Bubble Mart's First Investor, Michael Gang: Fond of Bitcoin, Key is the Pursuit of the Essence of the Issue
July 7th, Maigang, the first investor in PopMart, recently stated in a podcast interview, "Bitcoin has been a highly significant experience in my career. On one occasion, when I attended a Renmin University alumni forum, the host asked me why I had a particular preference for Bitcoin when various prominent figures such as chief economists had not yet grasped or noticed it."
Firstly, I am definitely not an outstanding student. Secondly, I am not a mediocre student either. The outcome is that I only retain the most crucial thing that my teachers taught me, which are those common-sense things or, to put it another way, truths.
Therefore, when we studied courses such as Monetary and Banking and Economics that every (finance major) college student would take, from this perspective, observing Bitcoin is actually extremely straightforward. Of course, it definitely also involves a lot of interdisciplinary knowledge and so on. Comprehending it does not require you to hold a Ph.D. I believe th
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Binance Futures will launch MUSDT-settled USDT-margined perpetual contract
July 7th. As per an official announcement, Binance Futures is set to list the MUSDT perpetual contract on July 7th, 2025, at 17:30 (UTC+8), and it will offer up to 50x leverage.
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Hong Kong Stock Market Crypto Concept Continues to Rise in the Afternoon, Guotai Junan International Rises Over 10%
On July 7th, based on market data, the Hong Kong stock cryptocurrency sector witnessed a continuous rise in the afternoon. Guotai Junan International (01788.HK) saw an increase of more than 10%, with New Frontier Corporation (01611.HK), Huaxing Capital (01911.HK), Boyaa Interactive (00434.HK), and other stocks following suit.
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MEXC Launchpad officially launches Tanssi Network, offering a time-limited opportunity to share 1,160,000 TANSSI tokens.
July 7th. MEXC Launchpad has officially launched Tanssi Network (TANSSI). Users can subscribe at a price of $0.006 before 4:00 PM on July 9th (UTC+8) and share 1,160,000 TANSSI tokens.
It is reported that MEXC will list Tanssi Network (TANSSI) for spot trading at 9:00 PM on July 9th (UTC+8) and enable flash swaps at 10:00 PM on the same day (UTC+8).
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Bitunix Analyst: Macro Optimism Spreading, ETH Oscillating Upward, Watching 2525 and 2275 Support Area
On July 7th, with the spread of the "Golden Haired Girl" economic scenario, the U.S. stock market continued its strong rebound from the April low, and market risk appetite rapidly increased. Benefiting from the easing of trade tensions and the progress of the OBBBA bill, funds accelerated the backflow into high-risk assets. The S&P and Nasdaq hit historic highs. However, analysts warn that the market may have become overly optimistic, and there are still potential volatility risks in the future. Therefore, investors should remain cautious.
Bitunix Analyst Suggestion:
Under the backdrop of macro optimism, ETH maintains a high-level oscillating structure. From a daily chart perspective, ETH completed a deep retracement in the 2275 range and began to rebound. Currently, it is constrained by the 2571–2600 minor range resistance and has not yet achieved an effective breakthrough. The 2275–2300 range below is a high-liquidity support area. After a retracement to this area, short-term bulls
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Matrixport: Cryptocurrency Market Lacks New Catalysts, Retail Trading Enthusiasm Wanes Overall
On July 7th, Matrixport issued its daily analysis indicating that this year, the retail trading activity in the crypto market has remained feeble. The daily spot trading volume in South Korea has plummeted to $775 million. The notable decrease in trading volume reflects an overall dimming of enthusiasm among retail participants.
Since the launch of the TRUMP coin in January, market trading has been gradually decelerating. With the unlocking of $782 million worth of TRUMP tokens next week, the additional supply may further exacerbate market selling pressure, and some holders may choose to exit to realize profits. If there is not enough buying pressure to sustain this, short-term volatility may intensify.
The current market lacks new driving forces, and most retail investors seem to have entered the "summer break mode" in advance.
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