BTC (+4.67% | Current Price 116,483 USDT): Trump posted on Truth Social stating that cryptocurrency has "broken through the ceiling," which has a positive impact on the entire cryptocurrency market. BTC has strongly broken through the key resistance level of 115,000 USDT, aiming for the round number of 120,000 USDT. In terms of volume and price relationship, yesterday BTC's trading volume reached the level of 100 billion USDT, with strong volume driving the price up. On July 10, BTC ETF inflows were 1.175 billion USDT, including 448 million USDT from BlackRock's IBIT and 324 million USDT from Fidelity's FBTC.
ETH (+6.41% | Current Price 2,965 USDT): ETH has broken through the round number of 3,000 USDT. Trump's tweet and the vision statement released by the Ethereum Foundation may have a positive impact on the price. Technically, ETH's K-line is forming a consolidation pattern around 3,000 USDT. It may aim for 3,000 USDT again in the future. On July 10, ETH ETF inflows were 383 million USDT, including 300 million USDT from BlackRock's ETHA and 37.3 million USDT from Fidelity's FETH.
Altcoins: The market is currently in an accelerated upward phase. The Fear and Greed Index reported 72 today, indicating very optimistic market sentiment.
Macro: On July 1, the S&P 500 index rose 0.27%, closing at 6,280.46 points; the Dow Jones index rose 0.43%, closing at 44,650.64 points; the Nasdaq index rose 0.09%, closing at 20,630.66 points. As of July 11, 11:15 (UTC+8), the spot price of gold is reported at 3,335 USD per ounce, with a 24H increase of 0.35%.
According to Gate's market data, the current price of SEI token is 0.33 USD, with a 24-hour increase of 24.63%. The Sei network is a high-performance DeFi-specific Layer 1 blockchain built on Cosmos, providing a decentralized trading platform through its built-in Central Limit Order Book (CLOB) module, allowing users to trade directly without intermediaries. Sei's design optimizes trading speed and costs, making it an ideal environment for DEX. The Sei v2 upgrade introduces parallel EVM, further enhancing performance and user experience, supporting transaction throughput of up to 20,000 TPS and approximately 390 milliseconds transaction confirmation time.
On July 10, Circle announced that the native USDC token and CCTP V2 will soon be launched on the Sei Network, bringing the world's largest compliant stablecoin and frictionless cross-chain transfers to the high-performance Layer-1 blockchain. The native USDC has advantages such as compliance, 1:1 USD exchange, and institutional channels, while CCTP V2 supports efficient liquidity and cross-chain applications between Sei and other chains. As a result of this news, SEI has seen significant growth in both token price and trading volume.
According to Gate's market data, the current price of PENGU token is 0.019 USD, with a 24-hour increase of 24.28%. Pudgy Penguins is one of the most well-known NFT projects in the cryptocurrency space, launched in July 2021, quickly gaining popularity due to its unique "cute penguin" image and community culture. This NFT series consists of 8,888 penguins. The PENGU token, as the official social token of Pudgy Penguins, is creating a new wave in the cryptocurrency world. This token, originating from a well-known NFT project, is not just an ordinary digital asset but represents a vibrant community and cultural phenomenon.
On July 10, Fortune analyzed that the latest guidelines from the U.S. Securities and Exchange Commission may attract a large number of investment applications for cryptocurrency exchange-traded funds (ETFs) linked to Solana, XRP, and even Trump's meme coin TRUMP. The new SEC Chairman Paul Atkins' guidelines provide asset management companies with more details on how to obtain SEC approval for cryptocurrency-linked exchange-traded products. Previously, Canary Capital submitted a PENGU spot ETF application to the SEC, increasing the likelihood of approval for PENGU's spot ETF, which is a significant positive for the token price.
According to Gate's market data, the current price of FARTCOIN token is 1.31 USD, with a 24-hour increase of 17.65%. The FARTCOIN token was born from a creative brainstorming session between truth-terminal and opus-tutor, two AI entities focused on finding unconventional strategies for launching new tokens. Their mission is clear: to create a cryptocurrency that combines humor, social awareness, and environmental sustainability. Thus, FARTCOIN was born—a meme coin designed to challenge the status quo and break traditional cryptocurrency models.
