Dubai approves tokenized money market fund backed by Qatar National Bank and DMZ Finance
According to CoinDesk, the Dubai Financial Services Authority (DFSA) approved the QCD Money Market Fund (QCDT) supported by Qatar National Bank (QNB) and DMZ Finance, becoming the first tokenized money market fund approved for issuance in the Dubai International Financial Center (DIFC). The fund's investment strategy and asset initiation are led by Qatar National Bank, while DMZ Finance provides technology to support its digital architecture. The fund aims to bring traditional assets such as U.S. Treasuries on-chain to serve a wide range of institutional applications, including bank-qualified collateral, stablecoin support, exchange reserves, and Web3 payment infrastructure. Supporters said that with its regulatory compliance, yield stability, and on-chain transparency, they expect the fund to promote adoption by financial institutions and cryptocurrency-native institutions.
The BONK community announced that the number of BONK holders has reached 949,892 and is expected to exceed 1 million soon. When the number of holders reaches 1 million, 1 trillion BONK tokens will be destroyed, worth approximately $22.81 million.
According to Onchain Lens monitoring, early this morning, two Ethereum IC0 wallets associated with the same entity transferred 1,140 ETH (worth US$2.89 million) to another wallet after being dormant for more than 9 years.
Circle executives: 14 stablecoin issuers and 39 CASPs have obtained EU MiCA licenses
According to Patrick Hansen, Circle's EU policy director, MiCA regulations have been implemented for 6 months for crypto asset service providers (CASPs) and 12 months for stablecoins. There have been new developments in July: 14 institutions from 7 EU countries have been authorized to issue stablecoins, including 3 in France, 1 or 3 in Germany and other countries. They have issued a total of 20 electronic currency tokens or single legal currency stablecoins, 12 in euros, 7 in US dollars, and 1 in Czech koruna. 39 CASPs have been licensed by MiCA, distributed in 9 EU/EEA countries, covering traditional finance (such as BBVA, Clearstream, CACEIS), financial technology (such as N26, Trade Republic, eToro, Robinhood), native crypto companies (such as Coinbase, Kraken, Bitpanda, OKX, Bitstamp) and other types. Currently, there are 0 issuers of asset reference tokens (ART), and the market lacks relevant demand. About 30 crypto asset white papers have been notified, the transition period in many countries has ended, the Netherlands Financial Markets Authority is leading in issuing licenses, but more than 35 companies have been listed as non-compliant CASPs by Italian regulators.
According to on-chain analyst Yu Jin, 5 hours ago, a whale/institutional address transferred the last 3,631 ETH. This means that they have transferred all 95,313 ETH (worth $234 million) redeemed from pledge to CEX in the past month. These ETHs were pledged last year at an average price of $2,878. The average price after redemption to CEX was $2,454, resulting in a loss of $40.41 million.
Listed Real Estate Company Murano to Build Bitcoin Reserve with $500 Million Equity Deal
According to CoinDesk, Nasdaq-listed real estate company Murano Global Investments (MRNO) announced the launch of a Bitcoin strategic reserve plan. The company has signed a $500 million standby equity subscription agreement, the funds will be mainly used to allocate Bitcoin, and has purchased 21 BTC (about $2.1 million) as the first treasury asset. The Mexican hotel operator with a market value of $800 million also joined the "Enterprise Bitcoin Alliance" led by MicroStrategy and explored the integration of Bitcoin payment and loyalty reward systems in the hotel business. Elias Sacal, chairman of the company, said that Bitcoin can both hedge against inflation risks and enhance the resilience of the balance sheet.
US Court Ends Coin Center and US Treasury Appeal Regarding Tornado Cash
According to Cointelegraph, the United States Court of Appeals for the Eleventh Circuit rejected the appeal of the crypto advocacy organization Coin Center, which was aimed at the sanctions imposed by the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on the Tornado Cash mixing service in 2022. Documents filed on Thursday showed that the appellate court approved the motion to revoke the lower court's ruling and instructed that the case be sent back for retrial, which was part of the joint filing by Coin Center and the U.S. Treasury Department. The court said that the dismissal of the appeal basically means the end of Coin Center's legal challenge to OFAC. Peter Van Valkenburgh, executive director of Coin Center, said that the lawsuit surrounding the statutory authority of Tornado Cash sanctions has officially ended, and the government has no intention of continuing to promote sanctions and defending its dangerously broad interpretation.
According to Arkham monitoring, about 7 hours ago, the US government marked address transferred 86,564 ETH worth $219,450 to the Coinbase Prime Deposit address. Before this transaction, the US government address conducted a $10 test transaction. It is reported that these ETH were originally seized from Chase Senecal in October 2022.
US SEC Delays Decision on Fidelity Spot Solana ETF
According to market news, the U.S. Securities and Exchange Commission (SEC) has postponed its approval decision on the Fidelity Spot Solana ETF.
