Bitget Daily Digest (7.7)｜Trump Calls Musk’s New Party “Utterly Ridiculous,” Major $NEON Unlock Today, $TON Golden Visa May Be Fake News

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远山洞见2025/07/07 02:50

By:远山洞见

Today’s Preview

U.S. June Global Supply Chain Pressure Index to be released today (previous: 0.19)
Neon (NEON) will unlock about 53.91 million tokens today, accounting for 22.51% of circulating supply

Macro & Hot Topics

Trump slams Musk’s party launch as “utterly ridiculous.” On July 7, President Trump said Elon Musk’s move to start a new U.S. political party is absurd and will only add chaos. “I think starting a third party is ridiculous… it’ll just add to the chaos. He can have his fun, but I think it’s ridiculous,” Trump told reporters before boarding Air Force One in New Jersey. On social media, Trump said Musk has been “off the rails” for the past five weeks—like a train wreck. He added that it’s inappropriate for a close friend of Musk’s to run NASA, as Musk is deeply involved in the space industry and NASA is crucial to his business.
U.S. Commerce Secretary: Tariffs to take effect August 1, Trump setting rates and deals. Trump said he’s reached some trade agreements and will send letters to other countries notifying them of tariff hikes. Commerce Secretary Lutnick told reporters that steeper tariffs will take effect August 1, with Trump “currently setting the rates and deals.” In April, Trump announced a 10% baseline tariff on most countries, plus up to 50% on some, and later pushed most effective dates to July 9 (except the 10% rate). Lutnick’s comments imply a three-week “grace period.” Treasury Secretary Besant echoed that August 1 is the date for countries without deals but denied it’s a hard deadline.
UAE: Golden Visa eligibility does not include crypto investors. UAE authorities denied claims circulating online that the country is offering golden visas to crypto investors. Official criteria cover property investors and top talent, but not crypto. The SCA reiterated that digital assets are regulated separately. Previously, TON Foundation CEO Max Crown claimed on X that “TON stakers can get a 10-year UAE golden visa—DM me.” This appears to be false.
Singapore fines UBS, Citi and 7 other firms $21.5m over $2.2 billion laundering case. Nine financial firms, including UBS and Citigroup, were fined a total of 27.5 million SGD for lapses in anti-money laundering controls, covering assets from luxury property to crypto. Credit Suisse’s local arm (now UBS) faces the largest fine: 5.8 million SGD. Regulators seized cash, property, luxury goods, and crypto tied to the case.

Market Updates

1. BTC resumed its climb towards 110,000, with $173M in short liquidations over the past 24h;

2. Trump’s latest tariff threats fueled risk asset selling—gold opened slightly higher in Asia, U.S. equity futures dipped, WTI oil fell as much as 1.8%;

Bitget Daily Digest (7.7)｜Trump Calls Musk’s New Party “Utterly Ridiculous,” Major $NEON Unlock Today, $TON Golden Visa May Be Fake News image 1

3. Bitget BTC/USDT liquidation map: At 109,148 USDT, a 2,000-point drop to 107,148 triggers $300M+ in long liquidations; a rise to 110,148 triggers nearly $296M in short liquidations. Both sides are roughly balanced; leverage should be managed carefully to avoid mass liquidations as volatility rises.

Bitget Daily Digest (7.7)｜Trump Calls Musk’s New Party “Utterly Ridiculous,” Major $NEON Unlock Today, $TON Golden Visa May Be Fake News image 2

4. In the past 24h, BTC spot inflows totaled $794M, outflows $900M—a net outflow of $6M.

Bitget Daily Digest (7.7)｜Trump Calls Musk’s New Party “Utterly Ridiculous,” Major $NEON Unlock Today, $TON Golden Visa May Be Fake News image 3

5. PEPE, TON, $LTC, $SAHARA, $FARTCOIN contracts led net outflows, hinting at potential trading opportunities.

Bitget Daily Digest (7.7)｜Trump Calls Musk’s New Party “Utterly Ridiculous,” Major $NEON Unlock Today, $TON Golden Visa May Be Fake News image 4

Institutional Views

Grayscale: Ethereum poised to benefit from U.S. crypto-fri endly policies

Original: https://x.com/Grayscale/status/1941497380815487189

1confirmat ion: Fully supports ETH—companies adding ETH to treas uries is positive

