Today
2025/07/16

ETH Surges Past $3,300, Whale Suffers $8.44M Loss from Liquidated Short Position

Gate News bot message, ETH price achieved a significant milestone by surpassing $3,300. A prominent trader identified as Whale 0x2258 experienced substantial losses amounting to $8.44 million within a single day after closing all ETH short positions prior to liquidation. Previously, Lookonchain repo
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ETH breaks through 3350 USDT

Gate News bot message, Gate market shows, ETH breaks 3350 USDT, current price 3350.49 USDT.
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Korean Exchanges Accumulate Significant PENGU Holdings Worth $96.73M

Gate News bot message, three wallets associated with Korean cryptocurrency exchanges have acquired substantial positions in PENGU tokens. Over the past week, these wallets accumulated 945 million PENGU tokens, valued at $32 million. The three wallets now hold a combined total of 2.92 billion PENGU
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Fed Beige Book: Economic outlook is neutral to slightly pessimistic

Odaily News Fed Beige Book: From late May to early July, economic activity saw a slight rise. The economic outlook is neutral to slightly pessimistic, with only two regions expecting economic activity to rise, while other regions anticipate economic activity to remain flat or slightly weaken. (Jin10)
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ETH breaks through 3300 USDT

Gate News bot message, Gate market shows, ETH breaks 3300 USDT, current price 3302.6 USDT.
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The world freedom encryption token launched by Trump will be open for trading.

According to Gate News bot, foreign media reported that the crypto asset "Trump's World Liberty Token (TRUMP)" launched by Trump will open for trading soon. This token is the first crypto asset developed by former U.S. President Trump and his team. Token launch, relevant personnel from LLC revealed on platform X that "Trump's World Liberty Token" as a non-ERC-20 Token is planned to start presale on March 21, with each Token priced at 2 dollars, while setting the minimum and maximum investment amounts at 100 dollars and 25000 dollars respectively. Gate News bot message, According to media reports, the Crypto Assets
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The Commander-in-Chief of the Ukrainian Armed Forces stated that he has completed the first conversation with the new Supreme Allied Commander of NATO.

Jin10 reported on July 17 that the Commander-in-Chief of the Ukrainian Armed Forces, Zaluzhnyi, disclosed via social media that he has completed his first call with the new Supreme Allied Commander Europe, General Christopher Cavoli. Zaluzhnyi stated that during this call, both the U.S. and NATO made commitments to provide steadfast support for Ukraine. He specifically mentioned that following the recent announcement by U.S. President Trump and NATO Secretary General Jens Stoltenberg to provide a new batch of weapons to Ukraine, cooperation between Ukraine and NATO as well as the U.S. will enter a new phase in the coming months.
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The Genius Act and the Crypto Market Structure Act have been procedurally voted through in the House of Representatives.

According to ChainCatcher news and The Block report, the U.S. House of Representatives voted to advance the stablecoin GENIUS and the Crypto Assets market structure bill, which previously faced intense controversy in procedural voting.
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Putin: The relationship between Russia and the International Olympic Committee is gradually recovering.

Jin10 data July 17 news, on July 16 local time, Russian President Putin stated that the relationship between Russia and the International Olympic Committee is gradually recovering. On the same day, Putin inspected the Magnitogorsk Iron and Steel Works. When speaking with the employees of the plant, he said, "We still have many issues with the IOC... but it seems that the relationship with the IOC is gradually recovering."
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Trend Research Sells Additional ETH Worth $67M, Total Sales Reach $218.3M in 24 Hours

Gate News bot message, Trend Research (@Trend_Research_) has conducted another ETH sale of 21,000 ETH valued at $67 million. Within the past 24 hours, their total sales have reached 69,946 ETH, equivalent to $218.3 million. The organization retains 115,187 ETH in holdings, valued at $376.35 million
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NEWCOIN rose 1564.64% after launching Alpha, current price 0.0011121 USDT

Gate News bot message, Gate market shows that after the launch of Alpha, NEWCOIN has risen by 1564.64%, current price 0.0011121 USDT.
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House Speaker: The new leadership will be beneficial for the Fed.

Golden Finance reports that U.S. House Speaker Johnson: The new leadership will be beneficial for the Fed.
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Trump's World Liberty Acquires Additional ETH as Price Surpasses Average Cost

Gate News bot message, Trump's World Liberty (@worldlibertyfi) has expanded its Ethereum holdings through multiple purchases. Between November 29, 2024, and March 5, 2025, the entity acquired 66,275 ETH, valued at $214.9 million, with an average purchase price of $3,243. Following ETH's price movem
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Analyst: Powell is temporarily safe, Trump needs to have a legitimate reason but currently does not.

