24H Hot Coins and News | FTX will launch a new round of debt distribution on September 30; the White House's first encryption policy report will be released on July 30 (July 24)

1. Popular coins on CEX

CEX Trading Volume Top 10 and 24H Price Change:

• BTC：- 0.39%
• ETH：- 2.47%
• SOL：- 6.65%
• XRP：- 8.50%
• DOGE：- 8.40%
• BNB：- 2.70%
• SPK：+ 83.81%
• PENGU：- 2.38%
• SAHARA: + 48.88%
• ADA：- 7.49%

24H Increase Ranking List (Data source: OKX):

• SPK： + 78.34%
• SAHARA: + 51.95%
• SD： + 50.55%
• SLP: + 18.68%
• LOOKS：+ 12.57%
• DUCK: + 10.09%
• IP: + 7.95%
• LSK: + 6.59%
• DEP： + 2.26%
• RESOLV: + 2.21%

2. 24H Hot Search Coins

• SPK: Cookie Snaps first phase collaborative project.

Headline

FTX will launch a new round of debt allocation on September 30, releasing $1.9 billion in disputed reserve funds.

FTX has announced that the record date for the next round of debt allocation will be August 15, 2025, and is expected to start on September 30. This applies to the approved category 5 customer claims, category 6 general unsecured claims, and previously undistributed convenience claims. Meanwhile, FTX has received court approval to reduce the disputed claims reserve from $6.5 billion to $4.3 billion, releasing approximately $1.9 billion in cash for this round of allocation.

The White House's first encryption policy report will be released on July 30.

Bo Hines, the Executive Director of the Digital Asset Advisory Committee for Trump, stated on the X platform that the President's Digital Asset Working Group has completed a 180-day report, which is the White House's first encryption policy report, and will be publicly released on July 30.

The law firm Burwick Law expands the scope of its lawsuit against Pump.fun, listing Solana and Jito executives as defendants.

The law firms Burwick Law and Wolf Popper have expanded their lawsuit against Pump.fun, adding the Solana Foundation, Solana Labs, Jito, and their executives as defendants, including Solana co-founders Anatoly Yakovenko and Raj Gokal, Solana Foundation Executive Director Dan Albert, Chair Lily Liu, and former communications head Austin Federa.

According to the latest revised complaint, two law firms cited the Racketeer Influenced and Corrupt Organizations Act (RICO) to charge relevant individuals, claiming that Solana Labs and Jito Labs were intentional participants in aspects such as token design, fee mechanisms, infrastructure maintenance, and validator coordination, allegedly conspiring together and profiting from it. The lawsuit also accuses Pump.fun of violating multiple U.S. anti-financial crime regulations, failing to implement anti-money laundering measures, assisting in the creation and promotion of non-compliant tokens, and infringing on trademark rights. The complaint states that Pump.fun profited approximately $723 million through "illegal gambling operations," while Jito Labs is accused of manipulating trades and skewing profit distribution in favor of bribers.

Binance: Users with at least 200 Alpha points can claim 1500 COA tokens airdrop.

According to official news, Binance will launch the Alliance Games (COA) platform on July 23, 2025, at 17:00 (UTC+8). After trading begins, users holding at least 200 Binance Alpha points can claim 1,500 COA tokens airdrop. First come, first served. If the event has not ended, the score threshold will automatically decrease by 10 points every hour. Please note that claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, otherwise, it will be considered a waiver of the airdrop.

Industry News

Founder of the US-listed company DDC: plans to hold 10,000 BTC by the end of 2025 and become one of the top three BTC reserve companies in the world within three years.

Norma Chu, founder, chairman, and CEO of DDC Enterprise, a publicly listed company on the US stock market, stated in a shareholder letter that DDC has submitted a $500 million F-3 universal shelf registration statement to the U.S. Securities and Exchange Commission, aiming to ensure flexible and efficient access to the capital market when favorable opportunities arise. In addition, the company's new Bitcoin vision goal is to hold 10,000 coins by the end of 2025 and to become one of the top three Bitcoin reserve companies in the world within three years.

