24H Hot Cryptocurrencies and News | ETH Short-term Breaks $3400; Trump Denies Drafting Letter to Dismiss Powell (July 17)

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16 hours ago

24H Hot Coins and News | ETH Short-term Breaks $3400; Trump Denies Drafting Letter to Dismiss Powell (July 17)

  1. CEX Hot Coins

CEX Trading Volume Top 10 and 24-hour Price Change:

  • ETH: + 5.99%

  • BTC: + 0.3%

  • SOL: + 3.85%

  • XRP: + 2.83%

  • DOGE: + 5.01%

  • BNB: + 2.92%

  • UNI: - 6.14%

  • TRUMP: + 2.94%

  • HBAR: - 1.41%

  • ENA: + 0.58%

24H Price Increase Ranking (Data Source: OKX):

  • FLOKI: + 28.91%

  • BONK: + 24.09%

  • MEW: + 20.83%

  • CAT: + 20.5%

  • CVX: + 16.77%

  • CRV: + 16.7%

  • FLUID: + 10.1%

  • GEAR: + 9.57%

  • NEIRO: + 8.88%

  • FXS: + 8.54%

  1. On-chain Hot Meme Top 5 (Data Source: GMGN):
  • FFF

  • DDAI

  • Cameron

  • BONK

  • Unipcs

  1. 24H Hot Search Coins
  • ETH: E is really hardening this time!

Headlines

Trump Denies Drafting Letter to Dismiss Federal Reserve Chair Powell

Odaily Planet Daily reports that U.S. President Trump denied drafting a letter to dismiss Federal Reserve Chair Powell, but stated that he has discussed the "concept of dismissing (Federal Reserve Chair Powell)" with Republicans. He revealed that Republican figures are pushing for Powell's dismissal, and his stance is more conservative, stating he would only dismiss Powell if there were fraudulent activities during the renovation process. (Jinshi)

Trend Research Has Sold a Cumulative 48,946 ETH Today, Currently Holding $430 Million Worth of ETH

Odaily Planet Daily reports that according to Lookonchain monitoring, Trend Research has sold a cumulative 48,946 ETH ($151.26 million) today to repay its Aave loan.
Previously, from February 26 to June 20, Trend Research accumulated 184,115 ETH (costing about $390 million) through borrowed funds, with an average purchase price of about $2,118. They currently still hold 136,182 ETH ($430 million), with total profits from ETH amounting to about $191 million.

Yili Hua: Choosing to Sell Some ETH Amid Unclear Multiple Macro Prospects, But Long-term Bull Market Trend Remains Unchanged

Odaily Planet Daily reports that LD Capital founder Yili Hua stated, "CPI has led to a delay in interest rate cut expectations, the U.S. stock market shows signs of peaking, the risk of the Russia-Ukraine war has increased, and the crypto bill is temporarily stalled. In the face of multiple unclear macro prospects, we expect ETH to rise above 50 in the short term. We choose to fear at the FOMO peak, and from the perspective of investment and trading volume, we are prepared to take a break for a while and wait for everything to clarify before making decisions. However, the long-term bull market trend remains unchanged."
Previously, it was reported that Trend Research has sold a cumulative 48,946 ETH today, currently holding $430 million worth of ETH.

Slow Mist: BigONE Exchange Suffers Supply Chain Attack, Loss Exceeds $27 Million

Odaily Planet Daily reports that Slow Mist issued a warning stating that the cryptocurrency exchange BigONE suffered a supply chain attack, with its production network being compromised. Attackers manipulated the operational logic between accounts and risk control servers to withdraw funds, with losses currently exceeding $27 million. No private keys were leaked in this incident, and the related attack addresses cover Ethereum, BSC, Solana, Bitcoin, and Tron chains.

Industry News

Strategy Plans to Release Q2 Financial Report on July 31

Odaily Planet Daily reports that Nasdaq-listed Bitcoin financial company Strategy announced it plans to release its Q2 2025 financial performance report after the close of the U.S. financial markets on July 31, and will hold a live video webinar at 5:00 PM Eastern Time to discuss the financial report results. (Businesswire)

SharpLink Gaming Raised Approximately $413 Million Last Week, All for Increasing Ethereum Holdings

Odaily Planet Daily reports that SharpLink Gaming (SBET) stated that in addition to becoming the largest holder of Ethereum among corporate entities, SharpLink raised approximately $413 million through its ATM program from July 7 to 11. Of this, about $156 million has been used to purchase Ethereum, while the remaining approximately $257 million can be used for future Ethereum acquisitions.

