Xinhua News Agency: China's economy grew 5.3% year-on-year in the first half of the year
According to Xinhua News Agency, China's economy grew by 5.3% in the first half of the year. According to preliminary calculations, the GDP in the first half of the year was 66,053.6 billion yuan, an increase of 5.3% year-on-year 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 grew by 5.4% year-on-year, and in the second quarter it grew by 5.2%. From a month-on-month perspective, the GDP in the second quarter grew by 1.1%.
According to CoinDesk, the U.S. House of Representatives will usher in "Crypto Week" this week. It is expected to vote on the Clarity Act on Wednesday and the 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 prohibiting the U.S. central bank from issuing digital currencies (CBDCs).
Data: 4,500 Bitcoins were transferred from an unknown wallet to Galaxy Digital, about $537 million
According to Whale Alert, at 9:42 Beijing time, 4,500 bitcoins (about US$537 million) were transferred from an unknown wallet to Galaxy Digital.
According to Onchain Lens, two multi-signature wallets (likely belonging 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 purchase 19,088.6 ETH, and the "0x5f3" address spent $43.05 million to purchase 14,277.6 ETH.
Coinbase will also add support for Pump.fun (PUMP) on the Solana network
According to Coinbase Assets, Coinbase will soon support Pump.fun (PUMP) assets on the Solana network (SPL tokens). Earlier today, Coinbase announced that it will launch Pump.fun (PUMP) tokens on the Base network.
Coinbase to launch Pump.fun (PUMP) token on Base network and add experimental label
Coinbase announced that it will launch the Pump.fun (PUMP) token on the Base network and add the Experimental tag to it. Officials remind users to transfer only through the Base network to avoid asset loss. If liquidity conditions are met, the PUMP-USD trading pair is expected to be opened in stages after 9:00 EST on July 15, 2025. Support for this asset may be limited in some regions.
According to Crowdfund Insider, digital asset platform Gemini announced that it has added a number of tokenized stocks of well-known US companies for EU investors, including Nike, McDonald's, Starbucks, Coca-Cola and Yum! Brands. These tokenized stocks are issued through the Arbitrum blockchain and are 1:1 anchored to real stocks. Investors can conduct fragmented transactions and realize round-the-clock buying and selling without the need for a US brokerage account.
CICC: There are advantages in deploying stablecoins on the Internet
According to a CICC research report, we believe that the popularization of stablecoins will have limited impact on existing businesses such as WeChat Pay. The essence of domestic third-party payment is a "quasi-stablecoin" mechanism anchored to the RMB, relying on legal reserves to ensure currency stability, and the domestic fee rate is as low as a few thousandths, which is far better than a few percent of overseas platforms. Therefore, we believe that under the current efficient and low-cost mature third-party payment system, the necessity of independent blockchain stablecoins to be popularized 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 the field of stablecoins. We believe that Internet companies have advantages in the layout of stablecoins: 1) User scenarios: Amazon and other companies 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 synergy: The closed loop of B-end (supply chain) + C-end (retail payment) can strengthen the network effect of stablecoins.
According to the announcement of the Movement Network Foundation, the $MOVE repurchase has been completed. The Foundation has repurchased approximately 180 million $MOVE tokens at an average price of approximately US$0.21.
The U.S. 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 emphasized that banks need to conduct comprehensive risk assessment and control in crypto asset key management, third-party custody, network security, 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 customer assets. The statement also added that this release did not establish new regulatory requirements.
According to The Block, although Vanguard Group has publicly criticized Bitcoin as an "immature asset" and unsuitable for long-term investors, the giant, which manages $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 and become the largest shareholder of Strategy. Strategy, co-founded by Michael Saylor, is a major holder of Bitcoin. The company has recently purchased 4,225 Bitcoins, and its total holdings have reached 601,550.
SharpLink Gaming purchased another 24,000 ETH, bringing its total holdings close to 300,000
According to Ember, SharpLink Gaming continued to purchase 24,371 ETH through Coinbase Prime 5 hours ago, worth about $73.21 million. Since reserving ETH in micro-strategy mode in early June, the company has purchased a total of about 294,000 ETH, with an average purchase price of about $2,695, and currently has a floating profit of $91.83 million.
JPMorgan Chase CEO may be “all in on cryptocurrencies”
According to Watcher.Guru, JPMorgan Chase CEO Jamie Dimon called cryptocurrencies a scam and a Ponzi scheme last year, but according to Jim Cramer's latest statement, Dimon may now be "all in on cryptocurrencies."
