24H Hot Cryptocurrencies & News | ETH briefly breaks through $3400; Trump denies drafting a letter to fire Powell (July 17)

1、CEX Hot Coins

CEX Top 10 Trading Volume and 24-hour Price Change:

• ETH: 5.99%

• BTC: 0.3%

• SOL: 3.85%

• XRP: 2.83%

• DOGE: 5.01%

• BNB: 2.92%

• UNI: -6.14%
  

• TRUMP: 2.94%

• HBAR: -1.41%
  

• ENA: 0.58%

24H Top Gainers (Data Source: OKX):

• FLOKI: 28.91%

• BONK: 24.09%
  

• MEW: 20.83%

• CAT: 20.5%

• CVX: 16.77%
  

• CRV: 16.7%

• FLUID: 10.1%

• GEAR: 9.57%

• NEIRO: 8.88%

• FXS: 8.54%

2、Top 5 On-chain Meme Coins (Data Source: GMGN):

• FFF

• DDAI

• Cameron

• BONK

• Unipcs

3. 24H Trending Coins

• ETH: ETH is really showing its strength this time!

Headlines

Trump Denies Drafting Letter to Fire Fed Chair Powell

Odaily Planet Daily News U.S. President Trump denied drafting a letter to fire Federal Reserve Chair Powell, but said he had discussed the "concept of firing (Fed Chair Powell)" with Republicans. He revealed that Republicans were pushing for Powell's dismissal, while his own stance was more conservative, stating that Powell would only be fired if there was fraud during the renovation process. (Jin Shi)

Trend Research Has Sold 48,946 ETH Today, Still Holds $430 Million Worth of ETH

Odaily Planet Daily News According to Lookonchain monitoring, Trend Research has sold a total of 48,946 ETH ($151.26 million) today to repay its Aave loan.
From February 26 to June 20, Trend Research accumulated 184,115 ETH (cost approximately $390 million) through borrowed funds, with an average purchase price of about $2,118. Currently, it still holds 136,182 ETH ($430 million), with a total profit of approximately $191 million.

Yi Lihua: Sold Some ETH Due to Multiple Macro Uncertainties, But Long-term Bullish Trend Remains Unchanged

Odaily Planet Daily News LD Capital founder Yi Lihua posted, "CPI has delayed interest rate cut expectations, the U.S. stock market seems to have peaked, the Russia-Ukraine war risks have increased, and the crypto bill is temporarily blocked. Under multiple macro uncertainties, with ETH rising more than 50% in the short term reaching expectations, we chose to fear at the Fomo peak. From an investment and trading perspective, we are preparing to take a break and wait for everything to become clear before making decisions, but the long-term bullish trend remains unchanged."
Previously, it was reported that Trend Research has sold 48,946 ETH today and still holds $430 million worth of ETH.

SlowMist: BigONE Exchange Suffers Supply Chain Attack, Losses Exceed $27 Million

Odaily Planet Daily News SlowMist issued a warning that cryptocurrency exchange BigONE suffered a supply chain attack, with its production network being hacked. The attacker manipulated the operation logic of the account and risk control servers to withdraw funds, with current losses exceeding $27 million. Private keys were not leaked in this incident, and related attack addresses cover Ethereum, BSC, Solana, Bitcoin, and Tron chains.

Industry News

Strategy: Plans to Announce Q2 Financial Report on July 31

Odaily Planet Daily News Nasdaq-listed Bitcoin financial company Strategy announced plans to announce its Q2 2025 financial performance report after the U.S. financial market closes on July 31, and will host a live video webinar at 5:00 PM Eastern Time to discuss the financial results. (Businesswire)

SharpLink Gaming Raised Approximately $413 Million Last Week, All to Be Used for Increasing Ethereum Holdings

Odaily Planet Daily News SharpLink Gaming (SBET) posted that, in addition to becoming the largest Ethereum holder among corporate entities, SharpLink raised approximately $413 million through its ATM plan from July 7 to 11. About $156 million has been used to purchase Ethereum, with the remaining approximately $257 million available for future Ethereum acquisitions.

SRM Entertainment: Company Officially Renamed to Tron Inc., Stock Symbol Changed to TRON

Odaily Planet Daily News Nasdaq-listed company SRM Entertainment announced that the company's name has been officially changed to Tron Inc. The company will also change its stock symbol from "SRM" to "TRON" on the Nasdaq Capital Market starting July 17, 2025. After the name and stock symbol change, the company's CUSIP number 85237B101 will remain unchanged. (Globenewswire)

Coinbase Launches Base App, Upgrades Coinbase Wallet to an All-in-One Social and Trading Platform

