According to Ai Yi, a wallet address suspected to belong to Amber Group has withdrawn a total of 15,814 ETH from Binance, OKX and Gate in the past hour, worth about $59.75 million. The address currently holds a total of 18,463 ETH, with a total value of about $70.05 million.
According to The Information, citing people familiar with the matter, AI cloud service startup Fireworks AI is negotiating a new round of financing with Lightspeed Venture Partners and Index Ventures, with a valuation of $4 billion. This valuation has increased more than seven times compared to last year. Fireworks AI focuses on leasing Nvidia chip servers for developers to use for artificial intelligence models.
FIS and Circle partner to provide stablecoin payment services to banks
According to Bloomberg, Fidelity National Information Services Inc. (FIS), a U.S. banking technology provider, has announced a partnership with Circle Internet Group Inc. to provide financial institutions with trading services based on Circle's stablecoin, USDC. The partnership aims to help U.S. banks offer clients the option to use USDC for domestic and cross-border payments. FIS plans to integrate USDC into its funds flow platform, with the service expected to launch before the end of the year.
Brevan Howard appoints former Thiel family office member David Kalk to head crypto fund
According to Bloomberg, Brevan Howard Asset Management will appoint David Kalk, a former member of the Thiel family office, as portfolio manager for its multi-strategy digital asset fund. Kalk, formerly Chief Investment Officer at Reflexive Capital, brings extensive experience in macro and digital asset investing. He will join Brevan Howard along with two former team members and continue to manage digital asset investments at the firm. Brevan Howard has been actively expanding into the cryptocurrency sector in recent years, with its BH Digital Fund achieving a 51.3% return last year.
Cboe BZX Exchange Submits Application to the U.S. SEC to Launch Canary Staked INJ Fund
According to The Block, Cboe BZX Exchange has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the Canary Staked INJ exchange-traded fund (ETF) tracking the native assets of the Injective blockchain. The fund, launched by Canary Capital Group LLC, first proposed the ETF earlier this month. This application is part of a two-step process for cryptocurrency ETF proposals. Cboe BZX also submitted an application for the Invesco Galaxy Solana ETF on Monday.
Coinbase in late-stage talks to acquire Indian exchange CoinDCX
According to Bloomberg, Coinbase is in late-stage negotiations to acquire CoinDCX, the recently hacked Indian exchange.
CryptoPunks NFT trading volume hits highest level since March 2024
According to The Block, the CryptoPunks NFT series had a trading volume of more than $24.6 million last week, setting a record high since March 2024, an increase of 416% from the previous week. The trading boom is believed to be related to GameSquare's issuance of preferred shares for $5.15 million to acquire Punk #5577, which also promoted a significant increase in the floor price and average selling price of CryptoPunks.
A dormant Bitcoin whale account was activated after 12 years, containing 343 Bitcoins
According to Whale Alert, a dormant address containing 343 bitcoins (approximately US$40.3676 million) was reactivated after 12.3 years of inactivity.
Thailand and Cambodia ceasefire agreement officially takes effect
According to CCTV News, a ceasefire agreement between Thailand and Cambodia officially came into effect at midnight on July 28th. On the afternoon of the 28th, Cambodian Prime Minister Hun Manet and Thai Acting Prime Minister Puttan, respectively, led high-level delegations to a special meeting on the Cambodia-Thailand border situation in Putrajaya, Malaysia. The Malaysian Prime Minister stated that Thailand and Cambodia had agreed to a ceasefire, which would take effect at midnight (local time on the 28th). The same day, both Thailand and Cambodia confirmed that they had reached an agreement on a ceasefire, which would take effect at midnight.
Coinbase Adds Bio Protocol (BIO) and Euler (EUL) to Its Asset Roadmap
According to Coinbase Assets, Coinbase announced today that it will include two assets, Bio Protocol (BIO) and Euler (EUL), in its roadmap. Officials said that the launch of trading of these two assets requires market-making support and sufficient technical infrastructure, and the specific launch time will be announced separately.
