BlockBeats will compile the industry's key news content for the week of 7.14-7.20 in this article and recommend in-depth articles to help readers better understand the market and industry trends.
On July 14, Bitcoin broke $12.3K for the first time, setting a new all-time high. At the same time, the massive short position of "insider trader" @qwatio was completely liquidated, with a total value of $334 million. On July 18, ETH rose above $3,600, leading a surge in various altcoins, pushing the cryptocurrency's total market cap above $4 trillion. Related Readings: "ETH Surges Nearly 12% in a Single Day, Which Altcoins Might Follow?", "What Five Major Macro Factors Are Driving the Crypto Market's Strong Rebound?", "Trader's Observation: What's Next for Bitcoin After Breaking All-Time High?"
On July 18, the U.S. House of Representatives passed three cryptocurrency-related legislations: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance Act. The CLARITY Act and the Anti-CBDC Surveillance State Act will be sent to the Senate for review. The GENIUS Act was officially signed into law by Trump on Friday. Related Readings: "The Stablecoin Bill in Hand, and the Restless Wall Street Bankers", "Crypto Milestone Approaching, How Will the Three Major Crypto Bills Impact the Industry?", "Washington's 'Crypto Week' Begins, How Will the Three Bills Reshape Crypto's Destiny?"
On July 13, White House economic adviser Hassett stated that if there is evidence, U.S. President Trump has the right to fire Fed Chair Powell and added that the Fed bears "a lot of responsibility" for the excessive cost of renovating the Fed's Washington headquarters. However, in the following days, Trump's stance on whether to fire Powell was always wavering. On the 18th, Fed Chair Powell responded to the Fed building renovation issue, stating that the collaboration with the National Capital Planning Commission has been constructive and prudent, and it was voluntarily initiated by the Fed. Project changes approved by the National Capital Planning Commission have only involved reductions and simplifications of construction content and have not introduced any new elements, requiring no further review. Related reading: "Trump's Pressure on Powell: A Global Easing Triggered by Renovation", "Regarding Powell's Fate: Market Predictions Listen to Trump, Rate Market Listens to Clarida"
On July 17, Base held the "A New Day One" event, where Coinbase CEO Brian Armstrong and Base co-founder Jesse Pollak delivered speeches and announced the launch of the "Everything App" — "Base App," aimed at attracting more users into the crypto economy. This new app, replacing the Coinbase Wallet, integrates wallet, trading, and payment functions, while also incorporating social media, instant messaging, and mini-program support, all running on its in-house developed Ethereum layer-2 network, Base. It also introduced Flashblocks to increase network base speed by 10 times, making the Base network currently the fastest EVM chain. Related reading: "Base Conference Digest: From Superchain to Super App", "Coinbase No Longer Wants to Be an Exchange", "Ahead of Twitter, New Coinbase Wallet Evolves into WeChat"
On July 18, Backpack announced that it has officially opened the FTX debt sale channel. Users can complete the entire process on the platform: real-name authentication, debt verification, quote confirmation + settlement payment. Backpack will not charge any fees throughout the entire process. "To assist other users who still hold FTX debt, we will launch a non-profit, completely neutral debt sale channel to help FTX global debt holders connect with third-party buyers willing to purchase FTX debt."
On July 16, Musk asked for name suggestions for Grok's male partner on Platform X. In response to the community's mention of "Taki, derived from your name (Musk)," Musk replied with a "heart" emoji, indicating potential approval. Influenced by this news, related meme coins experienced significant short-term volatility: Ani briefly surged to a $40 million market cap before falling back; the male partner originally named CHAD saw its market cap surpass $2 million; and multiple meme coins with the name "Taki" briefly appeared. On the 17th, Musk tweeted that the male partner in the Grok humanoid companion will be named Valentine, after the protagonist in Heinlein's novel "Stranger in a Strange Land." Subsequently, CHAD experienced a sharp drop of over 50%, with a market cap of less than $500,000, having previously spiked to over $10 million. Additionally, meme coins related to the Grok humanoid companion, Ani and rudi, both experienced declines: Ani's market cap dropped to $70 million, and rudi's market cap dropped to $12 million. Further reading: "AI Girlfriend Concept Soars, What is Ani that Musk is Crazy About Again?"
