Odaily News Bitfinex Alpha reports: Bitcoin (last week) showed a strong rebound at the beginning of the week, rising 4.7% from the weekly opening price and briefly retesting the previous record high of $109,590. However, optimism was quickly replaced by risk aversion after Israel's unexpected attack on Iran on June 13 triggered a global market crash. Bitcoin gave up most of its early gains, falling 7.33%, and closed lower this week as rising oil prices and macro uncertainty weighed heavily on investor sentiment, highlighting that even strong trends can quickly derail due to external shocks, especially when the market is hot. Beneath the surface, traders' behavior reveals growing pressure. Bitcoin net buying volume plummeted to -$197 million (see figure below), the lowest level since June 6, indicating that sellers have taken control of the market and aggressively sold BTC at market prices. However, this sell-off, coupled with a surge in liquidation volume, resembles past capitulation sell-offs - such sell-offs often mark local market bottoms. If Bitcoin can hold the $102,000 to $103,000 range, it could be a sign that selling pressure is being absorbed and the market could be ready for a recovery — assuming geopolitical risks don’t intensify further.

Odaily News The Trump Organization has launched a private-label mobile phone network called Trump Mobile, marking a new effort by the Trump Organization to win over conservative consumers, positioning itself as an alternative to large telecom operators. The Trump family, long known for its real estate empire, luxury hotels and golf resorts, has in recent years moved into new areas such as digital media and cryptocurrency. The Trump Organization said before the presidential inauguration that control of the company would be transferred to Trump's children, similar to the arrangement during his first term, though concerns about potential conflicts of interest remain. The company is the main holding entity for most of Trump's business ventures. The Trump Organization said Monday that its new mobile joint venture will set up call centers in the United States and manufacture phones in the United States. Today, the Trump Organization also launched the $499 T1 smartphone, which will be available in September. The official website shows that the phone's operating system is Android 15. (Jinshi)

Odaily News OKX market data shows that TRX briefly broke through 0.295 USDT and is now trading at 0.28342 USDT, with a 24-hour increase of 4.02%.

Odaily News According to Bloomberg analyst James Seyffart’s post on the X platform, Trump’s Truth Social has submitted an S-1 form for a Bitcoin and Ethereum ETF.

Odaily News According to market news: Tron may cooperate with Trump’s second son Eric Trump to establish a company similar to Strategy.

Odaily News According to market news: Tron is seeking to be listed in the United States.