24H Hot Currencies and News | Yiwu local association denies the popularity of stablecoin settlement; Trump will release trade matters related to at least 7 countries tomorrow (July 9)

1. CEX Popular Cryptocurrencies

CEX Top 10 Trading Volume and 24-Hour Price Changes:

• BTC: + 1.06%

• ETH: + 3.28%

• SOL: + 2.22%

• XRP: + 2.81%

• BNB: + 0.5%

• Doge: + 2.99%

• BONK: -0.81%

• PEPE: + 3.17%

• SUI: + 2.03%

• ADA: 2.3%
  

24H Gainers List (Data Source: OKX):

• MAGIC: + 47.84%

• CRO: + 18.36%

• ZBCN: + 13.05%

• FLOKI: + 8.7%
  

• OMI: + 8.69%

• CELO: + 8.04%

• LOOKS: + 7.07%

• MORPHO: + 7.04%

• RAY: + 6.89%

• PIXEL: + 6.85%

2. Top 5 On-Chain Meme (Data Source: GMGN):

• PHOUSE

• Fartcoin

• MEMELESS

• ALT

• MORI
  

3. 24H Hot Search Cryptocurrencies

MAGIC: MAGIC is the governance token of Treasure DAO, with a vision to build a decentralized ecosystem combining NFT, games, and DeFi for metaverse projects, currently built on Arbitrum (Ethereum L2). In the past 24 hours, MAGIC has risen by over 45%, with a current market value of $52.42 million.

Headlines

Yiwu Local Association Responds to Stablecoin Settlement: Almost None, Low Acceptance Difficult to Circulate Widely

Recently, market rumors suggested that Yiwu has cases of accepting stablecoin payments for foreign trade goods. Reporters from "Daily Economic News" captured two completely different voices during further investigation. One voice believes that stablecoin usage in Yiwu has become common, with some merchants possibly being cautious and unwilling to disclose too much information. Another voice suggests that while some Yiwu merchants may be willing to accept stablecoin payments, such merchants are very few and far from being "widespread".

A local Yiwu association representative stated: "According to our understanding of member units and non-member enterprises, stablecoin settlement is really not common, or almost non-existent. This private cryptocurrency lacking actual endorsement has low credibility and is difficult to circulate widely."

Trump: Tomorrow Morning, We Will Release Trade-Related Matters for at Least 7 Countries

Trump stated that tomorrow morning, they will release trade-related matters for at least 7 countries, with matters for additional countries to be released in the afternoon.

Market Rumor: Truth Social Submits S-1 Form to Apply for Crypto Blue Chip ETF, Including BTC, ETH, SOL, XRP, and Cronos

According to market sources: Truth Social has submitted an S-1 form to US regulatory authorities to apply for a Crypto Blue Chip ETF (Truth Social Crypto Blue Chip ETF). The fund is reportedly registered in Nevada, with an annual settlement date of September 30th each year. The Truth Social Crypto Blue Chip ETF "basket" includes BTC, ETH, SOL, XRP, and Cronos.

Blockchain Technology Listed Company BTCS Plans to Raise $100 Million This Year for Strategic ETH Acquisition

Nasdaq-listed blockchain technology consensus solution BTCS announced plans to raise $100 million by 2025 for strategic ETH acquisition. Additionally, the company announced its transformation into a listed company focused on Ethereum infrastructure, which is part of its long-term vision.

Character*Voice

Robinhood CEO: OpenAI and SpaceX Tokenized Stocks Are Not Entirely Related to the Equity of These Two Companies

Robinhood CEO Vlad Tenev stated in a CNBC interview that technically, OpenAI and SpaceX tokenized stocks are not the equity of these two companies and are "not entirely related". OpenAI's complex corporate structure allows institutional investors to invest in the company through various tools, such as equity that can be converted when it becomes a for-profit company in the future, because OpenAI was initially established as a non-profit organization but gradually developed into a for-profit entity owned by a non-profit organization.