Musk Announces Formation of the American Party

On July 6th, Lloyds Bank in the UK thinks that the minutes of the June Federal Reserve meeting which will be announced next Wednesday are not expected to change the market's anticipation of maintaining the interest rate unchanged at the July meeting. It is more likely that an interest rate adjustment will occur in September. The Fed's dot plot still anticipates two rate cuts this year, but there is a clear difference among policymakers, ranging from three rate cuts to keeping the policy unchanged. (Kinny)

On July 6th, according to Coinglass data, the total 24-hour liquidation amount of BONK across the network reached more than $7.42 million. The long liquidations totaled $1.82 million, and the short liquidations totaled $5.6 million. The coin's 24-hour liquidation amount is second only to that of ETH. According to HTX market data, BONK is currently priced at $0.00002135, with a 24-hour price increase of 17.83%.

On July 6th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the address of the suspected staking and validation service provider Arthapala has once again deposited 5850 ETH into major exchanges within the past 5 hours, with a total value of $14.73 million.

July 6th: A Bitcoin holder has recently transferred 20,000 BTC that had been dormant for more than 14 years. The market value of these bitcoins is approximately $2.18 billion. The transfer of these 20,000 BTC triggered a strong reaction in the market, causing the Bitcoin price to drop sharply from the previous $110,000, instantly cooling market sentiment. It is worth noting that these bitcoins were purchased at only $0.78 each 14 years ago. This means that the return on investment (ROI) from this transfer is as high as 140,000 times. This enormous return has attracted widespread attention in the market and prompted many investors to reevaluate the future direction of the Bitcoin market. This recent price fluctuation of Bitcoin has undoubtedly broken the previous bullish trend, and the sharp change in market sentiment has created uncertainty about the future Bitcoin price. However, BiyaPay, as a stablecoin trading and digital asset platform, is committed to providing users with a tran

On July 6th, Hong Kong's Financial Secretary Paul Chan stated in an article that "At present, ETPs listed in Hong Kong have their underlying assets linked to a variety of assets such as stocks, fixed-income products, commodities, currencies, and digital assets. The sources of these assets cover the Mainland, the United States, Europe, Japan, South Korea, Southeast Asia, the Middle East, and South America." "ETPs enable issuers to have greater flexibility in selecting underlying assets, product returns, and risk structures, making it easier for them to attract investor interest and hedge risks. They continuously launch new products to meet the constantly changing market trends. For instance, in March of this year, Hong Kong welcomed the first batch of leveraged and inverse products in Asia, including those tracking popular U.S. stocks like NVIDIA, Tesla, Coinbase, and MicroStrategy, with a focus on intraday leverage changes. These products not only enrich the market ecosystem but also

On July 6th, according to multiple U.S. media reports, Elon Musk is hatching a potential move that could transform the U.S. political landscape. It is reported that he is advocating for the establishment of a new political party named the "American Party." In contrast to the traditional third-party's nationwide expansion approach, Musk intends to concentrate his efforts and aim at 2 to 3 Senate seats and 8 to 10 House seats, concentrating on those crucial swing districts. With the influence of the X platform, existing Political Action Committees (PACs), and strong mobilization capabilities, Musk can promptly conduct polls, crowdfund signatures, and organize candidates. Subsequently, Musk made remarks on breaking the two-party monopoly, stating, "To be honest, it's not that difficult."