3 new wallets bought another 74,207 ETH worth $273 million in the past 10 hours
According to Lookonchain monitoring, new whale wallets continue to increase their holdings of ETH. Three new wallets have purchased another 74,207 ETH (worth $273 million) in the past 10 hours. Since July 9, eight new wallets have accumulated 540,460 ETH (worth $1.99 billion).
Arthur Hayes purchased $1 million worth of ENA tokens through multiple channels in the past 7 hours
According to on-chain analyst Ember's monitoring, BitMEX co-founder Arthur Hayes purchased $1 million worth of ENA tokens through multiple channels in the past 7 hours: 500,000 USDC was transferred to Binance, and 1.08 million ENA was withdrawn; 250,000 USDC was transferred to Galaxy Digital, and 560,000 ENA was withdrawn; 250,000 USDC was transferred to Flowdesk, and 520,000 ENA was withdrawn. In this market, Arthur Hayes has been "shill" for ETH and ETH ecosystem. His own address has also purchased ETH and ETH ecosystem tokens worth US$12.5 million since July 12: 6 million USDC was used to purchase 2071 ETH (unit price: US$2,897); 3 million USDC was used to purchase 7.764 million ENA (unit price: US$0.386); 1 million USDC was used to purchase 3033 AAVE (unit price: US$330); 1 million USDC was used to purchase 1.125 million LDO (unit price: US$0.89); 1 million USDC was used to purchase 791,000 ETHFI (unit price: US$1.26); 500,000 USDC was used to purchase 38.86 billion PEPE (unit price: US$0.0000128).
The Beijing Haidian District Local Financial Management Bureau issued an announcement stating that digital currencies represented by stablecoins have recently attracted widespread attention from the market. Some illegal institutions use "financial innovation" and "digital assets" as gimmicks, take advantage of the public's lack of understanding of stablecoins, etc., and absorb funds by issuing so-called "virtual currencies", "virtual assets", "digital assets", etc., induce the public to participate in trading speculation, disrupt the economic and financial order, breed illegal fundraising, gambling, fraud, pyramid schemes, money laundering and other illegal and criminal activities, and seriously endanger the property safety of the public. The agency reminded that without the permission of the national financial management department in accordance with the law, no institution may absorb funds from the public. Some illegal institutions use new concepts such as stablecoins to speculate, publicly falsely advertise and absorb public funds, breeding various illegal and criminal activities such as illegal fundraising. The "Regulations on the Prevention and Disposal of Illegal Fund Raising" stipulates that the state prohibits any form of illegal fundraising, and the losses incurred due to participating in illegal fundraising shall be borne by the participants of the fundraising.
According to Lookonchain monitoring, Taiwanese singer Huang Licheng (Machi Big Brother) is still increasing his long position in PUMP. He has lost more than $10 million on PUMP, including $2.17 million in spot losses and $8.14 million in contracts.
Cryptocurrency trading platform WOO X said on the X platform that as the investigation deepened, it was confirmed that the losses of accounts affected by the hacker incident had reached 14 million US dollars. All funds of these users will be compensated. It is working with external security teams and other exchanges to prevent further outflow of funds. Earlier this morning, it was reported that the WOO X platform was suspected of being attacked and the loss exceeded 10 million US dollars.
According to Zhitong Finance, CICC Research Report said that we proposed that stablecoins have the potential to become a new type of infrastructure, and by analyzing the incentive compatibility mechanism of all participants in stablecoins, we will look forward to the potential impact of stablecoins on financial markets and the international monetary system, and further explore China's response strategies. We believe that the embryonic stage of infrastructure is an important development opportunity, and issuing offshore RMB stablecoins may be China's first choice for participating in the development of stablecoins; but it should be noted that stablecoins are only a "technique" to promote the internationalization of RMB. Whether RMB can become a widely trusted international currency fundamentally depends on "Tao", that is, the "legal anchor" and "functional anchor" of RMB. The potential risks of stablecoins themselves will also affect the stability of financial markets. The first is bank runs and liquidity risks. The second is deposit relocation and financial disintermediation. The third is price fluctuations and market linkage. CICC also stated that compared with cross-border payment scenarios, the advantages of stablecoins in local payment scenarios are not obvious. In addition, CICC said that the increase in the share of US dollar stablecoins may hinder the internationalization of RMB. The global stablecoin market size has exceeded US$260 billion, of which more than 95% is pegged to the US dollar. If the U.S. dollar dominates the stablecoin field, it may squeeze the cross-border payment share of the RMB, which is not conducive to the internationalization process of the RMB.
