Bitget Daily Digest (7.8)｜Trump Delays Tariff Deadline to August 1, Russia Launches Nationwide Mining Equipment Registry, Letsbonk Overtakes Pump on Multiple Fronts

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远山洞见2025/07/08 02:58

By:远山洞见

Today’s Preview

U.S. June NFIB Small Business Optimism Index to be released today (previous: 98.8)
U.S. June New York Fed 1-Year Inflation Expectations to be released today (previous: 3.20%)
U.S. asset manager Calamos to launch three Bitcoin principal-protected ETFs today
ThunderCore’s planned WLFI token airdrop: last day for Thunder Time point accumulation

Macro & Hot Topics

Trump delays tariff deadline to August 1; Japan, South Korea face at least 25% tariffs. On July 8, President Trump signed an executive order pushing the effective date and negotiation deadline for reciprocal tariffs from July 9 to August 1. He sent the first batch of tariff letters to 14 countries: Japan and South Korea face an additional 25% tariff from August 1, while Malaysia, Kazakhstan, and Tunisia face 25%, South Africa 30%, Laos and Myanmar 40%, Indonesia 32%, Bangladesh 35%, Thailand and Cambodia 36%, Bosnia 30%, and Serbia 35%. Politico also reports the U.S. is proposing EU tariffs at 10% with restrictive clauses.
U.S. SEC urges issuers to revise and resubmit spot Solana ETF applications by end of July. According to CoinDesk, the SEC is pushing ETF issuers to update and resubmit spot SOL ETF filings by the end of July, indicating a faster-than-expected approval timeline. The REX-Osprey SOL and Staking ETFs have already secured automatic approval and began trading last week under different regulations, meaning spot SOL ETFs will soon join Bitcoin and Ethereum as approved spot crypto funds in the U.S., while XRP, DOGE and LTC ETFs remain pending.
Strategy announces $4.2B STRD preferred share sale, proceeds to buy Bitcoin. On July 7, Strategy (Nasdaq: MSTR/STRK/STRF/STRD) announced a sales agreement to issue up to $4.2B in 10% Series A perpetual Stride Preferred Stock. The company will gradually sell the shares based on market conditions. As the world’s largest BTC holding company, Strategy plans to use most proceeds to buy Bitcoin, meet operating needs, and pay dividends on existing preferreds. The new shares will be sold via "at-the-market" offerings under U.S. securities law, with the prospectus filed July 7 with the SEC.
FTX creditor rep: Chinese investors hold $380M in claims, 82% of restricted jurisdictions. FTX creditor rep Sunil posted an update on X that restricted-jurisdiction claims total $470M, with Chinese investors holding $380M, or 82%. Uncompleted-KYC claims (Bahamas) stand at $290M; disputed claims total $660M; unresolved claims are $1.4B; and the final allowed claims are expected to reach $11B.

Market Updates

1. BTC traded in a narrow range, rebounding after touching 107,000; $163M in 24h liquidations, mostly longs;

2. Trump’s tariff plans sparked U.S. equity and bond selling; S&P and Nasdaq fell nearly 1%; Tesla plunged over 8% on Musk’s party news;

Bitget Daily Digest (7.8)｜Trump Delays Tariff Deadline to August 1, Russia Launches Nationwide Mining Equipment Registry, Letsbonk Overtakes Pump on Multiple Fronts image 1

3. Bitget BTC/USDT liquidation map: At 108,319 USDT, a 2,000-point drop to 106,319 would liquidate over $450M in longs; a move up to 110,319 would liquidate over $498M in shorts. Liquidation risk is balanced—leverage should be managed carefully.

4. In the past 24h, BTC spot inflows stood at $1.2B, outflows $1.4B—net outflow $200M.

5. BTC, ETH, $DOGE, $WIF, $SUI led contract net outflows—potential trade setups.

Institutional Views

Greeks.Liv e: Bitcoin market sentiment has split, with $105,000 a crucial technical level.

