Important information last night this morning (July 31-August 1)

Cryptocurrency Hacking Losses Exceed $142 Million in July 2025

According to PeckShieldAlert, approximately 17 major cryptocurrency hacking incidents were recorded in July 2025, resulting in total losses of about $142 million, a 27.2% month-on-month increase. CoinDCX, GMX, and BigONE ranked as the top three platforms with the highest losses in July. Among them, the GMX hacker has returned cryptocurrency assets worth approximately $40.5 million, including 10,000 ETH and 10.5 million FRAX.

Coinbase's Q2 Net Profit Reaches $1.4 Billion, Platform-Custodied Assets Hit $245 Billion

According to Coinbase's disclosure, in Q2 2025, total revenue was $1.5 billion, net profit reached $1.4 billion, and adjusted EBITDA was $512 million. Subscription and service revenue stood at $656 million, platform-custodied assets amounted to $245 billion, with BTC/ETH ETF asset custody accounting for over 80%. Coinbase's Q2 2025 earnings report showed that the previously high-profile data breach caused the company a $307 million loss, lower than the market estimate of $400 million. During the reporting period, the company's total revenue dropped 26% month-on-month, transaction revenue fell 39% month-on-month, and cryptocurrency spot trading volume decreased by more than 30% month-on-month. Quarterly trading volume was $237 billion, higher than the $226 billion in the same period of 2024.

AguilaTrades Plunges into $400 Million Position Loss Curse Again, All BTC Longs Liquidated

According to Yu Jin's report, as Bitcoin prices pulled back today, AguilaTrades' $400 million BTC long positions were fully liquidated half an hour ago. This round of operations lasted one month, swinging from a maximum floating profit of $41.7 million to a final loss of $5.2 million, with its total historical losses reaching $40 million. This marks the fifth time it has suffered losses after positions reached $400 million, and the curse remains unbroken.

US SEC Chairman: My Top Priority is to Establish a Regulatory Framework for US Cryptocurrency Asset Issuance as Soon as Possible

Paul Atkins, Chairman of the US Securities and Exchange Commission (SEC), stated that in conjunction with the President's Working Group (PWG) report, his top priority is to establish a regulatory framework for the issuance of US cryptocurrency assets as soon as possible. He pointed out that capital formation is the SEC's core mission, but for a long time, the SEC has ignored the market's need for choices, suppressed cryptocurrency-based financing activities, causing the crypto market to shift elsewhere, and investors have thus missed opportunities to participate in economic development using new technologies. He emphasized that the SEC's past "escapism" and "enforcement before questioning" approach is a thing of the past.

Ethereum Foundation Unveils "Lean Ethereum" Vision, Launching a New Decade-Long Journey

According to the Ethereum Foundation blog, Ethereum celebrated its 10th anniversary yesterday, and today the official "lean Ethereum" vision was formally released as the blueprint and personal mission for the next decade. This vision emphasizes a new generation of cryptography as the core, balancing extreme performance, security, and decentralization, and proposes a dual-track strategy of "Fortress Mode" and "Beast Mode" to promote Ethereum as the cornerstone of the value internet. The upgrade covers three sub-layers: the consensus layer, data layer, and execution layer, aiming to achieve dual breakthroughs in performance and security while addressing future threats such as quantum computing. The Foundation stated that "lean Ethereum" is not just a technical upgrade but also an embodiment of minimalism and craftsmanship, aiming to build an indestructible Ethereum network for future generations. The "lean Ethereum" vision clearly puts forward three core goals: first, performance upgrades, increasing Ethereum mainnet L1 TPS to 10,000 and L2 TPS to 1 million to achieve large-scale expansion; second, extreme reliability, ensuring 100% network uptime and the ability to resist threats such as quantum computing and state-level censorship; third, three core upgrades: "Beacon Chain 2.0" for the consensus layer, "post-quantum blobs 2.0" for the data layer, and "EVM 2.0" for the execution layer, comprehensively advancing Ethereum's security, performance, and decentralization.