US SEC confirms receipt of Truth Social Bitcoin and Ethereum ETF application documents
According to market news, the U.S. Securities and Exchange Commission (SEC) confirmed that it has received the application documents for Truth Social's Bitcoin and Ethereum ETFs.
According to The Block, according to the countdown information on the Gate exchange website, the Solana ecosystem Meme coin issuance platform Pump.fun will start selling its native token PUMP on July 12. This time, 15 billion PUMPs will be issued, accounting for 15% of the total supply (maximum supply of 1 trillion), each priced at 0.004 USDT, and the sales period is 72 hours. However, Gate has deleted the PUMP token sale page information.
Vitalik advocates the adoption of a “copyleft” software publishing licensing model
According to The Block, on Monday, Ethereum co-founder Vitalik Buterin stated a new position on software releases in a new blog, advocating for a slightly more restrictive "copyleft" license, which is different from his previous support for loose licenses that allow developers to use and redistribute code without restrictions. Vitalik explained that "copyleft" licenses such as CC-BY-SA and GPL stipulate that if derivative works are created and distributed, the new work must be released under the same license. Although he is generally opposed to copyright, he wants to "fight copyright with copyright" and use licenses to ensure that derivative works are open to the public. He said that the new position was influenced by the mainstream adoption of open source code by companies such as Google and Huawei, as well as the intensification of competition in the crypto field. Today, the crypto field is highly competitive and profit-driven, and people can no longer be expected to open source purely out of goodwill. Open source cannot rely solely on "pleas" but also requires "tough measures", that is, only those who open source code can obtain certain code access rights.
According to Jinshi, former Fed governor Walsh, a popular candidate for the next Fed chairman, said that the Fed's practice of keeping the monetary policy interest rate unchanged has frustrated the US president, and I deeply sympathize with this. The interest rate should be lowered to a lower level. Trump's tariffs will not cause inflation.
According to Jinshi, on the 7th local time, US President Trump signed an executive order to extend the so-called "reciprocal tariff" suspension period, postponing the implementation time from July 9 to August 1. Earlier today, starting from the early morning of the 8th Beijing time, Trump successively published his tariff letters to many countries on social media. As of press time, he has issued the latest tariff rate threats to 14 countries. Among them, Japan, South Korea, Kazakhstan, Malaysia and Tunisia face a tariff rate of 25%; South Africa and Bosnia have a tariff rate of 30%; Indonesia has a tariff rate of 32%; Bangladesh and Serbia have a tariff rate of 35%; Thailand and Cambodia have a tariff rate of 36%; Laos and Myanmar have a tariff rate of 40%. The above tariffs will take effect on August 1. In addition, according to Jinshi, citing Politico, the United States proposed a trade agreement plan to impose a 10% tariff on the European Union with restrictive clauses.
TON Foundation recruits VP of Marketing after UAE 'Golden Visa' controversy
According to The Block, the TON Foundation has issued a recruitment notice for a vice president of marketing, whose duties are to "develop and execute high-impact marketing strategies" to enhance the TON ecosystem, attract new users, and expand the brand's global influence. The marketing director will also work with the directors of the TON Foundation to develop budgets and participate in the production of social media video content such as TikTok, Instagram and YouTube. The move comes as the organization has been embroiled in controversy over the UAE's "Golden Visa" program. Earlier news, Toncoin announced a partnership with the UAE to provide TON pledgers with a 10-year golden visa; subsequently, the UAE authorities clarified that the golden visa eligibility does not include digital currency investors. TON later clarified that the plan is still in its early stages and has not been endorsed by the government.
According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has asked institutions that intend to issue spot Solana ETFs to modify and resubmit their application documents by the end of July. People familiar with the matter revealed that although the SEC can make a decision by October 10 at the latest, this move shows that the approval process may be advanced, which may speed up the final approval process of the Solana ETF. Previously, REX-Osprey SOL and Staking ETF were automatically approved and started trading last week due to the application of the Investment Company Act of 1940, becoming the first Solana pledge fund, and the SEC is therefore under pressure to speed up approval. If approved, the Solana ETF will become the third type of spot cryptocurrency fund in the U.S. market after Bitcoin and Ethereum.
TON Foundation clarifies no official cooperation with UAE Golden Visa project
The TON Foundation's official website issued a statement to clarify that the online news about its cooperation with the UAE Golden Visa Project is false information. At present, TON is only conducting independent exploratory cooperation with a licensed partner focusing on blockchain infrastructure and asset tokenization, and has not reached any formal agreement with the UAE government or obtained official endorsement. The foundation emphasized that the project is still in its early stages and any visa issuance rights belong to the relevant UAE government departments. The TON Foundation supports the joint statement of the relevant UAE regulatory authorities on the non-approval or launch of digital residence or investment visa projects, and stated that if there is any official progress, it will be announced transparently as soon as possible.
