1. Popular CEX currencies
Top 10 CEX trading volume and 24-hour price changes:
- BTC: +0.51%
- ETH: +0.41%
- XRP: -1.66%
- SOL: -0.10%
- BNB: -0.31%
- DOGE: +0.26%
- SUI: +2.17%
- TRX: +0.25%
- ADA: +2.49%
- LTC: +2.52%
24-hour price increase list (data source: OKX):
- DUCK: +16.18%
- VINE: +15.29%
- CFX: +13.48%
- XLM: +12.66%
- PENGU: +11.32%
- CVX: +9.93%
- MORPHO: +9.92%
- MOVR: +9.58%
- INJ: +9.46%
- MAGIC: +9.41%
2. Top 5 popular memes on the chain (data source: GMGN ):
- RAGEGUY
- DeepSeekAI
- REDBULL
- LILPEPE
- greentext
Headlines
Trump and Treasury Secretary Benson are actively searching for the next Federal Reserve chairman.
Speaking about the selection of the next Federal Reserve Chairman, White House National Economic Council Director Hassett said that US President Trump and Treasury Secretary Benson are actively searching for a candidate. In addition, Trump said he will announce a candidate to fill the vacant Federal Reserve Board position in the coming days.
U.S. Trade Representative says tariff policy will remain largely unchanged
U.S. Trade Representative Greer stated on August 3rd local time that the new round of tariffs imposed by President Trump on several countries last week are "essentially set" and will not be adjusted during the current negotiations. These tariffs include 35% tariffs on imports from Canada, 50% tariffs on Brazil, 25% tariffs on India, and 39% tariffs on Switzerland. Greer stated that some tariffs are set based on bilateral trade surpluses and deficits, and that "these rates are essentially fixed."
According to Arkham, LuBian, a mining pool that was once ranked among the top ten in the world, suffered a major security incident in December 2020. A total of 127,426 BTC were stolen, which was worth approximately US$3.5 billion at the time. Based on the current price of the currency, it has reached US$14.5 billion, making it the largest Bitcoin theft in history.
In May 2020, LuBian controlled nearly 6% of the Bitcoin network's hash rate, wielding significant industry influence. The attack occurred on December 28, 2020. The attackers, suspected of exploiting a vulnerability in the private key generation algorithm, successfully stole over 90% of the Bitcoin holdings through brute force. The following day, December 29, the hackers transferred a further portion of the BTC, totaling $6 million.
Furthermore, LuBian attempted to plead with the hacker via an on-chain OP_RETURN message, requesting the return of the stolen assets. Officials sent 1,516 transactions with these messages, consuming a total of 1.4 BTC, further confirming that the incident was not a fake.
Currently, LuBian still holds 11,886 BTC (approximately $1.35 billion), and the hacker's last on-chain activity was an address consolidation in July 2024. As of the disclosure date, the hacker still controls the stolen BTC, but his identity remains unknown. His holdings rank him as the 13th largest BTC holder in the world, even surpassing the Mt. Gox hacker's address.
Industry News
The Hong Kong Monetary Authority may reduce the number of stablecoin issuer licenses to three or four in its first batch. After communicating with the People's Bank of China, the HKMA realized that under the regulatory memorandum framework, the main supervisory responsibilities and risks will be concentrated on itself.
At present, many branches of Chinese banks in Hong Kong and branches of Chinese securities firms are actively preparing to participate in compliant stablecoin business, including Bank of China (Hong Kong), Bank of Communications (Hong Kong), China Construction Bank (Asia), CNCBI, Guotai Junan International, etc., and plans involve stablecoin issuance, custody and other aspects.
Industry insiders have also reportedly pointed out that my country currently lacks a globally influential public blockchain. Some have also suggested that national-level backbone public blockchains should be led by central state-owned enterprises, while industry-level public blockchains can be driven by market competition.
Sources close to Hong Kong stablecoin license applicants told Caixin that the surge in interest in stablecoins in Hong Kong will subside as regulatory details are finalized. This is particularly true for non-financial institutions whose primary application scenarios are cross-border payments, which may voluntarily abandon early participation due to difficulties in meeting regulatory requirements to verify the identity of every coin holder. This also means that early-stage internet platforms such as JD.com and Ant Financial may have a difficult time appearing on the initial list of licenses. Furthermore, CITIC Group, through its Hong Kong subsidiary CNCBI, has partnered with several institutions to apply for the first batch of stablecoin licenses. Industry insiders note that Bank of China (Hong Kong), as one of Hong Kong's three major note-issuing banks, would have inherent advantages in issuing a stablecoin, which would also reassure regulators in both Hong Kong and Hong Kong.
Binance: BNSOL total staked exceeds 10 million SOL
Binance officially disclosed data that the total staked amount of BNSOL has exceeded 10 million SOL. In addition, the total locked value (TVL) of BNSOL has reached US$1.79 billion.
Bitmax, a South Korean KOSDAQ-listed company, announced that it has increased its holdings by 56.0445 bitcoins, bringing its total holdings to 500.123, ranking first among South Korean listed companies in terms of bitcoin holdings. The company stated that it will continue to adhere to its strategy of accumulating bitcoins.
It is reported that Bitmax is a listed company focusing on the development of augmented reality technology, providing AR software development tools and sensor fusion positioning solutions, while incorporating Bitcoin into its financial reserves.
