Today's News Tips:
Liminatus Pharma, a publicly listed company, plans to raise $500 million to invest in BNB
Hyperion, a publicly listed company DeFi Increases Holdings of 108,594 HYPE Tokens
CryptoPunks NFT Trading Volume Reaches Highest Level Since March 2024
CoinShares Launches Zero-Management-Fee SEI ETP and Offers 2% Staking Return
Omni Network (OMNI) Lists on Upbit's Korean Won Market
Macro/Policy
UAE-based RAKBANK Bank Partners with Bitpanda to Launch Retail Cryptocurrency Services UAE-based traditional bank RAKBANK has partnered with Vienna-based cryptocurrency platform Bitpanda, becoming the first traditional bank in the UAE to offer retail cryptocurrency services. Users can now buy, sell, and exchange cryptocurrencies through RAKBANK's mobile banking app. Transactions are settled directly in UAE Dirhams (AED), eliminating exchange rate fees associated with US dollars or euros. This service executes transactions through Bitpanda Broker MENA DMCC, Bitpanda's Dubai-regulated subsidiary. Users' funds are debited directly from their savings or current accounts, eliminating the need to transfer funds to a third-party cryptocurrency exchange. Raheel Ahmed, CEO of RAKBANK, stated that this solution provides UAE users with an efficient, seamless, and fully regulated cryptocurrency trading experience. The service is currently available by invitation only and will be expanded to a wider audience in the future.
The Hong Kong Monetary Authority will hold a technical briefing on the regulatory regime for stablecoin issuers at 4:30 PM today.
According to Cailian News, the Hong Kong Monetary Authority will hold a technical briefing on the regulatory regime for stablecoin issuers at 4:30 PM today. The briefing will reportedly be led by a senior HKMA team, including Deputy Chief Executive Officer Chen Weimin, Assistant Chief Executive Officers Chen Jinghong and Ho Hon Kit, and Head of Digital Finance Ho Hongzhe. The HKMA previously announced that it will release supporting implementation guidelines for stablecoins this month, clarifying core regulatory details such as anti-money laundering and customer identification. Regulators also remind the market to be rational and not to over-hype. The number of the first batch of stablecoin issuer licenses is strictly controlled in the single digit and is scheduled to be issued within the year. According to Bloomberg, Bitmain, the world's largest cryptocurrency mining equipment manufacturer, plans to set up its first factory in the United States in the next few months, located in Texas or Florida. The new headquarters and assembly line are expected to be officially opened before the end of the third quarter of this year. Irene Gao, head of global business at Bitmain, said that the first batch of production capacity will be released in early 2026 and full production capacity will be achieved by the end of the year. The company plans to hire 250 local employees in the first phase for production and maintenance-related training. Brevan Howard Appoints Former Thiel Family Office Member David Kalk to Lead Cryptocurrency Fund
According to Bloomberg, Brevan Howard Asset Management will appoint former Thiel Family Office member David Kalk as portfolio manager for its multi-strategy digital asset fund. Kalk, formerly Chief Investment Officer at Reflexive Capital, brings extensive experience in macro and digital asset investing. He will join Brevan Howard along with two former team members and continue to manage digital asset investments. Brevan Howard has been actively expanding into the cryptocurrency sector in recent years, with its BH Digital Fund achieving a 51.3% return last year. Cboe BZX Exchange Files Application with US SEC to Launch Canary Staked INJ Fund
According to The Block, Cboe BZX Exchange has filed an application with the US Securities and Exchange Commission (SEC) to launch the Canary Staked INJ exchange-traded fund (ETF) tracking the native assets of the Injective blockchain. The fund is sponsored by Canary Capital Group LLC. Canary first proposed the ETF earlier this month. This application is part of the two-step process for cryptocurrency ETF proposals. Cboe BZX also filed an application for the Invesco Galaxy Solana ETF on Monday. The ceasefire agreement between Thailand and Cambodia officially came into effect According to CCTV News, the ceasefire agreement between Thailand and Cambodia officially came into effect at 24:00 on July 28, local time. On the afternoon of the 28th, Cambodian Prime Minister Hun Manet and Thai Acting Prime Minister Puttan led high-level delegations to attend the special meeting on the Cambodia-Thailand border situation held in Putrajaya, Malaysia. The Malaysian Prime Minister said that Thailand and Cambodia agreed to a ceasefire, and the ceasefire agreement came into effect at midnight (local time on the 28th at 24:00). On the same day, Thailand and Cambodia confirmed that the two sides had reached an agreement on a ceasefire and would cease fire from midnight. According to Decrypt, when the risks in the bond and stock markets intensify, Ray Dalio, founder of Bridgewater Fund, recommends that investors allocate at least 15% of their portfolios to gold and Bitcoin. He said in the "Master Investor Podcast" that the macro risks of rising government debt in the United States and other countries have not been digested by the market, and the market may fall sharply. The US government spends far more than its income, its debt is six times its income, and its annual interest expenditure reaches 1 trillion US dollars. And the government can only repay its debts by issuing more bonds and the Federal Reserve printing money, which may cause market panic. A new round of large-scale quantitative easing or government control of the Federal Reserve may become the cause of a major crash, and the relevant signals have been "flashed". Because risks aren't priced in, Dalio believes gold and Bitcoin can be used as hedges against fiat currencies and other currencies. He has a "strong preference" for gold and, citing skepticism about Bitcoin, considers it a more important asset in his portfolio.
