24H Hot Cryptocurrencies & News | Trump to Open Cryptocurrency Investment for US Retirement Market; US House Unanimously Passes Three Cryptocurrency Bills (July 17)

1、CEX Hot Coins

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

• 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 Top Gainers (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 On-chain Meme Coins (Data Source: GMGN):

• Valentine

• DDAI

• Fartcoin

• BONK

• WIFTRUMP

3. 24 H Trending Coins

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

Headlines

Trump to Open Cryptocurrency Investments for US Retirement Market

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

US House of Representatives Passes Three Cryptocurrency Bills

Odaily Planet Daily News On Thursday local time, the US House of Representatives passed three cryptocurrency-related legislations: 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 review. The GENIUS Act is expected to be signed into law by Trump on Friday local time.

White House Press Secretary: Trump Plans to Sign Related Cryptocurrency Bills Including the Genius Draft on Friday

Odaily Planet Daily News White House Press Secretary: Trump plans to sign related cryptocurrency bills including the Genius draft at an event on Friday.

BlackRock iShares Ethereum ETF Submits Staking Application

Odaily Planet Daily News Market news, BlackRock iShares Ethereum ETF submits staking application.

Binance: To Optimize Alpha Process and Crack Down on Violations, Serious Offenders May Be Permanently Banned

Odaily Planet Daily News Binance Wallet announced on platform X, thanking users for participating in and providing feedback on the Alpha airdrop event, and promising to continuously optimize the user experience. The platform will launch multiple optimization measures including advance notifications and simplified processes to enhance the fairness and convenience of airdrop participation.
Regarding reports of some users violating the rules, the platform has initiated a multi-dimensional investigation. If users are found to have violated the event rules, corresponding measures will be taken, and serious offenders may be permanently banned.

Industry News

US-listed Company Volcon Plans to Raise $500 Million, 95% of Funds to Be Used to Purchase Bitcoin

Odaily Planet Daily News US-listed electric vehicle company Volcon (NASDAQ: VLCN) announced a private placement of over $500 million, planning to use at least 95% of the funds to purchase Bitcoin as the company's primary reserve asset. This financing was led by Empery Asset Management, with participation from well-known crypto venture capital institutions such as FalcolnX, Pantera, and Borderless.
Volcon Co-CEO John Kim stated that in an era of accelerating currency devaluation, holding Bitcoin is a strategic move to safeguard shareholder value. The transaction is expected to be completed by July 21. (Businessinsider)

Listed Company BitMine Immersion Discloses Its Ethereum Holdings Exceed $1 Billion

Odaily Planet Daily News Listed company BitMine Immersion announced today that the value of its Ethereum and Ethereum equivalents held has exceeded $1 billion. To advance its asset-light vault strategy, the company completed its first $250 million private placement on July 8. According to Bloomberg data, as of 3:45 AM Eastern Time on July 17, the company held a total of 300,657 Ethereum, with an average price of $3,461.89. (PR Newswire)

Nasdaq-listed Company Bit Origin Launches DOGE Treasury Reserve, Secures $500 Million in Equity and Debt Financing

Odaily Planet Daily News Nasdaq-listed company Bit Origin (NASDAQ: BTOG) announced an agreement with several qualified investors to launch the DOGE Treasury Reserve, with total financing reaching $500 million, including $400 million in equity financing and $100 million in convertible bond financing.
The company plans to hold DOGE as a core asset for the long term, aiming to become one of the world's largest listed DOGE holders, and to achieve long-term value enhancement through "growth in coins per share."
Bit Origin stated that DOGE, with its extremely fast settlement speed, large community size, and expanding merchant acceptance, is playing an increasingly important role in peer-to-peer payments and e-commerce scenarios. The company hopes DOGE can become an important part of Elon Musk's X platform "X Money" payment system.
This strategy marks Bit Origin's transformation from a traditional mining infrastructure business to a digital asset operating enterprise oriented towards public chain value participation. The company also plans to explore new businesses around DOGE, including payment applications, miner services, and ecosystem construction.
Currently, the company has completed its first $15 million convertible bond financing, which will be used for the initial DOGE purchase. ATW Partners provided financial support, and Chardan served as the exclusive agent for this round of financing.

Binance: ERA Phase 1 Airdrop Claim Threshold is 224 Alpha Points

Odaily Planet Daily News According to the official announcement, eligible users can use Binance Alpha points to claim 150 ERA token airdrops after the launch begins. This airdrop will be distributed in two phases:
Phase 1 (first 18 hours): Users holding at least 224 Alpha points can claim;
Phase 2 (next 6 hours): Users holding at least 140 Alpha points can participate, first come first served, until the airdrop pool is exhausted or the event ends. 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 considered as forfeiting the airdrop.

