The Ether Machine Purchases Nearly 15,000 ETH, Remaining $407 Million in Funds
The Ether Machine (NASDAQ: DYNX), a publicly traded company focused on Ethereum staking, announced that it has purchased nearly 15,000 ETH as part of its long-term accumulation strategy. This brings the total amount of ETH purchased and committed to 334,757, with $407 million remaining available for further ETH purchases. USDC Treasury destroyed 60 million USDC on the Ethereum chain. According to Whale Alert, USDC Treasury has just destroyed 60,000,000 USDC on the Ethereum chain, valued at approximately $59,988,360. CBOE Submits Universal Listing Standards for Crypto ETPs; Solana and XRP ETPs Expected to Launch in Q4 Alticoin Capital General Counsel Greg Xethalis stated on the X platform that the CBOE has submitted an application for universal listing standards for crypto ETPs, and the New York Stock Exchange and Nasdaq are expected to follow suit soon. The new rules allow crypto ETPs whose underlying contracts have been listed on designated contract markets for at least six months to be listed on the exchange, and also support staking. The Solana ETP is expected to be approved by October 10th at the latest, followed by the XRP ETP, with both expected to launch in Q4. Bloomberg ETF analyst Eric Balchunas retweeted that the U.S. Securities and Exchange Commission (SEC) has released "listing standards" for crypto ETPs (exchange-traded products) through new exchange filings. Any token tracked by futures on the Coinbase derivatives exchange for at least six months will be approved, which includes approximately a dozen major cryptocurrencies. Tokens without futures or emerging meme coins will need to go through separate regulatory processes. Market expectations are for approval in September or October. FTX/Alameda Wallet Just Stakes Over 20,000 ETH in Ethereum PoS According to Embers, 10 minutes ago, an FTX/Alameda Research wallet deposited 20,736 ETH (approximately $78.96 million) into Ethereum PoS for staking.
Microsoft is poised to join the $4 trillion club
Microsoft (MSFT.O) shares surged 8% in overnight trading. If this rally continues through Thursday's opening, it will become the second company, after Nvidia (NVDA.O), to have a market capitalization exceeding $4 trillion.
According to Onchain Lens, a whale or institutional address received another 32,855 ETH from FalconX, valued at approximately $124 million. The wallet currently holds a total of 113,029 ETH, valued at approximately $430 million. Cboe BZX and NYSE Arca propose to the SEC to streamline the crypto ETF listing approval process. According to The Block, Cboe BZX and NYSE Arca have submitted a new rule proposal to the U.S. Securities and Exchange Commission (SEC) proposing universal listing standards for cryptocurrency ETFs to expedite the approval process. Currently, exchanges must submit Form 19b-4, which can take up to 240 days to review. If approved, the new proposal would eliminate the need for separate applications for crypto ETFs that meet the criteria, potentially significantly shortening the time to market. A Cboe spokesperson stated that the SEC could make a decision within as little as 21 days. NYSE Arca has also submitted a similar rule change proposal, aimed at improving market efficiency and promoting competition.
Widow of renowned American country singer George Jones loses $17 million in XRP scam
According to FinanceFeeds, Nancy Jones, the widow of the late American country singer George Jones, lost approximately $17 million in a cryptocurrency scam involving XRP. The case occurred in Tennessee. Nancy Jones's ex-boyfriend, Kirk West, allegedly exploited his access to Nancy Jones's assets to steal over $400,000 in cash and a Ledger wallet containing over 5.5 million XRP tokens. Some of the stolen assets have been recovered, but approximately $1.5 million worth of cryptocurrency remains unaccounted for.
Trump Announces Trade Deal with South Korea: 15% Tariffs + $350 Billion in Investment
US President Trump announced on social media that the United States has agreed to a comprehensive and complete trade agreement with South Korea. The agreement requires South Korea to pay $350 billion to the United States for investment in American-owned and controlled projects, which will be personally selected by me as President. Additionally, South Korea will purchase $100 billion in liquefied natural gas (LNG) or other energy products, and South Korea has agreed to invest a significant amount for its investment purposes. This amount will be announced during South Korean President Lee Jae-myung's visit to the White House in the next two weeks. Both sides also agreed that South Korea will fully open trade with the United States and accept American products, including cars and trucks, and agriculture. We have agreed to impose a 15% tariff on South Korea. No tariffs will be imposed on the United States.
