Author | Wu Blockchain
Top 10 News of the Week
1. Ethereum Foundation Announces "Lean Ethereum" 10-Year Vision, Targeting 10,000 TPS on Mainnet link
July 30, 2025 marks the 10th anniversary of Ethereum.
Ethereum Foundation (EF) researcher Justin Drake published a blog post on July 31, proposing a "Lean Ethereum" vision for the next decade, aiming to expand the mainnet to 10,000 transactions per second and 1 gigagas/s processing capacity while maintaining 100% uptime and decentralization, and expand Layer 2 networks to 1 million transactions per second and 1 teragas/s capacity.
2. Ethereum Spot ETF Continues 20-Day Net Inflow link
On July 31, the Ethereum spot ETF had a total net inflow of $16.9996 million, continuing its 20-day net inflow. As of the time of writing, the total market value of Ethereum spot ETF holdings is $21.52 billion, accounting for 4.77% of Ethereum's total market value. The Ethereum spot ETF with the highest net inflow is BlackRock's ETHA, with a total net inflow of $9.74 billion; the ETF with the highest net outflow is Grayscale's ETHE, with a total net outflow of $4.31 billion.
3. Trump Working Group Releases Crypto Regulation Recommendations, White House Plans to Disclose Bitcoin Reserve Details link
The "Digital Assets Market Working Group" established by former President Trump released a policy recommendation report on July 30, calling on federal regulatory agencies to use existing powers to clarify rules for digital asset trading, custody, and registration, and accelerate the implementation of new financial products. The report suggests passing the "Digital Assets Market Clarity Act" to grant CFTC regulatory authority over non-security digital asset spot markets. Additionally, an unnamed government official revealed that the White House plans to disclose more details about strategic Bitcoin reserves soon.
4. SEC Launches "Project Crypto" to Advance Comprehensive Crypto Market Reform link
SEC Chairman Paul S. Atkins announced the launch of the comprehensive reform plan "Project Crypto" in Washington on July 31, 2025. The plan covers multiple directions including crypto asset classification and issuance, tokenized support, custody and trading rule revisions, coexistence of securities and non-securities trading, super-app platform access, DeFi compliance paths, and innovation exemption mechanisms, aiming to lay the institutional foundation for the United States to become a global crypto capital.
5. Hong Kong Monetary Authority: First Stablecoin License Applications to Open in August-September, Stricter KYC for Holders link
The Hong Kong Monetary Authority announced that the first batch of stablecoin issuer licenses will be open for application from August 1 to September 30, 2025, with initial identity verification required for each Hong Kong-compliant stablecoin holder. Hong Kong Legislative Council member Wu Jiezhuang stated that while the HKMA will indeed implement KYC rules, the specific implementation method is not yet fully determined, and real-name verification is just one possible approach. The specific plan will be submitted by stablecoin issuers to the HKMA for approval. Moreover, KYC rules for stablecoins may be more stringent compared to cash.
6. Coinbase Releases Q2 Financial Report, Plans to Launch Tokenized Stocks and Prediction Markets link
Coinbase released its Q2 2025 financial report on July 31 and announced the launch of new features such as tokenized stocks, prediction markets, derivatives, and early token offerings for US users in the coming months, aiming to create an "all-asset exchange" that will gradually expand to international markets pending regulatory approval. This quarter, the company's revenue was $1.5 billion, lower than the expected $1.59 billion, a 26% quarter-on-quarter decline; net profit was $1.43 billion, with an adjusted net profit of $33 million; trading volume was $237 billion, a 40% quarter-on-quarter decrease. Stablecoin revenue was $333 million, a 12% increase; blockchain rewards revenue was $145 million, a 26% decline; and custody assets reached $245.7 billion, a historical high.
As of June 30, 2025, Coinbase's total Bitcoin holdings for investment were 11,776 coins, an increase of 2,509 coins from the first quarter, with a total cost of $740 million and a fair value of $1.26 billion. The company stated it continues to accumulate.
