CoinCatch Daily: Bitcoin (BTC) surged past the 120,000 USDT milestone, reaching an all-time high above 123,000 USDT before retracing. Ethereum (ETH) repeatedly tested but failed to sustain above the 3,000 USDT threshold. The PUMP token has been listed on major exchanges, showing over 40% gains from its subscription price. Aave has become the first DeFi protocol to surpass $50 billion in net deposits. Trusta announced a strategic collaboration with Solana on the Solana Attestation Service (SAS), backed by a Solana Foundation infrastructure grant. Timur Suleimenov, Governor of Kazakhstan’s National Bank, revealed plans to explore allocating gold reserves and sovereign wealth assets into cryptocurrencies.
Crypto Market Overview
BTC (-1.27% | Current: 118,263 USDT): BTC broke through 120,000 USDT today, setting a new historic high above 123,000 USDT. However, it failed to consolidate above this level and retreated to 118,000 USDT. On July 14, BTC ETFs recorded $294 million in net inflows, with BlackRock’s IBIT attracting $394 million while ARKB saw $99.6 million in outflows.
ETH (-0.64% | Current: 2,976 USDT): ETH repeatedly challenged the 3,000 USDT resistance but couldn’t secure a sustained breakout. July 14 ETH ETF inflows totaled $259 million, led by BlackRock’s ETHA ($151 million) and Fidelity’s FETH ($31.4 million).
Altcoins: The broader market remains bullish. The Fear & Greed Index stands at 72, indicating sustained optimism.
Macro Snapshot (July 15):
S&P 500 rose 0.14% to 6,268.56;
Dow Jones gained 0.20% at 44,459.65;
Nasdaq climbed 0.27% to 20,640.33.
Spot gold traded at $3,349/oz (UTC+8 10:45), up 0.17% over 24H.
Trending Tokens
PUMP Pump.fun (+44.85% | FDV: $2.05B)
PUMP trades at $0.0058, up 44.85% in 24H.
Pump.fun is a Solana-based meme coin creation platform enabling users to launch tokens instantly without technical expertise or liquidity provision. Its fair launch mechanism and bonding curve model ensure transparency, having facilitated over 10 million meme coins since early 2024. Listed on major exchanges today, PUMP peaked above $0.006 (40%+ from $0.004 subscription price) before settling at $0.0058.
XCN Onyxcoin (+15.14% | FDV: $675M)
XCN trades at $0.019, up 15.14% in 24H.
Onyxcoin is an Ethereum-based DeFi platform offering P2P lending and asset management via smart contracts. XCN serves as its governance/utility token for voting, fee payments, and staking rewards. The protocol supports ETH, ERC-20 tokens, and NFTs, leveraging decentralized cloud infrastructure for scalability. Recent gains follow the approval of OIP-60, activating Onyx Points for stakers and deploying gas-free wallets within 48 hours.
PENGU Pudgy Penguins (+9.19% | FDV: $1.99B) PENGU trades at $0.031, up 9.19% in 24H.
Pudgy Penguins, a flagship NFT project since 2021, launched PENGU as its social token. The ecosystem game
Pudgy Party debuted on iOS/Android today, with a $5,000 PENGU giveaway campaign. This expansion enhances token utility and community engagement.
Market Insights
Aave Hits $50B Net Deposits, First DeFi Protocol to Achieve Milestone
Aave’s net deposits (total collateral minus loans across 34 chains) exceeded $50B. Founder Stani Kulechov noted growing adoption by traditional institutions. Overall DeFi TVL nears $120B, with Ethereum lending dominating at $63B. Aave’s $29B TVL commands nearly half the sector. Governance is advancing "Aave V4" upgrades including account abstraction, native RWA vaults, Bitcoin L2 support, and multi-chain expansion for stablecoin GHO.
Trusta Partners with Solana to Build On-Chain Identity Infrastructure
Trusta secured a Solana Foundation Infra Grant for strategic collaboration on Solana Attestation Service (SAS). As a founding SAS member, Trusta will co-develop DID/VC standards for Solana’s DeFi, social, and reputation ecosystems, establishing privacy-centric verification frameworks. This partnership sets a benchmark for decentralized identity solutions.
Kazakhstan Explores Crypto Allocation for Reserves & Sovereign Fund
National Bank Governor Timur Suleimenov confirmed plans to study cryptocurrency investments for gold/FX reserves and sovereign wealth assets, cautioning against volatility risks. Kazakhstan also proposes a national crypto asset vault for seized digital assets, with potential tax contributions from licensed mining operations. This signals deeper regulatory development and infrastructure integration into global crypto markets.
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.