Important information last night this morning (July 7-July 8)

Dubai Approves Tokenized Money Market Fund Backed by Qatar National Bank and DMZ Finance  

According to CoinDesk, the Dubai Financial Services Authority (DFSA) has approved the QCD Money Market Fund (QCDT), supported by Qatar National Bank (QNB) and DMZ Finance, marking the first tokenized money market fund authorized for issuance in the Dubai International Financial Centre (DIFC). The fund's investment strategy and asset origination are led by QNB, while DMZ Finance provides the technological infrastructure for its digital framework. The fund aims to tokenize traditional assets such as U.S. Treasuries, targeting institutional applications including bank-eligible collateral, stablecoin backing, exchange reserves, and Web3 payment infrastructure. Proponents expect the fund, with its regulatory compliance, stable yields, and on-chain transparency, to drive adoption among both traditional financial institutions and crypto-native entities.  

BONK Holder Count Nears 1 Million, Triggering 1 Trillion Token Burn  

The BONK community announced that the number of BONK holders has reached 949,892 and is expected to surpass 1 million soon. Upon reaching this milestone, 1 trillion BONK tokens (worth approximately $22.81 million) will be burned.  

Two Dormant Ethereum ICO Wallets Transfer 1,140 ETH After 9+ Years  

Onchain Lens reported that two Ethereum ICO wallets linked to the same entity, dormant for over nine years, transferred 1,140 ETH (worth $2.89 million) to another wallet in the early hours of the morning.  

Circle Executive: 14 Stablecoin Issuers and 39 CASPs Approved Under EU MiCA  

Patrick Hansen, Circle’s EU Policy Director, shared updates on the Markets in Crypto-Assets (MiCA) regulation, which imposes a 6-month transition period for Crypto Asset Service Providers (CASPs) and 12 months for stablecoins. As of July, 14 entities across seven EU countries have been authorized to issue stablecoins, with France hosting three issuers and others having one to three each. These issuers have launched 20 electronic money tokens or single-currency stablecoins, including 12 euro-denominated, seven USD-denominated, and one Czech korun-denominated stablecoin. Additionally, 39 CASPs have received MiCA licenses across nine EU/EEA countries, spanning traditional finance (e.g., BBVA, Clearstream, CACEIS), fintech (e.g., N26, Trade Republic, eToro, Robinhood), and native crypto firms (e.g., Coinbase, Kraken, Bitpanda, OKX, Bitstamp). No Asset-Referenced Token (ART) issuers have emerged due to lack of market demand. Around 30 crypto asset whitepapers have been notified, with the Dutch Authority for the Financial Markets (AFM) leading in approvals, while Italy’s regulator has flagged over 35 non-compliant CASPs.  

Whale/Institution Transfers Final 3,631 ETH to CEX, Totaling 95,313 ETH in a Month  

On-chain analyst Yu Jing reported that a whale/institution address transferred its final 3,631 ETH five hours ago, completing the movement of 95,313 ETH (worth $234 million) staked last year to centralized exchanges (CEXs) over the past month. The ETH was initially staked at an average price of $2,878 but sold at an average of $2,454, resulting in a $40.41 million loss.  

Listed Real Estate Firm Murano Plans $500 Million Equity Deal to Build Bitcoin Reserves  

CoinDesk reported that Nasdaq-listed Murano Global Investments (MRNO) has launched a Bitcoin treasury strategy, signing a $500 million standby equity purchase agreement to allocate funds primarily to Bitcoin. The $800 million market-cap Mexican hotel operator has already acquired 21 BTC (~$2.1 million) as its first treasury asset. Murano also joined MicroStrategy’s “Corporate Bitcoin Alliance” and is exploring Bitcoin payments and loyalty rewards for its hospitality business. Chairman Elias Sacal stated Bitcoin serves as both an inflation hedge and a balance sheet strengthener.  

U.S. Court Ends Coin Center’s Appeal Over Tornado Cash Sanctions  

Cointelegraph reported that the U.S. Court of Appeals for the Eleventh Circuit dismissed crypto advocacy group Coin Center’s challenge to the Treasury’s Office of Foreign Assets Control (OFAC) 2022 sanctions on Tornado Cash. A Thursday filing revealed the court granted a joint motion to vacate the lower court’s ruling and remand the case, effectively ending Coin Center’s legal battle. Executive Director Peter Van Valkenburgh confirmed the case’s conclusion, noting the government’s unwillingness to defend its “dangerously broad” interpretation of sanctions authority.  

