Truth Social Submits Cryptocurrency Blue-Chip ETF S-1 Filing Application

On July 9th, perhaps due to the "Musk mentioning Peanut in a tweet" news, PNUT saw a brief surge of nearly 6%, with its market capitalization reaching $219 million.

July 9th. On Tuesday, US President Trump stated at a cabinet meeting that if the allegations regarding the Fed Chair Powell's misleading of Congress regarding the renovation project at the Federal Reserve headquarters are accurate, the Fed Chair should "resign immediately." Trump once again criticized Powell, referring to him as "terrible." He told reporters that deceiving Congress would be a sufficient reason for immediate resignation. "Then he should resign immediately," Trump said. "We need someone who will lower interest rates." Trump continued to criticize Powell's policy of keeping interest rates unchanged. Last month, he even stated that he would select a successor who supports rate cuts. Previously, the media exposed cost overruns and luxurious upgrades in the renovation project of the Federal Reserve headquarters. Powell recently refuted these reports during a Senate hearing, stating that they were "misleading and inaccurate in many aspects." (Golden Finance)

On July 9th. During a cabinet meeting held on Tuesday, U.S. President Trump informed reporters that there are more trade agreements on the horizon, specifically in the form of letters stipulating unilateral tax rates by the United States. "These agreements are essentially me making requests to them," Trump said. "The numbers we have determined are both low and fair." Trump further added that the U.S. will impose a 50% new tariff on imported copper. "Today, we are focusing on copper. I believe we will set the copper tariff at 50%." In response, New York copper futures surged, with an intraday gain expanding to 17% at one point. Moreover, Trump stated that the U.S. will soon impose tariffs of up to 200% on drugs. However, before the tariffs come into effect, companies will have a period of one and a half years to adjust their supply chains. Trump also mentioned that he will soon announce tariffs on semiconductors, but he did not specify the tariff level or the date. (Golden Finance)

On July 9th, Musk mentioned "Peanut" in a tweet. The tweet said, "They arrested (and killed) that person but didn't even try to charge anyone on the Epstein client list. The government is in deep trouble."

On July 9th, based on Coinglass data, the total open interest of Bitcoin futures contracts on the network amounts to 679,170 BTC (approximately $73.59 billion). Among them, the open interest of CME Bitcoin futures is 151,180 BTC (approximately $16.37 billion), ranking first. The open interest of Binance Bitcoin futures is 109,260 BTC (approximately $11.83 billion), ranking second.

On July 9th, Trump stated that Congress ought to conduct an investigation into Federal Reserve Chairman Powell. (FXStreet)