SRM Entertainment Officially Renamed to Tron Inc., Stock Code Changed to TRON

Odaily Planet Daily reports that Nasdaq-listed company SRM Entertainment announced that its name has officially changed to Tron Inc., and starting July 17, 2025, the company will change its stock code from "SRM" to "TRON" on the Nasdaq Capital Market. The CUSIP number 85237B101 will remain unchanged after the name and stock code change. (Globenewswire)

Coinbase Launches Base App, Upgrading Coinbase Wallet to an Integrated Social and Trading Platform

Odaily Planet Daily reports that Coinbase has launched the Base App, replacing the original Coinbase Wallet, integrating social networking, mini-apps, instant USDC payments, and trading functions, relying on the Ethereum Layer 2 network Base ecosystem. The app started user testing for waitlist users on July 16, supporting Farcaster protocol social feeds, Zora content tagging and tipping, real-time trading viewing, and on-chain token swapping. The Base App includes multiple mini-apps and encrypted messages, launching the smart wallet Base Account and new checkout service Base Pay. Coinbase plans to gradually promote it publicly in the future. (The Block)

Varys Venture Capital Director Bets with Multicoin Co-founder on Whether ETH Can Break $10,000 by End of 2026

Odaily Planet Daily reports that Varys Capital venture director Tom Dunleavy posted on X that he has made a bet with Multicoin Capital co-founder Kyle Samani on whether ETH will reach $10,000 on any mainstream exchange by December 31, 2026, with odds of 3:1.
Kyle Samani confirmed the bet under Tom Dunleavy's post.

Project News

Trump Family Crypto Project "WLFI Token Trading" Proposal Vote Passed

Odaily Planet Daily reports that according to relevant page information, the Trump family crypto project "WLFI Token Trading" proposal ended voting and passed at 1:38 AM Beijing time. The proposal aims to:
Make WLFI tokens tradable, thereby enabling broader community governance participation through peer-to-peer trading or secondary markets;
Promote the transition of the WLFI ecosystem from closed participation to open participation;
Enhance the utility and usage scope of the tokens;
Initiate the next phase of community ownership and interaction;
Align long-term token incentives with the adoption and success of the protocol.

Trump-themed Meme Coin TRUMP Suspected of Preparing to Launch Game Project

Odaily Planet Daily reports that according to leaked information from the website, the Trump-themed meme coin TRUMP is suspected of preparing to launch a game project.

Base Launches Flashblocks, Reducing Effective Block Time from 2 Seconds to 200 Milliseconds

Odaily Planet Daily reports that Flashblocks has launched on the Base network, increasing the base speed of the network by 10 times. Flashblocks reduces the effective block time from 2 seconds to 200 milliseconds, making the Base network the fastest EVM chain currently.
This upgrade may prepare the infrastructure for the launch of the Base App. Previously, it was reported that Coinbase launched the Base App, upgrading Coinbase Wallet to an integrated social and trading platform. The new application integrates wallet, trading, and payment functions while incorporating social media, instant messaging, and mini-program support, all running on its self-developed Ethereum Layer 2 network, Base.

Insider: Orca Plans to Launch Launchpad at the End of July or Early August

Odaily Planet Daily reports that according to Blockworks reporter Jack Kubinec on the X platform, Orca plans to launch its Launchpad at the end of July or early August, focusing on a mechanism developed by Orca that gives humans an advantage over robots.

Caldera Announces Token Economics: HODLer Airdrop Accounts for 2% of Total Supply, Initial Circulating Tokens Account for 14.85% of Maximum Supply

Odaily Planet Daily reports that according to Binance's announcement, the total supply of Caldera (ERA) tokens is 1 billion, with HODLer airdrops accounting for 2% of the total. An additional 20,000,000 ERA will be used for market activities six months after listing; the circulating supply at the time of listing on Binance will be 148,500,000 ERA, with initial circulating tokens accounting for 14.85% of the maximum supply.

Hyperion Announces RION Token Economics: Airdrop Accounts for 5%, Liquidity Incentives Account for 30%

Odaily Planet Daily reports that Hyperion's platform token economics includes two tokens: RION and xRION. RION is the platform's native transferable utility token, and users can earn xRION by staking RION. xRION is a non-transferable governance token representing long-term commitment and protocol participation, which can be used for governance voting, Launchpad allocation, and whitelist qualification applications, and also qualifies for staking rewards.
The distribution ratio of RION is as follows: liquidity incentives account for 30%, protocol treasury accounts for 22.9%, team and advisors account for 20%, public distribution accounts for 9%, airdrop accounts for 5%, community incentives account for 5%, and investors account for 8.1%. Previously, it was reported that Binance Alpha points greater than 211 could participate in the Bonding Curve version of Hyperion (RION) TGE.

Backpack: Airdropping Different Amounts of ES Tokens to All Users with Ranks in S2

Odaily Planet Daily reports that according to official news, Backpack is airdropping different amounts of ES tokens to all users with ranks in S2. Platinum and above rank users have received airdrop rewards for the fourth consecutive time.

Investment and Financing

Peter Thiel Acquires 9.1% Stake in ETH Strategic Reserve Company BitMine

Odaily Planet Daily reports that SEC documents show that PayPal co-founder and Silicon Valley venture capital giant Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies. BitMine was originally a Bitcoin mining company but has now transformed into an ETH strategic reserve company. On July 14, the company disclosed that it holds 163,142 ETH, valued at over $500 million.

