Every Tuesday night is the most exhausting because I have to write the framework for the weekly report, so I often want to slack off on Tuesday's assignments. However, so much has happened in the last 24 hours that I don't even know how to slack off. Overall, here are the four major events of today.

First, the "Great Beautiful Act" passed the Senate with a crucial vote from Manchin, but because the versions in the Senate and the House are different, it needs to be revised again. After both sides reach an agreement, the process will be repeated.

Additionally, Trump and Musk have had another argument over the "Great Beautiful Act," and this time Musk seems to have genuinely angered Trump. Trump has made some very strong remarks against Musk. Relatively speaking, Musk is currently in a weaker position because both SpaceX and Starlink rely on support from the U.S. government.

The third event is Powell's speech and Trump's renewed attack on Powell. Overall, Powell did not clearly support a rate cut in July, but he is slightly more open to a rate cut in September. Trump directly called Powell an idiot and plans to announce the successor to the Federal Reserve Chair next week.

Finally, the SEC is preparing to propose a universal listing standard for token spot ETFs to simplify the approval process. It outlines in detail what issuers need to include in their filings, from how to calculate net asset value and select benchmarks to custody practices, service provider agreements, governance structures, and potential conflicts of interest. This statement indicates that the SEC is laying the groundwork for more structured regulation of crypto products.

This doesn't even include other miscellaneous small matters. In short, the last 24 hours have been very complex. I also opened a position, expecting that the argument between Trump and Musk won't cause long-term damage to the market. Whether that is correct will be seen in the next couple of days.

I won't say too much about the $BTC data. Although there has been some price fluctuation, it hasn't triggered panic in the market. The market's turnover rate is also not high, and there hasn't been much change in support levels. Mainly, investors do not believe that the renewed argument between Trump and Musk poses significant risks; instead, they have certain expectations regarding the "Great Beautiful Act" and have not yet seen systemic risks.

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。