Important information from last night and this morning (July 8-July 9)

Hackers Target Bitcoin Wallets Worth Billions Stolen from Mt. Gox

According to Decrypt, hackers have targeted an old Bitcoin address (starting with 1FeexV) that contains digital currencies worth more than $8 billion stolen from the closed Mt.Gox exchange. According to BitMEX Research, the attacker sent a transaction containing a phishing website link to the address through Bitcoin's OP_RETURN function. Although OP_RETURN can store information on the blockchain, it is used to embed malicious text to trick the owner into visiting a fake page. The page falsely claims that the wallet is "lost or abandoned" and impersonates the closed Wall Street investment bank Salomon Brothers to try to obtain the owner's personal information. BitMEX warned on the X platform that this website is not legitimate and is part of a Bitcoin scam, and that several old addresses from 2011 have become targets of similar attacks.

Solana Futures Trading Volume on CME Group Exceeds $4 Billion

As Cointelegraph reported, Solana (SOL) futures trading volume has exceeded $4 billion on one of the world’s largest regulated derivatives exchanges, the Chicago Mercantile Exchange Group (CME Group).

Phantom Launches Perpetual Contract Trading in Wallet, Powered by Hyperliquid

According to The Block, Web3 wallet Phantom announced the launch of perpetual contract trading function, which is supported by Hyperliquid's API. The service is initially available to EU users, supporting up to 40x leverage and stop loss and take profit functions. Users can trade directly in the wallet and keep their assets in a non-custodial state. This move marks Phantom's transformation from a multi-chain wallet to a comprehensive DeFi portal. It currently supports 8 mainstream chains such as Solana, Ethereum, and Bitcoin. It is worth noting that Phantom's layout comes at a time when exchanges such as Coinbase and Robinhood are accelerating the expansion of their derivatives business.

A whale/institution sold 33,582 ETH in the early morning and exchanged them for 85.38 million USDC

According to Onchain Lens, a whale/institution that had previously made a profit of $30 million on ETH sold 33,582 ETH at an average price of $2,512 in the early morning, converted it into 85.38 million USDC and deposited it into Aave V3. The whale currently still holds 100,000 ETH (worth $261.2 million), which is pledged on the Lido platform.

a16z Crypto has cleared its COMP holdings and transferred another 400,000 COMP to Coinbase Prime today

According to on-chain analyst Ember, 3 hours ago, crypto VC a16z Crypto also transferred the last 400,000 COMP (US$16.48 million) in the address to Coinbase Prime, clearing their COMP holdings. They transferred 400,000 COMP to Coinbase Prime at the end of last month, and transferred another 400,000 today. In 10 days, 800,000 COMP were transferred to Coinbase Prime, with a value of up to US$34.81 million. When they transferred out 400,000 COMP 10 days ago, the COMP price was still US$46, and now the COMP price is only US$41. It has dropped by 11%. Now another 400,000 COMP have been transferred out, which may cause the COMP price to fall further.

Analysis: Pump.fun’s token sale “has poor prospects” and is currently in trouble

According to The Block, on Monday, Pump.fun announced plans to sell 150 billion PUMP tokens to raise $600 million, which attracted criticism from critics, and the listing information on the Gate exchange mysteriously disappeared. Many cryptocurrency advocates believe that this has a bad impact. Steven Zheng, head of research at The Block, said: "Some users were surprised that Pump was selling tokens. They had expected a large-scale airdrop like popular applications such as Hyperliquid. Although airdrops may still be in the works, Pump will raise another $600 million through token sales when it has already raised $700 million through other means. This will definitely leave a negative impression. " Alice Shikova, marketing director of Space ID, said that now that the Meme coin craze has subsided, the demand for Pump.fun's token sales may be lower than expected. Although it has a brand advantage, it is risky due to insufficient demand and liquidity. Cryptocurrency researcher @0xCabana posted: "Pump.fun's issuance of tokens is like a corrupt president running for election and promising not to embezzle this time. "Ray Youssef, CEO of Noones App, posted on X: "Black exchanges exploit users through perpetual contracts, and Pump.fun sucks the vitality out of DeFi, which ruins cryptocurrencies. Newcomers are cut off and never come back."

