Introduction:
1, Powell's dismissal storm, sources first said that Trump drafted a letter to fire Powell, then Trump said his position was conservative.
2, MicroStrategy's US stocks continue to surge, currently MicroStrategy's stocks have not yet seen a leader.
3, The procedural motion for crypto legislation has passed; it is estimated that it will take 2 days to vote on the details next.
4, Stablecoins saw a massive inflow on the 17th, with USDT inflow of 92 million and USDC inflow of 1.02 billion.
5, Consensys stated that Ethereum is transitioning to 'programmable trust', predicting the target price for ETH in 2028 to be $15,800.
6, The 'WLFI token tradable' proposal ended voting at 1:38 AM Beijing time and passed.
7, The Grok concept ANI surged, driving the entire AI digital human concept, with ANI's highest market value breaking $50 million, AVA AI also surpassing $50 million.
I. Macroeconomic Market
(I) Traditional Markets
1, US stocks: Nasdaq up 0.25%, S&P up 0.32%, Dow up 0.53%, Circle surged 19.39% to 233.
2, US Treasuries, USD: 10-year US Treasuries fell by 0.71% to 4.46%, DXY fell by 0.36% to 98.46%.
3, Gold: High position fluctuating to 3340.
4, MicroStrategy's US stocks sector continues to surge.
Currently, BTC MicroStrategy leader MSTR has a market cap of 124 billion.
ETH MicroStrategy leader Sbet has 2.31 billion, holding ETH valued at $912 million.
SOL MicroStrategy DFDV holds 640,500 SOL, Upexi holds 735,700 SOL.
(II) Policy Trends
1, Powell's dismissal storm.
(1) Sources say: Trump has drafted a letter preparing to fire the Federal Reserve Chairman.
(2) Trump discussed the 'concept of firing (Federal Reserve Chairman Powell)' with the Republican Party, unless there is fraud during the Federal Reserve's renovation process, the federal government's renovation project may involve fraudulent activities. Republican figures push for Powell's dismissal, my position is more conservative.
2, On the same day, the House passed the first procedural motion by a narrow margin of 217-215, deciding to re-examine the debate rules regarding the legislative advancement methods.
This will allow these bills to enter the formal debate and voting process; the overall time may take 2 days.
Full analysis https://x.com/Phyrex_Ni/status/1945537827477098742
(III) Government & Crypto Dynamics
Trump Media Technology Group: Plans to integrate AI capabilities into the iOS and Android applications of Truth Social as well as the web version.
II. Market Review
1, Market Data: BTC's market cap share plummeted by 1.11% to 63.00%, the altcoin season has fully started (expected to end before October 4).
2, Stablecoins saw a massive inflow on the 17th, with USDT inflow of 92 million and USDC inflow of 1.02 billion.
3, ETF data: On the 15th, BTC ETF inflow was 403 million, ETH ETF inflow was 192 million, SOL ETF inflow was 3.3 million.
III. Institutional Dynamics
1, Consensys' latest report.
(1) Explained how Ethereum positions itself as the 'Trustware' for future global trust infrastructure, providing a clear value growth path for ETH through the 'cost-to-corrupt model'.
(2) Consensys believes that Ethereum is transforming from a smart contract platform into a cornerstone of 'programmable trust', achieving a digital alternative to the trust functions provided by traditional intermediaries (banks, audits, legal services) through decentralized, transparent, and immutable code.
(3) The core is: Ethereum's total market cap should be proportional to the scale of the on-chain assets it protects.
Assuming by 2028: Based on this, Consensys' forecasting model estimates the target price for ETH to be $15,800 (slightly conservative), with even higher potential.
2, The US-listed company 'TRX version MicroStrategy' SRM Entertainment's intraday gains expanded to 22.88%.
SRM Entertainment officially changed its name to Tron Inc and will change its stock code from 'SRM' to 'TRON' on NASDAQ starting July 17, 2025. Tron previously announced it would go public through a reverse merger and launch a TRX strategic reserve; SRM has staked all its TRX to earn staking rewards.
3, ETH related.
(1) SharpLink Gaming has added 10,614 Ethereum to its ETH strategy reserve, valued at $35.62 million.
Currently, the company holds a total of 296,508 Ethereum, valued at approximately $997 million.
The listed company SharpLink Gaming updated its announcement that it still has approximately $257 million in capital available for future ETH acquisitions.
(2) [Funds continue to withdraw leverage] Trend Research has sold a total of 48,946 ETH ($151.26 million) to repay its Aave loan. From February 26 to June 20, they accumulated 184,115 ETH (costing about $390 million) by borrowing funds, with an average purchase price of about $2,118.
4, sol
(1) Enterprise-level liquid staking platform Liquid Collective launched a Solana-based institutional-focused liquid staking token Liquid Staked SOL (LsSOL) to meet the needs of institutions and exchange-traded product (ETP) providers.
(2) [Compared to ETH, the buying volume of SOL MicroStrategy is too low] In the past 10 days, DFDV has intensively increased its holdings of SOL, accumulating at least 229,015 SOL (about $35M+).
IV. Industry Hotspots
1, The Grok concept ANI surged, driving the entire AI digital human concept, with ANI's highest market value breaking $50 million, AVA AI also surpassing $50 million.
2, WLFI spent 5 million USDC to buy 1,531 ETH 15 minutes ago, at an average price of $3,265.
3, GMX: GLP's funds on Arbitrum have been fully recovered.
4, The official TRUMP Meme token has reportedly registered a subdomain website named Trumpthegame, possibly preparing to launch a game project.
5, The Trump family's crypto project 'WLFI token tradable' proposal ended voting at 1:38 AM Beijing time and passed.
V. Alpha
1, BN Alpha
Aptos's leading DEX protocol Hyperion has officially completed the initial public offering (IDO) of its platform token RION. This IDO was conducted on Binance Alpha platform, and is the first project on that platform using the Bonding Curve dynamic pricing mechanism, reaching a $20 million FDV cap in one minute, showcasing extremely high enthusiasm and market consensus.
[It is very difficult to buy in; group friends feedback not to buy integers, better to buy in; testing group friends' method I bought into an account, single account $300 profit]
2,
3, Pay attention to Kaito's first launchpad.
4, Three Arrows Capital founder Zhu Su expressed market views stating, 'Pump.fun's TGE boosted SOL's rise' for the following reasons:
Pump.fun itself does not hold a large amount of SOL, so it will not create price pressure through the sale of SOL, alleviating market concerns about 'sale risks'.
The market misunderstands the sale of SOL by Pump.fun; users typically purchase SOL in USD, participate in trades on Pump.fun, and pay SOL fees, while the platform subsequently converts SOL back to USD. This model is merely a conventional consumer business process and will not directly lead to a decline in SOL prices.
Pump.fun's high revenue in the Solana ecosystem (such as achieving $106 million in monthly revenue in November) has attracted more market attention, highlighting Solana's potential as a high-performance blockchain. This not only attracts more developers to build projects on Solana but may also drive the revaluation of SOL as an investment-grade consumption protocol.
Investors in the Solana ecosystem participating in the initial token issuance of Pump.fun, after realizing profits, tend to reinvest funds into SOL, further boosting its demand and price.
5, BitMEX co-founder Arthur Hayes stated on platform X that 'now is the era of ETH; let's review: DeFi, NFT.' Meanwhile, Arthur Hayes changed his X avatar to CryptoPunk.
Additionally, Arthur Hayes expressed particular optimism for the DeFi sector in the Ethereum ecosystem, stating 'if ETH continues to perform excellently, all (projects) charts will soar ahead.'
[This may also be the last window period for OpenSea]
