24H Hot Coins & News | White House Crypto Policy Report Expected by End of Month; pump.fun Airdrop Possibly on July 24 (July 22)

1、CEX Hot Coins

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

BTC: 0.03%

ETH: 0.24%

SOL: 10.47%

XRP: 2.21%

DOGE: 1.18%

BNB: 1.42%

ADA: 4.22%

PENGU: 22.58%

ENA: 0.97%

SUI: 1.44%

24H Top Gainers (Data Source: OKX):

SPK: 56.03%

ZBCN: 48.01%

UMA: 29.10%

PENGU: 22.58%

MOOENG: 18.10%

DUCK: 17.77%

LOOKS: 17.42%

UXLINK: 16.19%

RAY: 16.14%

MERL: 15.41%

2. 24H Trending Coins

PENGU: PENGU market cap surpasses TRUMP, becoming the second largest Meme coin on Solana;

SPK: First phase collaboration project for Cookie Snaps event.

Headlines

White House's First Crypto Policy Report Expected to Be Released to the Public by End of This Month

According to crypto journalist Eleanor Terrett, the White House's first crypto policy report will be officially submitted on July 22 (local time) and is expected to be released to the public by the end of this month. White House officials have confirmed the schedule.

Market News: pump.fun May Distribute PUMP Airdrop on July 24

Crypto-related account Downsin Jerome (@DeFiDownsin) posted on X platform that Pump.fun co-founder Alon announced the Pump airdrop will be distributed at 23:00 on July 24, 2025 (UTC+8). Alon responded to the post with an image but did not make any statement about the airdrop.

FTX Requests Extension to Respond Due to Creditor Opposition to Freezing $470 Million Overseas Claims

FTX's liquidation team has submitted an extension request to the Delaware court, seeking more time to respond to over 90 creditor objections against its plan to freeze $470 million in cross-border payments. The plan lists 49 jurisdictions, including China, as "restricted regions," suspending compensation payments to related creditors. FTX stated that this move aims to avoid potential legal risks, especially criminal liabilities that executives might face. Currently, Chinese creditors account for 82% of the claims (approximately $380 million). However, the plan has faced strong opposition, with Chinese creditor representative Weiwei Ji stating that hundreds of investors have been organized for collective rights protection, and another creditor Sunil Kavuri revealed that about $1.4 billion in claims remain unresolved. A related hearing will be held this Tuesday. (Cointelegraph)

Justin Sun to Board Blue Origin Spacecraft, Becoming the Youngest Chinese Astronaut in History

According to a July 21 announcement by U.S. commercial space company Blue Origin, TRON founder Justin Sun will realize his space dream by boarding the Blue Origin "New Shepard" rocket, making him the youngest Chinese commercial astronaut in history. Sun has stated that flying to space has been his childhood dream. This flight not only fulfills his personal dream but also makes Sun the first Chinese entrepreneur to bring the pioneering spirit of the blockchain industry into space.

Industry News

Volcon Makes First Purchase of 280.14 BTC, Completes Over $500 Million Private Financing for Bitcoin Acquisition

According to NLNico, U.S. listed electric vehicle company Volcon announced its first purchase of 280.14 BTC and has completed over $500 million in private financing to support its Bitcoin acquisition plan. The company previously reached agreements with several institutions and qualified investors to privately issue 50,142,851 shares of common stock at $10 per share, expecting to raise over $500 million after deducting fees. The financing was led by Empery, with participation from crypto venture capital firms and traditional financial institutions including FalconX, Pantera, Borderless, RK Capital, and Relayer Capital. Volcon has previously announced a Bitcoin financial strategy, incorporating it into the company's reserve asset allocation.

Bit Origin Spends Approximately $10 Million to Purchase 40.54 Million DOGE, Establishing Corporate Dogecoin Vault

Nasdaq-listed Bit Origin (stock code: BTOG) announced the completion of its first Dogecoin purchase, totaling 40,543,745 DOGE, with an average purchase price of approximately $0.2466, totaling about $10 million. This purchase comes less than a week after announcing the establishment of a corporate-level DOGE vault. Bit Origin stated that it has secured up to $500 million in equity and debt financing to advance its Dogecoin vault strategy. The company believes the current market environment is favorable for Dogecoin's evolution towards decentralized finance and notes that DOGE has good liquidity and recognition globally.

Strategy Plans to Issue 5 Million STRC Shares to Raise Funds for Bitcoin Acquisition

According to an official announcement, Strategy (Nasdaq codes: MSTR, STRK, STRF, STRD) announced plans for its first public offering of 5 million variable-rate Series A perpetual preferred shares (STRC stock). The company stated that the funds raised will be used for general corporate purposes, particularly Bitcoin acquisition and working capital.

