1. FT: Trump's Son-Supported American Bitcoin Plans to Acquire Companies in Japan and Hong Kong
The US crypto mining company American Bitcoin, supported by Trump's son, is seeking acquisition targets in Asia. Informed sources revealed that the company aims to acquire a listed company in Japan and may also look to Hong Kong, intending to emulate Michael Saylor's strategy of massively accumulating crypto assets through corporate reserves. The company also plans to go public in the US in September through a reverse merger with the Nasdaq-listed mining company Gryphon Digital Mining.
2. Qubic: Monero 51% Attack Experiment Leads to Reorganization of 6 Blocks and 60 Blocks Becoming Orphaned
Qubic announced that it once achieved over 51% hash rate control on the Monero network, causing 6 blocks to be reorganized and 60 blocks to become orphaned. Preliminary reports show that Qubic mined 80% of Monero's total blocks within two hours. This round mined approximately 750 XMR and 7 million XTM. Together with unsold Tari from the previous round, a total of 17.2 billion QUBIC were destroyed, with an average destruction price of 3,200 QUBIC per billion, approximately $55,000. Simultaneously, Computors and miners received a total reward of 62.2 billion QUBIC, valued at around $200,000. Currently, Qubic's mining revenue is nearly 4 times that of Monero, and the related "51% attack experiment" is still ongoing.
3. Ethereum Validator Queue Reaches 355,919 ETH for Joining, 831,056 ETH for Exiting
The number of Ethereum validators joining is 355,919 ETH, with an estimated waiting time of 6 days and 4 hours. The number of validators exiting is 831,056 ETH, with an estimated waiting time of 14 days and 10 hours. The network has 1,085,264 active validators, with a total staking amount of approximately 35.6 million ETH, representing 29.46% of the supply. The current 7-day annualized yield is 2.96%.
4. Dark Web Operator Arrested for Allegedly Bribing Czech Justice Minister with Bitcoin
Czech police arrested Tomas Jirikovsky, founder of the Dark Web market Sheep Marketplace, for allegedly bribing former Justice Minister Pavel Blazek with 468 BTC (approximately $45 million), a case that led to Blazek's resignation. The platform, founded by Jirikovsky in 2013, was involved in illegal drug, weapon, and counterfeit goods trading, and was alleged to have profited at least 680 BTC during its operation and stolen 841 BTC upon closure.
5. UAE Travelers Can Purchase Airline Tickets Using Cryptocurrency via Multiple Airlines
The UAE tourism industry is accelerating crypto payment adoption. Platforms including Emirates, Air Arabia, Travala, and Alternative Airlines now support booking tickets using cryptocurrencies like BTC, ETH, and USDT. Emirates' payment service in collaboration with Cryptocom is expected to launch in 2026, Air Arabia supports AE Coin stablecoin payments, while Travala and Alternative Airlines offer multiple crypto payment options.
6. Wu Blockchain Weekly Selection: US PPI Exceeds Expectations, Ethereum Spot ETF Net Inflow of $2.9 Billion This Week, Terra Founder Admits Fraud, and Top 10 News
[The rest of the translation follows the same professional and accurate approach]Digital asset trading platform Bullish raised $1.1 billion through its initial public offering (IPO), with an issue price of $37 per share, higher than the previous range of $32 to $33. The IPO was oversubscribed by over 20 times, with a market value of $5.4 billion. BlackRock and ARK Investment Management intend to collectively subscribe for $200 million in shares. Bullish is led by former NYSE president Tom Farley as CEO, primarily serving institutional clients, with Block.one CEO Brendan Blumer (holding 30.1% of shares) as the largest shareholder. The company will be listed on the New York Stock Exchange under the ticker BLSH.
It rose over 13% on Thursday, with its market value breaking $11 billion within two days of listing.
Financial technology company Stripe is collaborating with crypto venture capital firm Paradigm to develop a high-performance, payment-focused blockchain called Tempo, currently in a stealth development phase with a team of 5 people. It is a Layer 1 chain compatible with the programming languages used by Ethereum.
Circle announced the launch of Arc, an open Layer-1 blockchain aimed at providing enterprise-grade infrastructure for stablecoin payments, foreign exchange, and capital market applications. The network is EVM-compatible, uses USDC as the native gas token, and integrates a stablecoin foreign exchange engine, sub-second settlement finality, and optional privacy control features. Arc is expected to launch on the public testnet this fall.
The Layer 1 blockchain network @Stable, driven by USDT and aimed at efficiently processing financial transactions through stablecoins, announced the completion of a $28 million seed round. Bitfinex and Hack VC led the investment, with participants including Franklin Templeton, Castle Island Ventures, KuCoin Ventures, and angel investors such as Tether CEO Paolo Ardoino and Braintree founder Bryan Johnson. Stable is dedicated to creating a "stablecoin chain" with USDT as Gas, enabling low-cost, fast stablecoin payments globally.
OKX announced a strategic upgrade of X Layer, positioning it as a public chain focused on DeFi, payments, and RWA scenarios. The upgrade includes optimizing the OKB Gas Token economic model, with OKB continuing as the sole Gas and native token. OKX will burn 65,256,712.097 OKB from historical buybacks and reserves, and after the upgrade, will modify the OKB smart contract to remove additional issuance and manual burning functions, fixing the total supply at 21 million. Simultaneously, OKTChain will be phased out, stopping trading on OKX from August 13, 2025, at 14:10 (UTC+8), with OKT to be regularly exchanged for equivalent OKB based on the average closing price from July 13 to August 12, 2025. On-chain OKT exchange will be supported until January 1, 2026. Affected by this news, OKB briefly rose to a historical high of $142.88 and is currently around $96, with a market value of $2.01 billion.
Terraform Labs co-founder Do Kwon pleaded guilty on Tuesday in the US to two federal charges: conspiracy to commit fraud and wire fraud. Kwon, who developed TerraUSD and Luna cryptocurrencies, caused approximately $40 billion in losses. If found guilty, Kwon could face up to 25 years in prison.
[The rest of the funding events section remains the same as in the original text]
