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

Today’s Preview
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The US June PPI YoY will be released today, previous: 2.60%.
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The US June PPI MoM will be released today, previous: 0.10%.
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Arbitrum (ARB) will unlock 92.65 million tokens today (1.87% of circulating supply).
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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
Market Updates
Institutional Views
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Greeks.Live: English-speaking communities remain bullish, with most traders expecting BTC to reach $130K soon. Source
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Deutsche Bank: Widespread bitcoin adoption will drive continued volatility reduction. Source
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Matrixport: BTC resistance at $122,000; market building heavy short positions. Source
News Updates
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Trump: 11 out of 12 required representatives have agreed to pass the ‘GENIUS Act’ tomorrow.
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Trump praises Besant but hints she’s not his top pick for Fed chair.
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US and allies set late August as deadline for Iran nuclear agreement.
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Trump reiterates that the Epstein files are fabricated by Democrats.
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UK publishes digital strategy for wholesale finance, promoting DLT and stablecoin innovation.
Project Developments
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ProShares launches 2x leveraged XRP and Solana ETFs.
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New Bitcoin proposal aims to freeze Satoshi’s and other quantum-vulnerable BTC.
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pump.fun has bought back 3.04B PUMP tokens at an average price of $0.006.
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BOB (Build on Bitcoin) launches Cookie DAO, allowing participants to share $350K in $BOB tokens.
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Eclipse announces airdrop claim will open at 5pm tomorrow.
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HTX DAO completes $HTX token burn for Q2 2025, totaling nearly 11.8 trillion tokens.
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MyShell integrates Grok 4 and Kimi K2, offering state-of-the-art AI tools to creators.
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NYSE approves listing and registration for ProShares Ultra XRP ETF.
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Hyperion will be the first IDO project on Binance using a bonding curve mechanism.
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Berachain releases PoL v2 proposal to redirect 33% of liquidity incentive to BERA staking module.
X Highlights
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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