Author: TechFlow
Yesterday's Market Dynamics
US initial jobless claims for the week ending July 19 were 217,000, expected at 226,000
According to Jin10 data, US initial jobless claims for the week ending July 19 were 217,000, expected at 226,000, with the previous value at 221,000.
Tron Inc. announces it will ring the Nasdaq opening bell on July 24
According to Globenewswire, Tron Inc. (Nasdaq: TRON) announced that it will hold an opening bell ceremony at the Nasdaq MarketSite in Times Square, New York, on July 24 Eastern Time, hosted on-site by TRON founder and Tron Inc. Global Advisor Justin Sun. This marks the company's official transformation into a technology enterprise focusing on blockchain and digital asset innovation. The company stated that this bell-ringing is not only an important milestone in Tron Inc.'s development history but also highlights its long-term vision of driving shareholder value growth through innovation and strategic leadership. The company, formerly SRM Entertainment, is currently the listed enterprise holding the most TRX tokens.
Memecoin launchpad LetsBONK promises to use 1% of revenue to repurchase top tokens
According to The Block, LetsBONK announced that 1% of its total revenue will be used to repurchase top token pairs in the BONK ecosystem. The platform has recently surpassed competitor Pump.fun to become the leading Solana-based memecoin platform in terms of daily trading volume and token issuance. According to data, LetsBONK's fee income in the past 24 hours was approximately $1.5 million, meaning about $15,000 will be used for repurchases weekly. Currently, the total market cap of tokens issued on LetsBONK has exceeded $1 billion, with Useless Coin ranking first at around $312 million.
Ripple co-founder Chris Larsen sells about $200 million in XRP in the past 10 days
According to CryptoQuant data, Ripple co-founder Chris Larsen has sold approximately $200 million worth of XRP in the past 10 days. CryptoQuant analyst Maartunn commented, "Still buying? You're just exiting liquidity."
Cyvers Alerts: Detected WOO X attack with losses exceeding $12 million
Cyvers Alerts posted on social platforms, "Detected multiple suspicious transactions involving WOO X, covering BTC, ETH, BNB, and ARB networks, with estimated losses exceeding $12 million.
On the Ethereum network, a suspicious address received $1 million worth of USDT and additional ETH from WOO's hot wallet. This $1 million USDT was then converted to ETH, after which approximately $7.3 million was transferred to a new address."
The WOO team has confirmed the incident, stating: "We are investigating a limited incident that occurred earlier today on the WOO X platform." Currently, user funds and transactions are unaffected, but the platform has temporarily suspended withdrawals during the investigation.
NFT platform Pixel Vault may cease operations
According to an official announcement, NFT platform Pixel Vault announced on July 24 that after more than four years of development, the company has begun a potential process of ending operations. The company had attempted to create a profitable and sustainable crypto entertainment enterprise but was unsuccessful. Currently, Pixel Vault is in discussions with multiple parties about the possibility of acquiring the company and its assets to continue serving the community.
Musk: Will revive Vine in AI form
Musk posted on a social platform that they will revive Vine in an AI form.
LD Capital founder Yi Lihua: ETH is strongly approaching the end of volatility
LD Capital founder Yi Lihua posted on social media, "ETH is strongly approaching the end of volatility. This was originally a massive pressure level, where OGs collectively exit. In a bull market trend, regardless of any negative news, do not short or try to short, and adhere to trend investment principles."
Market news: TON Foundation and Kingsway Capital plan to raise $400 million for Toncoin treasury
According to market news, the TON Foundation and Kingsway Capital plan to raise $400 million for the Toncoin treasury.
Market news: Strategy plans to increase financing from $500 million to $2 billion for Bitcoin purchase
According to market news, Strategy plans to increase its financing from $500 million to $2 billion for Bitcoin purchase.
OSL Group plans to raise approximately HK$2.355 billion through share placement for strategic acquisitions and stablecoin business
According to Jiemian News, on the morning of July 25, OSL Group announced on the Hong Kong Stock Exchange that before trading hours on July 25, 2025, the company had entered into placement and subscription agreements, general mandate subscription agreements, and special mandate subscription agreements. The total proceeds from these transactions are estimated at approximately HK$2.355 billion, with net proceeds estimated at approximately HK$2.336 billion.
The placement price is HK$14.90 per placement share, representing a discount of approximately 15.34% to the closing price on the last trading day. The company plans to use the net proceeds as follows: approximately 50% for supporting strategic acquisition initiatives; approximately 30% for global and new business initiatives development (including payment and stablecoin initiatives); and approximately 20% for general corporate purposes.
Market Dynamics
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