8/7/25 Market Highlights 🔥

Liquidations in the last 24 hours: $167 million (Long positions $107 million)

1. $BTC is experiencing a volatile rise, while $ETH has a strong rebound. Altcoins are fluctuating unevenly, and the secondary market is relatively dull.

2. Yesterday, @Gate's @pumpdotfun public sale page leaked, causing a stir across the internet. FDV 4 billion, it seems everyone is a bit fearful of heights.

3. The tariff issue has come up again yesterday, with Finance Minister Bessant announcing an overall tariff increase to 20%, while Malaysia is at 25%🫠

4. The US stock market's crypto sector is in turmoil again, with $SBET soaring 12% yesterday.

5. No more money or it's the end. MicroStrategy pauses Bitcoin purchases for the first time since April.

6. Defendant = Takeoff. Yesterday, Bonk Meme $CRCL published a tweet regarding being sued by Circle for infringement, and as a result, bonkguy's retweet caused a surge, peaking at 16M, currently reported at 3.8M.

7. @okxchinese will stop supporting the #ARC20 protocol starting from July 17th. Uni does not support it, and OKX does not support it either… It is completely over.

8. @Gate_zh's McDonald's stock depth is insufficient, encountering a 30U McDonald's, buying it means profit! It turns out to be in the spot market, I traded contracts all day and didn't see McDonald's stock. Someone sold it for 100U and successfully withdrew it, shaping the pattern of this wave!

9. @binancezh Alpha launched Space Nation (OIK) airdrop, you can get 750 tokens with just 140 points, the threshold is really low, and the rewards are really gone (snatched up in seconds, many people didn't get any)

10. Robinhood CEO stated that after launching the stock token platform, many private companies are looking to tokenize their shares.

Summary: Another day has passed like this, but fortunately, the market seems to have cooled down quite a bit. The pump is coming soon, and the draining of liquidity is seen as a common consensus. The tariffs are approaching the specified time, so news has come out again in the past few days. However, the market seems to have only reacted slightly, as everyone has gotten used to it. The next wave will depend on U.S. Treasury bonds.