According to SolanaFloor, Jito Labs, Bitwise, Multicoin Capital, VanEck, and the Solana Policy Institute submitted an open letter to the US Securities and Exchange Commission (SEC) on July 31st, proposing the adoption of Liquidity Staking Tokens (LSTs) as a collateral mechanism in exchange-traded products (ETPs). The proposal specifically addresses the eight Solana ETF applications submitted in June of this year and an additional application submitted on June 25th.

Odaily News Leaders from the Solana Foundation, Anza, Jito Labs, DoubleZero, Drift, and Multicoin Capital jointly wrote the "Internet Capital Market" roadmap. It proposes the future evolution direction with application-controlled execution as the core, covering the short-term launch of Jito's trading module BAM, the medium-term low-latency communication network DoubleZero and Alpenglow consensus protocol, and the long-term deployment of the multi-leader mechanism (MCL) CoinDesk)

Odaily News Tom Dunleavy, venture capital director of Varys Capital, posted on X that he had reached a bet with Kyle Samani, co-founder of Multicoin Capital, on whether ETH would reach the $10,000 mark on any mainstream exchange before December 31, 2026, with odds of 3:1. Kyle Samani has replied to Tom Dunleavy's post, confirming that the bet has been made.

1. Trump Phone T1 deleted the words "Made in the USA" and changed it to "Proudly Designed in the USA"; 2. Arthur Hayes deposited 2.468 million ETHFI into Binance in the past 5 hours, making a profit of $1.02 million; 3. PENGU rose above 0.011 USDT, with a 24-hour increase of 19.64%; 4. The Trump team removed $6.77 million worth of Trump and 374,608 USDC from liquidity; 5. Japan and the United States launched the seventh round of ministerial tariff negotiations, and Akazawa and Lutnik met; 6. El Salvador has increased its holdings by 8 BTC in the past 7 days, with a total holding of 6221.18 BTC; 7. Yield.xyz completed a $5 million strategic financing led by Multicoin Capital; 8. Hong Kong virtual asset trading and custody services without a license are subject to a maximum sentence of 7 years in prison; 9. The listed company Bitcoin Treasury has completed the initial phase of its Bitcoin purchase plan and currently holds a total of 771.37 Bitcoins.

Odaily News Yield.xyz announced the completion of a $5 million strategic round of financing, led by Multicoin Capital. The company, formerly known as Omni, was acquired by Echo Base this year and is committed to providing a one-stop DeFi yield infrastructure for applications. (Blockworks)

Odaily News Anthony Scaramucci, founder of SkyBridge Capital, said at the DigiAssets 2025 conference that "SOL will surpass ETH," and stated that he had no particular opinion on ETH, but he did not give a specific timetable for Solana's market value to surpass Ethereum. Anthony Scaramucci added that he only got involved in cryptocurrency in 2020, and at that time he did not really accept Ethereum, but he had a more thorough understanding of Solana. Currently, Skybridge Capital holds nine-digit Bitcoin and Solana on the company's balance sheet, and about 40% of client funds are invested in digital assets, including Multicoin Capital and Brevan Howard Digital. In addition to the fund of funds containing digital funds, there is also a cryptocurrency fund of about US$300 million, which may include Solana, Avalanche, Polkadot and a large amount of Bitcoin. (Decrypt)

Odaily News Decentralized AI infrastructure project Gradient Network announced the completion of a $10 million seed round of financing, led by Pantera Capital and Multicoin Capital, with participation from HSG (formerly Sequoia China) and several well-known angel investors and consultants from AI, encryption and other fields. It is reported that Gradient aims to create a decentralized AI that is jointly participated and driven by the majority of users. It will launch two of its core protocols this week, namely the decentralized data communication protocol Lattica and the decentralized reasoning engine Parallax.

1. Data: Institutional buyers have increased their holdings of 417,000 BTC since 2025; 2. Believe founder: Multiple measures will be introduced within 48 hours to prevent fraudulent project tokens; 3. Hyperliquid Lianchuang: Transparent transactions are not a disadvantage, but the end of efficiency; 4. a16z partners clarified that they did not release the token A16ZE, whose market value dropped from tens of millions of dollars to hundreds of thousands of dollars overnight; 5. Multicoin Capital commented on the Ethereum Foundation’s reform today: lack of focus and conflicting goals; 6. Reuters: Coinbase data leak is related to Indian outsourced employees; 7. Ethereum 1CO whale recharged 617 ETH to Kraken again 4 hours ago, and sold 4620 ETH in two weeks; 8. The U.S. Senate may vote on the GENIUS stablecoin bill as early as June 9; 9. Bitcoin spot ETF had a total net outflow of US$268 million yesterday, continuing its net outflow for 3 consecutive days; 10. Ethereum spot ETF had a total net inflow of US$78.1743 million yesterday, continuing the net inflow for 11 consecutive days.

Odaily News Regarding the layoff plan and subsequent development direction proposed by the Ethereum Foundation today, Kyle Samani, co-founder of Multicoin Capital, commented, "Please note that the definition of the word 'focus' usually means 'less', not 'more', especially that goals should not conflict with each other. But when we look at it from the perspective of goal 3 (i.e., L1, L2 network expansion, improving user experience), goal 1 (i.e., layoffs) and goal 2 (i.e., clarifying the division of responsibilities) are contradictory."

Odaily News Bitcoin infrastructure company Arch Labs announced the completion of a $13 million Series A financing round, led by Pantera Capital and Multicoin Capital. (Fortune)