Gate Daily: The US and China have initiated a new round of negotiations, and the US has reduced tariffs on the EU to 15%; SharpLink has once again made a large purchase of ETH; Strategy hints at buying BTC again.

Bitcoin (BTC) saw a rebound over the weekend, with the Asian early session today (28th) reporting around 119,419 USD. The global trade war has cooled down, with the tariffs imposed by the United States on the European Union reduced to 15%, and a new round of tariff negotiations has begun between China and the United States. SharpLink Gaming made a significant purchase of over 77,000 Ethereum (ETH) and staked them over the weekend. Michael Saylor has once again released a Strategy Bitcoin Holdings tracking message, and this week may reveal the increased holdings data.

Today's Outlook

1. UK July CBI Retail Sales Expectation Index, previous value -49

2. Chinese Vice Premier He Lifeng visited Sweden from July 27 to 30 for economic and trade talks with the US.

Macroeconomic Events & Crypto Circle Hotspots

1. Senior negotiators from China and the United States held talks in Stockholm on Monday to discuss the core long-term economic disputes of the trade war between the two countries, aiming to extend the ceasefire agreement and avoid significant tariff increases. China and the United States reached a preliminary agreement in June, ending weeks of escalating tariff confrontations. China must reach a lasting tariff agreement with the Trump administration by August 12. If no agreement is reached, global supply chains could face new turmoil due to tariffs exceeding 100%.

2. The United States and the European Union have reached a comprehensive trade agreement that imposes a 15% tariff on most goods, avoiding a transatlantic trade war that could disrupt global markets. This statement was made after a private meeting between U.S. President Donald Trump and European Commission President Ursula von der Leyen at Trump's Turnberry Golf Resort in Scotland on Sunday. "This has been a very interesting negotiation. I think it will be very beneficial for both sides," Trump told reporters. He also added that this "is a great deal for everyone... a massive agreement reached with many countries."

3. There are signs indicating that Strategy will continue to actively increase its holdings of Bitcoin, so the company may soon purchase Bitcoin again. Michael Saylor has once again released the company's portfolio tracking report, which is typically published ahead of Bitcoin purchasing activities. The latest data shows that Strategy holds 607,770 BTC, currently valued at approximately $7.18 billion. After a brief pause, the company has recently resumed its weekly buying pattern, having purchased over 4,000 BTC just last week. Previously, Strategy had purchased Bitcoin for 12 consecutive weeks, but paused for one week, breaking this pattern. Subsequently, the company made two more consecutive purchases, surpassing the threshold of 600,000 BTC.

Market Trend

1. $BTC experienced a Rebound over the weekend, currently reported at around 119,419 USD, with 39.31 million USD liquidated in the past 24 hours, mainly from short positions;

2. The US stock market added to its winning streak last Friday, with the S&P 500 index hitting a new historical high for the fifth consecutive day, while the Nasdaq also set a new closing record. The Dow Jones Industrial Average rose by 208.01 points, or 0.47%, closing at 44,901.92 points; the Nasdaq index increased by 50.36 points, or 0.24%, closing at 21,108.32 points; the S&P 500 index climbed by 25.29 points, or 0.4%, closing at 6,388.64 points; and the Philadelphia Semiconductor Index rose by 1.49 points, or 0.03%, closing at 5,645.86 points.

3. In the Gate BTC/USDT liquidation map, based on the current 119,608.20 USDT, if it falls to around 118,096 USD, the cumulative liquidation amount of long positions will exceed 122 million USD; if it rises to around 120,549 USD, the cumulative liquidation amount of short positions will exceed 170 million USD. The liquidation amount for shorts is significantly lower than that for longs, so it is recommended to reasonably control the leverage ratio to avoid triggering large-scale liquidations during market fluctuations.

(Source: Gate)

4. In the past 24 hours, BTC spot inflow was 1.46 billion USD, outflow was 1.26 billion USD, with a net inflow of 200 million USD.

(Source: Coinglass)

5. In the past 24 hours, contracts such as $DOGE, $XRP, $LTC, $1000BONK, and $ADA have seen net outflows, indicating trading opportunities.

(Source: Coinglass)

News Updates

1. SharpLink Gaming made a major purchase of over 77,000 ETH and staked it over the weekend.

2. Details of the 140 million yuan corruption case involving a short video platform in Beijing have been exposed: utilizing methods such as money laundering with virtual currency to transfer the illicit funds.

3. Firefox China business adjustment: Beijing Firefox will cease operations on September 29.

4. V2EX users expose recruitment projects hiding malware, suspected of stealing cryptocurrency assets.

5. Trump announces a trade agreement between the US and Europe: 15% tariff + $600 billion investment in the US

6. U.S. Secretary of Commerce Gina Raimondo: The tax deadline of August 1 will not be extended.

7. Director of the Office of Management and Budget Vought: Trump's only request to the Federal Reserve is to lower interest rates.

8. Vitalik retweeted: Ethereum will run for ten years without pause or maintenance, and it will never stop.

9. Data: Tokens such as SUI, ENA, OP will experience a large unlock next week, with SUI unlocking a value of approximately 188 million USD.

10. Michael Saylor once again released a strategy Bitcoin Holdings tracking message, and may reveal the increased holding data next week.

11. The U.S. Treasury accepts donations through Venmo and PayPal to pay off the national debt.

X KOL Selected Insights

Phyrex Ni (@Phyrex_Ni): "Originally, today was calm, and I couldn't find any suitable opportunities after a whole day of watching the trades. In the end, I chose to take profit around $118,300. Just five minutes after taking profit, the information about the extension of tariffs between the US and China for another 90 days was announced. I've mentioned this 100 times recently. The current focus of the game is on tariffs and monetary policy; we need to know about monetary policy, but we can only know about tariffs on Wednesday, and the tariffs now involve China and the EU. Looking back at Bitcoin's data, the trading volume over the weekend was extremely low, and investors have returned to a state of low selling, which is a good thing for $BTC; less selling means prices naturally stabilize. I suddenly realized that I'm still not sharp enough. In fact, when I saw the news, the market hadn't reacted yet, and the price of BTC was only around $118,500. If I had seen the news when the market hadn't reacted, the price of BTC was still around $118,500, I would have made a profit of $100. I still need to exercise more. The drop in trading volume naturally has no effect on support. Trump also said today that he will finalize tariffs with the EU, so we will wait and see. If the tariffs with the EU are really completed, I estimate there will be a spike; if no agreement is reached, the market may not be too optimistic."