 7th, Jack Dorsey, a co-founder of Twitter, launched the decentralized peer-to-peer messaging app bitchat. This app operates on top of a Bluetooth Low Energy (BLE) mesh network. It supports ephemeral encrypted message transmission, allows for fully offline chatting, and enables communication in anti-censorship and disconnected environments. Messages can be relayed through nodes and can reach up to 300 meters away.
24 minutes ago
「Insider Trader」 Short Position Partially Liquidated Again, This Short has Lost $16.89 Million
On July 7th, as per the monitoring of Onchain Lens, the 40x leveraged short position on BTC and the 25x leveraged short position on ETH opened by the "Insider Trader" experienced another partial liquidation. Up to now, in this round, the short position has suffered a loss of $16.89 million, with a total loss of $15.7 million.
24 minutes ago
Trump Calls Musk 'Off the Rails,' Criticizes His Party Affiliation
On July 7th, Trump stated on social media: "Witnessing Musk being completely 'derailed' in the past five weeks and basically turning into a runaway train makes me very sad. He even intends to establish a third party. Although this has never been successful in the United States - it seems that the system is not designed for them. The best skill of a third party is to create thorough destruction and chaos." Trump also said that when Musk undoubtedly fully supported me, I asked him if he knew that I would end the electric car authorization, and he said he had no opinion on that - which surprised me.
Furthermore, Trump said that Musk also wanted one of his good friends to manage the National Aeronautics and Space Administration (NASA). However, I was surprised to find out that he is a noble-born Democrat who had never donated to Republicans before. Trump added that it is inappropriate to have Musk, who has interests in the space industry, choose the leader of NASA. (Golden Finance)
24 minutes ago
U.S. Commerce Secretary: Tariffs to Take Effect on August 1
July 7th. On Sunday, Trump declared that he has achieved some trade agreements with trading partners and is going to send letters to other countries to inform them that the tariff rates will be raised. The U.S. Commerce Secretary Lutnick told reporters that the higher tariffs will come into effect on August 1st, but Trump is "currently working on the rates and agreements." In April of this year, Trump announced a 10% basic tariff on most countries and an additional tariff of up to 50%. Although he later postponed the effective date of tariffs for all countries to July 9th (excluding the 10% tariff), Lutnick's remarks suggest a three-week tariff "suspension." The U.S. Treasury Secretary Besant also made similar remarks earlier, stating that countries that do not reach agreements will face tariffs starting from August 1st, but denied that this date is a "new deadline." (Jin10)
24 minutes ago