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Overview of Key Overnight Developments on July 13
21:00 (UTC+8) - 7:00 Keywords: Tariffs, Ethereum, Pump 1. Trump has sent tariff letters to 24 trading partners in four batches; 2. French President: Strongly opposes the US decision to impose additional tariffs; 3. Mexican President: Confident that a tariff agreement with the US can be reached before August 1; 4. Pump.fun token sale has ended, with $600 million raised in about 12 minutes; 5. This week, spot Ethereum ETFs saw over $900 million in inflows, setting a new record; 6. President of the European Council: The EU remains fully committed to efforts to reach a fair agreement with the US.
21:00 (UTC+8) - 7:00 Keywords: Tariffs, Ethereum, Pump 1. Trump has sent tariff letters to 24 trading partners in four batches; 2. French President: Strongly opposes the US decision to impose additional tariffs; 3. Mexican President: Confident that a tariff agreement with the US can be reached before August 1; 4. Pump.fun token sale has ended, with $600 million raised in about 12 minutes; 5. This week, spot Ethereum ETFs saw over $900 million in inflows, setting a new record; 6. President of the European Council: The EU remains fully committed to efforts to reach a fair agreement with the US.
BUILDon officially rebrands as BUILDON GALAXY, with the first Launchpad of the USD1 ecosystem set to go live soon
BUILDon has officially rebranded as BUILDON GALAXY and announced the upcoming launch of the first Launchpad in the USD1 ecosystem. The platform will focus on high-quality projects, offering rigorous screening, multi-chain deployment, flexible launches, and ongoing market support, injecting new momentum into the USD1 ecosystem.
BUILDon has officially rebranded as BUILDON GALAXY and announced the upcoming launch of the first Launchpad in the USD1 ecosystem. The platform will focus on high-quality projects, offering rigorous screening, multi-chain deployment, flexible launches, and ongoing market support, injecting new momentum into the USD1 ecosystem.
USDC Usage on Ethereum Hits Record High with 21.7 Million Transactions This Quarter
According to a report by Jinse Finance, citing Cointelegraph, USDC usage on Ethereum has just reached a new record, with a total of 21.7 million transactions this quarter and a transfer volume of $1.77 trillion.
According to a report by Jinse Finance, citing Cointelegraph, USDC usage on Ethereum has just reached a new record, with a total of 21.7 million transactions this quarter and a transfer volume of $1.77 trillion.
Bitcoin Mining Heatmap Shows the US Temporarily in the Lead, but Russia Is Growing Rapidly
According to a report by Jinse Finance, data from hashrateindex.com’s global Bitcoin mining heatmap shows that the United States currently has a hashrate of 323.4 EH/s. Although its share has slightly declined, it still maintains a leading position in overall hashrate. Russia’s share has increased by 6.12%, surging from 15.652% to 16.61%, and it now holds a raw hashrate of up to 150 EH/s, ranking second. China’s share has risen slightly from 13.727% to 13.84%, with a current hashrate of 125 EH/s, ranking third. Paraguay accounts for 3.87% of the global total, equivalent to 35 EH/s, while the United Arab Emirates (UAE) holds a 3.54% share, with a hashrate of about 32 EH/s.
According to a report by Jinse Finance, data from hashrateindex.com’s global Bitcoin mining heatmap shows that the United States currently has a hashrate of 323.4 EH/s. Although its share has slightly declined, it still maintains a leading position in overall hashrate. Russia’s share has increased by 6.12%, surging from 15.652% to 16.61%, and it now holds a raw hashrate of up to 150 EH/s, ranking second. China’s share has risen slightly from 13.727% to 13.84%, with a current hashrate of 125 EH/s, ranking third. Paraguay accounts for 3.87% of the global total, equivalent to 35 EH/s, while the United Arab Emirates (UAE) holds a 3.54% share, with a hashrate of about 32 EH/s.
XRP's total market capitalization rises to $167 billion, becoming the third largest cryptocurrency
According to Jinse Finance, XRP has surged to $2.84, marking a 27.9% increase this week. Its market capitalization has risen to $167 billion, surpassing Tether to become the third-largest cryptocurrency. In the past 24 hours, XRP's trading volume reached $14.24 billion, with intraday prices ranging between $2.61 and $2.91.
