A whale withdrew 5,180 ETH from Binance in the past 36 hours and deposited it into Aave V3
According to Onchain Lens, a whale withdrew 5,180 ETH (worth $12.57 million) from Binance in the past 36 hours and deposited it into Aave V3 after 7 months of dormancy.
Cryptocurrency trading platform XeggeX announces it will close and file for bankruptcy
Crypto trading platform XeggeX announced on its official website that due to a hacker attack in February and other recent problems, XeggeX will be closed and file for bankruptcy. More information and legal contact information will be announced soon.
Across accused of rigging votes to siphon $23 million from DAO coffers for private company
GlueNet co-founder Ogle posted on the X platform that the cross-chain protocol Across Protocol team allegedly used secret voting to extract about $23 million from the Across DAO treasury for its private company Risk Labs. In October 2023, Kevin Chan, head of the Across project, submitted a proposal to the DAO to transfer 100 million ACX tokens (currently worth about $15 million) to Risk Labs, claiming that this was a strategic investment in the future of Across Protocol and promising that the tokens would not be sold within two years. However, on-chain analysis shows that Kevin and team members used multiple secret wallets to participate in the vote, creating the illusion of broad community support. Less than a year later, the team again made a "retroactive grant" request for 50 million $ACX (currently worth about $7.5 million). More worryingly, the team was accused of selling the token option agreement in the first proposal to "strategic investors" without disclosure, contrary to the original promise. Ogle believes that this move harms the interests of ACX holders and intensifies future selling pressure. He stressed that DAOs should prohibit internal personnel from voting on their own proposals, and if they need to vote, they must disclose conflicts of interest. There are many chaos in the DAO field in the crypto field, and internal threats are great, and the industry urgently needs to strengthen governance.
Grayscale updates Q3 Top 20 asset list: adds AVAX and MORPHO and removes LDO and OP
Grayscale Research has updated its list of Top 20 assets for the third quarter of 2025, adding AVAX and MORPHO to its top 20 assets while removing LDO and OP.
Galaxy and Manifold deposited 30 million USDC in HyperLiquid and started buying HYPE
According to Onchain Lens monitoring, two institutions, Galaxy and Manifold, deposited a total of 30 million USDC into HyperLiquid and began to purchase HYPE.
Agora CEO questions Anchorage's rating report that lists AUSD as a high-risk asset
According to The Block, Nick van Eck, CEO of stablecoin issuer Agora, questioned the "Stablecoin Security Rating Matrix" released by Anchorage Digital, which listed AUSD as a high-risk asset. van Eck accused Anchorage of bias in its ratings because of its commercial cooperation with stablecoin companies such as Paxos. Anchorage previously delisted AUSD and USDC on the grounds of "structural risks", but van Eck called it retaliation because Agora refused to use its fee-based service products. Anchorage responded that the rating was entirely based on publicly disclosed information, and the evaluation dimensions included reserve composition, bank partners and regulatory compliance. In its rating, PayPal's PYUSD and Paxos' USDP ranked first, followed by USDT, RLUSD, etc. Agora disclosed that its reserves were held by State Street Bank and VanEck served as an investment manager.
According to on-chain analyst Yu Jin’s monitoring, a certain ETH staking whale/institution pledged 40,128 ETH in March last year and redeemed these ETH a month ago. Then in the past two weeks, a total of 41,400 ETH (worth $100 million) was dispersed and transferred to multiple CEXs, mainly HTX. However, when they pledged last year, the price of ETH was around $3,227, and now the price of ETH is only $2,417. In other words, they have lost $28.8 million after staking for more than a year.
A whale deposited 1,613 bitcoins worth $173 million into Binance
According to Lookonchain monitoring, the giant whale 3NVeXm has just deposited 1,613 bitcoins (worth $173 million) into Binance.
