Important information last night this morning (July 24-July 25)

Three new wallets purchased another 74,207 ETH in the past 10 hours, worth $273 million

According to Lookonchain monitoring, new whale wallets continue to increase their holdings of ETH. Three new wallets purchased another 74,207 ETH (worth $273 million) in the past 10 hours. Since July 9, 8 new wallets have accumulated 540,460 ETH (worth $1.99 billion).

Arthur Hayes purchased $1 million worth of ENA tokens through multiple channels in the past 7 hours

According to on-chain analyst Yu Jin monitoring, BitMEX co-founder Arthur Hayes purchased $1 million worth of ENA tokens through multiple channels in the past 7 hours: 500,000 USDC transferred to Binance, and 1.08 million ENA withdrawn; 250,000 USDC transferred to Galaxy Digital, and 560,000 ENA withdrawn; 250,000 USDC transferred to Flowdesk, and 520,000 ENA withdrawn. In this market situation, Arthur Hayes has been "promoting" ETH and the ETH ecosystem, and his own address has also purchased $12.5 million worth of ETH and ETH ecosystem tokens since July 12: 6 million USDC to buy 2,071 ETH (at a unit price of $2,897); 3 million USDC to buy 7.764 million ENA (at a unit price of $0.386); 1 million USDC to buy 3,033 AAVE (at a unit price of $330); 1 million USDC to buy 1.125 million LDO (at a unit price of $0.89); 1 million USDC to buy 791,000 ETHFI (at a unit price of $1.26); 500,000 USDC to buy 38.86 billion PEPE (at a unit price of $0.0000128).

Beijing Haidian District Financial Management Bureau: Be vigilant against illegal fund-raising in the name of stablecoins, etc.

The Beijing Haidian District Local Financial Management Bureau issued an announcement stating that recently, digital currencies represented by stablecoins have received widespread attention in the market. Some illegal institutions use "financial innovation" and "digital assets" as gimmicks, taking advantage of the public's lack of understanding of stablecoins, to absorb funds by issuing so-called "virtual currencies", "virtual assets", "digital assets", etc., inducing the public to participate in trading and speculation, disrupting the economic and financial order, and breeding illegal and criminal activities such as illegal fund-raising, gambling, fraud, pyramid schemes, and money laundering, which seriously endanger the property safety of the public. The institution reminded that without legal permission from the national financial management department, no institution may absorb funds from the public. Individual illegal institutions use new concepts such as stablecoins for speculation, conduct public false propaganda and absorb public funds, breeding various illegal and criminal activities such as illegal fund-raising. The "Regulations on Preventing and Handling Illegal Fund-raising" stipulate that the state prohibits all forms of illegal fund-raising, and losses caused by participation in illegal fund-raising shall be borne by the participants themselves.

Huang Licheng continues to increase his long position in PUMP, with losses exceeding $10 million on PUMP

According to Lookonchain monitoring, Taiwanese singer Huang Licheng (Machi Big Brother) is still continuing to increase his long position in PUMP. He has lost more than $10 million on PUMP, including $2.17 million in spot losses and $8.14 million in contract losses.

WOO X: The attack has caused $14 million in losses, and promises to fully compensate affected users

Cryptocurrency trading platform WOO X stated on the X platform that as the investigation deepens, it has been confirmed that the losses of accounts affected by the hack have reached $14 million. All funds of these users will be compensated. It is cooperating with external security teams and other exchanges to prevent further outflow of funds. Earlier, in the early morning of today, news emerged that the WOO X platform was suspected of being attacked, with losses exceeding $10 million.

