Overview of important developments at noon on July 16

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Cointime2025/07/16 05:35

By:Cointime

7:00-12:00 Keywords: Trump, Bezent, GENIUS Act

1. Pan Du Bitcoin ETF will be listed on the Hong Kong Stock Exchange on July 18;

2. Trump: Bezent is a candidate to succeed the Chairman of the Federal Reserve;

3. Trump: Members of Congress unanimously agreed to vote on the GENIUS Act tomorrow morning;

4. Trump: Will soon send tariff letters to small countries, with rates slightly higher than 10%;

5. BlackRock: U.S. CPI shows tariffs are gradually pushing up prices, most of the impact has not yet arrived;

6. Trump reaches consensus with Republican hardliners on encryption legislation, the bill returns to the track for approval;

7. Democratic Party whip in the United States: There is no additional cryptocurrency legislation voting plan in the House of Representatives today.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14