24H Hot Coins and News | Trump will open cryptocurrency investment to the US retirement market; the US House of Representatives passed all three cryptocurrency bills (July 17)

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1. CEX Popular Cryptocurrencies

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

  • ETH: + 2.98%

  • XRP: + 15.00%

  • BTC: + 0.5%

  • SOL: + 1.33%

  • Doge: + 2.38%

  • ERA: New Coin

  • PEPE: - 1.48%

  • BNB: + 1.7%

  • BONK: - 8.55%

  • ADA: + 7.33%

24H Gainers List (Data Source: OKX):

  • HBAR: + 18.46%

  • FXS: + 17.34%

  • XRP: + 15%

  • ALGO: + 1335%

  • LDO: + 10.97%

  • RSR: + 10.57%

  • XLM: + 10.31%

  • CRO: + 9.78%

  • CRV: + 9.56%

  • RPL: + 9.52%

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

  • Valentine

  • DDAI

  • Fartcoin

  • BONK

  • WIFTRUMP

3. 24H Hot Search Cryptocurrencies

  • ETH: E is totally hardening this wave!

Headline

Trump Will Open Cryptocurrency Investment for US Retirement Market

According to the Financial Times, Trump is preparing to open cryptocurrencies, gold, and private equity to the $9 trillion US retirement market, which will stimulate a fundamental transformation in how Americans manage their savings. According to three informed sources, Trump is expected to sign an executive order as early as this week, opening alternative investments beyond traditional stocks and bonds for 401k retirement plans. These investments will cover a wide range of asset classes, from digital assets to metals, and funds focused on corporate acquisitions, private loans, and infrastructure transactions. The informed sources said the executive order will instruct regulators to investigate obstacles to incorporating alternative investments into professionally managed funds used by 401k account holders.

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Odaily Planet Daily News: According to Yujin monitoring, Jump Crypto converted 11,802 stETH (approximately $40.5 million) to ETH within an hour and transferred it to address 0x f 58, with part of the funds flowing to exchanges. These ETH originated from the Wormhole stolen assets that Jump jointly "retrieved" with Oasis in February 2023. Initially, 120,000 ETH were recovered, and they currently still hold about 28,000 ETH.

Trader Eugene has been gradually taking profits on ETH, stating that the current market trend has reached the expected level, having previously bet on a breakthrough this week

Odaily Planet Daily News: Trader Eugene posted in the community that during Ethereum's fierce rally, he has started to trigger a series of ETH ladder sell orders. He said the current market trend has reached the expected aggressive level. Previously, on July 7, Eugene bet that the market would break through this week, stating that he had re-longed ETH, which is the clearest bet target currently.

Project News

Plasma officially launches XPL public sale, token economic model announced

Odaily Planet Daily News: Stablecoin Layer 2 network Plasma officially announced that its token XPL public sale has started, which will continue until 9:00 AM Eastern Time on July 28. Additionally, XPL's token economic model has been published, with a total supply of 10 billion tokens, allocated as follows: 1. Public sale allocation 10%, with XPL for non-US buyers fully unlocked when the Plasma public mainnet test version launches; US buyers' XPL will be locked for 12 months, fully unlocking on July 28, 2026. 2. Ecosystem and growth allocation 40%, with 8% immediately unlocked when the mainnet test version launches, and 32% proportionally unlocked monthly over three years after mainnet test version launch. 3. Team allocation 25%, with 1/3 unlocked one year after mainnet test version public launch, and the remaining 2/3 proportionally unlocked monthly over the next two years. 4. Investor allocation 25%, with the same unlock schedule as the team.

Sonic to launch AI-driven development platform Spark, allowing users to build and deploy full-stack decentralized applications without programming

Odaily Planet Daily News: According to the official announcement, Sonic will launch the Spark platform, an AI-driven development platform that allows users to build and deploy full-stack decentralized applications without programming. Supported by Google's Gemini large language model, the platform features no-code full-stack building, self-debugging, built-in security logic, and context-aware interface. Spark is still in development, with early access soon to be opened.

