Gate Research: PUMP Token Has Risen by More Than 40% After Launch|BTC Breaks Through $120,000 to Hit a Record High Crypto Market Panorama•BTC (-1.27% 丨 Current Price 118,263 USDT): BTC once strongly broke through the 120,000 USDT integer today, and the highest price reached above 123,000 USDT, refreshing the all-time high by a large margin. However, BTC did not gain a foothold at 120,000 USDT and has retreated to 118,000 USDT. On July 14, the BTC ETF saw an inflow of $294 million, of which BlackRock IBIT saw an inflow of $394 million and an outflow of $99.6 million from ARKB. •ETH (-0.64% 丨 Current price 2,976 USDT): Compared with BTC, ETH has hit the key position of 3,000 USDT several times before, but all failed. Today, ETH has also stood above the 3,000 USDT key point several times, but it is still unable to hold this position. ETH ETF inflows of $259 million on July 14, including $151 million in BlackRock ETHA and $31.4 million in Fidelity FETH. • Altcoins: The market as a whole is currently in an upward phase. The Fear & Greed Index is tentatively trading at 72 today, indicating that the market sentiment remains positive. Macro: The S&P 500 rose 0.14% to 6,268.56 on July 15; The Dow Jones rose 0.20% to 44,459.65; The Nasdaq rose 0.27% to 20,640.33. As of 10:45 on July 15 (UTC+8), the price of spot gold per ounce was tentatively at $3,349, an increase of 0.17% in 24H. Nuggets Popular Token PUMP Pump.fun (+44.85%, $2.05 billion market cap in circulation) According to Gate market data, the PUMP token is currently quoted at $0.0058, up 44.85% in the last 24 hours. Pump.fun is an innovative meme coin creation and trading platform based on the Solana blockchain, allowing users to quickly create and launch their own tokens at a fraction of the cost, enabling instant transactions without the need for technical background or liquidity. Through the fair launch mechanism and bonding curve pricing model, the platform ensures transparency and market fairness, encouraging the community to drive the development of the token through social interaction. Since its launch in early 2024, Pump.fun has facilitated the creation of more than 10 million meme coins. On July 15th, the PUMP token was listed on major cryptocurrency exchanges. Previously, the subscription price of the PUMP token was $0.004. After the PUMP token went live, its price briefly topped $0.006 and has now fallen back to $0.0058. XCN Onyxcoin (+15.14%, $675 million in circulating market capitalization) According to Gate market data, the XCN token is currently trading at $0.019, up 15.14% in the last 24 hours. Onyxcoin is a decentralized finance (DeFi) platform based on the Ethereum blockchain, dedicated to providing secure and transparent peer-to-peer lending and asset management services through smart contracts. As a governance and utility token, XCN allows holders to participate in voting on the Onyx DAO to decide on protocol upgrades and community initiatives, while being used to pay for platform services, receive discounts, and earn rewards through staking. The Onyx Protocol supports a variety of digital assets, including ETH, ERC-20 tokens, and NFTs, and aims to improve the efficiency and scalability of financial services through decentralized cloud infrastructure and cross-chain bridging technology. On July 12, Onyx's official social media announced that OIP-60 has been approved, which will activate Onyx points and deploy Onyx gas-free wallets for XCN stakers on Ethereum, which is currently in the queue. The OIP will be available for execution in approximately 48 hours. This positive news may drive XCN's recent rally. PENGU Pudgy Penguins (+9.19%, $1.99 billion in circulating market capitalization) According to Gate market data, the PENGU token is currently trading at $0.031, up 9.19% in the last 24 hours. Pudgy Penguins (Fat Penguin) is one of the most well-known NFT projects in the cryptocurrency space, born in July 2021, and quickly became popular with its unique "silly penguin" image and community culture. This NFT collection 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, derived from a well-known NFT project, is not just an ordinary digital asset, but represents a vibrant community and cultural phenomenon. On July 15th, Pudgy Penguins' eco-game, Pudgy Party, was launched on the Apple and Google mobile stores, and launched a campaign through official social media to give away a total of $5,000 worth of PENGU tokens to 5 lucky users to attract community participation. The release of the game marks a significant step forward in the Pudgy ecosystem, enriching the ecosystem's application scenarios, or increasing the demand for token use and community activity, thereby driving the price of PENGU upward. Alpha Interpretation Aave's net deposits exceeded $50 billion, becoming the first DeFi protocol to reach this milestoneAave's net deposits have exceeded $50 billion, becoming the first DeFi protocol to reach this scale. The data counts its total collateralized assets minus outstanding borrowings across 34 on-chain markets. According to the founders of Aave, more and more traditional financial institutions are using it as lending infrastructure. According to the data, since December 2024, the total lock-up volume (TVL) of the DeFi industry has approached $120 billion, of which Ethereum's on-chain lending business is dominant, with a lock-up scale of more than $63 billion. DefiLlama data shows that Aave's current TVL is around $29 billion, accounting for almost half of the space. It is reported that the Aave governance community is promoting a number of upgrade plans such as "Aave V4", plans to introduce account abstraction and native real-world asset vaults, and plans to support Bitcoin Layer 2 assets and expand the stablecoin GHO to more blockchain platforms. These upgrades will further solidify Aave's leading position in the DeFi space and drive its long-term development in the multi-chain ecosystem and the convergence of traditional finance. Trusta and Solana Reach Strategic Partnership to Build On-Chain Identity InfrastructureTrusta announced that it has entered into a strategic partnership with Solana on the Solana Attestation Service (SAS) and received an Infra Grant from the Solana Foundation. As a founding member of SAS, Trusta will work with the Solana Foundation to drive the development and implementation of decentralized identity (DID) and verifiable credential (VC) standards in the Solana ecosystem. Together, the two companies will expand the use of SAS and help Solana build a verifiable, privacy-friendly identity framework for DeFi, social and on-chain reputation systems. Trusta's strategic partnership with Solana is a milestone in advancing the development of decentralized identity solutions, laying the groundwork for a more secure and privacy-focused blockchain environment for users by co-developing decentralized identity (DID) and verifiable credential (VC) standards. This collaboration will open up new opportunities for the Solana ecosystem, not only to enhance the DeFi and social application experience, but also to breathe new life into the on-chain reputation system. Going forward, this collaboration is expected to set the benchmark in the broader blockchain and DeFi space, leading a new trend in decentralized identity technology. Central Bank of Kazakhstan: Plans to Explore Investing Gold Foreign Exchange Reserves and National Fund Assets in Cryptocurrencies The head of the Central Bank of Kazakhstan Timur Suleimenov said that the country intends to explore investing gold foreign exchange reserves and state fund assets in cryptocurrencies, but he cautioned that crypto assets are highly profitable but volatile and should not be rushed. In addition, Kazakhstan also hopes to establish a national crypto asset reserve to store confiscated digital assets, and if companies mine on behalf of the state, some assets can be included in the reserve in the form of taxes. The speech of the head of the Central Bank of Kazakhstan, Timur Suleimenov, has far-reaching implications for the cryptocurrency market and the country's financial policy, and points the way for future developments. Kazakhstan may further improve relevant regulations, establish cryptocurrency exchanges and other infrastructure, and gradually integrate into the global crypto economic system, inject new impetus into economic growth, and play a more active role in the digital economy and international financial cooperation. Gate Launchpool