Odaily News: According to the 10-Q filing submitted by the Grayscale XRP Trust ETF to the U.S. SEC, the fund sold over $180 million worth of XRP in the first half of 2026, with its holdings decreasing from 122.23 million coins at the end of 2025 to 55.04 million coins as of June 30.
Affected by share redemptions, the fund realized a loss of $34.16 million from selling XRP, along with an unrealized loss of $17.47 million. During the same period, the price of XRP fell by over 40%.
Odaily News: Four industry sources say that a proposed agreement between Iran and Oman would grant Tehran control over vessels entering the Gulf through the Strait of Hormuz, but the agreement is difficult to implement due to U.S. sanctions and restrictive insurance clauses on any payments. (Reuters)
Odaily News Stablecoin issuer Tether has announced that its asset tokenization platform Hadron will provide real estate asset tokenization technology for institutional investors in Saudi Arabia, bringing traditional real estate assets on-chain.
Tether stated that it will collaborate with local Saudi partner First Data and fintech company BKN301 to provide institutional clients with infrastructure support for the issuance, management, and digitalization of real estate assets. In the future, this model could expand to other real-world asset (RWA) sectors such as energy and infrastructure financing.
This move is Tether's latest initiative to expand from its stablecoin business into the real-world asset tokenization space. Tether launched the Hadron platform in 2024 to streamline the asset tokenization process, and is currently one of the world's largest issuers of tokenized gold assets, with its gold token XAUT reaching approximately $2.6 billion in size.
In recent years, banks and asset management institutions have been exploring the tokenization of traditional assets such as money market funds, private credit, real estate, and equities on blockchain to improve settlement efficiency, broaden investor reach, and optimize capital utilization. Citigroup previously forecast that the tokenized securities market could reach $5.5 trillion by 2030.
Saudi Arabia is actively exploring the application of blockchain technology in financial services, government, and supply chains as part of its economic diversification strategy under Vision 2030.
Tether CEO Paolo Ardoino stated that with the digital transformation opportunities brought by Vision 2030, Saudi Arabia is an ideal market to demonstrate the value of the Hadron platform. (CoinDesk)
Odaily News: The U.S. Department of Justice announced that Liu Zhou, founder and principal operator of crypto financial services company MyTrade, was fined $10,000 by a federal court in Boston for his involvement in a crypto market manipulation scheme. Prosecutors stated that MyTrade provided "volume support" services to crypto project teams through its MyTrade MM platform, using bots to execute fraudulent trades across multiple crypto exchanges, artificially inflating trading volume and market activity to mislead investors.
Odaily News: Alphabet (GOOG.O) has received approximately $115 billion in orders for its latest mega bond issuance, indicating that investors are regaining interest in debt tied to the AI boom following a recent sell-off. According to sources familiar with the matter, the demand attracted by this bond issuance exceeded four times the upper limit of the expected issuance size of $25 billion. This demand surpassed the subscription scale of other recent AI-related bond issuances by companies such as Amazon and SpaceX. Alphabet offered investors relatively higher issuance concessions to attract demand. (Jin Shi)
Odaily News: Nvidia is weighing a major adjustment, considering the use of less high-bandwidth memory for its Rubin Ultra GPUs to address the shortage of advanced HBM chips. It is reported that Nvidia is testing at least three Rubin Ultra GPU variants. (The Information)
Odaily News, according to MLM monitoring, TradeXYZ's fee receiving wallet has recently used perpetual contract (Perps) trading fee revenue to purchase HYPE tokens for the first time. Two days ago, TradeXYZ transferred 250,000 USDC from its perpetual contract fee wallet (used for accumulating Perps trading fees) to its spot wallet, and purchased approximately 2,000 HYPE tokens, worth about $110,000. Subsequently, this portion of HYPE was used to purchase HIP-3 trading pairs.
The latest data shows that TradeXYZ has again transferred 500,000 USDC to its spot wallet and has begun continuously purchasing approximately 9,000 HYPE tokens—worth about $500,000—through a TWAP (Time-Weighted Average Price) strategy. Previously, TradeXYZ's HYPE funds used to purchase new HIP-3 trading pairs mainly came from spot trading fee revenue. However, this is the first time it has used perpetual contract fee revenue for HYPE purchases.


