Musk Officially Announces the American Party's Embrace of Bitcoin, Quick Overview of Hot Events in the Crypto Space
On July 8, 2025, Musk responded to a user's question on the X platform, stating bluntly that “fiat currency is hopeless,” and clearly indicated that his newly established “American Party” will embrace Bitcoin, sparking heated discussions in the market about policy direction.
MEME Hotspot Tracking
1. WLFI Launch Anticipation Rises: Polymarket data shows that the prediction probability for “WLFI's first-day FDV exceeding $13 billion” has reached 56%. It is reported that the project has received strategic round investments from 5 institutions including Tron DAO and DWF Labs, with a financing scale of at least $210 million, and on-chain attention continues to increase.
DeFi Dynamics Focus
1. Binance Adds Observation Labels: BAKE, IDEX, and SLF tokens have been added to the observation list due to compliance review, and investors should pay attention to subsequent liquidity changes.
2. Babylon Announces Bitcoin Staking Roadmap: Plans to launch a multi-staking testnet in Q3 (integrating ETH Rollups and Cosmos), with the mainnet going live in Q4, and advancing liquidity applications in Q1 2026, adding infrastructure innovation to the Bitcoin ecosystem.
3. Terra Network Upgrade Approaches: Binance suspended LUNA deposits and withdrawals on July 8, as the project team will complete the upgrade at block height 16,395,000, requiring attention to the on-chain operation time window.
4. Ripple Promotes $200 Million RWA Tokenization: Brazilian exchange Mercado Bitcoin will issue fixed income and stock-like tokenized assets on the XRPLedger, with further institutional recognition of the RWA track.
5. Jack Dorsey Launches Offline Chat Application: The decentralized tool bitchat is based on Bluetooth Mesh network, supporting encrypted message relay within 300 meters, focusing on censorship resistance and offline communication scenarios, adding a new variable to the Web3 social track.
