Today's News Tips
1. Musk announced the establishment of the "American Party" on social media
2. Analysis: Musk's establishment of the "American Party" may take several years to resolve legal and economic difficulties
3. Next week’s macro outlook: Countdown to Trump’s tariff “final review”
4.Toncoin cooperates with the UAE to provide 10-year golden visas to TON stakers
5. Ethereum Community Fund: Committed to pushing ETH to $10,000, details of follow-up work will be released soon
6. The U.S. Secret Service has recovered $400 million worth of digital assets in the past decade
7. Singapore concluded a $2.2 billion money laundering case and fined nine institutions including UBS and Citigroup about $21.5 million
8. In the past 7 days, NFT transaction volume increased by 10.44% month-on-month to US$136.5 million, of which Polygon network transaction volume increased by more than 50%.
Regulation & Macro
Next week’s macro outlook: Countdown to Trump’s tariff “final review”
The market focus in the past week was mainly on the United States, and various indexes set new record highs almost every day, showing an extremely enthusiastic sentiment. It is worth noting that asset management companies are increasingly bullish on US stocks, and market sentiment may be a bit too excited. This may lead to over-concentration of positions, and once there is bad news, such as the tariff deadline set by Trump on July 9, market volatility may increase. Looking ahead to next week, traders will pay close attention to the minutes of the monetary policy meeting released by the Federal Reserve, the latest statements from the FOMC voting members, and the latest progress of Trump's tariff negotiations. The following are the key points that the market will focus on in the new week:
Tuesday 23:00, US New York Fed 1-year inflation expectations for June;
09:30 on Wednesday, China’s June CPI annual rate;
At 02:00 on Thursday, the Federal Reserve will release the minutes of its monetary policy meeting;
At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending July 5;
At 21:00 on Thursday, 2025 FOMC voting member and St. Louis Fed President Moussalem will deliver a speech on the U.S. economy and monetary policy;
At 02:30 on Friday, Daly, 2027 FOMC voting member and President of the San Francisco Fed, delivered a speech on the outlook for the U.S. economy.
After the release of the non-farm payrolls report that exceeded expectations this week, US data will enter a quiet period next week. According to LSEG data, the market now believes that the probability of the Federal Reserve cutting interest rates in July is only 4%, and it will not be fully priced until October. Investors are looking for the latest clues on the labor market, including the NFIB Small Business Optimism Index, which will be released next Tuesday, and the initial jobless claims data, which will be released next Thursday.
Musk announced the establishment of the "American Party" on social media
According to Xinhua News Agency, American billionaire Elon Musk posted a message on social media on the 5th local time: "Today, the establishment of the 'American Party' gives you back your freedom." Musk made the above statement in response to a post he posted on the 4th. "The support and opposition ratio is 2:1, which shows that if you want a new party, you will have a new party." Musk wrote that the United States is "bankrupted by waste and corruption." Musk launched an online opinion survey on the 4th, the day of the US "Independence Day", asking netizens whether the "American Party" should be established to "liberate" the American people from the two-party system in which the Democratic Party and the Republican Party take turns to take power. As of the 5th when he posted again, a total of more than 1.249 million netizens participated in the vote, with supporters accounting for 65.4% and opponents accounting for 34.6%.
According to US law, the establishment of a political party eligible to participate in elections requires a complex certification process to confirm its qualifications. First, a caucus or congress must be held to elect temporary officials and designate the name of the party. It is not clear whether Musk's "American Party" has started the relevant procedures. Musk supports the current President Trump and the Republican Party in the 2024 US election, but has recently had serious differences with Trump in political views. He has repeatedly claimed that he will establish a new party to challenge the political structure in which the Donkey and the Elephant take turns to be the banker.
Singapore has fined nine financial firms, including UBS and Citigroup, S$27.5 million (US$21.5 million) following an investigation into the country’s biggest money-laundering scandal, which involved assets ranging from luxury real estate to cryptocurrencies.
The Monetary Authority of Singapore (MAS) announced that Credit Suisse's Singapore subsidiary (now a unit of UBS) faced the highest fine of S$5.8 million for lapses in its anti-money laundering (AML) controls. Citigroup's Singapore business was also fined for compliance violations.
Law enforcement has concluded a two-year investigation into a S$3 billion (US$2.2 billion) case that came to light in 2023. Ten ethnic Chinese individuals known as the Fujian Gang were convicted and two former bankers were indicted last year in connection with the case. Authorities seized cash, property, high-end goods and cryptocurrencies related to the case. The companies involved are taking remedial measures and regulators plan to monitor progress closely.
Project News
Sonic: Season 1 $S airdrop claims will be randomly opened between July 15th and 22nd
Sonic said on the X platform that the first season $S airdrop claims will be randomly opened between July 15 and 22.
Toncoin Partners with UAE to Offer 10-Year Golden Visas to TON Stakers
According to the official announcement, Toncoin has partnered with the UAE to start offering 10-year golden visas to TON stakers. The pledged $100,000 TON can be unlocked after 3 years, with an estimated annualized rate of return of 3-4% within 3 years. In addition, a one-time handling fee of $35,000 is required.
Zama founder: ZAMA tokens have not been launched yet, and the ZAMA tokens on Pancake are a scam
Zama founder Rand tweeted that there is no ZAMA token yet. The one on Pancake is a scam, and its FDV has reached 60 million US dollars. Obviously, many people will lose everything. Investors must be careful.