On July 15, according to on-chain analyst Wu Jinxin's monitoring, the "Silent 14-Year Hodler of 80,000 BTC Whale" transferred 40,010 BTC and sent it all to Galaxy Digital, with an average transfer-out price of $117,391. This transfer may be for selling purposes. On the 17th, according to on-chain analyst Ai Yi's monitoring, the whale once again moved 40,000 BTC to the address starting with bc1qs..., totaling $4.74 billion.
On July 18, BlackRock's iShares Ethereum ETF submitted a staking application. According to a document filed on Thursday, this application was submitted to Nasdaq under SEC Rule 19b-4. 21Shares and Grayscale have also previously submitted similar proposals to introduce staking for their Ethereum ETFs. Possibly in response to this news, LDO saw a temporary surge of over 11%.
On July 15, according to on-chain data, the publicly traded company SharpLink Gaming's ETH holdings have reached 294,000 coins, with an average purchase price of around $2,695. As the top institutional holder of ETH, SharpLink's holdings have surpassed those of the Ethereum Foundation, which holds about 51,200 coins and currently ranks second. Over the past 30 days, the Ethereum Foundation's holdings have decreased by 6.52%, while SharpLink Gaming has seen an increase of around 48.5% in holdings over the same period. Related reading: "New ETH Whale: Why Are We Betting on SBET?"
On July 18, according to an official announcement, the Ethereum Foundation will host global community events on July 30, the 10th anniversary of Ethereum, in cities including Shenzhen and Hong Kong, China.
On July 18, it was reported that Trump is preparing to open up cryptocurrency, gold, and private equity investments to the $9 trillion U.S. retirement market, a move that will stimulate a fundamental shift in how Americans manage their savings. According to three sources familiar with the matter, Trump is expected to sign an executive order as early as this week, opening up 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, as well as funds focused on corporate acquisitions, private lending, and infrastructure deals. Related reading: "$9 Trillion Pension Funds Enter the Crypto World? Trump Plans to Lift Ban on 401(k) Investment in Crypto Assets"
On July 14, according to official sources, Grayscale Investments announced that it has secretly submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC). The number of shares to be registered and the price range have not yet been finally determined. The registration is expected to be implemented after the SEC completes the review process, and will depend on market and other conditions. Related reading: "Bitcoin All-Time High Moment, Asset Management Giant Grayscale 'Silently' Launches IPO Plan"
On July 14, according to an official announcement, Binance Wallet will introduce a new Token Generation Event (TGE) mode, using the Bonding Curve mechanism—a pricing method that dynamically adjusts token prices based on market demand. This event, jointly launched by Binance and Four.Meme, is the platform's first TGE to adopt this mechanism. On July 16, the Binance Wallet-exclusive Bonding Curve version TGE will launch its first project, Hyperion (RION). Related reading: "Binance's New Play: Bonding Curve Version TGE—What's the Story Behind the First Project, Hyperion?"
On July 14, Linea's project leader, Declan Fox, posted explicit information on social media stating that Linea's tokenomics and governance rules will be announced by the end of July (not related to a Token Generation Event TGE); a few days before the TGE, the airdrop eligibility query tool and criteria will be announced; the specific TGE timing depends on external factors like CEX, but will not be delayed for too long; SBET is the Sharplink stock code. The Linea token code is LINEA, but SBET, ETH, and LINEA will form a "Three Musketeers" combination via Ethereum. Related reading: "Linea Finally Getting Ready for TGE, Looking Back on the Life and Death of an L2 Unicorn Over 900 Days"
On July 17, according to documents obtained under the Freedom of Information Act by independent crypto journalist L0la L33tz, it was revealed that the US Marshals Service holds a much smaller amount of Bitcoin than previously believed. In a response letter, the Department of Justice disclosed that as of March, the agency only held 28,988 BTC. This number is significantly different from other market data sources: Arkham Intelligence estimated that various US government departments collectively hold nearly $25 billion in crypto assets; Bitcoin Treasuries data shows that the US government should hold 198,012 BTC (approximately $25 billion). Senator Cynthia Lummis, a major proponent of strategic Bitcoin reserves, said, "Shocking if true, reports suggest that the US has sold off over 80% of its Bitcoin reserves, leaving only about 29,000 BTC, which would be a significant strategic mistake, setting the US back in the Bitcoin arena by years." Related reading: "Trump's Crypto Reserve Plan Thwarted, Did US Marshals Sell Off 170,000 BTC?"
