Jin10 data reported on July 7 that Yemen's Houthi forces claimed responsibility for attacking a ship crossing the Red Sea on Sunday, marking their first attack on a merchant vessel since December of last year. Houthi spokesman Yahya Saree stated in a television announcement on Monday that drones and missiles were launched at the Greek Stem Shipping’s "Magic Seas". The Houthis later claimed that the ship has sunk. The organization stated that the ship was targeted because it had previously docked at Israeli ports. Since the end of 2023, the Houthis have been attacking merchant ships, leading to a sharp decline in the number of ships passing through the Suez Canal. In May of this year, Trump stated that a ceasefire agreement had been reached with the Houthis.

The well-known opinion leader in the encryption field "Stellar Rippler" has put forward a disruptive interpretation of President Trump's new bill, attracting widespread attention. Although mainstream media refers to it as tax and spending reform, he believes it is a key step towards a Financial System Reset, with XRP and XLM at the core of this transformation.

A Deloitte survey shows that the appeal of the United States for British business executives has significantly declined, with only 2% considering the U.S. attractive, a notable drop from the end of 2024. Meanwhile, the attractiveness of the British market has risen, with the net value increasing from -12% to +13%, making it jointly the best investment location alongside India.

The US market is shrouded in the shadow of a potential triple blow, as the convergence of inflation risks, tariff threats, and flawed fiscal policies could lead to a massive asset dumping. Economist and gold advocate Peter Schiff posted a series of messages on the social media platform X on July 5, warning that a new round of tariffs could trigger market turbulence and urging investors to prepare for the impact. He predicted that the dollar, government bonds, and stocks would face sharp declines, which would be the "reciprocal" tariff effects not yet fully reflected in the market.

Gate News bot news, Elon Musk confirmed on Sunday that his proposed "America Party" - an alternative to the two-party system of the Democratic and Republican parties - will accept Bitcoin. Musk made the above statement in response to a user's question on X about whether the "America Party" would accept Bitcoin. He expressed his recognition of Bitcoin while also holding a skeptical attitude towards fiat currency.

As the U.S. employment data becomes clearer, the non-farm data may be enough to prevent The Federal Reserve (FED) from raising interest rates. This week, the market focus shifts to the reciprocal tariff deadline set by President Trump (July 9), and the new uncertainties may impact the TradFi and Crypto Assets markets.

TSL CEO Elon Musk, the tech giant who was once a key aide to former US President Trump, recently announced the establishment of his own political party - the "America Party," while hinting that he still supports Bitcoin. Musk warned last year that the US debt would soar to 37 trillion dollars, which became a crucial reason for his efforts to bring Trump back to the White House. However, Musk had a dispute with Trump due to the increased US debt ceiling in Trump's proposed Great America Act. Now, as Bitcoin's price is about to reach "trillions of dollars," Bitcoin and Crypto Assets analysts predict that due to the US's "massive fiscal expansion," Bitcoin's price will experience a big pump.

This week, the key catalysts for crypto assets will be the upcoming release of the Federal Reserve (FED) meeting minutes, as well as the tariff deadline set by U.S. President Trump on July 9. Bonk (BONK), Aptos (APT), and Pi Network (PI) are the focus of crypto assets this week, as people follow the trading changes during their consolidation phase.

Today (7th) in the Asian early session, Bitcoin (BTC) continues the weekend rebound trend, maintaining above $109,000. The Trump administration announced that tariffs will take effect on August 1, and countries can still negotiate with the U.S. before the July 9 deadline. Billionaire Musk has established the "American Party," implying continued support for Bitcoin, as the rift with Trump intensifies.

Trump hopes to reach a ceasefire protocol regarding the Gaza conflict in talks with Israeli Prime Minister Netanyahu, including a 60-day ceasefire and the release of hostages. The United States seeks to achieve consensus on the management and security guarantees of Gaza, while Israel has softened its stance on handling Hamas officials.

Jin10 reported on July 7th that U.S. President Trump stated on Sunday local time that Musk's move to establish a new political party in the United States is absurd and could exacerbate chaos. Before boarding Air Force One in New Jersey, Trump told reporters: "I think forming a third party is absurd." "Establishing a third party will only add to the chaos… He can have fun, but I think it’s absurd."

Israel will send a delegation to Qatar on Sunday to negotiate a ceasefire and hostage protocol regarding Gaza, although Hamas's demands are considered "unacceptable" by the Israeli side. The talks will take place in Doha, with the return of hostages being a priority, and Netanyahu plans to hold this round of negotiations before meeting with Trump.

