24H Hot Coins & Headlines｜Flames Rekindled, US Strikes Iran Again; SEC Issues 2026 Regulatory Agenda Statement (July 8)

1. Popular Tokens on CEX

Top 10 CEX Trading Volume & 24-Hour Change:

• BTC: -1.22%
• ETH: -1.97%
• SOL: -3.28%
• XRP: -3.38%
• BNB: -1.72%
• ZEC: +5.00%
• DOGE: -3.84%
• TRX: +0.33%
• ADA: -5.71%
• GRAM: -9.12%

24-Hour Gainers List (Data Source: OKX):

• EDGE: +28.20%
• AGLD: +22.47%
• LDO: +11.08%
• NES: +10.89%
• CHIP: +10.55%
• SAFE: +10.41%
• HUMA: +5.94%
• ZBCN: +5.17%
• APE: +5.02%
• KMNO: +4.95%

24-Hour Crypto-Stock Gainers List (Data Source: msx.com):

• SOXS: +19.54%
• MSTZ: +11.46%
• BWET: +8.25%
• ZSL: +8%
• NET: +7.86%
• TSLQ: +7.54%
• CONI: +7.08%
• SQQQ: +6.61%
• OXY: +6.31%
• FIG: +5.79%

2. Top 5 Popular Meme Coins On-Chain (Data Source: GMGN):

• CZBULL
• Andy
• CaptainBNB
• palu
• My Sword Shield

Headlines

Less Than 20 Days After US-Iran Ceasefire, US Expands Strikes on Iran Fivefold and Revokes Oil Waiver

The United States launched a new wave of airstrikes on Iran and revoked a waiver that allowed Iran to sell oil globally. The U.S. Central Command stated that the strikes aim to impose costs on attacks and harassment against commercial vessels carrying civilians in international waters, and described Iran's related actions as unjustified, dangerous, and a clear violation of the ceasefire agreement. According to the U.S. Treasury Department's Office of Foreign Assets Control on July 7th, the U.S. revoked a general license authorizing the sale of Iranian oil, with related wind-down transactions permitted until midnight Eastern Time on July 17th.

SEC Releases 2026 Regulatory Agenda Statement: Promoting Tokenized Securities Trading, Advancing Crypto Rulemaking

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins issued a statement on the 2026 regulatory agenda, stating that it will continue to advance a series of regulatory reforms, including making the regulatory framework suitable for the current market environment, actively embracing innovation and new technologies, implementing President Trump's goal of "making the US the global crypto capital," promoting the launch of more crypto-related products in the US market, establishing clear rules for crypto asset financing, and clarifying rules for market participants regarding on-chain custody and facilitating on-chain tokenized securities trading.

On capital market reforms, the SEC will advance the "Make IPOs Great Again" plan by reforming disclosure systems and reducing compliance costs for companies going public to encourage more companies to enter public markets while maintaining necessary investor protections.

Industry Highlights

Apple Begins Testing CXMT DRAM for Devices Sold in China

Citrini analyst jukan posted, citing Fortune magazine, that Apple has begun testing DRAM from CXMT for Apple devices sold in China.

Kraken Parent Company Wins $22 Million Arbitration Against Auditor Mazars

Payward, the parent company of Kraken, won its arbitration against former auditor Mazars USA, with the arbitrator ordering Mazars to pay Payward $22 million. Payward is now seeking confirmation of the arbitration award and a final judgment from the Delaware Court of Chancery.

The dispute originated during the height of "Operation Choke Point 2.0" in 2022. Payward claimed Mazars abruptly withdrew during a nearly completed audit of Kraken, without finding any issues with the company, but this move caused reputational damage to Kraken and forced it to spend years and significant legal fees to clear its name.

Tiger Brokers Upgrades Coinbase to Buy, Target Price $200

Tiger Brokers upgraded Coinbase from Hold to Buy with a target price of $200. The firm stated that with improved risk-reward ratios following the significant pullback, the harshest bear market phase for Bitcoin may have ended, and a new crypto market cycle could be initiated, driven by improved liquidity, growing institutional demand, and increased risk appetite.

