Bitwise CEO: Ethereum's real competitors are Web2 and traditional finance, not Bitcoin
Bitwise CEO Hunter Horsley tweeted that Ethereum is not competing with Bitcoin, but with Web 2.0 and traditional financial services software. He said that in the next 6 to 12 months, the industry will gradually get rid of the "CoinMarketCap" era and no longer regard all crypto assets as homogeneous products that are only differentiated by market value. Just as the applications on the iPhone have similar technical foundations but different use cases, there are also diversity and differences in opportunities between different blockchains.
More than 50 companies in Hong Kong intend to apply for stablecoin licenses
According to Hong Kong 01, with the Stablecoin Ordinance to be officially implemented on August 1, 50 to 60 companies are interested in applying for Hong Kong stablecoin licenses, half of which are payment institutions and the other half are well-known Internet companies, most of which have Chinese backgrounds. The industry expects that only 3 to 4 licenses will be issued in the first phase, and the initial stablecoins will mainly be pegged to the Hong Kong dollar and the US dollar.
Bitcoin's record high price does not trigger a surge in searches
According to Bitcoin News, although the price of Bitcoin hit a new high of $119,444 on the Bitstamp exchange, Google Trends data shows that the public's search interest in Bitcoin is far from the heat during the bull market in 2021 and 2017. Analysts believe that the current retail market sentiment is relatively calm, and the price increase has not attracted large-scale attention.
Lagrange Foundation may buy back $LA tokens to stabilize price
The Lagrange Foundation said in a statement that it has noticed the price fluctuations of $LA and announced that it may participate in the repurchase of $LA tokens in the future to help stabilize the price. The Foundation stated that all actions will comply with relevant laws and regulations, and the repurchase situation will be disclosed to the community after it occurs.
Core staking wallet transfers 1,803 BTC to Binance
According to Onchain Lens, 14 hours ago, the Core (Core DAO) staking wallet transferred 1,803 bitcoins worth approximately $214 million to Binance.
Several CEXs have received $PUMP tokens and may open soon
According to Ember, the six centralized exchanges (CEX) participating in the $PUMP public offering have all received $PUMP tokens. On-chain data shows that Kraken holds 7.5 billion, Bitget holds 7.5 billion, Gate holds 6.4 billion, Bybit holds 5 billion, MEXC holds 5 billion, and Kucoin holds 4.1 billion. The market expects that $PUMP may open for trading tonight or tomorrow.
SharpLink Gaming purchased another 16,374 ETH 7 hours ago, and its holdings have reached 270,000
According to Ember, SharpLink Gaming purchased another 16,374 Ethereum (ETH) 7 hours ago, worth about $48.85 million. Its total ETH holdings have now increased to 270,000. Since starting to reserve ETH in the "micro-strategy" mode in early June, SharpLink Gaming has purchased a total of 270,000, with an average purchase price of about $2,667, and currently has a floating profit of about $81.8 million.
In an interview with The Sunday Times, Andrew Bailey, Governor of the Bank of England, warned that banks issuing stablecoins could pose systemic risks, threaten the stability of the financial system, and could lead to a loss of control over sovereign currencies. He suggested that the Bank of England should focus on deposit tokenization rather than launching a central bank digital currency (CBDC) or centralized digital fiat currency. Bailey currently serves as the chairman of the Financial Stability Board (FSB), an international financial regulator, and may strengthen supervision of stablecoins in the future. In addition, officials from many European countries have also expressed concerns about the US plan to promote a stablecoin for the US dollar, believing that this could threaten the status of the euro.
Huang Renxun will hold a media briefing in Beijing on July 16
According to Reuters, an executive of Nvidia said on the 13th that the company's CEO Huang Renxun will hold a media briefing in Beijing on July 16. Two US senators wrote to Huang Renxun on the 11th regarding this trip to China, asking him not to meet with companies suspected of undermining US chip export controls. In addition, they also asked Huang Renxun to avoid contact with entities on the US export restriction list. According to the Financial Times, Nvidia will launch a new version of artificial intelligence chips customized for the Chinese market as early as September. It is reported that the third China International Supply Chain Promotion Expo will open in Beijing on July 16, and Nvidia will participate in the exhibition for the first time. According to the Financial Times, citing people familiar with the matter, Nvidia CEO Huang Renxun will also go to Beijing to attend the event. In addition to promoting Nvidia's new products, he will also reiterate his long-term commitment to the Chinese market.
