1. Popular currencies on CEX
CEX top 10 trading volume and 24-hour rise and fall:
BTC: +1.06%
ETH: +3.28%
SOL: +2.22%
XRP: +2.81%
BNB: +0.5%
DOGE: +2.99%
BONK: -0.81%
PEPE: +3.17%
SUI: +2.03%
ADA: 2.3%
24 H increase list (data source: OKX):
MAGIC: +47.84%
CRO: +18.36%
ZBCN: +13.05%
FLOKI: +8.7%
OMI: +8.69%
CELO: +8.04%
LOOKS: +7.07%
MORPHO: +7.04%
RAY: +6.89%
PIXEL: +6.85%
2. Top 5 popular memes on the chain (data source: GMGN ):
PHOUSE
Fartcoin
MEMELESS
ALT
MORI
3. 24-hour hot search currencies
MAGIC: MAGIC is the governance token of Treasure DAO. Its vision is to build a decentralized ecosystem combining NFT, games, and defi for metaverse projects. It is currently built on Arbitrum (Ethereum L2). MAGIC has risen by more than 45% in the past 24 hours, and its current market value is 52.42 million US dollars.
Headlines
Recently, there have been market reports that Yiwu has accepted stablecoins to pay for foreign trade goods. In further research, the reporter of Daily Economic News captured two completely different voices. One voice believes that the use of stablecoins has become common in Yiwu, and some merchants may be cautious and unwilling to disclose too much information. Another voice believes that it is not ruled out that some Yiwu merchants are willing to accept stablecoin payments, but the proportion of such merchants is very low, far from reaching the level of universal.
A person from a relevant association in Yiwu said: According to our understanding, there are not many member units and non-member enterprise friends who use stablecoins for settlement, or almost none. This kind of private cryptocurrency without actual endorsement has low recognition and is difficult to form a wide circulation.
Trump: Tomorrow morning, we will release trade-related matters for at least 7 countries
Trump said that tomorrow morning, we will release trade-related matters for at least seven countries, and in the afternoon we will release information on other countries.
Market News: Truth Social submits S-1 form to apply for crypto blue chip ETF , including BTC, ETH, SOL, XRP and Cronos
According to market news: Truth Social has submitted an S-1 form to US regulators to apply for a crypto blue chip ETF (Truth Social Crypto Blue Chip ETF). It is reported that the fund is registered in Nevada and the annual settlement date is September 30th of each year. The Truth Social Crypto Blue Chip ETF basket includes BTC, ETH, SOL, XRP and Cronos.
Industry News
Trump: Tariffs will start on August 1, 2025, no extension will be granted
President Trump posted on Truth Social that according to the letters sent to many countries yesterday, and other letters to be sent today, tomorrow, and in the near future, tariffs will officially begin on August 1, 2025. There has been no change to this date, and there will be no change in the future. In other words, all relevant payments will be due and payable from August 1, and no extensions will be given.
Trump announces 36% tariffs on Thailand
US President Trump said that he would impose a 36% tariff on Thai imports from August 1. According to Reuters, Thai Deputy Prime Minister and Finance Minister Pichai posted on the social platform X on the 8th that the negotiation team has been fighting and will continue to fight. They will fight to the end and get the best solution for Thailand.
The U.S. Securities and Exchange Commission (SEC) is considering establishing a new framework to speed up the approval process. It is expected that the relevant draft will be released this month, and multiple crypto spot ETFs are expected to be approved one after another. Previously, crypto journalist Eleanor Terrett disclosed that the framework may allow exchanges to directly launch qualified crypto ETFs based on unified standards, without having to submit 19 b-4 documents one by one and wait for a 75-day approval cycle. Bloomberg ETF analyst James Seyffart predicts that the new rules will be officially implemented as early as September or October, when more crypto asset ETFs are expected to usher in a wave of approval and release.
Project News
Grass posted on X that users can now run Grass and mine directly on Android phones. It will automatically pause when the battery is low or the network connection is poor. Currently, a 3x points multiplier can be obtained for a limited time.
Robinhood begins engaging with European regulators to clarify latest tokenized stock launch
Robinhood has begun engaging with European regulators to clarify its latest tokenized shares, and the company is answering inquiries from regulatory entities such as the Central Bank of Lithuania regarding the structure of its tokenized shares and whether it blurs the line between real equity and derivatives.
Investment and Financing
Sequans Communications SA (NYSE: SQNS), a US-listed company, announced the completion of a $384 million strategic investment and will launch the previously announced Bitcoin Treasury Plan. The financing includes $195 million in PIPE financing and $189 million in convertible bonds, and all net proceeds from the issuance will be used to purchase Bitcoin.
Tether makes strategic investment in blockchain forensics firm Crystal Intelligence
Tether announced a strategic investment in blockchain forensics company Crystal Intelligence to combat cryptocurrency crime. The specific investment amount has not been disclosed. With the increase in cryptocurrency-related scams and fraud, Tether is committed to curbing the illegal use of its USDT stablecoin. This investment will give Tether direct access to Crystals full suite of tools, including real-time risk monitoring, fraud detection, and regulatory intelligence systems, further enhancing its ability to assist global law enforcement agencies in tracking suspicious behavior.
Ego Death Capital closes $100 million for second fund to support Bitcoin businesses
Ego Death Capitals second fund has raised $100 million, focusing on supporting the expansion of Bitcoin ecosystem companies. The funds typical target companies have annual revenues between $1 million and $3 million, but their growth is limited by the capital on hand. The new fund will focus mainly on the Series A financing stage, helping companies with proven results to grow at scale, while also reserving a small amount of funds for early-stage projects with promising prospects. The second fund has already made some investments, including the Bitcoin-based exchange Roxom, the Bitcoin savings tool Relai, and the payment infrastructure Breez built on the Lightning Network.
BTCS, a Nasdaq-listed blockchain technology consensus solution, announced plans to raise $100 million in 2025 to strategically acquire ETH. In addition, the company also announced that it will transform into a public company focused on Ethereum infrastructure as part of the companys long-term vision.
Character*Voice
In an interview with CNBC, Robinhood CEO Vlad Tenev said that technically, OpenAI and SpaceX tokenized stocks are not equity in the two companies and the two are not completely correlated. OpenAIs complex corporate structure enables institutional investors to invest in the company through various tools, such as equity obtained when it is later converted to a for-profit company, because OpenAI was originally established as a non-profit organization, but later gradually evolved into a for-profit entity owned by a non-profit organization.
