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Quick Take Barstool Sports founder Dave Portnoy appears to have mistakenly invested nearly $170,000 worth of Solana buying a random LIBRA token, not the one grabbing headlines in recent days. The LIBRA token Portnoy purchased, which has a different contract address than the memecoin famously linked to Argentinian President Javier Milei, shot up in price after the memecoin trader bought it. Portnoy could lose more than half of what he paid for the illiquid token if he liquidates his position.
Quick Take Buyers of Trump-branded watches, fragrances, sneakers or digital collectible cards may be eligible for a TRUMP memecoin airdrop. Users will get three TRUMP tokens no matter how many products they purchased, as long as they bought the items before Feb. 15.
Quick Take Argentinian President Javier Milei faces fraud charges over his involvement in the Solana-based LIBRA memecoin, which collapsed 95% from its peak. An Ethereum user burned 500 ETH ($1.38 million) on Monday and 603.38 ETH ($1.67 million) in total over the past seven days to spread bizarre warnings about alleged “brain control” technology via onchain messages.
Quick Take Standard Chartered, Animoca Brands and HKT have teamed up to issue a Hong Kong dollar-backed stablecoin. The initiative comes as Hong Kong prepares to pass a bill regulating stablecoins.
About 500 ETH ($1.37 million) was sent to the Ethereum burn address. An accompanying cryptic message accused Kuande Investment executives of misconduct. The same address previously made significant donations to WikiLeaks and a Ukraine donation address.
SOL is predicted to soar to as much as $1,000 in the near future. XRP and ETH have also formed technically bullish setups in their price action. ADA is also forecasted to claim $1 as the broader market remains sluggish.
Fed’s hawkish stance and unexpected inflation data drove digital asset outflows, with Bitcoin and Ethereum taking major hits.
- 03:12ECB Likely to Stand Pat as Lagarde May Reiterate Downside Risks to GrowthAccording to Jinse Finance, the European Central Bank may opt to delay interest rate cuts in order to address economic risks arising from Trump’s tariffs. In their final decision before entering a seven-week summer recess, policymakers are likely to keep the interest rate at 2% on Thursday, maintaining this level until the tariffs are actually implemented and their impact can be more accurately assessed. However, policymakers are well aware that risks are looming: in addition to concerns over tariffs, a stronger euro is dampening inflation prospects and further squeezing exporters, while France’s public finance issues could be brewing a new political crisis. Against this backdrop, the ECB may internally acknowledge a rising likelihood of a rate cut in September. Economists at Morgan Stanley noted that, based on these factors, President Lagarde may reiterate in Thursday’s statement that growth risks are “tilted to the downside.” “We expect the committee’s language after the July 24 meeting to be similar to that of June, keeping the possibility of further rate cuts open but without making any commitments.” (Jin10)
- 03:08RootData: WAL to Unlock Tokens Worth Approximately $7.64 Million in One WeekAccording to ChainCatcher, citing token unlock data from the Web3 asset data platform RootData, Walrus (WAL) will unlock approximately 17.5 million tokens, valued at around $7.64 million, at 10:00 AM (GMT+8) on July 27.
- 02:47Nvidia's Market Value Surpasses the Combined Total of Alphabet and Meta, Musk ReactsAccording to a report by Jinse Finance, data from Statista shows that Nvidia officially became the first company to close with a $4 trillion market capitalization this Thursday, with its stock price surging over 1,000% in the past two and a half years. Nvidia's current market value not only surpasses Microsoft and Apple (the only two other companies with a market cap exceeding $3 trillion), but also exceeds the combined market capitalization of tech giants Alphabet and Meta, as well as the combined value of Amazon, Walmart, and Costco—the world's three largest retailers. Elon Musk reposted the news on the social media platform X, exclaiming, "Wow." (Jin10)