Jump Crypto May Sell Over $40 Million in ETH, Its ETH Originates from Wormhole Incident Recovered Assets

Odaily Planet Daily News According to Yu Jin monitoring, Jump Crypto exchanged 11,802 stETH (approximately $40.5 million) for ETH within one hour and transferred it to address 0xf58, with some funds already flowing to exchanges. This batch of ETH originates from the Wormhole stolen assets "black returned" by Jump and Oasis in February 2023. Initially, 120,000 ETH were recovered, and approximately 28,000 are still held.

Trader Eugene Has Gradually Taken Profits on ETH, Says Current Market Trend Has Met Expectations, Previously Bet on a Breakout This Week

Odaily Planet Daily News Trader Eugene posted in the community that he has started to trigger a series of ETH ladder sell orders he set during this fierce rally in Ethereum. He said the current market trend has reached the expected level of aggressiveness.
Previous news, trader Eugene bet on a market breakout this week on July 7, stating at the time that he had re-entered long positions on ETH, and ETH was the clearest bet at the moment.

Project News

Plasma Officially Launches XPL Public Sale, Token Economics Model Announced

Odaily Planet Daily News Stablecoin Layer 2 network Plasma officially announced that its token XPL public sale has started and will last until 9:00 AM Eastern Time on July 28. In addition, the token economics model of XPL has been announced, with a total supply of 10 billion, and the specific allocation plan is as follows.
1、Public sale allocation 10%, XPL for non-US purchasers will be fully unlocked when the Plasma public mainnet beta is launched; XPL for US purchasers will be locked for 12 months and fully unlocked on July 28, 2026.
2、Ecosystem and growth allocation 40%, of which 8% will be immediately unlocked at the mainnet beta launch, 32% will be unlocked proportionally monthly over three years after the mainnet beta launch.
3、Team allocation 25%, of which 1/3 will be unlocked one year after the public launch of the mainnet beta, and the remaining 2/3 will be unlocked proportionally monthly over the next two years.
4、Investor allocation 25%, with the same unlock schedule as the team.

Sonic to Launch AI-driven Development Platform Spark, Allowing Users to Build and Deploy Full-stack Decentralized Applications Without Programming

Odaily Planet Daily News According to the official announcement, Sonic announced the launch of 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 Google's Gemini large language model and features key functions such as no-code full-stack building, self-debugging, built-in security logic, and context-aware interfaces. 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 Circulating Supply

Odaily Planet Daily News Infra released data showing that as of July 2025, Raydium has invested a total of $190.4 million USDC to repurchase RAY, with a cumulative repurchase quantity of 69.1 million, accounting for 25% of its circulating supply.

Yala Releases Token Economics: Total Supply of 1 Billion, 3.4% Allocated to Airdrops

Odaily Planet Daily News Yala announced that the YALA token has been launched and disclosed its token economics, with a total supply of 1 billion (fixed), and the specific allocation includes:
Investors (15.98%), 1-year lock-up, then 18-month quarterly vesting;
Ecosystem and community (20%), 45% unlocked at TGE, the remaining 55% linearly released over 24 months;
Foundation and treasury (29.12%), 30% unlocked at TGE, 1-year lock-up, then 36-month linear vesting;
Marketing (10%), 20% unlocked at TGE, 1-year lock-up, then 24-month linear vesting;
Team (20%), 1-year lock-up, then 24-month linear monthly vesting;
Airdrop (3.4%), one-time distribution to early adopters, testnet and mainnet participants, and users who have made meaningful contributions to Yala and the Yeti Footprints program, fully unlocked at TGE;
Market makers (1.5%), vesting schedule negotiated in the market-making agreement.

Investment and Financing

Sources: B2C 2 Plans to Raise Up to $200 Million, Will Reduce SBI Holdings' Stake

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 will be used to reduce the stake of its major shareholder SBI Holdings. B2C 2 is currently 90% owned by Japan's SBI Holdings. (CoinDesk)

Tokenized Money Market Fund Platform Spiko Completes $22 Million Series A Financing, Led by Index Ventures

Odaily Planet Daily News Tokenized money market fund platform Spiko announced the completion of a $22 million Series A financing, 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 cash interest through tokenized money market funds, narrowing the cash yield gap between Europe and the US, and expects assets under management to reach $1 billion by the end of this year. (The Block)

Decentralized Messaging Protocol XMTP Completes $20 Million Series B Financing, Led by a16z crypto

Odaily Planet Daily News Decentralized messaging protocol XMTP development company Ephemera completed a $20 million Series B financing, jointly 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, Ephemera's equity valuation is $300 million, while the broader XMTP protocol network valuation, which includes the issuance of tokens, is $750 million.
The XMTP protocol has been integrated into Coinbase's newly launched Base app, upgraded from an optional feature to core infrastructure. The protocol provides end-to-end encrypted communication services, supporting secure interactions between wallet addresses, and the testnet went live in February this year. Ephemera said it will expand its team to promote the mainnet launch of the protocol and ecosystem construction. USV partner Fred Wilson will join its board. (The Block)

