24H Hot Coins and News | ETH breaks through $3,400 in the short term; Trump denies drafting a letter to fire Powell (Jul

1. Popular currencies on CEX

CEX top 10 trading volume and 24-hour rise and fall:

• 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%

24 H increase list (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%

2. Top 5 popular memes on the chain (data source: GMGN ):

• FFF

• DDAI

• Cameron

• 봉크

• Unipcs

3. 24-hour hot search currencies

• ETH: E-zi is completely tough this time!

헤드라인

Trump denies drafting letter to fire Fed Chairman Powell

Odaily Planet Daily News: US President Trump denied drafting a letter to fire Federal Reserve Chairman Powell, but said he had discussed the concept of firing (Federal Reserve Chairman Powell) with the Republicans. He revealed that Republicans pushed for Powell to be fired, and his position was more conservative, unless there was fraud in the renovation process, Powell would not be fired. (Jinshi)

Trend Research has sold a total of 48,946 ETH today and currently holds ETH worth $430 million

Odaily Planet Daily News According to Lookonchain monitoring, Trend Research has sold a total of 48,946 ETH (US$151.26 million) today to repay its Aave loan.
Previously, between February 26 and June 20, Trend Research accumulated 184,115 ETH (costing approximately $390 million) through borrowed funds, with an average purchase price of approximately $2,118. Currently, it still holds 136,182 ETH (US$430 million), with a total ETH profit of approximately $191 million.

Yi Lihua: I chose to sell some ETH when the macro outlook is uncertain, but the bull market trend remains unchanged in the long run

Odaily Planet Daily News: LD Capital founder Yi Lihua said in a post, CPI has delayed the expectation of interest rate cuts, the US stock market has reached a peak, the risk of the Russia-Ukraine war has increased, and the encryption bill has been temporarily blocked. Under the circumstances of multiple uncertain macroeconomic prospects, ETH has risen by more than 50 in the short term to meet expectations. We chose Fomo at a high point out of fear. From the perspective of investment and transaction volume, we are ready to take a break for a while and wait for everything to become clear before choosing the right time, but the long-term bull market trend remains unchanged.
According to previous news, Trend Research has sold a total of 48,946 ETH today and currently still holds ETH worth US$430 million.

SlowMist: BigONE exchange suffered a supply chain attack, with losses exceeding $27 million

Odaily Planet Daily News: SlowMist issued a warning that the 암호화폐currency exchange BigONE suffered a supply chain attack, the production network was invaded, and the attackers tampered with the operating logic of the account and risk control server to withdraw funds. The current loss has exceeded 27 million US dollars. The private key was not leaked in this incident, and the relevant attack addresses covered Ethereum, BSC, Solana, Bitcoin and Tron chains.

업계 뉴스

Strategy: Plans to announce second quarter earnings on July 31

Odaily Planet Daily News: Nasdaq-listed Bitcoin financial company Strategy announced that it plans to release its financial results for the second quarter of 2025 after the close of the U.S. financial market on July 31, and will hold a live video webinar at 5:00 pm Eastern Time to discuss the financial results. (Businesswire)

SharpLink Gaming raised about $413 million last week, all of which will be used to increase Ethereum holdings

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

SRM Entertainment: The company officially changed its name to Tron Inc. and its stock code changed to TRON

Odaily Planet Daily News: Nasdaq-listed SRM Entertainment announced that the company name has been officially changed to Tron Inc. The company will also change its stock code from SRM to TRON on the Nasdaq Capital 시장 starting July 17, 2025. After the name and stock code change, the companys CUSIP number 85237 B 101 will remain unchanged. (Globenewswire)

Coinbase Launches Base App, Upgrading Coinbase Wallet into an All-in-One Social and Trading Platform

Odaily Planet Daily News: Coinbase released Base App, replacing the original Coinbase Wallet, integrating social networks, mini-apps, instant USDC payment and transaction functions, relying on the Ethereum Layer 2 network Base ecosystem. The application launched a waiting list user test on July 16, supporting Farcaster protocol social feeds, Zora content tagging and rewards, real-time transaction viewing and on-chain token exchange. Base App has built-in multiple mini-apps and encrypted messages, and launched the smart wallet Base Account and the new checkout service Base Pay. Coinbase plans to gradually promote it to the public in the future. (The Block)

Varys Ventures head and Multicoin co-founder bet on whether ETH can break through $10,000 by the end of 2026

Odaily Planet Daily News: Tom Dunleavy, head of venture capital at Varys Capital, posted on X that he has reached a bet with Kyle Samani, co-founder of Multicoin Capital. The bet is whether ETH will reach the $10,000 mark on any mainstream exchange before December 31, 2026, with odds of 3:1.
Kyle Samani has replied to Tom Dunleavys post, confirming that the bet has been made.