On July 17, Mable Jiang, former Chief Growth Officer of Stepn's parent company FSL, announced her departure and the founding of the social protocol Trends. Trends will be anchored in value and dedicated to advancing the information financial boundary. Trends has received early support from several prominent founders and angel investors, including Solana co-founder Anatoly Yakovenko, Solana Foundation Chair Lily Liu, Jupiter co-founders Meow & Siong, among others. Mable stated that after years of exploring mainstreaming crypto applications, she distilled three first principles: real Web3 innovation is always accompanied by a substantial reduction in value flow costs; tokenization as a trend that merges with social media; and ongoing decreases in on-chain issuance and value transfer costs, with the social scenario being prepared for this transformation. Related reading: "Solana All-Stars Support, How to Play 'Tweet to Token' Trends.fun?"
On July 15, Standard Chartered Bank launched a Bitcoin and Ethereum spot trading service for institutional clients through its UK branch to meet the growing demand for cryptocurrency. Standard Chartered Bank stated that it became the first globally significant bank to offer deliverable Bitcoin and Ethereum spot trading services, with secure, compliant, and scalable access.
On July 17, according to information on the relevant page, the Trump family cryptocurrency project's 'WLFI Token Tradable' proposal has concluded voting and been approved. The proposal aims to make the WLFI token tradable, enabling broader community governance participation through peer-to-peer transactions or the secondary market; drive the WLFI ecosystem from closed participation to open participation; enhance the token's utility and use cases; initiate the next phase of community ownership and interaction; and ensure long-term token incentives align with protocol adoption and success. Related Read: "WLFI Unlocking Launch Approaching, What's the Valuation?"
On July 14, it was reported that Hungary officially implemented one of the world's strictest cryptocurrency regulations as of July 1, forcing several major fintech companies to suspend related services and potentially categorizing the digital asset trading activities of hundreds of thousands of citizens as criminal offenses. This significant policy change has caused widespread disruption and concern in the fintech sector. The new regulations introduced two criminal offenses: "Cryptocurrency Abuse" and "Providing Unauthorized Cryptocurrency Exchange Services." Individuals using unauthorized cryptocurrency exchange services could face up to two years in prison for basic transaction activities; if the transaction amount exceeds 50 million Hungarian forints (approximately $140,000), the maximum sentence could be three years; if it exceeds 500 million forints (approximately $1.4 million), the maximum sentence could be five years.
On July 15, according to official sources, the decentralized card game fantasy.top announced its migration to Base, and the required cross-chain bridge for the migration will open at 1 p.m. on July 15. On December 13 last year, the decentralized card game Fantasy.top, based on Blast, announced the launch of the platform's second version, Fantasy V2, while also completing a $4.25 million seed funding round. This round of funding was led by Dragonfly with participation from Manifold Ventures. Related Read: "Ecosystem 'Flagship' Fantasy.top Leaves, What Happened to Blast?"
On July 15, FOX Business reporter Eleanor Terrett reported that California Governor Gavin Newsom announced the launch of the "California Breakthrough Project" and invited senior executives from technology and cryptocurrency companies such as Ripple, Coinbase, and MoonPay to participate in providing advice and support to enhance California government efficiency and interdepartmental collaboration. The project's working group held its inaugural meeting at Ripple's headquarters in San Francisco on June 6, with other participants including executives from Instacart, Snapchat, Anduril Technologies, and prominent angel investor Ron Conway.
On July 15, according to Bloomberg, during the Trump administration, the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) concluded their investigation into the prediction platform Polymarket.
On July 15, according to market sources, Nvidia (NVDA.O) announced it will resume sales of the H20 chip in China, introducing a new, fully compliant GPU for the Chinese market. The U.S. government has provided assurances to Nvidia to grant licenses, and Nvidia hopes to begin deliveries soon. Related reading: "Huang Renxun: 30 Years After Financial Freedom, I Have No Dreams"
On July 18, it was reported that Block Earner launched Australia's first bitcoin-backed home loan. Prior to this, the company had been involved in a legal battle with regulatory authorities for over two years. The launch of this product followed an April ruling by the Federal Court, which determined that Block Earner's cryptocurrency lending product did not fall under the category of a "financial product" under the Corporations Act. This ruling means that the company does not need to hold a financial services license to accept bitcoin as collateral in mortgages.
