According to BlockBeats, as of July 16, data from CoinGecko indicates that the total market capitalization of cryptocurrencies has risen to $2.494 trillion, marking a 5.4% increase over the past 24 hours. Bitcoin holds a market dominance of 51.2%, while Ethereum's market share stands at 16.7%.

According to Odaily, Terra has announced via X that the general deadline for filing claims in the Chapter 11 bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) has been set for August 10, 2024, at 5:00 AM Beijing Time. Users who have claims against TFL that arose before January 21, 2024, or July 1, 2024, must submit their claims before the general deadline.

According to BlockBeats, on July 16, JD Vance criticized the Canadian government's decision to freeze the bank accounts of individuals involved in the Ottawa trucker protest in 2022. Vance posted at the time, 'This is why cryptocurrency is thriving; if your political views are wrong, the regime will cut off your access to banking services.'

According to BlockBeats, on July 16, a case in Chongqing saw the defendant, He Mou, sentenced to three years in prison and fined 5 million yuan by the Yubei District People's Court. He was found guilty of illegal business operations for engaging in unauthorized fund payment and settlement activities on a cryptocurrency trading platform, earning profits from the price differences. Following the initial verdict, He Mou appealed to the Chongqing First Intermediate People's Court. During the appeal, He argued that his activities of exchanging virtual currency for RMB did not constitute fund payment and settlement, and therefore, did not amount to illegal business operations. After reviewing the case, the Chongqing First Intermediate People's Court recently ruled to dismiss the appeal and uphold the original sentence.

According to BlockBeats, on July 16, HODL15Capital reported that the Hong Kong Bitcoin ETF added 605 bitcoins to its holdings yesterday.

According to Foresight News, Solana ecosystem real estate trading protocol Parcl has unveiled the distribution and unlocking schedule for the first season of its 'Perpetual Points' program. Over 3,000 wallets are eligible to receive more than 11.5 million tokens. The claim process will be divided into three phases: Phase 1 (July 15 to September 29) requires staking at least 50% of the PPP Season 1 allocation; Phase 2 (October 1 to November 30) requires holding 50% to 99.9% of the PPP S1 allocation; and Phase 3 (December 1 to December 31) requires staking less than 50% of the allocation. All unlocking plans are set to be completed by December 29, 2024. Users can claim tokens through the 'Points' section of the DApp, with staking commencing every Thursday at 8:00.

According to Foresight News, the South Korean Digital Asset Exchange Alliance (DAXA) has introduced new regulations ahead of the Virtual Asset User Protection Act, which takes effect on July 19. The newly implemented rules include the 'Real-Time Abnormal Transaction Monitoring Model Rules' and the 'Standard Advertising Rules.' The 'Real-Time Abnormal Transaction Monitoring Model Rules' encompass an alert system initially adopted as a self-regulatory measure. This system, now mandatory for all exchanges under the new law, outlines general market monitoring procedures that must be followed. These measures aim to enhance the oversight of digital asset transactions and ensure compliance with legal standards. Additionally, the 'Standard Advertising Rules' specify the procedures and methods that exchanges must adhere to when conducting advertising campaigns. These rules are designed to standardize advertising practices and ensure that promotional activities are conducted transparently and responsibly.

According to BlockBeats, ApeCoin announced that the ApeChain testnet, named Curtis, will be launched on July 16. This development marks a significant step for ApeCoin as it continues to expand its blockchain capabilities.

According to Odaily, PeckShield monitoring has revealed that the attacker responsible for the Minterest exploit has transferred 435 ETH, valued at approximately $1.4 million, into TornadoCash.

According to Odaily, Greeks.live analyst Adam announced on X that the ETH ETF will be launched next Tuesday. This positive news has led to an 8% increase in ETH, significantly boosting the entire cryptocurrency market. The substantial price rise has also caused an increase in implied volatility (IV) across various terms. Notably, BTC's implied volatility has risen even more than ETH's, although both remain relatively low. Throughout this month, multiple tweets have highlighted that positive developments for ETH would stimulate the market. The current low IV environment is highly favorable for buyers, and despite the recent increases, option IV remains relatively low, making it a cost-effective time for buyers. Today, several end-of-day call options have surged by over 1000%, with the majority of transactions being proactive call option purchases, accounting for more than half of the trading volume.

According to BlockBeats, data from Coinglass reveals that the cryptocurrency market experienced significant liquidations over the past 24 hours, totaling $193 million. Of this amount, long positions accounted for $35.01 million, while short positions saw liquidations amounting to $157 million.

