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These three altcoins saw significant declines today. Can they reclaim key support levels, or are deeper losses ahead?
Senator Cynthia Lummis sees Bitcoin as a solution to the US debt crisis, proposing a national reserve to leverage its long-term appreciation. Her BITCOIN Act is gaining traction, with 15 states backing similar initiatives.
The crypto market has dipped in response to President Trump’s plan to enact steep tariffs on imported goods from Canada, Mexico, and China beginning on Tuesday.Canada and Mexico have ordered retaliatory tariffs in response, while China promised “corresponding countermeasures” and said it would file a lawsuit with the WTO.Memecoins were particularly hard-hit by the downturn, with many top coins seeing double-digit percentage drops. Trump’s memecoin has fallen nearly 30% over the past week.
Quick Take THORChain’s governance approved a proposal to address a nearly $200 million debt crisis. The approved plan involves converting defaulted debt into equity by issuing creditors a new token called TCY. TCY token holders are entitled to 10% of THORChain’s revenue in perpetuity.
Quick Take Story is a specialized Layer-1 blockchain transforming intellectual property (IP) into a programmable asset class critical for artificial intelligence (AI). IP has emerged as the largest intangible asset class in the world, ranging from code and data to scientific research, and AI models depend on it for both training and inference. By bringing IP on-chain, Story streamlines licensing, automates royalties, and ensures verifiable ownership at scale. This research is commissioned by Story Foundati
- 14:44An ETH Swing Whale Sold Another 10,000 ETH via Wintermute Half an Hour AgoAccording to Jinse Finance, analyst Yujin has monitored that a certain ETH swing whale sold another 10,000 ETH through Wintermute half an hour ago. From June 11 to June 22, during the third round, they bought 132,000 ETH at an average price of $2,540, and then began to sell ETH in batches for profit-taking starting July 9. So far, they have sold 73,592 ETH in exchange for 200 million USDC, with an average selling price of $2,720, realizing a profit of $13.24 million from these sales. They currently still hold 60,000 ETH (approximately $180 million).
- 14:22Inception, a restaking protocol built on EigenLayer, announces cessation of operationsChainCatcher reports that the restaking protocol Inception, built on EigenLayer, has announced it will cease operations. According to the announcement, Inception has not found a suitable product-market fit over the past two years. In addition, the lack of liquidity incentives in shared security has made it difficult for the protocol to move forward. As previously reported by ChainCatcher, the decentralized liquidity restaking protocol Inception announced the completion of a $3.5 million seed round, with participation from London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, Absoluta Digital, and others. The new funding was intended to support the development of a modular risk management framework, enabling users to select reward-generating assets to maximize points rewards and the utility of liquid staking tokens (LSTs).
- 14:09BlackRock's Spot Bitcoin ETF Assets Surpass $80 BillionOdaily Planet Daily reported, according to SoSoValue data, as of July 10, the total net asset value of BlackRock’s spot Bitcoin ETF, IBIT, has reached $80.11 billion, with cumulative net inflows exceeding $53.45 billion, making it the fastest ETF in history to reach this asset scale. IBIT currently has a daily trading volume of $1.67 billion, accounting for approximately 3.55% of Bitcoin’s market capitalization.