On July 9 (Wednesday), Ripple CEO Brad Garlinghouse became the focus at a Senate Banking Committee hearing titled "From Wall Street to Web3: Building the Future of the Digital Asset Market." He used this platform to call for cryptocurrency regulatory reform and explained the impact of the SEC lawsuit against Ripple, while emphasizing the non-security nature of XRP. Against this backdrop, XRP reached a 7-week high, while Bitcoin (BTC) also hit a new all-time high. Hopes for the introduction of a regulatory framework, along with the more important FOMC meeting minutes, boosted demand for BTC and the entire crypto market.

High Frequency Economics economists pointed out that the number of initial jobless claims in the United States rose to the highest level since April in the latest week, but they are not worried. The number of claims is still low, indicating that companies are retaining employees who may be needed in the future. Despite the uncertainty caused by the GDP data, companies remain cautious about layoffs.

Jin10 reported on May 16 that on May 15 local time, Russian President Putin issued a presidential decree relieving Oleg Salyukov from his position as the Commander-in-Chief of the Russian Ground Forces and appointing him as the Deputy Secretary of the Security Council of the Russian Federation.

High Frequency Economics analyst Carl Weinberg pointed out that the latest initial jobless claims data shows the labor market remains optimistic. From the third quarter of 2024 to the first quarter of 2025, the average weekly applications for unemployment benefits are expected to slow down on a month-on-month basis. The latest data shows that the number of jobless claims is 229,000, which is basically flat compared to previous data, indicating stability.

Gate News bot message, Bitcoin (BTC) has broken through its previous all-time high of $112,000 on May 22nd, marking a significant milestone in the cryptocurrency market. The digital asset continues to demonstrate strong performance in the current trading session.

BTC price reached 111973, setting a new historical high.

The blockchain analysis platform Santiment indicates that cryptocurrency traders are increasingly optimistic about Bitcoin's potential to return to $110,000 on social media, but the surge in optimistic sentiment is not always a good sign. Santiment analyst Brian Quinlivan states that people are clearly starting to drool over the potential market value of Bitcoin exceeding $110,000.

The dormant memecoin (Meme Coin) PEPE (Pepe Coin) suddenly exploded late on Monday (UTC time), attracting widespread attention in the market. Driven by a surge in volume of 500 million USD, the price soared nearly 10% in a short period, igniting discussions in the market about the new rise trend of PEPE coin.

Since June, the price of DOGE has been performing flat, reflecting a decrease in investor interest in the Crypto Assets market. Its price has fallen by 38% from the peak in May. However, the latest Technical Analysis shows that despite facing external noise, DOGE may be on the verge of a Rebound.

According to Gate News bot, market data shows that the token $USELESS in the Bonk ecosystem has reached a historic high today. As part of the Bonk ecosystem, this price breakthrough demonstrates the latest trends in the Meme token market.

Gate News bot message, according to Cointelegraph, an analyst said that as long as BTC does not fall by more than 10% by the end of the second quarter, Michael Saylor's Strategy (stock code: MSTR) is likely to be included in the S&P 500 index.

The Shanghai Composite Index rose by about 0.6% in the afternoon, hitting a new high for the year, while the Shenzhen Component Index rose by over 1%. The ChiNext Index rose by nearly 2% in the afternoon, breaking through the May 14th high to return to 2100 points, with securities, semiconductors, and other zones leading the way in terms of rise.

Golden Finance reported that, according to the Financial Times: Microsoft (MSFT.O) is prepared to exit high-risk negotiations with OpenAI. If key issues cannot be agreed upon, Microsoft (MSFT.O) is considering suspending negotiations with OpenAI. Key issues in the negotiations between Microsoft and OpenAI include the scale of Microsoft's future shareholding.

Golden Finance reports that Federal Reserve Chairman Powell stated: Interest rates are not considered very high.

Golden Finance reports that the Federal Reserve (FED) FOMC statement: Inflation remains slightly high. The Federal Reserve (FED) FOMC economic projections: The median core PCE inflation expectations at the end of 2025, 2026, and 2027 are 3.1%, 2.4%, and 2.1%, respectively. (The March projections were 2.8%, 2.2%, and 2.0%)

Golden Finance reported that Shaw, founder of Ai16z, recently stated that the X platform accused him of violating the terms of service, claiming he sold data and bypassed the API Secret Key. The platform indicated that if a monthly corporate licensing fee of $50,000 is paid, they would no longer pursue the matter. The founder denied these accusations, stating that the X platform incorrectly used his Open Source Source Code as a reason for the ban, and described it as blatant extortion. Currently, he only pays a monthly verification fee of $1,000 and a developer licensing fee of $200, and is considering whether to take legal action.

