Bitget Daily Digest (7.9)｜Trump’s Truth Social Files for Crypto Blue Chip ETF; Grayscale Reveals Q2 Multi-Asset Fund Weights
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
Institutional Views
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
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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