Encryption Daily Report * Important information not to be missed every day * July 23, 2025

1. The White House and Trump continue to pressure Powell:

U.S. Treasury Secretary: The Federal Reserve should lower interest rates now. There are no signs that Powell should resign at this time. If he wants to leave early, he should do so;
White House officials plan to visit the Federal Reserve headquarters on Thursday local time;
Trump: Anyway, Powell will be out soon, and interest rates should be lowered by 3 percentage points, or even lower.

2. Trump announces a trade agreement with Japan: 15% tariff + $550 billion investment in the US;

3. US stock cryptocurrency stocks showed mixed performance, Circle (CRCL) fell by 8.23%, Coinbase (COIN) fell by 2.22%, MARA Holdings (MARA) rose by 5.58%, BTCS (BTCS) rose by 5.59%, Bit Digital (BTBT) fell by 1.51%, SharpLink Gaming (SBET) rose by 8.54%, Bitmine Immersion (BMNR) rose by 1.92%;

4. #BNB 历史新高，最高直接拉到804美金，这也是 # BTC #XRP is the third historical ATH target after.

5. The post reporting on #CFX has been deleted, and the coin price has randomly dropped, having decreased by 36% from its peak. Currently, the market sentiment does not have a sustained FOMO, so everyone should be cautious and not chase high prices when trading altcoins.

7. #Bonk 台子的meme疯狂拉盘，# memecoin has jumped from over 700,000 in market value to over 30M in the past two days, and #useless # ani and others have also resumed their upward trend.

8. #Pump 的市场份额持续被稀释，过去这几天 # Pump coin price continues to decline and is currently still underwater;

9. 21Shares submitted the S-1 application for the #ONDO ETF to the US SEC.

10. Data: Approximately 519,000 ETH are queued to exit the Ethereum PoS network, with the exit queue creating the longest wait time in nearly a year and a half.

11. The U.S. Securities and Exchange Commission (SEC) approved the conversion of the Bitwise 10 encryption index fund into an ETF, covering assets including $BTC, $ETH, $XRP, $SOL, $ADA, $SUI, $LINK, $AVAX, $LTC, $DOT;

[Market Analysis] #BTC returned to 120,000 USD last night, but this position did not hold. However, this position indicates that it is not the peak of this bull market. As we are about to enter August, it is expected that the market will hype up the Federal Reserve's expectation of a rate cut in September, so the market will be even crazier in August and September.

#ETH is just a temporary pullback. I see that the market has been quite worried these past few days. In fact, when the trend comes, it won't just leave suddenly; there will definitely be a long cyclical process.

[Risk Reminder] Digital assets are highly volatile and carry extreme risks. Please participate cautiously, avoid all-in bets, and reject loan leverage;