Golden Finance reports that Forexlive analysts state: Undoubtedly, the current situation is unpredictable and confusing. However, it seems that Powell is temporarily safe. Trump may have been informed that any action requires justifiable reasons, which are currently not present.
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Tether CEO: USDT market capitalization has risen 34 times compared to 2020

Odaily News Tether CEO Paolo Ardoino posted on X platform that the market capitalization of USDT has risen 34 times since 2020 (from USD 4.7 billion to USD 160 billion), on-chain transaction volume has increased 74 times (from USD 14.8 billion per month to USD 1.1 trillion per month), and the number of users has grown 160 times (from 2.8 million to 450 million).
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USEFUL rose 9566.15% after launching Alpha, current price 0.006172 USDT

Gate News bot message, Gate market shows that after the launch of Alpha, USEFUL has risen by 9566.15%, current price 0.006172 USDT.
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Trump States No Plans to Fire Fed Chair Powell

Gate News bot message, Former U.S. President Donald Trump responded with "not planning" when asked about whether he would fire Federal Reserve Chairman Jerome Powell, according to Bloomberg. This brief statement came amid discussions about potential changes in Federal Reserve leadership.
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Trump responds to the firing of Fed Chairman Powell: There are no plans, but he has always acted too late.

Odaily News The President of the United States, Trump, stated when asked whether he would fire Fed Chairman Powell that there are no plans, but he has been acting too late, Powell has performed poorly, and we will continue to face challenges. (Jin10)
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Trump's "firing Powell" has taken effect, with safe-haven funds pouring in to support gold prices.

Jin10 data reported on July 16 that news has emerged suggesting that Trump "might" fire Fed Chairman Powell. As a result of this news, gold continues to rise. Related reports are also putting pressure on the stock market, with the S&P 500 index falling by 0.4%. Clearly, the uncertainty surrounding whether Trump can fire the Fed Chairman has become a pressure point for the overall market, which is driving safe-haven funds into gold, providing support for gold prices.
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Trump's World Liberty Makes Large Ethereum Purchase with USDC

Gate News bot message, Trump's World Liberty (@worldlibertyfi) has executed a significant cryptocurrency transaction, purchasing 1,531 ETH at a price point of $3,266 per token, with a total expenditure of 5 million USDC. The transaction was completed approximately 30 minutes before the report.
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The sUSDe PT Token of Pendle, which expires on September 25, will soon sell out quickly after being launched on AAVE, with over 98% of the $200 million quota already subscribed.

BlockBeats news, on July 16, Pendle's sUSDe PT Token, which will expire on September 25, is about to sell out quickly after being listed on AAVE, with over 98% of the $200 million quota currently subscribed. Pendle PT (Principal Token) has become an important collateral in Decentralized Finance, with a current market capitalization of over $2.67 billion, and Aave holds over $2 billion of PT as collateral.
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Goldman Sachs CEO Solomon: There is a reasonable possibility of interest rate cuts once or twice.

Odaily News Goldman Sachs CEO Solomon stated, I believe there is a reasonable possibility of one or two interest rate cuts, but I am not certain. (Jin10)
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NEWCOIN rose 1220.76% after launching Alpha, current price 0.0008858 USDT

Gate News bot message, Gate market shows that since the launch of Alpha, NEWCOIN has risen 1220.76%, current price 0.0008858 USDT.
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White House Official Reports Potential Fed Chair Powell's Dismissal by Trump

Gate News bot message, according to Bloomberg, a White House official disclosed that President Trump is considering removing Jerome Powell from his position as Federal Reserve Chair. The source revealed this development amid ongoing tensions between the Trump administration and the Federal Reserve's
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Whale Trader 0x9626's $40.7M ETH Short Position Faces Liquidation Risk

Gate News bot message, a major crypto trader identified as 0x9626 has partially closed their leveraged short position on ETH. The trader still maintains a substantial short position of 12,500 ETH, valued at approximately $40.7 million, with 25x leverage. The position currently shows losses exceedin
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CBS: Lawmakers say Trump hinted he would fire Powell

According to a report by Golden Finance, CBS reported that U.S. President Trump asked Republican lawmakers whether he should fire Fed Chairman Powell. Lawmakers said Trump hinted that he would fire Fed Chairman Powell.
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The US dollar fell while non-US currencies pumped.

