- CEX Hot Cryptocurrencies
CEX Trading Volume Top 10 and 24-Hour Price Change:
BTC: - 0.48%
ETH: + 4.36%
XRP: + 0.47%
SOL: + 1.25%
DOGE: + 8.53%
BNB: + 2.69%
ADA: + 2.74%
LTC: + 4.82%
PEPE: + 1.91%
CFX: + 113.96%
24H Price Increase Ranking (Data Source: OKX):
CFX: + 113.96%
OM: + 48.01%
SPK: + 20.01%
ACH: + 18.68%
AR: + 18.25%
BANANA: + 16.20%
BLUR: + 14.56%
IOST: + 14.13%
G: + 13.83%
ZKJ: + 11.69%
- On-Chain Hot Meme Top 5 (Data Source: GMGN):
Dege
TRUMP
Fartcoin
PUMP
baby grok
- 24H Hot Search Cryptocurrencies
- CFX: Possibly influenced by Conflux's plan to participate in the pilot issuance of a Renminbi stablecoin, CFX's 24-hour price increase exceeded 100%.
Headlines
Trump Signs GENIUS Act, First Federal Regulatory Framework for Stablecoins in the U.S.
U.S. President Trump has officially signed the "U.S. Stablecoin National Innovation Act (GENIUS Act)," marking the establishment of the first federal regulations related to crypto assets. The act requires stablecoins to be backed 100% by U.S. dollars or equivalent liquid assets, mandates annual audits for issuers with a market cap exceeding $50 billion, and sets regulatory guidelines for overseas issuers. Executives from Circle, Tether, Coinbase, and others attended the signing ceremony, with Trump stating that this move will "establish America's dominance in global finance and crypto technology."
White House Plans to Release First Crypto Policy Report on July 22
In accordance with Executive Order 14178, the White House will release its first crypto policy report on July 22. (Cointelegraph)
Ethereum Launches 10th Anniversary Commemorative NFT "The Torch," Minting Opens on July 30
Ethereum announced on the X platform the launch of the "The Torch" NFT, honoring those who shaped its development and values in the first decade. This NFT will symbolically be passed between wallets and will be destroyed to commemorate Ethereum's 10th anniversary. Additionally, everyone will be able to mint a commemorative NFT on July 30.
Binance Alpha Launches UPTOP, Users Holding at Least 180 Alpha Points Can Claim Airdrop
Binance announced that UPTOP is now live on the Alpha platform, and users holding at least 180 Alpha points can claim 1,500 UPTOP tokens on a first-come, first-served basis. The airdrop will close when the quota is exhausted or the event ends. Claiming will consume 15 points, and users must confirm within 24 hours, or it will be considered forfeited. Additionally, Binance will launch a UPTOP trading competition with a total prize pool of 10 million UPTOP.
Industry News
Trump officially signed the "Guidance and Establishment of the U.S. Stablecoin National Innovation Act" (referred to as the "Genius Act") at the White House, marking the first establishment of a regulatory framework for stablecoins in the U.S. Trump stated that stablecoins would help increase demand for U.S. Treasury bonds, lower interest rates, and solidify the dollar's status as a global reserve currency. He reiterated that "a central bank digital currency will never be allowed in the U.S."
The "Genius Act" requires stablecoins to be backed by liquid assets such as U.S. dollars or short-term U.S. Treasury bonds, and issuers must disclose reserve details monthly. Currently, the two largest stablecoins, USDT and USDC, account for nearly 90% of the total market cap. The stablecoin market is estimated to be around $247 billion, with U.S. Treasury Secretary Yellen predicting it will grow to $3.7 trillion by 2030.
