Today's news tips:
Ethereum spot ETFs saw a total net outflow of $465 million yesterday, a record high
Binance HODLer Airdrop Now Available: Succinct (PROVE), the 31st Airdrop
Sharplink Gaming increased its holdings by 18,680 ETH, bringing its total holdings close to 500,000.
Bitmine holds over 833,000 ETH, worth nearly $3 billion
Basescan shows that the Base network has not produced a block for nearly half an hour
Macro
Bitcoin Magazine CEO David Bailey plans to raise $100 million to $200 million to support Bitcoin-related political action. He stated that his campaign will focus on "Nakamoto" and solicit public feedback on a Bitcoin voter platform. In response to concerns that corporate funding for political action could lead to legal consequences, Bailey stated that such activity has not occurred at Coinbase and stated that his goal is to drive the Bitcoin price to $10 million.
Philippines SEC Names Ten Crypto Exchanges for Violating New Digital Asset Regulations
According to Bitcoin.com, the Philippine Securities and Exchange Commission (SEC) issued an announcement to remind investors to be wary of unregistered overseas cryptocurrency platforms. Several digital asset service providers are operating in the country without authorization and providing trading services in violation of newly implemented compliance requirements. The announcement pointed out that there are currently 10 exchanges that violate domestic securities regulations, namely: OKX, Bybit, Mexc, Kucoin, Bitget, Phemex, Coinex, Bitmart, Poloniex and Kraken. Although these exchanges have not been licensed by the Philippine Securities and Exchange Commission according to Memorandum Circulars No. 4 and 5, which took effect in July 2025, they are still actively promoting services or allowing users to access them within the country. In addition, the regulator stated that other cryptocurrency exchanges may also violate regulations, emphasizing that this list is not exhaustive, and platforms that provide similar services to the Filipino public without registration or approval are in violation of the country's securities laws. Following the earlier geographical blocking of Binance, the Philippine SEC disclosed that several other platforms are still accessible and are conducting unauthorized marketing activities targeting Filipino residents.
James Howells, a British IT professional, stated on the X platform: "For twelve years, I have tried every avenue for communication with Newport City Council, including public proposals, profit-sharing proposals, mediation, legal action, and even a formal offer of over £25 million in Bitcoin, worth $1 billion. Yet, they have ignored all of these proposals. They want me to give up, but I'm no longer seeking permission. Therefore, I will tokenize my entire wallet of 8,000 Bitcoins into 800 billion Ceiniog Coins (INI), each worth one Bitcoin satoshi. This project is based on the Bitcoin network, utilizes OP_RETURN technology, supports Stacks, Runes, and Ordinals protocols, and is expected to launch by the end of 2025." It is reported that James Howells accidentally discarded a hard drive containing 8,000 Bitcoins years ago and has repeatedly attempted to retrieve it from a local landfill.
The White House is preparing to increase pressure on major banks, threatening to fine lenders that terminate customer services for political reasons, according to a Wall Street Journal report. The draft executive order, seen by the outlet, directs bank regulators to investigate whether any financial institution may have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws.
Blockchain lending company Figure has submitted IPO application documents to the US SEC
According to CoinDesk, blockchain lending company Figure Technology Solutions announced Monday that it has confidentially filed an IPO application with the U.S. Securities and Exchange Commission (SEC), with plans to go public later this year. Founded by former SoFi CEO Mike Cagney, Figure has played a key role in the real-world asset (RWA) sector, having issued over $16 billion in home equity lines of credit through the Provenance blockchain. Last month, the company announced its merger with Figure Markets, also founded by Cagney. Figure Markets is a blockchain-based marketplace that has issued a yield-generating stablecoin that operates as a tokenized money market fund (YDLS).
Viewpoint
According to Glassnode, the gaps in Bitcoin's price range between $109,000 and $116,000 have been gradually filled by market corrections, forming a stair-step trend, indicating relatively stable investor participation over the past month. Meanwhile, the distribution in the $118,000 to $120,000 range remains relatively limited, indicating that holders in this range tend to remain on the sidelines.
According to CryptoQuant analyst Arab Chain, Bitcoin's decline in late July was primarily driven by three factors: First, the liquidity inventory ratio began to decline rapidly in mid-July, reaching a three-month low. This lack of liquidity made the market fragile, preventing sell orders from being absorbed, leading to price declines. Second, ETF demand fluctuated drastically, with unstable capital inflows and a lack of replacement demand, weakening price support. Third, the slow and limited accumulation of smart addresses failed to provide sufficient support during market weakness. Overall, the Bitcoin market was vulnerable due to the liquidity crisis and insufficient demand, putting downward pressure on prices.
