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Phemex Crypto Market Daily: Ondo and Pyth Surge as BTC, ETH Slip; Major PUMP Token Unlock Today (Jul 16)

Key Takeaways:
1. Macro Environment June US CPI rose 3.5% YoY, sharply reducing July Fed hike odds to 10% and supporting crypto risk assets. The Bank of Korea raised rates, narrowing the gap with the US and potentially impacting global capital flows. The US Senate delayed the CLARITY Act vote, prolonging regulatory uncertainty for digital assets. 2. Crypto Market The crypto market saw mixed performance over the past 12 hours. Bitcoin (BTC) fell 1.0% to $64,602, while Ethereum (ETH) dropped 2.1% to $1,888.97, both pressured by ETF outflows and risk-off sentiment. ONDO (ONDO) surged 17.3%, PYTH Network (PYTH) gained 11.1%, and MORPHO (MORPHO) rose 3.9%, driven by DeFi adoption and protocol integrations. 3. Today's Outlook Today, 57 billion PUMP tokens worth $86.49 million unlock across 121 wallets, marking a major token unlock event that may impact market liquidity and volatility.
14 minutes ago

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BlackRock Acquires 734,762 BTC for Spot Bitcoin ETF

BlackRock has acquired 734,762 Bitcoin, valued at over $47.1 billion, for its spot Bitcoin ETF. This significant holding underscores BlackRock's commitment to expanding its presence in the cryptocurrency market. The move comes as institutional interest in Bitcoin continues to grow, with ETFs providing a regulated avenue for investment.

BTC -0.93%
17 minutes ago

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1inch Co-Founder Anton Bukov Fired, Launches New Startup

Anton Bukov, co-founder of the decentralized exchange aggregator 1inch, announced that he was dismissed from his position in November. Despite his departure, Bukov retains a 50% ownership stake in the company. He is now focusing on a new venture, Second Tier, which aims to develop infrastructure solutions in the blockchain space.

1INCH -1.03%
28 minutes ago

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Visa Unveils Stablecoin Platform for Global Merchant Network

Visa has launched the Visa Stablecoin Platform, aiming to integrate stablecoin processing into the payment systems of banks and fintech companies. This new platform will allow institutions to manage stablecoin operations seamlessly within Visa's existing infrastructure. The initiative is set to extend stablecoin services to over 200 million merchants worldwide, enhancing the efficiency of payment and treasury management processes.

STABLE +5.31%
40 minutes ago

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US Optical Communication Stocks Plunge, Corning Drops Over 8%

The US optical communication sector experienced significant losses as stocks opened lower and continued to decline. Corning led the downturn with a drop of over 8%. Marvell Technology also saw a substantial decrease, falling more than 6%. Other companies in the sector, including Lumentum, Coherent, and Credo, each declined by over 5%, reflecting a broad sell-off in the industry.
43 minutes ago

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Whale Account Faces $412,000 Loss on SKHX Leverage Trade

A whale account known as "wjqq" has incurred a floating loss of over $412,000 after leveraging a 10x long position on 5,000 shares of South Korea's SK Hynix (SKHX) at $1,313.2 per share, totaling $6.14 million. Previously, the account had achieved a profit of over $2.044 million by going long on ETH and shorting SPCX. The recent trade has reduced the account's total floating profit to $1.632 million.

ETH -2.07% SPCX
43 minutes ago

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Trump Promotes Over 20 Companies on Truth Social After Stock Purchases

President Trump has reportedly promoted more than 20 companies on Truth Social shortly after acquiring their stocks, according to CNN. This activity has raised questions about potential conflicts of interest and the impact of his endorsements on stock prices. The promotions occurred just days after Trump made the stock purchases, highlighting the influence of his social media presence on market dynamics.
46 minutes ago

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Polygon Labs Nears Completion of Coinme Acquisition, Plans Layoffs

Polygon Labs CEO Marc Boiron announced that the company is in the final stages of acquiring Coinme, a move that includes integrating Coinme's team into Polygon Labs. This acquisition is part of Polygon's strategic shift towards becoming a blockchain payment company. As part of this transformation, Polygon Labs will implement layoffs to streamline operations and focus on profitability, with a goal to achieve this by 2027.

