Diao Daming, a professor at the School of International Relations of Renmin University of China, said that Musk announced the establishment of the so-called "American Party", which needs to meet the basic requirements of the US federal government for the establishment of a new political party. These requirements include two main aspects: first, there must be enough party members and supporters; second, a certain amount of funds is required. After meeting these conditions, it is necessary to register with the US Election Commission. Only after successful registration can this political party be officially established. At the same time, if this newly established political party wants to participate in elections in various states in the future, it also needs to meet different requirements in each state. The most basic requirement is to collect a certain number of signatures of voters in each state, generally tens of thousands, to prove that this political party has a certain political influence in that state before it can participate in the election in that state. With Musk's vast resources and organizational structure, solving these procedural problems is not difficult. (CCTV News)

On July 6th, it was reported by multiple American media outlets that Elon Musk is brewing an action that could reshape the political landscape of the United States. It is reported that he is pushing for the creation of a new political party called the "American Party". Different from the traditional national layout of third parties, Musk plans to focus on 2 to 3 Senate seats and 8 to 10 House seats, targeting key districts where victory is on a knife-edge.

according to on-chain analyst @ai_9684xtpa monitoring, the suspected collateral and validation service provider Arthapala's address has recharged 5850 ETH to major trading platforms again in the past 5 hours, worth 14.73 million US dollars.

Lloyds Bank believes that the minutes of the June meeting of the Federal Reserve to be released next Wednesday are expected to not change the market's expectation of keeping interest rates unchanged at the July meeting, with a rate adjustment more likely in September. The Fed's dot plot still expects two rate cuts this year, but there is a clear division among policymakers, ranging from three rate cuts to no change.

Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, said on the 6th that Hong Kong stocks rose by 18% last year, and the momentum will continue to be positive towards 2025. The number of cases applying for IPOs in Hong Kong is rapidly increasing, with fundraising in the first half of the year exceeding HK$107 billion, an increase of about 22% compared to the full year of last year, temporarily ranking first in the world. Chan said that during the recent rise in Hong Kong stocks, funds mainly favored technology stocks, driving a significant increase in trading of derivative products related to technology stocks. "Exchange Traded Products" (ETPs) linked to different types of assets have become a strong force supporting the liquidity of Hong Kong stocks in recent years, effectively playing a role in buffering liquidity during market fluctuations.

according to Cointelegraph, Ethereum co-founder Vitalik Buterin and Ethereum researcher Toni Wahrstätter jointly wrote proposal EIP-7983, which proposes to set the Gas limit for a single Ethereum transaction to 16.77 million.

according to Hong Kong media Hong Kong Commercial Daily, the second largest stablecoin issuer in the world, Circle, was listed on the New York Stock Exchange on June 5th, with a more than 5-fold increase in just over a month. It is reported that Everbright Holdings became a shareholder of Circle in 2016, and Huaxing Capital invested in Circle in 2018. Analysis points out that the "iPhone moment" of stablecoins is rapidly approaching investors at a visible speed, and it is widely believed that stablecoins are expected to reshape the global payment and financial landscape.

Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), once again posted information about the Bitcoin Tracker on X platform, this time writing: "Sometimes all you need to do is HODL." Typically, the day after he posts information about the Bitcoin Tracker, he will disclose Strategy's Bitcoin holdings data.

 Musk posted on the social platform X on the 6th, saying, "When and where should we hold the first representative conference of the 'American Party'? This will be very interesting!" Earlier, due to dissatisfaction with Trump's "big and beautiful" bill, Musk announced the establishment of the "American Party" on the 5th, attracting attention. According to the American "New York Times", an informed source revealed that Musk has recently discussed plans to establish a new political party with friends in the past few days.

Binance has released performance data for the June Alpha airdrop projects. The data shows that some projects have achieved significant returns on the first day of airdrop and at the all-time high (ATH). For example:

according to Reuters, the U.S. government on Wednesday (July 2) local time sent a letter to the two major U.S. ethane producers and exporters, Enterprise Products Partners and Energy Transfer, revoking a restrictive licensing requirement implemented several weeks ago, clearing the way for the resumption of ethane exports to China. The report said this is a signal of a truce in the trade war between the U.S. and China. The report also stated that after the restrictions were lifted, 8 ships have already sailed to China. 

according to information from the Axiom platform, the Solana ecosystem token issuance platform Letsbonk.Fun had a trading volume of 1.07 billion US dollars in the past 24 hours, surpassing pump.fun's 1.04 billion US dollars, ranking first.

according to Decrypt, Australian cryptocurrency billionaire Tim Heath successfully escaped a carefully planned kidnapping attempt by biting off the attacker's finger. According to testimony in an Estonian court last week, the attacker disguised himself as a painter, using a GPS tracker and disposable phone to monitor Heath's movements. Heath has since invested about 2.7 million euros to enhance his personal security.

 ETP issuer Valour announced the launch of 8 cryptocurrency exchange-traded products (ETPs) priced in Swedish Krona on the Spotlight stock market in Sweden, covering Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB, Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB), and Stacks (STX). It is reported that each product provides regulated, exchange-traded underlying assets, with a management fee of 1.9%.

according to The Wall Street Journal, on Wednesday night local time, Republican leaders in the U.S. House of Representatives faced a setback on the Trump tax and spending bill, as the party's slim majority once again created a dramatic last-minute event on Capitol Hill. Four Republican lawmakers - Keith Self, Victoria Spartz, Andrew Clyde, and Brian Fitzpatrick - joined Democrats in voting against the procedural "rule" vote, at least for now preventing Republicans from moving to the final passage stage. The procedural vote lasted into the late night, lasting over 7 hours, reportedly the longest voting time in the history of the House of Representatives. (Jinshi)

US Vice President Pence: The "big and beautiful law" gives the President the resources and power needed to reverse the situation of border out of control during the Biden period. It must pass. 

according to official sources, the Backpack Season 2 points activity has officially started.

data provided by Bloomberg ETF analyst Eric Balchunas shows that the first Solana staking ETF (REX-OSPREY SOLANA ETF) SSK had a trading volume of $33 million yesterday, far outperforming Solana futures ETFs and XRP futures ETFs as well as the average performance of regular ETFs, but still below the trading volume levels of Bitcoin and Ethereum spot ETFs. Earlier news, REX-OSPREY SOLANA ETF has officially launched.

according to the official announcement, in order to enhance the trading experience of spot API users, WebSockets Streams will be upgraded on July 8, 2025 at 15:00 (Beijing time). During the upgrade period, existing and new connections may be disconnected earlier than the usual 24 hours. The upgrade process may take up to 2 hours.