- CEX Hot Coins
CEX Trading Volume Top 10 and 24-Hour Price Change:
BTC: +1.06%
ETH: +3.28%
SOL: +2.22%
XRP: +2.81%
BNB: +0.5%
DOGE: +2.99%
BONK: -0.81%
PEPE: +3.17%
SUI: +2.03%
ADA: +2.3%
24H Price Increase Ranking (Data Source: OKX):
MAGIC: +47.84%
CRO: +18.36%
ZBCN: +13.05%
FLOKI: +8.7%
OMI: +8.69%
CELO: +8.04%
LOOKS: +7.07%
MORPHO: +7.04%
RAY: +6.89%
PIXEL: +6.85%
- On-Chain Hot Meme Top 5 (Data Source: GMGN):
PHOUSE
Fartcoin
MEMELESS
ALT
MORI
- 24H Hot Search Coins
MAGIC: MAGIC is the governance token of Treasure DAO, which aims to establish a decentralized ecosystem combining NFTs, gaming, and DeFi for metaverse projects, currently built on Arbitrum (Ethereum L2). In the past 24 hours, MAGIC has increased by over 45%, with a current market cap of $52.42 million.
Headlines
Recently, there have been market rumors that Yiwu has cases of accepting stablecoin payments for foreign trade goods. A reporter from "Daily Economic News" captured two completely different voices during further research. One voice believes that the use of stablecoins in Yiwu has become common, and some merchants may be cautious and unwilling to disclose too much information. The other voice believes that while some Yiwu merchants may be willing to accept stablecoin payments, the proportion of such merchants is very low and far from being "common." A person from a relevant local association in Yiwu stated: "From what we understand among our member units and non-member business friends, there are indeed not many using stablecoin settlements, or almost none. This type of private cryptocurrency, which lacks actual endorsement, is not widely recognized and is difficult to circulate widely."
Trump: Tomorrow Morning, We Will Release Trade Matters Related to at Least 7 Countries
Trump stated that tomorrow morning, we will release trade matters related to at least 7 countries, and in the afternoon, we will release matters related to other countries.
Market News: Truth Social Submits S-1 Form to Apply for Crypto Blue Chip ETF, Including BTC, ETH, SOL, XRP, and Cronos
According to market news: Truth Social has submitted an S-1 form to U.S. regulators to apply for a Crypto Blue Chip ETF (Truth Social Crypto Blue Chip ETF). It is reported that the fund is registered in Nevada, with an annual settlement date of September 30. The Truth Social Crypto Blue Chip ETF "basket" includes BTC, ETH, SOL, XRP, and Cronos.
Industry News
Trump: Tariffs Will Start on August 1, 2025, No Extensions Will Be Granted
U.S. President Trump posted on Truth Social that, based on letters sent to multiple countries yesterday, as well as other letters that will be sent out today, tomorrow, and in the near future, tariffs will officially start on August 1, 2025. This date will not change, and there will be no future alterations. In other words, all related payments will be due starting August 1, with no extensions granted.
Trump Announces 36% Tariff on Thailand
U.S. President Trump announced that a 36% tariff will be imposed on imports from Thailand starting August 1. According to Reuters, Thailand's Deputy Prime Minister and Finance Minister, Phumtham Wechayachai, stated on social media platform X on the 8th that the negotiation team has been fighting and will continue to fight. They will persist until the end to secure the best deal for Thailand.
SEC Considering Establishing a New Fast-Track Approval Framework for ETFs, Draft Expected This Month
The U.S. Securities and Exchange Commission (SEC) is considering establishing a new framework to expedite the approval process, with a draft expected to be released this month. Multiple crypto spot ETFs are likely to be approved in succession. Previously, crypto journalist Eleanor Terrett revealed that this framework may allow exchanges to directly list eligible crypto ETFs based on unified standards, without having to submit individual 19b-4 filings and wait for a 75-day approval period. Bloomberg ETF analyst James Seyffart expects that this new regulation may be officially implemented as early as September or October, at which point more crypto asset ETFs are expected to see a wave of approvals.
Project News
Grass Launches Android Mobile Mining, Limited Time Offers 3x Points Multiplier
Grass announced on X that users can now run Grass directly on Android phones for mining, which will automatically pause when battery power is low or network connection is poor. Currently, a limited-time offer provides a 3x points multiplier.
Robinhood Begins Engaging with European Regulators to Clarify Newly Launched Tokenized Stocks
Robinhood has begun engaging with European regulators to clarify its newly launched tokenized stocks. The company is responding to inquiries from regulatory entities such as the Bank of Lithuania regarding the structure of its tokenized stocks and whether it blurs the line between real equity and derivatives.
Investment and Financing
U.S. public company Sequans Communications S.A. (NYSE: SQNS) announced the completion of a $384 million strategic investment, launching its previously announced Bitcoin treasury plan. This financing includes $195 million in PIPE financing and $189 million in convertible bond issuance, with all net proceeds to be used for purchasing Bitcoin.
Tether Strategically Invests in Blockchain Forensics Company Crystal Intelligence
Tether announced a strategic investment in blockchain forensics company Crystal Intelligence to combat cryptocurrency crime, with the specific investment amount not disclosed. As cryptocurrency-related scams and fraud increase, Tether is committed to curbing the illegal use of its USDT stablecoin. This investment will allow Tether to directly use Crystal's full suite of tools, including real-time risk monitoring, fraud detection, and regulatory intelligence systems, further enhancing its ability to assist global law enforcement in tracking suspicious activities.
Ego Death Capital's Second Fund Completes $100 Million Fundraising to Support Bitcoin Enterprises
Ego Death Capital's second fund has completed $100 million in fundraising, focusing on supporting the expansion of Bitcoin ecosystem enterprises. The typical target companies for this fund have annual revenues between $1 million and $3 million, but their growth is limited by available capital. This new fund will primarily focus on Series A financing, helping companies with proven results scale up, while also reserving a small amount of funds for promising early-stage project investments. The second fund has already made some investments, including Bitcoin-based exchange Roxom, Bitcoin savings tool Relai, and payment infrastructure Breez built on the Lightning Network.
NASDAQ-listed blockchain technology company BTCS announced plans to raise $100 million by 2025 for the strategic acquisition of ETH. Additionally, the company announced it will transform into a publicly listed company focused on Ethereum infrastructure as part of its long-term vision.
People & Voices
Robinhood CEO Vlad Tenev stated in an interview with CNBC that technically, the tokenized stocks of OpenAI and SpaceX are not the equity of these two companies and are "not fully related." The complex corporate structure of OpenAI allows institutional investors to invest in the company through various tools, such as equity obtained when it later converts to a for-profit entity, as OpenAI was originally established as a non-profit organization but has gradually evolved into a for-profit entity owned by a non-profit organization.
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