BlockBeats will summarize key industry news from the week of July 28 to August 3 in this article, and recommend in-depth articles to help readers better understand the market and grasp industry trends.
Important News Review
This Week's Market Continues to Adjust, Bitcoin Falls Below $112,000, and Previously Strong Altcoins Experience a General Decline
On August 3, Bitcoin briefly fell below $112,000, with a 24-hour decline of 0.55%. Ethereum briefly dropped below $3,360, with a 24-hour decline of 2.42%. Along with the market adjustment, previously strong altcoins also saw widespread declines, including: VINE with a daily drop of 29.8%; ZORA with a daily drop of 15.6%; and ENA with a daily drop of 9.7%. According to Coinglass data, on August 1, the total liquidation of long positions across the network reached $922.2 million, marking the largest liquidation day for long positions since February 25 of this year. Notably, after February 25, the market experienced a decline and consolidation lasting over two months. Related articles: “Bitcoin Falls Below $115,000, Is It a Delayed Response to the Sale of 80,000 BTC?”, “Bull Market Hits Pause: Institutional Buying Fails to Halt Market Adjustment, Short-term Volatility May Continue”
White House Officially Releases Digital Asset Report, No Substantial Update on Bitcoin Reserve Plan
On July 31, the White House released the long-awaited digital asset report, which outlines a national strategy aimed at positioning the U.S. as a global leader in blockchain, cryptocurrency markets, and tokenized finance. Although the report covers a wide range of digital asset policy areas, it does not provide substantial updates on the government's planned Bitcoin reserve, merely reiterating statements from President Trump's January executive order without listing subsequent steps or implementation timelines. This 166-page document was led by David Sacks, head of cryptocurrency and AI affairs at the White House, and Executive Director Bo Hines, integrating opinions from the Treasury Department, Commerce Department, SEC, and CFTC, listing several proposals regarding regulatory simplification, support for innovation, and regulatory modernization. Related articles: “Interpreting the White House Digital Asset Report: Regulatory Clarity, Embracing DeFi and Innovative Financial Products”
Federal Reserve Maintains Interest Rates This Week, but Two Governors Vote Against the Decision for the First Time in Over 30 Years
On July 31, the Federal Reserve decided to maintain interest rates, with rare dissent during the decision-making process, and the statement did not clarify when a rate cut might occur. The decision faced opposition from two governors appointed by Trump—Waller and Bowman—who both believe the current monetary policy is too tight. This marks the first time in over 30 years that two governors have voted against a decision. The FOMC voted 9 to 2 to keep the benchmark overnight rate in the range of 4.25%-4.50%, maintaining the status quo for the fifth consecutive meeting. Related articles: “First Time in 32 Years the Federal Reserve Has Two Dissenting Votes, What Signals Does This Send?”
U.S. SEC Launches Project Crypto Initiative to Promote On-Chain Financial Markets
On August 1, Reuters reported that the U.S. Securities and Exchange Commission (SEC) has launched the Project Crypto initiative, aimed at modernizing securities regulations and enabling U.S. financial markets to transition to on-chain operations. Related articles: “Full Text of SEC Chair’s Speech on ‘Project Crypto’: Comprehensive Migration of U.S. Financial Markets to On-Chain”, “Project Crypto Debuts, Who Will Be the Biggest Winner in the New On-Chain Order in the U.S.?”
SEC Updates Cryptocurrency ETP Listing Standards, Potentially Signaling Approval of Numerous Crypto ETFs
On July 31, the SEC's updated listing standards for cryptocurrency ETPs were released through new trading platform filing documents. The documents indicate that any token/ETF listed on the Coinbase derivatives trading platform, with futures trading lasting over six months, is likely to receive approval. Market analyst @qinbafrank noted that the significance of this major change includes: the imminent approval of a large number of crypto asset spot ETFs; Coinbase being the biggest beneficiary, as its crypto futures launch will be sought after by various project parties; and the SEC's review authority for crypto asset spot ETFs being shifted to the CFTC, as the CFTC is the primary regulatory body deciding which assets can have futures contracts.
Insider: Suggests National-Level Public Chain Should Be Led by State-Owned Enterprises
On August 2, according to Caixin, an insider stated in an interview related to stablecoins that China currently does not have a globally influential public chain. Another insider suggested that national-level backbone public chains should be led by state-owned enterprises, while industry-level public chains could open up to market competition. One insider remarked, "Public chains are the infrastructure for stablecoin issuance, which is significant and indispensable for building a self-controlled, secure, and efficient financial infrastructure system in the digital financial era."
