Bitget Daily Digest (7.16)｜BTC Dominance Declines, Market Rallies; pump.fun Launches Token Buyback, $ARB Major Unlock Today

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远山洞见2025/07/16 02:41

By:远山洞见

Today’s Preview

The US June PPI YoY will be released today, previous: 2.60%.
The US June PPI MoM will be released today, previous: 0.10%.
Arbitrum (ARB) will unlock 92.65 million tokens today (1.87% of circulating supply).
Tuttle has submitted an amendment to change the effective date of several 2x leveraged crypto ETFs to July 16. While this doesn’t guarantee a launch, the effective date usually coincides with rollout. Given SSK’s recent successful listing, similar products will likely follow soon.

Macro & Hot Topics

1. Trump: 11 Members Commit to Supporting the 'GENIUS Act' Tomorrow Morning.

Trump announced on social media that after meeting with 11 out of 12 representatives needed for passing the GENIUS Act, all have agreed to support the bill in the morning. Speaker Mike Johnson participated via phone, expressing hope for a quick vote. Trump thanked the delegates for their swift response.

2. New Bitcoin Proposal to Freeze Satoshi's and Other Quantum-Vulnerable BTC.

Casa CTO Jameson Lopp, together with five other developers, has proposed a Bitcoin improvement to address quantum computing risks. The proposal suggests phasing out quantum-vulnerable address types in three steps: banning new deposits, freezing balances over five years, and encouraging users to switch to post-quantum addresses. Deloitte research estimates about 25% of BTC, including Satoshi’s 1 million coins, is vulnerable. “Bitcoin has never faced an existential cryptographic threat. A successful quantum attack would cause major economic chaos,” the authors warn.

3. pump.fun Buys Back 3.04 Billion PUMP Tokens at $0.006 Average Price.

According to analyst Ember, pump.fun has shifted its fee income from Kraken sales to PUMP buybacks. In the last seven hours, 187,770 SOL (about $30.53 million) in fees was sent to 3vkp...3WTi and used to acquire PUMP, which was then transferred to G8Cc...kqjm. So far, 111,953 SOL (~$18.34 million) has been used to buy 3.04B PUMP tokens, at an average price of $0.006.

4. UK Unveils Wholesale Finance Digitization Strategy, Promotes DLT and Stablecoin Innovation.

According to the official government website, the UK has released a new digital strategy for wholesale financial markets, voicing clear support for DLT (distributed ledger technology) and asset tokenization. Industry will be encouraged to find optimal DLT use cases and digitalize post-trade processes, including testing stablecoin solutions in a ‘digital securities sandbox.’ The UK will also refine legislation and create cross-market alliances to sustain its fintech leadership.

Market Updates

1. BTC dipped after new highs, dominance drops. ETH leads surge, alts rally: In the past 24h, $521M was liquidated—mainly shorts.

2. US stocks mixed; Nvidia jumps 4% to lift Nasdaq to new highs; US bonds decline.

Bitget Daily Digest (7.16)｜BTC Dominance Declines, Market Rallies; pump.fun Launches Token Buyback, $ARB Major Unlock Today image 1

3. Bitget BTC/USDT liquidation levels: At 117,789 USDT, a 2,000-point drop to ~115,789 would liquidate $219M in longs; a 2,000-point rally to 119,789 would liquidate $817M in shorts. Short risk far exceeds long, so manage leverage carefully to avoid forced liquidations amid volatility.

Bitget Daily Digest (7.16)｜BTC Dominance Declines, Market Rallies; pump.fun Launches Token Buyback, $ARB Major Unlock Today image 2

4. BTC spot inflows over 24h: $5.26B in, $5.29B out, resulting in $30M net outflow.

Bitget Daily Digest (7.16)｜BTC Dominance Declines, Market Rallies; pump.fun Launches Token Buyback, $ARB Major Unlock Today image 3

5. Perpetuals net outflow leaders: $BTC $XRP $SOL $DOGE $ADA—all saw significant net outflows, potentially offering trade opportunities.