Gate News bot message, data shows that ETH futures open interest has risen to a historical high, exceeding 40 billion dollars.

According to Gate News bot, TheMinerMag reported that Bitcoin broke through $109,000 in May, setting a new historical high, but the miner revenue indicator hashprice only reached $55 per PH/s, lower than the $63 level when Bitcoin surpassed $100,000 last December. Data shows that in April, listed mining companies sold 115% of their output, reaching the highest level since 2022. At the same time, some mining companies signed agreements with Bitmain to use Bitcoin to pay for mining machines and retain the right to repurchase at the agreed price to cope with price fluctuations. Source: CoinDesk

As the cryptocurrency market begins to circulate expectations of a new round of "alts season", Ethereum (ETH) shows strong recovery signals against Bitcoin (BTC). Technical analysts point out that the ETH/BTC exchange rate chart is forming a key bullish pattern. Ethereum's potential strong performance also boosts the sentiment of the entire altcoin market. Currently, the total market capitalization of alts, excluding Bitcoin, is testing a critical historical rising trend support line. If historical patterns repeat, a successful breakout of the current resistance level is expected to push the total market capitalization of alts towards the $2 trillion mark. However, if there is resistance at this key level and a pullback occurs, it may indicate that the market needs to undergo one last pullback before initiating a sustained rise.

The current price movement of Ethereum is at a critical moment. The ETH/USDT trading pair is testing the $2,590 high timeframe resistance level, a region that is technically significant as it perfectly aligns with the 0.618 Fibonacci retracement level and the middle band of the current Fibonacci price channel. Although bullish momentum still exists, this area may create a short-term top, triggering a healthy technical pullback that lays the foundation for a larger breakout afterward. If the price successfully pulls back to the $2,226 area and finds support there, it will complete a potential butterfly harmonic pattern, paving the way for the price to target the $3,200 level. The prerequisite for this scenario is that the support level holds effectively, and trading volume significantly increases in the next round of upward movement.

Gate News bot message, Bernstein, with an asset management scale of 800 billion USD, reaffirmed its Bitcoin price prediction of 200,000 USD, stating it is "high-conviction but conservative."

Gate News bot news, the amount of ETH staked on the beacon chain hit a historic high of 34.65 million ETH last Sunday, surpassing the record set on November 10, 2024. Over the past year, the staking volume of ETH has remained relatively stable, staying above 33 million ETH. According to the data from the network browser Beaconcha.in, the staking volume started to rebound in June. A higher staking amount indicates that more holders are unwilling to sell at current levels and are more inclined to earn yields through staking.

The UBS Wealth Management Investment Office expects the Federal Reserve (FED) to begin cutting interest rates in September, with a total decrease potentially reaching 75 basis points for the year. Although the impact of trade policies is gradually weakening, there remains uncertainty in the market. Bond yields are high, which is beneficial for stabilizing income. It is recommended to hold high-rated and investment-grade bonds, which are expected to achieve mid-single-digit returns.

Jin10 data reported on May 13th, even after significant tariff reductions this week, analysis from the Yale Budget Lab suggests that (U.S.) consumers still face an overall average effective tariff of 17.8%, the highest level since 1934. The fluctuation in the Trump administration's trade policy announcements makes it difficult for us to clearly understand the impact of tariffs on the economy, but today's April inflation data at least provides insight into how the initial tariff increases this year have been passed on to consumers.

The latest single "What Did I Miss?" by pop music superstar Drake has sparked heated discussions, as its lyrics cleverly compare his fluctuating emotional life with the dramatic fluctuations of Bitcoin Price Volatility.

According to Gate News bot, the latest market data reports that on July 1, the stock price of fintech company Robinhood (stock code: HOOD) continued to rise, with an increase of 9.39%. The company's stock price has once again set a new all-time high, with the current trading price at $90.82. As a highly regarded investment platform, Robinhood's stock

Golden Finance reports that the first stablecoin stock, Circle, has expanded its rise in US stocks, currently experiencing a big pump of nearly 21%, continuing to set a historical high, with a cumulative rise of over 420% since its listing.

