Key Market Intelligence on July 3rd, how much did you miss?

律动BlockBeats

2025-07-03 18:57

Read this article in 8 Minutes

1. On-chain Funds: $29.6M Flows into Arbitrum; $145.6M Flows out of Ethereum 2. Largest Gainers and Losers: $BONK, $H 3. Top News: Speaker of the U.S. House of Representatives: Final Vote on "Build Back Better Act" to Take Place Tonight at 8 p.m.

Featured News

1. Bitcoin Reclaims Above $110,000

2. U.S. House Speaker: Final Vote on "Build Back Better Act" to Take Place Tonight at 8 PM

3. U.S. Non-Farm Payrolls Data to Be Released Tonight, Major Stock Market Volatility Expected

4. Some Veteran Meme Coins Continue to Surge, Neiro, CHILLGUY, BONK, WIF Lead the Way

5. Upbit to List Solana Ecosystem's MOODENG KRW, BTC, USDT Trading Pairs

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

ARB: Today's Twitter discussions about ARB focused on key developments and market sentiment within the Arbitrum ecosystem. Core topics included the launch of new projects and partnerships like the Super Lending App and Yapyo, further solidifying Arbitrum's leading position in the Layer 2 space. The community debated ARB's DeFi incentives and governance mechanisms, comparing them to other L2 projects and discussing the potential impact of tokenization and Real World Assets (RWA). Overall sentiment was optimistic, with many expressing confidence in Arbitrum's development prospects and industry influence.

DOGDOG: DOGDOG (token symbol $DOG) sparked discussions on Twitter as it prepares to list on the Kraken exchange. The community sees this as a significant milestone for decentralized meme projects—the project was entirely distributed through airdrops with no internal reserves. With $DOG becoming tradable, especially with increased accessibility to U.S. users, the community expects more top-tier exchanges to follow suit. The DOGDOG community, known for its high activity, is currently actively encouraging users to deposit to Kraken and provide liquidity in preparation for the listing.

UNI: Today, the discussion around UNI mainly focused on the launch of the new feature "Uniswappy" – allowing users to create their own Uniswap trading cards, sparking significant community engagement. Additionally, in discussions about DeFi ecosystem evolution, Uniswap was frequently mentioned as a core industry player. The conversation also touched upon its key role in governance structure, market strategy, and the broader crypto ecosystem.

XRP: Today's discussion about XRP centered on Ripple's announcement of a partnership with Wormhole to enhance multi-chain interoperability between the XRP Ledger and its EVM sidechain, seen as a significant milestone for the XRPL ecosystem. Furthermore, Ripple's ongoing lawsuit with the SEC remains a topic of widespread interest. The latest development saw Judge Torres denying both parties' motions for a "judgment on the pleadings," indicating that the legal battle continues. Despite this, Ripple maintains that XRP's non-security status remains unchanged.

COIN: Coinbase attracted significant attention today as it announced the launch of a cryptocurrency futures product similar to perpetual contracts in the US on July 21. This move is seen as a major development in the crypto market, expected to bring tax advantages and attract US traders. Additionally, Coinbase's stock price hit an all-time high, reflecting positive market sentiment. Discussions also mentioned Coinbase's strategic expansion, including its inclusion in the S&P 500 index and becoming the primary broker for ETFs. The newly launched high-end service Coinbase Concierge and the continuous Bitcoin purchase plan further solidified its market position.

Selected Articles

1. "Why OpenAI Doesn't Want to Trade 'Stocks' on Robinhood?"

In early July, Robinhood announced the launch of tokenized stocks for OpenAI and SpaceX, open for purchase to its European users, with a gift of €5 each, marking the beginning of tokenization of private equity. However, almost simultaneously, OpenAI's official statement refuted: "These OpenAI Tokens do not represent OpenAI equity. We have not been involved in the plan and do not endorse it. Any equity transfer requires our approval." Tokenizing private equity waves the flag of "equality," welcoming retail investors, but OpenAI's response raises the question: Is equity tokenization the future breakthrough of financial innovation or a scheme called "equality"?

2. "Arthur Hayes: How Stablecoins Became the "Antidote" to the U.S. Treasury Crisis"

Perhaps politicians do care about financial freedom at an abstract level, but hollow ideals do not drive concrete action. There must be other, more practical reasons that led to their dramatic shift in attitude towards stablecoins. Looking back at 2019, Facebook attempted to integrate the stablecoin Libra into its social media empire, only to be forced to shelve the project due to opposition from political figures and the Federal Reserve. To understand the BBC's enthusiasm for stablecoins, we need to examine the key issues it faces.