The Trump DOGE Department has proposed to focus on the policy of the U.S. Securities and Exchange Commission, including Special Purpose Acquisition Company (SPAC) and Private Fund rules.
On July 1st, according to market information: The Department of Government Efficiency (DOGE) within Trump's administration put forward the proposal to center on the policies of the U.S. Securities and Exchange Commission, encompassing Special Purpose Acquisition Company (SPAC) and private fund regulations. (Golden Ten)
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Trump's Second Son Hints at Possible US Presidential Run
July 1st. According to the "Guardian" and Agence France-Presse, Eric Trump, the second son of US President Trump, recently indicated that either he or other members of the Trump family might run for the US presidency after his father's second term in the White House.
The report pointed out that the 41-year-old Eric is the Executive Vice President of the Trump Organization. Since his father first entered the White House in 2017, he has mainly kept away from politics and concentrated on the operations of the family business. However, in an interview with the "Financial Times", he said that if he decides to enter politics, the "political path would be very smooth." (Kin 10)
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HTX DeepThink: US Tariff Deadline Looms, Crypto Transaction Volume Continues to Decline, Macro Uncertainty Intensifies
On July 1st, HTX Researcher Chloe pointed out that by July 1st, the 24-hour spot trading volume of the cryptocurrency market had dropped to approximately $1.04 trillion, which was a decrease of more than 20% from the beginning of June. Bitcoin was maintaining a consolidation around $107,000. As the July 9th deadline for U.S. tariffs was approaching, the market was concerned that the increase in import costs and the tightening of U.S. dollar liquidity would restrain risk appetite.
The "Pennsylvania Plan" proposed by Deutsche Bank has started to attract attention. This plan aims to attract domestic support for government bonds through regulatory exemptions, tax incentives, and stablecoin legislation, and promote the popularization of USD stablecoins.
On-chain data shows that the demand momentum index has dropped to a historical low. Miner revenue is declining and selling pressure is rising. In terms of derivatives, the open interest in Bitcoin options remains at a high of $90 billion,
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ECB Governing Council: Any further interest rate cuts will be very limited
On July 1st, a board member of the European Central Bank, Kazaks, stated that the 10% U.S. tariff, along with the euro's appreciation of more than 10%, is sufficient to exert a negative impact on exports. Any further reductions in interest rates will be quite limited. (Foreign exchange)
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The New Continent's stock price has increased by 4.98% over the past 5 days, and its market value has risen to 32.634 billion yuan.
On July 1st, the stock price of NewLand listed on the Shenzhen Stock Exchange main board has witnessed a 4.98% increase over the past 5 days. As a result, its market value has risen to 32.634 billion yuan.
Previously, NewLand announced that its wholly-owned subsidiary, NovaPay US Inc., which is a fully-owned subsidiary of its holding subsidiary Hong Kong Star Delivery Payment Co., Ltd., has been established and has obtained an MSB license approved by FinCEN in the United States. NovaPay US Inc. has a registered capital of 1 US dollar, and its business scope includes currency exchange or transfer, encompassing currency exchange and international remittance services.
The company's acquisition of the US MSB license is intended to provide a legal access qualification for conducting cross-border fund business, covering scenarios such as currency exchange, remittance, and cryptocurrency transactions, and to offer infrastructure for connecting with global mainstream financial institutions.
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