Today's news follows these key points.

1. Trump's Truth Social applies for cryptocurrency blue-chip ETF
- Trump Media & Technology Group submitted SEC filings to launch a "Crypto Blue Chip" ETF tracking **BTC, ETH, SOL, XRP, CRO**, aiming to integrate mainstream crypto assets into the traditional financial framework.
- *Market Impact*: If approved, it may accelerate institutional capital inflow into related tokens, particularly benefiting XRP (which has recently attracted attention due to frequent strategic moves by Ripple).

2. Global Regulatory and Compliance Dynamics
- **Dubai**: Approved the first tokenized currency market fund (QCD Fund), promoting the development of RWA (real-world assets).
- **Hong Kong**: The stablecoin licensing framework takes effect on August 1, and market optimism drives local crypto stocks higher.
- **U.S. Senate Hearing**: A meeting on the structure of the cryptocurrency market will be held today at 22:00 (Beijing time), with the attendance of Ripple's CEO and others, focusing on regulatory compliance and market transparency.

3. **Institutional Trends and On-Chain Data**
- **BlackRock Bitcoin ETF**: Holdings are approaching 700,000 BTC, accounting for 3.32% of total Bitcoin supply, continuously accumulating.
- **Enterprise Encryption Adoption**:
- Japanese company Remixpoint announced the full payment of CEO salary in Bitcoin.
- SharpLink Gaming has accumulated a staked value of $536 million ETH.
- **Tether Reserves**: Holding 8 billion USD worth of physical gold in Swiss vaults to enhance the transparency of USDT reserves.

4. Macroeconomic Events
- **Deadline for US Tariff Negotiations (July 9)**: If no agreement is reached, tariffs of up to 70% may be imposed on multiple countries starting August 1. Treasury Secretary Basent hinted that a partial agreement might be reached, and the market is betting on the effectiveness of a "buy the dip" strategy.
- *Cryptocurrency Market Reaction*: BTC briefly broke through $109,000 yesterday, with XRP, DOGE, and others showing a widespread increase, indicating a rise in safe-haven demand.
5. Project Unlocking and Selling Pressure
- **APT**: 11.31 million unlocked on July 12 (valued at $50.44 million), accounting for 1.75% of the circulating supply.
- **MOVE**: 50 million tokens (worth $7.7 million) will be unlocked today, which may cause short-term price fluctuations.

6. Chain Reaction of Trade Wars
- If tariff negotiations break down, it could trigger a global stock market decline. Although the crypto market has safe-haven properties, high-volatility assets (such as Meme coins) are susceptible to liquidity shocks.
APT MOVE pay attention to unlocking selling pressure, there is a high probability of interest rate cuts in September, so stock up on the coins in this period. The altcoin season will still come.