Shitcoin Market Experiences a General Surge, BANANAS31 Hits Another All-Time High

On July 10th, according to market intelligence, the Hong Kong stock concept stock Guotai Junan International closed with an 8.85% increase today and ended at 6.27 Hong Kong dollars. Since June 25th, Guotai Junan International has officially obtained approval to provide cryptocurrency and other virtual asset trading services. The stock price has risen from 1.24 Hong Kong dollars to today, experiencing a more than 5-fold increase in 11 trading days.

On July 10th, based on on-chain data, a whale has taken a 3x long position on ETH. Currently, it holds a 3x ETH long position valued at $8,943,226.5, with an entry price of $2,807 per ETH. It is reported that in the past 7 days, this address has made a profit of $4.54 million on Hyperliquid.

July 10th. President Trump of the United States announced the implementation of the "Tariff 2.0" plan commencing from August 1st. The plan aims to impose tariffs on countries such as Japan, Brazil, and Malaysia, which has triggered market concerns regarding inflation and supply chain pressure. The minutes of the Federal Reserve's June meeting released on the same day revealed significant differences among decision-makers regarding the timing of interest rate cuts. If the tariff policy leads to a rise in price levels, it may further constrict the short-term monetary easing space. Bitcoin reached a daily high of 112,022 USDT on that day, setting a new all-time high. It has now broken through the long-term downtrend line and the large liquidation area above 110,548 and is attempting to establish support above the 111,000 integer mark. Bitunix analyst's suggestion: Considering the increased macro uncertainty and the fact that Bitcoin has already absorbed a significant amount of overhead

On July 10th, HTX Researcher Chloe (@ChloeTalk1) made a post stating that the United States announced the further delay of the new tariffs that were originally scheduled to come into effect on August 1st. Along with strong non-farm data and increased fiscal spending, Bitcoin continued to reach new highs this morning. The ETH ETF witnessed a record single-day inflow of funds during this quarter. Fundstrat's BMNR raised an additional $250 million and significantly increased its ETH holdings, resulting in a more than 30-times surge in its price. Although strong employment data reduced the market's expectation of a July rate cut to approximately 5%, the Federal Reserve meeting minutes revealed widening divisions among officials, leaving the policy direction highly uncertain. This week's earnings season and the CPI on July 15th will be the next crucial milestones. In terms of on-chain data, the CEX BTC reserves dropped to around 2.4 million coins, accounting for less than 11% of the circu

On July 10th, according to an official announcement, the BNB Foundation has declared the accomplishment of the 32nd quarterly burn. A total of 1,595,599.78 BNB has been burned, with an approximate value of 1.024 billion U.S. dollars. This encompasses 1,595,470.69 BNB burned through actual burn operations and 129.10 BNB burned through the Pioneer Burn program. After this burn, the total remaining supply of BNB is 139,289,513.94 BNB, and the burned tokens have been transferred to the burn address.

On July 10th, according to Yahoo Finance, "the first stock of stablecoins," Circle, saw a 5.3% increase in overnight trading. Previously, it was reported that Ant Group will incorporate Circle's stablecoin into its global platform.