Selected News
U.S. House Speaker: Final Vote on the "Beautiful Act" Tonight at 8 PM
U.S. Non-Farm Payroll Data to be Released Tonight, U.S. Stocks May Experience Significant Volatility
Some Established Meme Coins Continue to Rise, Led by Neiro, CHILLGUY, BONK, and WIF
Upbit to Launch Solana Ecosystem MOODENG Trading Pairs in KRW, BTC, and USDT
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
ARB: Today's Twitter discussions about ARB focus on significant developments in the Arbitrum ecosystem and market sentiment. Core topics include the launch of new projects and collaborations such as Super Lending App and Yapyo, which further solidify Arbitrum's leading position in the Layer 2 space. The community is actively discussing ARB's DeFi incentives and governance mechanisms, comparing them with other L2 projects, and debating the potential impacts of tokenization and real-world assets (RWA). Overall sentiment is optimistic, with many expressing confidence in Arbitrum's development prospects and industry influence.
DOGDOG: DOGDOG (token code $DOG) has sparked heated discussions on Twitter due to its upcoming listing on Kraken. The community views this as a significant milestone for decentralized memes—the project is entirely distributed through airdrops, with no internal reservations. With $DOG becoming available for trading, especially with improved accessibility for U.S. users, the community anticipates more top exchanges will follow suit. The DOGDOG community is known for its high activity and is currently encouraging users to deposit on Kraken and provide liquidity in preparation for the launch.
UNI: Today's discussions around UNI mainly center on the launch of the new feature "Uniswappy"—which allows users to create their own Uniswap trading cards, greatly stimulating community engagement. Additionally, Uniswap is frequently mentioned in discussions about the evolution of the DeFi ecosystem, still regarded as a core player in the industry. The discussions also touch on its governance structure, market strategies, and its key role in the overall crypto ecosystem.
XRP: Today's discussions about XRP are primarily focused on Ripple's announcement of a partnership with Wormhole, aimed at enhancing multi-chain interoperability between the XRP Ledger and its EVM sidechain, which is seen as a significant milestone for the XRPL ecosystem. Furthermore, the ongoing lawsuit between Ripple and the SEC remains a topic of widespread attention, with the latest development being Judge Torres's rejection of both parties' motions for a "summary judgment," indicating that the legal battle continues. Nevertheless, Ripple insists that the non-security status of XRP has not changed.
COIN: Coinbase is receiving widespread attention today due to its announcement of launching cryptocurrency futures products similar to perpetual contracts in the U.S. on July 21, which is seen as a major advancement for the crypto market, expected to bring tax advantages and attract U.S. traders. At the same time, Coinbase's stock price has reached an all-time high, reflecting positive market sentiment. Discussions also mention Coinbase's strategic expansion, including its inclusion in the S&P 500 index and becoming a primary broker for ETFs. The newly launched premium service Coinbase Concierge and the ongoing Bitcoin purchase program further strengthen its market position.
Featured Articles
In early July, Robinhood announced the launch of tokenized stocks for OpenAI and SpaceX, opening subscriptions to its European users and offering each a €5 credit, marking the beginning of private equity tokenization. However, almost simultaneously, OpenAI's official Twitter account refuted this: "These OpenAI Tokens are not equity in OpenAI, we are not involved and do not endorse this plan; any transfer of equity must be approved by us." Tokenized private equity touts "equality" and opens its doors to retail investors, yet OpenAI's rebuttal raises questions: is "equity tokenization" a breakthrough in future financial innovation or a scam disguised as "equality"?
Perhaps politicians do care about financial freedom on an abstract level, but hollow ideals do not drive actual action. There must be other more pragmatic reasons for their sudden shift in attitude towards stablecoins. Looking back to 2019, Facebook attempted to integrate the stablecoin Libra into its social media empire but was forced to shelve it due to opposition from politicians and the Federal Reserve. To understand the BBC's enthusiasm for stablecoins, we need to examine the main issues it faces.
On-Chain Data
On-chain capital flow situation on July 3
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