According to Odaily Planet Daily, Nasdaq-listed Fundamental Global announced that it will change its name to FG Nexus after completing a definitive agreement for a $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 a trust fund, FG CVR Trust, in Delaware to monetize and distribute proceeds from the liquidation of legacy assets and businesses. (Globenewswire)

In a recent interview with CoinGape, LBank Labs Head and Partner Czhang stated that LBank, with its rapid coin listing mechanism and continuous innovation, is becoming a hub for discovering early-stage "100x-coins." LBank has also launched the LBANK EDGE zone and integrated with xStock to offer tokenized US stock trading services. This, combined with a points-based reward system, creates a new user experience where "participation equals profit." When it comes to project selection, Czhang emphasized sustainable growth, disruptive innovation, and strong execution as key factors in investment decision-making. He also analyzed current market trends, noting that Ethereum's tenth anniversary, progress in US crypto legislation, infrastructure upgrades, and the RWA boom are accelerating the integration of crypto assets into the mainstream financial system, injecting new momentum into the industry. He also shared unique insights on the universal applicability of MicroStrategy's Bitcoin allocation strategy.

According to Odaily Planet Daily, Hong Kong's Stablecoin Ordinance officially came into effect on August 1st, with a six-month transition period. The first issuer license is expected to be issued early next year. Shi Ziyuan, head of proprietary trading at Huaxing Capital, stated that this initiative is expected to attract more mainstream institutions and high-quality capital into the market. Huaxing Capital plans to expand its Hong Kong licenses (1, 4, and 9) to include digital assets, while also increasing investment in infrastructure areas such as Web 3 and Reliable Web Access (RWA). The company previously invested in stablecoin issuer Circle and launched a $100 million investment budget in June of this year. (Yahoo Finance)

According to Odaily Planet Daily, ShareX's user treasure hunt incentive program, TreasureX, has further expanded the number of compatible devices and has completed integration deployment with five sharing brands in the Deshare Alliance, including: YoPoint – operates over 90,000 smart vending machines, covering more than 120 countries; Breeze – Singapore's earliest shared charging brand, with over 320,000 power banks; AIOT – Malaysia's AI-driven smart retail brand; NetCharge – Kazakhstan's first fast-charging shared power brand; MyGreenPlus – Malaysia's smart recycling and reverse vending machine (RVM) brand. Various shared devices from the aforementioned brands now serve as offline access points for TreasureX, allowing users to participate in tasks and claim on-chain rewards. With the continued advancement of these integrations, TreasureX's offline node network is rapidly expanding, further driving the adoption of Web 3 into everyday consumer scenarios. Currently, the TreasureX event is still in full swing, with the number of participating users exceeding 800,000, becoming one of the most influential DePIN × RWA user growth cases.

Odaily Planet Daily reports that Story, the AI-native infrastructure and programmable IP blockchain, announced that it will serve as technical support for the launch of a consumer digital advertising (RWA) project in partnership with the Hangzhou Cultural Property Exchange, Lanxess Media, and Web3 accelerator Starbase. The project will split 2,000 minutes of advertising inventory from the "Big Stupid Screen" at Hangzhou Guoda City Plaza into 800 digital assets, mapped to the Story Chain. Users can purchase digital assets to obtain a corresponding share of the Big Stupid Screen's advertising rights. According to the Hangzhou Cultural Property Exchange, the project will begin sales at 10:00 AM on August 8th. This compliant issuance promoted the standardized on-chaining of offline advertising resources for the first time. It was also the first RWA model in the cultural communication field in mainland China jointly promoted by state-owned enterprises, compliant platforms and Web3 infrastructure, laying the foundation for Story to continue to expand its IP RWA compliant ecological network in the Asian market.

