Today's News Briefing

Macroeconomic Policy

The US and Europe have reached a new trade agreement, with the EU set to increase investment in the US by $600 billion.

The President of the United States announced a new trade agreement with the European Union. Under the agreement, the United States will impose a 15% tariff on goods imported from the EU. The EU has committed to increasing investment in the U.S. by $600 billion and purchasing U.S. military equipment and $750 billion in energy products. Both sides have agreed on a unified tariff rate of 15% for the automotive and pharmaceutical industries, but have not yet reached an agreement in the spirits sector. Details of the agreement will be announced in the coming weeks.

Details of the 140 million yuan reward corruption case on a certain short video platform have been exposed.

A former employee of a short video platform company in Haidian District, Beijing, Feng, took advantage of his position to collude with external suppliers to defraud the company of 140 million yuan in rewards. The individuals involved transferred the illicit funds by registering shell companies, using virtual currencies, and employed "mixing" technology to obscure transaction paths. Ultimately, seven people were sentenced to prison terms ranging from 3 to 14 years and 6 months. This case highlights the upgrading of commercial corruption methods in the digital economy era, and companies need to strengthen risk prevention and control.

Market View

Analyst: Bitcoin's pullback to $111,000 may be the best entry point.

The founder of a research institution suggests that investors pay attention to the opportunity of Bitcoin retracing to $111,673, considering it could be an ideal risk-reward entry point. He pointed out that if Bitcoin does not show a significant retracement, breaking and stabilizing at $120,000 could also become a good opportunity to re-enter. However, it is important to set reasonable stop-losses.

Report: August to September may be a strategic consolidation period for Bitcoin

An analysis by a certain institution pointed out that August and September have traditionally been months when Bitcoin performs weakly. Although the bullish outlook for the year remains, the short-term market may enter a tactical consolidation period due to seasonal factors. Events this week such as U.S. stock earnings reports, the White House digital asset report, and the Federal Reserve interest rate decision may become new catalysts affecting the market.

Project Updates

A trading platform will launch a new trading pair for Optimism.

A certain South Korean trading platform announced that it will support new trading pairs for Optimism (OP) against Korean Won, Bitcoin, and USDT starting from July 28 at 16:30 (local time). OP deposits will be opened within 2 hours after the announcement, and will only support the Optimism network. There will be restrictions on buying, selling, and order types during the initial trading phase.

ZORA's market value exceeds 300 million USD

The market value of the ZORA token has exceeded 300 million USD. A large holder with more than three times the long position in ZORA currently has floating profits of over 2.2 million USD.

Important Data

An additional issuance of 1 billion USDT.

On July 28 at 16:13, 1 billion USDT was newly issued on the Tron network, with a total value of approximately $1.0013 billion.

Last week, digital asset investment products recorded an inflow of $1.9 billion.

A report from a research institution shows that last week, digital asset investment products recorded an inflow of $1.9 billion, bringing the total inflow for this month to a record $11.2 billion. Ethereum performed notably, attracting $1.59 billion in inflows last week, setting its second highest weekly inflow record in history. Bitcoin, on the other hand, saw an outflow of $175 million.

BNB reaches a new high of 860 USD

BNB briefly touched $860, setting a new all-time high, up 7.24% in the last 24 hours.

Ethereum futures open interest surpasses $60 billion.

The total open interest for Ethereum futures contracts across the network has surpassed $60 billion, reaching a new high of $60.48 billion (15.39 million ETH). Among them, a certain trading platform has an open interest of approximately 2.79 million ETH in Ethereum futures contracts, equivalent to about $10.98 billion.

The Ethereum spot ETF saw a net inflow of $1.85 billion last week.

Last week, the Ethereum spot ETF recorded a net inflow of $1.85 billion, marking the second highest in history. As of the time of writing, the total net asset value of the ETF is $20.66 billion, accounting for 4.64% of the total market value of ETH.

Institutional Dynamics

French company Capital B increased its holdings by 58 bitcoins.

French listed company Capital B confirmed that it recently purchased 58 bitcoins for 5.9 million euros, bringing its total holdings to 2,013 BTC. The current average price of Bitcoin is 90,863 euros, with a total value of approximately 183 million euros. The company's BTC investment return rate has reached 1,409.8% year-to-date.

Metaplanet increased its holdings of 780 bitcoins

The Japanese listed company Metaplanet has increased its holdings by 780 bitcoins for approximately $92.5 million, with a unit price of about $118,622. As of July 28, Metaplanet has accumulated a total of 17,132 bitcoins, with a total purchase amount of about $1.73 billion and an average purchase price of $101,030 per bitcoin.

SharpLink Gaming makes a large purchase and stakes Ethereum

SharpLink Gaming acquired 77,206 ETH over the weekend, with a total value of approximately $296 million, and has staked all of it.