Jin10 data reported on July 16, the US Dollar Index DXY fell short-term by 25 points, currently at 98.57. Non-USD currencies rose broadly, with the Euro to US Dollar EUR/USD rising short-term by 40 points, the British Pound to US Dollar GBP/USD rising short-term by over 30 points, and the US Dollar to Japanese Yen USD/JPY falling short-term by more than 40 points.
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Ani pumped 271.11% after launching Alpha, current price 0.049398 USDT

Gate News bot message, Gate market shows that since the launch of Alpha, Ani has risen by 271.11%, current price 0.049398 USDT.
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Major Crypto Trader @AguilaTrades Flips Position: $475M BTC Long After Closing Short

Gate News bot message, the cryptocurrency trader known as "Mysterious Whale" @AguilaTrades has executed a significant position change in the Bitcoin market. After closing their Bitcoin (BTC) short position with 20x leverage, they have established a new 20x leveraged long position involving 4,000 BTC
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ETH breaks through 3250 USDT

Gate News bot message, Gate market shows that ETH has broken through 3250 USDT, current price is 3251.05 USDT.
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Bitcoin and Ethereum ETFs Record Significant Inflows with BlackRock Leading

Gate News bot message, 10 Bitcoin ETFs recorded a positive net inflow of 3,412 BTC ($404.18M) on July 16. Among them, iShares by BlackRock contributed the largest inflow of 3,566 BTC ($422.4M), bringing its total holdings to 720,954 BTC ($85.4B). Simultaneously, 9 Ethereum ETFs witnessed substantia
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A certain on-chain whale built a position of approximately 2.4 million GEN.

BlockBeats news, on July 16, according to GMGN data, a certain ai16z, ARC Whale built a position of about 2.4 million GEN tokens, and this whale previously made a profit of over 1.9 million USD in ai16z. The market capitalization of GEN Token has exceeded 15 million USD, rising more than 12% in 24 hours, with a trading volume of 1.1 million USD in 24 hours. BlockBeats
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rudi has pumped 421.55% after launching Alpha, current price 0.0137108 USDT

Gate News bot message, Gate market shows that since the launch of Alpha, rudi has risen by 421.55%, current price 0.0137108 USDT.
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USEFUL has pumped 6805.12% after launching Alpha, current price 0.004651 USDT

Gate News bot message, Gate market shows that since the launch of Alpha, USEFUL has risen by 6805.12%, current price 0.004651 USDT.
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Extraordinary Lingyue further acquired a total of 28.757 million shares of Li Ning Company, with a total cost of approximately 455 million HKD.

Jin10 data reported on July 16, the extraordinary leader (00933.HK) announced that from June 20, 2025, to July 16, 2025 (including both ends), the acquirer further acquired a total of 28.757 million shares of Li Ning Company through the Stock Exchange in the open market, with a total price of approximately 455 million HKD (excluding stamp duty and related expenses). The average price of the acquired shares was approximately 15.83 HKD.
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OpenAI will take a certain percentage of revenue from ChatGPT shopping sales.

Golden Finance reports, according to the Financial Times: OpenAI will take a certain percentage of revenue from ChatGPT shopping sales to increase its income. OpenAI plans to integrate the checkout system into ChatGPT.
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Tether Executes $2 Billion USDT Transaction

Gate News bot message, Tether has conducted a significant transaction involving 2 billion USDT approximately 20 minutes prior to this report. This movement of funds represents a notable transaction within the stablecoin ecosystem.
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Goldman Sachs CEO: Tokenization will bring some opportunities, especially in financing.

PANews July 16 news, according to Jin10 reports, Goldman Sachs CEO stated that tokenization will bring some opportunities, especially in terms of financing.
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"TRX version of Micro Strategy" SRM's intraday rise has expanded to 30%, officially renamed as Tron Inc.

On July 16, the stock price of SRM Entertainment rose by 30%, currently reported at $8.8. The company will be renamed Tron Inc in 2025, with the stock code changing to TRON, and it will go public through a reverse merger. TRON has staked all TRX to generate income.
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ETH broke through 3200 USDT

Gate News bot message, Gate market shows, ETH breaks 3200 USDT, current price 3203.07 USDT.
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Pudgy Penguins is suspected to launch a gaming handheld product.