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

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

Thai Listed Company DV 8 Completes 241 Million Baht Financing, Transforms into Cryptocurrency Reserve Company

Odaily Planet Daily News Thai listed company DV 8 completed a 241 million baht (approximately $7.4 million) financing, transforming into Southeast Asia's first cryptocurrency reserve company. DV 8, inspired by MicroStrategy's success in enhancing shareholder value (cryptocurrency per share) by converting financing into cryptocurrency reserves, plans to establish a Bitcoin treasury.

Web3 Smart Layer W 3.io Completes $7 Million Seed Financing, Led by Blockchange Ventures

Odaily Planet Daily News Web3 smart layer W 3.io announced the completion of a $7 million seed financing, led by Blockchange Ventures, with participation from Framework Ventures, Arrington Capital, and other institutions.
The alliance is building the programmable smart automation network Prodigy Network, aiming to lower the threshold for enterprises to use blockchain technology. W 3.io CEO said the project is committed to developing plug-and-play commercial solutions, covering scenarios such as global micropayments and mortgage loans. (Globenewswire)

BTC Digital Shifts Strategy to Ethereum, No Longer Holds Bitcoin, and Completes $6 Million Financing

Odaily Planet Daily News Nasdaq-listed company BTC Digital Ltd. (ticker: BTCT) announced a shift in core asset strategy from Bitcoin to Ethereum and completed $6 million in financing. The company has made its first ETH position of $1 million and will convert all existing and new BTC assets to ETH, aiming to achieve Ethereum reserves at the tens of millions of dollars level by the end of the year.
CEO Peng Siguang stated that Ethereum has become the preferred platform for decentralized finance, real-world asset tokenization, and scalable smart contracts. BTCT will launch an ETH staking program, expand the asset pool through yield reinvestment, and participate in DeFi, RWA, and stablecoin projects, transforming into a digital asset operator with productive assets at its core.
BTCT was previously mainly engaged in mining, with businesses covering mine construction, mining pool, and data center operations, and will focus on ETH staking, liquidity pools, stablecoin reserves, and cross-chain settlement infrastructure in the future. (Investing)

Stablecoin Payment Service Platform Kun KUN Completes Series A Financing, with Participation from BAI Capital, Total Financing Exceeds $50 Million

Odaily Planet Daily News Stablecoin payment service platform Kun KUN completed Series A financing, with participation from BAI Capital, GSR Ventures, a Hong Kong-listed company, and Eternium Global, with total cumulative financing exceeding $50 million.
Kun KUN is an innovative technology company focused on stablecoin payments and financial services, based in Hong Kong, with licensing and compliance systems in Singapore and Europe, serving emerging markets such as the Greater Bay Area, Southeast Asia, the Middle East, Africa, and Latin America. Kun KUN has established three business lines: payments, asset management, and card issuance, covering various products such as corporate accounts, asset management services, fiat on-ramp/off-ramp, and card issuance services.

Regulatory Policies

EU Plans to Add New Tariffs on US Services and Export Controls as Retaliation After Trade Talks Collapse

Odaily Planet Daily News According to the Financial Times, two officials familiar with the negotiations said that if trade talks with the US collapse, the EU is preparing a list of potential tariffs on US services and export control measures as one of the possible retaliatory measures. The European Commission is drafting this list of measures in response to Trump's tariff policies, which still needs to be submitted to EU member states. In addition, EU member states are already discussing a retaliation proposal targeting $72 billion in annual US imports (including tariffs on Boeing aircraft, cars, and bourbon whiskey), and the newly drafted list will further supplement this.

Thai SEC and Bank of Thailand Collaborate to Launch Sandbox Program, Allowing Foreign Tourists to Exchange Digital Assets for Thai Baht

Odaily Planet Daily News The Thai Securities and Exchange Commission (SEC) and the Bank of Thailand have collaborated to launch a sandbox program that allows foreign tourists to exchange digital assets for Thai baht for spending. 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)

Voices

US SEC Chairman: I Support the Merger of the US SEC and CFTC

Odaily Planet Daily News US SEC Chairman: I support the merger of the US SEC and the Commodity Futures Trading Commission (CFTC). The SEC and CFTC must remain coordinated. (Jin Shi)

Wintermute Founder: Wintermute's OTC Platform Has Almost No ETH Left to Sell

Odaily Planet Daily News Wintermute founder and CEO Evgeny Gaevoy posted on X that Wintermute's OTC trading platform has almost no ETH left to sell.