On July 18, according to Caixin, a mainland virtual currency investment scam has spread to Hong Kong, with at least 118 individuals falling victim to the scam, resulting in a total loss of approximately 3.2 million Hong Kong dollars. Hong Kong police revealed that on July 15, they arrested 4 local Hong Kong residents on charges of "conspiracy to defraud." These individuals are accused of hosting promotional events for the mainland virtual currency scam, soliciting victims, and collecting fraudulent funds totaling 3.89 million Hong Kong dollars. Apart from a small amount of funds that were withdrawn, the remaining approximately 3.2 million Hong Kong dollars have not yet been recovered.
On July 15, it was reported that crypto infrastructure company Function completed a $10 million seed round, led by Galaxy Digital with participation from Antalpha and Mantle.
On the 15th, it was reported that Two Prime is a registered investment advisor and institutional lender in the United States with around $1.75 billion in assets under management. The company announced the completion of a $20 million equity funding round led by Bitcoin mining firm MARA Holdings (MARA), with participation from Susquehanna Crypto. In addition to acquiring equity in the company, MARA will also participate in Two Prime's institutional revenue strategy with a Bitcoin allocation, increasing its original 500 BTC to 2,000 BTC.
On the 15th, enterprise-focused crypto-native bank platform Dakota completed a $12.5 million Series A funding round, led by CoinFund with participation from 6th Man Ventures and Triton Ventures, aimed at expanding its borderless banking services.
On the 17th, tokenized currency market fund platform Spiko announced the completion of a $22 million Series A funding round led by Index Ventures, with participation from White Star Capital, Frst, Rerail, Bpifrance, and Blockwall.
On the 17th, decentralized messaging protocol XMTP developer Ephemera completed a $20 million Series B funding round to build and grow its ecosystem. This round was co-led by Union Square Ventures, a16z crypto, and Lightspeed Faction, with participation from Coinbase Ventures, Offline Ventures, Sound Ventures, among others.
On the 18th, Blockskye, which is building blockchain infrastructure for business travel, completed a $15.8 million Series C funding round led by Blockchange, with participation from United Airlines Ventures, Lightspeed Faction, KSV Global, Lasagna, and others.
On the 18th, it was reported that the content subscription payment platform Substack recently completed a $100 million funding round led by BOND and The Chernin Group, with participation from Andreessen Horowitz, Klutch Sports Group's Rich Paul, and Skims Body Inc co-founder Jens Grede.
On the 18th, privacy-focused financial protocol AI Cross Matrix (ACM) announced the completion of a $12 million seed funding round, with investors including Asva Capital, Genesis Capital, BuzzBridge Capital (BZB), Avalon Wealth Club, and M2M Capital.
"The Enacted Stablecoin Acts and the Restless Wall Street Bankers"
The U.S. passing the "GENIUS Act" and "CLARITY Act" marked the formal "landing" of stablecoins, making them nationally endorsed official financial instruments. The clarity in regulations has sparked the collective entry of traditional Wall Street banks. JPMorgan Chase, Citi, Bank of America, among others, are all expanding into stablecoins and on-chain payments, with Standard Chartered Bank even directly opening up Bitcoin and Ethereum spot trading. Meanwhile, Peter Thiel and others have launched the new bank Erebor, providing compliant stablecoin services for high-risk innovative enterprises. With the reissue of Federal Trust Bank charters, companies like Circle, Ripple, Anchorage are actively seeking access to the Fed's clearing system, ushering in the next round of the restructuring tide of financial infrastructure as crypto finance moves from the edge to the mainstream.
"ETH's Game of Musical Chairs: From Retail Consensus to Wall Street Conspiracy?"
ETH's plunge from the beginning of the year to $1,500 was actually a planned washout and changing of hands by institutions, as on-chain data shows chips are consolidating in the hands of a few large holders. U.S. small-cap stocks like SBET, BMNR are heavily buying ETH through PIPE financing, with backers including Pantera, Consensys, Founders Fund, and other crypto OGs. ETH's upward narrative has shifted from a hype narrative to structured financial instruments, attracting traditional financial funds. This script is orchestrated by Ethereum's core capital, with ETH transitioning from a community consensus asset to an institutional conspiracy asset, the narrative has changed but the incumbents remain familiar crypto whales.