Project Highlights

Data: Total Stablecoin Market Cap on Robinhood Chain Surpasses $200 Million

Tom Wan, Head of Data at Entropy Advisors and former analyst at 21.co, stated that the total stablecoin market cap on Robinhood Chain has exceeded $200 million. He identified Ethena as a key driver of this growth. Data shows Ethena currently holds $50 million in USDG on Robinhood Chain, plus another $50 million in USDG within the Ethena × Steakhouse USDG vault, totaling nearly $100 million in assets under management, representing about 50% of the total USDG supply on Robinhood Chain.

predict.fun Officially Launches Institutional Block Trading Feature

BNB Chain-based prediction market platform predict.fun announced the launch of institutional-grade block trading features, providing off-chain matching and on-chain settlement for high-volume trades, allowing institutional users to conduct large-scale prediction market transactions. Through dedicated matching services, buyers and sellers can directly find counterparties for large orders via peer-to-peer (P2P) trades, avoiding slippage, liquidity shortages, and position exposure issues inherent in traditional order book trading. predict.fun will waive all OTC-related fees for the next two weeks.

Pump.fun Has Sold Total of 4.73 Million SOL in Fee Revenue, Worth $805 Million

According to on-chain analyst Ember monitoring, after nearly a month, Pump.fun continues to cash out its fee revenue, transferring 122,500 SOL (worth $10.08 million) to Kraken 6 hours ago. Since the beginning of 2024, Pump has sold a cumulative total of 4.73 million SOL in fee revenue, worth $805 million, at an average price of approximately $170.

SpaceX Closes Down Over 6.8%, Reaching All-Time Low Since Listing

According to MSX.COM data, SpaceX closed down over 6.8% on Monday at $149.47, its lowest closing price since listing.

Suspected Bitmine New Wallets Receive 40,000 ETH from Kraken and FalconX, Worth $71.62 Million

According to Onchain Lens monitoring, two new wallets (0x9F9...b15, 0x17A...B5B) suspected to belong to Bitmine received 40,000 ETH from Kraken and FalconX, worth $71.62 million.

Anthropic Reportedly Plans Expansion in Manhattan, NYC Headcount to Double to 1,000

Anthropic reportedly plans to expand in Manhattan, doubling its New York City headcount to 1,000; it plans to lease a 16-story building in Hudson Square. The company will begin relocating to New York City in the summer of 2026.

Zcash Nears Completion of Mathematical Proof Against Hidden Inflation Bug, ZEC Rises 12%

Zcash's native token ZEC rose over 12% on Tuesday after the team behind its privacy pool stated it is nearing completion of a mathematical proof confirming the absence of an undetectable counterfeit inflation vulnerability in the latest Zcash shielded pool.

The verification effort is being advanced by Project Tachyon for Zcash's upcoming Ironwood shielded pool. Zcash founder Zooko Wilcox said the project is on the verge of finalizing the mathematical proof, aiming to demonstrate that the latest Zcash privacy pool does not have an undetectable inflation bug.

This progress follows the disclosure last month of a severe counterfeit vulnerability in the Zcash Orchard shielded pool. The vulnerability at that time led to market concerns about potential undetectable hidden inflation risks in Zcash's privacy system, causing ZEC to drop over 40% within two days.

Developers stated that using AI-assisted formal verification, such proof work, which previously might have taken years to complete, has now been compressed to a few weeks. The news pushed ZEC back above $500, its highest level since early June.

Ondo Perps Public Beta Reaches $100 Million in Trading Volume in 24 Hours

Ondo Perps reached $100 million in trading volume within the first 24 hours of its public beta, with thousands of traders having participated since launch. Built on Ondo Finance technology, Ondo Perps is a platform allowing users to directly use tokenized stock and ETF holdings as perpetual contract margin, offering non-US investors up to 20x leverage on popular assets like Tesla (TSLA), Nvidia (NVDA), Apple (AAPL), as well as commodities like gold and silver.