$18.75 million worth of BONK was transferred from Galaxy Digital to Binance and Coinbase
According to the on-chain analyst Ember, half an hour after the Bonk project tweeted that it had repurchased and destroyed 500 billion BONK (US$18.47 million), 510 billion BONK (US$18.75 million) were transferred from Galaxy Digital to Binance and Coinbase. This may have caused BONK to fall by 10%: from US$0.0000365 to US$0.0000325.
Deribit: Over $15.4 billion in BTC and ETH options are about to expire
According to Deribit official news, Bitcoin and Ethereum options with a total value of over $15.4 billion will expire this Friday. Among them, the nominal value of Bitcoin options is $12.66 billion, the Put/Call ratio is 0.88, and the maximum pain point price is $112,000; the nominal value of Ethereum options is $2.75 billion, the Put/Call ratio is 0.87, and the maximum pain point price is $2,800.
According to Jiemian News, on the morning of July 25, OSL Group announced on the Hong Kong Stock Exchange that on July 25, 2025 (before the trading hours), the company had entered into a placing and subscription agreement, a general authorization subscription agreement and a special authorization subscription agreement. The total amount of proceeds from the transactions to be carried out under these agreements is estimated to be approximately HK$2.35503 billion, and the net proceeds are estimated to be approximately HK$2.33610 billion. The placing price is HK$14.90 per placing share, which is a discount of approximately 15.34% to the closing price of the shares on the last trading day on the Stock Exchange. The company intends to use the total net proceeds for the following matters: approximately 50% to support the company's strategic acquisition initiatives; approximately 30% to develop global business and new business initiatives (including payment and stablecoin initiatives); and approximately 20% for the group's general corporate purposes.
Resolv announced the activation of the Resolv protocol fee mechanism. Starting from this month, Resolv will begin to charge protocol fees, and use part of the daily profit for long-term value creation and give back to RESOLV stakers. The fees will increase gradually. From the 1st to the 4th week and thereafter, they will be charged at 2.5%, 5.0%, 7.5%, and 10.0% of the daily profit respectively. The protocol fee will only be charged when there is positive income. There will be no fee when the income is zero or there is a loss. The protocol income will be used to enhance the value that Resolv provides to users and stakers, including: supporting new integrations in the DeFi, FinTech and institutional fields; funding ecosystem grants and product development; promoting buybacks and other token alignment programs; in the future, users can track income and its use through an exclusive transparent dashboard.
JPMorgan Chase: Capital inflows into cryptocurrencies have reached $60 billion so far this year
According to The Block, JPMorgan analysts estimate that digital asset inflows have reached $60 billion this year, driven by crypto fund flows, CME futures trading activities and venture capital financing. Since the end of May, capital inflows have increased by nearly 50% and are expected to easily surpass the historical record set last year. Analysts pointed out that the US GENIUS Act provides a regulatory framework for stablecoins, while the CLARITY Act promotes the classification of digital assets, and the improved policy environment is attracting more institutional participation. The report added that Ethereum has become the focus of institutional allocation due to its dominant position in DeFi and smart contracts, while Altcoin ETFs with pledge functions have also received more attention from asset management companies. Fund flows show that digital assets and hedge funds have performed strongly, in contrast to private equity and credit markets. In addition, since most stablecoins are denominated in US dollars, other countries are stepping up their competition.
Binance and Circle reach new cooperation to integrate Circle’s income-generating asset USYC
According to The Block, Binance is adding Circle's yield-generating asset USYC to the list of collateral options for its institutional clients. This move is the latest collaboration between Circle and Binance. Binance's institutional clients can now hold USYC, a tokenized money market fund similar to BlackRock's BUIDL fund, and use it as collateral for over-the-counter derivatives transactions. USYC will also be issued natively on the BNB chain, "enabling USYC users to explore the on-chain world more seamlessly." According to RWA.xyz data, USYC has approximately $686 million in assets on the chain, mainly investing in U.S. government securities through reverse repurchase agreements.
