Daily Market Update (July 6, 2025, 20:40)
ChainDD's market data on July 6 shows the combined DD index and CoinMarketCap quotes:
BTC is priced at $108,129.09, with a 24-hour increase of about 0.10%;
ETH is priced at $108,129.09, with a 24-hour increase of about 0.14%;
BNB is priced at $656.34, with a 24-hour increase of about 0.24%;
DOGE is priced at $0.1656, with a 24-hour increase of about 1.22%;
SOL is priced at $148.38, with a 24-hour increase of about 1.30%.
Crypto Market Dynamics
After announcing the establishment of the 'American Party,' Musk posted again: When and where will the first congress be held?
As the 'war of words' between U.S. President Trump and American entrepreneur Elon Musk escalates, Musk announced the establishment of the 'American Party' on the 5th, drawing attention.
According to reports from RIA Novosti and other media, Musk posted on social media platform X on the 6th, stating, 'When and where should we hold the first congress of the American Party? It will be very interesting!' Additionally, a source told the New York Times on the 5th that Musk had recently discussed his plans to establish a new political party with friends. According to U.S. law, the formation of a political party eligible to participate in elections requires a complex certification process, starting with a party meeting or congress to elect interim officials. It is unclear whether Musk's 'American Party' has initiated the relevant procedures. Musk supports current President Trump and the Republican Party in the 2024 U.S. presidential election but has recently had serious disagreements with Trump. On the 5th of this month, Musk announced the establishment of the 'American Party' on social media.
Vitalik co-initiated the EIP-7983 proposal, aiming to enhance the network's resistance to DoS attacks.
Ethereum co-founder Vitalik Buterin and Toni Wahrstätter jointly proposed the EIP-7983 proposal, suggesting that the gas limit for a single Ethereum transaction be set at 16.77 million (unrelated to the block gas limit). This aims to enhance the network's resistance to DoS attacks, alleviate issues of uneven load, state bloat, and block validation delays caused by high gas transactions, while optimizing zkVM compatibility and parallel execution efficiency. This proposal is currently in the draft stage.
Paul Chan: The assets anchored by listed ETPs in Hong Kong include digital assets, as well as products tracking U.S. stocks like Coinbase.
Hong Kong's Financial Secretary Paul Chan published a secretary's essay (Exploring New Markets and Developing New Areas to Promote Growth), in which he pointed out that the market generally holds an optimistic view of the performance of Hong Kong stocks and the new stock market in the second half of the year. Exchange Traded Products (ETPs) linked to different types of assets have become a driving force for supporting the liquidity of Hong Kong stocks in recent years. Currently, there are over 210 ETP products listed in Hong Kong, anchored to assets including stocks, fixed income products, commodities, currencies, and digital assets. In March of this year, Hong Kong welcomed the first batch of leveraged and inverse products in Asia, including those tracking popular US stocks like Nvidia, Tesla, Coinbase, and MicroStrategy. Their structure focuses on the changes in leveraged daily performance, enriching the market ecosystem and providing more short-term trading and hedging tools.
This week, a total of 54 entities announced related to Bitcoin treasury, collectively purchasing 8,434 Bitcoins.
According to NLNico statistics, from June 30 to July 4, a total of 54 entities announced Bitcoin treasury announcements, collectively purchasing 8,434 Bitcoins. This includes:
4 new treasury announcements, with design application giant Figma holding nearly $70 million in Bitcoin ETF, approved to additionally purchase $30 million in Bitcoin;
12 companies have future treasury announcements, including 2 gold-related companies;
18 companies added Bitcoin, totaling 7,591 BTC;
14 companies plan to purchase more Bitcoin, having raised hundreds of millions of dollars;
There are also 6 additional financial-related disclosures.