Crypto analyst Murphy noted that BTC's support at the key $112,000 level is of great significance. The MVRV extreme deviation pricing range shows that the trend since April has consistently oscillated between the orange and yellow lines, with the lower band currently at $112,000. As long as this line remains above, the trend will continue, with the rebound expected to reach the upper band at $124,000. Furthermore, URPD data shows that as of today, 351,000 BTC have traded between $112,000 and $114,000, an increase of 80,000 since August 3rd. Currently, $117,000-$118,000 has become the most critical resistance level, and BTC could still retreat to $112,000 before breaking through. The ideal trend is for the price to consolidate between $112,000 and $117,000, absorbing undecided investors and building momentum for a subsequent breakout.
Project News
Binance Alpha Airdrop Phase 1: Receive 1,359 TOWNS for every 230 points you earn.
Binance Alpha will launch trading of TOWNS (TOWNS) and an airdrop at 8:30 PM (UTC) on August 5, 2025. Eligible users can claim 1,359 TOWNS tokens using Binance Alpha Points within 24 hours of the launch. The airdrop will take place in two phases: Phase 1 (the first 18 hours) requires a minimum of 230 points; Phase 2 (the last 6 hours) requires a minimum of 200 points. The point threshold will automatically decrease by 15 points every hour until all TOWNS tokens are fully redeemed.
Swiss crypto bank AMINA Bank has become the world's first regulated bank to offer trading and custody services for the SUI token. SUI, the native asset of the Sui blockchain, is designed to replace traditional Web2 infrastructure, supporting enterprise-grade low-latency applications and efficient transaction processing. AMINA plans to offer SUI staking services in the future and has already opened unlimited buy and sell capabilities for clients. Built-in governance tools support compliance and audit processes. Previously, AMINA also supported custody and trading of Ripple's stablecoin RLUSD.
Deposit at least 200 Binance Alpha Points to receive an airdrop of 500 Superp (SUP) tokens
Binance Alpha will launch Superp (SUP) trading on August 5th at 6:00 PM (UTC). Users with at least 200 Binance Alpha Points will be among the first to receive a 500-point airdrop on a first-come, first-served basis. The minimum SUP point requirement will automatically decrease by 15 points every hour until the reward pool is fully distributed.
The Base network is suspected to have resumed block production
Basescan data shows that the Base network appears to have resumed block production, with the latest block height as of 33793407, 42 seconds ago. Earlier news reported that Basescan showed that the Base network had not produced a block for nearly half an hour .
Coinbase and PayPal Continue Stablecoin Reward Programs Despite Genius Ban
According to Decrypt, after the US GENIUS Act came into effect last month, while prohibiting stablecoin issuers from offering users passive income from staking or depositing balances, Coinbase and PayPal continued to offer users annualized returns of 3%-5% through their "rewards programs." Coinbase CEO Brian Armstrong explained during an earnings call that the company is not the issuer of USDC (which is issued by Circle) and that the rewards offered are "rewards," not "interest," and therefore do not violate the new regulations. PayPal also maintains a 3.7% return program on its PYUSD stablecoin through third-party issuer Paxos. Senate staff stated that the bill only regulates the behavior of issuers and does not restrict secondary market service providers.
Chaos Labs: Aave's $4.7 billion exposure to Ethena could trigger a "liquidity crunch"
According to DL News, Chaos Labs, Aave's risk advisory firm, stated in a post on the Aave governance forum that the increasing amount of USDe deposited into the Aave protocol could threaten Aave's resilience and trigger a liquidity crunch. USDe holders are depositing large amounts of the token into Aave, while its issuer, Ethena, is lending out the stablecoins backing the asset, posing a significant risk. Ethena must avoid depositing excessive stablecoin reserves into Aave, self-limiting this risk exposure to help maintain the integrity of the redemption mechanism and market stability. Ethena has deposited $580 million in USDe-backed assets with Aave, a strategy known as rehypothecation. Furthermore, Aave's current exposure to USDe-backed assets, including PT and sUSDe, is $4.7 billion, representing over 55% of the total USDe supply. Chaos Labs stated, "The dual role of the backing asset, serving as both redemption capital and liquidity for Aave, creates a vulnerability that could exacerbate stress on both protocols during deleveraging events." Because USDe's backing mechanism has growth and contraction cycles, redemptions by USDe holders during bearish market conditions could pose problems if the backing asset is lent out. Its revolving strategy further amplifies this risk, potentially leading to a tightening of Aave's liquidity and higher lending rates, triggering a chain reaction. However, there is no immediate cause for concern, as the unwinding of revolving positions during the contraction period could offset the surge in utilization. However, this situation could change as USDe grows or rehypothecation increases. Chaos Labs is developing new risk prediction tools to adjust interest rates and ensure orderly redemptions during periods of market stress.