Original: https://x.com/BTC__options/status/1942248292370485746

Matrixport: Market lacks new catalysts, most retail traders seem to be in "summer break mode."

Original: https://x.com/Matrixport_CN/status/1942116376648589425

News Updates

Russia starts nationwide crypto mining equipment registry to combat illegal mining and boost tax revenue
Hong Kong Treasury Secretary: Tokenized green bond settlement shortened to T+1
Shenzhen, China: Warning against illegal fundraising under the guise of stablecoins
Ukraine sanctions 60 Russian crypto firms, citing sanctions evasion

Project Developments

TON Foundation clarifies rumors of UAE golden visa partnership
U.S. SEC urges spot Solana ETF issuers to revise and resubmit by end of July
Pump.fun’s protocol fee revenues yesterday were down over 86% from historical highs
Letsbonk.Fun surpassed Pump.fun in both token launches and “graduations” in 24h
The SEC delayed its decision on the Fidelity spot Solana ETF
Strategy bought no Bitcoin between June 30 and July 6
Babylon to launch BTC multi-staking testnet in Q3, aiming for mainnet in Q4
Nansen: Pendle has become DeFi’s rate infrastructure, paying $3.86M to vePENDLE stakers in May alone
ETHGlobal Cannes hackathon reveals 10 finalists, covering AI, DeFi, and more
Aevo completed its June token buyback, repurchasing a total of 1 million AEVO

X Highlights

1. Web3 Philosopher: Free finance is the main theme: capital flows drive bull markets, trend following is key

The main theme is on-chain free markets—capital and products are moving on-chain, from fundraising to exit. Everything can be tokenized and traded freely. Solana is the biggest winner, with ETH and Base likely to resonate. Every wave of capital flow creates a new bull market: CEX → DEX, Meme → AI, Pump → Bonk. The key isn’t internal PVP, but riding and capturing the trend and betting on the assets with the strongest representation. Always move in the direction of least resistance—this is the key to surviving cycles.

Original: https://x.com/CyberPhilos/status/1941908616002548074

2. Fomo Guy: Bonk’s market position rises—platform revaluation is justified

For users unwilling to chase low-cap memecoins, $BONK is still a value play. Bonk’s market cap is about $2.2B, lower than the rumored $4B for Pump, but half its platform revenue is used to buy and burn $BONK, creating over 34,000 SOL of on-chain buy pressure. Bonk drives Solana’s revival, while also working closely with the core team. In contrast, Pump is seen as more of a value-extraction tool. If Bonk can keep leading in share and volume, revaluation logic remains intact.

Original: https://x.com/0xfomor/status/1942226967316894049

3. Phyrex: Q3 monetary vs. tariff policy—BTC’s volatility in sync with U.S. stocks and bonds

This week is all about tariffs and monetary policy. The U.S. average tariff is 2.5% but bilateral rumors start at 10–20%, with Japan/S. Korea at 25%, EU’s bottom line expected at 20%, and China remains the big wild card. After policy news, U.S. yields spiked, fueling Trump’s pressure on the Fed; the next Fed chair is expected to focus on cutting rates and stabilizing markets. Q3 is crucial for macro and capital flows; BTC spot is tightly correlated with U.S. stocks, main support at $104K–108.5K, sentiment tense—watch July 9 and future Fed/White House moves.

Original: https://x.com/Phyrex_Ni/status/1942278868930552150

4. Millionaire Eric: ETH overbought again—partial take-profits are better than shorting blindly

ETH has triggered a 4H overbought signal. I prefer to use this for partial long take-profits, rather than flipping short. Each of the past three signals: the first led to chop, the second and third saw clear pullbacks; this time, EMAs are turning, so bulls have the edge. This signal is good for staged profit-taking—not an ideal short entry.

Original: https://x.com/CycleStudies/status/1942150482606297134

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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