1. Popular CEX currencies

Top 10 CEX trading volume and 24-hour price changes:

1. ETH +1.78%
2. BTC +0.45%
3. TRX +5.38%
4. ERA -5.01%
5. XRP +1.07%
6. SOL +0.44%
7. BNB -0.91%
8. DOGE +1.10%
9. SUI -2.35%
10. CFX +7.90%

24-hour price increase list (data source: OKX):

1. SPK +16.06%
2. ZBCN +15.03%
3. PUMP +14.50%
4. NAVX +13.13%
5. J +9.22%
6. MAJOR +8.88%
7. RPL +7.83%
8. VRA +7.58%
9. BAT +6.85%
10. ICE +6.69%

2.24 Hour Hot Search Coins

• PUMP: PUMP is the utility token of Pump.fun, a meme-coin launch platform on Solana. It is used for governance, launching new coins, and participating in ecosystem mechanisms like PumpSwap. Its price has fallen by approximately 25% over the past seven days.
• CFX: CFX is the native token of the Conflux blockchain, a decentralized layer-1 public blockchain that allows cross-border protocol interoperability and uses a hybrid PoW/PoS consensus mechanism. It has risen approximately 8% over the past 24 hours.

Headlines

The US SEC is considering adding a staking mechanism to BlackRock's Ethereum ETF and has postponed the decision on Grayscale's Litecoin ETF.

The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that it is reviewing BlackRock's application to introduce an Ethereum staking mechanism in its iShares Ethereum Trust and is seeking public comment on the related rule changes. This change, submitted by Nasdaq, follows similar applications from companies like 21 Shares and Grayscale. This move is seen as a sign of a loosening regulatory stance. Since Trump took office in January, the SEC has begun reviewing numerous crypto ETF proposals. Previously, under the Biden administration, the SEC approved spot Bitcoin and Ethereum ETFs, but explicitly excluded staking functionality. On the same day, the SEC postponed its decision on Grayscale's Litecoin ETF application until October 10th and approved a rule change allowing for physical subscriptions and redemptions for ETFs, further signaling its support.

US SEC approves physical redemption mechanism for Bitcoin and Ethereum ETFs

According to market news, the U.S. Securities and Exchange Commission (SEC) has officially approved the physical redemption mechanism for Bitcoin and Ethereum ETFs.

Linea announced its token economic model, with an initial circulation of approximately 22%, 9% used for airdrops, and 80% of revenue used for buybacks.

On July 29th, Linea, the Ethereum Layer 2 network, announced the tokenomics of its LINEA token. LINEA is not a gas token; transactions on Linea use ETH for transaction fees. Both ETH and LINEA are double-burned through the Layer 2 fee mechanism. The total supply of LINEA tokens is 72 billion, with 85% allocated to the ecosystem and 15% to the Consensys treasury, which has a five-year lockup period. There are no investor or employee reserves. The core purpose of the token is to reward real usage, incentivize builders, and support Ethereum public goods. Approximately 15.8 billion tokens (approximately 22%) will be in circulation at the Time General Evolution (TGE), covering airdrops for early adopters, ecosystem incentives, and liquidity guidance.

Industry News

Foreign media: The White House is lobbying against a stock trading ban involving the president

According to Axios, US Republican Senator Josh Hawley's bill to ban stock trading by members of Congress is becoming a major challenge for the GOP. Several sources familiar with the matter revealed that due to opposition from Homeland Security Committee Chairman Rand Paul, Hawley needed Democratic support to pass the bill before a committee vote scheduled for Wednesday. Consequently, Hawley agreed to include language in the bill that would also extend the prohibition on certain investments by the president and vice president beyond the original scope limited to members of Congress. Sources also stated that upon learning of this, the White House Office of Legislative Affairs began lobbying against the stock trading ban.

The White House may delay the CFTC chairman nomination vote due to Brian Quintenz's continued position as a Kalshi director.

Crypto journalist Eleanor Terrett revealed that the White House postponed the vote on the CFTC chairman nomination, suspected that the nominee Quintenz's team sought to obtain confidential CFTC information involving competitors such as Polymarket and PredictIt while he was still a director of Kalshi, and the related conflict of interest issues attracted attention.

Project News

Ethereum 10th Anniversary Torch Commemorative NFT Free Minting Now Available

The Ethereum Foundation announced that the free minting of the Torch commemorative NFT is now open, with minting ending at 24:00 (UTC+8) on July 31st. Ethereum previously announced the launch of "The Torch" NFT, a tribute to the people and values that have shaped Ethereum's development during its first decade and will contribute to its future development. The Torch NFT will symbolically be passed between wallets and destroyed to commemorate Ethereum's tenth anniversary. Additionally, anyone can mint a commemorative NFT on July 30th.

