24H Hot Coins & Headlines｜Spain Wins World Cup; Changxin Technology Winning Bidders Must Pay Today (July 20)
- Key Insights: This article summarizes the day's crypto market trends and multi-dimensional market dynamics, covering hot coins on CEXs, on-chain Memes, industry regulation, institutional investment, and project developments. Among them, BANK led the gains with a 93.81% surge, and Kimi K3 model received praise from Musk for the second time.
- Key Elements:
- Among the top 10 CEX trading volume coins, BANK saw the largest increase (+93.81%), while ZEC and AVAX led the declines (-2.29% and -2.06% respectively). BTC edged down 0.2%, indicating a diverging market overall.
- On the 24-hour gainers list (OKX), NAVX (+24.87%), PUMP (+18.55%), and YB (+16.91%) led the rally, with Meme coin热度 concentrated on the Robinhood Chain and BSC.
- Spain defeated Argentina 1-0 to win the US-Canada-Mexico World Cup; Changxin Technology's IPO lottery results were announced, with a winning rate of approximately 7.7 million shares, requiring payment by July 20.
- South Korea's KB Financial Group has established a 100 billion KRW (approx. $71 million) digital asset fund, focusing on AI and blockchain technology; the CLARITY Act remains stalled in the Senate after passing the House.
- Moonshot AI's Kimi is preparing for a Hong Kong IPO within the next six months, and has temporarily paused new subscriptions due to demand for the K3 model exceeding computing capacity; Hyperliquid co-founder stated the crypto industry lacks top-tier talent, calling for attention to on-chain finance.
1. Popular CEX Tokens
CEX Top 10 by Trading Volume & 24h Change:
- BTC: -0.2%
- ETH: +0.42%
- SOL: +0.94%
- BNB: +0.13%
- XRP: +0.33%
- BANK: +93.81%
- ZEC: -2.29%
- TRX: +0.43%
- DOGE: -0.37%
- AVAX: -2.06%
24h Gainers List (Data Source: OKX):
- NAVX: +24.87%
- PUMP: +18.55%
- YB: +16.91%
- KAITO: +14.85%
- ROBO: +10.74%
- DGB: +8.87%
- SKL: +6.14%
- HUMA: +4.5%
- SUSHI: +4.43%
- CETUS: +4.28%
24h Crypto Stock Gainers List (Data Source: msx.com):
- EBON.M: +4.43%
- BRUN.M: +2.66%
- FFAI.M: +2.39%
- LUNR.M: +2.22%
- GAME.M: +2%
- AMRK.M: +1.88%
- BKKT.M: +1.79%
- XE.M: +1.57%
- YSS.M: +1.51%
- ALMU.M: +1.37%
2. Top 5 On-Chain Meme Tokens (Data Source: GMGN):
- CASHCAT (Robinhood Chain)
- PONS (Robinhood Chain)
- TENDIES (Robinhood Chain)
- Shiba Coin (BSC)
- Monkey Coin (BSC)
Headlines
Spain Defeats Argentina 1-0 to Win the World Cup
In the just-concluded World Cup final in the USA, Mexico, and Canada, Spain defeated Argentina 1-0 in extra time, winning their second title since the 2010 South Africa World Cup.
CXMT Lottery Results Announced; Successful Bidders Must Pay by July 20
According to an announcement by CXMT (ChangXin Memory Technologies), the issuance price is RMB 8.66 per share, with an initial public offering of approximately 6.688 billion shares. A total of 7,702,207 lottery numbers were drawn, with each lot representing 500 shares. CXMT reminds investors to pay close attention to the payment process and fulfill their payment obligations by July 20 (T+2).
Institutional investors should refer to the "Preliminary Placement Results and Online Lottery Results Announcement" dated July 20 (T+2) and fully pay the subscription amount based on the final issuance price of RMB 8.66 per share and the allocated quantity. The subscription funds must be credited before 4:00 PM on July 20 (T+2). Retail investors who are allocated shares in the lottery should also fulfill their payment obligations according to the same announcement, ensuring their capital account has sufficient funds for the new shares by the end of July 20 (T+2). Insufficient funds will be deemed as a waiver of subscription.
Trump Media & Technology Group announced the launch of a paid data product, Truth API, scheduled to go live on August 1. It will provide banks, algorithmic trading firms, and other institutions with real-time post feeds from the 10 most influential accounts on Truth Social, including Donald Trump himself.
Industry News
South Korean financial giant KB Financial Group announced the establishment of a strategic investment fund worth 100 billion won (approximately $71 million) focused on digital assets. The fund aims to seek investments in the digital asset and AI sectors, promoting the integration of invested projects with the group's businesses to accelerate digital finance transformation. The fund is managed by KB Investment, with key investment areas including: technology companies related to the digital asset market, foundational models and application services supporting AI transformation, and startups in AI infrastructure fields such as data inference and analytics.
CLARITY Act Yet to Advance in Senate One Year After Passing House
One year after the CLARITY Act passed the U.S. House of Representatives, the bill has still not advanced in the Senate. House members held a hearing on July 17 at Federal Hall National Memorial in New York to discuss how the bill could establish clearer rules for the digital asset market.
Project Updates
Moonshot AI's Kimi Could List in Hong Kong Within 6 Months
Moonshot AI's Kimi has informed investors to adjust the company structure and prepare for an IPO in Hong Kong, potentially completing the listing within six months.
Meanwhile, Kimi posted on platform X stating that the market response to the launch of K3 has far exceeded expectations, with user demand over the past 48 hours approaching the upper limit of existing GPU computing power. To ensure the experience of existing subscribers, new subscription services have been temporarily suspended. Current subscriber usage will not be affected. The company is working to expand computing power resources as quickly as possible and will resume accepting new subscriptions in batches.
People & Voices
Hyperliquid Co-Founder Says Crypto Industry Struggles to Attract Top Entrepreneurial Talent
Hyperliquid co-founder Jeff Yan recently stated that one of the biggest problems facing the current crypto and fintech sectors is the failure to attract enough top entrepreneurial talent. Influenced by factors like the AI boom and social prestige, many talented young people are unclear about which fields they should enter to create the most value. As a result, few choose to enter the crypto industry. He noted that reconstructing the financial system from first principles and transforming academic theory into scalable market designs is meaningful work, and called on young entrepreneurs to focus on the world's real problems and participate in the development and innovation of on-chain finance.
Dovey Wan: South Korea Could Be One of the Clearest Top Indicators for Global Risk Assets
Dovey Wan, Founding Partner of Primitive Ventures, posted on X stating that from the "kimchi premium" in each crypto cycle to the current "meme stocks," South Korea may be one of the clearest late-cycle indicators for global risk assets. This is not only because Korean retail investors are extremely fervent speculators (degens), but also because the market structure itself further fuels their frenzy.
"The Big Short" Michael Burry advised investors to look for bargains in the Hong Kong stock market. He posted on a social platform last Friday: "It's particularly a good time to focus on the Hong Kong market, looking for stocks that are cheap and likely to perform well after the hype surrounding Korea, Japan, and the iShares Semiconductor ETF fades."
Musk Frequently Comments on Domestic AI Models: Praises Kimi K3 Model Again as Impressive
Moonshot AI released its latest open-source AI model, Kimi K3, which ranked first on the Frontend Code Arena testing site with a score of 1679, surpassing Claude's Fable 5 model. Following a review of the K3 model by Artifacial Analysis, Elon Musk once again praised the Kimi model, stating that the K3 model's benchmark performance is impressive.
