Important information last night this morning (July 14-July 15)

Xinhua News Agency: China's economy grew by 5.3% year-on-year in the first half of the year

According to Xinhua News Agency, China's economy grew by 5.3% year-on-year in the first half of the year. Preliminary calculations show that the gross domestic product (GDP) in the first half of the year was 66,053.6 billion yuan, a year-on-year increase of 5.3% at constant prices. By industry, the added value of the primary industry was 3,117.2 billion yuan, a year-on-year increase of 3.7%; the added value of the secondary industry was 23,905 billion yuan, an increase of 5.3%; the added value of the tertiary industry was 39,031.4 billion yuan, an increase of 5.5%. By quarter, the GDP in the first quarter increased by 5.4% year-on-year, and that in the second quarter increased by 5.2%. From a quarter-on-quarter perspective, the GDP in the second quarter grew by 1.1%.

U.S. House to hold key votes on crypto market structure and stablecoin bills this week

According to CoinDesk, the U.S. House of Representatives will usher in "Crypto Week" this week. It is expected to vote on the "Digital Asset Market Clarity Act" on Wednesday and on the "U.S. Stablecoin Innovation and Guidance Act (GENIUS Act)" on Thursday morning. If the GENIUS Act is passed, it will become the first major cryptocurrency-related law in the United States. In addition, the House of Representatives also plans to consider a bill to ban the issuance of central bank digital currencies (CBDCs) by the U.S. central bank.

Data: 4,500 Bitcoins transferred from unknown wallet to Galaxy Digital, worth about $537 million

According to Whale Alert, at 9:42 Beijing time, 4,500 Bitcoins (approximately $537 million) were transferred from an unknown wallet to Galaxy Digital.

Two multi-signature wallets, possibly belonging to the same entity, spent over $100 million to purchase 33,366 ETH

According to Onchain Lens, two multi-signature wallets (which may belong to the same entity) spent a total of $100.54 million to purchase 33,366 ETH at an average price of $3,013. Among them, the "0x08d" address spent $57.5 million to buy 19,088.6 ETH, and the "0x5f3" address spent $43.05 million to buy 14,277.6 ETH.

Coinbase will also add support for Pump.fun (PUMP) on the Solana network

According to Coinbase Assets, Coinbase is about to support the Pump.fun (PUMP) asset on the Solana network (SPL token). Earlier today, Coinbase announced that it will list the Pump.fun (PUMP) token on the Base network.

Coinbase to list Pump.fun (PUMP) token on Base network with experimental label

Coinbase announced that it will list the Pump.fun (PUMP) token on the Base network and label it as Experimental. The official reminds users to only transfer funds through the Base network to avoid asset loss. If liquidity conditions are met, trading of the PUMP-USD pair is expected to open in phases after 9:00 a.m. ET on July 15, 2025. Support for this asset may be restricted in some regions.

Gemini adds tokenized stocks of well-known companies like Nike, McDonald's, and Starbucks for EU investors

According to Crowdfund Insider, digital asset platform Gemini announced that it has added a number of tokenized stocks of well-known U.S. companies for EU investors, including Nike, McDonald's, Starbucks, Coca-Cola, and Yum! Brands. These tokenized stocks are issued on the Arbitrum blockchain and are 1:1 anchored to real stocks. Investors can conduct fragmented transactions and realize round-the-clock trading without a U.S. brokerage account.

CICC: Internet companies have advantages in deploying stablecoins

CICC's research report states that it is judged that the popularization of stablecoins will have a limited impact on existing businesses such as WeChat Pay. Domestic third-party payments in China are essentially a "stablecoin-like" mechanism anchored to the RMB, relying on legal reserves to ensure the stability of the currency value, and the domestic fee rate is as low as a few thousandths, which is much better than overseas platforms' several percent. Therefore, it is believed that under the current efficient and low-cost mature third-party payment system, the necessity of popularizing independent blockchain stablecoins in China is not high, so the impact on existing businesses is limited. On the other hand, Internet companies related to cross-border payments are more actively deploying in the field of stablecoins. It is believed that Internet companies have advantages in deploying stablecoins: 1) User scenarios: Companies like Amazon have hundreds of millions of users and mature payment scenarios (such as cross-border e-commerce), which can quickly promote the application of stablecoins; 2) Technical capabilities: Internet companies have technical research and development capabilities; 3) Ecological collaboration: The closed loop of B-end (supply chain) + C-end (retail payment) can strengthen the network effect of stablecoins.

