Important information from last night and this morning (July 16-July 17)

Tether's circulation exceeds $160 billion, setting a new record high

According to the transparency data on Tether's official website, the current net circulation of USDT has reached 160.261 billion US dollars, setting a record high. In terms of chain, Tron, Ethereum, and Solana are dominant, with circulations of 80.117 billion, 75.637 billion, and 18.864 billion US dollars, respectively. Tether CEO Paolo Ardoino wrote that this achievement demonstrates the unparalleled practicality of USDT as a digital dollar in emerging markets.

Raydium has repurchased 69.1 million RAYs with a total of US$190 million, accounting for 25% of the circulation.

According to data released by Infra, as of July 2025, Raydium has invested a total of US$190.4 million in USDC to repurchase $RAY, with a cumulative repurchase amount of 69.1 million pieces, accounting for 25% of its circulating supply.

Argot Collective sold 1,210 ETH again 4 hours ago for 4.09 million USDC

According to Embers, the non-profit development organization Argot Collective sold another 1,210 ETH 4 hours ago for 4.09 million USDC. Since July 11, the organization has exchanged a total of 3,626.6 ETH for 11.2 million USDC, with an average selling price of $3,089.

SharpLink Gaming continues to increase its holdings of Ethereum, with cumulative holdings exceeding 320,000

According to Embers, SharpLink Gaming has purchased another 20,279 ETH in the past 4 hours through Coinbase Prime and Galaxy Digital, worth about $68.38 million. Since the beginning of June, SharpLink Gaming has purchased a total of 321,000 ETH in micro-strategy mode, with an average purchase price of about $2,745, and the current floating profit has reached $204 million. It is worth noting that the number shown by Arkham data does not include the 77,000 ETH directly pledged.

Fourth Paradigm plans to place 25.9 million shares to raise more than HK$1.3 billion for RWA, stablecoin and other fields

Fourth Paradigm, a Hong Kong-listed company, announced today (before the trading hours of the Hong Kong Stock Exchange) that the company has entered into a subscription agreement with the subscriber, pursuant to which the subscriber has conditionally agreed to subscribe and the company has conditionally agreed to allot and issue a total of 25.9 million subscription shares at a subscription price of HK$50.50 per share, with a total consideration of approximately HK$1,307,950,000. The announcement stated that the net proceeds from the subscription were approximately HK$1,306.18 million, 50% of which would be used for R&D investment in products and solutions with full-range artificial intelligence capabilities in emerging fields such as embodied intelligence, smart devices, blockchain, real-world assets (RWA) and stablecoins; 40% for global business expansion and potential mergers and acquisitions in emerging fields such as embodied intelligence, smart devices, blockchain, real-world assets (RWA) and stablecoins; and 10% for general corporate purposes.

CME Group has made it clear that it will not launch memecoin derivatives and is considering 24/7 crypto trading

According to CoinDesk, the world's largest derivatives exchange, CME Group, said that due to the lack of practical application scenarios, there is currently no plan to launch derivatives related to memecoin. CME has recently expanded to Solana and XRP futures, and attracted a large number of institutional investors, with related product trading volumes reaching billions of dollars. In addition, CME is exploring whether to extend trading hours to 24/7 to better align with the crypto market, but no formal decision has been made.

Trend Research has transferred 79,471 ETH to Binance to reduce its holdings

According to Embers, Trend Research has transferred 79,471 ETH (about $250 million) to Binance for reduction. Since the reduction began, its on-chain borrowing has decreased from $275 million before the sale of ETH to the current $168 million. This means that the institution has sold at least $107 million worth of ETH in the past day. Currently, the on-chain address of Trend Research still holds about 108,000 ETH (about $367 million).

World Liberty Fi spent tens of millions of dollars to buy 3007.4 Ethereum in the past 9 hours

According to Onchain Lens, World Liberty Fi spent $10 million USDC in the past 9 hours to purchase 3,007.4 Ethereum at $3,325 per ether.

UK MPs call for ban on cryptocurrency political donations

According to Cointelegraph, several British MPs have recently called for a ban on the use of cryptocurrencies for political donations, fearing that they are difficult to track and may lead to foreign interference. Cabinet Office Minister Pat McFadden said that existing legislation needs to be updated in a timely manner to ensure that political financing is transparent and credible. Earlier, the British Reform Party announced that it would accept Bitcoin donations, which attracted attention from all walks of life. Anti-corruption agencies warned that allowing cryptocurrency donations would increase the risk of criminal funds flowing into the political field. In addition to the UK, Ireland and some states in the United States have also imposed bans on cryptocurrency political donations.

