Odaily News US President Trump said the "Big and Beautiful Act" reduced the deficit and national debt while unleashing economic growth. (Jinshi)

Odaily News TD Cowen said in a research report that despite the risks, Strategy's share price is justified by a premium to its Bitcoin (BTC) net asset value (NAV). The agency said that Strategy's "equity-to-BTC loop" model enables it to use its stock issuance revenue to buy more Bitcoin, thereby driving higher share prices and further Bitcoin purchases, forming a virtuous circle. TD Cowen reiterated its "buy" rating on Strategy and set a target price of $1,625. (The Block)

Odaily News According to technical analysis by independent research firm Fundstrat Global Advisors, Bitcoin (BTC) is expected to replicate the performance of the S&P 500 and set a new all-time high in July. The agency said that Bitcoin's recent price trend is strikingly similar to the S&P 500 trend between 1995 and 1996. If this pattern continues, BTC may break through $74,000. (Cointelegraph)

Odaily News U.S. Treasury Secretary Benson said that perhaps the Fed has waited too long to start cutting interest rates. Regarding the Fed, I will go where I am needed, but we still have a lot of work to do at the Treasury Department. (Jinshi)

Odaily News US Treasury Secretary Bessant said he disagreed with Musk's statement that the bill would increase the deficit. If the tax bill passes, we may have a surplus. In addition, US Treasury Secretary Bessant praised Musk's achievements in the field of rockets and said, "I will be responsible for financial matters." (Jinshi)

Odaily News According to Fox News: U.S. Treasury Secretary Benson said that we are moving forward with the vote on the tax bill ("Big and Beautiful Bill") today, which is an agreement that benefits the working class. (Jinshi)