US SEC postpones approval decision on Grayscale spot SOLANA ETF
According to market news, the U.S. Securities and Exchange Commission (SEC) has postponed its approval decision on the Grayscale spot SOLANA ETF.
US SEC Delays Approval of Truth Social Spot Bitcoin ETF
According to market news, the U.S. Securities and Exchange Commission (SEC) has postponed its approval decision on the Truth Social spot Bitcoin ETF.
OKX becomes the first global platform to offer compliant crypto derivatives trading in the UAE
OKX has officially announced that it has become the first global trading platform to launch regulated crypto derivatives for retail users in the UAE. These products include futures, perpetual swaps, and options, all supporting up to 5x leverage. This initiative not only broadens retail users' strategic options in volatile markets but also demonstrates OKX's continued investment in compliance, security, and user education. The product launch is reportedly based on the Dubai Virtual Asset Regulatory Authority's (VARA) "Innovation Pilot Framework," which aims to provide a controlled testing environment for innovative financial products, encouraging innovation while strengthening regulatory safeguards.
According to Decrypt, amid heightened risks in bond and stock markets, Ray Dalio, founder of Bridgewater Associates, recommends that investors allocate at least 15% of their portfolios to gold and Bitcoin. On the "Master Investor Podcast," he stated that the macro risks of rising government debt in the United States and other countries have not been priced in by the market, potentially leading to a significant market decline. The US government's spending far exceeds its revenue, with debt six times its revenue and annual interest payments reaching $1 trillion. Furthermore, the government can only repay this debt by issuing more debt and printing money by the Federal Reserve, which could trigger market panic. A new round of large-scale quantitative easing or government control of the Federal Reserve could trigger a major crash, and the signals are already flashing. Because these risks are not priced in, Dalio believes that gold and Bitcoin can be used as hedges against fiat currencies and other currencies. He has a "strong preference" for gold and, citing skepticism about Bitcoin, considers gold a more important asset in his portfolio.
Binance Alpha to List Rhea (RHEA)
According to the official announcement, Binance Alpha will launch Rhea (RHEA) on July 30. Eligible users can use Binance Alpha points to claim the airdrop on the Alpha event page, and they can claim it after trading is open. More details will be announced soon.
The total DeFi TVL of the entire network exceeded US$153 billion, reaching a new high since May 2022
According to CoinDesk, DefiLlama data shows that the total value locked (TVL) in DeFi has exceeded $153 billion, reaching a new high since May 2022. Ethereum still dominates the DeFi market, accounting for 59.5% of the TVL. Liquid staking protocol Lido and lending platform Aave hold $32 billion to $34 billion in assets, respectively. Solana's on-chain TVL increased 23% to $12 billion this month, with protocols such as Sanctum and Jupiter performing particularly well. Avalanche and Sui saw TVL increases of 33% and 39%, respectively, while the Bitcoin DeFi ecosystem saw a mere 9% increase to $6.2 billion.
Binance HODLer Airdrop Now Available for the 29th Treehouse (TREE) Project
According to an official announcement, the Binance HODLer airdrop has launched its 29th project – Treehouse (TREE), a decentralized fixed-income layer. Users who subscribe to guaranteed principal earning (fixed and/or demand) or on-chain earning products using BNB between 08:00 on July 10, 2025, and 07:59 on July 14, 2025 (GMT+8) will receive the airdrop. HODLer airdrop information is expected to be available within 24 hours, and the new tokens will be distributed to users' spot wallets at least one hour before trading begins. Binance will list TREE at 22:00 on July 29, 2025 (GMT+8) and open trading pairs against USDT, USDC, BNB, FDUSD, and TRY. Seed tag trading rules apply. TREE deposits will open at 00:00 on July 29, 2025 (GMT+8). *Please note that TREE will be listed and traded during the Binance Alpha event (time to be announced separately), but after spot trading is opened, TREE will no longer be displayed on Binance Alpha.
