24H Hot Coins and News | Altcoin rose today; Truth Social will launch a utility token (July 11)

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1. Popular Cryptocurrencies on CEX

CEX Top 10 Trading Volume and 24-Hour Price Changes:

  • BTC: + 4.86%

  • ETH: + 6.66%

  • XRP: + 6.55%

  • SOL: + 4.24%

  • BNB: + 2.99%

  • SUI: + 12.05%

  • DOGE: + 9.75%

  • PEPE: + 15.32%

  • HYPER: + 314.98%

  • ADA: + 10.55%

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

  • PENGU: + 34.17%

  • GOAT: + 29.19%

  • PNUT: + 23.33%

  • HUMA: + 22.24%

  • CFX: + 21.36%

  • AEVO: + 20.87%

  • VINE: + 20.22%

  • BIO: + 19.98%

  • ORDI: + 19.65%

  • ZK: + 18.98%

2. Top 5 Meme Coins on Chain (Data Source: GMGN):

  • MrBeast

  • GIGA

  • GM

  • BONK

  • Fartcoin

3. 24-Hour Hot Search Cryptocurrencies

ETH: Today, ETH broke through $3,000, with its price returning to the level of early February 2025. ETH's price reached a low of $1,384 in April. ETH's rise has brought confidence to other Altcoins.

Headlines

Truth Social to Launch Utility Token

Truth Social announced that its subscription plan "Patriot Package" will introduce a loyalty reward mechanism and plans to introduce a utility token. The official stated that subscribers will accumulate "gems" based on their platform activity, which will be linked to a utility token on Truth Social and Truth+ in the future.
Currently in public beta, the "Patriot Package" costs $9.99 per month and offers 12 "non-awakened" news channels, expanded video-on-demand content, platform red verification checkmark, and Truth+ badge. However, it's worth noting that free users can access 27 channels, which is actually more.

Robinhood: Launched ETH and SOL Staking Services for US Users

Robinhood announced on X platform that it has launched ETH and SOL staking services for US users, which can now be staked on Robinhood Crypto.

Caixin: Ant International Denies Connecting with Circle

Recent reports suggested that Ant International was collaborating with Circle. Ant International responded that the media report was inaccurate and they currently have no such plans. (Caixin)

Industry News

US Initial Jobless Claims 227,000 for Week Ending July 5, Expected 235,000

US initial jobless claims for the week ending July 5 were 227,000, expected 235,000, with the previous value revised from 233,000 to 232,000.
The four-week moving average of US initial jobless claims for the week ending July 5 was 235,500, with the previous value revised from 241,500 to 241,250.
Continuing jobless claims for the week ending June 28 were 1.965 million, expected 1.974 million, with the previous value revised from 1.964 million to 1.955 million.

Bank of Korea Governor Lee Chang-yong: Need to Introduce Won-Based Stablecoin, But Cautiously

Bank of Korea Governor Lee Chang-yong stated that there is a need to introduce a won-based stablecoin, but it should be done cautiously.

Project News

Crypto Mining Firm Bit Mining: Will Convert Crypto Holdings to Solana and Raise $200-300 Million for SOL Strategy

Crypto mining firm Bit Mining stated that it will convert its cryptocurrency holdings to Solana and raise $200-300 million for its SOL strategy.

Plasma: Deposits and Withdrawals to Be Locked on July 14, XPL Public Sale Planned for July 17

Stablecoin project Plasma announced on X platform that deposits and withdrawals will be locked on July 14 (72 hours before sale). The official reminded that vault deposits cannot be used for this sale, and users should prepare available funds in advance. All deposits will be locked for at least 40 days after the sale ends.

WLFI Token Transferability Proposal Open for Community Voting, Currently 99.93% Supported

According to the official page, the WLFI token transferability proposal is open for community voting, currently with 99.93% support and 0.07% opposition. Voting will end on July 17. The proposal aims to seek community opinion and officially launch token transferability. If approved, the team will initiate token distribution for eligible early supporters and launch a second vote for community governance to decide on the remaining token unlocking.

Cookie DAO: COOKIE Stakers to Receive Cookie Snaps Activity Rewards and Introduce Token Burning

Cookie DAO announced on X platform that 10-20% of each Cookie Snaps activity reward pool will be distributed to COOKIE token stakers through the Cookie Multi-Airdrop Farming mechanism.
Additionally, COOKIE token staking and Multi-Airdrop Farming are being redesigned to better associate with Cookie Snaps and introduce a COOKIE token burning mechanism.

Investments

Stablecoin Startup Agora Completes $50 Million Series A Funding, Led by Paradigm

Stablecoin startup Agora announced the completion of a $50 million Series A funding round, led by Paradigm. The company completed a $12 million seed round last year and hopes to create its own stablecoin AUSD, a cryptocurrency pegged to assets like the US dollar.

YZi Labs Invests in Blockchain Infrastructure Platform Aspecta

YZi Labs announced a strategic investment in blockchain infrastructure platform Aspecta, with the specific amount undisclosed. Aspecta is dedicated to providing smart authentication, price discovery, and lifecycle liquidity for non-liquid assets such as pre-TGE stocks, locked tokens, private equity, and RWA.
Previous news indicated that Aspecta was selected for Binance Labs' seventh accelerator program MVB VII, serving as an AI-driven platform for a new paradigm of developer economy, supporting individual developers and ecosystem development.

Web3 Gaming Platform Remix Raises $5 Million, Coinbase Ventures Participates

Web3 gaming platform Remix announced the completion of a $5 million funding round, led by Archetype, with participation from Variant, Coinbase Ventures, Lemniscap, and Zynga co-founder Justin Waldron. Initially named Farcade, the platform aims to become the "TikTok of gaming".

Personalities & Voices

Trump: Cryptocurrency "Breaking Through the Ceiling"

US President Trump stated on social media: Tech stocks, industrial stocks, and Nasdaq index hitting historical highs! Cryptocurrency "breaking through the ceiling"! Nvidia's stock has risen 47% since Trump imposed tariffs. The US is imposing billions in tariffs. The country is "back"! Great honor! The Federal Reserve should quickly lower rates to reflect this strength. The US should be "at the top". No inflation!!

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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