BlockBeats news, on July 6, according to relevant page information, the prediction on Polymarket that "the FDV market capitalization of WLFI Token will exceed 13 billion USD on the first day after its launch" has a probability of 56%. However, the current funding participating in this event prediction is relatively small, so the reference value may be limited. Previously, on July 4, the Trump family's encryption project WLFI officially announced that the proposal to make WLFI Token transferable is now online.

Jin10 data July 6 news, Japanese Prime Minister Shigeru Ishiba said on Sunday that he would not "easily compromise" in negotiations with Washington. "We will not easily compromise. That is why negotiations take time and are difficult." He made the remarks as Japan rushed to negotiate with the Trump administration ahead of Wednesday's trade agreement deadline.

The conflict in the Gaza Strip continues to escalate, with the death toll exceeding 57,000. Trump is expected to reach a protocol next week and emphasized that he will discuss the Iranian nuclear issue. An Israeli delegation will go to Qatar for consultations. Meanwhile, the UK has made its first ministerial visit to Syria, restoring diplomatic relations.

On June 11, Musk expressed regret over his previous criticism of Trump, and their relationship softened. On June 29, Musk again criticized Trump's "Big and Beautiful" bill, causing the relationship to deteriorate. On July 4, after Trump signed the bill, Musk announced the establishment of the "American Party" and stated that the bill would lead to the bankruptcy of the United States.

BlockBeats news, on July 5, according to a CNBC survey: 78% of people said that Trump's tariffs will make debt management more difficult. (Jin10)

Jin10 data reported on July 5, Venezuelan political scientist Igor Korazhos stated that the recent phone conversation between Russian President Putin and U.S. President Trump confirmed that Moscow's position on the Ukraine conflict has not changed. Experts indicate that the conversation between the two leaders shows that Russia continues to firmly adhere to its strategy both on the battlefield and in the diplomatic arena. Korazhos also commented on the U.S. decision to partially suspend arms supplies to Ukraine, believing that this is not a tactical move, but rather a result of Washington's depleted stock and NATO's structural limitations.

The voting initiated by Musk to create the "American Party" involved over 1.16 million participants, with 65% supporting the establishment of the party. Meanwhile, Trump signed a tax and spending bill, to which Musk expressed opposition and threatened to establish a new party if the bill passed.

Elon Musk initiated a vote on the social platform regarding the establishment of a new party called "American Party," with results showing 64.4% support for the proposal. Meanwhile, Trump signed the "Big and Beautiful" tax bill, and Musk stated that the lawmakers supporting the bill should feel ashamed, promising to establish the new party the day after the bill is passed.

According to ChainCatcher news and reports from Jin10, Trump said on Friday that Iran has not agreed to inspections of its nuclear program and has not agreed to abandon its uranium enrichment activities. He stated that he believes Tehran's nuclear program has been permanently shelved, although Iran could restart its nuclear program elsewhere. He will discuss the Iran issue with Israeli Prime Minister Netanyahu on Monday.

Jin10 reported on July 5 that Trump said on Friday that Iran has not agreed to inspections of its nuclear program and has not agreed to abandon its uranium enrichment activities. He stated that he believes Tehran's nuclear program has been permanently shelved, although Iran could restart its nuclear program elsewhere. He will discuss the issue of Iran with Israeli Prime Minister Netanyahu on Monday.

Jin10 reported on July 5th that U.S. President Trump responded to Hamas by saying, "Well, that's good." Trump stated that he had not yet received relevant notifications and that we must take action to address the situation in Gaza, and we are providing substantial funding and assistance. Previously, Hamas stated that it had made a "positive" response to the ceasefire proposal in Gaza.

BlockBeats news, on July 5, U.S. President Trump signed the "Beautiful Law" into effect on July 4 local time. The U.S. House of Representatives passed the "Beautiful Law" pushed by President Trump with a vote of 218 in favor and 214 against on the afternoon of the 3rd. The bill has been controversial due to cuts in federal aid, increases in long-term debt, and tax cuts for the wealthy and large corporations. Two Republican representatives voted against the bill on the same day. The bill was passed by the Senate on the 1st of this month. (Jin10)

Jin10 reported on July 5, local time on July 4, a federal judge in the United States temporarily halted the Trump administration's plan to deport eight immigrants to South Sudan, aiming to give their lawyers time to present their claims in a Massachusetts court.

