Today's news tips:
MetaMask has integrated Sei blockchain, now integrating 11 chains
Orca DAO proposes 55,000 SOL staking and a two-year ORCA buyback program
Macro
CME Fed Watch: The probability of a September rate cut by the Federal Reserve is 93.6%.
According to CME's "Fed Watch," the probability of the Fed keeping interest rates unchanged in September is 6.4%, and the probability of a 25 basis point rate cut is 93.6%. The probability of the Fed keeping interest rates unchanged in October is 2%, the probability of a cumulative 25 basis point rate cut is 33.9%, and the probability of a cumulative 50 basis point rate cut is 64%.
According to The Block, a Manhattan jury convicted Tornado Cash founder Roman Storm of conspiracy to operate an unlicensed money transmitting business but failed to reach a consensus on money laundering and sanctions charges. The DeFi Education Fund and others expressed their continued support for Roman Storm. The DeFi Education Fund stated, "We are disappointed that the jury did not recognize that Storm should not be held responsible for the actions of third parties over whom he had no control." The Blockchain Association urged Storm to appeal in a post on X. According to reporter Eleanor Terrett, Storm plans to refute the charges, calling them "nonsense." Terrett also reported that Storm, citing President Donald Trump, said he would "fight, fight, fight."
Viewpoint
According to Glassnode, Bitcoin prices have continued to fall since reaching a record high of $123,000 in mid-July, currently falling below the lower limit of the $116,000 supply zone, hitting a low of $112,000 and entering a "gap zone" with low liquidity. Short-term holder profitability has fallen to approximately 70%, but the lack of a significant recovery in demand may weaken confidence, further exacerbating selling pressure. Dip-buying has pushed prices back above $114,000, but the low supply range between $110,000 and $116,000 suggests the market may need more time to build support. The short-term holder cost line is at $106,000, and the current price remains above this level, consistent with a normal correction in a bull market. Meanwhile, declining funding rates in major perpetual swap markets indicate a weakening interest in leverage. Failure to break through the $116,900 resistance level could lead to further declines to $110,000.
According to on-chain data analysis by Sentora (formerly IntoTheBlock), Bitcoin's recent volatility has remained at approximately 20%, demonstrating a long-term downward trend with no signs of compression in the short term, and the overall market is range-bound. Meanwhile, Bitcoin's correlation with traditional financial markets is gradually increasing, particularly with the S&P 500, suggesting a potential increase in Bitcoin's sensitivity to macroeconomic conditions. Regarding on-chain costs, approximately 95% of Bitcoin addresses are currently profitable, a decrease from the all-time high of $121,000 reached in July. Data indicates that many holders who purchased Bitcoin between $116,000 and $119,000 are currently losing money, potentially creating significant resistance to future price increases.
According to The block, Geoffrey Kendrick, head of global digital asset research at Standard Chartered Bank, said that Ethereum fund managers are currently "extremely worthy of investment" and are more worthy of buying than US spot ETFs. Kendrick said that the net asset value (NAV) multiples of Ethereum fund managers (that is, the market value divided by the value of ETH held) have now "begun to normalize" and are expected to remain above 1, making them more worthy of purchase than US spot ETH ETFs. He added that as the net asset value multiples normalize, ETH fund managers will be able to better take advantage of ETH price increases, staking rewards, and the growth of ETH per share - this is different from US spot ETH ETFs, which currently cannot be staked or participate in DeFi. Kendrick pointed out that since June, Ethereum fund managers have purchased 1.6% of all circulating ETH, which is comparable to the purchase rate of ETH ETFs during the same period. The update follows his report last week, in which he predicted that ETH held by ETH fund managers could grow to 10% of all circulating ETH — equivalent to 10 times their holdings at the time.
Project News
Binance: Holders of at least 200 Binance Alpha Points will receive a 1,000 X token airdrop.
According to the official announcement, Binance Alpha TaleX (X) trading will open at 7:00 PM (UTC+8) on August 7th. Upon the launch of trading, users with at least 200 Binance Alpha Points will be eligible to claim an airdrop of 1,000 X tokens on a first-come, first-served basis. The minimum required will automatically decrease by 15 points every hour until the reward pool is fully distributed. Claiming the airdrop will cost 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, their claim will be deemed forfeited.
According to an official announcement, Binance Alpha and futures trading will list INFINIT (IN). Trading for Alpha will open at 5:00 PM on August 7 (UTC+8). Futures trading will open at 6:30 PM on August 7 (UTC+8). After trading begins, users holding at least 200 Binance Alpha Points will be eligible to claim an airdrop of 500 IN tokens. This airdrop will be distributed on a first-come, first-served basis until the airdrop pool is exhausted or the event ends.
Jupiter launches Jupiter Plugin, a customizable plugin that doesn't require RPC.