Strategy Announces $4.2 Billion STRC Stock Offering Plan

According to a Strategy announcement, Strategy Inc. (NASDAQ: MSTR/STRK/STRF/STRD/STRC) has signed a sales agreement to issue and sell up to $4.2 billion worth of Variable Rate Series A Perpetual Preferred Stock (STRC Stock) through an "At-The-Market Offering Program" (ATM Program). The company stated that the proceeds will be used for general corporate purposes, including Bitcoin acquisitions, working capital, and payment of preferred stock dividends.

Strategy Q2 Achieves $14 Billion in Operating Revenue, $10 Billion in Net Profit

According to a Strategy announcement, in Q2 2025, the company achieved $14 billion in operating revenue, $10 billion in net profit, and earnings per share of $32.60. The company released its 2025 full-year performance guidance, expecting $34 billion in operating revenue, $24 billion in net profit, and earnings per share of $80. Meanwhile, 2025 Bitcoin-related target metrics were raised to 30% BTC yield and $20 billion in BTC dollar gains.

Pump.fun Registers Subdomain, May Launch Transaction Fee Dashboard or Incentive Mechanism

According to BWEnews, Pump.fun recently registered the fee.pump.fun subdomain, possibly indicating that it will soon launch a transaction fee dashboard or a trading volume-based incentive program.

Apple's Q3 FY2025 Revenue Reaches $94.04 Billion, Increasing Investment in Artificial Intelligence

Apple (AAPL.O) CEO Tim Cook stated: The company has acquired 7 companies this year, and we are willing to accelerate our artificial intelligence roadmap through mergers and acquisitions. Apple is increasing investment in artificial intelligence and integrating it into various areas of the company. Apple is incorporating AI elements into devices, including writing and Siri functions. Apple (AAPL.O) FY2025 Q3 revenue was $94.04 billion, compared to $85.78 billion in the same period last year, with a market expectation of $89.53 billion. Among them, iPhone product line revenue was $44.58 billion, with a market expectation of $40.22 billion. iPad product line revenue was $6.58 billion. Fiscal Q3 Greater China revenue was $15.369 billion. Fiscal Q3 services revenue was $27.423 billion.

A Newly Created Wallet Receives Another 23,314 ETH from Galaxy Digital, Valued at Approximately $88.27 Million

According to Onchain Lens, a newly created wallet has received another 23,314 ETH from Galaxy Digital, valued at approximately $88.27 million. Currently, this wallet holds a total of 62,966 ETH, with a total value of approximately $233 million.

Mill City Ventures Successfully Completes $450 Million Private Placement and Launches SUI Treasury Strategy

According to BusinessWire, Mill City Ventures III, Ltd. (NASDAQ: MCVT) announced the successful completion of a $450 million private equity financing and officially launched its pioneering Sui blockchain treasury management strategy. The financing was led by London-based digital asset hedge fund Karatage Opportunities, with equal participation from institutions such as the Sui Foundation. Karatage co-founders Marius Barnett and Stephen Mackintosh serve as Chairman of the Board and Chief Investment Officer, respectively. Mill City currently holds 76,271,187 SUI tokens, with an average purchase price of $3.6389 per token, becoming the only listed company SUI treasury officially supported by the Sui Foundation.

Detailed Chart: Trump Sets Tariff Rates for Multiple Trading Partners Ranging from 10% to 41%

US President Trump signed an executive order, setting "reciprocal tariff" rates for multiple countries and regions, with specific rates ranging from 10% to 41%. For EU countries, if the current tariff on goods is below 15%, it will be increased to 15%; those above 15% will not be additionally increased.