Golden Finance reports that U.S. President Trump stated that the U.S. stock market is at a historic high and will maintain this trend. (First Financial)

According to Golden Finance, on July 4 local time, U.S. President Trump signed the "Big and Beautiful" tax and spending bill, making it effective. The U.S. House of Representatives passed the "Big and Beautiful" bill promoted by President Trump with a vote of 218 in favor and 214 against on the afternoon of the 3rd. The bill has been controversial due to federal aid cuts, increased long-term debt, and tax cuts for the wealthy and big corporations. Two Republican representatives voted against the bill during the vote. The bill was passed by the Senate on the 1st of this month.

Hamas has actively responded to the relevant mediation party regarding the ceasefire proposal for Gaza and is expected to issue an official statement soon. The news has not yet been confirmed. The U.S. and Israel are in talks over the ceasefire agreement, while Qatar and Egypt will submit the final text. Hamas will make a decision after consulting with Palestinian factions.

Trump spoke with Ukrainian President Zelensky to discuss Ukraine's air defense needs and expressed a desire to provide assistance. Despite the Pentagon pausing the delivery of weapons to the Ukrainian military, Trump remains concerned about the escalation of Russian attacks. At the same time, he expressed disappointment over conversations with Putin.

Ukrainian President Zelensky had an important dialogue with U.S. President Trump, thanking the U.S. for its support, discussing the current situation, enhancing air defense capabilities, and defense cooperation. He emphasized the need to reach a peace protocol and expressed anticipation for direct cooperation with the U.S.

ChainCatcher news, the Trump family's encryption project WLFI has announced on the X platform that the proposal to make WLFI Token transferable is now in effect, "Today marks Independence Day in the United States, and we are making history."

Pictet Asset Management stated that the economic and geopolitical leadership of the United States is facing an end, with the relationship between the dollar and U.S. Treasury bonds breaking down, leading to a rise in yields and a weakening of the dollar, reflecting the challenges to the previous narrative of American exceptionalism.

BlockBeats news, on July 4, U.S. President Trump stated that he would issue new tariff notifications to trade partners as early as Friday to strengthen pressure ahead of negotiations on July 9. This move marks a potential new round of escalation in U.S. global tariff policy. The market is concerned about further deterioration in global trade, impacting economic prospects, leading to fluctuations in the dollar and a short-term strengthening of safe-haven asset gold prices. The price of Bitcoin is currently consolidating around 108,849, constrained by previous high pressure at 110,348, with a large number of short order liquidation points concentrated in that area. Although the price has broken through the downward trend line, it encounters resistance in the pressure zone. If it falls below 108,000 in the short term, it will return to the supply and demand imbalance area. Bitunix analysts suggest: Currently, BTC is at a critical turning point; if it holds above 108,000, it is expected to challenge 110,348 and the upper liquidation zone around 112,000.

Odaily News In the first half of 2025, the total financing amount for encryption projects reached approximately 10.3 billion USD, surpassing the total of 9.6 billion USD for the entire year of 2024. Among them, World Liberty Financial, supported by the Trump family, raised 300 million USD in a Token sale completed on January 20 (the day Trump was inaugurated as president), ranking third among all financing projects. (DLnews)

Odaily News Research firm HarrisX released a market survey showing that cryptocurrency investors generally support Trump's digital asset policy, with 81% of respondents indicating they are familiar with Trump's digital asset policy, and 73% expressing approval. These figures received the highest support rates among other surveyed topics. Trump's net support rate on cryptocurrency policy is +56 percentage points, while the net support rate for other key issues is +48 percentage points or even lower. (Cryptoinamerica)

In the first half of 2025, the total amount of funding for encryption projects reached approximately $10.3 billion, exceeding the $9.6 billion in 2024. Among them, World Liberty Financial, supported by the Trump family, completed a Token sale on January 20, raising $300 million, ranking third in funding projects. The company is not owned by the Trump family, but its family members are actively promoting the project's development.

Jin10 data reported on July 4th that UBS Global Wealth Management analysts said in a report that in the worst-case scenario, the U.S. may re-impose the currently suspended reciprocal tariffs, and the U.S. dollar may weaken. The 90-day tariff suspension will end on July 9th. Analysts stated that the most severe outcome would be the U.S. imposing previously announced higher tariffs on all trading partners without reaching a trade agreement. The U.S. dollar could be subject to dumping against the euro, Swiss franc, Japanese yen, and British pound. They added that weaker currencies such as those in emerging markets would also fall.

