Odaily Odaily reports that on-chain wealth management platform Grvt has released details of its Token Generation Event (TGE). GRVT will hold its TGE on July 30, 2026.
The airdrop query and claim function will open at 21:00 on July 30. The total airdrop pool is fixed at 280 million GRVT tokens, with 100 million allocated for Season 1 and 180 million for Season 2. All distributions will be released in batches over 12 months.
Users who completed registration and selected a receiving chain before July 17 will receive their first batch of tokens automatically. Users who register later or belong to subsequent batches will need to claim tokens within the app. Tokens not claimed within 30 days of each batch's opening will expire. The registration window closes at 08:00 on August 6, 2026.
Grvt stated that after the TGE, it will also launch two products: "Stable Funding Perpetual Swaps" and "Unified Margin RWA Vault."
Odaily Odaily reports that according to Gate data, Hong Kong-listed storage concept stocks have continued their decline from yesterday, with the CSOP 2x Hynix (07709.HK) falling over 25% again.
Additionally, the CSOP 2x Samsung Electronics (07747.HK) dropped over 16.6%, while Montage Technology (06809.HK) and GigaDevice (03986.HK) also fell over 10.5% each.
Odaily Planet Daily News: The Bank of Korea governor stated that maintaining a tight policy to control core inflation is the most rational choice. (Jinshi)
Odaily Planet Daily News Apple's stock price hit an all-time high during Tuesday's trading session, briefly surpassing a market cap of $5 trillion and continuing to hold the top spot globally. According to CoinGlass data, the total open interest for Apple (AAPL) contracts across all platforms is approximately $128 million. In terms of platform distribution, tradeXYZ, Binance, and Bitget rank in the top three in open interest, collectively accounting for about 85.02% of the market share. Among them:
tradeXYZ: Open interest of approximately 219,200 AAPL, corresponding to a value of $74.9307 million;
Binance: Open interest of approximately 80,300 AAPL, corresponding to a value of $27.4616 million;
Bitget: Open interest of approximately 18,900 AAPL, corresponding to a value of $6.4609 million.
Odaily reports that Uzbekistan has officially launched its first tax-free crypto mining zone, the Besqala Mining Valley.
Miners in this zone can enjoy tax exemptions until 2035, but are required to pay 1% of their revenue as a fee and cover electricity costs at double the standard rate. The relevant legislation was signed in April this year. (Cointelegraph)
Odaily: The Korea Exchange has triggered a circuit breaker on the KOSDAQ index, suspending trading for 20 minutes. (Jin Shi)
Odaily Planet Daily News According to Gate data, the downward momentum of South Korea's KOSPI index continues, with its intraday decline widening to 8%, bringing its cumulative loss this month to 35%. SK Hynix's intraday decline expanded to nearly 12%, while Samsung Electronics fell by 7.5%.
According to SoSoValue data on July 29th, the crypto market sectors experienced a partial rebound. The NFT sector performed notably, rising 8.07% in 24 hours. Within this, Audiera (BEAT) rose 20.20%, while APENFT (NFT) and Pudgy Penguins (PENGU) increased by 0.48% and 0.49% respectively. The PayFi sector rose 1.03%, with Trust Wallet (TWT) climbing 4.14%.
In other sectors, the CeFi sector rose 0.90% in 24 hours, with OKB (OKB) up 1.69%; the Layer1 sector rose 0.43%, with Cardano (ADA) up 4.98%; the Layer2 sector rose 0.40%, with Optimism (OP) up 1.60%; the DeFi sector traded flat at 0.00%, but Lighter (LIT) rose 6.06%; the Meme sector fell 0.10%, although Cheems Token (CHEEMS) bucked the trend by rising 10.94%.
Reflecting the historical performance of these sectors, the crypto sector indices show that the ssiRWA, ssiPayFi, and ssiLayer1 indices rose by 2.07%, 1.43%, and 1.29% respectively.
Odaily Odaily News DRW Founder and CEO Don Wilson stated in a post that there is a widespread misunderstanding of perpetual futures among markets and regulators, and that perpetual contracts are essentially futures contracts with no expiration date.
Wilson pointed out that features such as high leverage, auto-deleveraging (ADL), 24/7 trading, and continuous margin settlement are not inherent attributes of perpetual contracts, but rather product mechanisms designed by crypto trading platforms based on digital collateral and real-time margin calculation environments.
He stated that the core innovation of perpetual contracts lies in eliminating the need for investors to repeatedly roll over positions, which can reduce trading costs, market impact, and rollover slippage, allowing positions to operate closer to the front end of the futures curve.
Regarding the U.S. regulatory debate on whether perpetual contracts should be classified as futures or swaps, Wilson believes the decision should be based on economic substance. He argues there is no reason for perpetual contracts to be classified as swaps simply because they lack an expiry date, as their nature remains that of futures. He called for the wider application of perpetual futures in commodity, securities, and crypto asset markets for price discovery and risk management.
Odaily News, On July 28th Eastern Time, the Morgan Stanley Solana Trust (ticker: MSOL) officially listed on NYSE Arca, bringing the total number of listed SOL spot ETFs to 9.
According to SoSoValue data, on its first day of listing, MSOL recorded zero net inflow, with a trading volume of $19.03 million and total net assets of $1 million. MSOL supports a cash creation/redemption mechanism, with a management fee of 0.14%, and plans to support Solana staking yield mechanisms.
Yesterday, only the Bitwise Solana Staking ETF (BSOL) saw net outflows, with a single-day net outflow of $18.0734 million. Its cumulative historical net inflow currently stands at $891 million.
As of press time, the total net asset value of SOL spot ETFs stands at $852 million, with a net asset ratio of 1.99% for SOL. The cumulative historical net inflow has reached $1.127 billion.
Odaily: U.S. Senators Ruben Gallego and Thom Tillis are finalizing a bipartisan ethics counterproposal regarding the CLARITY Act, with plans to submit it to the White House within days. (Cointelegraph)