China International Capital Corporation (CICC): The increase in the share of USD stablecoins may hinder the internationalization of the RMB

According to Zhitong Finance, CICC's research report stated that we propose that stablecoins have the potential to become a new type of infrastructure, and by analyzing the incentive compatibility mechanism of various participants in stablecoins, we further look forward to the potential impact of stablecoins on financial markets and the international monetary system, and further explore China's countermeasures. We believe that the embryonic stage of infrastructure is an important development opportunity, and issuing offshore RMB stablecoins may be China's priority choice to participate in the development of stablecoins; however, it should be noted that stablecoins are only a "technique" to promote the internationalization of the RMB. Whether the RMB can become a widely trusted international currency fundamentally depends on the "Tao", that is, the "legal anchor" and "functional anchor" of the RMB. The potential risks of stablecoins themselves will also affect the stability of financial markets. First, run and liquidity risks. Second, deposit migration and financial disintermediation. Third, price fluctuations and market linkage. CICC also stated that compared with cross-border payment scenarios, the advantages of stablecoins in domestic payment scenarios are not obvious. In addition, CICC said that the increase in the share of USD stablecoins may hinder the internationalization process of the RMB. The global stablecoin market size has exceeded $260 billion, of which more than 95% are pegged to the USD. If the USD dominates the stablecoin field, it may squeeze the cross-border payment share of the RMB, which is not conducive to the internationalization of the RMB.

$18.75 million worth of BONK transferred from Galaxy Digital to Binance and Coinbase

According to on-chain analyst Yu Jin monitoring, half an hour after Bonk's project team tweeted that it had repurchased and destroyed 500 billion BONK ($18.47 million) last night, 510 billion BONK ($18.75 million) was transferred from Galaxy Digital to Binance and Coinbase. This may have caused BONK to drop by 10%: from $0.0000365 to $0.0000325.

Deribit: Over $15.4 billion worth of BTC and ETH options are about to expire

According to official news from Deribit, options on Bitcoin and Ethereum with a total value of over $15.4 billion will expire this Friday. Among them, the nominal value of Bitcoin options reaches $12.66 billion, the Put/Call ratio is 0.88, and the maximum pain price is $112,000; the nominal value of Ethereum options is $2.75 billion, the Put/Call ratio is 0.87, and the maximum pain price is $2,800.

OSL Group plans to raise approximately HK$2.355 billion through rights issue for strategic acquisitions, stablecoin business, etc.

According to Jiemian News, on the morning of July 25, OSL Group announced on the Hong Kong Stock Exchange that on July 25, 2025 (before the trading session), the company had entered into a placing and subscription agreement, a general authorization subscription agreement, and a special authorization subscription agreement. According to these agreements, the total proceeds from the proposed transactions are estimated to be approximately HK$2,355.03 million, and the net proceeds are estimated to be approximately HK$2,336.10 million. The placing price is HK$14.90 per placing share, representing a discount of approximately 15.34% to the closing price of the shares on the last trading day on the Stock Exchange. The company intends to use the total net proceeds for the following purposes: approximately 50% to support the company's strategic acquisition initiatives; approximately 30% for the development of global business and new business initiatives (including payment and stablecoin initiatives); approximately 20% for the group's general corporate purposes.

Resolv announces the activation of the protocol fee mechanism, with part of the profits used to reward RESOLV stakers

Resolv announced the activation of the Resolv protocol fee mechanism. Starting from this month, Resolv will begin to collect protocol fees, using part of the daily profits for long-term value creation and rewarding RESOLV stakers. The fees will be gradually increased, with 2.5%, 5.0%, 7.5%, and 10.0% of daily profits collected in the 1st to 4th weeks and beyond, respectively. Protocol fees are only charged when there is positive income, and no fees are charged when income is zero or there is a loss. Protocol revenue will be used to enhance the value provided by Resolv to users and stakers, including: supporting new integrations in the fields of DeFi, fintech, and institutions; funding ecosystem grants and product development; promoting repurchases and other token alignment plans; in the future, users can track revenue and its usage through an exclusive transparent dashboard.