Trump: Fed should lower interest rates below 1%
US President Trump: The Federal Reserve should lower interest rates to below 1%. In addition, Trump will announce a $70 billion investment plan in artificial intelligence and energy in Pennsylvania on Tuesday, the latest move by the White House to accelerate the development of emerging technologies. According to a government official, Trump will announce the details of these new plans at an event outside Pittsburgh. Investments from a number of companies will cover 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. Leaders in the artificial intelligence and energy industries, including up to 60 corporate executives, are expected to attend the event. A McCormick spokesman said that Gray, president of Blackstone Group, will announce a $25 billion data center and energy infrastructure construction plan at the meeting, which is expected to create approximately 6,000 construction jobs and 3,000 long-term jobs each year. Blackstone Group has not yet commented on the matter.
Coinbase's market value exceeds $100 billion for the first time
According to The Block, affected by Bitcoin's record high, Coinbase, the largest cryptocurrency exchange in the United States, reached two major milestones in trading on Monday. Coinbase's stock price closed at $394.01, and its market value exceeded the $100 billion mark for the first time, reaching about $100.36 billion. It is reported that Coinbase's stock price has risen by 50% in the past month, and the reasons behind this include the successful listing of Circle Internet Group and positive changes in the US regulatory environment.
pump.fun said on the X platform that the PUMP token will be officially launched in 1 hour (01:00 am Beijing time). All participants in the PUMP public sale have now received the tokens, and these tokens will be available for trading and transfer in about 1 hour.
EU prepares to impose retaliatory tariffs on 72 billion euros of U.S. goods
According to Jinshi, Šefčović, the European Commission's commissioner for trade and economic security, said on the 14th that if the US-EU trade negotiations fail, the EU is ready to impose additional counter-tariffs on US imports worth 72 billion euros (about 84 billion US dollars). As the EU and the US are working hard to reach a trade agreement, US President Trump announced on the 12th that a 30% tariff will be imposed on EU imports from August 1st. Ministers from EU member states 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, foreign exchange reserves and national fund assets in crypto assets
According to local media Kursiv, Timur Suleimenov, governor of the Central Bank of Kazakhstan, said that the country plans to invest its gold and foreign exchange reserves and state fund assets in crypto assets. He said that Kazakhstan has gold and foreign exchange reserves and state funds to replace investment portfolios, adopting aggressive strategies to obtain higher returns, and has also studied the experience of funds in Norway, the United States and the Middle East. Some of these funds directly invest in crypto assets, and some invest in related ETFs and stocks, but on a smaller scale. The central bank "does not rule out" replacing part of the gold and foreign exchange reserves with portfolio funds and investing in crypto industry-related funds. He reminded that such assets have high returns but high volatility, and should not be rushed. In addition, Kazakhstan hopes to establish a national crypto asset reserve to store confiscated digital assets. If companies mine on behalf of the country, some assets can be included in the reserve through taxation and other forms. Similar practices have already been adopted in the world. Earlier on June 30, Suleimenov said that Kazakhstan plans to establish a national cryptocurrency reserve, and the funds will come from digital assets seized in cases and tokens mined by state-owned mines.
Meme coin TRUMP has brought a total of $172 million in transaction fees to 10 crypto exchage
According to Cointelegraph, citing Reuters, Trump-themed meme coin TRUMP generated $172 million in transaction fees for 10 exchanges. The token was listed on the exchange in an average of only 4 days after it went online, which is much lower than the average review period of 129 days for similar tokens. Coinbase decided to go online in just 1 day, but banned New York State residents from trading to avoid local regulatory risks. Data shows that 80% of the supply of TRUMP tokens is held by the Trump family and its partners, 45 wallets have made a profit of $1.2 billion through transactions, and 712,000 wallets have lost a total of 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 a profit of $314 million through token sales and Solana chain fees earned $36 million.
Linea Project Leader: Token Economics to be Announced at the End of July, TGE Date Undecided
Declan Fox, head of the Linea project, posted on the X platform that the Linea token economics and governance details 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 too long.
An ancient whale transferred 10,009 BTC from one of its wallets in half an hour
According to the monitoring of on-chain analyst Yu Jin, the ancient whale who has held 80,000 BTC for 14 years made an operation half an hour ago: 10,009 BTC (worth $1.22 billion) in one of his wallets were transferred. At present, this 10,009 BTC (worth $1.22 billion) has been transferred to the address starting with bc1qmu.
