Crypto Morning Brief: US June CPI rises as expected, Pump.fun疑似transfers 98,000 SOL to buyback address

Author: TechFlow

Yesterday's Market Dynamics

U.S. June unadjusted core CPI annual rate at 2.9%, seasonally adjusted monthly CPI rate at 0.30%

According to Jinshi Data, the U.S. June unadjusted core CPI annual rate was 2.9%, compared to an expected 3.00% and a previous value of 2.80%.

The seasonally adjusted monthly CPI rate was 0.30%, matching expectations and up from the prior 0.10%.

Fed Whisperer: Today's CPI report won't change Fed policy direction

According to Jinshi Data, "Fed Whisperer" Nick Timiraos recently wrote: "June's inflation data may keep Fed officials cautious. Policymakers who predicted tariffs would trigger more significant price pressures later this year may see little reason to change that view after June's figures—especially if retailers delay price adjustments as much as possible. June's data only makes the upcoming July and August reports more important. Similarly, those who believe tariffs won't spark significant inflation (because corporate pricing power is insufficient to sustain higher inflation) also have little reason to alter their views after Tuesday’s report." In recent weeks, Fed Chair Powell has indicated the threshold for rate cuts may be slightly lower than in the spring. This shift reflects an assessment that inflation risks may take longer to emerge and thus have a relatively weaker impact. If the Fed maintains its expectation that inflation acceleration won't be too severe, Powell could potentially open the door to rate cuts as early as September, depending on labor market softening or improved inflation data.

Trump: Lawmakers unanimously agree to vote tomorrow morning on passing the GENIUS Act

On July 16, Trump posted that he had met with 11 members of Congress in the Oval Office and reached agreement on the GENIUS Act, with plans to vote tomorrow morning. House Speaker Mike Johnson participated by phone and expressed support for a swift vote.

U.S. Treasury Secretary: Formal process for Powell's successor has begun

According to Jinshi Data, U.S. Treasury Secretary Bessent stated that the formal process for selecting a successor to Federal Reserve Chair Powell has begun, and the selection will proceed at Trump's pace. There are many rumors about a "shadow Fed Chair," which could cause confusion. If the former Fed Chair continues to serve, it would be confusing.

pump.fun疑似 transfers 98,000 SOL worth ~$16 million to buyback address

On-chain data shows pump.fun疑似 transferred 98,000 SOL, worth approximately $16 million, to a buyback address. Earlier market reports indicated pump.fun announced the launch of its first PUMP token buyback program.

Aqua1: Team operates independently, no connection to Web3port

According to an official announcement, the Aqua1 Foundation issued a statement addressing recent rumors about its team and operations. The statement confirmed Dave Lee joined Aqua1 in April 2025 as co-founder and CEO, aligning closely with the team's long-term vision. Aqua1 emphasized its independent operation and stated it has no equity, financial, or operational ties to any unrelated entities. The team is currently collaborating with Middle Eastern institutions on projects, though certain details remain undisclosed due to compliance requirements.

Earlier reports revealed that Aqua 1, the previously unknown company that donated $100 million to WLFI, was exposed as Web3Port.

Eclipse announces ES token airdrop claim opens July 16 at 17:00

According to an official announcement, ES token airdrop claims will open at 17:00 Beijing time on July 16. ES will be simultaneously issued on the Eclipse mainnet, Ethereum mainnet, and Solana network.

Market news: U.S. Department of Justice concludes investigation into Polymarket

According to market news, the U.S. Department of Justice has concluded its investigation into Polymarket.

Citigroup CEO: Citigroup exploring possibility of issuing stablecoin

According to Jinshi Data, Citigroup's CEO stated the bank is exploring the possibility of issuing a stablecoin.

Standard Chartered launches spot Bitcoin and Ethereum trading services

According to Reuters, Standard Chartered Bank has officially launched spot Bitcoin and Ethereum trading services for institutional clients through its UK branch, becoming the first globally systemically important bank to offer such services. The service aims to meet growing institutional demand for crypto assets, allowing clients to trade digital assets via a familiar foreign exchange trading interface. Standard Chartered said it will offer non-deliverable forward trading services in the future and emphasized its commitment to providing clients with secure, efficient, and compliant digital asset trading and risk management solutions.

SharpLink Gaming purchases another 5,188 ETH 10 hours ago, total holdings reach 300,000 ETH

According to analyst Yu Jin, 10 hours ago SharpLink Gaming purchased another 5,188 ETH (approximately $15.86 million) via Coinbase Prime. Since early June, SharpLink Gaming has accumulated 300,000 ETH using a MicroStrategy-like strategy, with an average purchase price of around $2,701, achieving unrealized gains of $130.9 million so far.

Market Movements

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