Movement: $MOVE repurchase completed, foundation repurchased approximately 180 million $MOVE tokens

According to the announcement of the Movement Network Foundation, the $MOVE repurchase has been completed. The foundation repurchased a total of approximately 180 million $MOVE tokens at an average price of about $0.21.

Fed, FDIC, and OCC joint statement clarifies rules for banks holding customers' crypto assets

The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (Fed), and the Federal Deposit Insurance Corporation (FDIC) jointly issued a statement requiring banks to strictly abide by existing laws and regulations and strengthen risk management when providing crypto asset custody services. The statement emphasizes that banks need to conduct comprehensive risk assessments and controls on crypto asset key management, third-party custody, cybersecurity, compliance, and anti-money laundering. At the same time, banks should ensure that relevant personnel have the necessary technical capabilities, improve customer agreements, and conduct regular internal and external audits to ensure the safety of customers' assets. The statement also added that this release does not set new regulatory requirements.

Bitcoin skeptic Vanguard becomes a major shareholder of Strategy, holding over 20 million shares

According to The Block, although Vanguard Group has publicly criticized Bitcoin as an "immature asset" unsuitable for long-term investors, the giant managing $10 trillion in assets has become a major shareholder of Strategy (formerly MicroStrategy) through its funds, holding 20 million shares, accounting for 8% of the outstanding shares. Vanguard Group is likely to surpass Capital Group in the fourth quarter to become the largest shareholder of Strategy. Strategy, co-founded by Michael Saylor, is a major holder of Bitcoin. The company recently purchased 4,225 Bitcoins, bringing its total holdings to 601,550.

SharpLink Gaming buys another 24,000 ETH, total holdings approaching 300,000

According to Yu Jin, SharpLink Gaming continued to purchase 24,371 ETH through Coinbase Prime 5 hours ago, worth approximately $73.21 million. Since the company started reserving ETH in the MicroStrategy model in early June, it has purchased a total of about 294,000 ETH at an average price of about $2,695, with a current floating profit of $91.83 million.

JPMorgan CEO may "fully commit to cryptocurrencies"

According to Watcher.Guru, JPMorgan CEO Jamie Dimon once called cryptocurrencies a scam and Ponzi scheme last year, but according to Jim Cramer's latest statement, Dimon may now "fully commit to cryptocurrencies".

Trump: Fed should cut interest rates below 1%

U.S. President Trump: The Federal Reserve should cut interest rates below 1%. In addition, Trump will announce a $70 billion investment plan in artificial intelligence and energy in Pennsylvania on Tuesday, which is the latest move by the White House to accelerate the development of emerging technologies. According to a government official, Trump will announce details of these new plans at an event outside Pittsburgh. Investments from multiple companies will include the construction of new data centers, expansion of power generation capacity, upgrading of power grid infrastructure, and the launch of artificial intelligence training programs and apprenticeship programs. The event will be hosted by Republican Senator McCormick. It is expected that leaders in the artificial intelligence and energy industries, including up to 60 corporate executives, will attend the event. A spokesman for McCormick said that Blackstone President Gray will announce a $25 billion data center and energy infrastructure construction plan at the meeting, which is expected to create about 6,000 construction jobs and 3,000 long-term jobs annually. Blackstone has not commented on the matter.

Coinbase's market value exceeds $100 billion for the first time

According to The Block, driven by Bitcoin hitting a new all-time high, Coinbase, the largest U.S. cryptocurrency exchange, reached two major milestones in trading on Monday. Coinbase's stock closed at $394.01, with a market value exceeding $100 billion for the first time, reaching approximately $100.36 billion. It is reported that Coinbase's stock price has risen by 50% in the past month, due to factors including the successful listing of Circle Internet Group and positive changes in the U.S. regulatory environment.

pump.fun: PUMP token to go online in 1 hour, with trading and transfer functions开启

pump.fun stated on the X platform that the PUMP token will be officially launched in 1 hour (01:00 Beijing time). All participants in the PUMP public sale have received the tokens, and the trading and transfer functions of these tokens will be开启 in about 1 hour.

EU prepares to impose retaliatory tariffs on $72 billion of U.S. goods

According to Jinshi, EU Commissioner for Trade and Economic Security Šefčovič said on the 14th that if the U.S.-EU trade negotiations fail, the EU is prepared to impose additional retaliatory tariffs on $72 billion of U.S. imported goods. Just as the EU and the U.S. are trying to reach a trade agreement, U.S. President Trump announced on the 12th that he will impose a 30% tariff on EU imports starting from August 1. EU member state ministers held a meeting in Brussels on the 14th to discuss how to respond to Trump's latest statement and prepare countermeasures.