CMB International obtains virtual asset license in Hong Kong
According to the Securities Times, the reporter learned from CMB International Securities Co., Ltd. (referred to as "CMB International") that CMB International officially obtained the approval of the Hong Kong Securities and Futures Commission on July 14, becoming the first Chinese bank-affiliated securities firm in Hong Kong to obtain relevant licenses such as 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. The acquisition expands Ondo's engineering and product capabilities, enabling it to develop infrastructure to put RWA on the chain.
According to market news, Grayscale Investments has secretly submitted a draft initial public offering registration to the SEC.
According to PR Newswire, BitMine Immersion, a New York Stock Exchange-listed company, announced that as of July 14, Eastern Time, the company's ETH holdings reached 163,142, which is worth more than $500 million at a price of $3,072.67.
Strategy spent about $472.5 million last week to increase its holdings of 4,225 bitcoins
According to official news, Strategy (formerly MicroStrategy) spent about $472.5 million to purchase 4,225 bitcoins at a price of $111,827 per bitcoin between July 7 and July 13; its bitcoin investment return rate has reached 20.2% since the beginning of 2025. As of July 13, 2025, the company holds 601,550 bitcoins, which were purchased at a price of about $71,268 per bitcoin, with a total cost of about $42.87 billion.
According to the official announcement, Matador Technologies Inc., a Canadian listed company, 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 with a total amount of up to 900 million Canadian dollars from time to time within 25 months. The company's management believes that the simplified prospectus will enable the company to efficiently obtain funds to seek future growth opportunities, make strategic acquisitions and accumulate Bitcoin asset reserves.
According to The Block, on July 15, Nasdaq-listed biotech company Sonnet BioTherapeutics agreed to merge with Rorschach I LLC, will be renamed Hyperliquid Strategies, Inc., and launch the HYPE treasury strategy. Rorschach I LLC was newly established by entities associated with Atlas Merchant Capital LLC (an affiliate of Paradigm). When the transaction is completed, the new entity is expected to hold 12.6 million HYPE tokens, $305 million in cash, and a total valuation of $888 million. The transaction was participated in by strategic investors such as Paradigm. After completion, Hyperliquid Strategies will be listed on Nasdaq with a new code and become a publicly traded cryptocurrency treasury company. Both parties said that the cash proceeds will enable Hyperliquid Strategies to purchase more HYPE and create one of HYPE's strategic reserves.
Binance Alpha and Binance Futures will list TAC(TAC)
According to the official announcement, Binance Alpha will be the first platform to launch TAC (TAC) on July 15. Alpha trading will be open at 18:00 (UTC+8) on July 15, 2025. Contract trading will be open at 18:30 (UTC+8) on July 15, 2025. Eligible users can go to the Alpha event page to use Binance Alpha points to claim the airdrop after Alpha trading is open. Specific details will be announced separately. Please note that the current Alpha trading market has too much trading volume for BR tokens and KOGE tokens, and there are problems such as too high TVL in DEXLiquidityPool. Please pay attention to prevent price volatility risks.
Decentralized lending protocol Aave net deposits exceed $50 billion
According to The Block, the decentralized lending protocol Aave's net deposits exceeded $50 billion, becoming the first DeFi project to achieve this milestone. The data counts the total collateral assets minus outstanding loans in 34 on-chain markets. Its founder said that traditional financial institutions are increasingly adopting the protocol as a lending infrastructure. This breakthrough is in line with the overall recovery of DeFi. Data shows that the total locked-in value (TVL) of the DeFi industry has approached $120 billion for the first time since December 2024, with Ethereum on-chain lending business dominating, with a locked-in value of over $63 billion. DefiLlama shows that DefiLlama's data shows that Aave's locked-in value reached $29 billion, almost half of that amount. It is reported that Aave's governance community is supporting multiple upgrade plans, including "Aave V4" aimed at introducing account abstraction and native real-world asset vaults. Related proposals also include support for Bitcoin Layer2 network assets and the expansion of Aave's stablecoin GHO to more blocks.
