On July 11, PANews reported that Arthur Hayes, co-founder of BitMEX, expressed on Twitter that he was previously somewhat pessimistic about the market due to the U.S. government's 'saving money' (TGA fund replenishment) issues, but the situation has now changed. Bitcoin has broken its historical high, and trading volume is also very strong; Ethereum is following closely and may perform even better. He believes the market is about to welcome a wave of 'altcoin season'. In addition, he mentioned that the market expects Trump may adjust tariff policies, which has boosted investor confidence.