Today's news tips:
1. Next week's macro outlook: CPI Judgment Day is coming, Bitcoin may continue to hit a record high
2. Xu Zhengyu: A small number of stablecoin licenses will be issued in the first phase, and the tokenization of financial assets is expected to extend to ETFs
3. PUMP token public sale has completed 100% sales progress
4. Analysis: The difference of $100 million in the public sale of pump.fun may be due to the fact that the systems of the three exchanges have not yet been successfully synchronized.
5. About 10,000 wallets successfully bought PUMP pre-sale, with a participation rate of about 42.3%
6. Pudgy Penguins NFT sales exceeded $2 million in the past 24 hours
7. The Czech Central Bank includes Coinbase in its portfolio and increases its holdings in Palantir
8. Bitcoin mining difficulty has increased by 7.96% to 126.27 T yesterday
Regulatory/Macro
Next week's macro outlook: CPI Judgment Day is coming, Bitcoin may continue to hit a record high
Although the July 9 tariff deadline has passed, market participants are still facing many uncertainties. US President Trump has begun to send letters to inform the tariff rates, most countries are still in intense negotiations with the United States, and the August 1 tariff implementation date is approaching. Cryptocurrency is another winner this week. Some analysts pointed out that Bitcoin continues to set new historical highs as institutional investors continue to pour in. Looking ahead to next week, the United States will release the latest CPI data and retail sales data, which is known as the "horror data", which will affect when the Federal Reserve will cut interest rates. In addition, investors need to be wary of how Trump will "make trouble". The following are the key points that the market will focus on in the new week:
At 14:45 on Tuesday, Collins, 2025 FOMC voting member and President of the Boston Fed, delivered a speech;
At 21:15 on Tuesday, Federal Reserve Board Governor Bowman delivered a welcome speech at a conference hosted by the Federal Reserve;
At 00:45 on Wednesday, Federal Reserve Board Governor Barr delivered a speech at a conference hosted by the Federal Reserve;
At 02:45 on Wednesday, Collins, 2025 FOMC voting member and President of the Boston Fed, delivered a speech;
At 07:45 on Wednesday, Dallas Fed President Logan will give a speech on the U.S. economy;
At 21:15 on Wednesday, Cleveland Fed President Hammack delivered a speech;
At 02:00 on Thursday, the Federal Reserve will release the Beige Book on economic conditions;
At 20:30 on Thursday, the monthly rate of U.S. retail sales in June, the number of initial jobless claims in the U.S. for the week ending July 12, the Philadelphia Fed manufacturing index in July, and the monthly rate of the import price index in June;
At 05:30 on Thursday, FOMC permanent voting member and New York Fed President Williams will deliver a speech on the U.S. economy and monetary policy;
At 22:00 on Friday, the initial value of the US one-year inflation rate forecast for July will be released.
The risk of the US CPI seems to be tilted to the downside. The slowdown in inflation may allow some market participants to reopen bets on the possibility of a rate cut in July, which in turn may end the recent recovery of the US dollar. The market currently predicts that the data will go higher, with the annual rate rising from 2.4% in May to 2.7%, and the monthly rate rising from 0.1% to 0.3%. If this expectation is true, it will undoubtedly be a major blow to the Fed's rate cut.
Czech Central Bank Adds Coinbase to Portfolio, Increases Palantir Stake
The Czech National Bank adjusted its U.S. portfolio in the second quarter, increasing its holdings in Palantir Technologies and establishing a new position in cryptocurrency exchange Coinbase Global. The bank has increased its holdings of Coinbase by 51,732 shares, worth more than $18 million, according to documents. The Czech National Bank also increased its holdings of Palantir by 49,135 shares in the second quarter of this year, bringing its total holdings to 519,950 shares as of the end of June.
Data analytics company Palantir's shares surged 80% in the first half of 2025, outperforming the S&P 500's 5.5% gain. The company benefited from a strong earnings report and growing investor interest in artificial intelligence. Coinbase shares rose 41% in the first half of 2025 and have risen another 10% in the weeks that followed. The exchange's shares have also risen about 60% in the past month, according to Google Finance.
Viewpoint
According to Glassnode’s post on the X platform, wallets that usually hold less than 100 BTC are called “Bitcoin shrimps, crabs, and fish.” Such Bitcoin wallets are currently accumulating Bitcoin at an accelerated rate of about 19,300 BTC/month, while miners’ mining output rate is only about 13,400 BTC/month, which means that the continued net absorption of BTC by small holders in the market is causing a measurable supply tightening.
Blockware Intelligence predicts that in the next six months, at least 36 new listed companies are expected to include Bitcoin in their balance sheets, a 25% increase from the current 141 listed companies holding Bitcoin. Analysts point out that the companies currently increasing their holdings of Bitcoin are mainly emerging companies or companies facing operational challenges.
In an interview, Hong Kong Financial Services and Treasury Bureau Secretary Paul Hui said that only a small number of stablecoin licenses will be issued in the first phase. As for whether the RMB stablecoin can be issued, he said that the law does not restrict the pegged currency, but if it involves other regional currencies, it may be necessary to discuss with relevant institutions. The government issued the Digital Asset Development Policy Declaration 2.0 and also proposed to promote the "tokenization" of financial assets. Paul Hui said that Hong Kong already has experience in issuing token green bonds, and the next step is to extend it to exchange-traded funds ETFs, and believes that commodity transactions such as metals can also be studied in token payments.
Project News
James Wynn has closed his X account
James Wynn (@JamesWynnReal) has cancelled his X account, and the X platform currently shows "This account does not exist".
