Today's news tips:
Tesla's Q2 financial report shows that its Bitcoin holdings have risen to $1.2 billion
GoPlus Launches 500 Million GPS Token Security Fund
Lido’s share of the ETH staking market has dropped to 25%, a three-year low
Statistics: Recently, 7 new wallets have accumulated a total of 466,253 ETH, worth 1.7 billion yuan
Regulatory/Macro
The White House's first encryption policy report will be released publicly on July 30
Bo Hines, executive director of Trump’s Digital Asset Advisory Committee, said on the X platform that the President’s Digital Asset Task Force has completed a 180-day report (the first crypto policy report) and will be publicly released on July 30.
Ghana’s Central Bank plans to launch crypto regulatory framework to promote digital assets
The Central Bank of Ghana plans to introduce a licensing system for crypto platforms to regulate digital assets and capture related revenues. Central Bank Governor Johnson Asiama revealed that the regulatory framework is expected to be submitted to Parliament for review in September this year. The new bill aims to use cryptocurrencies to promote cross-border trade, attract strategic investments, and collect financial data to promote the development of the country's digital asset sector. Earlier news, the Governor of the Central Bank of Ghana: Ghana is finalizing the regulatory framework for cryptocurrency transactions.
Bitcoin Volatility Index and S&P 500 VIX 90-Day Correlation Hits All-Time High
According to CoinDesk, data shows that the 90-day correlation coefficient between the Bitcoin 30-day implied volatility index (BVIV/DVOL) and the S&P 500 volatility index (VIX) hit a record high of 0.88, indicating that the linkage between the cryptocurrency market and the volatility of US stocks has significantly increased. The current correlation coefficient remains at a high of 0.75. Analysts pointed out that this phenomenon reflects that Wall Street institutions are dominating this round of crypto market cycles. Markus Thielen, founder of 10x Research, said that institutional investors have compressed volatility by selling a large number of call options, making Bitcoin price movements increasingly affected by the risk appetite of traditional markets. Since the beginning of this year, the BVIV index has dropped from 67% to 42%, while the price of Bitcoin has risen by 26% during the same period, breaking the historical pattern of the two fluctuating in the same direction.
Tron Inc. Announces It Will Ring the Nasdaq Opening Bell on July 24
According to Globenewswire, Tron Inc. (NASDAQ: TRON) announced that it will hold an opening bell ceremony at the Nasdaq MarketSite in Times Square, New York on July 24, Eastern Time, hosted by Justin Sun, TRON founder and global advisor to Tron Inc. This marks the company's official transformation into a technology company focused on blockchain and digital asset innovation. The company said that this bell ringing is not only an important milestone in the development of Tron Inc., but also highlights its long-term vision of driving shareholder value growth through innovation and strategic leadership. The company, formerly known as SRM Entertainment, is currently the listed company with the most TRX tokens.
Appeals Court Rules NFTs Qualify for Trademark Protection, Yuga Labs Case Remanded for Retrial
According to The Block, the U.S. Court of Appeals for the Ninth Circuit made an important ruling in the case in which Yuga Labs sued artist Ryder Ripps, stating that NFTs are "goods" under the Lanham Act and can be protected as trademarks as "goods." The court upheld Yuga Labs' trademark claim to the Bored Ape Yacht Club NFT, but revoked the previous fine of more than $8 million against Ripps, requiring the lower court to re-examine the question of whether RR/BAYC caused consumer confusion. The case began in June 2022, when Yuga Labs accused Ripps of devaluing its brand value by issuing the RR/BAYC series of NFTs. The court rejected Ripps' defense of "expressive art" and First Amendment protection, but believed that further evidence was needed to prove the possibility of consumer confusion.