Solana Co-Founder: Meme Coins and NFTs Are 'Digital Garbage'
According to Decrypt, Solana co-founder Anatoly Yakovenko sparked a heated discussion on the crypto Twittersphere last weekend. Despite the Solana chain profiting handsomely from meme coin activity, he slammed meme coins and NFTs as "digital garbage." In an interaction with Base founder Jesse Pollak, he tweeted that both have no intrinsic value and compared such digital assets to the "loot box" mechanics of free-to-play games. Pollak's comments were in response to critics comparing Zora's creator tokens to anonymous meme coins on Pump.fun. He said that content and creators have value, and it is a logical fallacy to think that the two assets are equal. Yakovenko believes that these tokens are the product of viral spread, and buyers want to sell them while they are hot. Pollak countered that tokens are a powerful technology that enables the flow of value for creators, and those who disagree can insist on the view that "content has no value." CoinShares launches zero-management-fee SEI ETP and offers 2% staking income CoinShares launches a new exchange-traded product (ETP) that provides direct investment opportunities in SEI, free of management fees and an annualized staking income of 2%. The product is backed by SEI tokens and is listed on the Swiss Stock Exchange under the code CSEI. It is the first regulated SEI investment tool. CoinShares said the move is aimed at simplifying the process for institutional investors to enter SEI and has been circulated in the European market. Despite the abundance of European crypto ETPs, their adoption rate is still lower than that of US spot Bitcoin ETFs. Omni Network (OMNI) Launches on Upbit Korean Won Market Upbit announced that Omni Network (OMNI) will be launched on the Korean Won market (KRW) and support Ethereum network transactions. Binance Alpha Phase 1: Earn 100 TREE Tokens Airdrop with at least 233 Alpha Points Binance announced it will be the first platform to list Treehouse (TREE). Trading of TREE will open on July 29th at 8:00 PM (UTC). Eligible users can claim the 100 TREE token airdrop using Binance Alpha Points within 24 hours of trading opening. The airdrop will be divided into two phases: In the first phase (the first 18 hours), users must hold at least 233 Alpha Points to claim. In the second phase (the last 6 hours), users must hold at least 200 Alpha Points. The airdrop will be distributed on a first-come, first-served basis. If all rewards are not distributed, the point threshold will automatically decrease by 15 points every hour. Binance to Launch ZRC/USDT and ESPORTS/USDT Perpetual Contracts Binance Futures announced that it will launch ZRCUSDT perpetual contracts at 17:45 Beijing Time on July 29th, and ESPORTSUSDT perpetual contracts at 18:00 Beijing Time, both supporting up to 50x leverage. According to the Binance announcement, Binance will conduct an on-site upgrade of its wallet network infrastructure at 16:00 (UTC+8) on July 31, 2025. To support this upgrade, all network deposits and withdrawals will be suspended at the same time, and the upgrade is expected to last about 15 minutes. Binance said that token trading will not be affected by this maintenance, and deposits and withdrawals will be resumed after the network is stable, and no further announcement will be made at that time. CoinDCX co-founder Sumit Gupta posted on the X platform that in response to rumors that Coinbase intends to acquire CoinDCX, Sumit Gupta said that CoinDCX is "super focused" on working for the development of the cryptocurrency industry in India and has not considered selling the company. He also said that further explanation will be given later, but currently hopes to clarify