Swedish Listed Company H100 Group Increases BTC Holdings by 140.25, Total Holdings Rise to 510.28

According to official news, Swedish listed company H100 Group announced an increase in its BTC holdings by 140.25, bringing the total to 510.28.

U.S. Listed Company DeFi Development Corp Increases SOL Holdings by 141,383, Total Holdings Near 1 Million

According to an official announcement, U.S. listed company DeFi Development Corp today announced another increase in its SOL holdings by 141,383, bringing the total to 999,999, approximately $192 million.

Trump Media & Technology Group (DJT.O) Announces Bitcoin Reserve Purchases Total $2 Billion

Trump Media & Technology Group (DJT.O) announced that its Bitcoin reserve purchases have reached $2 billion. The group plans to continue acquiring Bitcoin and related assets and will convert options into spot Bitcoin. Additionally, its current Bitcoin assets account for about two-thirds of the company's approximately $3 billion in liquid assets. (Jin Shi)

Project News

Polymarket Acquires Trading Platform to Return to U.S. Market

Polymarket has acquired a trading platform to return to the U.S. market. (Zoomer)

Ethena Labs Announces $360 Million PIPE Transaction for StablecoinX, to Establish ENA Treasury Company

According to official news, Ethena Labs announced a $360 million PIPE transaction for StablecoinX, while its foundation has launched a $260 million ENA open market repurchase plan to support the establishment of ENA reserves. Additionally, StablecoinX will seek to list on Nasdaq under the ticker "USDE".

Investment & Financing

Bittensor Ecosystem Company xTAO to List in Canada, Receives $22.8 Million Investment from DCG and Others

Bittensor ecosystem company xTAO announced it will list on the Canadian TSX Venture Exchange (TSXV) on July 23 under the ticker XTAO.U. The company previously completed a $22.8 million financing round with investors including Digital Currency Group, Animoca Brands, Arca, Borderless Capital, and FalconX. xTAO stated that it is committed to advancing the Bittensor network, focusing on building core products such as data, computing power, and machine learning models, and connecting users and enterprises through validator nodes. Company founder Karia Samaroo previously founded WonderFi and served as CEO before the platform was acquired by Robinhood for $180 million.

People & Voices

Robinhood CEO Responds to OpenAI Tokenized Stock Controversy, Vows to Continue and Expand Business

Robinhood CEO Vlad Tenev recently responded to the controversy over the company's launch of OpenAI tokenized stock, stating that it will firmly continue and expand the business.
Previously, OpenAI publicly opposed the tokenized product, stating it did not authorize Robinhood to use its name, and the U.S. SEC warned that tokenized securities still need to comply with federal securities laws. In response, Tenev said: "Becoming the first platform to tokenize these excellent companies is an important milestone. Whenever you pioneer something meaningful, there will always be some controversy." He also revealed plans to expand the model to thousands of private companies and integrate with the DeFi market.

U.S. Treasury Secretary Besant: If Inflation Data Is Low, Interest Rates Should Be Lowered

U.S. Treasury Secretary Besant stated that if inflation data is low, interest rates should be lowered. (Jin Shi)

QCP Capital: Ethereum Performance Triggers Altcoin Season, Institutions Dominating This Rally

QCP Capital stated in its July 21 market weekly report that multiple altcoin season indicators have broken through 50, reaching the highest level since last December, coupled with ETH perpetual contract open interest surging from $18 billion to $28 billion within a week, marking the possible official start of the altcoin season.

QCP pointed out that institutional investors are the dominant force in this cycle, benefiting from the clarity of the stablecoin regulatory framework brought by the GENIUS Act, with corporate treasuries beginning to accumulate ETH, SOL, XRP, and ADA Layer 1 public chain tokens, similar to BTC's role in Strategy and Metaplanet's financial configurations. If ETH secures SEC approval for its staking spot ETF in the coming months, it may attract funds from BTC ETFs to ETH, further unleashing profit potential. In fact, last week, ETH spot ETF daily net inflows surpassed BTC for two consecutive days, showing a surge in institutional interest in ETH, with BlackRock also expressing confidence in its staking ETH ETF. Additionally, the ETH options market saw active bullish spread trading, with significant volume in September and December expiry bullish spread positions, highlighting market optimism for the fourth quarter.

Analyst: Current Bull Cycle Led by Institutions, Whether It Benefits Altcoins Remains Uncertain

Presto Research analyst Min Jung stated that Bitcoin continues to hover near all-time highs supported by sustained institutional demand (especially from crypto asset management companies), with ETH prices also benefiting from institutional investors' push. More listed companies are beginning to include ETH in corporate treasuries, showing early signs of an altcoin season, but whether this strong momentum will extend to the broader altcoin market remains uncertain. (The Block)