Fundamental Global, a Nasdaq-listed company, announced that it will change its name to FG Nexus following the closing of a definitive $200 million private placement financing. This will better support its Ethereum-based financial strategy, focusing on blockchain innovation and the tokenized real-world asset (RWA) market. Additionally, the company has established FG CVR Trust, a Delaware trust, to monetize and distribute proceeds from the liquidation of its legacy assets and businesses.
Nasdaq-listed Trump Media & Technology Group (DJT) released its second-quarter 2025 financial report, reporting approximately $3.1 billion in financial assets as of June 30, an approximately 800% year-over-year increase. This growth was primarily driven by the company raising nearly $2.4 billion for its Bitcoin funding strategy, accumulating approximately $2 billion in Bitcoin and related assets in July, making it one of the largest publicly listed companies in terms of Bitcoin holdings.
The report also showed that DJT achieved positive operating cash flow for the first time this quarter, reaching $2.3 million, but had a net loss of $20 million.
In addition, the company's platform Truth+ plans to launch a reward mechanism and embed utility tokens in digital wallets. The tokens can be used to pay subscription fees in the early stage and will be expanded to other services in the Truth ecosystem in the future.
DJT has also filed registration statements for several ETFs, including the Truth Social Crypto Blue Chip ETF, the Truth Social Bitcoin and Ethereum ETF, and the Truth Social Bitcoin ETF.
Project News
Tomas Lee, chairman of ETH treasury firm BMNR, wrote that Ethereum has outperformed the broader crypto industry since early April. With stablecoins experiencing a "chatGPT moment," Wall Street is flocking to ETH. In the short term, the ETH/BTC exchange rate should at least return to its level of a year ago. The undstrat Capital digital asset team estimates that the fair price of ETH could be around $10,000 to $20,000 within the next 12 months. In the long term, as Wall Street tokenizes real-world assets, it will also begin exploring staking ETH.
(Note: Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.)
The communication platform Towns Protocol announced the token economics as follows: the total supply of TOWNS tokens is 10 billion, and more than 10% of the tokens will be airdropped to early users, partners and launch collaborators on August 5.
According to previous news, Binance Alpha will launch Towns (TOWNS) on August 5.
Investment and Financing
Crypto trading platform Kuvi.ai completes $700,000 in seed funding, led by Moon Pursuit Capital
AI-driven cryptocurrency trading platform Kuvi.ai announced the completion of a $700,000 seed round of financing, led by Moon Pursuit Capital and participated by Transform Ventures investor Michael Terpin and others, with a valuation of $30 million. The company aims to use the new funds to support its message input-based trading platform, simplifying the cryptocurrency trading interface in a conversational manner.
Nasdaq-listed ATA Creativity Global (Nasdaq: AACG) announced that it has signed an agreement with Baby BTC Strategic Capital, led by the Babylon Foundation as an LP. The latter will acquire a controlling stake in ATA for a total of US$100 million, including US$30 million in new shares and US$70 million in warrants, and will restructure the board of directors.
ATA will transform into the world's first listed platform focused on the BTCFi ecosystem, collaborating closely with the Babylon project (currently 45,000 BTC staked). The company will also acquire a large number of Baby tokens, targeting Baby's over $100 million circulating market capitalization, to establish a dual-track model of "BTCFi infrastructure + Baby token reserves," bridging the gap between crypto and traditional financial compliance.
Blockchain startup Subzero Labs completes $20 million seed round led by Pantera Capital
Blockchain startup Subzero Labs has secured $20 million in seed funding led by Pantera Capital, with participation from Variant, Coinbase Ventures, and Susquehanna's crypto arm. The company is developing the Rialo blockchain for real-world applications, aiming to break through the current limitations of crypto technology, which primarily serves financial speculation.
Co-founder Ade Adepoju, a former engineer at Mysten Labs (where he worked on the Sui blockchain), aims to provide non-crypto developers with a native solution for integrating external data (such as FICO credit scores) on-chain, without relying on oracles. The team currently has 20 members, and the funding includes equity and token subscription rights. The specific valuation was not disclosed.
Regulatory trends
The UK financial regulator, the Financial Conduct Authority (FCA), previously announced that it would open up crypto ETN trading to retail investors, but the agency clarified that the ban on retail customers participating in crypto asset derivatives trading will remain in effect, while it will continue to monitor market developments and consider its approach to high-risk investments.
In an exclusive interview, Hong Kong Legislative Council member Darwin Chiu said that the core feature of fiat stablecoins is that they must be 100% backed by highly liquid monetary assets. The main function of fiat stablecoins is still international payments, and there is no opportunity for speculation.
During the formulation of the Stablecoin Regulations, reference was made to the MiCA (Markets in Crypto-Assets) regulations of the United States, Japan, and the European Union, as well as Singapore's Payment Services Act (PSA). The legislation took into account international liquidity and demand, adhering to both international and national standards. Furthermore, Chiu stated that Hong Kong's stablecoins should not compete with existing products but rather explore new markets.
Character Voice
Metaplanet CEO: We will explore various tools to raise funds to buy Bitcoin
Simon Gerovich, CEO of Metaplanet, a Japanese listed company, wrote that the company's goal is to explore various tools to raise funds to purchase Bitcoin. Taking Bitcoin as the standard, Metaplanet's mission is to continuously increase the value of each Bitcoin share. The issuance of perpetual preferred stock is a high-value-added tool designed to maximize the long-term value of shareholders.
Earlier news, Metaplanet has announced plans to issue up to 555 billion yen of perpetual preferred shares to support its capital structure and strategic expansion.
Eric Trump: Once again, buy BTC and ETH on dips
Trump’s second son Eric Trump posted: Once again, buy BTC and ETH on dips.