프로젝트 뉴스

Trump family crypto project WLFI token tradable proposal vote passed

According to the relevant page information, the Trump family crypto project WLFI tokens can be traded proposal has ended voting and passed at 1:38 Beijing time. The goals of the proposal are as follows:
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;
Improve the utility and usage of tokens;
Initiate the next phase of community ownership and engagement;
Align long-term token incentives with protocol adoption and success.

Trump-themed meme coin TRUMP is suspected to be preparing to launch a gaming project

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

Base launches Flashblocks to reduce effective block time from 2 seconds to 200 milliseconds

Odaily Planet Daily News According to official news, Flashblocks has been launched on the Base network, increasing the basic speed of the network by 10 times. Flashblocks shortens 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 Base App. According to previous news, Coinbase launched Base App and upgraded Coinbase Wallet to an integrated social and trading platform. The new application integrates wallet, trading, and payment functions, while integrating social media, instant messaging, and mini-program support, all running on its self-developed Ethereum second-layer network Base.

Source: Orca plans to launch Launchpad in late July or early August

Odaily Planet Daily News According to Blockworks reporter Jack Kubinec on the X platform, Orca plans to launch Launchpad in late July or early August. The focus of the product will be 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 circulation tokens account for 14.85% of maximum supply

Odaily Planet Daily News According to the Binance announcement, the total number of Caldera (ERA) tokens is 1 billion, of which HODLer airdrops account for 2% of the total, and an additional 20,000,000 ERA will be used for market activities 6 months after listing; the circulating supply at the time of listing on Binance is: 148,500,000 ERA, and the initial circulating tokens account for 14.85% of the maximum supply.

Hyperion announces RION token economics: 5% airdrops, 30% liquidity incentives

Odaily Planet Daily News Hyperion platform token economics includes two tokens: RION and xRION. Among them, RION is the platforms native transferable utility token, and users can obtain xRION by staking RION. xRION is a non-transferable governance token that represents long-term commitment and protocol participation. It can be used for governance voting, Launchpad allocation and whitelist qualification application, and is also eligible for staking rewards.
The distribution ratio of RION is: 30% for liquidity incentives, 22.9% for the protocol treasury, 20% for the team and consultants, 9% for public distribution, 5% for airdrops, 5% for community incentives, and 8.1% for investors. According to previous news, Binance Alpha points greater than 211 can participate in the Bonding Curve version of Hyperion (RION) TGE.

Backpack: Airdrop different amounts of ES tokens to all users with a rank in S2

According to official news from Odaily Planet Daily, Backpack airdropped different amounts of ES tokens to all users with a rank in S2. Users with Platinum rank and above have received airdrop rewards for the fourth consecutive time.

투자 및 자금조달

Peter Thiel has acquired a 9.1% stake in ETH strategic reserve company BitMine

Odaily Planet Daily reported that SEC documents showed that PayPal co-founder and Silicon Valley venture capital mogul 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 held 163,142 ETH, worth more than $500 million.

Crypto infrastructure firm Talos acquires Coin Metrics for more than $100 million

Odaily Planet Daily News: Talos, a New York-based digital asset trading infrastructure development company, announced that it has acquired blockchain data provider Coin Metrics. According to a person familiar with the matter, the transaction amount is more than $100 million. Talos was founded in 2018 by Wall Street veteran Katz and Ethan Feldman, the companys chief technology officer. Its software helps institutional investors such as hedge funds and asset management companies trade digital assets such as Bitcoin and Ethereum. (Fortune)

Infinity Ground (AIN) Announces Strategic Investment from DWF Labs

Odaily Planet Daily News: Infinity Ground announced that it has received strategic investment from crypto investment institution DWF Labs. Infinity Ground is an Agentic IDE (Intelligent Development Environment) built for AI native applications, providing developers and creators with AI application infrastructure for code-free construction, front-end and back-end deployment, and smart contract integration. Recently, Infinity Ground (AIN) has successfully landed on Binance, Bybit and other exchanges. This round of investment from DWF Labs will help Infinity Ground accelerate the expansion of the global AI application ecosystem and promote the infrastructure implementation of products such as Agentic IDE for Web3 developer communities and creative programmers (Vibe Coders).

