Today's news tips:
Upbit to List ENA Tokens in KRW, BTC, and USDT Markets
A user lost $88.55 million in a single BTC/USDT transaction
Ethereum spot ETFs had a total net inflow of $383 million yesterday, the second highest in history
Regulatory/Macro
According to Cryptoslate, Robinhood launched ETH and SOL staking services for US customers on July 10, and users can earn staking rewards by holding a minimum of $1 worth of cryptocurrency. The new feature expands its staking service beyond Europe, and US customers can participate in blockchain verification without running a validator directly. For Ethereum staking, Robinhood uses batch processing to pool customer tokens to meet the minimum validator requirement of 32 ETH, and users can receive 50% to 100% of the protocol rewards. The SOL staking service is also online, with Robinhood responsible for the technical process to simplify the process for retail investors to participate. However, due to regulatory restrictions in various states, residents of California, Maryland, New Jersey, New York and Wisconsin are currently unable to use the staking service. Starting in October 2025, Robinhood plans to charge a 25% commission on staking rewards, in addition to paying third-party service providers.
US media: Trump is ready to impose a general tariff of 15% or 20%, refuting inflation concerns
According to Jinshi, Trump said in an interview with NBC on Thursday that he plans to impose blanket tariffs of 15% or 20% on most trading partners, and dismissed concerns that further tariffs could have a negative impact on the stock market or drive inflation. "All the remaining countries have to pay, whether it's 20% or 15% (tariffs). We'll solve this problem now. I think these tariffs are welcomed. The stock market hit a new high today," Trump said. "Not everyone has to get a letter. You know. We're just setting tariffs," Trump said. The current general tariff in the United States is 10%.
REX Shares has submitted application documents for TRON-related leveraged ETF to the US SEC
According to The Block, REX Shares has submitted an application document for the "T-REX 2X Long TRON Daily Target ETF" to the US SEC. The document states that the fund "aims to achieve daily leveraged investment returns", which is significantly different from other ETFs. The document states: "Therefore, the risk of the fund may be higher than similar products that do not adopt leverage strategies because its goal is to amplify (200%) TRON's daily performance." The document also mentions that "the fund will use total return swap agreements to obtain exposure to exchange-traded funds or other exchange-traded products that invest in TRON spot or TRON derivatives (such as swaps or futures contracts). "The sponsor of the fund is REX Shares, LLC, and no custodian has yet been listed.
The Party Committee of the Shanghai State-owned Assets Supervision and Administration Commission held a study meeting of the central group on July 10 to study the development trends and response strategies of cryptocurrencies and stablecoins. He Qing, Secretary of the Party Committee and Director of the Shanghai State-owned Assets Supervision and Administration Commission, pointed out that it is necessary to fully implement the spirit of the Seventh Plenary Session of the 12th Municipal Party Committee, adhere to innovation-driven development, maintain a keen sense of emerging technologies, and strengthen research and exploration of digital currencies. Adhere to the integration of production and numbers, and explore the application of blockchain technology in cross-border trade, supply chain finance, asset digitization and other fields. Persist in hard work and improve strategic agility and strategic initiative, further promote the deep integration of science and technology, finance, and industry, better play the important role of state-owned assets and state-owned enterprises in scientific and technological innovation, industrial control, and security support, and make new and greater contributions to the construction of Shanghai's "five centers".
Viewpoint
According to Sentora data, Ethereum has less resistance between $3,000 and $3,100, but if it breaks through $3,100, there may be a large sell-off. The reason is that the ETH held by about 4.1 million addresses has been losing money in the past six months, and the price will recover when it reaches $3,100.
