Decentralized Proof of Stake Network Succinct Announces Foundation Establishment

On July 27th, according to CryptoSlam data, the NFT sales volume on the Ethereum blockchain has reached nearly $160 million in the past 7 days, currently totaling $157,608,881. This includes: - CryptoPunks sales reached $35,143,654 with 172 transactions. - Pudgy Penguins sales reached $8,363,264 with 148 transactions. - BAYC sales reached $5,862,545 with 128 transactions. - MAYC sales reached $4,874,728 with 128 transactions. - Moonbirds sales reached $4,727,400 with 683 transactions.

On July 27th, based on a new survey carried out by Gallup from June 2nd to 15th, approximately 14% of American adults state that they own cryptocurrency. However, the majority claim that they have no interest in purchasing it. Despite a slight rise in digital asset ownership since 2021, the majority of Americans still view digital assets as a speculative investment. The survey indicates that the phenomenon of men under 50 owning cryptocurrency is more prevalent. 25% of men declare that they own Bitcoin or other digital currencies. Furthermore, college graduates (19%), high-income adults (19%), and political conservatives (18%) have a higher rate of cryptocurrency ownership. In contrast, only 7% of adults aged 65 and above state that they own some form of cryptocurrency. 17% of Americans mention that they are interested in cryptocurrency but do not plan to invest in the near future. Only 4% say that they may purchase cryptocurrency soon. 60% of people state that they have no intentio

On July 27th, the Director of the US Office of Management and Budget, Vought, stated that Trump has clearly demonstrated no intention of dismissing Powell. (FX678 News)

On July 27th, U.S. Commerce Secretary Lutnick announced that the deadline for the tariff increase set for August 1st will not be extended any further. Europe expresses a need and a willingness to reach a trade agreement with the United States. The key question now is whether the agreement proposed by the EU is sufficient to persuade Trump to abandon the 30% tariff threat.

On July 27th, based on on-chain information, a large holder recently held a 2x leveraged long position in Ethereum for nearly 1 hour. Currently, it is holding a long position in $12.977 million worth of Ethereum at an entry price of $3,837. In addition, the same address holds the largest long position with a 3x leveraged long position in XRP, and the position value is $16.26 million. This address has accumulated a profit of $1.447 million on Hyperliquid.

On July 27th, Fabian Dori, the Chief Investment Officer of Sygnum, stated that the GENIUS Act will bring about a transformation in the stablecoin landscape. This will prompt issuers to shift from a yield-oriented model to a payment use case. The revised bill makes a clear distinction between interest-bearing stablecoins and payment-use stablecoins, bringing the U.S. framework closer to the EU's MiCA regulation and laying the foundation for a "global consensus." Dori believes that regulatory clarity will stimulate institutions to develop innovative "killer applications," thereby generating a whole new demand for payment services. (Cointelegraph)