Rumor: Reports from Multiple Foreign Media on "China Again Bans Cryptocurrency Trading and Mining" May Be False
On August 3, several foreign media outlets and KOLs, including Kalshi, First Squawk, Cointelegraph, and Nate Geraci, president of The ETF Store, reported the so-called news that "China has just officially announced a ban on cryptocurrency trading and mining." BlockBeats has learned from multiple sources that no such ban has been announced recently. In fact, China had already fully banned cryptocurrency mining activities as early as May 19, 2021.
Ethereum Celebrates Its Tenth Anniversary This Week, Torch Commemorative NFTs Minted Exceed 780,000
On July 30, Ethereum celebrated its tenth anniversary, with ETH rising from $0.3 to over $4,000 over the decade, becoming the 28th largest asset globally and the second-largest cryptocurrency by market capitalization, following Bitcoin. Ethereum is widely used in DeFi, NFTs, and other fields, earning the title of "World Computer," and has unknowingly reshaped our world. On July 31, the minting of Ethereum's tenth-anniversary torch commemorative NFTs concluded, totaling over 780,000, with holder addresses exceeding 660,000. "The Torch" NFT is a tribute to those who shaped its development and values during Ethereum's first decade and will aid in Ethereum's future construction. Related articles: “Ten-Year-Old Ethereum, Wall Street Takes Over the First Year”, “From Miners to Stakers: The Evolution of Ethereum's Computing Power and Narrative Over Ten Years”
Linea Announces Token Economics: Total Supply of Approximately 72 Billion, 9% Allocated for Early User Airdrop
On July 30, Linea officially announced the LINEA token economics: the total supply is 72,009,990,000 (approximately 72 billion), equivalent to 1,000 times the initial circulation of ETH, with a distribution method echoing Ethereum's genesis distribution: 85% of the supply is dedicated to the ecosystem, and the remaining 15% is allocated to the Consensys treasury. Early users will receive tokens from a distribution equivalent to 9% of the token supply, which will be airdropped and fully unlocked at TGE. 75% of the LINEA token supply is allocated to an ecosystem fund managed by the Linea Alliance, which includes ENS Labs, Eigen Labs, SharpLink, Status, and Consensys. ETH will be used as the network's gas token, and after deducting L1 costs, 20% of the gas fees will be burned, reducing ETH's supply and enhancing its monetary premium, while the remaining 80% of gas fees will be used to burn LINEA. Related articles: “Linea Airdrop Approaches: This Time, L2 Begins to Feed Back to L1?”, “Linea's Upcoming TGE, What Are the LXP Point Thresholds and Reasonable Valuations?”
U.S. SEC Approves Physical Redemption Mechanism for Bitcoin and Ethereum ETFs
On July 30, market news reported that the SEC officially approved the physical redemption mechanism for Bitcoin and Ethereum ETFs.
U.S. SEC Confirms Receipt of Application Allowing BlackRock's Ethereum Spot ETF to Stake
On July 30, the SEC confirmed receipt of an application allowing BlackRock's Ethereum spot ETF to stake. Nate Geraci, president of The ETF Store, stated earlier this year that staking for the ETH ETF would happen regardless. Under the Trump administration, this situation will occur more quickly.
CCTV's "World Weekly" Special Report on Trump's Crypto-Friendly Policies and Stablecoins
On July 27, CCTV's "World Weekly" program aired a special report on Trump's cryptocurrency policies and stablecoins. The report stated that despite Trump introducing a series of crypto-friendly bills, including the Genius Act, Bitcoin and cryptocurrencies still face significant issues such as price volatility and security risks. The total duration of the report was approximately 20 minutes, highlighting that Trump's active promotion of stablecoin development is highly correlated with Federal Reserve policies and the high levels of U.S. national debt. It described stablecoins as a "new generation version of dollar hegemony," and in the current context where countries are accelerating the issuance of local stablecoins, "how to establish a more stable international order is a new challenge."