Binance Alpha will be listed on Chainbase(C)
According to the official announcement, Binance Alpha will be listed on Chainbase(C), and trading will start at 20:00 (UTC+8) on July 14, 2025. After trading starts, users with at least 160 Binance Alpha points can apply for 750 C tokens airdrop. First come, first served, until the airdrop pool is full or the event ends. Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm the claim on the Alpha event page within 24 hours, otherwise it will be deemed to have given up the airdrop.
Click Holdings to build a $100 million Bitcoin and Solana asset reserve
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 of up to $100 million, and integrate cryptocurrency payment methods into employee salary distribution and customer transactions to promote the modernization of its elderly care business. It is not clear 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.
Hungarian legislation criminalizing cryptocurrency trading came into effect this month
According to Forbes, Hungary has enacted one of the world's strictest cryptocurrency legislations, which has caused widespread confusion and concern in the fintech sector after it came into effect on July 1. The new regulations have forced large fintech companies to suspend services, such as digital bank Revolut, which announced that it would "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, up to two years in prison; for "particularly high value" transactions of more than 50 million Hungarian forints, up to three years in prison; for transactions exceeding 500 million forints, up to five years in prison); 2. Service providers who operate without proper authorization will face more severe penalties, and larger operations may be sentenced to eight years in prison. The bill is broadly worded and lacks implementation guidelines. About 500,000 citizens who purchase cryptocurrencies may be affected, and originally legal activities may face criminal prosecution. The regulatory authority has 60 days to develop a compliance framework, but no guidance has been issued. Regulatory uncertainty may lead to the withdrawal of companies, and some companies are already considering moving elsewhere. Although enforcement against global platforms is unlikely, Hungarian registered companies and individual investors face huge legal uncertainty. The cryptocurrency community awaits clarification from regulators, industry groups have yet to receive an official response, and the industry faces difficult choices. Hungary’s move may isolate it from EU digital asset regulation.
According to an official announcement, French IoT semiconductor company Sequans Communications (NYSE: SONS) announced that it purchased an additional 683 bitcoins at a price of approximately US$79 million, with an average purchase price of approximately US$116,213 per bitcoin, including various fees. As of July 14, 2025, the company holds 1,053 bitcoins, with a total purchase price of approximately US$120 million.
Binance Wallet and Four.Meme launch exclusive TGE model based on Bonding Curve mechanism
According to the official announcement, Binance announced the launch of a new token generation event (TGE) model in Binance Wallet that uses the bonding curve mechanism. This event was 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, the number of tokens purchased directly from the bonding curve contract triggers an automatic adjustment of the token price. As the number of tokens purchased increases, the price will gradually increase along the preset curve. This means that throughout the event, the token price is not fixed, but will fluctuate according to demand. In the TGE event based on Bonding Curve, users can use BNB to purchase tokens in Binance Wallet. During the subscription period, these tokens can only be traded in the Bonding Curve ecosystem. During the event, users have two options: 1. During the subscription period, sell the purchased tokens back to other participants in the bonding curve ecosystem; 2. Wait for the end of the event, and the tokens can be freely transferred and traded on Binance Alpha. The first project using this Bonding Curve TGE model will be announced on the official X account of Binance Wallet on July 15, 2025.
According to Xinhua News Agency, the CPC Central Committee issued an opinion on strengthening trial work in the new era. The opinion mentioned that financial trial work should be strengthened. Severely punish illegal crimes in the financial field such as market manipulation, insider trading, illegal fundraising, loan fraud, money laundering, etc. in accordance with the law, strengthen the coordinated governance of illegal intermediaries 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 coordination mechanism between administrative law enforcement and judicial trials in the financial field.
According to Cointelegraph, the controversial Bitcoin upgrade proposal BIP-119 (OP_CHECKTEMPLATEVERIFY) is expected to reach consensus by the end of the year. The proposal was proposed by Jeremy Rubin in 2019 and aims to enhance Bitcoin security and scalability through "covenants" technology, especially for Layer2 solutions such as the Lightning Network. On June 9, 66 Bitcoin core developers signed an open letter calling for the advancement of BIP-119 and BIP-348. The signatories include well-known developers such as Jameson Lopp and representatives of institutions such as Anchorage. If activated, the upgrade will support the smart vault function, allowing users to preset fund transfer rules (such as transferring a maximum of 0.1BTC to a hot wallet per week) and optimize Layer2 privacy 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 before the end of the year. However, actual deployment will still take 1-2 years, and the differences in activation mechanisms between miners and full nodes need to be resolved.
