News

According to a report by Jinse Finance citing The Block, Vetle Lunde, Head of Research at K33, stated that although July is filled with potential "Trump trade" volatility—including the budget bill, decisions on tariffs following the end of the trade suspension, and deadlines for crypto policies related to executive orders—cryptocurrency trading activity in July may once again remain subdued, continuing another calm summer. It is reported that the 90-day tariff suspension will end on July 9, which could prompt Trump to take new trade measures against certain countries. As seen earlier this year, tariff uncertainty often dampens market momentum and may pose resistance to Bitcoin's price movement in the coming weeks.

According to a report by The Block cited by Jinse Finance, Thesis, a venture capital firm focused on the Bitcoin ecosystem, has acquired the Bitcoin rewards platform Lolli to integrate it into its broader ecosystem. The specific terms and amount of the deal have not been disclosed. Thesis previously incubated the Bitcoin rewards platform Fold, which later spun off as an independent company. In July 2024, Fold reached a special purpose acquisition company (SPAC) merger with FTAC Emerald Acquisition Corp. and was subsequently listed on an exchange in February under the ticker symbol FLD.