Strategy purchased another 21,021 Bitcoins, bringing its total holdings to 628,791 Bitcoins

Strategy, the Bitcoin vault company led by Michael Saylor, announced that it has purchased an additional 21,021 Bitcoins at an average price of approximately $117,300, bringing its total holdings to 628,791 Bitcoins, equivalent to approximately $74 billion at current market capitalization. This purchase was funded by Strategy's fourth round of "Stretch" preferred stock (STRC) offering, priced at $90 per share, raising approximately $2.521 billion. This marks the largest US IPO of 2025 to date and the largest perpetual preferred stock offering in the US stock market since 2009.

eToro plans to launch tokenized US stocks on the Ethereum blockchain

Nasdaq-listed eToro Group explained how the company is evolving its products as it moves towards a tokenized future in a recent global webinar. Yoni Assia, co-founder and CEO of the company, said it will expand its current 24/5 trading products, which already include tokenized gold (GOLDX) and silver (SLVX), and will soon launch ERC 20 tokens for US-listed company stocks on the Ethereum chain.

Bakkt, a listed company, plans to raise $75 million through a rights offering to purchase digital assets such as Bitcoin.

Bakkt, a New York Stock Exchange-listed company, has publicly priced an underwritten public offering of Class A common stock and/or pre-funded warrants. The company will issue 746,373 shares of Class A common stock at $10 per share and 6,753,627 shares of Class A common stock for gross proceeds of approximately $75 million. The company plans to use the proceeds to purchase Bitcoin and other digital assets, as well as for working capital and general corporate purposes.

NYSE-listed company Marti has launched a crypto treasury strategy, planning to allocate 20% of its cash reserves to BTC.

Marti Technologies, a Turkish super application development company listed on the New York Stock Exchange, announced the launch of a crypto treasury strategy, initially planning to allocate 20% of its cash reserves to hold BTC, and will subsequently expand this proportion to 50% and purchase other crypto assets such as Ethereum and Solana.

Investment and Financing

BTCS, a US-listed company, plans to raise $2 billion to expand its ETH reserves.

According to Cointelegraph, Nasdaq-listed BTCS Inc. plans to raise up to $2 billion through at-the-market (ATM) issuance, convertible bonds and warrants. The proceeds will be used to expand ETH reserves, working capital and other general corporate purposes.

Kraken seeks approximately $500 million in funding at a $15 billion valuation

Cryptocurrency exchange Kraken is seeking approximately $500 million in funding at a valuation of $15 billion.

Bit Digital's AI infrastructure company Whitefiber seeks $132.8 million in IPO

Whitefiber Inc., the artificial intelligence infrastructure subsidiary of crypto asset management company Bit Digital Inc., is seeking to raise $132.8 million through an initial public offering (IPO). According to documents filed with the U.S. SEC on Tuesday, the company plans to issue 7.8 million shares at a price of $15 to $17 per share. If priced at the upper limit of the offering price range, Whitefiber's market value will reach $592.6 million. The IPO issue price is expected to be determined in the week of August 4.

Shortwave Life Sciences Closes £250,000 Funding Round and Plans to Launch Digital Asset Treasury Strategy

Shortwave Life Sciences announced the completion of a £250,000 funding round and will launch its digital asset treasury strategy. The company has appointed new board members and crypto advisors to drive this strategic transformation. This move marks Shortwave's official entry into the crypto asset space.

Character Voice

Dragonfly Partner: The U.S. Department of Justice has clarified that it will not bring charges against Dragonfly and its employees

In response to the news that the US Department of Justice is considering bringing charges against Dragonfly employees in the TornadoCash case, Dragonfly partner Haseeb posted another article and posted court transcripts, saying: "Monday's court transcript shows that the US Department of Justice has clarified that media reports that they plan to file a lawsuit against Dragonfly are inaccurate. Neither Dragonfly nor any of its principals are targets of their investigation... As an investor, Dragonfly could face prosecution simply for supporting an open source privacy technology. This is not only unprecedented, but also a clear violation of Department of Justice policy."

BlackRock: The US GENIUS Act sets a stablecoin framework and may boost the US dollar

BlackRock strategists say that new U.S. stablecoin regulations could enhance the dollar's competitiveness. The recently signed Genius Act sets a framework for stablecoins (cryptocurrencies pegged to the dollar), which will create a tokenized dollar system for global payments, thereby consolidating the dollar's dominance. Furthermore, with the support of the bill, emerging markets will have easier access to dollars rather than using unstable local currencies.