Important information last night and this morning (July 16-July 17)

- Tether's Circulation Surpasses $160 Billion, Hitting a New All-Time High  

According to transparency data on Tether's official website, the current net circulation of USDT has reached $160.261 billion, setting a new all-time high. By blockchain, Tron, Ethereum, and Solana dominate, with circulations of $80.117 billion, $75.637 billion, and $18.864 billion respectively. Tether CEO Paolo Ardoino stated in a post that this achievement demonstrates USDT's unparalleled utility as a digital dollar in emerging markets.  

- Raydium Has Repurchased 69.1 Million RAY with $190 Million, Accounting for 25% of Circulation  

Data from Infra shows that as of July 2025, Raydium has invested a total of $190.4 million in USDC to repurchase $RAY, with a cumulative repurchase quantity of 69.1 million tokens, accounting for 25% of its circulating supply.  

- Argot Collective Sold Another 1,210 ETH for 4.09 Million USDC 4 Hours Ago  

According to Yu Jin reports, the non-profit development organization Argot Collective sold another 1,210 ETH for 4.09 million USDC 4 hours ago. Since July 11, the organization has converted a total of 3,626.6 ETH into $11.2 million USDC, with an average selling price of $3,089.  

- SharpLink Gaming Continues to Increase Ethereum Holdings, Exceeding 320,000 Coins in Total  

According to Yu Jin reports, SharpLink Gaming purchased an additional 20,279 ETH through Coinbase Prime and Galaxy Digital in the past 4 hours, valued at approximately $68.38 million. Since early June, SharpLink Gaming has adopted a MicroStrategy-like strategy, accumulating 321,000 ETH with an average purchase price of around $2,745, and currently holds an unrealized profit of $204 million. Notably, Arkham data does not yet include the 77,000 ETH it directly staked.  

- 4Paradigm Plans to Place 25.9 Million Shares to Raise Over HK$1.3 Billion for RWA, Stablecoins, and Other Sectors  

Hong Kong-listed company 4Paradigm issued an announcement on the Hong Kong Stock Exchange today (before the trading session). The company entered into a subscription agreement with subscribers, whereby subscribers conditionally agreed to subscribe, and the company conditionally agreed to allot and issue a total of 25.9 million subscription shares at a subscription price of HK$50.50 per share, with a total consideration of approximately HK$1,307,950,000. The announcement stated that the net proceeds from the subscription are approximately HK$1.30618 billion, with 50% to be used for R&D investments in products and solutions with comprehensive artificial intelligence capabilities in emerging fields such as embodied intelligence, smart devices, blockchain, real-world assets (RWA), and stablecoins; 40% for global business expansion and potential mergers and acquisitions in the aforementioned emerging fields; and 10% for general corporate purposes.  

- CME Group Explicitly States It Will Not Launch Meme Coin Derivatives, Considering 24/7 Crypto Trading  

According to CoinDesk, the world's largest derivatives exchange, CME Group, stated that it has no plans to launch derivatives related to meme coins due to the lack of practical use cases. CME has recently expanded into Solana and XRP futures, attracting a large number of institutional investors, with trading volume of related products reaching billions of dollars. In addition, CME is exploring extending trading hours to 24/7 to better align with the crypto market but has not yet made a formal decision.  

- Trend Research Transferred 79,471 ETH to Binance for Reduction  

According to Yu Jin reports, Trend Research has transferred 79,471 ETH (approximately $250 million) to Binance for reduction. Since the start of the reduction, its on-chain borrowings have decreased from $275 million before selling ETH to the current $168 million. This means that the institution has sold at least $107 million worth of ETH in the past day. Currently, the quantity shown in Arkham data does not include the 77,000 ETH it directly staked.  

- World Liberty Fi Spent $10 Million to Purchase 3,007.4 Ethereum in the Past 9 Hours  

According to Onchain Lens, World Liberty Fi spent $10 million in USDC to purchase 3,007.4 Ethereum at a price of $3,325 per coin in the past 9 hours.  