JPMorgan Chase: Capital inflows into cryptocurrencies have reached $60 billion so far this year

According to The Block, analysts at JPMorgan Chase estimate that driven by cryptocurrency fund flows, CME futures trading activities, and venture capital financing, capital inflows into the digital asset sector have reached $60 billion so far this year. Since the end of May, capital inflows have increased by nearly 50% and are expected to easily surpass the historical record set last year. Analysts pointed out that the U.S. "GENIUS Act" provides a regulatory framework for stablecoins, while the "CLARITY Act" promotes the classification of digital assets, and the improved policy environment is attracting more institutions to participate. The report added that Ethereum has become a key institutional allocation due to its dominant position in DeFi and smart contracts, while altcoin ETFs with staking functions have also received more attention from asset management companies. Capital flows show that digital assets and hedge funds are performing strongly, in contrast to the private equity and credit markets. In addition, since most stablecoins are denominated in USD, other countries are increasing their competitive efforts.

Binance reaches latest cooperation with Circle to integrate Circle's yield-bearing asset USYC

According to The Block, Binance is incorporating Circle's yield-bearing asset USYC into its collateral options for institutional clients. This is the latest cooperation between Circle and Binance. Binance's institutional clients can now hold USYC - a tokenized money market fund similar to BlackRock's BUIDL fund - and use it as collateral for over-the-counter derivatives transactions. USYC will also be natively issued on the BNB Chain, "allowing USYC users to explore the on-chain world more seamlessly". According to RWA.xyz data, USYC has approximately $686 million in assets on-chain, mainly invested in U.S. government securities through reverse repurchase agreements.

Suspected Ripple co-founder Chris Larsen sent approximately $140 million worth of XRP to exchanges in 7 days

According to The Block, on-chain investigations show that a wallet long associated with Ripple co-founder Chris Larsen has transferred 50 million XRP, worth approximately $161 million, since July 17. On-chain investigator ZachXBT said that the wallet appears to have transferred approximately $140 million worth of tokens to three exchange-related addresses and deposited another 10 million tokens into two newly created wallets. ZachXBT pointed out that 30 million XRP were transferred to two addresses historically used to transfer assets to trading platforms, while the third recipient received 10 million XRP. The last two addresses each hold 5 million XRP, with no previous transaction activity. Data shows that the relevant addresses controlled by Larsen still hold approximately 2.81 billion XRP, worth approximately $9 billion at today's price of $3.20.

REX-Osprey's Solana staking ETF will integrate JitoSOL and distribute 100% of rewards to shareholders

According to The Block, REX-Osprey's Solana staking ETF has incorporated staking rewards through cooperation with JitoSOL, a liquid staking token in the Solana ecosystem. This makes it the first and only cryptocurrency ETF to offer staking rewards to U.S. investors. 100% of the fund's staking rewards will be "fully distributed to shareholders, with neither REX nor Osprey retaining any share". The REX-Osprey Solana+ Staking ETF launched on July 2, being the first fund approved for staking assets. According to The Block Research data, the fund has accumulated a trading volume of at least $222 million since its launch, with a net asset value of over $100 million. Greg King, CEO of REX Financial and Osprey Funds, said in a statement: "Today, through the implementation of liquid staking functionality with JitoSOL, we are enhancing liquidity while maintaining the U.S. ETF structure and continuing to distribute native Solana rewards."

Musk's xAI will integrate the Grok dialogue model into the prediction market Kalshi

According to The Block, xAI, an artificial intelligence startup founded by Musk, will integrate its Grok dialogue model into the Kalshi platform - the only event contract exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC) - to provide real-time artificial intelligence analysis for retail traders betting on various events such as Federal Reserve decisions and Oscar winners. The two companies stated on the X platform that the cooperation will take effect immediately. Kalshi users will be able to query the Grok large language model to obtain on-chain data, historical odds, and the latest headlines before placing orders; while xAI has obtained a real-time environment to stress-test the reasoning ability and probability output results of its Grok model.

