Bitget Daily Digest (7.14)｜Bitwise Predicts Bitcoin Will Hit $200,000; Multiple Official Accounts Switch to Pudgy Penguin Profile Pics

远山洞见2025/07/14 02:36

By:远山洞见

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Today’s Preview

The U.S. Congress will vote on three major crypto-related bills starting July 14: the GENIUS Act, the Clarity Act, and the Anti-CBDC Surveillance State Act.
OpenZK Network launches OZK staking.
Plasma: XPL public sale starts July 17, with deposits/withdrawals locking on July 14.

Macro & Hot Topics

Trump announces 30% tariffs on Mexico and the EU. President Trump posted on Truth Social letters to the leaders of Mexico and the EU, announcing that starting August 1, 2025, the U.S. will impose a 30% tariff on products imported from Mexico and the EU. Trump said tariffs may be adjusted if Mexico makes real progress against drug cartels and fentanyl smuggling, or if the EU opens its market to U.S. goods by removing tariffs, non-tariff measures, and other barriers.
Hong Kong legislator Duncan Chiu posted on X that he has submitted 27 policy recommendations to John Lee for the 2025 Policy Address, covering six areas. Key points: (a) Promote Hong Kong as a Web3 hub through policy support, talent development, and industry ecosystem, including refining crypto and tokenization regulations and tax policies. (b) Lead a Belt & Road crypto regulatory alliance, co-hosting a Web3 regulation summit in HK each year, and designing rules in line with global standards. (c) Establish a tokenized asset RWA Academy—research compliance, promote HK as a tokenization hub, and attract more businesses.
According to @Adam_Tehc’s dashboard, the PUMP token presale saw 23,959 wallets complete KYC, but only 10,145 wallets successfully bought in, with an average purchase of $44,209. Notably, 5,758 wallets bought less than $1,000, 583 wallets bought over $100,000, and 202 addresses hit the $1M cap per wallet.
Bitget Chinese lead: PUMP tokens will be distributed proportionally to every participant. On July 13 on X, Bitget’s Chinese head Xie Jiayin shared: (1) 10,144 users joined the public sale via Bitget. (2) After the sale, Bitget negotiated with the team for more allocation and always prioritized user interests. (3) The team researched needs in many active communities. Result: PUMP tokens will be distributed proportionally to participants.

Market Updates

1. BTC touched a new all-time high, nearing 120,000, with $229M in liquidations over the past 24h, mostly shorts.

2. “Retaliatory Tariffs 2.0” begin: all three major U.S. indexes fell Friday; inflation fears hit U.S. bonds, gold rose for a third day; Bitcoin surged.

3. Bitget BTC/USDT liquidation map: With price at 118,957 USDT, a 2,000-point drop to 116,957 would trigger over $470M in long liquidations; a 2,000-point rise to 120,957 would trigger over $690M in short liquidations. Short-side liquidation risk far exceeds longs; leverage should be managed carefully.

4. In the past 24h, BTC spot inflows $1.3B, outflows $1.4B—net outflow $100M.

5. XRP, SOL, $BANANS, $XLM, $PEPE contracts led net outflows—possible trade opportunities.

Institutional Views

Bitwise: P redicts BTC will hit $200,000 by year-end

Original: https://news.bitcoin.com/zh/bitwise-yuce-bitebi-jiang-zai-nian-di-da-200000-meiyuan-bitebi-de-shangzhang-huan-you-hen-chang-de-lu-yao-zou/

Greeks.Live: Traders expect ETH to challenge $4,000 or even higher

Original: https://x.com/BTC__options/status/1943680187994144999

News Updates

Former Fed governor Kevin Warsh: The Fed should cut rates now
EU Commission president: Proposes to extend U.S. tariff retaliation pause to early August
Hong Kong financial secretary Paul Chan: Korean regulators are watching Hong Kong’s stablecoin policy closely

Project Developments

Data: 29% of ETH supply is now staked
PUMP’s Hyperliquid pre-launch funding rate flipped negative; short pressure rising
Ethereum L2 TVL hits $36.39B, up 10.1% in 7 days
Davis Commodities considers establishing a Solana treasury, may allocate 5–10% of funds to SOL
OKX, VanEck, MoonPay, Awaken, and Polkadot all switched their official profile pics to Pudgy Penguin avatars
AAA blockchain Seraph launches emergency buyback, publicly discloses on-chain addresses for transparency
Linea project lead in community: TGE-related announcement coming this month
Upexi announces $200M in funding to buy more SOL
BlackRock’s IBIT ETF fastest ever to reach $80B AUM, now the world’s 21st largest ETF
1inch team wallet sold 904,000 1INCH at an average price of $0.33

X Highlights

1. Ed_x Block Diary: Why did Bonk’s grassroots community model let it break out?

Bonk triumphed over Pump because it always kept an open, united community spirit—with whales, KOLs, and loads of creative ideas. Bonk projects usually start grassroots, growing from small trials into big hits—opportunity flows to the community, with minimal “farming” and real sustainability. Unlike big platforms like JUP or Moonshop, which fail to match Bonk’s grassroots explosion and stickiness—even with big players involved. For any strong ecosystem, community consensus and user engagement are everything.

Original: https://x.com/Ed_x0101/status/1944284686462988682

2. Millionaire Eric: You can’t control the market—just your trades. Two rules for entry:

“Missing a move is normal, it’s not like you’re moving the market.” That’s the truth. You can’t control the market, only your trades. In practice, there are two ways to enter: quickly chase the breakout (stop loss just below the breakout candle, ride the move), or wait for the pullback, entering once you see strong support and confirmation. The real key is discipline and strategy—not blindly chasing price swings.

Original: https://x.com/CycleStudies/status/1944398803169423736

3. BroLeonAus: The real meaning behind Pudgy Penguins’ viral rise—Meme/NFT ETFs break new ground

Pudgy Penguins became the industry “profile pic of choice” not only for Luca’s influence or branding, but because PENGU is about to break the ETF ice as the first U.S. Meme/NFT ETF. If the SEC approves, it will be the first ETF to directly hold memes/NFTs, opening the door for fully compliant capital flows. Whole industry projects are supporting it, betting that when this ETF breaks through, memes, NFTs, and even altcoins will see a new capital boom. This moment means much more than just one IP—it’s a breakthrough for the whole sector.

Original: https://x.com/BroLeonAus/status/1944407111242482150

4. Phyrex: The truth behind BTC’s new highs: liquidity up, volume down

BTC’s all-time highs are happening not on huge buying, but extremely low market liquidity—there are hardly any active sellers, and investors are increasingly just holding and withdrawing from exchanges. With such tight supply, unless a systemic event hits, big sell pressure is unlikely. Next week brings a lot of macro data (especially CPI, which may bring short-term volatility), but longer-term structure is stable. Current rallies are driven by a lack of sellers, not increased demand.

Original: https://x.com/Phyrex_Ni/status/1944460392090202160

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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