Odaily News NFT project "胖企鹅" Pudgy Penguins posted on X platform, "Who needs one?" The accompanying image is a handheld gaming device with the Pudgy Penguins NFT Logo, suggesting a possible launch of a similar product.
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Mira Network launches AI verification service Mira Verify

Odaily News AI infrastructure Mira Network announced the launch of the AI verification service Mira Verify, aimed at addressing issues such as misinformation and zero accountability on the internet. Mira Verify supports the extraction of all factual claims from any content (regardless of whether it is AI-generated) and broadcasts these claims to the network, where each node hosts an AI model and independently verifies the claims to validate the content.
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ARK Invest sold over 225,000 shares of the ARK 21Shares Bitcoin ETF, netting $8.7 million.

Odaily News Cathie Wood's ARK Invest sold 225,742 shares of ARK 21Shares Bitcoin ETF (ARKB) on Tuesday. Based on ARKB's closing price of $38.70 on Tuesday, the sale netted $8.7 million, marking the largest single-day ARKB sale in ARK's history.
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Analysis: BTCS has been included in the Russell micro cap index, and Ethereum financial concept stocks continue to strengthen.

BTCS has been included in the Russell micro cap index and plans to raise 100 million USD to increase its ETH reserves, with its stock price rising over 100% in the past month. At the same time, other companies increasing their ETH reserves, such as SharpLink Gaming and GameSquare, have also performed strongly.
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"Trump Coin" is about to be unlocked: it will test market demand and increase Trump's wealth.

Trump meme coin is about to be unlocked, which will test the demand in the crypto market, and is expected to increase Trump's net worth by nearly $100 million. After unlocking, 90 million tokens will be worth nearly $930 million, with a circulating supply increase of 45%.
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The US June PPI remained flat, easing Fed's hawkish pressure, while the dollar maintained a volatile trend.

On July 16, Jin10 reported that the U.S. Producer Price Index for June remained flat, easing some of the hawkish pressure on the Fed from yesterday's Consumer Price Index report, leading to a volatile movement in the dollar. Forecast analysts will combine these two inflation indicators to estimate the Personal Consumption Expenditures Price Index favored by the Fed, which will be released later this month. Currently, there are only a few preliminary signs that tariffs are putting pressure on the prices of certain goods, while the aforementioned data suggests that PCE may soften. Uncertainty may lead the Fed to maintain its current policy for a longer time, which could support the dollar.
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Wade Bush: Wall Street has underestimated the potential rise driven by artificial intelligence.

Jin10 data reported on July 16, analysts at Wedbush Securities stated in a research report that as favorable information in the semiconductor, software, and both enterprise and consumer sectors continues to strengthen, Wall Street has underestimated the potential rise driven by artificial intelligence. The analysts said, "We expect a very strong second quarter earnings season for tech stocks in the coming weeks, which will further confirm our bullish view — led by the large tech giants." They believe that leading companies such as NVIDIA, Microsoft, and Meta are ready for significant pumps after withstanding tariffs and geopolitical headwinds, having experienced relatively strong months.
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Japanese上市公司Agile Media Network increased its holdings by 0.56 BTC and may purchase up to $6.72 million worth of BTC before September.

Japanese listed company Agile Media Network Inc purchased 0.56 BTC for 10 million yen, with a total reserve of 1.28 BTC. The company plans to buy up to 100 million yen in BTC before 2025 and up to 500 million yen in BTC before 2029.
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Liquid Collective launches Solana liquid staking Token LsSOL for institutional investors

Odaily News Liquid Collective, an enterprise-level liquid staking platform, has launched the institution-focused liquid staking token Liquid Staked SOL (LsSOL) based on Solana, aimed at meeting the needs of institutional and exchange-traded product (ETP) providers, as spot Solana exchange-traded funds (ETFs) may receive federal government approval in the coming months. (The
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NEWCOIN rose 1101.21% after launching Alpha, current price 0.0008056 USDT

Gate News bot message, Gate market shows that after the launch of Alpha, NEWCOIN has pumped 1101.21%, current price 0.0008056 USDT.
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SRM Entertainment has completed the company name change to Tron Inc., and the stock token will be updated to TRON.

Odaily News SRM Entertainment, a Nasdaq-listed company, announced that its name has been changed to Tron Inc. The company will also change its stock ticker to "TRON" on the Nasdaq Capital Market effective July 17, 2025. The CUSIP number 85237B101 will remain unchanged after the name and ticker change. (Globenewswire)
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Trump Media Technology Group has applied for trademarks related to artificial intelligence.

Odaily News Trump Media Technology Group announced that the company has applied to register the trademarks "Truth Social AI" and "Truth Social AI Search". It is reported that these trademarks are related to a new initiative by Trump Media aimed at developing an artificial intelligence feature that will be directly deployed on Truth Social.
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Zhongrong Electric: Invested 1.141 billion yuan to build the Sinok New Energy Technology Park project.