According to PR Newswire, FTX announced that the registration date for the next round of compensation will be August 15, and it is expected to be implemented on September 30. This round of compensation is for approved fifth-category customer claims, sixth-category ordinary unsecured claims, and newly approved convenience claims since the last compensation. At the same time, the court approved the reduction of the disputed claims reserve from US$6.5 billion to US$4.3 billion, releasing US$1.9 billion for this round of compensation. The compensation will be executed through BitGo, Kraken and Payoneer. Creditors must complete KYC verification, submit tax forms and choose a designated compensation channel before August 15. For the transfer of claims, the procedures must be completed before the registration date and the 21-day objection period must be passed. After the funds arrive in the service provider's account, they will be managed by the creditor.
Trump: Simple tariffs of 15% to 50% will be imposed on most countries
According to Jinshi, on the 23rd local time, US President Trump said that simple tariffs of 15% to 50% would be imposed on most other countries in the world. Trump also said that the United States is in serious negotiations with the European Union and will allow them to pay lower tariffs if they agree to open up to American companies.
Viewpoint
According to Cointelegraph, the CEO of KeyCorp Bank, which has an asset size of $185 billion, said, “As long as our customers have demand for cryptocurrencies and want to use them as a means of storing value and hold them in their wallets, we will meet this demand (provide corresponding services).
CryptoQuant: Investors are shifting funds from Bitcoin to Ethereum and altcoins
CryptoQuant posted on the X platform: "For the first time in more than a year: Ethereum spot trading volume exceeds Bitcoin. Last week, Ethereum spot trading volume reached US$25.7 billion, while Bitcoin spot trading volume was US$24.4 billion, making the ETH/BTC spot trading volume ratio exceed 1 for the first time since June 2024. Investors are turning their funds to Ethereum and various altcoins."
Alon, co-founder of Pump.fun, said in the live broadcast: "We are eager to reward the community that has supported our platform over the past year and a half, and our goal is to ensure that this airdrop event goes smoothly and makes it meaningful. This will provide us with an excellent opportunity to strengthen our ecosystem, increase trading volume, and maintain activity over a longer period of time. This is critical to re-attracting attention and stimulating interest. Although the PUMP airdrop will not happen immediately, we will share the schedule and details as soon as possible."
According to Bloomberg, Tether Holdings SA plans to resume operations in the United States, focusing on the U.S. institutional market, after the passage of landmark cryptocurrency legislation in the United States. The company's CEO Paolo Ardoino said that Tether's domestic strategy in the United States will provide efficient stablecoins for payments, interbank settlements and transactions. Ardoino said that Tether is not interested in becoming a public company, and as it plans to expand into the United States, it will continue to focus on emerging markets where it may have advantages over its competitors.
Project News
Binance Alpha Phase 1: 125 ASP tokens airdrop available for those with more than 225 points
Binance announced that it has become the first exchange to list the Aspecta (ASP) token, and trading will begin at 18:00 on July 24, 2025 (GMT+8). Eligible users can apply for an airdrop of 125 ASP tokens through Binance Alpha Points within 24 hours after trading begins. The airdrop activity is divided into two phases: in the first phase, you must hold at least 225 Alpha Points in the first 18 hours; in the second phase, you must hold at least 200 Alpha Points in the last 6 hours.
GoPlus Launches 500 Million GPS Token Security Fund
GoPlus announced the establishment of a 500 million GPS token security fund, which aims to transform Web3 security from cost to shared value by rewarding users, developers and project parties for their security contributions. The fund is divided into a 400 million GPS token basic reward pool and a 100 million token bounty pool. Users can earn income by staking tokens, and contributors can receive up to 10,000 GPS tokens for submitting security reports. The fund supports innovations such as the development of decentralized security models, and ensures long-term stable returns through dynamic replenishment of reward pools and transparent data.
Solana prepares to increase block limit to 100 million CUs via SIMD-0286
According to Cointelegraph, Solana is preparing to achieve another major capacity increase through SIMD-0286, proposing to increase the block limit from 6,000 CUs to 100 million CUs, a significant increase of 66%. Earlier today, Solana had implemented SIMD-0256 yesterday, increasing the block limit by 20%.