US Stocks Close: Three Major Indices Fall Together, New Stock Figma Surges 256%

US stocks closed on Thursday, with the Dow initially closing down 0.74%, the S&P 500 down 0.37%, and the Nasdaq Composite slightly lower. Microsoft (MSFT.O) rose 3.9%, failing to stabilize a $4 trillion market capitalization at the close; Meta (META.O) rose 11%; design software giant Figma rose 256% on its first day of listing. The Nasdaq Golden Dragon China Index closed up 0.66%, NIO (NIO.N) rose 8%, and Alibaba (BABA.N) rose 2.7%.

Coinbase Adds 2,509 Bitcoins in Q2, Total Holdings Reach 11,776

Coinbase CEO Brian Armstrong posted that Coinbase added 2,509 bitcoins in Q2 2025, with total holdings reaching 11,776. The cost basis is $740 million, and the fair value is $1.26 billion, a significant increase from Q1.

US SEC Chairman Announces Major Initiatives to Adapt to Cryptocurrency Development

According to Reuters, US Securities and Exchange Commission (SEC) Chairman Paul Atkins announced a series of regulatory reform plans aimed at adapting to cryptocurrency and blockchain transactions at the America First Policy Institute on Thursday (US time). Atkins stated that he has instructed the Commission to develop criteria for determining whether crypto tokens are securities and provide innovative exemptions and clear regulatory guidance for market participants. The newly established "Project Crypto" will promote the modernization of securities regulations and quickly implement the White House's recommendations on federal-level support for digital asset transactions. To adapt to the trading of tokenized securities, the US Securities and Exchange Commission may need to consider revising the "National Market System Rules." This move is considered a major positive for the US crypto industry and will accelerate the integration of crypto assets with traditional finance.

White House: To Impose 39% Tariff on Swiss Goods, Raise Canadian Tariffs from 25% to 35%

According to Jinshi, the White House stated: It will impose a 39% tariff on Swiss goods. The tariff rate on Pakistan is 19%. It will impose a 19% tariff on Malaysian goods; 20% on Vietnam. A 20% tariff will be imposed on Bangladesh. A 15% tariff will be imposed on Israel. In addition, US President Trump signed an executive order to raise tariffs on Canada from 25% to 35%, with the higher tariffs set to take effect on August 1, 2025 (local time).

Coinbase to Launch Tokenized Stocks and Prediction Markets in the US

According to CNBC, Coinbase announced that it will launch new services in the US in the coming months, including tokenized stocks, prediction markets, derivatives, and early token sales, planning to expand its core trading application beyond cryptocurrencies. Coinbase Vice President Max Branzburg stated that the company is committed to building a "one-stop on-chain exchange" to enable on-chain trading of all assets and promote a faster, more open global economy. The new services will gradually expand to international markets in the future, with specific progress depending on regulatory approvals in each region.

Puffer Finance Announces Upgrade of Puffer UniFi AVS, Offering Millisecond-Level Transactions

According to official news, Puffer Finance announced that Puffer UniFi AVS has been upgraded. Puffer UniFi AVS is secured by over $13 billion in re-staked ETH. Built on EigenCloud, it provides sub-second execution and economic interest alignment for Rollups through a validator-guaranteed gateway and real-time pre-confirmation mechanism. The pre-confirmation mechanism has become the default solution for Rollup-based scaling solutions, enabling real-time execution and economic consistency. Puffer UniFi AVS offers the following features: 1. L2 network execution pre-confirmation; 2. Millisecond-level transactions for high throughput; 3. Economic alignment between Rollup owners and Ethereum proposers.

"Ancient Whale Holding 3,963 BTC for 14.5 Years" Sells Another 180 BTC

According to on-chain analyst @ai_9684xtpa, the "ancient whale holding 3,963 BTC for 14.5 years" sold another 180 BTC. In the past week, it has allegedly sold 330 BTC, worth approximately $39.04 million, with a cost as low as $0.37. Half an hour ago, 180 BTC (approximately $21.25 million) was transferred to the market maker-related address bc1q5...zr2xn, which has interacted with multiple institutions such as B2C2, Galaxy, and Coinbase.

