Perspective: Whether the Bitcoin Price Rally Can Continue Will Largely Depend on the Macro-Economic Situation and Any New Developments in the Trade Sector
July 10th: Regarding Bitcoin's breaking of a new high, Sid Powell, the CEO and Co-Founder of the crypto asset management company Maple, stated that whether Bitcoin's upward trend can continue mainly depends on the macroeconomic situation and any new developments in the trade sector. He believes that if trade talks encounter difficulties before the August 1 deadline for Trump's trade agreement, it may bring more resistance to Bitcoin. However, if the trade agreement makes further progress and low inflation data leads the Fed to restart key interest rate cuts, it may support the continuous upward trend of Bitcoin.
In addition, John Glover, the Chief Investment Officer of the crypto lending platform Ledn and the former Managing Director at Barclays Investment Bank, stated, "Currently, Bitcoin seems to be only retesting the previous all-time high from May 22nd and facing selling pressure at that level." (Jinse)
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The Probability of FDV Exceeding 4 Billion U.S. Dollars After the First Day of Trading on pump.fun Has Risen to 84%
On July 10th, based on the information on the relevant page, the probability on Polymarket that "FDV will exceed $4 billion on the first day of listing on Pump.fun" has increased to 84%, and the probability of exceeding $5 billion is reported to be 75%.
As of the time of this writing, there is $134,000 staked in this prediction.
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Bullish is partnering with the Solana Foundation to advance on-chain stablecoin applications and plans to gradually introduce Solana technology.
On July 10th, on the digital asset platform Bullish, it was announced that they had entered into a partnership with the Solana Foundation. This partnership will utilize the Solana native stablecoin for the exchange's custody, payment, trading, and settlement services.
The two parties have the goal of building efficient and low-cost on-chain financial infrastructure. By combining Bullish's deep liquidity with Solana's high-speed network advantage, they aim to achieve better results. Bullish plans to gradually introduce Solana technology to support payments and future product innovation.
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PUMP traded on the Hyperliquid pre-market for 6 hours, with a trading volume exceeding $64 million.
On July 10th, based on Hyperliquid market data, PUMP was launched 6 hours ago in the pre-market. Currently, the trading volume is $64.19 million and the open interest is $36.25 million. The current pre-market price of PUMP is $0.005248.
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Binance will support the League of Kingdoms (LOKA) token swap and rebrand to Arena-Z (A2Z)
On July 10th, as per official channels, Binance is set to support the League of Kingdoms (LOKA) token swap and rebranding initiative to Arena-Z (A2Z).
Consequently, Binance will halt trading and remove all existing LOKA spot trading pairs (LOKA/BTC and LOKA/USDT) at 11:00 (UTC+8) on July 28, 2025, and will automatically cancel all orders. The A2Z/BTC and A2Z/USDT spot trading will commence at 16:00 (UTC+8) on July 30, 2025.
Furthermore, Binance will suspend the deposit and withdrawal services for the old LOKA token at 11:30 (UTC+8) on July 28, 2025.
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Guotai Junan International Research Report: It is Highly Likely that the Stablecoin Market will Present a "Dual-Track Parallel" Development Feature in the Future
July 10th. Guotai Junan International has recently released a digital asset research report titled "Inspiration from Tether: Can Non-USD Stablecoins Break Through?". The report stated that with the establishment of stablecoin regulatory frameworks in major countries and economies around the world, the global digital asset market is undergoing a historical transformation. The bank pointed out that after years of development, non-USD stablecoins have expanded their foundation. This year's "de-dollarization" trend has also provided new opportunities for non-USD stablecoins. Judging from the current regulatory framework and development status of the stablecoin market, it is very likely that the stablecoin market will present a "dual-track parallel" development feature in the future.
On one hand, led by US domestic compliant stablecoins, it serves the heavily regulated traditional financial and institutional markets, emphasizing security, transparency, and legal protection. On the other ha
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