FBI undercover paid $250 in Bitcoin to help catch serial hacker IntelBroker
According to The Block, the FBI assisted in the capture of British citizen Kai West (aka "IntelBroker"), who was suspected of serial hacking. West and his accomplices are suspected of selling data stolen from more than 40 victims, mainly using the privacy coin Monero. In January 2023, an undercover law enforcement officer offered West $250 in Bitcoin to purchase the victim's data, and West accepted the payment, a key move that allowed the police to track him down. Experts at blockchain forensics company TRM Labs said that this case highlights the progress of law enforcement agencies in the field of encryption and the use of traditional undercover methods in blockchain crime investigations. West was arrested in France in February this year and is awaiting extradition. He faces multiple charges. The FBI estimates that his hacking behavior caused a total loss of about $25 million to the victims.
India's top ruling party spokesman calls for Bitcoin reserve pilot
According to Bitcoin News, Pradeep Bhandari, a senior spokesperson for India’s ruling Bharatiya Janata Party (BJP), called on India to launch a Bitcoin reserve pilot project, calling it a strategic move towards economic resilience.
According to DL News, Ripple's Chief Technology Officer David Schwartz revealed that the company is promoting multiple acquisitions, involving multiple stages from early to late stages. Schwartz pointed out that traditional financial institutions are currently lacking interest in mergers and acquisitions in the crypto field, creating a strategic acquisition window for Ripple. At the same time, the technical team is upgrading the XRP Ledger blockchain, planning to enhance "programmability" and launch a lending protocol, but will maintain its focus on payment features that distinguish it from general chains such as Ethereum. In April this year, the company acquired broker Hidden Road for $1.25 billion, and previously acquired custody companies Metaco ($250 million) and Standard Custody.
Coinbase CEO: The company is buying more Bitcoin every week
In response to Nakamoto founder David Bailey's suggestion that "Coinbase needs to build a proper Bitcoin vault," Coinbase CEO Brian Armstrong responded: "We are buying more Bitcoin every week."
CoreWeave once again proposes to acquire Bitcoin mining company Core Scientific
According to The Block, citing the Wall Street Journal, cloud computing company CoreWeave has again proposed to acquire Bitcoin mining company Core Scientific, and the transaction may be completed within a few weeks. This is CoreWeave's second attempt to acquire after its $1 billion ($5.75 per share) acquisition offer in June 2024 was rejected. Influenced by this news, Core Scientific's stock price soared 28% that day, and its market value rose to approximately $3.6 billion. Core Scientific went public through a SPAC merger in January 2022, filed for bankruptcy protection in December of the same year due to the plunge in Bitcoin, and re-listed on Nasdaq after completing the reorganization last year. The two companies have previously signed a multi-year cooperation agreement, and Core Scientific will provide CoreWeave with approximately 200 megawatts of infrastructure to support its high-performance computing services. If this acquisition is successful, it will accelerate the integration of AI and cryptocurrency mining infrastructure.
According to CoinDesk, Tim Scott, chairman of the U.S. Senate Banking Committee, told Bo Hines, a White House cryptocurrency adviser, that the crypto market structure bill will be completed by September 30. This timetable is later than President Trump's goal of completing it before the August congressional recess, but earlier than Senator Cynthia Lummis's previous prediction of completing it by the end of the year. Scott said at a press conference that "completing market structure legislation by the end of September is a realistic expectation," and Lummis supported this.
According to crypto journalist Eleanor Terrett, Bo Hines, White House digital asset policy adviser, confirmed that the United States is working on building the infrastructure for strategic Bitcoin reserves. He pointed out that although Trump's executive order issued in March this year did not force the Treasury Department to publish a report on the current US government's Bitcoin (BTC) holdings, the US government may choose to publish it publicly. He also added that the US government is "very inclined" to increase its Bitcoin holdings in a budget-neutral way.