PUMP token public sale has completed 100% sales progress
According to the official page information, the PUMP token public sale has completed 100% of the sales progress, and the amount of funds raised has reached US$500 million so far.
According to the on-chain analyst Aunt Ai (@ai_9684xtpa), the public offering data on the PUMP chain shows:
- 12 minutes to reach the full USD 500 million limit
- 185 addresses with a size of 1M
- 121 addresses with deposits of 50K or more
- USDC accounts for 97%, and USDT accounts for only about 3%
According to on-chain analyst Aunt Ai (@ai_9684xtpa), the pump.fun official website only shows that $500 million was sold out of the original $600 million. The remaining $100 million difference is speculated to be due to the failure of the public sale systems of the three exchanges Bitget/Bybit/MEXC to synchronize successfully, resulting in the progress displayed on the front page of the official website always being 0. The team can only redistribute the $100 million quota.
Bybit tweeted that the PUMP token sale has now ended and the allocation results are under review. Due to an unexpected API delay, the sale was oversubscribed, resulting in some users successfully obtaining quotas while others failed to obtain them. For users who have submitted their subscriptions but whose funds are still frozen, the platform is currently verifying the final allocation results. Users who did not receive allocations due to unexpected API delays will have their funds fully refunded.
The difficulty of Bitcoin mining has increased by 7.96% to 126.27 T yesterday
According to CloverPool data, the difficulty of Bitcoin mining has been adjusted at block height 905,184, with the mining difficulty increased by 7.96% to 126.27 T.
Important data
Pudgy Penguins NFT sales exceed $2 million in the past 24 hours
According to the latest data from CryptoSlam, Pudgy Penguins NFT sales surged to over US$2 million in the past 24 hours, reaching approximately US$2,225,059, with a 24-hour trading volume of 67 transactions, possibly due to the fact that multiple crypto project owners such as Coinbase and OpenSea changed their social media profile pictures to the "Fat Penguin" Pudgy Penguins NFT theme. Its floor price increased by approximately 26% to 11.8 ETH.
About 10,000 wallets successfully bought PUMP pre-sale, with a participation rate of about 42.3%
According to @Adam_Tehc's data panel, 23,959 wallets completed KYC in the PUMP token pre-sale, and 10,145 wallets successfully bought in, with a participation rate of 42.3%; the average purchase amount was $44,209, 5,758 wallets participated in the amount less than $1,000, and 202 addresses reached the hard cap limit of $1 million per wallet. The proportions of website pre-sales and CEX pre-sales were 89.7% and 10.3% respectively.
CryptoSlam data shows that NFT market transaction volume increased by 20.67% to $122.6 million in the past week. Market participation has shrunk significantly, with the number of NFT buyers plummeting by 89.08% to 88,157, and the number of NFT sellers plummeting by 82.62% to 56,817. The number of NFT transactions remained relatively stable, increasing by 1.63% to 1,357,999.
The Ethereum network regained its dominance, with a transaction volume of $50 million, a surge of 133.36% from the previous week. The Bitcoin network transaction volume was $15.5 million, an increase of 50.12%. The Polygon network transaction volume was $14.6 million, a decrease of 41.86%. The Mythos Chain network transaction volume was $14 million, a decrease of 2.43%.
This week's top deals include:
- Autoglyphs #195 sold for 95 ETH ($283,623)
- Otherdeed Expanded #7 sold for 100 WETH ($278,128)
- Autoglyphs #194 sold for 215,000 USDC ($215,000)
- Autoglyphs #139 sold for 75 WETH ($189,994)
- BOOGLE sold for 1,150.02 SOL (approximately $174,304)
Institutional holdings
According to Cointelegraph, Norwegian industrial investment company Aker ASA announced that it would seek capital balance allocation through BTC. It currently holds 754 coins, worth approximately US$82 million, accounting for 1.7% of the company's market value. The company stated that Bitcoin, as a tool to hedge against inflation/currency fluctuations, can support its diversification and value creation strategy in industrial assets, and will pursue sustainable investment in the future.
Singapore-based Nasdaq-listed Davis Commodities (DTCK) today disclosed its intention to evaluate the establishment of a Solana (SOL) strategic reserve as part of its broader digital innovation and funding diversification roadmap. DTCK is currently evaluating the feasibility of the following initiatives:
- Diversify fund allocation: Consider allocating 5-10% of funds to Solana, subject to internal risk assessment and compliance review.
- Tokenized Commodity Integration: Exploring the use of SOL as a utility asset for pilot projects involving tokenized ESG-certified agricultural trade and carbon credit-linked settlement.
- Infrastructure Partnerships: Initial discussions with blockchain infrastructure providers to evaluate stablecoin interoperability and on-chain settlement capabilities.
Davis Commodities launched its digital asset treasury strategy in June this year and announced a $30 million strategic growth plan, 40% of which will be invested in Bitcoin reserves to include it on the balance sheet as a strategic financial asset.
Public Company Nuvve Issues $4.8 Million of Common Stock to Build HYPE Reserve
Nuvve, a Nasdaq-listed clean energy electric vehicle charging technology company, announced the issuance of 5,029,403 shares of common stock (or common stock equivalents) at a public offering price of $0.95 per share, raising a total of approximately $4.8 million. Part of the net proceeds from this offering will be used to advance the expansion of its corporate financial strategy to include HYPE (Hyperliquid's native token). All common shares to be sold in this offering will be sold by the company itself. The offering is expected to be completed on or about July 14, 2025, subject to customary closing conditions.
