Today's news highlights:
Block, owned by Jack Dorsey, will be included in the S&P 500 index on July 23.
Executives warn: JPMorgan's data charging plan could 'devastate' cryptocurrency and fintech startups.
After Base App integrated Zora's content tokenization technology, the price of ZORA tokens rose.
Binance will remove seed labels from BONK, EIGEN, ETHFI, PENGU, and PEPE on July 21.
Insiders: Pump.fun will distribute PUMP airdrop on July 24.
The Ethereum spot ETF saw a net inflow of $2.18 billion last week, marking a historic high for weekly net inflows.
CoinShares: Record inflow of $4.39 billion into digital assets this week, with Ethereum attracting $2.12 billion.
Solana's market value has surpassed Vanguard Group, rising to 214th place in the global asset market rankings.
The total market value of NFTs has risen above $6 billion, reaching its highest level since early February.
Regulation/Macro
Ethereum launches The Torch NFT to commemorate its tenth anniversary, with minting open to everyone on July 30.
Ethereum's official X account announced the launch of 'The Torch' NFT to pay tribute to those who shaped its development and values during the first decade of Ethereum, and will assist in building Ethereum's future. It is reported that this The Torch NFT will symbolically be passed between wallets and will be destroyed to commemorate Ethereum's tenth anniversary. Additionally, everyone will be able to mint a commemorative NFT on July 30.
Bitcoin Core developers have fixed a disk filling vulnerability that has existed for five years.
According to Protos, the Bitcoin Core development team fixed a disk filling vulnerability that had plagued full node operators for five years this month. This vulnerability allowed attackers to force node hard drives to continually write redundant data through malicious logging commands (such as LogPrintf, LogInfo, LogWarning, or LogError), severely impacting mechanical hard drive nodes and even degrading the performance of flash storage devices. This fix was submitted via PR 32604, merged into the main branch by senior developer Gloria Zhao, and passed 19 checks with no objections. Developers expect that once the patch is widely adopted with the new version of Bitcoin Core, disk filling attacks will disappear completely. The latest version of Bitcoin Core is 29.0, released on April 14, and Core versions are usually upgraded every few months. As a voluntary software package that does not allow automatic updates, full node operators must always choose to manually upgrade their software. About 16% of node operators are running version 29.0, while others are using older versions.
Block, owned by Jack Dorsey, will be included in the S&P 500 index on July 23.
According to The Block, Twitter co-founder Jack Dorsey's payment platform Block Inc will be included in the S&P 500 index on July 23. After this news was confirmed late Friday, the stock rose 10% in after-hours trading. Block Inc is a tech company operating multiple business units within the digital asset ecosystem, with its Bitkey brand being a simple self-custody wallet built for Bitcoin, and Proto being a suite of Bitcoin mining products and services. Last summer, Block began investing 10% of its Bitcoin profits into BTC monthly and open-sourced its financial blueprint for others to follow. It was previously reported on July 19 that Block would join the S&P 500 index but did not specify a timeline.
Opinion
Executives warn: JPMorgan's data charging plan could 'devastate' cryptocurrency and fintech startups.
According to Fortune magazine, last month when JPMorgan informed fintech companies of plans to charge them for accessing their customers' bank account data, this move sparked strong reactions in multiple sectors of the financial industry. According to four industry executives, this move is a setback for the fintech industry and could have devastating effects on early-stage startups, including those in the cryptocurrency sector. However, analysts believe that established fintech companies such as PayPal and Block (formerly Square) are unlikely to be significantly affected by this fee adjustment. Under this plan, whenever consumers transfer funds from JPMorgan to cryptocurrency accounts or third-party services like Robinhood, the bank may charge fees to data aggregators. Cryptocurrency and fintech companies often use aggregators like Plaid or MX to access customer accounts at major financial institutions like JPMorgan. So far, banks have not charged fintech companies, but this situation may change. It is widely expected that aggregators will pass on new fees to fintech clients, with some even potentially passing costs onto consumers.