Analysis: As the US SEC considers accelerating the approval framework, the cryptocurrency ETF "gate" is about to open

According to The Block, the US SEC seems to be about to approve multiple spot cryptocurrency ETFs, and key stakeholders are considering a framework that may speed up the listing process. Sources said that last week, the SEC raised questions about details such as pledges on a SOL ETF proposal, but the communication was constructive. People familiar with the matter said that approval is only a matter of time, but the specific time has not been determined. At the WOLF Trading event on Tuesday, Gregory King, founder of Osprey Funds and Rex Shares, said that the SEC's attitude has changed. Although it will not act arbitrarily, it supports cryptocurrencies. Last week, the SEC approved a hybrid cryptocurrency fund of Grayscale, but the approval was subsequently suspended. People familiar with the matter said that the SEC is advancing in stages, first Bitcoin, then Ethereum, and now considering hybrid asset ETFs. Currently, the SEC is formulating listing standards and plans to shorten the review period. The move is driven by exchanges and will be in line with traditional ETF practices. 21Shares said it has not had direct dialogue with the SEC, but believes that the new framework can reduce listing complexity and uncertainty. James Seyffart, ETF analyst at Bloomberg Industry Research, expects the draft framework to be released this month and implemented in September or October, when the floodgates for other asset ETFs will open. Analyst Eric Balchunas recently estimated that the SEC has a 95% chance of approving ETFs tracking SOL, XRP, and LTC, and the chances of ETF proposals tracking Dogecoin, Cardano, and Polkadot being approved are also high, at about 90%.

U.S. Justice Department charges two men with $650 million foreign exchange and cryptocurrency fraud

According to The Block, the U.S. Department of Justice disclosed that Georgia resident Michael Shannon Sims (48) and New Jersey resident Juan Carlos Reynoso (57) were indicted for allegedly operating the international fraud project OmegaPro, involving a total amount of $650 million. The two men sold "foreign exchange investment packages" to investors through a multi-level marketing model, promising a 300% return within 16 months and requiring payment in cryptocurrency. The indictment shows that the defendant team created a luxurious image by showing luxury cars, vacation photos, and projecting the company's logo on the Burj Khalifa in Dubai. Later, it froze investors' withdrawals on the grounds of "hacked" and transferred the funds to crypto wallets controlled by executives. Sims is the founder and promoter of OmegaPro, while Reynoso leads the company's business in Latin America and the United States. The two defendants each face two conspiracy charges, each of which carries a maximum sentence of 20 years in prison if convicted.

Tether holds $8 billion worth of gold in secret Swiss vault

According to Bloomberg, Tether Holdings SA, the issuer of the world's largest stablecoin, has its own vault in Switzerland, storing $8 billion worth of gold, and is looking to expand its gold reserves. The company said it currently holds nearly 80 tons of gold, most of which is held directly by Tether, making it one of the world's largest gold holders outside of banks and countries. CEO Paolo Ardoino said: "We have our own vault. I believe it is the safest vault in the world." The facility is located in Switzerland, but for security reasons, the company declined to disclose its specific location and establishment time.

Binance Alpha and Binance Futures will list Tanssi Network (TANSSI)

According to the official announcement, Binance Alpha will launch and open trading of Tanssi Network (TANSSI) at 19:05 (ET on July 9, 2025). In addition, Binance Futures will launch TANSSIUSDT perpetual contracts at 19:30 (ET on July 9, 2025), with a maximum leverage of 50x. All eligible Binance users will receive Binance exclusive token airdrops. Eligible users need to use Binance Alpha points to claim the airdrop through the Binance Alpha event page between 19:05 (ET on July 9, 2025) and 19:05 (ET on July 10, 2025).

Eigen Labs announces reorganization and layoffs to focus on EigenCloud development

Sreeram Kannan, CEO of Eigen Labs, posted on the X platform that it announced a company restructuring plan today to streamline operations and focus on building and expanding EigenCloud. The adjustment led to the resignation of some employees, and the company said it would provide support measures such as severance pay, accelerated equity vesting, extended medical insurance and career recommendations. Eigen Labs said that after the reorganization, the team will be more focused on building "the world's first verifiable cloud platform" and called on crypto ecosystem partners to assist departing employees in finding new opportunities. In addition, Kannan added: "Eigencloud includes EigenLayer as the foundation and EigenDA as the data layer. Therefore, we will continue to work on this aspect." In addition, according to Blockworks, Eigen Labs laid off about 25% of its employees this time, laying off 29 employees.

