[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202507111519250270933416.webp) - Market Commentary: Trump posted on Truth Social platform stating: Cryptocurrencies are "going through the roof," which has had a positive impact on the entire cryptocurrency market. BTC has strongly broken through the key resistance level of 115,000 USDT, pushing towards the 120,000 USDT round number. ETH has breached the 3,000 USDT integer level. Trump's tweet and the vision statement released by the Ethereum Foundation may have positively influenced the price surge. - Top Tokens: SEI, PENGU, and FARTCOIN have shown impressive performance in the bullish market. USDC native token and CCTP V2 are set to launch on Sei Network, bringing the world's largest compliant stablecoin and frictionless cross-chain transfers to Sei's high-performance Layer-1 blockchain. Influenced by this news, SEI has seen significant growth in both token price and trading volume. Canary Capital has submitted a PENGU spot ETF application to the SEC, increasing the likelihood of PENGU's spot ETF approval, which is a significant positive for PENGU's price. The Memecoin sector has experienced a general uptrend, with Fartcoin being one of the representatives. Among other tokens in the Memecoin sector, higher market cap coins like DOGE, SHIB, PEPE, TRUMP, and BONK have all surged by over 8%. - Alpha Insight: The Ethereum Foundation recently released a vision statement, outlining two main development goals: First, to benefit more people from its underlying value by increasing the number of Ethereum users. Second, to enhance the resilience of Ethereum's technical and social infrastructure. Germany's state-owned development bank NRW.BANK announced the issuance of a 100 million euro blockchain bond on the Polygon blockchain. DDC Enterprise Limited and Animoca Brands have signed a non-binding memorandum of understanding to establish a strategic partnership, with Animoca Brands committing $100 million to support DDC's Bitcoin treasury. - Gate Launchpool: Gate platform is currently conducting a subscription event for Useless Coin (USELESS). Users can start receiving a total of 100,334 USELESS airdrops for free by staking USDT or USELESS from July 11, 2025, at 10:00 (UTC). USELESS is a decentralized meme token with no presale, no team allocation, and no roadmap. It embodies the spirit of internet culture by subverting the concept of value. Discover more details today → Trump posts that crypto Gate Research is a comprehensive platform offering in-depth blockchain and cryptocurrency research, including technical analysis, market reviews, trend forecasts, and macroeconomic insights. **Disclaimer** Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions. Gate Team July 11, 2025 **Gateway to Crypto** Trade over 3,500 cryptocurrencies safely, quickly, and easily on Gate **Take Action Now** Sign up and claim up to $10,000 in welcome rewards Invite friends and earn a 40% commission **Stay Connected** Visit Gate's official website Download the Gate App | Desktop Follow us on X (Twitter) to get more bonuses Join our Telegram community to discuss trending topics Engage with our global community for the latest insights **Transparency & Security** Check our 100% Proof of Reserves

Gate Research: Trump posts that crypto "Through the Roof" | Ethereum Foundation outlines future development vision