Biden speaks after Trump was attacked: I'm glad Trump is safe

Headlines

▌Trump spoke for the first time after the attack: his right ear was shot through by a bullet, thanking the US Secret Service

Trump spoke for the first time after the attack, thanking the US Secret Service. The bullet shot through the upper part of my right ear. Nothing is known about the gunman at present.

▌Biden: I am glad that Trump is safe and in good condition, and I hope to contact Trump tonight

US President Biden said he had learned about the shooting at Trump's Pennsylvania campaign rally. Biden issued a statement saying, "I am glad to hear that he is safe and doing well. While we wait for further information, I pray for him, his family and all those who attended the rally." Biden said, "There is no place for this kind of violence in the United States. We must unite to condemn it. I hope to contact Trump tonight."

▌Musk officially supports Trump

Shortly after Trump was shot, Musk officially supported Trump on the social media platform X. Musk said, "I fully support Trump and wish him a speedy recovery." In the past few months, people have been speculating whether Musk will support him. Yesterday, it was reported that Musk donated to a super political action committee dedicated to helping Trump enter the White House. Musk also said that the director and leader of the Secret Service should resign.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is 59610.57 US dollars, with a daily increase or decrease of +2.89%;

ETH's latest transaction price is 3183.27 US dollars, with a daily increase or decrease of +1.4%;

BNB's latest transaction price is 535.28 US dollars, with a daily increase or decrease of +0.01%；

SOL's latest transaction price is 144.77 US dollars, and its intraday increase or decrease is +3.63%；

DOGE's latest transaction price is 0.1136 US dollars, and its intraday increase or decrease is +5.02%；

XPR's latest transaction price is 0.5236 US dollars, and its intraday increase or decrease is +9.52%。

Policy

▌Mark Cuban: Biden should fire SEC Chairman Gary Gensler

Billionaire Mark Cuban discussed regulatory requirements and the SEC's insistence on requiring cryptocurrency exchanges to register as trading platforms with regulators with Biden's senior advisers and cryptocurrency leaders. He said: "You all have the right to quote me. Biden should fire Gary Gensler" (Gray Gensler is the current chairman of the U.S. Securities and Exchange Commission).

Blockchain Applications

▌Yearn: New vault yPT-pzETH launched on yearn

Yearn officials said that the new vault yPT-pzETH has just been launched on yearn.

▌Oracle Protocol Pyth Launches New Decentralized Solution Express Relay on Mainnet

Blockchain oracle protocol Pyth announced that it has officially launched its latest product Express Relay on the mainnet. According to the team, this launch introduces a new decentralized solution for MEV's long-standing problems in handling liquidations and improving market efficiency transactions in DeFi. The primitive connects DeFi protocols directly to mature searcher networks through protocol-controlled auctions for events such as liquidations. Already integrated partners include Flow Traders, Wintermute, Auros, Flowdesk, Caladan, Tokka Labs and Swaap Finance.

Cryptocurrency

▌Analysis: Bitcoin futures term structure indicates bullish sentiment

Cryptoslate published an analysis article stating that the prices of Bitcoin futures contracts on major exchanges showed a gradual upward trend. The futures term structure chart shows how the futures prices of Binance, Bybit, Deribit, Huobi, and OKX have steadily increased from August 2024 to June 2025. This continued upward trend indicates that the market expects Bitcoin prices to rise in the next year. The chart starts at about $58,000 for the August 2024 contract and gradually increases, with the peak of the June 2025 contract at about $65,000. Notably, Deribit leads with the highest predicted price, indicating market confidence in the platform's futures market. In contrast, Huobi's forecast is slightly more conservative, reflecting different market sentiments between exchanges. The upward trend in futures prices may mean that investors remain confident in the long-term value of Bitcoin after the halving in April 2024. Historically, halving events have led to significant price increases due to supply reductions. Current futures pricing is in line with this historical pattern, and prices are expected to continue to rise. Market participants should consider these forecasts when formulating strategies for the coming months, as the futures term structure can provide insight into market expectations and potential price movements.