Matrixport released a report this week saying that the price of Bitcoin has broken through a record high. This round of rise has not been driven by leverage, but mainly driven by ETF fund inflows and corporate demand. Data shows that Bitcoin ETFs have attracted a total of US$49 billion in funds, and institutions have steadily entered the market. At the same time, July is a month of strong performance for Bitcoin, and coupled with Washington's "Crypto Policy Week", the market has ushered in a resonance of policy and macro benefits. The review of the "GENIUS Act" in the US Congress has accelerated, and it is expected to have a positive impact on stablecoin regulation and digital asset promotion. As for the Federal Reserve, the three CPI data released recently were all lower than market expectations, and inflationary pressure has eased. The minutes of the June meeting showed that Federal Reserve officials tended to start cutting interest rates this year. The market expects that there may be two rate cuts this year, and the first rate cut may be implemented in September. If the inflation data next week continues to be mild, Federal Reserve Chairman Powell may face greater pressure to cut interest rates. Matrixport said that although the price has reached a new high, the structure of funds and positions shows that the market has not fully digested these benefits, and there is still room for further increases.
Arthur Hayes, co-founder of BitMEX, tweeted that he was a little pessimistic about the market because of the problem of the US government "saving money" (TGA fund replenishment), but now the situation has changed. Bitcoin has broken through its historical high and the trading volume is also strong; Ethereum is following closely and may perform better. He believes that the market is about to usher in a wave of "altcoin frenzy" (alt szn). In addition, he mentioned that the market expects Trump to adjust the tariff policy, which makes investors more confident.
Project News
Grayscale updates its "List of Proposed Assets" and includes 31 tokens in the scope of investigation
Grayscale has updated its "List of Assets to be Included" and "List of Assets in Current Product Holdings", among which the newly included projects include: 1. Smart contract platform: Aptos, Arbitrum, Celo, Mantle, Toncoin, MegaETH, Monad; 2. Financial: Aerodrome, Binance Coin, DeepBook, Ethena, Euler, Hyperliquid, Jupiter, Kamino Finance, Lombard, Maple Finance, Morpho, Pendle, Plume Network; 3. Consumer and cultural: Bonk, Playtron; 4. Artificial intelligence: Aixbt, Grass, Prime Intellect, Story, Virtual; 5. Utilities and services: Jito, LayerZero, Walrus, Wormhole. Grayscale said that the list will be updated quarterly, and whether assets are included will depend on internal control, custody, supervision and other considerations. Users should not regard the list as a commitment to future products.
USD1 Million Incentive Campaign Winners: EGL1, Liberty, Tagger and Lorenzo
According to BUILDon official news, the USD1 1 million USD incentive event generated a total of approximately 299.1 billion USD1 trading volume, accounting for more than 70% of the total USD1 trading volume on BNB Chain. The list of winners includes: EGL1 and Liberty in the emerging meme project category; Tagger and Lorenzo in the existing project category. It is reported that the event was jointly hosted by BUILDon, World Liberty Finance, PancakeSwap and Four Meme.
Users with more than 190 Binance Alpha Points can claim 500 TALE tokens airdrop
Binance announced that it has become the first trading platform to list PrompTale AI (TALE), and trading will officially start at 18:00 Beijing time on July 11, 2025. At the same time, users who hold at least 190 Binance Alpha points can apply for 500 TALE tokens airdrop.
Sunrise, a dedicated DA layer protocol, announced that the $RISE airdrop collection activity has been launched. Eligible users must complete the collection before 7:59 on July 15, Beijing time. The airdrop targets include Gluon / UnUniFi (GUU) stakers, Celestia / LST ($milkTIA + $stTIA) stakers, Sunrise testnet users, Galxe/Cubquest/Intract task participants, and multiple NFT holders. The specific list has been confirmed through snapshots. The $RISE tokens collected will be transferable and tradable after the mainnet and TGE in the third quarter of 2025. It is reported that Sunrise, a dedicated DA layer protocol, announced on June 4 that it had completed a $3 million seed round of financing, with Decima, Animoca Brands Japan, Hyperithm, Cogitent Ventures, MZ Web3 Fund, V3V Ventures, Connectico Capital, MH Ventures and others participating.
Upbit to List ENA Tokens in KRW, BTC, and USDT Markets
According to the official announcement, South Korean crypto exchange Upbit will list ENA tokens in the Korean won, BTC, and USDT markets.
