24H Hot Tokens & Headlines | Fed May Need to Consider Rate Hikes; SEC Initiates ETF Rule Review (July 1)
- Core Perspective: This period's industry dynamics present multi-dimensional key signals: the Fed signals a hawkish stance on potential rate hikes, the SEC initiates a review of ETF rules to address the expansion of crypto ETFs, Trump discloses holding over $100 million in crypto assets, and giants like Visa and BlackRock plan to jointly launch the stablecoin OUSD. Meanwhile, Pump.fun's strategic shift focuses on enhancing the retail trading experience, reflecting the market's accelerated evolution in regulation, mainstream adoption, and product iteration.
- Key Elements:
- Fed's Hammack stated that the job market is strong and inflation remains too high, suggesting that rate hikes may need to be considered, signaling a hawkish tone.
- The SEC is soliciting public comment on rules for "novel ETFs" (including crypto and prediction market ETFs), with Chairman Atkins seeking to balance innovation with investor protection.
- Trump's financial disclosure reveals holdings of over $100 million in BTC and ETH, with income exceeding $1.4 billion during the 2025 filing period, primarily from crypto projects and Meme coins.
- Market sources indicate that Visa, Stripe, Mastercard, BlackRock, and others plan to jointly launch the stablecoin OUSD, adopting a multi-party collaboration and revenue-sharing model.
- Pump.fun announced it will cease support for Tokenized Agent launches, pivoting to a new model focused on improving the retail token trading experience.
- Jefferies warns that legislative uncertainty surrounding the U.S. CLARITY Act could trigger recent volatility in the crypto market.
- OKX launched the OKX.AI platform, supporting task execution, payments, and collaboration between AI Agents, with the founder stating that the next decade will revolve around Agent-driven restructuring.
1. CEX Popular Tokens
CEX Top 10 Trading Volume & 24h Change:
- BTC: - 2.53%
- ETH: - 1.53%
- SOL: - 1.94%
- XPP: - 1.87%
- BNB: - 2.01%
- TRX: - 1.50%
- DOGE: - 1.55%
- XLM: + 10.45%
- HYPER: - 3.88%
- ZEC: - 3.54%%
- ADA: - 0.62%
24h Gainers List (Data Source: OKX):
- BASED: + 29.75%
- AI: + 25.19%
- DYDX: + 14.22%
- XLM: + 10.31%
- XCH: + 9.86%
- BIO: + 8.72%
- GLM: + 7.62%
- ZENT: + 6.33%
- OL: + 6.01%
- NMR: + 5.67%
24h Crypto-Equity Gainers List (Data Source: msx.com):
- BTOG.M: 27.64%
- BE.M: 20.31%
- AVAV.M: 19.43%
- MXL.M: 18.93%
- SNXX.M: 18.28%
- VSAT.M: 17.16%
- MRLN.M: 16.94%
- AVEX.M: 16.44%
- OUST.M: 15.76%
- UMAC.M: 15.03%
2. Trending On-Chain Memes (Data Source: GMGN):
- ANSEM
- LUKE
- DOG
- TJR
Headlines
Fed's Hammack: Fed May Need to Consider Raising Interest Rates
Fed's Hammack stated that the job market is near full employment and the growth outlook is good. Inflation remains too high, and the Fed may need to consider raising interest rates. She will approach the Fed meeting with an open mind and will not prejudge its outcome.
SEC Initiates ETF Rule Review, Focusing on Crypto Funds and Prediction Market ETFs
The U.S. SEC said Tuesday it is seeking public comment on the regulatory approach for "new-type ETFs," evaluating whether existing fund registration and listing processes need adjustments. This review comes amidst the rapid expansion of crypto ETFs and an increase in applications for prediction market-related ETFs.
SEC Chairman Paul Atkins stated that the regulator wants to hear market opinions to ensure the U.S. ETF market can effectively serve investors while continuing to grow and innovate. Since Atkins took over as SEC Chairman in April 2025, the SEC has approved several crypto ETFs beyond Bitcoin and Ethereum, including products tracking assets like SOL and DOGE.
Bitcoin News posted on X that Trump disclosed holding over $100 million worth of BTC and ETH in his latest financial disclosure and reported income exceeding $1.4 billion for the 2025 filing period. The document shows Trump received over $500 million from the crypto project World Liberty Financial, co-founded with his son, approximately $635 million from selling TRUMP Meme coins, and over $80 million from legal settlements with media companies. The annual disclosure document has been submitted to the U.S. Office of Government Ethics. Reuters previously estimated that the Trump family's crypto business has generated at least $2.3 billion in profits from investors since Trump returned to the presidency.
predict.fun Partners with Binance Wallet to Launch Alpha Points Trading Incentive Activity
According to official sources, predict.fun has partnered with Binance Wallet to launch a Prediction Markets trading incentive activity. Between June 30, 00:00 and July 6, 23:59 (UTC), users who complete a single Buy transaction exceeding 50 USDT via Binance Wallet Prediction will receive 5 Binance Alpha Points.