Invesco Galaxy Submits Application to Cboe for Listing of Solana Spot ETF
According to a Cboe BZX Exchange filing, Invesco Galaxy has submitted an application to the Cboe BZX Exchange in the United States to list and trade the Invesco Galaxy Solana ETF (Spot SOL Fund). The fund will track the spot price performance of Solana (SOL) and operate as a trust, aiming to provide US investors with regulated and transparent SOL investment. The filing indicates that the fund's assets will consist solely of SOL, cash, and equivalents, with the option to stake a portion of SOL on-chain for rewards. The application is currently awaiting approval from the US Securities and Exchange Commission (SEC). Coinbase to List Bio Protocol (BIO) According to Coinbase Assets, Coinbase will list the Bio Protocol (BIO) on the Ethereum network (ERC-20). Transfers of the asset are now available in regions supported by Coinbase and Coinbase Exchange. The BIO-USD trading pair will launch in phases starting at 9:00 PM Pacific Time on July 31st, subject to liquidity requirements. Restrictions may apply in some regions. Coinbase to List ResearchCoin (RSC) According to Coinbase Assets, Coinbase will list ResearchCoin (RSC) on the Base network. Transfers of this asset are now available in regions supported by Coinbase and Coinbase Exchange. The RSC-USD trading pair will launch in phases starting at 9:00 PM Pacific Time on July 31st, subject to liquidity requirements. Restrictions may apply in some regions. ResearchCoin is an independent research organization and is not affiliated with Coinbase.
Robinhood (HOOD.O) reported $160 million in crypto revenue in Q2 2025, compared to market expectations of $162.1 million. Robinhood's monthly active users in the second quarter reached 12.8 million, compared to market expectations of 14.25 million. Robinhood (HOOD) reported earnings per share of $0.42 in Q2 2025, exceeding analysts' expectations of $0.31. The company's total revenue increased 45% year-over-year to $989 million, also exceeding market expectations. Cryptocurrency trading revenue surged 98% year-over-year to $160 million, driving crypto trading volume to $28.3 billion this quarter. Robinhood's stock price has risen 177% so far this year, bringing its market capitalization to nearly $91 billion. The company recently acquired crypto exchange Bitstamp and Canadian platform WonderFi, further expanding its compliant business footprint in North America and Europe and launching tokenization services for stocks and ETFs. Meta's Q2 2025 revenue reached $47.52 billion, exceeding quarterly revenue expectations. Meta Platforms (META.O) reported Q2 2025 revenue of $47.52 billion (including $46.563 billion in advertising revenue in the second quarter), compared to $39.07 billion in the same period last year and exceeding market expectations of $44.764 billion. Meta's US stock surged 10% after hours on the back of its quarterly revenue exceeding expectations. Meta Platforms (META.O) expects third-quarter revenue to be between $47.5 billion and $50.5 billion. Year-over-year revenue growth is expected to be lower in the fourth quarter of 2025 than in the third quarter. Additionally, Meta raised the lower end of its fiscal 2025 capital expenditure forecast range as the company continues to increase investments in talent, infrastructure, data centers, and energy to stay competitive in the rapidly evolving AI race. Meta currently expects full-year capital expenditures to be between $66 billion and $72 billion, an increase from its previous forecast of $64 billion to $72 billion. In June 2025, Meta's average daily active users (DAP) were 3.48 billion, a year-over-year increase of 6%. Meta Platforms (META.O) has over 1 billion monthly active AI users.
The Federal Reserve held interest rates steady for the fifth consecutive meeting.
According to Jinshi, the Federal Reserve held its benchmark interest rate steady at 4.25%-4.50%, in line with market expectations and marking the fifth consecutive meeting where the rate remained unchanged. This decision was reportedly dissented by two Trump-appointed governors, Waller and Bowman, who both believed the current monetary policy was too tight. This marked the first time in over 30 years that two governors dissented from a resolution. The FOMC voted 9-2 to maintain the benchmark overnight rate in the 4.25%-4.50% range, marking the fifth consecutive meeting where the rate remained unchanged. The Fed stated in its statement: "The unemployment rate remains low, labor market conditions remain solid, and inflation remains moderately elevated." The statement also noted that economic growth "moderated somewhat" in the first half of the year, potentially strengthening the case for a rate cut at a future Fed meeting if this trend persists. However, the statement also emphasized that "uncertainty about the economic outlook remains elevated" and noted that both inflation and employment targets are subject to risks. This language reflects the Fed's reluctance to cut rates without clarity on the path of inflation and employment.
White House Releases Digital Asset Report; No Substantive Update on Bitcoin Reserve Program
The White House released its long-awaited digital asset report, outlining a national strategy to position the United States for global leadership in blockchain, cryptocurrency markets, and tokenized finance. While the report covers a wide range of digital asset policy, it does not provide a substantive update on the government's planned Bitcoin reserve, merely reiterating the language of President Trump's January executive order without outlining next steps or a timeline for implementation. The report follows an executive order signed by President Trump in January, which established an interagency working group on digital assets and emerging technologies such as artificial intelligence. Led by David Sacks, White House Director of Cryptocurrency and Artificial Intelligence, and Executive Director Bo Hines, the 166-page document incorporates input from the Treasury, Commerce, U.S. Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC), and lays out proposals to streamline regulation, support innovation, and modernize regulations. The report recommends that Congress enact legislation to empower the Commodity Futures Trading Commission (CFTC) to regulate the spot market for non-security digital assets and support the development of decentralized finance (DeFi) technologies. The report also calls on the SEC and CFTC to use their existing authorities to clarify the regulatory framework for digital asset trading and promote the implementation of innovative financial products. In addition, the working group recommends that regulators promote innovation related to digital assets in the banking industry, implement a federal regulatory framework for stablecoins, and strengthen anti-money laundering regulations to safeguard national security. The report emphasizes the need for the United States to ensure its leadership in digital assets and blockchain technology through legislative and regulatory innovation. Telegram's @crypto account receives $25 million acquisition offer, with its value surging 70-fold in two years. According to CoinDesk, a Telegram user who purchased the @crypto username for $350,000 in 2023 has received a $25 million offer for it, highlighting the surge in the value of tokenized usernames on the TON blockchain. Telegram CEO Pavel Durov stated that Telegram usernames are unique digital assets on the network, requiring no intermediaries and without the risk of confiscation.
