Bitget Daily Digest (7.10)｜Trump Sends New Tariff Letters, PUMP ICO Becomes Market Focus, $BTC Hits All-Time High

Today’s Preview

1. U.S. Initial Jobless Claims for the week ending July 5 will be released today (previous: 233,000)
2. FOMC releases minutes from the monetary policy meeting
3. Telegram founder Pavel Durov approved to leave France starting July 10
4. Thailand’s Khao Kheow Open Zoo celebrates the first birthday of pygmy hippo Moo Deng, with a four-day event July 10–13 at the hippo exhibit, announced by director Narongwit Chodchoy

Macro & Hot Topics

1. Trump issues new tariff letters to eight countries; Brazil faces a 50% tariff. On July 9, Trump posted tariff letters to eight world leaders, including Brazil, the Philippines, Brunei, Moldova, Algeria, Iraq, Libya, and Sri Lanka. Brazil will be hit with a 50% tariff; Libya, Iraq, Algeria, and Sri Lanka with 30%; Brunei and Moldova 25%; the Philippines 20%. These new rates take effect August 1. Trump has now sent tariff letters to 22 countries in total.
2. “Fed Whisperer”: Meeting minutes show three camps within the Fed. According to Nick Timiraos, the FOMC minutes confirm known divides: (1) Mainstream: expect rate cuts this year, but not in July; (2) Hold steady all year; (3) A minority support an immediate move. Minutes also note, “several participants said the current rate is not much above neutral.” In short, unless there’s a major slowdown, even if rate cuts begin, there may not be much room to lower further.
3. Pump.fun: PUMP ICO public sale launches July 12, 15% of tokens for sale. $PUMP’s first-ever ICO goes live July 12: 1 trillion total supply, 33% for ICO (18% to institutions, 15% public sale—same price and terms of $0.004 per token, all unlock on day one). Other allocations: 24% for community/ecosystem, 20% team, 2.4% eco fund, 2% foundation, 13% to current investors, 3% for streaming, 2.6% for liquidity and exchanges. Public sale starts July 12, 22:00 (UTC+8), ends July 15, 22:00 (UTC+8). KYC required; U.S. and U.K. users cannot participate. Tokens are transferable within 48–72 hours after sale ends.
4. BR project addresses inactive during crash; new dumping addresses traced to recent CEX withdrawals. Analyst reports show the main dumpers set up addresses two weeks prior, funded by CEX withdrawals June 24–28. The top-four dump address 0x58e8…d19F’s funds date back to 2017 and interacted with early exchanges. The official liquidity address still holds $4.685M and was last active July 7—no moves during the dump. The operation resembles the ZKJ collapse: instant liquidity pulls, mass dumping, multi-address cooperation.

Market Updates

5. FARTCOIN, PNUT, $XLM, $WLD, $BONK led perpetual net outflows—potential trading opportunities.

Institutional Views

News Updates

1. New Zealand to ban crypto ATMs, restrict crypto transfers in anti-money-laundering reform
2. White House trade adviser Navarro: Fed should cut rates in July
3. UK crypto users must disclose personal info starting 2026; £300 fine for non-compliance
4. Korea NTS: Overseas income in virtual assets must be reported as comprehensive income tax

Project Developments

1. Thumzup adds ETH, XRP, DOGE, and 3 other cryptos to its BTC treasury
2. Justin Sun pledges to buy $100M in TRUMP tokens
3. SEC confirms receipt of Bitwise spot BTC and ETH ETF “in-kind” redemption amendments
4. SEC delays decision on BlackRock’s spot ETH ETF redemption method
5. Donald Trump Jr. invested in Thumzup, a firm with crypto treasury reserves
6. GMX acknowledges V1 bug to hacker, offers a 10% white-hat bounty
7. $$BR briefly halved in price as 26 addresses pulled$$47.59M in liquidity within 100 seconds
8. Bitget led the past 24h in net inflows ($47.91M), followed by OKX and Deribit
9. BR project address had no moves during the crash
10. ZKSpace reportedly hacked for ~$4M worth of assets

X Highlights