Value of American Bitcoin Shares Held by Trump's Second Son May Reach $367 Million

According to Bloomberg, Eric Trump, the second son of Trump, holds a large stake in American Bitcoin, a company he co-founded in March this year. According to securities documents filed on Tuesday, in a planned merger, his equity will be exchanged for approximately 367 million new shares of Nasdaq-listed Gryphon Digital Mining Inc. Gryphon's stock price was about $1 on Thursday, and his shares could be worth $367 million when they go public in the coming weeks. The merged company will be named American Bitcoin.

Tether: Total Holdings of US Treasuries Exceed $127 Billion, Q2 Net Profit Approximately $4.9 Billion

According to the official blog, Tether International Limited (TIL) today released its Q2 2025 attestation report, showing that USDT issuance exceeded $13.4 billion in Q2 2025, bringing its circulating supply to over $157 billion (an increase of $20 billion year-to-date). As of the end of Q2, Tether's total holdings of US Treasuries exceeded $127 billion, an increase of approximately $8 billion from Q1, making it one of the largest holders of US Treasuries globally. Meanwhile, the shareholder capital of the company managing reserve assets remained stable compared to the previous quarter, at approximately $5.47 billion. Tether's total net profit in Q2 was approximately $4.9 billion, bringing the total net profit for the first half of the year to $5.7 billion. Year-to-date, TIL's recurring profit is $3.1 billion, excluding contributions from the market value of gold and Bitcoin (which added $2.6 billion). As of June 30, 2025, the company's total assets are at least $162,574,933,798; the company's total liabilities are $157,108,009,474, of which $157,100,255,857 is related to issued digital tokens; the company's assets exceed its liabilities; the company's proprietary investments in emerging areas such as artificial intelligence, renewable energy, and communication infrastructure through Tether Investments are not included in the reserves for issued tokens.

US Appeals Court Overturns Fraud Conviction of Former OpenSea Product Manager

According to The Block, on Thursday, the US Second Circuit Court of Appeals ruled to overturn the fraud and money laundering convictions of former OpenSea product manager Nathaniel Chastain, citing disputes over whether the涉案 NFT information constitutes property. The judge partially agreed with his appeal, stating that the district court made an error in instructing the jury by telling them that Chastain could be convicted of defrauding OpenSea of property if he misappropriated intangible interests unrelated to traditional property rights, and this error may have affected the verdict. In June 2022, Chastain was accused of using confidential information to secretly purchase dozens of NFTs before they went online on the OpenSea platform, then selling them for two to five times the original price for profit. The judge stated that it cannot be determined whether the jury would have reached the same verdict if it had received correct instructions (that fraud requires the misappropriation of property interests). The judges also noted that Chastain accused OpenSea founder Devin Finzer of purchasing MATIC tokens before OpenSea announced that it would integrate the blockchain associated with him into the NFT platform. Thursday's ruling stated: "Chastain believes that evidence that Finzer 'used similar company information for personal gain' would show that the co-founder 'did not believe that company policies prohibited executives or employees from using similar company information for personal gain.'"

Bernstein: Crypto Bull Market Cycle "Still in Early Stages" Given Latest Developments at Robinhood and Coinbase

According to The Block, on Thursday, Bernstein stated in a report to clients that the current crypto bull market cycle is still in its early stages, and trading platforms such as Robinhood and Coinbase are expected to profit from increased trading volume and mainstream market adoption. Bernstein reaffirmed its "outperform" rating on both companies, maintaining confidence in their performance. The report showed that Robinhood's Q2 results released on Wednesday were impressive, and it continues to expand cryptocurrency products. Its trading volume surged to a six-month high in July, driven by a rebound in market volatility and growing investor interest in ETH, SOL, and DeFi tokens influenced by factors such as Circle's listing, with cryptocurrency trading volume expected to rebound significantly in the second half of the year. In addition, the report mentioned Coinbase's strategic cooperation with JPMorgan Chase, which has greatly promoted the popularization of digital assets. JPMorgan Chase's embrace of an industry once criticized by its CEO will accelerate Coinbase's customer acquisition. Bernstein believes that the current crypto bull market is still early, and recent developments confirm this view, and there is "no need to take action" at present.