the relevant rumors first. Succinct Airdrop Registration Now Live, PROVE Token Economics Announced, 5% First Round Airdrop According to the Foundation's announcement, registration for the Succinct airdrop is now live and closes at 3:00 AM (Beijing Time) on August 4th. This airdrop not only rewards community members who have actively participated in the testnet over the past six months, but also recognizes open source developers who have contributed to ZK, cryptography, and blockchain, as well as X affiliates of the cooperative agreement, Succinct Labs collaborators, public product organizations, and crypto Twitter influencers. All users with a badge are eligible to participate in this airdrop. According to the Succinct official documentation page, the total supply of PROVE tokens is 1 billion, which will be used for payments, staking, and governance. The distribution ratio is: 25% for the public and future incentives (including 5% for the first round of airdrops), 25% for the ecosystem and R&D, 29.5% for core contributors, 10.5% for investors, and 10% for foundation operations. Investor and contributor tokens are locked for one year and unlocked linearly for four years. FIS and Circle cooperate to provide stablecoin payment services for banks According to Bloomberg, FIS (Fidelity National Information Services Inc.), a US banking technology service provider, announced a partnership with Circle Internet Group Inc. to provide financial institutions with trading services based on Circle's stablecoin USDC. The two parties aim to help US banks provide customers with the option of using USDC for domestic and cross-border payments. FIS plans to integrate USDC into its fund flow platform, and the service is expected to be launched before the end of the year. Coinbase Adds Bio Protocol (BIO) and Euler (EUL) to its Roadmap
According to Coinbase Assets, Coinbase announced today that it has added Bio Protocol (BIO) and Euler (EUL) to its roadmap. Officials stated that the launch of trading for these two assets requires market-making support and sufficient technical infrastructure, and the specific launch date will be announced separately. According to SoSoValue data, yesterday (July 28, Eastern Time), Bitcoin spot ETFs had a total net inflow of $157 million. The Bitcoin spot ETF with the largest net inflow yesterday was Blackrock ETF IBIT, with a net inflow of $147 million. Currently, IBIT's total net inflow in history has reached $57.39 billion. The second is Fidelity ETF FBTC, with a net inflow of $30.88 million in a single day. Currently, FBTC's total net inflow in history has reached $12.47 billion. The Bitcoin spot ETF with the largest daily net outflow yesterday was the ETF ARKB of Ark Invest and 21Shares, with a daily net outflow of $17.45 million. Currently, ARKB has a total historical net inflow of $2.81 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $153.19 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) is 6.52%, with a historical cumulative net inflow of $54.98 billion. WLFi spent 1 million USDC to buy 256.75 ETH 20 hours ago According to Onchain Lens, World Liberty Fi (@worldlibertyfi) used 1 million USDC to buy 256.75 ETH at a unit price of $3,895 20 hours ago. Abraxas Capital's short position in Hyperliquid has a floating loss of more than $100 million According to Arkham, Abraxas Capital's BTC and ETH short positions on the Hyperliquid platform have lost more than $100 million. The account currently shorts BTC, ETH, SOL, and HYPE, with a total short position approaching $800 million and an unrealized profit and loss of -$106.3 million.
A suspected Amber Group address withdrew 15,814 ETH from CEX within an hour, with current holdings valued at over $70 million.
