Gate Daily: Bitcoin lost $115,000, Trump announced the latest global minimum tariffs, SEC announced a "crypto plan" to rewrite token rules, and the price of Bitcoin (BTC) retraced further, temporarily trading at around $114,950 during Asian hours today (1). Ahead of the deadline, U.S. President Donald Trump announced the maintenance of the world's minimum tariff of 10%, with tariffs ranging from 10% to 41% for multiple trading partners. The U.S. Securities and Exchange Commission (SEC) launched the "Crypto Program" to rewrite the rules for digital assets. Strategy announced a $4.2 billion additional STRC share offering, which will be used for Bitcoin acquisitions and more. Today's preview1, Australia's Q2 producer price index (y/y), prior's 3.7%2, France's final Markit/CDAF manufacturing PMI (July) from 48.43 previously, Germany's final Markit/BME manufacturing PMI (July) from 49.24 previously, Eurozone's July Markit final manufacturing PMI from 49.85, UK's July Markit/CIPS manufacturing PMI , the previous value was 48.26, Eurozone preliminary consumer price index (y/y) in July, the previous value was 2.0%7, the Eurozone preliminary consumer price index (m/m) in July, the previous value was 0.3%8, the US unemployment rate in July, the previous value was 4.1%9, the US seasonally adjusted nonfarm payrolls change (thousands) in July, the previous value was 14710, the US construction spending (m/m) in June, the previous value was -0.3%11, the US ISM manufacturing PMI in July, the previous value was 49.012, the United States The final value of the University of Michigan consumer sentiment index in July, the previous value was 61.8 macro events & hot spots in the currency circle 1, the White House announced that US President Trump will maintain the global minimum tariff of 10%, while imports to US trade surplus countries will face tariffs of 15% or more. Trump signed an executive order establishing "reciprocal tariff" rates for a number of countries and territories, ranging from 10% to 41%. For EU countries, if the current tariff on goods is less than 15%, it will be made up to 15%; Anything above 15% will not be appended. The White House said it would impose a 39% tariff on Swiss goods. The tariff rate on Pakistan is 19%. A 19% duty will be levied on Malaysian goods; A 20% tariff is imposed on Vietnam. A 20% tariff is imposed on Bangladesh. A 15% tariff is imposed on Israel. Also, increase the Canadian tariff from 25% to 35%, with higher tariffs coming into effect on August 1, 2025 (local time). 2. The U.S. Securities and Exchange Commission (SEC) will launch a full-committee program called Project Crypto to update securities rules based on blockchain activities and help the U.S. market shift to an "on-chain" model. Chair Paul Atkins said in a July 31 speech at the America First Policy Institute that the initiative will implement the recommendations made in the President's Task Force (PWG) report released this week and build on the federal payments stablecoin framework of the new GENIUS Act. He stressed that these remarks represent only his personal views and do not necessarily represent the views of the body or other members. 3. According to the Ethereum Foundation blog, Ethereum celebrated its 10th anniversary yesterday, and today officially released the "lean Ethereum" vision as a blueprint and personal mission for the next ten years. This vision emphasizes the core of next-generation cryptography, taking into account extreme performance, security and decentralization, and proposes a dual-track strategy of "fortress mode" and "beast mode" to promote Ethereum as the cornerstone of the Internet of Value. The upgrade covers three sub-layers: the consensus layer, the data layer, and the execution layer, and is committed to achieving dual breakthroughs in performance and security, while responding to future threats such as quantum computing. According to the Foundation, "lean Ethereum" is not only a technical upgrade, but also a manifestation of minimalism and craftsmanship, aiming to build an indestructible Ethereum network for future generations. The market trend 1 and $BTC further retraced, temporarily trading at around $114,950, with a liquidation of $81.73 million in the past 24 hours, and the main explosion of long orders; 2. The U.S. stock market fell on Thursday (July 31), with the Dow Jones down 330.30 points, or 0.74%, at 44130.98; The S&P 500 fell 0.37%, losing for the third straight session, the Nasdaq edged down 0.03%, the Philadelphia Semiconductor Index fell 3.10%, and the TSMC ADR fell 0.53% to close at $241.62. 