GM20250701

1) Market Trends

BTC fluctuates, altcoins rise broadly. MicroStrategy bought about 5,000 BTC last week.

US stocks hit new highs, gold surged, and the dollar fell to a three-year low.

2) Market Highlights:

1. US stock trading platform Robinhood launched tokens for unlisted companies like OpenAI and SpaceX, and introduced its own Layer 2 solution for US stocks on Arbitrum. Xstocks also partnered with Kraken and Bybit to bring US stocks on-chain based on Solana.

2. Platform token HFT surged; HFT is a decentralized exchange that has expanded its business to the Solana blockchain. Short-selling rate is -0.9%.

3. Meme tokens TAP and AP surged. Elon Musk stated that if the Great Beautiful Act is passed, he will establish the American Party the next day.