Hong Kong's "Stablecoin Regulation" Officially Takes Effect This Friday, First Batch of Stablecoin Licenses May Only Include 3-4 Entities
On August 1, Hong Kong's "Stablecoin Regulation" officially took effect, and the Hong Kong Monetary Authority (HKMA) has opened applications for stablecoin issuance licenses, marking a new phase in the implementation of stablecoin development in Hong Kong. Over the past year, the HKMA has promoted sandbox testing for stablecoin application scenarios and gradually clarified regulatory guidelines and application pathways. Now, participating institutions will transition from testing to issuing and circulating under a formal regulatory framework. According to incomplete statistics, dozens of institutions have expressed their intention to apply for stablecoin licenses. On August 2, Caixin reported that discussions about stablecoins on both sides of the Pacific reached a boiling point from June to July but have since cooled down, with Hong Kong potentially narrowing the first batch of stablecoin licenses to three or four entities. Related articles: “Directly Addressing Hong Kong's Stablecoin Policy Implementation, What You Need to Know”, “Dialogue with Xiao Feng: Cold Reflections Behind the Stablecoin Boom, Hong Kong May Again Become the Center of the Digital Asset World”
Hong Kong's "Stablecoin Regulation": Issuers Must Control to Prevent Users from Using VPNs in Identity Verification
On July 31, the HKMA stated in its regulatory guidelines for licensed stablecoin issuers, outlined in the "Stablecoin Regulation," that it requires licensed stablecoin issuers to "ensure that they do not issue or offer the specified stablecoins in jurisdictions where trading is prohibited" and that "licensees should implement control measures to mitigate the risks of location masking (such as using virtual private networks, or VPNs) during remote customer identity verification processes and in daily operations."
Tether Surpasses South Korea to Become the 18th Largest Holder of U.S. Treasury Bonds
On August 1, according to Messari data, Tether surpassed South Korea to become the 18th largest holder of U.S. Treasury bonds. Tether's latest Q2 financial report indicated that its holdings of U.S. Treasury bonds have exceeded $127 billion.
Ming Pao: JD.com Has Registered "JCOIN" and "JOYCOIN," Likely Names for Its Stablecoins
On July 29, Ming Pao reported that local media cited registration documents indicating that JD.com's JD Coin Chain has registered "JCOIN" and "JOYCOIN," which are believed to be the names of its stablecoins. According to the registration documents cited in the report, the services related to "JCOIN" and "JOYCOIN" include providing electronic funds transfers and cryptocurrency financial transactions through blockchain technology. JD Coin Chain is one of the participants in the HKMA's stablecoin issuer sandbox, and last July, it collaborated with local virtual bank Starling Bank, supported by Xiaomi and Futu, to explore new solutions for enterprise cross-border payments based on stablecoins in the sandbox.
Figma's Stock Soars 250% on First Day of Trading; Suspected Figma Founder Address Holds Over $1.7 Million in AGLD Tokens
On August 1, according to Rockflow data, Figma's stock surged 250% on its first day of trading, closing at $115.50. It rose another 24.2% in after-hours trading, priced at $143.45. Figma had stated in its submitted prospectus that the company is authorized to issue "Blockchain Common Stock." Additionally, in early July, Figma disclosed that it holds nearly $70 million in Bitcoin ETFs and has been approved to repurchase $30 million in Bitcoin. Furthermore, Arkham data revealed that a suspected address belonging to Figma founder Dylan Field holds over 2.3 million AGLD tokens, valued at $1.76 million, making it the largest holding for that address, which also holds ETH, PEOPLE, and LOOT NFTs. Related articles: “The First Unicorn to Open the On-Chain IPO Channel, Figma's Aesthetic Stands Out in Silicon Valley”
"Pudgy Penguins" CEO Reveals Team Has Participated in U.S. Cryptocurrency Legislation; SEC Officially Confirms Receipt of Canary PENGU ETF Application
On July 31, Pudgy Penguins CEO Luca Netz stated in an interview that "Pudgy Penguins and the Abstract team have officially participated in U.S. cryptocurrency legislation as government advisors and have made recommendations. Team members have traveled to Washington, D.C. multiple times in the past three months and have submitted a PENGU ETF application, which will include not only PENGU tokens but also NFTs." On August 1, the U.S. Securities and Exchange Commission (SEC) officially confirmed receipt of the Canary PENGU ETF application, which is the first mixed spot ETF for meme tokens and NFTs. As Wall Street's interest in it rises, market participants expect a decisive moment for the intersection of digital assets and traditional finance to be imminent.
