Kuvi.ai, an AI-powered crypto trading platform, announced the completion of a $700,000 seed round led by Moon Pursuit Capital and joined by Michael Terpin of Transform Ventures, bringing its valuation to $30 million. Kuvi.ai aims to use the new funding to support its messaging-based trading platform, simplifying the crypto trading interface through a conversational approach. (Globenewswire)

The UK's Financial Conduct Authority (FCA), the financial regulator, previously announced it would open up crypto ETN trading to retail investors. However, the FCA clarified that its ban on retail clients trading crypto asset derivatives will remain in effect while it continues to monitor market developments and consider its approach to high-risk investments. (Zhitong Finance)

Odaily Planet Daily News: Tom Lee, chairman of Ethereum treasury company Bitmine Immersion (BMNR) and co-founder of Fundstrat, said in an interview with CoinDesk TV that although the market is rebounding, many investors still do not believe in the authenticity of this round of market, which is the key to driving further increases in crypto assets. Lee pointed out that investors have repeatedly underestimated every market recovery since 2020, calling the current rebound that began in April "the most underestimated V-shaped reversal in history." He said that traditional finance is "steadily and quietly" entering the crypto market, especially Ethereum, whose legal clarity and technological stability make it the preferred platform for Wall Street to promote tokenization. Bitmine currently holds 625,000 ETH, with total assets approaching $2.8 billion and almost no debt. Lee confirmed that the company is advancing a $1 billion share repurchase plan with the goal of cumulatively holding 5% of the ETH supply. Lee also predicted that the Federal Reserve's upcoming interest rate cut cycle could push Bitcoin to $250,000. He believes that ETH, currently priced at $3,700, should be reasonably valued at $15,000 based on network fundamentals, emphasizing that "we are not at the top yet, we are only mid-cycle." (CoinDesk)

According to Odaily Planet Daily, US SEC Commissioner Hester Peirce will lead a team on a tour of ten cities this fall, hosting roundtable discussions aimed at gathering feedback from industry stakeholders, developers, and investors to better inform the agency's assessment of future digital asset regulations. The agency's cryptocurrency task force is "particularly interested" in meeting with cryptocurrency startups less than two years old and with 10 or fewer employees. The roundtable discussions will take place from August to December. (Cointelegraph)

Mill City Ventures III, Ltd. (NASDAQ: MCVT), a non-bank lender and finance company, announced today that it has signed an equity facility agreement with AGP/Alliance Global Partners, an investor, allowing Mill City to sell up to $500 million of the company's common stock at its discretion, subject to certain restrictions and closing conditions. Proceeds from the equity facility, excluding commitment fees, will be used to advance the company's SUI financial strategy. (Businesswire)

According to a recent Bank of America research report, the tokenization of real-world assets is gaining significant momentum. The report shows that investors are showing increasing interest in tokenizing real-world assets, including stocks, bonds, bank deposits, and real estate. The Dubai Land Department has launched a tokenized real estate platform, aiming to digitize $16 billion in real estate assets by 2033 and introduce a fractional ownership mechanism. Bank of America analysts believe this shift will require significant infrastructure development but will enable 24/7 cross-border transactions, instant settlement, and increased liquidity. The report also points out that although the development of blockchain technology may affect the income sources of traditional banks, the adaptability of traditional financial institutions in the blockchain field may be underestimated. (CoinDesk)

Odaily Planet Daily News: Gate Research Institute released its latest quantitative report "Gate Research Institute: ETH Breaks Through Integer Levels, MACD Trend Strategy Gains Over 150%" - market structure evolution and trend strategy verification from a macro perspective, systematically analyzing the rhythm, capital structure and quantitative strategy performance of mainstream crypto assets since mid-July 2025, providing investors with strategic research and configuration references. The report notes that BTC has recently fluctuated at high levels and seen its momentum slow, while ETH has steadily risen towards 4,000 USDT, demonstrating relative strength. Derivatives positions remain high, funding rates are stable, and data on the long-short ratio and margin calls indicate cautious market sentiment, with the overall structure remaining bullish. Against this backdrop, Gate Research Institute backtested a MACD-based trend strategy, demonstrating annualized returns exceeding 150% in currencies such as SUI, demonstrating strong risk control and trend identification capabilities. This strategy has proven to be effective in volatile markets, and future integration with multi-factor mechanisms is expected to further enhance its stability.

Odaily Planet Daily reports that the UK Financial Conduct Authority (FCA) has opened retail channels for cryptocurrency exchange-traded notes (ETNs), stating that firms will soon be able to offer retail investors access to cryptocurrency exchange-traded notes (cETNs). Crypto ETNs available to retail investors must be traded on a UK investment exchange (RIE) approved by the FCA. The FCA's ban on retail exposure to crypto asset derivatives will remain in effect. The FCA will continue to monitor market developments and consider its approach to high-risk investments.

Odaily Planet Daily News Andreessen Horowitz (a 16 z) wrote to the U.S. Senate Banking Committee, calling for the revision of the recently released draft crypto regulatory legislation and warning that there are serious loopholes that may weaken investor protection. The draft, originating from a discussion draft of the 21st Century Financial Innovation and Technology Act (CLARITY Act), aims to advance crypto asset legislation. a16z noted issues with the draft's definition of "attached assets" (referring to tokens sold through investment contracts but without equity, dividends, or governance rights), arguing that this structure should not serve as a regulatory basis without significant revisions. This letter is part of the formal industry response to the draft's release. (Cointelegraph)

Odaily Planet Daily News: AI computing economic layer platform GAIB announced the completion of a US$10 million strategic financing round, led by digital asset company Amber Group and participated by several Asian investors. This round of financing will be used to directly deploy tokenized GPU assets on the platform, aiming to strengthen institutional participation in the AI computing economy and promote its ecological development.