▌Data: Mt.Gox may bring $4.62 billion in sales before November

According to a forecast posted by Trader T on a social platform, after a week of strong selling by the German government, Mt.Gox in Mentougou will be the next strong seller. Mt.Gox should repay a total of 14,100 bitcoins, and the repayment ratio should be no less than 80% before November this year. The repayment discount rate is 89%, so Mt.Gox can sell at most 100,392 BTC before November. Given its dispersed ownership, the possibility of large-scale liquidation is low. According to the worst-case scenario that can be predicted, Mt.Gox will sell 80% of its bitcoins, which may bring $4.62 billion in liquidation pressure.

▌The value of Trump's cryptocurrency holdings rebounded to over $10 million

According to Arkham data monitoring, the value of crypto assets held by former US President Donald Trump's address rebounded to over $10 million, currently reaching $10,853,273.51, but down about 65% from the high of over $31 million in early June. The current holdings of this address mainly include: -210.345 billion TROG, worth $2.39 million; -579,290 TRUMP, worth $4.83 million; -490.449 ETH, worth $1.56 million; -377.191 WETH, worth $1.2 million.

▌Trump-related MEMEs soared, TRUMP rose more than 40% in half an hour

Trump-related MEMEs soared, TRUMP rose more than 40% in half an hour, and MAGA rose more than 35%. The market fluctuates greatly, please do a good job of risk control. It was previously reported that Trump was shot during his speech and the suspect has been shot dead.

▌Biden-related Meme coin BODEN fell 6.5% in 24 hours

The market shows that Biden-related Meme coin BODEN fell 6.5% in 24 hours, now at $0.03683, with a current market value of approximately $25.61 million. The market fluctuates greatly, please do a good job of risk control.

▌Notcoin: Will conduct an airdrop of $7 million

TON Ecological Click Game Notcoin announced on the X platform that it will conduct an airdrop of $7 million, of which $5 million will be allocated to pledgers and level holders, and another $2 million will be distributed to users participating in the event within the next three months.

Important Economic Dynamics

▌Analysts: If the Federal Reserve gradually enters a rate cut cycle, the valuation of Hong Kong stocks is expected to increase significantly

After the expectation of the Federal Reserve's rate cut increased, the Hong Kong stock market has ushered in a big explosion. At the close of Friday, the Hang Seng Index rose by more than 2%, the Hang Seng Technology Index rose by 2.67%, and the State-owned Enterprise Index rose by 1.93%. Analysts pointed out that the Hong Kong stock market is significantly affected by the Fed's monetary policy and has obvious and rapid feedback to it. If the Fed gradually enters a rate cut cycle, the valuation of Hong Kong stocks is expected to increase significantly, based on the Hong Kong dollar anchored to the US dollar and the interest rate level in Hong Kong being basically consistent with the Fed's trend. Guotai Junan Securities believes that as economic policy uncertainty decreases and the trend of overseas rate cuts is confirmed, Hong Kong stocks will fluctuate upward. Specifically, the more sensitive sector is expected to usher in good news. Secondly, pharmaceutical stocks, which are more sensitive to interest rate costs, are also expected to benefit from the speculation of rate cuts. With the decline in capital costs, pharmaceutical capital expenditures will increase investment, and overseas market business will tend to improve.

▌Indicators measuring Bitcoin volatility have tended to decline over the past decade

Indicators measuring Bitcoin volatility have tended to decline over the past decade, but are still higher than assets such as stocks or gold. For example, during this period, the gap between the 180-day realized volatility indicators of Bitcoin and gold has narrowed by more than 100 percentage points to 28 percentage points. Richard Galvin, co-founder of hedge fund DACM, said that the increasing institutionalization of Bitcoin ownership will lead to lower volatility over time. He added that products such as ETFs introduce a class of investors who are "more likely to make countercyclical purchases."

Golden Encyclopedia

▌What is market depth in cryptocurrency trading?

In cryptocurrency trading, market depth describes the ability of the market to withstand a large number of orders without a noticeable impact on the price. It is a liquidity indicator that shows the number of buy and sell orders for a given cryptocurrency at different price points. So, how is market depth displayed? Depth charts are often used to illustrate this data. It plots buy orders (bids) on one side and sell orders (asks) on the other side to reflect price levels.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment philosophy and be sure to increase risk awareness.