Rhythm Morning News｜A list of important news from last night and this morning on July 16

Bitcoin rises above $64,500

BlockBeats news, on July 16, according to HTX market data, Bitcoin rose above $64,500, and is now quoted at $64,548, a 24-hour increase of 5.76%.

The total market value of cryptocurrency rebounded to $2.49 trillion, a 24-hour increase of 6.2%

BlockBeats news, on July 16, according to Coingecko data, the total market value of cryptocurrency on the entire network rebounded to $2.49 trillion, a 24-hour increase of 6.2%. The 24-hour trading volume is $106.8332 billion.

The current market share of Bitcoin is 51.2%, and the market share of Ethereum is 16.7%.

In the past 24 hours, the entire network has been liquidated for $193 million, mainly short orders

BlockBeats news, on July 16, according to Coinglass data, in the past 24 hours, the entire network has been liquidated for $193 million, of which long orders were liquidated for $35.0157 million and short orders were liquidated for $157 million.

Trump released a new dynamic with the text "FEAR NOT", and the meme token of the same name has appeared on the SOL and ETH networks

BlockBeats news, on July 16, according to the content released by Trump's social media tracking account @TrumpDailyPosts, US presidential candidate Trump released a new social email dynamic at 11:51 Beijing time, with the text "Don't be afraid (FEAR NOT), I am Trump, I will make America great again!".

According to community speculation, after the shooting on the 15th, Trump may have said "FEAR NOT" instead of "FIGHT". Although the authenticity of this speculation cannot be confirmed at present, the meme token of the same name FEAR NOT has quickly appeared on the Solana and Ethereum networks and has received a certain degree of attention and hype.

BlockBeats Note: Meme coin prices fluctuate greatly and have no actual value. Users please participate with caution and properly handle personal assets.

SOL briefly broke through $160

BlockBeats news, on July 16, according to HTX market data, SOL briefly broke through $160, and is now quoted at $159.23, a 24-hour increase of 8.12%.

The meme coin sector generally rose, PEPE rose more than 29% in 24 hours

BlockBeats news, on July 16, according to HTX market data, the meme coin sector generally rose, including:

PEPE 24-hour increase of 29.05%, temporarily reported at 0.00001186 US dollars;
PEOPLE 24-hour increase of 13.27%, temporarily reported at 0.07539 US dollars;

FLOKI 24-hour increase of 22.15%, temporarily reported at 0.000184 US dollars;
DOGE 24-hour increase of 9.00%, temporarily reported at 0.1259 US dollars;
SHIB

WIF rose 24.42% in 24 hours and was temporarily reported at $2.1585;
BOME rose 15.85% in 24 hours and was temporarily reported at $0.009159;

ORDI rose 12.25% in 24 hours and was temporarily reported at $37.49;
SATS rose 27.52% in 24 hours and was temporarily reported at $0.0000002609;

FEAR NOT on Solana briefly broke through $0.003 and then fell back

BlockBeats news, July 16 On the same day, Solana Ecosystem Trump concept MEME coin FEAR NOT briefly broke through $0.003 and then fell back, temporarily reporting $0.002335, a 24-hour increase of 3746%. The 24-hour trading volume exceeded $25 million, reaching $26.43 million.

Previously, US presidential candidate Trump released a new social email with the message "Don't be afraid (FEAR NOT), I am Trump, I will make America great again!". The community had speculated that Trump might have said "FEAR NOT" instead of "FIGHT" when he raised his arms after the shooting on the 15th.

BlockBeats Note: Meme coin prices fluctuate greatly and have no actual value. Users should participate with caution and properly handle personal assets.

Spot Ethereum ETF issuers need to submit final S-1 form this Wednesday

BlockBeats news, on July 16, Bloomberg senior ETF analyst Eric Balchunas wrote, "The U.S. SEC finally responded to the issuer, asking them to submit the final S-1 form (including fees) this Wednesday, and then apply for it to take effect after the close of next Monday, so that it can be launched on Tuesday (July 23). This is of course assuming there are no unforeseen last-minute problems."

Tether issued 1 billion USDT on the Tron network (authorized but not yet issued)

BlockBeats news, on July 16, according to Whale Alert Monitoring, Tether issued 1 billion USDT on the Tron network at 4:26 this morning.

In response, Tether CEO Paolo Ardoino said that the 1 billion USDT this time is a supplement to the Tron network inventory. This is an authorized but unissued transaction, which means that this additional issuance will be used for the inventory of the next issuance request and cross-chain exchange.

The Republican Party of the United States formally nominated Trump as the party's presidential candidate

BlockBeats news, July 16, local time on July 15, the Republican Party of the United States formally nominated former President Trump as the party's presidential candidate for the 2024 election at the Republican National Convention in Milwaukee, Wisconsin. (Jinshi)

Federal Reserve Megaphone: Powell's speech did not change the expectation of "standing still" in August

BlockBeats news, July 16, "Federal Reserve Megaphone" Nick Timiraos wrote in his latest article that Federal Reserve Chairman Powell recently said that the recent slowdown in inflation and economic activity is generally in line with the Fed's expectations, but he still refused to say whether this is a reason for the Fed to cut interest rates at its policy meeting later this month. The inflation report released last week showed a general improvement in the economy, which prompted some private analysts to wonder whether the Fed needs to wait until September to cut interest rates.

