BlockBeatNews

BlockBeats news, on July 17, Huaxia Fund (Hong Kong) announced the launch of the second batch of tokenized funds, the Huaxia US Dollar Digital Money Fund and the Huaxia Renminbi Digital Money Fund, which together with the Hong Kong Dollar Digital Money Fund approved in February this year form a complete series of tokenized currency funds. Among them, the Huaxia Renminbi Digital Money Fund is the world's first tokenized fund denominated in Renminbi.

The U.S. House of Representatives has passed three crypto assets bills, marking a significant advancement in the encryption regulatory framework. Meanwhile, the economic outlook is neutral, and Trump has hinted at a low interest rate policy. Analysts suggest BTC maintain its consolidation, follow short-term support and resistance levels.

Roam Premium eSIM has launched a new communication solution that supports calls, SMS, and high-speed data in over 160 countries worldwide. Users can activate it through the Roam App without the need for a physical SIM card, and they will be billed at local rates. The service supports various deposit methods, and in the future, payment with ROA Token will be added. Additionally, the Roam App has introduced an ad-watching feature, allowing users to earn extra rewards by watching advertisements.

The Decentralized Finance protocol World Liberty Fi (WLFI) governance token received 99% support in community voting and is expected to go live on the trading platform soon. The protocol raised approximately $590 million in a presale last year, attracting investors such as Tron founder Justin Sun.

BlockBeats news, on July 16, Pendle's sUSDe PT Token, which will expire on September 25, is about to sell out quickly after being listed on AAVE, with over 98% of the $200 million quota currently subscribed. Pendle PT (Principal Token) has become an important collateral in Decentralized Finance, with a current market capitalization of over $2.67 billion, and Aave holds over $2 billion of PT as collateral.

BlockBeats news, on July 16, according to GMGN data, a certain ai16z, ARC Whale built a position of about 2.4 million GEN tokens, and this whale previously made a profit of over 1.9 million USD in ai16z. The market capitalization of GEN Token has exceeded 15 million USD, rising more than 12% in 24 hours, with a trading volume of 1.1 million USD in 24 hours. BlockBeats

On July 16, the stock price of SRM Entertainment rose by 30%, currently reported at $8.8. The company will be renamed Tron Inc in 2025, with the stock code changing to TRON, and it will go public through a reverse merger. TRON has staked all TRX to generate income.

BlockBeats news, on July 16, according to Cointelegraph, GameStop CEO Ryan Cohen stated in an interview that due to rising costs, the company is adjusting its strategy to reduce its reliance on hardware and instead focus on the trading card and collectibles business, and these products may be available for purchase with Crypto Assets in the future.

$SERAPH experienced a concentrated dumping on July 12, leading to severe price Fluctuation. The project party quickly took buyback measures to stabilize the market, emphasizing that the event would not affect long-term development, rewards would be distributed normally, and they apologized to users.

BlockBeats news, on July 16, the U.S. June PPI year-on-year recorded at 2.3%, the lowest since September 2024, with market expectations at 2.5%. The U.S. June PPI year-on-year is 2.3%, expected 2.5%, previous value revised from 2.60% to 2.7%. (Jin10)

According to BlockBeats news, on July 16, GMX officially announced the follow-up progress of the GMX V1 vulnerability attack on Arbitrum, which resulted in an attack of approximately 42 million dollars. After successful negotiations, all funds of GLP on Arbitrum have been recovered. The funds have been returned and are currently held by the DAO, awaiting distribution to the liquidity providers in the Arbitrum GLP treasury.

According to BlockBeats news on July 16, as per market information, the US-listed company BTCS Inc (BTCS) rose over 18.6% in pre-market trading. BTCS purchased 2,731 ETH last night, bringing its total ETH holdings to 31,855.

According to BlockBeats news, on July 16, crypto analyst @IamCryptoWolf expressed his price prediction view, stating that he does not believe Ethereum will reach $80,000 in this cycle, with a conservative estimate of $8,000 to $13,000. If the momentum is really strong, the target is $15,000 to $18,000. @IamCryptoWolf published his analysis on the Tradingview platform in 2014 and has 111,000 followers on the X platform.

BlockBeats news, on July 16, according to analyst @alicharts, if the XRP weekly Closing Price can close above 3 dollars, it is expected to reach a new historical high of 4.8 dollars.

BlockBeats news, on July 16, according to the latest announced terms of service for the PYUSD stablecoin, Paypal plans to expand the PYUSD stablecoin to the Arbitrum chain. PYUSD is issued by Paxos, pegged at 1 USD, and fully backed by USD deposits, US Treasury securities, and US Treasury repurchase agreements. PayPal also launched the PYUSD rewards program, allowing eligible users to earn rewards based on their holdings.