KULR Technology receives $20 million credit line from Coinbase

According to official news from KULR Technology, $KULR Technology Group has reached an initial $20 million credit line agreement with Coinbase Credit to support its strategic Bitcoin reserve goals.

Bitcoin ETF has a net inflow of 1,869 BTC today, and Ethereum ETF has a net inflow of 23,129 ETH

According to Lookonchain, 10 Bitcoin ETFs had a net inflow of 1,869 BTC (about $203 million) today, of which iShares (BlackRock) had an inflow of 1,388 BTC (about $151 million), and currently holds 700,307 BTC (about $76.2 billion). 9 Ethereum ETFs had a net inflow of 23,129 ETH (about $59.76 million), of which iShares had an inflow of 20,670 ETH (about $53.41 million), and currently holds 1,826,769 ETH (about $4.72 billion).

OpenSea acquires Rally Wallet to promote mobile and token trading layout

According to The Block, OpenSea has acquired Rally, the developer of the Rally wallet and its mobile-first Web3 application. The acquisition aims to strengthen OpenSea's layout in the token trading field. Currently, its token trading services cover 19 blockchains.

Vertex will shut down its existing DEX and migrate to Kraken-supported Layer 2 network Ink

According to The Block, the decentralized trading platform Vertex will shut down the existing deployment based on Arbitrum and rebuild the DEX on the Layer 2 network Ink incubated by Kraken. The native token VRTX will be phased out. The July 8 snapshot will determine the INK airdrop qualification, and VRTX holders will receive 1% of the initial supply. The Ink Foundation will receive its order book, perpetual engine and lending technology to accelerate the construction of the on-chain capital market.

CoinList announces support for $XRP, $TON and $TAO token trading

CoinList announced that it now supports trading of three new tokens: $XRP, $TON, and $TAO. Users can easily purchase with cash or cryptocurrency, and it is currently open to US and non-US users. The official also reminded that the deposit and withdrawal functions are not yet open, and will be supported in the future.

Ego Death Capital Completes $100 Million Fund to Invest in Bitcoin Companies

According to Axios, Ego Death Capital has completed its second fund of $100 million, focusing on promoting the development of software companies based on the Bitcoin protocol. The fund mainly invests in companies with annual revenues between $1 million and $3 million that are hampered by funding constraints, focusing on supporting Series A financing, and has invested in Bitcoin-related companies such as Roxom, Relai and Breez. Ego Death Capital said it is committed to investing in Bitcoin companies that truly solve real-world problems, rather than in the areas of cryptocurrency tokens or hardware and mining.

World Gold Council: Global gold ETFs increased by US$38 billion in the first half of the year, with average daily trading volume setting a semi-annual record

The World Gold Council reported that global gold ETFs increased by $38 billion in the first half of the year, driven by a strong performance in June (+$7.6 billion). In the first half of the year, the total assets under management of these funds soared 41% to $383 billion, and total holdings increased by 397 tons to 3,616 tons. North America (+$21 billion) was the main region for capital inflows in the first half of the year. It was followed by Asia (+$11 billion) and Europe (+$6 billion). In the first half of the year, gold trading volume averaged $329 billion per day, a record high for the first half of the year.

SharpLink purchased 7,689 ETH last week, with total holdings exceeding 200,000 and receiving 322 Ethereum staking rewards

SharpLink Gaming (NASDAQ: SBET) announced that it has purchased 7,689 new Ethereum (ETH) at an average price of $2,501 per ETH as of July 4, 2025, increasing its total holdings to 205,634 ETH. SharpLink also raised $64 million through its ATM funding facility between June 28 and July 4, of which $37.2 million will be used to purchase further ETH this week. To date, SharpLink has committed all of its ETH to the staking and re-staking protocol, earning a total of 322 ETH staking rewards since launching the strategy on June 2. In addition, the company introduced the "ETH Concentration" metric, which reflects the number of ETH corresponding to each thousand diluted shares, which has now increased to 2.37 ETH.

Ethereum execution client supports historical data pruning, which greatly saves node storage space

According to the official blog of the Ethereum Foundation, all Ethereum execution clients now support pruning of pre-merger historical data, and the disk space required to run nodes on the main network will be reduced by 300-500 GB. This upgrade does not affect the normal operation of full nodes and validators, but only saves storage space. Archive node users and application developers who need to access complete historical data need to gradually turn to external historical data providers. Relevant resources can be found at https://eth-clients.github.io/history-endpoints/. This move is the first step for Ethereum to promote the "historical data expiration" mechanism defined in EIP-4444, which aims to optimize network storage efficiency. For more details, please refer to the relevant EIP instructions.