1inch team investment fund sold 904,000 1INCH at an average price of $0.33
According to the monitoring of on-chain analyst Yu Jin, 1inch team investment fund sold 904,000 1INCH at $0.33 on the chain 20 minutes ago in exchange for 298,000 USDC. And they also transferred 2 million USDC to Binance 3 hours ago.
Former Fed Governor Walsh: The Fed should cut interest rates now
According to Jinshi, former Federal Reserve Board member Walsh said that the Fed should cut interest rates now. When commenting on the renovation of the Federal Reserve building, he responded that it was "too shocking."
According to on-chain analyst Aunt Ai (@ai_9684xtpa), BTC has hit a new historical high. The 40x short position of the "whale who has shorted BTC four times since March 2025" has a floating loss of 12.84 million US dollars. His opening price was 107,973.5 US dollars and the liquidation price was 126,480 US dollars. He added 5.5 million USDC the day before yesterday, so there is still some distance from liquidation.
According to @ai_9684xtpa's monitoring, the PUMP project has transferred a total of 20.15 billion tokens to various exchanges in the past 2 hours: - Gate: 6.41 billion (most likely including 2.5 billion from Launchpad) - Bybit: 5 billion - Suspected Kraken: 7.5 billion - Address 2XQbX...iNrPm: 1.25 billion The ownership of the last two addresses has not yet been determined, but they are most likely exchange addresses.
Binance Alpha launches Sperax (SPA), users with at least 160 points can claim token airdrop
Sperax (SPA) is now available on Binance Alpha. Users with at least 160 Binance Alpha points can claim 4,607 SPA tokens on a first-come, first-served basis until the airdrop pool is full or the event ends. Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim within 24 hours on the Alpha event page, otherwise they will be deemed to have waived the airdrop.
According to Jinshi, White House economic adviser Hassett said that if there is reason to fire Federal Reserve Chairman Powell, Trump has the right to take action.
According to Jinshi, White House economic adviser Hassett said that US President Trump has a preliminary understanding of the framework of some proposed trade agreements and believes that these agreements need to be further improved. If Trump believes that the tariff proposals he has received are not good enough, the tariffs will be implemented.
According to Token Unlocks data, TRUMP, ARB, SEI and other tokens will usher in large-scale unlocking next week, among which: Official Trump (TRUMP) will unlock about 90 million tokens at 8:00 am Beijing time on July 18, which is 45% of the current circulation and worth about 878 million US dollars; Arbitrum (ARB) will unlock about 92.65 million tokens at 9:00 pm Beijing time on July 16, which is 1.87% of the current circulation and worth about 38.2 million US dollars; Sei (SEI) will unlock about 55.56 million tokens at 8:00 pm Beijing time on July 15, which is 1.00% of the current circulation and worth about 18 million US dollars; Starknet (STRK) will unlock about 127 million tokens at 8:00 am Beijing time on July 15, which is 3.53% of the current circulation and worth about 17.6 million US dollars; UXLINK (UXLINK) will unlock about 37.5 million tokens at 8:00 am Beijing time on July 17, which is 9.17% of the current circulation and worth about 14.2 million US dollars; Solv Protocol (SOLV) will unlock about 252 million tokens at 6:00 pm Beijing time on July 17, which is 17.03% of the current circulation and worth about 11.3 million US dollars; ApeCoin (APE) will unlock about 15.6 million tokens at 8:30 pm Beijing time on July 17, which is 1.95% of the current circulation and worth about 10.3 million US dollars; Cloud (CLOUD) will unlock about 125 million tokens at 11:00 pm Beijing time on July 18, which is 37.92% of the current circulation and worth about 10.3 million US dollars; ZKsync (ZK) will unlock about 173 million tokens at 4:00 pm Beijing time on July 17, which is 2.41% of the current circulation and worth about 9.6 million US dollars; Melania Meme (MELANIA) will unlock approximately 26.25 million tokens at 8:00 a.m. Beijing time on July 18, accounting for 4.07% of the current circulation and worth approximately US$5.2 million.