CEA Industries and 10X Capital Announce $500 Million Private Placement to Establish BNB Strategic Reserve with Support from YZiLabs
On July 28, official news announced that CEA Industries (NASDAQ: VAPE) and 10X Capital, with support from YZi Labs, are conducting a $500 million private placement to establish the world's largest publicly listed BNB financial company. This financing consists of two parts: common stock PIPE financing totaling $500 million (including $400 million in cash + $100 million in cryptocurrency); and warrant exercise, which could potentially add $750 million in cash financing if fully exercised. The official statement indicated that this PIPE has been oversubscribed by over 140 global institutions, with major participants including YZi Labs, Pantera Capital, Arche Capital, and others. On the same day, influenced by the news of the $500 million private placement to establish the BNB treasury, CEA Industries' stock (VAPE) surged 548.85%. Notably, the company's stock closed at only $8.88 last Friday, with a market capitalization of just $7.4669 million. Related articles: “BNB Treasury Managed by the Richest Chinese, Can It Still Rise After a 600% Surge?”, “$500 Million Financing Attracts Over 140 Institutions to Subscribe, BNB Has a New Entry Point on Wall Street”
Bridgewater Founder Ray Dalio Sells Remaining Shares and Will Resign from Board Membership
On August 1, Reuters reported that in a letter to investors, Bridgewater founder Ray Dalio sold his remaining shares in the fund. Dalio founded the Bridgewater hedge fund 50 years ago, and this transaction marks the end of a years-long transition for the world's largest hedge fund, which manages $92.1 billion in assets. The 76-year-old Dalio stepped down as CEO in 2017 and transferred control of the Bridgewater hedge fund to a new generation of investors in 2022. A source indicated that Dalio will also resign from his position on the board. Related articles: “Bridgewater's Dalio 'Officially Retires': Liquidates Last Holdings and Resigns from Board Position”
Justin Sun to Complete Space Flight on August 3 Aboard Blue Origin's New Shepard
On July 31, Justin Sun, founder of TRON, announced on the X platform that he is set to fly to space on August 3, 2025, aboard Blue Origin's New Shepard, becoming the youngest Chinese astronaut in history. In 2021, Sun successfully bid $28 million for a seat on the first crewed flight of the New Shepard and donated all the bidding funds to Blue Origin's "Future Club" to support global youth STEM education.
PayPal's New Feature Allows U.S. Merchants to Accept Payments in Over 100 Cryptocurrencies
On July 28, Fortune reported that fintech giant PayPal announced a new payment option on Monday, allowing U.S. small and medium-sized merchants to accept payments in over 100 digital assets, including major cryptocurrencies like Bitcoin and Ethereum, as well as Trump commemorative coins and even FARTCOIN. A company spokesperson stated that all U.S. merchants using PayPal's online payment processing platform can enable this feature. PayPal plans to expand its cryptocurrency payment services to large corporate clients in the U.S. and globally but declined to disclose a specific timeline.
Industrial Bank's Half-Year Work Meeting Proposed to Study Stablecoins
On July 28, according to the 21st Century Business Herald, Industrial Bank recently held its 2025 mid-year work meeting, proposing to embrace technological transformation, study stablecoins, develop "Artificial Intelligence +", promote "Data Element X", and lay a solid foundation to make greater strides on the path of intelligent transformation and digital transition, accelerating the shift from "Digital Industrial Bank" to "Intelligent Industrial Bank."
Chinese Sichuan Court Trials Case of Using Virtual Currency to Resell Foreign Exchange, Involving Over 200 Million Yuan
On July 30, it was reported that from 2020 to 2021, defendants Wan, Chen, and Huang illegally bought and sold foreign exchange outside the national designated trading venues using virtual currencies such as USDT, with a total amount involved reaching 234 million yuan. The three had clearly defined roles, using virtual currencies to transfer funds between RMB and USD, and completed USD transactions through Hong Kong company accounts. Due to the case involving a new type of crime where virtual currency acts as a foreign exchange intermediary, the court in Muchuan County, Leshan City, requested the Intermediate Court for elevated trial. On August 28, 2024, the Leshan Intermediate People's Court found the three guilty of illegal business operations, sentencing them to prison terms of thirteen and a half years (concurrent sentences), five and a half years, and two and a half years, respectively, and imposing fines totaling 2.1 million yuan. The judgment has now taken effect.