It should be noted that the Federal Reserve led by Powell usually avoids surprising the market with short-term policy decisions, so from this perspective, Powell's words today did not change the expectation that the Fed will keep interest rates stable at the August meeting. (Jinshi)

Coinbase, Ripple and a16z will attend the Republican and Democratic National Conventions

BlockBeats reported that on July 16, Coinbase, Ripple and a16z plan to send representatives to the Republican National Convention (RNC), and then to the Democratic National Convention (DNC).

These companies will first "show their attitude to the Republican power brokers" and support election results that are favorable to the industry's policies, which highlights the Republican Party's broad support for the crypto industry. Attending the RNC and DNC represents each company's continued commitment to bipartisan crypto policies.

All three companies are members of the Fairshake Super PAC, which raised $177.9 million and spent $70.9 million during the 2024 election cycle. The super PAC aims to benefit American candidates who support cryptocurrency, regardless of their party membership.

Musk will donate $45 million per month to support Trump's campaign

BlockBeats news, July 16, according to WSJ, Musk promised to plan to donate about $45 million per month to a new super PAC to support Trump's presidential campaign.

Powell: Neutral interest rate may have risen

BlockBeats news, on July 16, Federal Reserve Chairman Powell said that although the policy is restrictive, it is not overly tight, and the neutral interest rate may have risen. When the Fed is confident about inflation, it is time to act. (Jinshi)

Yesterday IBIT net inflow of 117 million US dollars

BlockBeats news, on July 16, according to Trader T monitoring, yesterday IBIT net inflow of 117 million US dollars, trading volume of 1.2 billion US dollars.

Yesterday ARKB had a net inflow of US$117 million, and BITB had a net inflow of US$15.2 million

BlockBeats news, on July 16, according to farside monitoring, yesterday ARKB had a net inflow of US$117 million, BITB had a net inflow of US$15.2 million, and EZBC had a net inflow of US$3.7 million.

Yesterday, the U.S. spot Bitcoin ETF had a net inflow of $293 million

BlockBeats news, on July 16, according to HODL15Capital monitoring, the U.S. Bitcoin ETF inflow on July 15 was $293 million (4,612 BTC), and has achieved a net inflow for 7 consecutive days.

Affected by Bitcoin ETF, BlackRock's asset management scale hit a record high in Q2

BlockBeats news, on July 16, BlackRock's asset management scale hit a record high 6 months after launching the spot Bitcoin ETF. According to BlackRock's second-quarter earnings report released on Monday, as of June 30, BlackRock's assets under management reached $10.65 trillion, a year-on-year increase of 13%.

Organic growth was driven by a surge in private markets, retail fixed income and ETFs, BlackRock CEO Larry Fink said in a statement. BlackRock saw total net inflows of $82 billion in the second quarter and $139 billion in the first half of the year.

Since launching IBIT at the beginning of this year, BlackRock has become the world's largest spot Bitcoin ETF. IBIT currently holds 316,276 Bitcoins, worth about $18.3 billion.

Bitfinex Report: Bitcoin's upward trend over the weekend indicates a possible rebound in the short term

BlockBeats news, on July 15, Bitfinex released a report saying that a positive market driver is that the almost continuous bitcoin selling pressure from long-term holders (LTHs) seems to have subsided, and the supply of long-term holders has stabilized from 16.2 million Bitcoins in January to about 14.8 million Bitcoins. The stability of supply indicates a reduction in selling pressure.

In fact, with the stabilization of the supply of long-term holders, the focus inevitably turns to short-term holders (STHs), whose supply has increased significantly since January and stabilized at about 4.8 million Bitcoins. This increase in the supply of short-term holders is mainly due to new investors entering the market through ETFs and trying to buy the bottom during the last adjustment.

However, the current decline has left short-term holders of 2.8 million Bitcoins in a net unrealized loss position. This situation has put considerable pressure on these new investors, who must decide whether to hold and wait for a potential recovery or sell the asset at an unfavorable price. Although the current market trend is bearish and supply pressure from entities such as Mt. Gox creditors exists, the market may be approaching a balance point.

The upward trend over the weekend suggests that a rebound is possible in the short term, but the market remains sensitive to news and external influences. Monitoring how short-term holders manage their holdings and how the market reacts at the beginning of the week will be key to determining the short-term direction of Bitcoin prices.

VanEck Research Director: Bitcoin Net Unrealized Profits and Losses Are About to Break 0.5 Is a Key Sentiment Shift

BlockBeats news, on July 15, Matt Sigel, head of digital asset research at VanEck, posted on social media that "Bitcoin net unrealized profit/loss (NUPL) is about to break through 0.5, which is a key sentiment shift.

When this last happened on February 8, Bitcoin rose from $45,000 to $73,000 (+62%) in 34 days."

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