- UK MPs Call for Ban on Cryptocurrency Political Donations  

According to Cointelegraph, several UK MPs have recently called for a ban on cryptocurrency use for political donations, citing concerns about traceability and potential foreign interference. Cabinet Office Minister Pat McFadden stated that existing legislation needs to be updated promptly to ensure transparency and credibility in political financing. Earlier, the UK Reform Party announced that it would accept Bitcoin donations, attracting widespread attention. Anti-corruption agencies warned that allowing cryptocurrency donations would increase the risk of criminal funds flowing into the political arena. In addition to the UK, Ireland and some US states have also imposed bans on cryptocurrency political donations.  

- U.S. House Passes Procedural Vote on Cryptocurrency Bills  

The Republican-led U.S. House of Representatives successfully passed a key procedural vote on Wednesday, paving the way for the final vote on several cryptocurrency-related bills, which would mark a major victory for the digital asset industry. A day earlier, conservative Republicans blocked the passage of the procedural motion, causing the relevant process to stall. Trump intervened to rescue the bill.  

- U.S. Stock Close: Three Major Indices Edge Higher; Circle Surges 19%  

U.S. stocks closed on Wednesday, with the Dow Jones initially up 0.5%, the S&P 500 up 0.3%, and the Nasdaq up 0.25%. Circle (CRCL.K) rose 19.3%, ASML (ASML.O) fell more than 8%, and Tesla (TSLA.O) rose 3.5%. The Nasdaq Golden Dragon China Index fell 1.4%, Alibaba (BABA.N) fell 1%, and Baidu (BIDU.O) fell more than 7%.  

- Coinbase Launches Base App, Creating One-Stop Social and Trading Platform  

According to The Block, Coinbase officially released the Base App, upgrading the original Coinbase Wallet into an "all-in-one app" integrating social features, mini-applications, trading, and instant USDC payments. The new platform is based on the Ethereum Layer 2 Base ecosystem, allowing users to view friends' transactions in real-time in social feeds, directly exchange tokens, and realize revenue monetization for content creators through the Farcaster protocol. The Base App also has hundreds of built-in mini-applications, supporting one-click USDC payments via NFC and encrypted chat. Coinbase stated that this move aims to make on-chain operations as simple as using ordinary apps. It will gradually open public beta in the future and invite developers to integrate the "Sign in with Base" function.  

- ETH Breaches $3,400, Up 4.79% Intraday  

According to OKX market data, ETH has just broken through $3,400, currently trading at $3,400.08 per coin, with an intraday increase of 4.79%.  

- Trump Denies Drafting Letter to Fire Fed Chair Powell  

According to Jinshi, Trump denied drafting a letter to fire Federal Reserve Chair Powell. U.S. President Trump recently stated: "Fed Chair Powell has always acted too late and performed poorly; we will continue to address challenges." When asked whether he would fire Fed Chair Powell, Trump said: "There are no plans. But changes will occur within the next eight months, and a person with excellent performance will be appointed. We will consider White House National Economic Council Director Hassett for a position related to the Federal Reserve. Only interested in 'low-interest rate advocates' serving as Fed Chair."  

- Probability of Fed Rate Cut in September Approaches 70%  

According to Jinshi, Trump hinted at firing Fed Chair Powell. CME "Fed Watch" data shows that the probability of the Federal Reserve keeping interest rates unchanged in July is 95.3%, and the probability of a 25-basis-point rate cut is 4.7%. The probability of the Federal Reserve keeping interest rates unchanged in September has dropped to 32%, the cumulative probability of a 25-basis-point rate cut is 64.9%, and the cumulative probability of a 50-basis-point rate cut is 3.1%.  

- New York Times: Trump Has Drafted a Letter to Fire Fed Chair Powell  

According to Jinshi citing the New York Times, U.S. President Trump has drafted a letter to fire Federal Reserve Chair Powell.  