According to Jinse Finance, XRP has surged to $2.84, marking a 27.9% increase this week. Its market capitalization has risen to $167 billion, surpassing Tether to become the third-largest cryptocurrency. In the past 24 hours, XRP's trading volume reached $14.24 billion, with intraday prices ranging between $2.61 and $2.91.
$2.7 Billion Added to the Stablecoin Market in the Past Week
Stablecoins increased by $2.7 billion within a week, driving the market size to $257.7 billion. USDT remains the dominant leader, but USDC saw the largest growth. • USDC supply increased by $1.31 billion. • USDT reached $160.15 billion. • Tron’s USDD rose by 19.28%.
Stablecoins increased by $2.7 billion within a week, driving the market size to $257.7 billion. USDT remains the dominant leader, but USDC saw the largest growth. • USDC supply increased by $1.31 billion. • USDT reached $160.15 billion. • Tron’s USDD rose by 19.28%.
Analyst: The EU Will Have to Accept a 10% Tariff
BlockBeats News, July 13 — BCA RESEARCH’s Chief European Strategist Mathieu Savary stated that Trump’s strategy is to make outrageous demands, then let those demands fall through, and subsequently make a renewed effort to secure some last-minute concessions before reaching a trade agreement.
“We recall a framework from Trump’s first presidential term, and that’s exactly what is happening now. What is being said at this moment doesn’t matter; what matters is where we ultimately land. It is expected that the EU will eventually ‘have to accept a 10% tariff, but that is something the EU can actually handle.’”
Previously, U.S. President Trump announced a 30% tariff on EU goods starting August 1. Three EU officials have stated that Trump’s threat to impose a 30% tariff on EU goods from August 1 is a negotiation tactic.
BlockBeats News, July 13 — BCA RESEARCH’s Chief European Strategist Mathieu Savary stated that Trump’s strategy is to make outrageous demands, then let those demands fall through, and subsequently make a renewed effort to secure some last-minute concessions before reaching a trade agreement.
“We recall a framework from Trump’s first presidential term, and that’s exactly what is happening now. What is being said at this moment doesn’t matter; what matters is where we ultimately land. It is expected that the EU will eventually ‘have to accept a 10% tariff, but that is something the EU can actually handle.’”
Previously, U.S. President Trump announced a 30% tariff on EU goods starting August 1. Three EU officials have stated that Trump’s threat to impose a 30% tariff on EU goods from August 1 is a negotiation tactic.
The pump.fun team has transferred funds to the Squads Vault "Token Admin" address
BlockBeats News, July 12 — According to on-chain analyst Ai Yi (@ai_9684xtpa), monitoring shows that the pump.fun project team has transferred funds to the Squads Vault "Token Admin" address.
In addition, there are 185 addresses that have contributed a full $1 million;
There are 121 addresses that have contributed $500,000 or more;
In terms of payment methods, USDC accounts for 97%, while USDT makes up only about 3%.
BlockBeats News, July 12 — According to on-chain analyst Ai Yi (@ai_9684xtpa), monitoring shows that the pump.fun project team has transferred funds to the Squads Vault "Token Admin" address.
In addition, there are 185 addresses that have contributed a full $1 million;
There are 121 addresses that have contributed $500,000 or more;
In terms of payment methods, USDC accounts for 97%, while USDT makes up only about 3%.
Bitcoin briefly falls below $117,000
BlockBeats News, July 12 — According to market data from a certain exchange, Bitcoin briefly fell below $117,000 and is now quoted at $117,091.
BlockBeats News, July 12 — According to market data from a certain exchange, Bitcoin briefly fell below $117,000 and is now quoted at $117,091.
pump.fun sold 12.5% of tokens in this public sale, which differs from the previously announced 15% allocation
BlockBeats News, July 12 — According to information on the official pump.fun website, 12.5% of tokens were sold in this public sale, raising $500 million, which differs from the previously announced plan to sell 15% of tokens and raise $600 million.
As of now, pump.fun has not publicly disclosed the reason for the discrepancy.
BlockBeats News, July 12 — According to information on the official pump.fun website, 12.5% of tokens were sold in this public sale, raising $500 million, which differs from the previously announced plan to sell 15% of tokens and raise $600 million.
As of now, pump.fun has not publicly disclosed the reason for the discrepancy.