Guide:
1. Pay attention to important data next Tuesday, Tuesday 20:30, US June CPI data.
2. The White House advisory team is intensifying pressure on Federal Reserve Chairman Powell, accusing the central bank head of either perjuring himself before Congress regarding headquarters renovation issues or gross mismanagement.
3. Chuanzi announced over the weekend that starting from August 1, a uniform tariff of 30% will be imposed on the EU and Mexico.
4. The EU quickly softens its stance and will extend the suspension period for the countermeasures against US tariffs until early August (the EU exports over $600 billion to the US, and the US exports over $900 billion to the EU).
5. Over the weekend, BTC continued to reach new highs, and its market cap percentage continued to fall to 64.5%.
6. Pump may open tonight.
I. Macro Market
(I) Traditional Market
Important data next week: Tuesday 20:30, US June CPI data, July New York Fed manufacturing index;
(II) Policy Trends
1. Federal Reserve
The White House advisory team is intensifying pressure on Federal Reserve Chairman Powell, accusing the central bank head of either perjuring himself before Congress regarding headquarters renovation issues or gross mismanagement. This opens a potential legal path for Powell's removal, against the backdrop of sustained pressure from the White House to lower interest rates.
The letter from government budget director Russell Vought officially escalates this confrontation. The letter suggests that Powell either made false statements to Congress regarding the $2.5 billion renovation project for three office buildings next to the Washington National Mall, or violated capital building permit regulations.
2. Other policy-related content: such as tariffs.
(1) Chuanzi announced over the weekend that starting from August 1, a uniform tariff of 30% will be imposed on the EU and Mexico. Trump has recently intensified trade measures, promising to impose more tariffs on all countries from Canada to Brazil to Algeria, and has invited trade partners for further negotiations.
(2) The EU softens: will extend the suspension period for countermeasures against US tariffs until early August.
II. Market Review
1. Market Data:
Over the weekend, BTC continued to reach new highs, and its market cap percentage continued to fall to 64.5%.
2. Stablecoin Data: From July 12 to 14, stablecoin inflows amounted to 630 million, with USDT inflow at 440 million, and USDC inflow at 190 million.
3. Institutional Dynamics
SharpLink Gaming increased its holdings by 16,374 ETH (approximately $48.85 million) 7 hours ago, bringing the total ETH holdings to 270,000.
III. Industry Hotspots
1. Hot Events: OKX briefly changed its Twitter profile picture to a small penguin, and pengu surged 23.4 points in 24 hours.
Twitter is buzzing about the possibility of pengu being the first approved meme ETF.
IV. Alpha
(I) Related to pumpfun
1. The tokens from the exchange have been credited.
(1) On-chain addresses currently hold: Kraken: 7.5 billion, Bitget: 7.5 billion, Gate: 6.4 billion, Bybit: 5 billion, MEXC: 5 billion, Kucoin: 4.1 billion. PUMP is expected to open tonight or tomorrow.
(2) Public offering situation of various exchanges
Complete analysis: https://x.com/yuyue_chris/status/1944394034333745192
(3) Public offering situation of tokens on-chain
The number of wallet addresses that participated in the Pump.fun official pre-sale and completed KYC is 23,959, the number of wallet addresses that successfully purchased is 10,145, with an average subscription amount of $44,209. 89.7% of PUMP token pre-sale was completed through the official website, while the total amount sold on various CEXs accounted for only 10.3%.
The number of addresses with a subscription amount reaching $1 million during the pre-sale on the official website is 202, those between $500,000 and $1 million is 138, between $100,000 and $500,000 is 445, and between $10,000 and $100,000 is 1,030. Users with subscription amounts below $1,000 are the most, totaling 5,758.
(4) Potential opportunities for token issuance
Before token issuance, short position.
Token issuance in progress, doing LP on-chain.
(II) Others
1. In response to community KOL @hebi555's information regarding 'the token issuance time may take a long time, everyone should be prepared for a protracted battle', Backpack CEO Armani Ferrante posted a reply stating, 'This is an exaggeration. Our progress is very fast, faster than you think.'
Previously, Armani Ferrante stated, 'I cannot give a definite answer. Based on other successful points programs, it could be up to a year (we have 10 weeks each season). We will flexibly adjust based on regulatory progress. It could be shorter, or maybe a little longer, but I don't expect it to exceed a year. However, I don't want to make any guarantees because these processes are both lengthy and complex, involving many different stakeholders.'