Kazakhstan plans to invest gold and foreign exchange reserves and national fund assets in crypto assets

According to local media Kursiv, Kazakh central bank governor Timur Suleimenov said that the country plans to invest its gold and foreign exchange reserves and national fund assets in crypto assets. He said that Kazakhstan has alternative investment portfolios for gold and foreign exchange reserves and national funds, adopting aggressive strategies to obtain higher returns. It has also studied the experience of funds from Norway, the United States, and the Middle East, some of which directly invest in crypto assets, and some invest in related ETFs and stocks, but the scale is small. The central bank "does not rule out" investing part of the funds from the alternative investment portfolio of gold and foreign exchange reserves in funds related to the crypto industry. He reminded that such assets have high returns but also high volatility, so we should not act too hastily. In addition, Kazakhstan hopes to establish a national crypto asset reserve to store seized digital assets. If enterprises mine on behalf of the country, some assets can be included in the reserve through taxes and other forms, and similar practices already exist in the world. Earlier, on June 30, Suleimenov said that Kazakhstan plans to establish a national cryptocurrency reserve, with funds coming from digital assets seized in cases and tokens mined by state-owned mines.

Meme coin TRUMP brings 172 million USD in transaction fees to 10 crypto exchanges

According to Cointelegraph citing Reuters, the Trump-themed Meme coin TRUMP has generated $172 million in transaction fees for 10 exchanges. The token was listed on exchanges an average of only 4 days after its launch, far lower than the average review period of 129 days for similar tokens. Coinbase decided to list it in just 1 day but prohibited residents of New York State from trading to avoid local regulatory risks. Data shows that 80% of the TRUMP token supply is held by the Trump family and their partners. 45 wallets have made $1.2 billion in profits through trading, while 712,000 wallets have collectively lost more than $4.3 billion. The token has fallen 78% since hitting an all-time high in January. Previously, the Financial Times estimated that the project party made $314 million through token sales, and Solana chain transaction fees generated $36 million.

Linea project leader: Token economics to be announced at the end of July, TGE time not yet determined

Linea project leader Declan Fox posted on the X platform that Linea's token economics and governance rules will be announced at the end of July (not the Token Generation Event TGE). The airdrop query tool and eligibility criteria will be announced a few days before TGE. The specific time of TGE depends on external factors such as CEX, but it will not be delayed for too long.

An ancient whale transferred 10,009 BTC from one of its wallets in half an hour

According to on-chain analyst Yu Jin's monitoring, an ancient whale that has held 80,000 BTC for 14 years performed an operation half an hour ago: transferring 10,009 BTC (worth $1.22 billion) from one of its wallets. Currently, these 10,009 BTC (worth $1.22 billion) have been transferred to the address starting with bc1qmu.

China Merchants Bank International获批虚拟资产牌照 in Hong Kong

According to Securities Times, the reporter learned from China Merchants Bank International Securities Co., Ltd. (referred to as "China Merchants Bank International") that China Merchants Bank International was officially approved by the Hong Kong Securities and Futures Commission on July 14, becoming the first Chinese-funded bank-owned securities firm in Hong Kong to obtain licenses related to virtual asset trading services.

Ondo Finance announces acquisition of Strangelove to accelerate full-stack RWA platform development

According to an official announcement, tokenization platform Ondo Finance announced today the acquisition of blockchain development company Strangelove, whose experienced team has unique expertise in building secure and modular blockchain infrastructure. This acquisition expands Ondo's engineering and product capabilities, enabling it to develop infrastructure for on-chain RWA.

Market news: Grayscale has secretly submitted an IPO registration draft to the SEC

According to market news, Grayscale Investments has secretly submitted an initial public offering registration draft to the SEC.

Listed company BitMine discloses its ETH holdings of approximately 163,100, worth over $500 million

According to PR Newswire, New York Stock Exchange-listed company BitMine Immersion announced that as of 14 July, Eastern Time, the company's ETH holdings reached 163,142, worth more than $500 million at a price of $3,072.67.

Strategy spent approximately $472.5 million to increase its holdings by 4,225 Bitcoins last week

According to official news, Strategy (formerly MicroStrategy) purchased 4,225 Bitcoins at a price of $111,827 per coin from July 7 to July 13, spending approximately $472.5 million. As of the beginning of 2025, its Bitcoin investment yield has reached 20.2%. As of July 13, 2025, the company holds 601,550 Bitcoins, which were purchased at an average price of approximately $71,268 per coin, with a total cost of approximately $42.87 billion.

