Hot News: Ethereum ETF hits record high inflows
Bitcoin rose 8.98% last week and hit a record high of 119,400, trying to challenge the psychological price of 120,000 before the "Crypto Week". At the same time, with the popularity of stablecoins and stock tokenization applications, Ethereum rose 15.55% during the same period, showing a stronger trend. The net inflow of Ethereum spot ETFs reached a record high of US$908 million last week.
Macro Outlook: Inflation Data Focus
President Trump announced that he would impose a 30% tariff on EU and Mexican goods starting August 1. Trump also previously threatened to impose a 35% tariff on Canadian goods and a 50% tariff on Brazilian goods, which will also take effect on August 1.
William Pulte, chairman of the boards of Fannie Mae and Freddie Mac, said in a statement that Federal Reserve Chairman Powell is considering resigning .
The minutes of the June FOMC meeting showed a small split among officials. Most officials believed that a cut in the policy rate would be appropriate in 2025, while some officials wanted to keep rates unchanged in 2025. Several officials noted that they were willing to cut rates in July if the data was as expected.
Upcoming economic calendars include:
Tuesday, July 15, 8:30 pm: US inflation rate for June
Wednesday, July 16, 8:30 pm: US PPI for June
Thursday, July 17, 8:30 pm: US retail sales for June
Friday, July 18, 10:00 PM: University of Michigan Consumer Confidence Index July preliminary reading
Cryptocurrency market overview: Regulators and ETF issuers frequently communicate, GMX is hacked, PUMP is listed
According to reports, the US SEC requires Solana spot ETF issuers to submit a revised S-1 filing by the end of July.
HSBC announced that it will test the e-HKD+ project on Arbitrum, Ethereum, Linea and Polygon networks.
Spain’s second-largest bank, BBVA , announced that it will provide Bitcoin and Ethereum trading and custody services to its general public.
Coinbase acquires the leadership team of decentralized options protocol Opyn .
Cryptocurrency and stablecoin infrastructure company Zerohash has raised $100 million in a funding round led by Interactive Broker that values the company at $1 billion.
Layer 1 and Layer 2 Public Chains
The FastFinality upgrade of the BNB chain is now live, reducing the final confirmation time of transactions from 180 seconds to 3.75 seconds.
Polygon PoS has completed the Heimdall v2 upgrade, reducing the final confirmation time from 90 seconds to an average of 5 seconds and shortening the block time to 2 seconds. In addition, NRWBANK, Germany's largest regional development bank, issued tokenized bonds worth 100 million euros on Polygon.
Monad has acquired Portal , an infrastructure platform that facilitates stablecoin payments for businesses, banks, and more.
Eigen Labs laid off 25% of its staff to focus on its EigenCloud business, and stressed that the move was not financially motivated.
Ink announced the acquisition of Vertex Protocol to build a decentralized trading platform exclusively for the Ink second-layer network. As a result, the current Vertex EVM and VRTX tokens will be deactivated, and VRTX holders will receive 1% of the total airdropped INK tokens instead.
Oasys has partnered with GATES Inc to tokenize $75 million worth of Japanese real estate on the Oasy chain, with plans to expand to over $200 billion in real estate in the future.
Sei Network announced that it will soon integrate native USDC and CCTP v2 protocols.
Solayer uses Telegram to send real-time transaction information and payment notifications to Emerald card users.
Dapps
Due to a reentry attack on GMX v1, the price of GLP was inflated by more than 18 times, resulting in a loss of$42 million in user funds. After paying $5 million as a reward, the attacker willreturn it to GMX.
Pump.fun launched the public sale of its PUMP token and raised funds in 12 minutes. The token will be distributed and traded soon. According to data from the perpetual contract market, PUMP's FDV has reached approximately $6 billion.
Hyperliquid launched the CoreWriter contract on HyperEVM, enabling users to seamlessly interact with HyperCore on HyperEVM through smart contracts.
Solana's mainstream wallet Phantom has launched Phantom Perps , which provides perpetual contract trading driven by Hyperliquid with up to 40x leverage.