Binance HODLer Airdrop Now Available: Succinct (PROVE), the 31st Airdrop
According to an official announcement, Binance HODLer Airdrop has launched the 31st project, Succinct (PROVE), a decentralized prover network for universal zero-knowledge proof generation. Users who subscribe to guaranteed principal earning (fixed and/or demand) or on-chain earning products using BNB between 08:00 on July 18, 2025, and 07:59 on July 22, 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 PROVE at 01:00 on August 6, 2025 (GMT+8) and open trading against USDT, USDC, BNB, FDUSD, and TRY, subject to seed tag trading rules. PROVE deposits will open at 12:00 on August 5, 2025 (GMT+8). *Please note that PROVE will be listed and traded during the Binance Alpha event (time to be announced separately), but will no longer be displayed on Binance Alpha after spot trading opens.
Solana Begins Shipping Seeker Mobile Devices to Over 50 Countries
According to Cointelegraph, Solana Mobile began shipping its second-generation mobile device on Monday, serving users in over 50 countries. Pre-orders for the Seeker phone have exceeded 150,000. It will utilize upgraded technology, a native mobile crypto wallet, and a decentralized app store, bypassing the "crypto censorship" common in today's app stores. The device, currently available in two price points of $450 and $500, is expected to generate at least $67.5 million in total revenue for Solana Mobile, a subsidiary of blockchain technology company Solana Labs. With the Seeker, Solana Mobile will attempt to decentralize the on-device economy and incentive mechanisms through TEEPIN technology.
Billionaire Adam Weitsman buys over 5,000 NFTs from Yuga Labs
According to The Block, billionaire investor and scrap metal processing company owner Adam Weitsman said he purchased more than 5,000 NFTs from Yuga Labs, including Otherdeeds, Mega Kodas, and Weapon Kodas, to continue expanding his collection. Weitsman said he is making a long-term investment in "Otherside" and promised to "make a series of acquisitions on the public market this year." Weitsman said he hopes his purchase will support Yuga Labs in advancing its metaverse project "Otherside." He wrote: "I have recently seen Yuga Labs refocus and prioritize the development of Otherside. This project is of great significance to the entire field, and I will do my best to help it succeed and benefit everyone."
Coinbase Adds Mamo (MAMO) to its Listing Roadmap
Coinbase has officially announced the addition of Mamo (MAMO) to its listing roadmap. Trading launch is contingent on market maker support and sufficient technical infrastructure. Once these conditions are met, a separate announcement will be made.
Important data
A whale transferred 71,000 SOL from Binance to Kamino an hour ago, worth about $12 million.
According to Lookonchain monitoring, the whale address "8rWuQ5" withdrew 71,000 SOL (worth about $12 million) from Binance an hour ago and deposited it into the Kamino platform.
Ethereum spot ETFs saw a total net outflow of $465 million yesterday, a record high
According to SoSoValue data, Ethereum spot ETFs saw a net outflow of $465 million yesterday (August 4th, EST). The Blackrock ETHA ETF saw the largest daily net outflow, with a net outflow of $375 million. ETHA's total net inflow has now reached $9.367 billion. The second largest daily net outflow was from the Fidelity FETH ETF, with a net outflow of $55.1144 million. FETH's total net inflow has now reached $2.211 billion. As of press time, the total net asset value of Ethereum spot ETFs stood at $20.473 billion, with a net asset value ratio (market capitalization relative to the total Ethereum market capitalization) of 4.7%, and cumulative net inflows reaching $9.024 billion.
According to SoSoValue data, Bitcoin spot ETFs saw a total net outflow of $333 million yesterday (August 4th, EST). The Bitcoin spot ETF with the largest single-day net inflow yesterday was the Bitwise ETF (BITB), with a net inflow of $18.7428 million, bringing BITB's total net inflow to $2.278 billion. The Bitcoin spot ETF with the largest single-day net outflow yesterday was the Blackrock ETF (IBIT), with a net outflow of $292 million, bringing IBIT's total net inflow to $57.305 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $147.955 billion, with a net asset value ratio (market capitalization relative to the total Bitcoin market capitalization) of 6.46%, and cumulative net inflows to $53.847 billion.
According to on-chain analyst Ember, a large whale/institution has accumulated 63,838 ETH ($232 million) through FalconX and Galaxy Digital over the past day. They created three addresses through BitGo's "Wallet Factory," which subsequently received a total of 63,838 ETH ($232 million) from FalconX and Galaxy Digital at an average price of $3,640.
Hyperliquid's July trading volume hits record high, approaching $320 billion
According to The Block, Hyperliquid achieved an all-time monthly trading volume record of nearly $320 billion in July, a 47% increase from $216 billion in June and a 28% increase from the previous monthly record of $248 billion set in May. Throughout July, Hyperliquid maintained over 75% market share in the perpetual futures DEX space. Furthermore, the Hyperliquid/Binance ratio, which measures the proportion of Hyperliquid's perpetual futures trading volume to Binance's, also reached a new high of 11.89% in July. For reference, Binance's perpetual futures trading volume in July was approximately $2.59 trillion, a 35% increase from the previous month. Meanwhile, Drift, the perpetual futures decentralized exchange on the Solana blockchain, saw a 336% month-over-month increase in trading volume in July, exceeding $14.8 billion.
