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On July 6, the Argentine government announced on the 5th that it will not submit the reciprocal trade and investment agreement signed with the United States to Congress for approval in the short term. The Argentine government announced the signing of the reciprocal trade and investment agreement with the United States on February 5 of this year. According to the Argentine Constitution, treaties concluded by the government with other countries and international organizations must be approved by Congress. According to Argentine media TN Television, the government stated that a ruling issued by the U.S. Supreme Court in February determined that the U.S. International Emergency Economic Powers Act did not authorize the president to impose large-scale tariffs. This ruling limits the U.S. president's ability to fulfill commitments regarding tariffs and market access through executive orders, thereby affecting certain provisions related to market access in the Argentina-U.S. reciprocal trade and investment agreement. Consequently, the Argentine government has decided that the agreement will not enter the legislative agenda in the near future. (Xinhua News Agency)

[Argentina Delays Legislative Process for US Trade Agreement]On July 6, the Argentine government announced on the 5th that it will not submit the reciprocal trade and investment agreement signed with the United States to Congress for approval in the short term. The Argentine government announced the signing of the reciprocal trade and investment agreement with the United States on February 5 of this year. According to the Argentine Constitution, treaties concluded by the government with other countries and international organizations must be approved by Congress. According to Argentine media TN Television, the government stated that a ruling issued by the U.S. Supreme Court in February determined that the U.S. International Emergency Economic Powers Act did not authorize the president to impose large-scale tariffs. This ruling limits the U.S. president's ability to fulfill commitments regarding tariffs and market access through executive orders, thereby affecting certain provisions related to market access in the Argentina-U.S. reciprocal trade and investment agreement. Consequently, the Argentine government has decided that the agreement will not enter the legislative agenda in the near future. (Xinhua News Agency)

Argentina Delays Legislative Process for US Trade Agreement

Jiang Zhuoer stated on the X platform that Strategy has sold 3,588 bitcoins, cashing out approximately $216 million, marking the company's first significant reduction in holdings. He noted that with the company still holding about $2.55 billion in cash reserves, sufficient to cover 17.6 months of interest expenses, the decision to actively sell coins rather than finance through the issuance of common stock represents a significant shift from the 'never sell coins' strategy. Jiang Zhuoer believes this move may indicate an adjustment in the company's funding strategy and questioned whether selling BTC without replenishing positions would lead to a decrease in 'per share coin quantity.' He further speculated that the shareholders have likely approved the full sale of the 20,000 BTC, suggesting that Strategy may be using some of its bitcoins for phased capital allocation, which could even impact its long-term market narrative of 'continuously buying BTC'.

[Jiang Zhuoer: Strategy's Shareholders Have Likely Approved Full Sale of 20,000 BTC]Jiang Zhuoer stated on the X platform that Strategy has sold 3,588 bitcoins, cashing out approximately $216 million, marking the company's first significant reduction in holdings. He noted that with the company still holding about $2.55 billion in cash reserves, sufficient to cover 17.6 months of interest expenses, the decision to actively sell coins rather than finance through the issuance of common stock represents a significant shift from the 'never sell coins' strategy. Jiang Zhuoer believes this move may indicate an adjustment in the company's funding strategy and questioned whether selling BTC without replenishing positions would lead to a decrease in 'per share coin quantity.' He further speculated that the shareholders have likely approved the full sale of the 20,000 BTC, suggesting that Strategy may be using some of its bitcoins for phased capital allocation, which could even impact its long-term market narrative of 'continuously buying BTC'.

Jiang Zhuoer: Strategy's Shareholders Have Likely Approved Full Sale of 20,000 BTC

On July 6, spot gold fell below $4,130 per ounce, declining by 1.10% during the day.

[Spot Gold Falls Below $4,130]On July 6, spot gold fell below $4,130 per ounce, declining by 1.10% during the day.

Spot Gold Falls Below $4,130

U.S. Treasury yields continue to climb, with the 30-year Treasury yield surpassing 5% once more. (Jin Shi)

[U.S. Treasury Yields Continue to Rise, 30-Year Yield Exceeds 5% Again]U.S. Treasury yields continue to climb, with the 30-year Treasury yield surpassing 5% once more. (Jin Shi)

U.S. Treasury Yields Continue to Rise, 30-Year Yield Exceeds 5% Again

According to Reuters, President Trump stated that it is possible for Trump's account to contain Bitcoin when asked about it.

[President Trump: Trump's Account May Contain Bitcoin]According to Reuters, President Trump stated that it is possible for Trump's account to contain Bitcoin when asked about it.

President Trump: Trump's Account May Contain Bitcoin

On July 6, President Trump stated: I am a big fan of cryptocurrency.

[President Trump: I Am a Big Fan of Cryptocurrency]On July 6, President Trump stated: I am a big fan of cryptocurrency.

President Trump: I Am a Big Fan of Cryptocurrency

On July 6, Goldman Sachs stated that another pathway for AI entering the real world is through robots, autonomous devices, drones, and smart industrial equipment. Goldman Sachs refers to this as 'physical AI,' which presents challenges far greater than those of text generation models, as machines must not only understand language and images but also handle gravity, friction, materials, temperature, motion trajectories, and safety constraints. Humanoid robots are the most closely watched segment of the market. Goldman Sachs predicts that the global humanoid robot market will grow from approximately 20,000 units in 2025 to 1.4 million by 2035. The demand is driven by labor shortages: the U.S. manufacturing sector has about 13 million workers, with a gap of over 1 million positions in material handling. Goldman Sachs expects widespread commercial deployment of humanoid robots to occur between 2027 and 2029.