Crypto Infrastructure Company Talos Acquires Coin Metrics for Over $100 Million

Odaily Planet Daily reports that New York-based digital asset trading infrastructure development company Talos has announced the acquisition of blockchain data provider Coin Metrics. According to an insider, the transaction amount exceeds $100 million. Talos was founded in 2018 by Wall Street veterans Katz and Ethan Feldman, who serves as the company's CTO. Its software helps institutional investors such as hedge funds and asset management companies trade digital assets like Bitcoin and Ethereum. (Fortune)

Infinity Ground (AIN) Announces Strategic Investment from DWF Labs

Odaily Planet Daily reports that Infinity Ground has announced a strategic investment from crypto investment firm DWF Labs. Infinity Ground is building an Agentic IDE (Intelligent Development Environment) for AI-native applications, providing developers and creators with no-code building, front-end and back-end deployment, and smart contract integration infrastructure for AI applications. Recently, Infinity Ground (AIN) has successfully listed on exchanges such as Binance and Bybit. This round of investment from DWF Labs will help Infinity Ground accelerate the global expansion of its AI application ecosystem and promote the implementation of products like Agentic IDE for the Web3 developer community and creative programmers (Vibe Coders).

Regulatory Policies

Trump Asks Lawmakers Whether He Should Dismiss Powell, Insiders Say He Implies Action Will Be Taken

Odaily Planet Daily reports that several direct insiders revealed that Trump asked a group of House Republicans on Tuesday whether he should dismiss Federal Reserve Chair Powell, and those present expressed agreement. Several indicated that Trump implied he would do so. The president's dismissal of the Federal Reserve chair has no legal precedent—federal law states that the Federal Reserve chair can only be dismissed for "just cause." This action could have serious negative impacts on financial markets. Government insiders told CBS that Trump has mentioned the possibility of dismissing Powell for "just cause" in both public and private remarks, but the White House has not yet formally established a legal basis. Florida Congressman Anna Paulina Luna (one of the Republicans who voted against advancing the cryptocurrency bill) posted on social media Tuesday evening, stating, "I heard Powell is going to be dismissed! The source is very reliable." In a subsequent post, she wrote, "I am 99% sure the dismissal is imminent." (Jinshi)

U.S. House Passes Procedural Vote on Cryptocurrency Bill

Odaily Planet Daily reports that the U.S. House has passed a procedural vote on the cryptocurrency bill, establishing rules for the GENIUS Act, CLARITY Act, and Anti-CBDC (Central Bank Digital Currency) Act, with a final vote expected this week.
This procedural vote is not a direct vote on the GENIUS, CLARITY, and Anti-CBDC bills themselves, but rather determines the process and rules for these bills during formal debate and voting in the House, known as "rules of order" or "motion to proceed" voting.

U.S. House's Second Round of Procedural Voting on Crypto Bills Stalls, CBDC Stance Becomes Key Point of Disagreement

Odaily Planet Daily reports that during the legislative push of "Crypto Week," the U.S. House's second round of procedural voting on crypto bills has stalled, with some Republican lawmakers insisting on including provisions to ban central bank digital currencies (CBDCs), leading to disagreements. Although the first round of voting has advanced the bill process, including key proposals like the GENIUS Stablecoin Act, the wording regarding CBDCs has become a point of contention, leaving the outlook for subsequent votes uncertain. Trump originally planned to sign the bill this week, but the current situation is described as "utter chaos."

Voices

Arthur Hayes: "Ethereum Season" Has Arrived, DeFi and NFTs Will Benefit

Odaily Planet Daily reports that BitMEX co-founder Arthur Hayes stated on the X platform, "Ethereum season" has arrived, and the DeFi and NFT markets will benefit and make a comeback. Additionally, Arthur Hayes has changed his social media avatar to a CryptoPunk.

Zhu Su: SOL Price and Demand Further Boosted by pump.fun's TGE

Odaily Planet Daily reports that Three Arrows Capital founder Zhu Su stated on the X platform that the TGE of pump.fun has driven up the price of SOL for the following reasons:

  1. pump.fun itself does not hold a large amount of SOL, so it will not create price pressure through selling SOL;
  2. Believing that pump.fun will sell SOL is a flawed thinking framework; users typically purchase SOL with dollars, participate in pump.fun transactions, and pay SOL fees, while the platform subsequently converts SOL back to dollars. This model is just a regular consumer business process;
  3. pump.fun's revenue within the Solana ecosystem has attracted more market attention, potentially driving a revaluation of SOL as an investment-grade consumer protocol;
  4. Solana ecosystem investors participating in pump.fun's initial token offering tend to reinvest their profits back into SOL.

James Wynn: Bitcoin May Reach Short-term High This Month, Next 1-2 Months Will Be Altcoin Season

Odaily Planet Daily reports that James Wynn stated on the X platform that Bitcoin may reach a short-term high in July, with a target price of $145,000, before quickly falling back to $110,000. He believes that the next 1-2 months will see a large-scale altcoin market, with FOMO sentiment likely to explode. The fourth quarter may see a push due to interest rate cuts, boldly speculating that Bitcoin could surge again to the range of $160,000 to $240,000.

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