Experts point out that the U.S. push for stablecoins aims to leverage the existing advantages of the dollar to maintain its dominant position in the global currency and payment system, with some views suggesting this move could alleviate pressure on U.S. debt. However, some Democratic lawmakers question whether the act provides sufficient consumer and financial stability protections and point to connections between the Trump family and cryptocurrency. Some Republican lawmakers also believe the act conflicts with Trump's previous executive order banning central bank digital currencies. (CCTV News)
CITIC Securities: U.S. Stablecoin Act Implementation, Loose Regulation Benefits Market Expansion
CITIC Securities' research report states that on July 17, U.S. Congress passed the "GENIUS Act," marking the official establishment of the first federal-level regulatory framework for stablecoins in the U.S. From the legislative process, after the "Big and Beautiful Act" was passed, crypto legislation was quickly prioritized in the House of Representatives, with Trump personally promoting consensus within the Republican Party, highlighting the priority of the crypto sector in the U.S. policy framework. From the content of the act, the House did not make substantial modifications to the Senate's version, retaining a relatively loose regulatory framework primarily at the federal level with state-level supplements. Looking ahead, as the regulatory details of the "GENIUS Act" are implemented, U.S. financial and tech giants are expected to accelerate their entry, promoting the rapid diffusion of stablecoins from issuance to application scenarios, which may lead to continuous expansion of the stablecoin market size. (Securities Times)
Zheshang Securities released a research report stating that the macro impact of RWA (Real World Assets) lies in creating a "global capital market" on the blockchain, accelerating the replacement of traditional finance by on-chain finance, which may temporarily lead to further expansion of dollar credit. RWA, stablecoins, and decentralized finance (smart contracts) mirror traditional financial system investment targets, fiat currencies, and financial intermediary functions on the blockchain, and the three are working together to form a new financial closed loop on the blockchain. In the long run, the on-chain mechanism of RWA poses a potential challenge to traditional financial institutions, including banks, brokerages, insurance companies, and exchanges. (Jin10)
UK Treasury Plans to Sell Over £5 Billion in Bitcoin Assets to Alleviate Fiscal Deficit
UK Chancellor Rachel Reeves is considering selling Bitcoin assets seized by the police to cover the public finance deficit. This batch of assets is valued at over £5 billion, including 61,000 Bitcoins seized from a Chinese Ponzi scheme in 2018, which have now appreciated about 20 times in value. To support this plan, the UK Home Office is promoting the establishment of a "crypto asset custody and disposal framework" to manage and sell such assets uniformly. The project is currently in the bidding stage, with a maximum sale commission of £40 million.
Project News
PUMP Project Address Deposited 2 Billion PUMP to Binance Four Days Ago
According to on-chain analyst Ai Yi's monitoring, a certain address previously received 12.5 billion PUMP from the project party, of which about 2.5 billion is suspected to have been allocated to Wintermute for market making, and 8 billion has been deposited to Bybit. Four days ago, the address also deposited 2 billion PUMP to Binance, equivalent to approximately $12.75 million at current prices.
Ether.fi to Launch on HyperLiquid Ecosystem, Introducing beHYPE Staking Token
Ether.fi announced its entry into the HyperLiquid ecosystem and will collaborate with the DeFi protocol HyperBeat to launch the liquid staking token beHYPE. In the initial phase, a multi-signature secured preHYPE vault will be opened, allowing users to deposit funds in advance to enjoy early returns and HyperBeat incentive points "hearts" distribution. The vault will transition to full smart contract control within six weeks. Currently, the total locked value in HyperEVM has surpassed $2 billion.
WLFI Invests $200,000 in BANK, TAG, EGL1, LIBERTY, B
According to Onchain Lens monitoring, the Trump family's crypto project World Liberty Finance address 0xa713 invested $200,000 to purchase five tokens, including 636,683 BANK, 72.92 million TAG, 396,371 EGL1, 409,387 LIBERTY, and 78,922 B, with each asset purchased for $40,000.
dYdX Acquires Crypto Social Trading Platform Pocket Protector, Marking First External Acquisition
Decentralized derivatives exchange dYdX has completed the acquisition of the crypto social trading platform Pocket Protector, marking its first external acquisition. The transaction was completed in a cash + DYDX token combination, with the specific amount undisclosed. The two co-founders of Pocket Protector will join dYdX as President and Head of Growth, respectively, and their developed Telegram trading bot (including copy trading features) along with a technical team of nine will be integrated into dYdX. Pocket Protector was established last year and has raised $7 million from investors such as Electric Capital and Dragonfly.
People * Voices
Vitalik: About 50% of Votes Support Raising Ethereum L1 Gas Cap to 45 Million
Ethereum co-founder Vitalik posted on the X platform stating, "Almost exactly 50% of stakers voted in favor of raising the L1 Gas cap to 45 million. The Gas cap has already started to increase, currently at 37.3 million."
LD Capital founder Yili Hua stated, "There has always been a rotation pattern in the crypto bull market, where BTC and ETH peak first, followed by mainstream mid-cap coins like XRP, LTC, UNI, and finally various strong altcoins. Investing wisely in certain varieties may yield returns that outperform the market."
Mastercard Executive: GENIUS Act Marks a "Turning Point" for Stablecoin Adoption
Jesse McWaters, Global Policy Lead at Mastercard, stated that the GENIUS Act marks a "turning point" for mainstream adoption of stablecoins, expected to drive institutional entry and promote the development of compliant stablecoins. He believes the act opens a "new era of regulatory clarity and confidence in digital assets," allowing regulated entities to issue dollar-backed stablecoins. Several institutions, including JPMorgan, Citigroup, Bank of America, Amazon, and Apple, are advancing related plans. McWaters added, "Mastercard has been preparing for this moment for a long time." (DLNews)
Tether CEO: Will Promote USDT Compliance to Enter the U.S. Market
After the signing of the GENIUS Act, Tether CEO Paolo Ardoino stated that they will promote USDT to enter the U.S. market through the "foreign issuer channel" in the new act and plan to launch a domestic dollar stablecoin. Although USDT has never undergone a comprehensive audit, Tether has committed to meeting compliance requirements within three years.
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