Threshold’s Bitcoin-pegged coin tBTC is launched on Sui Network
According to CoinDesk, Threshold Network's Bitcoin-pegged coin tBTC has been launched on the Sui blockchain, allowing users to mint tBTC directly on Sui, which is expected to bring more than $500 million in Bitcoin liquidity to the Sui network. Currently, BTC-related assets account for more than 10% of the total locked value of the Sui ecosystem.
According to The Block, Kuru Labs announced the completion of a $11.5 million Series A financing led by Paradigm, and is committed to building a new decentralized exchange that integrates the automated market maker (AMM) and centralized order book (CLOB) architecture on the Monad blockchain. Kuru adopts a default AMM strategy to provide basic liquidity for each order book, aiming to improve the flexibility and depth of on-chain transactions. The project has previously completed a $2.2 million seed round of financing. Investors also include 0xDesigner, Zagabond and other angel investors.
According to a report from the Public Security Bureau of Taojiang County, Hunan Province, some people invested through the "DGCX Xinkangjia" platform under the recommendation of others. The platform used the name of the Dubai Gold and Commodities Exchange (DGCX) to attract funds. It is actually an unauthorized and unqualified illegal platform that promised high returns and induced the spread of membership rebates. Since June 25, the platform has been unable to withdraw cash normally, and it is suspected that the capital chain has been broken, posing a large risk of fund-raising fraud. The public security organs remind people not to participate in such unapproved platform investments. Earlier today, Shenzhen issued a risk warning to beware of illegal fund-raising in the name of stablecoins.
Bit Digital sells 280 Bitcoins, uses proceeds to buy Ethereum
Cryptocurrency company Bit Digital has moved all of its cryptocurrency holdings to Ethereum. The company sold 280 Bitcoins and used the proceeds to buy more Ethereum.
Strategy Announces $4.2 Billion STRD Stock Offering
Strategy (NASDAQ: MSTR/STRK/STRF/STRD) announced that it has signed a sales agreement to issue and sell up to $4.2 billion of 10% Series A Perpetual Stride Preferred Stock (STRD) through an "at-the-market" offering. The company plans to use the proceeds for general corporate purposes, including the purchase of Bitcoin, working capital and dividends to other preferred shareholders.
According to BusinessWire, AI super computing cloud service provider CoreWeave (NASDAQ: CRWV) has signed a definitive agreement with leading data center infrastructure provider Core Scientific (NASDAQ: CORZ), under which CoreWeave will acquire Core Scientific in an all-stock manner. Under the terms of the agreement, Core Scientific shareholders will receive 0.1235 shares of CoreWeave Class A common stock for each share of Core Scientific common stock held. The acquisition is expected to help CoreWeave achieve vertical integration of data center assets and enhance the sustainability of revenue growth and core profitability. Upon completion of the transaction, CoreWeave will have approximately 1.3 GW of total data center power and has the potential to expand by more than 1 GW. The transaction is expected to be completed in the fourth quarter of 2025, with a total equity value of approximately $9 billion, a premium of approximately 66% over Core Scientific's unaffected closing price on June 25.
Strategy did not buy Bitcoin between June 30 and July 6
Strategy (MSTR.O): No Bitcoin was purchased between June 30 and July 6.
Strategy: Bitcoin's book value increased by more than $14 billion in the second quarter
According to the 8-K document submitted by Strategy (MicroStrategy) to the US SEC, as of June 30, 2025, the company realized unrealized book gains of approximately $14.05 billion in Bitcoin, and therefore recognized deferred taxes of approximately $4.04 billion. The company's total Bitcoin holdings are 597,325, with a book value of $64.36 billion and an average cost of $70,982 per coin.
Etherscan launches HyperEvmScan, a HyperEVM blockchain browser
Etherscan announced the launch of HyperEvmScan, a block explorer built specifically for the HyperEVM blockchain. Users can query transactions, addresses, tokens, prices and other information on the HYPE blockchain through hyperevmscan.io.
Binance Alpha will launch the RCADE project on July 9
Binance Alpha will be the first platform to list the RCADE (RCADE) project on July 9. After trading is open, eligible users can use Binance Alpha points to claim the airdrop on the Alpha event page. More details will be announced soon.
According to Binance Wallet, the TGE project Palio failed to successfully complete the liquidity recharge. The official said that it is actively solving the problem and will inform the progress in a timely manner.
CoinShares: Digital asset investment products saw net inflows of $1.03 billion last week
According to the latest weekly data from CoinShares, digital asset investment products recorded a net inflow of $1.03 billion last week, pushing the total assets under management (AuM) to a record high of $188 billion, achieving net inflows for the 12th consecutive week. The U.S. market performed outstandingly, attracting $1 billion in inflows, while Canada and Brazil saw outflows of $29.3 million and $9.7 million, respectively. Ethereum performed particularly well, with an average weekly net inflow of 1.6% of assets under management over the past 11 weeks, significantly higher than Bitcoin's 0.8%, indicating that investor sentiment is tilting towards Ethereum.