LianLian Digital, a Hong Kong-listed company, issued an announcement announcing the issuance of 38.4 million new H shares with a par value of RMB 1.00 per share of the company's registered capital. The placement price of each placement share is HKD 10.25. Assuming that all the placement shares are placed, the total amount of funds raised from the placement is estimated to be approximately HKD 394 million. The company intends to use the net proceeds for the innovation and application of innovative technologies such as blockchain in the global payment field, global business and license expansion, and general corporate purposes.
Michael Saylor releases Bitcoin Tracker information again, and may disclose holdings data next week
Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), once again released information about Bitcoin Tracker on the X platform, writing: “Sometimes you don’t just HODL.” According to previous rules, Strategy always discloses information about increasing its holdings of Bitcoin the day after the relevant news is released.
1inch team investment fund transfers another 2 million USDC to Binance
According to on-chain analyst Yu Jin's monitoring, after transferring 2 million USDT to Binance yesterday afternoon, the 1inch team investment fund withdrew 6.334 million 1INCH today, and transferred another 2 million USDC to Binance 10 minutes ago, and purchases are still continuing.
According to Jinshi, European Commission President Ursula von der Leyen said that the suspension of countermeasures against US tariffs will be extended to early August. She has always made it clear that she prefers to reach a solution through consultation with the United States, and this position remains unchanged. Countermeasures are designed for extraordinary situations and have not yet reached the stage of use.
Analysts: Trump's new tariff threat may have negative impact
According to Jinshi, analysts expressed concerns about the economic and diplomatic consequences of U.S. President Trump's threat on Saturday to impose a 30% tariff on goods imported from Mexico and the European Union starting August 1. Mary Lovely, a senior fellow at the Peterson Institute for International Economics, warned that Trump's tariffs would lead to price increases and job losses in due course, while Alan Sykes of Stanford Law School said he was concerned about whether the United States could be seen as a credible party in future negotiations.
The “Insider Whale”’s FARTCOIN short position has increased to $18.58 million
According to the monitoring of chain analyst Ai Yi (@ai_9684xtpa), the "insider whale" FARTCOIN short position has increased to 18.58 million US dollars. Currently, all three positions are short, with an overall floating profit of 547,000 US dollars. BTC 40x short position: 1273.58 positions, worth 150 million US dollars, opening price 117,828.8 US dollars; ETH 25x short position: 33742.74 positions, worth 99.74 million US dollars, opening price 2,966.63 US dollars; FARTCOIN 25x short position: 15 million positions, worth 18.56 million US dollars, opening price 1.2543 US dollars.
Binance co-founder CZ retweeted Matt Wallace (@MattWallace888) on the X platform, saying: "There is evidence that Coinbase may be the "anonymous" source of the attack on President Trump's family crypto project World Liberty Financial and Binance. Coinbase learned that CZ might be pardoned. Due to its industry's high fees and poor customer service, the top executives of the cryptocurrency company are worried that its competitor Binance will return to the United States in a completely legal position. Binance is the world's number one cryptocurrency exchange. Returning to the U.S. market will immediately weaken Coinbase's market share and severely damage its profitability. Most shockingly, Coinbase has pointed the finger at President Trump in an attempt to undermine the interests of its competitors. Will Coinbase confess and take responsibility for its wrong decision? The answer will soon be revealed."
Trump leaves room for further tariff adjustments
The EU has been trying to reach a temporary deal with the US to avoid higher tariffs, but Trump's letter dashed the EU's recent optimism, according to Jinshi. However, Trump did leave room for further adjustments. "Like previous letters, there are a lot of conditions and clauses to reduce these tariffs, which may be why the market may not like the tariff negotiations, but also not panic about it," wrote Brian Jacobson, chief economist at Annex Wealth Management.
1inch team investment fund withdraws 6.334 million 1INCH from Binance
According to on-chain analyst Yu Jin's monitoring, after transferring 2 million USDT to Binance yesterday afternoon, the 1inch team investment fund withdrew 6.334 million 1INCH an hour and a half ago. Since July 6, they have purchased 13.23 million 1INCH with 3.43 million USDC on the chain, and transferred 7.97 million USDT to Binance to purchase 32.41 million 1INCH back to the address. During this period, the price of 1INCH rose by 100% (US$0.18 → US$0.36). Now, the 1inch team investment fund has spent a total of 13.64 million USDC to purchase 55.85 million 1INCH since February, with an average price of US$0.244, and currently has a floating profit of US$5.13 million.
