According to reports, on July 8th, US President Trump instructed Treasury Secretary Vicente to terminate all trade with Spain, stating that he did not want any business dealings with Spain.

According to Reuters, the Reserve Bank of India is pushing for a policy that favors banning cryptocurrencies. （Cointelegraph）

Keiji Kanda, an economist at Daiwa Institute, stated that for every 10% depreciation of the Japanese yen against the US dollar in the past year, the net drag on Japan's real GDP growth was about 0.14 percentage points. Additionally, price transmission, Middle East tensions, Trump tariffs, and a decrease in Chinese tourists have suppressed the positive effects of the weakening of the yen. Currently, the exchange rate of the yen against the US dollar is hovering around 162.20.

Trader 0xSun stated that they have purchased ANSEM and NEST at market values of $280 million and $6 million, respectively. 0xSun believes that the on chain market driven by blknoiz06 is active in this round, with strong Meme coins appearing on Solana, BNB Chain, and Robinhood Chain, but the rotation pace is extremely fast. ANSEM has experienced a high point pullback of over 40%, and with Ansem continuing to speak out and about 60% of the chips still in circulation, the probability of a rebound is high; NEST has higher risk and greater elasticity, and its short-term trend is driven by market sentiment. 0xSun also believes that the cryptocurrency market is still suitable for small investors to expand their horizons with small funds.

Chinese concept stocks in the US stock market generally rose before the market opened, with Alibaba up 11%, Baidu up 6%, JD.com, Bilibili, and NetEase up 4%, and Ctrip, Ideal Auto, and NIO up 2%.