CITIC Securities: Trump plays the good cop, Benson plays the bad cop; the probability of the Fed cutting interest rates in July is low

By: odaily.com|2025/07/21 08:51:46

Odaily News According to a research report by CITIC Securities, on July 14, local time, US President Trump said that his speech in an interview shocked the market, and US Treasury Secretary Bensonts interview calmed the market. We believe that Trumps good cop disturbing the market + Bensonts good cop calming the market is the open card routine of TACO trading in the news-driven market led by Trump. On issues such as Section 899, US-Japan tariff negotiations, and the dismissal of Powell, Trumps remarks have brought negative impacts to the market. Since then, Bensont has made relevant statements and actions that are beneficial to the market: he called on the US Congress to delete Section 899 from OBBBA, remained optimistic about reaching a US-Japan tariff agreement before August 1, and persuaded Trump not to dismiss Powell. Bensont played the role of the Trump administrations market mouthpiece. When facing the sudden bad news from the good cop Trump, it is necessary to pay attention to the good cop Bensonts views on related events. His remarks may be the triggering moment of TACO trading.
Important employment indicators in the United States include new non-agricultural employment, unemployment rate, number of people applying for unemployment benefits, number of job vacancies, etc. Judging from the multi-dimensional data of US employment, the current US job market is still resilient. Although the number of people applying for unemployment benefits in the United States has increased, and the employment diffusion index of all private sectors in the United States for one month is in a contraction range, key indicators such as new non-agricultural employment and unemployment rate show the resilience of US employment. The stabilization of more data supports the decision of the Federal Reserve to cut interest rates after observation. The Federal Reserve does not need to rush to cut interest rates, and the probability of the Federal Reserve cutting interest rates in July is low. (Jinshi)

-- Price

Currently, most Web3 projects are still in the stage of functional fragmentation, often focusing only on a single aspect, such as IP asset tokenization, transaction functionality, or a simple incentive model. This structural dispersion has become a key bottleneck hindering the industry's scale application.

BeatSwap's approach is more integrated, integrating multiple core modules into the same system, including:

· IP authentication and on-chain registration

· Authorization-based revenue sharing mechanism

· User-engagement-driven incentive system

· Transaction and liquidity infrastructure

Through the above integration, the platform builds an end-to-end closed-loop path, allowing IP rights to complete a full cycle of "creation, use, and monetization" within the same ecosystem.

Expanding from Web3 to a broader market: Restructuring the music industry's supply-demand structure

BeatSwap is not limited to existing crypto users but is attempting to take the global music industry as a starting point, actively creating new market demand. Its core strategies include:

Exploring and incubating music creators (Artist discovery)

Building a fan community

Igniting IP-centric content consumption demand

The current global music industry is valued at around $260 billion, with over 2 billion digital music users. This means that the potential market corresponding to the tokenization and financialization of IP far exceeds the traditional crypto user base.

In this context, BeatSwap positions itself at the intersection of "real-world content demand" and "on-chain infrastructure," attempting to bridge the structural gap between content production and financial flow.

"Space" to Launch in Q2 2026: Building the Core of SocialFi

BeatSwap's upcoming core product "Space" is scheduled to launch in the second quarter of 2026. This product is defined as the SocialFi layer in the ecosystem, aiming to directly connect creators with users and achieve deep integration with other platform modules.

Key designs include:

A fan-centric interactive mechanism

Exposure and distribution logic based on $BTX staking

User paths connected to DeFi and liquidity structures

Thus, a complete user behavior loop is formed within the platform: Discovery → Participation → Consumption → Rewards → Trading

$BTX Token Mechanism: Evolving from an Incentive Tool to a Value Carrier

$BTX is designed to be a core utility asset within the ecosystem, rather than just a simple incentive token, with its value directly tied to platform activity and IP use cases.

Main features include:

· Yield distribution based on on-chain authorized actions

· Value reflection based on IP usage and user engagement dynamics

· Support for staking and DeFi participation mechanisms

· Value growth driven by ecosystem expansion

With the increased frequency of IP use, the utility and value support of $BTX will enhance simultaneously, helping alleviate the "disconnect between value and utility" issue present in traditional Web3 token models to some extent.

Accelerating Global Exchange Layout: Enhancing Liquidity and Accessibility

Currently, $BTX has been listed on several mainstream exchanges, including:

Binance Alpha

Gate

MEXC

OKX Boost

As the launch of "Space" approaches, BeatSwap is actively pursuing more exchange listings to further enhance liquidity and global accessibility, laying a foundation for future market expansion.

Beyond Web3: Aiming for a Larger-Scale Integration of Content and Finance Markets

BeatSwap's goal is no longer limited to the traditional Web3 narrative but aims to target over 2 billion digital music users and a trillion KRW-scale content market.

By integrating content creators, users, capital, and liquidity into a blockchain framework centered around IP rights, BeatSwap is striving to build a next-generation infrastructure focused on "IP tokenization."

Conclusion

BeatSwap integrates IP authentication, authorization distribution, incentive mechanism, transaction system, and market construction to establish a unified structure that bridges the full lifecycle path of IP rights.

With the launch of the Q2 2026 "Space," the project is expected to become a key infrastructure connecting content and finance in the IP-RWA (Real World Assets) track.

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