According to Lookonchain monitoring, a mysterious whale/institution created a new wallet and received 11,062 ETH ($40.74 million) from FalconX an hour ago. In the past 3 days, this whale/institution has created 5 wallets and accumulated 147,591 ETH ($541.66 million) from FalconX, GalaxyDigital, and BitGo.
MetaMask Has Integrated Sei Blockchain, Now Supporting 11 Chains
MetaMask announced that it has integrated the Sei blockchain, bringing the total number of supported blockchains to 11. This integration will provide native support for the Sei network, enabling MetaMask users to seamlessly access Sei's decentralized application (dapp) ecosystem and Sei native assets.
Crypto Investment Startup Parataxis to Raise $640 Million After Merger to Support BTC Purchases
According to The Block, Parataxis Holdings will merge with SilverBox Corp IV SPAC, aiming to raise $640 million for a Bitcoin fund management company to be listed on the New York Stock Exchange (NYSE). After the merger, the new company plans to list on the NYSE with the ticker PRTX. Parataxis Holdings stated: "This business merger will bring up to approximately $240 million in funds, subject to SBXD (SilverBox Corp IV SPAC) shareholder redemption. This includes $31 million in equity, which will be immediately used to purchase Bitcoin." Parataxis also said it has "signed a share purchase agreement" allowing it to "issue and sell up to $400 million in equity" and added that the post-merger actions "could bring total proceeds of up to $640 million to support the execution of the BTC fund management strategy and accelerate it".
According to The Block, Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated that Ethereum fund management companies are currently "highly investable" and more worth buying than US spot ETFs. Kendrick said the net asset value (NAV) multiple of Ethereum fund management companies (market value divided by the value of held ETH) has "begun to normalize" and is expected to remain above 1, making them more attractive than US spot ETH ETFs. He added that with the normalization of NAV multiples, ETH fund management companies can better leverage ETH price increases, staking rewards, and per-share ETH growth—unlike US spot ETH ETFs, which currently cannot stake or participate in DeFi. Kendrick noted that since June, Ethereum fund management companies have purchased 1.6% of all circulating ETH, comparable to the purchase rate of ETH ETFs during the same period.
According to The Block, a Manhattan jury found Tornado Cash founder Roman Storm guilty of conspiracy to operate an unlicensed money transmission business but failed to reach a consensus on money laundering and sanctions charges. The DeFi Education Fund and other institutions stated they will continue to support Roman Storm. The DeFi Education Fund said: "We are disappointed that the jury did not recognize that Storm should not be held responsible for the actions of third parties beyond his control." The Blockchain Association urged Storm to appeal in a post on X. According to reporter Eleanor Terrett, Storm plans to challenge the charges, calling them "nonsense". Storm quoted former President Donald Trump, saying he will "fight, fight, fight".
Trump Says US Will Impose Around 100% Tariffs on Chips and Semiconductors
According to CCTV News, on August 6th, US President Trump stated that the United States will impose around 100% tariffs on chips and semiconductors. Trump said no fees will be charged if manufactured in the US.
Coinbase to List dYdX Native Asset COSMOSDYDX Trading Pair
According to Coinbase's announcement, it will list the COSMOSDYDX-USD trading pair starting at 9 AM Pacific Time on August 7, 2025, subject to liquidity conditions. Users must transfer via the dYdX network, with transfers through other networks risking asset loss.
Trump Family-Linked Mining Company American Bitcoin Plans Nasdaq Listing
According to The Block, Gryphon Digital Mining shareholders have begun voting on a merger with Hut 8's subsidiary American Bitcoin Corp. After the merger, American Bitcoin will list on Nasdaq with the code "ABTC". The company was co-founded by Eric Trump and Donald Trump Jr., with Hut 8 holding 80% and the Trump family holding about 20% through American Data Centers. American Bitcoin has raised $220 million through private placement for Bitcoin and mining machine purchases. After the merger, existing shareholders will retain about 98% of the new company's shares, with Eric Trump serving as Chief Strategy Officer.
White House: Trump to Impose Additional 25% Tariffs on Indian Goods
The White House stated that Trump signed an executive order imposing an additional 25% tariff on goods from India in response to India's continued purchase of Russian oil. Oil prices rose sharply after Trump's new tariffs on India, reaching the day's high point.
White House: Apple to Increase US Investment Commitment by $100 Billion
The White House: Apple (AAPL.O) will launch a new US manufacturing plan and increase its US investment commitment by $100 billion, with Trump to make a statement about Apple today.
Kaito AI: Billions Public Offering Lands on Capital Launchpad
Kaito AI posted on X that the Billions public offering has landed on Capital Launchpad. The project is valued at $200 million, with a fundraising target of over $5 million; token allocation is 75% unlocked at TGE, with the remaining 25% unlocked 12 months after TGE. Individual subscription limits range from $1,000 to $100,000.
Clearing Company Marex Connects to JPMorgan's Blockchain Settlement System Kinexys
According to CoinDesk, clearing company Marex, in collaboration with Brevan Howard Digital, has become the first to adopt JPMorgan's blockchain settlement platform Kinexys. Kinexys uses a programmable distributed ledger to enable 24/7 near-real-time settlement, aiming to reduce settlement risk and simplify payment infrastructure.
Ethereum's On-Chain Transaction Volume Reaches $238 Billion in July, Highest Since December 2021
According to The Block, Ethereum's on-chain transaction volume reached $238 billion in July, a 70% increase month-over-month and the highest since December 2021. The network processed 46.67 million transactions, setting a monthly record, with 17.55 million active addresses approaching the historical peak. The 7-day moving average shows daily transaction volume near 1.66 million, close to the May 2021 high. ETH's month-end price rose to $3,700, creating a multi-year high.
Bitcoin and Ethereum Options Market Shows Bearish Tendency in August
According to The Block, Derive data shows that with the Federal Reserve maintaining interest rates unchanged in July, market sentiment turned cautious, and traders' options configurations for Bitcoin and Ethereum expiring in August clearly lean towards bearish, with demand concentrated on put options. Sean Dawson, Derive's research head, stated that the put option open interest for Ethereum expiring on August 29 has exceeded call options by over 10%, mainly focused on strike prices of $3,200, $3,000, and $2,200. The bearish sentiment for Bitcoin is more pronounced, with put option open interest for August 29 nearly five times that of call options, primarily concentrated on strike prices of $95,000, $80,000, and $100,000, indicating traders generally bet on Bitcoin falling below $100,000. Derive estimates a 25% probability of Ethereum dropping below $3,000 by the end of August and an 18% probability of Bitcoin falling below $100,000.
SuperGaming Raises $15 Million in Series B from a16z, Polygon, and Others, Valued at $100 Million
According to Tech in Asia, game development company SuperGaming, headquartered in Pune, India, and Singapore, announced the completion of a $15 million Series B funding round, led by Skycatcher and Steadview Capital, with participation from a16z Speedrun, Bandai Namco 021 Fund, Neowiz, and Polygon Ventures. SuperGaming is now valued at $100 million. The new funds will be used for international expansion of its game 'Indus Battle Royale' (starting with Latin America) and platform technology upgrades. The company has accumulated 200 million game downloads and is advancing new technologies through SuperPlatform, including cloud multiplayer game backends and Web3 digital asset ownership.