Polygon Labs: The blockchain explorer is updating data, and the chain itself is not down.
Polygon Labs staff stated in a Discord thread that Polygonscan is updating data, and the chain itself is not down; only some RPC service providers need to update patches.
Market News: Hyperliquid Plans to Provide Automatic Refunds for Users Affected by API Issues
According to market news, Hyperliquid plans to provide automatic refunds for users affected by API issues. Previously, Hyperliquiquid announced on Discord that an issue with its API server occurred last night, resulting in delays in sending orders to its nodes. This was due to a surge in traffic, and no hacking attack or vulnerability exploitation occurred.
Source: Twenty One Capital is considering offering US dollar loans using Bitcoin as collateral
According to Bloomberg, a source familiar with the matter revealed that cryptocurrency firm Twenty One Capital is considering whether to offer US dollar loans using Bitcoin as collateral. A spokesperson for the company said: "Options are wealth. For us, everything is on the table because we believe we can do anything." Earlier news reported that Twenty One Capital's Bitcoin holdings had increased to 43,514, making it the world's third-largest corporate Bitcoin holder.
According to on-chain analyst Yu Jin, asset management platform Nexo redeemed 48,321 ETH (approximately $183 million) from ether.fi four hours ago and transferred it to Binance. Kraken's second-quarter revenue increased 18% year-over-year to $412 million. According to Bloomberg, crypto exchange Kraken reported second-quarter revenue growth, but adjusted earnings declined slightly as market share increased. The company stated that second-quarter revenue increased 18% year-over-year to $412 million, while adjusted pre-tax profit reached $79.7 million, down approximately 7% from $85.5 million, as the company invested in new products and geographic expansion. Kraken's total exchange trading volume reached $186.8 billion in the quarter, a 19% year-over-year increase. Kraken's number of funded accounts increased 37% to 4.4 million. Kraken Co-CEO Arjun Sethi said in an interview: "We're not just riding the cycle, we're taking more market share. Our market share is increasing across the board." Earlier today, news broke that Kraken was seeking $500 million in funding at a $15 billion valuation. Trump: The Fed must cut interest rates, second-quarter GDP data is much better than expected. According to Jinshi, Trump said the Federal Reserve must cut interest rates. Second-quarter GDP data has just been released and is much better than expected.
According to Jinshi, the preliminary estimate of the annualized quarterly growth rate of US real GDP in the second quarter was 3%, in line with expectations of 2.4%, and the previous reading was -0.50%. JPMorgan Chase and Coinbase are partnering to make it easier for Chase customers to buy cryptocurrency. According to crypto journalist Eleanor Terrett, JPMorgan Chase and Coinbase are partnering to make it easier for Chase customers to buy cryptocurrency, according to a press release from the bank. JPMorgan Chase customers will soon be able to use their Chase credit cards to fund their Coinbase accounts. Direct bank-to-Coinbase transfers will launch by 2026, along with the ability to redeem Chase Ultimate Rewards points 1:1, marking the first time a major bank's rewards program can be used to purchase cryptocurrency.
Trump Says Tariff Deadline Will Not Be Extended
According to Jinshi, US President Trump said on social media: "The August 1st deadline is the August 1st deadline - it's rock solid and there will be no extensions. This is a huge day for America!!!"
Binance Alpha to List Towns (TOWNS)
According to the official announcement, Binance Alpha will list Towns (TOWNS) on August 5th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page, once trading opens. More details will be announced soon. Falcon Finance Receives $10 Million Strategic Investment from World Liberty Financial According to Investing, Falcon announced on Wednesday that World Liberty Financial, a crypto firm associated with Trump, has made a $10 million strategic investment in Falcon Finance, a digital token infrastructure platform. The funds will accelerate its operations to allow for seamless conversions between its stablecoin and another stablecoin backed by World Liberty. The Falcon USD stablecoin, or USDf, reportedly reached $1 billion in circulation on Tuesday.
According to Cointelegraph, Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill will plead guilty to US charges related to their cryptocurrency mixing service.