Listed company Matador Technologies applies to raise 900 million Canadian dollars within 25 months, including accumulating Bitcoin reserves

According to an official announcement, Canadian listed company Matador Technologies Inc. has submitted a preliminary simplified prospectus to the securities regulatory commissions of all Canadian provinces except Quebec. If approved, the final simplified prospectus will allow Matador to issue common shares, debt securities, warrants, subscription warrants, securities, or any combination of the above securities from time to time within 25 months, with a total amount of up to 900 million Canadian dollars. The company's management believes that the simplified prospectus will enable the company to efficiently obtain funds to pursue future growth opportunities, conduct strategic acquisitions, and accumulate Bitcoin asset reserves.

Listed company Sonnet plans to rename to Hyperliquid Strategies through a merger transaction, expected to hold 12.6 million HYPE and $300 million in cash

According to The Block, on July 15, Nasdaq-listed biotech company Sonnet BioTherapeutics has agreed to merge with Rorschach I LLC and will be renamed Hyperliquid Strategies, Inc., and launch the HYPE vault strategy. Rorschach I LLC is newly established by entities related to Atlas Merchant Capital LLC (an affiliate of Paradigm). Upon completion of the transaction, the new entity is expected to hold 12.6 million HYPE tokens and $305 million in cash, with a total valuation of $888 million. The transaction is participated in by strategic investors such as Paradigm. After completion, Hyperliquid Strategies will be listed on Nasdaq under a new code, becoming a publicly traded cryptocurrency vault company. Both parties stated that the cash proceeds will enable Hyperliquid Strategies to purchase more HYPE and build one of the strategic reserves of HYPE.

Binance Alpha and Binance Futures will list TAC (TAC)

According to an official announcement, Binance Alpha will become the first platform to list TAC (TAC) on July 15. Alpha trading will open at 18:00 (UTC+8) on July 15, 2025. Futures trading will open at 18:30 (UTC+8) on July 15, 2025. 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. Please note that currently, the trading volume of BR tokens and KOGE tokens in the Alpha trading market is excessively large, and there are issues such as overly high TVL in the DEX Liquidity Pool. Please be cautious of price fluctuation risks.

Decentralized lending protocol Aave's net deposits exceed $50 billion

According to a report by The Block, the decentralized lending protocol Aave's net deposits have exceeded $50 billion, making it the first DeFi project to reach this milestone. The data is calculated as the total collateral assets minus outstanding loans across 34 on-chain markets. Its founder stated that traditional financial institutions are increasingly adopting the protocol as a lending infrastructure. This breakthrough is in line with the overall recovery trend of DeFi. Data shows that the total locked value (TVL) of the DeFi industry has approached $120 billion for the first time since December 2024, with Ethereum-based lending business dominating, accounting for over $63 billion in locked value. Data from DefiLlama shows that Aave's locked value has reached $29 billion, accounting for almost half of this amount. It is reported that Aave's governance community is supporting several upgrade plans, including "Aave V4" which aims to introduce account abstraction and native real-world asset vaults. Related proposals also include supporting Bitcoin Layer 2 network assets and expanding Aave's stablecoin GHO to more blocks.

Binance Alpha will list Chainbase (C)

According to an official announcement, Binance Alpha will list Chainbase (C), with trading starting at 20:00 (UTC+8) on July 14, 2025. After trading begins, users holding at least 160 Binance Alpha points can claim an airdrop of 750 C tokens. It is on a first-come, first-served basis until the airdrop pool is exhausted or the event ends. Please note that claiming the airdrop will consume 15 Binance Alpha points. Users need to confirm the claim within 24 hours on the Alpha event page; otherwise, it will be deemed as giving up the airdrop.

Listed company Click Holdings plans to build a Bitcoin and Solana asset reserve with a maximum scale of $100 million

According to official news, Click Holdings (NASDAQ: CLIK), a provider of human resources and elderly care solutions, plans to build a Bitcoin and Solana asset reserve with a maximum scale of $100 million, and integrate cryptocurrency payment methods into employee salary payments and customer transactions to promote the modern transformation of its elderly care business. It is currently unclear how the company will raise $100 million. As of December 31, 2024, its current market value is $13 million, and its cash reserves are $544,000.

