24H Hot Coins and News | Trump will open cryptocurrency investment to the US retirement market; the US House of Representatives passed all three cryptocurrency bills (July 17)

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Azuma
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White House Press Secretary: Trump plans to sign encryption-related bills, including the Genius draft, on Friday.

24H Hot Coins and News | Trump will open cryptocurrency investment to the US retirement market; the US House of Representatives passed all three cryptocurrency bills (July 17)

1. Popular currencies on CEX

CEX top 10 trading volume and 24-hour rise and fall:

  • ETH: +2.98%

  • XRP: +15.00%

  • BTC: +0.5%

  • SOL: +1.33%

  • DOGE: +2.38%

  • ERA: New Coin

  • PEPE: -1.48%

  • BNB: +1.7%

  • BONK: -8.55%

  • ADA: +7.33%

24 H increase list (data source: OKX):

  • HBAR: +18.46%

  • FXS: +17.34%

  • XRP: +15%

  • ALGO: +1335%

  • LDO: +10.97%

  • RSR: +10.57%

  • XLM: +10.31%

  • CRO: +9.78%

  • CRV: +9.56%

  • RPL: +9.52%

2. Top 5 popular memes on the chain (data source: GMGN ):

  • Valentine

  • DDAI

  • Fartcoin

  • BONK

  • WIFTRUMP

3. 24-hour hot search currencies

  • ETH: E-zi is completely tough this time!

Headlines

Trump to open up cryptocurrency investments to U.S. retirement market

Odaily Planet Daily News According to the Financial Times, Trump is preparing to open up cryptocurrencies, gold and private equity to the $9 trillion US retirement market, a move that will stimulate a fundamental change in the way Americans manage their savings. According to three people familiar with the matter, Trump is expected to sign an executive order as early as this week to open up alternative investments beyond traditional stocks and bonds to 401k retirement plans. These investments will involve a wide range of asset classes, from digital assets to metals, as well as funds focused on corporate acquisitions, private loans and infrastructure transactions. The executive order will instruct regulators to investigate the obstacles faced in incorporating alternative investments into professionally managed funds used by 401k savers, the people familiar with the matter said.

U.S. House of Representatives passes three cryptocurrency bills

Odaily Planet Daily reported that on Thursday local time, the U.S. House of Representatives passed three cryptocurrency-related legislations, namely the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. The CLARITY Act and the Anti-CBDC Surveillance State Act will be sent to the Senate for deliberation. The GENIUS Act is expected to be signed by Trump and officially become law on Friday local time.

White House press secretary: Trump plans to sign encryption-related bills including the Genius draft on Friday

Odaily Planet Daily News: White House Press Secretary: Trump plans to sign relevant encryption bills including the Genius Draft at an event on Friday.

BlackRock iShares Ethereum ETF Submits Collateral Application

Odaily Planet Daily reported market news that BlackRock iShares Ethereum ETF submitted a pledge application.

Binance: We will optimize the Alpha process and crack down on violations. Severe violations may result in permanent bans

Odaily Planet Daily News: Binance Wallet released an announcement on the X platform. The team thanked users for participating in and providing feedback on the Alpha airdrop event, and promised to continue to optimize the user experience. The platform will launch a number of optimization measures, including advance notification and simplified processes, to improve the fairness and convenience of airdrop participation.
In response to some users feedback on violations, the platform has launched a multi-dimensional investigation. If any user is found to have violated the activity rules, corresponding measures will be taken, and those with serious violations may be permanently banned.

Industry News

Volcon, a US-listed company, plans to raise $500 million, 95% of which will be used to purchase Bitcoin

Odaily Planet Daily News: Volcon (NASDAQ: VLCN), a US-listed electric car company, announced more than $500 million in private equity financing, and plans to use at least 95% of the funds to purchase Bitcoin as the companys main reserve asset. The financing was led by Empery Asset Management, and participated by well-known crypto venture capital institutions such as FalcolnX, Pantera, and Borderless.
John Kim, co-CEO of Volcon, said that holding Bitcoin is a strategic move to protect shareholder value in an era of accelerated currency depreciation. The transaction is expected to be completed on July 21. (Businessinsider)

Publicly traded BitMine Immersion reveals that its Ethereum holdings are worth more than $1 billion