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

The U.S. House of Representatives passed a procedural vote on cryptocurrency bills. The Republican-led U.S. House of Representatives successfully passed a key procedural vote on Wednesday, paving the way for a final vote on several cryptocurrency-related bills, which would mark a huge victory for the digital asset industry. A day earlier, conservative Republicans blocked the passage of a procedural motion, causing the relevant process to be deadlocked. Trump intervened to save the bill.

U.S. stocks closed: the three major stock indexes closed slightly higher, and Circle rose 19%

At the close of US stocks on Wednesday, the Dow Jones Industrial Average initially closed up 0.5%, the S&P 500 closed up 0.3%, and the Nasdaq rose 0.25%. Circle (CRCL.K) rose 19.3%, ASML (ASML.O) fell more than 8%, and Tesla (TSLA.O) rose 3.5%. The Nasdaq China Golden Dragon Index fell 1.4%, Alibaba (BABA.N) fell 1%, and Baidu (BIDU.O) fell more than 7%.

Coinbase launches Base App to create a one-stop social and trading platform

According to The Block, Coinbase officially released the Base App, upgrading the original Coinbase Wallet to a "universal application" that integrates social networking, mini-apps, transactions, and USDC instant payments. The new platform is based on the Ethereum Layer 2 Base ecosystem. Users can view friends' transactions in real time in social dynamics, directly exchange tokens, and realize the income of content creators through the Farcaster protocol. The Base App also has hundreds of mini-apps built in, supporting NFC one-click USDC payments and encrypted chats. Coinbase said that this move is aimed at making on-chain operations as simple as using ordinary apps. It will gradually open public beta in the future and invite developers to integrate the "Sign in with Base" function.

ETH breaks through $3,400, up 4.79% on the day

The OKX market data shows that ETH has just broken through $3,400 and is currently trading at $3,400.08 per coin, with a daily increase of 4.79%.

Trump denies drafting letter to fire Fed Chairman Powell

According to Jinshi, Trump denied drafting a letter to fire Fed Chairman Powell. US President Trump recently said: "Fed Chairman Powell has been acting too late and performing poorly, and we will continue to meet challenges." When asked whether he would fire Fed Chairman Powell, Trump said: "There is no plan. But there will be changes in the next eight months, and someone who performs well will be appointed. We will consider Hassett, director of the White House National Economic Council, for a relevant position in the Fed. We are only interested in "low interest rate people" as Fed chairman."

The probability of a rate cut by the Federal Reserve in September is close to 70%

According to Jinshi, Trump hinted that he would fire Fed Chairman Powell. CME's "Fed Watch" data showed that the probability of the Fed keeping interest rates unchanged in July was 95.3%, and the probability of a 25 basis point rate cut was 4.7%. The probability of the Fed keeping interest rates unchanged in September dropped to 32%, the probability of a cumulative 25 basis point rate cut was 64.9%, and the probability of a cumulative 50 basis point rate cut was 3.1%.

New York Times: Trump has drafted a letter to fire Fed Chairman Powell

According to a report from the New York Times, US President Trump has drafted a letter to fire Federal Reserve Chairman Powell.

White House official: Trump may soon fire Fed Chairman Powell

According to Jinshi, White House officials said that US President Trump may soon fire Federal Reserve Chairman Powell, and there is no definite timetable for the decision.

Publicly traded Windtree signs $60 million securities purchase agreement to launch BNB treasury strategy

According to Business Insider, Windtree (WINT), a US-listed company, announced that it has signed a $60 million securities purchase agreement with Build and Build Corp. Future subscriptions may generate a total return of up to $140 million, with a total subscription amount of up to $200 million. The proceeds from this fundraising will be mainly used to launch the BNB treasury strategy and acquire BNB. Windtree is expected to become the first Nasdaq-listed company to provide direct investment exposure to BNB tokens.

U.S. Ethereum reserve concept stocks rose strongly, and the market is focusing on the U.S. "Crypto Week" legislation

According to Zhitong Finance, on Wednesday, Ethereum reserve concept stocks in the U.S. stock market rose strongly, with GameSquare (GAME.US) soaring more than 40%, BTCS Inc (BTCS.US) rising more than 22%, Bitmine Immersion Technologies (BMNR.US) rising more than 15%, Bit Digital (BTBT.US) rising more than 12%, and SharpLink Gaming (SBET.US) rising more than 11%. On the news front, the price of Ethereum approached $3,200, up nearly 3% on the day. In addition, in this week known as "Crypto Week", the U.S. House of Representatives will consider three bills aimed at comprehensively reforming U.S. cryptocurrency policies. Josh, an analyst at TPICAP's digital assets department, said in a report that this could pave the way for more institutional adoption of cryptocurrencies.