- U.S. White House Official: Trump May Soon Fire Fed Chair Powell  

According to Jinshi, a U.S. White House official stated that U.S. President Trump may soon fire Federal Reserve Chair Powell, and there is no exact timetable for the decision.  

- Listed Company Windtree Signs $60 Million Securities Purchase Agreement to Launch BNB Treasury Strategy  

According to BusinessInsider, U.S. listed company Windtree (WINT) announced that it has signed a $60 million securities purchase agreement with Build and Build Corp, with potential additional total proceeds of up to $140 million from future subscriptions, bringing the total subscription amount to $200 million. The proceeds from this fundraising will be mainly used to launch the BNB Treasury Strategy and acquire BNB. Windtree is expected to become the first Nasdaq-listed company to offer direct investment exposure to BNB tokens.  

- U.S. Listed Ethereum Reserve Concept Stocks Rise Strongly; Market Focuses on U.S. "Crypto Week" Legislation  

According to Zhitong Finance, on Wednesday, U.S. listed Ethereum reserve concept stocks rose strongly. GameSquare (GAME.US) soared over 40%, BTCS Inc (BTCS.US) rose over 22%, Bitmine Immersion Technologies (BMNR.US) rose over 15%, Bit Digital (BTBT.US) rose over 12%, and SharpLink Gaming (SBET.US) rose over 11%. In terms of news, the price of Ethereum approached $3,200, up nearly 3% intraday. In addition, during what is known as "Crypto Week," the U.S. House of Representatives will consider three bills aimed at comprehensively reforming U.S. cryptocurrency policies. Josh, an analyst at TPICAP's digital assets division, stated in a report that this could pave the way for greater institutional adoption of cryptocurrencies.  

- Binance Wallet Launches BAS (BAS) Presale and Booster Activities  

According to an official announcement, Binance announced the launch of two exclusive activities for BAS in Binance Wallet: 1. Pre-TGE Presale: Eligible users can subscribe to BAS tokens in advance before they go on trading. 2. Booster Activity: Complete weekly tasks and support the project's early development to share an additional 600 million BAS airdrop rewards. It is reported that BAS is a native verification and reputation layer built on the BNB Chain, supporting on-chain KYC, identity authentication, and asset certification, applicable to scenarios such as RWA, DeFi, and token issuance, aiming to serve the scalability and compliance of the Binance ecosystem.  

- Tether Treasury Minted an Additional 2 Billion USDT on the Ethereum Chain  

According to Whale Alert monitoring, Tether Treasury has just minted an additional 2 billion USDT in two tranches on the Ethereum chain.  

- Binance Alpha Has Launched Hyperion (RION)  

According to the official page, Binance Alpha has launched Hyperion (RION).  

- U.S. Listed Company SRM Entertainment Officially Renamed Tron Inc, Stock Symbol Changed to TRON  

According to Globenewswire, U.S. listed company SRM Entertainment has officially changed its name to Tron Inc and will change its stock symbol on Nasdaq from "SRM" to "TRON" starting from July 17, 2025. Earlier news stated that Tron planned to go public through a reverse merger with SRM Entertainment.  

- Binance Alpha to Delist LLM, GNON, NEUR, TRISIG  

According to an official announcement, after a comprehensive review, Binance Alpha will delist the following tokens at 13:00 UTC on July 16, 2025: LLM, GNON, NEUR, TRISIG. After delisting, selling these tokens on Binance Alpha will still be allowed.  

- Bank of America CEO: May Collaborate with Other Partners on Stablecoins  

According to Jinshi, Bank of America CEO Moynihan stated that we may collaborate with other partners on stablecoins.  

- Bulgaria's 2018 Bitcoin Sale Caused It to Miss $25 Billion Debt Repayment Opportunity  

According to Cointelegraph, a batch of seized bitcoins disposed of by the Bulgarian government in 2018 is now worth more than the country's total public debt at current market prices. The 213,500 bitcoins were seized during a crackdown on organized crime in 2017 and sold for approximately $3.5 billion at the time. If held until now, they would be worth $25.2 billion—5% higher than the country's latest national debt of $24 billion—causing Bulgaria to miss an excellent debt repayment opportunity.  

