Gate Research: Trump posts that crypto "Through the Roof" | Ethereum Foundation outlines future development vision

Crypto Market Overview

• BTC (+4.67% | Current price 116,483 USDT): Trump posted on Truth Social platform stating that cryptocurrencies are “going through the roof,” which had a positive impact on the entire cryptocurrency market. BTC strongly broke through the key resistance level of 115,000 USDT, attacking the 120,000 USDT integer level. In terms of volume-price relationship, BTC’s trading volume yesterday reached the hundred billion dollar level, with strong volume driving BTC prices up. On July 10, BTC ETFs saw inflows of $1.175 billion, with BlackRock’s IBIT receiving $448 million and Fidelity’s FBTC receiving $324 million.
• ETH (+6.41% | Current price 2,965 USDT): ETH broke through the 3,000 USDT integer level. Trump’s tweet and the vision statement released by the Ethereum Foundation may have had a positive impact on the price. Technically, ETH’s candlesticks form a consolidation pattern of around 3,000 USDT. It may attack 3,000 USDT again in the future. On July 10, ETH ETFs saw inflows of $383 million, with BlackRock’s ETHA receiving $300 million and Fidelity’s FETH receiving $37.3 million.
• Altcoins: The market is currently in an accelerated uptrend. The Fear and Greed Index is temporarily reporting 72 today, indicating very optimistic market sentiment.Macro Environment: On July 1, the S&P 500 index rose 0.27% to 6,280.46 points; the Dow Jones Industrial Average rose 0.43% to 44,650.64 points; the Nasdaq Composite rose 0.09% to 20,630.66 points. As of 11:15 (UTC+8) on July 11, the spot gold price per ounce was temporarily reported at $3,335, with a 24-hour increase of 0.35%.
• Macro Environment: On July 1, the S&P 500 index rose 0.27% to 6,280.46 points; the Dow Jones Industrial Average rose 0.43% to 44,650.64 points; the Nasdaq Composite rose 0.09% to 20,630.66 points. As of 3:15 (UTC) on July 11, the spot gold price per ounce was temporarily reported at $3,335, with a 24-hour increase of 0.35%.

Trending Tokens

SEI Sei (+24.63%, Market Cap $1.83 billion)

According to Gate exchange data, the SEI token is currently priced at $0.33, with a 24-hour increase of 24.63%. Sei Network is a high-performance DeFi-specific Layer 1 blockchain built on Cosmos. It provides a decentralized trading platform through its built-in central limit order book (CLOB) module, allowing users to trade directly without intermediaries. Sei’s design optimizes trading speed and fees, making it an ideal environment for DEXs. The Sei v2 upgrade introduced parallel EVM, further improving performance and user experience, supporting transaction throughput of up to 20,000 TPS and transaction confirmation times of about 390 milliseconds.

On July 10, Circle announced that native USDC tokens and CCTP V2 will soon be launched on Sei Network, bringing the world’s largest compliant stablecoin and frictionless cross-chain transfers to Sei’s high-performance Layer-1 blockchain. Native USDC has advantages such as compliance, 1:1 USD exchange, and institutional channels, while CCTP V2 supports efficient liquidity and cross-chain applications between Sei and other chains. Influenced by this news, SEI has seen significant growth in both token price and trading volume.

PENGU Pudgy Penguins (+24.28%, Market Cap $1.22 billion)

According to Gate exchange data, the PENGU token is currently priced at $0.019, with a 24-hour increase of 24.28%. Pudgy Penguins is one of the most well-known NFT projects in the cryptocurrency field, born in July 2021 and quickly gaining popularity with its unique “chubby penguin” image and community culture. This NFT series consists of 8,888 penguins. The PENGU token, as the official social token of Pudgy Penguins, is creating a new wave in the cryptocurrency world. This token, originating from a well-known NFT project, is not just an ordinary digital asset, but represents a vibrant community and cultural phenomenon.

On July 10, Fortune analyzed that the latest guidelines from the U.S. Securities and Exchange Commission may attract a large number of cryptocurrency exchange-traded funds (ETFs) investing in Solana, XRP, and even Trump Meme coins TRUMP to submit applications. The new guidelines from SEC Chairman Paul Atkins provide asset management companies with more details on how to obtain SEC approval for exchange-traded products linked to cryptocurrencies. Previously, Canary Capital had submitted a PENGU spot ETF application to the SEC, increasing the possibility of PENGU’s spot ETF being approved, which is significantly positive for the token price.

FARTCOIN Fartcoin (+17.65%, Market Cap $1.31 billion)

According to Gate exchange data, the FARTCOIN token is currently priced at $1.31, with a 24-hour increase of 17.65%. The FARTCOIN token was born from a creative brainstorming session between truth-terminal and opus-tutor, two artificial intelligence entities focused on finding unconventional strategies for launching new tokens. Their mission was clear: to create cryptocurrency that combines humor, social awareness, and environmental sustainability. Thus, FARTCOIN was born-a meme coin designed to challenge the status quo and break traditional cryptocurrency patterns.

Yesterday, the Memecoin sector saw a general rise, with Fartcoin being one of the representatives. Fartcoin’s token K-line overall shows a bullish alignment, with its highest price once breaking through $1.32. Among other tokens in the Memecoin sector, those with higher market caps such as DOGE, SHIB, PEPE, TRUMP, and BONK all saw increases of over 8%, outperforming the broader market.