Details of Corruption Case Involving 140 Million Yuan Reward Fund at a Short Video Platform in Beijing Disclosed, Using Virtual Currency for Money Laundering and Other Methods to Transfer Illicit Funds
On July 28, a former employee of a short video platform in Haidian District, Beijing, named Feng, colluded with external suppliers, exploiting loopholes in the reward policy and leaking internal data to illegally siphon off 140 million yuan in reward funds from the company. The individuals involved also transferred illicit funds through methods such as registering shell companies and laundering money with virtual currencies. Feng instructed Tang and Yang to use eight different overseas virtual currency trading platforms to convert the stolen funds into Bitcoin and other virtual currencies in batches. Faced with evidence, Feng's group had to surrender over 90 hidden Bitcoins, allowing the company to recover some losses. Ultimately, Feng and six others were sentenced by the Haidian District People's Court to prison terms ranging from fourteen and a half years to three years for embezzlement, along with corresponding fines. The judgment has now taken effect.
This Week's Major Financing: Courtyard, Zodia Markets, Delve, Manifold, RD Technologies, Finloop, Stable, Billions, OpenAI, Subzero Labs
On July 28, it was reported that New York startup Courtyard completed a $30 million Series A financing round, led by Forerunner Ventures, with existing investors such as NEA and Y Combinator participating.
On the 28th, Zodia Markets, a cryptocurrency trading company controlled by Standard Chartered Bank (STAN), announced the completion of a $18.25 million Series A financing round, led by Pharsalus Capital, with participation from Circle Ventures, The Operating Group, XVC Tech, and other strategic investors.
On the 30th, Delve, a security compliance platform founded by two 21-year-old MIT dropouts, Karun Kaushik and Selin Kocalar, announced it secured $32 million in financing at a valuation of $300 million. This round was led by Insight Partners.
On the 30th, decentralized AI infrastructure Manifold announced the completion of a $10.5 million Series A financing round to accelerate the development of its decentralized AI cloud platform Targon. This round was led by OSS Capital, with participation from Digital Currency Group, Tobias Lütke, and other notable investors.
On the 30th, RD Technologies announced the completion of nearly $40 million in Series A2 financing, led by ZhongAn International, Zhongwan International, Brilliant Investment, and Hivemind Capital, with participation from Sequoia China, Everlasting Digital Capital, Junshi Investment, and Guotai Junan International Private Equity Fund.
On the 31st, Finloop, a subsidiary of Fosun, disclosed via its public account that it recently completed nearly $10 million in Series A financing, with investors including the Solana Foundation and other Web3 industry institutions.
On the 31st, a new blockchain project built around Tether's USDT, named Stable, announced it completed $28 million in seed round financing, co-led by Bitfinex and Hack VC.
On August 1, digital identity verification platform Billions announced it completed $30 million in financing, with participation from Polychain, Coinbase Ventures, Polygon, and others. The funds will be used to build the first universal human-machine and AI network.
On the 1st, The New York Times reported that OpenAI completed $8.3 billion in financing, reaching a valuation of $300 billion, as part of its plan to raise $40 billion this year.
On the 2nd, it was reported that cryptocurrency startup Subzero Labs completed $20 million in seed round financing, led by cryptocurrency investment firm Pantera Capital, with participation from crypto venture capital firms Variant, Coinbase Ventures, and the high-frequency trading firm's cryptocurrency division Susquehanna.
This Week's Popular Articles
“VCs in the Crypto Space Bring $2 Trillion Stories to Wall Street”
A new financial trend centered around crypto assets is rapidly spreading in the U.S. stock market, with numerous shell companies transforming into "cryptocurrency reserve companies," leading to soaring stock prices and attracting top VCs and institutional investors like Pantera and Primitive to compete for positioning. This model is referred to as DAT (Digital Asset Treasury), essentially injecting crypto assets into publicly listed companies through financial engineering and storytelling to achieve premium arbitrage in capital markets. As market sentiment heats up, the number of projects has surged, and global capital is racing to "inject" digital assets like Bitcoin into U.S. stocks and regional markets, but this has also raised warnings about bubbles, regulatory arbitrage, and insider trading, becoming a new channel for capital in the crypto space to "escape."
“The First Unicorn to Open the On-Chain IPO Channel, Figma's Aesthetic Stands Out in Silicon Valley”
Figma has not only gained market recognition for its strong revenue growth and robust collaborative products but has also become the first tech company globally approved to issue "Blockchain Common Stock." Founder Dylan Field, with a low-key and pragmatic style, has long focused on crypto technology and laid out an on-chain capital structure. Figma's decentralized exploration contrasts with Robinhood's platform tokenization path, representing two paradigms of on-chain IPOs: embedded governance and asset packaging. In terms of collaborative systems, governance structures, and financial frameworks, Figma is testing the waters for the future "on-chain company" model, showcasing the infrastructure reshaping power in the transition from Web2 to Web3.