Important data
Lido’s share of the ETH staking market has dropped to 25%, a three-year low
According to Tom Wan citing Dune data, Lido's share of the Ethereum staking market has fallen to 25%, the lowest point since March 2022.
According to Lookonchain monitoring, a PUMP private equity investor "PUMP Top Fund 2" mistakenly recharged 2 billion PUMP to Binance 8 days ago, when the price of PUMP was $0.0064. Since Binance did not launch PUMP spot trading, the 2 billion PUMP (worth $6.93 million today) was likely returned to him 23 hours ago. He immediately transferred the 2 billion PUMP to Bybit after receiving it. This operational error caused him to miss the best time to sell, and if he chose to sell now, he might have lost about $6 million.
According to Onchain Lens, in the past 48 hours, a whale sold multiple Base ecosystem tokens, with a cumulative loss of $5 million: 1.08 million VIRTUALs were sold for 1.87 million USDC, with a loss of $1.73 million (original purchase price of $3.59 million); 5.75 million AIXBTs were sold for 951,000 USDC, with a loss of $1.7 million (original purchase price of $2.655 million); 4.47 million GAMEs were sold for 188,000 USDC, with a loss of $1.19 million (original purchase price of $1.375 million); 38,443.75 VVVs were sold for 123,000 USDC, with a loss of $379,000 (original purchase price of $502,000). Note: These tokens were purchased between December 2024 and January 2025.
According to SoSoValue data, yesterday (July 23, Eastern Time), the Ethereum spot ETF had a total net inflow of $332 million. The Ethereum spot ETF with the largest net inflow in a single day yesterday was Blackrock ETF ETHA, with a single-day net inflow of $325 million. Currently, ETHA has a total net inflow of $8.908 billion. The second is VanEck ETF ETHV, with a single-day net inflow of $3.9548 million. Currently, ETHV has a total net inflow of $170 million. As of press time, the total net asset value of the Ethereum spot ETF is $19.683 billion, and the ETF net asset ratio (market value to the total market value of Ethereum) is 4.57%, and the historical cumulative net inflow has reached $8.651 billion.
According to SoSoValue data, yesterday (July 23, Eastern Time), the total net outflow of Bitcoin spot ETFs was $85.9628 million. The Bitcoin spot ETF with the largest net inflow in a single day yesterday was Blackrock ETF IBIT, with a net inflow of $143 million in a single day. Currently, the total net inflow of IBIT has reached $57.116 billion. The second largest was Grayscale Bitcoin Mini Trust ETF BTC, with a net inflow of $10.4887 million in a single day, and the total net inflow of BTC has reached $1.655 billion. The Bitcoin spot ETF with the largest net outflow in a single day yesterday was Fidelity ETF FBTC, with a net outflow of $227 million in a single day, and the total net inflow of FBTC has reached $12.32 billion. As of press time, the total net asset value of the Bitcoin spot ETF was US$153.25 billion, the ETF net asset ratio (market value as a percentage of the total market value of Bitcoin) was 6.53%, and the historical cumulative net inflow has reached US$54.465 billion.
Statistics: Recently, 7 new wallets have accumulated a total of 466,253 ETH, worth 1.7 billion yuan
According to Lookonchain monitoring, multiple new wallets have purchased a total of 40,591 ETH (worth 148 million yuan) today. Recently, 7 new wallets have accumulated a total of 466,253 ETH (worth 1.7 billion yuan). Specific details: The address 0x8eEa received 138,345 ETH (worth 505 million yuan) from FalconX in the past 5 days; the address 0x9684 received 122,691 ETH (worth 448 million yuan) from FalconX in the past 13 days; the address 0x35fb withdrew 103,274 ETH (worth 377 million yuan) from Kraken in the past 15 days; the address 0x3dF3 received 43,787 ETH (worth 160 million yuan) from Galaxy Digital in the past 5 days; the address 0xD479 withdrew 32,902 ETH (worth 120 million yuan) from Kraken in the past 5 days; the address 0xf877 withdrew 12,913 ETH (worth 47 million yuan) from Kraken in the past 10 days; the address 0x6A95 withdrew 12,341 ETH (worth 45 million yuan) from Kraken in the past 9 days.