U.S. Government-Labeled Address Transfers ~86.56 ETH to Coinbase Prime  

Arkham detected a U.S. government-labeled address sending 86.564 ETH ($219,450) to Coinbase Prime after a $10 test transaction. The ETH was originally seized from Chase Senecal in October 2022.  

SEC Delays Decision on Fidelity’s Spot Solana ETF  

Market sources indicate the SEC has postponed its decision on Fidelity’s spot Solana ETF application.  

SEC Confirms Receipt of Truth Social Bitcoin and Ethereum ETF Filing  

The SEC has acknowledged receiving Truth Social’s Bitcoin and Ethereum ETF application.  

Gate Briefly Lists PUMP Token Sale for July 12, Then Removes It  

The Block reported that Gate’s countdown page hinted at a July 12 launch for Pump.fun’s native PUMP token, with 15 billion tokens (15% of max supply) priced at $0.004 each in a 72-hour sale. The page was later removed.  

Vitalik Advocates for “Copyleft” Licensing Model  

The Block reported that Ethereum co-founder Vitalik Buterin now favors “copyleft” licenses (e.g., CC-BY-SA, GPL), requiring derivative works to adopt the same license. He cited corporate co-option of open-source code and crypto’s profit-driven competition as reasons, arguing that openness now requires “hardball tactics.”  

Fed Chair Contender Warsh Calls for Lower Rates  

Former Fed Governor Kevin Warsh, a top candidate for Fed chair, expressed sympathy for presidential frustration over unchanged rates, urging cuts. He dismissed Trump’s tariffs as inflationary.  

Trump Extends “Reciprocal Tariff” Deadline to August 1, Sends Notices to Multiple Countries  

Trump signed an order delaying “reciprocal tariffs” from July 9 to August 1. Earlier, he announced tariffs ranging from 25% (Japan, South Korea) to 40% (Laos, Myanmar), effective August 1. Politico reported the U.S. proposed a 10% tariff on the EU with conditions.  

TON Foundation Clarifies No Official UAE Golden Visa Partnership  

After controversy over a purported UAE golden visa program for TON stakers, the foundation clarified it only has exploratory talks with a licensed partner, no government deal. The UAE denied crypto investor eligibility for visas.  

SEC Asks Solana ETF Applicants to Refile by July, Hinting at Faster Approval  

CoinDesk reported the SEC requested Solana ETF applicants to amend filings by July-end, potentially accelerating approval ahead of the October 10 deadline. Pressure mounted after REX-Osprey’s staking ETF launched under the 1940 Act.  

Threshold’s tBTC Launches on Sui Network  

CoinDesk noted tBTC’s Sui debut could bring $500M+ Bitcoin liquidity, with BTC-linked assets already comprising 10% of Sui’s TVL.  

Hybrid DEX Kuru Labs Raises $11.5M Series A, Led by Paradigm  

The Block reported Kuru Labs’ funding to build an AMM/orderbook hybrid on Monad, following a $2.2M seed round.  

Chinese Police Warn of “DGCX” Ponzi Scheme  

Authorities in Hunan flagged the unlicensed “DGCX鑫慷嘉” platform, which halted withdrawals on June 25, as a suspected scam. Shenzhen earlier warned of stablecoin-related fraud.  

Bit Digital Shifts from BTC to ETH Holdings  

The firm sold 280 BTC to buy more ETH, reallocating its crypto portfolio.  

Strategy (MSTR) Announces $4.2B STRD Share Sale  

The Bitcoin-heavy firm plans to sell $4.2B in preferred shares for BTC purchases, working capital, and dividends.  

CoreWeave to Acquire Core Scientific in $9B All-Stock Deal  

BusinessWire detailed the AI cloud firm’s acquisition of the data center provider, offering a 66% premium for 1.3GW of power capacity.  

Strategy Reports $14B Unrealized Bitcoin Gain in Q2  

An SEC filing showed MicroStrategy’s 597,325 BTC ($64.36B book value) generated $14.05B in unrealized gains, with a $40.4B deferred tax liability.  

Etherscan Launches HyperEvmScan for HyperEVM  

The new explorer (hyperevmscan.io) tracks HYPE blockchain transactions, addresses, and tokens.  

Binance Alpha to List RCADE on July 9  

The platform will host RCADE’s debut, with eligible users able to claim airdrops using Alpha points.  

Binance Wallet: Palio TGE Faces Liquidity Issues  

The wallet team acknowledged Palio’s failed liquidity injection and pledged updates on resolutions.  

CoinShares: $1.03B Inflows to Crypto Funds, AuM Hits Record $188B  

Weekly data showed 12 straight weeks of inflows, with U.S. dominating ($1B) and Ethereum outperforming Bitcoin in relative inflows.  

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