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BiyaPay Analyst: Tesla Drops 7%, Musk Forms "American Party," Completely Offends Trump

6 hours ago

On July 8th, Tesla's stock price declined by 7%. One of the reasons was the political disagreement with Trump. Musk announced the establishment of the "American Party", which indicated a complete break in his political alliance with Trump. This change was directly triggered by Musk's intense conflict with Trump over the "Big Beautiful Act". This act is expected to further increase U.S. debt, and Musk strongly opposes this proposition. Musk's "American Party" plans to participate in the 2026 midterm elections. The aim is to influence congressional decisions by competing for a few key seats. It adopts a strategy different from traditional parties, focusing on 2-3 Senate seats and 8-10 House districts. Musk's political ideology includes reducing debt spending, promoting the development of AI technology, and relaxing regulations, etc., aiming to address public dissatisfaction with current policies. Meanwhile, Tesla is facing several challenges. For example, older versions of Tesla models may not be able to use the Full Self-Driving (FSD) feature and are facing a collective lawsuit in the Chinese market. Owners are demanding refunds of FSD fees or hardware upgrades for their vehicles, which may cost Tesla billions in refunds or upgrade expenses. For investors, this series of events undoubtedly affected market sentiment. As for BiyaPay users, the platform offers USDT trading services for U.S. and Hong Kong stocks. This enables users to conveniently participate in the global stock market without the need for an offshore account and allows real-time stock trading. Through BiyaPay, users can enjoy zero transaction fees for spot and contract trading and leverage the platform's efficient and transparent trading system to better cope with market fluctuations.
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SharpLink Gaming has accumulated $5.362 billion worth of Ethereum.

On July 9th, according to Arkham's disclosure, SharpLink Gaming has currently amassed more than $5 billion worth of Ethereum. The company currently holds a total of $5.362 billion worth of ETH and stakes it on two major platforms, Liquid Collective and Figment: · $4.7 billion worth of ETH is staked in the form of lsETH on Liquid Collective; · In addition, they have also sent 25,312 ETH to Figment validators for staking. Currently, this is valued at approximately $66.19 million (this portion is not included in the main entity disclosure and does not include staking rewards).

24 minutes ago

U.S. Secretary of Commerce: Expecting to Send Out 15 to 20 Trade Notices in the Next Two Days

On July 9th, the U.S. Commerce Secretary Raimondo declared that a large number of countries have put forward the proposal to open their markets. "I anticipate sending out 15 to 20 trade letters within the next two days." Trump aims to impose a 50% tariff on copper in order to bring copper production back to the domestic market.

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In the last 1 hour, the entire network has witnessed a liquidation of $86.4389 million, with the largest single liquidation being a short position.

On July 9th, according to Coinglass data, within the past 1 hour, the total liquidation across the network reached $86.4389 million. The long liquidations amounted to $26.9753 million, while the short liquidations totaled $59.4636 million.

24 minutes ago

PNUT posts nearly 6% short-term gain, reaching a market capitalization of $2.19 billion

On July 9th, perhaps due to the "Musk mentioning Peanut in a tweet" news, PNUT saw a brief surge of nearly 6%, with its market capitalization reaching $219 million.

24 minutes ago

Trump: Powell Should 'Resign Immediately' If He Misled Congress

July 9th. On Tuesday, US President Trump stated at a cabinet meeting that if the allegations regarding the Fed Chair Powell's misleading of Congress regarding the renovation project at the Federal Reserve headquarters are accurate, the Fed Chair should "resign immediately." Trump once again criticized Powell, referring to him as "terrible." He told reporters that deceiving Congress would be a sufficient reason for immediate resignation. "Then he should resign immediately," Trump said. "We need someone who will lower interest rates." Trump continued to criticize Powell's policy of keeping interest rates unchanged. Last month, he even stated that he would select a successor who supports rate cuts. Previously, the media exposed cost overruns and luxurious upgrades in the renovation project of the Federal Reserve headquarters. Powell recently refuted these reports during a Senate hearing, stating that they were "misleading and inaccurate in many aspects." (Golden Finance)

24 minutes ago

Trump Plans to Impose 50% Tariffs on Imported Copper, Prompting a Sharp Rise in Copper Prices

On July 9th. During a cabinet meeting held on Tuesday, U.S. President Trump informed reporters that there are more trade agreements on the horizon, specifically in the form of letters stipulating unilateral tax rates by the United States. "These agreements are essentially me making requests to them," Trump said. "The numbers we have determined are both low and fair." Trump further added that the U.S. will impose a 50% new tariff on imported copper. "Today, we are focusing on copper. I believe we will set the copper tariff at 50%." In response, New York copper futures surged, with an intraday gain expanding to 17% at one point. Moreover, Trump stated that the U.S. will soon impose tariffs of up to 200% on drugs. However, before the tariffs come into effect, companies will have a period of one and a half years to adjust their supply chains. Trump also mentioned that he will soon announce tariffs on semiconductors, but he did not specify the tariff level or the date. (Golden Finance)

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