[//]:content-type-MARKDOWN-DONOT-DELETE ![](https://gimg2.gateimg.com/image/ann_en202507151550195125321250.webp) - Market Commentary: BTC surged past the 120,000 USDT threshold today, reaching a peak of over 123,000 USDT, significantly setting a new all-time high. In contrast, ETH has previously made several unsuccessful attempts to breach the crucial 3,000 USDT level. Today, ETH managed to surpass 3,000 USDT multiple times but still struggles to maintain this position. - Top Tokens: PUMP, XCN, and PENGU have shown impressive performance in this market rally. On July 15, the PUMP token was listed on major cryptocurrency exchanges. Previously, the subscription price for PUMP tokens was $0.004. After its listing, the price of PUMP briefly exceeded $0.006. XCN is currently priced at $0.019, with a 24-hour increase of 15.14%. Onyx's official social media announced the approval of OIP-60, which will activate Onyx points for ETH stakers on Ethereum and deploy gas-free Onyx wallets. This positive news may be driving XCN's recent surge. PENGU is currently trading at $0.031, with a 24-hour increase of 9.19%. On July 15, Pudgy Party, an ecosystem game from Pudgy Penguins, was launched on Apple and Google app stores. The release of this game marks a significant development in the Pudgy ecosystem, enriching its application scenarios. - Alpha Insight: Aave's net deposits have surpassed $50 billion, becoming the first DeFi protocol to reach this scale. Trusta announced a strategic partnership with Solana on the Solana Attestation Service and received infrastructure funding from the Solana Foundation. Timur Suleimenov, the Governor of Kazakhstan's Central Bank, stated that the country plans to explore investing its gold and foreign exchange reserves and national fund assets in cryptocurrencies. - Gate Launchpool: Gate platform is currently conducting a subscription event for Velvet (VELVET). Users can receive a total of 500,000 VELVET airdrops for free by staking ETH or VELVET before July 15, 2025, at 12:00 (UTC). Velvet is a DeFAI operating system designed to simplify on-chain research, trading, and portfolio management. Discover more details today → PUMP Token Surges Over 40% Since Launch | BTC breaks through $120,000, reaching a new all-time high | Gate Research 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 15, 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: PUMP Token Surges Over 40% Since Launch | BTC breaks through $120,000, reaching a new all-time high