According to The Block, an on-chain investigation shows that a wallet long associated with Ripple co-founder Chris Larsen has transferred 50 million XRP, worth about $161 million, since July 17. On-chain investigator ZachXBT said the wallet appears to have transferred tokens worth about $140 million to three addresses associated with exchanges and deposited another 10 million tokens into two newly created wallets. ZachXBT pointed out that 30 million XRP were transferred to two addresses historically used to transfer assets to trading platforms, while the third recipient received 10 million XRP. The last two addresses each held 5 million XRP, and there was no previous trading activity. Data shows that the relevant addresses controlled by Larsen still hold about 2.81 billion XRP, which is worth about $9 billion at today's price of $3.20.
According to The Block, REX-Osprey's Solana staking ETF has incorporated staking rewards through a partnership with JitoSOL, the Solana ecosystem liquidity staking token. This makes it the first and only cryptocurrency ETF to offer staking rewards to U.S. investors. 100% of the fund's staking rewards will be "distributed in full to shareholders, with neither REX nor Osprey retaining any share." The REX-Osprey Solana+ Staking ETF went live on July 2 and is the first fund approved for staking assets. According to The Block Research data, the fund has accumulated a trading volume of at least $222 million since its launch and has a net asset value of over $100 million under management. Greg King, CEO of REX Financial and Osprey Fund, said in a statement: "Today, with the liquidity staking function implemented through JitoSOL, we have increased liquidity while maintaining the U.S. ETF structure and continued to issue native Solana rewards."
Musk's xAI will integrate Grok dialogue model into prediction market Kalshi
According to The Block, xAI, an artificial intelligence startup founded by Musk, will integrate its Grok conversation model into the Kalshi platform, the only event contract exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC), to provide real-time AI analysis for retail traders who bet on events ranging from Federal Reserve decisions to Oscar winners. The two companies said on the X platform that the cooperation is effective immediately. Kalshi users will be able to query the Grok large language model before placing an order to obtain on-chain data, historical odds and the latest headlines; while xAI has obtained a real-time environment to stress test the reasoning ability and probability output results of its Grok model.
Tether Treasury minted 2 billion USDT on the Ethereum chain in the early morning
According to Whale Alert monitoring, at around 1 a.m. today, Tether Treasury minted a total of 2 billion USDT in two batches on the Ethereum chain.
Tether: 250,000 Tether Gold tokens in circulation are backed by 7.66 tons of gold
According to The Block, Tether said in an announcement released on Thursday that as of the second quarter of 2025, the circulation of Tether Gold (XAU₮) has reached nearly 250,000. Each token is pegged to 1 troy ounce of physical gold at a 1:1 ratio, and the total reserves are equivalent to more than 7.66 tons of gold. Tether pointed out that against the backdrop of macroeconomic uncertainty, fiat currency fluctuations and rising debt, digital assets such as gold-backed XAU₮ are being seen as important hedging tools. The product presents traditional gold in a digital form, combining hedging functions with global transferability. Tether Gold was launched in January 2020, anchored to the London Good Delivery Gold Bar standard, and its current total market value exceeds US$830 million.
According to The Block, citing The New York Times, Christie's International Real Estate has set up a new department dedicated to promoting the use of cryptocurrencies rather than traditional fiat currencies to purchase luxury properties. The company said that luxury properties worth $1 billion are currently accepting pure cryptocurrency offers from potential buyers. It is reported that Aaron Kirman, CEO of Christie's Southern California branch, opened the department inspired by the recent high-priced crypto real estate sales. The department is "equipped with a dedicated team of lawyers, analysts and cryptocurrency experts" and can process cryptocurrency payments without the help of intermediary banks. Kirman said that he has presided over some transactions in which the seller did not know the identity of the buyer, but the lawyer hired by the seller would verify with the buyer whether the source of funds was legal. Kirman predicts that within five years, cryptocurrency payments will account for more than one-third of residential real estate sales in the United States.
TON Foundation and Kingsway Capital Plan to Raise $400 Million for TONCoin Treasury
According to Aggr News, the TON Foundation and Kingsway Capital plan to raise $400 million for the TONCoin treasury.
Strategy plans to raise funds to buy Bitcoin to $2 billion
According to zoomer, Strategy (formerly MicroStrategy) plans to increase the scale of funds raised for purchasing Bitcoin from US$500 million to US$2 billion.
