The U.S. Securities and Exchange Commission (SEC) recently officially accepted the application for a Bitcoin and Ethereum exchange-traded fund (ETF) from Trump Media, marking the start of the agency's clock to approve or reject the proposed fund. This application is not only a significant development in the cryptocurrency market but also signifies a deep integration of crypto assets with U.S. politics. The ETF proposes to offer investors exposure to Bitcoin (BTC) and Ethereum (ETH) through stocks listed on the New York Stock Exchange Arca, supported by crypto assets, with 75% allocated to Bitcoin and 25% allocated to Ethereum.

Gate News bot reported that Eric Trump, the second son of Trump, will speak at the BTC Asia conference held in Hong Kong this August, continuing the Trump family's active presence in the Crypto Assets conference sector. Hong Kong is advancing a series of legislation supporting Crypto Assets through its local council (i.e., Legislative Council). Before the United States passed the Stablecoin Act (GENIUS Act), Hong Kong already had its own stablecoin legislation.

Today (8) in the Asian early session, the price of Bitcoin (BTC) has further retraced, currently reported at around 107660 USD. The dynamics of U.S. tariffs have affected the demand for Bitcoin (BTC). U.S. President Trump issued a trade letter overnight, reintroducing the same tariffs as on April 2. As trade panic escalates, it may further delay The Federal Reserve (FED) from cutting interest rates.

With the drastic changes in the global financial landscape, the dominance of the US dollar is facing unprecedented challenges. Senior Russian officials have stated that global confidence in the dollar is collapsing due to increasing debt, sanctions rebound, and a complete breakdown of trust, which is triggering a strong shift in the foundations of the global financial system. At the BRICS summit held in Rio de Janeiro, Russian Foreign Minister Sergey Lavrov explicitly pointed out that Washington must acknowledge the declining global confidence in the dollar and emphasized that former US President Joe Biden and his administration have been "undermining the position of the dollar for years."

After Musk proposed the establishment of the "American Party," TSL's stock price fell nearly 7%, resulting in a loss of about $15 billion in net assets. Investors are concerned that the conflict with Trump will affect federal subsidies, leading to a negative market sentiment. TSL has cumulatively fallen 31% since the beginning of this year.

Today (8), in the Asian early session, the official meme coin of U.S. President Trump, TRUMP, fell to 8.52 USD. Slightly above the support level of 8.43 USD. The token was launched a few days before Trump's inauguration in January, showing signs of broad consolidation before breaking through the resistance level of 10.00 USD.

U.S. President Trump's trade policy has once again become a global focus. He announced plans to impose higher tariffs of 25%-40% on major trading partners and signed an executive order delaying the implementation of the new tariffs until August 1. This move, particularly the issuance of tariff letters to 14 countries including Japan, South Korea, and Thailand, marks a further escalation of trade tensions. Although Trump hinted at the possibility of additional negotiations and possible delays, these "ultimatum" letters undoubtedly place tremendous pressure on global trading partners.

On July 8, Jin10 reported that on July 7, local time, U.S. President Trump expressed during a dinner with Israeli Prime Minister Netanyahu at the White House that he believes Hamas and Israel wish to achieve a ceasefire in the Gaza Strip. He hopes to reach an agreement on the terms for ending the Gaza conflict in his meeting with Netanyahu. It is reported that U.S. Middle East envoy Wittekov is expected to go to Doha, Qatar as early as the 8th to participate in talks between Israel and Hamas and work towards an agreement. Wittekov stated at the dinner on the 7th that there is a chance to ultimately reach a peace agreement, and he hopes it can be realized soon.

Gate News Bot news, July 8, according to CoinMarketCap data, as of the time of publication, TRUMP (OFFICIAL TRUMP) is currently priced at $8.53, with a 0.93% fall in the last 24 hours, reaching a high of $9.04 and a low of $8.45. The current market capitalization is approximately $1.707 billion, a decrease of about $15.9948 million compared to yesterday. TRUMP Meme is the only official Trump emoji token launched by President Donald J. Trump. It aims to celebrate courage and strength, serving as the ultimate digital collectible for true patriots and Trump supporters. The token is based on the Solana blockchain, with a total supply of 1 billion TRUMP to be gradually released over 3 years. TRUMP Meme represents support for the spirit and ideals of Trump, rather than an investment opportunity or security.

Today (8th) in the Asian early session, Bitcoin (BTC) pulled back from last night's high, currently reported at around 108330 USD, as trade war impacts risk assets. U.S. President Trump signed an executive order, delaying the implementation of tariffs from July to August 1st. Nevertheless, Bloomberg emphasized that Trump’s new deadline "is not 100% certain," allowing more time for negotiations. Trump warned that any trade retaliation would be met with a response from the United States.

Trump expressed his willingness to lift sanctions on Iran at the appropriate time to facilitate its reconstruction and hopes to see Iran develop peacefully. He mentioned that talks with Iran have been arranged, and specific information will be announced on the 8th.

Trump stated that the new tariffs will take effect in the U.S. on August 1, and that a delay might be considered if countries make suggestions. This marks a new phase in the trade war, with an uncertain deadline, reflecting his flexible stance in negotiations.

On July 8, Jin10 reported that Israeli Prime Minister Netanyahu told U.S. President Trump on Monday that he has nominated the latter for the Nobel Peace Prize, and presented the nomination letter to Trump during their meeting at the White House.

Jin10 reported, Trump: More weapons will be provided to Ukraine. We must provide more weapons to Ukraine to help them defend themselves.

Israel is preparing for the possibility of Iran restarting its nuclear program, with senior officials believing that Trump may support a new round of strikes by the Israeli military. Both sides are discussing the "red lines" for future U.S.-Iran nuclear negotiations and military actions, and hinting at the potential for U.S. military support under certain circumstances.

On July 8, Jin10 Data reported that the U.S. Department of Veterans Affairs stated on Monday that the scale of layoffs for this fiscal year will be reduced by two-thirds from the initial target, with the number of layoffs being about 30,000 instead of 80,000. At the beginning of the Trump administration, the agency employed about 480,000 people and is expected to continue employing nearly 450,000 employees in the fiscal year ending in September. According to Trump's plan to reduce the size of the federal government, the agency originally planned to streamline the number of employees to just below 400,000. This proposal has drawn widespread condemnation from veterans' groups and Democrats.

Jin10 data reported on July 8, local time on the 7th, that U.S. President Trump signed an executive order to extend the so-called "reciprocal tariffs" postponement period, delaying the implementation date from July 9 to August 1. Trump announced the imposition of the so-called "reciprocal tariffs" on April 2, triggering a big dump in the U.S. financial markets. Under pressure from longer positions, Trump announced on April 9 to postpone the imposition of high "reciprocal tariffs" on some trade partners for 90 days, but maintained a 10% "Benchmark tariff."

Golden Finance reported that former Federal Reserve Governor Warsh stated: The Federal Reserve's decision to keep the monetary policy interest rate unchanged has frustrated the U.S. President, and I deeply sympathize with that. Interest rates should be lowered to a more appropriate level. Trump's tariffs will not cause inflationary effects.

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.