Odaily Planet Daily News: BitMine Immersion, a listed company, announced today that the value of its Ethereum and Ethereum equivalents has exceeded $1 billion. In order to advance its asset-light treasury strategy, the company completed its first round of private equity financing of $250 million on July 8. According to Bloomberg data, as of 3:45 a.m. Eastern Time on July 17, the company held a total of 300,657 Ethereum1, with an average price of $3,461.89. (PRNewswire)

Nasdaq-listed Bit Origin launches DOGE treasury reserve, receives $500 million in equity and debt financing

Odaily Planet Daily News: Nasdaq-listed Bit Origin (NASDAQ: BTOG) announced that it has reached an agreement with a number of qualified investors to launch the DOGE treasury reserve, with a total financing amount of up to US$500 million, including US$400 million in equity financing and US$100 million in convertible bond financing.
The company plans to hold DOGE as a core asset for a long time, with the goal of becoming one of the worlds largest listed DOGE holders and achieving long-term value enhancement through growth in the amount of coins held per share.
Bit Origin said that DOGE is playing an increasingly important role in peer-to-peer payment and e-commerce scenarios with its extremely fast settlement speed, large community size and growing merchant acceptance. The company hopes that DOGE can become an important part of Elon Musks X platform X Money payment system.
This strategy marks Bit Origins transformation from a traditional mining infrastructure business to a digital asset operation company oriented towards public chain value participation. The company also plans to explore new businesses such as payment applications, miner services, and ecological construction around DOGE.
Currently, the company has completed the first convertible bond financing of US$15 million, which will be used for the first batch of DOGE purchases. ATW Partners provided financial support, and Chardan served as the exclusive agent for this round of financing.

Binance: The first phase of ERA airdrop claim threshold is 224 Alpha points

According to the official announcement, eligible users can use Binance Alpha Points to claim 150 ERA token airdrops after the launch. This airdrop will be distributed in two phases:
Phase 1 (first 18 hours): Users with at least 224 Alpha Points can claim;
Phase 2 (last 6 hours): Users with at least 140 Alpha points can participate on a first-come, first-served basis until the airdrop pool is full or the event ends. Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, otherwise they will be deemed to have given up the airdrop.

Jump Crypto may sell over $40 million in ETH, which comes from Wormhole recovery assets

According to monitoring by Ember, Jump Crypto converted 11,802 stETH (about 40.5 million USD) into ETH within one hour and transferred it to address 0x f 58. Some funds have flowed to the exchange. This batch of ETH originated from the stolen assets of Wormhole that Jump and Oasis hacked back in February 2023. Initially, 120,000 ETH were recovered, and about 28,000 ETH are still held.

Trader Eugene has taken profits on ETH, saying that the current market trend has met expectations, and previously bet on a breakthrough this week.

Odaily Planet Daily News: Trader Eugene posted in the community that the fierce rise of Ethereum has begun to trigger a series of ETH ladder sell orders he set. He said that the current market trend has reached the expected aggressive level.
According to previous news, trader Eugene bet on July 7 that the market would break through this week. At that time, he said that he had gone long on ETH again, and ETH was the clearest bet at the moment.

Project News

Plasma officially launches XPL public sale, token economic model announced

Odaily Planet Daily News: The stablecoin Layer 2 network Plasma officially announced that the public sale of its token XPL has started and will last until 9:00 am Eastern Time on July 28. In addition, the token economic model of XPL has also been announced, with a total supply of 10 billion pieces, and the specific distribution plan is as follows.
1. 10% of the public sale will be allocated. The XPL of non-US buyers will be fully unlocked when the Plasma public mainnet beta is launched; the XPL of US buyers will be locked for 12 months and will be fully unlocked on July 28, 2026.
2. 40% is allocated to the ecosystem and growth, of which 8% will be unlocked immediately when the mainnet beta version is launched, and 32% will be unlocked monthly in proportion within three years after the launch of the mainnet beta version.
3. The team is allocated 25%, of which 1/3 will be unlocked one year after the public launch of the mainnet beta version, and the remaining 2/3 will be unlocked monthly in proportion over the next two years.
4. Investors are allocated 25%, and the unlocking schedule is the same as the team.

Sonic to launch Spark, an AI-driven development platform that allows users to build and deploy full-stack decentralized applications without programming

According to the official announcement, Sonic announced that it will launch the Spark platform, an AI-driven development platform that allows users to build and deploy full-stack decentralized applications without programming. The platform is powered by Googles Gemini large language model and has key features such as code-free full-stack construction, self-debugging, built-in security logic, and context-aware interface. Spark is still under development and early access will be available soon.