- Whale AguilaTrades⁩ Increased BTC 20x Long Position to $476 Million Again This Evening  

PANews reported on July 16 that according to on-chain analyst @ai_9684xtpa monitoring, whale AguilaTrades⁩ increased its BTC 20x long position back to $476 million this evening. The current opening price is $118,130, the liquidation price is $115,700, and the unrealized profit is $3.94 million.  

- GMX: All GLP Funds on Arbitrum Have Been Recovered  

GMX officially announced the follow-up progress of the approximately $42 million vulnerability attack on GMX V1 on Arbitrum. After successful negotiations, all GLP funds on Arbitrum have been recovered. The funds have been returned and are currently held by the DAO, pending distribution to liquidity providers in the Arbitrum GLP treasury.  

- U.S. June PPI Annual Rate 2.3%, June PPI Monthly Rate 0%  

According to Jinshi, the U.S. June PPI annual rate was 2.3%, expected 2.5%, with the previous value revised from 2.60% to 2.7%. The U.S. June PPI monthly rate was 0%, expected 0.20%, with the previous value revised from 0.10% to 0.3%.  

- GameStop Considers Supporting Cryptocurrency Payments in Trading Card and Collectibles Business  

According to Cointelegraph, on Tuesday, GameStop CEO Ryan Cohen stated in an interview with CNBC's "Squawk Box" that due to rising costs, the company is adjusting its strategy to reduce reliance on hardware and focus on the trading card and collectibles business, and these products may be purchasable with cryptocurrencies in the future. He said that there is an opportunity to buy trading cards with cryptocurrencies and that the company will pay attention to actual demand. He believes: "In addition to investment, cryptocurrency is also a hedge against inflation, which is its current greatest demand. The actual use of cryptocurrency in transactions is an opportunity and a focus of the company." Cohen also said that although there are opportunities to use cryptocurrencies in this field, GameStop has not yet selected specific tokens and will examine all cryptocurrencies.  

- Chairman of the U.S. House Financial Services Committee: The House Has the Votes to Advance Three Cryptocurrency Measures  

According to Jinshi, Chairman of the U.S. House Financial Services Committee Hill stated that we have enough votes to advance the stablecoin bill, and the House has the votes to advance three cryptocurrency measures.  

- Crypto Research Firm Delphi Digital Launches Free AI Research Platform Delphi Intelligence  

According to Forbes, crypto research firm Delphi Digital launched its first free AI research platform, Delphi Intelligence. The platform integrates its two-year AI accelerator achievements and $25 million early investment experience, providing de-academicized cutting-edge technology analysis for enterprise decision-makers, covering generative video models, reinforcement learning, and other directions. Delphi is famous for its 2018 crypto ecosystem research report, and this transformation reflects its strategic judgment that "crypto and AI will inevitably integrate." The platform adopts an open-source model, and users can obtain the latest trend reports in the cross-field of Web3 and AI through email subscription. The platform has launched special reports on AI browsers and video generation models.  

- Crypto Infrastructure Giant Talos Acquires Coin Metrics for Over $100 Million  

According to Fortune magazine, crypto infrastructure giant Talos announced the acquisition of blockchain data provider Coin Metrics. Insiders revealed that the transaction amount exceeds $100 million. The acquisition aims to integrate on-chain data services to provide institutional clients with one-stop solutions for digital asset trading and portfolio management. Founded in 2018 by Wall Street veterans Anton Katz and Ethan Feldman, Talos' platform provides crypto asset trading technical support for hedge funds and other institutions, with a previous valuation of $1.25 billion. Coin Metrics, known for its on-chain data analysis, will complement Talos' historical data and customer service capabilities. Talos CEO stated that with the Trump administration promoting regulatory relaxation, the participation of traditional financial institutions in crypto assets is certain, and the future focus will be on tokenization applications of traditional assets such as stocks.  