Alpha Insights

Ethereum Foundation publishes an article outlining future development goals for the ecosystem, establishing teams including Launchpad

The Ethereum Foundation recently released a vision statement, clarifying two development goals: first, to benefit more people from its underlying value by increasing the number of Ethereum users; second, to enhance the resilience of Ethereum’s technical and social infrastructure. To this end, the foundation will set up four new teams to promote key adoption channels, including providing resource guidance for enterprises, nurturing the next generation of developers, accelerating user-oriented application development, and providing non-financial support for project founders. In addition, the foundation will continue to operate three teams to coordinate ecosystem financial support: the ESP/Grant Support team will optimize the grant process and provide non-financial support; the Ecosystem Grant Program team will co-fund important public goods organizations; and the Launchpad team will assist startups and organizations within the ecosystem in addressing operational, financing, and governance challenges.

This vision statement has far-reaching implications for the Ethereum ecosystem, clearly outlining the future development direction of the Ethereum ecosystem, aiming to promote global adoption and sustainable development of Ethereum by expanding the user base and enhancing the resilience of technical and social infrastructure. The four newly established teams (Enterprise Relations, Developer Growth, Application Relations and Research, Supporting Project Founders) and the three continuously optimized financial support teams (ESP/Grant Support, Ecosystem Grant Program, Launchpad) reflect the foundation’s acceleration of Ethereum’s application implementation at the enterprise, developer, and user levels through resource integration, non-financial support, and collaborative innovation. This strategy will not only promote the widespread adoption of Ethereum technology and the healthy development of the ecosystem, but also lay the foundation for the long-term prosperity of the Ethereum ecosystem by supporting public goods and startup projects, having a far-reaching impact on the future of global decentralized technology.

Germany’s NRW Bank issues 100 million euro digital bond on Polygon blockchain

Germany’s state-owned development bank NRW.BANK announced the issuance of a 100 million euro (approximately $116.7 million) blockchain bond on the Polygon blockchain. The bond is registered under the German Electronic Securities Act (eWpG) and uses the infrastructure provided by Cashlink’s BaFin-regulated crypto securities registry system. Deutsche Bank, DZ Bank, and DekaBank jointly acted as lead underwriters for this issuance.

The successful issuance of a 100 million euro digital bond on the Polygon blockchain by Germany’s NRW Bank marks a significant breakthrough in the digital securities field for the European public sector, demonstrating the potential application of blockchain technology in traditional financial markets. In the future, this will not only promote the improvement of bond issuance efficiency, reduce transaction costs and time, but may also encourage more public and private institutions to explore blockchain technology, promoting the digital transformation of capital markets. However, challenges such as market fragmentation, technical complexity, and regulatory coordination still need to be addressed to achieve broader global adoption.

Animoca Brands partners with DDC Enterprise to invest $100 million to support its Bitcoin treasury

DDC Enterprise Limited and Animoca Brands have signed a non-binding memorandum of understanding to establish a strategic partnership. Animoca Brands will invest $100 million in DDC to support its Bitcoin treasury, which will accelerate DDC’s Bitcoin accumulation strategy. Animoca Brands stated that Bitcoin is now positioned as a key component of contemporary corporate financing strategies and will provide a blueprint for listed companies to adopt digital assets.

This event marks a significant development in the strategy of companies incorporating Bitcoin into their balance sheets. This collaboration not only accelerates DDC’s Bitcoin accumulation plan but also highlights the growing importance of Bitcoin as a corporate financing tool, providing a practical example for other listed companies exploring digital assets. In the future, this initiative may encourage more companies to view crypto assets as options for diversified investment and value storage, promoting the integration of traditional finance and blockchain technology. However, market volatility, regulatory uncertainty, and the maturity of corporate adoption will remain key factors affecting the widespread implementation of this trend, requiring further observation of its long-term impact.

Gate Launchpool

Launchpool Details

• Project: Useless Coin
• Token: USELESS
• Start Time: July 11, 2025, at 10:00 (UTC)
• Participation: Stake USELESS or USDT to receive for free
• Total Mining Rewards: 100,334 USELESS

Project Overview

USELESS is a decentralized meme token with no presale, no team allocation, and no roadmap. It embodies the spirit of internet culture by subverting the concept of value. As a community-driven experiment in satire, viral spread, and decentralized belief, USELESS is entirely operated by global contributors - embracing absurdity while gathering strong momentum.


Reference

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/crypto-market-data
• Investing, https://investing.com/indices/usa-indices
• Investing, https://investing.com/currencies/xau-usd
• X, https://x.com/wallstengine/status/1943317522758975772
• Ethereum, https://blog.ethereum.org/en/2025/07/10/future-of-ecodev
• Coindesk, https://www.coindesk.com/business/2025/07/10/german-state-bank-nrw-bank-issues-eur100m-blockchain-bond-on-polygon
• Animoca, https://www.animocabrands.com/ddc-enterprise-announces-usd-100-million-bitcoin-strategic-partnership-with-animoca-brands
• Gate, https://www.gate.com/zh/announcements/article/46060

Gate Research is a comprehensive platform offering in-depth blockchain and cryptocurrency research, including technical analysis, market reviews, trend forecasts, and macroeconomic insights.

Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.