Bitget Daily Digest (7.9)｜Trump’s Truth Social Files for Crypto Blue Chip ETF; Grayscale Reveals Q2 Multi-Asset Fund Weights
远山洞见2025/07/09 02:45
By:远山洞见
Today’s Preview
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U.S. EIA Weekly Crude Oil Inventory for the week ending July 4 to be released today (previous: 3.845 million barrels)
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Polkadot Community Foundation proposes launching co-branded Visa card, with voting open until July 9
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U.S.–EU tariff negotiation deadline extended to July 9
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Movement (MOVE) to unlock 50 million tokens today, accounting for 1.92% of circulating supply
Macro & Hot Topics
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Trump announces 25% tariffs on Japanese and Korean imports effective August 1. President Trump stated that 25% tariffs on Japanese and Korean goods coming into the U.S. will take effect August 1. This marks the start of unilateral tariffs against countries without a U.S. trade agreement, with Japan and South Korea being the first notified by Trump’s administration this week.
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Grayscale announces Q2 multi-asset fund allocation weights. Grayscale Investments® completed its Q2 2025 rebalancing: The DeFi fund adds Ondo (ONDO), now led by Uniswap (34.01%) and Aave (30.74%); the Smart Contract fund drops Polkadot, adds Hedera, with Ethereum and Solana weights at 30.22% and 29.87%, respectively; the AI fund maintains assets but modifies weights, with Bittensor at 29.10% and NEAR Protocol at 28.41%.
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Truth Social’s blue-chip crypto ETF “basket” includes BTC, ETH, SOL, XRP, and Cronos. Trump’s Truth Social filed an S-1 registration, applying for a crypto blue-chip ETF. The S-1 discloses its allocations: Bitcoin (~70%), Ethereum (~15%), Solana (~8%), Cronos (~5%), and XRP (~2%).
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Trump expresses dissatisfaction with Putin, threatens more Russia sanctions. On July 8, President Trump authorized more defensive weapon deliveries to Ukraine and said tougher Russia sanctions are under consideration. He said he’s “very dissatisfied” with Putin, calling past “attitude good, but result meaningless.” He’s weighing support for a new severe Russia sanctions bill in the Senate.
Market Updates
1. BTC traded sideways, with 124 million liquidated in the past 24h, mostly shorts.
2. Tariff uncertainty left U.S. markets mixed, small-caps did well, Dow lagged. Tesla rebounded 1.3% after its previous plunge, Nvidia gained 1%+ to a record, approaching a $4 trillion market cap.
3. Bitget BTC/USDT liquidation map: at 108,776 USDT, a 2,000-point drop to 106,776 would trigger $430M+ long liquidations; a move to 110,776 would trigger $450M+ in shorts. Liquidation risk is balanced—leverage should be managed prudently.
4. In the past 24h, BTC spot inflows reached $1.1B, outflows $1.3B—net outflow $200M.
5. BTC, XRP, $FARTCOIN, $SOL, $HYPE contracts led net outflows—possible trade setups.
Institutional Views
Greeks.liv
e: Bitcoin has lingered too long in the $105K–$110K range, lacking direction
Greeks.liv
e: Some crypto traders are “bullish but hedging”
Matrixport: Stablecoin minting momentum has slowed; bulls may consider selling calls as a hedge
News Updates
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Pakistan establishes PVARA virtual asset regulator to boost crypto industry
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Trump: Tariffs start August 1, 2025, no extensions
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Trump approves more weapons for Ukraine, blasts Putin, signals more sanctions
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U.S. Treasury Secretary: Talks with China planned in coming weeks on trade and related issues
Project Developments
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Upexi raised its SOL holdings to over 735,000 tokens
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Resupply launches IP retention rewards—2.5M RSUP to be distributed over 52 weeks
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Truth Social filed S-1 with SEC for blue-chip crypto ETF
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Grayscale Q2: Ondo, Hedera added to DeFi/smart contract funds, Polkadot removed
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SOON responds to price swings: no tokens were sold, product development continues
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UXLINK’s Q2 report: $4.5M revenue, new listings ahead
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Grass adds mobile mining for Android, offers triple rewards for a limited time
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BONK holders near 1 million, with 1 trillion tokens to be burned at the milestone
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Four.Meme now supports Chinese and emoji token creation
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Vertex to shut down the old DEX and move to Kraken-backed L2 network Ink
X Highlights
1. Daidaibtc: ETH division intensifies: bear consensus collapses, bulls look to ETF demand
ETH market is deeply divided—bears cite three years of negative EB and big whales selling, while bulls expect ETF inflows and U.S. public firms’ strategic buys to absorb supply. After massive volatility, I favor a long bias—core assets remain attractive, and knowledge premium is worth maintaining.
2. Unipcs: BonkFun market share surges to 74%—Chinese community makes major contribution
Latest data: BonkFun now holds nearly 74% of the launchpad market, versus Pumpfun at 24%, exceeding prior forecasts. Blockworks uses real transaction volume as the metric. BonkFun’s rise is tied to strong global and especially Chinese participation—viral projects like IKUN and Wang Chai originated with Chinese users. There’s still huge future potential for BonkFun.
3. Phyrex: Tariff delay lifts markets, now Fed chair change is the wild card
Markets recovered on Trump’s delay of TACO tariff enforcement from July 9 to August 1—signaling ongoing negotiation with major trade partners and the Fed. EU and USMCA talks look stable; China remains the big unknown. If tariff and “Big and Beautiful” Act progress together, inflation risk rises, pressuring the Fed to cut rates. Trump could use this window to appoint a new Fed chair, balancing policy via internal and external moves. U.S. stocks and BTC remain tightly linked; macro focus remains on tariffs and Fed policy.
4. 0xYiJing: Pump vs Bonk: chips, buybacks, and market cap—whose logic is stronger?
Pump’s public round: $4B, institutional $1–2B, KOLs $1B; yet chip structure and airdrop allocation stay unclear, and the team mostly cashes out—recently, Bonk overtook Pump in trading. Bonk’s FDV is just $2B, with 58% of platform fees used for buybacks and burns, making buy-in cost transparent. The Bonk team is committed, the community is active, and long-term growth looks solid. “Where you sit is how you think”—if I have to pick, I’m all in on $BONK.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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