Jin10 reported on July 16th that Zhongrong Electric announced that the company plans to invest in the construction of the Sinok New Energy Technology Park project, with a total investment of 1.141 billion yuan, funded by self-owned funds or self-raised funds. The project construction period is planned to be completed and put into use by the end of 2027. This investment is based on the company's strategic planning and operational development needs, which will help optimize the layout of production processes, enhance operational scale and technical research and design capabilities, strengthen the company's core competitiveness, and achieve long-term strategic goals.
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GameStop CEO: Trading cards and collectibles business may support Crypto Assets payments in the future.

BlockBeats news, on July 16, according to Cointelegraph, GameStop CEO Ryan Cohen stated in an interview that due to rising costs, the company is adjusting its strategy to reduce its reliance on hardware and instead focus on the trading card and collectibles business, and these products may be available for purchase with Crypto Assets in the future.
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Ani rose 206.59% after launching Alpha, current price 0.050238 USDT

Gate News bot message, Gate market shows that since the launch of Alpha, Ani has risen 206.59%, current price 0.050238 USDT.
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Sources: Orca plans to launch Launchpad at the end of July or early August.

Odaily News According to sources, Orca plans to launch its Launchpad at the end of July or the beginning of August, focusing on a mechanism developed by Orca that gives humans an advantage over Bots.
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Bulgaria's sale of Bitcoin in 2018 caused it to miss a $25 billion debt repayment opportunity.

PANews, July 16 news, according to Cointelegraph, the batch of confiscated Bitcoin disposed of by the Bulgarian government in 2018 has surpassed the total public debt of the country at current market prices. This batch of 213,500 Bitcoins was seized during a crackdown on organized crime in 2017 and was sold for approximately $3.5 billion at that time. If held until now, it would be worth $25.2 billion—5% higher than the latest $24 billion national debt scale, which caused Bulgaria to miss an excellent opportunity for debt repayment.
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Seraph announced the use of project reserve funds to repurchase tokens equivalent to no more than 5 million USDT from major trading platforms and the Pancake liquidity pool.

$SERAPH experienced a concentrated dumping on July 12, leading to severe price Fluctuation. The project party quickly took buyback measures to stabilize the market, emphasizing that the event would not affect long-term development, rewards would be distributed normally, and they apologized to users.
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The US PPI annual rate for June recorded at 2.3%, the lowest since September 2024.

BlockBeats news, on July 16, the U.S. June PPI year-on-year recorded at 2.3%, the lowest since September 2024, with market expectations at 2.5%. The U.S. June PPI year-on-year is 2.3%, expected 2.5%, previous value revised from 2.60% to 2.7%. (Jin10)
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U.S. June PPI year-on-year rise 2.3%

Golden Finance reported that the U.S. June PPI rose 2.3% year-on-year, estimated to be 2.5%, and the previous value was 2.6%; the June PPI was flat month-on-month, estimated to be 0.2%, and the previous value was 0.1%.
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Golden Goose BCD Egg NFT officially launched for sale, over 1000 pieces minted within 10 minutes.

The DeFAI platform Golden Goose launched the Diamond Egg NFT today, covering the three major networks ETH, BSC, and ARB, and over 1,000 pieces were sold within 10 minutes of the release. This NFT is limited to 10,000 pieces, and holders can enjoy multiple benefits, with a strong market response.
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GMX: All funds of GLP on Arbitrum have been fully recovered.

According to BlockBeats news, on July 16, GMX officially announced the follow-up progress of the GMX V1 vulnerability attack on Arbitrum, which resulted in an attack of approximately 42 million dollars. After successful negotiations, all funds of GLP on Arbitrum have been recovered. The funds have been returned and are currently held by the DAO, awaiting distribution to the liquidity providers in the Arbitrum GLP treasury.
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The US June PPI year-on-year rate is 2.3%, expected to be 2.5%, and the previous value has been revised from 2.60% to 2.7%.

Odaily News US June PPI YoY 2.3%, expected 2.5%, previous value revised from 2.60% to 2.7%. (Jin10 P)
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Morgan Stanley: Companies are actively seeking growth opportunities outside of tariffs.

According to ChainCatcher news and Jin10 reports, Morgan Stanley's Chief Financial Officer stated that despite the uncertainty of tariff policies, companies have begun to shift their strategic focus towards market layouts and growth opportunities outside of tariffs.
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