On the stage of U.S. economic policy, a silent battle over the authority of monetary policy formulation is quietly unfolding. The U.S. Treasury Department's strategy of increasing short-term bond issuance is substantially undermining the independence of the Federal Reserve (FED), and the authority of monetary policy may effectively shift to the Treasury Department. This week, U.S. Treasury Secretary Yellen made it clear that she prefers to rely more on short-term debt financing, a stance that contrasts with her previous criticisms of her predecessor's excessive reliance on short-term government bonds. This strategy is essentially equivalent to a fiscal version of quantitative easing. Not only will this stimulate the prices of risk assets further away from their long-term fair values and structurally push up inflation levels, it will also severely limit the Federal Reserve's ability to independently formulate anti-inflation monetary policy, creating a pattern of fiscal dominance.

Gate News bot message, White House crypto and AI czar, "crypto tsar" David Sacks posted on X stating that the week of July 14 is House Cryptocurrency Week: The "GENIUS Act" is about to be sent to President Trump. The "CLARITY Act" (U.S. Digital Asset Market Clarification Act) is also about to be sent to the Senate.

The article mainly discusses the dynamics of the US dollar and major non-USD currencies, including Trump's tariff plan, the US Non-farm Payrolls (NFP) data indicating a strong economy leading to the abandonment of rate cut expectations, and the views of central bank officials on monetary policy and economic outlook. Overall, the global reserve status of the US dollar remains solid.

Although the landmark budget bill supported by President Trump (known as the "Great and Beautiful Act", H.R. 1) **did not include any direct provisions for crypto assets, market analysts believe its potential liquidity injection effect could serve as a favourable factor for crypto assets. The bill was passed in the U.S. House of Representatives on July 3rd (Thursday) by a narrow margin (218-214 votes).

Gate News bot news, according to Jin10, Credit Suisse analyst Ipek Ozkardeskaya stated that the US-Vietnam trade agreement has sent a strong signal that tariffs on other countries will not hover around the general 10% threshold, but will be higher.

On Thursday, the U.S. House of Representatives passed a $3.4 trillion budget proposal by a narrow margin of 218 votes to 214. The bill includes large tax cuts, reductions in spending on social security programs such as Medicaid, and reverses several policies aimed at promoting a clean energy economy under the Biden administration. President Trump plans to hold a ceremony at the White House to sign the bill on Friday at 4 PM, completing the legislative process ahead of his set deadline of July 4.

According to Bloomberg, after days of negotiations and last-minute maneuvering, the U.S. Congress passed a multi-trillion dollar tax and spending bill that solidifies President Trump's domestic policy agenda. This bill, which Trump referred to as "big and beautiful," extends the tax cuts implemented during his first term, allocates billions for defense and immigration enforcement, while significantly cutting funding for healthcare programs, food assistance, and clean energy initiatives. The bill passed in the House of Representatives with a vote of 218-214 and has now been sent to President Trump for signing.

The leader of the Republican Party in the United States announced that "Crypto Assets Week" will begin on July 14, aimed at drawing Congress's attention to three bills related to Web3. These bills are currently in different stages of the approval process, but advocates for the Crypto Assets industry will closely scrutinize all bills.

Gate News bot news, according to the summary of key events by the vernacular Blockchain, U.S. President Trump will sign the "Beautiful Big Bill" at 5 AM Beijing time on Saturday. The U.S. Securities and Exchange Commission (SEC) unexpectedly rejected the GDLC listing application, and Grayscale stated that it will continue to advance the encryption ETF conversion plan.

HarrisX's latest poll shows that 73% of Crypto Assets investors support Trump's related policies, 71% believe the policies have a positive impact on Crypto Assets, and 64% are more inclined to invest. At the same time, 82% of investors believe that now is a good time to invest in Crypto Assets. The survey covered 1,096 American adults.

Today (5) in the Asian early market, Bitcoin slightly retraced to around 109,600 USD after breaking through the 110,000 USD mark last night. U.S. President Trump stated that he may begin announcing new tariff rates to various countries on Friday local time. The June non-farm payroll data was stronger than expected, boosting market sentiment and weakening expectations for a rate cut by The Federal Reserve (FED), which has suppressed buying interest in Crypto Assets.

On July 4, Jin10 reported that President Trump met with the Saudi Defense Minister at the White House on Thursday, where they discussed the situation in Iran and other regional issues. This meeting took place before Netanyahu's meeting with Trump at the White House next Monday. The Trump administration hopes to push for a historic peace protocol between Saudi Arabia and Israel in the coming months. After meeting with President Trump, the Saudi Defense Minister communicated with the Chairman of the Iranian General Staff via telephone.

Golden Finance reported that U.S. President Trump had a lengthy phone call with Russian President Putin to discuss Iran and Ukraine issues. No progress was made with Russian President Putin.