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

July 9th. As per Blockworks, Eigen Labs has declared a workforce reduction of around 25% (29 employees) while it redirects its focus towards EigenCloud. EigenCloud, which was launched in the previous month, is a developer platform concentrating on off-chain and on-chain validation. a16z has made an announcement of a $70 million investment in the company, raising its total fundraising to $220 million, which includes $50 million from its Series A funding round in 2023.

On July 9th, Phantom made an announcement about the direct launch of perpetual contract trading functionality within the Web3 wallet. This is supported by Hyperliquid. Initially, it is targeted at EU customers. The product utilizes a permissionless integration with the Hyperliquid API to access the market. Eligible users can directly trade perpetual contracts within the Web3 wallet while maintaining non-custodial control over their positions. The user experience is similar to Phantom's core interface with an intuitive extension. It offers up to 40x leverage, stop-loss, take-profit, and real-time alerts.

On July 9th, Trump posted on Truth Social and said that the next morning (in EDT), he will be releasing trade-related matters regarding at least 7 countries. In the afternoon, more countries will be followed.

On July 9th, based on market information, the U.S. stock market closed with a mixed performance. The Dow dropped by 0.37%, the Nasdaq rose by 0.03%, and the S&P 500 decreased by 0.07%. Some crypto-related stocks showed good performance, including: MicroStrategy (MSTR) increased by 0.32%, with a trading volume of $2.776 billion; MARA Holdings (MARA) rose by 4.6%, with a trading volume of $0.588 billion; BTCS rose by 111.07%, with a trading volume of $6.89 billion. It announced yesterday its plan to raise $100 million for the acquisition of Ethereum; Bit Digital (BTBT) rose by 7.47%, with a trading volume of $4.97 billion. It previously announced the sale of BTC to increase ETH holdings; SharpLink Gaming (SBET) rose by 28.57%, with a trading volume of $8.15 billion. It has cumulatively purchased $536.2 million worth of Ethereum; Upexi (UPXI) rose by 26.69%, with a trading volume of $36.67 million. It holds more than 735,000 SOL coins and is also seeking to enter the tokenized equit

On July 9th, President Trump of the United States stated that he might send a letter within two days to the European Union, revealing the tariff rates applicable to goods exported from the EU to the US. Trump stated at a Cabinet meeting held at the White House that the EU's attitude towards the United States has been "very friendly" in recent trade negotiations. (FX168)

On July 9th, US President Trump declared, "The latest research conducted by the White House Council of Economic Advisers (CEA) indicates that the tariff policy has no impact on inflation. The research data shows that import prices are continuously declining - this firmly confirms my previous prediction." Those false news media and so-called "experts" have once again been proven wrong by the facts! Tariffs are bringing prosperity to our country. Many new factories, jobs, and trillions of dollars in investment are flowing into the United States. Someone should present this new study to "Mr. Too Late" Jerome Powell, who has been whining like a baby for months about non-existent inflation and has been reluctant to take the right action. Jerome, now is the time to cut interest rates! (FXStreet)