“Can the BNB Treasury Managed by the Richest Chinese Continue to Rise After a 600% Surge?”
The narrative of the BNB Treasury has officially landed, with a small-cap shell company named VAPE completing a PIPE financing of up to $1.25 billion under the guidance of Binance's background capital, transforming into the world's first publicly listed BNB reserve company, replicating the MicroStrategy model. The control of VAPE has shifted to 10X Capital and YZi Labs, with a narrative, structure, and capital collaboration intricately constructing a valuation closed loop. Despite the project receiving support from numerous institutions and igniting stock prices, the underlying issues of warrant dilution, liquidity pressure, and industry resource concentration risks have also sparked controversy. This case has become a typical example of the structural arbitrage wave in the crypto capital market and highlights the entry of the crypto space into an era of "telling good stories and seizing liquidity" through financial engineering.
“Directly Addressing the Implementation of Hong Kong's Stablecoin Policy, What You Need to Know”
Starting August 1, 2025, Hong Kong officially launched applications for stablecoin issuance licenses, marking its entry into a new phase of regulatory implementation. The first batch of licenses will have high thresholds, emphasizing compliance requirements such as real-name KYC, full reserves, and redemption mechanisms, with only a few licenses expected to be issued by the end of the year. The policy clarifies that stablecoins should serve financial efficiency, cross-border settlement, and Web3 applications, and should not become speculative tools. The pegged currencies are open, with RMB stablecoins legally feasible but requiring cautious handling. With high market enthusiasm, dozens of institutions with Chinese backgrounds are preparing to apply, and companies like JD.com, Standard Chartered, and Ant Group have already participated in the sandbox or have clear plans to issue coins, making Hong Kong an important testing ground for global stablecoin regulation and application.
“Kraken's Upcoming IPO: What Stocks Can Be Speculated?”
Kraken is raising $500 million at a valuation of $15 billion and frequently hints at an IPO plan, with the SEC and FBI regulatory shadows lifting, drawing significant market attention. Kraken's stock price has tripled on the private placement platform Forge over the past year, and retail investors can now rush in through SPVs and other means. Its Layer 2 network, Ink, has also launched, led by Kraken, with the native token $INK being used for ecological incentives, deeply binding with CeFi, becoming a potential new narrative hotspot for L2. Meanwhile, Kraken is actively expanding payment, derivatives, and global clearing services, building a comprehensive financial ecosystem to warm up for its listing. If the IPO goes ahead, it may trigger another wave of excitement in the crypto market.
“Why Did Base's 'Content Token Fundamentals' Cause Such a Big Reaction from Solana?”
The intense debate between the Base and Solana communities regarding "content tokens" and meme coins reflects a fundamental divergence in the crypto world over "fundamental value." Platforms like Zora are attempting to tokenize content, introducing concepts of creator economy and attention markets, but most content tokens currently lack sustainable revenue, user bases, and clear governance, with their value highly dependent on hype and sentiment, making it difficult to build a solid ecosystem. Although on-chain revenue-sharing mechanisms and decentralized narratives have potential, at this stage, content tokens are mostly speculative products, still trapped in the fate of "hype is everything," with the entire industry remaining in a trial-and-error and correction phase.
“The 70x Meme Coin Crashed, Can the DeFi IMF Come Back?”
The Ethereum mainnet MemeFi project $IMF, after experiencing a nearly 70x surge, recently faced a drop of up to 85%, causing market turbulence. The decline was triggered by whale-level sell-offs leading to a chain liquidation, exposing issues in the platform's collateral lending design, especially allowing its own token $IMF to be used as collateral, which amplified risks. On-chain data suggests that the IMF team may have participated in cash-out activities, raising doubts among KOLs and the community. Although the official statement claims the platform did not suffer systemic losses and the token rebounded strongly, controversies surrounding its fund security and operational motives are still brewing, highlighting the vulnerabilities and governance risks of the MemeFi model.