Raydium has spent a total of $190 million to repurchase 69.1 million RAY, accounting for 25% of the circulation

Odaily Planet Daily reported that data released by Infra showed that as of July 2025, Raydium has invested a total of 190.4 million USDC to repurchase RAY, with a cumulative repurchase amount of 69.1 million pieces, accounting for 25% of its circulating supply.

Yala releases token economics: total supply 1 billion, 3.4% allocated to airdrops

Odaily Planet Daily News Yala announced that the token YALA has been launched and announced the token economics. The total supply is 1 billion (fixed), and the specific distribution includes:
Investors (15.98%), 1 year lock-up followed by 18-month quarterly vesting;
Ecosystem and community (20%), 45% unlocked at TGE, and the remaining 55% released linearly within 24 months;
Foundation and Finance Department (29.12%), 30% unlocked at TGE, 1 year lock-up period, followed by 36 months of linear vesting;
Marketing (10%), 20% unlocked at TGE, 1 year lockup, then 24 months linear vesting;
Team (20%), 1 year lock-up, followed by 24 months of linear monthly vesting;
Airdrop (3.4%), a one-time distribution to early adopters, testnet and mainnet participants, and users who have made meaningful contributions to the Yala and Yeti Footprints initiatives, fully unlocked at TGE;
Market Makers (1.5%), vesting schedule subject to terms negotiated in the Market Making Agreement.

Investment and Financing

Sources: B2C 2 plans to raise up to $200 million, will reduce its holding in SBI Holdings

Odaily Planet Daily News London crypto market maker B2C 2 is seeking to raise up to $200 million from external investors. Sources said part of the funds raised will be used by its major shareholder SBI Holdings to reduce its shareholding. B2C 2 is currently 90% owned by Japans SBI Holdings. (CoinDesk)

Tokenized money market fund platform Spiko completes $22 million Series A financing, led by Index Ventures

Odaily Planet Daily News: Spiko, a tokenized money market fund platform, announced the completion of a $22 million Series A financing round, led by Index Ventures, with participation from White Star Capital, Frst, Rerail, Bpifrance and Blockwall. In addition, well-known angel investors include Revolut co-founder Nikolay Storonsky, Kyriba founder Jean-Luc Robert, Bridge co-founder Zach Abrams, Wise CTO Harsh Sinha, Blackstone co-CIO Lionel Assant and the Pennylane founding team.
Spiko plans to help European companies earn daily interest on cash through tokenized money market funds, narrowing the cash yield gap between Europe and the United States, and is expected to reach $1 billion in assets under management by the end of this year. (The Block)

Decentralized messaging protocol XMTP completes $20 million Series B financing, led by a16z crypto and others

Odaily Planet Daily News: Ephemera, the developer of the decentralized messaging protocol XMTP, has completed a $20 million Series B financing round, led by Union Square Ventures, a16z crypto and Lightspeed Faction, with participation from Coinbase Ventures, Offline Ventures, Sound Ventures and Distributed Global. After this round of financing, Ephemeras equity valuation is $300 million, while the broader network covering the XMTP protocol that will issue tokens is valued at $750 million.
The XMTP protocol has now been integrated into Coinbases newly launched Base application, upgrading from an optional feature to core infrastructure. The protocol provides end-to-end encrypted communication services and supports secure interactions between wallet addresses. The test network was launched in February this year. Ephemera said it will expand the team size to promote the launch of the protocol mainnet and ecological construction. USV partner Fred Wilson will join its board of directors. (The Block)

Blockskye Completes $15.8 Million Series C Funding, Led by Blockchange

Odaily Planet Daily News: Blockskye, which builds blockchain infrastructure for business travel, has completed a $15.8 million Series C financing round, led by Blockchange, with participation from United Airlines Venture Capital, Lightspeed Faction, KSV Global, Lasagna, Litquidity Ventures, Longbrook Ventures and TFJ Capital. This round of financing uses a priced equity transaction and comes with token warrants. Blockskye is also preparing to launch a new payment product. (The Block)

Thai listed company DV 8 completes 241 million baht financing and transforms into a cryptocurrency reserve company

Odaily Planet Daily News: Thai listed company DV 8 has completed 241 million baht (about 7.4 million US dollars) in financing and transformed into Southeast Asias first cryptocurrency reserve company. DV 8 plans to establish a Bitcoin treasury by drawing on MicroStrategys successful experience in converting financing into cryptocurrency reserves to increase shareholder value (cryptocurrency per share).