According to Foresight News, the migration of Galxe's original GAL token to the new Gravity (G) token has commenced. This transition is part of a rebranding and token swap initiative. As a result, major exchanges have suspended support for GAL trading and have begun the process of migrating GAL to G. Once the migration is complete, users' existing GAL tokens will be destroyed, and they will receive G tokens at a 1:60 ratio on the same blockchain. Additionally, users holding GAL in self-custody wallets are required to initiate the migration process through the official migration portal. Upon submission, their existing GAL tokens will be destroyed, and they will receive G tokens at a 1:60 ratio on the same blockchain.

According to BlockBeats, on July 16, monitoring data from Farside revealed that FBTC experienced a net inflow of $36.1 million the previous day.

According to Odaily, the Solana (SOL) ecosystem has seen a notable short-term increase in token prices, potentially influenced by macroeconomic factors. Data from Coingecko reveals significant 24-hour gains among several tokens within the ecosystem. WIF has experienced the highest surge, with a 24-hour increase of 26.7%, currently trading at 2.20 USDT. BOME follows with a 17.3% rise, now priced at 0.009262 USDT. BONK has also seen a substantial gain of 12.7%, with its current price at 0.00002704 USDT. JUP has risen by 11.3%, now valued at 0.9094 USDT. Additionally, RNDR has increased by 9.3%, trading at 6.73 USDT. The SOL token itself has seen an 8% rise, currently priced at 159.29 USDT. These price movements highlight the dynamic nature of the cryptocurrency market and the potential impact of broader economic trends on specific ecosystems like Solana. Investors and market participants will be closely monitoring these developments to gauge future performance and opportunities within the Solana ecosystem.

According to Odaily, the TON ecosystem's meme project, DOGS, has announced the conclusion of its fundraising campaign using Telegram Stars. The official channel revealed that the initiative successfully raised over 23.8 million Telegram Stars. The project also stated that all the funds collected will be donated to charitable organizations.

According to BlockBeats, on July 16, monitoring data from farside revealed substantial net inflows for several assets. ARKB saw a net inflow of $117 million, BITB experienced a net inflow of $15.2 million, and EZBC recorded a net inflow of $3.7 million. These figures highlight a notable increase in investment activity for these assets, reflecting growing interest and confidence among investors. The significant inflows into ARKB, BITB, and EZBC suggest a positive market sentiment and potential for future growth in these assets.

According to BlockBeats, on July 16, Elon Musk took to social media to congratulate JD Vance on becoming the Republican Party's vice-presidential candidate. Musk expressed his approval by stating, 'This is a very great decision.'

According to BlockBeats, market sources have revealed that the US spot Ethereum ETF is scheduled to officially launch on July 23.

According to CryptoPotato, Scroll, a ZK rollup Layer 2 network, has seen a 23% increase over the past seven days, reaching a total value locked (TVL) of $1.03 billion, as per L2Beat data. The overall TVL for all Ethereum Layer 2 networks has risen by 12.04% over the last week, amounting to $42.04 billion. Scroll has become the eighth Ethereum Layer 2 network to surpass a TVL of $1 billion. Of this total value, ETH constitutes 87.29%, stablecoins 11.11%, and other assets 1.60%. The network has gained significant attention since its launch in October 2023, continuously introducing new features. The latest addition, Scroll Canvas, enables users to collect and display achievements, status, and on-chain credentials within the ecosystem. Another initiative, 'Session One,' incentivizes liquidity by awarding points to DeFi users who provide liquidity on decentralized exchanges like Ambient and Nuri. Additionally, users can earn Scroll Marks by depositing assets into lending protocols such as Aave. Despite its high TVL, Scroll does not have its own token. According to CoinGecko data, tokens on Scroll, mostly in wrapped format, have seen price increases. Wrapped stETH (WSTETH) leads in trading volume with a 10% increase over the last week, followed by Bridged USD Coin (Scroll) and Bridged Wrapped Ether (Scroll). Participants are encouraged to bridge ETH and wstETH through the native bridge and STONE using LayerZero to Scroll. No extra transactions or activities are required for those aiming for Session Zero eligibility, simplifying the process for users to benefit from the network’s rewards. In the broader Ethereum Layer 2 landscape, activity has generally increased over the past week. Arbitrum One leads with a TVL of $16.85 billion, marking an 11.91% rise. Base follows with $6.87 billion, despite a 7.53% decrease, while OP Mainnet holds $6.42 billion, a 16.55% increase. Blast has $2.67 billion, up by 10.33%, and Mantle rounds out the top five with $1.24 billion, increasing by 15.07%.

On Jul 15, 2024, 22:19 PM(UTC). According to Binance Market Data, BNB has crossed the 580 USDT benchmark and is now trading at 580.299988 USDT, with a narrowed 6.59% increase in 24 hours.