- Listed Company Matador Technologies Plans to Accumulate 6,000 Bitcoins by 2027 or Earlier  

According to Globenewswire, the board of directors of Canadian listed company Matador Technologies Inc approved a long-term Bitcoin acquisition strategy to expand Matador's Bitcoin reserves and make the company an important corporate BTC holder. Matador has submitted a preliminary short-form base prospectus to provide financing flexibility over the next 25 months to accumulate up to 6,000 bitcoins by 2027 or earlier.  

- The Ethereum Foundation's development team has once again transferred 1,000 ETH internally  

According to PeckShield monitoring, the development team of the Ethereum Foundation has internally transferred 1,000 ETH (valued at approximately $3.15 million) to the address EF2 (0xc061...0B6d). Currently, this address holds 7,000 ETH (valued at approximately $22 million).  

- Eclipse Foundation to airdrop 100 million ES tokens to early users  

According to a report by The Block, a spokesperson for the Eclipse Foundation stated that it has launched its native ES token and will airdrop it to early users. A total of 1 billion ES tokens have been issued. Among them, 10% (i.e., 100 million tokens) will be distributed through airdrops, and another 5% will be allocated as "liquidity" funds to support exchange trading. The remaining tokens are allocated to ecosystem and development (35%), contributors (including current and future team members, 19%), and early supporters and investors (31%). Airdrop eligibility is mainly based on three factors: on-chain activities in the Turbo Tap game, X social media performance measured by Kaito analysis, and Discord community participation. The Turbo Tap game conducts stress tests on the network by rewarding users with "grass" points, but the spokesperson said that the points are not exchanged for tokens on a 1:1 basis. The airdrop will start on Wednesday and be distributed within the next 30 days. The snapshot and allocation basis will be announced later to prevent users from manipulating the system. ES tokens have been deployed on the mainnets of Eclipse, Ethereum, and Solana.  

- Binance Alpha to list Taker Protocol (TAKER)  

According to an official announcement, Binance Alpha will be the first platform to list Taker Protocol (TAKER) on July 18. Eligible users can go to the Alpha event page to claim airdrops using Binance Alpha points after Alpha trading opens. Specific details will be announced separately.  

- Listed company The Smarter Web Company increases holdings by 325 Bitcoins, with total holdings reaching 1,600 coins  

According to an official announcement, UK-listed company The Smarter Web Company disclosed that it has increased its holdings by 325 Bitcoins and currently holds a total of 1,600 Bitcoins.  

- Hong Kong Securities and Futures Commission extends the period for visiting professionals to provide virtual asset services to 45 days  

According to Zhitong Finance, on July 15, the Hong Kong Securities and Futures Commission issued a circular on optimized measures to facilitate visiting professionals to conduct regulated activities or provide virtual asset services in Hong Kong. According to the circular, currently, mobile professionals are allowed to conduct regulated activities or provide virtual asset services in Hong Kong for no more than 30 days in each calendar year, and their licenses will be subject to a condition in this regard (the existing mobile professional condition). To facilitate visiting professionals and enable them to conduct the above activities in Hong Kong more flexibly, the Hong Kong Securities and Futures Commission has extended the relevant period to 45 days per calendar year.  

- The total supply of ERA tokens is 1 billion, of which Binance HODLer airdrop tokens account for 2%  

Binance announced details of the Caldera (ERA) HODLer airdrop. The total supply and maximum supply of ERA genesis tokens are both 1 billion. The total amount of HODLer airdrop tokens: 20 million ERA (accounting for 2.00% of the maximum total supply of tokens). An additional 20 million ERA will be used for marketing activities 6 months after listing; detailed rules will be announced separately. The circulating supply at the time of listing on Binance is 148.5 million ERA (accounting for 14.85% of the maximum token supply).  

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