[Goldman Sachs: Global Humanoid Robot Market to Grow from 20,000 Units in 2025 to 1.4 Million by 2035]On July 6, Goldman Sachs stated that another pathway for AI entering the real world is through robots, autonomous devices, drones, and smart industrial equipment. Goldman Sachs refers to this as 'physical AI,' which presents challenges far greater than those of text generation models, as machines must not only understand language and images but also handle gravity, friction, materials, temperature, motion trajectories, and safety constraints. Humanoid robots are the most closely watched segment of the market. Goldman Sachs predicts that the global humanoid robot market will grow from approximately 20,000 units in 2025 to 1.4 million by 2035. The demand is driven by labor shortages: the U.S. manufacturing sector has about 13 million workers, with a gap of over 1 million positions in material handling. Goldman Sachs expects widespread commercial deployment of humanoid robots to occur between 2027 and 2029.

Goldman Sachs: Global Humanoid Robot Market to Grow from 20,000 Units in 2025 to 1.4 Million by 2035

According to monitoring by Lookonchain, today's net inflow for Bitcoin ETFs in the U.S. is 3,774 BTC, with a net outflow of 10,837 BTC over the past seven days; the net inflow for Ethereum ETFs is 498 ETH, with a net inflow of 15,393 ETH over the past seven days.

[Today's Bitcoin ETF Net Inflow in the U.S. Reaches 3,774 BTC, Ethereum ETF Net Inflow at 498 ETH]According to monitoring by Lookonchain, today's net inflow for Bitcoin ETFs in the U.S. is 3,774 BTC, with a net outflow of 10,837 BTC over the past seven days; the net inflow for Ethereum ETFs is 498 ETH, with a net inflow of 15,393 ETH over the past seven days.

Today's Bitcoin ETF Net Inflow in the U.S. Reaches 3,774 BTC, Ethereum ETF Net Inflow at 498 ETH

On July 6, according to data from CoinGlass, Bitcoin ETFs entered the holiday weekend with a positive trend. On July 2, these ETFs recorded a net inflow of $223.5 million, marking the first such influx since June 12. CoinGlass data indicates that Bitcoin performed relatively well over the holiday weekend, peaking at nearly $64,000, but trading prices fell below $62,000 this morning. Some pressure came from Michael Saylor's Strategy Inc. selling Bitcoin, although the market did receive some advance warning. Christopher Tahir from Exness noted in a report, 'The market's reaction may be more subdued than in the past following the company's recent policy launch.'

[Bitcoin ETF Records Net Inflow for the First Time in a Month]On July 6, according to data from CoinGlass, Bitcoin ETFs entered the holiday weekend with a positive trend. On July 2, these ETFs recorded a net inflow of $223.5 million, marking the first such influx since June 12. CoinGlass data indicates that Bitcoin performed relatively well over the holiday weekend, peaking at nearly $64,000, but trading prices fell below $62,000 this morning. Some pressure came from Michael Saylor's Strategy Inc. selling Bitcoin, although the market did receive some advance warning. Christopher Tahir from Exness noted in a report, 'The market's reaction may be more subdued than in the past following the company's recent policy launch.'

Bitcoin ETF Records Net Inflow for the First Time in a Month

On July 6, China Merchants Securities announced that it has recently received approval from the China Securities Regulatory Commission regarding the public issuance of corporate bonds to professional investors. The approval allows the company to issue bonds with a total face value not exceeding 70 billion yuan. This issuance must be conducted strictly in accordance with the prospectus submitted to the Shanghai Stock Exchange, and the approval is valid for 24 months from the date of registration. The company may issue the bonds in installments within this validity period.

[China Merchants Securities Approved for Public Issuance of Up to 70 Billion Yuan in Corporate Bonds]On July 6, China Merchants Securities announced that it has recently received approval from the China Securities Regulatory Commission regarding the public issuance of corporate bonds to professional investors. The approval allows the company to issue bonds with a total face value not exceeding 70 billion yuan. This issuance must be conducted strictly in accordance with the prospectus submitted to the Shanghai Stock Exchange, and the approval is valid for 24 months from the date of registration. The company may issue the bonds in installments within this validity period.

China Merchants Securities Approved for Public Issuance of Up to 70 Billion Yuan in Corporate Bonds

US CFTC Launches Broad Investigation into Polymarket, Is the Prediction Market Party Coming to an End?

How Collector Crypt Uses 'Recirculating Buybacks' to Create an Illusion of Growth

Nigel Farage faces questions over support from convicted crypto donor: Report

Selling at a Loss of $55 Million: MicroStrategy's Faith Reaches Its Interest Payment Date

Solana: How memecoins are driving the ‘SOL cycle’ narrative in H2

Ripple completes MiCA licensing as EU enters post-transition era

OUSD Fake Partnership Controversy? Stablecoins and the Credit Game of Giant Endorsements

Losing $55 Million to Sell Bitcoin, MicroStrategy's Faith Reaches Its Interest Payment Day

China Merchants Securities Approved for Public Issuance of Up to 70 Billion Yuan in Corporate Bonds

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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