24H Hot Cryptocurrencies & News | Trump signs GENIUS Act; White House to release first crypto policy report on July 22 (July 21)

1、CEX Hot Coins

CEX Top 10 Trading Volume & 24H Change:

• BTC：- 0.48%

• ETH： 4.36%

• XRP： 0.47%

• SOL： 1.25%

• DOGE： 8.53%

• BNB： 2.69%

• ADA： 2.74%
  

• LTC： 4.82%

• PEPE： 1.91%
  

• CFX： 113.96%

24H Top Gainers (Data Source: OKX):

• CFX： 113.96%

• OM： 48.01%
  

• SPK： 20.01%

• ACH： 18.68%

• AR： 18.25%
  

• BANANA： 16.20%

• BLUR： 14.56%

• IOST： 14.13%

• G： 13.83%

• ZKJ： 11.69%

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

• Dege

• TRUMP

• Fartcoin

• PUMP

• baby grok

3. 24H Trending Coins

• CFX：Possibly influenced by the news of Conflux's plan to participate in the pilot of RMB stablecoin issuance, CFX has surged over 100% in 24 hours.

Headlines

Trump Signs GENIUS Act, Marking the First Federal Regulatory Framework for Stablecoins in the U.S.

U.S. President Trump has officially signed the "Guidance and Establishment of the National Innovation for Stablecoins Act" (GENIUS Act), marking the first federal regulation related to crypto assets. The act requires stablecoins to be 100% backed by U.S. dollars or equivalent liquid assets, imposes annual audits on issuers with a market cap exceeding $50 billion, and provides regulatory guidance for foreign issuers. Executives from Circle, Tether, and Coinbase attended the signing ceremony, with Trump stating this move will "establish U.S. dominance in global finance and crypto technology."

White House to Release First Crypto Policy Report on July 22

In accordance with Executive Order 14178, the White House will release its first crypto policy report on July 22 this week. (Cointelegraph)

Ethereum Launches The Torch NFT to Celebrate Its 10th Anniversary, Open for Minting on July 30

Ethereum announced on platform X the launch of "The Torch" NFT, honoring those who shaped its development in the first decade and supporting its future construction. The Torch NFT will symbolically pass between wallets and be destroyed to commemorate Ethereum's 10th anniversary. Additionally, everyone can mint a commemorative NFT on July 30.

Binance Alpha Lists UPTOP, Users with at Least 180 Alpha Points Eligible for Airdrop

Binance announced that UPTOP is now listed on the Alpha platform. Users holding at least 180 Alpha points can claim 1,500 UPTOP tokens on a first-come, first-served basis. The airdrop will close when the quota is exhausted or the event ends. Claiming will deduct 15 points, and users must confirm within 24 hours or forfeit. Binance will also launch a UPTOP trading competition with a total prize pool of 10 million UPTOP.

Industry News

Xinhua Comments on U.S. GENIUS Act: Dollar Credibility and International Responsibility Will Affect Global Acceptance, Merely Changing Forms Is Insufficient to Consolidate Dollar and Stablecoin Influence

Trump officially signed the "Guidance and Establishment of the National Innovation for Stablecoins Act" (GENIUS Act) at the White House, marking the first U.S. stablecoin regulatory framework. Trump stated that stablecoins help increase demand for U.S. Treasury bonds, lower interest rates, and consolidate the dollar's global reserve currency status. He reiterated that "a central bank digital currency will never be allowed in the U.S."

The GENIUS Act requires stablecoins to be backed by U.S. dollars or liquid assets like U.S. short-term Treasury bonds, with issuers disclosing reserve details monthly. Currently, the two largest stablecoins, USDT and USDC, account for nearly 90% of the market. The stablecoin market is valued at approximately $247 billion, with U.S. Treasury Secretary Besant projecting growth to $3.7 trillion by 2030.

Experts note that the U.S. push for stablecoins aims to leverage the dollar's existing advantages to maintain its dominance in global currency and payment systems, with some viewing it as potentially easing U.S. debt pressure. However, some Democratic lawmakers criticize the act for insufficient consumer and financial stability protections and point to Trump family ties to crypto. Some Republican lawmakers also see conflicts with Trump's prior executive order banning central bank digital currencies. (CCTV News)

CITIC Securities: U.S. Stablecoin Act Passed, Loose Regulation Benefits Market Expansion

CITIC Securities reported that on July 17 EST, the U.S. Congress passed the GENIUS Act, marking the first federal stablecoin regulatory framework. The rapid prioritization of crypto legislation post-act passage and Trump's personal push for Republican consensus highlight crypto's priority in U.S. policy. The House retained the Senate's relatively loose federal-state regulatory framework. With GENIUS Act details forthcoming, U.S. financial and tech giants may accelerate entry, expanding stablecoin issuance and applications, potentially leading to sustained market growth. (Securities Times)