Gate News bot message, Token Terminal data shows that the USDC usage on Ethereum has reached an all-time high, with an outstanding supply of approximately 4 billion USD, a monthly USDC transfer amount of about 635 billion USD, and approximately 7.2 million transfers per month.

Odaily News Trader Eugene commented that James Wynn's public establishment of an oversized Position is quite controversial, pointing out that "based on experience, this is almost always a bad idea, as its negative externalities often outweigh the positive effects." He added that it is worth paying attention to how Wynn utilizes 10 to 20 times leverage under extremely high Position scale in the future, while maintaining long-term risk management capabilities.

Gate news bot message, according to the data dashboard by @sankin_eth, the weekly net inflow amount of Hyperliquid reached 548 million USD from May 5 to May 11, setting a historical record. Among them, the net inflow amount on May 8 reached 200 million USD, also setting a new daily net inflow record. Source: Wu says.

Odaily News The US military launched a surprise attack on Iran's three major nuclear facilities on Sunday, causing the Israeli stock market to open high, with the Benchmark TA-125 index rising by 1%, setting a new historical high. (Jin10)

Odaily News The US military launched a surprise attack on Iran's three major nuclear facilities on Sunday, leading to a strong opening in the Israeli stock market, with the Benchmark TA-125 index rising 1%, hitting a historic high. (Jin10)

Jin10 data reported on June 22: The U.S. military launched a surprise attack on Iran's three major nuclear facilities on Sunday, leading to a strong opening in the Israeli stock market, with the benchmark TA-125 index rising by 1%, setting a new historical high.

Gate News bot message, according to DeFiLlama data statistics, the decentralized derivatives exchange Hyperliquid Perp achieved a trading volume of $248.295 billion in May, reaching a historical monthly high. During the same period, Hyperliquid generated revenue of $70.45 million from trading fees and Ticker auction fees, also setting a new historical high. Source: Wu Says

On May 25, Jin10 reported that according to American media, a shooting occurred near Mitchell High School in Colorado Springs, Colorado on the evening of May 24 local time. Reports indicate that dozens of gunshots were heard at the scene and multiple people were shot. Witnesses claim that the shooting may have been triggered by a brawl. According to police reports, roads surrounding the incident area have been blocked off. An investigation is underway.

According to BlockBeats news, on May 25, Token Terminal data showed that USDC usage on Ethereum reached an all-time high, with an outstanding supply of approximately 4 billion USD, monthly USDC transfer amount of about 635 billion USD, and around 7.2 million monthly transfer transactions.

Jin10 data, June 7, news: Intercontinental Exchange: Speculators in Brent crude oil increased their net long positions by 8,813 contracts to 167,763 contracts in the week ending June 3, reaching a new high in over two months; the absolute value of long positions reached a new high in over two months, and the absolute value of short positions reached a new high in about eight months.

Forbes reported that as the price of Bitcoin rises and market sentiment improves, the open interest in Bitcoin futures has reached an all-time high. Greg Magadini from Amberdata stated that the interest rate for Bitcoin futures has reached a historical peak, indicating a bullish outlook on Bitcoin in the market. Analyst Paul Howard pointed out that as options expire, Bitcoin volatility may rise, and the current market shows strong bullish sentiment. The open interest in futures contracts across the entire crypto assets market has also set a new record.

Golden Finance reported that Tesla (TSLA.O) stock price reached a two-month high, rising 6.8% today.

PANews reported on May 31 that Slow Mist's Yu Xin stated on the X platform that the "most High" users of the new mechanism EIP-7702 are actually coin theft gangs (not phishing gangs), which facilitate the automatic transfer of related funds from wallet addresses that have leaked Private Keys/mnemonic phrases, with over 97% of EIP-7702 delegations authorized to such coin theft contracts.

Odaily News Slow Mist Yu Xian stated on the X platform that the new mechanism EIP-7702 is being used most highly by coin theft gangs (not phishing gangs), allowing for the automatic transfer of related funds from wallet addresses that have leaked Private Keys/mnemonic phrases... Over 97% of EIP-7702 delegations were authorized to these types of coin theft contracts.