Hungary's legislation that took effect this month criminalizes cryptocurrency transactions

According to Forbes, Hungary has enacted one of the world's strictest cryptocurrency legislations, which came into effect on July 1 and has caused widespread confusion and concern in the fintech sector. The new regulations have forced major fintech companies to suspend services. For example, digital bank Revolut announced that it will "immediately suspend cryptocurrency services in Hungary". The new legislation introduces two criminal offenses: 1. Severe penalties for using unauthorized services and operators (for basic transactions, the maximum penalty is two years in prison; for "particularly high-value" transactions exceeding 50 million Hungarian forints, the maximum penalty is three years in prison; for transactions exceeding 500 million forints, the maximum penalty is five years in prison); 2. Service providers operating without proper authorization will face more severe penalties, and large-scale operations may be sentenced to eight years in prison. The wording of the bill is broad and lacks implementation guidelines, which may affect about 500,000 citizens who have purchased coins, and originally legal activities may face criminal prosecution. The regulatory authority has 60 days to formulate a compliance framework but has not issued guidance. Regulatory uncertainty may lead to enterprises' withdrawal, and some companies are already considering relocating. Although it is unlikely to enforce laws on global platforms, Hungarian registered companies and individual investors face huge legal uncertainty. The cryptocurrency community is waiting for clarification from regulatory authorities, and industry groups have not received official responses. The industry is facing difficult choices, and Hungary's move may isolate it in EU digital asset regulation.

Listed company Sequans spends $79 million to increase holdings by 683 Bitcoins, with total holdings rising to 1,053

According to an official announcement, French IoT semiconductor company Sequans Communications (NYSE: SONS) announced that it has additionally purchased 683 Bitcoins at a price of approximately $79 million, with an average purchase price of about $116,213 per coin including various fees. As of July 14, 2025, the company holds 1,053 Bitcoins, with a total purchase price of approximately $120 million.

Binance Wallet, in conjunction with Four.Meme, launches an exclusive TGE model based on the Bonding Curve mechanism

According to an official announcement, Binance announced the launch of a new Token Generation Event (TGE) model that adopts the bonding curve mechanism in Binance Wallet. This event is launched in cooperation with Four.Meme and is the first TGE event on the Binance platform using this mechanism. Bonding Curve is a dynamic pricing model. During the TGE period, the number of tokens purchased directly from the bonding curve contract will trigger an automatic adjustment of the token price. As the number of tokens purchased increases, the price will gradually rise along a preset curve. This means that during the entire event, the token price is not fixed but fluctuates according to demand. In the Bonding Curve-based TGE event, users can use BNB to purchase tokens in Binance Wallet. During the subscription period, these tokens can only be traded within the Bonding Curve ecosystem. During the event, users have two choices: 1. During the subscription period, sell the purchased tokens back to other participants in the bonding curve ecosystem; 2. Wait until the event ends, and the tokens can be freely transferred and traded on Binance Alpha. The first project to adopt this Bonding Curve TGE model will be announced on Binance Wallet's official X account on July 15, 2025.

Central Committee of the Communist Party of China: Improve the rules for hearing financial disputes in emerging fields such as digital currency and mobile payment

According to Jinshi citing Xinhua News Agency, the Central Committee of the Communist Party of China issued opinions on strengthening trial work in the new era. The opinions mentioned that financial trial work should be strengthened. Severely punish illegal and criminal activities in the financial field such as market manipulation, insider trading, illegal fund-raising, loan fraud, and money laundering in accordance with the law, strengthen the coordinated governance of illegal intermediary chaos in the financial field, and promote the healthy development of the financial market. Improve the rules for hearing financial disputes in emerging fields such as digital currency, mobile payment, Internet finance, and cross-border financial asset transactions. Improve the connection mechanism between administrative law enforcement and judicial trials in the financial field.

The controversial Bitcoin upgrade proposal BIP-119 is expected to reach a consensus by the end of the year

According to Cointelegraph, the controversial Bitcoin upgrade proposal BIP-119 (OP_CHECKTEMPLATEVERIFY) is expected to reach a consensus by the end of the year. The proposal, put forward by Jeremy Rubin in 2019, aims to enhance Bitcoin's security and scalability through "covenants" technology, which is particularly beneficial to Layer 2 solutions such as the Lightning Network. On June 9, 66 Bitcoin core developers co-signed an open letter calling for the advancement of BIP-119 and BIP-348. Signatories include well-known developers such as Jameson Lopp and representatives of institutions such as Anchorage. If activated, the upgrade will support smart vault functions, allowing users to preset fund transfer rules (such as a maximum of 0.1 BTC transferred to hot wallets per week), and optimize Layer 2 private transactions. Although Bitcoin's decentralized governance mechanism has led to a slow upgrade process (the last major upgrade, Taproot, took three years), Second CEO Steven Roose predicts that technical consensus may be formed by the end of the year. However, actual deployment will still take 1-2 years, and it is necessary to resolve the differences in the activation mechanism between miners and full nodes.

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