According to Ai Yi, a wallet address suspected to belong to Amber Group withdrew a total of 15,814 ETH from Binance, OKX, and Gate in the past hour, valued at approximately $59.75 million. The address currently holds 18,463 ETH, valued at approximately $70.05 million. CryptoPunks NFT Trading Volume Reaches New High Since March 2024 According to The Block, CryptoPunks NFT trading volume exceeded $24.6 million last week, the highest level since March 2024 and a 416% increase from the previous week. This trading boom is believed to be related to GameSquare's acquisition of Punk #5577 for $5.15 million through the issuance of preferred stock. This move also contributed to a significant increase in the floor price and average selling price of CryptoPunks. A dormant Bitcoin whale account was activated after 12 years, containing 343 Bitcoins According to Whale Alert, a dormant address containing 343 Bitcoins (about 40.3676 million US dollars) was reactivated after 12.3 years of silence. According to The Information, citing informed sources, AI cloud service startup Fireworks AI is negotiating a new round of financing with Lightspeed Venture Partners and Index Ventures, with a valuation of up to $4 billion. This valuation has increased more than seven times compared to last year. Fireworks AI focuses on leasing Nvidia chip servers for developers to use for artificial intelligence models. Coinbase is in late-stage talks to acquire Indian exchange CoinDCX.
According to Bloomberg, Coinbase is in late-stage talks to acquire CoinDCX, the Indian exchange recently hacked.
Zodia Markets, a crypto trading platform under Standard Chartered Bank, has secured $18.25 million in funding.
According to Bloomberg, Zodia Markets, a crypto trading platform under Standard Chartered Bank, has secured $18.25 million in funding led by New York venture capital firm Pharsalus Capital, with participation from Circle Ventures, Token Bay Capital, and XVC Tech. Following this round of financing, Standard Chartered Bank's stake in Zodia Markets has decreased from 84% to 60%. Zodia Markets, founded in 2021, provides over-the-counter (OTC) cryptocurrency brokerage services. The new funds will be used to expand into East Asia, Latin America, and the US, as well as to expand its stablecoin business. The company currently has a team of approximately 50 people and prioritizes profitability, avoiding reckless expansion.
ETH Strategy announced it has raised 12,342 ETH (approximately $46.5 million) in pre-launch funding.
ETH Strategy, an Ethereum treasury protocol, announced it has raised 12,342 ETH (approximately $46.5 million) in pre-launch funding. The protocol aims to provide leveraged exposure to Ethereum. The STRAT token is expected to launch at 9:00 PM Beijing time on July 29th, introducing a one-sided liquidity pool on Uniswap v4. Funding was raised through three channels: a private sale of 6,900 ETH, a public sale of 1,242 ETH, and an additional 4,200 ETH obtained through redeemable warrants. All investors' tokens will be locked for four months and will vest linearly over two months following the token generation event.
ETH Strategy plans to use 11,817 ETH for core operations, including ETH staking and protocol liquidity provision. The remaining 525 ETH will be used for development, team salaries, and community activities. The protocol will fund its funding through convertible bonds and market issuance mechanisms similar to those used by SharpLink and BitMine. A16z Leads $60 Million Series A Round for US Lending Platform Salient Salient, a San Francisco-based lending platform, recently completed a $60 million Series A funding round led by Andreessen Horowitz (A16z), with participation from Matrix Partners, Michael Ovitz, and Y Combinator. This round of funding brings Salient's valuation to $350 million. Just 18 months after its founding, Salient had already generated annualized revenue exceeding $14 million by June 2025. The platform utilizes generative AI to automate post-loan collection, customer service, and compliance monitoring processes, and uses voice recognition technology to monitor customer service compliance. The platform aims to improve transparency in loan services, streamline operational processes, and strengthen compliance management. Pear Protocol, a cryptocurrency trading platform, has secured $4.1 million in strategic funding.
