Let's talk about today's highlights:

1. Trump vs. Musk: Trump threatens to have DOGE investigate Musk and the subsidies his company has received. Musk responded: cut everything, right now; Trump also stated he doesn't want to own electric cars because they might explode, and threatened to 'consider expelling' Musk.

2. xStocksFi has been very popular these days; this is a platform for stock tokenization, unlike Rbinhood, xstock's stocks can be freely circulated and traded on the platform without any restrictions. It's recommended that everyone research and pay attention to it;

3. Kaito's Launchpad platform is estimated to be launching soon; the TGE for SuccinctLabs and MitosisOrg is also expected soon; the consistently top-ranking anoma testnet, etc. can all be followed closely;

4. The labeling tool on X, a must-have for meme lovers: Frontrun, after installing the plugin, you can go to TEL to get the CODE. So far, the experience has been very smooth;

5. Hong Kong-listed company Navigator Pharmaceuticals announced plans to acquire all equity of the blockchain project Conflux #cfx to expand its layout in the blockchain field. After the news was released, the stock price surged, once rising nearly 240% during trading;

6. Cryptoslate: In the first half of 2025, public companies purchased a total of 245,510 bitcoins, more than double the amount purchased by ETFs (118,424 BTC) during the same period;

7. Last night, Bitcoin ETFs saw a net outflow of 340 million USD, while ETH ETFs had a net outflow of 14M. This is the first large-scale net outflow recently, and the market may be concerned about uncertainty in upcoming tariffs.

8. The US stock XRP reserve company Webus saw its intraday increase expand to 87.44%; the TAO reserve company Oblong (OBLG) saw its intraday increase exceed 10%; BMNR's intraday increase expanded to 120%, with a trading volume of 1.738 billion USD;

9. On-chain memes and CEX altcoins have not had much to discuss these days, continuing to weaken with the overall market; #美股代币化 #特朗普马斯克分歧