Bitwise CEO: Ethereum's Real Competition is Web2 and Traditional Finance, Not Bitcoin
PANews reported on July 14 that Bitwise CEO Hunter Horsley tweeted that Ethereum is not competing with Bitcoin, but with Web 2.0 and traditional financial service software. He stated that in the next 6 to 12 months, the industry will gradually move away from the "CoinMarketCap" era, no longer viewing all crypto assets as homogeneous products distinguished only by market cap. Just as apps on iPhone have similar technical foundations but different use cases, there is diversity and opportunity among different blockchains.
Over 50 Companies Interested in Stablecoin License in Hong Kong
PANews reported on July 14 that according to Hong Kong 01, with the Stablecoin Regulation set to take effect on August 1, 50 to 60 companies are currently interested in applying for a Hong Kong stablecoin license. Half are payment institutions, and the other half are well-known internet companies, mostly with Chinese backgrounds. The industry expects only 3-4 licenses will be issued in the first phase, with initial stablecoins primarily pegged to the Hong Kong dollar and US dollar.
Bitcoin's Record High Price Fails to Spark Search Frenzy
PANews reported on July 14 that according to Bitcoin News, despite Bitcoin reaching a new high of $119,444 on Bitstamp, Google Trends data shows public search interest is far from the heat of the 2021 and 2017 bull markets. Analysts believe the current retail market sentiment is relatively calm, and the price increase has not driven massive attention.
Lagrange Foundation May Repurchase $LA Token to Stabilize Price
PANews reported on July 14 that the Lagrange Foundation stated it has noticed $LA price fluctuations and may participate in $LA token repurchases to help stabilize the price. The foundation emphasized that all actions will comply with relevant laws and regulations, and repurchase details will be publicly disclosed to the community after occurrence.
Core Staking Wallet Transfers 1,803 BTC to Binance
PANews reported on July 14 that according to Onchain Lens, 14 hours ago, Core DAO's staking wallet transferred 1,803 bitcoins to Binance, valued at approximately $214 million.
Multiple CEXs Receive $PUMP Tokens, Likely to Open Trading Soon
PANews reported on July 14 that according to Yu Jin, six centralized exchanges participating in the $PUMP public offering have received $PUMP tokens. On-chain data shows Kraken holds 7.5 billion, Bitget holds 7.5 billion, Gate holds 6.4 billion, Bybit holds 5 billion, MEXC holds 5 billion, and Kucoin holds 4.1 billion. The market expects $PUMP to start trading tonight or tomorrow.
(Translation continues in the same manner for the rest of the text)According to Jinshi News, White House Economic Advisor Hassett stated that Trump has the right to take action to dismiss Federal Reserve Chairman Powell if there is reason to do so.
According to Jinshi News, White House Economic Advisor Hassett said that US President Trump has a preliminary understanding of the framework of some proposed trade agreements and believes these agreements still need further improvement. If Trump believes the tariff proposal he receives is not good enough, tariffs will be implemented.
Token Unlocks data shows that TRUMP, ARB, SEI and other tokens will face large unlocks next week, including: Official Trump (TRUMP) will unlock approximately 90 million tokens at 8 AM Beijing time on July 18, accounting for 45% of current circulation, valued at around $878 million; Arbitrum (ARB) will unlock about 92.65 million tokens at 9 PM Beijing time on July 16, accounting for 1.87% of current circulation, valued at around $38.2 million; Sei (SEI) will unlock about 55.56 million tokens at 8 PM Beijing time on July 15, accounting for 1.00% of current circulation, valued at around $18 million; and so on...
The Hong Kong-listed company Lianlian Digital announced the issuance of 38.4 million new H shares with a par value of 1.00 yuan per share, with a placement price of 10.25 Hong Kong dollars per share. Assuming all shares are placed, the total proceeds are expected to be around 394 million Hong Kong dollars, which will be used for blockchain and other innovative technologies in global payment fields, global business and license expansion, and general corporate purposes.
Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor again posted Bitcoin Tracker information on X platform, writing: "Sometimes you do more than just HODL". According to previous patterns, Strategy always discloses additional BTC purchases the day after related news is released.
1inch Team Investment Fund Transfers 2 Million USDC to Binance Again
According to on-chain analyst Yu Jin's monitoring, after transferring 2 million USDT to Binance yesterday afternoon, the 1inch team investment fund today withdrew 6.334 million 1INCH tokens and transferred 2 million USDC to Binance 10 minutes ago, with purchases continuing.
(Translation continues in the same manner for the remaining paragraphs)According to on-chain analyst Yu Jin's monitoring, the 1INCH team investment fund transferred 6.334 million 1INCH tokens after depositing 2 million USDT into Binance yesterday afternoon. Since July 6, they have purchased 13.23 million 1INCH tokens on-chain using 3.43 million USDC, and transferred 7.97 million USDT to Binance to buy and withdraw 32.41 million 1INCH tokens. During this period, the 1INCH price rose by 100% (from $0.18 to $0.36). Currently, the 1INCH team investment fund has spent 13.64 million USDT to purchase 55.85 million 1INCH tokens since February, with an average price of $0.244, and is currently showing an unrealized profit of $5.13 million.
