Crypto Morning Brief: GENIUS Act may be submitted for Trump's signature, WLFI token transfer proposal passes voting
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Crypto Morning Brief: GENIUS Act may be submitted for Trump's signature, WLFI token transfer proposal passes voting
Eclipse公布了代币经济学，总供应量为10亿枚，其中15%用于空投和流动性。
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
U.S. June PPI YoY at 2.3%, expected 2.5%, prior revised from 2.60% to 2.7%
According to Jin10 News, U.S. June PPI YoY was 2.3%, below the expected 2.5%, with the prior figure revised from 2.60% to 2.7%.
U.S. June PPI MoM at 0%, below the expected 0.20%, with the prior revised from 0.10% to 0.3%.
U.S. House advances cryptocurrency regulatory bills; GENIUS stablecoin bill may go to Trump for signing
According to The Block, the U.S. House passed procedural votes on Wednesday by 215 to 211, advancing both the GENIUS stablecoin bill and the Clarity Act on digital asset markets. The GENIUS bill, which creates a regulatory framework for stablecoins and has already passed the Senate, could be sent to President Trump for signature within this week. Lawmakers also agreed to later vote on a bill preventing the Federal Reserve from directly issuing central bank digital currencies (CBDCs) to individuals. A similar vote failed the previous day due to concerns among some Republican lawmakers over CBDC-related provisions.
Trump denies drafting letter to fire Fed Chair Powell
According to Jin10 News, U.S. President Trump recently stated: "Fed Chair Powell has always acted too late and performed poorly, and we will continue to face challenges." When asked whether he plans to dismiss Fed Chair Powell, Trump said: "No plans. But changes will happen within the next eight months—we’ll appoint someone who performs well. We’re considering Kevin Hassett, Director of the White House National Economic Council, for a Fed-related position. I’m only interested in having a 'low-rate person' as Fed Chair."
Earlier, The New York Times reported that U.S. President Trump had drafted a letter to fire Fed Chair Powell.
WLFI token transferability proposal passes community vote
According to the official page, the WLFI token transferability proposal has passed community voting with a support rate of 99.94%. The proposal aims to seek community input and officially initiate token transferability. The team will begin distributing tokens to eligible early supporters and launch community governance via a second vote to determine the unlocking of remaining tokens.
TRUMP Meme疑似registered game-related subdomain site, possibly launching gaming project
The TRUMP Meme token’s official website appears to have registered a subdomain named Trumpthegame, suggesting preparations for launching a gaming project.
Eclipse unveils tokenomics: 1 billion total supply, 15% for airdrop and liquidity
According to an official announcement, Ethereum SVM Layer2 network Eclipse has unveiled its tokenomics. The ES token has a total supply of 1 billion, allocated as follows:
15% for airdrop + liquidity;
35% for ecosystem + development;
19% for contributors (current and future);
31% for early supporters/investors.
Hyperion (RION) reveals tokenomics: 5% for airdrop, 5% for community incentives
Binance Wallet’s exclusive Bonding Curve TGE first-phase project Hyperion has released its RION tokenomics as follows:
30% for liquidity incentives, 22.9% for protocol treasury, 20% for team and advisors, 9% for public distribution, 5% for airdrop, 5% for community incentives, and 8.1% for investors.
PayPal updates crypto terms, PYUSD stablecoin to expand to Arbitrum chain
According to an official announcement, PayPal updated its cryptocurrency service terms on July 16, 2025. The most significant change is that the PYUSD stablecoin will now be supported on the Arbitrum blockchain network. Under the new terms, PYUSD now operates across three blockchains—Ethereum, Solana, and Arbitrum—allowing users to send and receive PYUSD on any of these networks.
Issued by Paxos, the stablecoin is pegged to $1 and fully backed by U.S. dollar deposits, U.S. Treasuries, and repurchase agreements. PayPal also launched a PYUSD rewards program, allowing eligible users to earn returns based on their holdings.
Ethereum treasury firm BTCS announces inclusion in Russell Microcap Index
BTCS Inc. (BTCS), a U.S.-listed Ethereum treasury company, announced on social media that it has officially been included in the Russell Microcap Index.
Previous news indicated that BTCS purchased an additional 2,731 ETH on July 15, bringing its total holdings to 31,855 ETH.
Hong Kong-listed company Fourth Paradigm plans private placement of 25.9 million shares to raise over HK$1.3 billion for RWA, stablecoins, and other areas
According to Fourth Paradigm’s announcement on the Hong Kong Stock Exchange, on July 17, 2025 (before trading hours), the company entered into a subscription agreement with investors, under which the investors have conditionally agreed to subscribe for, and the company has conditionally agreed to issue, a total of 25.9 million subscription shares at HK$50.50 per share, amounting to approximately HK$1,307,950,000.
Uniswap President and COO Mary-Catherine Lader announces departure
Mary-Catherine Lader announced on social media that she is concluding her four-year tenure as Uniswap’s President and Chief Operating Officer and will embark on a new career path. Lader reflected on her professional journey since launching digital asset initiatives at BlackRock in 2015 and described her collaboration with Uniswap founder Hayden Adams as a "wonderful adventure."
Market Movements
Suggested Reading
Crypto Week kicks off—what opportunities will three major crypto bills ignite?
This article focuses on three legislative initiatives in the U.S. crypto space—the GENIUS Act, CLARITY Act, and anti-CBDC Act—analyzing their potential impact on the crypto market. These bills aim to promote compliance in the crypto industry, covering stablecoins, classification of digital assets, and prohibition of central bank digital currencies (CBDC). The article also explores the implications for stablecoins, exchanges and DeFi, decentralized assets, and potential investment opportunities.
High-quality data hub: How is Sapien building a truly practical Web3 AI solution?
This article highlights decentralized data platform Sapien’s innovations in the Web3 and AI data fields, explaining how it addresses AI’s data challenges through high-quality datasets and promotes sustainable ecosystem development. It details Sapien’s platform mechanisms, team background, funding support, and future development plans.
Will the alt season arrive? Bankless bullish on these 6 tokens
This article analyzes recent performance in the cryptocurrency market, particularly the potential onset of "alt season," along with Bankless analysts’ forecasts and views on multiple tokens. It covers both bullish and bearish tokens, including their sectors, rationale, forecast timelines, and risk factors.
a16z: Why encrypted mempools can’t be a silver bullet for MEV?
This article explores the potential and limitations of encrypted mempools in mitigating maximum extractable value (MEV). While encrypted mempools can reduce MEV impacts through methods like blind ordering, technical, economic, and efficiency challenges prevent them from being a universal solution. The article analyzes the pros and cons of various encryption approaches and suggests hybrid designs may work in certain scenarios.
Base “reconstruction” underway—what assets are worth investing in?
This article discusses Coinbase Wallet’s major upgrade and strategic restructuring around the Base chain, transforming into a super on-chain gateway integrating payments, social features, trading, and spending. It reviews promising projects within the Base ecosystem—including Aerodrome, Clanker, Mamo, and Byte—which show strong growth potential and innovation, injecting new momentum into Base’s ecosystem development.
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