Pear Protocol, a cryptocurrency trading platform, announced the closing of a $4.1 million strategic funding round led by Castle Island Ventures, with participation from Compound VC, Florin Digital, and Sigil Fund. The funding will be used to expand its institutional-grade product suite, including the development of vaults and APIs on HyperEVM and the relaunch of a more liquid spot token on the Hyperliquid spot order book. The platform has natively integrated with Hyperliquid's perpetual contract order book, enabling users to execute trading pairs with one click and supporting advanced features such as ratio-based stop-loss and take-profit strategies and TWAP execution. According to Investing, US electric vehicle company Volcon (ticker: VLCN) announced that it has purchased an additional 316.8 Bitcoins for $37.3 million since its last update on July 25. The company currently holds 3,500.18 Bitcoins, with a total purchase price of approximately $412 million and an average purchase price of $117,683 per Bitcoin. Volcon also sold additional short-term put contracts, which give it the option to purchase additional Bitcoin at strike prices between $115,000 and $118,000. According to Investing, Nasdaq-listed Upexi (Nasdaq: UPXI) has signed an equity financing line agreement with A.G.P./Alliance Global Partners, under which Upexi can sell up to $500 million of common stock at its discretion, subject to certain restrictions and closing conditions. The company said it will use the proceeds from the equity financing line for general corporate purposes and to advance its Solana asset reserve strategy. The equity financing line structure enables Upexi to choose the time to enter the capital market without having to raise funds immediately. Such agreements typically allow companies to sell shares over a period of time based on market conditions and funding needs. Mill City Ventures III, Ltd. Announces $450 Million Private Placement to Launch Sui Financial Strategy
According to Businesswire, Mill City Ventures III, Ltd. (NASDAQ:MCVT), a non-bank lender and financial company, announced that it has signed a securities purchase agreement to make a private investment in public equity, purchasing and selling 83,025,830 shares of its common stock at a price of $5.42 per share, for expected gross proceeds of approximately $450 million (after deducting placement agent fees and other offering expenses). Hedge fund Karatage led the investment, with the Sui Foundation providing an equal investment. The offering is expected to close on or about July 31, 2025. The company plans to use approximately 98% of the net proceeds from the private placement to acquire SUI, the native token of the Sui blockchain, and approximately 2% of the net proceeds to support its short-term lending business. SUI will serve as the company's main financial reserve asset. According to Streetinsider, CEA Industries and 10X Capital announced a $500 million private placement with the support of YZi Labs to establish the BNB Treasury. The two institutions will expand the scale of PIPE issuance. More than 140 subscribers participated in the issuance. In addition to YZi Labs, there are Pantera Capital, Arche Capital, GSR, Borderless, Arrington Capital, Blockchain.com, Hypersphere Capital, Kenetic and other institutions. MARA Holdings Raised $950 Million Through Convertible Bond Issuance to Increase Bitcoin Holdings
According to official news, MARA Holdings successfully raised $950 million through the issuance of 0% convertible bonds. The funds will be used to increase Bitcoin holdings, repay $50 million in old bonds, and for general corporate purposes.
Liminatus Pharma, a listed company, plans to raise $500 million to invest in BNB.
According to Business Insider, preclinical-stage biopharmaceutical company Liminatus Pharma, Inc. (NASDAQ: LIMN) announced today that it plans to strategically expand into the cryptocurrency and blockchain sectors. The company plans to establish a subsidiary called "American BNB Strategy" to lead its digital asset investment and management plan. Through this platform, Liminatus plans to raise and deploy up to $500 million in phases, with the goal of making strategic long-term investments in BNB. BTCS Inc. increased its holdings by 14,240 ETH, bringing its total holdings to 70,028 BTCS Inc., a Nasdaq-listed blockchain company, disclosed on the X platform that it has increased its holdings by 14,240 ETH, bringing its total holdings to 70,028, with a fair value of approximately $270 million based on an ETH price of $3,850. BTCS has completed the issuance of $10 million in convertible bonds. The conversion price for this financing was $13 per share, a 198% premium to BTCS's closing price on July 18, 2025.
Sequans Communications Increases Bitcoin Holdings by 755 Bitcoins, Bringing Total Holdings to 3,072 Bitcoins
According to an official announcement, French IoT semiconductor company Sequans Communications (NYSE: SQNS) has purchased an additional 755 Bitcoins for approximately $88.5 million, at an average price of $117,296 per Bitcoin (including fees). As of July 25, 2025, the company held a total of 3,072 Bitcoins, all of which were purchased using the net proceeds from the successful offering on July 7, 2025. The company's total net investment in Bitcoin is approximately $358.5 million, with an average purchase price of $116,690 per Bitcoin (including fees). Hyperion DeFi, a listed company, increased its holdings of 108,594 HYPE tokens HyperionDeFi (NASDAQ: HYPD) announced that it has purchased an additional 108,594 HYPE tokens, bringing its total HYPE holdings to 1,535,772, with an average purchase cost of $36.14 per token. The increase is intended to prepare for participation in the iHYPE (institutional-grade HYPE) liquidity staking pool on the Kinetiq platform. Views
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