Binance Wallet Launches BAS (BAS) Pre-Sale and Booster Events

According to the official announcement, Binance announced the launch of two exclusive activities about BAS in the Binance wallet: 1. Pre-sale event (Pre-TGE): eligible users can subscribe to the BAS token before it goes online for trading. 2. Booster event by completing weekly tasks and supporting the early development of the project, share an additional 600 million BAS airdrop rewards. It is reported that BAS is a native verification and reputation layer built on the BNB Chain, supporting on-chain KYC, identity authentication and asset proof, suitable for scenarios such as RWA, DeFi and token issuance, and aims to serve the scalability and compliance of the Binance ecosystem.

Tether Treasury mints 2 billion USDT on Ethereum

According to Whale Alert monitoring, Tether Treasury has just minted a total of 2 billion USDT in two batches on the Ethereum chain.

Hyperion (RION) is now available on Binance Alpha

According to the official page, Binance Alpha has launched Hyperion (RION).

SRM Entertainment, a US-listed company, officially changed its name to Tron Inc. and its stock code was changed to TRON

According to Globenewswire, SRM Entertainment, a US-listed company, has officially changed its name to Tron Inc. It will also change its stock code from "SRM" to "TRON" on the Nasdaq starting July 17, 2025. Earlier news said that Tron planned to conduct a reverse merger with SRM Entertainment to go public.

Binance Alpha to Delist LLM, GNON, NEUR, TRISIG

According to the official announcement, after a comprehensive review, Binance Alpha will delist the following tokens: LLM, GNON, NEUR, TRISIG at 13:00 UTC on July 16, 2025. After delisting, these tokens will still be allowed to be sold on Binance Alpha.

Bank of America CEO: May collaborate with other partners on stablecoins

According to Jinshi, Bank of America CEO Moynihan said that we may cooperate with other partners on stablecoins.

Bulgaria's 2018 Bitcoin Sales Cost It $25 Billion in Debt Repayment

According to Cointelegraph, a batch of confiscated Bitcoins disposed of by the Bulgarian government in 2018 has exceeded the country's total public debt at the current market price. The 213,500 Bitcoins were seized in 2017 during the crackdown on organized crime and sold for about $3.5 billion at the time. If they were held until now, their value would reach $25.2 billion - 5% higher than the country's latest $24 billion national debt, which made Bulgaria miss an excellent opportunity to repay its debts.

The giant whale AguilaTrades increased its BTC 20x long position to $476 million this evening

PANews reported on July 16 that according to monitoring by on-chain analyst @ai_9684xtpa, the giant whale AguilaTrades increased its BTC 20x long position back to US$476 million this evening. The current opening price is US$118,130, the liquidation price is US$115,700, and the floating profit is US$3.94 million.

GMX: GLP's funds on Arbitrum have been fully recovered

GMX officially announced the follow-up progress of the GMX V1 vulnerability attack on Arbitrum, which cost about $42 million. After successful negotiations, GLP's funds on Arbitrum have been fully recovered. The funds have been returned and are currently being kept by the DAO, waiting to be distributed to liquidity providers in the Arbitrum GLP vault.

The annual rate of PPI in the United States in June was 2.3%, and the monthly rate of PPI in June was 0%

According to Jinshi.com, the annual rate of PPI in the United States in June was 2.3%, which was expected to be 2.5%, and the previous value was revised from 2.60% to 2.7%. The monthly rate of PPI in the United States in June was 0%, which was expected to be 0.20%, and the previous value was revised from 0.10% to 0.3%.

GameStop Considers Accepting Cryptocurrency Payments for Trading Cards, Collectibles

According to Cointelegraph, GameStop CEO Ryan Cohen said in an interview with CNBC's "Squawk Box" on Tuesday that due to rising costs, the company adjusted its strategy to reduce its reliance on hardware and focus on trading cards and collectibles, and these products may be purchased with cryptocurrencies in the future. He said that if there is an opportunity to buy trading cards with cryptocurrencies, he will pay attention to the actual demand. He believes that "in addition to investment, cryptocurrencies are also a hedge against inflation, which is its biggest demand at present. The actual use of cryptocurrencies in transactions is an opportunity and a focus of the company." Cohen also said that although there are opportunities to use cryptocurrencies in this field, GameStop has not yet selected a specific token and will examine all cryptocurrencies.

U.S. House Financial Services Committee Chairman: House has the votes to push three cryptocurrency measures

According to Jinshi, Hill, chairman of the U.S. House Financial Services Committee, said that we have enough votes to promote the stablecoin bill, and the House of Representatives has the votes to promote three cryptocurrency measures.

Crypto research firm Delphi Digital launches free AI research platform Delphi Intelligence

According to Forbes, Delphi Digital, a crypto research organization, has launched its first free AI research platform, Delphi Intelligence. The platform integrates its two-year AI accelerator results and $25 million in early investment experience to provide non-academic cutting-edge technology analysis for corporate decision makers, covering generative video models, reinforcement learning and other directions. Delphi is famous for its crypto ecosystem research report released in 2018. This transformation reflects its strategic judgment that "crypto and AI must merge." The platform adopts an open source model, and users can subscribe to emails to obtain the latest trend reports in the intersection of Web3 and AI. At present, the platform has launched special reports such as AI browsers and video generation models.

