According to Ark Invest Daily data, Cathie Wood's Ark Invest funds bought Bullish (BLSH) shares. ARKK bought 1,714,522 shares, ARKW bought 545,416 shares, and ARKF bought 272,755 shares, for a total of 2,532,693 shares. Based on the closing price of $68, the holdings were worth approximately $172.2 million.
Compound's lead investor, Bain Capital Ventures, is suspected of selling 349,000 COMP tokens.
According to on-chain analyst Yu Jin, Bain Capital Ventures transferred 349,000 COMP (US$18.85 million) to an institutional trading platform nine hours ago. Currently, 87,250 COMP (US$4.73 million) has been transferred to Binance, OKX, Bybit, and Gate. Bain Capital Ventures is one of the lead investors in Compound, and these COMP were received from Compound's deployment address five years ago.
El Salvador's Bitcoin purchases netted $66 million in profits, a 115% return.
According to Lookonchain, Bitcoin has surpassed $124,000, reaching a new all-time high. Since November 18, 2022, El Salvador has purchased 1 BTC per day, purchasing 1,000 BTC at an average price of $57,793 (cost $57.29 million, current value $124 million), resulting in unrealized profits of $66 million (+115%).
BTC hits $124,000, a new all-time high
OKX market data shows that BTC hit $124,000, a record high, and is currently trading at $123,872 per coin.
According to 8marketcap data, Bitcoin's market capitalization surpassed Alphabet (Google) to reach US$2.459 trillion, rising to fifth place in the global mainstream asset ranking.
Mizuho Securities: Circle (CRCL) base stock price is $84 and could even fall to $40
According to The Block, Mizuho Securities' equity researchers say Circle stock faces medium-term risks, including slower-than-expected USDC (USDC) growth, rising distribution costs, and potential Federal Reserve rate cuts. The analysts predict a base price of $84 for CRCL, with a bearish forecast suggesting a price of $40 by 2027, lower than the company's closing price of $153.16 on Wednesday, the day after the company released its quarterly earnings report. Notably, Bernstein analysts maintained their target price of $230. The analysts believe there are three possible reasons for the stock's unexpected underperformance: First, the gap between USDC's "dream" and "reality" regarding issuance is widening. Although the stablecoin has seen 6% growth so far this quarter amid growing interest in cryptocurrencies, this still falls short of the company's long-term compound annual growth rate of 40%. Coupled with rising issuance costs, "from 39% of the reserve pool in 2022 to 61% in 2024... reaching 64% in the second quarter," the analysts note that Circle's profit margins appear to be further compressed. With the introduction of the GENIUS Act, increased competition could accelerate this process. Several major institutions have already expressed interest in launching or introducing stablecoins, and Circle's largest competitor, Tether, is developing plans to re-enter the US market. Finally, analysts stated, "The cooling CPI is good news for the economy, but bad news for CRCL." The US Department of Labor reported on Tuesday that the US Consumer Price Index rose 2.7% year-on-year in July, slightly below expectations, fueling expectations of a possible interest rate cut by the Federal Reserve.
According to The Block, rumors have circulated that the Google Play Store plans to ban unregistered, non-custodial crypto wallets in several countries, including the US and the UK, starting in October. Google issued a clarification on X, stating that it has no intention of restricting non-custodial wallets. "Non-custodial wallets are not covered by the Google Play cryptocurrency exchange and software wallet policy. We are updating our Help Center to clarify this."
Insider: Crypto wallet MetaMask may release details of stablecoin mUSD this week
According to CoinDesk, people familiar with the matter revealed that MetaMask is likely to announce the details of its stablecoin mUSD, which is pegged to the US dollar, soon (possibly as early as this week). The stablecoin mUSD was previously disclosed in a pre-released governance proposal, which was quickly deleted last week. MetaMask said that it has more than 30 million monthly active users and is currently issuing its stablecoin with the help of Bridge. Bridge is a company that helps companies integrate stablecoin payment channels. It was acquired by fintech giant Stripe earlier this year and is committed to helping companies integrate stablecoin payment channels and the stablecoin issuance protocol M^0. The person familiar with the matter said that in addition to working closely with Bridge on the mUSD stablecoin, MetaMask has also sought the help of Blackstone Group, a traditional financial alternative asset management company, to provide custody and fund management services for its tokens.
Coinbase Adds Useless Coin (USELESS) to its Listing Roadmap
According to the official announcement, Coinbase has added Useless Coin (USELESS) to its listing roadmap.
According to Cailian Press, all three major U.S. stock indices closed higher, with the Dow Jones Industrial Average up 1.04%, the S&P 500 up 0.32%, and the Nasdaq up 0.14%. Both the Nasdaq and S&P 500 reached new all-time closing highs. Coinbase (COIN) rose 1.36%, while Circle (CRCL) fell 6.16%.