Malware "JSCEAL" Forges Fake Ads for Cryptocurrency Apps, Potentially Reaching Over 10 Million Users  

According to FinanceFeeds, cybersecurity firm Check Point disclosed that since March 2024, a large-scale malware campaign named "JSCEAL" has potentially targeted over 10 million users by forging fake ads for well-known cryptocurrency apps such as Binance and MetaMask. These ads lure users into downloading malware-infected programs that can steal passwords, Telegram accounts, and Bitcoin wallet information.  

The attacks spread through social media ads and counterfeit websites. The malware can log keystrokes, steal passwords stored in browsers, and tamper with crypto plugins like MetaMask to directly steal assets. It uses JavaScript obfuscation and anti-detection techniques, making it difficult to identify with conventional security tools. At least 3.5 million users in the EU have been exposed to these ads, with Asia also being a hard-hit region. Experts note that while ad exposure does not equate to actual infection, the scale of the threat is alarming given the irreversible nature of cryptocurrency transactions. Users are advised to download apps only through official channels and enable protective measures such as two-factor authentication.  

Grayscale Launches Story Protocol Trust  

According to CoinDesk, Grayscale announced the launch of the Story Protocol Trust, offering qualified investors exposure to the protocol’s native token, IP. Story Protocol aims to transform intellectual property—such as music, videos, and biometric data—into programmable on-chain assets, with smart contracts automating copyright management and royalty distribution. Like other Grayscale products, the Story Trust will open daily subscriptions to qualified investors but does not guarantee secondary market trading.  

Stable, a Tether-Focused Blockchain, Completes $28 Million Seed Round Led by Bitfinex and Hack VC  

According to CoinDesk, Stable, a new blockchain project built around Tether’s USDT, announced the completion of a $28 million seed round led by Bitfinex and Hack VC. Other backers include Franklin Templeton, Castle Island Ventures, KuCoin Ventures, as well as angel investors such as Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson.  

The Stable blockchain aims to use USDT as the base gas token, creating a fast, low-cost stable payment network. Its roadmap has three phases: Phase 1 enables USDT to pay gas fees and achieve sub-second block confirmations; Phase 2 guarantees block space for enterprise-level payments; Phase 3 focuses on developer tools and performance upgrades.  

Bloomberg: Swedish Payment Giant Klarna Considers Restarting U.S. IPO as Early as September  

Bloomberg reports that sources indicate Swedish payment giant Klarna Group Plc is considering restarting its New York IPO as early as September, amid a recent surge in fintech stocks and strong performance of U.S. listed companies. The digital payment firm is accelerating preparations for its initial stock sale, though discussions are ongoing and details—including timing—remain unfinalized.  

Klarna filed for an IPO with the U.S. SEC in March and planned to begin marketing its shares to potential investors. However, the company paused the plan due to market volatility triggered by Trump’s announcement of broad tariffs in April. Recently, Klarna has positioned itself as a digital bank offering services ranging from checking and savings accounts to credit and debit cards. Earlier in February, Klarna’s CEO stated that Klarna and individuals would embrace cryptocurrencies.  

Key U.S. Inflation Indicator Rises as Consumer Spending Stagnates  

According to Jinshi, the Federal Reserve’s preferred core inflation indicator accelerated in June, reaching one of the fastest paces this year, while consumer spending barely grew—highlighting factors dividing policymakers on interest rate directions. Data released Thursday showed the "core Personal Consumption Expenditures (PCE) Price Index," which excludes food and energy, rose 0.3% from May and 2.8% year-on-year, reflecting limited progress in taming inflation over the past year.  