Fundraising

KOR Protocol Raises $7.5M Series A, With Participation from 1kx and Others

KOR Protocol announced the completion of a $7.5 million Series A funding round, with participation from 1kx, Blockchain Capital, and others, at a valuation of $100 million. The funds will be used for platform development, ecosystem growth, and partner integration, and plans to launch a token.

KOR Protocol is a Coinbase Layer 2-based on-chain creative asset clearing platform providing verification, routing, and settlement infrastructure for creative works like music and film. By registering assets on-chain, it helps creators match with suitable brands, platforms, and distributors, and enables programmable royalty payments via stablecoins like USDC.

Regulatory Developments

CFTC Charges North Carolina Man in $14 Million Crypto and Futures Fraud Scheme

The U.S. CFTC sued North Carolina man Trevor Vernon and his company Argent Capital Management LLC, accusing them of defrauding approximately 60 investors out of $14 million through a fraudulent commodity pool.

According to the complaint filed Tuesday by the CFTC in the U.S. District Court for the Western District of North Carolina, Vernon and his company operated commodity pools involving trading in multiple asset classes, including stock index futures options, stock index futures contracts, and crypto assets.

The CFTC alleges that Vernon falsely portrayed himself as a "successful trader" to investors through quarterly financial updates and monthly performance review emails, but that his trading with investor funds consistently resulted in significant losses.

Voices

Bloomberg ETF Analyst: The Fed Will Likely Buy Stock ETFs in the Future, US Stock Market is Too Big to Fail

Bloomberg ETF Analyst Eric Balchunas commented that he published a report today he had been thinking about for months, regarding the possibility that the U.S. stock market may have become too large and important, essentially serving as America's pension fund, and even a potential source of rescue for Social Security, which is projected to run out of funds within a decade. Currently, 55% of Americans own stocks, the highest rate globally; with Trump Accounts bringing an additional 28 million Americans into the stockholder base, an overwhelming majority—including the top 1% holding half of the U.S. stock market, the middle class, and lower-income groups—will have a financial interest tied to the market's health, and they are all voters. Therefore, the political pressure to prevent a prolonged bear market will be immense.

Eric Balchunas believes the Fed is highly likely to buy stock ETFs to support the market during the next major downturn, and this will become standard practice in the future, as China and Japan have already done. The Fed might even lock onto specific sectors or capital expenditure companies through purchases. He stated this is a massive variable, but there is a blind spot within the expert community, and it is also why bears are repeatedly suppressed; investors are already aware of this, evidenced by continuous ETF inflows during market corrections and a survey of 1,000 people where three-quarters of respondents believe the Fed will bail out the market in the next crisis. He noted this is merely a byproduct of the monetary supply and debt expansion occurring globally, especially in the US, and seems irreversible.

Analysis: AI Investment Boom Cools as Market Reassesses Sustainability of Chip and Data Center Spending

The AI infrastructure investment boom is cooling as the market begins to reassess the sustainability of chip and data center spending. With investors re-evaluating whether AI infrastructure investments can continue, the "AI trade" encompassing semiconductors, memory chips, and the data center supply chain is showing signs of cooling off.

Recently, AI-related chip stocks like Micron Technology (MU) and SanDisk (SNDK) have come under pressure. Samsung Electronics reported record Q2 earnings, but revenue missed market expectations, and its stock still fell nearly 7%, dragging down the entire AI chip sector.

Concerns are growing that as cloud hyperscalers may slow down AI infrastructure investments, the current AI boom cycle driven by GPUs, High Bandwidth Memory (HBM), and data center construction could face a repricing. Meanwhile, South Korean memory chip giant SK hynix's stock is down about 25% from its all-time high ahead of its US IPO, which is also attracting some capital moving away from existing chip stocks.