"Coinbase Doesn't Want to Be an Exchange Anymore"
Coinbase is undergoing a deep transformation from a traditional exchange to a provider of on-chain financial infrastructure. Faced with challenges such as declining profits, loss of trading volume, and increased competition, the company has made acquisitions of Spindl, Iron Fish, Liquifi, and Deribit to build around the Base chain, the USDC network, wallets, and the derivatives market, creating a full-stack ecosystem covering payments, privacy, token management, and institutional services, gradually moving away from reliance on spot trading. Coinbase is positioning itself as the "Apple + Visa + AWS" of the Web3 world, reshaping the underlying structure of the crypto world with identity systems, on-chain social features, and payment settlement as focal points. Its ultimate competitor is no longer just crypto exchanges but the entire traditional financial system.
"If ETH Reaches $5000, How Much Can SBET Rise?"
Over the past month, as Ethereum has surged from $2100 to $3000, ETH has quietly become a new strategic asset chased by publicly listed companies. Five US-listed companies have collectively purchased over 540,000 ETH, valued at over $1.6 billion, with SharpLink (SBET) increasing its holdings by nearly 50,000 ETH in just 5 days, with staking rewards exceeding 300 ETH, surpassing the Ethereum Foundation in holdings. The mNAV index indicates that the current valuation is still rational and has not entered the emotional bubble stage. Institutions value ETH for its three main attributes—staking rewards, RWA narrative, and replicable "MSTR model"—driving an institutional discovery of Ethereum's value. If ETH continues to rise to $5000, these "Ethereum equity tokens" may undergo a new round of valuation reassessment.
"$PENGU's Meteoric Rise: The Little Penguin Aiming to Become the Face of Finance"
Pudgy Penguins is redefining the narrative and positioning of NFTs. Recently, both its NFT floor price and the $PENGU token have skyrocketed not due to hype but ignited by a "silent agreement" among a group of crypto heavyweights to change their avatars to penguin images, reflecting its rise as an industry consensus symbol. From deep ties to core Web3 projects to breaking the barrier between traditional finance by ringing the Nasdaq opening bell, Pudgy Penguins is vying for the position of the "financial world's visual ambassador," no longer just a meme or NFT project but aiming to become a brand symbol connecting mainstream and crypto with its endearing and approachable image.
"From Binance Alpha to Binance Spot: What Are the Conditions for Projects?"
After upgrading from Binance Alpha to 2.0, most projects listed on Binance Spot are new projects with a strong funding background and a formal project team, accounting for only about 20%, demonstrating a higher entry barrier. These projects are diverse in type and not clearly biased towards popular narratives or self-funded projects, but generally have strong funding capabilities and follow a TGE + airdrop schedule in sync. In terms of performance, more than 70% of projects had a maximum diluted market value on the opening day exceeding 20 times the funding amount, and the market's valuation expectations for "mainstream" projects have gradually formed a hidden threshold.
"Big Players Rush to Buy: How Attractive Is Plasma's XPL Public Sale?"
Plasma, invested in by Tether's parent company Bitfinex and Peter Thiel, raised $27.5 million in just two months, with a valuation as high as $5 billion, becoming the most eye-catching stablecoin-specific public chain to date. It combines the security of the Bitcoin settlement layer with Ethereum Virtual Machine compatibility, supporting free USDT transfers, privacy protection, and native BTC liquidity, attracting a large number of users to participate in the XPL public sale. Its unique fee mechanism and two-layer architecture not only improve performance but also open up new sources of revenue and influence for Tether, potentially becoming the new dominant stablecoin challenging Tron.
"Amid the Surge of Crypto Treasury Companies, What Are Some Potential 'Pitfalls'?"
The "crypto treasuryization" of publicly traded companies is evolving from simple coin holding into a carefully designed financial engineering process, driving market value through narratives and guiding flow through structures using traditional financing tools such as PIPE, SPAC, ATM, and convertible bonds. With the support of institutions like UTXO, Pantera, and Galaxy, several companies have transformed into "coin-based monster stocks." However, this capital game also harbors structural risks: information asymmetry, dilution suppression, and liquidity mismatches often leave retail investors at a disadvantage. What truly drives stock price fluctuations may not be Bitcoin's price but rather the invisible logic of capital structure.
"The Underrated Opportunity: Is Ethereum Meme the Wealth Password of This Cycle?"
