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According to market news, Binance founder Zhao Changpeng recently attended the Bitcoin Asia Conference 2026 in Hong Kong, and in an exclusive interview, he discussed his autobiography "Binance Life," his experiences in prison, and Binance's $4.3 billion fine.He revealed that most of the initial draft of the autobiography was completed while he was in prison, constrained by the conditions of using a computer for only 15 minutes at a time and being unable to copy and paste, so he could only write during fragmented moments.

The latest survey by the National Institute on Retirement Security (NIRS) shows that 77% of Americans believe that cryptocurrencies in workplace retirement plans are risky, with 46% considering the risk to be extremely high, and 53% opposing employers offering cryptocurrencies as an investment option. The survey was conducted by Greenwald Research from October 24 to November 14, 2025, with a sample of 1,203 Americans aged 25 and older.The survey also revealed that 80% of respondents believe the U.S. is facing a retirement crisis, up from 67% in 2020; 61% expressed concern about achieving financial security in retirement, 68% believe it is becoming more difficult to prepare for retirement, and 77% stated that debt hinders adequate savings. Meanwhile, the Trump administration and federal regulators are pushing to expand access to alternative assets in retirement accounts.In May 2025, the U.S. Department of Labor rescinded previous guidance urging 401(k) fiduciaries to exercise "extreme caution" regarding cryptocurrency investments. Trump signed an executive order on August 7, 2025, directing the Department of Labor and the SEC to consider easing regulations. In March 2026, the Department of Labor proposed a draft rule allowing 401(k) plans to include alternative assets, but faced opposition from Senators Bernie Sanders, Elizabeth Warren, and others.

The signals sent by the bond market to Treasury Secretary Basant in recent days indicate that one cannot simply sweep the $40 trillion U.S. national debt under the rug and pretend nothing is wrong. Basant announced plans to increase the scale of long-term Treasury buybacks this fall, promising to utilize the Treasury's vast "toolbox" to support the market, and mentioned upcoming measures to curb the ever-expanding U.S. debt burden.John Arnold, former Enron energy trader, billionaire, and founder of the Arnold Ventures charity, stated that the turmoil in the bond market this summer may ultimately just be "another quickly settled episode," but the greater concern is that the lack of change in the U.S. fiscal situation will persist until it ultimately triggers a crisis.Tracy Chen, global portfolio manager at Brandywine Global, expressed that she feels very anxious because Basant has failed to rein in long-term Treasury yields. The performance of the bond market indicates that bond vigilantes still do not trust him. Basant needs to do more to convince investors that the Trump administration is taking U.S. fiscal issues seriously, but discussing tax increases or austerity measures to boost revenue before the midterm elections in November will be unpopular.

Duan Yongping responded on Xueqiu regarding the recent changes in his holdings of Pop Mart, stating that he has "never directly sold a single share of Pop Mart." The changes in his holdings mainly come from options trading and expiration exercises, and do not indicate a long-term bearish view on Pop Mart.Duan Yongping mentioned that when the position of selling puts approaches the limit, he will adopt the strategy of "buying stocks + selling calls." After expiration, if the stocks are called away, it is essentially a similar trading strategy to selling puts that are exercised at expiration. Currently, the options premium for Pop Mart is about 5% per month, and this strategy may continue to be used for a longer period in the future.Regarding the valuation of Pop Mart, Duan Yongping stated, "Currently, I believe the price of Pop Mart is not expensive in the long term, but I don't know about the short term." He emphasized that there is no specific time or price set for selling Pop Mart, and it may be a long time before that happens.

According to Forbes' real-time billionaire rankings, Justin Sun surpassed Wang Jianlin with an asset worth $8.5 billion compared to Wang's $4.4 billion.In response, Justin Sun stated, "There are no waves, only awakenings. Wang Jianlin was once the god of versions, just as I was an unbelievable young person. The cruelest part of version updates is that those at the peak are always the last to notice.So if today a young person tells me something I don't understand, or even something I want to mock, I find it hard to have the same confidence as Wang Sicong. I would serve him a cup of tea and listen to him talk about his world. Because arrogance is always the first asset to be liquidated. We can never predict the future, but believing in young people is always right."In 2019, after Justin Sun purchased a charity lunch with Buffett for about 31.54 million yuan, Wang Sicong shared related articles on his social media with a mocking caption.

According to Jinshi reports, Federal Reserve official Daly stated that he does not believe the labor market will bring significant inflationary pressure.