7. Strategy Reports Q2 Net Profit of $10 Billion, Plans to Raise $4.2 Billion to Acquire More Bitcoin link
Strategy (formerly MicroStrategy) announced its Q2 2025 financial report, achieving a net profit of $10 billion due to Bitcoin price rebound, and declared it will raise $4.2 billion through STRC perpetual preferred stock issuance to continue acquiring Bitcoin. This quarter, its Bitcoin holdings increased by nearly 20%, from 499,000 to 597,000 coins; the company currently holds 628,800 Bitcoins, approximately 3% of the total Bitcoin supply.
Previously, Strategy announced the completion of its STRC (variable rate A series perpetual preferred stock) initial public offering, raising a total of $2.521 billion, with net proceeds of $2.474 billion after underwriting fees and related expenses. Strategy has used the raised funds to purchase 21,021 Bitcoins at an average price of $117,256. As of July 29, 2025, its total Bitcoin holdings increased to approximately 628,791 coins, with a total cost of about $46.8 billion and an average unit price of $73,227.
8. JPMorgan and Coinbase Collaborate to Directly Link Bank Accounts and Crypto Wallets link
JPMorgan Chase and Coinbase have reached an agreement to directly link customers' bank accounts and crypto wallets starting next year, eliminating the need for third-party data aggregators like Plaid or MX Technologies for account authorization. Additionally, they plan to launch a new feature this fall allowing users to fund Coinbase accounts with Chase credit cards and convert Chase points to crypto assets. Coinbase stated it will continue to maintain relationships with existing data aggregators.
9. Tether Reports Q2 Net Profit of $4.9 Billion, USDT Circulation Exceeds $157 Billion link
Tether released its Q2 2025 attestation report, completed by BDO, one of the global top five independent accounting firms. In Q2 2025, USDT issuance exceeded $13.4 billion, bringing its circulating supply over $157 billion (increasing $20 billion year-to-date). As of the end of Q2 2025, Tether's total US Treasury holdings (including $105.5 billion direct and $21.3 billion indirect) exceeded $127 billion (an increase of about $8 billion from Q1 2025), making it one of the world's largest US Treasury holders. Q2 2025 net profit was approximately $4.9 billion, bringing the total net profit for the first half of the year to $5.7 billion.
10. Ray Dalio: Suggests Investors Allocate 15% of Assets to Bitcoin and Gold to Address U.S. Debt Crisis link
Bridgewater Associates founder Ray Dalio suggests that investors allocate 15% of their assets to Bitcoin or gold, given the rapid rise of U.S. national debt and the risk of dollar depreciation. This recommendation significantly exceeds his 1-2% allocation suggestion from 2022. Dalio points out that the U.S. may issue an additional $12 trillion in national debt in the coming year, increasing the risk of a "debt doomsday cycle".
According to Reuters, Bridgewater Associates founder Ray Dalio has sold his final shares and officially exited the company he founded. Bridgewater confirmed this to clients in a letter on July 21. Sources indicate that Brunei's sovereign wealth fund has acquired a minority stake in Bridgewater.
Key Financing Events
- CEA Industries and 10X Capital announce $500 million private placement with YZi support link
- Upexi reaches up to $500 million equity financing agreement with A.G.P. to accelerate SOL Treasury strategy link
- Mill City completes $450 million financing, purchases over 76 million SUI to launch on-chain asset reserve link
- ZOOZ plans private placement of $180 million to advance Bitcoin reserve strategy link
- Fundamental Global plans to rename to FG Nexus, announces $200 million financing to launch Ethereum Treasury strategy link
- Falcon Finance announces $10 million strategic investment from WLFI link
- Layer 1 blockchain network Stable announces completion of $28 million seed round link
- Starway Technology completes nearly $10 million Series A financing, with Solana Foundation participating link
- GAIB announces completion of $10 million strategic financing, led by Amber Group link
- Circle Technology completes $40 million A2 round, accelerating stablecoin infrastructure development link
- Standard Chartered's crypto trading platform Zodia Markets completes $18.25 million financing link
- Digital card NFT trading platform Courtyard announces completion of $30 million Series A financing link
For more industry financing events, visit crypto-fundraising.info.
