137Labs On-chain Report Issue 120
🔥 Hot topics
1⃣️ The U.S. House of Representatives has advanced key cryptocurrency legislation to the final voting stage.
2⃣️ The 'WLFI token transfer proposal' has been voted through in the early hours of today.
3⃣️ SharpLink Gaming has acquired an additional 10,614 Ethereum, valued at 35.62 million USD.
4⃣️ Tether's circulation surpasses 160 billion USD, setting a new historical high.
📈 Project updates
1⃣️ ETH perpetual contract trading volume surpasses BTC, reaching the top of the market.
2⃣️ Coinbase launches Base App, creating a one-stop social and trading platform.
3⃣️ Raydium has repurchased 69.1 million RAY, totaling 190 million USD, accounting for 25% of circulation.
4⃣️ Binance: The ERA airdrop will be distributed in two phases, with the first phase requiring 224 Alpha points to claim.
📅 Key event preview
July 22: Powell welcomes the regulatory meeting.
July 30: U.S. Q2 GDP quarter-on-quarter (20:30)