Zheshang Securities: RWA Poses Regulatory Challenges, May Temporarily Expand Dollar Credit

Zheshang Securities reported that RWA's macro impact lies in creating a "global capital market" on blockchain, accelerating decentralized finance's replacement of traditional finance, possibly temporarily expanding dollar credit. RWA, stablecoins, and DeFi (smart contracts) mirror traditional finance's investment targets, fiat, and intermediaries on blockchain, forming a new financial loop. Long-term, RWA's on-chain mechanism poses potential challenges to traditional financial institutions like banks, brokers, insurers, and exchanges. (Jin10)

U.K. Treasury Considers Selling Over £5 Billion in Bitcoin Assets to Address Fiscal Gap

U.K. Chancellor Rachel Reeves is considering selling Bitcoin assets seized by police to address public finance gaps. Valued over £5 billion, these include 61,000 Bitcoin seized from a Chinese Ponzi scheme in 2018, now worth about 20 times more. The Home Office is advancing a "Crypto Asset Custody and Disposal Framework" to manage and sell such assets uniformly. The project is in the bidding phase, with a £40 million commission cap.

Project News

PUMP Project Affiliated Address Deposits 2 Billion PUMP to Binance Four Days Ago

On-chain analyst Ai Yi reported an address received 12.5 billion PUMP from the project, with about 2.5 billion allocated to Wintermute for market making, 8 billion deposited to Bybit, and 2 billion deposited to Binance four days ago, worth approximately $12.75 million at current prices.

Ether.fi to Enter HyperLiquid Ecosystem, Launch beHYPE Staking Token

Ether.fi announced its entry into the HyperLiquid ecosystem, partnering with DeFi protocol HyperBeat to launch liquid staking token beHYPE. Initially, a multi-signature secured pre-deposit vault preHYPE will open, allowing early deposits for rewards and HyperBeat incentive points "hearts." The vault will transition to full smart contract control within six weeks. HyperEVM's total locked value has exceeded $2 billion.

WLFI Spends $200,000 on BANK, TAG, EGL1, LIBERTY, B

Onchain Lens reported Trump family crypto project World Liberty Finance address 0x a713 spent $200,000 on five tokens: 636,683 BANK, 72.92 million TAG, 396,371 EGL1, 409,387 LIBERTY, and 78,922 B, with $40,000 spent on each.

dYdX Acquires Crypto Social Trading Platform Pocket Protector, First External Acquisition

Decentralized derivatives exchange dYdX completed its first external acquisition, buying crypto social trading platform Pocket Protector for an undisclosed cash-DYDX token combination. Pocket Protector's two co-founders will join dYdX as president and growth lead, with its Telegram trading bot (including copy trading) and nine-person tech team merging into dYdX. Founded last year, Pocket Protector raised $7 million from investors like Electric Capital and Dragonfly.

Voices

Vitalik: About 50% of Votes Support Raising Ethereum L1 Gas Limit to 45 Million

Ethereum co-founder Vitalik posted on X, "Almost exactly 50% of stakers voted to raise L1's Gas limit to 45 million. The Gas limit has started increasing and is now 37.3 million."

Yi Lihua: After BTC, ETH Rise, It's Time for Other 'Strong' Altcoins; Investing Right Could Outperform the Market

LD Capital founder Yi Lihua posted, "In crypto bull markets, there's a rotation: BTC and ETH peak first, then mid-cap coins like XRP, LTC, UNI, followed by strong altcoins. Investing right in some could outperform the market."

Mastercard Executive: GENIUS Act Marks 'Turning Point' for Stablecoin Adoption

Mastercard Global Policy Head Jesse McWaters said the GENIUS Act marks a "turning point" for stablecoin mainstream adoption, potentially driving institutional entry and compliant stablecoin development. He called it a "new era of regulatory clarity and digital asset confidence," allowing regulated entities to issue dollar-backed stablecoins. Institutions like JPMorgan, Citi, Bank of America, Amazon, and Apple are advancing plans. McWaters added, "Mastercard has long prepared for this moment." (DLNews)

Tether CEO: To Push USDT Compliance in U.S.

Post-GENIUS Act signing, Tether CEO Paolo Ardoino stated plans to push USDT into the U.S. via the act's "foreign issuer channel" and launch a domestic dollar stablecoin. Despite never completing a full audit, Tether commits to compliance within three years.