Tether Treasury newly minted 2 billion USDT on the Ethereum chain in the early morning

According to Whale Alert monitoring, in the early morning of today at around 1 o'clock, Tether Treasury newly minted a total of 2 billion USDT in two tranches on the Ethereum chain.

Tether: 250,000 Tether Gold tokens in circulation are backed by 7.66 tons of gold

According to The Block, Tether stated in an announcement released on Thursday that as of the second quarter of 2025, the circulation of Tether Gold (XAU₮) has approached 250,000 tokens. Each token is pegged to 1 troy ounce of physical gold at a 1:1 ratio, with total reserves equivalent to over 7.66 tons of gold. Tether pointed out that against the background of macroeconomic uncertainty, fiat currency fluctuations, and rising debt, digital assets such as gold-backed XAU₮ are being regarded as important hedging tools. This product presents traditional gold in a digital form, combining hedging functions with global transferability. Tether Gold was launched in January 2020, anchored to the London Good Delivery gold bar standard, with a current total market value of over $830 million.

Christie's International Real Estate establishes a new department to handle real estate transactions with cryptocurrencies

According to The Block citing The New York Times, Christie's International Real Estate has established a new department dedicated to facilitating the purchase of luxury real estate using cryptocurrencies instead of traditional fiat currencies. The company stated that currently, $1 billion worth of luxury real estate is accepting pure cryptocurrency offers from potential buyers. It is reported that Aaron Kirman, CEO of Christie's Southern California branch, was inspired by recent high-priced cryptocurrency real estate sales to establish the department. The department "has a dedicated team of lawyers, analysts, and cryptocurrency experts" and can handle cryptocurrency payments without the need for intermediate banks. Kirman said that he has presided over transactions where sellers were unaware of the buyers' identities, but lawyers hired by the sellers would verify the legitimacy of the buyers' funds. Kirman predicts that within five years, cryptocurrency payments will account for more than one-third of U.S. residential real estate sales.

TON Foundation and Kingsway Capital plan to raise $400 million for the TONCoin treasury

According to Aggr News, TON Foundation and Kingsway Capital plan to raise $400 million for the TONCoin treasury.

Strategy plans to increase the fundraising scale for buying Bitcoin to $2 billion

According to zoomer, Strategy (formerly MicroStrategy) plans to increase the fundraising scale for buying Bitcoin from $500 million to $2 billion.

International Monetary Fund: El Salvador's accumulation of Bitcoin in its strategic Bitcoin reserve fund meets program conditions

According to Jinshi, the International Monetary Fund stated that El Salvador's accumulation of Bitcoin in its strategic Bitcoin reserve fund meets the program conditions. El Salvador's Bitcoin holdings are in line with the country's program commitments. The total amount of Bitcoin held in the Salvadoran government's wallet remains unchanged.

Kraken will integrate INK tokens and Ink Network to promote product upgrades and usher in an airdrop

According to The Block, cryptocurrency exchange Kraken plans to integrate its INK tokens and Ink Layer 2 network into its existing core product system to serve global customers. Kraken stated that this move will "unlock a new wave of application scenarios driven by on-chain protocols and infrastructure". As part of this plan, INK tokens will be included in the Kraken Drops reward program, and eligible users can receive airdrops. The Ink Foundation said that INK aims to maximize network utility rather than "speculation", and will not participate in governance decisions of Ink Layer 2, mainly used for liquidity aggregation and incentivizing network application usage. Kraken co-CEO Arjun Sethi said that INK will help "unify the infrastructure for on-chain and off-chain users" and promote the standardization of value flow. Since Kraken announced the upcoming INK airdrop, the total value locked in the Ink Network has jumped from approximately $20 million in June to over $102 million in July.