According to investing.com, US electric vehicle company Volcon (ticker: VLCN) announced that it has purchased an additional 316.8 Bitcoins for $37.3 million since its last update on July 25. The company currently holds 3,500.18 Bitcoins, with a total purchase price of approximately $412 million and an average purchase price of $117,683 per Bitcoin. Volcon also sold more short-term put contracts, which give it the option to potentially purchase more Bitcoin at a strike price between $115,000 and $118,000.
TRON. Inc submits hybrid shelf offering application to the U.S. SEC with a scale of up to $1 billion
PANews reported on July 28 that according to Reuters, TRON.Inc submitted an application for a hybrid shelf issuance to the US SEC, with a maximum fundraising scale of US$1 billion.
Monero faces network takeover attempt by mining pool Qubic, sparking community backlash
According to Cointelegraph, Monero is facing a suspected network takeover attempt by the Qubic mining pool, sparking strong community opposition and concerns about the centralization of hashing power. As of Monday, MiningPoolStats data showed that Qubic's ranking among Monero mining pools had plummeted from first to seventh, with hashing power plummeting after the community discovered the takeover attempt. On June 30th, Qubic announced on its blog that it was incentivizing Monero CPU mining through its own network, with the resulting XMR used for ecosystem buybacks and token burns. Founder Sergey Ivancheglo publicly acknowledged that the Qubic network was taking over the Monero network and, once it controlled a majority of the hashing power, would reject blocks from other mining pools. On Monday, Ivancheglo announced that the Qubic mining pool would stop reporting its hashing power starting next Wednesday to make it more difficult to assess the threat. He also stated that he was developing countermeasures to any self-orchestrated attack. Unstoppable Wallet analyst Dan Dadybayo explained that with 51% of the hashing power, Qubic could orphan blocks, reject transactions, delay confirmations, stifle competition, and force protocol changes. He noted that Ivancheglo had suggested that from August 2, Monero users should expect orphaned blocks and should only accept transactions after 13 confirmations. Dadybayo added that while Qubic claims it has no intention of harming Monero, “intentions don’t matter.” He explained that centralization means risk, and potential censorship is destructive to the network, concluding that incentive mechanisms have become a new attack vector.
PayPal to allow US merchants to accept over 100 cryptocurrencies
According to Fortune magazine, fintech giant PayPal launched a new payment option on Monday that will allow small U.S. merchants to accept more than 100 cryptocurrencies, including mainstream cryptocurrencies such as Bitcoin and Ethereum, as well as Trump MEME coins and even the spoof token Fartcoin. A spokesperson said that any U.S. business using PayPal's online payment processing platform can choose to join. PayPal Executive Vice President Frank Keller said that PayPal will charge merchants a 0.99% transaction promotion fee in the first year, and will increase the fee to 1.5% thereafter. To settle transactions, PayPal will allow users to connect their existing cryptocurrency wallets to the checkout page. Depending on the type of crypto wallet used by the buyer, PayPal will sell the cryptocurrency on centralized exchanges such as Coinbase or decentralized exchanges such as Uniswap. The proceeds from the sale will be converted into PayPal's own stablecoin, and then converted into U.S. dollars and returned to the merchant.
Interactive Brokers Considers Launching New Stablecoin for Clients
According to Reuters, Thomas Peterffy, the billionaire founder of Interactive Brokers, said in an interview that the company is exploring the possibility of issuing stablecoins, but has not yet made a final decision on how to offer them to clients. Interactive Brokers is one of the world's leading discount brokers, with a market capitalization of approximately $110 billion. The company currently has a partnership with the crypto platform Paxos and is also an investor in the crypto exchage Zero Hash. Through these partnerships, Interactive Brokers offers clients a variety of cryptocurrency trading services. Peterffy stated that Interactive Brokers is working to enable instant, around-the-clock stablecoin deposits into brokerage accounts and support asset transfers of commonly traded cryptocurrencies.
