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Solana's Market Cap Surpasses BNB Again After Five Months, Rises to Fifth Place in Global Cryptocurrency Market

12 hours ago

On July 22nd, based on CoinGecko data, Solana's market capitalization has once again exceeded BNB after five months and risen to the fifth position in the global cryptocurrency market capitalization ranking. Solana's current market capitalization is $107.6 billion, while BNB's current market capitalization is $106 billion. Previously, on February 23rd, BNB's market capitalization surpassed $104.2 billion and surpassed SOL to rise to the fifth position in the global cryptocurrency market capitalization ranking.
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Bitcoin Surpasses $120,000

On July 23rd, based on HTX market data, Bitcoin exceeded $120,000, witnessing a 24-hour price increase of 2.40%.

31 minutes ago

Trump: Philippines Will Pay 19% Tariff

On July 23rd, U.S. President Trump stated on social media: "The Philippine President Ferdinand Marcos and his numerous representatives have just left the White House. It was an excellent visit, and we have reached a trade agreement. The Philippines will open its market to the U.S. with zero tariffs. However, it should be noted that the Philippines will also pay a 19% tariff. Additionally, we will collaborate on the military front. I am honored to be with this president. He is highly regarded in his country and deserves that. He is also an extremely excellent and tough negotiator." (Golden Finance)

31 minutes ago

SpaceX: Musk Might Return to US Politics

On July 23rd, according to market news: The space exploration company SpaceX has cautioned investors that CEO Musk may re-enter US politics. (Xinhua Finance)

31 minutes ago

Circle Introduces Circle Gateway: A New Infrastructure to Achieve Cross-Chain Unified USDC Balance

On July 23rd, according to official information, Circle has officially launched the Circle Gateway testnet. It initially supports the Avalanche, Bitcoin, and Ethereum mainnets, enabling users to access USDC across chains in seconds. The mainnet version is about to be launched and will continue to expand to more blockchains. The key features are as follows: 1. Cross-Chain Access in Less Than 500ms: There is no need for cross-chain bridges or pre-positioning of assets. Users can quickly call a unified USDC balance. 2. Efficient Liquidity Management: By integrating a single system, it meets the multi-chain liquidity needs and reduces capital utilization. 3. Non-Custodial Design: Users have full control over USDC. Funds can only be moved with signed authorization, and withdrawals do not require trust in a third party.

31 minutes ago

Bloomberg Analyst: Bitcoin and Ethereum ETF Approval Signals Positive Development in Creation and Redemption Mechanism

On July 23rd. Bloomberg ETF analyst James Seyffart stated in a recent article that five ETFs listed on CBOE have submitted amended filings to the SEC. This indicates that the regulatory agency is actively involved in discussions with the funds and is making detailed adjustments. It may potentially pave the way for an in-kind creation and redemption mechanism. It is important to note that this mechanism is only applicable to authorized participants (such as large Wall Street institutions and market makers). Regular investors cannot directly exchange Bitcoin or Ethereum spot assets for ETF shares.

31 minutes ago

With the rise of decentralized derivatives trading, USDC supply on Hyperliquid has increased to 4.9 billion coins

On July 23rd, as per The Block, the supply of USDC on Hyperliquid has witnessed a substantial increase since the start of the year. It has doubled to 4.9 billion. This growth reflects the escalating significance of decentralized perpetual contract trading platforms. USDC serves as the primary settlement currency for derivatives trading on this platform. Hyperliquid has demonstrated robust trading momentum. It has processed more than $150 billion in volume just in July. The platform's volume now accounts for 11.5% of Binance's, indicating its rapid expansion as a leading on-chain perpetual contract platform.

31 minutes ago