GameSquare Acquires CryptoPunk #5577 for $5.15 Million and Increases Holdings by 12,913 ETH  

According to Chainwire, GameSquare Holdings (NASDAQ: GAME) announced the acquisition of the rare "Cowboy Ape" CryptoPunk NFT (No. 5577) from Robert Leshner, a DeFi pioneer and founder of Compound, for $5.15 million in preferred stock. This marks GameSquare's first direct investment in NFTs, which it plans to incorporate into an NFT income strategy targeting an annualized return of 6-10%. Additionally, the company added 12,913 ETH at an average price of approximately $3,646 per ETH, bringing its total holdings to $52 million. GameSquare will also collaborate with Superstate to explore blockchain-based tokenization of shares, continuing to advance its Web3 strategy and digital asset income plans.  

Bitcoin ETFs See Net Outflow of 751 BTC Today; Ethereum ETFs Record Net Inflow of 110,868 ETH  

According to Lookonchain, 10 Bitcoin ETFs recorded a net outflow of 751 BTC (approximately $89.05 million) today. Among them, Fidelity saw an outflow of 1,919 BTC and currently holds 204,621 BTC. In contrast, 9 Ethereum ETFs had a net inflow of 110,868 ETH (approximately $404 million), with BlackRock iShares alone inflowing 90,178 ETH, bringing its total holdings to 2,804,226 ETH.  

MoonPay Launches Liquid Staking Token mpSOL on Solana  

According to SolanaFloor, MoonPay has launched the liquid staking token $mpSOL on the Solana blockchain.  

BitMine's Ethereum Holdings Surpass $2 Billion, Totaling 566,776 ETH  

According to PR Newswire, BitMine Immersion Technologies (NYSE AMERICAN: BMNR) announced that its Ethereum (ETH) holdings have exceeded $2 billion, totaling 566,776 ETH—far surpassing the $250 million raised in its initial private placement completed on July 8. Thomas "Tom" Lee, Chairman of the Board, stated that BitMine is one step closer to its goal of holding and staking 5% of the global ETH supply. CEO Jonathan Bates added that the company will continue to advance its Ethereum treasury strategy to support the development of the Ethereum ecosystem.  

Anchorage Digital Partners with Ethena Labs to Launch USDtb, the First GENIUS-Compliant, Federally Regulated Stablecoin  

According to Business Wire, Anchorage Digital announced a strategic partnership with Ethena Labs to launch USDtb in the U.S., the first stablecoin with a compliance pathway under the GENIUS Act. As the only U.S. federally chartered crypto bank, Anchorage Digital will issue USDtb domestically through its stablecoin issuance platform, enabling institutional clients to access digital dollars in a compliant and secure manner.  

UK AI Firm Satsuma Technology Raises $135 Million to Build Bitcoin Vault  

According to Cointelegraph, UK-based AI company Satsuma Technology announced it has raised $135 million to build one of the largest Bitcoin vaults in the UK. The company stated that all committed funds are expected to be received within the next two weeks. This funding could make Satsuma the second-largest corporate Bitcoin holder in the UK, behind The Smarter Web Company, and may set a record for the largest single Bitcoin purchase by a UK firm. The financing, conducted via convertible notes, aims to accelerate business growth and drive deep integration of Bitcoin and artificial intelligence.  

Semler Scientific Purchases Another 175 Bitcoins, Surpassing 5,000 in Holdings  

SEC filings show that Semler Scientific has increased its Bitcoin holdings by 175 coins, with an investment of approximately $21 million. To date, the company holds a total of 5,021 Bitcoins, with a year-to-date BTC return rate of 31.3%.  

deBridge Foundation Launches Reserve Fund, Using 100% Protocol Revenue to Repurchase DBR Tokens  

According to The Block, the deBridge Foundation has launched a reserve fund that will use 100% of protocol revenue to repurchase its native DBR tokens on the open market. As of July 24, since its launch in June, the fund has acquired 1.3% of DBR's total supply, worth nearly $3 million. deBridge's overall treasury now holds $30.1 million in assets, including DBR, USDC, SOL, and ETH. Additionally, the fund is exploring income strategies and has launched a public dashboard to track assets and revenue in real-time.  

