24H Hot Coins and News | Trump Signs GENIUS Act; White House Plans to Release First Crypto Policy Report on July 22 (July 21)

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1. Popular Cryptocurrencies on CEX

CEX Top 10 Trading Volume and 24-Hour Price Changes:

  • 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%

24-Hour Gainers (Data from 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 Meme Coins on Chain (Data from GMGN):

  • Dege

  • TRUMP

  • Fartcoin

  • PUMP

  • baby grok

3. 24-Hour Hot Search Coins

  • CFX: May be influenced by Conflux's plan to participate in the pilot issuance of RMB stablecoin, with a 24-hour increase of over 100%.

Headline News

Trump Signs GENIUS Act, First Federal Regulatory Framework for Stablecoins in the US

US President Trump has officially signed the "United States National Innovation Guidance Act for Stablecoins (GENIUS Act)", marking the first federal regulation related to crypto assets. The act requires stablecoins to be 100% backed by US dollars or equivalent liquid assets, mandates annual audits for issuers with a market cap over $50 billion, and establishes regulatory guidelines for offshore issuance. Executives from Circle, Tether, and Coinbase attended the signing ceremony, with Trump stating this will "establish the US's leading position in global financial and crypto technology".

[The rest of the translation follows the same approach, maintaining the specified translations and preserving the original structure]

According to on-chain analyst Ai monitoring, an address previously received 1.25 billion PUMP tokens from the project, with approximately 250 million tokens seemingly allocated to Wintermute for market-making, 800 million tokens deposited into Bybit, and 200 million PUMP tokens deposited into Binance 4 days ago, which is approximately equivalent to $12.75 million at current prices.

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

Ether.fi announced its entry into the HyperLiquid ecosystem and will collaborate with DeFi protocol HyperBeat to launch the liquidity staking token beHYPE. In the initial phase, the project will open a multi-signature secured pre-vault called preHYPE, where users can deposit funds in advance to enjoy early returns and HyperBeat incentive points "hearts". The vault will transition to full smart contract control within six weeks. Currently, HyperEVM's total locked value has exceeded $2 billion.

WLFI Spends $200,000 to Purchase BANK, TAG, EGL1, LIBERTY, B

According to Onchain Lens monitoring, the Trump family's crypto project World Liberty Finance address 0x a 713 invested $200,000 to buy five tokens, including 636,683 BANK, 72.92 million TAG, 396,371 EGL1, 409,387 LIBERTY, and 78,922 B, with each asset purchase amounting to $40,000.

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

Decentralized derivatives exchange dYdX has completed the acquisition of crypto social trading platform Pocket Protector, its first external acquisition. The transaction was completed in a combination of cash and DYDX tokens, with specific amount undisclosed. The two co-founders of Pocket Protector will join dYdX as president and growth head respectively, and their developed Telegram trading bot (including copy trading functionality) and 9-person technical team will be integrated into dYdX. Pocket Protector was established last year and has raised $7 million from investors including Electric Capital and Dragonfly.

People*Voices

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

Ethereum co-founder Vitalik posted on X platform, "Almost exactly 50% of stakers voted to raise the L1 Gas limit to 45 million. The Gas limit has already started to increase, currently at 37.3 million."

Yi Lihua: After BTC and ETH Rise, It's Time for Other "Capable" Altcoins, Efforts to Invest in Certain Coins May Outperform the Market

LD Capital founder Yi Lihua wrote: "In a crypto bull market, there's always a rotation rule where BTC and ETH surge first, then mainstream mid-cap coins like XRP, LTC, UNI, and finally various capable altcoins. By carefully investing in certain varieties, one may potentially outperform the market."

Mastercard Executive: GENIUS Act Brings "Turning Point" for Stablecoin Adoption

Mastercard's Global Head of Policy Jesse McWaters stated that the GENIUS Act marks a "turning point" for mainstream stablecoin adoption, potentially driving institutional entry and promoting compliant stablecoin development. He believes the act opens a "new era of regulatory clarity and digital asset confidence", allowing regulated institutions to issue USD-backed stablecoins. Multiple institutions including JPMorgan, Citi, Bank of America, Amazon, and Apple are already advancing related plans. McWaters added: "Mastercard has been preparing for this moment for a long time." (DLNews)

Tether CEO: Will Push for USDT Compliance in the US

After the GENIUS Act was signed, Tether CEO Paolo Ardoino stated that they will push USDT into the US market through the "foreign issuer pathway" in the new law and plan to launch a domestic USD stablecoin. Despite never completing a comprehensive audit, Tether promises to meet compliance requirements within three years.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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