1. Galaxy Assists Early Investors in Selling Over 80,000 Bitcoins, Transaction Size Exceeds $9 Billion
Galaxy recently completed a transaction selling over 80,000 bitcoins on behalf of an early Satoshi-era bitcoin investor, with a current market value exceeding $9 billion, making it one of the largest nominal scale transactions in crypto market history. This transaction was part of the investor's estate planning.
2. Wang Yongli: China Should Actively Participate in Crypto Assets and Stablecoin Development
Former Bank of China Vice President Wang Yongli suggested that China needs to adjust its policies on crypto assets and stablecoins, accelerate related legislation, and at least differentiate between domestic and international approaches. He proposed first actively participating in crypto assets and stablecoin development internationally to enhance China's global competitiveness and influence. He suggested considering launching an offshore RMB stablecoin in Hong Kong, initially used for overseas crypto asset trading and settlement, and exploring the development of RMB stablecoins and digital RMB.
3. Cathie Wood: Crypto Fund Reallocation Trend Shifts, ETH Staking Flows to DATs and Concept Stocks
Regarding the recent surge in Ethereum unstaking demand, ARK Invest CEO Cathie Wood noted that Robinhood is offering a 2% matching reward for crypto asset transfers. Meanwhile, venture capital firms and investors are moving staked ETH to Digital Asset Trusts (DATs), hoping to double their funds after unlocking. She pointed out that "crypto Treasury concept stocks" like MSTR and BMNR are becoming important ways for traditional financial advisors to expose clients to BTC and ETH.
4. Hayden Davis First Acknowledges LIBRA as a Speculative Memecoin
Crypto entrepreneur Hayden Davis, involved in the LIBRA project, recently submitted documents to a US court, first admitting LIBRA is a memecoin and denying it as an investment project with a business plan, contradicting President Javier Milei's previous claim that it would "help the Argentine economy". The report also revealed that on January 30th, Davis transferred nearly $500,000 USDC to centralized exchange Kraken during a meeting at the presidential palace, potentially related to project fund movements. The case involves approximately $280 million in frozen assets, with a New York court hearing scheduled for August 19th to examine whether Davis and his partners manipulated LIBRA for profit.
5. Arizona Woman Sentenced to 8.5 Years for Assisting North Korean IT Workers in Fraud
An Arizona woman was sentenced to 102 months (about 8.5 years) in prison for helping North Korean IT workers impersonate US identities to obtain remote positions at over 300 US companies. The fraud generated over $17 million for herself and the North Korean regime. According to court documents, this is one of the largest remote employment fraud cases involving North Korean IT workers investigated by the US Department of Justice.
6. Wu Blockchain Weekly Selection: Ethereum MicroStrategy Explosion, Cathie Wood Deeply Involved; Solana Releases New Roadmap and Top 10 News
After the U.S. House of Representatives passed the stablecoin bill, SEC Chairman Paul Atkins stated that they are considering introducing an "innovation exception" to promote asset tokenization, encouraging new transaction methods and establishing the infrastructure for a tokenized securities ecosystem. He mentioned that the SEC is studying whether to adjust policies within the existing regulatory framework to support the further development of tokenization.
4. Trump Media Group Announces Bitcoin Assets Reaching Approximately $2 Billion link
Trump Media announced that its Bitcoin assets have reached approximately $2 billion, accounting for two-thirds of the company's approximately $3 billion in liquid assets. The strategy is supported by $3 billion in liquid funds, with an additional $300 million used for Bitcoin-related options operations that may be converted to spot Bitcoin in the future.
5. Western Union Explores Stablecoin Service Integration link
Western Union CEO Devin McGranahan stated that the company is exploring the launch of stablecoin services in digital wallets and plans to establish deposit and withdrawal cooperation channels for buying and selling stablecoins. He noted that stablecoins have enormous potential in accelerating cross-border transfers, improving fiat currency exchange efficiency, and providing a means of value storage for economically unstable countries.
6. Tether Plans to Return to U.S. Market, Focusing on Institutional Stablecoin Business link
Tether CEO Paolo Ardoino said that after U.S. President Donald Trump signed the stablecoin bill, Tether is planning to return to the U.S. market, focusing on institutional clients and offering stablecoin products for payments, interbank settlements, and trading. Ardoino emphasized that the company has no intention of going public and will continue to focus on emerging markets while expanding its business in the U.S.
7. JPMorgan: $2 Trillion Stablecoin Market Forecast Too Optimistic, Infrastructure Still Needs Improvement link
JPMorgan stated that the market's prediction of stablecoin total market value reaching $2 trillion by 2028 is "slightly optimistic". Although Treasury Secretary Scott Bessent recently proposed this target at a hearing, claiming it could be achieved with legislative support, JPMorgan believes that the stablecoin infrastructure is not yet mature and cannot support such large-scale growth in the short term. JPMorgan expects the market to potentially double or triple in the coming years, rather than reaching a level several times the current $260 billion market value.
(The translation continues in the same manner for the rest of the text.)Questflow announces completion of $6.5 million seed round funding link
Syntetika under Hilbert Group completes $2.5 million seed round funding link
Swiss Web3 domain registrar Freename completes $6.5 million Series A funding link
D-GN announces completion of $5 million Pre-Seed round funding link
