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BNB falls below 660 USDT with a decrease of 0.23% in 24 hours On July 8, 2025, at 01:33 AM (UTC). According to data from the Binance market, BNB has fallen below 660 USDT and is now trading at 659.98999 USDT, with a decrease of 0.23% in 24 hours.
The CEO of Ripple will testify at a U.S. Senate hearing on digital asset markets. AI Summary According to PANews, Ripple CEO Brad Garlinghouse is scheduled to testify at a hearing of the U.S. Senate Banking Committee on July 9, Wednesday. The hearing, titled 'From Wall Street to Web3: Building the Future Digital Asset Markets', will be streamed live online. This hearing is a significant step in the legislative process driven by the Senate Subcommittee on Digital Assets, focusing on the GENIUS Stablecoin Act and the CLARITY Market Structure Act. The aim is to clarify the regulatory roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Garlinghouse emphasized on social media the importance of the U.S. establishing constructive legislation regarding the structure of the cryptocurrency market. He pointed out that such legislation is crucial to pave the way for a new era of innovation and financial opportunities while ensuring consumer protection.
The movements in the price of Bitcoin could trigger significant liquidation events. AI Summary According to BlockBeats, Coinglass data indicates that if Bitcoin surpasses $110,000, the cumulative liquidation intensity of short positions on major centralized exchanges (CEX) will reach $996 million. Conversely, if Bitcoin falls below $106,000, the cumulative liquidation intensity of long positions on these exchanges will rise to $1.309 billion. BlockBeats notes that the liquidation chart does not accurately depict the number of contracts pending liquidation or the exact value of liquidated contracts. Instead, the bars on the chart represent the relative importance of each liquidation group compared to nearby groups, indicating intensity. Therefore, the chart illustrates how much the target price, upon reaching a certain level, will be affected. A higher "liquidation bar" suggests that once the price is reached, there will be a stronger reaction due to waves of liquidity.
The German company Nakiki SE will adopt Bitcoin as its sole treasury asset AI Summary According to PANews, the publicly traded German company Nakiki SE (ISIN: DE000WNDL300) has announced plans to fully adopt Bitcoin as its only treasury reserve asset. The company aims to become the first publicly traded firm in Germany to emulate MicroStrategy's business model. Nakiki SE intends to propose a name change and amend its corporate charter at the shareholders' meeting scheduled for the second half of 2025. Currently, the company is in talks with investors to raise funds through a stock issuance to facilitate its Bitcoin allocation.
Global liquidations reach $169 million in 24 hours According to BlockBeats, Coinglass data reveals that total liquidations in the market amounted to $169 million in the last 24 hours. Of this, long positions accounted for $123 million, while short positions saw liquidations totaling $45.93 million.
Currently, BTC is operating within an upward trend channel. The upward trend line support at $107,100 is performing well in the short term. If this support continues to hold, the price is expected to challenge the upper resistance of $11,000 again.
From a broader perspective, as long as the structural support at $106,130 is not effectively broken, the market is likely to maintain high-level fluctuations within the range of $11,850 – $106,130.
Key Technical Position Summary: • **Trend Support:** $107,100 (short-term structural support) • **Defensive Bottom Line:** $106,130 (breaking it would weaken the structure) **Upper Resistance:** $11,000 (short-term pressure), $11,850 (upper boundary of the high-level range)
⏳ Operation Suggestions and Market Outlook:
Today is the weekend, and market trading sentiment is relatively calm, with overall volatility being limited. It is recommended to remain on the sidelines and closely monitor the market continuation after Monday's opening, adjusting strategies based on the gains and losses at key levels.
Before the fluctuation structure is broken, the short-term strategy should focus on buying low and selling high, with strict stop-loss settings below key support levels.
📊 Market Data Brief:
• Past 24 hours total liquidations: $65.139 million • Total open contracts: $145.88 billion • Total trading volume: $87.47 billion
🧨 Cherish life, stay away from heavy contract positions!
📰Today's Top 8 Crypto Events:
1️⃣Musk: Establishing the "American Party" today 2️⃣Approximately 7,586.46 BTC flowed out of CEX platforms in the past 7 days 3️⃣In June, Solana achieved $146 million in revenue from dApps 4️⃣Indian authorities arrested a darknet drug trafficking group leader laundering money using Monero 5️⃣In the last 24 hours, LetsBonk.fun launched tokens more than Pump.fun for the first time 6️⃣Singapore concluded a $215 million fine in a $2.2 billion money laundering case involving crypto, cash, and real estate 7️⃣Sonic: The first season airdrop claims will be open from July 15 to 22 8️⃣The World Bank has lowered the global GDP growth forecast for 2025 to 2.3%, the lowest level in 5 years
• Current Price: $108,650 (24h slight increase of 0.46%)
• Key Levels: Support at 108,000, Resistance at 109,000-110,000, if stable or break through to 110,000
• Trend: Tug-of-war between bulls and bears, if support holds, consider light long positions; if it falls below 107,500, there is a risk of significant correction
(Note: Market volatility is high, always set stop-losses!)🔥#马斯克计划成立美国党
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🚀【Musk Wants to Stir Up American Politics, Bitcoin Aims to Shake Global Finance?】
Musk announced the establishment of the "American Party", saying he wants to "give you back your freedom". This news has gone viral globally, reminding me of a saying:
"Power belongs to the government, wealth belongs to the banks, freedom belongs to Bitcoin."
📈 Why do I say this? • Musk's establishment of the "American Party" is essentially a challenge to the two-party monopoly, calling for more people to join a "third option". • And Bitcoin, since its inception, has been the "third option" in the financial system.
When the dollar is being printed infinitely and diluted, and when banks close their doors and restrict withdrawals, only Bitcoin is the true asset that belongs to you.
🔑 The Invisible Connection Between Musk and Bitcoin Don't forget, Musk's Tesla once bought $1.5 billion in BTC, and SpaceX quietly holds Bitcoin on its balance sheet. He establishes the "American Party" shouting freedom; will he also push Bitcoin to become a political weapon in the future? It is worth pondering.
📊 The Market is Sending Signals • ETF giants continue to increase their positions, Bitcoin's on-chain activity is soaring • The dollar index is weakening, and global funds are seeking safe havens • Historically, every time there is political uncertainty in the U.S., gold and BTC tend to benefit
📌 Here’s the question: If Musk aims to challenge the dollar's hegemony, could Bitcoin be the "trump card" in his hand?
💬 Let's discuss in the comments: 👉 Do you think Musk will make another large-scale purchase of BTC? 👉 In the next bull market, will you be a bystander or a participant?