Important data
According to Upbit platform data, the HYPER/KRW trading pair topped the list with a trading volume of 2601.97 billion won, which is nearly five times the second-ranked XRP/KRW (544.897 billion won). According to Binance market data, HYPER rose 455% in 24 hours and is now quoted at $0.649, with a maximum price of $0.6899. Yesterday, Upbit announced that it would list HYPER in the Korean won market and BABY in the BTC and USDT markets.
Trump team-linked wallet deposits $7.03 million worth of TRUMP tokens into Coinbase
According to Onchain Lens, a wallet associated with the TRUMP team deposited 722,010 TRUMP (worth $7.03 million) into Coinbase.
According to Onchain Lens, the total amount of liquidation in the network reached $1.06 billion in the past 24 hours. Among them, one user lost $88.55 million in a single BTC/USDT transaction on the HTX platform.
According to on-chain analyst @ai_9684xtpa, after the giant whale AguilaTrades reopened the BTC 20x long order on 07.09, he has increased his position to 3000.35 BTC in the past day, worth US$347 million, with an opening price of US$109,000.3 and a liquidation price of US$108,430. The current floating profit is US$20.11 million.
A new wallet opened a 20x leverage to short 1,021 bitcoins, worth about $120.3 million
According to Lookonchain monitoring, someone created a new wallet address 0x89Da and withdrew 12 million USDC from Bybit to the Hyperliquid exchange. Subsequently, the address used the funds to open a short position with 20x leverage, shorting 1,021 bitcoins, with a total value of approximately $120.3 million.
According to Lookonchain monitoring, the GMX protocol was previously hacked, and the hacker has chosen to return the stolen $42 million in assets and accept a $5 million white hat bug bounty. Currently, $10.49 million in FRAX has been returned. At the same time, the hacker exchanged another $32 million in assets for 11,700 ETH, which is currently worth about $35 million, and made a profit of about $3 million. It is not clear whether the hacker will return all 11,700 ETH (worth $100 million).
BTC and ETH options with a notional value of over $5 billion will expire today
Greeks.Live macro analyst Adam posted on the X platform that 37,000 Bitcoin options will expire today, with a put/call ratio of 1.05, a maximum pain point of $108,000, and a nominal value of $4.3 billion. At the same time, 240,000 Ethereum options will also expire, with a put/call ratio of 1.11, a maximum pain point of $2,600, and a nominal value of about $710 million.
Ethereum spot ETFs had a total net inflow of $383 million yesterday, the second highest in history
According to SoSoValue data, yesterday (July 10, Eastern Time), the total net inflow of Ethereum spot ETFs was $383 million. The Ethereum spot ETF with the largest net inflow in a single day yesterday was Blackrock ETF ETHA, with a single-day net inflow of $301 million. Currently, ETHA has a total net inflow of $6.154 billion. The second is Fidelity ETF FETH, with a single-day net inflow of $37.2762 million. Currently, FETH has a total net inflow of $1.814 billion. As of press time, the total net asset value of Ethereum spot ETFs is $12.504 billion, and the ETF net asset ratio (market value to Ethereum's total market value) is 3.67%, and the historical cumulative net inflow has reached $5.101 billion.
Bitcoin spot ETFs had a total net inflow of $1.179 billion yesterday, the second highest in history
According to SoSoValue data, yesterday (July 10, Eastern Time), the total net inflow of Bitcoin spot ETFs was $1.179 billion. The Bitcoin spot ETF with the largest net inflow yesterday was Blackrock ETF IBIT, with a single-day net inflow of $448 million. Currently, the total net inflow of IBIT has reached $53.451 billion. The second largest was Fidelity ETF FBTC, with a single-day net inflow of $324 million. Currently, the total net inflow of FBTC has reached $53.451 billion.
Financing/Acquisition
According to Bloomberg, Harmonic, an AI mathematics company co-founded by Robinhood CEO Vlad Tenev, announced the completion of a $100 million Series B financing round with a valuation of $875 million. This round was led by Kleiner Perkins, followed by Sequoia Capital, Index Ventures and Paradigm. The company was founded in 2023 by Tenev and former Helm.ai CEO Tudor Achim to build an AI system that can solve complex mathematical problems, thereby creating what the company calls "mathematical super intelligence." Harmonic plans to open its flagship AI model Aristotle to researchers and the public later this year.