MATIC -9.52%
48 minutes ago

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Supreme Court Ruling Enhances Presidential Influence Over SEC and CFTC

The Supreme Court's recent Slaughter ruling has significantly increased presidential influence over the appointment of commissioners to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This decision allows each presidential election to potentially reshape U.S. crypto policy, as new administrations could swiftly alter the composition of these regulatory bodies. The ruling, which has not garnered widespread attention, underscores the potential for rapid policy shifts in the cryptocurrency sector following elections. While the decision grants presidents more control over the SEC and CFTC, it notably spares the Federal Reserve Board from similar changes, maintaining its current structure and independence.
48 minutes ago

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AI, Robotics, and Blockchain to Converge by 2030, Transforming Economy

The convergence of AI, robotics, and blockchain is anticipated to culminate in a transformative event by 2030, reshaping work, economic growth, and investment strategies. This phenomenon, referred to as the Economic Singularity, suggests a comprehensive overhaul of traditional systems, urging stakeholders to leverage these technologies for sustained growth. The latest insights on this topic are discussed in a new episode, emphasizing the importance of embracing these tools for future success.
1 hour ago

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Gold Drops Below $4,000 as Antalpha Sheds $142M in Holdings

Gold prices have fallen below $4,000 per ounce, impacting Antalpha's portfolio significantly. The firm has incurred over $50 million in losses on its gold positions since acquiring them a year ago. Currently, Antalpha holds $138.77 million in gold, a substantial decrease from their peak holdings of $329.86 million in January. The company has sold off approximately $142.28 million of its gold assets during this period.
1 hour ago

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Ondo Finance Partners with SBI Group to Tokenize Japanese Stocks

Ondo Finance has entered into a strategic partnership with Japan's SBI Group to tokenize Japanese stocks. This collaboration will enable the distribution of Ondo's tokenized products within the SBI Group ecosystem. Additionally, the partnership will utilize SBI's JPYSC stablecoin for on-chain settlement and collateral, facilitating a seamless integration of traditional financial assets into the blockchain space.

JPYSC ONDO +17.68%
1 hour ago

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Dune Research Reveals $150 Million Annual Fee Loss in DeFi Due to Underutilized Liquidity

A study by Dune, commissioned by 1inch, has revealed that 85% of concentrated liquidity on decentralized exchanges is underutilized, resulting in an annual loss of $150 million in fees. The research, which analyzed liquidity positions across top pools on platforms like Uniswap and PancakeSwap, found that approximately $542 million in liquidity per week is outside its fee range. Over one-third of this idle capital has been unused for more than 90 days. The study reconstructed liquidity positions from the top 200 most active pools on Uniswap v3, Uniswap v4, PancakeSwap v3, and Aerodrome Slipstream, using data from January 6 to June 30. On average, $1.84 billion in liquidity was assessed weekly, with $1.6 billion being underutilized at any given time, highlighting significant inefficiencies in DeFi liquidity management.

1INCH -1.03% AERO -4.17% CAKE -1.68% UNI +1.84%
1 hour ago

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Fireworks AI Secures $1.5 Billion in Funding, Valuation Hits $17.5 Billion

AI infrastructure startup Fireworks AI has successfully closed a $1.5 billion funding round, elevating its valuation to $17.5 billion. The financing was spearheaded by Atreides Management, Index Ventures, and TCV, with significant contributions from NVIDIA, Evantic, and Lightspeed Venture Partners. This substantial investment underscores the growing interest and confidence in AI infrastructure solutions.
1 hour ago

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Pascal Secures $9 Million Series A Funding Led by USV

Prediction market platform Pascal has successfully closed a $9 million Series A funding round, spearheaded by Union Square Ventures. This latest investment follows a $6 million seed round completed last August, with participation from early backers such as Wintermute Ventures and DBA. Pascal is focused on developing an advanced prediction market platform tailored for professional traders and institutional users, promising lower fees, enhanced liquidity, and sophisticated trading tools akin to perpetual futures.
1 hour ago

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MoonPay Acquires Crypto Startup Glide in All-Equity Deal

