Bit Editor's Daily Selected Web3 News:
【Trump: Tariffs Will Begin on August 1, 2025, with No Extensions】
US President Trump stated that tariffs will begin on August 1, 2025. The deadline will not change, and no extensions will be granted.
【Bloomberg: Tether Holds Gold Worth $8 Billion in Swiss Secret Vault】
According to Bloomberg, Tether Holdings SA owns a vault in Switzerland storing gold worth $8 billion and is looking to expand its gold reserves. The crypto company headquartered in El Salvador claims to currently hold nearly 80 tons of gold, with the vast majority directly owned by Tether, making it one of the largest gold holders globally outside of banks and nations.
Tether CEO Paolo Ardoino stated: "We have our own vault. I believe it is the most secure vault in the world." The facility is located in Switzerland, but for security reasons, the company refuses to disclose its exact location and establishment time.
【Truth Social Files S-1, Plans to Launch Crypto Blue Chip ETF】
According to the SEC website, Truth Social Crypto Blue Chip ETF, B.T. filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) on July 8, 2025, planning to issue a crypto blue chip ETF. The fund is registered in Nevada, with an annual settlement date of September 30.
【SharpLink Gaming Has Accumulated ETH Worth $536.2 Million】
According to Arkham, SharpLink Gaming has currently accumulated over $500 million worth of ETH, with a total ETH value of $536.2 million, staked on two platforms - Liquid Collective and Figment:
$470 million of ETH is staked as lsETH on Liquid Collective;
Additionally, they sent 25,312 ETH to Figment validators for staking, currently valued at around $66.19 million (this portion is not included in the main entity disclosure and does not include staking rewards).
【Bitcoin-Focused Ego Death Capital Completes $100 Million Second Fund Raise】
The venture capital firm focused on the Bitcoin ecosystem, Ego Death Capital, announced that its second fund has successfully raised $100 million. These funds will primarily support early-stage startups building on the Bitcoin blockchain, further strengthening its investment in this crypto venture capital market segment.
Ego Death Capital was established in 2022. Its first fund raised $25.2 million, and it also set up a $7.5 million special purpose vehicle (SPV). The company's founding partners include Jeff Booth, Andi Pitt, and Nico Lechuga.
The second fund will mainly focus on leading Series A financing, with initial investment amounts between $3 million and $8 million. The fund targets companies building on Bitcoin and its emerging application layers, including Lightning Network, Fedimint, and Discreet Log Contracts. The second fund has already invested in three companies: Relai, a Swiss Bitcoin brokerage; LN Markets, a derivatives trading platform built on the Lightning Network; and Roxom, a company building a global trading system on Bitcoin.
【Nasdaq-Listed BTCS Announces $100 Million ETH Acquisition Plan, Stock Rises Over 100%】
Nasdaq-listed blockchain technology consensus solutions company (BTCS) announced it will raise $100 million through traditional and DeFi markets to acquire more Ethereum (ETH). Influenced by this news, the company's stock surged over 100% on Tuesday, currently trading at $5.84.
BTCS has focused on the Ethereum ecosystem since 2021, holding 14,600 ETH (approximately $38 million) as of June and operating Ethereum validator nodes. CEO Charles Allen emphasized "Ethereum's core position in digital financial infrastructure" and promised to protect shareholder interests through diversified financing methods.
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