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Odaily Planet News: Web3 intelligent layer W 3.io announces the completion of a $7 million seed round financing, led by Blockchange Ventures, with participation from Framework Ventures, Arrington Capital, and other institutions.
The alliance is building a programmable intelligent automation network called Prodigy Network, aiming to lower the barriers for enterprises to use blockchain technology. The CEO of W 3.io stated that the project is committed to developing plug-and-play business solutions covering global micropayments, mortgage loans, and other scenarios. (Globenewswire)

BTC Digital shifts strategy to Ethereum, no longer holding Bitcoin, and completes $6 million financing

Odaily Planet News: Nasdaq-listed BTC Digital Ltd. (ticker: BTCT) announced a shift in its core asset strategy from Bitcoin to Ethereum and completed $6 million in financing. The company has initially invested $1 million in ETH and plans to convert all existing and new BTC assets to ETH, with the goal of achieving an Ethereum reserve in the tens of millions of dollars by the end of the year.
CEO Peng Siguang stated that Ethereum has become the preferred platform for decentralized finance, real-world asset tokenization, and scalable smart contracts. BTCT will launch an ETH staking plan, expand its asset pool through reinvested earnings, and participate in DeFi, RWA, and stablecoin projects, transforming into a digital asset operator focused on productive assets.
BTCT previously focused on mining business, covering mining farm construction, mining pools, and data center operations. In the future, it will concentrate on ETH staking, liquidity pools, stablecoin reserves, and cross-chain settlements. (Investing)

Stablecoin payment service platform KUN completes Series A financing, with BAI Capital participating, cumulative financing exceeds $50 million

Odaily Planet News: Stablecoin payment service platform KUN has completed Series A financing, with participants including BAI Capital, GSR Ventures, a certain Hong Kong-listed company, and Eternium Global. The cumulative financing has exceeded $50 million.
KUN is an innovative technology enterprise focusing on stablecoin payment and financial services, based on licenses and compliance systems in Hong Kong, Singapore, and Europe, serving emerging markets such as the Greater Bay Area, Southeast Asia, Middle East, Africa, and Latin America. KUN has established three major business lines: payment, asset management, and card issuance, covering various products including corporate accounts, asset management, deposit and withdrawal services, and card issuance.

Regulatory Policies

EU plans to add tariffs and export controls on US services as retaliation for failed trade negotiations

Odaily Planet News: According to the Financial Times, two officials familiar with the negotiations said that if trade talks with the US break down, the EU is preparing a potential tariff list and export control measures for US services as one possible retaliatory measure. The European Commission is drafting this list of measures in response to Trump's tariff policies, which still needs to be submitted to EU countries. Additionally, EU countries have been discussing a retaliatory proposal for $72 billion worth of US imports (including tariffs on Boeing aircraft, automobiles, and bourbon whiskey), and the new list will further supplement this.

Thai SEC collaborates with Bank of Thailand to launch sandbox program, allowing foreign tourists to exchange digital assets for Thai baht

Odaily Planet News: The Thai Securities and Exchange Commission (SEC) has collaborated with the Bank of Thailand to launch a sandbox program that allows foreign tourists to exchange digital assets for Thai baht for consumption. The service will operate in a controlled sandbox environment supervised by the SEC, Bank of Thailand, Anti-Money Laundering Office, and other regulatory agencies. (Bangkok Post)

People & Voices

US SEC Chair: I support the merger of US SEC and CFTC

Odaily Planet News: US SEC Chair: I support the merger of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The SEC and CFTC must remain coordinated. (Jinshi)

Wintermute founder: Almost no ETH available for sale on Wintermute's OTC platform

Odaily Planet News: Wintermute founder and CEO Evgeny Gaevoy posted on X that there is almost no ETH available for sale on Wintermute's OTC trading platform.

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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