Inflation-adjusted consumer spending edged up in June after a decline in May. These figures underscore economic tensions splitting Fed officials: while inflation progress has largely stalled, central bankers worry Trump’s tariffs could exert further upward pressure on prices. Conversely, reduced consumer spending due to a weakening job market may slow the broader economy.  

Galaxy Report: Corporate Cryptocurrency Holdings Surpass $100 Billion  

According to Cointelegraph, a report released Thursday by Galaxy Research states that corporate crypto financial firms—including Strategy, Metaplanet, and SharpLink—have accumulated $100 billion in digital assets. The report notes that Bitcoin-focused firms hold the majority, with over 791,662 Bitcoins on their books (worth ~$93 billion), accounting for 3.98% of circulating supply. Ethereum-focused firms hold 1.3 million ETH (worth over $4 billion), representing 1.09% of Ethereum’s supply.  

However, The Block previously reported that the total value of ETH treasury reserves across 64 entities—including listed companies, crypto exchanges, DeFi protocols, nonprofits, and federal government reserves—has exceeded $10 billion.  

U.S. Core PCE Price Index Rises 2.8% YoY and 0.3% MoM in June  

According to Jinshi, the U.S. core PCE Price Index rose 2.8% year-on-year in June, above the expected 2.70%, with the previous figure revised up from 2.70% to 2.8%. Month-on-month, the index rose 0.3%, in line with expectations, compared to 0.20% in the prior month.  

Listed Company Empery Digital Adds 303 Bitcoins, Total Holdings Rise to 3,803  

According to an official announcement, U.S. listed firm Empery Digital (formerly Volcon) announced the purchase of 303 additional Bitcoins, bringing its total holdings to 3,803.  

Visa Supports Paxos-Issued USDG and PYUSD in Its Stablecoin Settlement Service  

Stablecoin issuer Paxos stated on X that Visa announced support for Paxos-issued USDG and PYUSD in its stablecoin settlement service. Additionally, official sources note Visa has added support for the Stellar and Avalanche networks.  

Circle: Native USDC and CCTP V2 to Launch on Hyperliquid  

In an official blog post, Circle announced that native USDC and CCTP V2 will soon launch on Hyperliquid, deployed on HyperEVM to enable USDC deposits into HyperCore and any HyperEVM applications. With CCTP V2, developers will:  

- Allow users to securely transfer native USDC between Hyperliquid and supported blockchain networks with 1:1 capital efficiency;  

- Build applications for seamless cross-chain access, swaps, purchases, fund rebalancing, and more, with a smooth user experience.  

Analysis: Two Early 50-BTC Transactions from Dormant Addresses Unlikely Mined by Satoshi  

Whale Alert stated on X that its research indicates two early 50-BTC transactions from dormant addresses were mined near the end of Satoshi’s active period (before block 54,316). However, these blocks were highly unlikely to have been mined by Satoshi. A full list of blocks potentially mined by Satoshi will be released soon.  

White House Seeks "Swift Confirmation" of Brian Quintenz as CFTC Chair  

Bloomberg reports that after delays in confirming Brian Quintenz as chair of the U.S. Commodity Futures Trading Commission (CFTC) sparked speculation about his candidacy, the White House reaffirmed support for Trump’s nominee. Attention intensified after the Senate Agriculture Committee abruptly canceled a confirmation vote for Quintenz on Monday; the committee must first approve his nomination before a full Senate vote. At the time, a committee spokesperson cited a White House request to delay.  

Sources note that prior to the delay, crypto billionaire Tyler Winklevoss urged the White House to halt or postpone the confirmation. However, the White House clarified on Wednesday that Quintenz remains the administration’s sole candidate for the role. Spokesperson Liz Huston stated he would help make the U.S. a "crypto capital" and expressed hope for swift confirmation.  

Quintenz, who served as a CFTC commissioner from 2017 to 2021, has since worked as an executive at a16z’s crypto division and served on the board of prediction market platform Kalshi. He has stated he will resign from both roles if confirmed.  