Jupiter announced the launch of the Jupiter Plugin, an open source, lightweight, plug-and-play version of Jupiter that allows users to seamlessly integrate end-to-end Swap functionality into their applications with less effort. Users can deploy it by adding only a few lines of code. Its main features are: Seamless integration: Embed Jupiter's Swap functionality directly into your application without redirection. Multiple display options: Choose between integrated, widget, or modal display modes. Customizable options: Configure the swap form to meet your application needs. No RPC: The plugin can be integrated without any RPC, and Ultra takes care of transaction sending, wallet balance, and token information. Ultra mode: Access all the features of Ultra mode.
MetaMask has integrated Sei blockchain, now integrating 11 chains
MetaMask announced that it has integrated the Sei blockchain, bringing the total number of supported blockchains to 11. This integration will bring native support for the Sei network to MetaMask, allowing MetaMask users to seamlessly access Sei’s decentralized application (dapp) ecosystem and Sei native assets within their wallet.
Orca DAO proposes 55,000 SOL staking and a two-year ORCA buyback program
The Orca DAO, associated with Solana’s liquidity protocol Orca, has proposed a new governance plan that will stake up to approximately 55,000 SOL to Orca validators and initiate a 24-month ORCA buyback program. The repurchased tokens can be burned, used for xORCA rewards, or used as ecosystem grants.
Important data
According to SoSoValue data, yesterday (August 6th, EST), Ethereum spot ETFs saw a total net inflow of $35.1243 million. The Blackrock ETF (ETHA) saw the largest daily net inflow, with a net inflow of $33.3863 million, bringing ETHA's total net inflow to $9.489 billion. The next largest daily net inflow was the Grayscale Ethereum Trust ETF (ETHE), with a net inflow of $10.0442 million, bringing ETHE's total net outflow to $4.353 billion. The Grayscale Ethereum Mini Trust ETF (ETH) saw the largest daily net outflow, with a net outflow of $8.6736 million, bringing ETH's total net inflow to $1.100 billion. As of press time, the total net asset value of the Ethereum spot ETF was US$20.608 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 4.7%, and the historical cumulative net inflow has reached US$9.132 billion.
According to SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $91.5543 million yesterday (August 6th, EST). The Blackrock ETF IBIT saw the largest single-day net inflow, with $41.9258 million. Currently, IBIT's total net inflow has reached $57.269 billion.
According to @ai_9684xtpa, an address suspected to be owned by DFG founder James Wo liquidated ETH held for over two years, generating an estimated profit of $7.796 million. Address 0x77C...F201a deposited 1,598 ETH to Binance six hours ago. Over the past two days, these two addresses have transferred a total of 3,634.2 ETH (approximately $13.29 million) to the exchange. This ETH was established between February and March 2023 at an average price of $1,521.95. If sold, the profit would be $7.796 million, a 141% return.
According to Lookonchain, a mysterious whale/institution created a new wallet and received 11,062 ETH ($40.74 million) from FalconX an hour ago. Over the past three days, this whale/institution has created five wallets and received a total of 147,591 ETH ($541.66 million) from FalconX, Galaxy Digital, and BitGo.
Financing
Blindpay, a stablecoin payment infrastructure, announced the completion of a $3.3 million seed round from investors including Y Combinator, 468 Capital, Bitso, Transpose VC, and Acacia Venture Capital Partners, as well as angel investors Jawed Karim (co-founder of YouTube), Raphael Dyxklay, and Caetano Lacerda (co-founder of Barte). The company is committed to building a better global payments infrastructure through stablecoins, providing businesses with tools for cross-border transfers, compliance management, and quick opening of virtual US accounts, all through a developer-friendly API. By 2025, Blindpay had processed over $125 million in transfers, including $46 million in July alone.
BOB, a UK blockchain project focused on building a hybrid Bitcoin and Ethereum DeFi chain, has raised $21 million since December 2024. Its latest funding round, totaling $9.5 million, attracted new investors such as Anchorage, Amber Group, and Sats Ventures, with participation from existing backers including Castle Island Ventures, Ledger, and RockawayX.
Decentralized prediction market Bayes Market completes $2 million strategic round of financing
According to Chainwire, the decentralized prediction market Bayes Market announced the completion of a US$2 million strategic round of financing, with participation from Singapore funds GreenVision Fund, Jkapital Ltd and Bearcat. Bayes Labs is currently focusing on the Asian market. The new funds will be used to optimize the decentralized intelligent prediction participation framework and accelerate product development, regional expansion and user growth.
AI-native ERP platform Rillet completes $70 million Series B financing, led by A16z and ICONIQ
According to GlobeNewswire, Rillet, an AI-native enterprise resource planning (ERP) platform, announced the completion of a $70 million Series B funding round led by Andreessen Horowitz and ICONIQ, with participation from Sequoia, OakHC/FT, and others. This brings Rillet's total funding raised in a year to over $100 million. Founded by former N26 executives, Rillet serves over 200 clients, has doubled its ARR in the past 12 weeks, and is partnering with accounting firms such as Armanino and Wiss to reduce book close cycles to days through native integration and embedded AI.
