According to Odaily, Franklin Bi, a general partner at Pantera Capital, announced on X that the firm will reengage in on-chain governance, beginning with Arbitrum and gradually expanding to more projects. The decision to start with Arbitrum stems from Pantera Capital's history with the project, as they led the investment in Offchain Labs, the development team behind Arbitrum, back in 2018.

According to Foresight News, Japanese publicly traded company Metaplanet saw its stock price rise by 25.8% during early trading today, currently priced at 117 yen per share. Previously, Foresight News reported that Metaplanet disclosed an additional purchase of 21.88 bitcoins on July 16, valued at approximately $1.26 million. As of now, Metaplanet holds a total of 226.611 bitcoins, worth around $14.2 million.

According to Odaily, Yuga Labs co-founder Garga.eth expressed excitement on the X platform about the launch of the ApeChain testnet, Curtis. He mentioned that there is currently not much to do on the testnet, but once the mainnet goes live, Otherside and other dApps under development will operate on the chain.

According to BlockBeats, on July 16, a video disclosed by a prominent crypto Key Opinion Leader (KOL) revealed that JD Vance, the Republican vice-presidential candidate, criticized Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), during a speech. Vance described Gensler as the 'worst regulator' for the crypto industry and stated that his approach to regulating the cryptocurrency market is 'completely contrary to ideal policy.' Vance further accused Gensler of attempting to inject excessive political factors into the actual business of U.S. securities. This criticism highlights ongoing tensions and differing perspectives on the regulation of the rapidly evolving cryptocurrency sector.

According to Odaily, Decentralized has revealed the minting details for its first Ordinals series, titled UNTITLED. The series will consist of 222 runes, with a minting fee set at 1 million Decentralized runes. The minting date is scheduled for July 18. Additionally, addresses participating in the minting of UNTITLED must hold Promethean. A snapshot to verify eligibility will be taken on July 17 at 20:00 Beijing time.

According to BlockBeats, on July 16, the AI sector tokens experienced notable increases in their market values. Among the tokens, ARKM is currently priced at $1.6, reflecting a 24-hour increase of 10.5%. TAO is now trading at $298.05, showing a 24-hour rise of 4.9%. SPEC has surged to $7.79, marking a significant 24-hour gain of 30.1%. Additionally, GPU is priced at $0.7627, with a 24-hour increase of 24.98%.

According to Foresight News, alternative data indicates that the cryptocurrency Fear and Greed Index has increased to 65 today. This marks a significant rise from yesterday's neutral state of 52, suggesting that the market has now entered a 'greed' phase.

According to Odaily, on-chain analyst @ai_9684xtpa has reported that a smart money address, 0xE29, has achieved a significant profit from its investment in the FIGHT token. The address initially purchased 15.61 million FIGHT tokens at an average price of $0.000006862 per token, spending a total of $106. This purchase was made immediately after FIGHT was listed on the Ethereum mainnet. Since then, the address has sold 43% of its holdings, realizing a profit of 5.4 ETH. The remaining tokens in the address still show an unrealized gain of $118,000. This translates to an overall increase of 1328 times the initial investment.

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.