Gate Daily (July 6): TRUMP coin nearly a million investors lose $381 million; Vitalik announces “Streamline Ethereum” reform

Daily Crypto News Project Progress On-Chain Data Macroeconomics

2026-07-06 01:29:36

ETH0.61%

BTC0.39%

MEME-1.12%

VVV-3.06%

Bitcoin(BTC)continueditsweakdecline,temporarilyreportedataround$108,880onJuly6.TheNewYorkTimesreportedthatapproximately1millioninvestorssufferedcumulativelossesof$3.81billionduetotheTRUMPmemecoin.VitalikButerinunveiled"PurgeEthereum,"a3-4yearphasedprojecttorebuildnearlyallcoreprotocolcomponents,definingitasthenetwork'sthirdmajorreform.---##MacroEvents&CryptoHighlights1.AccordingtostatisticsfromTheNewYorkTimes,asoftheendofJune2026,about1millioninvestorswhopurchasedtheTrumpmemecoin(TRUMP)sufferedcumulativelossesofapproximately$3.81billion,withmostretailinvestorsinalosspositionwhileprofessionaltradersperformedbetteroverall.ThereportstatedthatU.S.PresidentTrump'spreviouslydisclosedannualfinancialreportshowedheearnedapproximately$636millionfromtheTRUMPmemecoinprojectalonein2025.Sincehecontinuouslyprofitsfromtokentransactionfees,hecangeneraterevenuefromtradingactivityregardlessofwhetherthetokenpricerisesorfalls.ThereportalsonotedthatTrumprepeatedlypromotedthetokenonTruthSocialtoboostmarkettradingactivity.2.AccordingtoCryptopolitan,VitalikButerinunveiled"PurgeEthereum,"a3-4yearphasedprojecttorebuildnearlyallcoreprotocolcomponents,whichhecalledthenetwork'sbiggestredesignsincetheMerge.Theroadmapprioritizesquantum-safeupgrades,built-inprivacy,recursiveSTARKverification,andanewscalablestatemodel.TheplancomesastheEthereumFoundationcuts40%ofitsbudgetand20%ofitsstaff,whileETHtradesataround$1,760,downmorethan64%fromits2025peak.---##NewsUpdates1.NewYorkTimes:Nearly1millionMemecoinTRUMPinvestorsaccumulatedlossesof$3.81billionbytheendofJune2.Memecoins'shareofaltcoinmarketcaphasfallento3.7%,thelowestsinceFebruary20243.Analyst:Bitcoin'sSharperatiobrieflyfellbelow-20,extremebearishphasemaysignalbottomformation4.Analysis:Bitcoinminercyclepressurecompositeindexhitsanewlowfor2026andentershistoricalundervaluationzone5.UKReformPartyleaderFaragereportedlyfailedtodeclarecryptogamblingindustryfunding;donorwaspreviouslyconvictedoffraud6.NewMacmalwarePamStealerdisguisesasclipboardtooltostealpasswords7.DragonflypartnerHaseeb:VVV'snatureismisunderstood;Veniceisessentiallyacompany,notadecentralizednetworkoron-chainprotocol8.Analysis:AIcomputingpowermarketisshifting;capitalflowsfromstoragechipstocloudproviders9.Bloomberganalyst:JuneETFmarketsawcrazydata;bothcapitalinflowsandnewproductlauncheshitrecords---##MarketTrends1.LatestBitcoinnews:$BTC continuesweakdecline,temporarilyreportedataround$108,880;liquidationsof$61.28millioninthepast24hours,mainlyshortpositions.2.July4(U.S.IndependenceDay)fallsonaweekend;U.S.stockmarketswillbeclosed.

(Source:Gate)3.IntheGateBTC/USDTliquidationheatmap,basedonthecurrentpriceof63,693.70USDT,ifitdropstoaround$62,030,cumulativelongliquidationamountsexceed$492million;ifitrisestoaround$64,402,cumulativeshortliquidationamountsexceed$204million.Short-sideliquidationamountsaresignificantlylowerthanlong-side,suggestingproperleveragecontroltoavoidtriggeringlarge-scaleliquidationsamidmarketfluctuations.

(Source:Coinglass)4.Inthepast24hours,BTCspotinflowswere$1.02billion,outflowswere$1.02billion,withinflowsandoutflowsbalanced.

(Source:Coinglass)5.Inthepast24hours,contracttradingnetoutflowsledby$BTC,$ETH,$SOL,$USELESS,$HYPE ,presentingtradingopportunities.---##XKOLSelectedViewsPhyrexNi(@Phyrex_Ni):"Thisweekisfinallycomingtoanend.Thereisnoveryimportantmacroinformationnextweek.TheslightlymoreimportantoneshouldbetheFedmeetingminutes,butIpersonallythinkit'snotverymeaningful,astherehasalreadybeenaconflictbetweentheU.S.andIraninbetween.Speakingofconflict,let'stalkaboutWTI'strend.It'ssimilartowhatIexpected.Itwillbehardertogodownfurtheraround$68,especiallysincearound$65isalreadythepre-waraveragelevel.""Atthiscurrentprice,shortingWTIfurtherisnolongermeaningful.Goinglongisalsonotsuitablebecausethelongwindowmightberelativelyshort.Goinglongonoilislikebettingoninformation,perhapsaveryshortwindow,whichisnotworthit.SoIamnolongerwatchingoil,butIstillholdpositions,andit'snicetoearnsomefundingrateeveryday.""Nextweek,Iwillmainlystartlookingatgold,andthenDCAintotheS&PandNasdaq.Isharedalotofdatathisweekend.Retailinvestorsbuyingthedipwhentheindexfalls,Ithink,althoughitseemslikegoingagainstinstitutions,ifweassumealong-U.S.stance,itmaynotbewrong.Ofcourse,nextweekmainlydependsonwhetherAIandsemiconductorscontinuetopullbackwaitingforearningsorstabilizefirst.""Ihaveseentoomuchdatashowinginstitutionsandhedgefundsleavingtechstocks,sonextweekIwillbecautiouspersonally,focusingonwaitingfortheearningsseasoninlateJuly.""Bitcoinside:itwasstillvolatiletoday.The$63,000strikepricefortheMondaydualcurrencyexpiryisstillrisky.Actually,Idon'treallywantthispricetobeexercised,asitwasboughtatafairlylowprice,butifIdidn'tchoose$63,000,theyieldwouldhavebeentoolow.Iwasabitgreedy.However,tradingdualcurrencyshouldbebasedonagoldstandardtofeelmorecomfortable.""Startingnextweek,Iwillalsowritemoreoptionsmini-classes,hopingtohelpeveryone."---##Today'sOutlook1.EurozoneJuneProducerPriceIndex(YoY),previous4.9%2.EurozoneMayRetailSales(MoM),previous-0.4%3.EurozoneJuneRetailSales(MoM),previous-0.4%4.EurozoneMayProducerPriceIndex(YoY),previous4.9%5.U.S.JuneGlobalSupplyChainPressureIndex,previous1.77

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