In this article, the author shared their specific strategy for achieving financial freedom through an Ethereum meme coin: gradually exiting the dwindling liquidity of the Solana ecosystem, transitioning to a high-liquidity, DeFi-compatible Ethereum meme coin, focusing on allocating to blue-chip projects like PEPE, MOG, SHIB, while also moderately holding mid and small-cap coins to enhance potential returns. By utilizing the IMF protocol for meme coin collateralized lending, engaging in low-risk spot leverage operations to maximize returns. Lastly, the author emphasized taking profits in batches, setting clear exit strategies, and believed that meme coins will continue to surge in the next bull market.
"Peter Thiel: 2024, the First Year Musk No Longer Believes in Mars"
The perplexing relationship between Silicon Valley and Trump stems from deep-seated technological anxiety and ideological shifts within Silicon Valley. In a dialogue with Ross Douthat, Peter Thiel reiterated his concerns about "technological stagnation," stating that since the 1970s, society has gradually lost its drive for progress, with a veiled soft authoritarianism under the guise of "peace and security." He criticized mainstream tech culture for losing its adventurous spirit, calling for a rekindling of belief in radical exploration and cautioning that environmentalism and global governance could become breeding grounds for future "Antichrist" control. He views AI as the current sole technological breakthrough, which could either drive restructuring or exacerbate stagnation. Facing the future, he maintains both a realism and a hope for free will.
"When Wall Street Starts Buying ETH, Ethereum Reaches a Milestone"
As Wall Street refocuses on crypto assets, ETH is becoming a core target in institutional vision — it has ETF support, a robust on-chain stablecoin ecosystem, and a positioning as the "digital gold beta." Despite Ethereum still facing scalability and value capture issues, in investor perception, ETH is attracting structural incremental funds due to the "Lindy effect" and relatively undervalued positioning, driving its asset pricing gradually detached from on-chain narratives, moving towards a potential historical high.
"Two Weeks after the Launch of 'Stock Tokenization': Speculation Intensifies, Tracking Amazon Token Price Quadruples Stock Price"
Blockchain tokenized stocks aim to allow global users to invest in US stocks more conveniently, but in practice, they have faced serious price divergences, liquidity shortages, and regulatory risks, triggering concerns about market manipulation and insider trading. Multiple tokens experienced significant price surges during the initial issuance, far exceeding the target stock price, and tokens linked to pre-IPO companies introduced by Robinhood also faced official scrutiny. Although the issuers claim that blockchain transactions are more transparent, trading on anonymous platforms is still seen as a potential regulatory loophole.
"New Cross-Ecosystem Collaboration: HYPE Surges to the Top, Phantom Benefits from Referral Commissions"
The Solana ecosystem wallet Phantom has partnered with the decentralized exchange Hyperliquid to allow users to directly engage in up to 40x leverage contract trading within the wallet. This collaboration has brought significant effects: Hyperliquid has reached millions of users, resulting in a new price high for its token; Phantom has quickly profited through a referral mechanism, expanding its product offering with contract trading functionality; users can enjoy improved liquidity and near-institutional-level fees. This seamless cross-ecosystem integration is also seen as a practical example of the future of chain abstraction, showcasing a new direction for the evolution of integrated crypto products.
"Solana Meme Platform Battle: Is Raydium the Unexpected Biggest Beneficiary?"
Letsbonk.fun, with its daily deployments and graduate token count surpassing Pump.fun, has become the most popular meme token launch platform. Its LaunchLab framework based on Raydium has made Raydium one of the biggest beneficiaries of this trend. As a large number of new coins are issued through Letsbonk.fun, Raydium not only gains continuous transaction fees but also strengthens the repurchase of RAY through LaunchLab's fee mechanism. The repurchase fund currently accounts for 12% of the circulating market value, providing strong support. Additionally, the layout of US stock token trading on Raydium indicates further growth potential in future revenue.
"Unveiling Ethereum's Two-Year Technical Roadmap: Which Upgrades Will Provide the Strongest Price Support?"
Over the next two years, Ethereum will advance technical innovation in five major directions: zkEVM, execution architecture, L1-L2 collaboration, validator mechanism, and sharding. zkEVM will directly enhance main chain efficiency and institutional compliance, the RISC-V architecture will reshape execution performance and cost structures, L1-L2 cooperation will break through cross-chain barriers and integrate massive liquidity, validator threshold and reward optimization are expected to increase staking participation and strengthen deflation logic, and the restart of the sharding plan will pave the way for Web3 scalability. Technological changes combined with structural improvements in supply and demand may provide medium- to long-term support for ETH prices.