Market News: Canary Trump Coin ETF has been registered in Delaware, USA
According to market news, Canary TRUMP COIN ETF has been registered in Delaware, USA.
Offchain Labs acquires smart account development team ZeroDev
Offchain Labs has announced the acquisition of ZeroDev, a smart account development team. ZeroDev currently supports over 5 million smart accounts across more than 30 chains, providing tools for numerous crypto projects, including ApeCoin, Conduit, and Crossmint. This acquisition aims to meet the growing demand for on-chain infrastructure and promote the on-chain migration of large institutional and consumer applications. The acquisition will work in conjunction with the company's previously launched universal intent engine to enable fast cross-chain transactions and a seamless user experience.
GMX completes approximately $44 million in compensation plan to resolve V1 vulnerability issues
GMX announced that it has completed a compensation program totaling approximately $44 million for the impact of the GMX V1 vulnerability. GLV tokens, including GLV [BTC-USDC] and GLV [WETH-USDC], will be distributed to affected Arbitrum GLP holders. The token composition is approximately 25% Bitcoin, 25% Ethereum, and 50% stablecoins. This compensation includes $2 million in support from the DAO treasury and $500,000 in GLV holding rewards. Users can apply for compensation through the GMX dApp and receive a retention reward for holding GLV for at least three months. GLP redemption is expected to open in 10 days, and remaining GLP can be sold normally. The previous vulnerability, discovered on July 9th, resulted in the anonymous attacker accepting a $5 million bug bounty and returning the funds. GMX V2 was not affected.
AI project Sapien will conduct a TGE on August 20, with 5% airdropped to early contributors
The Sapien Foundation announced it will hold its SAPIEN Token Generation Event (TGE) on August 20th, issuing and distributing its initial tokens. Built on Coinbase's Layer-2 blockchain, Base, the token will support a decentralized data mining platform, providing high-quality data for AI. The event will utilize a fair launch model, initially unlocking 25% of the total supply and airdropping 5% to early contributors. CookieDAO community members will receive 0.5%. Last year, AI data collection startup Sapien announced the completion of a $10.5 million seed round led by venture capital firm Variant, with participation from Primitive Ventures, Animoca, Yield Game Guild, and HF0. Angel investors including YGG founder Gabby Dizon and SoftBank Vision Fund alumnus Kevin Jiang also participated in the round. This follows news on July 18th that the AI project Sapien established a foundation and revealed the name of its native token, $SAPIEN.
Binance CSO (Chief Security Officer) Jimmy Su revealed that North Korean hackers, disguised as job applicants, attempt to infiltrate companies daily, posing as one of the biggest threats to the crypto industry, particularly the North Korean-linked Lazarus Group. According to statistics, North Korean hackers stole $1.34 billion last year and $1.6 billion this year. Hackers use AI to forge identities, using voice changers and deepfake videos to gain trust. They also compromise employee devices by contaminating public code repositories and posting fake job postings. Binance discards suspicious resumes daily, often using specific templates and applicants with Japanese or Chinese surnames. Advances in AI technology have enabled these hackers to disguise themselves as developers from Europe or the Middle East and use voice changers and deepfakes in video interviews. However, their internet connections are often slower, making them a key indicator of identity. Furthermore, Binance requires applicants to perform actions during interviews to break the fakeness, though the specific methods are undisclosed. To prevent internal infiltration, Binance also monitors the behavior of existing employees, such as their work hours and output. Employees who exhibit signs of continuous work could be a sign of Lazarus Group involvement. North Korean hackers have also targeted the crypto industry by contaminating public code repositories or forging job offers. Su emphasized that these attacks are becoming increasingly sophisticated and pose a significant threat to the industry.
Shrapnel developer secures $19.5 million in funding, led by Gala Games
Seattle-based game studio Neon Machine announced the completion of a $19.5 million funding round, led by Gala Games with participation from Griffin Gaming Partners and Polychain Capital. The funds will support the global launch of its award-winning FPS game, Shrapnel, and its plans for the Chinese market, where closed beta testing will begin in 2025 and open beta testing in early 2026. This follows news that Neon Machine, the developer of the crypto-powered shooter Shrapnel, was in financial distress.
Sign Foundation Completes First $12 Million $SIGN Buyback
The Sign Foundation announced the successful completion of a $12 million buyback of $SIGN tokens. $8 million of this was spent on the open market, totaling 117 million $SIGN tokens, and $4 million was settled through private agreements. The repurchased tokens will be used to facilitate partnerships with public companies, support new platform launches, and expand the Orange Dynasty project.
