Bitcoin Breaks $109,000

On July 9th, as reported by Eleanor Terrett, lawyer John E Deaton, who represents thousands of retail investors, has filed a securities fraud class action lawsuit against Linqto's co-founder and former CEO, William Sarris. The lawsuit claims that Sarris carried out a multi-year fraud scheme on the Linqto platform by selling shares of private companies like Ripple, Uphold, and Kraken through Special Purpose Vehicles (SPVs) with undisclosed markups reaching as high as 60%, presenting misleading waiver statements, and conducting unlicensed sales. According to the complaint, Sarris received internal legal memoranda in 2023 and 2024 clearly warning that these issuance practices violated multiple SEC and FINRA regulations, such as acting as an unregistered broker-dealer and operating an unregistered investment company, but he chose to disregard them. Deaton stated that this lawsuit is targeted at Sarris personally and is not subject to the limitations of bankruptcy protection.

On July 9th, according to HTX market data, GMX saw a more than 22% plunge within 24 hours and is currently trading at $10.86. Previously, it was reported that GMX was hit by a hacker attack, resulting in a loss of approximately $40 million.

On July 9th, Trump issued a trade letter to multiple countries. The letter indicates a 20% tariff on goods from the Philippines, a 25% tariff on goods from Brunei, a 30% tariff on goods from Algeria, a 25% tariff on goods from Moldova, a 30% tariff on goods from Iraq, and a 30% tariff on goods from Libya. (FX168)

On July 9th, according to official channels, Binance's Savings, the one-click purchase of crypto, Instant Exchange, and Margin Trading will list Lagrange (LA).

On July 9th: Economists Michael Feroli and Abel Reinhard from J.P. Morgan released their latest research report. They estimated that following Trump's announcement this week to impose tariffs on 14 countries starting from August 1st, the average tariff rate in the United States will rise from the previous 13.4% to 14.6%. According to independent analysis by Deutsche Bank, the new average tariff rate could exceed 18%. Additionally, J.P. Morgan also pointed out that if Trump continues to advance other potential trade measures, such as reinstating the reciprocal tariffs proposed in April against other countries, adding new tariffs on copper products, or imposing tariffs on BRICS countries, the overall average tariff rate in the United States could further increase by up to 6 percentage points. (FX678)

On July 9th, as per official channels, the Swedish-listed company H100 Group announced that it has boosted its holdings by 46.93 BTC. Currently, the total holding of Bitcoin amounts to 294.5 BTC.