Web3 smart layer W3.io completes $7 million seed round of financing, led by Blockchange Ventures

Odaily Planet Daily News: Web3 intelligent layer W3.io announced the completion of a US$7 million seed round of financing, led by Blockchange Ventures, with participation from Framework Ventures, Arrington Capital and other institutions.
The alliance is building the Prodigy Network, a programmable intelligent automation network, which aims to lower the threshold for enterprises to use blockchain technology. The CEO of W 3.io said that the project is committed to developing plug-and-play business solutions covering global micropayments, mortgages and other scenarios. (Globenewswire)

BTC Digital strategically shifts to Ethereum and no longer holds Bitcoin, and completes $6 million in financing

Odaily Planet Daily News: Nasdaq-listed company BTC Digital Ltd. (code: BTCT) announced that it will shift its core asset strategy from Bitcoin to Ethereum and has completed $6 million in financing. The company has already established a $1 million ETH position for the first time, and will convert all existing and newly added BTC assets into ETH in the future, with the goal of achieving a $10 million Ethereum reserve by the end of the year.
CEO Peng Siguang said that Ethereum has become the preferred platform for decentralized finance, real-world asset tokenization, and scalable smart contracts. BTCT will launch an ETH staking plan, expand the asset pool through profit reinvestment, and participate in DeFi, RWA and stablecoin projects, transforming into a digital asset operator with production-based assets as its core.
BTCT previously focused on mining business, which covers mining farm construction, mining pool and data center operations. In the future, it will focus on infrastructure such as ETH pledge, liquidity pool, stablecoin reserve and cross-chain settlement. (Investing)

Stablecoin payment service platform KUN completes Series A financing, with participation from BAI Capital and others, with cumulative financing exceeding US$50 million

Odaily Planet Daily News: Stablecoin payment service platform KUN has completed its Series A financing, with participation from BAI Capital, GSR Ventures, a Hong Kong-listed company and Eternium Global, and the total cumulative financing amount has exceeded US$50 million.
KUN is an innovative technology company with stablecoin payment and financial services as its core. It is based on the licenses and compliance systems of Hong Kong, Singapore and Europe, and its services cover emerging markets such as the Greater Bay Area, Southeast Asia, the Middle East, Africa, and Latin America. KUN has established three major business lines: payment, asset management, and card issuance, covering a variety of products such as corporate accounts, asset management services, deposits and withdrawals, and card issuance services.

Regulatory policies

EU plans to impose new service tariffs and export controls on US as retaliation after trade talks break down

Odaily Planet Daily News According to the Financial Times, two officials familiar with the negotiations said that if the trade negotiations with the United States break down, the European Union is preparing a potential tariff list and export control measures against the US service industry as one of the possible retaliatory measures. The European Commission is preparing this list of measures in response to Trumps tariff policy, and the list has yet to be submitted to EU countries. In addition, EU countries have been discussing a retaliatory proposal against US goods with an annual import value of 72 billion euros (including tariffs on Boeing aircraft, cars and bourbon whiskey), and the newly drafted list will be further supplemented on this basis.

Thai SEC and Bank of Thailand launch sandbox program to allow foreign tourists to exchange digital assets for Thai baht

Odaily Planet Daily News: The Securities and Exchange Commission (SEC) of Thailand has launched a sandbox program in cooperation with the Bank of Thailand, allowing foreign tourists to exchange digital assets for Thai baht for consumption. The service will operate in a controlled sandbox environment supervised by the SEC, the Bank of Thailand, the Anti-Money Laundering Office and other regulators. (Bangkok Post)

Character*Voice

U.S. SEC Chairman: I support the merger of the U.S. SEC and CFTC

Odaily Planet Daily News: Chairman of the US SEC: I support the merger of the US SEC and the Commodity Futures Trading Commission (CFTC). The SEC and the CFTC must maintain coordination and consistency. (Jinshi)

Wintermute founder: There is almost no ETH to sell on Wintermute’s OTC platform

Odaily Planet Daily News: Wintermute founder and CEO Evgeny Gaevoy posted on X that there is almost no ETH available for sale on Wintermutes OTC trading platform.

Original article, author:Azuma。Reprint/Content Collaboration/For Reporting, Please Contact report@odaily.email;Illegal reprinting must be punished by law.

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