MoonPay has acquired Glide, a cryptocurrency deposit startup backed by Y Combinator, in an all-equity transaction. This marks MoonPay's sixth acquisition in 2026. Glide's four-person team, including founders Soni and Qinyu Tong, will join MoonPay. The startup, founded in 2023, developed technology that simplifies cryptocurrency deposits by eliminating the need for users to manually bridge or swap assets across blockchains, enhancing user onboarding efficiency. Glide has received support from Y Combinator, Titan Fund, and other investors.
2 hours ago

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Enso Uncovers Deceptive Practices in DeFi Liquidity Pools

Enso has revealed the existence of "toxic pools" within the decentralized finance (DeFi) ecosystem. These liquidity pools are designed to mislead traders by displaying favorable prices during trade simulations, only to execute transactions at less advantageous rates once the trade is confirmed on the blockchain. This practice undermines trust in DeFi platforms and highlights the need for increased transparency and security measures in the industry.

ENSO +0.08%
2 hours ago

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South Korean Retail Investors Face $1.45 Billion Loss in Leveraged Trading

South Korean retail investors have incurred losses totaling $1.45 billion from leveraged trading over the past month, according to recent data. Approximately 460,000 accounts were forcibly liquidated by brokerages, while around 1.2 million leveraged accounts received margin calls. Young investors, particularly those aged 20 to 30, were significantly impacted, accounting for 62% of the total forced liquidations. The Korea Financial Investment Association reported that between July 1 and July 13, the amount of forced liquidations reached 451.9 billion won. This highlights the substantial financial strain on young investors engaging in high-risk trading strategies in the South Korean stock market.
2 hours ago

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Ledger Launches AI Toolkit for Secure Crypto Management

Ledger has introduced the Ledger Agent Stack, an open-source toolkit designed to enable AI agents to manage cryptocurrency wallets without accessing private keys. This innovative solution allows AI agents to read wallet balances, analyze portfolios, and prepare transactions, while ensuring that all sensitive actions require explicit approval on a Ledger hardware device. This launch marks the first product under Ledger's 2026 AI roadmap, emphasizing the importance of human oversight in AI-driven financial tasks. "Agents propose. Humans approve," the company stated, highlighting the continued reliance on human approval for security.
2 hours ago

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Largest Bitcoin Holders: From Satoshi Nakamoto to Institutional Entities

The largest holders of Bitcoin include a diverse group ranging from the pseudonymous creator Satoshi Nakamoto to major exchanges, ETFs, governments, and treasury companies. These entities collectively control significant portions of the total Bitcoin supply. Tracking these holdings is possible through on-chain analysis tools like Arkham, which provide insights into the distribution and movement of Bitcoin across various wallets and entities.

ARKM -1.53% BTC -0.93%

Phemex Crypto Market Daily: Ondo and Pyth Surge as BTC, ETH Slip; Major PUMP Token Unlock Today (Jul 16)

BlackRock Acquires 734,762 BTC for Spot Bitcoin ETF

1inch Co-Founder Anton Bukov Fired, Launches New Startup

Visa Unveils Stablecoin Platform for Global Merchant Network

US Optical Communication Stocks Plunge, Corning Drops Over 8%

Whale Account Faces $412,000 Loss on SKHX Leverage Trade

Trump Promotes Over 20 Companies on Truth Social After Stock Purchases

Polygon Labs Nears Completion of Coinme Acquisition, Plans Layoffs

Supreme Court Ruling Enhances Presidential Influence Over SEC and CFTC

AI, Robotics, and Blockchain to Converge by 2030, Transforming Economy

Gold Drops Below $4,000 as Antalpha Sheds $142M in Holdings

Ondo Finance Partners with SBI Group to Tokenize Japanese Stocks

Dune Research Reveals $150 Million Annual Fee Loss in DeFi Due to Underutilized Liquidity

Fireworks AI Secures $1.5 Billion in Funding, Valuation Hits $17.5 Billion

Pascal Secures $9 Million Series A Funding Led by USV

MoonPay Acquires Crypto Startup Glide in All-Equity Deal

Enso Uncovers Deceptive Practices in DeFi Liquidity Pools

South Korean Retail Investors Face $1.45 Billion Loss in Leveraged Trading

Ledger Launches AI Toolkit for Secure Crypto Management

Largest Bitcoin Holders: From Satoshi Nakamoto to Institutional Entities