The Ethereum Community Foundation said in a post on the X platform that it has received positive community feedback since its launch, so it will release a series of follow-up work details in the coming weeks, including: complete funding details, the first batch of work initiatives, core team and contribution value information, and disclosure of how to apply or make contributions. The Ethereum Community Foundation added that the organization is not a think tank, but a "battle fund" dedicated to pushing ETH to $10,000.
Viewpoint
According to a news release from the Hong Kong Special Administrative Region, Hong Kong Financial Services and the Treasury Bureau Secretary Paul Chan said in his speech at the Hong Kong Digital Finance Awards 2025 ceremony that the licensing system for stablecoin issuers will help promote the development of real application scenarios and solve the pain points faced by the real economy. Proper requirements have been set for reserve asset management, stabilization mechanisms, redemption processes and prudent risk management. For example, reserve assets must not be lower than the value at which they can be redeemed at any time. At the same time, reserve assets can only be placed in high-quality, highly liquid assets. Market participants are welcome to put forward suggestions to see how the government can take the lead in testing and using licensed stablecoins.
Nick Tomaino, founder of 1confirmation, posted on the X platform that he will fully support ETH, because without Ethereum, the crypto industry cannot continue to develop, and the innovative values of trusted neutrality, open source, and permissionless must be spread. Today, the crypto industry focuses on VC chains and corporate crypto treasuries. Although this trend has little to do with Ethereum's values, it does not mean it is bad. It may be a good thing for companies to establish ETH treasuries. As Hal Finney, a crypto pioneer, said 33 years ago: "Computers should be used as tools to liberate and protect humans, not tools to control humans."
According to CCTV News, can the American Party really challenge the American two-party system? Analysts believe that it is not easy to create a third party that can challenge the American "two-party system" and it may take years to resolve legal and economic difficulties.
A senior election lawyer said that the US states have different eligibility criteria for new political parties that want to run in elections. Take California as an example. If a new party wants to appear on the state's ballot, it must attract and maintain at least 0.33% of the state's voters as party members, or collect signatures from 1.1 million voters. In order to gain national recognition, the new party also needs to be recognized by the Federal Election Commission, which will almost certainly be strongly opposed by the Democratic and Republican parties. In addition to time and legal issues, the preparation of campaign funds is also a major problem. Lee Goodman, former chairman of the US Federal Election Commission, said Musk may need thousands of donors to jointly fund his party.
In fact, in addition to the two major parties, the Democratic Party and the Republican Party, the United States also has political parties including the Green Party and the Libertarian Party, but the latter two cannot shake the status of the two major parties at all.
Important data
The U.S. Secret Service has recovered $400 million worth of digital assets in the past decade
According to The Block, citing Bloomberg, the U.S. Secret Service (TSA)'s Global Investigative Operations Center (GIOC) seized $225 million worth of cryptocurrencies last month following a large-scale investigation involving the Federal Bureau of Investigation (FBI) and the U.S. Attorney's Office. Over the past decade, the U.S. Secret Service's Global Investigative Operations Center team has recovered $400 million worth of digital assets from criminals in the past decade. Most of the recovered funds (a total of approximately $400 million) "are stored in a cold wallet." In addition to seizing these cryptocurrencies, GIOC also held a week-long free training course in more than 60 countries to teach local law enforcement officials how to identify and prevent cryptocurrency-based scams and crimes.
According to on-chain analyst Ember’s monitoring, the 1inch team investment fund spent 1.757 million USDC to purchase 9.652 million 1INCH at a price of $0.18 5 hours ago. Since February, the team has spent a total of 4.001 million USDC to purchase 19.85 million 1INCH at an average price of $0.2.
The team spent 5.5 million U to buy 22.45 million 1INCH at an average price of $0.245 from July to September last year, and then sold 15.698 million of them at an average price of $0.533 at the end of last year, making a profit of $4.52 million.
CryptoSlam data shows that the NFT market transaction volume increased by 10.44% month-on-month to $136.5 million in the past week. Market participation indicators remained stable, with the number of NFT buyers remaining unchanged at 1,061,348 (maintaining a growth rate of 50.56%) and the number of NFT sellers increasing by 8.09% to 38,494. However, the number of NFT transactions fell by 19.72% to 1,357,295.
The transaction volume of Immutable network reached 43.9 million US dollars, an increase of 30.27% over the previous week. The transaction volume of Polygon network reached 25 million US dollars, an increase of 51.53%. The transaction volume of Ethereum network was 22.5 million US dollars, a decrease of 8.63%.
This week's top deals include:
- CryptoPunks #1831 sold for 150 ETH ($389,846)
- CryptoPunks #9778 sold for 150 ETH ($377,958)
- CryptoPunks #4868 sold for 76.5 ETH ($201,933)
- CryptoPunks #5586 sold for 70.07 ETH ($185,292)
- CryptoPunks #7516 sold for 60 ETH ($158,378)
According to @ai_9684xtpa, the whale that had built a position of 4,026.47 ETH since June 10th withdrew another 3,000 ETH from Binance half an hour ago, worth $7.55 million. Currently, the total amount of ETH it has accumulated has reached 7,001 ETH, about $17.946 million, with an average withdrawal price of $2,563.45 and a floating loss of $346,000.