Pump.fun has acquired Solana on-chain wallet tracker Kolscan
According to The Block, Pump.fun announced the completion of the acquisition of Solana's on-chain wallet tracker Kolscan, which is the platform's first acquisition transaction. Kolscan mainly provides real-time profit and loss data and performance ranking functions for on-chain traders. The acquisition amount was not disclosed. Pump.fun co-founder Alon Cohen said that in the future, Kolscan functions will be deeply integrated into the platform, including improving the copy trading analysis module and ranking system. Cohen emphasized that after the acquisition, all Kolscan services will be free, and the tool has accumulated tens of thousands of users.
Game development platform Remix has completed a $5 million seed round of financing, led by Archetype, with participation from Variant, Coinbase Ventures, Lemniscap and Zynga co-founder Justin Waldron, with a total financing amount of $6.75 million. The platform combines AI code generation with hyper-casual games, and currently 570,000 players have experienced 800 games on the platform. Remix, formerly known as Farcade, is characterized by allowing creators to quickly generate games through text prompts and to "mix and match" existing games. The platform plans to make profits through in-game advertising and props commissions, and will soon launch on-chain monetization tools. Currently supports Telegram (based on the TON network) and World App, and will be launched on the new version of Coinbase wallet in the future.
NEXBRIDGE Completes $8 Million Series A Funding, Led by Fulgur Ventures
NEXBRIDGE and its trading platform NEXPLACE have completed an $8 million Series A financing led by Fulgur Ventures, aiming to expand the compliant digital asset issuance and trading ecosystem based on the Bitcoin Liquid Network. NEXBRIDGE has previously launched the first compliant digital asset backed by US debt, USTBL. This round of financing will accelerate the launch of more assets and their distribution across licensed platforms. The two platforms will be fully integrated in the second half of 2025, and the regulatory compliance and asset transparency structure will be strengthened.
Institutional holdings
K Wave Media secures $1 billion in capital to advance Bitcoin vault strategy
According to GlobeNewswire, K Wave Media (NASDAQ: KWM) announced that it has obtained a total of $1 billion in capital capacity to advance its Bitcoin treasury strategy. The company signed a $500 million convertible note agreement with Anson Funds, and the first batch will issue $15 million in senior secured convertible notes and warrants, and at least 80% of the net proceeds will be used to purchase Bitcoin. In addition, K Wave Media has completed the acquisition of the first batch of 88 bitcoins and plans to expand its holdings to 10,000 bitcoins. The company said that this move will not only help strengthen its financial strength, but will also promote the deep integration of its Korean cultural content with the Web3 economy.
KULR purchased 90 Bitcoins for about $10 million
KULR purchased 90 bitcoins for about $10 million, at a unit price of about $108,884. As of July 9, 2025, KULR holds a total of 1,021 bitcoins, with a cumulative purchase amount of about $101 million and an average purchase price of about $98,627. The return on bitcoins this year has reached 291%.
SharpLink Gaming, a listed company, increased its holdings of 12,648 ETH today, worth $35.31 million
According to on-chain analyst Ember, listed company SharpLink Gaming (NASDAQ: SBET) continued to purchase 12,648 ETH (worth $35.31 million) 5 hours ago. Since adopting an ETH reserve strategy similar to MicroStrategy in early June, the institution has accumulated 222,000 ETH in more than a month, with an average purchase cost of about $2,617 and a current floating profit of $72.62 million.
Remixpoint purchased 116.72 bitcoins, with a total holding of more than 1,168 bitcoins
Remixpoint announced that it has completed the purchase of 116.72016341 bitcoins today, with an average purchase price of 17.135 million yen and a total amount of 2 billion yen, based on the use of funds from the previously issued 4th unsecured private placement. The company's current total bitcoin holdings have reached 1168.28219616, with an average purchase price of approximately 14.6579 million yen. Earlier news, Remixpoint raised 31.5 billion yen to purchase bitcoins, and plans to increase its holdings to
