- Market Commentary: Trump posted on Truth Social platform stating: Cryptocurrencies are "going through the roof," which has had a positive impact on the entire cryptocurrency market. BTC has strongly broken through the key resistance level of 115,000 USDT, pushing towards the 120,000 USDT round number. ETH has breached the 3,000 USDT integer level. Trump's tweet and the vision statement released by the Ethereum Foundation may have positively influenced the price surge.
- Top Tokens: SEI, PENGU, and FARTCOIN have shown impressive performance in the bullish market. USDC native token and CCTP V2 are set to launch on Sei Network, bringing the world's largest compliant stablecoin and frictionless cross-chain transfers to Sei's high-performance Layer-1 blockchain. Influenced by this news, SEI has seen significant growth in both token price and trading volume. Canary Capital has submitted a PENGU spot ETF application to the SEC, increasing the likelihood of PENGU's spot ETF approval, which is a significant positive for PENGU's price. The Memecoin sector has experienced a general uptrend, with Fartcoin being one of the representatives. Among other tokens in the Memecoin sector, higher market cap coins like DOGE, SHIB, PEPE, TRUMP, and BONK have all surged by over 8%.
- Alpha Insight: The Ethereum Foundation recently released a vision statement, outlining two main development goals: First, to benefit more people from its underlying value by increasing the number of Ethereum users. Second, to enhance the resilience of Ethereum's technical and social infrastructure. Germany's state-owned development bank NRW.BANK announced the issuance of a 100 million euro blockchain bond on the Polygon blockchain. DDC Enterprise Limited and Animoca Brands have signed a non-binding memorandum of understanding to establish a strategic partnership, with Animoca Brands committing $100 million to support DDC's Bitcoin treasury.
- Gate Launchpool: Gate platform is currently conducting a subscription event for Useless Coin (USELESS). Users can start receiving a total of 100,334 USELESS airdrops for free by staking USDT or USELESS from July 11, 2025, at 10:00 (UTC). USELESS is a decentralized meme token with no presale, no team allocation, and no roadmap. It embodies the spirit of internet culture by subverting the concept of value.
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Gate Team
July 11, 2025
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