According to Investing, Nasdaq-listed company Upexi (NASDAQ: UPXI) has signed an equity financing agreement with AGP/Alliance Global Partners. Under the agreement, Upexi may sell up to $500 million of common stock at its discretion, subject to certain restrictions and closing conditions. The company stated that it will use the proceeds from the equity financing for general corporate purposes and to advance its Solana asset reserve strategy. The equity financing structure allows Upexi to access the capital markets at its own discretion without having to raise funds immediately. Such agreements typically allow companies to sell shares over a period of time, depending on market conditions and funding needs.
According to Businesswire, Mill City Ventures III, Ltd. (NASDAQ:MCVT), a non-bank lender and financial company, announced that it has signed a securities purchase agreement to make a private investment in public equity, purchasing and selling 83,025,830 shares of its common stock at a price of $5.42 per share, for expected gross proceeds of approximately $450 million (after deducting placement agent fees and other offering expenses). Hedge fund Karatage led the investment, with the Sui Foundation providing an equal investment. The offering is expected to close on or about July 31, 2025. The company plans to use approximately 98% of the net proceeds from the private placement to acquire SUI, the native token of the Sui blockchain, and approximately 2% of the net proceeds to support its short-term lending business. SUI will serve as the company's primary financial reserve asset.
According to Streetinsider, CEA Industries and 10X Capital announced a $500 million private placement financing with the support of YZi Labs to establish the BNB treasury. The two institutions will expand the scale of PIPE issuance. More than 140 subscribers participated in the issuance. In addition to YZi Labs, there are Pantera Capital, Arche Capital, GSR, Borderless, Arrington Capital, Blockchain.com, Hypersphere Capital, Kenetic and other institutions.
MARA Holdings Raises $950 Million in Convertible Bond Offering to Build More Bitcoin
According to official news, MARA Holdings successfully raised US$950 million by issuing 0% convertible bonds to increase its holdings of more Bitcoin, repay US$50 million of old bonds and for general corporate purposes.
Market News: Strategy did not increase its Bitcoin holdings last week
According to market sources, Strategy did not purchase any Bitcoin between July 21 and July 27.
Solana Co-founder: Meme Coins and NFTs Are “Digital Garbage”
According to Decrypt, Solana co-founder Anatoly Yakovenko sparked a heated discussion on the crypto Twittersphere last weekend. Despite the Solana chain profiting handsomely from meme coin activity, he slammed meme coins and NFTs as "digital garbage." In an interaction with Base founder Jesse Pollak, he tweeted that they have no intrinsic value and compared such digital assets to the "loot box" mechanics of free-to-play games. Pollak's comments were in response to critics comparing Zora's creator tokens to anonymous meme coins on Pump.fun. He argued that content and creators have value, and that equating the two assets is a logical fallacy. Yakovenko, in turn, argued that these tokens are products of virality, with buyers eager to cash in on the momentum. Pollak countered that tokens are a powerful technology that enables creators to circulate value, and that those who disagree can simply insist that "content has no value."
Listed company Liminatus Pharma plans to raise $500 million to invest in BNB
According to Business Insider, preclinical-stage biopharmaceutical company Liminatus Pharma, Inc. (NASDAQ: LIMN) today announced plans to strategically expand into the cryptocurrency and blockchain space. The company plans to establish a subsidiary, "American BNB Strategy," to lead its digital asset investment and management initiatives. Through this platform, Liminatus plans to raise and deploy up to $500 million in phases, with the goal of making strategic, long-term investments in BNB.
Binance Alpha to List GAIA (GAIA)
According to the official announcement, Binance Alpha will launch GAIA (GAIA) on July 30. Eligible users can redeem airdrops using Binance Alpha points on the Alpha event page and claim them after trading is open. More details will be announced soon.