Bitcoin OG Transfers Entire 3,962.62 BTC to New Wallet  

On-chain data shows that a Bitcoin OG, dormant for 14.5 years, has just transferred all its 3,962.62 BTC (approximately $469 million) to a new wallet address (bc1qczar85zjppfjr8df8qnc4l3h5r957v6p2udryz).  

Ruihe Digital Technology Holdings Announces HK$80 Million Cryptocurrency Investment Plan  

According to an announcement from Ruihe Digital Technology Holdings Limited (03680.HK), its board has approved a HK$80 million budget to develop Web3.0 business and invest in cryptocurrency assets over the next two years. The company stated that this move aims to respond to the Hong Kong government's policies supporting Web3.0 and cryptocurrency industry development, with plans to focus on digital asset services in the Greater China region, funded through internal resources or fundraising activities. It believes that investing in cryptocurrency assets aligns with the global trend of institutionalization of digital assets and will help enhance overall competitiveness.  

Hong Kong to Criminalize Promotion of Unlicensed Stablecoins Starting August  

According to Cointelegraph, Hong Kong will implement the "Stablecoin Regulation" starting August 1, 2025, prohibiting the provision or promotion of unlicensed fiat-referenced stablecoins (FRS) to retail investors. Violators face a maximum fine of HK$50,000 and six months in prison. The Hong Kong Monetary Authority (HKMA) issued a warning on Wednesday, urging investors to avoid unlicensed stablecoins to prevent legal repercussions. HKMA Chief Executive Eddie Yue stated that the new regulations aim to bring credibility and stability to the stablecoin industry while protecting investors from fraud and excessive speculation. Although up to 50 companies have applied for stablecoin licenses, most applications lack feasible implementation plans, and only a few licenses will be approved.  

Bitcoin Whale Activity: A 14.5-Year Dormant Address Activated  

According to Whale Alert, a dormant address containing 3,962 Bitcoins (approximately $468 million) has just been activated after 14.5 years of inactivity.  

Crypto Mining Firm Bitzero Secures $25 Million in Funding; First Tranche to Purchase 2,900 Bitmain S21 Pro Miners  

According to The Block, Bitzero, a crypto mining company backed by Kevin O’Leary, recently raised $25 million to expand its mining operations. The company stated that the first tranche of funds will be used to purchase 2,900 Bitmain S21 Pro miners, with deployment expected within 4-6 months, potentially generating approximately $10 million in additional annual revenue. Bitzero is committed to using hydropower and low-carbon energy to drive sustainable development of its data centers in North America and Europe. President and CEO Mohammed Bakhashwain said the funding will accelerate the deployment of leading mining technology, further solidifying Bitzero's leadership in sustainable and profitable data centers.  

Report: BNB Chain and TRON Dominate Stablecoin Active Address Usage  

According to a stablecoin report titled *State of Stablecoins* by crypto research firm Messari, citing Artemis data, as of June 30, 2025, BNB Chain leads in stablecoin usage with 11.8 million active addresses, followed by TRON (9.6 million) and Polygon PoS (4.9 million). Data shows that since 2023, BNB Chain and TRON have seen steady growth in active addresses, significantly outpacing other networks, including Ethereum (2.5 million) and Solana (3.1 million).  

Crypto Industry Urges President Trump to Block JPMorgan’s "Punitive Fees" on Data Access  

According to CoinDesk, ten major fintech and cryptocurrency industry associations have sent a letter to U.S. President Trump, urging him to block JPMorgan’s plan to charge high fees for access to customer banking data. The associations warned that JPMorgan’s move could lead to "debanking" of millions of Americans and threaten the adoption of stablecoins and self-custody wallets. The letter emphasized that financial data belongs to U.S. citizens, not banks, and called on the White House to take action by July 29 to safeguard consumers’ right to free access to banking data, preserving an environment for financial innovation.  

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