AllUnity, Backed by DWS, Flow Traders, and Galaxy, Launches Euro Stablecoin EURAU  

Bloomberg reports that AllUnity—supported by Deutsche Bank’s DWS Group, Dutch market maker Flow Traders Ltd., and financial services provider Galaxy Digital Inc.—announced Thursday the launch of EURAU, a euro-denominated stablecoin. Issued on the Ethereum blockchain, the token is fully collateralized by reserves at European banks, complies with the EU’s crypto asset regulatory framework, and lists first on the Bullish exchange.  

AllUnity CEO Alexander Höptner stated that while initial focus is on crypto market adoption, the ultimate goal is to become a widely used payment method for large enterprises. The company is in talks with 30 firms about adoption, though names were not disclosed. Earlier this month, AllUnity obtained an e-money institution license from Germany’s BaFin under the EU’s MiCA framework before launching EURAU.  

A Whale Exits Hyperliquid with $13.6 Million Profit, Then Buys 3,322 ETH Spot  

According to Lookonchain, whale 0x720A exited Hyperliquid with a $13.6 million profit, then ceased perpetual contract trading and bought 3,322 ETH spot (worth $12.84 million).  

Pudgy Penguins CEO: Team Participating in U.S. Crypto Legislation; PENGU ETF to Include Tokens and NFTs  

Pudgy Penguins CEO Luca Netz stated that the Pudgy Penguins team, alongside Abstract, is officially advising on U.S. cryptocurrency legislation and has traveled to Washington, D.C., multiple times to submit recommendations. The team has filed for a PENGU ETF, which will include PENGU tokens and NFTs.  

CBOE Proposes Simplified Listing Process for Cryptocurrency ETFs  

Official sources note that the Chicago Board Options Exchange (CBOE) submitted a proposal suggesting cryptocurrency ETFs meeting standardization requirements could bypass case-by-case SEC approval for automatic listing. The proposal states that if a crypto asset has traded in regulated futures markets for over six months, its associated ETF would qualify for listing. It also requires staking-based ETFs to develop liquidity risk management plans if over 15% of assets are not immediately redeemable.  

Data: Total Value of ETH Treasury Reserves Across 64 Entities Exceeds $10 Billion  

The Block reports that the total value of Ethereum reserve assets has surpassed $10 billion, reflecting a growing trend of enterprises adding ETH to their balance sheets. SER data shows that as of Thursday, strategic ETH reserves—held by 64 entities with over 100 ETH each—totaled $10.58 billion, accounting for 2.26% of Ethereum’s total supply.  

This $10 billion includes reserves from listed companies, crypto exchanges, DeFi protocols, nonprofits, and federal governments. The largest ETH holder is Bitmine Immersion Tech, which shifted focus from Bitcoin mining to ETH accumulation. It holds 625,000 ETH (worth $2.42 billion); company chairman Tom Lee previously stated a goal to acquire and stake 5% of Ethereum’s total supply. Joseph Lubin’s SharpLink Gaming follows with 438,200 ETH. Third-ranked The Ether Machine announced the purchase of 15,000 ETH on Wednesday, bringing its reserves to 334,800 ETH. These three firms now hold more ETH than the long-dominant Ethereum Foundation, which currently holds 234,600 ETH.  

South Korean Financial Regulators to Issue "Cryptocurrency Lending Services" Guidelines Next Month  

According to Yonhap News, South Korea’s Financial Services Commission and Financial Supervisory Service today formed a task force (TF) with the Digital Asset Exchange Association (DAXA) and five crypto exchanges, holding its first meeting to develop "virtual asset lending service guidelines." The TF will integrate overseas regulations, stock market rules, and Korean market characteristics to establish a basic regulatory framework.  

The guidelines are expected to cover leverage, eligible users, permissible lending assets, user education, and risk disclosures, as well as exchange internal control standards. Regulators also ordered exchanges to review high-risk services. Authorities plan to issue the guidelines next month and incorporate them into phase-two virtual asset legislation.  

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