Yesterday, the Memecoin sector experienced a general rise, with Fartcoin being one of the representatives. The Fartcoin token's K-line overall showed a bullish arrangement, with its highest price breaking through 1.32 USD. Among other tokens in the Memecoin sector, those with higher market capitalization, such as DOGE, SHIB, PEPE, TRUMP, and BONK, all saw increases of over 8%, outperforming the market.
The Ethereum Foundation recently released a vision statement outlining two major development goals: first, to increase the number of Ethereum users so that more people can benefit from its underlying value; second, to enhance the resilience of Ethereum's technology and social infrastructure. To achieve this, the foundation will establish four new teams to promote key adoption channels, including providing resource guidance for enterprises, nurturing the next generation of developers, accelerating user-oriented application development, and providing non-financial support for project founders. Additionally, the foundation will continue to operate three teams coordinating ecosystem financial support: the ESP/grant support team will optimize the grant process and provide non-financial support; the ecosystem grant program team will co-fund important public goods organizations; and the Launchpad team will assist startups and organizations within the ecosystem in addressing operational, financing, and governance challenges.
This vision statement has profound significance for the Ethereum ecosystem, clearly outlining the future development direction of the Ethereum ecosystem, aiming to promote global adoption and sustainable development of Ethereum by expanding the user base and enhancing the resilience of technology and social infrastructure. The newly established four teams (enterprise relations, developer growth, application relations, and research, supporting project founders) and the continuously optimized three financial support teams (ESP/grant support, ecosystem grant program, Launchpad) reflect the foundation's commitment to accelerating Ethereum's application in enterprises, developers, and users through resource integration, non-financial support, and collaborative innovation. This strategy will not only promote the widespread adoption of Ethereum technology and the healthy development of the ecosystem but also lay the foundation for the long-term prosperity of the Ethereum ecosystem by supporting public goods and entrepreneurial projects, having a profound impact on the future of decentralized technology globally.
The German state development bank NRW.BANK announced the issuance of 100 million euros (approximately 116.7 million USD) in blockchain bonds on the Polygon blockchain. The bonds are registered under the German Electronic Securities Act (eWpG) and are supported by the infrastructure provided by Cashlink's BaFin-regulated crypto securities registration system, with Deutsche Bank, DZ Bank, and DekaBank serving as joint lead underwriters for this issuance.
The successful issuance of 100 million euros in digital bonds by NRW.BANK on the Polygon blockchain marks a significant breakthrough for the European public sector in the field of digital securities, demonstrating the application potential of blockchain technology in traditional financial markets. In the future, this will not only enhance the efficiency of bond issuance, reduce transaction costs and time, but may also encourage more public and private institutions to explore blockchain technology, promoting the digital transformation of capital markets. However, challenges such as market fragmentation, technological complexity, and regulatory coordination still need to be addressed to achieve broader global adoption.
DDC Enterprise Limited has established a strategic partnership with Animoca Brands by signing a non-binding memorandum of understanding, with Animoca Brands investing 100 million USD to support DDC's Bitcoin treasury. This move will accelerate DDC's Bitcoin accumulation strategy, while Animoca Brands stated that Bitcoin is now positioned as a key component of contemporary corporate financing strategies and will provide a blueprint for publicly listed companies to adopt digital assets.
This event marks a significant advancement in the strategy of incorporating Bitcoin into corporate balance sheets. This collaboration not only accelerates DDC's Bitcoin accumulation plan but also highlights the growing importance of Bitcoin as a corporate financing tool, providing a practical example for other publicly listed companies to explore digital assets. In the future, this initiative may encourage more companies to view crypto assets as options for diversified investment and value storage, promoting the integration of traditional finance and blockchain technology. However, market volatility, regulatory uncertainty, and the maturity of corporate adoption will remain key factors influencing the widespread realization of this trend, requiring further observation of its long-term impact.
Related: The Game of Trump's Economic Policy and Bitcoin (BTC) Market Trends: Monetary Policy, Tariffs, and the Future Outlook of Crypto Assets
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