Odaily Planet Daily News CZ predicted in an interview that the global competition for Bitcoin and cryptocurrencies is coming, and warned that countries that delay adoption will be forced to buy at higher prices. (Cointelegraph)

According to Odaily Planet Daily, social gaming platform STAN announced it has secured $8.5 million in funding, with participation from Google's AI Futures Fund, Aptos Labs, Bandai Namco 021 Fund, Square Enix, Nazara, King River Capital, General Catalyst, and GFR Fund. This brings the company's total funding to approximately $15 million. The company monetizes through "Gems," rewards for winning in games, commissions from its Creator Club, and support for redemption of e-commerce vouchers like Amazon. (TechCrunch)

Odaily Planet Daily News: Circle's successful IPO is inspiring other cryptocurrency companies to explore going public, as buying shares in a publicly listed company is far easier than participating in a Curve Finance liquidity pool or trying to predict which Memecoin will increase 100-fold in the future. Analysts believe that "crypto IPO season" is approaching. While some critics worry that the cryptocurrency IPO boom could stifle the altcoin market, those who believe that cryptocurrency IPOs will replace altcoin projects only see half the picture. These stock listings are undoubtedly good news for altcoins, as they signal that cryptocurrencies have been widely accepted and have become a legitimate part of the financial ecosystem. (Forbes)

According to market sources, SOFR traders continue to bet that the Federal Reserve will cut interest rates by 50 basis points in September. (Zhitong Finance)

According to Odaily Planet Daily, Jacob Wittman, General Counsel of the Plasma Foundation, announced in a post on the X platform that the Plasma Foundation has officially become a member of the Blockchain Association, a US blockchain industry lobbying organization. The Association plays a key role in advocating for digital asset policy. The Plasma team will participate in subsequent industry dialogues with Dan Spuller, Summer Mersinger, and others.

Odaily Planet Daily News: OpenAI announced on Monday that its ChatGPT will reach 700 million weekly active users this week, an increase from 500 million in March, marking a more than four-fold year-on-year increase in its user base. The company said that this data covers all of ChatGPT's artificial intelligence products, including the free version, Plus Pro version, enterprise version, team version and education version, and the daily user message volume has exceeded 3 billion. Compared with the 2.5-fold year-on-year growth rate in the same period last year, the current growth rate is still accelerating. As more and more companies and educational institutions integrate artificial intelligence tools, the number of paid commercial users of OpenAI's ChatGPT has increased from 3 million in June to 5 million. OpenAI's annual recurring revenue has now increased from US$10 billion in June to US$13 billion, and the company is expected to exceed US$20 billion by the end of the year.

According to Odaily Planet Daily, Magic Eden announced on the X platform that the third season rewards are coming soon, the second season leaderboard has been locked, and the rewards are expected to be distributed on August 6, totaling nearly 6 million US dollars.

Odaily Planet Daily reports that Greeks.live released an English community briefing, noting that the community expressed cautious optimism, with traders anticipating a price rebound rather than an immediate new high, while maintaining a mixed position of short call and put options. The altcoin market showed significant divergence, with some traders remaining bullish on ETH, believing its price target would exceed $5,000.

Odaily Planet Daily reported that the Hong Kong Monetary Authority may conditionally allow currency mismatching in some stablecoin cases. Licensed institutions must prove that they have the ability to maintain full redemption at all times, including under extreme and market pressure conditions, and ensure that any currency mismatch measures will not transfer risks to stablecoin holders. In addition, licensed institutions must discuss and obtain approval from the Hong Kong Monetary Authority before proposing plans such as the composition and proportion of reserve assets and risk management measures. In addition, the Hong Kong Monetary Authority does not prohibit licensed institutions from hiring distributors outside of Hong Kong. However, licensed institutions should conduct due diligence and risk assessments before hiring, and continuously monitor the entire process, while following relevant third-party risk management measures. Licensed institutions should also pay special attention to complying with local laws and regulations. (Mobile Payment Network)

According to on-chain analyst Yu Jin, an Ethereum trader with a 75% win rate cut his short position by 20,000 ETH (approximately $68 million) today. The trader previously held a total short position of 50,000 ETH, turning a profit of $12.25 million yesterday into a loss of $840,000. Currently, the trader still holds a short position of 30,000 ETH, worth approximately $110 million, with an opening price of $3,634 and a liquidation price of $3,701.

According to Odaily Planet Daily, Coinglass data shows that in the past hour, the entire network had a liquidation of 45.2246 million US dollars, of which short positions had a liquidation of 42.0813 million US dollars and long positions had a liquidation of 3.1433 million US dollars. In addition, the amount of ETH liquidation reached 21.2251 million US dollars.

According to on-chain analyst Aunt Ai (@ai9684xtpa), an insider whale closed out his short positions in XRP and SOL half an hour ago, resulting in a cumulative loss of $1.644 million. The trader currently holds $105 million worth of short positions in BTC and ETH. The BTC short position is currently in profit due to its opening price of $116,736.3, while the ETH short position has a floating loss of $1.094 million.

According to Odaily Planet Daily, OKX market data shows that LTC has broken through 119 USDT and is currently trading at 119.17 USDT, with a 24-hour increase of 9.55%.

According to screenshots of the website, pump.fun is suspected to be testing a "reward" feature, and a trading volume incentive plan is expected to be launched soon.

According to Odaily Planet Daily, Coinglass data shows that in the past hour, the entire network had a liquidation of US$22.1164 million, of which US$19.7430 million was for short positions and US$2.3735 million was for long positions. In addition, the amount of ETH liquidation reached US$9.0191 million.