Financing/Acquisition
Gaia Labs raises $20 million to launch first AI-native smartphone
Gaia Labs, a decentralized AI infrastructure developer, announced the completion of a total of $20 million in seed and Series A financing. This round of financing was led by ByteTrade/SIG Capital (Susquehanna) and Mirana/Mantle Eco Fund, and participated by EVM Capital, Taisu Ventures, NGC Ventures and other institutions. Gaia Labs currently supports more than 700,000 active nodes, with a cumulative inference of more than 17 trillion times, and the network covers thousands of App-Chain domains and blockchain ecosystems. The new round of funds will be used to launch decentralized AI smartphones, expand node capacity, improve development toolkits and promote Web3 integration. Gaia Labs plans to release a limited number of smartphones equipped with local AI inference capabilities this year. The Gaia AI Phone is based on the Galaxy S25 Edge hardware and can run decentralized AI inference locally without relying on the cloud or data extraction, enabling users to fully control the agent.
Institutional Holdings
Japanese AI company Quantum will invest up to 3,000 bitcoins in 12 months, exceeding 50 billion yen
Quantum Solutions, a Japanese listed company, announced that it will invest up to 3,000 bitcoins (about 53.85 billion yen) in the next 12 months to officially enter the cryptocurrency field. The company said that this move is aimed at responding to the expansion of the global crypto market and the popularity of Bitcoin as "digital gold", while diversifying assets, reducing exchange rate risks and hedging inflation. Quantum plans to invest about 1.48 billion yen initially and will gradually implement it using borrowed funds. If the goal is achieved, the company will become one of the representatives of Japanese listed companies with a high level of Bitcoin holdings.
Satsuma (formerly Tao Alpha) raises over £100 million to promote AI and Bitcoin deployment
Satsuma (formerly Tao Alpha), a listed company, announced that it has completed the fundraising of convertible bonds worth more than 100 million pounds and started the third round of financing. The minimum subscription threshold has been reduced to 100,000 US dollars and is expected to end on July 28. The funds will be used to expand the business and promote the construction of Bitcoin and decentralized AI infrastructure. CEO Henry Elder has officially joined the board of directors as executive director.
New Solana Treasury Company Accelerate Plans to Raise $1.5 Billion, Joe McCann to Become CEO
According to Unchained, Joe McCann, founder of crypto hedge fund Asymmetric, will serve as CEO of the newly established Solana treasury company Accelerate. The company plans to go public through a SPAC merger and intends to raise $1.5 billion in funds, of which $800 million will come from PIPE financing and $358.8 million will come from SPAC shell companies. If the fundraising is successful, Accelerate is expected to become the largest SOL treasury company with 7.32 million SOL (currently worth about $1.36 billion). Informed investors revealed that Accelerate's fundraising plan has been in preparation for several months, and the transaction is expected to be completed by the end of 2025.
Tesla's Q2 financial report shows that its Bitcoin holdings have risen to $1.2 billion
According to CoinDesk, Tesla (TSLA) financial report shows that with the 30% increase in the price of Bitcoin in the second quarter of this year, its Bitcoin holdings are currently worth about $1.2 billion, thanks to the adjustment of US accounting standards on the treatment of digital assets, which is quite beneficial to Tesla. According to BitcoinTreasuries.Net data, Tesla currently holds 11,509 Bitcoins, making it the tenth largest listed company holding Bitcoin on its balance sheet. Previously, corporate holders were required to report crypto assets at the minimum value during the holding period, which could not reflect the market recovery. Even if Bitcoin rebounded, the gains were not reflected on the balance sheet. The new standards approved by the US Financial Accounting Standards Board allow companies to report the fair value of cryptocurrency holdings on a quarterly basis starting in the first quarter of 2025. Now Tesla can recognize earnings on a quarterly basis, giving shareholders a clearer understanding of asset performance.