“When Christie's Allows Buying Real Estate with Cryptocurrency, a New Milestone in the RWA Track”
With improvements in the U.S. regulatory environment and structural bottlenecks in the real estate market characterized by high prices and low liquidity, crypto technology is deeply embedding itself in the real estate industry, giving rise to a new track called "Crypto Real Estate." Marked by Christie's International Real Estate establishing a crypto real estate department, high-net-worth buyers have begun purchasing luxury homes with pure cryptocurrencies like Bitcoin and Ethereum, initiating a new paradigm in real estate transactions. Meanwhile, platforms like RealT are enabling property tokenization, rental dividends, and on-chain lending through blockchain, allowing users to operate real estate assets as if they were engaging in DeFi. Policy support is also accelerating, with the U.S. allowing compliant crypto assets to be included in mortgage assessment systems and exploring crypto mortgages. Despite the maturing infrastructure, on-chain real estate still faces challenges such as high educational barriers, strong volatility, and complex governance, requiring continuous evolution in compliance and user awareness to move towards the mainstream.
“What Other Potential Projects Are There Besides BNKR?”
Since 2025, Clanker has become the most innovative launch platform on the Base chain, incubating a series of projects that integrate finance and social elements, creating a highly narrative-driven ecological loop. Representative projects include $DRB, inspired by AI, with a peak market cap exceeding $38 million; $BRACKY, which uses AI agents for sports predictions; $A0X, simulating Jesse Pollak's smart avatar; Noice, a social tool that rewards with payments; $QR, which reshapes attention through an auction mechanism; and Native, which builds an on-chain AI city. Clanker not only promotes the integration of MemeFi and Mini Apps but also transforms Base into an experimental, financialized, and sustainable narrative-driven on-chain content economy.
“What Other Related Targets Are Worth Watching After ZORA?”
ZORA surged tenfold after its token launch, with its market cap skyrocketing from $30 million to $300 million, becoming the core of a new wave of sentiment on Base, sparking heated debates about the legitimacy of "content tokens." Around ZORA, content token dashboard tools like TBA and ART are gradually gaining attention; Noice, as a reward-based social Mini App, has been invited to participate in official conferences, steadily enhancing its status; Bankr has received support from Coinbase Ventures, and AI content narratives are also warming up. At the same time, more new content economy attempts centered on posting and trading posts have emerged on Base, indicating a gradual rise in on-chain experiments surrounding content, social interaction, and platform self-operated ecosystems.
“The Bitcoin Ecosystem Is Heating Up Again, What 4 Fronts Need Attention?”
The Bitcoin ecosystem has recently experienced a wave of recovery, with BRC 2.0 becoming the focus, introducing smart contract functionality for BRC20 through off-chain executors, set to officially activate on August 14, leading to strong surges in projects like Adderrels. Established Bitcoin NFT projects like NodeMonkes and Bitcoin Puppets have also benefited from the rise, while in the rune sector, despite a pullback in $DOG, its 30-day performance remains noteworthy, with Kraken's listing and institutional accumulation enhancing its visibility. Additionally, CENTS, as a leading art project, has also strengthened. Overall, while the Bitcoin ecosystem remains sluggish, the push from the Chinese-speaking community is bringing new momentum through BRC 2.0 and content innovation.
“$450 Million Financing for Sui Treasury Launch, What’s the Background of This Company?”
U.S. publicly listed company Mill City Ventures announced that it will invest 98% of its $450 million private placement funds into SUI tokens, marking its official transformation into a financial institution centered on crypto assets and launching the SUI treasury strategy. This financing round was led by hedge fund Karatage, with participation from the Sui Foundation and support from institutions like Galaxy, highlighting strong consensus and confidence from institutions in Sui. Karatage has been deeply involved in the early construction of the Sui ecosystem, while the Sui Foundation continues to promote network prosperity through capital reinvestment and ecological incentives. With TVL hitting new highs and token prices rising, Sui is becoming a new focus of mainstream capital following ETH, SOL, and BNB.
“Gold, Bitcoin, and Pokémon Cards: Which Is the 'Perfect Collateral' of This Era?”
The traditional 60/40 investment portfolio has become ineffective, the stock market is increasingly resembling a casino, and bonds no longer provide effective hedging. Young investors are growing increasingly disillusioned with the old financial system. Jeff Park advocates for investing in scarce, non-fungible assets that do not rely on traditional systems, such as Bitcoin and physical gold, as these assets can truly achieve risk diversification and resist asset value erosion under financial repression. He believes that investing in Bitcoin is not just about chasing price increases but is more about hedging against the decline in fiat currency value, while options trading can provide investors with more efficient risk management tools to help them profit in uncertain environments.