Bitget Daily Digest (7.16)｜BTC Dominance Declines, Market Rallies; pump.fun Launches Token Buyback, $ARB Major Unlock Today image 4

Institutional Views

Greeks.Live: English-speaking communities remain bullish, with most traders expecting BTC to reach $130K soon. Source
Deutsche Bank: Widespread bitcoin adoption will drive continued volatility reduction. Source
Matrixport: BTC resistance at $122,000; market building heavy short positions. Source

News Updates

Trump: 11 out of 12 required representatives have agreed to pass the ‘GENIUS Act’ tomorrow.
Trump praises Besant but hints she’s not his top pick for Fed chair.
US and allies set late August as deadline for Iran nuclear agreement.
Trump reiterates that the Epstein files are fabricated by Democrats.
UK publishes digital strategy for wholesale finance, promoting DLT and stablecoin innovation.

Project Developments

ProShares launches 2x leveraged XRP and Solana ETFs.
New Bitcoin proposal aims to freeze Satoshi’s and other quantum-vulnerable BTC.
pump.fun has bought back 3.04B PUMP tokens at an average price of $0.006.
BOB (Build on Bitcoin) launches Cookie DAO, allowing participants to share $350K in $BOB tokens.
Eclipse announces airdrop claim will open at 5pm tomorrow.
HTX DAO completes $HTX token burn for Q2 2025, totaling nearly 11.8 trillion tokens.
MyShell integrates Grok 4 and Kimi K2, offering state-of-the-art AI tools to creators.
NYSE approves listing and registration for ProShares Ultra XRP ETF.
Hyperion will be the first IDO project on Binance using a bonding curve mechanism.
Berachain releases PoL v2 proposal to redirect 33% of liquidity incentive to BERA staking module.

X Highlights

1. Unipcs (‘Bonk Guy’): BonkFun’s 9-Day Streak & $250M Annualized Buyback—BONK’s Supercycle Has Arrived

BonkFun has led market share for 9 days straight; weekly share holds at 53–75% and daily fees reach $1.2M, annualizing to $439M. Of that, 58% (about $255M/yr) is used for buybacks and burns, ensuring consistent, intense demand. BONK is listed on major CEXs and is set for ETF/ETP listings, sharply lowering the entry barrier for both institutions and retail. Its low price encourages retail FOMO, while ongoing buybacks and community strength attract both camps. All signs suggest BONK could break out beyond memes, with $1B market cap a conservative target and the real rally just beginning. Link

2. Ed_x Block Diary: Bonk Replaces Pump as New Main Theme—Ecosystem Boom Just Starting

Bonk has effectively replaced Pump as the meme sector leader. As “meme culture” and “diamond hands” are redefined, Musk’s memes set the tone. Recent efficient launches (like 13M $Ani) are increasing market excitement. The Bonk ecosystem is in its early stages, with more resources and capital pouring in. Despite naysayers, true growth could be just beginning, offering new entry windows for latecomers. Link

3. Phyrex: CPI Rises Alongside Policy Risks—BTC at a Crossroads of Macro & Politics

Rising CPI dampens September rate-cut expectations, but Fed succession increases markets’ tolerance for inflation. Tariffs and monetary policy remain core battlegrounds. Even if Powell’s influence wanes, easing won’t begin without tamed inflation. Crypto markets are pressured by both old whales selling and the failed Stablecoin Act vote; previous “crypto week” rhetoric collapsed as Republicans withdrew support, clouding bill prospects. BTC URPD data shows unfilled gaps at $112K/$114K—history indicates they’ll be filled sooner or later. Link

4. Jason Chen: SXT Surges—Microsoft-Backed, Grayscale Trust Sparks New Onchain Data Sector

SXT’s recent rally comes right after Grayscale launched its Space and Time trust, which became Grayscale’s #9 largest asset within three weeks, surpassing Sui and Filecoin. Space and Time is Microsoft’s only blockchain investment—integrated into Azure and Fabric as the sole onchain real-time data service. Deep platform integration, zero-fee collaboration, and ZK-verified SQL queries for structured blockchain data fill a critical developer gap, giving SXT major industry-level potential. Link

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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