Project updates
Binance: Users holding at least 210 Binance Alpha points can apply for TA token airdrop.
According to the official announcement regarding the launch of Trusta AI (TA), Binance has updated that after trading begins, users holding at least 210 Binance Alpha points can apply for 750 TA token airdrop. First come, first served, until the airdrop pool is exhausted or the event ends. 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 regarded as a waiver of the claim. Starting today, the risk pre-check for the airdrop activity will be advanced to 5 minutes before it starts, so please prepare in advance.
After Base App integrated Zora's content tokenization technology, the price of ZORA tokens rose.
According to The Block, with the launch of Base App and its integration with Zora's infrastructure, Zora's native token has surged over 60% (as of the publication of this media). Last week, Coinbase's Layer 2 blockchain Base rebranded its wallet application to Base App. It introduced several improvements, emphasizing content tokenization and fully leveraging the infrastructure of Farcaster and Zora. This integration allows users to create and trade tokens related to social media posts directly within the app. In this setup, Zora's technology will empower the base application to tokenize content and position ZORA tokens as a key component. The tokens can be used to mint content coins, pay referral fees, and participate in ecosystem incentives. Additionally, Coingecko data shows that ZORA tokens are currently priced at $0.02146, with a 24-hour increase of 65.3%.
Consensys: A minority of MetaMask users report 'abnormally high disk activity', and a fix will be released soon.
According to Cointelegraph, MetaMask developer Consensys has confirmed that it will urgently fix the browser extension's abnormal disk writing issue. Multiple users reported that the plugin was continuously writing data in the background, reaching up to 5MB per second, resulting in daily writes of 500GB to solid-state drives (SSD). The issue dates back to May 9 when user 'Quanquan' reported that the unused MetaMask plugin wrote 100GB of data in one day. On June 24, user ripper31337 documented the issue in detail, noting that the total write over three months reached 25TB. A Consensys spokesperson acknowledged the 'abnormally high disk activity,' primarily affecting users with excessively large state data, and promised to fix it by reducing write frequency and optimizing data fetching strategies. Feedback shows that as of July 17, the vulnerability still exists. Some users claim that the plugin has consumed 50% of their SSD's lifespan. The MetaMask team responded again on July 19, stating that the repair plan is in progress.
Binance will remove seed labels from BONK, EIGEN, ETHFI, PENGU, and PEPE on July 21.
According to the official announcement, based on a recent audit, Binance will remove seed labels from certain tokens on July 21, 2025. The tokens from which seed labels will be removed are as follows: Bonk (BONK), EigenLayer (EIGEN), ether.fi (ETHFI), Pudgy Penguins (PENGU), Pepe (PEPE). Other services related to the above tokens will not be affected; the seed labels for the above tokens will be updated shortly after this announcement is made.
Insiders: Pump.fun will distribute PUMP airdrop on July 24.
According to crypto KOL Downsin Jerome, Pump.fun co-founder and CEO Alon Cohen stated that the PUMP airdrop will begin for eligible active Solana wallets at 23:00 Beijing time on July 24, 2025.
Important data
CoinShares: Record inflow of $4.39 billion into digital assets this week, with Ethereum attracting $2.12 billion.
According to CoinShares statistics, inflows into digital asset investment products reached a historic high last week, totaling $4.39 billion, with total inflows this year reaching $27 billion, and total managed assets (AuM) surpassing $220 billion. Ethereum performed outstandingly, attracting $2.12 billion in inflows, nearly double the previous weekly record, with cumulative inflows for 2025 reaching $6.2 billion, exceeding the total for 2024. Bitcoin saw inflows of $2.2 billion, with ETP trading volume globally reaching a new high of $39.2 billion, most of which came from the U.S. ($4.36 billion). Additionally, Solana, XRP, and Sui recorded inflows of $3.9 million, $3.6 million, and $930,000 respectively.
Solana's market value has surpassed Vanguard Group, rising to 214th place in the global asset market rankings.