According to previous reports, Animoca Brands has partnered with DDC Enterprise to invest 100 million USD to support its Bitcoin treasury. Earlier this month, the company secured up to 528 million USD in transformation capital commitments and has now received an initial funding of 53 million USD from well-known partners such as Anson Funds, Animoca Brands, and Kenetic Capital.

Swedish listed company H100 Group increased its holdings by 117.93 BTC, bringing its total holdings to 628.22 BTC.

According to the official announcement, the Swedish listed company H100 Group announced an increase of 117.93 coins of BTC, bringing its total holdings to 628.22 coins of BTC.

Matador Technologies secures a $100 million funding line to purchase more bitcoins.

Canadian listed company Matador Technologies has secured a financing limit of $100 million for the purchase of more bitcoins. Previously reported, Matador Technologies announced that its board has approved a long-term bitcoin acquisition strategic plan to accumulate up to 6,000 bitcoins by 2027 or earlier, as well as a mid-term goal of accumulating 1,000 BTC by 2026 or earlier. Matador's long-term goal is to hold 1% of the bitcoin supply and become one of the top 20 corporate holders globally.

Goldman Sachs and Bank of New York Mellon have jointly launched a currency fund tokenization plan.

Goldman Sachs and BNY Mellon have partnered to launch a blockchain-based tokenization scheme for money market funds. BNY clients can now invest in tokenized money funds through the Goldman Sachs platform, with holdings recorded on-chain. The project has attracted participation from large asset management firms such as BlackRock, Fidelity, and Federated Hermes, aiming to build a real-time, low-friction digital financial infrastructure.

Project News

LetsBONK commits to using 1% of its revenue to repurchase BONK ecological top coins.

LetsBONK announced that 1% of its total revenue will be used to buy back top tokens within the BONK ecosystem, with the relevant funds coming from the team's marketing fund, and the buyback operations will be executed weekly. Data shows that LetsBONK generated approximately $1.5 million in transaction fees in the past 24 hours, which will provide $15,000 for this round of buybacks. Recently, LetsBONK has surpassed its competitor Pump.fun in daily trading volume and token issuance. Dune data shows that the total market capitalization of tokens issued on its platform has exceeded $1 billion. Among them, Useless Coin is the largest token, followed closely by ANI, which represents the Grok AI companion token launched by xAI.

Aspecta announces the token economics, airdrop query will be opened tomorrow at 15:00.

Aspecta announced its tokenomics, with a total supply of 1 billion coins, of which 45% is allocated to the community and ecosystem, 7.6% is airdropped to users and community supporters at TGE; 6.7% is allocated to the market and broader blockchain users, 0.7% is allocated for pre-market price discovery, and 30% is allocated for community and ecosystem growth; 20% is allocated to investors, 15% to early contributors, 3% for liquidity, and 17% to the foundation. Aspecta will open airdrop queries on July 24 at 15:00, and will open for collection at 18:00 TGE.

The AI agent startup platform Lazpad on the LazAI ecosystem chain has launched AI companion DAT and opened a whitelist event.

The Web3 native AI infrastructure protocol LazAI will launch its AI companion-type Data Anchoring Token (DAT) for the first time on its testnet, allowing users to connect with an evolving AI entity that has memory and earn rewards through interactions. This event is launched on Lazpad, the AI agent launch platform on the LazAI ecosystem chain. Users can qualify for the whitelist by completing a series of tasks, and each whitelisted address will receive a free DAT blind box and additional rewards, as well as the qualification for C.ALITH investment. At the same time, LazAI is launching a referral invitation campaign, where inviting friends will earn activity points, and the top ten invitees will receive additional rare DAT rewards based on their rankings. It is reported that Lazpad is a user-friendly on-chain AI agent launch platform that supports both open and curated dual-track assetization paths, supported by LazAI's internal incentive ecosystem and deeply integrated into the ecosystem. It aims to transform complex AI models into interoperable, composable, and tradable agent tokens. These AI agents use tokens as carriers, opening up paths for co-creation crowdfunding, public participation, and tripartite win-win development for creators, investors, and the agents themselves.

