Musk: Someone wants to kill me Trump will speak at Bitcoin 2024 conference

Headline

▌Musk: Two people tried to kill me in the past 8 months

Elon Musk: Two people (on different occasions) tried to assassinate me in the past 8 months. They were arrested about 20 minutes' drive from Tesla's headquarters in Texas, and they were in possession of guns.

▌Donald Trump will still speak at the Bitcoin 2024 Conference in Nashville

Golden Finance previously reported that when Trump was giving a speech at a campaign rally in Pennsylvania, USA, gunshots were heard at the scene, Trump had blood on his right ear, 1 person in the audience was killed and 2 were injured, and the gunman had been shot dead by the US Secret Service.

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $60,810.58, with a daily increase or decrease of +2.4%;

ETH's latest transaction price is $3,246.12, with a daily increase or decrease of +2.0%;

BNB's latest transaction price is $545.72, with a daily increase or decrease of +2.5%；

SOL's latest transaction price is 147.67 US dollars, with a daily increase or decrease of +3.5%；

DOGE's latest transaction price is 0.1153 US dollars, with a daily increase or decrease of +2.3%；

XPR's latest transaction price is 0.522 US dollars, with a daily increase or decrease of -1.3%.

Policy

▌SEC Enforcement Chief Calls for Stronger Crypto Regulation

SEC Enforcement Chief Gurbir S. Grewal discussed cryptocurrency regulation at a seminar at the William and Mary College of Business Law Review earlier this month. He stressed the need to enforce federal securities laws in the evolving cryptocurrency market. Grewal noted that the principled definition of securities in the 1946 Supreme Court case SEC v. Howey still applies to new investment schemes, including crypto assets.  

SEC Enforcement Chief highlighted the significant investor losses caused by fraudulent crypto activity and stressed the urgent need to address these harms. He pointed to the numerous charges filed against issuers that conducted unregistered and deceptive offerings. Grewal emphasized that innovation and compliance with securities laws are not mutually exclusive, and that securities regulators are committed to working with cryptocurrency entrepreneurs to ensure compliance while promoting technological advancement. Finally, he stressed the need for strong enforcement to maintain public trust, protect investors and bolster confidence in financial markets by holding lawbreakers accountable and fostering a culture of compliance.

▌Musk Donates to Trump

Billionaire Elon Musk has donated to a super PAC dedicated to electing Donald Trump to the White House, a major move by the world’s richest man to leave his mark on American politics. 

Musk has donated to a low-profile group called American Political Action Committee, according to people familiar with the matter who requested anonymity to detail his plans. It’s unclear how much Musk has donated, but people familiar with the matter said it’s significant. The PAC will disclose its list of donors again on July 15.

▌EBA publishes guidance on the ‘Travel Rule’

The European Banking Authority (EBA) has today published new guidance on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto-assets. The rule will help tackle the misuse of such transfers for money laundering and terrorist financing.  

The guidance sets out what information should accompany transfers of funds or crypto-assets and sets out the steps that payment service providers (PSPs), intermediary PSPs (IPSPs), crypto-asset service providers (CASPs) and intermediary CASPs (ICASPs) should take to detect missing or incomplete information, and what they should do if a funds transfer or crypto-asset transfer lacks the required information.  

The aim is to establish a consistent and effective way of implementing the travel rule across the EU, enabling the relevant authorities to fully trace such transfers, if necessary, to prevent, detect or investigate money laundering and terrorist financing.

Blockchain Applications

▌Usual Money Launches Usual USD on Public Mainnet, TVL Reaches $90 Million

A project called Usual Money has officially announced its public mainnet, launching the USD (USD0) stablecoin. The initiative aims to provide a decentralized alternative to traditional fiat-backed stablecoins. According to defillama.com statistics, as of July 14, the total locked value (TVL) of the USD0 protocol was $90.78 million.