According to Tech in Asia, SuperGaming, a game development company headquartered in Pune, India and Singapore, announced the completion of a $15 million Series B funding round led by Skycatcher and Steadview Capital, with participation from A16z Speedrun, Bandai Namco 021 Fund, Neowiz, and Polygon Ventures. SuperGaming's valuation has reached $100 million. The new funds will be used to expand internationally (first in Latin America) for its game "Indus Battle Royale" and upgrade its technology platform. The company has accumulated 200 million game downloads and is advancing new technologies such as a cloud-based multiplayer backend and Web3 digital asset ownership through SuperPlatform.
Institutional holdings
According to an official announcement, Japanese fashion brand ANAP purchased 82.33 BTC and currently owns a total of 913.45 BTC.
According to an announcement from the Hong Kong Stock Exchange, Hong Kong-listed company Yisou Technology announced a strategic investment of US$5 million in Lightnet, a financial technology company under the Charoen Pokphand Group, to support its Web3 technology and cross-border payment business. In addition, Yisou Technology also announced that it will deepen its real-world asset (RWA) strategic layout.
Deling Holdings (01709.HK) announced that it has entered into a placing and subscription agreement with relevant parties, raising a total of approximately HK$653.3 million. The proceeds will be used across various areas, including approximately 30% for strategic acquisitions and expansion of its RWA tokenization program, 15% for Bitcoin mining and reserve development, 7% for the application of a Hong Kong virtual asset business license and the establishment of an over-the-counter trading network, 8% for the development of its digital asset and cryptocurrency businesses, 10% for investment in the ONE Carmel residential project in the United States, 10% for information technology upgrades, 10% for the development of exchange-traded funds and quantitative investing, and 10% for working capital replenishment and daily operations.
According to The Block, crypto investment startup Parataxis Holdings will merge with SilverBox Corp IV SPAC in an effort to raise $640 million for a Bitcoin fund management company to be listed on the New York Stock Exchange (NYSE). Upon completion of the merger, the new company plans to list on the NYSE under the ticker symbol PRTX. A statement from Parataxis Holdings stated: "The business combination will generate up to approximately $240 million in capital for Parataxis Holdings, subject to redemptions by SBXD (SilverBox Corp IV SPAC) shareholders. This includes $31 million in equity, which will be used immediately to purchase Bitcoin." Parataxis also stated that it has "entered into a share purchase agreement" allowing it to "issue and sell up to $400 million in equity," adding that the merger "could generate up to $640 million in gross proceeds to support the execution and acceleration of its BTC fund management strategy." Earlier news broke that crypto investment startup Parataxis Holdings planned to go public through a SPAC transaction.
TAO Synergies holds a total of 42,111 Bittensor (TAO) tokens
According to PRNewswire, TAO Synergies Inc. (NASDAQ: TAOX) announced that as of August 5, the company had accumulated a total of 42,111 Bittensor (TAO) tokens through acquisition and staking. As the world's first publicly listed digital asset vault focused on the Bittensor network and its decentralized AI protocol, TAO Synergies continues to regularly increase its holdings and actively participates in TAO network staking, aiming to enhance shareholder value through asset appreciation and staking income.
Cosmos Health Secures $300 Million in Funding to Launch ETH Treasury Strategy
According to GlobeNewswire, Cosmos Health (NASDAQ: COSM) has signed a securities purchase agreement with a US institutional investor to issue up to $300 million in senior convertible secured notes to fund its Ethereum (ETH) reserve strategy. The company is required to purchase at least 72.5% of the net proceeds from each round of financing in ETH, which will be held in custody and staked by BitGo to enhance its "ETH per share" metric. The remaining funds will be used for product research and development, business expansion, and US manufacturing initiatives. The company also intends to explore additional revenue streams to optimize the cash flow and utilization of its ETH assets.
Empery Digital purchased another 88 BTC, bringing its holdings to over 4,000.
According to Business Wire, Nasdaq-listed Empery Digital purchased an additional 87.62 BTC after August 3rd, spending $10 million. Its current holdings are 4,000.85 BTC, totaling approximately $470 million, at an average cost of $117,600 per BTC. Simultaneously, the company launched its EmperyDigital.com treasury dashboard, providing real-time disclosure of its Bitcoin holdings and valuation, and reiterating its Bitcoin treasury strategy, established on July 17th.
According to GlobeNewswire, ZOOZ, a dual-listed company based in Nasdaq and Tel Aviv, has completed its first private placement of $5 million, priced at $2 per share (or prepaid warrants) and accompanied by two warrants with an exercise price of $3.06 per share. This round represents the first phase of a $180 million private placement. Following shareholder approval of the remaining funds, the company plans to use approximately 95% of the proceeds, after repayment of the promissory note, to establish a Bitcoin reserve, becoming the first dual-listed company to implement a long-term BTC treasury strategy.
