Odaily News Canaan Technology announced the completion of a $39.75 million financing round. Through the issuance of 806,439,900 Class A ordinary shares (approximately 53,762,660 ADS) to Cipher Mining, it acquired a 49% equity stake in Cipher Mining's three Bitcoin mining farm projects in West Texas (ABC Project: Alborz LLC, Bear LLC, Chief Mountain LLC). The primary business of this project is operating Bitcoin mining farms with a total power capacity of 120 MW and a total hashrate of approximately 4.4 EH/s. The transaction also includes Canaan Technology's repurchase of 6,840 mining machines from Cipher Mining. These machines were originally planned for deployment at the Black Pearl site, which is currently being transformed into an AI data center. Upon completion of the transaction, Cipher Mining becomes a significant shareholder of Canaan Technology, with its shareholding subject to a six-month lock-up period.

Odaily News: Nasdaq-listed Bitcoin mining company Cipher Mining announced plans to issue senior secured notes to qualified institutional investors, subject to market conditions and other factors, with a total fundraising target of $2 billion. The offering is guaranteed by Cipher Black Pearl and 11786 Wink LLC. It is reported that the net proceeds from the offering will be used to pay the remaining construction costs of the high-performance computing data center located in Wink, Texas, to fund a debt service reserve, and to cover related fees and expenses, among other uses. (Globenewswire)

A report released Thursday by Chainalysis shows that North Korea's cryptocurrency hacking activities stole $2.02 billion in 2025, breaking records again. Previously, the highest amount of cryptocurrency stolen by North Korea through hacking and theft (such as Bitcoin and Ethereum) was $1.3 billion. This brings North Korea's total stolen cryptocurrency holdings to approximately $6.75 billion. The total amount of stolen cryptocurrency globally has risen to $3.4 billion. A large portion of this stems from the attack on Dubai-based cryptocurrency exchange Bybit earlier this year. Bybit's CEO stated that, according to the U.S. Secret Service, these hackers, working for a group of elite North Korean government hackers, stole approximately $1.5 billion in February, the majority of which was Ethereum. The United Nations and private researchers have long accused North Korea, which is subject to international sanctions and maintains relations with only a few countries, of deploying hackers to steal cryptocurrencies to fund its nuclear weapons and missile programs. Chainalysis is one of a growing number of companies mapping cryptocurrency transaction networks, including tracking stolen funds laundered by criminals. The Chainalysis report notes that despite these platforms having institutional resources and professional security teams, they remain vulnerable to attack due to this fundamental security challenge. Matt Pearl, director of the Strategic Technology Program at the Center for Strategic and International Studies, said that North Korea is difficult to stop because it is largely isolated from the world and is a “rogue state.” The report states that some of the thefts are most likely due to North Korean hackers increasingly obtaining remote technical positions at international companies through fraudulent means. This access allows them to provide their hacking colleagues with a foothold to steal cryptocurrency keys and transfer cryptocurrency to Pyongyang. Pearl stated that given North Korea is already facing extreme sanctions, there are few other ways to stop it from continuing to fund military operations by attacking digital assets.

Odaily Planet Daily reports that Frex, an Indian blockchain remittance startup, has announced the completion of a 95 million Indian rupee (approximately US$1.05 million) Pre-Seed funding round. The round was co-led by Zeropearl VC and White Venture Capital, with participation from a group of angel investors. The company leverages blockchain technology and local banking partnerships to build a real-time remittance solution, primarily serving immigrants and overseas workers by providing cross-border remittance services. (eletsonline)

Odaily News Olas, an autonomous AI agent platform in cryptocurrency, has closed $13.8 million in funding to support the launch of its “agent app store” called Pearl. This round of financing was led by 1kx, followed by Tioga Capital, Sigil Fund, Zee Prime Capital, Borderless, Keyrock and other institutions. The team at Olas, also known as Autonolas, said the funding will be used to support its agent app store, which aims to democratize access to user-owned AI agents. The app store will let users own and control their AI agents directly on-chain for a variety of use cases such as autonomous social media accounts or DeFi transactions.

Odaily News Swell announced on X that Wavedrop 1 is open for claiming. Users can claim SWELL with Black Pearl and then stake it as rSWELL to earn more Black Pearl and Symbiotic points.

Odaily News Cybersecurity experts warn that the notorious North Korean hacker group "Lazarus Group" may target US Bitcoin ETFs as a new attack target. Michael Pearl, vice president of GTM strategy at Cyvers, said that hackers may turn their attention to US Bitcoin ETFs due to the potential huge returns. According to Dune data, US ETFs currently hold $52.1 billion worth of Bitcoin, which is an attractive target for hackers. Pearl warned that not only ETF providers may become targets of attacks, but all companies related to them will also be at risk, so ETF vulnerabilities are problems that need to be solved quickly, otherwise a "super hack" incident may occur. (Cointelegraph)

Odaily News Liquidity re-staking platform Swell released a summary of the points on X: -White Pearls: The Voyage activity snapshot has been completed, please pay attention to the TGE announcement; -Black Pearls: Holders will be able to claim SWELL in the first round of Wavedrop in October; -Eco-points: Holders will share all Swell L2 airdrops.

Odaily News According to documents on the website of the U.S. Securities and Exchange Commission (SEC), Nasdaq withdrew two applications to list and trade Bitcoin spot and Ethereum spot ETF options. At the same time, the New York Stock Exchange also withdrew the listing and trading applications of Bitwise and Grayscale Bitcoin spot ETF options on the same day. Bloomberg analyst James Seyffart said he expects Nasdaq and NYSE to resubmit applications for listing Bitcoin spot ETF options in the next few days or weeks. Earlier news, other exchanges also withdrew similar applications last week. MIAX, MIAX Pearl and BOX Exchange withdrew their proposals to list Bitcoin spot ETF options, and the Chicago Board Options Exchange also withdrew its application for listing Bitcoin spot ETF options, but then resubmitted the application. The SEC has not yet approved the trading of options products based on Bitcoin spot and Ethereum spot ETFs. (The Block)

Odaily News The re-staking protocol Swell Network announced that it will take a Pearls snapshot at block height 20422895, approximately at midnight UTC on July 30, 2024. After this snapshot, the TGE details and anti-Syrk measures will be determined.