Jack Dorsey’s decentralized chat app Bitchat is now available on the Apple App Store
According to Bitcoin News, the decentralized peer-to-peer chat application Bitchat launched by Jack Dorsey this month is now available on the Apple App Store. According to previous news, Bitchat is a secure, decentralized peer-to-peer chat application that runs over a Bluetooth Mesh network, without the need for the Internet, servers, or phone numbers, only pure encrypted communication.
BTCS Inc. increased its holdings by 14,240 ETH, bringing its total holdings to 70,028 ETH
BTCS Inc., a Nasdaq-listed blockchain company, disclosed on the X platform that it has increased its holdings by 14,240 ETH, bringing its total holdings to 70,028 ETH, with a fair value of approximately $270 million based on an ETH price of $3,850. BTCS has completed the issuance of $10 million in convertible bonds. The conversion price of this financing is $13 per share, a premium of 198% over BTCS's closing price on July 18, 2025.
ECB warns: Rise of stablecoins could undermine eurozone monetary policy
The European Central Bank has warned that the rise of stablecoins could undermine eurozone monetary policy, according to the Financial Times. The ECB said the dollar’s early dominance in stablecoins gives the United States an advantage and could push up European borrowing costs, weaken the ECB’s autonomy, and increase its dependence on the United States.
According to Bloomberg, Standard Chartered Bank's crypto trading platform, Zodia Markets, has secured $18.25 million in funding led by New York-based venture capital firm Pharsalus Capital, with participation from Circle Ventures, Token Bay Capital, and XVC Tech. This round of funding reduces Standard Chartered's stake from 84% to 60%. Zodia Markets, founded in 2021, provides over-the-counter (OTC) cryptocurrency brokerage services. The new funds will be used to expand into East Asia, Latin America, and the US, as well as expand its stablecoin business. The company, with a team of approximately 50 employees, prioritizes profitability and avoids reckless expansion.
Sequans Communications (NYSE: SQNS), a French IoT semiconductor company, announced that it has purchased an additional 755 Bitcoins for approximately $88.5 million, at an average price of $117,296 per Bitcoin (including fees). As of July 25, 2025, the company held a total of 3,072 Bitcoins, all of which were purchased using the net proceeds from the successful offering on July 7, 2025. The company's total net investment in Bitcoin is approximately $358.5 million, at an average price of $116,690 per Bitcoin (including fees).
Paidun: SuperRare suffered an attack and lost about $730,000 in RARE
According to Paidun monitoring, the NFT market SuperRare was attacked, resulting in the loss of RARE tokens worth approximately US$730,000.
Binance Alpha and Binance Futures to List Naoris Protocol (NAORIS)
According to the official announcement, Binance Alpha will list the Naoris Protocol (NAORIS) at 12:00 PM (UTC) on July 31, 2025. Additionally, Binance Futures will launch the NAORIS USDT perpetual contract at 12:30 PM (UTC) on July 31, 2025, with up to 50x leverage. Binance will also offer an exclusive token airdrop to eligible users. Eligible users can claim the airdrop using Binance Alpha Points on the Binance Alpha event page between 12:00 PM (UTC) on July 31, 2025, and 12:00 PM (UTC) on August 1, 2025.
Binance Wealth Management launches principal-guaranteed wealth management product RWUSD
According to an official announcement, Binance Wealth Management has launched RWUSD, a principal-guaranteed investment product that provides users with the yield of US Treasury-grade tokenized real-world assets (RWA). Users can purchase RWUSD and earn up to 4.2% annualized yield. Users can purchase RWUSD using designated stablecoins (USDT or USDC for eligible regions). After purchasing, users will receive an equal amount of RWUSD in their spot accounts at a 1:1 ratio. RWUSD does not incur any subscription fees. Upon redemption, RWUSD will be converted to USDC at a 1:1 ratio, regardless of whether the initial purchase was made with USDC or USDT. Users can choose between quick redemption and standard redemption, with corresponding fees applicable.