This activity supports both Web and App participation. Each user is limited to one reward and must have an Alpha Points balance greater than 0 on the day the task is completed. Rewards will be displayed within 24 hours.
Industry News
Visa, Stripe, Mastercard, BlackRock, and Others Reportedly to Jointly Launch Stablecoin OUSD
According to market sources, several financial and crypto institutions, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, are planning to jointly launch a new stablecoin called "OUSD." The stablecoin project is expected to adopt a multi-party collaboration model and share related revenue mechanisms among participating institutions. However, the specific structure, launch timeline, and regulatory arrangements have not yet been publicly disclosed.
Hyperliquid Strategies Added to Russell 3000 and Russell 2000 Indexes
Hyperliquid Strategies (U.S. stock ticker: PURR), the treasury company of HYPE, has been officially added to the Russell 3000 Index and the Russell 2000 Index. Earlier this month, the company's stock was also added to the S&P Global BMI Index.
Project Updates
Massachusetts Files Amended Complaint: Kalshi Accused of Offering Sports Betting to Users Under 21
The Massachusetts Attorney General has received court approval to file an amended complaint against prediction market platform Kalshi, adding allegations that Kalshi targeted users under 21 through social media and college campus marketing without taking effective measures to prevent their platform use. Kalshi allows users aged 18 and over to create accounts and place bets on sporting events. The case began in September 2025, with state authorities alleging Kalshi's offering of sports betting violates state law. The CFTC previously filed a brief in Massachusetts asserting exclusive jurisdiction over prediction markets. Chairman Michael Selig stated that Congress granted the CFTC sole authority to regulate commodity derivatives markets. Kalshi has not yet responded to requests for comment.
Pump.fun Adjusts Feature Strategy: Will No Longer Support Tokenized Agent Launches
Pump.fun stated on X that it will stop supporting the Tokenized Agent launch feature, but existing tokens that had this feature enabled at launch will not be affected. Pump.fun stated that it will shift its focus to launch models that "significantly enhance the retail trading experience" to optimize user interaction and trading processes during the token listing phase. This adjustment may indicate that Pump.fun is further converging its Meme coin launch mechanism design, moving towards a product direction emphasizing usability and trading experience rather than expanding the coverage of existing features.
MetaMask Launches Self-Custodial Account: Money Account
MetaMask announced the launch of a new self-custodial account, "Money Account," integrating stablecoin yield, payment consumption, and trading functions into a single wallet system, further driving its transition to a comprehensive financial platform. The product, released by Consensys, is built on the Monad blockchain and its core asset is the dollar-pegged stablecoin mUSD. Users can earn a variable annualized yield of up to approximately 4% while holding assets. Funds will be automatically allocated to decentralized lending protocols like Morpho, with Aave integration to follow later.
Funding & Investment
AI Chip Startup Etched Raises $800M, Supported by Jane Street and TSMC-Affiliated VC
AI chip startup Etched has completed approximately $800 million in funding, with investors including quantitative trading giant Jane Street and venture capital firms associated with Taiwan Semiconductor Manufacturing Company (TSMC). It is currently testing its AI inference chip product and plans to begin shipping to some customers this summer. It has also signed sales contracts totaling approximately $1 billion, but has not disclosed specific customers.
People & Perspectives
Jefferies Warns: Legislative Uncertainty of CLARITY Act Could Spark Crypto Market Volatility
According to a recent report by investment bank Jefferies, although the U.S.
Peter Schiff Questions BTC Market Optimism: Why Is $20,000 Considered Impossible Again?
Economist and gold proponent Peter Schiff stated in his latest commentary that the market's general belief that Bitcoin falling to $20,000 is "nearly impossible" lacks a basis. Schiff pointed out that Bitcoin fell below the $20,000 level about 3.5 years ago, a timeframe that is not distant, so the possibility of returning to that price range cannot be ruled out. Significant retracements of assets within short cycles are not uncommon in financial markets. He further stated that because Bitcoin is more volatile than most stocks, a retracement of similar magnitude under changing macroeconomic or liquidity conditions is "entirely reasonable." The market should not underestimate downside risks.
Jiang Zhuo'er: Persistent ETF Selling, Coinbase Discount Widening, Major Move Imminent
Jiang Zhuo'er stated on X that ETFs are consistently showing a selling state, with multiple institutional products exhibiting synchronized reductions. Coinbase market prices are showing a clear discount, with levels falling back to the range seen just before the significant corrections in late January and late May. Funding rates remain positive, while open interest in futures contracts is at a high level, indicating concentrated leveraged positions. Jiang Zhuo'er added: "Everything points to: something big is coming."
OKX Star: One Person Can Be a World-Class Company
According to official sources, OKX has officially launched OKX.AI, supporting AI Agents in issuing tasks, accepting tasks, making payments, evaluations, and arbitrations—a decentralized platform for the Agent economy. OKX Founder and CEO Star stated on X: "Over the past two decades, the world has been restructured around Apps. In the next decade, the world will be restructured around Agents. Agents will serve humans, hire Agents, pay Agents, and collaborate with Agents to complete complex tasks. Humans will devote more energy to imagination, judgment, goals, and truly unique value."