Odaily Planet Daily News Coinbase released the Base App, replacing the original Coinbase Wallet, integrating social networks, mini-apps, instant USDC payments, and trading functions, based on the Ethereum Layer 2 network Base ecosystem. The app started testing with waitlisted users on July 16, supporting Farcaster protocol social feeds, Zora content tagging and tipping, real-time trading viewing, and on-chain token swaps. The Base App includes multiple mini-apps and encrypted messaging, launching the smart wallet Base Account and new checkout service Base Pay. Coinbase plans to gradually promote it publicly. (The Block)

Varys VC Head and Multicoin Co-founder Bet on Whether ETH Will Break $10,000 by the End of 2026

Odaily Planet Daily News Varys Capital VC head Tom Dunleavy posted on X that he has made a bet with Multicoin Capital co-founder Kyle Samani on whether ETH will reach $10,000 on any mainstream exchange by December 31, 2026, with odds of 3:1.
Kyle Samani has replied under Tom Dunleavy's post, confirming the bet.

Project News

Trump Family Crypto Project "WLFI Token Tradable" Proposal Vote Passed

Odaily Planet Daily News According to relevant page information, the Trump family crypto project "WLFI Token Tradable" proposal ended voting and passed at 1:38 AM Beijing time. The proposal aims to:
Make WLFI tokens tradable, enabling broader community governance participation through peer-to-peer trading or secondary markets;
Transition the WLFI ecosystem from closed participation to open participation;
Enhance the utility and usage scope of the token;
Initiate the next phase of community ownership and interaction;
Align long-term token incentives with protocol adoption and success.

Trump-themed Meme Coin TRUMP Suspected to Be Preparing to Launch a Game Project

Odaily Planet Daily News According to leaked website information, the Trump-themed Meme coin TRUMP is suspected to be preparing to launch a game project.

Base Launches Flashblocks, Reducing Effective Block Time from 2 Seconds to 200 Milliseconds

Odaily Planet Daily News According to official news, Flashblocks has been launched on the Base network, increasing the network's basic speed by 10 times. Flashblocks reduces the effective block time from 2 seconds to 200 milliseconds, making the Base network the fastest EVM chain currently.
This upgrade may prepare the infrastructure for the launch of the Base App. Previously, it was reported that Coinbase launched the Base App, upgrading Coinbase Wallet to an all-in-one social and trading platform. The new app integrates wallet, trading, and payment functions, while combining social media, instant messaging, and mini-app support, all running on its self-developed Ethereum Layer 2 network Base.

Insider: Orca Plans to Launch Launchpad in Late July or Early August

Odaily Planet Daily News According to Blockworks reporter Jack Kubinec on X platform, Orca plans to launch Launchpad in late July or early August. The product will focus on a mechanism developed by Orca that gives humans an advantage over robots.

Caldera Announces Token Economics: HODLer Airdrop Accounts for 2% of Total, Initial Circulating Tokens Account for 14.85% of Maximum Supply

Odaily Planet Daily News According to Binance announcement, Caldera (ERA) token total is 1 billion, with HODLer airdrop accounting for 2% of total, and an additional 20,000,000 ERA will be used for market activities 6 months after listing; at the time of Binance listing, the circulating supply is: 148,500,000 ERA, initial circulating tokens account for 14.85% of maximum supply.

Hyperion Announces RION Token Economics: Airdrop Accounts for 5%, Liquidity Incentives Account for 30%

Odaily Planet Daily News Hyperion platform token economics includes two tokens: RION and xRION. Among them, RION is the platform's native transferable utility token, users can obtain xRION by staking RION. xRION is a non-transferable governance token, representing long-term commitment and protocol participation, and can be used for governance voting, Launchpad allocation, and whitelist qualification applications, while also having staking reward qualifications.
RION allocation ratio is: liquidity incentives account for 30%, protocol treasury accounts for 22.9%, team and advisors account for 20%, public distribution accounts for 9%, airdrop accounts for 5%, community incentives account for 5%, investors account for 8.1%. Previously, it was reported that Binance Alpha points greater than 211 can participate in the Bonding Curve version of Hyperion (RION) TGE.

Backpack: Airdrops Different Amounts of ES Tokens to All Users with Tiers in S2

Odaily Planet Daily News According to official news, Backpack airdrops different amounts of ES tokens to all users with tiers in S2. Platinum and above tier users have received airdrop rewards for the fourth consecutive time.

Investment and Financing

Peter Thiel Has Acquired a 9.1% Stake in ETH Strategic Reserve Company BitMine

Odaily Planet Daily News SEC documents show that PayPal co-founder, Silicon Valley venture capital guru Peter Thiel has acquired a 9.1% stake in BitMine Immersion Technologies. BitMine was originally a Bitcoin mining company but has now transformed into an ETH strategic reserve company. On July 14, the company disclosed holding 163,142 ETH, worth over $500 million.