Bakkt Holdings has submitted a $1 billion shelf offering application to the U.S. Securities and Exchange Commission (SEC). The proceeds from this fundraising are expected to be used for working capital and general corporate purposes. Part of the funds may also be allocated to Bitcoin or other digital assets based on the updated investment policy. Note: Shelf offering refers to a mechanism whereby the issuer registers once and issues multiple times based on the registration system for securities issuance.
Dinari becomes first US platform approved to offer tokenized stocks
According to Reuters, the US startup Dinari has obtained broker-dealer registration for its subsidiary, becoming the first tokenized equity platform approved to provide blockchain stock trading in the United States. Dinari will provide stock trading services to US investors through blockchain technology. Unlike traditional retail brokers, Dinari integrates its services into other companies' platforms and does not directly target end customers. Industry insiders believe that tokenized stocks are expected to reduce transaction costs, speed up settlement, and enable round-the-clock trading. Currently, companies such as Coinbase and Kraken are also actively exploring related businesses. However, the World Economic Forum pointed out that insufficient liquidity in the secondary market and the lack of global unified standards are still the main challenges facing this field.
Coinbase Derivatives Exchange to Launch American Perpetual Contracts on July 21
According to the Coinbase blog, Coinbase Derivatives Exchange will launch US-style perpetual futures products on July 21, including nano Bitcoin (0.01 BTC) and nano Ethereum (0.10 ETH) perpetual contracts. The contract is designed to emulate the functions of global perpetual contracts while complying with US regulatory standards. The product is a forward futures contract (expiring in 5 years), supports 24-hour uninterrupted trading, and introduces a funding rate mechanism to keep futures prices closely linked to the spot market. Funding costs are accumulated hourly and settled twice a day at a specified time. At the time of settlement, the accumulated funding costs are uniformly transferred to or deducted from the trader's account. This is the first batch of such products in the US market, aiming to fill the gap in the local derivatives market.
Spark announced that the SNAPS airdrop is now live, and approximately 5 million SPK tokens will be distributed to the first 500 participants in the Spark SNAPS event. Users can check their eligibility and claim their rewards through the designated link.
Paypal CEO: Creating real stablecoin use cases for customers
Paypal (PYPL.O) CEO: Creating real stablecoin use cases for customers.
Rodrigo Araújo joins Plasma as Head of Protocol Engineering Team
Rodrigo Araújo posted on X that he has joined the Plasma Foundation as the head of the protocol engineering team. He said that although there are many interesting and exciting projects in the industry, he chose Plasma because he recognized its vision and potential to have a positive impact on the world. Rodrigo believes that the core application of blockchain should return to "capital flow", and the Plasma team is committed to building infrastructure and applications for global stablecoin payments, providing zero-fee USD₮ transfers, ultra-fast settlements, and custom Gas tokens. Currently, the Plasma network has locked in $1 billion in USD₮ liquidity, the public beta network is about to go online, and the main network beta version will be launched later.
Taurus launches open-source stablecoin privacy technology based on USDC
According to CoinDesk, Swiss crypto custody technology company Taurus has launched a stablecoin privacy layer based on zero-knowledge proof (ZKP), which first supports Circle's USDC. The technology is based on the privacy-oriented Aztec Network and can realize encrypted transactions and balances that can only be read by authorized parties such as issuers and regulators, effectively preventing unauthorized monitoring and user information leakage.
Coinbase shares rose 4%, Circle gained 12.5%
U.S. stock market shows: Coinbase (COIN.O) stock price rose 4%, breaking through $270, setting a record high since its listing in 2021. Circle (CRCL) rose 12.5% and is now trading at $223 per share.
Canada's banking regulator: ready to regulate stablecoins, regulatory framework is being developed
Canada's banking regulator: Ready to regulate stablecoins; regulatory framework is being developed.