Regulatory policies

Trump asks lawmakers whether Powell should be fired, sources say he hints at action

Odaily Planet Daily News: According to multiple people directly familiar with the matter, Trump asked a group of House Republicans on Tuesday whether he should fire Federal Reserve Chairman Powell, and those present agreed. Several people said that Trump hinted that he would do so. There is no legal precedent for the president to fire the Federal Reserve chairman-federal law stipulates that the Federal Reserve chairman can only be fired for reasonable reasons. This move could have a serious negative impact on financial markets. Sources within the government told CBS that Trump has mentioned the possibility of firing Powell for reasonable reasons in public and private remarks, but the White House has not yet formally established a legal basis. U.S. Florida Congresswoman Anna Paulina Luna (one of the Republicans who voted against advancing the cryptocurrency bill) posted on Tuesday evening local time: I heard that Powell is going to be fired! The source is very reliable. In a later post, she wrote: I am 99% sure that the dismissal is about to happen. (Jinshi)

U.S. House of Representatives passes procedural vote on cryptocurrency bill

Odaily Planet Daily reported that the U.S. House of Representatives passed a procedural vote on the cryptocurrency bill, establishing the rules of procedure for the GENIUS Act, the CLARITY Act, and the Anti-Central Bank Digital Currency (Anti-CBDC) Act. The final vote is expected to take place 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 when they are formally debated and voted on in the House of Representatives, which is the so-called procedure or clause of procedure vote.

The second round of procedural voting on the US House of Representatives crypto bill is deadlocked, and the CBDC stance has become a key point of disagreement

Odaily Planet Daily News Golden Finance reported that during the Crypto Week legislation, the second round of procedural voting on the crypto bill in the U.S. House of Representatives stalled, and some Republican lawmakers insisted on adding a clause prohibiting central bank digital currency (CBDC), causing disagreements. Although the first round of voting has advanced the bill process, including key bills such as the GENIUS Stablecoin Act, the wording of CBDC has become a focus of controversy, making the prospects for subsequent voting unclear. Trump originally planned to sign the bill this week, but the current situation is called complete chaos.

캐릭터*음성

Arthur Hayes: “Ethereum Season” is here, DeFi and NFT will benefit

Odaily Planet Daily News: BitMEX co-founder Arthur Hayes posted on the X platform that the Ethereum Season has arrived, and the DeFi and NFT markets will benefit and make a comeback. In addition, Arthur Hayes also changed his social media avatar to CryptoPunk.

Zhu Su: SOL price and demand were further pushed up by pump.fun’s TGE

Odaily Planet Daily News: Zhu Su, founder of Three Arrows Capital, posted on the X platform that pump.funs TGE pushed up the price of SOL, and the reasons are as follows:
1. Pump.fun itself does not hold a large amount of SOL, so it will not cause price pressure by selling SOL;
2. It is a wrong frame of mind to think that pump.fun will sell SOL. Users usually buy SOL with US dollars, participate in pump.fun transactions and pay SOL fees, and the platform then converts SOL back to US dollars. This model is just a regular consumer business process;
3. Pump.fun’s revenue generation in the Solana ecosystem has attracted more market attention, which may drive the revaluation of SOL as an investment-grade consumer protocol;
4. Solana ecosystem investors who participated in the pump.fun initial token offering tend to reinvest their funds into SOL after making a profit.

James Wynn: Bitcoin may hit a short-term high this month, and the next 1-2 months will be the alt season

Odaily Planet Daily News James Wynn wrote on the X platform that Bitcoin may hit a short-term high in July, with a target price of $145,000, and then quickly fall back to $110,000. He believes that there will be a large-scale altcoin market in the next 1-2 months, and FOMO sentiment will break out. In the fourth quarter, it may be driven by interest rate cuts, and it is boldly speculated that Bitcoin may rise again to the range of $160,000 to $240,000.

This article is sourced from the internet: 24H Hot Coins and News | ETH breaks through $3,400 in the short term; Trump denies drafting a letter to fire Powell (July 17)

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