Investment and Financing

The AI reasoning platform Gaia has completed a $20 million seed round and A round of financing, led by Mantle and others.

The decentralized AI inference platform Gaia announced the completion of $20 million in seed and Series A funding, led by ByteTrade, SIG, Mirana, and Mantle, with participation from Outlier Ventures, NGC, Taisu Ventures, and Consensys Mesh. The new funds will be used to expand the decentralized AI infrastructure and officially launch the world's first AI-native smartphone designed for user autonomous intelligence. The Gaia AI phone is built on Galaxy S 25 Edge hardware, with all AI inference processes running locally, without the need for cloud, no data upload, and no privacy leakage.

Vaulta (formerly EOS) has secured a $6 million investment commitment from WLFI to promote the development of Web3 banking in the US.

According to official news, WLFI has reached a strategic cooperation with Vaulta (formerly EOS), with WLFI committing to invest 6 million USD to promote the development of Web3 banking in the United States. Vaulta's native assets will be incorporated into WLFI's macro strategic reserves, and WLFI's USD1 stablecoin will be directly integrated into Vaulta's Web3 banking infrastructure.

Korean blockchain infrastructure provider DSRV completed the first round of Series B funding of approximately 11.6 million USD.

The South Korean blockchain infrastructure service provider DSRV announced the completion of approximately 16 billion Korean won (about 11.6 million USD) in the first round of Series B financing. This round of financing was participated in by major Korean investment institutions such as Intervest and NH-SK Securities. The second round of financing is expected to start at the end of next month, at which time more financial institutions will join. DSRV currently provides node and infrastructure services for more than 70 blockchain networks worldwide, managing assets exceeding 40 trillion Korean won. The company's sales in 2023 reached 10.7 billion Korean won, with a net profit of 3 billion Korean won. In the future, it will focus on expanding into new business areas such as stablecoins and custody, and accelerate its global expansion plans in regions such as the United States, Japan, and Africa.

Character*Voice

U.S. Treasury Secretary: There may be 1 to 2 rate cuts this year.

U.S. Treasury Secretary Basent: There may be 1 to 2 rate cuts this year.

Matrixport: The encryption market faces short-term fluctuations, but the overall upward trend has not yet ended.

Matrixport released a chart today stating that over the past two weeks, the open interest in Bitcoin has surged by $6 billion, with the annualized funding rate skyrocketing to 19%, indicating a significant presence of aggressive leveraged long positions in the market. Meanwhile, the trading activity of retail investors in South Korea has significantly increased, with cryptocurrency trading volume jumping from $1 billion to $6 billion, reflecting the dominant role of retail capital in this market cycle. However, as prices enter a consolidation phase, these high-leverage long positions may face the risk of forced liquidation, especially after next week's FOMC meeting, as the market will enter a relatively quiet trading period in August. Although there may be short-term volatility pressure, several key positive factors are building momentum for after the summer, and the overall upward trend in the cryptocurrency market has not yet ended.

Institution: The U.S. economy did not decline as expected, AI may be a major contributor.

According to foreign media analysis reports, for the second time in three years, concerns about a recession in the U.S. economy have once again been met with reality. This time, the artificial intelligence (AI) boom may be a major contributor. As generative AI enters its third year, its financial impact is no longer limited to the stock prices of chip manufacturers. The explosive growth in data center construction and overall capital expenditures is astonishingly "beautifying" U.S. GDP data. Jason Thomas, chief investment strategist at Carlyle Group, pointed out that this capital expenditure represents a significant re-industrialization of U.S. companies, shifting their focus from software and intangible assets to investments in factories, machinery, and energy, which is unprecedented. The impact on GDP is enormous. Thomas estimates that AI-related expenditures alone could contribute one-third of the U.S. GDP growth in the second quarter of this year. Moreover, orders in related industries continue to expand at an annual growth rate of over 40%.

CZ: The Shanzhai Season Index continues to rise, and the FOMO season may be approaching.

CZ posted on platform X that, although the accuracy of the altcoin season index on CoinMarketCap is still controversial, the index is indeed rising at the moment. He added, "The FOMO season is coming."