Kraken Launches Krak, a Global Multi-Purpose Financial Application
According to CoinDesk, the cryptocurrency exchange Kraken has released a blockchain-driven global financial application, Krak. The application supports users to make instant and low-cost transfers between 110 countries using more than 300 cryptocurrencies, stablecoins and fiat currencies, and can earn up to 10% on account balances. Kraken said that Krak aims to break down the barriers of traditional finance and simplify the cross-border transfer process, without having to fill in bank information or wallet addresses to complete the operation.
US court dismisses joint motion by SEC and Ripple, case will continue to move forward
According to Eleanor Terrett, citing court documents, Analisa Torres, a judge at the U.S. District Court for the Southern District of New York, ruled to dismiss the "indicative ruling" motion jointly filed by the U.S. Securities and Exchange Commission (SEC) and Ripple. The SEC previously requested the court to permanently prohibit Ripple from violating securities laws and impose heavy fines, but the court did not accept it and ordered the termination of the motion, and the case trial will continue.
Aqua 1 Announces $100 Million Strategic Investment in WLFI Governance Token
Web3 native fund Aqua 1 announced that it has strategically purchased $100 million of World Liberty Financial (WLFI) governance tokens, aiming to participate in the governance of the decentralized financial platform and accelerate the construction of the blockchain financial ecosystem. In addition, Aqua 1 also plans to set up Aqua Fund in the Middle East to promote the transformation of the regional digital economy and jointly incubate the RWA tokenization platform BlockRock with WLFI.
YZi Labs announced that it has invested in the decentralized entertainment platform MEET48 through the BNB Chain MVB Accelerator, supporting it to increase fan engagement with the $IDOL token mechanism. MEET48 integrates virtual performances, idol management games and offline activities, aiming to reach more than 30 million fans in Asia, and plans to hold a large-scale Web3 idol performance festival in Hong Kong on August 2.
Israel has estimated the damage from its 12-day war with Iran at 10 billion shekels ($3 billion), including the money needed to repair buildings hit and pay compensation to local businesses. Calculations released this week by Israel's Finance Ministry and tax authorities show that Iran breached Israel's air defenses during nearly two weeks of rocket attacks. The amount does not include the cost of replacing weapons and defense systems in Israel during the operation, which is likely to rise sharply once an assessment is completed. Finance Minister Bezalel Smotrich said total losses could be as high as $12 billion. The Bank of Israel expects economic growth of 3.5% this year, but that figure could be affected by the recent war.
Brazil's central bank seeks public opinions on virtual asset accounting standards
According to the official website of the Central Bank of Brazil, the Central Bank of Brazil recently issued a draft regulatory resolution and launched a public consultation on the accounting recognition, measurement, cancellation and disclosure standards of virtual assets and utility tokens of financial institutions. The move aims to improve the transparency, comparability and quality of relevant accounting information. The public can submit opinions and suggestions through the official website of the Central Bank or the government's "Participa + Brasil" platform before August 24, 2025.
China Renaissance Capital announces $100 million investment in Web3.0 and cryptocurrency
According to the announcement document of the Hong Kong Stock Exchange, the board of directors of China Renaissance Capital Holdings decided to enter the field of Web3.0 and cryptocurrency assets, and approved a total budget of US$100 million, which is planned to be used for the group's development of Web3.0 business and investment in cryptocurrency assets in the next two years. The announcement pointed out that the group will increase its investment in stablecoins, RWA (real world assets) and cryptocurrency ecosystems based on its successful investment in Circle Internet Group and several cryptocurrency companies' IPOs and multiple rounds of financing, and actively promote the application and upgrade of relevant business licenses.
Galaxy Completes First External Fund Raising $175 Million
According to Fortune, crypto giant Galaxy announced the completion of its first venture capital fund raising, with a total of $175 million, exceeding the original $150 million target. This fund is the first time Galaxy has introduced external capital, focusing on investments in areas where traditional finance and blockchain meet, such as stablecoins and decentralized finance. Galaxy has deployed about $50 million in projects such as Monad and Ethena.