Ethereum's on-chain recovery in July saw transaction volume approach $240 billion
According to The Block, Ethereum's on-chain transaction volume exceeded $238 billion in July, a 70% increase from the previous month. This was also the highest monthly transaction volume since December 2021, setting a new high in nearly four years. Ethereum network transactions also reached 46.67 million, a monthly record high, up 3.6% from the all-time high in May 2021. The 7-day moving average (7DMA) of the number of transactions on the Ethereum network was also close to its all-time high, reaching 1.64 million, just below the all-time high of 1.66 million in May 2021. The number of active addresses on the Ethereum network reached 17.55 million in July, the highest level since May 2021. With all the positive updates to Ethereum network metrics, the price of ETH also reached a multi-year high, reaching $3,700 by the end of July.
Financing/Acquisition
Google's AI Futures Fund invested in STAN, a Singapore-based Indian social gaming platform, in an $8.5 million equity round. Aptos Labs, Bandai Namco 021 Fund, Square Enix, Nazara, King River Capital, General Catalyst, and GFR Fund also participated. STAN has raised approximately $15 million in total funding and has 25 million downloads and 5.5 million monthly active users.
OpenMind, a Silicon Valley-based intelligent machine infrastructure company, announced that it has completed a $20 million financing round led by Pantera Capital, with participation from Ribbit, Sequoia China, Coinbase Ventures, DCG, Lightspeed Faction, Anagram, Pi Network Ventures, Topology, Primitive Ventures, Amber Group and other institutions and several well-known angel investors.
Phantom acquires Solsniper, the Solana-based meme coin trading platform
According to The Block, crypto wallet Phantom announced its acquisition of Solsniper, the AI-powered meme coin trading platform on the Solana blockchain. Phantom stated, "Solsniper is built for precision and speed, helping traders monitor tokens, track wallets, and react instantly. Phantom is becoming more than just a wallet... As we expand our product line and accelerate our growth, we anticipate further strategic acquisitions. The Solsniper web platform will continue to operate as a standalone service, with additional features and improvements expected in the coming months."
Victus Global launches $10 million fund to support small-cap blockchain projects
Victus Global, a crypto-native fund, has announced the establishment of a $10 million investment fund to support low-cap blockchain projects with established market fit. The fund will primarily target projects within Victus Global's internal strategic partner network, ecosystem projects already benefiting from its token services and over-the-counter investments, and external projects that can be integrated into its trading, hedging, or Web3 infrastructure pipelines.
Institutional holdings
Sharplink Gaming increased its holdings by 18,680 ETH, bringing its total holdings close to 500,000.
According to Onchain Lens, Sharplink Gaming recently purchased another 18,680 Ethereum, worth approximately US$66.63 million, and its strategic ETH reserves increased to 498,884, which is approximately US$1.8 billion based on the current market value.
Verb Technology Company (Nasdaq: VERB) announced the completion of approximately $558 million in a private placement (PIPE) financing. The company, in partnership with Kingsway Capital, will establish the first publicly listed Toncoin ($TON) treasury company. The company plans to change its name to TON Strategy Co. (TSC), and the majority of the proceeds will be used to acquire $TON, becoming one of the world's largest $TON holders. The transaction is expected to close on August 7th. TSC will use $TON as its primary reserve asset and generate returns through staking. Over 110 institutions, including Kingsway Capital, Vy Capital, and Blockchain.com, participated in the investment.
Ether Machine purchased another 10,600 ETH, bringing its total holdings to over 345,000 ETH
According to GlobeNewswire, Ether Machine announced that its subsidiary, The Ether Reserve LLC, increased its holdings by 10,605 ETH at an average price of $3,781 per ETH, bringing the total amount of ETH purchased and committed to holding since its inception earlier this month to 345,362. This increase was funded by a previous $97 million private placement. Ether Machine stated that it will continue to optimize ETH returns through staking and re-staking, and plans to provide infrastructure services to institutions and the Ethereum ecosystem.
GameSquare increased its holdings by 2,717 ETH, bringing its total holdings to 15,630 ETH
According to Solid Intel, GameSquare purchased 2,717 Ethereum at a cost of US$10 million and now holds a total of 15,630 ETH, which is worth approximately US$55.58 million based on the current market value.
Bitmine holds over 833,000 ETH, worth nearly $3 billion
According to Solid Intel, Tom Lee's Bitmine currently holds more than 833,000 ETH, with a total value of nearly US$3 billion.