According to an announcement from the Hong Kong Stock Exchange, Sinolink Holdings Limited (1168.HK) announced a strategic shift in focus to fintech-related sectors, with a focus on crypto assets, real-world assets (RWA), Web 3, and stablecoins. To better reflect its business positioning, the company plans to change its English name from "SINOLINK WORLDWIDE HOLDINGS LIMITED" to "Z Fin Limited." Following the name change, the company will no longer use the Chinese name "Best-Star Holdings Limited" for identification purposes. Best Buy noted that it has already made strategic investments in ZhongAn Online Property & Casualty Insurance (6060.HK) and its joint venture, ZhongAn Technology (International) Group Co., Ltd. (ZA Global). Notably, ZA Global wholly owns ZA Bank, Hong Kong's largest digital bank. ZA Bank is the first Hong Kong bank to offer dedicated reserve banking services to stablecoin issuers and has also invested in RD Technologies, a participant in the HKMA's "Stablecoin Sandbox."

Odaily Planet Daily reported that Rahul Agarwal, an engineer at the Indian cryptocurrency exchange CoinDCX, was arrested by the Bengaluru police on suspicion of assisting in a security incident that resulted in an outflow of approximately US$44 million (approximately 380 million rupees). The incident occurred on July 19, 2025, when CoinDCX detected a large amount of funds flowing from its wallet to multiple external addresses. An investigation revealed that Agarwal allegedly installed malware to leak system login credentials, allowing attackers to access internal systems. Police filed a case against him under various provisions of the Indian Information Technology Act and discovered financial transactions between his account and the attackers. CoinDCX has launched an asset recovery bounty program, offering rewards of up to 25% of the recovered amount. (Finance Feeds)

Odaily Planet Daily reported that according to the official account of Star Road Technology, a subsidiary of Fosun, Fosun Wealth International Holdings Co., Ltd., a digital wealth management platform under Fosun, and its incubated Star Road Financial Technology Holdings Co., Ltd. announced that Star Road Technology has completed nearly 10 million US dollars in Series A financing. Investors include Solana Foundation and several Web 3 institutions and wealth management companies. It is reported that Fosun Wealth International Holdings has recently registered related trademarks such as "Fosun International Crypto", "Fosun Wealth RWA" and "Star Coin" in Hong Kong, indicating that it is accelerating its layout in the field of encryption and virtual assets.

According to Odaily Planet Daily, Ying Ying, chief computer industry analyst at CITIC Construction Investment Securities, recently stated that Hong Kong's stablecoin and the digital RMB are not in competition, but rather will collaborate to build a "de-dollarized" payment network through a "currency bridge + on-chain payment" approach. RWA tokenization is not only about asset financing, but will also reshape global asset pricing rules. With the issuance of Hong Kong's stablecoin licenses, brokerage IT transformation, virtual asset trading and other fields will usher in certain opportunities. (Jinshi)

According to SoSoValue data, various sectors of the crypto market saw gains. Ethereum (ETH) rose 1.43%, returning above $3,800. The SocialFi sector saw two consecutive days of gains, with a 24-hour increase of 1.11%. Toncoin (TON) also saw a further 2.17% increase. Furthermore, Bitcoin (BTC) rose 0.28% to $118,000. Other sectors with outstanding performance include: DeFi sector rose 0.30% in 24 hours. Within the sector, Curve DAO (CRV) and Ethena (ENA) rose 4.85% and 8.16% respectively; PayFi sector rose 0.04%, Litecoin (LTC) and Bitcoin Cash (BCH) rose 1.40% and 2.74% respectively. In addition, the CeFi sector fell 1.17%, Hyperliquid (HYPE) fell 2.25%; the Meme sector fell 1.17%, Pump.fun (PUMP) was relatively strong, rising 1.81%; the Layer 2 sector fell 1.22%, Zora (ZORA) fell 13.28%; the Layer 1 sector fell 1.27%, TRON (TRX) fell 3.68%; the NFT sector fell 3.35%, Pudgy Penguins (PENGU) fell again 5.30%. The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiSocialFi, ssiDeFi, and ssiRWA indices rose by 1.23%, 0.84%, and 0.35% respectively in the 24 hours.