According to 8marketcap data, Solana (SOL) has a market value of over $102.63 billion, surpassing Vanguard Group (The Vanguard Group), ranking 214th in the global asset market.
SOL has broken through $190, reaching its highest level in 5 months.
According to Binance market data, SOL has broken through $190, reaching a new high since February 17, with a 24-hour increase of 6.3%.
The total market value of NFTs has risen above $6 billion, reaching its highest level since early February.
According to The Block, CoinGecko data shows that the total market value of the global NFT market has risen to $6.04 billion, increasing by 16.9% in the past 24 hours, reaching its highest level since early February. Additionally, CryptoSlam data indicates that in the past 24 hours, global NFT market sales surged by 154%, reaching $41.4 million. Notably, OpenSea disclosed that a whale with the address '0x1bb351...72d6' spent over 2,080 ETH to purchase 45 CryptoPunks NFTs. In the past 24 hours, the floor price of CryptoPunks has risen by 15.9%, reaching 47.5 NFTs. LVRG Research director Nick Ruck stated that during Bitcoin's consolidation, altcoins like Ethereum and the NFT market gained momentum due to overall increases and a rebound in risk appetite. Traders reignited interest in mainstream NFT projects like CryptoPunks, believing their prices are undervalued and may usher in a second wave of market activity, and this bull market may exceed last year's short-term rebound. However, Kronos Research's chief investment officer Vincent Liu believes that long-term demand for NFTs depends on wallet activity.
The Ethereum spot ETF saw a net inflow of $2.18 billion last week, marking a historic high for weekly net inflows.
According to SoSoValue data, the Ethereum spot ETF saw a net inflow of $2.18 billion last week (Eastern Time from July 14 to July 18). The Ethereum spot ETF with the highest net inflow last week was Blackrock's ETF ETHA, with a weekly net inflow of $1.76 billion, and ETHA's historical total net inflow currently stands at $8.06 billion. The second highest was Grayscale's Ethereum Mini Trust ETF ETH, with a weekly net inflow of $202 million, bringing ETH's historical total net inflow to $1.03 billion. Notably, all nine Ethereum ETFs saw net inflows last week, with ETHA and ETH both hitting historical highs for weekly net inflows. As of the time of writing, the total net asset value of Ethereum spot ETFs is $18.37 billion, with an ETF net asset ratio (market cap as a percentage of Ethereum's total market cap) of 4.19%, and historical cumulative net inflow has reached $7.49 billion.
The Bitcoin spot ETF saw a net inflow of $2.39 billion last week, continuing six weeks of net inflows.
According to SoSoValue data, the Bitcoin spot ETF saw a net inflow of $2.39 billion last week (Eastern Time from July 14 to July 18). The Bitcoin spot ETF with the highest net inflow last week was Blackrock's Bitcoin ETF IBIT, with a weekly net inflow of $2.57 billion, marking the second highest weekly historical net inflow. Currently, IBIT's historical total net inflow has reached $56.97 billion. The second highest was Grayscale's Bitcoin Mini Trust ETF BTC, with a weekly net inflow of $41.86 million, and BTC's historical total net inflow currently stands at $1.64 billion. The Bitcoin spot ETF with the highest net outflow last week was Grayscale's ETF GBTC, with a weekly net outflow of $12.3 million, bringing GBTC's historical total net outflow to $23.51 billion. The second highest outflow was from Ark Invest and 21Shares' ETF ARKB, with a weekly net outflow of $12 million, while ARKB's historical total net inflow currently stands at $2.92 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $152.4 billion, with an ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) of 6.51%, and historical cumulative net inflow has reached $54.75 billion.
A new wallet spent 2,082 ETH to purchase 45 Cryptopunks NFTs.
According to Onchain Lens monitoring, a newly created wallet spent 2,082 ETH (worth $7.79 million) to purchase 45 Cryptopunks NFTs. Additionally, this whale also spent 60.5 ETH (worth $227,000) to purchase several Art Blocks Curated NFT series Chromie Squiggles.
