ChainCatcher news, OKX-ETH/USDT is currently trading at $3399.14, with a 5-minute increase of 0.59%.

Foresight News report shows that according to Bitget market data, Ethereum broke through 3400 USDT, currently trading at 3400.67 USDT, with a daily increase of 8.39%.

ChainCatcher news, according to Coinglass data, the total network liquidation in the past 24 hours was $365 million, with long positions liquidated at $78.0934 million and short positions liquidated at $287 million. Among them, Bitcoin long positions were liquidated at $13.6115 million, Bitcoin short positions were liquidated at $42.0024 million, Ethereum long positions were liquidated at $18.323 million, and Ethereum short positions were liquidated at $151 million. In addition, in the past 24 hours, a total of 105,272 people were liquidated, with the largest single liquidation occurring on Binance - <BTCUSDT> valued at $2.4284 million.

According to CoinAnk monitoring, AguilaTrades (0x1f250df59a777d61cb8bd043c12970f3afe4f925) is adding BTC long positions, and has added $24.91M. Current position status: Position: 4,200.08 BTC, about $502.18M Average opening price: $118,204 Liquidation price: $116,063 Current profit and loss: $5.71M

According to ChainCatcher, citing The Block, the U.S. House of Representatives voted to advance the GENIUS stablecoin and cryptocurrency market structure bill, which had previously faced intense controversy in a procedural vote.

On July 17, according to HTX market data, Ethereum approached $3,300, with the ETH/BTC exchange rate strongly rising to 0.02762, showing a 24-hour increase of 6.2%. The ETH/BTC exchange rate has rebounded over 56.4% from the recent low of 0.01766 in April.

On July 17, according to Coinglass data, market participants increased their bets on ETH's trend, with the total network's ETH futures contract open interest reaching 14.73 million <ETH>, approximately $48.28 billion, hitting a historical high with a 24-hour increase of 8.84%. Among these, Binance's ETH contract open interest was $8.9 billion, ranking first; CME's ETH contract open interest was $5.08 billion, ranking second.

<Odaily> Planet Daily News: Three Arrows Capital founder Zhu Su posted on X platform, stating that "pump.fun's TGE drove SOL price increase" for the following reasons: 1. pump.fun itself does not hold a large amount of SOL, thus will not cause price pressure through selling; 2. Believing that pump.fun will sell SOL is a mistaken thinking framework, as users typically buy SOL in USD, participate in pump.fun trading and pay SOL fees, and the platform subsequently exchanges SOL back to USD, which is just a regular consumer business process; 3. pump.fun's revenue generation in the Solana ecosystem has attracted more market attention, potentially driving a re-evaluation of SOL as an investment-grade consumption protocol; 4. Solana ecosystem investors participating in pump.fun's initial token offering tend to reinvest their profits back into SOL after gaining returns.

<Odaily> news report shows that Altcoins are experiencing a general rise, with the following details: XLM 24H increase of 3.5%, currently at 0.46567 USDT; XRP 24H increase of 3.41%, currently at 2.9957 USDT; ARB 24H increase of 7.36%, currently at 0.447 USDT; CSPR 24H increase of 1.16%, currently at 0.011767 USDT; HBAR 24H increase of 1.74%, currently at 0.23924 USDT; ATOM 24H increase of 2.76%, currently at 4.724 USDT; POL 24H increase of 3.22%, currently at 0.2343 USDT; AEVO 24H increase of 9.33%, currently at 0.11854 USDT.

On July 17, Tether CEO Paolo Ardoino posted on social media that USDT's market value has grown 34 times since 2020 (from $4.7 billion to $160 billion), on-chain transaction volume has increased 74 times (from $14.8 billion to $1.1 trillion per month), and user base has grown 160 times (from 2.8 million to 450 million).

On July 17, according to GMGN data, the market value of AI token <BankrCoin> (BNKR) on the Base chain broke through $50 million, reaching a historical high, with a 24-hour increase of 7.24%. <BlockBeats> reminds users that MEME coins often lack practical use cases, have significant price volatility, and investments should be approached with caution.

On July 17, Trump: Discussed the "concept of firing (Federal Reserve Chairman Powell)" with Republicans, unless there is fraud during the Federal Reserve's renovation, the federal government's renovation project may involve fraudulent activities. Republican officials are pushing to fire Powell, and my stance is more conservative. (Jinshi) BlockBeats Note: The renovation budget for the Federal Reserve headquarters has surged from $1.5 billion to $2.5-2.6 billion, far exceeding expectations, and rumors suggest luxurious facilities like a rooftop garden and private elevators, raising public and political doubts about extravagance. Trump and others have seized the opportunity to criticize Federal Reserve Chairman Powell and question his transparency. The Federal Reserve responded that the overspending was due to rising material costs and unexpected issues, with funds coming from its own income rather than taxpayers, but the controversy remains unresolved and may affect its reputation and independence. The market speculates that Trump may use this as an opportunity to fire Powell.

According to ChainCatcher, based on the analysis by blockchain analyst Yu Jin, if the Trump family's crypto project WLFI truly has not sold the assets they purchased, their investment portfolio, which was at a loss of $157 million in April, has now broken even. Since December last year, WLFI has spent a total of 352 million USDT on-chain to purchase 12 assets, with <ETH> primarily accounting for over 60%. When <ETH> dropped below $1,500 in April, their portfolio, which was heavily weighted towards <ETH>, was experiencing an unrealized loss of $157 million. WLFI later transferred most of the purchased assets to Coinbase Prime, and while they claimed on Twitter that they would not sell, we cannot verify whether they have actually not sold or not since the assets are now in the exchange.

On July 16, according to official website data, the probability of "Powell being removed from the position of Federal Reserve Chair in 2025" on Polymarket increased from 15% to 38%.

<Odaily> Trump hinted at potentially firing Federal Reserve Chairman Powell. CME "Fed Watch" data shows: The probability of the Federal Reserve maintaining interest rates unchanged in July is 95.3%, while the probability of a 25 basis point rate cut is 4.7%. The probability of maintaining interest rates unchanged in September has dropped to 32%, with a 64.9% probability of a cumulative 25 basis point rate cut and a 3.1% probability of a cumulative 50 basis point rate cut. (Jinshi)

On July 16, according to market data, the three major U.S. stock indexes continued to decline, with the Nasdaq falling over 0.6%, the S&P 500 index dropping 0.5%, and the Dow Jones falling 0.46%.

<Foresight News> report, the probability of "Trump firing Powell within 2025" on Polymarket has surged to 35%.

Odaily Planet News: Traders believe the possibility of a Federal Reserve rate cut in September is over 50%. According to reports, Trump hinted at firing Federal Reserve Chairman Powell and has already drafted a dismissal letter. (Jin Shi)

On July 16, the Pendle sUSDe PT Token expiring on September 25 was listed on AAVE and quickly sold out, with over 98% of the $200 million quota already subscribed. Pendle PT (Principal Token) has become an important collateral in DeFi, with a current market value of over $2.67 billion, and Aave holds over $2 billion in PT as collateral.

According to ChainCatcher, ConsenSys published that "Ethereum will become the trust software of the digital world". In this context, Trustware played by Ethereum is a digital infrastructure that can enable a massive upgrade from dependence on physical bills, paper ledgers, metal coins, and opaque private databases. In a fully algorithmic process, Trustware injects validity and finality into ordinary data and benefits from Ethereum's network effects and staking security. BlackRock, JPMorgan, Visa, and Franklin Templeton have all adopted Ethereum for practical use cases such as asset tokenization and payments.