IMF: El Salvador's Strategic Bitcoin Reserve Fund accumulates Bitcoin to meet program conditions
According to Jinshi, the International Monetary Fund said that the accumulation of Bitcoin by the El Salvador Strategic Bitcoin Reserve Fund meets the planned conditions. El Salvador's Bitcoin holdings are in line with the country's planned commitments. The total amount of Bitcoin held in the El Salvador government wallet remains unchanged.
Kraken to Integrate INK Token and Ink Network to Drive Product Upgrades and Airdrops
According to The Block, cryptocurrency exchange Kraken plans to integrate its INK token and Ink Layer 2 network into its existing core product system to serve global customers. Kraken said the move will "unlock a new wave of application scenarios driven by on-chain protocols and infrastructure." As part of the plan, INK tokens will be included in the Kraken Drops reward program, and qualified users will receive airdrops. The Ink Foundation said that INK aims to maximize network utility rather than "speculation" and will not participate in the governance decisions of Ink Layer 2. It is mainly used for liquidity aggregation and incentives for network application use. Kraken co-CEO Arjun Sethi said INK will help "unify the infrastructure of on-chain and off-chain users" and promote the standardization of value flow. Since Kraken announced the upcoming airdrop of INK, the total value of Ink network locked positions has jumped from about US$20 million in June to more than US$102 million in July.
GameSquare acquires CryptoPunk #5577 for $5.15 million and increases its holdings by 12,913 ETH
According to Chainwire, GameSquare Holdings (NASDAQ: GAME) announced that it has acquired the rare "Cowboy Ape" CryptoPunk NFT (No. 5577) from DeFi pioneer and Compound founder Robert Leshner for $5.15 million in preferred stock. This is the first time GameSquare has directly invested in NFT, and plans to incorporate it into the NFT income strategy with an annualized return target of 6-10%. At the same time, the company added 1,2913 ETH at an average price of approximately $3,646/ETH, with a total holding of $52 million. GameSquare will also work with Superstate to explore blockchain-based share tokenization and continue to advance the Web3 strategy and digital asset income plan.
Bitcoin ETF has a net outflow of 751 BTC today, while Ethereum ETF has a net inflow of 110,868 ETH
According to Lookonchain, 10 Bitcoin ETFs had a net outflow of 751 BTC (about 89.05 million USD) today, of which Fidelity had an outflow of 1,919 BTC and currently holds 204,621 BTC. 9 Ethereum ETFs had a net inflow of 110,868 ETH (about 404 million USD), of which BlackRock iShares had an inflow of 90,178 ETH and currently holds 2,804,226 ETH.
MoonPay Launches Liquid Staking Token mpSOL on Solana
According to SolanaFloor, MoonPay has launched the liquidity staking token $mpSOL on the Solana blockchain.
BitMine’s Ethereum holdings exceed $2 billion, with a total of 566,776 ETH
According to PR Newswire, BitMine Immersion Technologies (NYSE AMERICAN: BMNR) announced that its Ethereum (ETH) holdings have exceeded $2 billion, with a total of 566,776 ETH, far exceeding the $250 million in the first private placement completed on July 8. Thomas "Tom" Lee, chairman of the company's board of directors, said that BitMine is one step closer to achieving its goal of holding and staking 5% of the world's total ETH. CEO Jonathan Bates said that the company will continue to advance the Ethereum treasury strategy to help the development of the Ethereum ecosystem.
According to Business Wire, Anchorage Digital announced a strategic partnership with Ethena Labs to launch the first stablecoin USDtb in the United States with a GENIUS Act compliance path. As the only federally chartered crypto bank in the United States, Anchorage Digital will issue USDtb in the United States through its stablecoin issuance platform, helping institutional clients access digital dollars in a compliant and secure manner.
UK AI firm Satsuma Technology raises $135 million to build a Bitcoin vault
According to Cointelegraph, British artificial intelligence company Satsuma Technology announced that it has successfully raised $135 million to build one of the largest Bitcoin vaults in the UK. The company said that all the promised funds are expected to arrive in the next two weeks. This financing is expected to make Satsuma the second largest corporate Bitcoin holder in the UK, second only to The Smarter Web Company. At the same time, this may also become the largest single Bitcoin purchase record for a British company. Satsuma completed this financing through convertible bonds, aiming to accelerate business growth and promote the deep integration of Bitcoin and artificial intelligence.