3. In the Gate BTC/USDT liquidation map, based on the current 115,836.30 USDT, if it falls to around $115,606, the cumulative liquidation amount of long orders will exceed $438 million. If it rises to around $119,702, the cumulative amount of short orders cleared will exceed $619 million. The liquidation amount of the short side is significantly higher than that of the long side, so it is recommended to reasonably control the leverage ratio to avoid triggering large-scale liquidation in market changes. (Source: Gate) 4. In the past 24 hours, BTC spot inflows were $2.24 billion, outflows were $2.40 billion, and net outflows were $160 million. (Source: Coinglass) 5. In the past 24 hours, $ETH, $BTC, $SOL, $XRP, $SUI and other contracts have led the net outflow, and there are trading opportunities. (Source: Coinglass)News1、PumpFun registers a subdomain, or will launch a transaction fee dashboard or incentive mechanism2、Apple is increasing investment in artificial intelligence with Q3 revenue of $94.04 billion in fiscal year 20253、A new wallet received another 23,314 ETH from Galaxy Digital, worth about $88.27 million4、Mill City Ventures successfully completed a $450 million private placement and launched SUI Treasury Strategy5, Trump identifies tariffs ranging from 10% to 41% for multiple trading partners6, SEC Chairman unveils major moves to accommodate cryptocurrency development7, White House: 39% tariffs on Swiss goods, Canadian tariffs from 25% to 35%8, Puffer Finance announces that Puffer UniFi AVS has now been upgraded to offer millisecond transactions9, "Ancient Whale that has been sleeping for 14.5 years and has held 3,963 BTC" has sold 180 BTC again BTC10, Trump's second son's stake in American Bitcoin may be worth $367 million11, Tether: The total holdings of U.S. Treasury bonds have exceeded $127 billion, and the net profit in Q2 is about $4.9 billion12, Strategy announced a $4.2 billion STRC stock issuance plan, and Q2 achieved operating income of $14 billion and a net profit of $10 billion13, The Ethereum Foundation announced its vision of "lean Ethereum", Embark on a new journey in the next decade X KOL Featured Views Phyrex Ni (@Phyrex_Ni): "Today's homework is handed in early, after all, it is not difficult to write. Although the PCE data was released, as expected, even if the data is not good, the pressure on the market is very short-term, because the current macro data is not very useful for the market, not that the macro data is not important, but any data now may not stop Trump from cutting interest rates. The more dissatisfied Trump releases with Powell in the media, the higher the market's desensitization to macro data, good data that can support interest rate cuts is good data, and data that can't support interest rate cuts is also good data, and the more stubborn Powell is, the stronger the counterattack from Trump will be. That's why the probability of the Fed not cutting rates in September has risen to 61% after the PCE data, but the market is still singing and dancing. For example, tomorrow's unemployment rate data, if this data rises, it will increase the market's expectations for the Fed to cut interest rates, which is good data, and if this data falls, the market will not be too worried about the determination of the Federal Reserve to cut interest rates, because it is Trump who is more worried, and we will know tomorrow. Today at around $118,500, I took profit 80% of the 29th and 30th long orders, and the remaining 20% will be seen first, and I will review when this order is fully closed. Looking back at Bitcoin's data, the turnover rate is further decreasing, although there are more macro data in the last two days, and the market amplitude is larger, but the decrease in turnover shows that the current data has less and less impact on investors, although the FOMO sentiment is almost gone, but the sell-off is not the main choice for current investors. Compared to tomorrow's unemployment rate, the earnings reports of $MSTR and $Coin will have an earlier impact on the market after the close of trading today, and both the price of $BTC and the market activity in the second quarter are higher than those in the first quarter, so the earnings reports of MSTR and Coin should be better than the first quarter, and there may be positive feedback for the market."