Crypto Infrastructure Giant Talos Acquires Coin Metrics for Over $100 Million

According to Fortune magazine, crypto infrastructure giant Talos announced the acquisition of blockchain data provider Coin Metrics. People familiar with the matter revealed that the transaction amount exceeded US$100 million. The acquisition aims to integrate on-chain data services to provide institutional clients with a one-stop solution for digital asset trading and portfolio management. Talos was founded in 2018 by Wall Street veterans Anton Katz and Ethan Feldman. Its platform provides technical support for crypto asset trading for hedge funds and other institutions, and was previously valued at US$1.25 billion. Coin Metrics excels in on-chain data analysis and will supplement Talos' historical data and customer service capabilities. Talos CEO said that as the Trump administration promotes regulatory easing, the participation of traditional financial institutions in crypto assets is no longer a suspense, and the focus will shift to the tokenization of traditional assets such as stocks in the future.

Matador Technologies, a publicly traded company, plans to accumulate 6,000 Bitcoins by 2027

According to Globenewswire, the board of directors of Canadian listed company Matador Technologies Inc approved a long-term Bitcoin acquisition strategy, which will expand Matador's Bitcoin reserves and make the company an important corporate BTC holder. Matador has submitted a preliminary short version of the basic prospectus to provide financing flexibility in the next 25 months, accumulating up to 6,000 Bitcoins by 2027 or earlier.

The Ethereum Foundation development team transferred another 1,000 ETH internally

According to Paidun’s monitoring, the Ethereum Foundation’s development team has transferred 1,000 ETH (worth about $3.15 million) to the address EF2 (0xc061...0B6d). Currently, the address holds 7,000 ETH (worth about $22 million).

Eclipse Foundation to airdrop 100 million ES tokens to early adopters

According to The Block, a spokesperson for the Eclipse Foundation said that its native ES token has been launched and will be airdropped to early users. A total of 1 billion ES tokens have been issued. 10% (100 million) of them will be distributed through airdrops, and another 5% will be allocated as "liquidity" funds to support exchange transactions. The remaining tokens are allocated to ecosystem and development (35%), contributors (including current and future team members, 19%), and early supporters and investors (31%). Airdrop qualifications are mainly based on three factors: on-chain activities in the Turbo Tap game, X social media performance measured by Kaito analysis, and Discord community participation. The Turbo Tap game stress tests the network by rewarding users with "grass" points, but the spokesperson said that the points and tokens are not 1:1 exchangeable. The airdrop will start on Wednesday and will be distributed in the next 30 days. Snapshots and allocation basis will be announced later to prevent users from manipulating the system. ES tokens have been deployed on the Eclipse, Ethereum and Solana mainnets.

Binance Alpha to List Taker Protocol (TAKER)

According to the official announcement, Binance Alpha will be the first platform to list Taker Protocol (TAKER) on July 18. Eligible users can go to the Alpha event page to use Binance Alpha points to claim the airdrop after Alpha trading is open. Specific details will be announced separately.

The Smarter Web Company, a listed company, increased its holdings of 325 bitcoins, bringing its total holdings to 1,600 bitcoins

According to an official announcement, the British listed company The Smarter Web Company disclosed that it has increased its holdings of 325 bitcoins and currently owns a total of 1,600 bitcoins.

Hong Kong Securities and Futures Commission extends the time for visiting professionals to provide virtual asset services to 45 days

According to Zhitong Finance, on July 15, the Hong Kong Securities and Futures Commission issued a circular on optimization measures to facilitate visiting professionals to conduct regulated activities or provide virtual asset services in Hong Kong. According to the circular, currently mobile professionals are allowed to conduct regulated activities or provide virtual asset services in Hong Kong for no more than 30 days in each calendar year, and their licenses will be subject to a condition in this regard (the existing mobile professional conditions). In order to facilitate visiting professionals and allow them to conduct the above activities in Hong Kong more flexibly, the Hong Kong Securities and Futures Commission will now extend the relevant period to 45 days per calendar year.

The total supply of ERA tokens is 1 billion, of which Binance HODLer airdrop tokens account for 2%

Binance announced the details of the Caldera (ERA) HODLer airdrop. The total supply and maximum supply of ERA Genesis tokens are both 1 billion, and the total number of HODLer airdrop tokens is 20 million ERA (accounting for 2.00% of the maximum total supply of tokens). An additional 20 million ERA will be used for marketing activities 6 months after listing; detailed rules will be announced separately, and the circulating supply at the time of listing on Binance is 148.5 million ERA (accounting for 14.85% of the maximum supply of tokens).

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