According to ZachXBT, a source hacked into the devices of North Korean IT personnel and discovered that their small team obtained developer positions through more than 30 fake identities, used government IDs to purchase Upwork and LinkedIn accounts, and worked through AnyDesk. Relevant data includes Google Drive exports, Chrome profiles, and screenshots. The wallet address 0x78e1 is closely related to the $680,000 attack on the Favrr platform in June 2025, and more North Korean IT personnel were also identified. The team used Google products to schedule tasks, purchase SSNs, AI subscriptions, and VPNs. Some browsing records showed frequent use of Google Translate to translate Korean, and the IP address was from Russia. Neglect by recruiters and lack of collaboration between services have become the main challenges in combating such behavior.
Trump considering 11 candidates for Fed chair, including David Zervos and Rick Rieder
According to sources, US President Trump is evaluating 11 candidates to succeed Federal Reserve Chairman Jerwell, whose term ends in May 2025. The new nominees include Jefferies Chief Market Strategist David Zervos, former Federal Reserve Governor Larry Lindsey, and BlackRock's Chief Investment Officer of Global Fixed Income Rick Rieder. They also include current Fed officials such as Bowman, Waller, and Jefferson. Treasury Secretary Scott Bessent will interview and shortlist the nominees. Officials stated that a decision timeline has not yet been determined, but the process is expected to be lengthy.
Publicly listed GameSquare plans to purchase $2.5 million in Animecoin ($ANIME) within a year.
GameSquare (GAME), a Nasdaq-listed media and entertainment company, announced a strategic partnership with the Animecoin Foundation. GameSquare will purchase $2.5 million worth of Animecoin ($ANIME) over one year and become the designated agent for Animecoin. This partnership aims to expand GameSquare's Web3 footprint, add high-potential digital assets to its crypto treasury, and promote Animecoin's influence in the global gaming and anime markets. GameSquare will also collaborate with Azuki on physical and digital products and showcase the Animecoin brand through FaZe Esports.
LIXTE Biotechnology plans to invest 25% of its treasury in Bitcoin and other cryptocurrencies
LIXTE Biotechnology Holdings, a biopharmaceutical company, announced today that its board of directors has approved a strategic capital allocation plan to invest up to 25% of its treasury in cryptocurrencies, including Bitcoin and other digital assets. The specific transaction size and timing will be determined based on market conditions and strategic considerations.
U.S. Treasury Secretary Jeff Bessant stated that the Federal Reserve's interest rate policy is tight and should be lowered by 150 to 175 basis points. He believes a series of rate cuts is likely, possibly starting with a 50 basis point cut in September. Bessant expressed optimism about the Fed's September meeting and noted that if the data is accurate, the Fed could cut rates even earlier. He also observed that corporate profit margins are returning to normal pre-pandemic levels.
According to The Block, Standard Chartered analysts have significantly raised their year-end Ethereum price target to $7,500, a significant increase from their previous target of $4,000. They project Ethereum to reach $12,000 by the end of 2026, $18,000 by the end of 2027, and $25,000 between 2028 and 2029. Analysts point to Ethereum's significantly increased investment appeal, supported by active buying from corporate finance departments and institutional investors, demand for spot ETFs, new US stablecoin regulations, and the advancement of its technical roadmap. Standard Chartered predicts Ethereum will surpass its all-time high of $4,866 in the third quarter of 2025. Furthermore, in their latest report, Standard Chartered analysts maintain their long-term bullish outlook for Bitcoin, predicting its price will reach $200,000 by the end of 2025 and rise further to $500,000 between 2028 and 2029.
According to Ember's monitoring, an address suspected to be HashKey Capital transferred another 7,300 Ethereum (ETH), worth approximately $33.86 million, to Binance within 50 minutes. Since July 28th, this address has transferred a total of 31,300 ETH to Binance, OKX, and Galaxy Digital, with a total value of approximately $124 million, at an average price of $3,966.
Binance Wallet to Launch Reveel (REVA) Pre-Launch and Airdrop on August 14th
Binance Wallet will hold a Reveel (REVA) pre-launch event (Pre-TGE) from 7:00 PM to 9:00 PM Beijing Time on August 14th. Users can subscribe to REVA tokens through an oversubscribed token sale. Each participant can deposit up to 3 BNB, with tokens allocated proportionally to the total deposits of all participants. The event aims to raise $200,000 USD, resulting in a total of 20 million REVA tokens, representing 2% of the total supply, at a price of $0.01 per BNB. Subscribed REVA tokens will be subject to a lock-up period, with the specific duration of their circulation determined by the project team. Additionally, the Booster Program will airdrop an additional 40 million REVA tokens, which users can participate in by completing tasks.
According to Binance Alpha, AIO's price surged 25.78% to $0.0919, likely due to the upcoming launch of Binance futures contracts. XNY's price surged 20.16% to $0.0172. Earlier news also surfaced that Binance had added perpetual contracts for AIOUSDT and XNYUSDT.
An unknown wallet minted 100 million USDC on the Algorand network
According to Whale Alert monitoring, at 17:06 Beijing time, an unknown wallet on the Algorand network minted 100,000,000 USDC, worth approximately US$99,985,200.
