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Why has utility become such a losing bet?
President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.The implementation of the tariffs was delayed to Tuesday at 12:01 am.Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.
Stablecoin liquidity has increased, surpassing $200B in total market cap. USDT and USDC lead the expansion, signaling potential market shifts. Analysts say this trend could impact Bitcoin and crypto prices.
MicroStrategy expanded its preferred stock offering from $250M to $584M to support corporate initiatives and enhance its Bitcoin portfolio ahead of final sale conditions.
- 15:37The independent miner who transferred over 80,000 BTC today would rank 293rd on the global rich listAccording to Jinse Finance, an independent miner today transferred over 10,000 BTC that had been dormant for more than 14 years from eight different addresses to a new address. According to Conor Grogan, a director at a certain exchange, this independent miner once held as many as 200,000 BTC. Based on the current price of Bitcoin and the Forbes Global Billionaires List, if the miner now holds around 80,000 BTC, their net worth would be approximately $8.69 billion, ranking 293rd on the Forbes Global Billionaires List. If the miner holds about 200,000 BTC, their net worth would be around $22 billion, ranking 90th on the list.
- 15:37Japanese apparel company Mac House announces partnership with crypto mining firm Zero Field to enter Bitcoin miningAccording to ChainCatcher, as reported by CoinDesk, Japanese apparel company Mac House has partnered with local crypto mining firm Zero Field to enter the Bitcoin mining sector. Under the agreement, Mac House will add mining operations to its existing "buy-and-hold" strategy to balance risk and enhance returns. The two parties will negotiate specific operational plans in the future and are considering expanding into areas such as NFTs.
- 15:12Greeks.live: Recently, the Market Has Focused on Tokenized US Stocks, Diverting Attention from the Crypto MarketOdaily Planet Daily News: Greeks.live macro researcher Adam posted on the X platform, stating that July 4 options expiry data shows:28,000 BTC options expired, with a Put Call Ratio of 1.07, a max pain point at $106,000, and a notional value of $3 billion.237,000 ETH options expired, with a Put Call Ratio of 1.25, a max pain point at $2,500, and a notional value of $600 million.Today is the first expiry day after the quarterly settlement, and the market remains relatively stable. Recently, the spotlight has been on the tokenization of US stocks, which has undoubtedly diverted attention from the crypto market. Although BTC has once again pushed for new highs, overall market sentiment has not been significantly boosted. Looking at the main options data, in terms of implied volatility, BTC's IV remains at a low level, with short- and medium-term IVs all below 35%. ETH's IV has slightly declined, falling below 60%, so there is still room for cross-asset volatility strategies.