According to a report by Reuters, informed sources revealed that the PayPal board believes the $53 billion acquisition offer from competitor Stripe and Advent International undervalues the company and faces regulatory and financing hurdles. The sources stated that PayPal has not formally responded yet, and the board is evaluating the trade-offs between the offer and the management's strategy to turn around the company, initially considering that the offer of $60.5 per share, while a premium over recent stock prices, does not fully reflect the company's future potential.The acquirers have secured approximately $50 billion in financing commitments from JPMorgan and Morgan Stanley, along with $17 billion in equity raised by Stripe and Advent, to support the $53 billion acquisition offer. If antitrust regulations are violated, the acquirers have considered remedies such as divesting the Braintree business to Advent. Block was initially involved but withdrew before the latest offer submission. Investors will be paying attention to PayPal's earnings report on July 28.

On the 8th, U.S. President Trump said at the NATO summit that he believes the U.S.-Iran memorandum of understanding "has ended."

According to Bitcoin.com, the Central Bank of Brazil stated at a congressional hearing that stablecoins have the attributes of payment tools and should be classified as electronic money instruments rather than general digital assets, thus falling under a stricter regulatory framework.The Brazilian Association of Crypto Economy opposed this, arguing that such classification could lead to regulatory conflicts, hinder the application of stablecoins in institutional and retail markets, and divert Brazil from international regulatory trends. Meanwhile, the Central Bank of Brazil has recently increased regulatory requirements for virtual asset service providers, which may put pressure on the operations of small and medium-sized crypto institutions.

According to Jinshi reports, a survey by Invesco shows that 61% of central banks believe that the level of U.S. debt has a negative impact on the long-term status of the dollar as a reserve asset.

Du Jun from ABCDE Lianchuang stated that over the years of twists and turns, the crypto field has returned to the payment narrative in the Bitcoin white paper. He will continue to invest in the crypto field and still believes that blockchain will eventually reconstruct financial infrastructure.

According to Jinshi reports, the chart in the Federal Reserve's economic outlook shows that most FOMC participants believe there is a high level of uncertainty regarding the unemployment rate, with risks roughly balanced. Compared to the predictions in March, the current majority of participants believe the uncertainty is high, with risks tilted to the upside.

CryptoQuant analyst Axel Adler Jr. stated that the Bitcoin Sell-Side Risk Ratio (SSRR) entered the red zone for the first time when BTC dropped to $60,000, with the volume of losses exceeding the volume of profits, reflecting the deep pressure on holders. Historically, when this indicator enters the red zone, it often coincides with the formation of a bottom.Meanwhile, the CVDD valuation model shows that the structural bottom is around $48,300, a level that has almost never been closed below in Bitcoin's history. Currently, Bitcoin has rebounded to $66,000, and the smoothed SSRR has begun to turn upward. Analysts believe that $60,000 is a behavioral pressure zone, while $48,000 is the boundary for structural risk. The subsequent confirmation of recovery signals is when the smoothed SSRR exits the red zone and the price stabilizes above $60,000; the main risk is the emergence of new red signals at lower levels and testing the $48,000 support. Overall, the market is gradually shifting towards an accumulation pattern.

Most institutional investors believe that Bitcoin still has room for further decline, and the overall market sentiment is cautious. Macroeconomic uncertainty, tightening liquidity, ETF fund outflows, and the shift of funds towards areas like AI may still exert pressure on BTC prices. David Grider, a partner at Finality Capital, stated that the firm expects the market bottom in this cycle may not appear until the end of the third quarter or the beginning of the fourth quarter of 2026, and believes that Bitcoin may complete its bottoming process in the range of $45,000 to $55,000. Even among some investors who believe the market is close to the bottom, there is a general expectation of no strong rebound in the short term.Research shows that most funds are currently increasing cash positions, reducing directional risk exposure, and adopting more market-neutral, hedging, and derivative strategies to cope with volatility. Meanwhile, institutional funds continue to focus on fundamentally strong areas such as DeFi, AI, and tokenized assets, rather than purely allocating to Bitcoin. Institutions generally believe that the high interest rate environment, liquidity contraction, geopolitical risks, and the flow of funds towards growth sectors like AI are the main downside risks facing the current market. In addition, some funds have also identified the leverage financing model of Strategy and the development of quantum computing as emerging risk factors in this cycle.Regarding the year-end trend, the funds surveyed did not provide a Bitcoin target price above $100,000. Some institutions expect BTC to fluctuate in the range of $40,000 to $80,000 within the year and believe that improvements in interest rate cut expectations, a recovery in liquidity, and progress on the U.S. CLARITY Act may become important catalysts for market recovery.

According to Jinshi reports, U.S. Treasury Secretary Basant stated that he believes Federal Reserve Chairman Waller will take the right measures to balance inflation and growth.

According to GMGN data, the market capitalization of the SOL chain ecosystem token BELIEVE briefly surpassed 10 million USD, currently reported at 8.8 million USD, with an intraday increase of over 910%.

According to Jinshi reports, Federal Reserve Chairman Powell stated that there is no reason to believe that policy will tighten significantly.