"From Appointment to Showdown: Trump and Powell's Seven-Year Power Game, Resignation Storm May Trigger Turbulence"
Trump launched a showdown against Powell over issues with the Federal Reserve headquarters renovation, escalating this seven-year political game into a high-risk event affecting global markets. If Powell is indeed forced to step down, it will shake the Fed's independence, trigger a depreciation of the US dollar, cause drastic fluctuations in US bond yields, and intensify uncertainty in global financial markets. This is not just a struggle over interest rates and inflation trajectory, but also a direct conflict between institutional authority and political power.
"From Grassroots to $600 Billion Market Cap, Robinhood's Journey from Entertainment to Life"
Starting from a zero-commission trading platform, Robinhood quickly attracted millennial retail investors with gamified design and payment for order flow model, leading to a transformation in the industry's commission structure. Despite a damaged reputation after the GameStop incident, the company seized the opportunity to accelerate its crypto strategic layout. With key milestones such as the Dogecoin craze, launch of Robinhood Wallet, SBF's investment, the crypto business saw rapid growth. By 2025, Robinhood acquired Bitstamp, developed its own blockchain, and opened up blockchain securities trading, completing its transformation from a retail brokerage to a global fintech platform. Its stock price surpassed $100, with a market cap exceeding $880 billion, reshaping its position as a key player in the financial narrative.
"Binance 2025 H1 Research Report: Bitcoin Exhibits High Beta Characteristics, Mainstreaming of Stablecoins Accelerates"
In the first half of 2025, the overall crypto market showed a pattern of oscillation and rebound. Amid a mix of macro bearishness and policy bullishness, the total market cap had a slight increase of 1.99%. Bitcoin, driven by ETFs and corporate allocations, maintained a market cap of $2 trillion, while the Ethereum ecosystem showed resilience, and Solana and BNB Chain remained highly active. DeFi entered a mature stage, with RWAs, prediction markets, and stablecoins becoming new growth points. Institutional entry and the trend of traditional financial asset tokenization accelerated, with regulatory clarity emerging in the US and EU, providing compliance support for the market. The market will continue to be impacted in the second half of the year by shifts in monetary policy, legislative advancements, and the deepening integration process with TradFi.
"Public Company Crypto Treasury Trend: Deep Dive into Behind-the-Scenes Crypto VCs"
More and more public companies are incorporating crypto assets into their financial strategies, forming a wave of "crypto treasuryization." Behind this trend are crypto VCs and funds such as Pantera, Galaxy Digital, Animoca, Sora, and DWF Labs, which are driving this initiative through PIPE deals, convertible bonds, mergers, and acquisitions. These institutions not only provide funding but also participate in corporate governance and strategic decision-making, helping companies like MicroStrategy, SharpLink, and Upexi build on-chain financial systems based on BTC, ETH, or SOL. This accelerates the digital transformation of traditional enterprises and signifies that crypto assets are gradually becoming a new category of reserve assets in the global capital markets.
"$500 Million Sold Out in 12 Minutes, Is Public Offering Manipulation Just a Game for Institutions and Whales?"
A PUMP presale triggered market sentiment, selling out $500 million in just 12 minutes. However, data shows that actual participants were highly concentrated, with CEX channels almost empty of new offerings, and Kraken having only two individuals with large allocations. While the official website reported thousands of participants, the median purchase amount was only $540, indicating that most users had limited actual investment. Large holders circumvented restrictions through new wallets, controlling the flow of funds. Overall, what seemed like a decentralized feast of mass participation turned out to be a precise layout by a few whales, with retail investors mostly as spectators and providing liquidity for exits.
"2024 Crypto Listing Wave: SPACs Replace Traditional Shell Mergers as Bitcoin Companies Race to Go Public"
The Strategy company pioneered the trend of public companies holding Bitcoin through a debt-for-coin model, creating a "buy coin—fundraise—buy coin again" leverage cycle. This model is further simplified and replicated through SPAC listings, where emerging companies can go public solely based on holdings and financial structuring without actual operations. Despite the advantages of SPACs such as relaxed regulations and flexible narratives, they also face challenges related to transparency, governance, and accumulated risks. However, driven by bullish market sentiments and institutional endorsements, SPACs are becoming a new avenue for securitizing Bitcoin exposure. Investors need to be cautious of the gap between the complex structure of SPACs and the nature of the underlying assets.
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