Semler Scientific buys another 175 bitcoins, holdings exceed 5,000
SEC documents show that Semler Scientific has increased its holdings of 175 bitcoins, with an investment of approximately $21 million. As of now, the company's total holdings of bitcoins have reached 5,021, and the BTC return rate has reached 31.3% since the beginning of the year.
deBridge Foundation launches reserve fund to repurchase DBR tokens with all protocol revenue
According to The Block, the deBridge Foundation has launched a reserve fund to use 100% of the protocol revenue to repurchase its native DBR tokens on the open market. As of July 24, the fund has acquired 1.3% of the total supply of DBR since its launch in June, worth nearly $3 million. The deBridge overall treasury now holds $30.1 million in assets, covering DBR, USDC, SOL and ETH. In addition, the fund is also exploring income strategies and has launched a public dashboard to track assets and income in real time.
Bitcoin OG just transferred all 3962.62 BTC to a new wallet
On-chain data shows that Bitcoin OG, which has been dormant for 14.5 years, has just transferred all 3,962.62 BTC (about US$469 million) it holds to a new wallet address (bc1qczar85zjppfjr8df8qnc4l3h5r957v6p2udryz).
Ruihe Digital Technology Holdings announces HK$80 million cryptocurrency investment plan
According to an announcement by Ruihe Digital Technology Holdings Co., Ltd. (03680.HK), the board of directors has approved a budget of HK$80 million to develop Web3.0 business and invest in cryptocurrency assets in the next two years. The company said that this move is aimed at responding to the Hong Kong government's policy of supporting the development of Web3.0 and cryptocurrency industries. It plans to focus on digital asset services in Greater China and provide funds through internal resources or fundraising activities. The company believes that cryptocurrency asset investment is in line with the global trend of digital asset institutionalization and will help enhance overall competitiveness.
Hong Kong to criminalize unlicensed stablecoin promotion from August
According to Cointelegraph, Hong Kong will implement the Stablecoin Ordinance on August 1, 2025, prohibiting the provision or promotion of unlicensed fiat-backed stablecoins (FRS) to retail investors. Violators may be fined up to HK$50,000 and imprisoned for six months. The Hong Kong Monetary Authority (HKMA) issued a warning on Wednesday, reminding investors to stay away from unlicensed stablecoins to avoid accidentally falling into the law. HKMA President Yu Weiwen said that the new regulations are aimed at bringing credibility and stability to the stablecoin industry while protecting investors from fraud and excessive speculation. Although there are currently as many as 50 companies applying for stablecoin licenses, most applications lack practical implementation plans and only a few licenses will be approved.
Bitcoin whale movement: a dormant address for 14.5 years was activated
According to Whale Alert, a dormant address containing 3,962 Bitcoins (about $468 million) has just been activated after 14.5 years of inactivity.
According to The Block, Bitzero, a crypto mining company backed by Kevin O'Leary, recently received $25 million in financing, which it plans to use to expand its mining operations. The company said that the first batch of funds will be used to purchase 2,900 Bitmain S21 Pro mining machines, which are expected to be deployed within four to six months, bringing the company about $10 million in new revenue each year. At the same time, Bitzero is committed to using hydropower and low-carbon energy to promote the sustainable development of its data centers in North America and Europe. Mohammed Bakhashwain, president and CEO of the company, said that the financing will accelerate the deployment of leading mining technologies and further consolidate Bitzero's leading position in sustainable and profitable data centers.
Report: BNB Chain and TRON dominate stablecoin active address usage
According to the stablecoin report "State of Stablecoins" released by crypto research institution Messari citing Artemis data, as of June 30, 2025, BNB Chain leads the stablecoin usage with 11.8 million active addresses, followed by TRON (9.6 million addresses) and Polygon PoS (4.9 million addresses). Data shows that since 2023, BNB Chain and TRON have steadily increased the number of active addresses, significantly ahead of other networks, including Ethereum (2.5 million addresses) and Solana (3.1 million addresses).
According to CoinDesk, ten major fintech and cryptocurrency industry associations wrote to US President Trump, urging him to stop JPMorgan Chase from charging high fees for access to customer bank data. The industry association warned that JPMorgan Chase's move could lead to the "debanking" of millions of Americans and threaten the popularity of stablecoins and self-hosted wallets. The letter pointed out that financial data belongs to the American people, not banks. The letter called on the White House to take action before July 29 to defend consumers' right to free access to bank data in order to maintain an environment for financial innovation.