Truth Social submits S-1 filing to SEC, plans to launch crypto blue chip ETF

According to the SEC's official website, Truth Social Crypto Blue Chip ETF, BT has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), planning to issue a crypto blue chip ETF. The fund is registered in Nevada, and its annual settlement date is September 30th of each year. The S-1 document shows that it plans to issue a passive crypto blue chip ETF with Bitcoin, Ethereum, Solana, Cronos and Ripple as its main assets. The trust was initiated by Yorkville America Digital, LLC, with an initial asset allocation ratio of 70% for Bitcoin, 15% for Ethereum, 8% for Solana, 5% for Cronos, and 2% for Ripple. The ETF will be listed and traded on the NYSE Arca, aiming to provide investors with an investment channel for a basket of mainstream crypto assets.

The suspected Arthapala address recharged 6,570 ETH to the exchange in the past 5 hours

According to Ai Yi, the address of Arthapala, a suspected staking and verification service provider, has recharged 6,570 ETH to the exchange again in the past 5 hours, equivalent to about 16.77 million US dollars. Since July 2025, the total number of ETH transferred to the exchange by this address has reached 63,689, with a total value of more than 164 million US dollars.

Tether invests in blockchain forensics firm Crystal Intelligence to fight crypto crime

According to CoinDesk, stablecoin issuer Tether has invested in blockchain analysis company Crystal Intelligence to enhance its ability to combat USDT-related crypto crimes. FBI data shows that crypto fraud losses in 2024 will reach $9.3 billion, a year-on-year increase of 66%. Tether's investment will provide real-time risk monitoring and fraud detection tools, and collaborate with global law enforcement agencies to help freeze more than $2.7 billion in stablecoins involved in the case. Tether CEO said that this move will strengthen cooperation with law enforcement agencies and send a clear signal that "abuse of USDT will be tracked down."

ReserveOne plans to merge with M3-Brigade and list on Nasdaq in a transaction totaling US$1 billion

According to GlobeNewswire, digital asset management company ReserveOne announced that it has reached a final business merger agreement with special purpose acquisition company M3-Brigade Acquisition V Corp., and plans to be listed on the Nasdaq through this merger. The total transaction amount is expected to exceed US$1 billion. ReserveOne will manage a diversified cryptocurrency asset portfolio dominated by Bitcoin and realize returns through institutional-level pledges and lending. The company will be led by former Hut 8 CEO Jaime Leverton and is expected to complete the transaction in the fourth quarter of 2025, further promoting innovation and transparency in the field of digital assets.

PeckShield: Peapods Finance suspected of experiencing abnormal transactions

PeckShield posted a message on the X platform to alert Peapods Finance to a suspicious transaction and attached a link to Etherscan. A user commented that a quick transfer of about $175,000 had occurred.

Falcon Finance announces 116.98% reserve overcollateralization in response to de-anchoring

Falcon Finance posted on the X account that Falcon Finance's current reserves are certified by independent institutions every day, and the current over-collateralization ratio is 116.98%. Officials said that the over-collateralization ratio (OCR) is calibrated for non-stablecoin assets based on risk factors, and returns are generated through a delta-neutral strategy to reduce market risks. In addition, Falcon Finance is working with Harris & Trotter LLP to promote quarterly attestation reports and ISAE 3000 highest audit level certification. Earlier today, Falcon USD's stablecoin USDF briefly de-anchored to $0.9434, but has now rebounded to $0.9924.

BioSig receives $1.1 billion in financing to promote commodity market chain

According to The Block, after completing its merger with Bahamas-based Streamex, Nasdaq-listed BioSig announced that it has reached a financing agreement with institutional investors for up to $1.1 billion, including $100 million in convertible bonds and $1 billion in equity financing, to promote commodity tokenization and gold-backed treasury management strategies. The first $75 million will be delivered on October 7, 2025. BioSig plans to chain the commodity market through blockchain, aiming to unlock the liquidity and transparency of the $142 trillion market.

BOOM (BOOM) Now Available on Binance Alpha

The official APP page shows that Binance Alpha has launched BOOM (BOOM).

Binance Leverage will remove several trading pairs, including TRX/ETH and LINK/ETH.

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