Pendle LPs can now be deposited as collateral on Morpho, providing attractive leverage for providing liquidity on Pendle.
Falcon’s USDF experienced a brief depegging due to criticism from LlamaRisk regarding USDF’s low-quality collateral, unclear oracles, etc. USDF has now been repegged after Falcon’s foundersresponded to these criticisms.
OpenSea acquires Rally , a simple crypto social trading mobile app.
Limitless, a 0DTE (zero-day expiration option) trading platform built on the Basechain, launched the Limitless Points Program to incentivize trading.
World cooperates with Story Protocol to add credibility to IP tokenization.
Backed Finance announced that it will expand xStocks’ tokenized stocks to the BNB chain . XStock also partnered with Bitget to launch tokenized stock trading on Bitget Onchain.
Governance/Project Updates
LFJ expects to launch Token Mill V2, an AMM using a federated curve, on July 15.
Coinbase expects to announce “the next chapter of Base” on July 16.
The Trump administration’s Digital Assets Task Force is expected to submit a report on cryptocurrency policy on July 22 and may propose a budget-neutral resource strategy for Bitcoin reserves.
The Hong Kong Monetary Authority's Stablecoin Ordinance will come into effect on August 1, and applications for stablecoin licenses will also be opened at that time.
NEAR is voting to lower its inflation target from 5% to 2.5% . The vote will close on August 1st, and currently 31% of the stake has voted in favor.
Cookie expects to launch the Deep Research feature soon, allowing users who stake at least 100,000 COOKIE to get real-time information and the latest signals of the protocol. Cookie also announced an update to the token economic model , and now each Snaps activity will contribute 10% to 20% of its reward pool to COOKIE stakers, and stop COOKIE's staking issuance, and when stakers unlock from Multi-Airdrop Farming, 10% of the tokens will be destroyed, as well as more updates.
Stargate proposes to allocate $20 million to an intentional cross-chain system to create protocol-owned liquidity and provide solvers with more attractive liquidity and spreads.
Ethereum announced plans to launch zkEVM on the mainnet by the end of November 2025, with the goal of completing authentication proofs in 10 seconds using only moderate hardware.
The founder of Falcon Finance announced that USDf holders will soon be able to redeem USDf for physicalgold in the UAE.
Dabba Network, a decentralized hot protocol, announced that it will soon issue DBT tokens on the Bonk.live issuance platform.
Defi.app passed a proposal to use 80% of the protocol revenue to repurchase HOME tokens in the form of TWAP.
Token Unlock
STRK tokens were unlocked on July 15, accounting for 3.81% of the total token supply.
ARB tokens were unlocked on July 16, accounting for 1.87% of the total token supply.
VANA tokens were unlocked on July 16, accounting for 1.47% of the total token supply.
DBR tokens were unlocked on July 17, accounting for 20.3% of the total token supply.
SOLV tokens were unlocked on July 17th, accounting for 20% of the total token supply.
APE tokens were unlocked on July 17, accounting for 1.92% of the total token supply.
CLOUD tokens were unlocked on July 18, accounting for 69.7% of the total token supply.
ZK tokens were unlocked on July 19, accounting for 2.42% of the total token supply.
MERL tokens were unlocked on July 19th, accounting for 4.98% of the total token supply.
ZRO tokens were unlocked on July 20, accounting for 22.2% of the total token supply.
PLUME tokens were unlocked on July 21, accounting for 4.26% of the total token supply.
AVAIL tokens were unlocked on July 23, accounting for 38.3% of the total token supply.
INIT tokens were unlocked on July 24, accounting for 1.58% of the total token supply.
ALT tokens were unlocked on July 25, accounting for 6.4% of the total token supply.
H tokens were unlocked on July 25, accounting for 5.01% of the total token supply.
SAHARA tokens were unlocked on July 26, accounting for 4.12% of the total token supply.
RON tokens were unlocked on July 27, accounting for 4.83% of the total token supply.
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