Original: https://x.com/NTmoney/status/1941466202179793096

10x Research: Overhang from OG wallets is a key reason for BTC’s lackluster growth over past six months

Original: https://x.com/10x_Research/status/1941311286157152619

News Updates

U.S. House Ways and Means Committee to discuss crypto tax reform in a hearing on Wednesday
UAE clarifies: Crypto investors are not eligible for golden visas
Sweden’s justice minister urges stricter seizure of “crime-related” crypto assets; lawmakers push for adding bitcoin reserves
Turkey bans PancakeSwap and 46 other crypto platforms
U.S. Treasury Secretary: 100+ smaller countries will face a fixed tariff rate

Project Developments

TON Foundation CEO: TON stakers getting 10-year UAE golden visas is true
Ethereum Community Foundation: Committed to boosting ETH to $10,000 and will release further work details soon
Sonic: Season 1 $S airdrop claims to open July 15–22
Michael Saylor posted another Bitcoin Tracker update, may disclose new buys this week
Top 5 blockchains by weekly active addresses: Solana (23.45M), BNB Chain (10.6M), Base (8.71M), Tron (6.13M), Aptos (4.02M)
Boom Foundation: BOOM token airdrop snapshot has been completed
Vitalik co-authored EIP-7983 proposal to cap ETH gas per transaction
STIX OTC founder: Over a dozen WLFI sellers expressed interest, but buyers are scarce
Mercado Bitcoin to tokenize $200M in RWAs on XRP Ledger
NFT trading volume rose 10.44% week-on-week to $136.5M, with Polygon up over 50%

X Highlights

1. Unipcs: BonkFun overtakes Pumpfun! Launchpad landscape reshuffled

BonkFun has overtaken Pumpfun as the world’s biggest launchpad, with a market share above 51%; Pumpfun drops below 40%. Launched in Jan 2024, Pumpfun once dominated with $800M+ in revenue, but BonkFun closed the gap in just two months. Importantly, 58% of BonkFun fees are used to buy and burn $BONK, providing strong on-chain demand and price support. With the “Launchpad war” settled, users and the market have chosen the next-gen Solana-linked, creator-friendly launchpad.

Original: https://x.com/theunipcs/status/1941967307393073335

2. Haotian: Six long-term strategies for surviving a crypto bear market

Top players have clear long-term strategies: 1) Use stablecoin income for living expenses, avoid high-risk bets; 2) Focus on geo-arbitrage and low-cost living, moving to more efficient environments; 3) Leverage digital nomad communities for networking and industry insights; 4) Invest in international skills (like English) to break info barriers; 5) Invest in self and health to prepare for next cycle; 6) Focus on cash flow and risk control, avoid all-in gambles. Bottom line: bear-market survival is about asset safety, skill growth, and quality of life.

Original: https://x.com/tmel0211/status/1941476252780724558

3. Phyrex: BTC’s “80k sell wall” never materialized—exchange balances are the core bull-bear indicator

The much-hyped 80,000 BTC sell wall didn’t crash the market; in fact, exchange BTC balances are now at near five-year lows. Since Nov 2024, BTC has kept leaving exchanges, regardless of price swings—investors show no urge to exit. Right now, systemic risk is all that matters; shorting offers limited returns. Exchange inventories and support metrics are the market’s key weather vanes for mid- to long-term trends.

Original: https://x.com/Phyrex_Ni/status/1941911176876863977

4. Yueya.eth: Celestia’s “overvalued + fast unlock” curse—VC projects & community split

Celestia’s plunge from $20 to $1 is classic for “strong VC, high FDV, airdrop farming, quick unlock” models—look at ARB, OP, APT. Airdrops fuel liquidity, but VCs dump and exploit high valuations, trapping retail while they’re locked. Celestia’s tech is truly innovative—modular DA far beyond vaporware—but this model isn’t for small investors. As big-cap exchange tokens lose steam, the hottest action is in community-driven tokens like Bonk, where you want to play, not just speculate. The gap between VCs and real communities is wider than ever.

Original: https://x.com/yueya_eth/status/1941897779879813482

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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