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Foresight News reports that Bitget has launched the 7th round of the VIP "10 Million Club" contract event. The event snapshot rule is "achieve requirements during the natural month + end-of-month status confirmation." Based on account data as of July 31, the platform will reward users with different tiers of Luk Fook Jewellery pure gold gift boxes according to their contract trading volume or newly added asset volume from July 1 to July 31. The rewards include: 1.2g Tiger Eye Pi Xiu bracelet, 3g "Success Upon Arrival" gold banknote, 6g Wushi Plaque, 20g Eight Treasures Compass, and other premium gifts. Previously, Bitget announced an upgrade to its contract VIP service system and launched the "10 Million Club" program, allowing eligible users to receive custom high-end physical gift boxes from the platform on a monthly basis. Past gifts provided to users include Moutai, Hermès, Apple gift boxes, and smart home products. Specific benefits are subject to the details announced for each month.

Golden Ten Data Futures, July 1 – According to SMM data, China’s national silver ingot production in June was 1,562 tons, a month-on-month decrease of 6.5%. The cumulative production in the first half of the year was 9,773 tons, up 6.9% year-on-year. The decline in output was mainly due to maintenance at copper smelters and suspended production at some manufacturers. Production is expected to recover somewhat in July and August.

Jinse Finance reported that on July 1, CryptoQuant founder and CEO Ki Young Ju posted on X that Bitcoin is very likely to experience another parabolic bull cycle. Admittedly, capital efficiency is gradually declining. In 2011, a net inflow of only $2.7 billion pushed the price up by 55,436%. In this cycle, an inflow of $697 billion resulted in only a 689% increase. For the next parabolic bull market, it is highly probable that institutions will need to increase their allocation. Bitcoin needs to become a core macro asset instead of being solely an ETF target traded mainly by retail investors. This transformation is still in its early stages, and the logic remains intact. If Bitcoin is able to absorb an additional realized market cap exceeding $1 trillion, a new surge is still possible. Currently, the total market value of gold is $27 trillion.