Crypto Infrastructure Company Talos Acquires Coin Metrics for Over $100 Million

Odaily Planet Daily News New York-based digital asset trading infrastructure development company Talos announced that it has acquired blockchain data provider Coin Metrics. According to a person familiar with the matter, the transaction amount exceeded $100 million. Talos was founded in 2018 by Wall Street veterans Katz and Ethan Feldman, who serves as the company's CTO. Its software helps institutional investors such as hedge funds and asset management companies trade digital assets like Bitcoin and Ethereum. (Fortune)

Infinity Ground (AIN) Announces Strategic Investment from DWF Labs

Odaily Planet Daily News Infinity Ground announced a strategic investment from crypto investment institution DWF Labs. Infinity Ground is an Agentic IDE (Agent Development Environment) built for AI-native applications, providing developers and creators with no-code construction, front-end and back-end deployment, and smart contract integration AI application infrastructure. Recently, Infinity Ground (AIN) has successfully listed on Binance, Bybit, and other exchanges. This round of investment from DWF Labs will help Infinity Ground accelerate the global AI application ecosystem expansion and promote the landing of Agentic IDE and other products for Web3 developer communities and creative programmers (Vibe Coders).

Regulatory Policies

Trump Asks Lawmakers Whether Powell Should Be Fired, Insiders Say He Hints at Action

Odaily Planet Daily News According to multiple direct insiders, Trump asked a group of House Republicans on Tuesday whether he should fire Federal Reserve Chair Powell, and those present agreed. Several people said Trump hinted he would do so. There is no legal precedent for a president to fire a Fed chair—federal law states that the Fed chair can only be fired for "reasonable cause." This move could have serious negative effects on financial markets. Government insiders told CBS that Trump has mentioned the possibility of firing Powell for "reasonable cause" in public and private remarks, but the White House has not formally established a legal basis. U.S. Representative Anna Paulina Luna from Florida (one of the Republicans who voted against advancing the crypto bill) posted on Tuesday night: "Hearing Powell is getting fired! Very reliable source." In a subsequent post, she wrote: "I'm 99% sure the firing is about to happen." (Jin Shi)

U.S. House Passes Procedural Vote on Crypto Bill

Odaily Planet Daily News The U.S. House of Representatives passed a procedural vote on the crypto bill, establishing the rules of debate for the GENIUS bill, CLARITY bill, and Anti-CBDC bill, with the final vote expected to take place this week.
This procedural vote was not a direct vote on the GENIUS, CLARITY, and Anti-CBDC bills themselves, but rather a decision on the process and rules for these bills during formal debate and voting in the House, also known as the "rules of procedure" or "rules of debate" vote.

U.S. House Second Round Crypto Bill Procedural Vote Deadlocked, CBDC Stance Becomes Key Point of Disagreement

Odaily Planet Daily News Golden Finance reported that during the "Crypto Week" legislative advancement, the U.S. House second round crypto bill procedural vote was deadlocked, with some Republican lawmakers insisting on adding a clause prohibiting central bank digital currency (CBDC), causing disagreement. Although the first round of voting has advanced the bill process, including key bills such as the "GENIUS Stablecoin Bill," the wording regarding CBDC has become a focal point of controversy, making the prospects for subsequent votes unclear. Trump originally planned to sign the bill this week, but the current situation is described as "complete chaos."

People*Voices

Arthur Hayes: "Ethereum Season" Has Arrived, DeFi and NFT Will Benefit

Odaily Planet Daily News BitMEX co-founder Arthur Hayes posted on X platform, "Ethereum season" has arrived, DeFi and NFT markets will benefit and make a comeback. Additionally, Arthur Hayes changed his social media avatar to a CryptoPunk.

Zhu Su: SOL Price and Demand Further Pushed Up by pump.fun's TGE

Odaily Planet Daily News Three Arrows Capital founder Zhu Su posted on X platform that pump.fun's TGE has driven up SOL prices," for the following reasons:
1. pump.fun itself does not hold a large amount of SOL, so it will not create price pressure by selling SOL;
2. Thinking that pump.fun will sell SOL is a wrong framework. Users usually buy SOL with dollars, participate in pump.fun transactions, and pay SOL fees, while the platform then exchanges SOL back into dollars. This model is just a regular consumer business process;
3. pump.fun's revenue generation in the Solana ecosystem has attracted more market attention, possibly driving SOL's revaluation as an investment-grade consumer protocol;
4. Solana ecosystem investors who participate in pump.fun's initial token offerings tend to reinvest their profits into SOL after making profits.

James Wynn: Bitcoin May Hit Short-term High This Month, Next 1-2 Months for Altcoin Season

Odaily Planet Daily News James Wynn posted on X platform that Bitcoin may hit a short-term high in July, with a target price possibly reaching $145,000, then quickly falling back to $110,000. He believes that the next 1-2 months will usher in a large-scale altcoin market, with FOMO sentiment concentrated. In the fourth quarter, driven by interest rate cuts, he boldly speculates that Bitcoin may surge again to the range of $160,000 to $240,000.