BlockBeatNews

BlockBeats news, on July 19, WLFI announced, "The tradability of WLFI Token has been approved by the community. We expect to fully launch within 6 to 8 weeks - strategic alignment (alliances, big stage, smart unlocking) takes time to unleash its full potential. We are reaching some powerful cooperation agreements that may reshape the future of WLFI Token, preparing for a major launch on mainstream platforms, and establishing a fair unlocking timeline. This is not a delay, but rather minting a legend."

BlockBeats news, on July 18, Fed's Goolsbee stated that the latest Consumer Price Index shows that tariffs are driving up commodity inflation, and he holds a "slightly worried" attitude towards this. "Seeing the debate about the Fed's independence pains me. Interest rates are expected to decline significantly in the coming year." (Jin10)

U.S. consumer confidence rose slightly to 61.8, reaching a five-month high but still below historical averages. Despite a decline in inflation expectations, consumers' confidence in the likelihood of economic recovery remains low, especially in the context of uncertain trade policies.

BlockBeats news, on July 18, Glassnode published that the speed at which Bitcoin Whales are transferring to trading platforms is accelerating. The 7-day moving average is approaching about 12,000 Bitcoins—one of the highest transfer volumes this year, comparable to the surge expected in early November 2024. While still below last year's peak, this is likely to indicate a trend of capital rotation or profit-taking.

BlockBeats news, on July 18, according to Cointelegraph, the US-listed company Basel Medical Group Ltd announced today that it has suspended its Bitcoin acquisition strategy due to ongoing uncertainty regarding US regulations surrounding digital assets.

BlockBeats news, on July 18, according to official information, KULR Technology, a publicly listed company in the US stock market, announced that BlackRock has acquired 5.6% of KULR's shares. According to previous reports, as of July 10, KULR Technology's total Bitcoin holdings reached 1021 coins.

The Trump administration will sign an order allowing pension funds to invest in Crypto Assets, signaling that Digital Money such as Bitcoin will see an influx of funds, potentially driving its price rise. BiyaPay offers a zero-fee trading platform to help investors seize opportunities against this historic policy backdrop.

BlockBeats news, on July 18, according to Bloomberg, a key strategist of the lobbying campaign that turned Donald Trump into the most powerful supporter of cryptocurrency is placing big bets in one of the hottest areas of the industry and reaping incredible rewards. According to informed sources, David Bailey's hedge fund 210k Capital achieved a net return of 640% over the 12 months ending in June, far exceeding the rise of Bitcoin itself. The fund has invested in about a dozen companies that have transformed into Bitcoin purchasers. As of June 30, 210k Capital's assets under management reached $433 million.

BlockBeats news, on July 18, Eric Trump, the second son of Trump, reposted a screenshot of his own tweet "Buy the dips!!!" (B stands for Bitcoin) published on February 25 this year on social media. BlockBeats note: After Eric Trump previously tweeted about buying the dip in Bitcoin and buying Ether, the coin prices did not strengthen in the short term.

BlockBeats news, on July 18th, Glassnode posted on social media that the Bitcoin price recently touched the short-term holder cost benchmark (approximately $120,000) above the +1 standard deviation (SD) level, which often forms a resistance level during historically strong bullish trends. If the current trend continues, the next key resistance level will be near the +2 standard deviation (approximately $136,000).

According to BlockBeats news on July 18, data from the market shows that the market share of Bitcoin (BTC.D) fell by 4.8% over the week, currently reported at 61.67%. During the same period, the total market capitalization of encryption rose by 4.43%, while the total market capitalization excluding Bitcoin (TOTAL 2) rose by 13.19%, and the total market capitalization excluding both Bitcoin and Ethereum (TOTAL 3) rose by 10%.

A trader started shorting ETH at $2969 on July 12, closed all positions at $3051 on July 14, earning $7.42 million, and has now transferred $5 million U to supplement Margin, but the shorting has unrealized losses of $9.44 million.

The total global DOGE open interest has reached a record of 16.24 billion coins, an increase of 48% compared to last month. Analysis indicates that the number of open contracts rising in tandem with price is a signal of trend confirmation; strong demand for leveraged go long could exacerbate price Fluctuation.

Matrixport pointed out in its weekly report that the US policies and macro data are favourable, Bitcoin has entered a new trading range, with prices approaching the upward boundary, and it is expected to enter a consolidation period. In the short term, it may pull back to the 106,000-108,000 USD range, and if it stabilizes, it will lay the foundation for the next round of rise. Current market sentiment is somewhat overheated, so caution is advised in operations, and future trends will be influenced by catalysts.

Lawyer Logan Payne from Winston & Strawn law firm analyzes three upcoming cryptocurrency bills, pointing out that the GENIUS bill may create uncertainty for DeFi platforms handling stablecoins, and predicts that more legislation will be introduced in the future.

Pudgy Penguins CEO Luca Netz stated that they are seeking a new round of financing for Abstract, aiming to involve the community and to drop the entry barriers to Web3 by developing the iOS and Portal applications.

BlockBeats news, on July 18, according to market news, U.S. President Trump is expected to announce policy guidelines regarding artificial intelligence, which will call for loosening regulations, expanding energy sources for data centers, while urging Congress to consider passing federal legislation to proactively oversee this emerging technology. (Jin10)

BlockBeats News, on July 18, according to Polyhedra Network, the on-chain trading platform Ocash developed by Polyhedra is about to launch its Testnet. Ocash aims to build a settlement system that protects user privacy and operates on-chain, providing a new solution for next-generation financial infrastructure. Ocash features "default privacy, compliance on demand," ensuring compliance requirements are met while protecting user privacy.

Unicorn Verse founder Anna Ann participated in the "Unicall" event, and the price of MORE surged, putting pressure on some users' Holdings. The UnicornX team conducted an Airdrop rewards for users with more "diamond hands" and launched the "Belief Companion Incentive" program in response to users' trust.