Crypto

▌Institutional liquidity providers and OTC desks absorb 88% of Bitcoin sales in Germany

Institutional liquidity providers, market makers and over-the-counter (OTC) desks (whichever term you choose) have absorbed the majority of Bitcoin in Germany since sales began in June 2024. Only a small amount of BTC has been moved to centralized cryptocurrency exchanges such as Coinbase, Kraken and Bitstamp, data shows.

▌Market watchers: investors will initially favor traditional safe-haven assets

Market watchers say investors will initially favor traditional safe-haven assets and may tend to choose trades most relevant to the possibility of former President Donald Trump entering the White House after escaping an assassination attempt.  

Currency trading begins at 5am Sydney time, with the dollar likely to get a boost as other safe haven currencies such as Japan's beleaguered yen, Swiss franc and gold look set to escape market volatility. Bitcoin briefly rose above $60,000 following the attack.  

Traders will also be watching futures contracts on the S&P 500 and US Treasury markets, both of which begin trading at 6pm New York time; cash trading in US bonds will not start until 7am London time due to a national holiday in Japan.

▌Trump assassination pushes election odds to all-time highs

Former President Donald Trump's chances of winning the US presidential election have greatly increased following an assassination attempt on Saturday, Golden Finance reported. The "yes" share in the contract on whether Trump will win the election rose to $0.70 from $0.60, Polymarket data showed. This means that traders believe there is a 70% chance that Trump will win the November election. 

Polymarket data shows that Biden's chances of winning the election have also dropped from 30% to 17%. On the other hand, Polymarket traders said that Vice President Kamala Harris's chances of winning are only 6%.

▌PYUSD supply falls below 390 million

On-chain data shows that PYUSD supply has dropped to 381,972,707.11, with the current number of holders being about 10,638 and the number of on-chain transactions reaching 166,107.

▌BTC breaks through $61,000

The market shows that BTC breaks through $61,000 and is now at $61,006.18, with a daily increase of 2.28%. The market fluctuates greatly, so please do a good job of risk control.

▌Jade City raises funds for real-world asset tokens

Jade City, a pioneer in the tokenization of Jade, has completed $300,000 in pre-seed financing and is currently conducting a seed round of financing with a target amount of $1.2 million. Their real-world asset platform will be launched later in 2024, providing the first global market for Jade-backed digital assets.

▌Standard Chartered: Bitcoin is expected to rise to $100,000 in the November election

Since the weekend morning, virtual currencies have started to rise across the board. Bitcoin once returned to the $60,000 mark, and Ethereum, Tether, Dogecoin, etc. also rose across the board. It is worth noting that Trump has made many remarks in support of cryptocurrencies earlier. The latest draft of the Republican Party platform clearly states that it wants to "end the suppression of cryptocurrencies" and mentions opposition to the launch of central bank digital currencies, defending the right to mine Bitcoin, and defending the right to custody and free trading of digital assets. Geoffrey Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, said that Trump is more friendly to Bitcoin regulation and mining than Biden. As Trump's chances of being elected increase, Bitcoin is expected to rise to $100,000 in the November election and is expected to reach $200,000 by the end of next year.

Important Economic Dynamics

▌The probability of the Fed keeping interest rates unchanged in August is 93.3%

According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in August is 93.3%, and the probability of a 25 basis point rate cut is 6.7%. The probability of the Fed keeping interest rates unchanged by September is 5.6%, the probability of a cumulative 25 basis point rate cut is 88.1%, and the probability of a cumulative 50 basis point rate cut is 6.3%.

Golden Encyclopedia

▌What is the market depth of cryptocurrency trading?

In cryptocurrency trading, market depth describes the market's ability to withstand a large number of orders without a significant impact on the price. It is a liquidity indicator that shows the number of buy and sell orders for a given cryptocurrency at different price points. So, how is market depth displayed? Depth charts are often used to illustrate this data. It plots buy orders (bids) on one side and sell orders (asks) on the other side to reflect price levels.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.