Bitcoin Surges Above $118,000
On July 13th, based on HTX market data, Bitcoin experienced a rebound and surpassed $11,800, with a 0.04% increase in the past 24 hours.
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Next Week Macro Outlook: U.S. June CPI, PPI, and Retail Price Index
On July 13th, the key macroeconomic data to be released in the United States next week is as follows:
Tuesday 20:30, the US June CPI data and the July New York Fed Manufacturing Index;
Tuesday 21:15, Fed Governor Bauman gives welcoming remarks at a meeting hosted by the Fed;
Wednesday 00:45, Fed Governor Barr speaks at a meeting hosted by the Fed;
Wednesday 20:30, the US June PPI data;
Thursday 20:30, the US June Retail Sales M/M, the US Initial Jobless Claims up to July 12th, the July Philadelphia Fed Manufacturing Index, and the June Import Price Index M/M;
Friday 22:00, the US July 1-year Inflation Rate Expectation Preliminary Value and the US July University of Michigan Consumer Sentiment Index Preliminary Value.
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Analysis: Trump's New Tariff Threat Would Have a Negative Impact
On July 13th, analysts voiced concerns regarding the economic and diplomatic implications following President Trump's threat on Saturday to impose a 30% tariff on goods imported from Mexico and the EU starting from August 1st.
Mary Lovely, a senior fellow at the Peterson Institute for International Economics, cautioned that Trump's tariffs would ultimately result in price increases and job losses. Meanwhile, Alan Sykes from Stanford Law School expressed worries about whether the US would be regarded as a reliable party in future negotiations. (FX168)
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Backpack CEO: Coin Issuance Progressing Rapidly
July 13th. In response to the post by community KOL @hebi555 about "It may take a long time for BP to issue coins, so everyone be prepared for a marathon.", Backpack CEO Armani Ferrante replied, saying, "This is an exaggeration. Our progress is very fast. It is even faster than what you imagine."
Previously, Armani Ferrante had stated, "I can't provide an exact answer. Based on other successful token programs, it could be at most a year (we have 10 weeks in a quarter). We will flexibly adjust according to the progress of regulations. It may be shorter or a little longer, but I expect it not to exceed a year. However, I don't want to make any guarantees because these processes are both long and complex, involving many different parties."
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PENGU 24-hour Price Change Widens to 16%, Market Cap Rises to $1.614 Billion
On July 13th, based on HTX market data, the 24-hour price increase of PENGU has reached 16%. It is now trading at $0.02633, and the market capitalization has risen to $1.614 billion.
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「Insider Trader」 Increases Short Position on FARTCOIN, Liquidation Price $1.5856
On July 13th, according to the monitoring of crypto analyst AI Auntie ai_9684xtpa, the "Insider Trader" @qwatio increased their short position in FARTCOIN to $18.58 million. The first three positions were all short positions, with an overall unrealized gain of $547,000:
· 40x Short in BTC: Holding 1,273.58 coins, with a value of $150 million and an entry price of $117,828.8;
· 25x Short in ETH: Holding 33,742.74 coins, with a value of $99.74 million and an entry price of $2,966.63;
· 25x Short in FARTCOIN: Holding 15 million coins, with a value of $18.56 million and an entry price of $1.2543.
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