“Uncovering Tom Lee: From Wall Street Celebrity to Ethereum Microstrategy Creator”
Tom Lee is a veteran strategist on Wall Street, known for his data-driven and contrarian views. He served as the chief equity strategist at JPMorgan in his early years, later founded Fundstrat, and was the first to propose a Bitcoin valuation framework. He insists on viewing crypto assets as part of mainstream investment portfolios, believing that the rise of stablecoins signifies that Ethereum will become the core infrastructure connecting traditional finance and the crypto world. In 2025, he became the chairman of BitMine's board, promoting corporate Ethereum treasury models with the goal of acquiring and staking 5% of the total ETH supply, attracting large institutions like ARK and Founders Fund to enter the market, making BitMine the publicly listed company with the largest ETH holdings globally. Lee emphasizes that compared to ETFs, on-chain treasury companies possess stronger structural leverage and strategic dominance, making them the preferred path for institutions to lay out crypto assets in the next phase.
“Forbes: Robinhood Aims to Become the 'Only Financial Gateway' for the Younger Generation”
At a dramatic crypto-themed event held at the legendary estate in Cannes, France, Robinhood marked the full launch of its globalization and blockchain strategy. CEO Vlad Tenev made a star-like appearance, announcing support for European users to trade stock tokens, open crypto staking, acquire Bitstamp, and advance its own blockchain. Robinhood is attempting to reshape the global financial system with "tokenization" at its core, achieving 24/7 on-chain circulation of assets. In 2024, its crypto revenue surged to $626 million, and Tenev is also targeting traditional financial services such as IRAs, mortgages, and robo-advisors, aiming to create the "only financial tool" for the younger generation. At the same time, he is leveraging AI entrepreneurship to lay out Harmonic, combining artificial intelligence with crypto vision to depict a future of self-managed wealth.
“The Winklevoss Brothers' Two Bets: Facebook and Bitcoin”
The Winklevoss brothers transitioned from Harvard elites and Olympic rowers to key figures in the Facebook creative dispute, and then to early evangelists in the crypto space, experiencing betrayal, lawsuits, high-stakes gambling, and foresight along the way. They opted for stock over cash in their settlement with Facebook, ultimately reaping hundreds of millions in returns; they also made significant bets on Bitcoin when it was viewed as an outlier by the mainstream, becoming some of the first Bitcoin billionaires. They not only invested but also built infrastructure, founding the compliant exchange Gemini, pushing for Bitcoin ETF progress, and continuously advocating for the mainstreaming of the crypto industry with steadfast belief and political engagement. Often seen as having "missed the opportunity," they have actually been ahead of their time.
The latest dispute between Gemini and JPMorgan reveals the tough stance of traditional financial institutions towards crypto platforms. Tyler Winklevoss accused JPMorgan of implementing "financial persecution" through means such as refusing data access and suspending cooperation, evoking memories of the "Operation ChokePoint 2.0" initiative within the industry. The core controversy lies in the control of bank data and the obligations of the U.S. Consumer Financial Protection Act regarding data sharing. Now, banks are circumventing regulations through fees and jointly pressuring regulatory agencies to restrict crypto companies from obtaining licenses, intensifying the direct conflict between the banking industry and crypto platforms. As the regulatory landscape changes and political forces reorganize, this "financial cold war" is heating up comprehensively.
“30-Year Review of Tech Stocks: Where Will the Next $100 Billion Company Be?”
Over the past 30 years, value growth in the tech industry has been concentrated in a very small number of unique companies, typically born out of new technological waves that break old paradigms and create new markets. Investors who blindly apply old logic or market size assessments often miss out on truly potential stocks. Consumer goods, hard tech, and enterprise software each have their characteristics, but the power law dominates the long-term return pattern. The next $100 billion company will be more unpredictable and less aligned with past models, while artificial intelligence is opening a window for this new generation of giants. Understanding uncertainty, benchmark interest rates, and differentiation is key to seizing the next wave.
“Wired Deep Dive: The 'Trump Factor' Behind American Bitcoin”
Eric Trump, the second son of Donald Trump, co-founded the Bitcoin mining company American Bitcoin, collaborating with Hut 8 to create the largest mining platform in the U.S., leveraging family influence to expand capital and partnership resources. The company raised $220 million within three months of its establishment, mining 215 Bitcoins, with the goal of accumulating Bitcoin reserves through low-cost mining and strategic acquisitions. As the Trump administration implemented crypto-friendly policies, this project is seen as a key piece in the family's deepening crypto layout, using political capital and energy policies to advance industrial influence.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
