GM July 11, 2025
I. Market Trends
BTC continues to hit new highs, with a BTC contract long-short ratio of 0.5. Altcoins are surging, with the market focusing on the ETH sector.
U.S. stocks are strongly volatile, with market expectations for two interest rate cuts this year.
II. Market Highlights:
1. Major public chains like ETH and SUI are rising sharply. The ETH/BTC exchange rate is strengthening, and institutional funds flowing into ETH have started to exceed those into BTC, with ETH contract trading volume surpassing BTC.
2. Small coins like HYPER and M are also rising to new highs. HYPER is up on South Korea's Upbit, with a shorting fee of -2%.
3. Meme tokens like PENGUIN, PNUT, and BANANA are increasing. PENGUIN previously submitted a U.S. stock ETF and is heavily controlled by strong holders. PNUT has been brought up again by Musk. BANANA has reached a new high.
4. PUMP has launched pre-market contract trading, currently valued at $5 billion, with many large holders preemptively shorting for hedging.
5. The stablecoin public chain PLASMA will start its public sale on July 17, with deposits and withdrawals locked on July 14. PLASMA is a BTC side chain invested in by the parent company of USDT, primarily used for free small transfers to consumers, aiming to capture market share from TRX.
