Headline
▌BTC breaks through $68,000
The market shows that BTC breaks through $68,000 and is now at $67,994, with a daily increase of 0.94%. The market fluctuates greatly, so please do a good job of risk control.
▌Biden withdraws from the election and supports Harris, Trump responds: Harris is easier to defeat than Biden
Minutes after Biden announced his withdrawal from the 2024 presidential election, Trump responded in a phone call with CNN: "He is the worst president in the history of our country. He is by far the worst president in the history of our country." Although it is not clear who the Democratic candidate will be, Trump said he believes Vice President Harris will be easier to defeat than Biden.
Market
As of press time, according to Coingecko data:
BTC's latest transaction price is $67934.03, with a daily increase or decrease of +1.1%;
ETH's latest transaction price is $3532.56, with a daily increase or decrease of +0.3%;
BNB's latest transaction price is $601.64, with a daily increase or decrease of +1.3%；
SOL's latest transaction price is 184.33 US dollars, with a daily increase or decrease of +5.9%；
DOGE's latest transaction price is 0.1410 US dollars, with a daily increase or decrease of +4.1%；
XPR's latest transaction price is 0.598 US dollars, with a daily increase or decrease of +0.5%。
Policy
▌Trump: Biden is not fit to run for president, nor to serve the country
Former US President Trump said about Biden's withdrawal from the election, "Sly Joe Biden is not fit to run for president, and certainly never fit to serve the country. He only got the presidency through lies, fake news, hiding and inaction. Everyone around him, including his doctors and the media, knew that he was incapable of being president. Now, look at what he has done to the country. Millions of people have crossed our border completely without inspection and review, many from prisons and mental hospitals, and the number of terrorists has reached an all-time high. We will suffer great losses from his presidency, but we will quickly make up for the damage he has caused. Make America great again!"
▌Germany has lost $124 million in profits from the sale of Bitcoin
On July 13, the German state of Saxony completed the sale of 50,000 BTC seized from the movie piracy website movie2k, generating revenue of approximately $2.87 billion. Compared to the $2.13 billion acquisition cost in January, they made a profit of more than $740 million. However, the price of Bitcoin soared 16.55% immediately after the sale, driven by the assassination of former US President Donald Trump, which also improved his chances of re-election in November. In theory, the sale of 50,000 BTC in March could have brought the state a profit of $1.5 billion. Meanwhile, Bitcoin fell 12% during the German government's sale, also resulting in a loss of profit.
▌Musk: Real power is abandoning the old puppets, and Trump is not a puppet
Musk commented on Biden's withdrawal from the 2024 presidential election. I heard last week that Biden will resign at this exact time and date today, which is widely known in Washington. The real power is abandoning the old puppets and choosing puppets that are more likely to fool the public. They are afraid of Trump because he is not a puppet.
Blockchain Applications
▌Animoca Ventures proposes to launch a new fund ApeCoin Ventures in cooperation with ApeCoin
According to Snapshot information, Animoca Brands' venture capital department Animoca Ventures proposed to jointly establish a joint venture fund ApeCoin Ventures with ApeCoin in ApeCoin DAO, intending to invest in Web3 projects in the seed and A rounds, and give priority to those projects that can integrate ApeCoin into its ecosystem, thereby increasing the value, practicality, synergy, network effect and influence of ApeCoin.
The fund size of ApeCoin Ventures is US$10 million, of which ApeCoin DAO needs to allocate US$5 million worth of APE (Animoca Ventures intends to sell it as legal currency), and Animoca Ventures will invest US$5 million. The proposal is now open for voting, with a current support rate of 83.49%, and voting will end on August 1.
Cryptocurrency
▌Crypto Policy Group: President Biden's decision to step down is a new opportunity for senior Democrats to embrace cryptocurrency and blockchain technology
Forbes reporter Eleanor Terrett wrote on the X platform that the crypto policy group CEDAR Innovation Foundation said that President Biden's decision to step down is a new opportunity for senior Democrats to embrace cryptocurrency and blockchain technology: "While Secretary of State Gensler and Senator Warren may have misled White House policy in the past, now is the time to propose a new vision for American innovation that will keep innovative jobs in the United States, ensure the global competitiveness of digital assets, and herald a new era of financial inclusion and prosperity."
▌Real Bedford FC, a British non-professional football club, bought 66.9 BTC at an average price of $67,220, worth more than $4.5 million
Podcast host Peter McCormack said on the X platform that British non-professional football club Real Bedford FC bought 66.9 BTC for $4,500,420.69, an average price of about $67,220. As of today, Real Bedford FC has bought 82.7 BTC for about $5.37 million, an average price of about $64,925. 15.8 BTC are used as float for football matters, and the rest are stored in our vaults.
▌Portfolio Manager: Biden's withdrawal is good for the market
Overall, Biden's withdrawal is good for the market at least temporarily, which could be good for the bond market, especially given where we are in the business cycle, and more importantly, where we are in economic growth and inflation. I suspect that if the situation ultimately leads us to a divided government, that would be a good thing for the market. Jack Mcintyre, global fixed income portfolio manager at Brandywine Global Investment Management, said.
▌Biden Meme Coin BODEN fell below $0.01, with a 24H drop of more than 60%
Market data shows that Biden Meme Coin BODEN fell below $0.01 and is now quoted at $0.009301, with a 24H drop of 60.9%.
▌Kamala Harris Meme Coin Soared to a Record High after Biden Withdrew
Within minutes of Biden's announcement that he would give up his re-election campaign, KAMA hit a record high of 2.4 cents. With a market value of $24 million, KAMA is now almost four times the size of Biden-inspired token BODEN, which was once the mainstream cryptocurrency of the so-called PolitiFi. BODEN fell nearly 50% after Biden's announcement.
Important Economic Dynamics
▌Gold rises in early Asian trading as Biden withdraws from the race, raising risk aversion
U.S. President Biden's announcement that he will end his reelection campaign raises new questions about whether the move will help or hinder Trump's return to the White House. Spot gold rose as much as 0.5% in early Asian trading as risk aversion benefited from heightened uncertainty over the U.S. election. The dollar's fall at the opening of Monday's market also provided support for gold, as traders may be inclined to believe that if Trump wins the election, he will push the dollar down. Spot gold is currently trading at $2,410.3 per ounce, up nearly 0.4%; the dollar index DXY is currently trading at 104.19, down 0.18% on the day. (Jinshi Data APP)
Golden Encyclopedia
▌What is liquidity pledge?
Liquidity pledge allows pledgers to maintain the liquidity of pledged tokens by using alternative tokens, which they can use to earn additional income through DeFi protocols. Liquidity pledge enables cryptocurrency holders to participate in staking without giving up control of their holdings. This changes the way users stake. Projects such as Lido have introduced liquidity pledge, providing tokenization of pledged assets in the form of tokens and derivatives.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to increase risk awareness.
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